Document:

Exhibit 10 (d), Form 10-K
Kansas City Life
Insurance Company

                                                  SECOND AMENDMENT

                                                  KANSAS CITY LIFE
                                                 EXCESS BENEFIT PLAN

                                                      ARTICLE I
                                                     Definitions

1.01 "Act"  shall  mean the  Employee  Retirement  Income  Security  Act of 1974
(ERISA), as from time to time amended.

1.02  "Pension  Plan" shall mean the Kansas  City Life  Insurance  Company  Cash
Balance  Pension Plan, as amended from time to time.

1.03 "Code" shall mean the Internal  Revenue Code of 1986,  as amended from time
to time.

1.04  "Company"  shall mean  Kansas City Life  Insurance  Company and any of its
subsidiaries or affiliated business entities parti-cipating in the Pension Plan.

1.05 "Effective date" shall mean January 1, 1999.

1.06 "Maximum  benefit" shall mean the maximum benefit permitted by Sections 415
and  401(a)(17) of the Code to be paid a participant  of a defined  benefit plan
qualified under Sections 401(a) and 501(a).

1.07  "Participant"  shall mean any  employee  of the  Company  who is an active
participant in the Pension Plan on or after the effective date and whose pension
benefits determined on the basis of the provisions of such Pension Plan, without
regard to the limitations of the Code,  would exceed the maximum benefit limited
under Sections 415 and 401(a)(17) of the Code.

1.08 "Plan" shall mean the Kansas City Life Excess Benefit Plan, as from time to
time  amended or  restated,  which shall be an  unfunded  plan as defined in Act
Section 3(36) and Department of Labor Regulation 2520.104-23.

1.09  "Unrestricted  benefit" shall mean the maximum normal,  early, or deferred
vested retirement  benefit,  payable pursuant to provisions of the Pension Plan,
whichever is applicable,  determined  without  regard to the  limitations of the
Code imposed under Sections 415 and 401(a)(17).

                                                     ARTICLE II
                                                      Benefits

2.01  Normal  retirement  benefit:  Upon the  retirement  of a  participant,  as
provided under the Pension Plan, such participant shall be entitled to a benefit
equal in amount to his unrestricted benefit less the maximum benefit.

2.02 Deferred vested retirement benefit: If a participant  terminates employment
with the  Company  and is  entitled  to a  deferred  vested  retirement  benefit
provided  under the  Pension  Plan,  such a  participant  shall be entitled to a
benefit equal to his unrestricted benefit less the maximum benefit.

2.03 Spouse's pension benefit:  Subject to Section 2.04 below, upon the death of
a participant whose spouse is eligible for a pre- or  post-retirement  surviving
spouse benefit under the Pension Plan, the participant's  surviving spouse shall
be entitled to a benefit equal to the  surviving  spouse  benefit  determined in
accordance  with the  provisions  of the  Pension  Plan  without  regard  to the
limitation under Code Sections 415 and 401(a)(17) less the maximum benefit.

2.04 Optional forms of benefit payment:  A retirement benefit payable under this
ARTICLE  II  shall  be paid in a form and at a time  available  pursuant  to the
provisions  of the Pension  Plan.  The  election of the form of payment  must be
filed with the  Adminis-trative  Committee  at least six (6) months prior to the
payment being started or received,  and once made, the election is  irrevocable.
However,  a participant  entitled to a benefit from the Pension Plan in 1998 may
elect to receive a lump sum payment in 1998 without regard to this six (6) month
requirement. Partici-pants who are receiving monthly benefits on January 1, 1998
from this Plan are not eligible to elect a lump sum payment. A lump sum shall be
determined in the same manner as it is determined under the Pension Plan.

                                                     ARTICLE III
                                             Administration of the Plan

3.01  Administrator:  The  Plan  shall  be  administered  by the  Administrative
Committee  elected by the Company  pursuant to the Pension Plan,  and subject to
such authority detailed therein.  The Administrator shall have the sole duty and
responsibility of main-taining records, making the requisite  calculations,  and
disbursing  the  payments  hereunder.  The  Administrator  shall  have  full and
complete  discretionary  authority in performing its duties. The Administrator's
interpretations,  determinations,  regulations,  and calculations shall be final
and binding on all persons and parties concerned.

3.02 Amendment and termination:  Kansas City Life Insurance Company may amend or
terminate the Plan at any time,  provided,  however,  that no such  amendment or
termination  shall  adversely  affect a benefit to which a terminated or retired
participant or his beneficiary is entitled under ARTICLE II prior to the date of
such  amendment or termination  unless the  participant  becomes  entitled to an
amount  equal to such  benefit  under  another  plan or practice  adopted by the
Company.

3.03 Payments: The Company will pay all benefits arising under this Plan and all
costs, charges, and expenses relating thereto.

3.04  Non-assignability of benefits: The benefits payable hereunder or the right
to receive  future  benefits under the Plan may not be  anticipated,  alienated,
pledged,  encumbered,  or sub-jected to any charge or legal process,  and if any
attempt  is  made to do so,  or a  person  eligible  for  any  benefits  becomes
bankrupt,  the interest under the Plan of the person affected may be termi-nated
by the  Administrator  which, in its sole  discretion,  may cause the same to be
held or applied for the benefit of one or more of the  dependents of such person
or make any other disposition of such benefits that it deems appropriate.

3.05 Status of Plan: The benefits under this Plan shall not be funded, but shall
constitute liabilities by the Company payable when due.

3.06  Non-guarantee  of  employment:  Nothing  contained  in this Plan  shall be
construed as a contract of employment  between the Company and any  participant,
or as a right of any  participant  to be continued in employment of the Company,
or as a  limitation  on  the  right  of  the  Company  to  discharge  any of its
employees, with or without cause.

3.07 Applicable law: All questions pertaining to the con-struction, validity and
effect of the Plan shall be determined in accordance with the laws of the United
States and to the extent not  pre-empted  by such laws, by the laws of the State
of Missouri.

IN WITNESS WHEREOF, Kansas City Life Insurance Company has caused this Agreement
to be executed by its duly authorized officers.

KANSAS CITY LIFE INSURANCE COMPANY

By: Its:
Senior Vice President

ATTEST:

       Assistant SecretaryExhibit 10.3

The German text of the Terms and Conditions of the Bonds is the
exclusively legally binding one. This English translation is for
convenience only.

                TERMS AND CONDITIONS OF THE BONDS

                           Section 1
            (Form, Denomination and Further Issues)

1.   The issue of Lone Star Industries, Inc., Stamford, Ct, USA
("Issuer") in the aggregate principal amount of Euro 300,000,000
(in words: Euros three hundred million) is divided into 300,000
bearer bonds in the denomination of Euro 1,000 each ("Bonds").

2.   The Bonds are represented for the whole life of the Bonds
by a global bearer Bond ("Global Bond") which is deposited with
Deutsche Boerse Clearing Aktiengesellschaft, Frankfurt am Main
("Clearing AG"). The rights to demand payment of interest are
not evidenced by a separate document. The Global Bond bears the
manual or facsimile signatures of two duly authorised officers
of the Issuer as well as the manual signature of an
authentication officer of Dresdner Bank Aktiengesellschaft,
Frankfurt am Main ("Dresdner Bank").

3.   No definitive Bonds shall be issued. The right to demand
the printing and delivery of definitive Bonds shall be excluded.
The holders of the Bonds ("Bondholders") are entitled to co-
ownership participations in the Global Bond, which are
transferable in accordance with the rules and regulations of
Clearing AG and, outside the Federal Republic of Germany,
Cedelbank and Morgan Guaranty Trust Company of New York,
Brussels Office, as operator of the Euroclear System
("Euroclear").

4.   The Issuer reserves the right from time to time without the
consent of the Bondholders to issue additional bonds with
identical terms, so that the same shall be consolidated, form a
single Issue with and increase the aggregate principal amount of
the Bonds. The term "Bonds" shall, in the event of such
increase, also comprise such additionally issued bonds.

                        Section 2
                       (Interest)

1.   The Bonds shall bear interest from 08 November 1999
(including) ("Issue Date") up to 08 November 2004 (excluding)
("Maturity Date") annually at the rate of 5.875 per cent. Such
interest will be payable in arrears on 08 November of each year
(each an "Interest Payment Date"), commencing on 08 November
2000.

Each period beginning on (and including) the Issue Date and
ending on (but excluding) the first Interest Payment Date, and
each period beginning on (and including) an Interest Payment
Date and ending on (but excluding) the next Interest Payment
Date is herein called an "Interest Period".

2.   The Bonds will cease to bear interest at the end of the day
preceding the due date, even if the due date is not a banking
day. Should, however, the Issuer or Dyckerhoff AG, Wiesbaden
("Guarantor") fail to meet its repayment obligation either (i)
when due, or (ii) when the due date is not a banking day in
Frankfurt am Main, on the next succeeding banking day, then the
Bonds will not cease to bear interest at the end of the day
preceding their due date, but only on the day of redemption; at
the latest, however, they will cease to bear interest 14 days
after the day on which, according to Section 13, it is announced
that the necessary funds have been placed at the disposal of the
Paying Agent (Section 4 paragraph 2).

3.   For the purposes of these Terms and Conditions of the Bonds
a "Banking Day" means a day, on which banks in Frankfurt am Main
and Clearing AG effect payments.

4.   If interest is to be calculated for a period of less than
one year, it shall be calculated on the basis of the actual
number of days elapsed, divided by the number of days (365 or
366) in the relevant interest year.

                           Section 3
                          (Maturity)

1.   The life of the Bonds shall be 5 years. The Issuer
undertakes to redeem the Bonds at the principal amount on 08
November 2004.

2.   The Issuer is entitled to purchase Bonds in the market or
otherwise.

                           Section 4
                          (Payments)

1.   The Issuer irrevocably undertakes to pay, when due, to the
Paying Agent principal and interest and additional amounts
("Additional Amounts"), if any, to be paid according to Section
5 in Euro. Principal of and interest on the Bonds shall be paid
to the Bondholders with due observance of any tax, foreign
exchange or other laws and regulations of the Federal Republic
of Germany without it being permissible to require the execution
of an affidavit or compliance with any other formality
whatsoever, unless such affidavit or formality is prescribed by
the law of the Federal Republic of Germany. Payments shall be
made through the paying agent by a Euro-cheque or transfer to a
Euro-account with a bank specified by the payee in a city in
which banks have access to the TARGET-System.

2.   The "Paying Agent" is Dresdner Bank Aktiengesellschaft,
Juergen-Ponto-Platz 1, 60301 Frankfurt am Main. All payments of
principal and interest and Additional Amounts, if any, will be
passed on by the Paying Agent to Clearing AG for credit to the
accounts of the respective depositary banks of the Bondholders
with the Clearing AG.

3.   The Paying Agent, in its capacity as such, is acting
exclusively as agent for the Issuer and does not have any
relationship of agency or trust with the holders of Bonds.

4.   No payment will be made in respect of the Bonds upon
presentation, or any other demand for payment, to the Issuer or
its paying agents within the United States, by mail to an
address in the United States of America ("United States") or by
transfer to an account in the United States, except as may be
permitted by United States tax laws and regulations in effect at
the time of such payment without detriment to the Issuer.

                         SECTION 5
(Taxation and Call Rights for Taxation Reasons or Reporting
Requirements)

1.   Principal and interest are to be paid without withholding
at source or deduction at source of any present or future taxes,
fees or duties of whatsoever nature which are imposed by or in
the United States and or from or in the Federal Republic of
Germany, unless it is required by law. Any taxes, fees or duties
levied after the issue of the Bonds from or in the United States
and or from or in the Federal Republic of Germany by means of
withholding at source or deduction at source are to be borne by
the Issuer or the Guarantor as Additional Amounts in such a way
that payment of the principal and interest to the Bondholders
can be made at the full face value. The tax on interest payment
which has been in effect in the Federal Republic of Germany
since 1 January 1993 and the solidarity surcharge imposed
thereon as from 1 January 1995 as well as the EU-wide
standardized withholding tax proposed by the EU Commission
according to a "Council Directive to ensure a minimum of
effective taxation of savings income within the EU" - KOM (1998)
295 endg. - 98/0194 (CNS) from 20 May 1998 do not constitute
such a withholding tax or withholding levy on interest payments
as described above.

2.   However, the Issuer or the Guarantor shall not be obliged
to pay any Additional Amounts on account of any such taxes, fees
or duties,

a)   which are to be paid on payments of principal or interest
by any other means than withholding at source or deduction at
source, or

b)   which the Bondholder is subject to for any reason other
than the mere fact of being a recipient of principal or interest
in respect of the Bonds, in particular if the Bondholder is
subject to such taxes, fees or duties based on a personal
unlimited or limited tax liability, or

c)   which the Bondholder would not be subject to, if he had
claimed payments of principal of and interest on the Bonds
within 30 days from the respective due date or from the relevant
date; if the Paying Agent has not received the amounts due on or
before the due date, the relevant date for the beginning of the
30 days' period shall be the date on which it is announced in
accordance with Section 13 that the required amounts have been
received by the Paying Agent; or

d)   that would not have been so imposed but for (i) the
existence of any present or former connection between such
holder (or between a fiduciary, settlor or beneficiary of, or a
person holding a power over, such holder, if such holder is an
estate or trust, or a partner, member or shareholder of such
holder, if such holder is a partnership, limited liability
company, corporation or other business entity) and the United
States, including, without limitation, such holder (or such
fiduciary, settlor, beneficiary, person holding a power,
partner, member or shareholder) being or having been a citizen,
resident or treated as a resident thereof or being or having
been engaged in a trade or business or present therein or having
had a permanent establishment therein, or (ii) such holder's
present or former status as a personal holding company,
controlled foreign corporation, foreign personal holding company
or passive foreign investment company with respect to the United
States or as a corporation that accumulates earnings to avoid
United States Federal income tax; or

e)   which are any estate, inheritance, gift, sales, transfer,
personal property tax or any similar tax, assessment or other
governmental charge; or

f)   imposed on a Bondholder that is a bank within the meaning
of Section 881 (c)(3)(A) of the United States Internal Revenue
Code of 1986, as amended, and any regulations thereunder
("Code"), or imposed on a Bondholder that actually or
constructively owns 10% or more of the total combined voting
power of all classes of stock of the Issuer entitled to vote
within the meaning of Section 871(h)(3) of the Code; or

g)   imposed as a result of the failure to comply with
applicable certification, information, documentation or other
reporting requirements concerning the nationality, residence,
identity or connection with the United States of the holder or
beneficial owner of a Bond, if such compliance is required by
statute, or by regulation of the United States, as a
precondition to relief or exemption from such tax, assessment or
other governmental charge; or

h)   required to be withheld by any paying agent from any
payment on a Bond if such payment can be made without such
withholding by at least one other paying agent; or

i)   any combination of items (a), (b), (c), (d), (e), (f), (g)
and (h);

nor will Additional Amounts be paid with respect to any payment
on a Bond to a holder who is a fiduciary or partnership or other
than the sole beneficial owner of such payment to the extent
such payment would be required by the laws of the United States
(or any political subdivision thereof) to be included in the
income for Federal income tax purposes of a beneficiary or
settlor with respect to such fiduciary or a member of such
partnership or a beneficial owner who would not have been
entitled to payment of the Additional Amounts had such
beneficiary, settlor, member or beneficial owner been the holder
of such Bond.

Whenever in this Bond there is mentioned, in any context, the
payment of the principal of or interest on, or in respect of, a
Bond, such mention shall be deemed to include mention of the
payment of Additional Amounts provided for in this Section 5 to
the extent that, in such context, Additional Amounts are, were
or would be payable in respect thereof pursuant to the
provisions of this Section 5, and express mention of the payment
of Additional Amounts (if applicable) in any provisions hereof
shall not be construed as excluding Additional Amounts in those
provisions hereof where such express mention is not made.

3.   If at any time due to a change in tax law after the issue
of the Bonds, the Issuer is or will be required to pay
Additional Amounts under paragraph 1 and paragraph 2, the Issuer
is entitled upon not less than one month's notice to call all
Bonds on each 8th day of any month for early repayment at par.

No such notice shall take effect earlier than on the 8th day of
the month which precedes the month in which payment of
Additional Amounts would first have to be effected or such
taxes, fees or duties would have to be deducted by means of
deduction at source or to be withheld by means of withholding at
source, if the repayment date is not an interest payment date,
interest accrued to the repayment date from the preceding
interest payment date will be paid. A call by the Issuer shall
be effected by announcement in accordance with Section 13.

If the Issuer shall determine that any payment of principal or
interest due in respect of any Bond made outside the United
States by the Issuer or any paying agent would, under any
present or future laws or regulations of the United States, be
subject to any certification, information or other reporting
requirement of any kind, the effect of which requirement is the
disclosure to the Issuer, any paying agent or any governmental
authority of the nationality, residence or identity (as
distinguished from, for example, status as a United States
Alien, as defined below) of a beneficial owner of a Bond who is
a United States Alien (other than such a requirement which (i)
would not be applicable to a payment made by the Issuer or any
paying agent (1) directly to the beneficial owner or (2) to a
custodian, nominee or other agent of the beneficial owner, (ii)
can be satisfied by such custodian, nominee or other agent
certifying to the effect that such beneficial owner is a United
States Alien, provided that in each case referred to in items
(i) (2) or (ii), payment by such custodian, nominee or other
agent to such beneficial owner is not otherwise subject to any
such requirement (other than a requirement which is imposed on a
custodian, nominee, or other agent described in (iv) of this
sentence), (iii) would not be applicable to a payment made by at
least one other paying agent of the Issuer or (iv) is applicable
to a payment to a custodian, nominee, or other agent of the
beneficial owner who is a United States person (as defined
below), a controlled foreign corporation for United States tax
purposes, a foreign person 50% or more of whose gross income for
the 3-year period ending with the close of its taxable year
preceding the year of payment is effectively connected with a
United States trade or business, or is otherwise related to the
United States), the Issuer at its election shall either (x)
redeem the Bonds, as a whole, at a redemption price equal to the
principal amount thereof, together with accrued and unpaid
interest to the date fixed for redemption, or (y) if the
conditions of the next succeeding subparagraph are satisfied,
pay the Additional Amounts specified in such subparagraph. The
Issuer shall make such determination and election as soon as
practicable and give prompt notice thereof ("Determination
Notice") in the manner described in Section 13, stating the
effective date of such certification, information or reporting
requirements, whether the Issuer has elected to redeem the Bonds
or to pay the Additional Amounts specified in the next
succeeding subparagraph, and (if applicable) the last date by
which the redemption of the Bonds must take place, as provided
in the next succeeding sentence. If the Issuer elects to redeem
the Bonds, such redemption shall take place on such date, not
later than one year after the publication of the Determination
Notice, as the Issuer shall elect by notice to the Principal
Paying Agent given not less than 45 nor more than 75 days before
the date fixed for redemption. Notice of such redemption of the
Bonds which shall be irrevocable will be given to the holders of
the Bonds in the manner described in Section 13 below not less
than 30 nor more than 60 days prior to the date fixed for
redemption.

If and so long as the certification, information or other
reporting requirements referred to in the preceding subparagraph
would be fully satisfied by payment of a withholding tax, backup
withholding tax or similar charge, the Issuer may elect to pay
such Additional Amounts as may be necessary so that every net
payment made outside the United States following the effective
date of such requirements by the Issuer or any paying agent of
principal or interest due in respect of any Bond to a holder who
certifies that the beneficial owner is a United States Alien
(but without any requirement that the nationality, residence or
identity of such beneficial owner be disclosed to the Issuer,
any paying agent or any governmental authority), after deduction
or withholding for or on account of such withholding tax, backup
withholding tax or similar charge (other than a withholding tax,
backup withholding tax or similar charge that (i) is the result
of a certification, information or other reporting requirement
described in the second parenthetical clause of the first
sentence of the preceding subparagraph or (ii) is imposed as a
result of presentation of such Bond for payment more than 30
days after the date on which such payment becomes due and
payable or on which payment thereof is duly provided for,
whichever occurs later), will not be less than the amount
provided for in such Bond to be then due and payable. In the
event the Issuer elects to pay such Additional Amounts, the
Issuer will have the right, at its sole option, at any time, to
redeem the Bonds as a whole, but not in part, at a redemption
price equal to the principal amount thereof, together with
accrued and unpaid interest to the date fixed for redemption. If
the Issuer has made the determination described in the preceding
subparagraph with respect to certification, information or other
reporting requirements applicable only to interest and sub-
sequently makes a determination in the manner and of the nature
referred to in such preceding subparagraph with respect to such
requirements applicable to principal, the Issuer will redeem the
Bonds in the manner and on the terms described in the preceding
subparagraph unless the Issuer elects to have the provisions of
this subparagraph apply rather than the provisions of the
immediately preceding subparagraph. If in such circumstances the
Bonds are to be redeemed, the Issuer shall have no obligation to
pay Additional Amounts pursuant to this subparagraph with
respect to principal or interest accrued and unpaid after the
date of the notice of such determination indicating such
redemption, but will be obligated to pay such Additional Amounts
with respect to interest accrued and unpaid to the date of such
determination. If the Issuer elects to pay Additional Amounts
pursuant to this subparagraph and the condition specified in the
first sentence of this subparagraph should no longer be
satisfied, then the Issuer shall promptly redeem such Bonds.

As used in these Terms and Conditions of the Issue, the term
"United States" means the United States of America (including
the States and the District of Columbia), its territories, its
possessions (including the Commonwealth of Puerto Rico) and
other areas subject to its jurisdiction. The term "United States
person" means a citizen or resident of the United States, a
corporation, partnership or other entity created or organized in
or under the laws of the United States or any political
subdivision thereof, an estate the income of which is subject to
United States Federal income taxation regardless of its source,
or a trust subject to the supervision of a court within the
United States and the control of a United States fiduciary as
described in Section 7701(a)(30) of the Code. The term "United
States Alien" means any corporation, partnership, individual or
fiduciary that is, as to the United States, a foreign
corporation, a non-resident alien individual, a non-resident
fiduciary of a foreign estate or trust, or a foreign partnership
one or more of the members of which is, as to the United States,
a foreign corporation, a non-resident alien individual or a non-
resident fiduciary of a foreign estate or trust.

In the event that the Issuer is required or elects to redeem the
Bonds pursuant to the provisions set forth in subparagraph (4),
(5) or (6) of this Section 5, the Issuer will deliver to the
Principal Paying Agent a certificate, signed by an authorized
officer, stating that the Issuer is entitled to redeem the Bonds
pursuant to their terms along with any written opinion of
independent legal counsel required in connection therewith.
Notice of intention to redeem the Bonds and all other notices in
accordance with the provisions of the preceding subparagraphs of
this Section 5 will be given in accordance with Section 13
below. In the case of a redemption, notice will be given by the
Issuer once not more than 60 nor less than 30 days prior to the
date fixed for redemption and will specify the date fixed for
redemption.

                          Section 6
                         (Transfer)

The Issuer and/or the Guarantor undertake to transfer to the
Paying Agent in Euros all sums required for the performance of
the financial obligations arising from these Terms and
Conditions of the Bond. Such transfer to the Paying Agent is to
be made in a timely manner, under any and all circumstances and,
if necessary, irrespective of any present or future payment and
clearing agreements and regardless of the nationality, domicile
or residence of the Bondholder and without any requirement to
execute an affidavit or to comply with any other formality
whatsoever.

                          Section 7
    (Deposit, Period for Presentation and Prescription)

1.   The Issuer or the Guarantor may deposit with the lower
court (Amtsgericht) of Frankfurt am Main upon passing of 12
months after the due date principal and interest not claimed by
Bondholders within such 12 months with the waiver of the right
to withdraw such deposit; such deposit will be at the risk and
cost of such Bondholders. Upon such deposit all claims of such
Bondholders against the Issuer or the Guarantor and against
third parties that are liable for its obligations shall cease.

2.   The period for presentation of Bonds due, as established in
Section 801 paragraph 1 sentence 1 of the German Civil Code
(Buergerliches Gesetzbuch), is reduced to ten years.

3.   The period for prescription for Bonds presented for payment
during the presentation period shall be two years beginning at
the end of the relevant presentation period.

                           Section 8
          (Pari passu, Negative Pledge of the Issuer)

1.   The obligations represented by the Bonds rank at least pari
passu with all other unsecured and unsubordinated obligations of
the Issuer arising from borrowed money.

2.   The Issuer undertakes vis-a-vis Dresdner Bank, until such
time as principal and interest and Additional Amounts pursuant
to Section 5, if any, have been completely placed at the
disposal the Paying Agent, not to secure or have secured by
mortgage, pledge or any other encumbrance upon its own assets
any present or future Capital Market Indebtedness and any
guarantee or indemnity given in respect thereof, unless this
Issue at the same time shares pari passu and pro rata in such
security.

3.   Within the context of these Terms and Conditions of the
Issue "Capital Market Indebtedness" of the Issuer means any
present or future indebtedness of the Issuer, or guarantee or
indemnity of the Issuer for a present or future indebtedness of
any third party or of any third party thereof, in form of bonds,
notes or debentures or securities comparable to bonds, notes or
debentures with an original maturity of more than one year,
which can ordinarily be traded on any stock exchange or other
securities market.

                            Section 9
         (Guarantee, Negative Pledge of the Guarantor)

1.   Pursuant to the guarantee agreement dated 4 November 1999
made between the Guarantor and Dresdner Bank (the "Guarantee"),
the Guarantor has assumed the unconditional and irrevocable
Guarantee for the due payment of principal and interest and
Additional Amounts pursuant to Section 5, if any. The Guarantee
constitutes a contract in favour of the respective Bondholders
as third party beneficiaries pursuant to paragraph 328 (1) German Civil
Code giving rise to the right to each of such Bondholders to
require performance of the Guarantee directly from the Guarantor
and to enforce the Guarantee directly against the Guarantor.
Accordingly the Guarantor will make all due payments upon first
demand. Copies of the Guarantee are available at the head office
of Dresdner Bank in Frankfurt am Main.

2.   The Guarantor has undertaken in a separate declaration in
favour of the Bondholders dated 4 November 1999 (the
"Declaration of Undertaking"), until such time as principal and
interest and Additional Amounts pursuant to Section 6, if any,
have been completely placed at the disposal of the Paying Agent,
not to secure or have secured by mortgage, pledge or any other
real encumbrance upon its own assets and present or future
Capital Market Indebtedness and any guarantee or indemnity given
in respect thereof, without the Bondholders at the same time
sharing pari passu and pro rata in such security. The
Declaration of Undertaking constitutes a contract in favour of
the respective Bondholders as third party beneficiaries pursuant
to paragraph 328 (1) of the German Civil Code giving rise to the right
of each of such Bondholders to require performance of the
obligations undertaken in the Declaration of Undertaking
directly from the Guarantor and to enforce such obligations
directly against the Guarantor. Copies of the Declaration of
Undertaking are available at the head office of Dresdner Bank in
Frankfurt am Main.

3.   Within the context of these Terms and Conditions of the
Bonds "Capital Market Indebtedness" of the Guarantor means any
present or future indebtedness of the Guarantor, or guarantee or
indemnity of the Guarantor for a present or future indebtedness
of any third party or of any third party thereof, in form of
bonds, notes or debentures or securities comparable to bonds,
notes or debentures with an original maturity of more than one
year, which can ordinarily be traded on any stock exchange or
other securities market.

                            SECTION 10
                (Call Right of the Bondholders)

1.   The Issuer or the Guarantor is not, except in the events
mentioned in Section 5 entitled to call the Bonds for early
repayment.

2.   Each Bondholder is entitled to declare due by notice his
entire claims arising from the Bonds and to demand payment at
par plus accrued interest, if

a)   the Issuer or the Guarantor, for any reason whatsoever,
fails to pay within 7 banking days after the relevant due date
principal or interest on this Issue, including Additional
Amounts which may have to be paid according to Section 5, or

b)   the Issuer or the Guarantor, for any reason whatsoever,
fails to duly perform any other obligation under these Terms and
Conditions of the Bonds, in particular pursuant to Section 8
paragraph 2 and Section 9 paragraph 2, for any reason
whatsoever, and such failure continues for more than 15 banking
days after receipt of a written notice from the Paying Agent, or

c)   the Issuer or the Guarantor, within 30 days after the due
date fails to fulfil an obligation to pay principal or interest
in respect of, or is called upon to repay prematurely due to
default, any other obligations arising from borrowed money
having an initial maturity of more than one year and an
aggregate principal amount of at least Euro 30,000,000 or its
equivalent in other currencies, or if securities granted
therefor are enforced on behalf of or by the creditors entitled
thereto and the failure, default or enforcement is not caused by
the fact that the Issuer or the Guarantor is prevented, directly
or indirectly, by any government or other authority from
fulfilling the relevant obligations, or

d)   the Issuer or the Guarantor announce its inability to meet
its financial obligations, or

e)   insolvency proceeding is commenced by court against the
Issuer or the Guarantor which shall not have been dismissed or
stayed within 75 days after the commencement thereof, or the
Issuer institutes such a proceeding or suspends payments, or

f)   the Issuer or the Guarantor ceases all or substantially all
of its business operations or sells or disposes of its assets or
a substantial part thereof and (i) thus diminishes considerably
the value of its assets and (ii) for this reason it becomes
likely that the Issuer or the Guarantor may not fulfil its
payment obligations against the Bondholders unless the purchaser
of such assets assumes the Issuer's or Guarantor's obligations,
as the case may be, or

g)   the Issuer or the Guarantor enter into liquidation, unless
such liquidation is to take place in connection with a merger,
consolidation or any other form of combination with another
company and such company assumes all obligations arising from
these Terms and Conditions of the Bonds, or

h)   any governmental order, decree or enactment shall be made
in or by the United States or the Federal Republic of Germany
whereby the Issuer or the Guarantor is prevented from observing
and performing in full its obligations as set forth in these
Terms and Conditions and in the Guarantee, respectively, and
this situation is not cured within 90 days.

3.   Such notice for repayment has to be addressed in writing by
the Bondholders to the Paying Agent; such notice will become
effective upon receipt by the Paying Agent. The notice should
contain a proof-of-ownership, e.g. an up-to-date certificate of
deposited securities. Claims fall due 30 days after receipt of
such notice unless, in the case of paragraph 2 b), the
obligation has been fulfilled or, in the case of paragraph 2 c),
the obligation has been fulfilled or the performance thereof has
been waived or postponed prior thereto.

4.   A call by Bondholders shall be announced by the Issuer in
accordance with Section 13.

                          Section 11
          (Assignment of the Function as Paying Agent)

1.   Should any event occur which in the opinion of Dresdner
Bank would prevent it from acting as Paying Agent Dresdner Bank
will with the consent of the Issuer appoint an appropriate bank
as Paying Agent and such appropriate bank shall assume all the
paying bank's obligations.

2.   Should Dresdner Bank be unable to transfer its function as
Paying Agent the Issuer will be obligated to appoint an
appropriate bank or company of international standing or another
bank of international standing as Paying Agent.

3.   A transfer of the function as paying agency must be
publicly announced without delay in accordance with Section 13
or, should this prove to be impossible, in some other way by
Dresdner Bank or by the Issuer, as the case may be.

                         Section 12
                (Substitution of the Issuer)

1.   The Issuer shall be entitled at any time without the
consent of the Bondholders to substitute for the Issuer either
the Guarantor or any other company of which 100 per cent. of the
shares carrying the right to vote are directly or indirectly
wholly owned by the Guarantor, as issuer ("New Issuer") in
respect of all obligations arising from or in connection with
the Bonds, if

a)   the New Issuer assumes all obligations of the Issuer
arising from or in connection with the Bonds,

b)   the New Issuer has obtained any necessary authorisation
from the competent authorities to the effect that the New Issuer
may transfer to the Paying Agent, in Euro and without the
withholding at source or deduction at source of any taxes, fees
or duties, all amounts required for the performance of the
payment obligations arising from or in connection with the
Bonds,

c)   the Guarantor, except the case where it is the New Issuer,
irrevocably and unconditionally guarantees such obligations of
the New Issuer according to Section 9.

2.   In the event of such substitution, any reference in these
Terms and Conditions of the Bonds to the Issuer shall from then
on be deemed to refer to the New Issuer; any reference to the
United States shall from then on be deemed to refer to the
country where the New Issuer is domiciled or, if different, is
treated as resident for tax purposes.

3.   Any substitution effected in accordance with paragraph 1
shall be binding on the Bondholders and shall be announced in
accordance with Section 13.

                             SECTION 13
                          (Announcements)

All announcements regarding these Bonds shall be published in at
least one national newspaper authorised by the Frankfurt Stock
Exchange where the Bonds are listed for trading with official
quotation.

                           Section 14
    (Applicable Law, Place of Performance and Jurisdiction)

1.   The form and content of the Bonds as well as all the rights
and duties arising therefrom shall be governed exclusively by
the law of the Federal Republic of Germany. Place of performance
is Frankfurt am Main.

2.   Non-exclusive court of venue for all litigation with the
Issuer arising from legal relations established in these Terms
and Conditions of the Bonds is Frankfurt am Main. For
litigation, if any, between the Bondholders and the Issuer which
are brought before courts in the Federal Republic of Germany,
the Issuer appoints Dyckerhoff AG as agent for service of
process.

3.   The Bondholders are also entitled to assert their claims
against the Issuer before courts in the United States. Also in
such cases the laws of the Federal Republic of Germany shall be
applied.

                            Section 15
                      (Partial Invalidity)

Should any of the provisions contained in these Terms and
Conditions of the Bonds be or become invalid or unenforceable,
the validity or the enforceability of the remaining provisions
shall not in any way be affected or impaired thereby. In this
case, the invalid provision shall be deemed to be replaced by a
provision which to the extent legally possible provides for an
interpretation in keeping with the meaning and the economic
purposes of these Terms and Conditions of the Bonds at the time
of the issue of the Bonds. Under circumstances in which these
Terms and Conditions of the Bonds prove to be incomplete, a
supplementary interpretation in accordance with the meaning and
the purposes of these Terms and Conditions of the Bonds under
due consideration of the legitimate interests of the parties
involved shall be applied.

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