Document:

Form of Director Non-Qualified Stock Option Agreement

 Exhibit 10.7 

EAGLE MATERIALS INC. 
 INCENTIVE PLAN 
 NON-QUALIFIED DIRECTOR STOCK OPTION AGREEMENT

 This option agreement (the “Option Agreement” or “Agreement”) entered into between EAGLE MATERIALS
INC., a Delaware corporation (the “Company”), and                      (the “Optionee”), a director of the Company, with respect
to a right (the “Option”) awarded to the Optionee under the Eagle Materials Inc. Incentive Plan, as amended (the “Plan”), on June 19, 2012 (the “Award Date”) to purchase from the Company up to but not exceeding in
the aggregate              shares of Common Stock (as defined in the Plan) at a price of $33.69 per share (the “Exercise Price”), such number of shares and such price per share
being subject to adjustment as provided in the Plan, and further subject to the following terms and conditions: 
  

	 	1.	Relationship to Plan. 

This Option is subject to all of the terms, conditions and provisions of the Plan and administrative interpretations thereunder, if any,
which have been adopted by the Company’s Compensation Committee (“Committee”) and are in effect on the date hereof. Except as defined herein, capitalized terms shall have the same meanings ascribed to them under the Plan. For purposes
of this Option Agreement: 
 (a) “Retirement” shall mean termination of service on the Board at the
Company’s mandatory retirement age in accordance with the Company’s director retirement policy or earlier on such terms and conditions as approved by the Committee. 
 (c) “Service Vesting Date” means December 19, 2012. 
 (d)
“Vesting Period” means the period commencing on the Award Date and ending on the date on which the Award may fully vest in accordance with the schedule provided in Section 2(a). 

 

	 	2.	Vesting and Exercise Schedules. 

 (a) Exercisability. This Option may be exercised to purchase the shares of Common Stock covered thereby (the “Option Shares”) on the Service Vesting Date. The Optionee must be in
continuous service as a Director from the Award Date through the Service Vesting Date on which the Option Shares would otherwise become exercisable in order for the Option to become exercisable with respect to the Option Shares, otherwise such
Option Shares shall be forfeited. Notwithstanding the foregoing, in the event the Optionee’s service as a Director terminates by reason of death or Retirement, and in any such case such termination follows the Award Date and is prior to the
Service Vesting Date, any unexercisable Option Shares shall continue to become exercisable as if the Optionee had continued to serve as a Director for a period of six months following such termination. 

 (b) To the extent the Option becomes exercisable, such Option may be exercised in whole or
in part (at any time or from time to time, except as otherwise provided herein) until expiration of the Option pursuant to the terms of this Agreement or the Plan. 
 (c) Change in Control. Upon the occurrence of a Change in Control (as defined in Exhibit A to this Agreement), (i) this Option may be replaced within a reasonable time after the Change
in Control with an option of equivalent value to purchase shares of the surviving parent corporation if the Committee determines that the terms giving rise to the Change in Control provide for such replacement, or (ii) the Option may be settled
in cash in accordance with the last sentence of this subparagraph (b). Upon a Change in Control, pursuant to Section 16 of the Plan, the Company may, in its discretion, settle the Option by a cash payment equal to the difference between the
Fair Market Value per share of Common Stock on the settlement date and the Exercise Price for the Option, multiplied by the number of shares then subject to the Option. 

 

	 	3.	Termination of Option. 

The Option hereby granted shall terminate and be of no force and effect with respect to any shares of Common Stock not previously
purchased by the Optionee at the earliest time specified below: 
 (a) the tenth anniversary of the Award Date; 

(b) if Optionee’s service as a Director is terminated by the Company for “cause” (as determined by the Committee) at any
time after the Award Date, then the Option shall terminate immediately upon such termination of Optionee’s service; 
 (c)
if Optionee’s service as a Director is terminated due to Retirement, then this Option shall terminate on the tenth anniversary of the Award Date; 
 (d) if Optionee’s service as a Director is terminated due to death at any time after the Award Date and while in the service of the Company or within 90 days after termination of such service, then
the Option shall terminate on the later of (i) the first business day following the expiration of the one-year period following such termination; and (ii) with respect to any Option Shares which become exercisable after such termination,
the first business day following the expiration of the 90-day period beginning on the date the Option Shares first become exercisable; or 
 (e) if Optionee’s service as a Director is terminated for any reason other than death, Retirement or termination for “cause,” then the Option shall terminate on the first business day
following the expiration of the 90-day period beginning on the date of termination of Optionee’s service. 

  
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	 	4.	Exercise of Option. 

Subject to the limitations set forth herein and in the Plan, this Option may be exercised by notice provided to the Company as set forth
in Section 5. The payment of the Exercise Price for the Option Shares being purchased pursuant to the Option shall be made (a) in cash, by check or cash equivalent, (b) by tender to the Company, or attestation to the ownership, of
Common Stock owned by the Optionee having a Fair Market Value (as determined by the Company without regard to any restrictions on transferability applicable to such Common Stock by reason of federal or state securities laws or agreements with an
underwriter for the Company) not less than the Exercise Price, (c) by delivery of a properly executed notice together with irrevocable instructions to a broker providing for the assignment to the Company of the proceeds of a sale or loan with
respect to some or all of the shares being acquired upon the exercise of the Option (including, without limitation, through an exercise complying with the provisions of Regulation T as promulgated from time to time by the Board of Governors of the
Federal Reserve System), (d) by such other consideration as may be approved by the Board from time to time to the extent permitted by applicable law, or (e) by any combination thereof. 

If the Optionee desires to pay the purchase price for the Option Shares by tendering Common Stock using the method of attestation, the
Optionee may, subject to any such conditions and in compliance with any such procedures as the Committee may adopt, do so by attesting to the ownership of Common Stock of the requisite value, in which case the Company shall issue or otherwise
deliver to the Optionee upon such exercise a number of Option Shares equal to the result obtained by dividing (a) the excess of the aggregate Fair Market Value of the total number shares of Common Stock subject to the Option for which the
Option (or portion thereof) is being exercised over the purchase price payable in respect of such exercise by (b) the Fair Market Value per share of Common Stock subject to the Option, and the Optionee may retain the shares of Common Stock the
ownership of which is attested. 
 Notwithstanding anything to the contrary contained herein, the Optionee agrees that he will
not exercise the Option granted pursuant hereto, and the Company will not be obligated to issue any Option Shares pursuant to this Option Agreement, if the exercise of the Option or the issuance of such shares would constitute a violation by the
Optionee or by the Company of any provision of any law or regulation of any governmental authority or any stock exchange or transaction quotation system. The Optionee agrees that, unless the options and shares covered by the Plan have been
registered pursuant to the Securities Act of 1933, as amended (the “Act”), the Company may, at its election, require the Optionee to give a representation in writing in form and substance satisfactory to the Company to the effect that he
is acquiring such shares for his own account for investment and not with a view to, or for sale in connection with, the distribution of such shares or any part thereof. 
 If any law or regulation requires the Company to take any action with respect to the shares specified in such notice, the time for delivery thereof, which would otherwise be as promptly as reasonably
practicable, shall be postponed for the period of time necessary to take such action. 

  
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	 	5.	Notices. 

 Notice of
exercise of the Option must be made in the following manner, using such forms as the Company may from time to time provide: 

(a) by electronic means as designated by the Committee, in which case the date of exercise shall be the date when receipt is acknowledged
by the Company; 
 (b) by registered or certified United States mail, postage prepaid, to Eagle Materials Inc., Attention:
Secretary, 3811 Turtle Creek Blvd., Suite 1100, Dallas, Texas 75219, in which case the date of exercise shall be the date of mailing; or 
 (c) by hand delivery or otherwise to Eagle Materials Inc., Attention: Secretary, 3811 Turtle Creek Blvd., Suite 1100, Dallas, Texas 75219, in which case the date of exercise shall be the date when receipt
is acknowledged by the Company. 
 Notwithstanding the foregoing, in the event that the address of the Company is changed prior
to the date of any exercise of this Option, notice of exercise shall instead be made pursuant to the foregoing provisions at the Company’s current address. 
 Any other notices provided for in this Agreement or in the Plan shall be given in writing or by such electronic means, as permitted by the Committee, and shall be deemed effectively delivered or given
upon receipt or, in the case of notices delivered by the Company to the Optionee, five days after deposit in the United States mail, postage prepaid, addressed to the Optionee at the address specified at the end of this Agreement or at such other
address as the Optionee hereafter designates by written notice to the Company. 
  

	 	6.	Assignment of Option. 

Except as otherwise permitted by the Committee, the rights of the Optionee under the Plan and this Award Agreement are personal; no
assignment or transfer of the Optionee’s rights under and interest in this Option may be made by the Optionee otherwise than by will, by beneficiary designation, by the laws of descent and distribution or by a qualified domestic relations
order; and this Option is exercisable during his lifetime only by the Optionee, except as otherwise provided in this Agreement. 

After the death of the Optionee, exercise of the Option shall be permitted only by the Optionee’s designated beneficiary or, in the
absence of a designated beneficiary, the Optionee’s executor or the personal representative of the Optionee’s estate (or by his assignee, in the event of a permitted assignment) and only to the extent that the Option was exercisable on the
date of the Optionee’s death. 
  

	 	7.	Stock Certificates. 

Certificates representing the Common Stock issued pursuant to the exercise of the Option will bear all legends required by law and
necessary or advisable to effectuate the provisions of the Plan and this Option. The Company may place a “stop transfer” order against shares of the Common Stock issued pursuant to the exercise of this Option until all restrictions and
conditions set forth in the Plan or this Agreement and in the legends referred to in this Section 7 have been complied with. 

  
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	 	8.	Shareholder Rights. 

 The
Optionee shall have no rights of a shareholder with respect to shares of Common Stock subject to the Option unless and until such time as the Option has been exercised and ownership of such shares of Common Stock has been transferred to the
Optionee. 
  

	 	9.	Successors and Assigns. 

This Agreement shall bind and inure to the benefit of and be enforceable by the Optionee, the Company and their respective permitted
successors and assigns (including personal representatives, heirs and legatees), except that the Optionee may not assign any rights or obligations under this Agreement except to the extent and in the manner expressly permitted herein. 

 

	 	10.	No Service Guaranteed. 

No provision of this Option Agreement shall confer any right upon the Optionee to continued service with the Company. 

 

	 	11.	Governing Law. 

 This
Option Agreement shall be governed by, construed and enforced in accordance with the laws of the State of Texas. 
  

	 	12.	Amendment. 

 This
Agreement cannot be modified, altered or amended except by an agreement, in writing, signed by both the Company and the Optionee. 
  

									
		 		 		 	EAGLE MATERIALS INC.
					
	Date:	 	  
	 		 	By:	 	  

		 		 		 	Name:	 	Steven R. Rowley
		 		 		 	Title:	 	President and CEO

  
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 The Optionee hereby accepts the foregoing Option Agreement, subject to the terms and
provisions of the Plan and administrative interpretations thereof referred to above. 
 OPTIONEE: 

 

							
	Date:	 	  
	 		 	  

		 		 		 	Name
		 		 		 	Optionee’s Address:
		 		 		 	                             
               
		 		 		 	                             
               

  
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 EXHIBIT A 
 Change in Control 
 For the purpose of this Agreement, a “Change of
Control” shall mean the occurrence of any of the following events: 
 (a) The acquisition by any Person of beneficial
ownership of securities of the Company (including any such acquisition of beneficial ownership deemed to have occurred pursuant to Rule 13d-5 under the Exchange Act) if, immediately thereafter, such Person is the beneficial owner of (i) 50% or
more of the total number of outstanding shares of any single class of Company Common Stock or (ii) 40% or more of the total number of outstanding shares of all classes of Company Common Stock, unless such acquisition is made (a) directly
from the Company in a transaction approved by a majority of the members of the Incumbent Board or (b) by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company;

 (b) Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to
constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a
majority of the directors then comprising the Incumbent Board (or who is otherwise designated as a member of the Incumbent Board by such a vote) shall be considered as though such individual were a member of the Incumbent Board, except that any such
individual shall not be considered a member of the Incumbent Board if his or her initial assumption of office occurs as a result of either an actual or threatened election contest (as such term is used in Rule 14a-11 of Regulation 14A promulgated
under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; 
 (c) The consummation of a Business Combination, unless, immediately following such Business Combination, (i) more than 50% of both the total number of then outstanding shares of common stock of the
parent corporation resulting from such Business Combination and the combined voting power of the then outstanding voting securities of such parent corporation entitled to vote generally in the election of directors will be (or is) then beneficially
owned, directly or indirectly, by all or substantially all of the Persons who were the beneficial owners, respectively, of the outstanding shares of Company Common Stock immediately prior to such Business Combination in substantially the same
proportions as their ownership immediately prior to such Business Combination of the outstanding shares of Company Common Stock, (ii) no Person (other than any employee benefit plan (or related trust) of the Company or any corporation resulting
from such Business Combination) beneficially owns, directly or indirectly, 40% or more of the total number of then outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the
then outstanding voting securities of such corporation entitled to vote generally in the election of directors and (iii) at least a majority of the members of the board of directors of the parent corporation resulting from such Business
Combination were members of the Incumbent Board immediately prior to the consummation of such Business Combination; or 

  
 1 -A

 (d) Approval by the Board and the shareholders of the Company of (i) a complete
liquidation or dissolution of the Company or (ii) a Major Asset Disposition (or, if there is no such approval by shareholders, consummation of such Major Asset Disposition) unless, immediately following such Major Asset Disposition,
(A) Persons that were beneficial owners of the outstanding shares of Company Common Stock immediately prior to such Major Asset Disposition beneficially own, directly or indirectly, more than 50% of the total number of then outstanding shares
of common stock and the combined voting power of the then outstanding shares of voting stock of the Company (if it continues to exist) and of the Acquiring Entity in substantially the same proportions as their ownership immediately prior to such
Major Asset Disposition of the outstanding shares of Company Common Stock; (B) no Person (other than any employee benefit plan (or related trust) of the Company or such entity) beneficially owns, directly or indirectly, 40% or more of the then
outstanding shares of common stock or the combined voting power of the then outstanding voting securities of the Company (if it continues to exist) and of the Acquiring Entity entitled to vote generally in the election of directors and (C) at
least a majority of the members of the Board of the Company (if it continues to exist) and of the Acquiring Entity were members of the Incumbent Board at the time of the execution of the initial agreement or action of the Board providing for such
Major Asset Disposition. 
 For purposes of the foregoing, 

(i) the term “Person” means an individual, entity or group; 

(ii) the term “group” is used as it is defined for purposes of Section 13(d)(3) of the Exchange Act;

 (iii) the terms “beneficial owner”, “beneficially ownership” and “beneficially
own” are used as defined for purposes of Rule 13d-3 under the Exchange Act; 
 (iv) the term “Business
Combination” means (x) a merger, consolidation or share exchange involving the Company or its stock or (y) an acquisition by the Company, directly or through one or more subsidiaries, of another entity or its stock or assets;

 (v) the term “Company Common Stock” shall mean the Common Stock, par value $.01 per share, of the
Company; 
 (vi) the term “Exchange Act” means the Securities Exchange Act of 1934, as amended;

 (vii) the phrase “parent corporation resulting from a Business Combination” means the Company if its
stock is not acquired or converted in the Business Combination and otherwise means the entity which as a result of such Business Combination owns the Company or all or substantially all of the Company’s assets either directly or through one or
more subsidiaries; 

  
 2 -A

 (viii) the term “Major Asset Disposition” means the sale or other
disposition in one transaction or a series of related transactions of 50% or more of the assets of the Company and its subsidiaries on a consolidated basis; and any specified percentage or portion of the assets of the Company shall be based on fair
market value, as determined by a majority of the members of the Incumbent Board; 
 (ix) the term “Acquiring
Entity” means the entity that acquires the largest portion of the assets sold or otherwise disposed of in a Major Asset Disposition (or the entity, if any, that owns a majority of the outstanding voting stock of such acquiring entity entitled
to vote generally in the election of directors or members of a comparable governing body); and 
 (x) the phrase
“substantially the same proportions,” when used with reference to ownership interests in the parent corporation resulting from a Business Combination or in an Acquiring Entity, means substantially in proportion to the number of shares of
Company Common Stock beneficially owned by the applicable Persons immediately prior to the Business Combination or Major Asset Disposition, but is not to be construed in such a manner as to require that the same ratio or number of shares of such
parent corporation or Acquiring Entity be issued, paid or delivered in exchange for or in respect of the shares of each class of Company Common Stock. 

  
 3 -AForm of Director Restricted Stock Agreement

 Exhibit 10.8 

EAGLE MATERIALS INC. 
 INCENTIVE PLAN 
 RESTRICTED STOCK AGREEMENT 

Eagle Materials Inc., a Delaware corporation (the “Company”), and
                    (the “Grantee”) hereby enter into this Restricted Stock Award Agreement (the “Agreement”) in
order to set forth the terms and conditions of the Company’s award (the “Award”) to the Grantee of certain shares of Common Stock of the Company granted to the Grantee on June 19, 2012 (the “Award Date”).

 1. Award. The Company hereby awards to the Grantee
                    shares of Common Stock of the Company (the “Shares”). 

2. Relationship to the Plan. The Award shall be subject to the terms and conditions of the Eagle Materials Inc. Incentive Plan, as
amended (the “Plan”), this Agreement and such administrative interpretations of the Plan, if any, as may be in effect on the date of this Agreement. Except as defined herein, capitalized terms shall have the meanings ascribed to
them under the Plan. For purposes of this Agreement: 
  

	 	(a)	“Service Period” shall mean the period from June 19, 2012 to December 19, 2012. 

 

	 	(b)	“Retirement” shall mean termination of service on the Board at the Company’s mandatory retirement age in accordance with the Company’s
director retirement policy or earlier on such terms and conditions as approved by the Committee. 

  

	 	(c)	“Service Date” means December 19, 2012. 

 3. Vesting. 
  

	 	(a)	Vesting Criteria. The Grantee’s interest in the Shares shall vest only: (i) if the Grantee has been in continuous service as a director of the Company
from the Award Date through the Service Date (“Service Condition”); and (ii) in accordance with the vesting timing set forth below in this Section 3(a) (“Vesting Date”). After the end of the Service Period, the
Compensation Committee shall certify whether the Service Condition has been satisfied (“Certification Date”). If the Service Condition has been satisfied then the earned Shares shall be considered “Earned But Unvested Shares.”
Such Earned But Unvested Shares shall vest as soon as administratively possible following the earlier of (i) Grantee’s Retirement or (ii) Grantee’s death. Prior to the Certification Date, all Shares shall be considered
“Unvested Shares.” If the Service Condition has not been satisfied then the Shares shall be immediately and automatically forfeited. 

  

	 	(b)	Restrictions. The period beginning on the Award Date and ending on the date immediately preceding the Vesting Date for a Share shall be known as the restriction
period (the “Restriction Period”). During the Restriction Period, the Grantee may not sell, transfer, pledge, exchange, hypothecate, or otherwise dispose of any unvested Shares or any right or interest related to such unvested Shares,
other than as required by the Grantee’s will or beneficiary designation, in accordance with the laws of descent and distribution or by a qualified domestic relations order. 

	 	(c)	Cancellation Right. The Grantee must be in continuous service as a Director from the Award Date through the Vesting Date for a Share to become vested. Subject to
Section 4, Grantee’s discontinuation of service as a Director prior to the vesting of any Shares shall cause any unvested Shares to be automatically forfeited. 

4. Change-in-Control; Death; Retirement. The restrictions set forth above in Section 3 shall lapse with respect to any Shares
(in the case of a Change-in-Control) or Earned But Unvested Shares (in the case of discontinuation of service as a Director by reason of death or Retirement) not previously forfeited and the remaining shares of this Award shall become fully vested
without regard to the limitations set forth in Section 3 above, provided that the Grantee has been in continuous service as a Director from the Award Date through: (A) the occurrence of a Change in Control (as defined in
Exhibit A to this Agreement), unless either: (i) the Committee determines that the terms of the transaction giving rise to the Change in Control provide that the Award is to be replaced within a reasonable time after the Change in
Control with an award of equivalent value of shares of the surviving parent corporation, or (ii) the Award is to be settled in cash in accordance with the last sentence of this Section 4, or (B) Grantee’s discontinuation of
service as a Director by reason of death or Retirement. Upon a Change-in-Control, pursuant to Section 16 of the Plan, the Company may, in its discretion, settle the Award by a cash payment that the Committee shall determine in its sole
discretion is equal to the fair market value of the Award on the date of such event. 
 5. Stockholder Rights. The
Grantee shall have the right to vote any Shares. On the first dividend payment date following the Certification Date, the Grantee shall be entitled to a cash dividend payment equal to: (i) the sum of per share dividends declared with respect to
Common Stock during the Service Period after the Award Date times (ii) the number of non-forfeited Shares. The Grantee shall also have the right to receive any cash dividends declared and paid on Earned But Unvested Shares after the end of the
Service Period at the same time such amounts are paid with respect to all other shares of Common Stock. 
 6. Capital
Adjustments and Corporate Events. If, from time to time during the term of the Restriction Period, there is any capital adjustment affecting the outstanding Common Stock as a class without the Company’s receipt of consideration, the Shares
shall be adjusted in accordance with the provisions of Section 16 of the Plan. Any and all new, substituted or additional securities to which the Grantee may be entitled by reason of the Grantee’s ownership of the Shares hereunder because
of a capital adjustment shall be immediately subject to the restrictions set forth herein and included thereafter as Shares for purposes of this Agreement. 
 7. Refusal to Transfer. 
 The Company shall not be required: 

 

	 	(a)	to transfer on its books any Shares that have been sold or otherwise transferred in violation of any of the provisions of this Agreement or the Plan; or

  

	 	(b)	to treat such purchaser or other transferee as owner of such Shares, accord such purchaser or other transferee the right to vote; or pay or deliver dividends or other
distributions to such purchaser or other transferee with respect to such Shares. 

  
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 8. Legends. If the Shares are certificated, the certificate or certificates
evidencing the Shares, if any, issued hereunder shall be endorsed with the following legend: 
 THE SHARES REPRESENTED BY THIS
CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS AND, ACCORDINGLY, MAY NOT BE SOLD, ASSIGNED, TRANSFERRED, ENCUMBERED, OR IN ANY MANNER DISPOSED OF EXCEPT IN CONFORMITY WITH THE TERMS OF THAT CERTAIN RESTRICTED STOCK AGREEMENT BETWEEN THE ISSUER AND
THE ORIGINAL HOLDER OF THESE SHARES. A COPY OF SUCH AGREEMENT IS MAINTAINED AT THE ISSUER’S PRINCIPAL CORPORATE OFFICES. 

9. Tax Consequences. The Grantee has reviewed with the Grantee’s own tax advisors the federal, state, and local tax
consequences of this investment and the transactions contemplated by this Agreement. The Grantee is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. The Grantee understands that the
Grantee (and not the Company) shall be responsible for the Grantee’s own tax liability that may arise as a result of the transactions contemplated by this Agreement. The Grantee understands that Section 83 of the Code taxes as ordinary
income the difference between the purchase price, if any, for the Shares and the Fair Market Value of the Shares as of the date any restrictions on the Shares lapse. In this context, “restriction” means the restrictions imposed during the
Restriction Period. The Grantee understands that the Grantee may elect to be taxed at the time the Shares are awarded rather than when and as the restrictions lapse by filing an election under Section 83(b) of the Code with the Internal Revenue
Service within 30 days from the Award Date. THE GRANTEE ACKNOWLEDGES THAT IT IS THE GRANTEE’S SOLE RESPONSIBILITY (AND NOT THE COMPANY’S) TO FILE TIMELY THE ELECTION UNDER SECTION 83(B), EVEN IF THE GRANTEE REQUESTS THE COMPANY OR ITS
REPRESENTATIVES TO MAKE THIS FILING ON THE GRANTEE’S BEHALF. 
 10. Entire Agreement; Governing Law. The Plan and
this Agreement constitute the entire agreement of the Company and the Grantee (collectively, the “Parties”) with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Parties with
respect to the subject matter hereof, and may not be modified adversely to the Grantee’s interest except by means of a writing signed by the Parties. Nothing in the Plan and this Agreement (except as expressly provided therein or herein) is
intended to confer any rights or remedies on any person other than the Parties. The Plan and this Agreement are to be construed in accordance with and governed by the internal laws of the State of Texas, without giving effect to any choice-of-law
rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of Texas to the rights and duties of the Parties. Should any provision of the Plan or this Agreement relating to the Shares be determined
by a court of law to be illegal or unenforceable, such provision shall be enforced to the fullest extent allowed by law and the other provisions shall nevertheless remain effective and shall remain enforceable. 

11. Interpretive Matters. Whenever required by the context, pronouns and any variation thereof shall be deemed to refer to the
masculine, feminine, or neuter, and the singular shall include the plural, and vice versa. The term “include” or “including” does not denote or imply any limitation. The term “business day” means any Monday through
Friday other than such a day on which banks are authorized to be closed in the State of Texas. The captions and headings used in this Agreement are inserted for convenience and shall not be deemed a part of the Award or this Agreement for
construction or interpretation. 

  
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 12. Notice. Any notice or other communication required or permitted hereunder shall
be given in writing and shall be deemed given, effective, and received upon prepaid delivery in person or by courier or upon the earlier of delivery or the third business day after deposit in the United States mail if sent by certified mail, with
postage and fees prepaid, addressed to the other Party at its address as shown beneath its signature in this Agreement, or to such other address as such Party may designate in writing from time to time by notice to the other Party. 

13. Successors and Assigns. This Agreement shall bind and inure to the benefit of and be enforceable by the Grantee, the Company
and their respective permitted successors and assigns (including personal representatives, heirs and legatees), except that the Grantee may not assign any rights or obligations under this Agreement except to the extent and in the manner expressly
permitted herein. 
 [Signature page follows.] 

  
 - 4 -

					
		 	EAGLE MATERIALS INC.
			
	 Dated:                     ,
2012
	 	By:	 	  

		 	Name:	 	Steven R. Rowley
		 	Its:	 	President and Chief Executive Officer
		 	Address:	 	 3811 Turtle Creek Boulevard, Suite 1100
 Dallas, Texas 75219

 The Grantee acknowledges receipt of a copy of the Plan, represents that he or she is familiar with the
terms and provisions thereof, and hereby accepts the Award subject to all of the terms and provisions hereof and thereof. The Grantee has reviewed this Agreement and the Plan in their entirety, has had an opportunity to obtain the advice of counsel
prior to executing this Agreement, and fully understands all provisions of this Agreement and the Plan. The Grantee further agrees to notify the Company upon any change in the address for notice indicated in this Agreement. 

 

					
	 Dated:                     ,
2012
	 	Signed:	 	  

		 	Name:	 	  

		 	Address:	 	  

		 		 	  

  
 - 5 -

 EXHIBIT A 

CHANGE-IN-CONTROL 
 For the purpose of this Agreement, a “Change in Control” shall mean the occurrence of any of the following events: 
 (a) The acquisition by any Person of beneficial ownership of securities of the Company (including any such acquisition of beneficial ownership deemed to have occurred pursuant to Rule 13d-5 under the
Exchange Act) if, immediately thereafter, such Person is the beneficial owner of (i) 50% or more of the total number of outstanding shares of any single class of Company Common Stock or (ii) 40% or more of the total number of outstanding
shares of all classes of Company Common Stock, unless such acquisition is made (a) directly from the Company in a transaction approved by a majority of the members of the Incumbent Board or (b) by any employee benefit plan (or related
trust) sponsored or maintained by the Company or any corporation controlled by the Company; 
 (b) Individuals who, as of the
date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or
nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board (or who is otherwise designated as a member of the Incumbent Board by such a vote) shall
be considered as though such individual were a member of the Incumbent Board, except that any such individual shall not be considered a member of the Incumbent Board if his or her initial assumption of office occurs as a result of either an actual
or threatened election contest (as such term is used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; 

(c) The consummation of a Business Combination, unless, immediately following such Business Combination, (i) more than 50% of both
the total number of then outstanding shares of common stock of the parent corporation resulting from such Business Combination and the combined voting power of the then outstanding voting securities of such parent corporation entitled to vote
generally in the election of directors will be (or is) then beneficially owned, directly or indirectly, by all or substantially all of the Persons who were the beneficial owners, respectively, of the outstanding shares of Company Common Stock
immediately prior to such Business Combination in substantially the same proportions as their ownership immediately prior to such Business Combination of the outstanding shares of Company Common Stock, (ii) no Person (other than any employee
benefit plan (or related trust) of the Company or any corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 40% or more of the total number of then outstanding shares of common stock of the corporation
resulting from such Business Combination or the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors and (iii) at least a majority of the members of the
board of directors of the parent corporation resulting from such Business Combination were members of the Incumbent Board immediately prior to the consummation of such Business Combination; or 

(d) Approval by the Board and the shareholders of the Company of (i) a complete liquidation or dissolution of the Company or
(ii) a Major Asset Disposition (or, if there is no such approval by shareholders, consummation of such Major Asset Disposition) unless, immediately following such Major Asset Disposition, (A) Persons that were beneficial owners of the
outstanding shares of Company Common Stock immediately prior to such Major Asset Disposition beneficially own, directly or indirectly, more than 50% of the total number of then outstanding shares of common stock and the combined voting power of the
then outstanding shares of voting stock of the Company (if it continues to 

 
exist) and of the Acquiring Entity in substantially the same proportions as their ownership immediately prior to such Major Asset Disposition of the outstanding shares of Company Common Stock;
(B) no Person (other than any employee benefit plan (or related trust) of the Company or such entity) beneficially owns, directly or indirectly, 40% or more of the then outstanding shares of common stock or the combined voting power of the then
outstanding voting securities of the Company (if it continues to exist) and of the Acquiring Entity entitled to vote generally in the election of directors and (C) at least a majority of the members of the Board of the Company (if it continues
to exist) and of the Acquiring Entity were members of the Incumbent Board at the time of the execution of the initial agreement or action of the Board providing for such Major Asset Disposition. 

For purposes of the foregoing, 
  

	 	(i)	the term “Person” means an individual, entity or group; 

  

	 	(ii)	the term “group” is used as it is defined for purposes of Section 13(d)(3) of the Exchange Act; 

 

	 	(iii)	the terms “beneficial owner”, “beneficial ownership” and “beneficially own” are used as defined for purposes of Rule
13d-3 under the Exchange Act; 

  

	 	(iv)	the term “Business Combination” means (x) a merger, consolidation or share exchange involving the Company or its stock or (y) an acquisition
by the Company, directly or through one or more subsidiaries, of another entity or its stock or assets; 

  

	 	(v)	the term “Company Common Stock” shall mean the Common Stock, par value $.01 per share, of the Company; 

 

	 	(vi)	the term “Exchange Act” means the Securities Exchange Act of 1934, as amended; 

 

	 	(vii)	the phrase “parent corporation resulting from a Business Combination” means the Company if its stock is not acquired or converted in the Business
Combination and otherwise means the entity which as a result of such Business Combination owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries; 

 

	 	(viii)	the term “Major Asset Disposition” means the sale or other disposition in one transaction or a series of related transactions of 50% or more of the
assets of the Company and its subsidiaries on a consolidated basis; and any specified percentage or portion of the assets of the Company shall be based on fair market value, as determined by a majority of the members of the Incumbent Board;

  

	 	(ix)	the term “Acquiring Entity” means the entity that acquires the largest portion of the assets sold or otherwise disposed of in a Major Asset Disposition
(or the entity, if any, that owns a majority of the outstanding voting stock of such acquiring entity entitled to vote generally in the election of directors or members of a comparable governing body); and 

 

	 	(x)	the phrase “substantially the same proportions,” when used with reference to ownership interests in the parent corporation resulting from a Business
Combination or in an Acquiring Entity, means substantially in proportion to the number of shares of Company Common Stock beneficially owned by the applicable Persons immediately prior to the Business Combination or Major Asset Disposition, but is
not to be construed in such a manner as to require that the same ratio or number of shares of such parent corporation or Acquiring Entity be issued, paid or delivered in exchange for or in respect of the shares of each class of Company Common Stock.

  
 EXHIBIT A - 2

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