Document:

Unassociated Document

     

    AMENDMENT
NO. 1 TO

     

    STOCK
PURCHASE AGREEMENT

     

    This
Amendment No. 1 to Stock Purchase Agreement (this “Amendment No. 1”), dated June
23, 2009, is made by and among China Discovery Acquisition Corp., a Cayman
Islands exempted limited life company (“Purchaser”), HeNan Smart Food Company
Limited, a Chinese enterprise (the “Company”), Fenland Investments Limited
(“Fenland”), a British Virgin Islands company, and Calendar Profits Limited
(“Calendar”), a British Virgin Islands company, Honest Joy Group Limited
(“Honest Joy”), a British Virgin Islands company, (Fenland, Calendar and Honest
Joy each a “Seller,” and collectively, the “Sellers”), and Mr. Wang Youli
(“Wang”), the ultimate beneficial owner of 92% of the equity interests of the
Company and 100% of Fenland and amends the Stock Purchase Agreement by and among
the foregoing parties dated April 8, 2009 (the “Purchase
Agreement”).  Any capitalized term not defined herein shall have the
meaning for such term specified in the Purchase Agreement.

     

    In
consideration of the representations, warranties, covenants and agreements
herein contained and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto hereby agree as
follows:

     

    1. The text
of Section 2.3(a) of the Purchase Agreement is hereby deleted in its entirety
and replaced with the following:

     

    “Purchaser
shall purchase the Shares for 15,200,000 Purchaser Ordinary Shares (the
“Purchase Price”).”

     

    2. This
Amendment No.1 may be signed by facsimile signatures and in any number of
counterparts, each of which shall be an original and all of which shall be
deemed to be one and the same instrument, with the same effect as if the
signatures thereto and hereto were upon the same instrument.  A facsimile or electronic signature
shall be deemed to be an original signature for purposes of this Amendment No.
1.

     

    3. This
Amendment No. 1 has been entered into in the State of New York.  This
Amendment No. 1 shall be construed in accordance with and governed by the laws
of the State of New York, without giving effect to the conflict of laws
principles thereof.  The parties hereto hereby irrevocably consent to
the exclusive jurisdiction of the state or federal courts sitting in the City of
New York, State of New York in connection with any controversy or claim arising
out of or relating to this Amendment No. 1t, or the negotiation or breach
thereof, and hereby waive any claim or defense that such forum is inconvenient
or otherwise improper.  Each party hereby agrees that any such court
shall have in personam jurisdiction over it and consents to service of process
in any manner authorized by New York law.

     

    4. This
Amendment No. 1 is intended to be in full compliance with the requirements for
an amendment to the Purchase Agreement as required by Section 14.3(a) of the
Purchase Agreement, and every defect in fulfilling such requirements for an
effective amendment to the Purchase Agreement is hereby ratified, intentionally
waived and relinquished by all parties hereto.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    IN WITNESS WHEREOF, the
parties hereto have duly executed this Amendment No. 1 as of the day and year
first above written.

     

    
      	 
      	
              CHINA
      DISCOVERY ACQUISITION CORP.

               

              By:
       

            	 
	 
      	
              Name:
      Li Wen Shi

              Title:Chairman

            	 
	 
      	 
      	 
	 	 	 
	 
      	
              By: 

            	 
	 
      	
              Name:
      Michael Hsu

              Title:CEO

            	 
	 
      	 
      	 
	 	 	 
	 
      	
              By: 
       

            	 
	 
      	
              Name:
      Beatrice Hom

              Title:
      CFO

            	 

    

    

    

    [Company and Seller signature page
follows]

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    [Company and
Seller signature page]

    

    

    
      	 
      	
              HENAN
      SMART FOOD COMPANY

              LIMITED
       

            
	 
      	 
      	 
      
	 
      	
              By:

            	
               

            	 
      
	 
      	
              Name:

            	
              Wang
      Youli

            	 
      
	 
      	
              Title:

            	
              Chairman
      and Chief Executive Officer

            
	 
      	 
      	 
      	 
      
	 	 	 	 
	 
      	
              FENLAND
      INVESTMENTS LIMITED  

            	 
      
	 
      	 
      	 
      
	 
      	
              By:

            	
               

            	 
      
	 
      	
              Name:

            	
              Wang
      Youli

            	 
      
	 
      	
              Title:

            	
               
      Director

            	 
      
	 
      	 
      	 
      	 
      
	 	 	 	 
	 
      	
              CALENDAR
      PROFITS LIMITED  

            	 
      
	 
      	 
      	 
      
	 
      	
              By:

            	
              /s/ Pinger
      Zhang

            	 
      
	 
      	
              Name:

            	
              Pinger
      Zhang

            	 
      
	 
      	
              Title:

            	
               
      Director

            	 
      

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	 
      	
              HONEST
      JOY GROUP LIMITED

            	 
      
	 
      	 
      	 
      	 
      
	 
      	
              By:

            	
               

            	 
      
	 
      	
              Name:

            	
              K.
      K. Wong

            	 
      
	 
      	
              Title:

            	
               
      Director

            	 
      
	 
      	 
      	 
      	 
      
	 	 	 	 
	 
      	
              WANG
      YOULI  

            	 
      
	 
      	 
      	 
      
	 
      	   	 
      
	 
      	
              Wang
      Youli

            	 
      

    

     

    
      
        
        

      

      
        4SECOND
AMENDED AND RESTATED CREDIT AGREEMENT

      

       

      Dated as
of June 19, 2009

       

      among

       

      TEXAS
INDUSTRIES, INC.,

      as the
Borrower,

       

      BANK OF
AMERICA, N.A.,

      as
Administrative Agent, Swing Line Lender

      and

      L/C
Issuer,

       

      UBS
SECURITIES LLC,

      as
Syndication Agent,

       

      WELLS
FARGO BANK, NATIONAL ASSOCIATION,

      and

      COMERICA
BANK,

      as
Co-Documentation Agents,

       

      and

       

      The Other
Lenders Party Hereto

       

      BANC OF
AMERICA SECURITIES LLC,

      as

      Sole Lead
Arranger and Sole Book Manager

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      TABLE OF
CONTENTS

       

      
        
          
            
              
                
                  
                    	
                            Section

                          	 	 
      	
                            Page

                          
	 
      	 	 
      	 
      
	
                            ARTICLE
      I. DEFINITIONS AND ACCOUNTING TERMS

                          	
                            1

                          
	
                            1.01

                          	 	
                            Defined
      Terms

                          	
                            1

                          
	
                            1.02

                          	 	
                            Other
      Interpretive Provisions

                          	
                            32

                          
	
                            1.03

                          	 	
                            Accounting
      Terms.

                          	
                            33

                          
	
                            1.04

                          	 	
                            Rounding

                          	
                            33

                          
	
                            1.05

                          	 	
                            Times
      of Day

                          	
                            33

                          
	
                            1.06

                          	 	
                            Letter of Credit
      Amounts.

                          	
                            33

                          
	 
      	 	 
      	 
      
	
                            ARTICLE
      II. THE COMMITMENTS AND CREDIT EXTENSIONS

                          	
                            33

                          
	
                            2.01

                          	 	
                            Revolving
      Loans.

                          	
                            33

                          
	
                            2.02

                          	 	
                            Borrowings, Conversions and
      Continuations of Loans.

                          	
                            34

                          
	
                            2.03

                          	 	
                            Letters of
      Credit.

                          	
                            35

                          
	
                            2.04

                          	 	
                            Swing Line
      Loans.

                          	
                            44

                          
	
                            2.05

                          	 	
                            Prepayments.

                          	
                            47

                          
	
                            2.06

                          	 	
                            Termination
      or Reduction of Commitments

                          	
                            49

                          
	
                            2.07

                          	 	
                            Repayment of
      Loans.

                          	
                            49

                          
	
                            2.08

                          	 	
                            Interest.

                          	
                            50

                          
	
                            2.09

                          	 	
                            Fees.

                          	
                            51

                          
	
                            2.10

                          	 	
                            Computation of Interest and
      Fees; Retroactive Adjustments of Applicable Rate.

                          	
                            51

                          
	
                            2.11

                          	 	
                            Evidence of
      Debt.

                          	
                            52

                          
	
                            2.12

                          	 	
                            Payments Generally;
      Administrative Agent’s Clawback.

                          	
                            53

                          
	
                            2.13

                          	 	
                            Sharing of Payments by
      Lenders.

                          	
                            54

                          
	
                            2.14

                          	 	
                            Increase in
      Commitments.

                          	
                            55

                          
	 
      	 	 
      	 
      
	
                            ARTICLE
      III. TAXES, YIELD PROTECTION AND ILLEGALITY

                          	
                            56

                          
	
                            3.01

                          	 	
                            Taxes.

                          	
                            56

                          
	
                            3.02

                          	 	
                            Illegality

                          	
                            59

                          
	
                            3.03

                          	 	
                            Inability to Determine
      Rates.

                          	
                            59

                          
	
                            3.04

                          	 	
                            Increased Costs; Reserves on
      Eurodollar Rate Loans.

                          	
                            60

                          
	
                            3.05

                          	 	
                            Compensation
      for Losses

                          	
                            61

                          
	
                            3.06

                          	 	
                            Mitigation Obligations;
      Replacement of Lenders.

                          	
                            62

                          
	
                            3.07

                          	 	
                            Survival

                          	
                            62

                          
	 
      	 	 
      	 
      
	
                            ARTICLE
      IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

                          	
                            62

                          
	
                            4.01

                          	 	
                            Conditions
      of Initial Credit Extension

                          	
                            62

                          
	
                            4.02

                          	 	
                            Conditions
      to all Credit Extensions

                          	
                            65

                          
	 
      	 	 
      	 
      
	
                            ARTICLE
      V. REPRESENTATIONS AND WARRANTIES

                          	
                            66

                          
	
                            5.01

                          	 	
                            Existence,
      Qualification and Power; Compliance with Laws

                          	
                            66

                          
	
                            5.02

                          	 	
                            Authorization;
      No Contravention

                          	
                            66

                          
	
                            5.03

                          	 	
                            Governmental
      Authorization; Other Consents

                          	
                            66

                          

                  

                   

                  
                    
                      
                      

                    

                    
                      i

                      
                        

                      

                    

                    
                      
                      

                    

                  

                   

                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            
                                                                                              
                                                                                                
                                                                                                  
                                                                                                    
                                                                                                      
                                                                                                        
                                                                                                          
                                                                                                            
                                                                                                              
                                                                                                                
                                                                                                                  
                                                                                                                    	
                                                                                                                            5.04

                                                                                                                          	 	
                                                                                                                            Binding
      Effect

                                                                                                                          	
                                                                                                                            66

                                                                                                                          
	
                                                                                                                            5.05

                                                                                                                          	 	
                                                                                                                            Financial Statements; No
      Material Adverse Effect; No Internal Control Event.

                                                                                                                          	
                                                                                                                            67

                                                                                                                          
	
                                                                                                                            5.06

                                                                                                                          	 	
                                                                                                                            Litigation

                                                                                                                          	
                                                                                                                            67

                                                                                                                          
	
                                                                                                                            5.07

                                                                                                                          	 	
                                                                                                                            No
      Default

                                                                                                                          	
                                                                                                                            67

                                                                                                                          
	
                                                                                                                            5.08

                                                                                                                          	 	
                                                                                                                            Ownership
      of Property; Liens

                                                                                                                          	
                                                                                                                            67

                                                                                                                          
	
                                                                                                                            5.09

                                                                                                                          	 	
                                                                                                                            Environmental
      Compliance.

                                                                                                                          	
                                                                                                                            68

                                                                                                                          
	
                                                                                                                            5.10

                                                                                                                          	 	
                                                                                                                            Insurance

                                                                                                                          	
                                                                                                                            69

                                                                                                                          
	
                                                                                                                            5.11

                                                                                                                          	 	
                                                                                                                            Taxes

                                                                                                                          	
                                                                                                                            69

                                                                                                                          
	
                                                                                                                            5.12

                                                                                                                          	 	
                                                                                                                            ERISA
      Compliance.

                                                                                                                          	
                                                                                                                            69

                                                                                                                          
	
                                                                                                                            5.13

                                                                                                                          	 	
                                                                                                                            Subsidiaries;
      Equity Interests

                                                                                                                          	
                                                                                                                            70

                                                                                                                          
	
                                                                                                                            5.14

                                                                                                                          	 	
                                                                                                                            Margin Regulations; Investment
      Company Act.

                                                                                                                          	
                                                                                                                            70

                                                                                                                          
	
                                                                                                                            5.15

                                                                                                                          	 	
                                                                                                                            Disclosure

                                                                                                                          	
                                                                                                                            70

                                                                                                                          
	
                                                                                                                            5.16

                                                                                                                          	 	
                                                                                                                            Compliance
      with Laws

                                                                                                                          	
                                                                                                                            70

                                                                                                                          
	
                                                                                                                            5.17

                                                                                                                          	 	
                                                                                                                            Intellectual Property;
      Licenses, Etc.

                                                                                                                          	
                                                                                                                            71

                                                                                                                          
	
                                                                                                                            5.18

                                                                                                                          	 	
                                                                                                                            Common
      Enterprise

                                                                                                                          	
                                                                                                                            71

                                                                                                                          
	
                                                                                                                            5.19

                                                                                                                          	 	
                                                                                                                            Solvent

                                                                                                                          	
                                                                                                                            71

                                                                                                                          
	
                                                                                                                            5.20

                                                                                                                          	 	
                                                                                                                            Taxpayer Identification
      Number.

                                                                                                                          	
                                                                                                                            71

                                                                                                                          
	
                                                                                                                            5.21

                                                                                                                          	 	
                                                                                                                            Security
      Interests

                                                                                                                          	
                                                                                                                            71

                                                                                                                          
	 
      	 	 
      	 
      
	
                                                                                                                            ARTICLE
      VI. AFFIRMATIVE COVENANTS

                                                                                                                          	
                                                                                                                            72

                                                                                                                          
	
                                                                                                                            6.01

                                                                                                                          	 	
                                                                                                                            Financial
      Statements

                                                                                                                          	
                                                                                                                            72

                                                                                                                          
	
                                                                                                                            6.02

                                                                                                                          	 	
                                                                                                                            Certificates; Other
      Information.

                                                                                                                          	
                                                                                                                            73

                                                                                                                          
	
                                                                                                                            6.03

                                                                                                                          	 	
                                                                                                                            Notices.

                                                                                                                          	
                                                                                                                            75

                                                                                                                          
	
                                                                                                                            6.04

                                                                                                                          	 	
                                                                                                                            Payment
      of Obligations

                                                                                                                          	
                                                                                                                            76

                                                                                                                          
	
                                                                                                                            6.05

                                                                                                                          	 	
                                                                                                                            Preservation of Existence,
      Etc.

                                                                                                                          	
                                                                                                                            76

                                                                                                                          
	
                                                                                                                            6.06

                                                                                                                          	 	
                                                                                                                            Maintenance
      of Properties

                                                                                                                          	
                                                                                                                            77

                                                                                                                          
	
                                                                                                                            6.07

                                                                                                                          	 	
                                                                                                                            Maintenance of
      Insurance.

                                                                                                                          	
                                                                                                                            77

                                                                                                                          
	
                                                                                                                            6.08

                                                                                                                          	 	
                                                                                                                            Compliance
      with Laws

                                                                                                                          	
                                                                                                                            77

                                                                                                                          
	
                                                                                                                            6.09

                                                                                                                          	 	
                                                                                                                            Books
      and Records

                                                                                                                          	
                                                                                                                            77

                                                                                                                          
	
                                                                                                                            6.10

                                                                                                                          	 	
                                                                                                                            Inspection
      Rights

                                                                                                                          	
                                                                                                                            77

                                                                                                                          
	
                                                                                                                            6.11

                                                                                                                          	 	
                                                                                                                            Use
      of Proceeds

                                                                                                                          	
                                                                                                                            78

                                                                                                                          
	
                                                                                                                            6.12

                                                                                                                          	 	
                                                                                                                            Further
      Assurances

                                                                                                                          	
                                                                                                                            78

                                                                                                                          
	
                                                                                                                            6.13

                                                                                                                          	 	
                                                                                                                            Additional
      Subsidiaries

                                                                                                                          	
                                                                                                                            78

                                                                                                                          
	
                                                                                                                            6.14

                                                                                                                          	 	
                                                                                                                            Collateral

                                                                                                                          	
                                                                                                                            78

                                                                                                                          
	
                                                                                                                            6.15

                                                                                                                          	 	
                                                                                                                            Administration of Deposit
      Accounts.

                                                                                                                          	
                                                                                                                            81

                                                                                                                          
	 
      	 	 
      	 
      
	
                                                                                                                            ARTICLE
      VII. NEGATIVE COVENANTS

                                                                                                                          	
                                                                                                                            82

                                                                                                                          
	
                                                                                                                            7.01

                                                                                                                          	 	
                                                                                                                            Liens.

                                                                                                                          	
                                                                                                                            82

                                                                                                                          
	
                                                                                                                            7.02

                                                                                                                          	 	
                                                                                                                            Investment

                                                                                                                          	
                                                                                                                            82

                                                                                                                          
	
                                                                                                                            7.03

                                                                                                                          	 	
                                                                                                                            Debt.

                                                                                                                          	
                                                                                                                            82

                                                                                                                          
	
                                                                                                                            7.04

                                                                                                                          	 	
                                                                                                                            Fundamental
      Changes

                                                                                                                          	
                                                                                                                            84

                                                                                                                          
	
                                                                                                                            7.05

                                                                                                                          	 	
                                                                                                                            Dispositions.

                                                                                                                          	
                                                                                                                            84

                                                                                                                          
	
                                                                                                                            7.06

                                                                                                                          	 	
                                                                                                                            Restricted
      Payments

                                                                                                                          	
                                                                                                                            85

                                                                                                                          
	
                                                                                                                            7.07

                                                                                                                          	 	
                                                                                                                            Change in Nature of
      Business.

                                                                                                                          	
                                                                                                                            85

                                                                                                                          
	
                                                                                                                            7.08

                                                                                                                          	 	
                                                                                                                            Transactions with
      Affiliates.

                                                                                                                          	
                                                                                                                            85

                                                                                                                          
	
                                                                                                                            7.09

                                                                                                                          	 	
                                                                                                                            Burdensome
      Agreements.

                                                                                                                          	
                                                                                                                            85

                                                                                                                          

                                                                                                                  

                                                                                                                

                                                                                                              

                                                                                                            

                                                                                                          

                                                                                                        

                                                                                                      

                                                                                                    

                                                                                                  

                                                                                                

                                                                                              

                                                                                            

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

      
        
          
          

        

        
          ii

          
            

          

        

        
          
          

        

      

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            
                                                                                              
                                                                                                
                                                                                                  
                                                                                                    
                                                                                                      
                                                                                                        	
                                                                                                                7.10

                                                                                                              	 	
                                                                                                                Use of
      Proceeds.

                                                                                                              	
                                                                                                                86

                                                                                                              
	
                                                                                                                7.11

                                                                                                              	 	
                                                                                                                Financial
      Covenant.

                                                                                                              	
                                                                                                                86

                                                                                                              
	
                                                                                                                7.12

                                                                                                              	 	
                                                                                                                Sale and
      Leaseback.

                                                                                                              	
                                                                                                                86

                                                                                                              
	
                                                                                                                7.13

                                                                                                              	 	
                                                                                                                Sale or Discount of
      Receivables.

                                                                                                              	
                                                                                                                86

                                                                                                              
	
                                                                                                                7.14

                                                                                                              	 	
                                                                                                                Debt
      Modifications

                                                                                                              	
                                                                                                                86

                                                                                                              
	
                                                                                                                7.15

                                                                                                              	 	
                                                                                                                Debt
      Payments.

                                                                                                              	
                                                                                                                86

                                                                                                              
	 
      	 	 
      	 
      
	
                                                                                                                ARTICLE
      VIII. EVENTS OF DEFAULT AND REMEDIES

                                                                                                              	
                                                                                                                87

                                                                                                              
	
                                                                                                                8.01

                                                                                                              	 	
                                                                                                                Events
      of Default

                                                                                                              	
                                                                                                                87

                                                                                                              
	
                                                                                                                8.02

                                                                                                              	 	
                                                                                                                Remedies Upon Event of
      Default.

                                                                                                              	
                                                                                                                89

                                                                                                              
	
                                                                                                                8.03

                                                                                                              	 	
                                                                                                                Application
      of Funds

                                                                                                              	
                                                                                                                89

                                                                                                              
	 
      	 	 
      	 
      
	
                                                                                                                ARTICLE
      IX. ADMINISTRATIVE AGENT

                                                                                                              	
                                                                                                                90

                                                                                                              
	
                                                                                                                9.01

                                                                                                              	 	
                                                                                                                Appointment and
      Authority.

                                                                                                              	
                                                                                                                90

                                                                                                              
	
                                                                                                                9.02

                                                                                                              	 	
                                                                                                                Rights
      as a Lender

                                                                                                              	
                                                                                                                91

                                                                                                              
	
                                                                                                                9.03

                                                                                                              	 	
                                                                                                                Exculpatory
      Provisions

                                                                                                              	
                                                                                                                91

                                                                                                              
	
                                                                                                                9.04

                                                                                                              	 	
                                                                                                                Reliance
      by Administrative Agent

                                                                                                              	
                                                                                                                92

                                                                                                              
	
                                                                                                                9.05

                                                                                                              	 	
                                                                                                                Delegation
      of Duties

                                                                                                              	
                                                                                                                93

                                                                                                              
	
                                                                                                                9.06

                                                                                                              	 	
                                                                                                                Resignation
      of Administrative Agent

                                                                                                              	
                                                                                                                93

                                                                                                              
	
                                                                                                                9.07

                                                                                                              	 	
                                                                                                                Non-Reliance
      on Administrative Agent and Other Lenders

                                                                                                              	
                                                                                                                94

                                                                                                              
	
                                                                                                                9.08

                                                                                                              	 	
                                                                                                                No Other Duties,
      Etc.

                                                                                                              	
                                                                                                                94

                                                                                                              
	
                                                                                                                9.09

                                                                                                              	 	
                                                                                                                Administrative Agent May File
      Proofs of Claim.

                                                                                                              	
                                                                                                                94

                                                                                                              
	
                                                                                                                9.10

                                                                                                              	 	
                                                                                                                Collateral and Guaranty
      Matters.

                                                                                                              	
                                                                                                                95

                                                                                                              
	
                                                                                                                9.11

                                                                                                              	 	
                                                                                                                Cash
      Management Obligations and Swap Obligations

                                                                                                              	
                                                                                                                96

                                                                                                              
	 
      	 	 
      	 
      
	
                                                                                                                ARTICLE
      X. MISCELLANEOUS

                                                                                                              	
                                                                                                                96

                                                                                                              
	
                                                                                                                10.01

                                                                                                              	 	
                                                                                                                Amendments,
      Etc.

                                                                                                              	
                                                                                                                96

                                                                                                              
	
                                                                                                                10.02

                                                                                                              	 	
                                                                                                                Notices; Effectiveness;
      Electronic Communication.

                                                                                                              	
                                                                                                                97

                                                                                                              
	
                                                                                                                10.03

                                                                                                              	 	
                                                                                                                No
      Waiver; Cumulative Remedies

                                                                                                              	
                                                                                                                99

                                                                                                              
	
                                                                                                                10.04

                                                                                                              	 	
                                                                                                                Expenses; Indemnity; Damage
      Waiver.

                                                                                                              	
                                                                                                                100

                                                                                                              
	
                                                                                                                10.05

                                                                                                              	 	
                                                                                                                Payments
      Set Aside

                                                                                                              	
                                                                                                                102

                                                                                                              
	
                                                                                                                10.06

                                                                                                              	 	
                                                                                                                Successors and
      Assigns.

                                                                                                              	
                                                                                                                102

                                                                                                              
	
                                                                                                                10.07

                                                                                                              	 	
                                                                                                                Treatment of Certain
      Information; Confidentiality.

                                                                                                              	
                                                                                                                106

                                                                                                              
	
                                                                                                                10.08

                                                                                                              	 	
                                                                                                                Right of
      Setoff.

                                                                                                              	
                                                                                                                107

                                                                                                              
	
                                                                                                                10.09

                                                                                                              	 	
                                                                                                                Interest Rate
      Limitation.

                                                                                                              	
                                                                                                                108

                                                                                                              
	
                                                                                                                10.10

                                                                                                              	 	
                                                                                                                Counterparts; Integration;
      Effectiveness.

                                                                                                              	
                                                                                                                108

                                                                                                              
	
                                                                                                                10.11

                                                                                                              	 	
                                                                                                                Survival of Representations and
      Warranties.

                                                                                                              	
                                                                                                                108

                                                                                                              
	
                                                                                                                10.12

                                                                                                              	 	
                                                                                                                Severability.

                                                                                                              	
                                                                                                                108

                                                                                                              
	
                                                                                                                10.13

                                                                                                              	 	
                                                                                                                Replacement of
      Lenders.

                                                                                                              	
                                                                                                                109

                                                                                                              
	
                                                                                                                10.14

                                                                                                              	 	
                                                                                                                Governing Law; Jurisdiction;
      Etc.

                                                                                                              	
                                                                                                                109

                                                                                                              
	
                                                                                                                10.15

                                                                                                              	 	
                                                                                                                Waiver
      of Jury Trial.

                                                                                                              	
                                                                                                                110

                                                                                                              
	
                                                                                                                10.16

                                                                                                              	 	
                                                                                                                No Advisory or Fiduciary
      Responsibility.

                                                                                                              	
                                                                                                                111

                                                                                                              
	
                                                                                                                10.17

                                                                                                              	 	
                                                                                                                USA PATRIOT Act
      Notice.

                                                                                                              	
                                                                                                                111

                                                                                                              
	
                                                                                                                10.18

                                                                                                              	 	
                                                                                                                2005
      Indenture.

                                                                                                              	
                                                                                                                111

                                                                                                              
	
                                                                                                                10.19

                                                                                                              	 	
                                                                                                                Ratification of Loan
      Documents.

                                                                                                              	
                                                                                                                111

                                                                                                              
	
                                                                                                                10.20

                                                                                                              	 	
                                                                                                                ENTIRE
      AGREEMENT.

                                                                                                              	
                                                                                                                111

                                                                                                              

                                                                                                      

                                                                                                    

                                                                                                  

                                                                                                

                                                                                              

                                                                                            

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

      
        
          
          

        

        
          iii

          
            

          

        

        
          
          

        

      

      
         

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            
                                                                                              
                                                                                                
                                                                                                  
                                                                                                    
                                                                                                      
                                                                                                        
                                                                                                          
                                                                                                            
                                                                                                              
                                                                                                                
                                                                                                                  
                                                                                                                    
                                                                                                                      
                                                                                                                        
                                                                                                                          
                                                                                                                            
                                                                                                                              
                                                                                                                                
                                                                                                                                  
                                                                                                                                    
                                                                                                                                      
                                                                                                                                        
                                                                                                                                          
                                                                                                                                            
                                                                                                                                              
                                                                                                                                                
                                                                                                                                                  
                                                                                                                                                    
                                                                                                                                                      
                                                                                                                                                        
                                                                                                                                                          
                                                                                                                                                            
                                                                                                                                                              
                                                                                                                                                                
                                                                                                                                                                  
                                                                                                                                                                    
                                                                                                                                                                      
                                                                                                                                                                        
                                                                                                                                                                          
                                                                                                                                                                            
                                                                                                                                                                              
                                                                                                                                                                                
                                                                                                                                                                                  
                                                                                                                                                                                    
                                                                                                                                                                                      
                                                                                                                                                                                        
                                                                                                                                                                                          
                                                                                                                                                                                            
                                                                                                                                                                                              
                                                                                                                                                                                                
                                                                                                                                                                                                  
                                                                                                                                                                                                    	
                                                                                                                                                                                                            SIGNATURES

                                                                                                                                                                                                          	
                                                                                                                                                                                                            S-1

                                                                                                                                                                                                          

                                                                                                                                                                                                  

                                                                                                                                                                                                

                                                                                                                                                                                              

                                                                                                                                                                                            

                                                                                                                                                                                          

                                                                                                                                                                                        

                                                                                                                                                                                      

                                                                                                                                                                                    

                                                                                                                                                                                  

                                                                                                                                                                                

                                                                                                                                                                              

                                                                                                                                                                            

                                                                                                                                                                          

                                                                                                                                                                        

                                                                                                                                                                      

                                                                                                                                                                    

                                                                                                                                                                  

                                                                                                                                                                

                                                                                                                                                              

                                                                                                                                                            

                                                                                                                                                          

                                                                                                                                                        

                                                                                                                                                      

                                                                                                                                                    

                                                                                                                                                  

                                                                                                                                                

                                                                                                                                              

                                                                                                                                            

                                                                                                                                          

                                                                                                                                        

                                                                                                                                      

                                                                                                                                    

                                                                                                                                  

                                                                                                                                

                                                                                                                              

                                                                                                                            

                                                                                                                          

                                                                                                                        

                                                                                                                      

                                                                                                                    

                                                                                                                  

                                                                                                                

                                                                                                              

                                                                                                            

                                                                                                          

                                                                                                        

                                                                                                      

                                                                                                    

                                                                                                  

                                                                                                

                                                                                              

                                                                                            

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

         

        
          
            
            

          

          
            iv

            
              

            

          

          
            
            

          

        

      

       

      
        
          
            	
                    SCHEDULES

                  	 
      
	 
      	 
      
	
                    1.01

                  	
                    Existing
      Letters of Credit

                  
	
                    2.01

                  	
                    Commitments
      and Applicable Percentages

                  
	
                    5.13

                  	
                    Subsidiaries;
      Other Equity Investments; Equity Interests in the
  Borrower

                  
	
                    6.15

                  	
                    Deposit
      Accounts

                  
	
                    7.01

                  	
                    Existing
      Liens

                  
	
                    7.02(d)

                  	
                    Existing
      Investments

                  
	
                    7.03(c)

                  	
                    Existing
      Debt

                  
	
                    10.02

                  	
                    Administrative
      Agent’s Office; Certain Addresses for Notices

                  
	 
      	 
      
	
                    EXHIBITS

                  	 
      
	 
      	 
      
	 
      	
                    Form
      of

                  
	 
      	 
      
	
                    A

                  	
                    Assignment
      and Assumption

                  
	
                    B

                  	
                    Compliance
      Certificate

                  
	
                    C

                  	
                    Guaranty

                  
	
                    D

                  	
                    Opinion
      Matters

                  
	
                    E

                  	
                    Revolving
      Loan Note

                  
	
                    F

                  	
                    Revolving
      Loan Notice

                  
	
                    G

                  	
                    Swing
      Line Loan Notice

                  
	
                    H

                  	
                    Swing
      Line Note

                  
	
                    I

                  	
                    Borrowing
      Base Certificate

                  
	
                    J

                  	
                    Security
      Agreement

                  

          

        

      

       

      
        
          
          

        

        
          v

          
            

          

        

        
          
          

        

      

       

      SECOND
AMENDED AND RESTATED CREDIT AGREEMENT

       

      This
SECOND AMENDED AND RESTATED CREDIT AGREEMENT (“Agreement”) is
entered into as of June 19, 2009, among TEXAS INDUSTRIES, INC., a Delaware
corporation (the “Borrower”), each
lender from time to time party hereto (collectively, the “Lenders” and
individually, a “Lender”), and BANK OF
AMERICA, N.A., as Administrative Agent, Swing Line Lender and L/C
Issuer.

       

      The
Borrower, the Lenders and the Administrative Agent are parties to that certain
First Amended and Restated Credit Agreement, dated as of August 15, 2007 (as
amended by a First Amendment dated January 28, 2008, a Second Amendment dated
March 20, 2008 and a Third Amendment dated November 21, 2008, the “Existing Credit
Agreement”).

       

      The
parties hereto wish to amend and restate the Existing Credit Agreement in its
entirety as provided herein.

       

      In
consideration of the mutual covenants and agreements herein contained, the
parties hereto covenant and agree that the Existing Credit Agreement is hereby
amended and restated in its entirety as follows, and do hereby further agree as
follows:

       

      ARTICLE
I.

      DEFINITIONS
AND ACCOUNTING TERMS

       

      1.01   Defined Terms.  As
used in this Agreement, the following terms shall have the meanings set forth
below:

       

      “Accounts” has the
meaning given to such term in the UCC, including all rights to payment for goods
sold or leased or for services rendered.

       

      “Account Debtor” means
a Person who is obligated under an Account, chattel paper or general
intangible.

       

      “Accounts Formula
Amount” means 85% of the Value of Eligible Accounts.

       

      “Acquisition” means
the acquisition by any Person of (a) a majority of the Equity Interests of
another Person, (b) all or substantially all of the assets of another Person or
any operating division of another Person or (c) all or substantially all of a
line of business of another Person, in each case whether or not involving a
merger or consolidation with such other Person.

       

      “Acquisition
Consideration” means the consideration given by the Borrower or any of
its Subsidiaries for an Acquisition, including but not limited to the sum of
(without duplication) (a) the fair market value of any cash, property (other
than Equity Interests issued in respect of such Acquisition) or services given,
plus (b) the amount of any Debt assumed, incurred or guaranteed (to the extent
not otherwise included) in connection with such Acquisition by the Borrower or
any of its Subsidiaries.

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      “Adjusted Net Earnings From
Operations” means, with respect to any fiscal period of any Person (the
“subject Person”), net income of the subject Person on a consolidated basis
after provision for income taxes for such fiscal period, as determined in
conformity with GAAP and reported on the financial statements for such fiscal
period, excluding any and all of the following included in such net
income:  (a) gain, to the extent in excess of $5,000,000, or loss
arising from the sale of any capital assets (including sales of surplus
operating assets and real estate); (b) gain or loss arising from any write-up or
write-down in the book value of any asset; (c) earnings of any other Person,
substantially all of the assets of which have been acquired by the subject
Person in any manner, to the extent realized by such other Person prior to the
date of Acquisition; (d) earnings of any other Person (excluding Wholly-Owned
Subsidiaries) in which the subject Person has an ownership interest unless (and
only to the extent) such earnings shall actually have been received by the
subject Person in the form of cash distributions; (e) earnings of any Person to
which assets of the subject Person shall have been sold, transferred, or
disposed of, or into which subject Person shall have been merged, or which has
been a party with the subject Person to any consolidation or other form of
reorganization, prior to the date of such transaction; (f) gain arising from the
acquisition of debt or equity securities of the subject Person or from
cancellation or forgiveness of Debt; and (g) gain or loss arising from
extraordinary items, as determined in conformity with GAAP, or from any other
non-recurring transaction.

       

      “Administrative Agent”
means Bank of America in its capacity as administrative agent under any of the
Loan Documents, or any successor administrative agent.

       

      “Administrative Agent’s
Office” means the Administrative Agent’s address and, as appropriate,
account as set forth on Schedule 10.02, or such other
address or account as the Administrative Agent may from time to time notify to
the Borrower and the Lenders.

       

      “Administrative
Questionnaire” means an Administrative Questionnaire in a form supplied
by the Administrative Agent.

       

      “Affiliate” means,
with respect to any Person, another Person that directly, or indirectly through
one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified.

       

      “Aggregate
Commitments” means the Commitments of all Lenders.

       

      “Aggregates” means all
stone, sand, gravel, limestone and similar minerals, including, but not limited
to, all such materials that constitute “as-extracted collateral” under the UCC
(but excluding oil and gas).

       

      “Agreement” means this
Second Amended and Restated Credit Agreement.

       

      “Applicable Law” means
(a) in respect of any Person, all provisions of Laws applicable to such Person,
and all orders and decrees of all courts and determinations of arbitrators
applicable to such Person and (b) in respect of contracts made or performed in
the State of Texas, “Applicable Law” shall
also mean the laws of the United States of America, including, without
limitation the foregoing, 12 USC Sections 85 and 86, as amended to the date
hereof and as the same may be amended at any time and from time to time
hereafter, and any other statute of the United States of America now or at any
time hereafter prescribing the maximum rates of interest on loans and extensions
of credit, and the laws of the State of Texas.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      “Applicable
Percentage” means, with respect to each Lender at any time, the
percentage (carried out to the ninth decimal place), the numerator of which is
the amount of the Commitment of such Lender at such time and the denominator of
which is the Aggregate Commitments at such time; provided that if the
commitment of each Lender to make Loans and the obligation of the L/C Issuer to
make L/C Credit Extensions have been terminated pursuant to Section 8.02 or if the
Aggregate Commitments have expired, then the Applicable Percentage of each
Lender shall be determined based on the Applicable Percentage of such Lender
most recently in effect, giving effect to any subsequent
assignments.  The initial Applicable Percentage of each Lender is set
forth opposite the name of such Lender on Schedule 2.01 or in the
Assignment and Assumption pursuant to which such Lender becomes a party hereto,
as applicable.

       

      “Applicable Rate”
means the following percentages per annum, based upon the Leverage Ratio as set
forth in the most recent Compliance Certificate received by the Administrative
Agent pursuant to Section
6.02(a):

       

      
        
          
            
              
                
                  
                    
                      	
                              Pricing

                              Level

                            	 
      	
                              Leverage Ratio

                            	 
      	
                              Commitment

                              Fee

                            	 
      	
                              Applicable Margin

                              for Eurodollar Rate

                              Loans and Letters

                              of Credit

                            	 
      	
                              Applicable

                              Margin for

                              Base Rate

                              Loans

                            	 
      
	
                              1

                            	 
      	
                              < 2.50 to 1.00

                            	 
      	
                              0.500%

                            	 
      	
                              3.500%

                            	 
      	
                              2.500%

                            	 
      
	
                              2

                            	 
      	
                              < 3.50 to 1.00 but ≥ 2.50 to 1.00

                            	 
      	
                              0.500%

                            	 
      	
                              3.750%

                            	 
      	
                              2.750%

                            	 
      
	
                              3

                            	 
      	
                              < 4.00 to 1.00 but ≥ 3.50 to 1.00

                            	 
      	
                              0.500%

                            	 
      	
                              3.750%

                            	 
      	
                              2.750%

                            	 
      
	
                              4

                            	 
      	
                              < 4.50 to 1.00 but ≥ 4.00 to 1.00

                            	 
      	
                              0.750%

                            	 
      	
                              3.750%

                            	 
      	
                              2.750%

                            	 
      
	
                              5

                            	 
      	
                              ≥ 4.50 to 1.00

                            	 
      	
                              0.750%

                            	 
      	
                              4.000%

                            	 
      	
                              3.000%

                            	 
      

                    

                  

                

              

            

          

        

      

      

      Any
increase or decrease in the Applicable Rate resulting from a change in the
Leverage Ratio shall become effective as of the first Business Day immediately
following the date a Compliance Certificate is delivered pursuant to Section 6.02(a) with
respect to the annual or quarterly financial statements delivered under Section 6.01(a) or
(b); provided, however, that if a
Compliance Certificate is not delivered when due in accordance with such
Section, then Pricing Level 5 shall apply as of the first Business Day after the
date on which such Compliance Certificate was required to have been
delivered.  The Applicable Rate in effect from the Closing Date
through and including the date the Compliance Certificate is delivered pursuant
to Section
6.02(a) for the fiscal year ending May 31, 2009 shall be determined based
upon Pricing Level 3.

       

      “Approved Fund” means
any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a
Lender or (c) an entity or an Affiliate of an entity that administers or manages
a Lender.

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      “Arranger” means Banc
of America Securities LLC, in its
capacity as sole lead arranger and sole book manager.

       

      “Assignee Group” means
two or more Eligible Assignees that are Affiliates of one another or two or more
Approved Funds managed by the same investment advisor.

       

      “Assignment and
Assumption” means an assignment and assumption entered into by a Lender
and an Eligible Assignee (with the consent of any party whose consent is
required by Section
10.06(b)), and accepted by the Administrative Agent, in
substantially the form of Exhibit A or any
other form approved by the Administrative Agent.

       

      “Audited Financial
Statements” means the audited consolidated balance sheet of the Borrower
and its Subsidiaries for the fiscal year ended May 31, 2008, and the related
consolidated statements of income or operations, shareholders’ equity and cash
flows for such fiscal year of the Borrower and its Subsidiaries, including the
notes thereto.

       

      “Auto-Extension Letter of
Credit” has the meaning specified in Section 2.03(b)(iii).

       

      “Availability” means,
as of any date of determination, the remainder of (a) the Borrowing Base as at
such date minus (b) the Total Outstandings as at such date.

       

      “Availability Period”
means the period from and including the Closing Date to the earliest of (a) the
Maturity Date, (b) the date of termination of the Aggregate Commitments pursuant
to Section
2.06, and (c) the date of termination of the commitment of each
Lender to make Revolving Loans and of the obligation of the L/C Issuer to make
L/C Credit Extensions pursuant to Section 8.02.

       

      “Availability Reserve”
means the sum (without duplication) of (a) the Inventory Reserve; (b) the Rent
and Charges Reserve; (c) the Bank Product Reserve; (d) the Tax Reserve; (e) the
Royalty Reserve; (f) the Dilution Reserve; (g) the Rolling Stock Reserve,
(h) the aggregate amount of liabilities that are secured by Liens upon Borrowing
Base Collateral that are senior to the Administrative Agent’s Liens (but
imposition of any such reserve shall not waive an Event of Default arising
therefrom); and (i) such additional reserves, in such amounts and with respect
to such matters, as the Administrative Agent in its Credit Judgment may elect to
impose from time to time.

       

      “Bank of America”
means Bank of America, N.A. and its successors.

       

      “Bank Product Reserve”
means the aggregate amount of reserves established by the Administrative Agent
from time to time in its Credit Judgment in respect of (a) Cash Management
Obligations, (b) Swap Obligations, and (c) other banking products or services as
may be requested by the Borrower or any of its Subsidiaries, other than Letters
of Credit.

       

      “Base Rate” means for
any day a fluctuating rate per annum equal to the highest of (a) the Federal
Funds Rate in effect for such day plus 1/2 of 1%, (b) the rate of interest in
effect for such day as publicly announced from time to time by Bank of America
as its “prime rate”, and (c) the rate of interest in effect for such day under
this Agreement for a Borrowing of a Eurodollar Rate Loan (exclusive of the
Applicable Rate) with an Interest Period of one month beginning on such day (or
if such day is not a Business Day, the immediately preceding Business Day) plus
1%.  The “prime rate” is a rate set by Bank of America based upon
various factors including Bank of America’s costs and desired return, general
economic conditions and other factors, and is used as a reference point for
pricing some loans, which may be priced at, above, or below such announced
rate.  Any change in the Federal Funds Rate, the prime rate or the
rate for such Eurodollar Rate Loans shall be effective from and including the
effective date of such change in the Federal Funds Rate, the prime rate or the
rate for such Eurodollar Rate Loans.

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      “Base Rate Loan” means
a Loan that bears interest based on the Base Rate.

       

      “Borrower” has the
meaning specified in the introductory paragraph hereto.

       

      “Borrower Materials”
has the meaning specified in Section
6.02.

       

      “Borrowing” means a
Revolving Borrowing or a Swing Line Borrowing, as the context may
require.

       

      “Borrowing Base”
means, as of
any date of determination, an amount equal to the lesser of
(a) the Aggregate Commitments; or (b)
the sum of the Accounts Formula Amount, plus the Inventory Formula Amount,
plus the Rolling Stock Formula Amount,
minus the Availability Reserve.

       

      “Borrowing Base
Certificate” means a certificate substantially in the form of Exhibit
I.

       

      “Borrowing Base
Collateral” means Accounts, Inventory and Eligible Rolling
Stock.

       

      “Business Day” means
any day other than a Saturday, Sunday or other day on which commercial banks are
authorized to close under the Laws of, or are in fact closed in, the state where
the Administrative Agent’s Office is located and, if such day relates to any
Eurodollar Rate Loan, means any such day on which dealings in Dollar deposits
are conducted by and between banks in the London interbank eurodollar
market.

       

      “Capital Expenditures” means
all liabilities incurred, expenditures made or payments due (whether or not made) by
the Borrower or any of its Subsidiaries that are required to be accounted
for as capital expenditures under GAAP.

       

      “Capital Lease
Obligations” means, for any Person, the obligations of such Person to pay
rent or other amounts under a lease of (or other agreement conveying the right
to use) real and/or personal property, which obligations are required to be
classified and accounted for as a capital lease on a balance sheet of such
Person under GAAP.  For purposes of this Agreement, the amount of such
Capital Lease Obligations shall be the capitalized amount thereof, determined in
accordance with GAAP.

       

      “Cash Collateralize”
has the meaning specified in Section
2.03(g).

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      “Cash Equivalents”
means:  (a) United States dollars; (b) securities issued or directly
and fully guaranteed or insured by the United States government or any agency or
instrumentality thereof (provided that the
full faith and credit of the United States is pledged in support thereof)
maturing, unless such securities are deposited to defease any Debt, not more
than twelve months from the date of acquisition; (c) certificates of deposit and
eurodollar time deposits with maturities of twelve months or less from the date
of acquisition, bankers’ acceptances with maturities not exceeding twelve months
and overnight bank deposits, in each case, with any domestic commercial bank
having capital and surplus in excess of $500,000,000 and a rating at the time of
acquisition thereof of P-1 or better from Moody’s or A-1 or better from S&P;
(d) repurchase obligations with a term of not more than seven days for
underlying securities of the types described in clauses (b) and (c) above
entered into with any financial institution meeting the qualifications specified
in clause (c) above; (e) commercial paper having the highest rating obtainable
from Moody’s or S&P and in each case maturing within six months after the
date of acquisition; (f) securities issued and fully guaranteed by any state,
commonwealth or territory of the United States of America, or by any political
subdivision or taxing authority thereof, rated at least “A” by Moody’s or
S&P and having maturities of not more than twelve months from the date of
acquisition; and (g) money market funds at least 95% of the assets of which
constitute Cash Equivalents of the kinds described in clauses (a) through (f) of
this definition.

       

      “Cash Management Documents” means all
agreements, instruments and other documents entered into with respect to Cash
Management Obligations.

       

      “Cash Management
Obligations” means, with respect to any Lender or an Affiliate thereof,
any obligations owed to such Person by the Borrower or any of its Subsidiaries
which arise as a direct result of (a) commercial credit card and merchant card
services provided by such Lender or its Affiliate to the Borrower or any such
Subsidiary, or (b) the deposit, collection and other cash management, treasury
or deposit services provided by such Lender or its Affiliate to the Borrower or
any such Subsidiary, including without limitation all of the obligations of the
Borrower or any of its Subsidiaries to such Lender or its Affiliate for
overdrafts, for returned checks and other returned items and for credit extended
under, or as a result of, cash management, treasury and deposit
agreements.

       

      “Change in Law” means
the occurrence, after the date of this Agreement, of any of the
following:  (a) the adoption or taking effect of any Law, (b) any
change in any Law, or in the administration, interpretation or application
thereof by any Governmental Authority or (c) the making or issuance of any
request, guideline or directive (whether or not having the force of Law) by any
Governmental Authority.

       

      “Change of Control”
means (a) the direct or indirect sale, transfer, conveyance or other disposition
(other than by way of merger or consolidation), in one or a series of related
transactions, of all or substantially all of the properties or assets of the
Borrower and its Subsidiaries, taken as a whole, to any “person” or “group” (as
such terms are used for purposes of Sections 13(d) and 14(d) of the Securities
Exchange Act, whether or not applicable), (b) any “person” or “group” (as such
terms are used for purposes of Sections 13(d) and 14(d) of the Securities
Exchange Act, whether or not applicable) is or becomes the “beneficial owner”,
directly or indirectly, of more than 35% of the total voting power in the
aggregate of all classes of Equity Interests of the Borrower then outstanding
normally entitled to vote in elections of directors, (c) during any period of 24
consecutive months after the Closing Date, individuals who at the beginning of
such 24-month period constituted the board of directors of the Borrower
(together with any new directors whose election by such board of directors or
whose nomination for election by the shareholders of the Borrower was approved
by a vote of a majority of the directors then still in office who were either
directors at the beginning of such period or whose election or nomination for
election was previously so approved) cease for any reason to constitute a
majority of the board of directors of the Borrower then in office, or (d) any
“Change of Control” as defined in the Senior Notes shall occur in respect
thereof.

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      “Closing Date” means
the date of this Agreement, which the parties hereto acknowledge is the date
that all the conditions precedent in Section 4.01 are
satisfied or waived in accordance with Section
10.01.

       

      “Co-Documentation
Agents” means Wells Fargo Bank, National Association and Comerica Bank,
in their capacity as co-documentation agents under any of the Loan Documents, or
any successors thereto.

       

      “Code” means the
Internal Revenue Code of 1986.

       

      “Collateral” has the
meaning specified in Section 6.14 of this
Agreement.

       

      “Collateral Documents”
means, collectively, the Security Agreement and any other agreement or document,
together with all related financing statements and stock powers, executed and
delivered in connection with this Agreement to create or perfect a Lien on any
Collateral in favor of the Administrative Agent for the benefit of the Secured
Parties.

       

      “Commitment” means, as
to each Lender, its obligation to (a) make Loans to the Borrower pursuant to
Section 2.01, (b) purchase
participations in L/C Obligations, and (c) purchase participations in Swing Line
Loans, in an aggregate principal amount at any one time outstanding not to
exceed the amount set forth opposite such Lender’s name on Schedule 2.01, or in the
Assignment and Assumption pursuant to which such Lender becomes a party hereto,
as applicable, as such amount may be adjusted from time to time in accordance
with this Agreement.

       

      “Commitment Fee” has
the meaning specified in Section
2.09(a).

       

      “Compliance
Certificate” means a certificate substantially in the form of Exhibit
B.

       

      “Contractual
Obligation” means, as to any Person, any provision of any security issued
by such Person or of any agreement, instrument or other undertaking to which
such Person is a party or by which it or any of its property is
bound.

       

      “Control” means the
possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of a Person, whether through the ability
to exercise voting power, by contract or otherwise.  “Controlling” and
“Controlled” have meanings correlative thereto.

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

      “Credit Extension”
means each of the following:  (a) Revolving Borrowing, (b) an L/C
Credit Extension, and (c) a Swing Line Borrowing.

      
         

        “Credit Judgment”
means the Administrative Agent’s judgment exercised in good faith, based upon
its consideration of any factor that it believes (a) could adversely affect the
quantity, quality, mix or value of Borrowing Base Collateral (including any
Applicable Law that may inhibit collection of an Account), the enforceability or
priority of the Administrative Agent’s Lien, or the amount that the
Administrative Agent and Lenders could receive in liquidation of any Collateral;
(b) suggests that any collateral report or financial information delivered by
any Loan Party is incomplete, inaccurate or misleading in any material respect;
(c) materially increases the likelihood of any proceeding under Debtor Relief
Laws involving a Loan Party; or (d) creates or could result in a Default or
Event of Default.  In exercising such judgment, the Administrative
Agent may consider any factors that could increase the credit risk of lending to
the Borrower on the security of the Collateral.

      

      
      

      “Debt” means, with
respect to any Person, without duplication, (a) debt of such Person for borrowed
money, (b) all debt of such Person evidenced by bonds, notes, debentures or
similar instruments or bankers’ acceptances or letters of credit (or
reimbursement obligations in respect thereof); (c) the balance deferred and
unpaid by such Person of the purchase price of any property which purchase price
is due more than six months after the date of placing such property in service
or taking delivery and title thereto, except any such balance that constitutes
an accrued expense or trade payable, (d) all obligations of others secured by
any Lien (other than Liens referred to in clauses (b), (c), (d), (e), (g) or (i)
of the definition of Permitted Liens) on any property or asset owned by such
Person, whether or not the obligation secured thereby shall have been assumed,
(e) to the extent not otherwise included, all Capitalized Lease Obligations of
such Person, all obligations of such Person with respect to leases constituting
part of a sale and leaseback arrangement, all Guaranties by such Person of Debt
of other Persons, and all obligations of such Person under Swap Contracts, (f)
any “withdrawal liability” of such Person, as such term is defined under part I
of Subtitle E of Title IV of ERISA, (g) all Synthetic Lease Obligations of such
Person, and (h) all preferred stock issued by such Person and required by the
terms thereof to be redeemed, or for which mandatory sinking fund payments are
due, by a fixed date prior to one year after the Maturity Date.

       

      “Debtor Relief Laws”
means the Bankruptcy Code of the United States, and all other liquidation,
conservatorship, bankruptcy, assignment for the benefit of creditors,
moratorium, rearrangement, receivership, insolvency, reorganization, or similar
debtor relief Laws of the United States or other applicable jurisdictions from
time to time in effect and affecting the rights of creditors
generally.

       

      “Default” means any
event or condition that constitutes an Event of Default or that, with the giving
of any notice, the passage of time, or both, would be an Event of
Default.

       

      “Default Rate” means
(a) when used with respect to Obligations other than Letter of Credit Fees, an
interest rate equal to (i) the Base Rate plus (ii) the
Applicable Rate for Base Rate Loans plus (iii) 2% per
annum; provided, however, that with
respect to a Eurodollar Rate Loan, the Default Rate shall be an interest rate
equal to the interest rate (including any Applicable Rate) otherwise applicable
to such Loan plus 2% per annum, and (b) when used with respect to Letter of
Credit Fees, a rate equal to the Applicable Rate plus 2% per annum.

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      “Defaulting Lender”
means any Lender that (a) has failed to fund any portion of the Loans,
participations in L/C Obligations or participations in Swing Line Loans required
to be funded by it hereunder within one Business Day of the date required to be
funded by it hereunder unless such failure has been cured, (b) has otherwise
failed to pay over to the Administrative Agent or any other Lender any other
amount required to be paid by it hereunder within one Business Day of the date
when due, unless the subject of a good faith dispute or unless such failure has
been cured, or (c) has been deemed insolvent or become the subject of a
bankruptcy or insolvency proceeding.

       

      “Depreciation” means
depreciation and depletion expense as determined in accordance with
GAAP.

       

      
        
          “Dilution Reserve”
means a reserve established by the Administrative Agent from time to time in an
amount equal to the amount by which bad debt write-downs or write-offs,
discounts, returns, promotions, credits, credit memos and other dilutive items
with respect to Accounts during the previous 12 months exceeds 5.0% of gross
sales for such period.

        

      

       

      “Disposition” or
“Dispose” means
the sale, transfer, license, lease or other disposition (including any sale and
leaseback transaction) of any property by any Person, including any sale,
assignment, transfer or other disposal, with or without recourse, of any notes
or accounts receivable or any rights and claims associated therewith, but
excluding licenses of intellectual property and leases of real property entered
into in the ordinary course of business and the granting of Permitted
Liens.

       

      “Dividend” means, as
to any Person, any declaration or payment of any dividend (other than a stock
dividend) on, or the making of any distribution to any holder of, any shares of
capital stock (or other equity or beneficial interest) of such Person (other
than salaries, bonuses and loans to employees made or paid in the ordinary
course of business).

       

      “Dollar” and “$” mean lawful money
of the United States.

       

      “Domestic Subsidiary”
means any Subsidiary that is organized under the laws of any political
subdivision of the United States.

       

      “Dominion Account” means
a special account established by the Borrower
at Bank of America, over which the Administrative
Agent has, or is entitled to have immediately upon the occurrence of a
Trigger Period, exclusive control for withdrawal purposes
(except as otherwise provided in Section 2.07(c)).

       

      “EBITDA” means, for
any period, determined in accordance with GAAP on a consolidated basis for the
Borrower and its Subsidiaries, the sum of (a) Adjusted Net Earnings From
Operations for such period, plus (b) to the extent deducted in the determination
of Adjusted Net Earnings from Operations for such period, (i) Interest Expense,
plus (ii) federal, state, local and foreign income taxes, plus (iii)
Depreciation, amortization and other non-recurring non-cash charges (excluding
any non-cash charge to the extent that it represents an accrual of or reserve
for cash payments in any future period), plus (iv) non-cash charges in respect
of stock based compensation expenses (excluding any such non-cash charge to the
extent that it represents an accrual of or reserve for cash payments in any
future period), minus (c) to the extent included in the determination of
Adjusted Net Earnings from Operations for such period, non-cash
credits.

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

       

      “Eligible Account”
means an Account owing to any Loan Party that arises in the ordinary course of
business from the sale of goods or rendition of services, is payable in Dollars
and is deemed by the Administrative Agent, in its Credit Judgment, to be an
Eligible Account.  Without limiting the foregoing, no Account shall be
an Eligible Account if (a) it is unpaid for more than the earlier of 30 days
after the original due date or 90 days after the original invoice date;
(b) 50% or more of the Accounts owing by the Account Debtor are not
Eligible Accounts under the foregoing clause; (c) when aggregated with other
Accounts owing by the Account Debtor, it exceeds 5.0% of the aggregate Eligible
Accounts (or such higher percentage, not to exceed 15.0%, as the
Administrative Agent may establish for the Account Debtor from time to time);
(d) it does not conform in any material respect with a covenant or
representation herein or in the Security Agreement; (e) it is owing by a
creditor or supplier, or is otherwise subject to a potential offset,
counterclaim, dispute, deduction, discount, recoupment, reserve, defense,
chargeback, credit or allowance (but ineligibility shall be limited to the
amount thereof); (f) a proceeding under Debtor Relief Laws has been commenced by
or against the Account Debtor; or the Account Debtor has suspended or ceased
doing business, is liquidating, dissolving or winding up its affairs, or is not
Solvent; or the applicable Loan Party is not able to bring suit or enforce
remedies against the Account Debtor through judicial process; (g) the Account
Debtor is organized or has its principal offices or assets outside the United
States or Canada; (h) it is owing by a Government Authority, unless the Account
Debtor is the United States or any department, agency or instrumentality thereof
and the Account has been assigned to the Administrative Agent in compliance with
the Assignment of Claims Act; (i) it is not subject to a duly perfected, first
priority Lien in favor of the Administrative Agent, or is subject to any other
Lien except for Permitted Liens that are subordinate to the Administrative
Agent’s Lien and Liens for Taxes not yet due and payable; (j) the goods giving
rise to it have not been delivered to and accepted by the Account Debtor, the
services giving rise to it have not been accepted by the Account Debtor, or it
otherwise does not represent a final sale; (k) it is evidenced by chattel paper
or an instrument of any kind, or has been reduced to judgment; (l) its payment
has been extended, the Account Debtor has made a partial payment, or it arises
from a sale on a cash-on-delivery basis; (m) it arises from a sale to an
Affiliate, from a sale on a bill-and-hold, guaranteed sale, sale-or-return,
sale-on-approval, consignment, or other repurchase or return basis, or from a
sale to a Person for personal, family or household purposes; (n) it represents a
progress billing or retainage; or (o) it includes a billing for interest, fees
or late charges, but ineligibility shall be limited to the extent
thereof.  In calculating delinquent portions of Accounts under clauses
(a) and (b), credit balances owing to Account Debtors and more than 90 days old
shall not be netted against such Accounts.

       

      “Eligible Assignee”
means (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved Fund; and (d)
any other Person (other than a natural person) approved by (i) the
Administrative Agent, the L/C Issuer and the Swing Line Lender, and (ii) unless
an Event of Default has occurred and is continuing, the Borrower (each such
approval not to be unreasonably withheld or delayed); provided that
notwithstanding the foregoing, “Eligible Assignee” shall not include the
Borrower or any of the Borrower’s Affiliates or Subsidiaries.

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

      “Eligible
Inventory” means Inventory owned by a Loan Party that the
Administrative Agent, in its Credit Judgment, deems to be Eligible
Inventory.  Without limiting the foregoing, no Inventory shall be
Eligible Inventory unless it (a) is finished goods, raw materials (including
Aggregates), cement, coal or clinker, and not work-in-process (other than cement
or clinker), packaging or shipping materials, labels, samples, display items,
bags, replacement parts or manufacturing supplies (other than coal and unless
otherwise permitted by the Administrative Agent in its discretion); (b) is not
held on consignment, nor subject to any deposit or downpayment; (c) is in new
and saleable condition (if held for sale rather than use) and is not damaged,
defective, shopworn or otherwise unfit for sale; (d) is not slow-moving,
obsolete or unmerchantable, and does not constitute returned or repossessed
goods; (e) meets all standards imposed by any Governmental Authority, and does
not constitute hazardous materials under any Environmental Law; (f) conforms in
all material respects with the covenants and representations herein and in the
Security Agreement; (g) is subject to the Administrative Agent’s duly perfected,
first priority Lien, and no other Lien except for Permitted Liens that are
subordinate to the Administrative Agent’s Lien and Liens for Taxes not yet due
and payable; (h) is within the continental United States, is not in transit
except between locations of the Loan Parties, and is not consigned to any
Person; (i) is not subject to any warehouse receipt or negotiable document; (j)
is not subject to any license or other arrangement that restricts any Loan
Party’s or the Administrative Agent’s right to dispose of such Inventory, unless
the Administrative Agent has received an appropriate Lien Waiver; (k) is not
located on leased premises or in the possession of a warehouseman, processor,
repairman, mechanic, shipper, freight forwarder or other Person, unless the
lessor or such Person has delivered a Lien Waiver or an appropriate Rent and
Charges Reserve has been established; (l) is not located at a site where the
Inventory Formula Amount calculated for such site individually is less than
$50,000; and (m) is reflected in the details of a current perpetual inventory
report satisfactory to the Administrative Agent.  Unless otherwise
permitted by the Administrative Agent in its Credit Judgment, 5.0% of all
otherwise Eligible Inventory which is stored in piles and the quantity of which
is measured by an approximation method shall be deemed ineligible.

       

      “Eligible Rolling
Stock” means Rolling Stock owned by a Loan Party that the Administrative
Agent, in its Credit Judgment, deems to be Eligible Rolling
Stock.  Without limiting the foregoing, no Rolling Stock shall be
Eligible Rolling Stock unless it (a) is subject to the Administrative
Agent’s duly perfected, first priority Lien and no other Lien except for (i)
Permitted Liens that are subordinate to the Administrative Agent’s Lien, (ii)
Liens for Taxes not yet due and payable, and (iii) statutory Liens securing
amounts not yet due and payable in respect of repairs; (b) conforms in all
material respects with the covenants and representations herein and in the
Security Agreement; (c) is in good working order, condition and repair (ordinary
wear and tear excepted); (d) is used or usable in the ordinary course of
business of a Loan Party; (e) is located in the continental United States; (f)
satisfies in all material respects all Applicable Law with respect to such
Rolling Stock; (g) is not subject to any licensing or similar requirement that
would limit the right of the Administrative Agent to sell or otherwise dispose
of such Rolling Stock; (h) is insured in accordance with the requirements of
this Agreement; (i) in the case of a truck, tractor, trailer or other motor
vehicle used on the highways or in interstate commerce, (i) is evidenced by a
certificate of title in the name of a Loan Party and in the possession of the
Administrative Agent, (ii) is properly registered in the name of a Loan Party in
one of the states of the United States, and (iii) the Administrative Agent’s
Lien is noted on the certificate of title therefor; and (j) in the case of a
railcar or locomotive used in interstate commerce, (i) is properly registered in
the name of a Loan Party with the Association of American Railroads, (ii) is
covered by a reporting mark issued by the Association of American Railroads and
provided to the Administrative Agent, and (iii) the Administrative Agent’s Lien
thereon is on file with the Surface Transportation Board of the U.S. Department
of Transportation.

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

       

      “Enforcement
Action” means any action to enforce any Secured Obligations or Loan
Documents or to realize upon any Collateral (whether by judicial action,
self-help, notification of Account Debtors, exercise of setoff or recoupment, or
otherwise).

       

      “Environmental Laws”
means any and all Federal, state, local, and foreign statutes, laws,
regulations, ordinances, rules, judgments, orders, decrees, permits,
concessions, grants, franchises, licenses, agreements or governmental
restrictions relating to pollution and the protection of the environment or the
release of any materials into the environment, including those related to
hazardous substances or wastes, air emissions and discharges to waste or public
systems.

       

      “Environmental
Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or
indemnities), of the Borrower, any other Loan Party or any of their respective
Subsidiaries directly or indirectly resulting from or based upon (a) violation
of any Environmental Law, (b) the generation, use, handling, transportation,
storage, treatment or disposal of any Hazardous Materials, (c) exposure to any
Hazardous Materials, (d) the release or threatened release of any Hazardous
Materials into the environment or (e) any contract, agreement or other
consensual arrangement pursuant to which liability is assumed or imposed with
respect to any of the foregoing.

       

      “Environmental Permit”
means any permit, license, order, approval or other authorization under
Environmental Law material to business of the Borrower or any
Subsidiary.

       

      “Equity Interests”
means, with respect to any Person, all of the shares of capital stock of (or
other ownership or profit interests in) such Person, all of the warrants,
options or other rights for the purchase or acquisition from such Person of
shares of capital stock of (or other ownership or profit interests in) such
Person, all of the securities convertible into or exchangeable for shares of
capital stock of (or other ownership or profit interests in) such Person or
warrants, rights or options for the purchase or acquisition from such Person of
such shares (or such other interests), and all of the other ownership or profit
interests in such Person (including partnership, member or trust interests
therein), whether voting or nonvoting, and whether or not such shares, warrants,
options, rights or other interests are outstanding on any date of
determination.

       

      “ERISA” means the
Employee Retirement Income Security Act of 1974.

       

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

       

      “ERISA Affiliate”
means any trade or business (whether or not incorporated) under common control
with the Borrower within the meaning of Section 414(b) or (c) of the Code (and
Sections 414(m) and (o) of the Code for purposes of provisions relating to
Section 412 of the Code).

       

      “ERISA Event” means
(a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by the
Borrower or any ERISA Affiliate from a Pension Plan subject to Section 4063 of
ERISA during a plan year in which it was a substantial employer (as defined in
Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as
such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial
withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan or
notification that a Multiemployer Plan is in reorganization; (d) the filing of a
notice of intent to terminate a Pension Plan, the treatment of a Pension Plan
amendment as a termination under Sections 4041 or 4041A of ERISA, or the
commencement of proceedings by the PBGC to terminate a Pension Plan or
Multiemployer Plan; (e) an event or condition which constitutes grounds under
Section 4042 of ERISA for the termination of, or the appointment of a trustee to
administer, any Pension Plan or Multiemployer Plan; or (f) the imposition of any
liability under Title IV of ERISA, other than for PBGC premiums due but not
delinquent under Section 4007 of ERISA, upon the Borrower or any ERISA
Affiliate.

       

      “Eurodollar Rate”
means, for any Interest Period with respect to a Eurodollar Rate Loan, the rate
per annum equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”), as
published by Reuters (or other commercially available source providing
quotations of BBA LIBOR as designated by the Administrative Agent from time to
time) at approximately 11:00 a.m., London time, two Business Days prior to
the commencement of such Interest Period, for Dollar deposits (for delivery on
the first day of such Interest Period) with a term equivalent to such Interest
Period.  If such rate is not available at such time for any reason,
then the “Eurodollar Rate” for such Interest Period shall be the rate per annum
determined by the Administrative Agent to be the rate at which deposits in
Dollars for delivery on the first day of such Interest Period in same day funds
in the approximate amount of the Eurodollar Rate Loan being made, continued or
converted by Bank of America and with a term equivalent to such Interest Period
would be offered by Bank of America’s London Branch to major banks in the London
interbank eurodollar market at their request at approximately 11:00 a.m.
(London time) two Business Days prior to the commencement of such Interest
Period.

       

      “Eurodollar Rate Loan”
means a Loan that bears interest at a rate based on the Eurodollar
Rate.

       

      “Event of Default” has
the meaning specified in Section
8.01.

       

      “Excluded Taxes”
means, with respect to the Administrative Agent, any Lender, the L/C Issuer or
any other recipient of any payment to be made by or on account of any obligation
of the Borrower hereunder, (a) taxes imposed on or measured by its overall net
income (however denominated, including Texas “margin” or “gross receipts” tax),
and franchise taxes imposed on it (in lieu of net income taxes), by the
jurisdiction (or any political subdivision thereof) under the laws of which such
recipient is organized or in which its principal office is located or, in the
case of any Lender, in which its applicable Lending Office is located, (b) any
branch profits taxes imposed by the United States or any similar tax imposed by
any other jurisdiction in which the Borrower is located and (c) in the case of a
Foreign Lender (other than an assignee pursuant to a request by the Borrower
under Section
10.13), any withholding tax that is imposed on amounts payable to such
Foreign Lender at the time such Foreign Lender becomes a party hereto (or
designates a new Lending Office) or is attributable to such Foreign Lender’s
failure or inability (other than as a result of a Change in Law) to provide the
documentation described in Section 3.01(e),
except to the extent that such Foreign Lender (or its assignor, if any) was
entitled, at the time of designation of a new Lending Office (or assignment), to
receive additional amounts from the Borrower with respect to such withholding
tax pursuant to Section
3.01(a).

       

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

       

      “Existing Credit
Agreement” has the meaning specified in the second introductory paragraph
hereto.

       

      “Existing Letters of
Credit” means the letters of credit set forth on Schedule 1.01.

       

      “Federal Funds Rate”
means, for any day, the rate per annum equal to the weighted average of the
rates on overnight Federal funds transactions with members of the Federal
Reserve System arranged by Federal funds brokers on such day, as published by
the Federal Reserve Bank of New York on the Business Day next succeeding such
day; provided
that (a) if such day is not a Business Day, the Federal Funds Rate for such day
shall be such rate on such transactions on the next preceding Business Day as so
published on the next succeeding Business Day, and (b) if no such rate is so
published on such next succeeding Business Day, the Federal Funds Rate for such
day shall be the average rate (rounded upward, if necessary, to a whole multiple
of 1/100 of 1%) charged to Bank of America on such day on such transactions as
determined by the Administrative Agent.

       

      “Fee Letter” means the
letter agreement, dated June 19, 2009 among the Borrower, the Administrative
Agent and the Arranger.

       

      “Fixed Charge Coverage
Ratio” means the ratio, determined on a consolidated basis for the
Borrower and its Subsidiaries for the most recent twelve months, of (a) EBITDA
minus Capital
Expenditures (except for Capital Expenditures (i) financed with borrowed money
other than Loans or (ii) paid during the fiscal year ended May 31, 2009 for
capital improvements at the Borrower’s facilities known as Oro Grande and Hunter
(provided, that up to $10,000,000 of Capital Expenditures incurred prior to May
31, 2009 for improvements at such facilities may be paid following such date and
still be excluded from Capital Expenditures for the purposes of this
definition)) and cash taxes paid, to (b) Fixed Charges.

       

      “Fixed Charges” means
the sum of (a) Interest Expense (other than payment-in-kind), (b) principal
payments made on borrowed money (including the principal portion of payments in
respect of Capital Lease Obligations) other than Loans, (c) Restricted Payments
(other than Dividends payable to the Borrower or a Guarantor or payable solely
in stock) made, and (d) the Rolling Stock Depreciation Amount.

       

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

    

     “Foreign
Lender” means any Lender that is organized under the laws of a
jurisdiction other than that in which the Borrower is resident for tax
purposes.  For purposes of this definition, the United States, each
State thereof and the District of Columbia shall be deemed to constitute a
single jurisdiction.

     

    “Foreign
Subsidiary” means each Subsidiary of the Borrower which is organized
under the laws of a jurisdiction other than the United States of America or any
state or commonwealth thereof.

     

    “FRB”
means the Board of Governors of the Federal Reserve System of the United
States.

     

    “Fund”
means any Person (other than a natural person) that is (or will be) engaged in
making, purchasing, holding or otherwise investing in commercial loans and
similar extensions of credit in the ordinary course of its
activities.

     

    “GAAP”
means generally accepted accounting principles in the United States set forth in
the opinions and pronouncements of the Accounting Principles Board and the
American Institute of Certified Public Accountants and statements and
pronouncements of the Financial Accounting Standards Board or such other
principles as may be approved by a significant segment of the accounting
profession in the United States, that are applicable to the circumstances as of
the date of determination, consistently applied.

     

    “Governmental
Authority” means the government of the United States or any other nation,
or of any political subdivision thereof, whether state or local, and any agency,
authority, instrumentality, regulatory body, court, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government (including any
supra-national bodies such as the European Union or the European Central
Bank).

     

    “Granting
Lender” has the meaning specified in Section
10.06(h).

     

    “Guarantee”
means, as to any Person, (a) any obligation, contingent or otherwise, of such
Person guaranteeing or having the economic effect of guaranteeing any Debt or
other obligation payable or performable by another Person (the “primary
obligor”) in any manner, whether directly or indirectly, and including any
obligation of such Person, direct or indirect, (i) to purchase or pay (or
advance or supply funds for the purchase or payment of) such Debt or other
obligation, (ii) to purchase or lease property, securities or services for the
purpose of assuring the obligee in respect of such Debt or other obligation of
the payment or performance of such Debt or other obligation, (iii) to maintain
working capital, equity capital or any other financial statement condition or
liquidity or level of income or cash flow of the primary obligor so as to enable
the primary obligor to pay such Debt or other obligation, or (iv) entered into
for the purpose of assuring in any other manner the obligee in respect of such
Debt or other obligation of the payment or performance thereof or to protect
such obligee against loss in respect thereof (in whole or in part), or (b) any
Lien on any assets of such Person securing any Debt or other obligation of any
other Person, whether or not such Debt or other obligation is assumed by such
Person (or any right, contingent or otherwise, of any holder of such Debt to
obtain any such Lien).  The amount of any Guarantee shall be deemed to
be an amount equal to the stated or determinable amount of the related primary
obligation, or portion thereof, in respect of which such Guarantee is made or,
if not stated or determinable, the maximum reasonably anticipated liability in
respect thereof as determined by the guaranteeing Person in good
faith.  The term “Guarantee” as a verb has a corresponding
meaning.

     

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    “Guarantied
Obligations” means, collectively, (a) the Obligations, (b) all Swap
Obligations owed to any Guarantied Party, (c) all Cash Management Obligations,
(d) any and all out-of-pocket expenses (including, without limitation, expenses
and reasonable counsel fees and expenses of any Guarantied Party) incurred by
any Guarantied Party in enforcing its rights under this Agreement, any other
Loan Document, or any Swap Contract or in respect of any Cash Management
Obligations, and (e) all present and future amounts in respect of the foregoing
that would become due but for the operation of any provision of Debtor Relief
Laws, and all present and future accrued and unpaid interest in respect of the
foregoing, including, without limitation, post-petition interest if any Loan
Party voluntarily or involuntarily becomes subject to any Debtor Relief
Laws.

     

    “Guarantied
Parties” means, collectively, (a) the Administrative Agent, (b) the
Lenders, (c) any Lender or any Affiliate of any Lender that is a party to any
Swap Contract with the Borrower or any Subsidiary of the Borrower, (d) any
Lender or any Affiliate of any Lender that is owed any Cash Management
Obligation (provided that at the time such Cash Management Obligations arose
such Lender is a party to the Credit Agreement), and (e) the beneficiaries of
each indemnification obligation undertaken by any Loan Party under any Loan
Document; provided that any Person that ceases to be a Lender (and any Affiliate
of such Person) shall be a Guarantied Party only with respect to transactions
under Swap Contracts that were entered into during or prior to the time that
such Person was a Lender.

     

    “Guarantors”
means, collectively,
each Material Domestic Subsidiary including, without limitation, each Subsidiary
listed on Schedule
5.13 hereto.

     

    “Guaranty”
means the Guaranty made by the Guarantors, substantially in the form of
Exhibit
C, and shall include any Guaranty
Supplement executed thereto and defined therein.

     

    “Hazardous
Materials” means all explosive or radioactive substances or wastes and
all hazardous or toxic substances, wastes or other pollutants, including
petroleum or petroleum distillates, asbestos or asbestos-containing materials,
polychlorinated biphenyls, radon gas, infectious or medical wastes and all other
substances or wastes of any nature regulated pursuant to any Environmental
Law.

     

    “Highest Lawful
Rate” means at the particular time in question the maximum rate of
interest which, under Applicable Law, any Lender is then permitted to charge on
the Obligations.  If the maximum rate of interest which, under
Applicable Law, any Lender is permitted to charge on the Obligations shall
change after the date hereof, the Highest Lawful Rate shall be automatically
increased or decreased, as the case may be, from time to time as of the
effective time of each change in the Highest Lawful Rate without notice to the
Borrower.  For purposes of determining the Highest Lawful Rate under
Applicable Law, on each day, if any, that Chapter 303 of the Texas Finance Code
establishes the Highest Lawful Rate, such rate shall be the weekly ceiling
computed in accordance with Section 303.003 for that day.

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    “Honor
Date” has the meaning specified in Section
2.03(c)(i).

     

    “Impacted
Lender” means (a) a Defaulting Lender or (b) a Lender as to which (i) the
L/C Issuer has a good faith belief that such Lender has defaulted in fulfilling
its obligations under one or more syndicated credit facilities or (ii) an entity
that Controls such Lender has been deemed insolvent or becomes subject to any
Debtor Relief Laws.

     

    “Increase
Effective Date” has the meaning specified in Section
2.14(d).

     

    “Indemnified
Taxes” means Taxes other than Excluded Taxes.

     

    “Indemnitees”
has the meaning specified in Section
10.04(b).

     

    “Information”
has the meaning specified in Section
10.07.

     

    “Interest
Expense” means, for any period of calculation, calculated for the
Borrower and its Subsidiaries on a consolidated basis determined in accordance
with GAAP, interest expense (including interest expense pursuant to Capitalized
Lease Obligations) for such period.

     

    “Interest
Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the
last day of each Interest Period applicable to such Loan and the Maturity Date;
provided,
however,
that if any Interest Period for a Eurodollar Rate Loan exceeds three months, the
respective dates that fall every three months after the beginning of such
Interest Period shall also be Interest Payment Dates; and (b) as to any Base
Rate Loan (including a Swing Line Loan), the first Business Day of each month
and the Maturity Date.

     

    “Interest
Period” means, as to each Eurodollar Rate Loan, the period commencing on
the date such Eurodollar Rate Loan is disbursed or converted to or continued as
a Eurodollar Rate Loan and ending on the date one, two, three or six months
thereafter, as selected by the Borrower in its Revolving Loan Notice; provided
that:

     

    (i)           any
Interest Period that would otherwise end on a day that is not a Business Day
shall be extended to the next succeeding Business Day unless such Business Day
falls in another calendar month, in which case such Interest Period shall end on
the next preceding Business Day;

     

    (ii)           any
Interest Period that begins on the last Business Day of a calendar month (or on
a day for which there is no numerically corresponding day in the calendar month
at the end of such Interest Period) shall end on the last Business Day of the
calendar month at the end of such Interest Period; and

     

    (iii)           no
Interest Period shall extend beyond the Maturity Date.

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    “Internal
Control Event” means a material weakness in, or material fraud that
involves management or other employees who have a significant role in, the
Borrower’s internal controls over financial reporting, in each case as described
in the Securities Laws.

     

    “Inventory”
has the meaning given to such term in the UCC, including all goods intended for
sale, lease, display or demonstration; all work in process; and all raw
materials (including Aggregates), and other materials and supplies of any kind
that are or could be used in connection with the manufacture, printing, packing,
shipping, advertising, sale, lease or furnishing of such goods, or otherwise
used or consumed in the Borrower’s business (but excluding
equipment).

     

    “Inventory
Formula Amount” means the lesser of (i) 65% of the Value of Eligible
Inventory; or (ii) 85% of the NOLV Percentage of the Value of Eligible
Inventory.

     

    “Inventory
Reserve” means a reserve established by the Administrative Agent from
time to time in its Credit Judgment to reflect factors that may negatively
impact the Value of Inventory, including change in salability, obsolescence,
seasonality, theft, shrinkage, imbalance, change in composition or mix,
markdowns and vendor chargebacks.

     

    “Investment”
means, as to any Person, any direct or indirect acquisition or investment by
such Person of or in another Person, whether by means of (a) the purchase or
other acquisition of capital stock or other securities of another Person, (b) a
loan, advance or capital contribution to, Guarantee or assumption of debt of, or
purchase or other acquisition of any other debt or Equity Interest in, another
Person, including any partnership or joint venture interest in such other Person
and any arrangement pursuant to which the investor Guarantees Debt of such other
Person, or (c) the purchase or other acquisition (in one transaction or a series
of transactions) of assets of another Person that constitute a business
unit.  For purposes of covenant compliance, the amount of any
Investment shall be the amount actually invested, without adjustment for
subsequent increases or decreases in the value of such Investment.

     

    “IP
Rights” has the meaning specified in Section
5.17.

     

    “IRS”
means the United States Internal Revenue Service.

     

    “ISP”
means, with respect to any Letter of Credit, the “International Standby
Practices 1998” published by the Institute of International Banking Law &
Practice (or such later version thereof as may be in effect at the time of
issuance).

     

    “Issuer
Documents” means with respect to any Letter of Credit, the Letter of
Credit Application, and any other document, agreement and instrument entered
into by the L/C Issuer and the Borrower or in favor of the L/C Issuer and
relating to any such Letter of Credit.

     

    “Laws”
means, collectively, all international, foreign, Federal, state and local
statutes, treaties, rules, guidelines, regulations, ordinances, codes and
administrative or judicial precedents or authorities, including the
interpretation or administration thereof by any Governmental Authority charged
with the enforcement, interpretation or administration thereof, and all
applicable administrative orders, directed duties, requests, licenses,
authorizations and permits of, and agreements with, any Governmental Authority,
in each case whether or not having the force of law.

     

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

    “L/C
Advance” means, with respect to each Lender, such Lender’s funding of its
participation in any L/C Borrowing in accordance with its Applicable
Percentage.

     

    “L/C
Borrowing” means an extension of credit resulting from a drawing under
any Letter of Credit which has not been reimbursed on the date when made or
refinanced as a Revolving Borrowing.

     

    “L/C Credit
Extension” means, with respect to any Letter of Credit, the issuance
thereof or extension of the expiry date thereof, or the increase of the amount
thereof.

     

    “L/C
Issuer” means Bank of America in its capacity as issuer of Letters of
Credit hereunder, or any successor issuer of Letters of Credit
hereunder.

     

    “L/C
Obligations” means, as at any date of determination, the aggregate amount
available to be drawn under all outstanding Letters of Credit plus
the aggregate of all Unreimbursed Amounts, including all L/C Borrowings, plus
all fees and other amounts due and owing with respect to Letters of
Credit.  For purposes of computing the amount available to be drawn
under any Letter of Credit, the amount of such Letter of Credit shall be
determined in accordance with Section
1.06.  For all purposes of this Agreement, if on any
date of determination a Letter of Credit has expired by its terms but any amount
may still be drawn thereunder by reason of the operation of Rule 3.14 of the
ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so
remaining available to be drawn.

     

    “Lender”
has the meaning specified in the introductory paragraph hereto and, as the
context requires, includes the Swing Line Lender.

     

    “Lending
Office” means, as to any Lender, the office or offices of such Lender
described as such in such Lender’s Administrative Questionnaire, or such other
office or offices as a Lender may from time to time notify the Borrower and the
Administrative Agent.

     

    “Letter of
Credit” means any letter of credit issued hereunder, and shall include
the Existing Letters of Credit.  A Letter of Credit may be a
commercial letter of credit or a standby letter of credit.

     

    “Letter of
Credit Application” means an application and agreement for the issuance
or amendment of a Letter of Credit in the form from time to time in use by the
L/C Issuer.

     

    “Letter of
Credit Expiration Date” means the day that is seven days prior to the
Maturity Date then in effect (or, if such day is not a Business Day, the next
preceding Business Day).

     

    “Letter of
Credit Fee” has the meaning specified in Section
2.03(i).

     

    “Letter of
Credit Sublimit” means an amount equal to $50,000,000.  The
Letter of Credit Sublimit is part of, and not in addition to, the Aggregate
Commitments.

     

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

    “Leverage
Ratio” means, as of any date of determination, for the Borrower and its
Subsidiaries consolidated in accordance with GAAP, the ratio of (a) Total Debt
as of such date of determination to (b) EBITDA for the most recent four
consecutive fiscal quarters ending on or before such date of
determination.

     

    “Lien”
means any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge, or preference, priority or other
security interest or preferential arrangement in the nature of a security
interest of any kind or nature whatsoever (including any conditional sale or
other title retention agreement, any easement, right of way or other encumbrance
on title to real property, and any financing lease having substantially the same
economic effect as any of the foregoing).

     

    “Lien
Waiver” means an agreement, in form and substance satisfactory to the
Administrative Agent, by which (a) for any material Borrowing Base Collateral
located on leased premises, the lessor waives or subordinates any Lien it may
have on such Collateral, and agrees to permit the Administrative Agent to enter
upon the premises and remove such Collateral or to use the premises to store or
dispose of such Collateral; (b) for any material Borrowing Base Collateral held
by a warehouseman, processor, shipper, customs broker or freight forwarder, such
Person waives or subordinates any Lien it may have on such Collateral, agrees to
hold any documents in its possession relating to such Collateral as agent for
the Administrative Agent, and agrees to deliver such Collateral to the
Administrative Agent upon request; (c) for any material Borrowing Base
Collateral held by a repairman, mechanic or bailee, such Person acknowledges the
Administrative Agent’s Lien, waives or subordinates any Lien it may have on such
Collateral, and agrees to deliver such Collateral to the Administrative Agent
upon request; and (d) for any material Borrowing Base Collateral subject to a
licensor’s intellectual property rights, the licensor grants to the
Administrative Agent the right, vis-à-vis such licensor, to enforce the
Administrative Agent’s Liens with respect to such Collateral, including the
right to dispose of it with the benefit of the intellectual property, whether or
not a default exists under any applicable license.

     

    “Loan”
means an extension of credit by a Lender to the Borrower under Article
II in the form of a Revolving Loan or
a Swing Line Loan.

     

    “Loan
Documents” means this Agreement, each Note, each Issuer Document, the Fee
Letter, the Guaranty, the Collateral Documents, and any other agreement or
document executed, delivered or performable by any Loan Party in connection
herewith.

     

    “Loan
Parties” means, collectively, the Borrower and each
Guarantor.

     

    “Material
Adverse Effect” means (a) a material adverse change in, or a material
adverse effect upon, the operations, business, properties, liabilities (actual
or contingent) or condition (financial or otherwise) of the Borrower or the
Borrower and its Subsidiaries taken as a whole; (b) a material impairment of the
ability of the Loan Parties, taken as a whole, to perform their obligations
under the Loan Documents; (c) a material adverse effect upon the legality,
validity, binding effect or enforceability against any Loan Party of any Loan
Document to which it is a party; or (d) a material adverse effect on the
validity, perfection or priority of a Lien in favor of the Administrative Agent
for the benefit of the Secured Parties on any material portion of the
Collateral.

     

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

    “Material
Domestic Subsidiary” means any Domestic Subsidiary that has assets in
excess of $10,000.

     

    “Maturity
Date” means (a) August 15, 2012 or (b) such earlier date as (i) the
Obligations become due and payable pursuant to this Agreement (whether by
acceleration or otherwise) or (ii) there shall exist an Event of Default under
Section
8.01(f) of this Agreement.

     

    “Minimum
Covenant Threshold” means (a) the Fixed Charge Coverage Ratio is
greater than 1.10 to 1.00, and (b) Availability exceeds the greater of
$50,000,000 or 25% of the Aggregate Commitments.

     

    “Multiemployer
Plan” means any employee benefit plan of the type described in Section
4001(a)(3) of ERISA, to which the Borrower or any ERISA Affiliate makes or is
obligated to make contributions, or during the preceding five plan years, has
made or been obligated to make contributions.

     

    “Net Cash
Proceeds” means:

     

    (a)           with
respect to the sale of any asset by the Borrower or any Subsidiary, the excess,
if any, of (i) the sum of cash and cash equivalents received in connection with
such sale (including any cash received by way of deferred payment pursuant to,
or by monetization of, a note receivable or otherwise, but only as and when so
received) over (ii) the sum of (A) the principal amount of any Debt that is
secured by such asset and that is required to be repaid in connection with the
sale thereof (other than Debt under the Loan Documents), (B) the out-of-pocket
expenses incurred by the Borrower or any Subsidiary in connection with such sale
and (C) income taxes reasonably estimated to be actually payable within two
years of the date of the relevant asset sale as a result of any gain recognized
in connection therewith; and

     

    (b)           with
respect to the sale of any Equity Interest by the Borrower, the excess of (i)
the sum of the cash and cash equivalents received in connection with such sale
over (ii) the underwriting discounts and commissions, and other out-of-pocket
expenses, incurred by the Borrower in connection with such sale.

     

    “Net Recovery
Proceeds” means, with respect to any Recovery Event, the gross cash
proceeds (net of reasonable fees, costs and taxes actually incurred and paid (or
to be paid) in connection with such Recovery Event and any required permanent
payment of Debt (other than Debt secured pursuant to the Collateral Documents)
which is secured by the property that is the subject of such Recovery Event)
received by the respective Person in connection with such Recovery
Event.

     

    “NOLV”
means the net orderly liquidation value of Rolling Stock expected to be realized
at an orderly, negotiated sale held within a reasonable period of time, net of
all liquidation expenses, as determined from the most recent appraisal of the
Loan Parties’ Rolling Stock performed by an appraiser and on terms
reasonably satisfactory to the Administrative Agent.

     

    
      
         

      

      
        21

        
          

        

      

      
         

      

    

    “NOLV
Percentage” means the net orderly liquidation value of Inventory,
expressed as a percentage of Value expected to be realized at an orderly,
negotiated sale held within a reasonable period of time, net of all liquidation
expenses, as determined from the most recent appraisal of the Loan Parties’
Inventory performed by an appraiser and on terms reasonably satisfactory to the
Administrative Agent.

     

    “Non-Extension
Notice Date” has the meaning specified in Section
2.03(b)(iii).

     

    “Notes”
means collectively, the Revolving Loan Notes and the Swing Line
Note.

     

    “Obligations”
means all advances to, and debts, liabilities, obligations, covenants and duties
of, any Loan Party arising under any Loan Document or otherwise with respect to
any Loan or Letter of Credit, in each case whether direct or indirect (including
those acquired by assumption), absolute or contingent, due or to become due, now
existing or hereafter arising and including interest and fees that accrue after
the commencement by or against any Loan Party of any proceeding under any Debtor
Relief Laws naming such Person as the debtor in such proceeding, regardless of
whether such interest and fees are allowed claims in such
proceeding.

     

    “Off-Balance
Sheet Liabilities” means, with respect to any Person as of any date of
determination thereof, without duplication and to the extent not included as a
liability on the consolidated balance sheet of such Person and its Subsidiaries
in accordance with GAAP:  (a) with respect to any asset securitization
transaction (including any accounts receivable purchase facility) (i) the
unrecovered investment of purchasers or transferees of assets so transferred,
and (ii) any other payment, recourse, repurchase, hold harmless, indemnity or
similar obligation of such Person or any of its Subsidiaries in respect of
assets transferred or payments made in respect thereof, other than limited
recourse provisions that are customary for transactions of such type and that
neither (x) have the effect of limiting the loss or credit risk of such
purchasers or transferees with respect to payment or performance by the obligors
of the assets so transferred nor (y) impair the characterization of the
transaction as a true sale under applicable Laws (including Debtor Relief Laws);
(b) the monetary obligations under any financing lease or so-called “synthetic,”
tax retention or off-balance sheet lease transaction which, upon the application
of any Debtor Relief Law to such Person or any of its Subsidiaries, would be
characterized as indebtedness for borrowed money; (c) the monetary obligations
under any sale and leaseback transaction which does not create a liability on
the consolidated balance sheet of such Person and its Subsidiaries; (d) any
other monetary obligation arising with respect to any other transaction which
upon the application of any Debtor Relief Law to such Person or any of its
Subsidiaries, would be characterized as indebtedness for borrowed money, or (e)
any transaction structured to provide tax deductibility as interest expense of
any dividend or similar payment.

     

    
      
         

      

      
        22

        
          

        

      

      
         

      

    

    “Organization
Documents” means, (a) with respect to any corporation, the certificate or
articles of incorporation and the bylaws (or equivalent or comparable
constitutive documents with respect to any non-U.S. jurisdiction); (b) with
respect to any limited liability company, the certificate or articles of
formation or organization and operating agreement; and (c) with respect to any
partnership, joint venture, trust or other form of business entity, the
partnership, joint venture or other applicable agreement of formation or
organization and any agreement, instrument, filing or notice with respect
thereto filed in connection with its formation or organization with the
applicable Governmental Authority in the jurisdiction of its formation or
organization and, if applicable, any certificate or articles of formation or
organization of such entity.

     

    “Other
Taxes” means all present or future stamp or documentary taxes or any
other excise or property taxes, charges or similar levies arising from any
payment made hereunder or under any other Loan Document or from the execution,
delivery or enforcement of, or otherwise with respect to, this Agreement or any
other Loan Document.

     

    “Outstanding
Amount” means (i) with respect to Revolving Loans and Swing Line Loans on
any date, the aggregate outstanding principal amount thereof after giving effect
to any borrowings and prepayments or repayments of Revolving Loans and Swing
Line Loans, as the case may be, occurring on such date; and (ii) with respect to
any L/C Obligations on any date, the amount of such L/C Obligations on such date
after giving effect to any L/C Credit Extension occurring on such date and any
other changes in the aggregate amount of the L/C Obligations as of such date,
including as a result of any reimbursements by the Borrower of Unreimbursed
Amounts.

     

    “Overadvance”
means if the Total Outstandings at any time exceed the Borrowing
Base.

     

    “Overadvance
Loan” means a Loan made pursuant to Section
2.01(b) when an Overadvance exists or is caused by the
funding thereof.

     

    “Participant”
has the meaning specified in Section
10.06(d).

     

    “PBGC”
means the Pension Benefit Guaranty Corporation.

     

    “Pension
Plan” means any “employee pension benefit plan” (as such term is defined
in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to
Title IV of ERISA and is sponsored or maintained by the Borrower or any ERISA
Affiliate or to which the Borrower or any ERISA Affiliate contributes or has an
obligation to contribute, or in the case of a multiple employer or other plan
described in Section 4064(a) of ERISA, has made contributions at any time during
the immediately preceding five plan years.

     

    “Permitted
Liens” means, as applied to any Person:

     

    (a)           any
Lien in favor of the Administrative Agent to secure the Secured Obligations
(including, without limitation, L/C Obligations, obligations in respect of Swap
Contracts and Cash Management Obligations, to the extent included within the
definition of Secured Obligations);

     

    
      
         

      

      
        23

        
          

        

      

      
         

      

    

    (b)           (i)
Liens on real estate for real estate taxes not yet delinquent, (ii) Liens on
leasehold interests created by the lessor in favor of any mortgagee of the
leased premises, and (iii) Liens for taxes, assessments, governmental charges,
levies or claims that are being diligently contested in good faith by
appropriate proceedings and for which adequate reserves shall have been set
aside on such Person’s books, but only so long as no foreclosure, restraint,
sale or similar proceedings have been commenced with respect
thereto;

     

    (c)           Liens
of carriers, landlords, warehousemen, mechanics, laborers and materialmen and
other similar Liens incurred in the ordinary course of business for sums not yet
due or being contested in good faith, if such reserve or appropriate provision,
if any, as shall be required by GAAP shall have been made
therefore;

     

    (d)           Liens
incurred in the ordinary course of business in connection with worker’s
compensation, unemployment insurance or similar legislation, other than Liens
imposed by ERISA;

     

    (e)           Easements,
right-of-way, restrictions and other similar encumbrances on real property which
do not materially interfere with the ordinary conduct of the business of such
Person;

     

    (f)           Liens
created to secure Debt permitted by Section
7.03(d), which is incurred solely for the purpose of financing the
acquisition or construction of equipment, real property or other fixed assets
and incurred at the time of acquisition or construction, so long as each such
Lien shall at all times be confined solely to the asset or assets so acquired or
constructed (and proceeds thereof), and refinancings thereof so long as any such
Lien remains solely on the asset or assets acquired or constructed and the
amount of Debt related thereto is not increased.

     

    (g)           Liens
in respect of judgments or awards for which appeals or proceedings for review
are being prosecuted and in respect of which a stay of execution upon any such
appeal or proceeding for review shall have been secured, provided that (i) such
Person shall have established adequate reserves for such judgments or awards,
(ii) such judgments or awards shall be fully insured and the insurer shall not
have denied coverage, or (iii) such judgments or awards shall have been bonded
to the reasonable satisfaction of the Administrative Agent;

     

    (h)           Any
Liens existing on the Closing Date which are described on Schedule
7.01 and which are acceptable to the Lenders, and Liens
resulting from the refinancing of the related Debt, provided that the Debt
secured thereby shall not be increased and the Liens shall not cover additional
assets of the Borrower or any Subsidiary;

     

    (i)           Liens
filed of record out of an abundance of caution by lessors of personal property,
so long as each such Lien shall at all times be confined solely to the asset or
assets so leased (including additions and accessions thereto and proceeds of
insurance thereon); and

     

    
      
         

      

      
        24

        
          

        

      

      
         

      

    

    (j)           Liens
that secure Debt permitted by Section
7.03(k); provided, that such Liens (i) do not attach to any of the
Borrowing Base Collateral and (ii) with respect to any other Collateral, are
junior in priority to the Administrative Agent’s Lien
thereon.

     

    “Person”
means any natural person, corporation, limited liability company, trust, joint
venture, association, company, partnership, Governmental Authority or other
entity.

     

    “Petty Cash
Accounts” mean one or more deposit accounts maintained by the Loan
Parties for the petty cash needs of their local operations.

     

    “Plan”
means any “employee benefit plan” (as such term is defined in Section 3(3) of
ERISA) established by the Borrower or, with respect to any such plan that is
subject to Section 412 of the Code or Title IV
of ERISA, any ERISA Affiliate.

     

    “Platform”
has the meaning specified in Section
6.02.

     

    “Public
Lender” has the meaning specified in Section
6.02.

     

    “Recovery
Event” means the receipt by any Loan Party of any cash insurance proceeds
or condemnation awards payable (a) by reason of theft, loss, physical
destruction, damage, taking or similar event with respect to any Collateral and
(b) under any policy of insurance required to be maintained under any Loan
Document.

     

    “Register”
has the meaning specified in Section
10.06(c).

     

    “Registered
Public Accounting Firm” has the meaning specified in the Securities Laws
and shall be independent of the Borrower as prescribed by the Securities
Laws.

     

    “Related
Parties” means, with respect to any Person, such Person’s Affiliates and
the partners, directors, officers, employees, agents and advisors of such Person
and of such Person’s Affiliates.

     

    “Release”
has the meaning specified under any Environmental Law.

     

    “Rent and
Charges Reserve” means the aggregate of (a) all past due rent and
other amounts owing by any Loan Party to any landlord, warehouseman, processor,
repairman, mechanic, shipper, freight forwarder, broker or other Person who
possesses any Borrowing Base Collateral or could assert a Lien on any such
Collateral; and (b) a reserve at least equal to three months rent and other
charges that could be payable to any such Person (unless it has executed a Lien
Waiver), in each case limited to the Value of such Borrowing Base
Collateral.

     

    “Reportable
Event” means any of the events set forth in Section 4043(c) of ERISA,
other than events for which the 30 day notice period has been
waived.

     

    “Request for
Credit Extension” means (a) with respect to a Revolving Borrowing or a
conversion or continuation of Revolving Loans, a Revolving Loan Notice, (b) with
respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with
respect to a Swing Line Loan, a Swing Line Loan Notice.

     

    
      
         

      

      
        25

        
          

        

      

      
         

      

    

    “Required
Lenders” means, as of any date of determination, Lenders having more than
50% of the Aggregate Commitments or, if the commitment of each Lender to make
Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have
been terminated pursuant to Section 8.02, Lenders holding in the aggregate more than 50% of the
Total Outstandings (with the aggregate amount of each Lender’s risk
participation and funded participation in L/C Obligations and Swing Line Loans
being deemed “held” by such Lender for purposes of this definition); provided
that the Commitment of, and the portion of the Total Outstandings held or deemed
held by, any Defaulting Lender shall be excluded for purposes of making a
determination of Required Lenders.

     

    “Response”
has the meaning specified under any Environmental Law.

     

    “Responsible
Officer” means the chief executive officer, president, chief financial
officer, chief accounting officer, treasurer or assistant treasurer of a Loan
Party.  Any document delivered hereunder that is signed by a
Responsible Officer of a Loan Party shall be conclusively presumed to have been
authorized by all necessary corporate, partnership and/or other action on the
part of such Loan Party and such Responsible Officer shall be conclusively
presumed to have acted on behalf of such Loan Party.

     

    “Restricted
Debt Payments” has the meaning specified in Section
7.15.

     

    “Restricted
Payment” means (i) any Dividend or other distribution (whether in cash,
securities or other property) with respect to any capital stock or other Equity
Interest of the Borrower or any Subsidiary, or (ii) any payment (whether in
cash, securities or other property), including any sinking fund or similar
deposit, on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of any such capital stock or other Equity Interest,
or on account of any return of capital to the Borrower’s stockholders, partners
or members (or the equivalent Person thereof).

     

    “Revolving
Borrowing” means a borrowing consisting of simultaneous Revolving Loans
of the same Type and, in the case of Eurodollar Rate Loans, having the same
Interest Period made by each of the Lenders pursuant to Section 2.01.

     

    “Revolving
Loan” has the meaning specified in Section 2.01 and includes any Overadvance
Loan.

     

    “Revolving Loan
Note” means a promissory note made by the Borrower in favor of a Lender
evidencing Revolving Loans made by such Lender, substantially in the form of
Exhibit
E.

     

    “Revolving Loan
Notice” means a notice of (a) a Revolving Borrowing, (b) a conversion of
Revolving Loans from one Type to the other, or (c) a continuation of Revolving
Loans, pursuant to Section
2.02(a) which, if in writing, shall be substantially in the
form of Exhibit
F.

     

    
      
         

      

      
        26

        
          

        

      

      
         

      

    

    “Rolling
Stock” means all locomotives, railcars, automobiles, trucks, trailers,
tractors, bulldozers, scrapers, loaders, forklifts and other motor vehicles and
mobile equipment of a Person.

     

    “Rolling Stock
Depreciation Amount” means an amount equal to the amount per month that
the Loan Parties depreciate the value of all Eligible Rolling Stock on their
books; provided, that if the Loan Parties’ depreciation methodology results in
an average life greater than five years for Eligible Rolling Stock, then the
Rolling Stock Depreciation Amount shall be an amount determined by the
Administrative Agent in its Credit Judgment.

     

    “Rolling Stock
Determination Date” means each date on which the Administrative Agent
receives a third party appraisal, in form and detail satisfactory to it,
calculating the NOLV of all Eligible Rolling Stock.

     

    “Rolling Stock
Formula Amount” means, as of any Rolling Stock Determination Date, the
lesser of (a) $30,000,000, or (b) 85% of the NOLV of Eligible Rolling Stock;
provided, that in the period between Rolling Stock Determination Dates the
Rolling Stock Formula Amount shall be (i) reduced on the first day of each month
by the Rolling Stock Depreciation Amount, (ii) reduced at the time of any
casualty or Disposition of Eligible Rolling Stock by the portion of the Rolling
Stock Formula Amount attributable to such Eligible Rolling Stock, (iii) reduced
at the time that any previously Eligible Rolling Stock is no longer Eligible
Rolling Stock by the portion of the Rolling Stock Formula Amount attributable to
such Eligible Rolling Stock, and (iv) increased by 85% of the purchase price
paid for any newly acquired Eligible Rolling Stock net of any discounts, rebates
or credits and excluding any fees, expenses, sales taxes, other taxes, delivery
charges and other “soft” costs.  Prior to the first Rolling Stock
Determination Date, the Rolling Stock Formula Amount shall be zero.

     

    “Rolling Stock
Reserve” means a reserve established by the Administrative Agent from
time to time in its Credit Judgment for the amount of all fees, taxes and other
amounts payable at the time in question in respect of all licenses,
registrations and other permits for Eligible Rolling Stock.

     

    “Royalty
Reserve” means a reserve established by the Administrative Agent from
time to time in its Credit Judgment for the amount of all the Loan Parties’
accrued and unpaid royalties owing to the owners of quarry, mine or pit sites
leased or operated by the Loan Parties.

     

    “Sarbanes-Oxley”
means the Sarbanes-Oxley Act of 2002.

     

    “SEC”
means the Securities and Exchange Commission, or any Governmental Authority
succeeding to any of its principal functions.

     

    
      
         

      

      
        27

        
          

        

      

      
         

      

    

    “Secured
Obligations” means, collectively, (a) the Obligations, (b) all Swap
Obligations owed to any Secured Party, (c) all Cash Management Obligations, and
(d) all present and future amounts in respect of the foregoing that would become
due but for the operation of any provision of Debtor Relief Laws, and all
present and future accrued and unpaid interest in respect of the foregoing,
including, without limitation, post-petition interest if any Loan Party
voluntarily or involuntarily becomes subject to any Debtor Relief Laws; provided,
however,
that for any of the Swap Obligations or the Cash Management Obligations to be
included as “Secured Obligations”, the applicable Secured Party and Loan Party
must have previously provided written notice to the Administrative Agent of (i)
the existence of such Swap Obligations or Cash Management Obligations, (ii) the
maximum dollar amount of obligations arising thereunder to be included as a Bank
Product Reserve (“Bank Product
Amount”), and (iii) the methodology to be used by such parties in
determining the amounts owing with respect thereto from time to
time.  No Bank Product Amount may be established or increased at any
time that a Default or Event of Default exists, or if a reserve in such amount
would cause an Overadvance.

     

    “Secured
Parties” means, collectively, (a) the Administrative Agent, (b) the
Lenders, (c) any Lender or any Affiliate of any Lender that is a party to any
Swap Contract with the Borrower or any Subsidiary of the Borrower, (d) any
Lender or any Affiliate of any Lender that is owed any Cash Management
Obligation (provided that at the time such Cash Management Obligations arose
such Lender is a party to the Credit Agreement), and (e) the beneficiaries of
each indemnification obligation undertaken by any Loan Party under any Loan
Document; provided that any Person that ceases to be a Lender (and any Affiliate
of such Person) shall be a Secured Party under the preceding
clause (c) only with respect to
transactions under Swap Contracts that were entered into during or prior to the
time that such Person was a Lender.

     

    “Securities
Laws” means the Securities Act of 1933, the Securities Exchange Act of
1934, Sarbanes-Oxley and the applicable accounting and auditing principles,
rules, standards and practices promulgated, approved or incorporated by the SEC
or the Public Company Accounting Oversight Board, as each of the foregoing may
be amended and in effect on any applicable date hereunder.

     

    “Security
Agreement” means the Amended and Restated Security Agreement executed by
the Borrower and its Material Domestic Subsidiaries in favor of the
Administrative Agent for the benefit of the Secured Parties, substantially in
the form of Exhibit
J.

     

    “Senior
Notes” means the 2005 Senior Notes and other unsecured senior notes of
the Borrower due 2013 or thereafter, provided that the terms (excluding interest
rates and fees, which, however shall be comparable to market interest rates and
fees charged to companies of financial condition similar to the Borrower at the
time such other senior notes are issued), provisions and covenants governing
such other senior notes taken as a whole (a) are not more restrictive on the
Borrower and its Subsidiaries than this Agreement and (b) do not provide greater
enforcement rights to the holder of such other senior notes than the enforcement
rights of the Administrative Agent and the Lenders under the Loan Documents;
provided that terms, provisions and covenants substantially the same as those in
the 2005 Indenture shall be deemed to satisfy the requirements of
clauses (a) and (b) of this definition.

     

    
      
         

      

      
        28

        
          

        

      

      
         

      

    

    “Solvent”
means, with respect to any Person, as of any date of determination, that the
fair value of the assets of such Person (at fair valuation) is, on the date of
determination, greater than the total amount of liabilities (including
contingent and unliquidated liabilities) of such Person as of such date, that
the present fair saleable value of the assets of such Person will, as of such
date, be greater than the amount that will be required to pay the probable
liability of such Person on its debts as such debts become absolute and matured,
and that, as of such date, such Person will be able to pay all liabilities of
such Person as such liabilities mature and such Person does not have
unreasonably small capital with which to carry on its business.  In
computing the amount of contingent or unliquidated liabilities at any time, such
liabilities will be computed at the amount which, in light of all the facts and
circumstances existing at such time, represents the amount that can reasonably
be expected to become an actual or matured liability discounted to present value
at rates believed to be reasonable by such Person acting in good
faith.

     

    “SPC”
has the meaning specified in Section
10.06(h).

     

    “Subordinated
Debt” means all Debt of the Borrower or any Subsidiary which shall be
subordinated, on terms satisfactory to the Required Lenders, to the
Obligations.

     

    “Subsidiary”
of a Person means a corporation, partnership, joint venture, limited liability
company or other business entity of which a majority of the shares of securities
or other interests having ordinary voting power for the election of directors or
other governing body (other than securities or interests having such power only
by reason of the happening of a contingency) are at the time beneficially owned,
or the management of which is otherwise controlled, directly, or indirectly
through one or more intermediaries, or both, by such Person.  Unless
otherwise specified, all references herein to a “Subsidiary” or to
“Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the
Borrower.

     

    “Swap
Contract” means (a) any and all rate swap transactions, basis swaps,
credit derivative transactions, forward rate transactions, commodity swaps,
commodity options, forward commodity contracts, equity or equity index swaps or
options, bond or bond price or bond index swaps or options or forward bond or
forward bond price or forward bond index transactions, interest rate options,
forward foreign exchange transactions, cap transactions, floor transactions,
collar transactions, currency swap transactions, cross-currency rate swap
transactions, currency options, or any other similar transactions or any
combination of any of the foregoing (including any options to enter into any of
the foregoing), whether or not any such transaction is governed by or subject to
any master agreement, and (b) any and all transactions of any kind, and the
related confirmations, which are subject to the terms and conditions of, or
governed by, any form of master agreement published by the International Swaps
and Derivatives Association, Inc., any International Foreign Exchange Master
Agreement, or any other master agreement to the extent governing contracts of
the kinds described in clause (a) of
this definition (any such master agreement, together with any related schedules,
a “Master
Agreement”), including any such obligations or liabilities under any
Master Agreement.

     

    “Swap
Obligations” means any and all obligations under or in connection with or
otherwise owed by the Borrower or any Subsidiary to any Lender or any Affiliate
of a Lender in respect of a Swap Contract.

     

    “Swap
Termination Value” means, in respect of any one or more Swap Contracts,
after taking into account the effect of any legally enforceable netting
agreement relating to such Swap Contracts, (a) for any date on or after the date
such Swap Contracts have been closed out and termination value(s) determined in
accordance therewith, such termination value(s), and (b) for any date prior to
the date referenced in clause (a), the
amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as
determined based upon one or more mid-market or other readily available
quotations provided by any recognized dealer in such Swap Contracts (which may
include a Lender or any Affiliate of a Lender).

    
      
         

      

      
        29

        
          

        

      

      
         

      

    

    “Swing
Line” means the revolving credit facility made available by the Swing
Line Lender pursuant to Section
2.04.

     

    “Swing Line
Borrowing” means a borrowing of a Swing Line Loan pursuant to Section
2.04.

     

    “Swing Line
Lender” means Bank of America in its capacity as provider of Swing Line
Loans, or any successor swing line lender hereunder.

     

    “Swing Line
Loan” has the meaning specified in Section
2.04(a).

     

    “Swing Line
Loan Notice” means a notice of a Swing Line Borrowing pursuant to Section
2.04(b) which, if in writing, shall be substantially in the
form of Exhibit
G.

     

    “Swing Line
Note” means a promissory note made by the Borrower in favor of the Swing
Line Lender evidencing Swing Line Loans made by such Swing Line Lender,
substantially in the form of Exhibit
H.

     

    “Swing Line
Sublimit” means an amount equal to the lesser of (a) $15,000,000 and (b)
the Aggregate Commitments.  The Swing Line Sublimit is part of, and
not in addition to, the Aggregate Commitments.

     

    “Syndication
Agent” means UBS Securities LLC, in its capacity as syndication agent
under any of the Loan Documents, or any successor syndication
agent.

     

    “Synthetic
Lease Obligation” means the monetary obligation of a Person under (a) a
so-called synthetic, off-balance sheet or tax retention lease, or (b) an
agreement for the use or possession of property creating obligations that do not
appear on the balance sheet of such Person but which, upon the insolvency or
bankruptcy of such Person, would be characterized as the indebtedness of such
Person (without regard to accounting treatment).

     

    “Tax
Reserve” means a reserve established by the Administrative Agent from
time to time in its Credit Judgment for the amount of all the Loan Parties’
accrued and unpaid sales, use and excise taxes.

     

    “Taxes”
means all present or future taxes, levies, imposts, duties, deductions,
withholdings, assessments, fees or other charges imposed by any Governmental
Authority, including any interest, additions to tax or penalties applicable
thereto.

     

    “Total
Debt” means, as of any date of determination, determined for the Borrower
and its Subsidiaries on a consolidated basis determined in accordance with GAAP,
the sum (without duplication) of (a) all principal outstanding under the Loan
Documents, (b) all principal obligations evidenced by a promissory note or
otherwise representing borrowed money, (c) all reimbursement obligations for
letters of credit that have been drawn upon and remain outstanding, and (d) all
Capitalized Lease Obligations.

     

    
      
         

      

      
        30

        
          

        

      

      
         

      

    

    “Total
Outstandings” means the aggregate Outstanding Amount of all Loans and all
L/C Obligations.

     

    “Trigger
Period” means any of the following periods: (a) any period commencing on
the day that an Event of Default occurs and ending on the day that all Events of
Default are cured or waived, and (b) any period commencing on the day that
Availability is less than the greater of $40,000,000 or 20% of the Aggregate
Commitments at any time and continuing until, during the preceding 60
consecutive days, Availability has been equal to or exceeded the greater of
$40,000,000 or 20% of the Aggregate Commitments at all times.

     

    “2005
Indenture” means that certain Indenture, dated as of July 6, 2005, among
the Borrower, certain Subsidiaries of the Borrower and Wells Fargo Bank,
National Association, as trustee, providing for the issuance of the 2005 Senior
Notes.

     

    “2005 Senior
Notes” means those certain 7.25% Senior Notes due 2013 of the Borrower
issued pursuant to the 2005 Indenture.

     

    “Type”
means, with respect to a Loan, its character as a Base Rate Loan or a Eurodollar
Rate Loan.

     

    “UCC”
means the Uniform Commercial Code of Texas or, where applicable to specific
collateral, any other relevant state.

     

    “Unfunded
Pension Liability” means the excess of a Pension Plan’s benefit
liabilities under Section 4001(a)(16) of ERISA, over the current value of that
Pension Plan’s assets, determined in accordance with the assumptions used for
funding the Pension Plan pursuant to Section 412 of the Code for the applicable
plan year.

     

    “United
States” and “U.S.”
mean the United States of America.

     

    “Unreimbursed
Amount” has the meaning specified in Section
2.03(c)(i).

     

    “Value”
means (a) for Inventory other than Aggregates, its value determined on the
basis of the lower of cost or market, calculated on a first-in, first-out basis,
and excluding any portion of cost attributable to intercompany profit among the
Borrower and its Affiliates; (b) for Inventory consisting of Aggregates, its
fair market value (provided, that if following the Closing Date the Borrower
carries Aggregates on its balance sheet, then the Value of Inventory consisting
of Aggregates shall be the lower of cost or market); and (c) for an Account, its
face amount, net of any returns, rebates, discounts (calculated on the shortest
terms), credits, allowances or Taxes (including sales, excise or other taxes)
that have been or could be claimed by the Account Debtor or any other
Person.

     

    
      
         

      

      
        31

        
          

        

      

      
         

      

    

    “Wholly-Owned
Subsidiary” when used to determine the relationship of a Subsidiary to a
Person, means a Subsidiary all of the issued and outstanding Equity Interests
(other than directors’ qualifying shares) of which shall at the time be owned by
such Person or one or more of such Person’s Wholly-Owned Subsidiaries or by such
Person and one or more of such Person’s Wholly-Owned Subsidiaries.

     

    1.02     Other Interpretive
Provisions.  With reference to this Agreement and each other
Loan Document, unless otherwise specified herein or in such other Loan
Document:

     

    (a)           The
definitions of terms herein shall apply equally to the singular and plural forms
of the terms defined.  Whenever the context may require, any pronoun
shall include the corresponding masculine, feminine and neuter
forms.  The words “include,”
“includes”
and “including”
shall be deemed to be followed by the phrase “without
limitation.”  The word “will”
shall be construed to have the same meaning and effect as the word “shall.”  Unless
the context requires otherwise, (i) any definition of or reference to any
agreement, instrument or other document (including any Organization Document)
shall be construed as referring to such agreement, instrument or other document
as from time to time amended, supplemented or otherwise modified (subject to any
restrictions on such amendments, supplements or modifications set forth herein
or in any other Loan Document), (ii) any reference herein to any Person shall be
construed to include such Person’s successors and assigns, (iii) the words
“herein,”
“hereof”
and “hereunder,”
and words of similar import when used in any Loan Document, shall be construed
to refer to such Loan Document in its entirety and not to any particular
provision thereof, (iv) all references in a Loan Document to Articles, Sections,
Exhibits and Schedules shall be construed to refer to Articles and Sections of,
and Exhibits and Schedules to, the Loan Document in which such references
appear, (v) any reference to any law shall include all statutory and regulatory
provisions consolidating, amending, replacing or interpreting such law and any
reference to any law or regulation shall, unless otherwise specified, refer to
such law or regulation as amended, modified or supplemented from time to time,
and (vi) the words “asset”
and “property”
shall be construed to have the same meaning and effect and to refer to any and
all tangible and intangible assets and properties, including cash, securities,
accounts and contract rights.

     

    (b)           In
the computation of periods of time from a specified date to a later specified
date, the word “from”
means “from and
including;” the words “to” and
“until”
each mean “to but
excluding;” and the word “through”
means “to and
including.”

     

    (c)           Section
headings herein and in the other Loan Documents are included for convenience of
reference only and shall not affect the interpretation of this Agreement or any
other Loan Document.

     

    1.03     Accounting
Terms.

     

    (a)           Generally.  All
accounting terms not specifically or completely defined herein shall be
construed in conformity with, and all financial data (including financial ratios
and other financial calculations) required to be submitted pursuant to this
Agreement shall be prepared in conformity with, GAAP applied on a consistent
basis, as in effect from time to time, applied in a manner consistent with that
used in preparing the Audited Financial Statements, except
as otherwise specifically prescribed herein.

     

    
      
         

      

      
        32

        
          

        

      

      
         

      

    

    (b)           Changes in
GAAP.  If at any time any change in GAAP would affect the
computation of any financial ratio or requirement set forth in any Loan
Document, and either the Borrower or the Required Lenders shall so request, the
Administrative Agent, the Lenders and the Borrower shall negotiate in good faith
to amend such ratio or requirement to preserve the original intent thereof in
light of such change in GAAP (subject to the approval of the Required Lenders);
provided
that,
until so amended, (i) such ratio or requirement shall continue to be computed in
accordance with GAAP prior to such change therein and (ii) the Borrower shall
provide to the Administrative Agent and the Lenders financial statements and
other documents required under this Agreement or as reasonably requested
hereunder setting forth a reconciliation between calculations of such ratio or
requirement made before and after giving effect to such change in
GAAP.

     

    1.04     Rounding.  Any
financial ratios required to be maintained by the Borrower pursuant to this
Agreement shall be calculated by dividing the appropriate component by the other
component, carrying the result to one place more than the number of places by
which such ratio is expressed herein and rounding the result up or down to the
nearest number (with a rounding-up if there is no nearest number).

     

    1.05     Times of
Day.  Unless otherwise specified, all references herein to
times of day shall be references to Central time (daylight or standard, as
applicable).

     

    1.06     Letter of Credit
Amounts.  Unless otherwise specified herein, the amount of a
Letter of Credit at any time shall be deemed to be the stated amount of such
Letter of Credit in effect at such time; provided,
however,
that with respect to any Letter of Credit that, by its terms or the terms of any
Issuer Document related thereto, provides for one or more automatic increases in
the stated amount thereof, the amount of such Letter of Credit shall be deemed
to be the maximum stated amount of such Letter of Credit after giving effect to
all such increases, whether or not such maximum stated amount is in effect at
such time.

     

    ARTICLE
II.

     

    THE
COMMITMENTS AND CREDIT EXTENSIONS

     

    2.01     Revolving
Loans.

     

    (a)           Subject
to the terms and conditions set forth herein, each Lender severally agrees to
make loans (each such loan, a “Revolving
Loan”) to the Borrower from time to time, on any Business Day during the
Availability Period, in an aggregate amount not to exceed at any time
outstanding the amount of such Lender’s Commitment; provided,
however,
that after giving effect to any Revolving Borrowing, (i) the Total Outstandings
shall not exceed the Borrowing Base, and (ii) the aggregate Outstanding Amount
of the Revolving Loans of any Lender, plus
such Lender’s Applicable Percentage of the Outstanding Amount of all L/C
Obligations, plus
such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line
Loans shall not exceed such Lender’s Commitment.  Within the limits of
the Borrowing Base, and subject to the other terms and conditions hereof, the
Borrower may borrow under this Section
2.01, prepay under Section
2.05, and reborrow under this Section
2.01.  Revolving Loans may be Base Rate Loans or
Eurodollar Rate Loans, as further provided herein.

     

    
      
         

      

      
        33

        
          

        

      

      
         

      

    

    (b)           Notwithstanding
Section
2.01(a)(i) to the contrary and unless its authority to do so has
been revoked by the Required Lenders, the Administrative Agent may require
Lenders to honor requests for Overadvance Loans and to forbear from requiring
the Borrower to cure an Overadvance, (i) when no other Default exists, as long
as (w) the Overadvance does not continue for more than 30 consecutive days (and
no Overadvance may exist for at least five consecutive days thereafter before
further Overadvance Loans are required), and (x) the Overadvance does not exceed
10% of the Borrowing Base; and (ii) regardless of whether a Default exists, if
the Administrative Agent discovers an Overadvance not previously known by it to
exist, as long as from the date of such discovery the Overadvance (y) is not
increased by more than $2,000,000, and (z) does not continue for more than 30
consecutive days.  In no event shall Overadvance Loans be required
that would cause the Total Outstandings to exceed the Aggregate
Commitments.  Any funding of an Overadvance Loan or sufferance of an
Overadvance shall not constitute a waiver by the Administrative Agent or Lenders
of the Default caused thereby.  The Administrative Agent may require
the Borrower to repay an Overadvance at any time in accordance with Section 2.05(c).  In no event shall the Borrower or any other
Loan Party be deemed a beneficiary of this Section nor authorized to enforce any
of its terms.  Overadvance Loans may only be Base Rate
Loans.

     

    2.02     Borrowings, Conversions
and Continuations of Loans.

     

    (a)           Each
Borrowing, each conversion of Loans from one Type to the other, and each
continuation of Eurodollar Rate Loans shall be made upon the Borrower’s
irrevocable notice to the Administrative Agent, which may be given by telephone
or another means permitted by Section
10.02.  Each such notice must be received by the
Administrative Agent not later than 11:00 a.m. (i) three Business Days prior to
the requested date of any Borrowing of, conversion to or continuation of
Eurodollar Rate Loans or of any conversion of Eurodollar Rate Loans to Base Rate
Loans, and (ii) on the requested date of any Borrowing of Base Rate
Loans.  Each telephonic notice by the Borrower pursuant to this Section
2.02(a) must be confirmed promptly by delivery to the
Administrative Agent of a written Revolving Loan Notice, appropriately completed
and signed by a Responsible Officer of the Borrower.  Each Borrowing
of, conversion to or continuation of Eurodollar Rate Loans shall be in a
principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess
thereof.  Except as provided in Sections
2.03(c) and 2.04(c), each Borrowing of or conversion to Base Rate Loans shall
be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess
thereof.  Each Revolving Loan Notice (whether telephonic or written),
shall specify (A) whether the Borrower is requesting a Borrowing, a conversion
of Loans from one Type to the other, or a continuation of Eurodollar Rate Loans,
(B) the requested date of the Borrowing, conversion or continuation, as the case
may be (which shall be a Business Day), (C) the principal amount of Loans to be
borrowed, converted or continued, (D) the Type of Loans to be borrowed or to
which existing Loans are to be converted, and (E) if applicable, the duration of
the Interest Period with respect thereto.  If the Borrower fails to
specify a Type of Loan in a Revolving Loan Notice or if the Borrower fails to
give a timely notice requesting a conversion or continuation, then the
applicable Loans shall be made as, or converted to, Base Rate
Loans.  Any such automatic conversion to Base Rate Loans shall be
effective as of the last day of the Interest Period then in effect with respect
to the applicable Eurodollar Rate Loans.  If the Borrower requests a
Borrowing of, conversion to, or continuation of Eurodollar Rate Loans in any
such Revolving Loan Notice but fails to specify an Interest Period, it will be
deemed to have specified an Interest Period of one month.

     

    
      
         

      

      
        34

        
          

        

      

      
         

      

    

    (b)           Following
receipt of a Revolving Loan Notice, the Administrative Agent shall promptly
notify each Lender of the amount of its Applicable Percentage of the applicable
Loans, and if no timely notice of a conversion or continuation is provided by
the Borrower, the Administrative Agent shall notify each Lender of the details
of any automatic conversion to Base Rate Loans described in the preceding
subsection.  In the case of a Revolving Borrowing, each Lender shall
make the amount of its Loan available to the Administrative Agent in immediately
available funds at the Administrative Agent’s Office not later than 1:00 p.m. on
the Business Day specified in the Revolving Loan Notice.  Upon
satisfaction of the applicable conditions set forth in Section 4.02 (and, if
such Borrowing is the initial Credit Extension, Section 4.01), the
Administrative Agent shall make all funds so received available to the Borrower
in like funds as received by the Administrative Agent either by (i) crediting
the account of the Borrower on the books of Bank of America with the amount of
such funds or (ii) wire transfer of such funds, in each case in accordance with
instructions provided to (and reasonably acceptable to) the Administrative Agent
by the Borrower; provided, however, that if, on
the date the Revolving Loan Notice with respect to such Borrowing is given by
the Borrower, there are L/C Borrowings outstanding, then the proceeds of such
Borrowing, first, shall be
applied to the payment in full of any such L/C Borrowings, and second, shall be made
available to the Borrower as provided above.

     

    (c)           Except
as otherwise provided herein, a Eurodollar Rate Loan may be continued or
converted only on the last day of an Interest Period for such Eurodollar Rate
Loan.  During the existence of a Default, no Loans may be requested
as, converted to or continued as Eurodollar Rate Loans without the consent of
the Required Lenders.

     

    (d)           The
Administrative Agent shall promptly notify the Borrower and the Lenders of the
interest rate applicable to any Interest Period for Eurodollar Rate Loans upon
determination of such interest rate.  At any time that Base Rate Loans
are outstanding, the Administrative Agent shall notify the Borrower and the
Lenders of any change in Bank of America’s prime rate used in determining the
Base Rate promptly following the public announcement of such
change.

     

    (e)           After
giving effect to all Borrowings, all conversions of Loans from one Type to the
other, and all continuations of Loans as the same Type, there shall not be more
than five Interest Periods in effect with respect to Loans.

     

    
      
        
        

      

      
        35

        
          

        

      

      
        
        

      

    

     

    
      	
            	
              2.03

            	
              Letters of
      Credit.

            

    

     

    
      	
            	
              (a)

            	
              The Letter of Credit
      Commitment.

            

    

     

    (i)           Subject
to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in
reliance upon the agreements of the Lenders set forth in this Section 2.03, (1)
from time to time on any Business Day during the period from the Closing Date
until the Letter of Credit Expiration Date, to issue Letters of Credit for the
account of the Borrower, and to amend or extend Letters of Credit previously
issued by it, in accordance with subsection (b) below, and (2) to honor drawings
under the Letters of Credit; and (B) the Lenders severally agree to participate
in Letters of Credit issued for the account of the Borrower and any drawings
thereunder; provided that after
giving effect to any L/C Credit Extension with respect to any Letter of Credit,
(x) the Total Outstandings shall not exceed the Borrowing Base, (y) the
aggregate Outstanding Amount of the Revolving Loans of any Lender, plus such Lender’s
Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s
Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall
not exceed such Lender’s Commitment, and (z) the Outstanding Amount of the L/C
Obligations shall not exceed the Letter of Credit Sublimit.  Each
request by the Borrower for the issuance or amendment of a Letter of Credit
shall be deemed to be a representation by the Borrower that the L/C Credit
Extension so requested complies with the conditions set forth in the proviso to
the preceding sentence.  Within the foregoing limits, and subject to
the terms and conditions hereof, the Borrower’s ability to obtain Letters of
Credit shall be fully revolving, and accordingly the Borrower may, during the
foregoing period, obtain Letters of Credit to replace Letters of Credit that
have expired or that have been drawn upon and reimbursed.  All
Existing Letters of Credit shall be deemed to have been issued pursuant hereto,
and from and after the Closing Date shall be subject to and governed by the
terms and conditions hereof.

     

    (ii)           The
L/C Issuer shall not issue any Letter of Credit, if:

     

    (A)           subject
to Section
2.03(b)(iii), the expiry date of such requested Letter of Credit would
occur more than twelve months after the date of issuance or last extension,
unless the Required Lenders have approved such expiry date; or

     

    (B)           the
expiry date of such requested Letter of Credit would occur after the Letter of
Credit Expiration Date, unless all the Lenders have approved such expiry
date.

     

    (iii)           The
L/C Issuer shall not be under any obligation to issue any Letter of Credit
if:

     

    (A)           any
order, judgment or decree of any Governmental Authority or arbitrator shall by
its terms purport to enjoin or restrain the L/C Issuer from issuing such Letter
of Credit, or any Law applicable to the L/C Issuer or any request or directive
(whether or not having the force of law) from any Governmental Authority with
jurisdiction over the L/C Issuer shall prohibit, or request that the L/C Issuer
refrain from, the issuance of letters of credit generally or such Letter of
Credit in particular or shall impose upon the L/C Issuer with respect to such
Letter of Credit any restriction, reserve or capital requirement (for which the
L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing
Date, or shall impose upon the L/C Issuer any unreimbursed loss, cost or expense
which was not applicable on the Closing Date and which the L/C Issuer in good
faith deems material to it;

     

    
      
        
        

      

      
        36

        
          

        

      

      
        
        

      

    

     

    (B)           the
issuance of such Letter of Credit would violate one or more policies of the L/C
Issuer;

     

    (C)           except
as otherwise agreed by the Administrative Agent and the L/C Issuer, such Letter
of Credit is in an initial stated amount less than $100,000, in the case of a
commercial Letter of Credit, or $100,000, in the case of
a standby Letter of Credit;

     

    (D)           such
Letter of Credit is to be denominated in a currency other than Dollars;
or

     

    (E)           a
default of any Lender’s obligations to fund under Section 2.03(c)
exists or any Lender is at such time a Defaulting Lender hereunder, unless the
L/C Issuer has entered into satisfactory arrangements with the Borrower or such
Lender to eliminate the L/C Issuer’s risk with respect to such
Lender.

     

    (iv)           The
L/C Issuer shall not amend any Letter of Credit if the L/C Issuer would not be
permitted at such time to issue such Letter of Credit in its amended form under
the terms hereof.

     

    (v)           The
L/C Issuer shall be under no obligation to amend any Letter of Credit if (A) the
L/C Issuer would have no obligation at such time to issue such Letter of Credit
in its amended form under the terms hereof, or (B) the beneficiary of such
Letter of Credit does not accept the proposed amendment to such Letter of
Credit.

     

    (vi)           The
L/C Issuer shall act on behalf of the Lenders with respect to any Letters of
Credit issued by it and the documents associated therewith, and the L/C Issuer
shall have all of the benefits and immunities (A) provided to the Administrative
Agent in Article
IX with respect to any acts taken or omissions suffered by the L/C Issuer
in connection with Letters of Credit issued by it or proposed to be issued by it
and Issuer Documents pertaining to such Letters of Credit as fully as if the
term “Administrative Agent” as used in Article IX included
the L/C Issuer with respect to such acts or omissions, and (B) as additionally
provided herein with respect to the L/C Issuer.

     

    
      
        
        

      

      
        37

        
          

        

      

      
        
        

      

    

     

    (b)           Procedures for Issuance and
Amendment of Letters of Credit; Auto-Extension Letters of
Credit.

     

    (i)           Each
Letter of Credit shall be issued or amended, as the case may be, upon the
request of the Borrower delivered to the L/C Issuer (with a copy to the
Administrative Agent) in the form of a Letter of Credit Application,
appropriately completed and signed by a Responsible Officer of the
Borrower.  Such Letter of Credit Application must be received by the
L/C Issuer and the Administrative Agent not later than 10:00 a.m. at least two
Business Days (or such later date and time as the Administrative Agent and the
L/C Issuer may agree in a particular instance in their sole discretion) prior to
the proposed issuance date or date of amendment, as the case may
be.  In the case of a request for an initial issuance of a Letter of
Credit, such Letter of Credit Application shall specify in form and detail
satisfactory to the L/C Issuer:  (A) the proposed issuance date of the
requested Letter of Credit (which shall be a Business Day); (B) the amount
thereof; (C) the expiry date thereof; (D) the name and address of the
beneficiary thereof; (E) the documents to be presented by such beneficiary in
case of any drawing thereunder; (F) the full text of any certificate to be
presented by such beneficiary in case of any drawing thereunder; and (G) such
other matters as the L/C Issuer may require.  In the case of a request
for an amendment of any outstanding Letter of Credit, such Letter of Credit
Application shall specify in form and detail satisfactory to the L/C Issuer (1)
the Letter of Credit to be amended; (2) the proposed date of amendment thereof
(which shall be a Business Day); (3) the nature of the proposed amendment; and
(4) such other matters as the L/C Issuer may require.  Additionally,
the Borrower shall furnish to the L/C Issuer and the Administrative Agent such
other documents and information pertaining to such requested Letter of Credit
issuance or amendment, including any Issuer Documents, as the L/C Issuer or the
Administrative Agent may require.

     

    (ii)           Promptly
after receipt of any Letter of Credit Application, the L/C Issuer will confirm
with the Administrative Agent (by telephone or in writing) that the
Administrative Agent has received a copy of such Letter of Credit Application
from the Borrower and, if not, the L/C Issuer will provide the Administrative
Agent with a copy thereof.  Unless the L/C Issuer has received written
notice from any Lender, the Administrative Agent or any Loan Party, at least one
Business Day prior to the requested date of issuance or amendment of the
applicable Letter of Credit, that one or more applicable conditions contained in
Article IV
shall not then be satisfied, then, subject to the terms and conditions hereof,
the L/C Issuer shall, on the requested date, issue a Letter of Credit for the
account of the Borrower or enter into the applicable amendment, as the case may
be, in each case in accordance with the L/C Issuer’s usual and customary
business practices.  Immediately upon the issuance of each Letter of
Credit, each Lender shall be deemed to, and hereby irrevocably and
unconditionally agrees to, purchase from the L/C Issuer a risk participation in
such Letter of Credit in an amount equal to the product of such Lender’s
Applicable Percentage times the amount of
such Letter of Credit.

     

    (iii)           If
the Borrower so requests in any applicable Letter of Credit Application, the L/C
Issuer may, in its sole and absolute discretion, agree to issue a Letter of
Credit that has automatic extension provisions (each, an “Auto-Extension Letter of
Credit”); provided that any
such Auto-Extension Letter of Credit must permit the L/C Issuer to prevent any
such extension at least once in each twelve-month period (commencing with the
date of issuance of such Letter of Credit) by giving prior notice to the
beneficiary thereof not later than a day (the “Non-Extension Notice
Date”) in each such twelve-month period to be agreed upon at the time
such Letter of Credit is issued.  Unless otherwise directed by the L/C
Issuer, the Borrower shall not be required to make a specific request to the L/C
Issuer for any such extension.  Once an Auto-Extension Letter of
Credit has been issued, the Lenders shall be deemed to have authorized (but may
not require) the L/C Issuer to permit the extension of such Letter of Credit at
any time to an expiry date not later than the Letter of Credit Expiration Date;
provided, however, that the L/C
Issuer shall not permit any such extension if (A) the L/C Issuer has determined
that it would not be permitted, or would have no obligation, at such time to
issue such Letter of Credit in its revised form (as extended) under the terms
hereof (by reason of the provisions of clause (ii) or (iii) of Section 2.03(a) or
otherwise), or (B) it has received notice (which may be by telephone or in
writing) on or before the day that is five Business Days before the
Non-Extension Notice Date (1) from the Administrative Agent that the Required
Lenders have elected not to permit such extension or (2) from the Administrative
Agent, any Lender or the Borrower that one or more of the applicable conditions
specified in Section
4.02 is not then satisfied, and in each such case directing the L/C
Issuer not to permit such extension.

     

    
      
        
        

      

      
        38

        
          

        

      

      
        
        

      

    

     

    (iv)           Promptly
after its delivery of any Letter of Credit or any amendment to a Letter of
Credit to an advising bank with respect thereto or to the beneficiary thereof,
the L/C Issuer will also deliver to the Borrower and the Administrative Agent a
true and complete copy of such Letter of Credit or amendment.

     

    (c)           Drawings and Reimbursements;
Funding of Participations.

     

    (i)           Upon
receipt from the beneficiary of any Letter of Credit of any notice of a drawing
under such Letter of Credit, the L/C Issuer shall notify the Borrower and the
Administrative Agent thereof.  Not later than 11:00 a.m. on the date
of any payment by the L/C Issuer under a Letter of Credit (each such date, an
“Honor Date”),
the Borrower shall reimburse the L/C Issuer through the Administrative Agent in
an amount equal to the amount of such drawing.  If the Borrower fails
to so reimburse the L/C Issuer by such time, the Administrative Agent shall
promptly notify each Lender of the Honor Date, the amount of the unreimbursed
drawing (the “Unreimbursed
Amount”), and the amount of such Lender’s Applicable Percentage
thereof.  In such event, the Borrower shall be deemed to have
requested a Revolving Borrowing of Base Rate Loans to be disbursed on the Honor
Date in an amount equal to the Unreimbursed Amount, without regard to the
minimum and multiples specified in Section 2.02 for the
principal amount of Base Rate Loans, but subject to the amount of the unutilized
portion of the Commitment and the conditions set forth in Section 4.02 (other
than the delivery of a Revolving Loan Notice).  Any notice given by
the L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i)
may be given by telephone if immediately confirmed in writing; provided that the
lack of such an immediate confirmation shall not affect the conclusiveness or
binding effect of such notice.

     

    (ii)           Each
Lender shall upon any notice pursuant to Section 2.03(c)(i)
make funds available to the Administrative Agent for the account of the L/C
Issuer at the Administrative Agent’s Office in an amount equal to its Applicable
Percentage of the Unreimbursed Amount not later than 1:00 p.m. on the Business
Day specified in such notice by the Administrative Agent, whereupon, subject to
the provisions of Section 2.03(c)(iii),
each Lender that so makes funds available shall be deemed to have made a Base
Rate Loan to the Borrower in such amount.  The Administrative Agent
shall remit the funds so received to the L/C Issuer.

     

    
      
        
        

      

      
        39

        
          

        

      

      
        
        

      

    

     

    (iii)           With
respect to any Unreimbursed Amount that is not fully refinanced by a Borrowing
of Base Rate Loans because the conditions set forth in Section 4.02 cannot
be satisfied or for any other reason, the Borrower shall be deemed to have
incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed
Amount that is not so refinanced, which L/C Borrowing shall be due and payable
on demand (together with interest) and shall bear interest at the Default
Rate.  In such event, each Lender’s payment to the Administrative
Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(ii)
shall be deemed payment in respect of its participation in such L/C Borrowing
and shall constitute an L/C Advance from such Lender in satisfaction of its
participation obligation under this Section
2.03.

     

    (iv)           Until
each Lender funds its Revolving Loan or L/C Advance pursuant to this Section 2.03(c) to
reimburse the L/C Issuer for any amount drawn under any Letter of Credit,
interest in respect of such Lender’s Applicable Percentage of such amount shall
be solely for the account of the L/C Issuer.

     

    (v)           Each
Lender’s obligation to make Revolving Loans or L/C Advances to reimburse the L/C
Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c),
shall be absolute and unconditional and shall not be affected by any
circumstance, including (A) any setoff, counterclaim, recoupment, defense or
other right which such Lender may have against the L/C Issuer, the Borrower or
any other Person for any reason whatsoever; (B) the occurrence or continuance of
a Default or an Overadvance, or (C) any other occurrence, event or condition,
whether or not similar to any of the foregoing; provided, however, that each
Lender’s obligation to make Revolving Loans (but not L/C Advances) pursuant to
this Section
2.03(c) is subject to the conditions set forth in Section 4.02 (other
than delivery by the Borrower of a Revolving Loan Notice).  No such
making of an L/C Advance shall relieve or otherwise impair the obligation of the
Borrower to reimburse the L/C Issuer for the amount of any payment made by the
L/C Issuer under any Letter of Credit, together with interest as provided
herein.

     

    (vi)           If
any Lender fails to make available to the Administrative Agent for the account
of the L/C Issuer any amount required to be paid by such Lender pursuant to the
foregoing provisions of this Section 2.03(c) by
the time specified in Section 2.03(c)(ii),
the L/C Issuer shall be entitled to recover from such Lender (acting through the
Administrative Agent), on demand, such amount with interest thereon for the
period from the date such payment is required to the date on which such payment
is immediately available to the L/C Issuer at a rate per annum equal to the
greater of the Federal Funds Rate and a rate determined by the L/C Issuer in
accordance with banking industry rules on interbank compensation, plus any
administrative, processing or similar fees customarily charged by the L/C Issuer
in connection with the foregoing.  If such Lender pays such amount
(with interest and fees as aforesaid), the amount so paid (excluding such
interest and fees) shall constitute such Lender’s Revolving Loan included in the
relevant Revolving Borrowing or L/C Advance in respect of the relevant L/C
Borrowing, as the case may be.  A certificate of the L/C Issuer
submitted to any Lender (through the Administrative Agent) with respect to any
amounts owing under this clause (vi) shall be conclusive absent manifest
error.

     

    
      
        
        

      

      
        40

        
          

        

      

      
        
        

      

    

     

    (vii)           The
L/C Issuer will provide to the Administrative Agent reports in detail acceptable
to the Administrative Agent (including draws, payments and reconciliation
payments) with respect to outstanding Letters of Credit issued by the L/C
Issuer, in such frequency as reasonably requested by the Administrative
Agent.  The Administrative Agent will provide quarterly reports to
each Lender with respect to the outstanding Letters of Credit at such time
issued by the L/C Issuer, and such other information regarding outstanding
Letters of Credit or L/C Obligations reasonably requested by any Lender from
time to time.

     

    (d)           Repayment of
Participations.

     

    (i)           At
any time after the L/C Issuer has made a payment under any Letter of Credit and
has received from any Lender such Lender’s L/C Advance in respect of such
payment in accordance with Section 2.03(c), if
the Administrative Agent receives for the account of the L/C Issuer any payment
in respect of the related Unreimbursed Amount or interest thereon (whether
directly from the Borrower or otherwise, including proceeds of Cash Collateral
applied thereto by the Administrative Agent), the Administrative Agent will
distribute to such Lender its Applicable Percentage thereof (appropriately
adjusted, in the case of interest payments, to reflect the period of time during
which such Lender’s L/C Advance was outstanding) in the same funds as those
received by the Administrative Agent.

     

    (ii)           If
any payment received by the Administrative Agent for the account of the L/C
Issuer pursuant to Section 2.03(c)(i) is
required to be returned under any of the circumstances described in Section 10.05
(including pursuant to any settlement entered into by the L/C Issuer in its
discretion), each Lender shall pay to the Administrative Agent for the account
of the L/C Issuer its Applicable Percentage thereof on demand of the
Administrative Agent, plus interest thereon from the date of such demand to the
date such amount is returned by such Lender, at a rate per annum equal to the
Federal Funds Rate from time to time in effect.  The obligations of
the Lenders under this clause shall survive the payment in full of the
Obligations and the termination of this Agreement.

     

    (e)           Obligations
Absolute. The
obligation of the Borrower to reimburse the L/C Issuer for each drawing under
each Letter of Credit and to repay each L/C Borrowing shall be absolute,
unconditional and irrevocable, and shall be paid strictly in accordance with the
terms of this Agreement under all circumstances, including the
following:

     

    (i)           any
lack of validity or enforceability of such Letter of Credit, this Agreement, or
any other Loan Document;

     

    (ii)           the
existence of any claim, counterclaim, setoff, defense or other right that the
Borrower or any Subsidiary may have at any time against any beneficiary or any
transferee of such Letter of Credit (or any Person for whom any such beneficiary
or any such transferee may be acting), the L/C Issuer or any other Person,
whether in connection with this Agreement, the transactions contemplated hereby
or by such Letter of Credit or any agreement or instrument relating thereto, or
any unrelated transaction;

     

    
      
        
        

      

      
        41

        
          

        

      

      
        
        

      

    

     

    (iii)           any
draft, demand, certificate or other document presented under such Letter of
Credit proving to be forged, fraudulent, invalid or insufficient in any respect
or any statement therein being untrue or inaccurate in any respect; or any loss
or delay in the transmission or otherwise of any document required in order to
make a drawing under such Letter of Credit;

     

    (iv)           any
payment by the L/C Issuer under such Letter of Credit against presentation of a
draft or certificate that does not strictly comply with the terms of such Letter
of Credit; or any payment made by the L/C Issuer under such Letter of Credit to
any Person purporting to be a trustee in bankruptcy, debtor-in-possession,
assignee for the benefit of creditors, liquidator, receiver or other
representative of or successor to any beneficiary or any transferee of such
Letter of Credit, including any arising in connection with any proceeding under
any Debtor Relief Law; or

     

    (v)           any
other circumstance or happening whatsoever, whether or not similar to any of the
foregoing, including any other circumstance that might otherwise constitute a
defense available to, or a discharge of, the Borrower or any
Subsidiary.

     

    The
Borrower shall promptly examine a copy of each Letter of Credit and each
amendment thereto that is delivered to it and, in the event of any claim of
noncompliance with the Borrower’s instructions or other irregularity, the
Borrower will immediately notify the L/C Issuer.  The Borrower shall
be conclusively deemed to have waived any such claim against the L/C Issuer and
its correspondents unless such notice is given as aforesaid.

     

    (f)           Role of L/C
Issuer. Each
Lender and the Borrower agree that, in paying any drawing under a Letter of
Credit, the L/C Issuer shall not have any responsibility to obtain any document
(other than any sight draft, certificates and documents expressly required by
the Letter of Credit) or to ascertain or inquire as to the validity or accuracy
of any such document or the authority of the Person executing or delivering any
such document.  None of the L/C Issuer, the Administrative Agent, any
of their respective Related Parties nor any correspondent, participant or
assignee of the L/C Issuer shall be liable to any Lender for (i) any action
taken or omitted in connection herewith at the request or with the approval of
the Lenders or the Required Lenders, as applicable; (ii) any action taken or
omitted in the absence of gross negligence or willful misconduct; or (iii) the
due execution, effectiveness, validity or enforceability of any document or
instrument related to any Letter of Credit or Issuer Document.  The
Borrower hereby assumes all risks of the acts or omissions of any beneficiary or
transferee with respect to its use of any Letter of Credit; provided, however, that this
assumption is not intended to, and shall not, preclude the Borrower’s pursuing
such rights and remedies as it may have against the beneficiary or transferee at
law or under any other agreement.  None of the L/C Issuer, the
Administrative Agent, any of their respective Related Parties nor any
correspondent, participant or assignee of the L/C Issuer shall be liable or
responsible for any of the matters described in clauses (i) through (v) of Section 2.03(e);
provided, however, that
anything in such clauses to the contrary notwithstanding, the Borrower may have
a claim against the L/C Issuer, and the L/C Issuer may be liable to the
Borrower, to the extent, but only to the extent, of any direct, as opposed to
consequential or exemplary, damages suffered by the Borrower which the Borrower
proves were caused by the L/C Issuer’s willful misconduct or gross negligence or
the L/C Issuer’s willful failure to pay under any Letter of Credit after the
presentation to it by the beneficiary of a sight draft and certificate(s)
strictly complying with the terms and conditions of a Letter of Credit. 
In furtherance and not in limitation of the foregoing, the L/C Issuer may accept
documents that appear on their face to be in order, without responsibility for
further investigation, regardless of any notice or information to the contrary,
and the L/C Issuer shall not be responsible for the validity or sufficiency of
any instrument transferring or assigning or purporting to transfer or assign a
Letter of Credit or the rights or benefits thereunder or proceeds thereof, in
whole or in part, which may prove to be invalid or ineffective for any
reason.

     

    
      
        
        

      

      
        42

        
          

        

      

      
        
        

      

    

     

    (g)           Cash
Collateral.  Upon the request of the Administrative Agent, (i)
if the L/C Issuer has honored any full or partial drawing request under any
Letter of Credit and such drawing has resulted in an L/C Borrowing, or (ii) if,
as of the Letter of Credit Expiration Date, any L/C Obligation for any reason
remains outstanding, the Borrower shall, in each case, immediately Cash
Collateralize the then Outstanding Amount of all L/C Obligations.  If
there is a Defaulting Lender at any time that L/C Obligations are outstanding,
either (A) the Administrative Agent shall at the L/C Issuer’s request establish
an additional reserve equal to the Applicable Percentage of the L/C Obligations
of such Defaulting Lender or (B) the Borrower shall, on demand by the L/C Issuer
or the Administrative Agent, Cash Collateralize the Applicable Percentage of the
L/C Obligations of such Defaulting Lender (or make other arrangements therefor
satisfactory to the L/C Issuer and the Borrower).  Sections 2.05 and
8.02(c) set
forth certain additional requirements to deliver Cash Collateral
hereunder.  For purposes of this Section 2.03, Section 2.05 and
Section
8.02(c), “Cash
Collateralize” means to pledge and deposit with or deliver to the
Administrative Agent, for the benefit of the L/C Issuer and the Lenders, as
collateral for the L/C Obligations, cash or deposit account balances pursuant to
documentation in form and substance satisfactory to the Administrative Agent and
the L/C Issuer (which documents are hereby consented to by the
Lenders).  Derivatives of such term have corresponding
meanings.  The Borrower hereby grants to the Administrative Agent, for
the benefit of the L/C Issuer and the Lenders, a security interest in all such
cash, deposit accounts and all balances therein and all proceeds of the
foregoing.  Cash Collateral shall be maintained in blocked,
non-interest bearing deposit accounts at Bank of America.

     

    (h)           Applicability of ISP and
UCP.  Unless otherwise expressly agreed by the L/C Issuer and
the Borrower when a Letter of Credit is issued (including any such agreement
applicable to an Existing Letter of Credit), (i) the rules of the ISP shall
apply to each standby Letter of Credit, and (ii) the rules of the Uniform
Customs and Practice for Documentary Credits, as most recently published by the
International Chamber of Commerce at the time of issuance, shall apply to each
commercial Letter of Credit.

     

    
      
        
        

      

      
        43

        
          

        

      

      
        
        

      

    

     

    (i)           Letter of Credit
Fees.  The Borrower shall pay to the Administrative Agent for
the account of each Lender in accordance with its Applicable Percentage a Letter
of Credit fee (the “Letter of Credit
Fee”) for each Letter of Credit equal to the Applicable Rate times the daily
amount available to be drawn under such Letter of Credit.  For
purposes of computing the daily amount available to be drawn under any Letter of
Credit, the amount of such Letter of Credit shall be determined in accordance
with Section
1.06.  Letter of Credit Fees shall be (i) computed on a monthly
basis in arrears and (ii) due and payable on the first Business Day after the
end of each month, commencing with the first such date to occur after the
issuance of such Letter of Credit, on the Letter of Credit Expiration Date and
thereafter on demand.  If there is any change in the Applicable Rate
during any month, the daily amount available to be drawn under each Letter of
Credit shall be computed and multiplied by the Applicable Rate separately for
each period during such month that such Applicable Rate was in
effect.  Notwithstanding anything to the contrary contained herein,
upon the request of the Required Lenders, while any Event of Default exists, all
Letter of Credit Fees shall accrue at the Default Rate.

     

    (j)           Fronting Fee and Documentary
and Processing Charges Payable to L/C Issuer.  The Borrower
shall pay directly to the L/C Issuer for its own account a fronting fee with
respect to each Letter of Credit at the rate per annum set forth in the Fee
Letter, computed on the daily amount available to be drawn under such Letter of
Credit on a monthly basis in arrears.  Such fronting fee shall be due
and payable on the first Business Day of each month in respect of the most
recently-ended month, commencing with the first such date to occur after the
issuance of such Letter of Credit, on the Letter of Credit Expiration Date and
thereafter on demand.  For purposes of computing the daily amount
available to be drawn under any Letter of Credit, the amount of such Letter of
Credit shall be determined in accordance with Section
1.06.  In addition, the Borrower shall pay directly to the L/C
Issuer for its own account the customary issuance, presentation, amendment and
other processing fees, and other standard costs and charges, of the L/C Issuer
relating to letters of credit as from time to time in effect.  Such
customary fees and standard costs and charges are due and payable on demand and
are nonrefundable.

     

    (k)           Conflict with Issuer
Documents.  In the event of any conflict between the terms
hereof and the terms of any Issuer Document, the terms hereof shall
control.

     

    
      	
            	
              2.04

            	
              Swing Line
      Loans.

            

    

     

    (a)           The Swing
Line.  Subject to the terms and conditions set forth herein,
the Swing Line Lender agrees, in reliance upon the agreements of the other
Lenders set forth in this Section 2.04 but in
its sole discretion and without any obligations, to make loans (each such loan,
a “Swing Line
Loan”) to the Borrower from time to time on any Business Day during the
Availability Period in an aggregate amount not to exceed at any time outstanding
the amount of the Swing Line Sublimit, notwithstanding the fact that such Swing
Line Loans, when aggregated with the Applicable Percentage of the Outstanding
Amount of Revolving Loans and L/C Obligations of the Lender acting as Swing Line
Lender, may exceed the amount of such Lender’s Applicable Percentage of the
Aggregate Commitments; provided, however, that after
giving effect to any Swing Line Loan, (i) the Total Outstandings shall not
exceed the Borrowing Base, and (ii) the aggregate Outstanding Amount of the
Revolving Loans of any Lender, plus such Lender’s
Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s
Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall
not exceed such Lender’s Commitment, and provided, further, that the
Borrower shall not use the proceeds of any Swing Line Loan to refinance any
outstanding Swing Line Loan.  Within the foregoing limits, and subject
to the other terms and conditions hereof, including the sole discretion of the
Swing Line Lender to make Swing Line Loans, the Borrower may borrow under this
Section 2.04,
prepay under Section
2.05, and reborrow under this Section
2.04.  Each Swing Line Loan shall be a Base Rate
Loan.  Immediately upon the making of a Swing Line Loan, each Lender
shall be deemed to, and hereby irrevocably and unconditionally agrees to,
purchase from the Swing Line Lender a risk participation in such Swing Line Loan
in an amount equal to the product of such Lender’s Applicable Percentage times the amount of
such Swing Line Loan.

     

    
      
        
        

      

      
        44

        
          

        

      

      
        
        

      

    

     

    (b)           Borrowing
Procedures.  Each Swing Line Borrowing shall be made upon the
Borrower’s irrevocable notice to the Swing Line Lender and the Administrative
Agent, which may be given by telephone or another means permitted by Section
10.02.  Each such notice must be received by the Swing Line
Lender and the Administrative Agent not later than 1:00 p.m. on the requested
borrowing date, and shall specify (i) the amount to be borrowed and (ii) the
requested borrowing date, which shall be a Business Day.  Each such
telephonic notice must be confirmed promptly by delivery to the Swing Line
Lender and the Administrative Agent of a written Swing Line Loan Notice,
appropriately completed and signed by a Responsible Officer of the
Borrower.  Promptly after receipt by the Swing Line Lender of any
telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the
Administrative Agent (by telephone or in writing) that the Administrative Agent
has also received such Swing Line Loan Notice and, if not, the Swing Line Lender
will notify the Administrative Agent (by telephone or in writing) of the
contents thereof.  Unless the Swing Line Lender has received notice
(by telephone or in writing) from the Administrative Agent (including at the
request of any Lender) prior to 1:00 p.m. on the date of the proposed Swing Line
Borrowing (A) directing the Swing Line Lender not to make such Swing Line Loan
as a result of the limitations set forth in the proviso to the first sentence of
Section
2.04(a), or (B) that one or more of the applicable conditions specified
in Article IV
is not then satisfied, then, subject to the terms and conditions hereof, the
Swing Line Lender will, not later than 2:00 p.m. on the borrowing date specified
in such Swing Line Loan Notice, make the amount of its Swing Line Loan available
to the Borrower at its office by crediting the account of the Borrower on the
books of the Swing Line Lender in immediately available funds.  In the
event that (1) any of the Secured Obligations become due for which the Borrower
has not otherwise made timely payment or (2) the Borrower has insufficient funds
on deposit in a controlled disbursement account maintained with the
Administrative Agent or an Affiliate thereof at the time that checks or other
payment items are presented for collection, then the Borrower shall be deemed to
have requested a Swing Line Loan (or a Revolver Loan in the event that the Swing
Line Sublimit would be exceeded by such request) on such date in the amount of
such Secured Obligations or such payment items and without any further
notice.  If the conditions precedent are satisfied for the Credit
Extension requested pursuant to the preceding sentence, the Swing Line Lender
(or the Administrative Agent in the case of a Revolving Loan) shall make such
Loan and the proceeds thereof shall be disbursed as direct payment of the
relevant Secured Obligations or payment items.

     

    
      
        
        

      

      
        45

        
          

        

      

      
        
        

      

    

     

    (c)           Refinancing of Swing Line
Loans.

     

    (i)           The
Swing Line Lender at any time in its sole and absolute discretion may request,
on behalf of the Borrower (which hereby irrevocably authorizes the Swing Line
Lender to so request on its behalf), that each Lender make a Base Rate Loan in
an amount equal to such Lender’s Applicable Percentage of the amount of Swing
Line Loans then outstanding.  Such request shall be made in writing
(which written request shall be deemed to be a Revolving Loan Notice for
purposes hereof) and in accordance with the requirements of Section 2.02, without
regard to the minimum and multiples specified therein for the principal amount
of Base Rate Loans, but subject to the unutilized portion of the Aggregate
Commitments and the conditions set forth in Section
4.02.  The Swing Line Lender shall furnish the Borrower with a
copy of the applicable Revolving Loan Notice promptly after delivering such
notice to the Administrative Agent.  Each Lender shall make an amount
equal to its Applicable Percentage of the amount specified in such Revolving
Loan Notice available to the Administrative Agent in immediately available funds
for the account of the Swing Line Lender at the Administrative Agent’s Office
not later than 12:00 noon on the day specified in such Revolving Loan Notice,
whereupon, subject to Section 2.04(c)(ii),
each Lender that so makes funds available shall be deemed to have made a Base
Rate Loan to the Borrower in such amount.  The Administrative Agent
shall remit the funds so received to the Swing Line Lender.

     

    (ii)           If
for any reason any Swing Line Loan cannot be refinanced by such a Borrowing in
accordance with Section 2.04(c)(i),
the request for Base Rate Loans submitted by the Swing Line Lender as set forth
herein shall be deemed to be a request by the Swing Line Lender that each of the
Lenders fund its risk participation in the relevant Swing Line Loan and each
Lender’s payment to the Administrative Agent for the account of the Swing Line
Lender pursuant to Section 2.04(c)(i)
shall be deemed payment in respect of such participation.

     

    (iii)           If
any Lender fails to make available to the Administrative Agent for the account
of the Swing Line Lender any amount required to be paid by such Lender pursuant
to the foregoing provisions of this Section 2.04(c) by
the time specified in Section 2.04(c)(i),
the Swing Line Lender shall be entitled to recover from such Lender (acting
through the Administrative Agent), on demand, such amount with interest thereon
for the period from the date such payment is required to the date on which such
payment is immediately available to the Swing Line Lender at a rate per annum
equal to the greater of the Federal Funds Rate and a rate determined by the
Swing Line Lender in accordance with banking industry rules on interbank
compensation, plus any administrative, processing or similar fees customarily
charged by the Swing Line Lender in connection with the foregoing.  If
such Lender pays such amount (with interest and fees as aforesaid), the amount
so paid (excluding such interest and fees) shall constitute such Lender’s
Revolving Loan included in the relevant Revolving Borrowing or funded
participation in the relevant Swing Line Loan, as the case may be.  A
certificate of the Swing Line Lender submitted to any Lender (through the
Administrative Agent) with respect to any amounts owing under this clause (iii)
shall be conclusive absent manifest error.

     

    
      
        
        

      

      
        46

        
          

        

      

      
        
        

      

    

     

    (iv)           Each
Lender’s obligation to make Revolving Loans or to purchase and fund risk
participations in Swing Line Loans pursuant to this Section 2.04(c) shall
be absolute and unconditional and shall not be affected by any circumstance,
including (A) any setoff, counterclaim, recoupment, defense or other right which
such Lender may have against the Swing Line Lender, the Borrower or any other
Person for any reason whatsoever, (B) the occurrence or continuance of a Default
or an Overadvance, or (C) any other occurrence, event or condition, whether or
not similar to any of the foregoing; provided, however, that each
Lender’s obligation to make Revolving Loans pursuant to this Section 2.04(c) is
subject to the conditions set forth in Section
4.02.  No such funding of risk participations shall relieve or
otherwise impair the obligation of the Borrower to repay Swing Line Loans,
together with interest as provided herein.

     

    (d)           Repayment of
Participations.

     

    (i)           At
any time after any Lender has purchased and funded a risk participation in a
Swing Line Loan, if the Swing Line Lender receives any payment on account of
such Swing Line Loan, the Swing Line Lender will distribute to such Lender its
Applicable Percentage of such payment (appropriately adjusted, in the case of
interest payments, to reflect the period of time during which such Lender’s risk
participation was funded) in the same funds as those received by the Swing Line
Lender.

     

    (ii)           If
any payment received by the Swing Line Lender in respect of principal or
interest on any Swing Line Loan is required to be returned by the Swing Line
Lender under any of the circumstances described in Section 10.05
(including pursuant to any settlement entered into by the Swing Line Lender in
its discretion), each Lender shall pay to the Swing Line Lender its Applicable
Percentage thereof on demand of the Administrative Agent, plus interest thereon
from the date of such demand to the date such amount is returned, at a rate per
annum equal to the Federal Funds Rate.  The Administrative Agent will
make such demand upon the request of the Swing Line Lender.  The
obligations of the Lenders under this clause shall survive the payment in full
of the Obligations and the termination of this Agreement.

     

    (e)           Interest for Account of
Swing Line Lender.  The Swing Line Lender shall be responsible
for invoicing the Borrower for interest on the Swing Line
Loans.  Until each Lender funds its Base Rate Loan or risk
participation pursuant to this Section 2.04 to
refinance such Lender’s Applicable Percentage of any Swing Line Loan, interest
in respect of such Applicable Percentage shall be solely for the account of the
Swing Line Lender.

     

    (f)           Payments Directly to Swing
Line Lender.  The Borrower shall make all payments of principal
and interest in respect of the Swing Line Loans directly to the Swing Line
Lender.

     

    
      	
            	
              2.05

            	
              Prepayments.

            

    

     

    (a)           Voluntary Prepayments –
Revolving Loans.  The Borrower may, upon notice to the
Administrative Agent, at any time or from time to time voluntarily prepay
Revolving Loans in whole or in part without premium or penalty; provided that (i)
such notice must be received by the Administrative Agent not later than 11:00
a.m. (A) three Business Days prior to any date of prepayment of Eurodollar Rate
Loans and (B) on the date of prepayment of Base Rate Loans; (ii) any prepayment
of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole
multiple of $1,000,000 in excess thereof; and (iii) any prepayment of Base Rate
Loans shall be in a principal amount of $1,000,000 or a whole multiple of
$500,000 in excess thereof or, in each case, if less, the entire principal
amount thereof then outstanding.  Each such notice shall specify the
date and amount of such prepayment and the Type(s) of Loans to be prepaid and,
if Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such
Loans.  The Administrative Agent will promptly notify each Lender of
its receipt of each such notice, and of the amount of such Lender’s Applicable
Percentage of such prepayment.  If such notice is given by the
Borrower, the Borrower shall make such prepayment and the payment amount
specified in such notice shall be due and payable on the date specified
therein.  Any prepayment of a Eurodollar Rate Loan shall be
accompanied by all accrued interest on the amount prepaid, together with any
additional amounts required pursuant to Section
3.05.  Each such prepayment shall be applied to the Revolving
Loans of the Lenders in accordance with their respective Applicable
Percentages.

     

    
      
        
        

      

      
        47

        
          

        

      

      
        
        

      

    

     

    (b)           Voluntary Prepayments –
Swing Line Loans.  The Borrower may, upon notice to the Swing
Line Lender (with a copy to the Administrative Agent), at any time or from time
to time, voluntarily prepay Swing Line Loans in whole or in part without premium
or penalty; provided that such
notice must be received by the Swing Line Lender and the Administrative Agent
not later than 12:00 noon on the date of the prepayment.  Each such
notice shall specify the date and amount of such prepayment.  If such
notice is given by the Borrower, the Borrower shall make such prepayment and the
payment amount specified in such notice shall be due and payable on the date
specified therein.

     

    (c)           Mandatory Prepayments –
Excess Outstandings.  If for any reason an Overadvance exists,
the Borrower shall immediately prepay Loans and/or Cash Collateralize the L/C
Obligations on the Administrative Agent’s demand and in an aggregate amount
equal to the amount by which the Total Outstandings exceed the Borrowing Base;
provided, however, that the
Borrower shall not be required to Cash Collateralize the L/C Obligations
pursuant to this Section 2.05(c)
unless after the prepayment in full of the Loans the Total Outstandings exceed
the Borrowing Base.

     

    (d)           Mandatory Prepayments –
Asset Dispositions.  Upon the Disposition, in any single
transaction or series of related transactions, of (i) any Borrowing Base
Collateral in any amount or (ii) any other property of the Borrower or its
Subsidiaries with a fair market value of $2,000,000 or more, in each case other
than Dispositions permitted by clauses (a) through (f) of Section 7.05, the
Borrower shall make a mandatory prepayment of the Loans to the Administrative
Agent for the Lenders (and if the Outstanding Amount of all Loans is zero,
pledge to the Administrative Agent cash or cash equivalent investments in an
amount equal to the lesser of (A) the aggregate amount of the Net Cash Proceeds
of such Disposition and (B) any Outstanding Amount of L/C Obligations) in the
aggregate amount equal to the Net Cash Proceeds of such Disposition, which
prepayment shall be applied to the Loans; provided, however, if on the
date of receipt by the Borrower or any of its Subsidiaries of such Net Cash
Proceeds all of the conditions precedent to a Credit Extension set forth in
Section 4.02
are satisfied (other than the delivery of a Revolving Loan Notice) and after
giving effect to any related Borrowing Base reduction, the Borrower shall not be
required to make such prepayment.

     

    
      
        
        

      

      
        48

        
          

        

      

      
        
        

      

    

     

    (e)           Prepayment from Recovery
Events.  Immediately upon receipt by any of the Loan Parties of
Net Recovery Proceeds for any Recovery Event (i) in any amount with respect to
Borrowing Base Collateral or (ii) in an aggregate amount in excess of $1,000,000
with respect to Collateral other than Borrowing Base Collateral, the Borrower
shall, at the request of the Required Lenders, prepay Loans in an aggregate
principal amount equal to 100% of such excess amount of the Net Recovery
Proceeds from such Recovery Event (and if the Outstanding Amount of all Loans is
zero, pledge to the Administrative Agent cash or cash equivalent investments in
an amount equal to the lesser of (A) such Net Recovery Proceeds and (B) any
Outstanding Amount of L/C Obligations); provided that the
Required Lenders may, at their discretion, permit or require the applicable Loan
Party to use such Net Recovery Proceeds, or any part thereof, to replace or
restore any properties or assets in respect of which such Net Recovery Proceeds
were paid within 365 days of receipt thereof; provided, however, if on the
date of receipt by any Loan Party of such Net Recovery Proceeds all of the
conditions precedent to a Credit Extension set forth in Section 4.02 are
satisfied (other than the delivery of a Revolving Loan Notice) and after giving
effect to any related Borrowing Base reduction, the Borrower shall not be
required to make such prepayment.

     

    (f)           Repayment
Application.  Any mandatory prepayment of Loans pursuant to
Section
2.05(c), (d) or (e) shall (i) include
and be applied to interest to the date of such prepayment on the principal
amount prepaid and any additional amounts required pursuant to Section 3.05, and
(ii) not be subject to any notice and minimum payment provisions.

     

    2.06        Termination or Reduction of
Commitments.  The Borrower may, upon notice to the
Administrative Agent, terminate the Aggregate Commitments, or from time to time
permanently reduce the Aggregate Commitments; provided that (a) any
such notice shall be received by the Administrative Agent not later than 10:00
a.m. five Business Days prior to the date of termination or reduction, (b) any
such partial reduction shall be in an aggregate amount of $10,000,000 or any
whole multiple of $1,000,000 in excess thereof, (c) the Borrower shall not
terminate or reduce the Aggregate Commitments if, after giving effect thereto
and to any concurrent prepayments hereunder, the Total Outstandings would exceed
the Borrowing Base, and (d) if, after giving effect to any reduction of the
Aggregate Commitments, the Letter of Credit Sublimit or the Swing Line Sublimit
exceeds the amount of the Aggregate Commitments, such Sublimit shall be
automatically reduced by the amount of such excess.  The
Administrative Agent will promptly notify the Lenders of any such notice of
termination or reduction of the Aggregate Commitments.  Any reduction
of the Aggregate Commitments shall be applied to the Commitment of each Lender
according to its Applicable Percentage.  All fees accrued until the
effective date of any termination of the Aggregate Commitments shall be paid on
the effective date of such termination.

     

    
      	
            	
              2.07

            	
              Repayment of
      Loans.

            

    

     

    (a)           The
Borrower shall repay to the Lenders on the Maturity Date the aggregate principal
amount of Revolving Loans outstanding on such date and all other outstanding and
unpaid Obligations.

     

    
      
        
        

      

      
        49

        
          

        

      

      
        
        

      

    

     

    (b)           The
Borrower shall repay each Swing Line Loan on the earlier to occur of (i) demand
of the Swing Line Lender (which demand shall not be made earlier than ten
Business Days after each Swing Line Loan is made) and (ii) the Maturity
Date.

     

    (c)           During
any Trigger Period, the ledger balance in the main Dominion Account as of the
end of a Business Day shall be applied to the Obligations at the beginning of
the next Business Day.  If, as a result of such application, a credit
balance exists, the balance shall not accrue interest in favor of the Borrower
and shall be made available to the Borrower as long as no Default or Event of
Default exists.  During any Trigger Period, the Borrower irrevocably
waives the right to direct the application of any payments or Collateral
proceeds, and agrees that the Administrative Agent shall have the continuing,
exclusive right to apply and reapply same against the Obligations, in such
manner as the Administrative Agent deems advisable and in accordance with this
Agreement.

     

    
      	
            	
              2.08

            	
              Interest.

            

    

     

    (a)           Subject
to the provisions of subsection (b) below, (i) each Eurodollar Rate Loan shall
bear interest on the outstanding principal amount thereof for each Interest
Period at a rate per annum equal to the lesser of (x) the Highest Lawful Rate
and (y) the Eurodollar Rate for such Interest Period plus the Applicable
Rate; (ii) each Base Rate Loan shall bear interest on the outstanding principal
amount thereof from the applicable borrowing date at a rate per annum equal to
the lesser of (x) the Highest Lawful Rate and (y) the Base Rate in effect from
time to time plus the Applicable
Rate; and (iii) each Swing Line Loan shall bear interest on the outstanding
principal amount thereof from the applicable borrowing date at a rate per annum
equal to the lesser of (x) the Highest Lawful Rate and (y) the Base Rate plus the Applicable
Rate.

     

    (b)           (i)           If
any amount of principal of any Loan is not paid when due (without regard to any
applicable grace periods), whether at stated maturity, by acceleration or
otherwise, such amount shall thereafter bear interest at a fluctuating interest
rate per annum at all times equal to the lesser of (x) the Highest Lawful Rate
and (y) the Default Rate, to the fullest extent permitted by applicable
Laws.

     

    (ii)           If
any amount (other than principal of any Loan) payable by the Borrower under any
Loan Document is not paid when due (without regard to any applicable grace
periods), whether at stated maturity, by acceleration or otherwise, then upon
the request of the Required Lenders, such amount shall thereafter bear interest,
to the fullest extent permitted by Applicable Law at a fluctuating interest rate
per annum at all times equal to the lesser of (x) the Highest Lawful Rate and
(y) the Default Rate, to the fullest extent permitted by applicable
Laws.

     

    (iii)           Upon
the request of the Required Lenders, while any Event of Default exists, the
Borrower shall pay interest on the principal amount of all outstanding
Obligations hereunder at a fluctuating interest rate per annum at all times
equal to the lesser of (x) the Highest Lawful Rate and (y) the Default Rate, to
the fullest extent permitted by applicable Laws.

     

    
      
        
        

      

      
        50

        
          

        

      

      
        
        

      

    

     

    (iv)           Accrued
and unpaid interest on past due amounts (including interest on past due
interest) shall be due and payable upon demand.

     

    (c)           Interest
on each Loan shall be due and payable in arrears on each Interest Payment Date
applicable thereto and at such other times as may be specified
herein.  Interest hereunder shall be due and payable in accordance
with the terms hereof before and after judgment, and before and after the
commencement of any proceeding under any Debtor Relief Law.

     

    2.09        Fees.  In addition
to certain fees described in subsections (i) and (j) of Section
2.03:

     

    (a)           Commitment
Fee.  The Borrower shall pay to the Administrative Agent for
the account of each Lender in accordance with its Applicable Percentage, a
commitment fee (“Commitment Fee”)
equal to the Applicable Rate times the actual
daily amount by which the Aggregate Commitments exceed the sum of (i) the
Outstanding Amount of Loans and (ii) the Outstanding Amount of L/C
Obligations.  The Commitment Fee shall accrue at all times during the
Availability Period, including at any time during which one or more of the
conditions in Article
IV is not met, and shall be due and payable monthly in arrears on the
first Business Day of each month, commencing with the first such date to occur
after the Closing Date, and on the Maturity Date.  The Commitment Fee
shall be calculated monthly in arrears, and if there is any change in the
Applicable Rate during any month, the actual daily amount shall be computed and
multiplied by the Applicable Rate separately for each period during such month
that such Applicable Rate was in effect.  For purposes of computation
of the Commitment Fee, Swing Line Loans shall not be counted toward or
considered usage of the Aggregate Commitments.

     

    (b)           Other
Fees.

     

    (i)           The
Borrower shall pay to the Arranger and the Administrative Agent for their own
respective accounts fees in the amounts and at the times specified in the Fee
Letter.  Such fees shall be fully earned when paid and shall not be
refundable for any reason whatsoever.

     

    (ii)           The
Borrower shall pay to the Lenders such fees as shall have been separately agreed
upon in writing in the amounts and at the times so specified.  Such
fees shall be fully earned when paid and shall not be refundable for any reason
whatsoever.

     

    2.10     Computation of Interest and Fees;
Retroactive Adjustments of Applicable Rate.

     

    (a)           Subject
to Section
10.09, all computations of fees and interest shall be made on the basis
of a 360-day year and actual days elapsed (which results in more fees or
interest, as applicable, being paid than if computed on the basis of a 365-day
year).  Interest shall accrue on each Loan for the day on which the
Loan is made, and shall not accrue on a Loan, or any portion thereof, for the
day on which the Loan or such portion is paid, provided that any
Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear
interest for one day.  Each determination by the Administrative Agent
of an interest rate or fee hereunder shall be conclusive and binding for all
purposes, absent manifest error.

     

    
      
        
        

      

      
        51

        
          

        

      

      
        
        

      

    

     

    (b)           If,
as a result of any restatement of or other adjustment to the financial
statements of the Borrower or for any other reason, the Borrower or the Lenders
determine that (i) the Leverage Ratio as calculated by the Borrower as of any
applicable date was inaccurate and (ii) a proper calculation of the Leverage
Ratio would have resulted in higher pricing for such period, the Borrower shall
immediately be obligated to pay to the Administrative Agent for the account of
the Applicable Lenders, promptly on demand by the Administrative Agent (or,
after the occurrence of an actual or deemed entry of an order for relief with
respect to the Borrower under the Bankruptcy Code of the United States,
automatically and without further action by the Administrative Agent, any Lender
or the L/C Issuer), an amount equal to the excess of the amount of interest and
fees that should have been paid for such period over the amount of interest and
fees actually paid for such period.  This paragraph shall not limit
the rights of the Administrative Agent, any Lender or the L/C Issuer, as the
case may be, under Section 2.03(c)(iii),
2.03(i) or
2.08(b) or
under Article
III.  The Borrower’s obligations under this paragraph shall
survive the termination of the Aggregate Commitments and the repayment of all
other Obligations hereunder.

     

    
      	
            	
              2.11

            	
              Evidence of
      Debt.

            

    

     

    (a)           The
Credit Extensions made by each Lender shall be evidenced by one or more accounts
or records maintained by such Lender and by the Administrative Agent in the
ordinary course of business.  The accounts or records maintained by
the Administrative Agent and each Lender shall be conclusive absent manifest
error of the amount of the Credit Extensions made by the Lenders to the Borrower
and the interest and payments thereon.  Any failure to so record or
any error in doing so shall not, however, limit or otherwise affect the
obligation of the Borrower hereunder to pay any amount owing with respect to the
Obligations.  In the event of any conflict between the accounts and
records maintained by any Lender and the accounts and records of the
Administrative Agent in respect of such matters, the accounts and records of the
Administrative Agent shall control in the absence of manifest
error.  Upon the request of any Lender made through the Administrative
Agent, the Borrower shall execute and deliver to such Lender (through the
Administrative Agent) a Revolving Loan Note, and/or Swing Line Note, as
applicable, which shall evidence such Lender’s Loans in addition to such
accounts or records.  Each Lender may attach schedules to its Notes
and endorse thereon the date, Type (if applicable), amount and maturity of its
Loans and payments with respect thereto.

     

    (b)           In
addition to the accounts and records referred to in subsection (a), each Lender
and the Administrative Agent shall maintain in accordance with its usual
practice accounts or records evidencing the purchases and sales by such Lender
of participations in Letters of Credit and Swing Line Loans.  In the
event of any conflict between the accounts and records maintained by the
Administrative Agent and the accounts and records of any Lender in respect of
such matters, the accounts and records of the Administrative Agent shall control
in the absence of manifest error.

     

    
      
        
        

      

      
        52

        
          

        

      

      
        
        

      

    

     

    
      	
            	
              2.12

            	
              Payments Generally;
      Administrative Agent’s
Clawback.

            

    

     

    (a)           General.  All
payments to be made by the Borrower shall be made without condition or deduction
for any counterclaim, defense, recoupment or setoff.  Except as
otherwise expressly provided herein, all payments by the Borrower hereunder
shall be made to the Administrative Agent, for the account of the respective
Lenders to which such payment is owed, at the Administrative Agent’s Office in
Dollars and in immediately available funds not later than 1:00 p.m. on the date
specified herein.  The Administrative Agent will promptly distribute
to each Lender its Applicable Percentage (or other applicable share as provided
herein) of such payment in like funds as received by wire transfer to such
Lender’s Lending Office.  All payments received by the Administrative
Agent after 1:00 p.m. shall be deemed received on the next succeeding Business
Day and any applicable interest or fee shall continue to accrue.  If
any payment to be made by the Borrower shall come due on a day other than a
Business Day, payment shall be made on the next following Business Day, and such
extension of time shall be reflected in computing interest or fees, as the case
may be.

     

    (b)           (i)           Funding by Lenders;
Presumption by Administrative Agent.  Unless the Administrative
Agent shall have received notice from a Lender prior to the proposed date of any
Borrowing of Eurodollar Rate Loans (or, in the case of any Borrowing of Base
Rate Loans, prior to 12:00 noon on the date of such Borrowing) that such Lender
will not make available to the Administrative Agent such Lender’s share of such
Borrowing, the Administrative Agent may assume that such Lender has made such
share available on such date in accordance with Section 2.02 (or, in
the case of a Borrowing of Base Rate Loans, that such Lender has made such share
available in accordance with and at the time required by Section 2.02) and
may, in reliance upon such assumption, make available to the Borrower a
corresponding amount.  In such event, if a Lender has not in fact made
its share of the applicable Borrowing or any settlement of a Swing Line Loan
pursuant to Section
2.04(c) available to the Administrative Agent, then the applicable Lender
and the Borrower severally agree to pay to the Administrative Agent forthwith on
demand such corresponding amount in immediately available funds with interest
thereon, for each day from and including the date such amount is made available
to the Borrower to but excluding the date of payment to the Administrative
Agent, at (A) in the case of a payment to be made by such Lender, the greater of
the Federal Funds Rate and a rate determined by the Administrative Agent in
accordance with banking industry rules on interbank compensation, plus any
administrative, processing or similar fees customarily charged by the
Administrative Agent in connection with the foregoing, and (B) in the case of a
payment to be made by the Borrower, the interest rate applicable to Base Rate
Loans.  If the Borrower and such Lender shall pay such interest to the
Administrative Agent for the same or an overlapping period, the Administrative
Agent shall promptly remit to the Borrower the amount of such interest paid by
the Borrower for such period.  If such Lender pays its share of the
applicable Borrowing to the Administrative Agent, then the amount so paid shall
constitute such Lender’s Loan included in such Borrowing.  Any payment
by the Borrower shall be without prejudice to any claim the Borrower may have
against a Lender that shall have failed to make such payment to the
Administrative Agent.

     

    
      
        
        

      

      
        53

        
          

        

      

      
        
        

      

    

     

    (ii)           Payments by Borrower;
Presumptions by Administrative Agent.  Unless the
Administrative Agent shall have received notice from the Borrower prior to the
date on which any payment is due to the Administrative Agent for the account of
the Lenders or the L/C Issuer hereunder that the Borrower will not make such
payment, the Administrative Agent may assume that the Borrower has made such
payment on such date in accordance herewith and may, in reliance upon such
assumption, distribute to the Lenders or the L/C Issuer, as the case may be, the
amount due.  In such event, if the Borrower has not in fact made such
payment, then each of the Lenders or the L/C Issuer, as the case may be,
severally agrees to repay to the Administrative Agent forthwith on demand the
amount so distributed to such Lender or the L/C Issuer, in immediately available
funds with interest thereon, for each day from and including the date such
amount is distributed to it to but excluding the date of payment to the
Administrative Agent, at the greater of the Federal Funds Rate and a rate
determined by the Administrative Agent in accordance with banking industry rules
on interbank compensation.

     

    A notice
of the Administrative Agent to any Lender or the Borrower with respect to any
amount owing under this subsection (b) shall be conclusive, absent manifest
error.

     

    (c)           Failure to Satisfy
Conditions Precedent.  If any Lender makes available to the
Administrative Agent funds for any Loan to be made by such Lender as provided in
the foregoing provisions of this Article II, and such
funds are not made available to the Borrower by the Administrative Agent because
the conditions to the applicable Credit Extension set forth in Article IV are not
satisfied or waived in accordance with the terms hereof, the Administrative
Agent shall return such funds (in like funds as received from such Lender) to
such Lender, without interest.

     

    (d)           Obligations of Lenders
Several.  The obligations of the Lenders hereunder to make
Loans, to fund participations in Letters of Credit and Swing Line Loans and to
make payments pursuant to Section 10.04(c) are
several and not joint.  The failure of any Lender to make any Loan, to
fund any such participation or to make any payment under Section 10.04(c) on
any date required hereunder shall not relieve any other Lender of its
corresponding obligation to do so on such date, and no Lender shall be
responsible for the failure of any other Lender to so make its Loan, to purchase
its participation or to make its payment under Section
10.04(c).

     

    (e)           Funding
Source.  Nothing herein shall be deemed to obligate any Lender
to obtain the funds for any Loan in any particular place or manner or to
constitute a representation by any Lender that it has obtained or will obtain
the funds for any Loan in any particular place or manner.

     

    2.13       
Sharing of Payments by
Lenders. If
any Lender shall, by exercising any right of setoff or counterclaim or
otherwise, obtain payment in respect of any principal of or interest on any of
the Loans made by it, or the participations in L/C Obligations or in Swing Line
Loans held by it resulting in such Lender’s receiving payment of a proportion of
the aggregate amount of such Loans or participations and accrued interest
thereon greater than its pro rata share thereof as
provided herein, then the Lender receiving such greater proportion shall (a)
notify the Administrative Agent of such fact, and (b) purchase (for cash at face
value) participations in the Loans and subparticipations in L/C Obligations and
Swing Line Loans of the other Lenders, or make such other adjustments as shall
be equitable, so that the benefit of all such payments shall be shared by the
Lenders ratably in accordance with the aggregate amount of principal of and
accrued interest on their respective Loans and other amounts owing them, provided
that:

     

    
      
        
        

      

      
        54

        
          

        

      

      
        
        

      

    

     

    (i)           if
any such participations or subparticipations are purchased and all or any
portion of the payment giving rise thereto is recovered, such participations or
subparticipations shall be rescinded and the purchase price restored to the
extent of such recovery, without interest; and

     

    (ii)          the
provisions of this Section shall not be construed to apply to (w) any payment
made by the Borrower pursuant to and in accordance with the express terms of
this Agreement, (x) any payment obtained by a Lender as consideration for the
assignment of or sale of a participation in any of its Loans or
subparticipations in L/C Obligations or Swing Line Loans to any assignee or
participant, other than to the Borrower or any Subsidiary thereof (as to which
the provisions of this Section shall apply), (y) any payment obtained by the L/C
Issuer or Swing Line Lender in connection with cash collateral or other
arrangements made in respect of an Impacted Lender.

     

    Each Loan
Party consents to the foregoing and agrees, to the extent it may effectively do
so under Applicable Law, that any Lender acquiring a participation pursuant to
the foregoing arrangements may exercise against such Loan Party rights of setoff
and counterclaim with respect to such participation as fully as if such Lender
were a direct creditor of such Loan Party in the amount of such
participation.

     

    2.14    Increase in
Commitments.

     

    (a)           Request for
Increase.  Provided that (i) there exists no Default, (ii) such
increase is permitted pursuant to the terms and conditions of the Senior Notes
and (iii) such increase would not result in any obligation on the part of any
Loan Party to create any Lien in favor of the holders of the Senior Notes, upon
notice to the Administrative Agent (which shall promptly notify the Lenders),
the Borrower may from time to time, request an increase in the Aggregate
Commitments by an amount (for all such requests) not exceeding $100,000,000;
provided that
(A) any such request for an increase shall be in a minimum amount of
$25,000,000, and (B) the Borrower may make a maximum of three such
requests.  At the time of sending such notice, the Borrower (in
consultation with the Administrative Agent) shall specify the time period within
which each Lender is requested to respond (which shall in no event be less than
ten Business Days from the date of delivery of such notice to the
Lenders).

     

    (b)           Lender Elections to
Increase.  Each Lender shall notify the Administrative Agent
within such time period whether or not it agrees to increase its Commitment and,
if so, whether by an amount equal to, greater than, or less than its Applicable
Percentage of such requested increase.  Any Lender not responding
within such time period shall be deemed to have declined to increase its
Commitment.

     

    (c)           Notification by
Administrative Agent; Additional Lenders.  The Administrative
Agent shall notify the Borrower and each Lender of the Lenders’ responses to
each request made hereunder.  To achieve the full amount of a
requested increase and subject to the approval of the Administrative Agent, the
L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably
withheld), the Borrower may also invite additional Eligible Assignees to become
Lenders pursuant to a joinder agreement in form and substance satisfactory to
the Administrative Agent and its counsel.

    
      
         

      

      
        55

        
          

        

      

      
         

      

    

    (d)           Effective Date and
Allocations.  If the Aggregate Commitments are increased in
accordance with this Section, the Administrative Agent and the Borrower shall
determine the effective date (the “Increase Effective
Date”) and the final allocation of such increase.  The
Administrative Agent shall promptly notify the Borrower and the Lenders of the
final allocation of such increase and the Increase Effective
Date.  For the avoidance of doubt, any Loans made and Letters of
Credit issued following the Increase Effective Date and utilizing any increase
in the Aggregate Commitments shall constitute Obligations for all purposes of
the Loan Documents.

     

    (e)           Conditions to Effectiveness
of Increase.  As a condition precedent to such increase, the
Borrower shall deliver to the Administrative Agent a certificate of each Loan
Party dated as of the Increase Effective Date (in sufficient copies for each
Lender) signed by a Responsible Officer of such Loan Party (i) certifying and
attaching the resolutions adopted by such Loan Party approving or consenting to
such increase, and (ii) in the case of the Borrower, certifying that, before and
after giving effect to such increase, (A) the representations and warranties
contained in Article
V and the other Loan Documents are true and correct on and as of the
Increase Effective Date, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they are true
and correct as of such earlier date, and except that for purposes of this Section 2.14, the
representations and warranties contained in subsection (a) of Section 5.05 shall be deemed
to refer to the most recent statements furnished pursuant to clause (a) of Section 6.01, (B) no Default
exists, (C) the Borrower and the other Loan Parties are in compliance with all
of the terms and conditions of the Senior Notes, and (D) the increase will not
result in any obligation to grant any Liens in favor of the holders of the
Senior Notes.  The Borrower shall prepay any Revolving Loans
outstanding on the Increase Effective Date (and pay any additional amounts
required pursuant to Section 3.05) to the extent
necessary to keep the outstanding Revolving Loans ratable with any revised
Applicable Percentages arising from any nonratable increase in the Commitments
under this Section.

     

    (f)           Conflicting
Provisions.  This Section shall supersede any provisions in
Sections 2.13 or 10.01 to the
contrary.

     

    ARTICLE
III.

    TAXES,
YIELD PROTECTION AND ILLEGALITY

     

    3.01    Taxes.

     

    (a)           Payments Free of
Taxes.  Any and all payments by or on account of any obligation
of the Borrower hereunder or under any other Loan Document shall be made free
and clear of and without reduction or withholding for any Indemnified Taxes or
Other Taxes, provided that if the Borrower or the Administrative Agent shall be
required by Applicable Law to deduct any Indemnified Taxes (including any Other
Taxes) from such payments, then (i) the sum payable shall be increased as
necessary so that after making all required deductions (including deductions
applicable to additional sums payable under this Section) the Administrative
Agent, Lender or L/C Issuer, as the case may be, receives an amount equal to the
sum it would have received had no such deductions been made, (ii) the Borrower
shall make such deductions and (iii) the Borrower shall timely pay the full
amount deducted to the relevant Governmental Authority in accordance with
Applicable Law.  Tax deductions and withholding shall be based on the
information provided pursuant to clause (e) of this Section.

    
      
         

      

      
        56

        
          

        

      

      
         

      

    

    (b)           Payment of Other Taxes by
the Borrower.  Without limiting the provisions of subsection
(a) above, the Borrower shall timely pay any Other Taxes to the relevant
Governmental Authority in accordance with Applicable Law.

     

    (c)           Indemnification by the
Borrower.  The Borrower shall indemnify the Administrative
Agent, each Lender and the L/C Issuer, within 10 days after demand therefor, for
the full amount of any Indemnified Taxes or Other Taxes incurred by or on
account of any obligation of the Borrower hereunder or under any other Loan
Document (including Indemnified Taxes or Other Taxes imposed or asserted on or
attributable to amounts payable under this Section) and paid by the
Administrative Agent, such Lender or the L/C Issuer, as the case may be, and any
penalties, interest and reasonable expenses arising therefrom or with respect
thereto as well as any amount that the Administrative Agent fails to recover
from a Lender or the L/C Issuer as contemplated in the last paragraph of Section 3.01(e), whether or
not such Indemnified Taxes or Other Taxes were correctly or legally imposed or
asserted by the relevant Governmental Authority.  A certificate as to
the amount of such payment or liability delivered to the Borrower by a Lender or
the L/C Issuer (with a copy to the Administrative Agent), or by the
Administrative Agent on its own behalf or on behalf of a Lender or the L/C
Issuer, shall be conclusive absent manifest error.

     

    (d)           Evidence of
Payments.  As soon as practicable after any payment of
Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority,
the Borrower shall deliver to the Administrative Agent the original or a
certified copy of a receipt issued by such Governmental Authority evidencing
such payment, a copy of the return reporting such payment or other evidence of
such payment reasonably satisfactory to the Administrative Agent.

     

    (e)           Status of
Lenders.  Any Foreign Lender that is entitled to an exemption
from or reduction of withholding tax under the law of the jurisdiction in which
the Borrower is resident for tax purposes, or any treaty to which such
jurisdiction is a party, with respect to payments hereunder or under any other
Loan Document shall deliver to the Borrower (with a copy to the Administrative
Agent), at the time or times prescribed by Applicable Law or reasonably
requested by the Borrower or the Administrative Agent, such properly completed
and executed documentation prescribed by Applicable Law as will permit such
payments to be made without withholding or at a reduced rate of
withholding.  In addition, any Lender, if requested by the Borrower or
the Administrative Agent, shall deliver such other documentation prescribed by
Applicable Law or reasonably requested by the Borrower or the Administrative
Agent as will enable the Borrower or the Administrative Agent to determine
whether or not such Lender is subject to backup withholding or information
reporting requirements.

    
      
         

      

      
        57

        
          

        

      

      
         

      

    

    Without
limiting the generality of the foregoing, in the event that the Borrower is
resident for tax purposes in the United States, (i) any Lender that is a “United
States person” within the meaning of section 7701(a)(30) of the Code shall
deliver to the Administrative Agent and the Borrower Internal Revenue Service
Form W-9 or such other documentation or information prescribed by Applicable Law
or reasonably requested by the Administrative Agent or the Borrower to determine
whether such Lender is subject to backup withholding or information reporting
requirements, and (ii) any Foreign Lender shall deliver to the Borrower and the
Administrative Agent (in such number of copies as shall be requested by the
recipient) on or prior to the date on which such Foreign Lender becomes a Lender
under this Agreement (and from time to time thereafter upon the request of the
Borrower or the Administrative Agent, but only if such Foreign Lender is legally
entitled to do so), whichever of the following is applicable:

     

    (A)           duly
completed copies of Internal Revenue Service Form W-8BEN claiming eligibility
for benefits of an income tax treaty to which the United States is a
party,

     

    (B)           duly
completed copies of Internal Revenue Service Form W-8ECI,

     

    (C)           duly
completed copies of Internal Revenue Service Form W-8IMY and all required
supporting documentation,

     

    (D)           in
the case of a Foreign Lender claiming the benefits of the exemption for
portfolio interest under section 881(c) of the Code, (x) a certificate to the
effect that such Foreign Lender is not (1) a “bank” within the meaning of
section 881(c)(3)(A) of the Code, (2) a “10 percent shareholder” of the Borrower
within the meaning of section 881(c)(3)(B) of the Code, or (3) a “controlled
foreign corporation” described in section 881(c)(3)(C) of the Code and (y) duly
completed copies of Internal Revenue Service Form W-8BEN, or

     

    (E)           any
other form prescribed by Applicable Law as a basis for claiming exemption from
or a reduction in United States Federal withholding tax duly completed together
with such supplementary documentation as may be prescribed by Applicable Law to
permit the Borrower to determine the withholding or deduction required to be
made.

     

    Each
Lender and the L/C Issuer shall promptly notify the Borrower and the
Administrative Agent of any change in circumstances that would change any
claimed Tax exemption or reduction.  Each Lender and the L/C Issuer
shall indemnify, hold harmless and reimburse (within 10 days after demand
therefor) the Borrower and the Administrative Agent for any Taxes, losses,
claims, liabilities, penalties, interest and expenses (including reasonable
attorneys’ fees) incurred by or asserted against the Borrower or the
Administrative Agent by any Governmental Authority due to such Lender’s or the
L/C Issuer’s failure to deliver, or inaccuracy or deficiency in, any
documentation required to be delivered by it pursuant to this
Section.  Each Lender and the L/C Issuer authorizes the Administrative
Agent to set off any amounts due to the Administrative Agent under this Section
against any amounts payable to such Lender or the L/C Issuer under any Loan
Document.

    
      
         

      

      
        58

        
          

        

      

      
         

      

    

    (f)           Treatment of Certain
Refunds.  If the Administrative Agent, any Lender or the L/C
Issuer determines, in its sole discretion, that it has received a refund of any
Taxes or Other Taxes as to which it has been indemnified by the Borrower or with
respect to which the Borrower has paid additional amounts pursuant to this
Section, it shall pay to the Borrower an amount equal to such refund (but only
to the extent of indemnity payments made, or additional amounts paid, by the
Borrower under this Section with respect to the Taxes or Other Taxes giving rise
to such refund), net of all out-of-pocket expenses of the Administrative Agent,
such Lender or the L/C Issuer, as the case may be, and without interest (other
than any interest paid by the relevant Governmental Authority with respect to
such refund), provided that the
Borrower, upon the request of the Administrative Agent, such Lender or the L/C
Issuer, agrees to repay the amount paid over to the Borrower (plus any
penalties, interest or other charges imposed by the relevant Governmental
Authority) to the Administrative Agent, such Lender or the L/C Issuer in the
event the Administrative Agent, such Lender or the L/C Issuer is required to
repay such refund to such Governmental Authority.  This subsection
shall not be construed to require the Administrative Agent, any Lender or the
L/C Issuer to make available its tax returns (or any other information relating
to its taxes that it deems confidential) to the Borrower or any other
Person.

     

    3.02     Illegality.  If any
Lender determines that any Law has made it unlawful, or that any Governmental
Authority has asserted that it is unlawful, for any Lender or its applicable
Lending Office to make, maintain or fund Eurodollar Rate Loans, or to determine
or charge interest rates based upon the Eurodollar Rate, or any Governmental
Authority has imposed material restrictions on the authority of such Lender to
purchase or sell, or to take deposits of, Dollars in the London interbank
market, then, on notice thereof by such Lender to the Borrower through the
Administrative Agent, any obligation of such Lender to make or continue
Eurodollar Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans
shall be suspended until such Lender notifies the Administrative Agent and the
Borrower that the circumstances giving rise to such determination no longer
exist.  Upon receipt of such notice, the Borrower shall, upon demand
from such Lender (with a copy to the Administrative Agent), prepay or, if
applicable, convert all Eurodollar Rate Loans of such Lender to Base Rate Loans,
either on the last day of the Interest Period therefor, if such Lender may
lawfully continue to maintain such Eurodollar Rate Loans to such day, or
immediately, if such Lender may not lawfully continue to maintain such
Eurodollar Rate Loans.  Upon any such prepayment or conversion, the
Borrower shall also pay accrued interest on the amount so prepaid or
converted.

     

    3.03     Inability to Determine
Rates.  If the Required Lenders determine that for any reason
in connection with any request for a Eurodollar Rate Loan or a conversion to or
continuation thereof that (a) Dollar deposits are not being offered to banks in
the London interbank eurodollar market for the applicable amount and Interest
Period of such Eurodollar Rate Loan, (b) adequate and reasonable means do not
exist for determining the Eurodollar Rate for any requested Interest Period with
respect to a proposed Eurodollar Rate Loan, or (c) the Eurodollar Rate for any
requested Interest Period with respect to a proposed Eurodollar Rate Loan does
not adequately and fairly reflect the cost to such Lenders of funding such Loan,
the Administrative Agent will promptly so notify the Borrower and each
Lender.  Thereafter, the obligation of the Lenders to make or maintain
Eurodollar Rate Loans shall be suspended until the Administrative Agent (upon
the instruction of the Required Lenders) revokes such notice.  Upon
receipt of such notice, the Borrower may revoke any pending request for a
Borrowing of, conversion to or continuation of Eurodollar Rate Loans or, failing
that, will be deemed to have converted such request into a request for a
Borrowing of Base Rate Loans in the amount specified therein.

    
      
         

      

      
        59

        
          

        

      

      
         

      

    

    3.04    Increased Costs; Reserves on
Eurodollar Rate Loans.

     

    (a)           Increased Costs
Generally.  If any Change in Law shall:

     

    (i)           impose,
modify or deem applicable any reserve, special deposit, compulsory loan,
insurance charge or similar requirement against assets of, deposits with or for
the account of, or credit extended or participated in by, any Lender (except any
reserve requirement contemplated by Section 3.04(e)) or the L/C
Issuer;

     

    (ii)         subject
any Lender or the L/C Issuer to any tax of any kind whatsoever with respect to
this Agreement, any Letter of Credit, any participation in a Letter of Credit or
any Eurodollar Rate Loan made by it, or change the basis of taxation of payments
to such Lender or the L/C Issuer in respect thereof (except for Indemnified
Taxes or Other Taxes covered by Section 3.01 and the
imposition of, or any change in the rate of, any Excluded Tax payable by such
Lender or the L/C Issuer); or

     

    (iii)        impose
on any Lender or the L/C Issuer or the London interbank market any other
condition, cost or expense affecting this Agreement or Eurodollar Rate Loans
made by such Lender or any Letter of Credit or participation
therein;

     

    and the
result of any of the foregoing shall be to increase the cost to such Lender of
making or maintaining any Eurodollar Rate Loan (or of maintaining its obligation
to make any such Loan), or to increase the cost to such Lender or the L/C Issuer
of participating in, issuing or maintaining any Letter of Credit (or of
maintaining its obligation to participate in or to issue any Letter of Credit),
or to reduce the amount of any sum received or receivable by such Lender or the
L/C Issuer hereunder (whether of principal, interest or any other amount) then,
upon request of such Lender or the L/C Issuer, the Borrower will pay to such
Lender or the L/C Issuer, as the case may be, such additional amount or amounts
as will compensate such Lender or the L/C Issuer, as the case may be, for such
additional costs incurred or reduction suffered.

     

    (b)           Capital
Requirements.  If any Lender or the L/C Issuer determines that
any Change in Law affecting such Lender or the L/C Issuer or any Lending Office
of such Lender or such Lender’s or the L/C Issuer’s holding company, if any,
regarding capital requirements has or would have the effect of reducing the rate
of return on such Lender’s or the L/C Issuer’s capital or on the capital of such
Lender’s or the L/C Issuer’s holding company, if any, as a consequence of this
Agreement, the Commitments of such Lender or the Loans made by, or
participations in Letters of Credit held by, such Lender, or the Letters of
Credit issued by the L/C Issuer, to a level below that which such Lender or the
L/C Issuer or such Lender’s or the L/C Issuer’s holding company could have
achieved but for such Change in Law (taking into consideration such Lender’s or
the L/C Issuer’s policies and the policies of such Lender’s or the L/C Issuer’s
holding company with respect to capital adequacy), then from time to time the
Borrower will pay to such Lender or the L/C Issuer, as the case may be, such
additional amount or amounts as will compensate such Lender or the L/C Issuer or
such Lender’s or the L/C Issuer’s holding company for any such reduction
suffered.

    
      
         

      

      
        60

        
          

        

      

      
         

      

    

    (c)           Certificates for
Reimbursement.  A certificate of a Lender or the L/C Issuer
setting forth the amount or amounts necessary to compensate such Lender or the
L/C Issuer or its holding company, as the case may be, as specified in
subsection (a) or (b) of this Section and delivered to the Borrower shall be
conclusive absent manifest error.  The Borrower shall pay such Lender
or the L/C Issuer, as the case may be, the amount shown as due on any such
certificate within 10 days after receipt thereof.

     

    (d)           Delay in
Requests.  Failure or delay on the part of any Lender or the
L/C Issuer to demand compensation pursuant to the foregoing provisions of this
Section shall not constitute a waiver of such Lender’s or the L/C Issuer’s right
to demand such compensation, provided that the
Borrower shall not be required to compensate a Lender or the L/C Issuer pursuant
to the foregoing provisions of this Section for any increased costs incurred or
reductions suffered more than nine months prior to the date that such Lender or
the L/C Issuer, as the case may be, notifies the Borrower of the Change in Law
giving rise to such increased costs or reductions and of such Lender’s or the
L/C Issuer’s intention to claim compensation therefor (except that, if the
Change in Law giving rise to such increased costs or reductions is retroactive,
then the nine-month period referred to above shall be extended to include the
period of retroactive effect thereof).

     

    (e)           Reserves on Eurodollar Rate
Loans.  The Borrower shall pay to each Lender, as long as such
Lender shall be required to maintain reserves with respect to liabilities or
assets consisting of or including Eurocurrency funds or deposits (currently
known as “Eurocurrency liabilities”), additional interest on the unpaid
principal amount of each Eurodollar Rate Loan equal to the actual costs of such
reserves allocated to such Loan by such Lender (as determined by such Lender in
good faith, which determination shall be conclusive), which shall be due and
payable on each date on which interest is payable on such Loan, provided the Borrower
shall have received at least 10 days’ prior notice (with a copy to the
Administrative Agent) of such additional interest from such
Lender.  If a Lender fails to give notice 10 days prior to the
relevant Interest Payment Date, such additional interest shall be due and
payable 10 days from receipt of such notice.

     

    3.05     Compensation for
Losses.  Upon demand of any Lender (with a copy to the
Administrative Agent) from time to time, the Borrower shall promptly compensate
such Lender for and hold such Lender harmless from any loss, cost or expense
incurred by it as a result of:

     

    (a)           any
continuation, conversion, payment or prepayment of any Loan other than a Base
Rate Loan on a day other than the last day of the Interest Period for such Loan
(whether voluntary, mandatory, automatic, by reason of acceleration, or
otherwise);

     

    (b)           any
failure by the Borrower (for a reason other than the failure of such Lender to
make a Loan) to prepay, borrow, continue or convert any Loan other than a Base
Rate Loan on the date or in the amount notified by the Borrower;
or

    
      
         

      

      
        61

        
          

        

      

      
         

      

    

    (c)           any
assignment of a Eurodollar Rate Loan on a day other than the last day of the
Interest Period therefor as a result of a request by the Borrower pursuant to
Section 10.13;

     

    including
any loss of anticipated profits and any loss or expense arising from the
liquidation or reemployment of funds obtained by it to maintain such Loan or
from fees payable to terminate the deposits from which such funds were
obtained.  The Borrower shall also pay any customary administrative
fees charged by such Lender in connection with the foregoing.

     

    For
purposes of calculating amounts payable by the Borrower to the Lenders under
this Section
3.05,
each Lender shall be deemed to have funded each Eurodollar Rate Loan made by it
at the Eurodollar Rate for such Loan by a matching deposit or other borrowing in
the London interbank eurodollar market for a comparable amount and for a
comparable period, whether or not such Eurodollar Rate Loan was in fact so
funded.

     

    3.06     Mitigation Obligations; Replacement
of Lenders.

     

    (a)           Designation of a Different
Lending Office.  If any Lender requests compensation under
Section 3.04, or the Borrower
is required to pay any additional amount to any Lender or any Governmental
Authority for the account of any Lender pursuant to Section 3.01, or if any
Lender gives a notice pursuant to Section 3.02, then such
Lender shall use reasonable efforts to designate a different Lending Office for
funding or booking its Loans hereunder or to assign its rights and obligations
hereunder to another of its offices, branches or affiliates, if, in the judgment
of such Lender, such designation or assignment (i) would eliminate or reduce
amounts payable pursuant to Section 3.01 or Section 3.04, as the case may
be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable,
and (ii) in each case, would not subject such Lender to any unreimbursed cost or
expense and would not otherwise be disadvantageous to such
Lender.  The Borrower hereby agrees to pay all reasonable costs and
expenses incurred by any Lender in connection with any such designation or
assignment.

     

    (b)           Replacement of
Lenders.  If any Lender requests compensation under Section 3.04, or if the
Borrower is required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any
Lender gives a notice pursuant to Section 3.02, the Borrower
may replace such Lender in accordance with Section 10.13.

     

    3.07     Survival.  All of
the Borrower’s obligations under this Article III shall
survive termination of the Aggregate Commitments and repayment of all other
Obligations hereunder.

     

    ARTICLE
IV.

    CONDITIONS
PRECEDENT TO CREDIT EXTENSIONS

     

    4.01     Conditions of Initial Credit
Extension.  The obligation of the L/C Issuer and each Lender to
make its initial Credit Extension hereunder is subject to satisfaction of the
following conditions precedent:

    
      
         

      

      
        62

        
          

        

      

      
         

      

    

    (a)           The
Administrative Agent’s receipt of the following, each of which shall be
originals or telecopies (followed promptly by originals) unless otherwise
specified, each properly executed by a Responsible Officer of the signing Loan
Party (if applicable), each dated the Closing Date (or, in the case of
certificates of governmental officials, a recent date before the Closing Date)
and each in form and substance satisfactory to the Administrative Agent and each
of the Lenders:

     

    (i)           executed
counterparts of this Agreement and the Security Agreement, sufficient in number
for distribution to the Administrative Agent, each Lender and the
Borrower;

     

    (ii)          Notes
executed by the Borrower and delivered to each Lender that requests issuance of
a Note;

     

    (iii)         a
consent executed by the Guarantors pursuant to which each Guarantor consents to
the amendment and restatement of the Existing Credit Agreement by this Agreement
and reaffirms its obligations under the Guaranty;

     

    (iv)        such
certificates of resolutions or other action, incumbency certificates and/or
other certificates of Responsible Officers of each Loan Party as the
Administrative Agent may require evidencing the identity, authority and capacity
of each Responsible Officer thereof authorized to act as a Responsible Officer
in connection with this Agreement and the other Loan Documents to which such
Loan Party is a party;

     

    (v)         such
documents and certifications as the Administrative Agent may reasonably require
to evidence that each Loan Party is duly organized or formed, and that each Loan
Party is validly existing, in good standing and qualified to engage in business
in each jurisdiction where its ownership, lease or operation of properties or
the conduct of its business requires such qualification, except to the extent
that failure to do so could not reasonably be expected to have a Material
Adverse Effect;

     

    (vi)        favorable
opinions of Thompson & Knight L.L.P., and general counsel to the Loan
Parties, addressed to the Administrative Agent and each Lender, as to the
matters set forth in Exhibit D and such
other matters concerning the Loan Parties and the Loan Documents as the
Administrative Agent may reasonably request;

     

    (vii)       a
certificate of a Responsible Officer of each Loan Party either (A) attaching
copies of all consents, licenses and approvals required in connection with the
execution, delivery and performance by such Loan Party and the validity against
such Loan Party of the Loan Documents to which it is a party, and such consents,
licenses and approvals shall be in full force and effect, or (B) stating that no
such consents, licenses or approvals are so required;

     

    (viii)      a
certificate signed by a Responsible Officer of the Borrower certifying (A) that
the conditions specified in Sections 4.02(a) and 4.02(b) have been
satisfied, and (B) that there has been no event or circumstance since the date
of the Audited Financial Statements that has had or could be reasonably expected
to have, either individually or in the aggregate, a Material Adverse
Effect;

    
      
         

      

      
        63

        
          

        

      

      
         

      

    

    (ix)         a
solvency certificate signed by the Treasurer (or such other officer as may be
acceptable to the Administrative Agent) of the Borrower in form and substance
satisfactory to the Administrative Agent;

     

    (x)  
       a Borrowing Base Certificate prepared
as of a date no earlier than 60 days prior to the Closing Date; and

     

    (xi)         such
other assurances, certificates, documents, consents or opinions as the
Administrative Agent, the L/C Issuer, the Swing Line Lender or the Required
Lenders reasonably may require.

     

    (b)           The
Administrative Agent shall have received confirmation that all UCC-3 amendments
relating to the filings previously made to perfect its Liens in the Collateral
have been filed in the appropriate jurisdictions, as well as copies of all UCC
searches of the Borrower and its Material Domestic Subsidiaries, each such
search showing no Liens except Permitted Liens.

     

    (c)           The
Administrative Agent shall have received a list of all Rolling Stock owned by
the Loan Parties (other than Rolling Stock with a de minimis value), which list
shall categorize each item of material Rolling Stock and shall identify whether
such Rolling Stock is evidenced by a certificate of title.

     

    (d)           The
Administrative Agent shall have received executed counterparts of this Agreement
from the Required Lenders.

     

    (e)           Any
fees required to be paid on or before the Closing Date shall have been
paid.

     

    (f)       
    The Administrative Agent shall have received copies of
policies or certificates of insurance for the insurance policies carried by the
Borrower and its Subsidiaries, all in compliance with the Loan
Documents.

     

    (g)           Unless
waived by the Administrative Agent, the Borrower shall have paid all fees,
charges and disbursements of counsel to the Administrative Agent to the extent
invoiced prior to or on the Closing Date, plus such additional amounts of such
fees, charges and disbursements as shall constitute its reasonable estimate of
such fees, charges and disbursements incurred or to be incurred by it through
the closing proceedings (provided that such estimate shall not thereafter
preclude a final settling of accounts between the Borrower and the
Administrative Agent).

     

    (h)           There
shall not have occurred a material adverse change (x) in the operations,
business, properties, liabilities (actual or contingent), or condition
(financial or otherwise) of the Borrower and its Subsidiaries, taken as a whole,
since May 31, 2008 or (y) in the facts and information regarding such entities
represented to date.

     

    (i)      
     The Administrative Agent shall be satisfied that
no action, suit, investigation, litigation or proceeding is pending or
threatened in any court or before any arbitrator or other Governmental Authority
that could reasonably be expected to (i) have a Material Adverse Effect, or
could impair the Borrower’s ability to perform satisfactorily under this
Agreement or (ii) materially and adversely affect this Agreement or the
transactions contemplated thereby.

    
      
         

      

      
        64

        
          

        

      

      
         

      

    

    (j)    
       The Administrative Agent shall have
received, in form and detail satisfactory to it, financial statements dated as
of February 28, 2009.

     

    (k)           Upon
giving effect to the Total Outstandings as of the Closing Date, Availability
shall be at least $100,000,000.

     

    (l)       
    The Administrative Agent shall have completed its
business, financial and legal due diligence of the Loan Parties, including a
field exam and an appraisal with results satisfactory to the Administrative
Agent.

     

    Without
limiting the generality of the last paragraph of Section 9.03 or the
provisions of Section
9.04,
for purposes of determining compliance with the conditions specified in this
Section 4.01, each Lender
that has signed this Agreement shall be deemed to have consented to, approved or
accepted or to be satisfied with, each document or other matter required
thereunder to be consented to or approved by or acceptable or satisfactory to a
Lender unless the Administrative Agent shall have received notice from such
Lender prior to the proposed Closing Date specifying its objection
thereto.

     

    4.02     Conditions to all Credit
Extensions.  The obligation of each Lender to honor any Request
for Credit Extension (other than a Revolving Loan Notice requesting only a
conversion of Revolving Loans to the other Type, or a continuation of Eurodollar
Rate Loans) is subject to the following conditions precedent:

     

    (a)           The
representations and warranties of the Borrower and each other Loan Party
contained in Article
V or any other Loan Document, or which are contained in any document
furnished at any time under or in connection herewith or therewith, shall be
true and correct on and as of the date of such Credit Extension, except to the
extent that such representations and warranties specifically refer to an earlier
date, in which case they shall be true and correct as of such earlier date, and
except that for purposes of this Section 4.02, the
representations and warranties contained in subsection (a) of Section 5.05 shall be deemed
to refer to the most recent statements furnished pursuant to clause (a) of Section 6.01.

     

    (b)           No
Default shall exist, or would result from such proposed Credit Extension or from
the application of the proceeds thereof.

     

    (c)           The
Administrative Agent and, if applicable, the L/C Issuer or the Swing Line Lender
shall have received a Request for Credit Extension in accordance with the
requirements hereof.

     

    Each
Request for Credit Extension (other than a Revolving Loan Notice requesting only
a conversion of Revolving Loans to the other Type or a continuation of
Eurodollar Rate Loans) submitted by the Borrower shall be deemed to be a
representation and warranty that the conditions specified in Sections 4.02(a) and 4.02(b) have been
satisfied on and as of the date of the applicable Credit
Extension.

    
      
         

      

      
        65

        
          

        

      

      
         

      

    

    Upon
satisfaction of all the conditions specified in Sections 4.01 and 4.02, the Existing
Credit Agreement will be amended and restated by this Agreement (with all loans
outstanding thereunder and the Existing Letters of Credit being renewed and
continued) and all Liens securing obligations under the Existing Credit
Agreement shall be automatically continued.

     

    ARTICLE
V.

    REPRESENTATIONS
AND WARRANTIES

     

    The
Borrower represents and warrants to the Administrative Agent and the Lenders
that:

     

    5.01     Existence, Qualification and Power;
Compliance with Laws.  The Borrower and each Subsidiary (a) is
duly organized or formed, validly existing and in good standing under the Laws
of the jurisdiction of its incorporation or organization, (b) has all requisite
power and authority and all requisite governmental licenses, authorizations,
consents and approvals to (i) own or lease its assets and carry on its business
and (ii) execute, deliver and perform its obligations under the Loan Documents
to which it is a party, (c) is duly qualified and is licensed and in good
standing under the Laws of each jurisdiction where its ownership, lease or
operation of properties or the conduct of its business requires such
qualification or license, and (d) is in compliance with all Laws; except in each
case referred to in clause (b)(i), (c) or (d), to the extent that failure to do
so could not reasonably be expected to have a Material Adverse
Effect.

     

    5.02     Authorization; No
Contravention.  The execution, delivery and performance by each
Loan Party of each Loan Document to which such Person is party, have been duly
authorized by all necessary corporate or other organizational action, and do not
and will not (a) contravene the terms of any of such Person’s Organization
Documents; (b) conflict with or result in any breach or contravention of, or the
creation of any Lien under, or require any payment to be made under (i) any
Contractual Obligation to which such Person is a party or affecting such Person
or the properties of such Person or any of its Subsidiaries or (ii) any order,
injunction, writ or decree of any Governmental Authority or any arbitral award
to which such Person or its property is subject; or (c) violate any
Law.  The Borrower and each Subsidiary is in compliance with all
Contractual Obligations referred to in clause (b)(i), except to the extent that
failure to do so could not reasonably be expected to have a Material Adverse
Effect.

     

    5.03     Governmental Authorization; Other
Consents.  No approval, consent, exemption, authorization, or
other action by, or notice to, or filing with, any Governmental Authority or any
other Person is necessary or required in connection with the execution, delivery
or performance by, or enforcement against, any Loan Party of this Agreement or
any other Loan Document.

     

    5.04     Binding
Effect.  This Agreement has been, and each other Loan Document,
when delivered hereunder, will have been, duly executed and delivered by each
Loan Party that is party thereto.  This Agreement constitutes, and
each other Loan Document when so delivered will constitute, a legal, valid and
binding obligation of such Loan Party, enforceable against each Loan Party that
is party thereto in accordance with its terms, except as limited by (a) Debtor
Relief Laws and (b) the effect of general principles of equity whether applied
by a court of Law or equity.

    
      
         

      

      
        66

        
          

        

      

      
         

      

    

    5.05     Financial Statements; No Material
Adverse Effect; No Internal Control Event.

     

    (a)           The
Audited Financial Statements (i) were prepared in accordance with GAAP
consistently applied throughout the period covered thereby, except as otherwise
expressly noted therein; (ii) fairly present the financial condition of the
Borrower and its Subsidiaries as of the date thereof and their results of
operations for the period covered thereby in accordance with GAAP consistently
applied throughout the period covered thereby, except as otherwise expressly
noted therein; and (iii) show all material consolidated indebtedness and other
liabilities, direct or contingent, of the Borrower and its Subsidiaries as of
the date thereof, including liabilities for taxes, material commitments and
Debt, as and to the extent required to be reported in accordance with
GAAP.

     

    (b)           Since
the date most recent financial statements furnished pursuant to clause (a), (b)
or (c) of Section
6.01
(or, prior to the delivery of the first such financial statements, since the
date of the Audited Financial Statements), there has been no event or
circumstance (including, without limitation, an Internal Control Event), either
individually or in the aggregate, that has had or could reasonably be expected
to have a Material Adverse Effect.

     

    (c)           The
Borrower and its Subsidiaries have no Off-Balance Sheet Liabilities except for
any sale and leaseback transactions permitted under Section 7.12.

     

    5.06     Litigation.  There
are no actions, suits, proceedings, claims or disputes pending or, to the
knowledge of the Borrower after due and diligent investigation, threatened or
contemplated, at law, in equity, in arbitration or before any Governmental
Authority, by or against the Borrower or any of its Subsidiaries or against any
of their properties or revenues that (a) purport to affect or pertain to this
Agreement or any other Loan Document, or any of the transactions contemplated
hereby, or (b) either individually or in the aggregate, would reasonably be
expected to have a Material Adverse Effect.

     

    5.07     No Default.  Neither
the Borrower nor any Subsidiary is in default under or with respect to any
Contractual Obligation that could, either individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect.  No Default
has occurred and is continuing or would result from the consummation of the
transactions contemplated by this Agreement or any other Loan
Document.

     

    5.08     Ownership of Property;
Liens.  Each of the Borrower and each Subsidiary has good
record and marketable title in fee simple to, or valid leasehold interests in,
all real property necessary or used in the ordinary conduct of its business,
except for such defects in title as could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect.  The
property of the Borrower and its Subsidiaries is subject
to no Liens, other than Liens permitted by Section 7.01.

    
      
         

      

      
        67

        
          

        

      

      
         

      

    

    5.09     Environmental
Compliance.

     

    (a)           Permits,
Etc.  The Borrower and its Subsidiaries (i) have obtained all
material Environmental Permits required by Governmental Authorities necessary
for the ownership and operation of their respective properties and the conduct
of their respective businesses, except for such Environmental Permits the
absence of which would not, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect; (ii) are in compliance with all
terms and conditions of such Environmental Permits, if any, and with all other
material requirements of applicable Environmental Laws, except where such
failure to comply would not, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect; (iii) have not received notice of
any violation or alleged violation of any Environmental Law or Environmental
Permit; and (iv) are not subject to any actual or contingent Environmental
Liability, in each case in clauses (iii) and (iv) immediately preceding where
the effect would individually or in the aggregate be reasonably expected to have
a Material Adverse Effect.

     

    (b)           Certain
Liabilities.  None of the present or, to the Borrower’s
knowledge, previously owned or operated Properties of the Borrower or of any of
its present or former Subsidiaries, wherever located, (i) has been placed on or
proposed to be placed on the National Priorities List, the Comprehensive
Environmental Response Compensation Liability Information System list, or their
state or local analogs, or have been otherwise investigated, designated, listed
or identified as a potential site for removal, remediation, cleanup, closure,
restoration, reclamation, or other response activity under any Environmental
Laws, except for any such Property with respect to which such event would not,
individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect; (ii) is subject to a Lien, arising under or in connection with
any Environmental Laws, that attaches to any revenues or to any Property owned
or operated by the Borrower or any of its Subsidiaries, wherever located, which
would individually or in the aggregate reasonably be expected to have a Material
Adverse Effect; or (iii) has been the site of any Release of Hazardous Materials
from present or past operations which has caused at the site or at any third
party site any condition that has resulted in or would individually or in the
aggregate reasonably be expected to result in the need for Response that would
cause a Material Adverse Effect.

     

    (c)           Certified
Actions.  Without limiting the foregoing, (i) all necessary
notices have been properly filed, and no further action is required under
current Environmental Law as to each Response or other restoration or remedial
project taken by the Borrower, or its present or former Subsidiaries on any of
their presently or formerly owned or operated Properties, except where the
failure to do so would not individually or in the aggregate be reasonably
expected to have a Material Adverse Effect and (ii) the present and future
liability, if any, of the Borrower and its Subsidiaries which would reasonably
be expected to arise in connection with requirements under Environmental Laws
would not individually or in the aggregate be reasonably expected to have a
Material Adverse Effect.

    
      
         

      

      
        68

        
          

        

      

      
         

      

    

    5.10     Insurance.  The
properties of the Borrower and its Subsidiaries are insured
with financially sound and reputable insurance companies not Affiliates of the
Borrower, in such amounts, with such deductibles and covering such risks as are
customarily carried by companies engaged in similar businesses and owning
similar properties in localities where the Borrower or the applicable Subsidiary
operates.

     

    5.11     Taxes.  The Borrower
and its Subsidiaries have filed
all Federal, state and other material tax returns and reports required to be
filed, and have paid all Federal, state and other material taxes shown on such
returns and all other assessments, fees and other governmental charges levied or
imposed upon them or their properties, income or assets otherwise due and
payable, except those which are being contested in good faith by appropriate
proceedings diligently conducted and for which adequate reserves have been
provided in accordance with GAAP.  There is no proposed tax assessment
against the Borrower or any Subsidiary that would,
if made, have a Material Adverse Effect.  Other than the Tax Sharing
and Indemnity Agreement between the Borrower and Chaparral Steel Company that
was entered into in connection with the Spin-Off Transaction (as defined in the
Existing Credit Agreement), neither the Borrower nor any Subsidiary is party to
any tax sharing agreement with any party outside the Borrower’s consolidated
group.

     

    5.12     ERISA Compliance.

     

    (a)           Each
Plan is in compliance with the applicable provisions of ERISA, the Code and
other Federal or state Laws, except such noncompliance as could not,
individually or in the aggregate, be reasonably expected to have a Material
Adverse Effect.  Each Plan that is intended to qualify under Section
401(a) of the Code has qualified in form and operation under such Section and,
to the best knowledge of the Borrower, nothing has occurred which would prevent,
or cause the loss of, such qualification.  The Borrower and each ERISA
Affiliate have made all required contributions to each Plan subject to Section
412 of the Code, and no application for a funding waiver or an extension of any
amortization period pursuant to Section 412 of the Code has been made with
respect to any Plan.

     

    (b)           There
are no pending or, to the best knowledge of the Borrower, threatened claims,
actions or lawsuits, or action by any Governmental Authority, with respect to
any Plan that could reasonably be expected to have a Material Adverse
Effect.  There has been no prohibited transaction or violation of the
fiduciary responsibility rules with respect to any Plan that has resulted or
could reasonably be expected to result in a Material Adverse
Effect.

     

    (c)           (i)           No
ERISA Event has occurred or is reasonably expected to occur that, individually
or in the aggregate, could reasonably be expected to have a Material Adverse
Effect; (ii) no Pension Plans have any Unfunded Pension Liability, individually
or in the aggregate for all Pension Plans, in an amount which could reasonably
be expected to have a Material Adverse Effect; (iii) neither the Borrower nor
any ERISA Affiliate has incurred, or reasonably expects to incur, any liability
under Title IV of ERISA with respect to any Pension Plan (other than premiums
due and not delinquent under Section 4007 of ERISA); (iv) neither the Borrower
nor any ERISA Affiliate has incurred, or reasonably expects to incur, any
liability (and no event has occurred which, with the giving of notice under
Section 4219 of ERISA, would result in such liability) under Sections 4201 or
4243 of ERISA with respect to a Multiemployer Plan; and (v) neither the Borrower
nor any ERISA Affiliate has engaged in a transaction that could be subject to
Sections 4069 or 4212(c) of ERISA.

    
      
         

      

      
        69

        
          

        

      

      
         

      

    

    5.13     Subsidiaries; Equity
Interests.  As of the Closing Date, the Borrower has no
Subsidiaries other than those specifically disclosed in Part (a) of Schedule 5.13, and all of the
outstanding Equity Interests in such Subsidiaries have been validly issued, are
fully paid and nonassessable and are owned by a Loan Party in the amounts
specified on Part (a) of Schedule 5.13 free and clear
of all Liens other than the Administrative Agent’s Lien.  As of the
Closing Date, the Borrower has no equity investments in any other corporation or
entity other than those specifically disclosed in Part (b) of Schedule 5.13.  All
of the outstanding Equity Interests in the Borrower have been validly issued,
are fully paid and nonassessable.

     

    5.14     Margin Regulations; Investment
Company Act.

     

    (a)           The
Borrower is not engaged and will not engage, principally or as one of its
important activities, in the business of purchasing or carrying margin stock
(within the meaning of Regulation U issued by the FRB), or extending credit for
the purpose of purchasing or carrying margin stock.  Following the
application of the proceeds of each Borrowing or drawing under each Letter of
Credit, not more than 25% of the value of the assets (either of the Borrower
only or of the Borrower and its Subsidiaries on a consolidated basis) subject to
the provisions of Section 7.01 or Section 7.05 or subject to
any restriction contained in any agreement or instrument between the Borrower
and any Lender or any Affiliate of any Lender relating to Debt and within the
scope of Section
8.01(e)
will be margin stock.

     

    (b)           None
of the Borrower, any Person Controlling the Borrower, or any Subsidiary is or is
required to be registered as an “investment company” under the Investment
Company Act of 1940.

     

    5.15     Disclosure.  The
Borrower has disclosed to the Administrative Agent and the Lenders all
agreements, instruments and corporate or other restrictions to which it or any
of its Subsidiaries is subject, and all other matters known to it, that,
individually or in the aggregate, could reasonably be expected to result in a
Material Adverse Effect.  No report, financial statement, certificate
or other information furnished (whether in writing or orally) by or on behalf of
any Loan Party to the Administrative Agent or any Lender in connection with the
transactions contemplated hereby and the negotiation of this Agreement or
delivered hereunder or under any other Loan Document (in each case, as modified
or supplemented by other information so furnished) contains any material
misstatement of fact or omits to state any material fact necessary to make the
statements therein, in the light of the circumstances under which they were made
and on the dates on which they were made, not misleading; provided that, with
respect to projected financial information, the Borrower represents only that
such information was prepared in good faith based upon assumptions believed to
be reasonable at the time.

     

    5.16     Compliance with
Laws.  Each of the Borrower and each Subsidiary is in
compliance in all material respects with the requirements of all Laws and all
orders, writs, injunctions and decrees applicable to it or to its properties,
except in such instances in which (a) such requirement of Law or order, writ,
injunction or decree is being contested in good faith by appropriate proceedings
diligently conducted or (b) the failure to comply therewith, either individually
or in the aggregate, could not reasonably be expected to have a Material Adverse
Effect.

    
      
         

      

      
        70

        
          

        

      

      
         

      

    

    5.17     Intellectual Property; Licenses,
Etc. The
Borrower and its Subsidiaries own, or possess the right to use, all of the
trademarks, service marks, trade names, copyrights, patents, patent rights,
franchises, licenses and other intellectual property rights (collectively,
“IP Rights”)
that are reasonably necessary for the operation of their respective businesses,
without conflict with the rights of any other Person, except for such conflicts
that, either individually or in the aggregate, could not reasonably be expected
to have a Material Adverse Effect.  To the knowledge of the Borrower,
no slogan or other advertising device, product, process, method, substance, part
or other material now employed, or now contemplated to be employed, by the
Borrower or any Subsidiary infringes
upon any rights held by any other Person, except for such infringements that,
either individually or in the aggregate, could not reasonably be expected to
have a Material Adverse Effect.  No claim or litigation regarding any
of the foregoing is pending or, to the best knowledge of the Borrower,
threatened, which, either individually or in the aggregate, could reasonably be
expected to have a Material Adverse Effect.

     

    5.18     Common
Enterprise.  The operations of the Borrower and its Subsidiaries require
financing on a basis such that the credit supplied can be made available from
time to time to the Borrower and various of its Subsidiaries, as required for
the continued successful operation of the Borrower and its Subsidiaries as a
whole.  The Borrower has requested the Lender to make credit available
hereunder primarily for the purposes set forth in Section 6.11 and generally
for the purposes of financing the operations of the Borrower and its
Subsidiaries.  The Borrower and each of its Subsidiaries expects to
derive benefit (and the Board of Directors or other similar governing body of
the Borrower and each of its Subsidiaries has
determined that such Subsidiary may reasonably be expected to derive benefit),
directly or indirectly, from a portion of the credit extended by the Lenders
hereunder, both in its separate capacity and as a member of the group of
companies, since the successful operation and condition of the Borrower and each
of its Subsidiaries
is enhanced by the continued successful performance of the functions of the
group as a whole.  The Borrower acknowledges that, but for the
agreement by each of the Guarantors to execute and deliver the Guaranty, the
Administrative Agent and the Lenders would not have made available the credit
facilities established hereby on the terms set forth herein.

     

    5.19     Solvent.  The
Borrower is, and the Borrower and its Subsidiaries are on a consolidated basis,
Solvent.

     

    5.20     Taxpayer Identification
Number.  The Borrower’s true and correct U.S. taxpayer
identification number is set forth on Schedule 10.02.

     

    5.21     Security
Interests.  All Liens of the Administrative Agent in the
Collateral (other than Liens of the Administrative Agent in (a) Rolling Stock
that is not Eligible Rolling Stock, (b) deposit accounts for which a control
agreement is not required under Section 6.15, and (c) prior
to the date on which the Borrower and its Subsidiaries are required to perfect
such Liens pursuant to Section 6.14, Aggregates
constituting as-extracted collateral) are duly perfected, first priority Liens,
subject only to Permitted Liens.

    
      
         

      

      
        71

        
          

        

      

      
         

      

    

    ARTICLE
VI.

    AFFIRMATIVE
COVENANTS

     

    So long
as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall
remain outstanding, the Borrower shall, and shall (except in the case of the
covenants set forth in Sections 6.01, 6.02, and 6.03) cause each Subsidiary
to:

     

    6.01     Financial
Statements.  Deliver to the Administrative Agent and each
Lender, in form and detail satisfactory to the Administrative Agent and the
Required Lenders:

     

    (a)           as
soon as available, but in any event within 90 days after the end of each fiscal
year of the Borrower (commencing with the fiscal year ended May 31, 2009),
a consolidated and, to the extent prepared by the Borrower, consolidating
balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal
year, and the related consolidated and, to the extent prepared by the Borrower,
consolidating statements of income or operations, shareholders’ equity and cash
flows for such fiscal year, setting forth in each case in comparative form the
figures for the previous fiscal year, all in reasonable detail and, with respect
to the consolidated statements, prepared in accordance with GAAP, such
consolidated statements to be audited and accompanied by (i) a report and
opinion of a Registered Public Accounting Firm of nationally recognized standing
reasonably acceptable to the Required Lenders, which report and opinion shall be
prepared in accordance with generally accepted auditing standards and applicable
Securities Laws and shall not be subject to any “going concern” or like
qualification or exception or any qualification or exception as to the scope of
such audit and (ii) an attestation report of such Registered Public Accounting
Firm as to the Borrower’s internal controls pursuant to Section 404 of
Sarbanes-Oxley, and, to the extent prepared by the Borrower, such consolidating
statements to be certified by a Responsible Officer of the Borrower to the
effect that such statements are fairly stated in all material respects when
considered in relation to the consolidated financial statements of the Borrower
and its Subsidiaries;

     

    (b)           as
soon as available, but in any event within 45 days after the end of each of the
first three fiscal quarters of each fiscal year of the Borrower (commencing with
the fiscal quarter ended August 31, 2009), a consolidated and,
to the extent prepared by the Borrower, consolidating balance sheet of the
Borrower and its Subsidiaries as at the end of such fiscal quarter, and the
related consolidated and, to the extent prepared by the Borrower, consolidating
statements of income or operations, shareholders’ equity and cash flows for such
fiscal quarter and for the portion of the Borrower’s fiscal year then ended,
setting forth in each case in comparative form the figures for the corresponding
fiscal quarter of the previous fiscal year and the corresponding portion of the
previous fiscal year, all in reasonable detail, such consolidated statements to
be certified by a Responsible Officer of the Borrower as fairly presenting the
financial condition, results of operations, shareholders’ equity and cash flows
of the Borrower and its Subsidiaries in accordance with GAAP, subject only to
normal year-end audit adjustments and the absence of footnotes and, to the
extent prepared by the Borrower, such consolidating statements to be certified
by a Responsible Officer of the Borrower to the effect that such statements are
fairly stated in all material respects when considered in relation to the
consolidated financial statements of the Borrower and its
Subsidiaries;

    
      
         

      

      
        72

        
          

        

      

      
         

      

    

    (c)           during
any Trigger Period, as soon as available but in any event within 30 days after
the end of each month in such Trigger Period (but within 60 days after the last
month in a fiscal year), a consolidated and, to the extent prepared by the
Borrower, consolidating statement of income or operations of the Borrower and
its Subsidiaries as at the end of such month and for the portion of the
Borrower’s fiscal year then ended, setting forth in each case in comparative
form the figures for the corresponding month of the previous fiscal year and the
corresponding portion of the previous fiscal year, all in reasonable detail,
such consolidated statement to be certified by a Responsible Officer of the
Borrower as fairly presenting in all material respects the results of operations
of the Borrower and its Subsidiaries (except that such statement was not
prepared in accordance with GAAP) and, to the extent prepared by the Borrower,
such consolidating statement to be certified by a Responsible Officer of the
Borrower to the effect that such statement is fairly stated in all material
respects when considered in relation to the consolidated statement of income or
operations of the Borrower and its Subsidiaries; and

     

    (d)           as
soon as available, but in any event no more than 45 days after the end of each
fiscal year of the Borrower (or during a Trigger Period no more than 15 days
after the end of the fiscal year of the Borrower), forecasts prepared by
management of the Borrower, in form satisfactory to the Administrative Agent, of
consolidated balance sheets and statements of income or operations and cash
flows of the Borrower and its Subsidiaries on a quarterly basis for the
immediately following fiscal year (including the fiscal year in which the
Maturity Date occurs).

     

    6.02     Certificates; Other
Information.  Deliver to the Administrative Agent and each
Lender, in form and detail satisfactory to the Administrative
Agent:

     

    (a)           concurrently
with the delivery of the financial statements referred to in Sections 6.01(a), (b) and (c) (commencing
with the delivery of the financial statements for the fiscal year ended
May 31, 2009), a duly completed Compliance Certificate signed by a Responsible
Officer of the Borrower, which shall include a calculation of the Fixed Charge
Coverage Ratio whether or not a Trigger Period exists;

     

    (b)           promptly
after any request by the Administrative Agent, copies of any detailed audit
reports, management letters or recommendations submitted to the board of
directors (or the audit committee of the board of directors) of the Borrower by
independent accountants in connection with the accounts or books of the Borrower
or any Subsidiary, or any audit of any of them;

     

    (c)           promptly
after the same are available, copies of each annual report, proxy or financial
statement or other report or communication sent to the stockholders of the
Borrower, and copies of all annual, regular, periodic and special reports and
registration statements which the Borrower may file or be required to file with
the SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934, and
not otherwise required to be delivered to the Administrative Agent pursuant
hereto;

     

    (d)           promptly
after the furnishing thereof, copies of any statement or report furnished to any
holder of debt securities of any Loan Party or any Subsidiary thereof pursuant
to the terms of any indenture, loan or credit or similar agreement and not
otherwise required to be furnished to the Lenders pursuant to Section 6.01 or any other
clause of this Section
6.02;

    
      
         

      

      
        73

        
          

        

      

      
         

      

    

    (e)           promptly,
and in any event within five Business Days after receipt thereof by any Loan
Party or any Subsidiary thereof, copies of each notice or other correspondence
received from the SEC (or comparable agency in any applicable non-U.S.
jurisdiction) concerning any investigation or possible investigation by such
agency regarding financial or other operational results of any Loan Party or any
Subsidiary thereof;

     

    (f)           within
15 Business Days after the end of each month (but within 20 Business Days
following the end of May 2009), and at such other times as the Administrative
Agent may request during the existence of an Event of Default or any failure to
satisfy the Minimum Covenant Threshold, a Borrowing Base Certificate calculated
as of the end of the applicable period, in each case duly completed by a
Responsible Officer of the Borrower;

     

    (g)           within
five Business Days following the start of each Trigger Period, a calculation of
the Fixed Charge Coverage Ratio as of the end of the previous
month;

     

    (h)           within
15 Business Days after the end of each month, an Accounts aging for each Loan
Party’s Accounts organized by Account Debtor and calculated as of the end of the
preceding month and, promptly following the Administrative Agent request
therefor, reports specifying each Account's Account Debtor name and address,
amount, invoice date and due date, showing any discount, allowance, credit,
authorized return or dispute, and including such proof of delivery, copies of
invoices and invoice registers, copies of related documents, repayment
histories, status reports and other information as Administrative Agent may
reasonably request;

     

    (i)         
  promptly (and in any event within one Business Day) after obtaining
knowledge thereof, notice if Accounts of any Loan Party in an aggregate face
amount of $1,000,000 or more cease to be Eligible Accounts;

     

    (j)       
    promptly (and in any event within one Business Day)
after obtaining knowledge thereof, notice if the aggregate Value of all
Inventory (other than replacement parts and manufacturing supplies) returned by
the Loan Parties to suppliers, vendors or other Persons in any month exceeds
$1,000,000; and

     

    (k)           promptly,
such additional information regarding the business, financial or corporate
affairs of the Borrower or any Subsidiary, or compliance with the terms of the
Loan Documents, as the Administrative Agent or any Lender may from time to time
reasonably request.

    
      
         

      

      
        74

        
          

        

      

      
         

      

    

     

    Documents required to be delivered pursuant to Section
6.01 or Section
6.02 may be delivered electronically and if so delivered,
shall be deemed to have been delivered on the date (i) on which the Borrower
posts such documents, or provides a link thereto on the Borrower’s website on
the Internet at the website address listed on Schedule
10.02; or (ii) on which such documents are posted on the
Borrower’s behalf on an Internet or intranet website, if any, to which each
Lender and the Administrative Agent have access (whether a commercial,
third-party website or whether sponsored by the Administrative Agent); provided
that:  (A) the Borrower shall deliver paper copies of such documents
to the Administrative Agent or any Lender that requests the Borrower to deliver
such paper copies until a written request to cease delivering paper copies is
given by the Administrative Agent or such Lender and (B) the Borrower shall
notify the Administrative Agent and each Lender (by telecopier or electronic
mail) of the posting of any such documents and provide to the Administrative
Agent by electronic mail electronic versions (i.e.,
soft copies) of such documents.  Except for Compliance Certificates
required pursuant to Section
6.02(a), the Administrative Agent shall have no obligation to
request the delivery or to maintain copies of the documents referred to above,
and in any event shall have no responsibility to monitor compliance by the
Borrower with any such request for delivery, and each Lender shall be solely
responsible for requesting delivery to it or maintaining its copies of such
documents.

     

    The Borrower hereby acknowledges that (a) the
Administrative Agent and/or the Arranger will make available to the Lenders and
the L/C Issuer materials and/or information provided by or on behalf of the
Borrower hereunder (collectively, “Borrower
Materials”) by posting the Borrower Materials on IntraLinks or another
similar electronic system (the “Platform”)
and (b) certain of the Lenders (each, a “Public
Lender”) may have personnel who do not wish to receive material
non-public information with respect to the Borrower or its Affiliates, or the
respective securities of any of the foregoing, and who may be engaged in
investment and other market related activities with respect to such Persons’
securities.  The Borrower hereby agrees that (w) all Borrower
Materials that are to be made available to Public Lenders shall be clearly and
conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word
“PUBLIC” shall appear prominently on the first page thereof; (x) by marking
Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the
Administrative Agent, the Arranger, the L/C Issuer and the Lenders to treat such
Borrower Materials as not containing any material non-public information with
respect to the Borrower or its securities for purposes of United States Federal
and state securities laws (provided,
however,
that to the extent such Borrower Materials constitute Information, they shall be
treated as set forth in Section
10.07); (y) all Borrower Materials marked “PUBLIC” are permitted
to be made available through a portion of the Platform designated “Public
Investor;” and (z) the Administrative Agent and the Arranger shall be entitled
to treat any Borrower Materials that are not marked “PUBLIC” as being suitable
only for posting on a portion of the Platform not designated “Public
Investor.”  Notwithstanding the foregoing, the Borrower shall be under
no obligation to mark any Borrower Materials “PUBLIC.”

     

    6.03         Notices.  Promptly
notify the Administrative Agent and each Lender:

     

    (a)           of
the occurrence of any Default;

     

    (b)           of
any matter that has resulted or could reasonably be expected to result in a
Material Adverse Effect, including such matters as (i) breach or non-performance
of, or any default under, a Contractual Obligation of the Borrower or any
Subsidiary; (ii) any dispute, litigation, investigation, proceeding or
suspension between the Borrower or any Subsidiary
and any Governmental Authority; or (iii) the commencement of, or any material
development in, any litigation or proceeding affecting the Borrower or any
Subsidiary, including pursuant to any applicable Environmental
Laws;

    
      
         

      

      
        75

        
          

        

      

      
         

      

    

    (c)           of
any litigation, investigation or proceeding affecting any Loan Party in which
the damages, penalties, fines or other sanctions could reasonably be expected to
exceed $5,000,000 (to the extent not covered by independent third-party
insurance) or in which injunctive relief or similar relief is sought, which
relief, if granted, could be reasonably expected to have a Material Adverse
Effect;

     

    (d)           of
the occurrence of any ERISA Event;

     

    (e)           of
any material change in accounting policies or financial reporting practices by
the Borrower or any Subsidiary, including any determination by the Borrower
referred to in Section
2.01(b); and

     

    (f)           of
the occurrence of any Internal Control Event.

     

    Each notice pursuant to this Section shall be accompanied
by a statement of a Responsible Officer of the Borrower setting forth details of
the occurrence referred to therein and stating what action the Borrower has
taken and proposes to take with respect thereto.  Each notice pursuant
to Section
6.03(a) shall describe with particularity any and all
provisions of this Agreement and any other Loan Document that have been
breached.

     

    6.04         Payment of
Obligations.  Pay and discharge as the same shall become due
and payable, all its material obligations and liabilities, including (a) all
material tax liabilities, assessments and governmental charges or levies upon it
or its properties or assets, unless the same are being contested in good faith
by appropriate proceedings diligently conducted and adequate reserves in
accordance with GAAP are being maintained by the Borrower or such Subsidiary;
(b) all material lawful claims which, if unpaid, would by law become a Lien upon
its property, unless the same are being contested in good faith by appropriate
proceedings diligently pursued and adequate reserves in accordance with GAAP are
being maintained by the Borrower or such Subsidiary; and (c) all Debt in a
principal amount of at least $1,000,000, as and when due and payable, but
subject to any subordination provisions contained in any instrument or agreement
pertaining to such Debt.

     

    6.05         Preservation of
Existence, Etc.  (a) Preserve, renew and maintain in full force
and effect its legal existence and good standing under the Laws of the
jurisdiction of its organization except in a transaction permitted by Section
7.04; (b) take all reasonable action to maintain all rights,
privileges, permits, licenses and franchises necessary or desirable in the
normal conduct of business, except to the extent that failure to do so could not
reasonably be expected to have a Material Adverse Effect; and (c) preserve or
renew all of its registered patents, trademarks, trade names and service marks,
the non-preservation of which could reasonably be expected to have a Material
Adverse Effect.

    
      
         

      

      
        76

        
          

        

      

      
         

      

    

    6.06         Maintenance of
Properties.  (a) Maintain, preserve and protect all of its
material properties and equipment necessary in the operation of its business in
good working order and condition, ordinary wear and tear excepted; (b) make all
necessary repairs thereto and renewals and replacements thereof except where the
failure to do so could not reasonably be expected to have a Material Adverse
Effect;
and (c) use the standard of care typical in the industry in the operation
and maintenance of its facilities.

     

    6.07         Maintenance of
Insurance.  Maintain with financially sound and reputable
insurance companies not Affiliates of the Borrower, insurance with respect to
its properties and business against loss or damage of the kinds customarily
insured against by Persons engaged in the same or similar business, of such
types and in such amounts as are customarily carried under similar circumstances
by such other Persons.  Notwithstanding the foregoing, the Borrower
shall, and shall cause each Subsidiary to, maintain (a) property insurance for
the Collateral covering casualty, hazard, theft, malicious mischief, flood and
other risks (i) in amounts not less than the Value for the Collateral, (ii) with
deductibles substantially the same as those in effect on the Closing Date or
otherwise satisfactory to the Administrative Agent, and (iii) from insurers with
a Best Rating of at least A7 (unless otherwise approved by the Administrative
Agent), and (b) business interruption insurance substantially the same as that
in effect on the Closing Date or otherwise satisfactory to the Administrative
Agent.  Such insurance policies shall (1) provide for not less than 30
days prior notice to the Administrative Agent of termination, lapse or
cancellation of such insurance, and (2) with respect to insurance covering
Collateral, name the Administrative Agent as loss payee.

     

    6.08         Compliance with
Laws.  Comply in all material respects with the requirements of
all Laws and all orders, writs, injunctions and decrees applicable to it or to
its business or property, except in such instances in which (a) such requirement
of Law or order, writ, injunction or decree is being contested in good faith by
appropriate proceedings diligently conducted; or (b) the failure to comply
therewith could not reasonably be expected to have a Material Adverse
Effect.

     

    6.09         Books and
Records.  Maintain proper books of record and account, in which
full, true and correct entries in conformity with GAAP consistently applied
shall be made of all financial transactions and matters involving the assets and
business of the Borrower or such Subsidiary, as the case may be.

     

    6.10         Inspection
Rights.  (a) Permit representatives and independent contractors
of the Administrative Agent or selected by the Required Lenders (accompanied by
any Lender which so elects with the consent of the Administrative Agent) to
visit and inspect any of its properties, to examine its corporate, financial and
operating records, and make copies thereof or abstracts therefrom, and to
discuss its affairs, finances and accounts with its directors, officers, and
independent public accountants, at such reasonable times during normal business
hours and as often as may be reasonably desired, upon reasonable advance notice
to the Borrower; provided,
however,
that when an Event of Default exists the Administrative Agent or any Lender (or
any of their respective representatives or independent contractors) may do any
of the foregoing at any time during normal business hours and without advance
notice; and (b) reimburse the Administrative Agent for all reasonable charges,
costs and expenses of the Administrative Agent in connection with (i)
examinations of any Loan Party’s books and records or any other financial or
Collateral matters as the Administrative Agent deems appropriate, up to four
times per twelve month period, (ii) appraisals of Inventory up to two times per
twelve month period, and (iii) appraisals of Rolling Stock up to four times per
twelve month period; provided,
however,
that if an examination or appraisal is initiated during the existence of an
Event of Default, all reasonable charges, costs and expenses therefor shall be
reimbursed by the Borrower without regard to such limits.  Subject to
and without limiting the foregoing, the Borrower specifically agrees to pay the
Administrative Agent’s then standard charges for each day that an employee of
the Administrative Agent or its Affiliates is engaged in any examination
activities.  The limitations on expense reimbursements in this Section
shall not be construed to limit the Administrative Agent’s right to conduct
examinations or to obtain appraisals at any time in its discretion, as provided
above, nor to use third parties for such purposes.

    
      
         

      

      
        77

        
          

        

      

      
         

      

    

    6.11         Use of
Proceeds.  Use the proceeds of the Credit Extensions for
working capital, capital expenditures to the extent permitted hereunder, and for
other general corporate purposes not in contravention of any Law or of any Loan
Document.

     

    6.12         Further
Assurances.  At any time or from time to time upon reasonable
request by the Administrative Agent, the Borrower shall or shall cause any of
the Borrower’s Subsidiaries
to execute and deliver such further documents and do such other acts and things
as the Administrative Agent may reasonably request in order to effect fully the
purposes of this Agreement and the other Loan Documents and to provide for
payment of the Obligations in accordance with the terms of this Agreement and
the other Loan Documents.

     

    6.13         Additional
Subsidiaries.  Within ten Business Days after the time that (a)
any Person becomes a Domestic Subsidiary as a result of the creation of such
Subsidiary or an Acquisition or otherwise, (i) such Subsidiary, if it is a
Material Domestic Subsidiary, shall execute (x) a Guaranty, and (y) a Security
Agreement, to secure the Secured Obligations, and (ii) 100% of such Subsidiary’s
Equity Interests shall be pledged to secure the Secured Obligations, and (b) any
Domestic Subsidiary that was not a Material Domestic Subsidiary becomes a
Material Domestic Subsidiary, such Subsidiary shall execute a Guaranty and a
Security Agreement, and in each case with respect to
subsections (a) and (b) above, the Lenders shall receive such board
resolutions, officer’s certificates, corporate and other documents and opinions
of counsel as the Administrative Agent shall reasonably request in connection
with the actions described in such subsections.  Within thirty days
after the time that any Person becomes a Foreign Subsidiary owned directly by
the Borrower or a Domestic Subsidiary as a result of the creation of such
Subsidiary or an Acquisition or otherwise, (i)
66% of the Subsidiary’s Equity Interests owned directly by the Borrower or any
such Domestic Subsidiary shall be pledged to secure the Secured Obligations and
(ii) the Lenders shall receive such board resolutions, officer’s certificates,
corporate and other documents and opinions of counsel as the Administrative
Agent shall reasonably request in connection with such
pledge.

     

    6.14         Collateral.  To
secure full and complete payment and performance of the Secured Obligations, the
Borrower shall execute and deliver or cause to be executed and delivered the
documents described below covering the property and collateral described in this
Section
6.14 (which, together with any other property and
collateral which may now or hereafter secure the Secured Obligations or any part
thereof, is sometimes herein called the “Collateral”):

    
      
         

      

      
        78

        
          

        

      

      
         

      

    

    (a)           The
Borrower will, and will cause each of its Material Domestic Subsidiaries to,
grant to Administrative Agent, for the benefit of the Secured Parties, a first
priority security interest (subject only to Permitted Liens) in all of its
Accounts, chattel paper, instruments, documents, books, records,
letter-of-credit rights, Inventory, machinery, equipment, Rolling Stock,
financial assets, investment property, contract rights, deposit accounts,
trademarks, patents, copyrights, other material intellectual property, payment
intangibles, other general intangibles, commercial tort claims, 100% of Equity
Interests in its Material Domestic Subsidiaries and 66% of Equity Interests in
Foreign Subsidiaries owned directly by the Borrower or any Domestic Subsidiary,
and other personal property subject to the Lien granted pursuant to the Security
Agreement, whether now owned or hereafter acquired, and all products and cash
and non-cash proceeds thereof, pursuant to the Security Agreement, provided in
all cases that, notwithstanding anything to the contrary herein or in the other
Loan Documents, (i) perfection and priority in such collateral shall be limited
to the extent that perfection may be obtained (A) by the filing of a centralized
UCC-1 financing statement, (B) by patent, trademark or copyright office filings
in the United States of America (provided, that following the Closing Date the
Administrative Agent shall only perfect its security interest in after-acquired
patents, trademarks and copyrights to the extent such intellectual property is
material to the business of any Loan Party as reasonably determined by such Loan
Party), (C) by possession and indorsement of stock certificates, chattel paper
and instruments, (D) automatically pursuant to the UCC, (E) by entering into
deposit account or securities account control agreements, (F) by the filing of
UCC-1 financing statements on Aggregates constituting as-extracted collateral in
the applicable real property records, (G) by compliance with the procedures set
forth in any applicable certificate of title statutes for perfecting a Lien on
Rolling Stock, including the notation of the Administrative Agent’s Lien on the
certificates of title therefor, but only to the extent authorized under Section 6.14(c), and (H) in the case of locomotives and railcars, by the
filing of a mortgage or security agreement with the Surface Transportation Board
of the U.S. Department of Transportation, and (ii) the security interest shall
not cover (A) any fixtures or real property, (B) any assets subject to a Lien
permitted by clause (f) of the
definition of “Permitted Liens”, or (C) any assets with respect to which there
are effective and enforceable legal restrictions against the granting of a
security interest therein.  Notwithstanding
clause (i)(F) above to the contrary,
the Administrative Agent will not perfect its Lien on Aggregates constituting
as-extracted collateral by the filing of financing statements in the applicable
real property records until the first to occur of (1) an Event of Default, (2)
Availability is less than $60,000,000, or (3) notice of a transaction described
in clause (b) below (in
which case the Administrative Agent shall only perfect its Lien on Aggregates
constituting as-extracted collateral located at the relevant
property).

     

    (b)           The
Borrower shall, and shall cause each Subsidiary to, provide the Administrative
Agent with not less than 30 days prior written notice of its intention to grant
a Lien securing Debt (other than the Obligations) on the Mill Creek, Bridgeport,
Midlothian, Hunter or Oro Grande plants or any other real estate at which
Aggregates with a Value equal to or exceeding $5,000,000 are located, which
notice shall include a legal description of such real estate and the name of the
fee owner thereof.  Neither the Borrower nor any Subsidiary shall
grant a Lien described in the preceding sentence until after such time as the
Administrative Agent has filed a UCC-1 financing statement in the applicable
real property records perfecting its Lien in any Aggregates constituting
as-extracted collateral that are mined or extracted from such real
estate.

    
      
         

      

      
        79

        
          

        

      

      
         

      

    

    (c)           Within
60 days following the Closing Date, the Borrower shall, and shall cause each
Subsidiary to, (i) use commercially reasonable efforts to provide the
Administrative Agent with each certificate of title evidencing Rolling Stock
then constituting Collateral and a mortgage or security agreement describing all
locomotives and railcars then constituting Collateral, in form and substance
satisfactory to the Administrative Agent, for filing with the Surface
Transportation Board of the U.S. Department of Transportation, and (ii) agree
with the Administrative Agent as to which items of such Rolling Stock evidenced
by a certificate of title shall have the Administrative Agent’s Lien noted on
the certificates of title therefor in order to provide the Administrative Agent
with perfected Liens on such Rolling Stock with significant NOLV while excluding
such Rolling Stock with de minimis value.  Following the receipt of
such mortgage or security agreement, the Administrative Agent shall file the
same with the Surface Transportation Board of the U.S. Department of
Transportation, and following receipt of such certificates of title and the
completion of such agreement with the Borrower as to which of such certificates
shall have the Administrative Agent’s Lien noted thereon, the Administrative
Agent shall arrange for such notations and otherwise perfect such
Lien.  As the Borrower and its Subsidiaries from time to time acquire
additional locomotive and railcars, they shall give prompt notice thereof to the
Administrative Agent and shall provide to the Administrative Agent additional
mortgages and security agreements (or amendments or supplements to previous
mortgages and security agreements) describing such additional locomotives and
railcars and in form and substance satisfactory to the Administrative Agent for
filing with the Surface Transportation Board of the U.S. Department of
Transportation.  As the Borrower and its Subsidiaries from time to
time acquire additional Rolling Stock evidenced by certificates of title, they
shall promptly deliver such certificates of title to the Administrative Agent to
be held by it subject to the terms of this subsection (c).  Except
with respect to after-acquired Rolling Stock, Rolling Stock shall only be
eligible for inclusion in the Rolling Stock Formula Amount on Rolling Stock
Determination Dates and only if such Rolling Stock is included in the appraisal
delivered in connection therewith.  The Borrower may from time to time
elect to authorize the Administrative Agent to note its Lien on one or more
certificates of title for specified items of Rolling Stock and to take all other
action required to perfect such Lien, but, except as agreed pursuant to clause
(ii) of the first sentence of this subsection (c), the Administrative Agent
shall otherwise have no authority to note such Lien on any certificate of title
for Rolling Stock or to take other action (beyond the filing of centralized
financing statements) to perfect its Lien on Rolling Stock evidenced by
certificates of title, provided that, at any time when an Event of Default has
occurred and is continuing or Availability is less than $60,000,000, the
Borrower shall, and shall cause each Subsidiary to, comply with the procedures
set forth in any applicable certificate of title statutes for perfecting the
Administrative Agent’s Lien on all Rolling Stock designated by the
Administrative Agent, including the notation of the Administrative Agent’s Lien
on the certificates of title therefor.

     

    (d)           The
Borrower will, and will cause each Material Domestic Subsidiary to, execute and
deliver and cause to be executed and delivered such further documents and
instruments as Administrative Agent, in its sole discretion, deems necessary or
desirable to evidence and perfect its Liens in the Collateral.

    
      
         

      

      
        80

        
          

        

      

      
         

      

    

    6.15         Administration of
Deposit Accounts.

     

    (a)           Schedule
6.15 sets forth a list of all deposit accounts maintained
by the Loan Parties, including all Dominion Accounts.  Within 30 days
following the Closing Date, the Borrower shall, and shall cause each other Loan
Party to, take all actions necessary to establish the Administrative Agent’s
control, for the purposes of Section 9-1.04 of the UCC, of each such
deposit account (other than an account exclusively used for payroll, payroll
taxes or employee benefits, or Petty Cash Accounts).  The applicable
Loan Party(ies) shall be the sole account holder of each deposit account and
shall not allow any other Person (other than the Administrative Agent) to have
control over a deposit account or any property deposited therein.  The
Borrower shall promptly notify the Administrative Agent of any opening or
closing of a deposit account by any Loan Party(ies) and, with the consent of the
Administrative Agent, will amend Schedule
6.15 to reflect same.  The Borrower shall, and
shall cause each other Loan Party to, maintain Bank of America as the Loan
Parties’ principal depository bank.

     

    (b)           The
Borrower shall maintain Dominion Accounts pursuant to lockbox or other
arrangements acceptable to the Administrative Agent.  The Borrower
shall obtain an agreement (in form and substance satisfactory to the
Administrative Agent) from each lockbox servicer and Dominion Account bank
requiring immediate deposit of all remittances received in the lockbox to a
Dominion Account and waiving offset rights of such servicer or bank, except for
customary administrative charges.  The Administrative Agent and the
other Secured Parties assume no responsibility to the Loan Parties for any
lockbox arrangement or Dominion Account, including any claim of accord and
satisfaction or release with respect to any checks or drafts accepted by any
bank.

     

    (c)           The
Borrower shall, and shall cause each other Loan Party to, request in writing and
otherwise take all necessary steps to ensure that all payments on Accounts,
chattel paper and instruments or otherwise relating to Collateral are made
directly to a Dominion Account (or a lockbox relating to a Dominion
Account).  The Borrower shall, and shall cause each other Loan Party
to, hold any cash or checks with respect to any Collateral received by such Loan
Party in trust for the Administrative Agent and promptly (not later than the
next Business Day) mail or deposit the same into a lockbox or Dominion Account,
provided, that miscellaneous payments from local transactions may be deposited
into Petty Cash Accounts.

     

    (d)           The
Borrower shall not permit the aggregate amount on deposit in the Petty Cash
Accounts to exceed $500,000 at any time, provided, that during a Trigger Period
the Borrower shall not permit the amount on deposit in any individual Petty Cash
Account to exceed $10,000 for five consecutive Business Days and on or before
such fifth Business Day shall transfer all amounts on deposit therein exceeding
$10,000 to a Dominion Account.

     

    (e)           At
all times during a Trigger Period, the Administrative Agent shall apply the
funds deposited into each Dominion Account as provided in Section 2.07(c).  At all times other than during a Trigger
Period, the Administrative Agent shall cause all funds deposited into any
Dominion Account to be promptly transferred to one or more operating accounts
specified by the Borrower in accordance with this
Agreement.

    
      
         

      

      
        81

        
          

        

      

      
         

      

    

    ARTICLE
VII.

    NEGATIVE
COVENANTS

     

    So
long as any Lender shall have any Commitment hereunder, any Loan or other
Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit
shall remain outstanding, the Borrower shall not, nor shall it permit any
Subsidiary to, directly or indirectly:

     

    7.01         Liens.  Create,
incur, assume or suffer to exist any Lien upon any of its property, assets or
revenues, whether now owned or hereafter acquired, other than Permitted
Liens.

     

    7.02         Investments.  Make
any Investments, except:

     

    (a)           Cash
Equivalents;

     

    (b)           Investments
in one or more Subsidiaries or Persons which become Subsidiaries (including
Guaranties of their obligations to the extent the related Debt is permitted
hereunder) that (i) are subject to the provisions hereof, (ii) comply with Section
6.13 and (iii) if an Acquisition, complies with Section
7.02(e);

     

    (c)           Accounts
receivable that arise in the ordinary course of business and are payable on
standard terms or which have been converted to a note receivable or an Equity
Interest;

     

    (d)           Investments
in existence on the Closing Date which are described on Schedule
7.02(d);

     

    (e)           Acquisitions,
provided
(i) immediately before and after giving effect to such proposed Acquisition
there shall exist no Default and the Minimum Covenant Threshold shall be
satisfied, (ii) such Acquisition shall not be opposed by the board of directors
(or other governing body) of the Person being acquired, (iii) if the aggregate
Acquisition Consideration for such proposed Acquisition exceeds $10,000,000, the
Administrative Agent shall have received a Compliance Certificate at least 10
Business Days prior to the date of such Acquisition setting forth the covenant
calculations in Section
7.11 both immediately before and after giving effect to
the proposed Acquisition, (iv) the assets, property or business acquired shall
be in the types of businesses presently engaged in by the Borrower and its
Subsidiaries, and (v) if such Acquisition results in a Subsidiary, the
Administrative Agent shall have received any documentation required by Section
6.13, provided,
further
that no Accounts, Inventory or Rolling Stock acquired in any Acquisition shall
be eligible for inclusion in the Borrowing Base until after the Administrative
Agent has concluded a field exam thereon and all eligibility criteria therefor
are otherwise satisfied; and

     

    (f)           Investments
not otherwise permitted pursuant to this Section
7.02, provided
that immediately before and after giving effect to such proposed Investment
there shall exist no Default and the Minimum Covenant Threshold shall be
satisfied.

     

    7.03         Debt.  Create,
incur, assume or suffer to exist any Debt, except:

     

    (a)           Debt
under the Loan Documents;

    
      
         

      

      
        82

        
          

        

      

      
         

      

    

    (b)           Guaranties
in respect of Debt permitted by this Section
7.03;

     

    (c)           Debt
outstanding on the date hereof and listed on Schedule
7.03(c) and any refinancings, refundings, renewals or
extensions thereof; provided
that (i) the amount of such Debt is not increased at the time of such
refinancing, refunding, renewal or extension except by an amount equal to a
reasonable premium or other reasonable amount paid, and fees and expenses
reasonably incurred, in connection with such refinancing and by an amount equal
to any existing commitments unutilized thereunder and (ii) the terms relating to
principal amount, amortization, maturity, collateral (if any) and subordination
(if any), and other material terms taken as a whole, of any such refinancing,
refunding, renewing or extending Debt, and of any agreement entered into and of
any instrument issued in connection therewith, are no less favorable in any
material respect to the Loan Parties or the Lenders than the terms of any
agreement or instrument governing the Debt being refinanced, refunded, renewed
or extended and the interest rate applicable to any such refinancing, refunding,
renewing or extending Debt does not exceed the then applicable market interest
rate;

     

    (d)           Debt
incurred to purchase assets, provided,
that immediately before and after giving effect to such proposed Debt there
shall exist no Default and the Minimum Covenant Threshold shall be
satisfied;

     

    (e)           Debt
under the Senior Notes;

     

    (f)           Debt
in respect of intercompany loans between and among any of the Borrower and any
Guarantor, each of which such loans shall be evidenced by a promissory note,
provided that such Debt is subordinate to any Obligations under any of the Loan
Documents and under the Senior Notes in form and substance satisfactory to the
Administrative Agent;

     

    (g)           obligations
(contingent or otherwise) of the Borrower or any Subsidiary existing or arising
under any Swap Contract, provided
that such obligations are (or were) entered into in the ordinary course of
business for the purpose of (i) directly mitigating risks associated with
liabilities, commitments, investments, assets, or property held or reasonably
anticipated by the Borrower and its Subsidiaries, or changes in the value of
securities issued by the Borrower and its Subsidiaries, and not for purposes of
speculation or taking a “market view”, or (ii) unwinding, in whole or in part,
Swap Contracts entered into for a purpose described in the preceding clause
(i);

     

    (h)           Guaranties
in respect of transactions by the Borrower or any Subsidiaries permitted under
this Agreement;

     

    (i)           consolidated
cash management obligations in the ordinary course of business among the
Borrower and the Guarantors;

     

    (j)           other
unsecured Debt not otherwise permitted pursuant to this Section
7.03, provided,
(i) immediately before and after giving effect to such Debt there shall exist no
Default, and (ii) such unsecured Debt shall not have (w) any scheduled
amortization or mandatory prepayments or obligations to repurchase prior to six
months after the Maturity Date, and (x) any terms, covenants and provisions that
are materially more restrictive on the Borrower and its Subsidiaries than this
Agreement or provide materially greater enforcement rights than the enforcement
rights of the Administrative Agent and the Lenders under the Loan Documents;
and

    
      
         

      

      
        83

        
          

        

      

      
         

      

    

    (k)           unsecured
or secured Debt (including Capitalized Lease Obligations) not otherwise
permitted pursuant to this Section
7.03, provided
(i) immediately before and after giving effect to such proposed Debt there shall
exist no Default and the Minimum Covenant Threshold shall be satisfied, and (ii)
the aggregate outstanding principal amount of all such Debt shall not exceed
$25,000,000.

     

    7.04         Fundamental
Changes.  Merge, dissolve, liquidate, consolidate with or into
another Person except that, so long as no Default exists or would result
therefrom any Subsidiary may merge with (a) the Borrower, provided
that the Borrower shall be the continuing or surviving Person, or (b) any one or
more other Subsidiaries, provided
that when any Guarantor is merging with another Subsidiary, a Guarantor shall be
the continuing or surviving Person.

     

    7.05         Dispositions.  Make
any Disposition or enter into any agreement to make any Disposition,
except:

     

    (a)           Dispositions
of obsolete or worn out property, whether now owned or hereafter acquired, in
the ordinary course of business;

     

    (b)           Dispositions
of Inventory in the ordinary course of business;

     

    (c)           the
sale, discount, or transfer of delinquent accounts receivable in the ordinary
course of business for purposes of collection;

     

    (d)           Dispositions
of equipment or real property or other property to the extent (i) such property
is exchanged for credit against the purchase price of property used or usable in
the conduct of a line of business permitted by Section
7.07 or (ii) the Net Cash Proceeds of such Disposition are
applied within 355 days after such Disposition to the purchase price or
improvement of property used or usable in the conduct of a line of business
permitted by Section
7.07;

     

    (e)           Dispositions
of property by the Borrower or any Subsidiary to the Borrower or to a
Wholly-Owned Subsidiary or a Guarantor; provided
that if the transferor of such property is the Borrower or a Guarantor, the
transferee thereof must either be the Borrower or a Guarantor;

     

    (f)           Dispositions
permitted by Section
7.02, 7.03, 7.04 or 7.06; and

     

    (g)           so
long as there exists no Default immediately before and after giving effect to
any such transaction, Dispositions not otherwise permitted in
clauses (a) through (f) above, the Net Cash Proceeds of which are applied in
accordance with Section
2.05(d);

     

    provided,
however,
that any Disposition shall be for fair market
value.

    
      
         

      

      
        84

        
          

        

      

      
         

      

    

    7.06         Restricted
Payments.  Declare or make, directly or indirectly, any
Restricted Payment, or incur any obligation (contingent or otherwise) to do so,
except that, so long as no Default shall have occurred and be continuing at the
time of any action described below or would result therefrom:

     

    (a)           each
Subsidiary may make Restricted Payments to the Borrower, the Guarantors and any
other Person that owns an Equity Interest in such Subsidiary, ratably according
to their respective holdings of the type of Equity Interest in respect of which
such Restricted Payment is being made;

     

    (b)           the
Borrower and each Subsidiary may declare and make any Dividends or other
distributions payable solely in the common stock or other common Equity
Interests of such Person; and

     

    (c)           the
Borrower may declare and make other Restricted Payments payable in cash,
provided that immediately before and after giving effect to any such Restricted
Payment there shall exist no Default and the Minimum Covenant Threshold shall be
satisfied.

     

    Nothing in this Section
7.06 shall prohibit any transaction among the Borrower and
its Subsidiaries that is expressly permitted under Sections
7.02, 7.03 or 7.04.

     

    7.07         Change in Nature of
Business.  Engage in any material line of business
substantially different from those lines of business conducted by the Borrower
and its Subsidiaries on the date hereof or any business substantially related or
incidental thereto.

     

    7.08         Transactions with
Affiliates.  Enter into any transaction of any kind with any
Affiliate of the Borrower (other than a Guarantor), whether or not in the
ordinary course of business, other than on fair and reasonable terms
substantially as favorable to the Borrower or such Subsidiary as would be
obtainable by the Borrower or such Subsidiary at the time in a comparable arm’s
length transaction with a Person other than an Affiliate.

     

    7.09         Burdensome
Agreements.  Enter into any Contractual Obligation (other than
this Agreement or any other Loan Document) that (a) limits the ability (i) of
any Subsidiary to make Restricted Payments to the Borrower or any Guarantor or
to otherwise transfer property to the Borrower or any Guarantor, (ii) of any
Subsidiary to Guarantee the Secured Obligations of the Borrower or (iii) of the
Borrower or any Subsidiary to create, incur, assume or suffer to exist Liens in
favor of the Administrative Agent on property of such Person; provided,
however,
that the restrictions above shall not (A) prohibit any negative pledge or other
restriction incurred or provided (x) in favor of any holder of Debt permitted
under Section
7.03(d) or Section
7.03(k), in each case solely to the extent any such negative
pledge relates to the property financed by or the subject of such Debt or (y)
with respect to the Senior Notes, (B) apply to restrictions and conditions
relating to the sale of a Subsidiary pending such sale, provided
such restrictions or conditions apply only to the Subsidiary that is to be sold
and such sale is permitted hereunder and (C) apply to customary provisions in
leases and other contracts restricting the assignment or pledge thereof; or (b)
requires the grant of a Lien other than a Permitted Lien to secure an obligation
of such Person if a Lien is granted to secure another obligation of such
Person.

    
      
         

      

      
        85

        
          

        

      

      
         

      

    

    7.10         Use of
Proceeds.  Use the proceeds of any Credit Extension, whether
directly or indirectly, and whether immediately, incidentally or ultimately, to
purchase or carry margin stock (within the meaning of Regulation U of the FRB)
or to extend credit to others for the purpose of purchasing or carrying margin
stock or to refund indebtedness originally incurred for such
purpose.

     

    7.11         Financial
Covenant. During any
Trigger Period, permit the Fixed Charge Coverage Ratio to be less than 1.10 to
1.00.

     

    7.12         Sale and
Leaseback.  Enter into any arrangement whereby it sells or
transfers any of its assets and thereafter rents or leases such assets, unless
before and after giving effect thereto no Event of Default shall exist and
Availability shall be equal to or greater than $60,000,000.

     

    7.13         Sale or Discount of
Receivables.  Sell, with or without recourse, for discount or
otherwise, any notes or accounts receivable, other than (a) bad debts sold in
accordance with regular collection procedures and (b) notes payable to the Loan
Parties by purchasers of real estate as a result of real estate Dispositions in
compliance with this Agreement, provided, that (i) before and after giving
effect to any sale of a real estate note no Event of Default shall exist and
Availability shall be equal to or greater than $60,000,000, and (ii) each sale
of a real estate note shall be on a non-recourse basis and otherwise on ordinary
market terms.

     

    7.14         Debt
Modifications.  Amend, modify or supplement the Senior Notes or
any Debt permitted pursuant to Section
7.03(j), in any way that causes such unsecured Debt to have (a)
any scheduled amortization or mandatory prepayments or obligations to repurchase
prior to six months after the Maturity Date or (b) any terms, covenants and
provisions that are materially more restrictive on the Borrower and its
Subsidiaries than this Agreement or provide materially greater enforcement
rights than the enforcement rights of the Administrative Agent and the Lenders
under this Agreement and the other Loan Documents.

     

    7.15         Debt
Payments.  Prepay, pay, redeem, purchase in any manner, or make
any payment in respect of, or transfer any property in payment of or as security
for the payment of, or establish any sinking fund, reserve or analogous fund for
the redemption, retirement, prepayment or repayment of, any principal of,
interest on, or any fees or other amounts related to any Subordinated Debt, the
Senior Notes or any Debt permitted pursuant to Section
7.03(j) (collectively, “Restricted
Debt Payments”), except (a) regularly scheduled payments of interest in
respect of the Senior Notes and Debt permitted pursuant to Section
7.03(j), (b) regularly scheduled payment of interest in respect of
any such Subordinated Debt, provided that immediately before and after giving
effect thereto there is no Default, (c) provided that immediately before and
after giving effect thereto there is no Default and the Minimum Covenant
Threshold is satisfied, any other Restricted Debt
Payments.

    
      
         

      

      
        86

        
          

        

      

      
         

      

    

    ARTICLE
VIII.

    EVENTS
OF DEFAULT AND REMEDIES

     

    8.01         Events of
Default.  Any of the following shall constitute an Event of
Default:

     

    (a)           Non-Payment.  The
Borrower or any other Loan Party fails to pay when and as required to be paid
any Obligation (whether at stated maturity, on demand or otherwise) or any other
amount payable hereunder or under any other Loan Document; or

     

    (b)           Specific
Covenants.  The Borrower or any Subsidiary, as applicable,
fails to perform or observe any term, covenant or agreement contained in any of
(i) Section
6.02(f), 6.03(a), 6.07, 6.10, 6.11, 6.12 or 6.15 or Article
VII of this Agreement, (ii) in the
Guaranty, or (iii) Section 4.1(a)
through (e),
4.2(a),
4.7,
4.9 or
4.10 of
the Security Agreement; or

     

    (c)           Other
Defaults.  The Borrower or any Subsidiary, as applicable, fails
to perform or observe any other covenant or agreement (not specified in
subsection (a) or (b) above) contained in any Loan Document on its part to
be performed or observed and such failure continues for 30 days after the
Administrative Agent has given notice thereof (which may be by electronic
communication) to the Borrower; or

     

    (d)           Representations
and Warranties.  Any representation, warranty, certification or
statement of fact made or deemed made by or on behalf of the Borrower or any
Subsidiary herein, in any other Loan Document, or in any document delivered in
connection herewith or therewith shall be incorrect or misleading in any
material respect when made or deemed made; or

     

    (e)           Cross-Default.  (i)
The Borrower or any Subsidiary (A) fails to make any payment when due (whether
by scheduled maturity, required prepayment, acceleration, demand, or otherwise)
in respect of any Debt or Guarantee (other than Debt hereunder and Debt under
Swap Contracts) having an aggregate principal amount (including amounts owing to
all creditors under any combined or syndicated credit arrangement) of more than
$10,000,000, or (B) fails to observe or perform any other agreement or condition
relating to any such Debt or Guarantee or contained in any instrument or
agreement evidencing, securing or relating thereto, or any other event occurs,
the effect of which default or other event is to cause, or to permit the holder
or holders of such Debt or the beneficiary or beneficiaries of such Guarantee
(or a trustee or agent on behalf of such holder or holders or beneficiary or
beneficiaries) to cause, with the giving of notice if required, such Debt to be
demanded or to become due or to be repurchased, prepaid, defeased or redeemed
(automatically or otherwise), or an offer to repurchase, prepay, defease or
redeem such Debt to be made, prior to its stated maturity, or such Guarantee to
become payable or cash collateral in respect thereof to be demanded; or (ii)
there occurs under any Swap Contract an Early Termination Date (as defined in
such Swap Contract) resulting from (A) any event of default under such Swap
Contract as to which the Borrower or any Subsidiary is the Defaulting Party (as
defined in such Swap Contract) or (B) any Termination Event (as so defined)
under such Swap Contract as to which the Borrower or any Subsidiary is an
Affected Party (as so defined) and, in either event, the Swap Termination Value
owed by the Borrower or such Subsidiary as a result thereof is greater than
$10,000,000 and is not paid within five Business Days thereafter;
or

    
      
         

      

      
        87

        
          

        

      

      
         

      

    

    (f)           
Insolvency
Proceedings, Etc.  The Borrower or any Subsidiary institutes or
consents to the institution of any proceeding under any Debtor Relief Law, or
makes an assignment for the benefit of creditors; or applies for or consents to
the appointment of any receiver, trustee, custodian, conservator, liquidator,
rehabilitator or similar officer for it or for all or any material part of its
property; or any receiver, trustee, custodian, conservator, liquidator,
rehabilitator or similar officer is appointed without the application or consent
of such Person and the appointment continues undischarged or unstayed for 60
calendar days; or any proceeding under any Debtor Relief Law relating to any
such Person or to all or any material part of its property is instituted without
the consent of such Person and continues undismissed or unstayed for 60 calendar
days, or an order for relief is entered in any such proceeding; or

     

    (g)           Inability to
Pay Debts; Attachment.  (i) The Borrower or any Subsidiary
becomes unable or admits in writing its inability or fails generally to pay its
debts as they become due, or (ii) any writ or warrant of attachment or execution
or similar process is issued or levied against all or any material part of the
property of any such Person and is not released, vacated or stayed within 30
days after its issue or levy; or

     

    (h)           Judgments.  There
is entered against the Borrower or any Subsidiary (i) a final judgment or order
for the payment of money in an aggregate amount exceeding $5,000,000 (to the
extent not covered by independent third-party insurance as to which the insurer
does not dispute coverage), or (ii) any one or more non-monetary final judgments
that have, or could reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect and, in either case, (A) valid enforcement
proceedings are commenced by any creditor upon such judgment or order, or (B)
there is a period of 30 consecutive days during which a stay of enforcement of
such judgment, by reason of a pending appeal or otherwise, is not in effect;
or

     

    (i)           ERISA.  (i)
An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which
has resulted or could reasonably be expected to result in liability of the
Borrower under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the
PBGC in an aggregate amount in excess of $5,000,000, or (ii) the Borrower or any
ERISA Affiliate fails to pay when due, after the expiration of any applicable
grace period, any installment payment with respect to its withdrawal liability
under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in
excess of $5,000,000; or

     

    (j)        
   Invalidity of
Loan Documents.  Any Loan Document, at any time after its
execution and delivery and for any reason other than as expressly permitted
hereunder or thereunder or satisfaction in full of all the Obligations, ceases
to be in full force and effect; or any Loan Party or any other Person contests
in any manner the validity or enforceability of any Loan Document; or any Loan
Party denies that it has any or further liability or obligation under any Loan
Document, or purports to revoke, terminate or rescind any Loan
Document;

     

    (k)           Change of
Control.  There occurs any Change of Control;
or

    
      
         

      

      
        88

        
          

        

      

      
         

      

    

    (l)           Collateral
Documents.  Any Collateral Document after delivery thereof
pursuant to Section
6.13 or 6.14 shall for any reason (other than pursuant to the
terms thereof) cease to create a valid and perfected first priority Lien
(subject to Permitted Liens) in any material portion of the Collateral purported
to be covered thereby.

     

    8.02         Remedies Upon Event of
Default.  If any Event of Default occurs and is continuing, the
Administrative Agent shall, at the request of, or may, with the consent of, the
Required Lenders, take any or all of the following actions:

     

    (a)           declare
the commitment of each Lender to make Loans and any obligation of the L/C Issuer
to make L/C Credit Extensions to be terminated, whereupon such commitments and
obligation shall be terminated;

     

    (b)           declare
the unpaid principal amount of all outstanding Loans, all interest accrued and
unpaid thereon, and all other amounts owing or payable hereunder or under any
other Loan Document to be immediately due and payable, without presentment,
demand, protest or other notice of any kind, all of which are hereby expressly
waived by the Borrower;

     

    (c)           require
that the Borrower Cash Collateralize the L/C Obligations (in an amount equal to
the then Outstanding Amount thereof); and

     

    (d)           exercise
on behalf of itself and the Lenders all rights and remedies available to it and
the Lenders under the Loan Documents and Applicable Law (including the
UCC);

     

    provided,
however,
that upon the occurrence of an actual or deemed entry of an order for relief
with respect to the Borrower under the Bankruptcy Code of the United States, the
obligation of each Lender to make Loans and any obligation of the L/C Issuer to
make L/C Credit Extensions shall automatically terminate, the unpaid principal
amount of all outstanding Loans and all interest and other amounts as aforesaid
shall automatically become due and payable, and the obligation of the Borrower
to Cash Collateralize the L/C Obligations as aforesaid shall automatically
become effective, in each case without further act of the Administrative Agent
or any Lender.

     

    8.03         Application of
Funds. After the
exercise of remedies provided for in Section
8.02 (or after the Loans have automatically become
immediately due and payable and the L/C Obligations have automatically been
required to be Cash Collateralized as set forth in the proviso to Section
8.02), any amounts received on account of the Secured
Obligations shall be applied by the Administrative Agent in the following
order:

     

    First,
to payment of that portion of the Secured Obligations constituting fees,
indemnities, expenses and other amounts (including fees, charges and
disbursements of counsel to the Administrative Agent and amounts payable under
Article
III) payable to the Administrative Agent
in its capacity as such;

     

    Second,
to payment of that portion of the Secured Obligations constituting fees,
indemnities and other amounts (other than principal, interest, Letter of Credit
Fees and Cash Management Obligations) payable to the Lenders and the L/C Issuer
(including fees, charges and disbursements of counsel to the respective Lenders
and the L/C Issuer (including fees and time charges for attorneys who may be
employees of any Lender or the L/C Issuer) and amounts payable under Article
III), ratably among them in proportion to
the respective amounts described in this clause Second
payable to them;

    
      
         

      

      
        89

        
          

        

      

      
         

      

    

    Third,
to payment of that portion of the Secured Obligations, (other than Obligations
with respect to Swap Contracts and Cash Management Obligations), constituting
accrued and unpaid Letter of Credit Fees and interest on the Loans, L/C
Borrowings and other Obligations ratably among the Lenders and the L/C Issuer in
proportion to the respective amounts described in this clause Third
payable to them;

     

    Fourth,
to payment of that portion of the Secured Obligations, constituting obligations
in the amount of the Swap Termination Value with respect to Swap Contracts,
unpaid principal of the Loans and L/C Borrowings, ratably among the Lenders and
the L/C Issuer in proportion to the respective amounts described in this clause
Fourth
held by them;

     

    Fifth,
to the Administrative Agent for the account of the L/C Issuer, to Cash
Collateralize that portion of L/C Obligations comprised of the aggregate undrawn
amount of Letters of Credit;

     

    Sixth,
to payment of remaining portion of the Secured Obligations (including Cash
Management Obligations), ratably among the Lenders in proportion to the
respective amounts described in this clause Sixth
held by them; and

     

    Last,
the balance, if any, after all of the Secured Obligations have been indefeasibly
paid in full, to the Borrower or as otherwise required by
Law.

     

    Subject to Section
2.03(c), amounts used to Cash Collateralize the aggregate undrawn
amount of Letters of Credit pursuant to clause Fifth
above shall be applied to satisfy drawings under such Letters of Credit as they
occur.

     

    ARTICLE
IX.

    ADMINISTRATIVE
AGENT

     

    9.01         Appointment and
Authority.

     

    (a)           Each
of the Lenders and the L/C Issuer hereby irrevocably appoints Bank of America to
act on its behalf as the Administrative Agent hereunder and under the other Loan
Documents and authorizes the Administrative Agent to take such actions on its
behalf and to exercise such powers as are delegated to the Administrative Agent
by the terms hereof or thereof, together with such actions and powers as are
reasonably incidental thereto.  The provisions of this Article are
solely for the benefit of the Administrative Agent, the Lenders and the L/C
Issuer, and neither the Borrower nor any other Loan Party shall have rights as a
third party beneficiary of any of such provisions.

    
      
         

      

      
        90

        
          

        

      

      
         

      

    

    (b)           The
Administrative Agent shall also act as the “collateral
agent” under the Loan Documents, and each of the Lenders and the L/C
Issuer hereby irrevocably appoints and authorizes the Administrative Agent to
act as the agent of such Lender and the L/C Issuer for purposes of acquiring,
holding and enforcing any and all Liens on Collateral granted by any of the Loan
Parties to secure any of the Secured Obligations, together with such powers and
discretion as are reasonably incidental thereto.  Unless otherwise
directed by the Required Lenders, the Administrative Agent shall have the sole
and exclusive authority to take any Enforcement Action or otherwise exercise any
rights or remedies with regard to any Collateral under the Loan Documents,
Applicable Law or otherwise.  In this connection, the Administrative
Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact
appointed by the Administrative Agent pursuant to Section
9.05 for purposes of holding or enforcing any Lien on the
Collateral (or any portion thereof) granted under the Collateral Documents, or
for exercising any rights and remedies thereunder at the direction of the
Administrative Agent, shall be entitled to the benefits of all provisions of
this Article
IX and Article
X (including Section
10.04(c), as though such co-agents, sub-agents and
attorneys-in-fact were the “collateral agent” under the Loan Documents) as if
set forth in full herein with respect thereto.  Without limiting the
generality of the foregoing, the Administrative Agent is further authorized on
behalf of all the Lenders, without the necessity of any notice to or further
consent from the Lenders, from time to time to take any action, or permit the
any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative
Agent to take any action, with respect to any Collateral or the Loan Documents
which may be necessary to perfect and maintain perfected the Liens upon any
Collateral granted pursuant to any Loan Document.

     

    9.02         Rights as a
Lender.  The Person serving as the Administrative Agent
hereunder shall have the same rights and powers in its capacity as a Lender as
any other Lender and may exercise the same as though it were not the
Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise
expressly indicated or unless the context otherwise requires, include the Person
serving as the Administrative Agent hereunder in its individual
capacity.  Such Person and its Affiliates may accept deposits from,
lend money to, act as the financial advisor or in any other advisory capacity
for and generally engage in any kind of business with the Borrower or any
Subsidiary or other Affiliate thereof as if such Person were not the
Administrative Agent hereunder and without any duty to account therefor to the
Lenders.

     

    9.03         Exculpatory
Provisions. The
Administrative Agent shall not have any duties or obligations except those
expressly set forth herein and in the other Loan Documents.  Without
limiting the generality of the foregoing, the Administrative Agent:

     

    (a)           shall
not be subject to any fiduciary or other implied duties, regardless of whether a
Default has occurred and is continuing;

     

    (b)           shall
not have any duty to take any discretionary action or exercise any discretionary
powers, except discretionary rights and powers expressly contemplated hereby or
by the other Loan Documents that the Administrative Agent is required to
exercise as directed in writing by the Required Lenders (or such other number or
percentage of the Lenders as shall be expressly provided for herein or in the
other Loan Documents), provided
that the Administrative Agent shall not be required to take any action that, in
its opinion or the opinion of its counsel, may expose the Administrative Agent
to liability or that is contrary to any Loan Document or Applicable Law;
and

    
      
         

      

      
        91

        
          

        

      

      
         

      

    

    (c)           shall
not, except as expressly set forth herein and in the other Loan Documents, have
any duty to disclose, and shall not be liable for the failure to disclose, any
information relating to the Borrower or any of its Affiliates that is
communicated to or obtained by the Person serving as the Administrative Agent or
any of its Affiliates in any capacity.

     

    The Administrative Agent shall not be liable for any action
taken or not taken by it (i) with the consent or at the request of the Required
Lenders (or such other number or percentage of the Lenders as shall be
necessary, or as the Administrative Agent shall believe in good faith shall be
necessary, under the circumstances as provided in Sections
10.01 and 8.02) or (ii) in the absence of its own gross negligence or
willful misconduct.  The Administrative Agent shall be deemed not to
have knowledge of any Default unless and until notice describing such Default is
given to the Administrative Agent by the Borrower, a Lender or the L/C
Issuer.  The Administrative Agent shall promptly request any report,
letter, statement or other information under Section
6.02(b) or (c) which any Lender requests the Administrative Agent to
obtain.

     

    The Administrative Agent shall not be responsible for or
have any duty to ascertain or inquire into (A) any statement, warranty or
representation made in or in connection with this Agreement or any other Loan
Document, (B) the contents of any certificate, report or other document
delivered hereunder or thereunder or in connection herewith or therewith, (C)
the performance or observance of any of the covenants, agreements or other terms
or conditions set forth herein or therein or the occurrence of any Default, (D)
the validity, enforceability, effectiveness or genuineness of this Agreement,
any other Loan Document or any other agreement, instrument or document or (E)
the satisfaction of any condition set forth in  Article
IV or elsewhere herein, other than to
confirm receipt of items expressly required to be delivered to the
Administrative Agent.

     

    9.04         Reliance by
Administrative Agent.  The Administrative Agent shall be
entitled to rely upon, and shall not incur any liability for relying upon, any
notice, request, certificate, consent, statement, instrument, document or other
writing (including any electronic message, Internet or intranet website posting
or other distribution) believed by it to be genuine and to have been signed,
sent or otherwise authenticated by the proper Person.  The
Administrative Agent also may rely upon any statement made to it orally or by
telephone and believed by it to have been made by the proper Person, and shall
not incur any liability for relying thereon.  In determining
compliance with any condition hereunder to the making of a Loan, or the issuance
of a Letter of Credit, that by its terms must be fulfilled to the satisfaction
of a Lender or the L/C Issuer, the Administrative Agent may presume that such
condition is satisfactory to such Lender or the L/C Issuer unless the
Administrative Agent shall have received notice to the contrary from such Lender
or the L/C Issuer prior to the making of such Loan or the issuance of such
Letter of Credit.  The Administrative Agent may consult with legal
counsel (who may be counsel for the Borrower), independent accountants and other
experts selected by it, and shall not be liable for any action taken or not
taken by it in accordance with the advice of any such counsel, accountants or
experts.

    
      
         

      

      
        92

        
          

        

      

      
         

      

    

    9.05         Delegation of
Duties. The
Administrative Agent may perform any and all of its duties and exercise its
rights and powers hereunder or under any other Loan Document by or through any
one or more sub-agents appointed by the Administrative Agent.  The
Administrative Agent and any such sub-agent may perform any and all of its
duties and exercise its rights and powers by or through their respective Related
Parties.  The exculpatory provisions of this Article shall apply to
any such sub-agent and to the Related Parties of the Administrative Agent and
any such sub-agent, and shall apply to their respective activities in connection
with the syndication of the credit facilities provided for herein as well as
activities as Administrative Agent.

     

    9.06         Resignation of
Administrative Agent. The
Administrative Agent may at any time give notice of its resignation to the
Lenders, the L/C Issuer and the Borrower.  Upon receipt of any such
notice of resignation, the Required Lenders shall have the right, in
consultation with the Borrower, to appoint a successor, which shall be a bank
with an office in the United States, or an Affiliate of any such bank with an
office in the United States.  If no such successor shall have been so
appointed by the Required Lenders and shall have accepted such appointment
within 30 days after the retiring Administrative Agent gives notice of its
resignation, then the retiring Administrative Agent may on behalf of the Lenders
and the L/C Issuer, appoint a successor Administrative Agent meeting the
qualifications set forth above; provided
that if the Administrative Agent shall notify the Borrower and the Lenders that
no qualifying Person has accepted such appointment, then such resignation shall
nonetheless become effective in accordance with such notice and (a) the retiring
Administrative Agent shall be discharged from its duties and obligations
hereunder and under the other Loan Documents (except that in the case of any
collateral held by the Administrative Agent on behalf of the Lenders or the L/C
Issuer under any of the Loan Documents, the retiring Administrative Agent shall
continue to hold such collateral until such time as a successor Administrative
Agent is appointed) and (b) all payments, communications and determinations
provided to be made by, to or through the Administrative Agent shall instead be
made by or to each Lender and the L/C Issuer directly, until such time as the
Required Lenders appoint a successor Administrative Agent as provided for above
in this Section.  Upon the acceptance of a successor’s appointment as
Administrative Agent hereunder, such successor shall succeed to and become
vested with all of the rights, powers, privileges and duties of the retiring (or
retired) Administrative Agent, and the retiring Administrative Agent shall be
discharged from all of its duties and obligations hereunder or under the other
Loan Documents (if not already discharged therefrom as provided above in this
Section).  The fees payable by the Borrower to a successor
Administrative Agent shall be the same as those payable to its predecessor
unless otherwise agreed between the Borrower and such
successor.  After the retiring Administrative Agent’s resignation
hereunder and under the other Loan Documents, the provisions of this Article and
Section
10.04 shall continue in effect for the benefit of such
retiring Administrative Agent, its sub-agents and their respective Related
Parties in respect of any actions taken or omitted to be taken by any of them
while the retiring Administrative Agent was acting as Administrative
Agent.

    
      
         

      

      
        93

        
          

        

      

      
         

      

    

    Any
resignation by Bank of America as Administrative Agent pursuant to this Section
shall also constitute its resignation as L/C Issuer and Swing Line
Lender.  Upon the acceptance of a successor’s appointment as
Administrative Agent hereunder, (i) such successor shall succeed to and become
vested with all of the rights, powers, privileges and duties of the retiring L/C
Issuer and Swing Line Lender, (ii) the retiring L/C Issuer and Swing Line Lender
shall be discharged from all of their respective duties and obligations
hereunder or under the other Loan Documents, and (iii) the successor L/C Issuer
shall issue letters of credit in substitution for the Letters of Credit, if any,
outstanding at the time of such succession or make other arrangements
satisfactory to the retiring L/C Issuer to effectively assume the obligations of
the retiring L/C Issuer with respect to such Letters of Credit.

     

    9.07         Non-Reliance on
Administrative Agent and Other Lenders. Each
Lender and the L/C Issuer acknowledges that it has, independently and without
reliance upon the Administrative Agent or any other Lender or any of their
Related Parties and based on such documents and information as it has deemed
appropriate, made its own credit analysis and decision to enter into this
Agreement.  Each Lender and the L/C Issuer also acknowledges that it
will, independently and without reliance upon the Administrative Agent or any
other Lender or any of their Related Parties and based on such documents and
information as it shall from time to time deem appropriate, continue to make its
own decisions in taking or not taking action under or based upon this Agreement,
any other Loan Document or any related agreement or any document furnished
hereunder or thereunder.

     

    9.08         No Other Duties,
Etc. Anything
herein to the contrary notwithstanding, neither the Arranger, Syndication Agent
nor any Co-Documentation Agent listed on the cover page hereof shall have any
powers, duties or responsibilities under this Agreement or any of the other Loan
Documents, except in its capacity, as applicable, as the Administrative Agent, a
Lender or the L/C Issuer hereunder.

     

    9.09         Administrative Agent
May File Proofs of Claim.  In case of the pendency of any
receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement,
adjustment, composition or other judicial proceeding relative to any Loan Party,
the Administrative Agent (irrespective of whether the principal of any Loan or
L/C Obligation shall then be due and payable as herein expressed or by
declaration or otherwise and irrespective of whether the Administrative Agent
shall have made any demand on the Borrower) shall be entitled and empowered, by
intervention in such proceeding or otherwise

     

    (a)           to
file and prove a claim for the whole amount of the principal and interest owing
and unpaid in respect of the Loans, L/C Obligations and all other Obligations
that are owing and unpaid and to file such other documents as may be necessary
or advisable in order to have the claims of the Lenders, the L/C Issuer and the
Administrative Agent (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Lenders, the L/C Issuer and the
Administrative Agent and their respective agents and counsel and all other
amounts due the Lenders, the L/C Issuer and the Administrative Agent under Sections
2.03(i) and (j), 2.09 and 10.04) allowed in such judicial proceeding;
and

     

    (b)           to
collect and receive any monies or other property payable or deliverable on any
such claims and to distribute the same;

    
      
         

      

      
        94

        
          

        

      

      
         

      

    

    and any
custodian, receiver, assignee, trustee, liquidator, sequestrator or other
similar official in any such judicial proceeding is hereby authorized by each
Lender and the L/C Issuer to make such payments to the Administrative Agent and,
in the event that the Administrative Agent shall consent to the making of such
payments directly to the Lenders and the L/C Issuer, to pay to the
Administrative Agent any amount due for the reasonable compensation, expenses,
disbursements and advances of the Administrative Agent and its agents and
counsel, and any other amounts due the Administrative Agent under Sections 2.09 and
10.04.

     

    Nothing
contained herein shall be deemed to authorize the Administrative Agent to
authorize or consent to or accept or adopt on behalf of any Lender or the L/C
Issuer any plan of reorganization, arrangement, adjustment or composition
affecting the Obligations or the rights of any Lender or the L/C Issuer or to
authorize the Administrative Agent to vote in respect of the claim of any Lender
or the L/C Issuer in any such proceeding.

     

    9.10     
  Collateral and
Guaranty Matters.  Each of the Lenders and the L/C Issuer
irrevocably authorize the Administrative Agent, at its option and in its
discretion (and, by accepting the benefits of the Security Agreement, each other
holder of the Secured Obligations hereby confirms the authority of the
Administrative Agent):

     

    (a)           to
release any Lien on any property granted to or held by the Administrative Agent
under any Loan Document (i) upon termination of the Aggregate Commitments and
payment in full of all Secured Obligations (other than (A) contingent
indemnification obligations, (B) Swap Obligations as to which arrangements
reasonably satisfactory to the applicable Lender or Affiliate shall have been
made, and (C) Cash Management Obligations) and the expiration or termination of
all Letters of Credit (other than Letters of Credit as to which other
arrangements satisfactory to the Administrative Agent and the L/C Issuer shall
have been made), (ii) that is sold or Disposed of or to be sold or Disposed of
as part of or in connection with any sale or Disposition permitted hereunder
(other than a Disposition under Section 7.05(e)) or
under any other Loan Document, or (iii) if approved, authorized or ratified in
writing by the Required Lenders;

     

    (b)           to
release any Guarantor from its obligations under the Guaranty if such Person
ceases to be a Subsidiary as a result of a transaction permitted hereunder;
and

     

    (c)           to
subordinate any Lien on any property granted to or held by the Administrative
Agent under any Loan Document to the holder of any Lien on such property that is
permitted by clause (f) of the definition of “Permitted Liens”.

     

    Upon
request by the Administrative Agent at any time, the Required Lenders will
confirm in writing the Administrative Agent’s authority to release or
subordinate its interest in particular types or items of property, or to release
any Guarantor from its obligations under the Guaranty pursuant to this Section
9.10.  In each case as specified in this Section 9.10, the
Administrative Agent will, at the Borrower’s expense, execute and deliver to the
applicable Loan Party such documents as such Loan Party may reasonably request
to evidence the release of such item of Collateral from the assignment and
security interest granted under the Collateral Documents or to subordinate its
interest in such item, or to release such Guarantor from its obligations under
the Guaranty, in each case in accordance with the terms of the Loan Documents
and this Section
9.10.

     

    
      
        
        

      

      
        95

        
          

        

      

      
        
        

      

    

     

    9.11        Cash Management Obligations and Swap
Obligations.  Except as otherwise expressly set forth herein or
in any Guaranty or any Collateral Document, no Lender or Affiliate thereof that
is owed any Cash Management Obligations or Swap Obligations that obtains the
benefits of Section
8.03, any Guaranty or any Collateral by virtue of the provisions hereof
or of any Guaranty or any Collateral Document shall have any right to notice of
any action or to consent to, direct or object to any action hereunder or under
any other Loan Document or otherwise in respect of the Collateral (including the
release or impairment of any Collateral) other than in its capacity as a Lender
and, in such case, only to the extent expressly provided in the Loan
Documents.  Notwithstanding any other provision of this Article IX to the
contrary, the Administrative Agent shall not be required to verify the payment
of, or that other satisfactory arrangements have been made with respect to,
Secured Obligations comprising Cash Management Obligations and Swap Obligations
unless the Administrative Agent has received written notice of such Secured
Obligations, together with such supporting documentation as the Administrative
Agent may request, from the applicable Lender or Affiliate, as the case may
be.

     

    ARTICLE
X.

     

    MISCELLANEOUS

     

    10.01      Amendments, Etc.  No
amendment or waiver of any provision of this Agreement or any other Loan
Document, and no consent to any departure by the Borrower or any other Loan
Party therefrom, shall be effective unless in writing signed by the Required
Lenders and the Borrower or the applicable Loan Party, as the case may be, and
acknowledged by the Administrative Agent, and each such waiver or consent shall
be effective only in the specific instance and for the specific purpose for
which given; provided, however, that no such
amendment, waiver or consent shall:

     

    (a)           waive
any condition set forth in Section 4.01(a)
without the written consent of each Lender;

     

    (b)           extend
or increase the Commitment of any Lender (or reinstate any Commitment terminated
pursuant to Section
8.02) without the written consent of such Lender;

     

    (c)           postpone
any scheduled date fixed by this Agreement or any other Loan Document for any
payment (it being understood that the mandatory prepayments under Section 2.05 do not
provide for a scheduled date fixed for payment), of principal, interest, fees or
other amounts due to the Lenders (or any of them) hereunder or under any other
Loan Document without the written consent of each Lender directly affected
thereby;

     

    (d)           reduce
the principal of, or the rate of interest specified herein on, any Loan or L/C
Borrowing, or (subject to clause (v) of the second proviso to this Section 10.01) any
fees or other amounts payable hereunder or under any other Loan Document,
without the written consent of each Lender directly affected thereby; provided, however, that only
the consent of the Required Lenders shall be necessary to amend the definition
of “Default Rate” or to waive any obligation of the Borrower to pay interest or
Letter of Credit Fees at the Default Rate;

     

    
      
        
        

      

      
        96

        
          

        

      

      
        
        

      

    

     

    (e)           change
Section 2.13 or
Section 8.03 in
a manner that would alter the pro rata sharing of payments required thereby
without the written consent of each Lender;

     

    (f)           change
any provision of this Section or the definition of “Required Lenders” or any
other provision hereof specifying the number or percentage of Lenders required
to amend, waive or otherwise modify any rights hereunder or make any
determination or grant any consent hereunder without the written consent of each
Lender; or

     

    (g)           release
all or substantially all of the value of the Guaranty without the written
consent of each Lender, unless otherwise permitted by Section
9.10;

     

    and,
provided further, that (i) no
amendment, waiver or consent shall, unless in writing and signed by the L/C
Issuer in addition to the Lenders required above, affect the rights or duties of
the L/C Issuer under this Agreement or any Issuer Document relating to any
Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or
consent shall, unless in writing and signed by the Swing Line Lender in addition
to the Lenders required above, affect the rights or duties of the Swing Line
Lender under this Agreement; (iii) no amendment, waiver or consent shall, unless
in writing and signed by the Administrative Agent in addition to the Lenders
required above, affect the rights or duties of the Administrative Agent under
this Agreement or any other Loan Document; (iv) Section 10.06(h) may
not be amended, waived or otherwise modified without the consent of each
Granting Lender all or any part of whose Loans are being funded by an SPC at the
time of such amendment, waiver or other modification; and (v) the Fee Letter may
be amended, or rights or privileges thereunder waived, in a writing executed
only by the parties thereto.  Notwithstanding anything to the contrary
herein, no Defaulting Lender shall have any right to approve or disapprove any
amendment, waiver or consent hereunder, except that the Commitment of such
Lender may not be increased or extended without the consent of such
Lender.

     

    10.02      Notices; Effectiveness; Electronic
Communication.

     

    (a)           Notices
Generally.  Except in the case of notices and other
communications expressly permitted to be given by telephone (and except as
provided in subsection (b) below), all notices and other communications provided
for herein shall be in writing and shall be delivered by hand or overnight
courier service, mailed by certified or registered mail or sent by telecopier as
follows, and all notices and other communications expressly permitted hereunder
to be given by telephone shall be made to the applicable telephone number, as
follows:

     

    (i)           if
to the Borrower, the Administrative Agent, the L/C Issuer or the Swing Line
Lender, to the address, telecopier number, electronic mail address or telephone
number specified for such Person on Schedule 10.02;
and

     

    (ii)           if
to any other Lender, to the address, telecopier number, electronic mail address
or telephone number specified in its Administrative Questionnaire.

     

    
      
        
        

      

      
        97

        
          

        

      

      
        
        

      

    

     

    Notices
sent by hand or overnight courier service, or mailed by certified or registered
mail, shall be deemed to have been given when received; notices sent by
telecopier shall be deemed to have been given when sent (except that, if not
given during normal business hours for the recipient, shall be deemed to have
been given at the opening of business on the next business day for the
recipient).  Notices delivered through electronic communications to
the extent provided in subsection (b) below, shall be effective as provided in
such subsection (b).

     

    (b)           Electronic
Communications.  Notices and other communications to the
Lenders and the L/C Issuer hereunder may be delivered or furnished by electronic
communication (including e-mail and Internet or intranet websites) pursuant to
procedures approved by the Administrative Agent, provided that the
foregoing shall not apply to notices to any Lender or the L/C Issuer pursuant to
Article II if
such Lender or the L/C Issuer, as applicable, has notified the Administrative
Agent that it is incapable of receiving notices under such Article by electronic
communication.  The Administrative Agent or the Borrower may, in its
discretion, agree to accept notices and other communications to it hereunder by
electronic communications pursuant to procedures approved by it, provided that
approval of such procedures may be limited to particular notices or
communications.

     

    Unless
the Administrative Agent otherwise prescribes, (i) notices and other
communications sent to an e-mail address shall be deemed received upon the
sender’s receipt of an acknowledgement from the intended recipient (such as by
the “return receipt requested” function, as available, return e-mail or other
written acknowledgement), provided that if such
notice or other communication is not sent during the normal business hours of
the recipient, such notice or communication shall be deemed to have been sent at
the opening of business on the next business day for the recipient, and (ii)
notices or communications posted to an Internet or intranet website shall be
deemed received upon the deemed receipt by the intended recipient at its e-mail
address as described in the foregoing clause (i) of notification that such
notice or communication is available and identifying the website address
therefor.

     

    (c)           THE
PLATFORM.  THE
PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.”  THE AGENT PARTIES
(AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER
MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR
ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS.  NO WARRANTY OF
ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD
PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT
PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM.  IN
NO EVENT SHALL THE ADMINISTRATIVE AGENT OR ANY OF ITS RELATED PARTIES
(COLLECTIVELY, THE “AGENT
PARTIES”) HAVE ANY
LIABILITY TO THE BORROWER, ANY LENDER, THE L/C ISSUER OR ANY OTHER PERSON FOR
LOSSES, CLAIMS, DAMAGES, LIABILITIES OR EXPENSES OF ANY KIND (WHETHER IN TORT,
CONTRACT OR OTHERWISE) ARISING OUT OF THE BORROWER’S OR THE ADMINISTRATIVE
AGENT’S TRANSMISSION OF BORROWER MATERIALS THROUGH THE INTERNET, EXCEPT TO THE
EXTENT THAT SUCH LOSSES, CLAIMS, DAMAGES, LIABILITIES OR EXPENSES ARE DETERMINED
BY A COURT OF COMPETENT JURISDICTION BY A FINAL AND NONAPPEALABLE JUDGMENT TO
HAVE RESULTED FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SUCH AGENT
PARTY; PROVIDED, HOWEVER, THAT IN NO EVENT SHALL ANY AGENT
PARTY HAVE ANY LIABILITY TO THE BORROWER, ANY LENDER, THE L/C ISSUER OR ANY
OTHER PERSON FOR INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE
DAMAGES (AS OPPOSED TO DIRECT OR ACTUAL DAMAGES).

     

    
      
        
        

      

      
        98

        
          

        

      

      
        
        

      

    

     

    (d)           Change of Address,
Etc.  Each of the Borrower, the Administrative Agent, the L/C
Issuer and the Swing Line Lender may change its address (including its e-mail
address), telecopier or telephone number for notices and other communications
hereunder by notice to the other parties hereto.  Each other Lender
may change its address (including its e-mail address), telecopier or telephone
number for notices and other communications hereunder by notice to the Borrower,
the Administrative Agent, the L/C Issuer and the Swing Line
Lender.  In addition, each Lender agrees to notify the Administrative
Agent from time to time to ensure that the Administrative Agent has on record
(i) an effective address, contact name, telephone number, telecopier number and
electronic mail address to which notices and other communications may be sent
and (ii) accurate wire instructions for such Lender.  Furthermore,
each Public Lender agrees to cause at least one individual at or on behalf of
such Public Lender to at all times have selected the “Private Side Information”
or similar designation on the content declaration screen of the Platform in
order to enable such Public Lender or its delegate, in accordance with such
Public Lender’s compliance procedures and applicable Law, including United
States Federal and state securities Laws, to make reference to Borrower
Materials that are not made available through the “Public Side Information”
portion of the Platform and that may contain material non-public information
with respect to the Borrower or its securities for purposes of United States
Federal or state securities laws.

     

    (e)           Reliance by Administrative
Agent, L/C Issuer and Lenders. The
Administrative Agent, the L/C Issuer and the Lenders shall be entitled to rely
and act upon any notices (including telephonic, fax or other web-based or
electronic Revolving Loan Notices and Swing Line Loan Notices) purportedly given
by or on behalf of the Borrower even if (i) such notices were not made in a
manner specified herein, were incomplete or were not preceded or followed by any
other form of notice specified herein, or (ii) the terms thereof, as understood
by the recipient, varied from any confirmation thereof.  The Borrower
shall indemnify the Administrative Agent, the L/C Issuer, each Lender and the
Related Parties of each of them from all losses, costs, expenses and liabilities
resulting from the reliance by such Person on each notice purportedly given by
or on behalf of the Borrower.  All telephonic notices to and other
telephonic communications with the Administrative Agent may be recorded by the
Administrative Agent, and each of the parties hereto hereby consents to such
recording.

     

    10.03      No Waiver; Cumulative
Remedies.  No failure by any Lender, the L/C Issuer or the
Administrative Agent to exercise, and no delay by any such Person in exercising,
any right, remedy, power or privilege hereunder shall operate as a waiver
thereof; nor shall any single or partial exercise of any right, remedy, power or
privilege hereunder preclude any other or further exercise thereof or the
exercise of any other right, remedy, power or privilege.  The rights,
remedies, powers and privileges herein provided are cumulative and not exclusive
of any rights, remedies, powers and privileges provided by law.

     

    
      
        
        

      

      
        99

        
          

        

      

      
        
        

      

    

     

    10.04      Expenses; Indemnity; Damage
Waiver.

     

    (a)           Costs and
Expenses.  The Borrower shall pay (i) all reasonable
out-of-pocket expenses incurred by the Administrative Agent and its Affiliates
(including the reasonable fees, charges and disbursements of counsel for the
Administrative Agent), in connection with the syndication of the credit
facilities provided for herein, the preparation, negotiation, execution,
delivery and administration of this Agreement and the other Loan Documents or
any amendments, modifications or waivers of the provisions hereof or thereof
(whether or not the transactions contemplated hereby or thereby shall be
consummated), (ii) all reasonable out-of-pocket expenses incurred by the L/C
Issuer in connection with the issuance, amendment, renewal or extension of any
Letter of Credit or any demand for payment thereunder and (iii) all
out-of-pocket expenses incurred by the Administrative Agent, any Lender or the
L/C Issuer (including the reasonable fees, charges and disbursements of any
counsel for the Administrative Agent, any Lender or the L/C Issuer), and shall
pay all reasonable legal fees and time charges for attorneys who may be
employees of the Administrative Agent, any Lender or the L/C Issuer, in
connection with the enforcement or protection of its rights (A) in connection
with this Agreement and the other Loan Documents, including its rights under
this Section, or (B) in connection with the Loans made or Letters of Credit
issued hereunder, including all such out-of-pocket expenses incurred during any
workout, restructuring or negotiations in respect of such Loans or Letters of
Credit.

     

    (b)           Indemnification by the
Borrower.  The Borrower shall indemnify the Administrative
Agent (and any sub-agent thereof), each Lender and the L/C Issuer, and each
Related Party of any of the foregoing Persons (each such Person being called an
“Indemnitee”)
against, and hold each Indemnitee harmless from, any and all losses, claims,
damages, liabilities and related expenses (including the reasonable fees,
charges and disbursements of any counsel for any Indemnitee), and shall
indemnify and hold harmless each Indemnitee from all reasonable fees and time
charges and disbursements for attorneys who may be employees of the Indemnitee,
incurred by any Indemnitee or asserted against any Indemnitee by any third party
or by the Borrower or any other Loan Party arising out of, in connection with,
or as a result of (i) the execution or delivery of this Agreement, any other
Loan Document or any agreement or instrument contemplated hereby or thereby, the
performance by the parties hereto of their respective obligations hereunder or
thereunder, the consummation of the transactions contemplated hereby or thereby,
or, in the case of the Administrative Agent (and any sub-agent thereof) and its
Related Parties only, the administration of this Agreement and the other Loan
Documents, (ii) any Loan or Letter of Credit or the use or proposed use of the
proceeds therefrom (including any refusal by the L/C Issuer to honor a demand
for payment under a Letter of Credit if the documents presented in connection
with such demand do not strictly comply with the terms of such Letter of
Credit), (iii) any actual or alleged presence or release of Hazardous Materials
on or from any property owned or operated by the Borrower or any of its
Subsidiaries, or any Environmental Liability related in any way to the Borrower
or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation,
investigation or proceeding relating to any of the foregoing, whether based on
contract, tort or any other theory, whether brought by a third party or by the
Borrower or any other Loan Party, and regardless of whether any Indemnitee is a
party thereto,
IN ALL
CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE
COMPARATIVE, CONTRIBUTORY OR SOLE NEGLIGENCE OF THE INDEMNITEE; provided that such
indemnity shall not, as to any Indemnitee, be available to the extent that such
losses, claims, damages, liabilities or related expenses (x) are determined by a
court of competent jurisdiction by final and nonappealable judgment to have
resulted from the gross negligence or willful misconduct of such Indemnitee or
(y) result from a claim brought by the Borrower or any other Loan Party against
an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder
or under any other Loan Document, if the Borrower or such Loan Party has
obtained a final and nonappealable judgment in its favor on such claim as
determined by a court of competent jurisdiction.

     

    
      
        
        

      

      
        100

        
          

        

      

      
        
        

      

    

     

    (c)           Reimbursement by
Lenders.  To the extent that the Borrower for any reason fails
to indefeasibly pay any amount required under subsection (a) or (b) of this
Section to be paid by it to the Administrative Agent (or any sub-agent thereof),
the L/C Issuer or any Related Party of any of the foregoing, each Lender
severally agrees to pay to the Administrative Agent (or any such sub-agent), the
L/C Issuer or such Related Party, as the case may be, such Lender’s Applicable
Percentage (determined as of the time that the applicable unreimbursed expense
or indemnity payment is sought) of such unpaid amount, provided that the
unreimbursed expense or indemnified loss, claim, damage, liability or related
expense, as the case may be, was incurred by or asserted against the
Administrative Agent (or any such sub-agent) or the L/C Issuer in its capacity
as such, or against any Related Party of any of the foregoing acting for the
Administrative Agent (or any such sub-agent) or L/C Issuer in connection with
such capacity.  The obligations of the Lenders under this subsection
(c) are subject to the provisions of Section
2.12(d).

     

    (d)           WAIVER OF
CONSEQUENTIAL DAMAGES, ETC.  TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, THE BORROWER SHALL NOT ASSERT, AND HEREBY WAIVES,
ANY CLAIM AGAINST ANY INDEMNITEE, ON ANY THEORY OF LIABILITY, FOR SPECIAL,
INDIRECT, CONSEQUENTIAL OR PUNITIVE DAMAGES (AS OPPOSED TO DIRECT OR ACTUAL
DAMAGES) ARISING OUT OF, IN CONNECTION WITH, OR AS A RESULT OF, THIS AGREEMENT,
ANY OTHER LOAN DOCUMENT OR ANY AGREEMENT OR INSTRUMENT CONTEMPLATED HEREBY, THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, ANY LOAN OR LETTER OF CREDIT OR THE
USE OF THE PROCEEDS THEREOF.  NO INDEMNITEE REFERRED TO IN SUBSECTION
(b) ABOVE SHALL BE LIABLE FOR ANY
DAMAGES ARISING FROM THE USE BY UNINTENDED RECIPIENTS OF ANY INFORMATION OR
OTHER MATERIALS DISTRIBUTED BY IT THROUGH TELECOMMUNICATIONS, ELECTRONIC OR
OTHER INFORMATION TRANSMISSION SYSTEMS IN CONNECTION WITH THIS AGREEMENT OR THE
OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY OTHER
THAN FOR DIRECT OR ACTUAL DAMAGES RESULTING FROM THE GROSS NEGLIGENCE OR WILLFUL
MISCONDUCT OF SUCH INDEMNITEE AS DETERMINED BY A FINAL AND NONAPPEALABLE
JUDGMENT OF A COURT OF COMPETENT JURISDICTION.

     

    (e)           Payments.  All
amounts due under this Section shall be payable not later than ten Business Days
after demand therefor.

     

    
      
        
        

      

      
        101

        
          

        

      

      
        
        

      

    

     

    (f)           Survival.  The
agreements in this Section shall survive the resignation of the Administrative
Agent, the L/C Issuer and the Swing Line Lender, the replacement of any Lender,
the termination of the Aggregate Commitments and the repayment, satisfaction or
discharge of all the other Obligations.

     

    10.05      Payments Set Aside. To the extent that any
payment by or on behalf of the Borrower is made to the Administrative Agent, the
L/C Issuer or any Lender, or the Administrative Agent, the L/C Issuer or any
Lender exercises its right of setoff, and such payment or the proceeds of such
setoff or any part thereof is subsequently invalidated, declared to be
fraudulent or preferential, set aside or required (including pursuant to any
settlement entered into by the Administrative Agent, the L/C Issuer or such
Lender in its discretion) to be repaid to a trustee, receiver or any other
party, in connection with any proceeding under any Debtor Relief Law or
otherwise, then (a) to the extent of such recovery, the obligation or part
thereof originally intended to be satisfied shall be revived and continued in
full force and effect as if such payment had not been made or such setoff had
not occurred, and (b) each Lender and the L/C Issuer severally agrees to pay to
the Administrative Agent upon demand its applicable share (without duplication)
of any amount so recovered from or repaid by the Administrative Agent, plus
interest thereon from the date of such demand to the date such payment is made
at a rate per annum equal to the Federal Funds Rate from time to time in
effect.  The obligations of the Lenders and the L/C Issuer under
clause (b) of the preceding sentence shall survive the payment in full of the
Obligations and the termination of this Agreement.

     

    10.06      Successors and
Assigns.

     

    (a)           Successors and Assigns
Generally.  The provisions of this Agreement shall be binding
upon and inure to the benefit of the parties hereto and their respective
successors and assigns permitted hereby, except that neither the Borrower nor
any other Loan Party may assign or otherwise transfer any of its rights or
obligations hereunder without the prior written consent of the Administrative
Agent and each Lender and no Lender may assign or otherwise transfer any of its
rights or obligations hereunder except (i) to an Eligible Assignee in accordance
with the provisions of subsection (b) of this Section, (ii) by way of
participation in accordance with the provisions of subsection (d) of this
Section, (iii) by way of pledge or assignment of a security interest subject to
the restrictions of subsection (f) of this Section, or (iv) to an SPC in
accordance with the provisions of subsection (h) of this Section (and any other
attempted assignment or transfer by any party hereto shall be null and
void).  Nothing in this Agreement, expressed or implied, shall be
construed to confer upon any Person (other than the parties hereto, their
respective successors and assigns permitted hereby, Participants to the extent
provided in subsection (d) of this Section and, to the extent expressly
contemplated hereby, the Related Parties of each of the Administrative Agent,
the L/C Issuer and the Lenders) any legal or equitable right, remedy or claim
under or by reason of this Agreement.

     

    (b)           Assignments by
Lenders.  Any Lender may at any time assign to one or more
Eligible Assignees all or a portion of its rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans (including
for purposes of this subsection (b), participations in L/C Obligations and in
Swing Line Loans) at the time owing to it); provided
that

     

    
      
        
        

      

      
        102

        
          

        

      

      
        
        

      

    

     

    (i)           except
in the case of an assignment of the entire remaining amount of the assigning
Lender’s Commitment and the Loans at the time owing to it or in the case of an
assignment to a Lender or an Affiliate of a Lender or an Approved Fund with
respect to a Lender, the aggregate amount of the Commitment (which for this
purpose includes Loans outstanding thereunder) or, if the Commitment is not then
in effect, the principal outstanding balance of the Loans of the assigning
Lender subject to each such assignment, determined as of the date the Assignment
and Assumption with respect to such assignment is delivered to the
Administrative Agent or, if “Trade Date” is specified in the Assignment and
Assumption, as of the Trade Date, shall not be less than $5,000,000, unless each of the
Administrative Agent and, so long as no Event of Default has occurred and is
continuing, the Borrower otherwise consents (each such consent not to be
unreasonably withheld or delayed); provided, however, that
concurrent assignments to members of an Assignee Group and concurrent
assignments from members of an Assignee Group to a single Eligible Assignee (or
to an Eligible Assignee and members of its Assignee Group) will be treated as a
single assignment for purposes of determining whether such minimum amount has
been met;

     

    (ii)           each
partial assignment shall be made as an assignment of a proportionate part of all
the assigning Lender’s rights and obligations under this Agreement with respect
to the Loans or the Commitment assigned, except that this clause (ii) shall not
apply to the Swing Line Lender’s rights and obligations in respect of Swing Line
Loans;

     

    (iii)           any
assignment of a Commitment must be approved by the Borrower (provided no Event
of Default has occurred and is continuing, and provided such approval shall not
be unreasonably withheld or delayed) Administrative Agent, the L/C Issuer and
the Swing Line Lender unless the Person that is the proposed assignee is itself
a Lender (whether or not the proposed assignee would otherwise qualify as an
Eligible Assignee); and

     

    (iv)           the
parties to each assignment shall execute and deliver to the Administrative Agent
an Assignment and Assumption, together with a processing and recordation fee in
the amount of $3,500; provided, however, that the
Administrative Agent may, in its sole discretion, elect to waive such processing
and recordation fee in the case of any assignment, and the Eligible Assignee, if
it shall not be a Lender, shall deliver to the Administrative Agent an
Administrative Questionnaire.

     

    Subject
to acceptance and recording thereof by the Administrative Agent pursuant to
subsection (c) of this Section, from and after the effective date specified in
each Assignment and Assumption, the Eligible Assignee thereunder shall be a
party to this Agreement and, to the extent of the interest assigned by such
Assignment and Assumption, have the rights and obligations of a Lender under
this Agreement, and the assigning Lender thereunder shall, to the extent of the
interest assigned by such Assignment and Assumption, be released from its
obligations under this Agreement (and, in the case of an Assignment and
Assumption covering all of the assigning Lender’s rights and obligations under
this Agreement, such Lender shall cease to be a party hereto) but shall continue
to be entitled to the benefits of Sections 3.01, 3.04, 3.05, and 10.04 with respect to
facts and circumstances occurring prior to the effective date of such
assignment.  Upon request, the Borrower (at its expense) shall execute
and deliver a Note to the assignee Lender.  Any assignment or transfer
by a Lender of rights or obligations under this Agreement that does not comply
with this subsection shall be treated for purposes of this Agreement as a sale
by such Lender of a participation in such rights and obligations in accordance
with subsection (d) of this Section.

     

    
      
        
        

      

      
        103

        
          

        

      

      
        
        

      

       

    

    (c)           Register.  The
Administrative Agent, acting solely for this purpose as an agent of the
Borrower, shall maintain at the Administrative Agent’s Office a copy of each
Assignment and Assumption delivered to it and a register for the recordation of
the names and addresses of the Lenders, and the Commitments of, and principal
amounts of the Loans and L/C Obligations owing to, each Lender pursuant to the
terms hereof from time to time (the “Register”).  The
entries in the Register shall be conclusive, and the Borrower, the
Administrative Agent and the Lenders may treat each Person whose name is
recorded in the Register pursuant to the terms hereof as a Lender hereunder for
all purposes of this Agreement, notwithstanding notice to the
contrary.  The Register shall be available for inspection by the
Borrower and any Lender at any reasonable time and from time to time upon
reasonable prior notice.

     

    (d)           Participations.  Any
Lender may at any time, without the consent of, or notice to, the Borrower or
the Administrative Agent, sell participations to any Person (other than a
natural person or the Borrower or any of the Borrower’s Affiliates or
Subsidiaries) (each, a “Participant”) in all
or a portion of such Lender’s rights and/or obligations under this Agreement
(including all or a portion of its Revolving Commitment and/or the Loans
(including such Lender’s participations in L/C Obligations and/or Swing Line
Loans) owing to it); provided that (i)
such Lender’s obligations under this Agreement shall remain unchanged, (ii) such
Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations and (iii) the Borrower, the Administrative
Agent, the Lenders and the L/C Issuer shall continue to deal solely and directly
with such Lender in connection with such Lender’s rights and obligations under
this Agreement.

     

    Any
agreement or instrument pursuant to which a Lender sells such a participation
shall provide that such Lender shall retain the sole right to enforce this
Agreement and to approve any amendment, modification or waiver of
any  provision of this Agreement; provided that such
agreement or instrument may provide that such Lender will not, without the
consent of the Participant, agree to any amendment, waiver or other modification
described in the first proviso to Section 10.01 that
affects such Participant.  Subject to subsection (e) of this Section,
the Borrower agrees that each Participant shall be entitled to the benefits of
Sections 3.01,
3.04 and 3.05 to the same
extent as if it were a Lender and had acquired its interest by assignment
pursuant to subsection (b) of this Section.  To the extent permitted
by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a
Lender, provided such
Participant agrees to be subject to Section 2.13 as
though it were a Lender.

     

    (e)           Limitations upon Participant
Rights.  A Participant shall not be entitled to receive any
greater payment under Section 3.01 or 3.04 than the applicable
Lender would have been entitled to receive with respect to the participation
sold to such Participant, unless the sale of the participation to such
Participant is made with the Borrower’s prior written consent.  A
Participant that would be a Foreign Lender if it were a Lender shall not be
entitled to the benefits of Section 3.01 unless
the Borrower is notified of the participation sold to such Participant and such
Participant agrees, for the benefit of the Borrower, to comply with Section 3.01(e) as
though it were a Lender and performs such agreement.

     

    
      
        
        

      

      
        104

        
          

        

      

      
        
        

      

    

     

    (f)           Certain
Pledges.  Any Lender may at any time pledge or assign a
security interest in all or any portion of its rights under this Agreement
(including under its Note, if any) to secure obligations of such Lender,
including any pledge or assignment to secure obligations to a Federal Reserve
Bank; provided
that no such pledge or assignment shall release such Lender from any of its
obligations hereunder or substitute any such pledgee or assignee for such Lender
as a party hereto.

     

    (g)           Electronic Execution of
Assignments.  The words “execution,” “signed,” “signature,” and
words of like import in any Assignment and Assumption shall be deemed to include
electronic signatures or the keeping of records in electronic form, each of
which shall be of the same legal effect, validity or enforceability as a
manually executed signature or the use of a paper-based recordkeeping system, as
the case may be, to the extent and as provided for in any Applicable Law,
including the Federal Electronic Signatures in Global and National Commerce Act,
the New York State Electronic Signatures and Records Act, or any other similar
state laws based on the Uniform Electronic Transactions Act.

     

    (h)           Special Purpose Funding
Vehicles.  Notwithstanding anything to the contrary contained
herein, any Lender (a “Granting Lender”) may
grant to a special purpose funding vehicle identified as such in writing from
time to time by the Granting Lender to the Administrative Agent and the Borrower
(an “SPC”) the
option to provide all or any part of any Loan that such Granting Lender would
otherwise be obligated to make pursuant to this Agreement; provided that (i)
nothing herein shall constitute a commitment by any SPC to fund any Loan, and
(ii) if an SPC elects not to exercise such option or otherwise fails to make all
or any part of such Loan, the Granting Lender shall be obligated to make such
Loan pursuant to the terms hereof or, if it fails to do so, to make such payment
to the Administrative Agent as is required under Section
2.12(b)(ii).  Each party hereto hereby agrees that (A) neither
the grant to any SPC nor the exercise by any SPC of such option shall increase
the costs or expenses or otherwise increase or change the obligations of the
Borrower under this Agreement (including its obligations under Section 3.04), (B) no
SPC shall be liable for any indemnity or similar payment obligation under this
Agreement for which a Lender would be liable, and (C) the Granting Lender shall
for all purposes, including the approval of any amendment, waiver or other
modification of any provision of any Loan Document, remain the lender of record
hereunder.  The making of a Loan by an SPC hereunder shall utilize the
Commitment of the Granting Lender to the same extent, and as if, such Loan were
made by such Granting Lender.  In furtherance of the foregoing, each
party hereto hereby agrees (which agreement shall survive the termination of
this Agreement) that, prior to the date that is one year and one day after the
payment in full of all outstanding commercial paper or other senior debt of any
SPC, it will not institute against, or join any other Person in instituting
against, such SPC any bankruptcy, reorganization, arrangement, insolvency, or
liquidation proceeding under the laws of the United States or any State
thereof.  Notwithstanding anything to the contrary contained herein,
any SPC may (1) with notice to, but without prior consent of the Borrower and
the Administrative Agent and with the payment of a processing fee in the amount
of $3,500 (which processing fee may be waived by the Administrative Agent in its
sole discretion), assign all or any portion of its right to receive payment with
respect to any Loan to the Granting Lender and (2) disclose on a confidential
basis any non-public information relating to its funding of Loans to any rating
agency, commercial paper dealer or provider of any surety or Guarantee or credit
or liquidity enhancement to such SPC.

     

    
      
        
        

      

      
        105

        
          

        

      

      
        
        

      

    

     

    (i)           Resignation as L/C Issuer or
Swing Line Lender after Assignment.  Notwithstanding anything
to the contrary contained herein, if at any time Bank of America assigns all of
its Commitment and Loans pursuant to subsection (b) above, Bank of America may,
(i) upon 30 days’ notice to the Borrower and the Lenders, resign as L/C Issuer
and/or (ii) upon 30 days’ notice to the Borrower, resign as Swing Line
Lender.  In the event of any such resignation as L/C Issuer or Swing
Line Lender, the Borrower shall be entitled to appoint from among the Lenders a
successor L/C Issuer or Swing Line Lender hereunder; provided, however, that no
failure by the Borrower to appoint any such successor shall affect the
resignation of Bank of America as L/C Issuer or Swing Line Lender, as the case
may be.  If Bank of America resigns as L/C Issuer, it shall retain all
the rights, powers, privileges and duties of the L/C Issuer hereunder with
respect to all Letters of Credit outstanding as of the effective date of its
resignation as L/C Issuer and all L/C Obligations with respect thereto
(including the right to require the Lenders to make Base Rate Loans or fund risk
participations in Unreimbursed Amounts pursuant to Section
2.03(c)).  If Bank of America resigns as Swing Line Lender, it
shall retain all the rights of the Swing Line Lender provided for hereunder with
respect to Swing Line Loans made by it and outstanding as of the effective date
of such resignation, including the right to require the Lenders to make Base
Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant
to Section
2.04(c).  Upon the appointment of a successor L/C Issuer and/or
Swing Line Lender, (A) such successor shall succeed to and become vested with
all of the rights, powers, privileges and duties of the retiring L/C Issuer or
Swing Line Lender, as the case may be, and (B) the successor L/C Issuer shall
issue letters of credit in substitution for the Letters of Credit, if any,
outstanding at the time of such succession or make other arrangements
satisfactory to Bank of America to effectively assume the obligations of Bank of
America with respect to such Letters of Credit.

     

    10.07      Treatment of Certain Information;
Confidentiality. Each of the
Administrative Agent, the Lenders and the L/C Issuer agrees to maintain the
confidentiality of the Information (as defined below), except that Information
may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective
partners, directors, officers, employees, agents, advisors and representatives
(it being understood that the Persons to whom such disclosure is made will be
informed of the confidential nature of such Information and instructed to keep
such Information confidential), (b) to the extent requested by any governmental
or regulatory authority purporting to have jurisdiction over it or its
Affiliates (including any self-regulatory authority, such as the National
Association of Insurance Commissioners), (c) to the extent required by
Applicable Laws or regulations or by any subpoena or similar legal process, (d)
to any other party hereto, (e) as reasonably required in connection with the
exercise of any remedies hereunder or under any other Loan Document or any
action or proceeding relating to this Agreement or any other Loan Document or
the enforcement of rights hereunder or thereunder, (f) subject to an agreement
containing provisions substantially the same as those of this Section, to (i)
any assignee of or Participant in, or any prospective assignee of or Participant
in, any of its rights or obligations under this Agreement or any Eligible
Assignee invited to be a Lender pursuant to Section 2.14(c) or
(ii) any actual or prospective counterparty (or its advisors) to any swap or
derivative transaction relating to the Borrower and its obligations, (g) with
the consent of the Borrower or (h) to the extent such Information (x) becomes
publicly available other than as a result of a breach of this Section or (y)
becomes available to the Administrative Agent, any Lender, the L/C Issuer or any
of their respective Affiliates on a nonconfidential basis from a source other
than the Borrower.

     

    
      
        
        

      

      
        106

        
          

        

      

      
        
        

      

    

     

    For
purposes of this Section, “Information” means
all information received from the Borrower or any Subsidiary relating to the
Borrower or any Subsidiary or any of their respective businesses, other than any
such information that is available to the Administrative Agent, any Lender or
the L/C Issuer on a nonconfidential basis prior to disclosure by the Borrower or
any Subsidiary, provided that, in the
case of information received from the Borrower or any Subsidiary after the date
hereof, such information is clearly identified at the time of delivery as
confidential.  Any Person required to maintain the confidentiality of
Information as provided in this Section shall be considered to have complied
with its obligation to do so if such Person has exercised the same degree of
care to maintain the confidentiality of such Information as such Person would
accord to its own confidential information.

     

    Each of
the Administrative Agent, the Lenders and the L/C Issuer acknowledges that (A)
the Information may include material non-public information concerning the
Borrower or a Subsidiary, as the case may be, (B) it has developed compliance
procedures regarding the use of material non-public information and (C) it will
handle such material non-public information in accordance with applicable Law,
including Federal and state securities Laws.

     

    10.08      Right of Setoff. If an Event of Default
shall have occurred and be continuing, each Lender, the L/C Issuer and each of
their respective Affiliates is hereby authorized at any time and from time to
time, after obtaining the prior written consent of the Administrative Agent, to
the fullest extent permitted by Applicable Law, to set off and apply any and all
deposits (general or special, time or demand, provisional or final, in whatever
currency) at any time held and other obligations (in whatever currency) at any
time owing by such Lender, the L/C Issuer or any such Affiliate to or for the
credit or the account of the Borrower or any other Loan Party against any and
all of the obligations of the Borrower or such Loan Party now or hereafter
existing under this Agreement or any other Loan Document to such Lender or the
L/C Issuer, irrespective of whether or not such Lender or the L/C Issuer shall
have made any demand under this Agreement or any other Loan Document and
although such obligations of the Borrower or such Loan Party may be owed to a
branch or office of such Lender or the L/C Issuer different from the branch or
office holding such deposit or obligated on such indebtedness.  The
rights of each Lender, the L/C Issuer and their respective Affiliates under this
Section are in addition to other rights and remedies (including other rights of
setoff) that such Lender, the L/C Issuer or their respective Affiliates may
have.  Each Lender and the L/C Issuer agrees to notify the Borrower
and the Administrative Agent promptly after any such setoff and application,
provided that
the failure to give such notice shall not affect the validity of such setoff and
application.

     

    
      
        
        

      

      
        107

        
          

        

      

      
        
        

      

    

     

    10.09      Interest Rate Limitation. Notwithstanding anything
to the contrary contained in any Loan Document, the interest paid or agreed to
be paid under the Loan Documents shall not exceed the Highest Lawful
Rate.  If the Administrative Agent or any Lender shall receive
interest in an amount that exceeds the Highest Lawful Rate, the excess interest
shall be applied to the principal of the Loans or, if it exceeds such unpaid
principal, refunded to the Borrower.  In determining whether the
interest contracted for, charged, or received by the Administrative Agent or a
Lender exceeds the Highest Lawful Rate, such Person may, to the extent permitted
by applicable Law, (a) characterize any payment that is not principal as an
expense, fee, or premium rather than interest, (b) exclude voluntary prepayments
and the effects thereof, and (c) amortize, prorate, allocate, and spread in
equal or unequal parts the total amount of interest throughout the contemplated
term of the Obligations hereunder.

     

    10.10      Counterparts; Integration;
Effectiveness. This Agreement may be
executed in counterparts (and by different parties hereto in different
counterparts), each of which shall constitute an original, but all of which when
taken together shall constitute a single contract.  This Agreement and
the other Loan Documents constitute the entire contract among the parties
relating to the subject matter hereof and supersede any and all previous
agreements and understandings, oral or written, relating to the subject matter
hereof.  Except as provided in Section 4.01, this
Agreement shall become effective when it shall have been executed by the
Administrative Agent and when the Administrative Agent shall have received
counterparts hereof that, when taken together, bear the signatures of the
Borrower and the Required Lenders.  Delivery of an executed
counterpart of a signature page of this Agreement by telecopy shall be effective
as delivery of a manually executed counterpart of this Agreement.

     

    10.11      Survival of Representations and
Warranties. All representations and
warranties made hereunder and in any other Loan Document or other document
delivered pursuant hereto or thereto or in connection herewith or therewith
shall survive the execution and delivery hereof and thereof.  Such
representations and warranties have been or will be relied upon by the
Administrative Agent and each Lender, regardless of any investigation made by
the Administrative Agent or any Lender or on their behalf and notwithstanding
that the Administrative Agent or any Lender may have had notice or knowledge of
any Default at the time of any Credit Extension, and shall continue in full
force and effect as long as any Loan or any other Obligations hereunder shall
remain unpaid or unsatisfied or any Letter of Credit shall remain
outstanding.

     

    10.12      Severability. If any provision of this
Agreement or the other Loan Documents is held to be illegal, invalid or
unenforceable, (a) the legality, validity and enforceability of the remaining
provisions of this Agreement and the other Loan Documents shall not be affected
or impaired thereby and (b) the parties shall endeavor in good faith
negotiations to replace the illegal, invalid or unenforceable provisions with
valid provisions the economic effect of which comes as close as possible to that
of the illegal, invalid or unenforceable provisions.  The invalidity
of a provision in a particular jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

     

    
      
        
        

      

      
        108

        
          

        

      

      
        
        

      

    

     

    10.13      Replacement of Lenders. If (i) any Lender
requests compensation under Section 3.04, (ii)
the Borrower is required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 3.01, (iii)
any Lender is a Defaulting Lender, (iv) any Lender fails to give its consent to
any amendment, waiver or action for which consent of all Lenders was required
and Required Lenders have consented, or (v) if any other circumstance exists
hereunder that gives the Borrower the right to replace a Lender as a party
hereto, then the Borrower may, at its sole expense and effort, upon notice to
such Lender and the Administrative Agent, or in the case of clause (iii) or (iv)
above the Administrative Agent may upon notice to such Lender and the Borrower,
require such Lender to assign and delegate, without recourse (in accordance with
and subject to the restrictions contained in, and consents required by, Section 10.06), all
of its interests, rights and obligations under this Agreement and the related
Loan Documents to an assignee that shall assume such obligations (which assignee
may be another Lender, if a Lender accepts such assignment), provided
that:

     

    (a)           the
Borrower shall have paid to the Administrative Agent the assignment fee
specified in Section
10.06(b) (unless the Administrative Agent has requested such assignment
under clauses (iii) or (iv) above);

     

    (b)           such
Lender shall have received payment of an amount equal to the outstanding
principal of its Loans and L/C Advances, accrued interest thereon, accrued fees
and all other amounts payable to it hereunder and under the other Loan Documents
(including any amounts under Section 3.05) from
the assignee (to the extent of such outstanding principal and accrued interest
and fees) or the Borrower (in the case of all other amounts);

     

    (c)           in
the case of any such assignment resulting from a claim for compensation under
Section 3.04 or
payments required to be made pursuant to Section 3.01, such
assignment will result in a reduction in such compensation or payments
thereafter; and

     

    (d)           such
assignment does not conflict with applicable Laws.

     

    A Lender
shall not be required to make any such assignment or delegation if, prior
thereto, as a result of a waiver by such Lender or otherwise, the circumstances
entitling the Borrower or the Administrative Agent to require such assignment
and delegation cease to apply.

     

    10.14      Governing Law; Jurisdiction;
Etc.

     

    (a)           GOVERNING
LAW.  THIS
AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE
STATE OF TEXAS.

     

    
      
        
        

      

      
        109

        
          

        

      

      
        
        

      

    

     

    (b)           SUBMISSION
TO JURISDICTION.  THE BORROWER AND EACH
OTHER LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS
PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF TEXAS
SITTING IN DALLAS COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE NORTHERN
DISTRICT OF TEXAS, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE
PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT
OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH TEXAS STATE
COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL
COURT.  EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY
SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER
JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY
LAW.  NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL
AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR THE L/C ISSUER MAY
OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR
ANY OTHER LOAN DOCUMENT AGAINST THE BORROWER OR ANY OTHER LOAN PARTY OR ITS
PROPERTIES IN THE COURTS OF ANY JURISDICTION.

     

    (c)           WAIVER
OF VENUE.  THE
BORROWER AND EACH OTHER LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO
THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR
HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF
OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED
TO IN PARAGRAPH (b) OF THIS SECTION.  EACH OF
THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH
ACTION OR PROCEEDING IN ANY SUCH COURT.

     

    (d)           SERVICE
OF PROCESS.  EACH PARTY HERETO
IRREVOCABLY CONSENTS, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, TO
SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION
10.02.  NOTHING IN THIS
AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY
OTHER MANNER PERMITTED BY APPLICABLE LAW.

     

    10.15      Waiver of Jury Trial.  EACH
PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING
DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER
LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED
ON CONTRACT, TORT OR ANY OTHER THEORY).  EACH PARTY HERETO (a)
CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (b) ACKNOWLEDGES
THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS
AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL
WAIVERS AND CERTIFICATIONS IN THIS SECTION.

     

    
      
        
        

      

      
        110

        
          

        

      

      
        
        

      

    

     

    10.16      No Advisory or Fiduciary
Responsibility.  In connection with all aspects of each
transaction contemplated hereby (including in connection with any amendment,
waiver or other modification hereof or of any other Loan Document), the Borrower
and each other Loan Party acknowledges and agrees that:  (a)(i) the
arranging and other services regarding this Agreement provided by the
Administrative Agent and the Arranger are arm’s-length commercial transactions
between the Borrower, each other Loan Party and their respective Affiliates, on
the one hand, and the Administrative Agent and the Arranger, on the other hand,
(ii) each of the Borrower and the other Loan Parties has consulted its own
legal, accounting, regulatory and tax advisors to the extent it has deemed
appropriate, and (iii) the Borrower and each other Loan Party is capable of
evaluating, and understands and accepts, the terms, risks and conditions of the
transactions contemplated hereby and by the other Loan Documents; (b)(i) the
Administrative Agent and the Arranger each is and has been acting solely as a
principal and, except as expressly agreed in writing by the relevant parties,
has not been, is not, and will not be acting as an advisor, agent or fiduciary
for the Borrower, any other Loan Party or any of their respective Affiliates, or
any other Person and (ii) neither the Administrative Agent nor the Arranger has
any obligation to the Borrower, any other Loan Party or any of their respective
Affiliates with respect to the transactions contemplated hereby except those
obligations set forth herein and in the other Loan Documents; and (c) the
Administrative Agent and the Arranger and their respective Affiliates may be
engaged in a broad range of transactions that involve interests that differ from
those of the Borrower, the other Loan Parties and their respective Affiliates,
and neither the Administrative Agent nor the Arranger has any obligation to
disclose any of such interests to the Borrower, any other Loan Party or any of
their respective Affiliates.  To the fullest extent permitted by law,
each of the Borrower and the other Loan Parties hereby waives and releases any
claims that it may have against the Administrative Agent and the Arranger with
respect to any breach or alleged breach of agency or fiduciary duty in
connection with any aspect of any transaction contemplated hereby.

     

    10.17      USA PATRIOT Act Notice. Each Lender that is
subject to the Act (as hereinafter defined) and the Administrative Agent (for
itself and not on behalf of any Lender) hereby notifies the Borrower that
pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56
(signed into law October 26, 2001)) (the “Act”), it is required
to obtain, verify and record information that identifies the Borrower, which
information includes the name and address of the Borrower and other information
that will allow such Lender or the Administrative Agent, as applicable, to
identify the Borrower in accordance with the Act.

     

    10.18      2005 Indenture.  The
Borrower hereby informs the Lenders that the Debt evidenced by the Loans and L/C
Obligations has been incurred pursuant to Section 4.09(b)(i) of the 2005
Indenture.  As a result thereof, the Borrower is permitted to secure
such Debt pursuant to clause (i) of the definition of “Permitted Liens” as set
forth in Section 1.01 of the 2005 Indenture, subject to the terms of Section
4.09(b)(i) of the 2005 Indenture.

     

    10.19      Ratification of Loan
Documents.  The Borrower hereby ratifies and affirms its
obligations under the Loan Documents (as amended, restated or otherwise modified
on the Closing Date), each of which (as amended, restated or otherwise modified
on the Closing Date) shall continue in full force and effect.

     

    10.20      ENTIRE AGREEMENT.  THIS
AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG 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 LEFT INTENTIONALLY
BLANK

                        

                

              

            

          

        

      

    

     

    
      
         

      

      
        111

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed as of the date first above written.

     

    
      
        	 
      	
                TEXAS
      INDUSTRIES, INC.

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ Sharon Ellis

              	 
      
	 
      	
                Name:  Sharon
      Ellis

              
	 
      	
                Title:    Treasurer

              

      

    

     

    
      
         

      

      
        S-1

        
          

        

      

      
         

      

    

    

    
      
        	 
      	
                BANK OF AMERICA, N.A., as Administrative

                Agent

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ Joy L. Bartholomew

              	 
      
	 
      	
                Name:  Joy
      L. Bartholomew

              
	 
      	
                Title:
      Senior Vice President

              

      

    

    
      
         

      

      
        S-2

        
          

        

      

      
         

      

    

    

    
      
        	 
      	
                BANK OF AMERICA, N.A.,
      as a Lender, L/C

                Issuer
      and Swing Line Lender

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ Joy L. Bartholomew

              	 
      
	 
      	
                Name:  Joy
      L. Bartholomew

              
	 
      	
                Title:
      Senior Vice President

              

      

    

     

    
      
         

      

      
        S-3

        
          

        

      

      
         

      

    

    

    
      
        	 
      	
                UBS SECURITIES LLC, as Syndication Agent

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ Irja R. Otsa

              	 
      
	 
      	
                Name:  Irja
      R. Otsa

              
	 
      	
                Title:
      Associate Director

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ Marie Haddad

              	 
      
	 
      	
                Name:  Marie
      Haddad

              
	 
      	
                Title:
      Associate Director

              

      

    

     

    
      
         

      

      
        S-4

        
          

        

      

      
         

      

    

     

    
      
        	 
      	
                UBS LOAN FINANCE, as a
      Lender

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ Irja R. Otsa

              	 
      
	 
      	
                Name:  Irja
      R. Otsa

              
	 
      	
                Title:
      Associate Director

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ Mary E. Evans

              	 
      
	 
      	
                Name:  Mary
      E. Evans

              
	 
      	
                Title:
      Associate Director

              

      

    

     

    
      
         

      

      
        S-5

        
          

        

      

      
         

      

    

    

    
      
        	 
      	
                WELLS FARGO BANK, NATIONAL 

              
	 
      	
                ASSOCIATION, as Co-Documentation Agent and

              
	 
      	
                as a Lender

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ Greg Campbell

              	 
      
	 
      	
                Name:  Greg Campbell

              
	 
      	
                Title: Vice President

              

      

    

     

    
      
         

      

      
        S-6

        
          

        

      

      
         

      

    

    

    
      
        	 
      	
                COMERICA BANK, as Co-Documentation Agent

              
	 
      	
                and
      as a Lender

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ Catherine Young

              	 
      
	 
      	
                Name:  Catherine
      Meister Young

              
	 
      	
                Title:    Vice
      President

              
	 
      	 
      

      

    

     

    
      
         

      

      
        S-7

        
          

        

      

      
         

      

    

     

    
      
        	 
      	
                SUNTRUST BANK, as a
      Lender

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ J Haynes Gentry III

              	 
      
	 
      	
                Name:  J.
      Haynes Gentry, III

              
	 
      	
                Title:    Vice
      President

              

      

    

    
      
         

      

      
        S-8

        
          

        

      

      
         

      

    

    

    
      
        	 
      	
                U.S. BANK NATIONAL
      ASSOCIATION, as a Lender

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ Matthew Kasper

              	 
      
	 
      	
                Name:  Matthew
      Kasper

              
	 
      	
                Title:    Assistant
      Vice-President

              

      

    

     

    
      
         

      

      
        S-9

        
          

        

      

      
         

      

    

    

    
      
        	 
      	
                CAPITAL ONE, N.A., as a
      Lender

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ Mary Jo Hoch

              	 
      
	 
      	
                Name:  Mary
      Jo Hoch

              
	 
      	
                Title:    Senior
      Vice President

              

      

    

     

    
      
         

      

      
        S-10

        
          

        

      

      
         

      

    

    

    
      
        	 
      	
                GENERAL ELECTRIC CAPITAL
      

                CORPORATION, as a
      Lender

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ Maura Fitzgerald

              	 
      
	 
      	
                Name:  Maura
      Fitzgerald

              
	 
      	
                Title:    Vice
      President

              

      

    

     

    
      
         

      

      
        S-11

        
          

        

      

      
         

      

    

    CONSENT
OF GUARANTORS

     

    Each
Guarantor hereby consents and agrees to the amendment and restatement of the
Existing Credit Agreement in the form of this Agreement and further agrees that
(i) this Agreement (as amended, restated, supplemented or otherwise modified
from time to time) shall constitute the “Credit Agreement” referred to in the
Guaranty, and (ii) the Guaranty shall remain in full force and effect and shall
continue to be the legal, valid and binding obligation of such Guarantor
enforceable against it in accordance with the terms thereof.

     

    
      
        	 
      	
                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

              
	 
      	
                TEXAS
      INDUSTRIES HOLDINGS, LLC

              
	 
      	
                TEXAS
      INDUSTRIES TRUST

              
	 
      	
                TXI
      LLC

              
	 
      	
                TXI
      OPERATING TRUST

              

      

    

    

    
      
        	 
      	
                By:

              	
                /s/ Sharon Ellis

              	 
      
	 
      	
                Name:  Sharon
      Ellis

              
	 
      	
                Title:    Treasurer

              
	 
      	 
      
	 
      	
                RIVERSIDE
      CEMENT COMPANY

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ Sharon Ellis

              	 
      
	 
      	
                Name:  Sharon
      Ellis

              
	 
      	
                Title:    Treasurer

              

      

    

     

    
      
        
        

      

      
        S-1

        
          

        

      

      
        
        

      

    

     

    
      
        	 
      	
                TXI
      OPERATIONS, LP

              
	 
      	 
      
	 
      	
                By:   TXI
      Operating Trust, its general partner

              
	 
      	 
      
	 
      	
                By:

              	
                /s/ Sharon Ellis

              	 
      
	 
      	
                Name:  Sharon
      Ellis

              
	 
      	
                Title:    Treasurer

              

      

    

    

    
      
        
        

      

      
        S-2

        
          

        

      

      
        
        

      

    

     

    Schedule 10.02

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

      
         

        EXHIBIT
A

         

        ASSIGNMENT
AND ASSUMPTION

         

        This
Assignment and Assumption (this “Assignment and
Assumption”) is dated as of the Effective Date set forth below and is
entered into by and between [Insert name of Assignor] (the “Assignor”) and
[Insert name of Assignee] (the “Assignee”).  Capitalized
terms used but not defined herein shall have the meanings given to them in the
Credit Agreement identified below (the “Credit Agreement”),
receipt of a copy of which is hereby acknowledged by the
Assignee.  The Standard Terms and Conditions set forth in Annex 1
attached hereto are hereby agreed to and incorporated herein by reference and
made a part of this Assignment and Assumption as if set forth herein in
full.

         

        For an
agreed consideration, the Assignor hereby irrevocably sells and assigns to the
Assignee, and the Assignee hereby irrevocably purchases and assumes from the
Assignor, subject to and in accordance with the Standard Terms and Conditions
and the Credit Agreement, as of the Effective Date inserted by the
Administrative Agent as contemplated below (i) all of the Assignor’s rights and
obligations as a Lender under the Credit Agreement and any other documents or
instruments delivered pursuant thereto to the extent related to the amount and
percentage interest identified below of all of such outstanding rights and
obligations of the Assignor under the respective facilities identified below
(including, without limitation, the Letters of Credit and the Swing Line Loans
included in such facilities) and (ii) to the extent permitted to be assigned
under Applicable Law, all claims, suits, causes of action and any other right of
the Assignor (in its capacity as a Lender) against any Person, whether known or
unknown, arising under or in connection with the Credit Agreement, any other
documents or instruments delivered pursuant thereto or the loan transactions
governed thereby or in any way based on or related to any of the foregoing,
including, but not limited to, contract claims, tort claims, malpractice claims,
statutory claims and all other claims at law or in equity related to the rights
and obligations sold and assigned pursuant to clause (i) above (the rights and
obligations sold and assigned pursuant to clauses (i) and (ii) above being
referred to herein collectively as, the “Assigned
Interest”).  Such sale and assignment is without recourse to
the Assignor and, except as expressly provided in this Assignment and
Assumption, without representation or warranty by the Assignor.

         

        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                    1.

                                  	
                                    Assignor:

                                  	___________________________________________________ 
      
	 	 	 
	
                                    2.

                                  	
                                    Assignee:

                                  	
                                    ______________________________
      [and is an Affiliate/Approved Fund of [identify Lender]1]

                                  
	 	 	 
	
                                    3.

                                  	
                                    Borrower(s):

                                  	
                                    Texas
      Industries, Inc.

                                  
	 	 	 
	
                                    4.

                                  	
                                    Administrative
      Agent:

                                  	
                                    Bank
      of America, N.A., as the administrative agent under the Credit
      Agreement

                                  

                              

                            
                              

                            

                            
                              1  Select
as applicable.

                               

                              
                                Form of
Assignment and Assumption

                              

                            

                             

                            
                              
                                
                                

                              

                              
                                A-1

                                
                                  

                                

                              

                              
                                
                                

                              

                            

                             

                            
                              	
                                      5.

                                    	
                                      Credit
      Agreement:

                                    	
                                      Second
      Amended and Restated Credit Agreement, dated as of June 19, 2009,
      among Texas Industries, Inc., the Lenders from time to time party thereto,
      and Bank of America, N.A., as Administrative Agent, L/C Issuer, and Swing
      Line Lender

                                    

                            

                          

                           

                        

                      

                    

                  

                

              

            

          

        

        
          
            
              
                	
                        6.

                      	
                        Assigned
      Interest:

                      	 
      

              

            

          

        

         

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            	 	
                                                    Aggregate
      Amount

                                                    of
      Commitment

                                                    for all Lenders*

                                                  	 	 	
                                                    Amount
      of

                                                    Commitment/

                                                    Assigned*

                                                  	 	
                                                    Percentage

                                                    Assigned
      of

                                                    Commitment2

                                                  	 	
                                                    CUSIP

                                                    Number

                                                  
	

                                                     

                                                  	
                                                    

                                                      $

                                                    

                                                  	 	 	$ 
      	 	 	 	%	 
      
	

                                                     

                                                  	
                                                    $

                                                  	 	 	$ 
      	 	 	 	%	 
      
	

                                                     

                                                  	
                                                    $

                                                  	 	 	$ 
      	 	 	 	%	 
      

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

           

        

        
          
            	
                    [7.

                  	 
      	
                    Trade
      Date:

                  	 
      	
                     ]3

                  

          

        

         

        
          Effective
Date:  __________________, 20__ [TO BE INSERTED BY ADMINISTRATIVE
AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE
REGISTER THEREFOR.]

           

          The terms
set forth in this Assignment and Assumption are hereby agreed to:

           

          
            
              
                
                  
                    	 
      	
                            ASSIGNOR

                          
	 
      	 
      
	 
      	
                            [NAME
      OF ASSIGNOR]

                          
	 
      	 
      
	 
      	
                            By:

                          	 
      
	 
      	 
      	
                            Title:

                          
	 
      	 
      
	 
      	
                            ASSIGNEE

                          
	 
      	 
      
	 
      	
                            [NAME
      OF ASSIGNEE]

                          
	 
      	 
      
	 
      	
                            By:

                          	 
      
	 
      	 
      	
                            Title:

                          

                  

                

              

            

          

        

         

        
          
            

          

        

        
          2 Amount
to be adjusted by the counterparties to take into account any payments or
prepayments made between the Trade Date and the Effective Date. Set forth, to at
least 9 decimals, as a percentage of the Commitment/Loans of all Lenders
thereunder. 

        

        
          3 To be
completed if the Assignor and the Assignee intend that the minimum assignment
amount is to be determined as of the Trade Date.

           

          
            Form of
Assignment and Assumption

          

        

        
          
             

          

          
            A-2

            
              

            

          

          
             

          

        

         

        [Consented
to and]4
Accepted:

         

        BANK OF
AMERICA, N.A.,

        as
Administrative Agent

        

        
          
            
              
                
                  	
                          By:

                        	 	 
      
	 
      	
                          Title:

                        
	 
      
	
                          [Consented
      to:]5

                        
	
                          By:

                        	 	 
      
	 
      	
                          Title:

                        

                

              

            

          

        

         

         

          
            

          

        

        
          4 To
be added only if the consent of the Administrative Agent is required by the
terms of the Credit Agreement.

          5 To
be added only if the consent of the Borrower and/or other parties (e.g. Swing
Line Lender, L/C Issuer) is required by the terms of the Credit
Agreement.

          
             

            Form of
Assignment and Assumption

        

        
          
            
            

          

          
            A-3

            
              

            

          

          
            
            

          

          
            ANNEX
1 TO ASSIGNMENT AND ASSUMPTION

             

            STANDARD
TERMS AND CONDITIONS FOR

             

            ASSIGNMENT
AND ASSUMPTION

             

            1.           Representations
and Warranties.

             

            1.1           Assignor.  The
Assignor (a) represents and warrants that (i) it is the legal and beneficial
owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of
any lien, encumbrance or other adverse claim and (iii) it has full power and
authority, and has taken all action necessary, to execute and deliver this
Assignment and Assumption and to consummate the transactions contemplated
hereby; and (b) assumes no responsibility with respect to (i) any statements,
warranties or representations made in or in connection with the Credit Agreement
or any other Loan Document, (ii) the execution, legality, validity,
enforceability, genuineness, sufficiency or value of the Loan Documents or any
collateral thereunder, (iii) the financial condition of the Borrower, any of its
Subsidiaries or Affiliates or any other Person obligated in respect of any Loan
Document or (iv) the performance or observance by the Borrower, any of its
Subsidiaries or Affiliates or any other Person of any of their respective
obligations under any Loan Document.

             

            1.2           Assignee.  The
Assignee (a) represents and warrants that (i) it has full power and authority,
and has taken all action necessary, to execute and deliver this Assignment and
Assumption and to consummate the transactions contemplated hereby and to become
a Lender under the Credit Agreement, (ii) it meets all requirements of an
Eligible Assignee under the Credit Agreement (subject to receipt of such
consents as may be required under the Credit Agreement), (iii) from and after
the Effective Date, it shall be bound by the provisions of the Credit Agreement
as a Lender thereunder and, to the extent of the Assigned Interest, shall have
the obligations of a Lender thereunder, (iv) it has received a copy of the
Credit Agreement, together with copies of the most recent financial statements
delivered pursuant to Section 6.01 thereof,
as applicable, and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into this
Assignment and Assumption and to purchase the Assigned Interest on the basis of
which it has made such analysis and decision independently and without reliance
on the Administrative Agent or any other Lender, and (v) if it is a Foreign
Lender, attached hereto is any documentation required to be delivered by it
pursuant to the terms of the Credit Agreement, duly completed and executed by
the Assignee; and (b) agrees that (i) it will, independently and without
reliance on the Administrative Agent, the Assignor or any other Lender, and
based on such documents and information as it shall deem appropriate at the
time, continue to make its own credit decisions in taking or not taking action
under the Loan Documents, and (ii) it will perform in accordance with their
terms all of the obligations which by the terms of the Loan Documents are
required to be performed by it as a Lender.

             

            2.           Payments.  From
and after the Effective Date, the Administrative Agent shall make all payments
in respect of the Assigned Interest (including payments of principal, interest,
fees and other amounts) to the Assignor for amounts which have accrued to but
excluding the Effective Date and to the Assignee for amounts which have accrued
from and after the Effective Date.

             

            Form of
Assignment and Assumption

            
              
                 

              

              
                A-4

                
                  

                

              

              
                 

              

            

             

            3.           General
Provisions.  This Assignment and Assumption shall be binding
upon, and inure to the benefit of, the parties hereto and their respective
successors and assigns.  This Assignment and Assumption may be
executed in any number of counterparts, which together shall constitute one
instrument.  Delivery of an executed counterpart of a signature page
of this Assignment and Assumption by telecopy shall be effective as delivery of
a manually executed counterpart of this Assignment and
Assumption.  This Assignment and Assumption shall be governed by, and
construed in accordance with, the law of the State of Texas.

             

            Form of
Assignment and Assumption

            
              
                 

              

              
                A-5

                
                  

                

              

              
                 

              

            

            EXHIBIT
B

             

            FORM
OF COMPLIANCE CERTIFICATE

             

            Financial
Statement Date:  ____________,

             

            To:           Bank
of America, N.A., as Administrative Agent

             

            Ladies
and Gentlemen:

             

            Reference
is made to that certain Second Amended and Restated Credit Agreement, dated as
of June 19, 2009 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Agreement;” the terms
defined therein being used herein as therein defined), among Texas Industries,
Inc., a Delaware corporation (the “Borrower”), the
Lenders from time to time party thereto, and Bank of America, N.A., as
Administrative Agent, L/C Issuer and Swing Line Lender.

             

            The
undersigned Responsible Officer hereby certifies as of the date hereof that
he/she is the ________________________________________ of the Borrower, and
that, as such, he/she is authorized to execute and deliver this Certificate to
the Administrative Agent on the behalf of the Borrower, and that:

             

            [Use
following paragraph 1 for fiscal year-end financial statements]

             

            1.           Attached
hereto as Schedule
1 are the year-end audited financial statements required by Section 6.01(a) of the
Agreement for the fiscal year of the Borrower ended as of the above date,
together with the report and opinion of an independent certified public
accountant required by such section.

             

            [Use
following paragraph 1 for fiscal quarter-end financial statements]

             

            1.           Attached
hereto as Schedule
1 are the unaudited financial statements required by Section 6.01(b) of
the Agreement for the fiscal quarter of the Borrower ended as of the above
date.  Such financial statements fairly present the financial
condition, results of operations and cash flows of the Borrower and its
Subsidiaries in accordance with GAAP as at such date and for such period,
subject only to normal year-end audit adjustments and the absence of
footnotes.

             

            [Use
following paragraph 1 for month-end financial statements]

             

            1.           Attached
hereto as Schedule
1 are the statements of income or operations required by Section 6.01(c) of
the Agreement for the fiscal month of the Borrower ended as of the above
date.  Such statements fairly present in all material respects the
results of operations of the Borrower and its Subsidiaries (except that such
statements were not prepared in accordance with GAAP).

             

            Form of
Compliance Certificate

            
              
                 

              

              
                B-1

                
                  

                

              

              
                 

              

            

             

            2.           The
undersigned has reviewed and is familiar with the terms of the Agreement and has
made, or has caused to be made under his/her supervision, a detailed review of
the transactions and condition (financial or otherwise) of the Borrower during
the accounting period covered by the attached financial statements.

             

            3.           A
review of the activities of the Borrower during such fiscal period has been made
under the supervision of the undersigned with a view to determining whether
during such fiscal period the Borrower performed and observed all its
Obligations under the Loan Documents, and

             

            [select
one:]

             

            [to
the knowledge of the undersigned during such fiscal period, the Borrower
performed and observed each covenant and condition of the Loan Documents
applicable to it, and no Default has occurred and is continuing.]

             

            —or—

             

            [the
following covenants or conditions have not been performed or observed and the
following is a list of each such Default and its nature and
status:]

             

            4.           [Except as described below,]
The representations and warranties of the Borrower contained in Article V of the
Agreement, and any representations and warranties of any Loan Party that are
contained in any document furnished at any time under or in connection with the
Loan Documents, are true and correct on and as of the date hereof, except to the
extent that such representations and warranties specifically refer to an earlier
date, in which case they are true and correct as of such earlier date, and
except that for purposes of this Compliance Certificate, the representations and
warranties contained in subsection (a) of Section 5.05 of the Agreement
shall be deemed to refer to the most recent statements furnished pursuant to
clause (a) of Section
6.01 of the Agreement, including the statements in connection with which
this Compliance Certificate is delivered.

             

            [describe]

             

            5.           The
financial covenant analyses and information set forth on Schedule 2 attached
hereto are true and accurate on and as of the date of this
Certificate.

             

            This
Certificate is executed by the undersigned in his or her capacity as an officer
of the Borrower and not in any individual capacity.

             

            IN
WITNESS WHEREOF, the undersigned has executed this Certificate as of
______________, ____

             

             

            Form of
Compliance Certificate

            
              
                 

              

              
                B-2

                
                  

                

              

              
                 

              

            

             

            
              
                
                  
                    
                      	 
      	
                              TEXAS
      INDUSTRIES, INC.

                            
	 
      	 
      
	 
      	
                              By:

                            	 
      
	 
      	
                              Name:

                            	 
      
	 
      	
                              Title:

                            	 
      

                    

                  

                

              

            

             

            Form of
Compliance Certificate

            
              
                 

              

              
                B-3

                
                  

                

              

              
                 

              

            

            For the
Month/Quarter/Year ended ___________________(“Statement
Date”)

             

            SCHEDULE
2

             

            to the
Compliance Certificate

             

            ($ in
000’s)

             

            
              
                
                  	
                          I.

                        	
                          Leverage
      Ratio – For Determination of Applicable Rate.

                        
	 
      	
                          A.

                        	
                          Total
      Debt for the Borrower and its Subsidiaries, without
      duplication:

                        	 	 
      
	 
      	 
      	
                          1.

                        	
                          All
      principal outstanding under the Loan Documents:

                        	 	
                          $____________

                        
	 
      	 
      	
                          2.

                        	
                          All
      principal obligations evidenced by a promissory note or otherwise
      representing borrowed money:

                        	 	
                          $____________

                        
	 
      	 
      	
                          3.

                        	
                          All
      reimbursement obligations for letters of credit that have been drawn upon
      and remain outstanding:

                        	 	
                          $____________

                        
	 
      	 
      	
                          4.

                        	
                          All
      Capitalized Lease Obligations:

                        	 	
                          $____________

                        
	 
      	 
      	
                          5.

                        	
                          Total
      Debt (Lines I.A.1. + 2. + 3. + 4.):

                        	 	
                          $____________

                        
	 
      	
                          B.

                        	
                          EBITDA
      for the period of the four fiscal quarters most recently
      ended:

                        	 	 
      
	 
      	 
      	
                          1.

                        	
                          EBITDA
      for the Borrower and its Subsidiaries on a consolidated
    basis:

                        	 	 
      
	 
      	 
      	 
      	
                          (a)

                        	
                          Adjusted
      Net Earnings From Operations for such Period:

                        	 	 
      
	 
      	 
      	 
      	 
      	
                          (i)

                        	
                          net
      income for the Borrower and its Subsidiaries on a consolidated basis after
      provision for income taxes for such fiscal period, as determined in
      conformity with GAAP and reported on the financial statements for such
      fiscal period:

                        	 	
                          $____________

                        
	 
      	 
      	 
      	 
      	
                          (ii)

                        	
                          to
      the extent included in net income,  gain, to the extent in
      excess of $5,000,000, or loss arising from the sale of any capital assets
      (including sales of surplus operating assets and real
    estate):

                        	 	
                          $____________

                        
	 
      	 
      	 
      	 
      	
                          (iii)

                        	
                          to
      the extent included in net income,  gain or loss arising from
      any write-up or write-down in the book value of any asset:

                        	 	
                          $____________

                        
	 
      	 
      	 
      	 
      	
                          (iv)

                        	
                          to
      the extent included in net income, earnings of any other Person,
      substantially all of the assets of which have been acquired by the
      Borrower or its Subsidiaries in any manner, to the extent realized by such
      other Person prior to the date of Acquisition:

                        	 	
                          $____________

                        

                

              

            

             

            Form of
Compliance Certificate

            
              
                 

              

              
                B-4

                
                  

                

              

              
                 

              

            

             

            
              
                
                  
                    
                      
                        
                          	 
      	 
      	 
      	 
      	
                                  (v)

                                	
                                  to
      the extent included in net income, earnings of any other Person (excluding
      Wholly-Owned Subsidiaries) in which the Borrower or its Subsidiaries has
      an ownership interest unless (and only to the extent) such earnings shall
      actually have been received by the Borrower or its Subsidiaries in the
      form of cash distributions:

                                	 	
                                  $____________

                                
	 
      	 
      	 
      	 
      	
                                  (vi)

                                	
                                  to
      the extent included in net income, earnings of any Person to which assets
      of the Borrower or its Subsidiaries shall have been sold, transferred, or
      disposed of, or into which the Borrower or its Subsidiaries shall have
      been merged, or which has been a party with the Borrower or its
      Subsidiaries to any consolidation or other form of reorganization, prior
      to the date of such transaction:

                                	 	
                                  $____________

                                
	 
      	 
      	 
      	 
      	
                                  (vii)

                                	
                                  to
      the extent included in net income, gain arising from the acquisition of
      debt or equity securities of the Borrower or its Subsidiaries or from
      cancellation or forgiveness of Debt:

                                	 	
                                  $____________

                                
	 
      	 
      	 
      	 
      	
                                  (viii)

                                	
                                  to
      the extent included in net income, gain or loss arising from extraordinary
      items, as determined in conformity with GAAP, or from any other
      non-recurring transaction:

                                	 	
                                  $____________

                                
	 
      	 
      	 
      	 
      	
                                  (ix)

                                	
                                  Adjusted
      Net Earnings From Operations (Lines I.B.1.(a)(i)  – (ii) – (iii)
      – (iv) – (v) – (vi) – (vii) – (viii)):

                                	 	
                                  $____________

                                
	 
      	 
      	 
      	
                                  (b)

                                	
                                  To
      the extent deducted in the determination of Adjusted Net Earnings From
      Operations, Interest Expense:

                                	 	
                                  $____________

                                
	 
      	 
      	 
      	
                                  (c)

                                	
                                  To
      the extent deducted in the determination of Adjusted Net Earnings From
      Operations, federal, state, local and foreign income
taxes:

                                	 	
                                  $____________

                                
	 
      	 
      	 
      	
                                  (d)

                                	
                                  To
      the extent deducted in the determination of Adjusted Net Earnings From
      Operations, Depreciation, amortization and other non-recurring non-cash
      charges (excluding any non-cash charges to the extent that it represents
      an accrual of or reserve for cash payments in any future
      period):

                                	 	
                                  $____________

                                

                           

                          Form of Compliance Certificate

                           

                          
                            
                              
                              

                            

                            
                              B-5

                              
                                

                              

                            

                            
                              
                              

                            

                          

                           

                          	 
      	 
      	 
      	
                                  (e)

                                	
                                  To
      the extent deducted in the determination of Adjusted Net Earnings From
      Operations, non-cash charges in respect of stock based compensation
      expenses (excluding any non-cash charges to the extent that it represents
      an accrual of or reserve for cash payments in any future
      period):

                                	 	
                                  $____________

                                
	 
      	 
      	 
      	
                                  (f)

                                	
                                  To
      the extent included in the determination of Adjusted Net Earnings From
      Operations, non-cash credits:

                                	 	
                                  $____________

                                
	 
      	 
      	 
      	
                                  (g)

                                	
                                  EBITDA
      (Lines I.B.1(a)(ix) + (b) + (c) + (d) + (e) – (f)):

                                	 	
                                  $____________

                                
	 
      	
                                  C.

                                	
                                  Leverage
      Ratio (Line I.A.5.  ̧ Line
      I.B.1.(g)):

                                	 	
                                  ______ to 1.00

                                
	
                                  II.

                                	
                                  Sections
      7.03(k) – Limitation on Other Debt.

                                
	 
      	
                                  A.

                                	
                                  The
      aggregate outstanding amount of other unsecured or secured Debt pursuant
      to Section
      7.03(k):

                                	 	
                                  $____________

                                
	 
      	
                                  B.

                                	
                                  Maximum:

                                	 	
                                  $25,000,000

                                
	
                                  III.

                                	
                                  Section 7.11 –
      Fixed Charge Coverage Ratio

                                
	 
      	
                                  A.

                                	
                                  EBITDA
      (Line I.B.1(g)):

                                	 	
                                  $____________

                                
	 
      	
                                  B.

                                	
                                  Capital
      Expenditures (except for Capital Expenditures (i) financed with borrowed
      money other than Loans or (ii) paid during the fiscal year ended May 31,
      2009 for capital improvements at the Oro Grande and Hunter facilities
      (provided, that up to $10,000,000 of Capital Expenditures accrued prior to
      May 31, 2009 for improvements such facilities may be paid following such
      date and still be excluded from Capital Expenditures for the purposes of
      this definition)):

                                	 	
                                  $____________

                                
	 
      	
                                  C

                                	
                                  Cash
      taxes paid

                                	 	
                                  $____________

                                
	 
      	
                                  D.

                                	
                                  (Lines
      III.A. – B. - C.):

                                	 	
                                  $____________

                                
	 
      	
                                  E.

                                	
                                  Interest
      Expense (other than payment-in-kind):

                                	 	
                                  $____________

                                
	 
      	
                                  F.

                                	
                                  Principal
      payments made on borrowed money (including the principal portion of
      payments in respect of Capital Lease Obligations):

                                	 	
                                  $____________

                                
	 
      	
                                  G.

                                	
                                  Restricted
      Payments (other than Dividends payable to the Borrower or a Guarantor or
      payable solely in stock):

                                	 	
                                  $____________

                                
	 
      	
                                  H

                                	
                                  Rolling
      Stock Depreciation Amount:

                                	 	
                                  $____________

                                
	 
      	
                                  I.

                                	
                                  Fixed
      Charges (Lines III.E. + F. + G. + H.)

                                	 	
                                  $____________

                                
	 
      	
                                  J.

                                	
                                  Fixed
      Charge Coverage Ratio (Line III.D. ÷ Line III.I.):

                                	 	
                                  _____
      to 1.00

                                
	 
      	
                                  K.

                                	
                                  Minimum
      Fixed Charge Coverage Ratio:

                                	 	
                                  1.10
      to
1.00

                                

                        

                      

                    

                  

                

              

            

             

            Form of
Compliance Certificate

             

            
              
                 

              

              
                B-6

                
                  

                

              

              
                 

              

            

             

            EXHIBIT
C

             

            FORM
OF GUARANTY

             

            GUARANTY
(together with all amendments and restatements and Guaranty Supplements, this
“Guaranty”),
dated as of August 15, 2007, made by each of the parties listed on the signature
pages hereof and each other Person who may from time to time become a party to
this Guaranty pursuant to Section 22
(collectively, the “Additional
Guarantors,” and
each, an “Additional
Guarantor,” and
together with each of the signatories party hereto, collectively the “Guarantors,” and each, a “Guarantor”), in favor
of the Guarantied Parties referred to below.

             

            WITNESSETH.

             

            WHEREAS,
Texas Industries, Inc., a Delaware corporation (the “Borrower”), has
entered into the First Amended and Restated Credit Agreement dated as of August
15, 2007, among Bank of America, N.A., as the Administrative Agent (hereinafter,
the “Administrative
Agent”), the Lenders party thereto, Swing Line Lender and L/C Issuer
(said Credit Agreement, as it may be amended, supplemented, or otherwise
modified from time to time, the “Credit Agreement”;
and capitalized terms not defined herein but defined therein being used herein
as therein defined); and

             

            WHEREAS,
the Borrower and each of the Guarantors are members of the same consolidated
group of companies and are engaged in operations which require financing on a
basis in which credit can be made available from time to time to the Borrower
and the Guarantors, and the Guarantors will derive direct and indirect economic
benefit from the Revolving Loans, Swing Line Loans and Letters of Credit under
the Credit Agreement and financial accommodations made pursuant to Swap
Contracts and Cash Management Documents; and

             

            WHEREAS,
it is a condition precedent to the obligation of the Lenders to make Revolving
Loans and Swing Line Loans and issue Letters of Credit under the Credit
Agreement and Guarantied Parties to make financial accommodations under Swap
Contracts and Cash Management Documents that the Guarantors shall have executed
and delivered this Guaranty; and

             

            WHEREAS,
the Administrative Agent, the Lenders, any Lender or Affiliate of any Lender
that is a party to any Swap Contract with the Borrower or any Subsidiary of the
Borrower, any Lender or Affiliate of any Lender that is owed any Cash Management
Obligation (provided that at the time such Cash Management Obligation arose such
Lender is a party to the Credit Agreement), and the beneficiaries of each
indemnification obligation undertaken by any Loan Party under any Loan Document
are herein referred to as the “Guarantied Parties”;
provided that any Person that ceases to be a Lender (and any Affiliate of such
Person) shall be a Guarantied Party only with respect to transactions under Swap
Contracts that were entered into during or prior to the time that such Person
was a Lender.

             

            Form of
Guaranty

             

            
              
                 

              

              
                C-1

                
                  

                

              

              
                 

              

            

            AGREEMENT.

             

            NOW,
THEREFORE, in consideration of the premises and to induce the Lenders to make
Revolving Loans, the Swing Line Lender to make Swing Line Loans and the L/C
Issuer to issue Letters of Credit and Guarantied Parties to make financial
accommodations under Swap Contracts and Cash Management Documents, the
Guarantors hereby agree as follows:

             

            SECTION
1.  Guaranty.  The
Guarantors hereby jointly and severally unconditionally and irrevocably
guarantee the full and prompt payment when due, whether at stated maturity, by
acceleration or otherwise, of, and the performance of, (a) the Obligations,
whether now or hereafter existing and whether for principal, interest, fees,
expenses or otherwise, (b) all Swap Obligations owed to any Guarantied Party
under a Swap Contract, each a “Guarantied Swap
Contract”), (c) all Cash Management Obligations owed to any Lender or any
Affiliate of such Lender (provided that at the time such Cash Management
Obligation arose such Lender is a party to the Credit Agreement), (d) any and
all out-of-pocket expenses (including, without limitation, expenses and
reasonable counsel fees and expenses of the Administrative Agent and the other
Guarantied Parties) incurred by any of the Guarantied Parties in enforcing any
rights under this Guaranty or under any other Loan Document, and (e) all present
and future amounts in respect of the foregoing that would become due but for the
operation of any provision of Debtor Relief Laws, and all present and future
accrued and unpaid interest, including, without limitation, all post-petition
interest if any Loan Party voluntarily or involuntarily becomes subject to any
Debtor Relief Laws (the items set forth in clauses (a), (b), (c), (d) and (e)
being herein referred to as the “Guarantied
Obligations”).  Upon failure of the Borrower to pay any of the
Guarantied Obligations when due after the giving by the Administrative Agent
and/or the Guarantied Parties of any notice and the expiration of any applicable
cure period in each case provided for in the Credit Agreement, the other Loan
Documents, any Guarantied Swap Contract or any Cash Management Document (whether
at stated maturity, by acceleration or otherwise), the Guarantors hereby further
jointly and severally agree to promptly pay the same after the Guarantors’
receipt of notice from the Administrative Agent of the Borrower’s failure to pay
the same, without any other demand or notice whatsoever, including without
limitation, any notice having been given to any Guarantor of either the
acceptance by the Guarantied Parties of this Guaranty or the creation or
incurrence of any of the Guarantied Obligations.  This Guaranty is an
absolute guaranty of payment and performance of the Guarantied Obligations and
not a guaranty of collection, meaning that it is not necessary for the
Guarantied Parties, in order to enforce payment by the Guarantors, first or
contemporaneously to accelerate payment of any of the Guarantied Obligations, to
institute suit or exhaust any rights against any Loan Party, or to enforce any
rights against any collateral.  Notwithstanding anything herein or in
any other Loan Document, any Guarantied Swap Contract or any Cash Management
Document to the contrary, in any action or proceeding involving any state
corporate or other entity Law, or any state or federal bankruptcy, insolvency,
reorganization or other Law affecting the rights of creditors generally, if, as
a result of applicable Law relating to fraudulent conveyance or fraudulent
transfer, including Section 548 of Bankruptcy Code or any applicable provisions
of comparable state Law (collectively, “Fraudulent Transfer
Laws”), the obligations of any Guarantor under this Section 1 would
otherwise, after giving effect to (a) all other liabilities of such Guarantor,
contingent or otherwise, that are relevant under such Fraudulent Transfer Laws
(specifically excluding, however, any liabilities of such Guarantor in respect
of intercompany Debt to the Borrower to the extent that such Debt would be
discharged in an amount equal to the amount paid by such Guarantor hereunder)
and (b) to the value as assets of such Guarantor (as determined under the
applicable provisions of such Fraudulent Transfer Laws) of any rights of
subrogation, contribution, reimbursement, indemnity or similar rights held by
such Guarantor pursuant to (i) applicable requirements of Law, (ii) Section 10 hereof or
(iii) any other contractual obligations providing for an equitable allocation
among such Guarantor and other Subsidiaries or Affiliates of the Borrower of
obligations arising under this Guaranty or other guaranties of the Guarantied
Obligations by such parties, be held or determined to be void, invalid or
unenforceable, or subordinated to the claims of any other creditors, on account
of the amount of its liability under this Section 1, then the
amount of such liability shall, without any further action by such Guarantor,
any Guarantied Party, the Administrative Agent or any other Person, be
automatically limited and reduced to the highest amount that is valid and
enforceable and not subordinated to the claims of other creditors as determined
in such action or proceeding.

             

            Form of Guaranty

             

            
              
                 

              

              
                C-2

                
                  

                

              

              
                 

              

            

            SECTION
2.  Guaranty
Absolute.  Each Guarantor guarantees that the Guarantied
Obligations will be paid strictly in accordance with the terms of the Credit
Agreement, the Notes, the other Loan Documents, the Guarantied Swap Contracts
and the Cash Management Documents, without set-off or counterclaim, and
regardless of any Applicable Law now or hereafter in effect in any jurisdiction
affecting any of such terms or the rights of the Guarantied Parties with respect
thereto.  The liability of each Guarantor under this Guaranty shall be
absolute and unconditional irrespective of:

             

            (a)           any
lack of validity or enforceability of any provision of any other Loan Document,
any Guarantied Swap Contract or any Cash Management Document or any other
agreement or instrument relating to any of the foregoing, or avoidance or
subordination of any of the Guarantied Obligations;

             

            (b)           any
change in the time, manner or place of payment of, or in any other term of, or
any increase in the amount of, all or any of the Guarantied Obligations, or any
other amendment or waiver of any term of, or any consent to departure from any
requirement of, the Credit Agreement, the Notes or any of the other Loan
Documents, any Guarantied Swap Contract or any Cash Management
Document;

             

            (c)           any
exchange, release or non-perfection of any Lien on any collateral for, or any
release of any other Loan Party or amendment or waiver of any term of any other
guaranty of, or any consent to departure from any requirement of any other
guaranty of, all or any of the Guarantied Obligations;

             

            (d)           the
absence of any attempt to collect any of the Guarantied Obligations from the
Borrower or from any other Loan Party or any other action to enforce the same or
the election of any remedy by any of the Guarantied Parties;

             

            (e)           any
waiver, consent, extension, forbearance or granting of any indulgence by any of
the Guarantied Parties with respect to any provision of any other Loan Document,
any Guarantied Swap Contract or any Cash Management Document;

             

            (f)           the
election by any of the Guarantied Parties in any proceeding under any Debtor
Relief Law;

             

            Form of Guaranty

             

            
              
                 

              

              
                C-3

                
                  

                

              

              
                 

              

            

            (g)           any
borrowing or grant of a security interest by the Borrower, as
debtor-in-possession, under any Debtor Relief Law; or

             

            (h)           any
other circumstance which might otherwise constitute a legal or equitable
discharge or defense of the Borrower or any Guarantor other than payment or
performance of the Guarantied Obligations.

             

            SECTION
3.  Waiver.

             

            (a)           Each
Guarantor hereby (i) waives (A) promptness, diligence, and, except as otherwise
provided herein, notice of acceptance and any and all other notices, including,
without limitation, notice of intent to accelerate and notice of acceleration,
with respect to any of the Guarantied Obligations or this Guaranty, (B) any
requirement that any of the Guarantied Parties protect, secure, perfect or
insure any security interest in or other Lien on any property subject thereto or
exhaust any right or take any action against the Borrower or any other Person or
any collateral, (C) the filing of any claim with a court in the event of
receivership or bankruptcy of the Borrower or any other Person, (D) except as
otherwise provided herein, protest or notice with respect to nonpayment of all
or any of the Guarantied Obligations, (E) to the extent not prohibited by Law,
the benefit of any statute of limitation, (F) all demands whatsoever (and any
requirement that demand be made on the Borrower or any other Person as a
condition precedent to such Guarantor’s obligations hereunder), (G) all rights
by which any Guarantor might be entitled to require suit on an accrued right of
action in respect of any of the Guarantied Obligations or require suit against
the Borrower or any other Guarantor or Person, whether arising pursuant to
Section 34.02 of the Texas Business and Commerce Code, as amended, Section
17.001 of the Texas Civil Practice and Remedies Code, as amended, Rule 31 of the
Texas Rules of Civil Procedure, as amended, or otherwise, (H) any defense based
upon an election of remedies by any Guarantied Party, or (I) notice of any
events or circumstances set forth in clauses (a) through (h) of Section 2 hereof; and
(ii) covenants and agrees that, except as otherwise agreed by the parties, this
Guaranty will not be discharged except by (A) complete payment and performance
of the Guarantied Obligations and any other obligations of such Guarantor
contained herein or (B) as to any Guarantor, upon the sale or other disposition
of all of the Equity Interests of such Guarantor as permitted under the Credit
Agreement.

             

            (b)           If,
in the exercise of any of its rights and remedies, any of the Guarantied Parties
shall forfeit any of its rights or remedies, including, without limitation, its
right to enter a deficiency judgment against the Borrower or any other Person,
whether because of any Applicable Law pertaining to “election of remedies” or
the like, each Guarantor hereby consents to such action by such Guarantied Party
and waives any claim based upon such action.  Any election of remedies
which, by reason of such election, results in the denial or impairment of the
right of such Guarantied Party to seek a deficiency judgment against the
Borrower or any other Person shall not impair the obligation of such Guarantor
to pay the full amount of the Guarantied Obligations or any other obligation of
such Guarantor contained herein.

             

            (c)           In
the event any of the Guarantied Parties shall bid at any foreclosure or
trustee’s sale or at any private sale permitted by Law or under any of the Loan
Documents, any Guarantied Swap Contract or any Cash Management Document, to the
extent not prohibited by Applicable Law, such Guarantied Party may bid all or
less than the amount of the Guarantied Obligations and the amount of such bid,
if successful, need not be paid by such Guarantied Party but shall be credited
against the Guarantied Obligations.

             

            Form of Guaranty

             

            
              
                 

              

              
                C-4

                
                  

                

              

              
                 

              

            

            (d)           Each
Guarantor agrees that notwithstanding the foregoing and without limiting the
generality of the foregoing if, after the occurrence and during the continuance
of an Event of Default, the Guarantied Parties are prevented by Applicable Law
from exercising their respective rights to accelerate the maturity of the
Guarantied Obligations, to collect interest on the Guarantied Obligations, or to
enforce or exercise any other right or remedy with respect to the Guarantied
Obligations, or the Administrative Agent is prevented from taking any action to
realize on the collateral, such Guarantor agrees to pay to the Administrative
Agent for the account of the Guarantied Parties, upon demand therefor, for
application to the Guarantied Obligations, the amount that would otherwise have
been due and payable had such rights and remedies been permitted to be exercised
by the Guarantied Parties.

             

            (e)           Each
Guarantor hereby assumes responsibility for keeping itself informed of the
financial condition of the Borrower and of each other Loan Party, and of all
other circumstances bearing upon the risk of nonpayment of the Guarantied
Obligations or any part thereof, that diligent inquiry would
reveal.  Each Guarantor hereby agrees that the Guarantied Parties
shall have no duty to advise any Guarantor of information known to any of the
Guarantied Parties regarding such condition or any such
circumstance.  In the event that any of the Guarantied Parties in its
sole discretion undertakes at any time or from time to time to provide any such
information to any Guarantor, such Guarantied Party shall be under no obligation
(i) to undertake any investigation not a part of its regular business routine,
(ii) to disclose any information which, pursuant to accepted or reasonable
banking or commercial finance practices, such Guarantied Party wishes to
maintain as confidential, or (iii) to make any other or future disclosures of
such information or any other information to such Guarantor.

             

            (f)           Each
Guarantor consents and agrees that the Guarantied Parties shall be under no
obligation to marshal any assets in favor of any Guarantor or any other Loan
Party or otherwise in connection with obtaining payment of any or all of the
Guarantied Obligations from any Person or source.

             

            SECTION
4.  Representations and
Warranties.  Each Guarantor hereby represents and warrants to
the Guarantied Parties that the representations and warranties set forth in
Article V of
the Credit Agreement as they relate to such Guarantor or to the Loan Documents
to which such Guarantor is a party are true and correct in all material respects
in the manner specified in the Credit Agreement and the Guarantied Parties shall
be entitled to rely on each of them as if they were fully set forth
herein.

             

            SECTION
5.  Amendments,
Etc.  No amendment or waiver of any provision of this Guaranty,
and no consent to any departure by any Guarantor herefrom shall in any event be
effective unless the same shall be in writing, approved by the Required Lenders
(or by all the Lenders where the approval of each Lender is required under the
Credit Agreement) and signed by the Administrative Agent, and then such waiver
or consent shall be effective only in the specific instance and for the specific
purpose for which given.

             

            Form of Guaranty

             

            
              
                 

              

              
                C-5

                
                  

                

              

              
                 

              

            

            SECTION
6.  Addresses for
Notices.  All notices and other communications provided for
hereunder shall be effectuated in the manner provided for in Section 10.02 of the
Credit Agreement; provided, that if a
notice or communication hereunder is sent to a Guarantor, said notice shall be
addressed to such Guarantor, in care of the Borrower at the Borrower’s then
current address (or facsimile number) for notice under the Credit
Agreement.

             

            SECTION
7.  No Waiver;
Remedies.

             

            (a)           No
failure on the part of any Guarantied Party to exercise, and no delay in
exercising, any right hereunder shall operate as a waiver thereof; nor shall any
single or partial exercise of any right hereunder preclude any other or further
exercise thereof or the exercise of any other right.  The remedies
herein provided are cumulative and not exclusive of any remedies provided by
Applicable Law or any of the other Loan Documents, any Guarantied Swap Contract
or any Cash Management Document.

             

            (b)           No
waiver by the Guarantied Parties of any default shall operate as a waiver of any
other default or the same default on a future occasion, and no action by any of
the Guarantied Parties permitted hereunder shall in way affect or impair any of
the rights of the Guarantied Parties or the obligations of any Guarantor under
this Guaranty or under any of the other Loan Documents, any Guarantied Swap
Contract or any Cash Management Document, except as specifically set forth in
any such waiver.  Any determination by a court of competent
jurisdiction of the amount of any principal and/or interest or other amount
constituting any of the Guarantied Obligations shall be conclusive and binding
on each Guarantor irrespective of whether such Guarantor was a party to the suit
or action in which such determination was made, provided that the Borrower was
so a party.

             

            SECTION
8.  Right of
Set-off.  Upon the occurrence and during the continuance of any
Event of Default under the Credit Agreement, each of the Guarantied Parties is
hereby authorized at any time and from time to time, to the fullest extent
permitted by Applicable Law, to set-off and apply any and all deposits (general
or special (except trust and escrow accounts), time or demand, provisional or
final) at any time held and other Debt at any time owing by such Guarantied
Party to or for the credit or the account of each Guarantor against any and all
of the obligations of such Guarantor now or hereafter existing under this
Guaranty, irrespective of whether or not such Guarantied Party shall have made
any demand under this Guaranty and although such obligations may be contingent
and unmatured; provided, however, such
Guarantied Party shall promptly notify such Guarantor and the Borrower after
such set-off and the application made by such Guarantied Party.  The
rights of each Guarantied Party under this Section 8 are in
addition to other rights and remedies (including, without limitation, other
rights of set-off) which such Guarantied Party may have.

             

            SECTION
9.  Continuing
Guaranty; Transfer of Notes.  This Guaranty (a)(i) is a
continuing guaranty and shall remain in full force and effect until the date
upon which all Guarantied Obligations are finally paid in full, the Commitments
are terminated and all Letters of Credit and Guarantied Swap Contracts have
expired or terminated (the “Release Date”) and
(ii) binding upon each Guarantor, its permitted successors and assigns, and (b)
inures to the benefit of and be enforceable by the Guarantied Parties and their
respective successors, permitted transferees, and permitted
assigns.  Without limiting the generality of the foregoing clause (b),
each of the Guarantied Parties may assign or otherwise transfer any Note held by
it or the Guarantied Obligations owed to it to any other Person, and such other
Person shall thereupon become vested with all the rights in respect thereof
granted to such Guarantied Party herein or otherwise with respect to such of the
Notes and the Guarantied Obligations so transferred or assigned, subject,
however, to compliance with the provisions of Section 10.06 of the
Credit Agreement in respect of assignments.  No Guarantor may assign
any of its obligations under this Guaranty without first obtaining the written
consent of the Lenders as set forth in the Credit Agreement.

             

            Form of Guaranty

             

            
              
                 

              

              
                C-6

                
                  

                

              

              
                 

              

            

            SECTION
10.  Reimbursement.  To
the extent that any Guarantor shall be required hereunder to pay a portion of
the Guarantied Obligations exceeding the greater of (a) the amount of the
economic benefit actually received by such Guarantor from the Loans, the Letters
of Credit, Guarantied Swap Contracts and Cash Management Documents and (b) the
amount such Guarantor would otherwise have paid if such Guarantor had paid the
aggregate amount of the Guarantied Obligations (excluding the amount thereof
repaid by the Borrower) in the same proportion as such Guarantor’s net worth at
the date enforcement is sought hereunder bears to the aggregate net worth of all
the Guarantors at the date enforcement is sought hereunder, then such Guarantor
shall be reimbursed by such other Guarantors for the amount of such excess, pro
rata, based on the respective net worths of such other Guarantors at the date
enforcement hereunder is sought.  Notwithstanding anything to the
contrary, each Guarantor agrees that the Guarantied Obligations may at any time
and from time to time exceed the amount of the liability of such Guarantor
hereunder without impairing its guaranty herein or effecting the rights and
remedies of the Guarantied Parties hereunder.  This Section 10 is
intended only to define the relative rights of the Guarantors, and nothing set
forth in this Section
10 is intended to or shall impair the obligations of the Guarantors,
jointly and severally, to pay to the Guarantied Parties the Guarantied
Obligations as and when the same shall become due and payable in accordance with
the terms hereof.

             

            SECTION
11.  Application
of Payments.  All amounts and
property received by Administrative Agent and Guarantied Parties pursuant to
this Guaranty (including amounts and property received or applied pursuant to
Section 8 or
application of other rights of set-off) shall be applied as provided in Section 8.03 of the
Credit Agreement.

             

            SECTION
12.  Reinstatement.  This
Guaranty shall remain in full force and effect and continue to be effective
should any petition be filed by or against any Loan Party for liquidation or
reorganization, should any Loan Party become insolvent or make an assignment for
the benefit of creditors or should a receiver or trustee be appointed for all or
any significant part of any Loan Party’s assets, and shall, to the fullest
extent permitted by Applicable Law, continue to be effective or be reinstated,
as the case may be, if at any time payment and performance of the Guarantied
Obligations, or any part thereof, is, pursuant to Applicable Law, rescinded or
reduced in amount, or must otherwise be restored or returned by any obligees of
the Guarantied Obligations or such part thereof, whether as a “voidable
preference,” “fraudulent transfer,” or otherwise, all as though such payment or
performance had not been made.  In the event that any payment, or any
part thereof, is rescinded, reduced, restored or returned, the Guarantied
Obligations shall, to the fullest extent permitted by Law, be reinstated and
deemed reduced only by such amount paid and not so rescinded, reduced, restored
or returned.

             

            Form of Guaranty

             

            
              
                 

              

              
                C-7

                
                  

                

              

              
                 

              

            

            SECTION
13.  GOVERNING
LAW.

             

            (a)           THIS
GUARANTY 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.

             

            (b)           EACH
GUARANTOR, THE ADMINISTRATIVE AGENT AND EACH GUARANTIED PARTY IRREVOCABLY AND
UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE
JURISDICTION OF THE COURTS OF THE STATE OF TEXAS SITTING IN DALLAS COUNTY AND OF
THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF TEXAS (DALLAS
DIVISION), AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING
ARISING OUT OF OR RELATING TO THIS GUARANTY OR ANY OTHER LOAN DOCUMENT, OR FOR
RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH GUARANTOR, THE
ADMINISTRATIVE AGENT AND EACH GUARANTIED PARTY IRREVOCABLY AND UNCONDITIONALLY
AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD
AND DETERMINED IN SUCH TEXAS STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, IN SUCH FEDERAL COURT.  EACH GUARANTOR, THE
ADMINISTRATIVE AGENT AND EACH GUARANTIED PARTY  AGREES THAT A FINAL
JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE
ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER
PROVIDED BY LAW.  NOTHING IN THIS GUARANTY OR IN ANY OTHER LOAN
DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT OR ANY OTHER
GUARANTIED PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING
TO THIS GUARANTY OR ANY OTHER LOAN DOCUMENT AGAINST ANY GUARANTOR OR ANY OTHER
LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

             

            (c)           EACH
GUARANTOR, THE ADMINISTRATIVE AGENT AND EACH GUARANTIED PARTY IRREVOCABLY AND
UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION
OR PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTY OR ANY OTHER LOAN
DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (c) OF THIS SECTION. EACH
GUARANTOR, THE ADMINISTRATIVE AGENT AND EACH GUARANTIED PARTY HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN
INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH
COURT.

             

            (d)           EACH
GUARANTOR, THE ADMINISTRATIVE AGENT AND EACH GUARANTIED PARTY WAIVES PERSONAL
SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY
OTHER MEANS PERMITTED BY THE LAW OF THE STATE OF TEXAS.

             

            Form of Guaranty

             

            
              
                 

              

              
                C-8

                
                  

                

              

              
                 

              

            

            SECTION
14.  Waiver of
Right to Trial by Jury.  EACH GUARANTOR, THE ADMINISTRATIVE
AGENT AND EACH GUARANTIED PARTY HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY
JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER THIS GUARANTY
OR ANY OTHER LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL
TO THE DEALINGS OF THE PARTIES HERETO, ANY GUARANTIED PARTY OR ANY OF THEM WITH
RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE
WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR
TORT OR OTHERWISE; AND EACH GUARANTOR, THE ADMINISTRATIVE AGENT AND EACH
GUARANTIED PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION
OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY
PARTY TO THIS GUARANTY AND ANY GUARANTIED PARTY MAY FILE AN ORIGINAL COUNTERPART
OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF
EACH GUARANTOR, THE ADMINISTRATIVE AGENT AND EACH GUARANTIED PARTY TO THE WAIVER
OF THEIR RIGHT TO TRIAL BY JURY.

             

            SECTION
15.  Section
Titles.  The Section titles contained in this Guaranty are and
shall be without substantive meaning or content of any kind whatsoever and are
not to be used in interpretation of this Guaranty.

             

            SECTION
16.  Execution in
Counterparts.  This Guaranty may be executed in any number of
counterparts (and by different parties hereto in separate counterparts), each of
which when so executed and delivered shall be deemed to be an original, all of
which taken together shall constitute one and the same Guaranty.

             

            SECTION
17.  Miscellaneous.  All
references herein to the Borrower or to any Guarantor shall include their
respective successors and assigns, including, without limitation, a receiver,
trustee or debtor-in-possession of or for the Borrower or such
Guarantor.  All references to the singular shall be deemed to include
the plural where the context so requires.

             

            SECTION
18.  Subrogation
and Subordination.

             

            (a)           Subrogation.  Notwithstanding
any reference to subrogation contained herein to the contrary, each Guarantor
hereby irrevocably agrees that until the Release Date that such Guarantor shall
not exercise any claim or other rights which it may have or hereafter acquire
against the Borrower that arise from the existence, payment, performance or
enforcement of such Guarantor’s obligations under this Guaranty, including,
without limitation, any right of subrogation, reimbursement, exoneration,
contribution, indemnification, any right to participate in any claim or remedy
of any Guarantied Party against the Borrower or any collateral which any
Guarantied Party now has or hereafter acquires, whether or not such claim,
remedy or right arises in equity, or under contract, statutes or common law,
including without limitation, the right to take or receive from the Borrower,
directly or indirectly, in cash or other property or by set-off or in any other
manner, payment or security on account of such claim or other
rights.  If any amount shall be paid to any Guarantor in violation of
the preceding sentence and the Guarantied Obligations shall not have been paid
in full, such amount shall be deemed to have been paid to such Guarantor for the
benefit of, and held in trust for the benefit of, the Guarantied Parties, and
shall forthwith be paid to the Administrative Agent to be credited and applied
upon the Guarantied Obligations, whether matured or unmatured, in accordance
with the terms of the Credit Agreement.  Each Guarantor acknowledges
that it will receive direct and indirect benefits from the financing
arrangements contemplated by the Credit Agreement and that the waiver set forth
in this Section
18 is knowingly made in contemplation of such benefits.

             

            Form of Guaranty

             

            
              
                 

              

              
                C-9

                
                  

                

              

              
                 

              

            

            (b)           Subordination.  With
respect to each Guarantor, all debt and other liabilities of the Borrower or any
other Loan Party to such Guarantor (“Loan Party Debt”) are
expressly subordinate and junior to the Guarantied Obligations and any
instruments evidencing the Loan Party Debt to the extent provided
below.

             

            (i)           Until
the Release Date, each Guarantor agrees that it will not request, demand,
accept, or receive (by set-off or other manner) any payment amount, credit or
reduction of all or any part of the amounts owing under the Loan Party Debt or
any security therefor, except as specifically allowed pursuant to clause (ii)
below;

             

            (ii)           Notwithstanding
the provisions of clause (i) above, the Borrower and each other Loan Party may
pay to such Guarantor and such Guarantor may request, demand, accept and receive
and retain from the Borrower or such other Loan Party payments, credits or
reductions of all or any part of the amounts owing under the Loan Party Debt or
any security therefor on the Loan Party Debt, provided that the Borrower’s and
such other Loan Party’s right to pay and such Guarantor’s right to receive any
such amount shall automatically and be immediately suspended and cease (A) upon
the occurrence and during the continuance of an Event of Default or (B) if,
after taking into account the effect of such payment, an Event of Default would
occur and be continuing.  Such Guarantor’s right to receive amounts
under this clause (ii) (including any amounts which theretofore may have been
suspended) shall automatically be reinstated at such time as the Event of
Default which was the basis of such suspension has been cured or waived
(provided that no subsequent Event of Default has occurred) or such earlier
date, if any, as the Administrative Agent gives notice to the Guarantors of
reinstatement by the Required Lenders, in the Required Lenders’ sole
discretion;

             

            (iii)           If
any Guarantor receives any payment on the Loan Party Debt in violation of this
Guaranty, such Guarantor will hold such payment in trust for the Guarantied
Parties and will immediately deliver such payment to the Administrative Agent;
and

             

            (iv)           In
the event of the commencement or joinder of any suit, action or proceeding of
any type (judicial or otherwise) or proceeding under any Debtor Relief Law
against the Borrower or any other Loan Party (an “Insolvency
Proceeding”) and subject to court orders issued pursuant to the
applicable Debtor Relief Law, the Guarantied Obligations shall first be paid,
discharged and performed in full before any payment or performance is made upon
the Loan Party Debt notwithstanding any other provisions which may be made in
such Insolvency Proceeding.  In the event of any Insolvency
Proceeding, each Guarantor will at any time prior to the Release Date (A) file,
at the request of any Guarantied Party, any claim, proof of claim or similar
instrument necessary to enforce the Borrower’s or such other Loan Party’s
obligation to pay the Loan Party Debt, and (B) hold in trust for and pay to the
Administrative Agent, for the benefit of Guarantied Parties, any and all monies,
obligations, property, stock dividends or other assets received in any such
proceeding on account of the Loan Party Debt in order that the Guarantied
Parties may apply such monies or the cash proceeds of such other assets to the
Guarantied Obligations.

             

            Form of Guaranty

             

            
              
                 

              

              
                C-10

                
                  

                

              

              
                 

              

            

            SECTION
19.  Guarantor
Insolvency.  Should any Guarantor voluntarily seek, consent to,
or acquiesce in the benefits of any Debtor Relief Law or become a party to or be
made the subject of any proceeding provided for by any Debtor Relief Law (other
than as a creditor or claimant) that could suspend or otherwise adversely affect
the rights of any Guarantied Party granted hereunder, then, the obligations of
such Guarantor under this Guaranty shall be, as between such Guarantor and such
Guarantied Party, a fully-matured, due, and payable obligation of such Guarantor
to such Guarantied Party (without regard to whether there is an Event of Default
under the Credit Agreement or whether any part of the Guarantied Obligations is
then due and owing by the Borrower to such Guarantied Party), payable in full by
such Guarantor to the Administrative Agent, for the benefit of such Guarantied
Party, upon demand, which shall be the estimated amount owing in respect of the
contingent claim created hereunder.

             

            SECTION
20.  Rate
Provision.  It is not the intention of any Guarantied Party to
make an agreement violative of the Laws of any applicable jurisdiction relating
to usury.  Regardless of any provision in this Guaranty, no Guarantied
Party shall ever be entitled to contract, charge, receive, collect or apply, as
interest on the Guarantied Obligations, any amount in excess of the Highest
Lawful Rate.  In no event shall any Guarantor be obligated to pay any
amount in excess of the Highest Lawful Rate.  If from any circumstance
the Administrative Agent or any Guarantied Party shall ever receive, collect or
apply anything of value deemed excess interest under Applicable Law, an amount
equal to such excess shall be applied first to the reduction of the principal
amount of outstanding Revolving Loans, Term Loans, Swing Line Loans, L/C
Borrowings, second to the reduction of principal of any other Guarantied
Obligations, and third any remainder shall be promptly refunded to the
payor.  In determining whether or not interest paid or payable with
respect to the Guarantied Obligations, under any specified contingency, exceeds
the Highest Lawful Rate, the Guarantors and the Guarantied Parties shall, to the
maximum extent permitted by Applicable Law, (a) characterize any non-principal
payment as an expense, fee or premium rather than as interest, (b) amortize,
prorate, allocate and spread the total amount of interest throughout the full
term of such Guarantied Obligations so that the interest paid on account of such
Guarantied Obligations does not exceed the Highest Lawful Rate and/or (c)
allocate interest between portions of such Guarantied Obligations; provided,
that if the Guarantied Obligations are paid and performed in full prior to the
end of the full contemplated term thereof, and if the interest received for the
actual period of existence thereof exceeds the Highest Lawful Rate, the
Guarantied Parties shall refund to the payor the amount of such excess or credit
the amount of such excess against the total principal amount owing, and, in such
event, no Guarantied Party shall be subject to any penalties provided by any
laws for contracting for, charging or receiving interest in excess of the
Highest Lawful Rate.

             

            SECTION
21.  Severability.  Any
provision of this Guaranty which is for any reason prohibited or found or held
invalid or unenforceable by any court or Governmental Authority shall be
ineffective to the extent of such prohibition or invalidity or unenforceability,
without invalidating the remaining provisions hereof in such jurisdiction or
affecting the validity or enforceability of such provision in any other
jurisdiction.

             

            Form of Guaranty

             

            
              
                 

              

              
                C-11

                
                  

                

              

              
                 

              

            

            SECTION
22.  Additional
Guarantors.  Upon the execution and delivery by any other
Person of a Guaranty Supplement in substantially the form of Exhibit A (each, a
“Guaranty
Supplement”), such Person shall become a “Guarantor” hereunder with the
same force and effect as if originally named as a Guarantor
herein.  The execution and delivery of any Guaranty Supplement shall
not require the consent of any other Guarantor.  The rights and
obligations of each Guarantor hereunder shall remain in full force and effect
notwithstanding the addition of any new Guarantor as a party to this
Guaranty.

             

            SECTION
23.  ENTIRE
AGREEMENT.  THIS GUARANTY AND THE OTHER LOAN DOCUMENTS
REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES REGARDING THE SUBJECT MATTER
HEREIN 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.

             

            SECTION
24.  Conflicts.  If
in the event of a conflict between the terms and conditions of this Guaranty and
the terms and conditions of the Credit Agreement, the terms and conditions of
the Credit Agreement shall control.

             

            SECTION
25.  Taxes.

             

            (a)           Except
as provided below in this Section 25, any and
all payments by each Guarantor to or for the account of the Administrative Agent
or any Lender under this Guaranty, any other Loan Document or any Guarantied
Swap Contract shall be made free and clear of and without deduction for any and
all present or future taxes, duties, levies, imposts, deductions, assessments,
fees, withholdings or similar charges, now or thereafter imposed, and all
liabilities with respect thereto, excluding, in the case of any Guarantied
Party, or its applicable lending office, or any branch or affiliate thereof,
taxes imposed on or measured by its net income (including net income taxes
imposed by means of a backup withholding tax) franchise taxes, branch taxes,
taxes on doing business or taxes measured by or imposed upon the overall capital
or net worth of any Guarantied Party or its applicable lending office, or any
branch or affiliate thereof, in each case imposed:  (i) by the
jurisdiction under the laws of which the Administrative Agent, or such Lender,
applicable lending office, branch or affiliate is organized or is located, or in
which the principal executive office of any Guarantied Party is located, or any
nation within which such jurisdiction is located or any political subdivision
thereof; or (ii) by reason of any present or former connection between the
jurisdiction imposing such tax and such Guarantied Party, applicable lending
office, branch or affiliate other than a connection arising solely from such
Guarantied Party having executed, delivered or performed its obligation under,
or received payment under or enforced this Agreement (all such non-excluded
taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or
similar charges, and liabilities being hereinafter referred to as “Taxes”).  If
any Guarantor shall be required by any Laws to deduct any Taxes from or in
respect of any sum payable under this Guaranty, any other Loan Document or any
Guarantied Swap Contract to any Guarantied Party, (iii) the sum payable shall be
increased as necessary to yield to such Guarantied Party an amount equal to the
sum it would have received had no such deductions been made, (iv) such Guarantor
shall make such deductions, (v) such Guarantor shall pay the full amount
deducted to the relevant taxation authority or other authority in accordance
with applicable Laws, and (vi) within 30 days after the date of such payment,
such Guarantor shall furnish to the Administrative Agent (which shall forward
the same to such Guarantied Party) the original or a certified copy of a receipt
evidencing payment thereof; provided, however, that such
Guarantor shall be entitled to deduct and withhold any Taxes and shall not be
required to increase any such amounts payable to any Guarantied Party with
respect to Taxes (vii) that are directly attributable to such Guarantied Party’s
failure to comply with the requirements of Section 3.06(a) of
the Credit Agreement or (viii) that are U.S. withholding taxes imposed on
amounts payable to such Lender at the time such Guarantied Party becomes a party
to the Credit Agreement.

             

            Form of Guaranty

             

            
              
                 

              

              
                C-12

                
                  

                

              

              
                 

              

            

            (b)           In
addition, each Guarantor agrees to pay any and all present or future stamp,
court or documentary taxes and any other excise or property taxes or charges or
similar levies which arise from any payment made under this Guaranty, any other
Loan Document or any Guarantied Swap Contract or from the execution, delivery,
performance, enforcement or registration of, or otherwise with respect to, this
Guaranty, any other Loan Document or any Guarantied Swap Contract, except that
no Guarantor shall be obligated to pay any such taxes, charges or similar levies
that are incurred or payable by any Person in connection with any assignment
referred to in Section
10.06(b) of the Credit Agreement, any participation referred to in Section 10.06(d) of
the Credit Agreement or any pledge or security interest referred to in Section 10.06(f) of
the Credit Agreement (such taxes, charges and similar levies with respect to
which the Guarantors are obligated to pay are hereinafter referred to as “Other
Taxes”).

             

            (c)           If
any Guarantor shall be required to pay any Taxes or Other Taxes from or in
respect of any sum payable under this Guaranty, any other Loan Document or any
Guarantied Swap Contract to any Guarantied Party, such Guarantor shall also pay
to the Administrative Agent (for the account of such Guarantied Party) or to
such Guarantied Party, but without duplication in respect of such amounts
payable hereunder, at the time interest on the Guarantied Obligations is paid,
such additional amount that such Guarantied Party specifies as necessary to
preserve the after-tax yield (after factoring in all taxes, including taxes
imposed on or measured by net income) such Guarantied Party would have received
if such Taxes or Other Taxes had not been imposed.

             

            (d)           Each
Guarantor agrees to indemnify each Guarantied Party for (i) the full amount of
Taxes and Other Taxes incurred by or on account of any obligation of such
Guarantor hereunder (including any Taxes or Other Taxes imposed or asserted by
any jurisdiction on amounts payable under this Section) that are paid by such
Guarantied Party, (ii) amounts payable under Section 25(c) and
(iii) any liability (including penalties, interest and expenses) arising
therefrom or with respect thereto, in each case whether or not such Taxes or
Other Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority.  Payment under this subsection (d) shall be
made within 30 days after the date the Guarantied Party makes a demand
therefor.

             

            (e)           Any
Guarantied Party claiming any additional amounts payable pursuant to this Section 25 shall use
its reasonable best efforts (consistent with its internal policy and legal and
regulatory restrictions) to change the jurisdiction of its lending office, if
the making of such a change would avoid the need for, or reduce the amount of,
any such additional amounts which may thereafter accrue and would not, in the
reasonable judgment of such Guarantied Party, be disadvantageous to such
Guarantied Party.

             

            Form of Guaranty

             

            
              
                 

              

              
                C-13

                
                  

                

              

              
                 

              

            

            (f)           Each
Guarantied Party agrees that (i) it will take all reasonable actions by all
usual means to maintain all exemptions, if any, available to it from United
States withholding taxes (whether available by treaty, existing administrative
waiver, by virtue of the location of any Guarantied Party’s lending office) and
(ii) otherwise cooperate with the Borrower to minimize amounts payable by each
Guarantor under this Section 25; provided, however, the
Guarantied Parties shall not be obligated by reason of this Section 25(f) to
contest the payment of any Taxes or Other Taxes or to disclose any information
regarding its tax affairs or tax computations or reorder its tax or other
affairs or tax or other planning.  Subject to the foregoing, to the
extent any Guarantor pays sums pursuant to this Section 25 Guarantied
Party receives a refund of any or all of such sums, such refund shall be
promptly paid to such Guarantor, provided that no Default is in existence at
such time.  Notwithstanding anything in this Section 24 to the
contrary, the demand by any Guarantied Party for the payment of Taxes or Other
Taxes under this Section 25 shall not
include any Taxes or Other Taxes that occurred 180 days prior to the date that
such Guarantied Party notifies the Borrower of such Taxes or Other Taxes no
later than 180 days after the date that such Guarantied Party had actual
knowledge of such Taxes or Other Taxes, except to the extent that any such Taxes
or Other Taxes are retroactive according to the terms of the applicable
provisions related thereto.

             

            (g)           The
obligations of each Guarantor and each Lender or Participant under this Section 25 shall
survive the termination of this Agreement and the payment of the Loans and all
other amounts payable hereunder and under the other Loan Documents.

             

            
              	
                      THE
      REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT
  BLANK

                    

            

             

            Form of Guaranty

             

            
              
                 

              

              
                C-14

                
                  

                

              

              
                 

              

            

          

        

      

    

     

    
       

      IN
WITNESS WHEREOF, each Guarantor has caused this Guaranty to be duly executed and
delivered by its duly authorized officer on the date first above
written.

       

      
        
          
            
              	
                      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

                    
	
                      TEXAS
      INDUSTRIES HOLDINGS, LLC

                    
	
                      TEXAS
      INDUSTRIES TRUST

                    
	
                      TXI
      LLC

                    
	
                      TXI
      OPERATING TRUST

                    
	 
      	 
      
	
                      By:

                    	 
      
	 
      	
                      Kenneth
      R. Allen

                    
	 
      	
                      Vice
      President and
Treasurer

                    

            

          

        

      

       

      Form of
Guaranty

       

      
        
          
          

        

        
          C-15

          
            

          

        

        
          
          

        

      

      

      
        
          
            	
                    RIVERSIDE
      CEMENT COMPANY

                  
	 
      	 
      
	
                    By:

                  	 
      
	 
      	
                    Kenneth
      R. Allen

                    Assistant
      General Manager -
Treasurer

                  

          

        

      

       

      Form of Guaranty

       

      
        
          
          

        

        
          C-16

          
            

          

        

        
          
          

        

      

       

      
        
          
            	
                    TXI
      OPERATIONS, LP

                  
	 
      	 
      
	
                    By:

                  	
                    TXI
      Operating Trust, its general partner

                  
	 
      	 
      
	
                    By:

                  	 
      
	 
      	
                    Kenneth
      R. Allen

                  
	 
      	
                    Vice
      President and Treasurer

                  

          

        

      

       

      NOTICE
ADDRESS FOR ALL GUARANTORS:

       

      1341
West Mockingbird Lane

      Dallas,
Texas 75247

      Phone
No.:        (972) 647-6730

      Fax
No.:            (972)
647-3964

      Attention:    
     Kenneth R. Allen

       

      Form of Guaranty

       

      
        
          
          

        

        
          C-17

          
            

          

        

        
          
          

        

      

      EXHIBIT
A TO GUARANTY

       

      GUARANTY
SUPPLEMENT NO. ___

       

      THIS
GUARANTY SUPPLEMENT NO. ___ (this “Guaranty Supplement”)
dated as of ___________________, to the Guaranty dated as of August 15, 2007
(such agreement, together with all amendments and restatements and guaranty
supplements, the “Guaranty”)6, among the initial signatories thereto and each other
Person who from time to time thereafter became a party thereto pursuant to Section 22 thereof
(each, individually, a “Guarantor” and,
collectively, the “Guarantors”), in
favor of Administrative Agent for the benefit of Guarantied
Parties.

       

      BACKGROUND.

       

      Capitalized
terms not otherwise defined herein have the meaning specified in the
Guaranty.  The Guaranty provides that additional parties may become
Guarantors under the Guaranty by execution and delivery of this form of Guaranty
Supplement.  Pursuant to the provisions of Section 22 of the
Guaranty, the undersigned is becoming an Additional Guarantor under the
Guaranty.  The undersigned desires to become a Guarantor under the
Guaranty in order to induce Guarantied Parties to continue to make credit
extensions and accommodations under the Loan Documents, Guarantied Swap
Contracts and Cash Management Documents.

       

      AGREEMENT.

       

      NOW,
THEREFORE, in consideration of the premises and to induce the Lenders to make
Revolving Loans, the Swing Line Lender to make Swing Line Loans and the L/C
Issuer to issue Letters of Credit and Guarantied Parties to make financial
accommodations under Swap Contracts and Cash Management Documents, the
undersigned hereby agrees as follows:

       

      SECTION
1.     In accordance with the Guaranty, the undersigned
hereby becomes a Guarantor under the Guaranty with the same force and effect as
if it were an original signatory thereto as a Guarantor and the undersigned
hereby (a) agrees to all the terms and provisions of the Guaranty applicable to
it as a Guarantor thereunder and (b) represents and warrants that the
representations and warranties made by it as a Guarantor thereunder are true and
correct on and as of the date hereof.  Each reference to a “Guarantor”
or an “Additional Guarantor” in the Guaranty shall be deemed to include the
undersigned.

       

      SECTION
2.     Except as expressly supplemented hereby, the Guaranty
shall remain in full force and effect in accordance with its terms.

       

      SECTION
3.  THIS GUARANTY SUPPLEMENT AND THE GUARANTY 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; PROVIDED, THAT
ADMINISTRATIVE AGENT AND EACH OTHER GUARANTIED PARTY SHALL RETAIN ALL RIGHTS
ARISING UNDER FEDERAL LAW.

      
         

        
          

        
 6 If
desired, this paragraph may contain an additional reference to the "Credit
Agreement" as it has been amended and restated prior to the date of the guaranty
Supplement.

       

      Form of Guaranty

       

      
        
          
          

        

        
          C-18

          
            

          

        

        
          
          

        

      

       

      SECTION
4.     This Guaranty Supplement hereby incorporates by
reference the provisions of the Guaranty, which provisions are deemed to be a
part hereof, and this Guaranty Supplement shall be deemed to be a part of the
Guaranty.

       

      SECTION
5.     This Guaranty Supplement may be executed by the
parties hereto in several counterparts, each of which shall be deemed to be an
original and all of which shall constitute together but one and the same
agreement.

       

      
        
          	
                  REMAINDER
      OF PAGE LEFT INTENTIONALLY
BLANK

                

        

      

       

      
        Form of Guaranty

         

        
          
            
            

          

          
            C-19

            
              

            

          

          
            
            

          

        

      

      EXECUTED
as of the date above first written.

       

      
        
          
            	
                    [ADDITIONAL
      GUARANTOR]

                  
	 
      
	
                    By:

                  	 
      

          

        

      

      
        
          
            
              
                	
                        Print Name:

                      	 
      

              

            

          

        

      

      
        
          
            	
                    Print Title:

                  	 
      

          

        

      

       

      ACCEPTED
BY:

       

      BANK OF
AMERICA, N.A.,

      as
Administrative Agent

      
         

        
          
            
              
                
                  
                    
                      	
                              By:

                            	 
      

                    

                  

                

              

            

          

        

        
          
            
              
                
                  
                    
                      	
                              Print Name:

                            	 
      

                    

                  

                

              

            

          

        

        
          
            
              
                
                  	
                          Print Title:

                        	 
      

                

                 

              

            

          

        

      

      Form of Guaranty

       

      
        
          
          

        

        
          C-20

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
D

       

      OPINION
MATTERS

       

      The
matters contained in the following Sections of the Credit Agreement should be
covered by the legal opinion:

       

      
        	
                 
      

              	
                •

              	
                Section
      5.01(a), (b) and (c)

              

      

       

      
        	
                 
      

              	
                •

              	
                Section
      5.02

              

      

       

      
        	
                 
      

              	
                •

              	
                Section
      5.03

              

      

       

      
        	
                 
      

              	
                •

              	
                Section
      5.04

              

      

       

      
        	
                 
      

              	
                •

              	
                Section
      5.06

              

      

       

      
        	
                 
      

              	
                •

              	
                Section
      5.14(b)

              

      

       

      Opinion
Matters

       

      
        
          
          

        

        
          D-1

          
            

          

        

        
          
          

        

      

      EXHIBIT
E

       

      FORM
OF REVOLVING LOAN NOTE

       

      
        
          
            	
                    $_______________

                  	
                     _______________,
      _____

                  

          

        

      

       

      FOR VALUE
RECEIVED, Texas Industries, Inc., a Delaware corporation (the “Borrower”), hereby
promises to pay to the order of ___________________________ (the “Lender”), on the
Maturity Date (as defined in the Second Amended and Restated Credit Agreement
referred to below) the principal amount of __________________ Dollars ($____________), or such lesser
principal amount of Revolving Loans (as defined in such Credit Agreement) due
and payable by the Borrower to the Lender on the Maturity Date under that
certain Second Amended and Restated Credit Agreement, dated as of June 19, 2009
(as amended, restated, extended, supplemented or otherwise modified in writing
from time to time, the “Agreement;” the terms
defined therein being used herein as therein defined), among the Borrower, the
Lenders from time to time party thereto, and Bank of America, N.A., as
Administrative Agent, L/C Issuer and Swing Line Lender.

       

      The
Borrower promises to pay interest on the unpaid principal amount of each
Revolving Loan from the date of such Revolving Loan until such principal amount
is paid in full, at such interest rates, and at such times as are specified in
the Agreement.  All payments of principal of and interest on this Note
shall be made to the Administrative Agent for the account of the Lender in
Dollars in immediately available funds at the Administrative Agent’s
Office.  If any amount is not paid in full when due hereunder, such
unpaid amount shall bear interest, to be paid upon demand, from the due date
thereof until the date of actual payment (and before as well as after judgment)
computed at the per annum rate set forth in the Agreement.

       

      This Note
is one of the Revolving Loan Notes referred to in the Agreement, is entitled to
the benefits thereof and is subject to optional and mandatory prepayment in
whole or in part as provided therein.  This Note is also entitled to
the benefits of the Guaranty.  Upon the occurrence of one or more of
the Events of Default specified in the Agreement, all amounts then remaining
unpaid on this Note shall become, or may be declared to be, immediately due and
payable all as provided in the Agreement.  Revolving Loans made by the
Lender shall be evidenced by one or more loan accounts or records maintained by
the Lender in the ordinary course of business.  The Lender may also
attach schedules to this Note and endorse thereon the date, amount, Type and
maturity of its Revolving Loans and payments with respect thereto.

       

      The
Borrower, for itself, its successors and assigns, hereby waives diligence,
presentment, protest and demand and, except for notices for which provision is
expressly made in the Loan Documents, notice of protest, demand, intent to
accelerate, acceleration, dishonor and non-payment of this Note.

      

      Form of
Revolving Loan Note

       

      
        
          
          

        

        
          E-1

          
            

          

        

        
          
          

        

      

      

       THIS NOTE
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
TEXAS.

       

      
        
          
            
              
                	
                        TEXAS INDUSTRIES,
      INC.

                      
	 
      	 
      
	
                        By:

                      	 
      
	
                        Name:

                      	 
      
	
                        Title:

                      	 
      

              

            

          

        

      

      

      
        Form of
Revolving Loan Note

         

        
          
            
            

          

          
            E-2

            
              

            

          

          
            
            

          

        

      

    

     

    
      REVOLVING
LOANS AND PAYMENTS WITH RESPECT THERETO

      

      
        
          
            
              
                
                  	
                          Date

                        	 
      	
                          Type of Loan

                          Made

                        	 
      	
                          Amount of

                          Loan Made

                        	 
      	
                          End of Interest

                          Period

                        	 
      	
                          Amount of

                          Principal or

                          Interest Paid

                          This Date

                        	 
      	
                          Outstanding

                          Principal

                          Balance This

                          Date

                        	 
      	
                          Notation Made

                          By

                        
	 
      	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        
	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        
	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        
	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        
	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        
	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        
	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        
	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        
	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        
	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        
	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        
	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        
	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        
	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        
	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        
	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        	 
      	
                             

                        
	
                             

                        	
                            

                        	
                             

                        	
                            

                        	
                             

                        	
                            

                        	
                             

                        	
                            

                        	
                             

                        	
                            

                        	
                             

                        	
                            

                        	
                             

                        

                

              

            

          

        

      

       

      
        Form of
Revolving Loan Note

      

      
        
           

        

        
          E-3

          
            

          

        

        
           

        

      

      EXHIBIT F

       

      FORM
OF REVOLVING LOAN NOTICE

       

      Date:  ___________,
_____

       

      To:           Bank
of America, N.A., as Administrative Agent

       

      Ladies
and Gentlemen:

       

      Reference is made to that certain Second
Amended and Restated Credit Agreement, dated as of June 19, 2009 (as amended,
restated, extended, supplemented or otherwise modified in writing from time to
time, the “Agreement;” the terms defined therein being used
herein as therein defined), among Texas Industries, Inc., a Delaware corporation
(the “Borrower”), the Lenders from time to time party
thereto, and Bank of America, N.A., as Administrative Agent, L/C Issuer and
Swing Line Lender.

       

      The undersigned hereby requests (select
one):

       

      
        	
                 ̈A Borrowing of
      Revolving Loans

              	
                 ̈A conversion or
      continuation of Revolving Loans

              

      

       

      1.           On ____________________ (a Business Day).

       

      2.           In the amount of $_______________.

       

      3.           Comprised of ______________________________

      [Type of Revolving Loan requested]

       

      4.           For Eurodollar Rate Loans:  with an Interest Period of _______________ months.

       

      The Revolving Borrowing, if any,
requested herein complies with the provisos to the first sentence of
Section
2.01 of the
Agreement.

       

      
        
          
            
              
                
                  
                    	
                            TEXAS
      INDUSTRIES, INC.

                          
	 
      	 
      
	
                            By:

                          	 
      
	
                            Name:

                          	 
      
	
                            Title:

                          	 
      

                  

                

              

            

          

        

      

       

      Form of
Revolving Loan Notice

      
        
           

        

        
          F-1

          
            

          

        

        
           

        

      

      EXHIBIT G

       

      FORM
OF SWING LINE LOAN NOTICE

       

      Date:  ___________,
_____

       

      
        	
                To:

              	
                Bank
      of America, N.A., as Swing Line
Lender

              

      

      
        	
                 
      

              	
                Bank
      of America, N.A., as Administrative
Agent

              

      

       

      Ladies
and Gentlemen:

       

      Reference is made to that certain Second
Amended and Restated Credit Agreement, dated as of June 19, 2009 (as amended,
restated, extended, supplemented or otherwise modified in writing from time to
time, the “Agreement;” the terms defined therein being used
herein as therein defined), among Texas Industries, Inc., a Delaware corporation
(the “Borrower”), the Lenders from time to time party
thereto, and Bank of America, N.A., as Administrative Agent, L/C Issuer and
Swing Line Lender.

       

      The undersigned hereby requests a Swing
Line Loan:

       

      1.           On ____________________ (a Business Day).

       

      2.           In the amount of $_______________.

       

      The Swing Line Borrowing requested
herein complies with the requirements of the provisos to the first sentence of
Section
2.04(a) of the
Agreement.

       

      
        
          
            
              
                
                  
                    	
                            TEXAS
      INDUSTRIES, INC.

                          
	 
      	 
      
	
                            By:

                          	 
      
	
                            Name:

                          	 
      
	
                            Title:

                          	 
      

                  

                

              

            

          

        

      

       

      Form of
Swing Line Loan Notice

      
        
           

        

        
          G-1

          
            

          

        

        
           

        

      

      EXHIBIT H

       

      FORM
OF SWING LINE NOTE

       

      
        
          	
                  $15,000,000

                	
                  _______________,
      2009

                

        

      

       

      FOR VALUE RECEIVED, TEXAS INDUSTRIES,
INC., a Delaware corporation (the “Borrower”), hereby promises to pay to the order
of BANK OF AMERICA, N.A. (“Swing Line
Lender”), on the date when
due in accordance with the Second Amended and Restated Credit Agreement referred
to below, the aggregate unpaid principal amount of each Swing Line Loan from
time to time made by the Swing Line Lender to the Borrower under that certain
Second Amended and Restated Credit Agreement, dated as of June 19, 2009 (as
amended, restated extended, supplemented or otherwise modified in writing from
time to time, the “Agreement;” the terms defined therein being used
herein as therein defined), among the Borrower, the Lenders from time to time
party thereto, and Bank of America, N.A., as Administrative Agent, L/C Issuer
and Swing Line Lender.

       

      The Borrower promises to pay interest on
the unpaid principal amount of each Swing Line Loan from the date of such Swing
Line Loan until such principal amount is paid in full, at such interest rates
and at such times as provided in the Agreement.

       

      All payments of principal of and
interest on this Note shall be made to the Swing Line Lender in Dollars in
immediately available funds at its Lending Office.

       

      If any amount is not paid in full when
due hereunder, such unpaid amount shall bear interest, to be paid upon demand,
from the due date thereof until the date of actual payment (and before as well
as after judgment) computed at the per annum rate set forth in the
Agreement.

       

      This Note is the Swing Line Note
referred to in the Agreement, is entitled to the benefits thereof and is subject
to optional and mandatory prepayment in whole or in part as provided
therein.  This Note is also entitled to the benefits of the
Guaranty.  Upon the occurrence of one or more of the Events of Default
specified in the Agreement, all amounts then remaining unpaid on this Note shall
become, or may be declared to be, immediately due and payable all as provided in
the Agreement.  Swing Line Loans made by the Swing Line Lender shall
be evidenced by one or more loan accounts or records maintained by Swing Line
Lender in the ordinary course of business.  The Swing Line Lender may
also attach schedules to this Note and endorse thereon the date, amount and
maturity of the Swing Line Loans and payments with respect
thereto.

       

      The Borrower, for itself, its successors
and assigns, hereby waives diligence, presentment, protest and demand, and
except for notices for which provision is expressly made in the Loan Documents,
notice of protest, demand, intent to accelerate, acceleration, dishonor and
non-payment of this Note.

       

      Form of
Swing Line Note

      
        
           

        

        
          H-1

          
            

          

        

        
           

        

      

      THIS NOTE SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS.

       

      
        
          
            
              
                
                  
                    	
                            TEXAS
      INDUSTRIES, INC.

                          
	 
      	 
      
	
                            By:

                          	 
      
	
                            Name:

                          	 
      
	
                            Title:

                          	 
      

                  

                

              

            

          

        

      

      

      Form of
Swing Line Note

      
        
           

        

        
          H-2

          
            

          

        

        
           

        

      

      SWING
LINE LOANS AND PAYMENTS WITH RESPECT THERETO

      

      
        
          
            	
                    Date

                  	 
      	
                    Amount of Loan Made

                  	 
      	
                    Amount of Principal

                    or Interest Paid This

                    Date

                  	 
      	
                    Outstanding Principal

                    Balance This Date

                  	 
      	
                    Notation Made By

                  
	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  
	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  
	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  
	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  
	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  
	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  
	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  
	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  
	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  
	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  
	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  
	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  
	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  
	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  
	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  
	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  
	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  	 
      	
                       

                  
	
                       

                  	
                      

                  	
                       

                  	
                      

                  	
                       

                  	
                      

                  	
                       

                  	
                      

                  	
                       

                  

          

        

      

       

      Form of
Swing Line Note

      
        
           

        

        
          H-3

          
            

          

        

        
           

        

      

      EXHIBIT I

       

      BORROWING
BASE CERTIFICATE

       

      BANK OF AMERICA

       

      BORROWING BASE
CERTIFICATE

      

      Client: TEXAS INDUSTRIES,
INC.

      Certificate Number:

      Dates Covered:

       

      
        
          
            
              
                
                  
                    	
                            Total Accounts
      Receivable

                          	 	 	 
	
                            Ineligible Accounts
      Receivable

                          	 	 	 
	
                            Eligible Accounts
      Receivable

                          	 	 	 
	
                            Advance
Rate

                          	 	 	85	%
	
                            Accounts Formula
      Amount

                          	 	 	 	 
	 
      	 	 	 	 
	
                            Total
    Inventory

                          	 	 	 	 
	
                            Ineligible
      Inventory

                          	 	 	 	 
	
                            Eligible
      Inventory

                          	 	 	 	 
	
                            Advance Rate (lesser of 65% of the
      Value of Eligible Inventory or 85% of the NOLV Percentage of the Value of
      Eligible Inventory)

                          	 	 	 	 
	
                            Inventory Formula
      Amount

                          	 	 	 	 
	 
      	 	 	 	 
	
                            Total Rolling
      Stock

                          	 	 	 	 
	
                            Ineligible Rolling
      Stock

                          	 	 	 	 
	
                            Eligible Rolling
      Stock

                          	 	 	 	 
	
                            Advance
Rate

                          	 	 	85	%
	
                            Rolling Stock Formula Amount (not
      to exceed $30,000,000)

                          	 	 	 	 
	 
      	 	 	 	 
	
                            Gross Borrowing
      Base

                          	 	 	 	 
	 
      	 	 	 	 
	
                            Inventory
      Reserve

                          	 	 	 	 
	
                            Rent and Charges Reserve (Past Due
      Amounts Owed to Landlord / Processor)

                          	 	 	 	 
	
                            Rent and Charges Reserve (3
      Months' Rent on Leased Locations w/out Lien Waiver)

                          	 	 	 	 
	
                            Bank Product
      Reserve

                          	 	 	 	 
	
                            Tax Reserve

                          	 	 	 	 
	
                            Royalty
    Reserve

                          	 	 	 	 
	
                            Dilution Reserve (> 5% Dilution
      on TTM Basis)

                          	 	 	 	 
	
                            Rolling Stock
      Reserve

                          	 	 	 	 
	
                            Additional
      Availability Reserves

                          	 	 	 	 
	
                            Total Availability
      Reserve

                          	 	 	 	 
	 
      	 	 	 	 
	
                            Net
      Borrowing Base (Maximum of $200,000,000)

                          	 	 	 	 

                  

                

              

            

          

        

      

      
         

        Borrowing
Base Certificate

      

      
        
          
          

        

        
          I-1

          
            

          

        

        
          
          

        

      

      
 

      The foregoing information is delivered
to Bank of America, N.A. in accordance with a Second Amended and Restated
Credit Agreement between
Texas Industries, Inc., certain financial institutions and Bank of America,
N.A.dated June 19,
2009.  In my capacity as the __________________ of Texas Industries, Inc.
(and not in my individual capacity), I hereby certify that the
information contained herein is true and correct as of the dates shown herein.
Nothing contained herein
shall constitute a waiver, modification or limitation in any of the terms or
conditions set forth in the referenced Second
Amended and Restated Credit Agreement.

      

      
        
          
            
              
                
                  	
                          Prepared
      by:_____________________________________

                        	 
      
	
                          Title:___________________________________________

                        	 
      
	
                          Date:___________________________________________

                        	 
      

                

              

            

          

        

      

       

      Borrowing
Base Certificate

      
        
           

        

        
          I-2

          
            

          

        

        
           

        

      

      EXHIBIT J

       

      SECURITY
AGREEMENT

       

      Security
Agreement

      
        
           

        

        
          J-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}]]