Document:

EX-4.22

 Exhibit 4.22 

EXCLUSIVE PAPER FOR NOTARIAL DOCUMENTS 
  

							
	[Seals that are read on every other page:	 		  	
				
		 	STAMP OF THE	 	STAMP:	  	ANTONIO PÉREZ-COCA
	ANTONIO PÉREZ	 	STATE	 	0.15 €	  	CRESPO
	COCA CRESPO	 		 		  	N o t a r y
	(NIHIL PRIUS	 		 		  	C/ Monte Esquinza, 6
	FIDE)	 		 		  	28010 MADRID
	NOTARY OF MADRID	 		 		  	Tel.: 91 418 32 80 Fax.: 91 319 90 46]

 [Illegible initials on every other page] 

DEED OF ACCESSION TO THE PLEDGE OF SHARES OF CEMEX ESPAÑA, S.A. GRANTED BY THE ENTITIES “THE BANK OF NEW YORK MELLON”
and “CEMEX ESPAÑA, S.A.” 
 NUMBER THREE THOUSAND
THIRTY-ONE.                
                        
                 
 In
Madrid, my residence, on September seventeen two thousand and twenty.                        
                 
 Before
me, ANTONIO PÉREZ-COCA CRESPO, Notary Public of Madrid and of its Illustrious Bar, 

            
                
                                       
                     APPEAR:            
                                    
                 
 MRS.
PALOMA JULIETA ÁLVAREZ-URÍA BERROS, of legal age, bank employee, with business address in Madrid-28003 at José Abascal St., number 45; with National Identity Document
number 09427338-Y.                        
                 
 And.- MRS. MÓNICA BASELGA
LORING, of legal age, with domicile for these purposes in Madrid, at Hernández de Tejada St., number 1; with National Identity Document
number 51066340-S.                
                 

  
 1 

                       
                                         
                    INTERVENE:                   
                                         
                     
 The
first, on behalf and representation of THE BANK OF NEW YORK MELLON (hereafter, the “Bank”), entity incorporated in accordance with the laws of the State of New York (United States of America),
with registered office at 240 Greenwich Street, 7th Floor, New York, N.Y. 10286, United States of America, acting in turn in representation of and for the benefit of the holders of Senior Secured
Notes for a maximum main aggregate amount of ONE BILION dollars (1,000,000,000.00 USD), at an interest rate of 5.200%, with maturity in 2030, subject to the assumptions of anticipated amortization that have been
foreseen, issued under the bond issue agreement (Indenture), governed by the laws of the State of New York (United States of America), signed or to be signed on September 17, 2020 by, among others, CEMEX, S.A.B. de C.V. a company incorporated
in accordance with the laws of Mexico, as issuer, and The Bank of New York Mellon, as trustee (hereinafter, with its following amendments or novations, the “Bond
Issue”).                
                         

  
 2 

 Making use of the current power, as she affirms, conferred in her favor by deed granted by
Mr. Bret S. Derman and Mrs. Loretta Lundberg, with sufficient legal capacity, before Notary Public of New York, Mrs. Elvin Ramos, on September fifteen, two thousand and twenty, photocopy of which has been shown to me and whose
original, duly apostilled in accordance with the Hague Convention of October 5, 1961, which I will add to this present deed, through diligence, when it is delivered to
me.                                        
 
 The second, on behalf and representing the Company “CEMEX ESPAÑA,
S.A.” (formerly COMPAÑÍA VALENCIANA DE CEMENTOS PÓRTLAND, S.A.) domiciled in Madrid, Hernandez de Tejada st., 1; purpose of which is the Holding
activity.                                       
  
 With Code CNAE 6420 “ Activities of the Holding Company
“.                                    
 

  
 3 

 It was incorporated with an indefinite duration in deed authorized by the Notary who was
from Valencia, Don Juan Bautista Roch Contelles, on April 30, 1917, adapted to the present legislation through deed authorized by the Notary of Valencia, Mr. Antonio Soto Bisquert on July 13, 1990; incorporation of which was
REGISTERED in the Mercantile Registry of Valencia, to volume 122, book 28 of companies, section 3rd of anonymous, sheet 354, registration 1st; as to the adaptation it is registered in the aforementioned Registry, to volume 2,854, book 10, general
section, folio sheet V2533, registration 165; also, the bylaws of the company were combined through another public instrument authorized by the Notary of Madrid, Mr. Antonio Francés y de Mateo on August 12, 1993, with order number
6,796, which caused the
200th registration.                            
         
 Transferred the current address above, by deed authorized by the Notary of Valencia,
Mr. Antonio Soto Bisquert, on June 29, 1995, with order number 1,489 of his notarial registry, and registered in the Mercantile Registry of Madrid, to volume 9743 and 9744, section 8th, of the Book of Companies, folio 1 and 166, sheet
number M 156542, registrations 1st and 2nd.                
                 

  
 4 

 Changed its name to the one it now holds, by agreement adopted by the General Board of
Shareholders of the Company, in its meeting held on the twenty-fourth day of June, two thousand and two, registered as public instrument before my testimony, the same day, under order number 662 of its notarial registry, causing the 122th
registration of the registry
sheet.                                
                 
 It has
Tax Identification Code (C.I.F.) number: A46004214 and CNAE Code number 6420 (holding
companies).                                     
         
 The appearing party
states that the data identifying the Company and, especially, its corporate purpose and domicile, have not varied from those established
above.                                    
                  

It has Tax Identification Number: A-46.004.214. 

Making use of the current powers, as she affirms were conferred in her favor by agreement adopted by the Board of Directors of the Company, at
their meeting held on March thirty, two thousand and twenty, registered as public instrument through deed granted in my presence on June five, two thousand and twenty, under the number 1872 of my notarial registry, as evidenced by authorized copy of
the deed that I have at
sight.                                        
         

  
 5 

 For the purposes set forth in article 98 of the Law 24/2001, and in accordance with the
Resolution of the General Directorate of Registries and Notaries of April 12, 2002, I note that in my opinion, I consider the accredited representative powers sufficient to formalize this deed of accession of pledge pursuant to the terms that
are indicated below.                                
                 
 REAL
TITULARITY.-    I, the Notary, state that I have complied with the obligation of identification of the real holder of the Granting Entity that the Prevention of Money Laundering Law 10/2010 of April 28, imposes, whose
manifestations are recorded in an authorized certificate before the Notary of Madrid, Mr. Antonio Pérez-Coca Crespo, the twenty-sixth day of February of two thousand and fifteen, under number 884 of order of my notarial registry. I have
also consulted the Real Owners Database through the SIGNO platform and the representative of the company has stated hereby that the beneficial ownership shown in said platform is not correct, after which notification was
made.-                              
                                         
                          

  
 6 

 The appearing ladies have in my opinion, as they intervene, the legal capacity and
legitimate interest necessary for the granting of this DEED OF ACCESSION TO THE POLICY OF PLEDGE OF SHARES OF CEMEX ESPAÑA, S.A. and, for such purpose, in the representation they hold, and all the legal effects that may be
applicable, they                                    
                 

            
                                      
                      
                STATE                
                                         
                    

I. That, in virtue of the agreement granted in the policy intervened by the Notary of Madrid, Mr. Rafael Monjo Carrio on
November 8, 2012, registered with number 3,530 in Section A of their Registry Book, which has been extended several times, the last on July 19, 2017 through agreement formalized through policy intervened by the Notary of Madrid,
Mr. Antonio Pérez-Coca Crespo on said date (hereinafter, the “Pledge Policy”), CEMEX, S.A.B. de C.V. and New Sunward Holding B.V. constituted certain real rights of Pledge (hereinafter,
the “Pledges”) over the shares of the company CEMEX España, S.A. of their
ownership.                                     
                         

  
 7 

 II. That, in accordance with the Contract of Relationship between Creditors
(such as it is defined in the Pledge Policy), the creditors of the CEMEX group in virtue of bond issues such as the Issuance of Bonds will be considered as Creditors of Additional Bonds (Additional Notes Creditors) and, therefore, of Secured Parties
pursuant to the terms provided for in the Contract of Relationship between Creditors and in the Pledge Policy, and they can get the benefit of the Pledges by adhering to the Pledge Policy in accordance with the provisions of Clause 16
therein.                                     
                    

III. That, in accordance with the provisions of Clause 16 of the Pledge Policy, the Secured Parties, in whose benefit the Agent of
Guarantees acted, including the Bank, in its capacity as trustee of the bondholders of the Bond Issue, may adhere to the Pledge Policy and ratify their content, accepting the Pledges constituted in their favor as guarantee of the corresponding
Secured Debentures, through the appearance before me.                     

Said accessions will be carried out through the granting of the corresponding deed or accession policy, and all the above without the need for
new consent of the pledging agents or pledgee creditors, for having given their consent in advance in the Contract of Relationship between Creditors and in the Pledge Policy
itself.                
                                       
                  

  
 8 

 IV. That the Bank expressly states that the accession to which the Stipulations
of this Deed refer to, is formalized as a mere instrument for the execution of the rights attributed to the Bank in the Pledge Policy, from which it causes, so that the payment obligations derived from the Bond Issue are guaranteed with a real right
of pledge of first rank over the Shares (as defined in the Pledge Policy), concurrent with the remaining
Pledges.                                     
                         

V. That in virtue of the above, the Bank wishes to grant This Deed of Accession (hereinafter, the “Deed”) in accordance
with the following 

  
 9 

                       
                                  
                                STIPULATIONS      
          
                                         
                
 FIRST.- ACCESSION TO THE
PLEDGE POLICY. 
 By this Deed, the Bank adheres, ratifies and approves the Pledge Policy in all its contents, full content of which
declares to know, giving therefore to such bestowal full value and legal effectiveness and accepting that the obligations of payment derived from the Bond Issue are guaranteed with a real right of pledge of first range over the Shares (as defined in
Pledge Policy), concurrent with the remaining Pledges.                
                                     
    
 The Bank REQUIRES from me, the Notary, to NOTIFY this accession to WILMINGTON TRUST
(LONDON) LIMITED, with address for these purposes at Third Floor, 1 King’s Arms Yard, London, United Kingdom, EC2R 7AF (attention Sajada Afzal), in his capacity as Agent of Guarantees and I, the Notary, accept said
requirement.                            
                 
 CEMEX España, S.A., appears
in this act to the effects of being notified of this
accession.                                 

SECOND.- APPLICABLE LAW AND
JURISDICTION.                
                                    

 2.1 This Deed is subject to the Spanish common
law.                
                         

2.2 The Parties expressly submit to the jurisdiction and venue of the Courts and Tribunals of Madrid capital for all issues that may arise from
the validity, interpretation, compliance and execution of this Deed.                         

  
 10 

 PERSONAL DATA PROTECTION.- In accordance with the provisions of the General
Regulations of European Data Protection, it is informed that the personal data of the appearing party will be treated by the authorizing Notary, whose contact data are contained in this document. The data will be treated in order to perform the
duties inherent in the notarial activity and for customers’ invoicing and management, therefore, such data will be kept during the terms provided for in the applicable rules and, as the case may be, while the relationship with the interested
party may continue. 

  
 11 

 The basis for the treatment is the performance of the notary’s public duties, which
obligates that the data are provided to the Notary and would prevent his participation otherwise. The communications provided for in the Public Administrations Law (Ley a las Administraciones
Públicas) will be given and, where appropriate, to the Notary that succeeds the current one in the city. The appearing parties are entitled to request access to their personal data, rectification, cancellation, transferability
thereof and the limitation of their treatment, as well as object to it. In virtue of any possible rights infringement, a claim may be filed at the Spanish Data Protection Agency (Agencia Española de Protección
dé Datos). If data of persons other than the appearing parties are provided, they should have been previously informed thereof in accordance with the provisions of article 14 of the General Regulations of European Data
Protection (RGPD).                
                                         

Said and
granted.                
                                 

And I, the Notary, hereby CERTIFY:                
                                 

 

	 	a.-	 That I know the
parties.                                  

 

	 	b.-	 That the parties, in my opinion, have the capacity and are legitimized for the present
bestowal.                        
                 

  
 12 

	 	c.-	 That the granting suits the legality and the free and duly informed will of those
appearing.                                
                 

  

	 	d.-	 Having read this public instrument to the grantor, previously warned of their right to do it themselves, that
they have exercised, and who affirm to have been duly informed of the full content thereof, to which they give their consent, all in accordance with Article 193 of the Notarial
Regulations.                                
                 

  

	 	e.-	 That this public instrument is contained in seven folios of notarial paper, FJ series numbers: 1240017 and the
following six in order correlative, I, the Notary, certify. Following are the signatures of the parties.—Signed. ANTONIO PÉREZ-COCA CRESPO. Initialed. Seal of the Notary’s
Office.                                
                 

  
 13 

 DILIGENCE.- I,
ANTONIO PÉREZ-COCA CRESPO, Notary Public of Madrid and its Illustrious BAR, hereby issue this instrument to note that on its date, October eight two thousand and twenty, I was given the power-of-attorney, typed on a double-column format, in Spanish and English languages, whose languages I, the Notary understand, which is specially granted for
formalizing the deed purpose hereof, by Mrs. Loretta A. Lundberg and Mr. Bret Derman, as legal representatives of THE BANK OF NEW MELLON, before the Notary Public of New York, Mr. Elvin Ramos, on September fifteen, two thousand
and
twenty.                                    
      
 The power is duly apostilled pursuant to The Hague Convention. And I, the Notary, for my
knowledge of the legislation of the State of New York on this matter; for being granted before a Notary of said country; because the powers there and thus granted become effective in the same manner as in the country of origin, because the special
powers are not registered in the Commercial Register    of New York, because the Notary of New York verified the identity, legal capacity and compliance with all national formalities and because said act is valid according
to the rules of private international law, in view of the purposes of article 36 of the Mortgage Regulations (Reglamento Hipotecario) and the Third Additional Provision of Law 15/2015
(Disposición Adicional Tercera de la Ley 15/2015) concerning Voluntary Jurisdiction, I consider the principle of equivalence of forms as
fulfilled.                
                                     
                    
                 

  
 14 

 Having said power of attorney at sight, I attached it to this instrument as it forms an
integral part of it, and I hereby declare that the powers conferred therein are sufficient and enough to grant this deed of accession of
pledge.                                        
                     
 And having
nothing else to declare, I issue this instrument on this single sheet of notarial paper, I, the Notary, officially attest thereto. Signed. ANTONIO PÉREZ-COCA CRESPO. Initialed. Seal of the
Notary’s
Office.                                     
                         

DILIGENCE.- To record that I, ANTONIO PÉREZ-COCA CRESPO, on October
fifteen, two thousand and twenty, delivered it at the Post Office Branch located at office 2825494, E.O MINISTRY OF PUBLIC ADMINISTRATION, as Certificate and notice of receipt of the abovementioned certificate, and that the official in charge of the
service has provided me with the receipt whose photocopy is
attached.                                    
      
 This diligence is recorded after the deed upon which it is based, with the series FJ, number
1241703. In Madrid as of August four, two thousand and twenty. Signed. ANTONIO PÉREZ-COCA CRESPO. Initialed. Seal of the Notary’s Office.
                            
                 

DILIGENCE.- I, ANTONIO PÉREZ-COCA CRESPO, Notary of Madrid, put in
record that on December twenty-one, two thousand and twenty, the Post and Telegraph Service has not sent an acknowledgment of receipt corresponding to notification number RF212257327ES, so in order to know the
status of said delivery, I connected to the Internet through one of the computers in my office to the webpage www.correos.es, and I verified that it states: “delivered on October twenty, two thousand and twenty”. A print of said result is
attached to the main
document.                                     
         
 This diligence is recorded after the deed upon which it is based in
Madrid as of December twenty-one, two thousand and twenty, which I, the Notary, hereby certify.- Signed. ANTONIO PÉREZ-COCA CRESPO. Initialed. Seal of the
Notary’s Office. 
  
  

 
  
  

 
  

 
  

 
  

 

                       
                                         
                          ENCLOSED DOCUMENTS FOLLOWEX-4.23

 Exhibit 4.23 

EXECUTION VERSION 

DATED ____May, 2020 

CEMEX, S.A.B. de C.V. 
 as
Borrower and Obligors’ Agent 
 THE SUBSIDIARIES NAMED HEREIN as Mexican Obligors 

and 
 CITIBANK EUROPE PLC, UK
BRANCH 
 acting as Agent 
  

 
 Amendment
Agreement in relation to the 
 Facilities Agreement 

 
  

Slaughter and May 
 One Bunhill Row

 London EC1Y 8YY 
 (RWB/VJ/HXG)

 567112493 

 Contents 

 

							
	Clause	  	 	  	Page	 
	1.	  	Definitions and Interpretation	  	 	1	 
			
	2.	  	Conditions precedent	  	 	2	 
			
	3.	  	Amendment of the Facilities Agreement	  	 	3	 
			
	4.	  	Representations	  	 	3	 
			
	5.	  	Continuity and further assurance	  	 	3	 
			
	6.	  	Costs and expenses	  	 	5	 
			
	7.	  	Miscellaneous	  	 	6	 
			
	8.	  	Governing Law	  	 	6	 
		
	 Schedule 1 The Mexican Obligors
	  	 	7	 
		
	 Schedule 2 Conditions Precedent
	  	 	8	 
		
	 Schedule 3 Amendments to the Facilities Agreement
	  	 	9	 

 THIS AGREEMENT is dated ___ May, 2020 and made between: 

 

	(1)	 CEMEX, S.A.B. de C.V. (the “Borrower”); 

 

	(2)	 CEMEX, S.A.B. de C.V. as obligors’ agent pursuant to clause 34.8 (Obligor Agent) of the
Facilities Agreement in respect of each Obligor (other than itself and the Mexican Obligors) (the “Obligors’ Agent”); 

  

	(3)	 THE SUBSIDIARIES of the Borrower listed in Schedule 1 (The Mexican Obligors) as Mexican Obligors
(the “Mexican Obligors”); and 

  

	(4)	 CITIBANK EUROPE PLC, UK BRANCH as agent on behalf of the Finance Parties (the “Agent”).

 RECITALS: 
  

	(A)	 The Borrower has requested the consent of the Lenders to amend the terms of the Facilities Agreement as set out
in the consent request from the Borrower dated 23 April 2020 (as amended or supplemented from time to time, the “Consent Request”). 

  

	(B)	 The Parties have agreed to amend the terms of the Facilities Agreement (as defined below) as set out in Clause
3 (Amendment of the Facilities Agreement). These amendments have been agreed by the Majority Lenders and the Borrower in accordance with paragraph (a) of clause 38.1 (Required consents) of the Facilities Agreement.

  

	(C)	 The Agent executes this Agreement pursuant to paragraph (b) of clause 38.1 (Required consents) of
the Facilities Agreement as agent on behalf of the Finance Parties. 

  

	(D)	 The Borrower executes this Agreement (i) in its own capacity and (ii) as Obligors’ Agent
pursuant to clause 34.8 (Obligor Agent), and paragraph (c) of clause 38.1 (Required consents), of the Facilities Agreement in respect of each Obligor (other than itself and the Mexican Obligors). 

IT IS AGREED as follows: 
  

	1.	 Definitions and Interpretation 

 

	1.1	 Definitions 

In this Agreement (including the Recitals): 

“Amendment Effective Date” means the date on which the Agent confirms to the Lenders and the Borrower that it has received
each of the documents and other evidence listed in Schedule 2 (Conditions Precedent) in a form and substance satisfactory to the Agent (acting reasonably). 

“Amended Facilities Agreement” means the Facilities Agreement, as amended pursuant to Clause 3 (Amendment of the Facilities
Agreement). 

  
 1 

 “Facilities Agreement” means the facilities agreement dated 19 July
2017 between, among others, the Borrower, the financial institutions named therein as original lenders, the Agent and the Security Agent as amended and restated on 2 April 2019 pursuant to an amendment and restatement agreement dated
2 April 2019 between, among others, the Borrower, the financial institutions named therein as original lenders, the Agent and the Security Agent and as amended and restated on 4 November 2019 pursuant to an amendment and restatement
agreement dated 4 November 2019 between, among others, the Borrower and the Agent. 
 “Guarantee Obligations” means all
the guarantee and indemnity obligations of a Guarantor contained in the Facilities Agreement. 
 “Mexican Security Trustee”
has the meaning given to that term in the Intercreditor Agreement. 
  

	1.2	 Incorporation of defined terms 

 

	 	(A)	 Unless a contrary intention is stated, a term defined in the Facilities Agreement has the same meaning in this
Agreement. 

  

	 	(B)	 The principles of construction set out in the Facilities Agreement shall have effect as if set out in this
Agreement as if references in those clauses to “this Agreement” are references to this Agreement. 

  

	1.3	 Scope 

This Agreement is supplemental to and amends the Facilities Agreement. 

 

	1.4	 Clauses 

In this Agreement any reference to a “Clause” or a “Schedule” is, unless the context otherwise requires, a reference to a
clause in or a schedule to this Agreement. 
  

	1.5	 Designation 

This Agreement is designated as a Finance Document in accordance with the Facilities Agreement by each of the Borrower and the Agent. 

 

	2.	 Conditions precedent 

 

	2.1	 Conditions precedent to the Amendment Effective Date 

The Borrower shall deliver to the Agent, in form and substance satisfactory to the Agent (acting reasonably), all of the documents and other
evidence listed in Schedule 2 (Conditions Precedent). 

  
 2 

	2.2	 Confirmation of conditions precedent 

 

	 	(A)	 The Agent shall notify the Borrower and the Lenders promptly upon being so satisfied in respect of Clause 2.1
(Conditions precedent to the Amendment Effective Date). 

  

	 	(B)	 The Lenders authorise (but do not require) the Agent to give notifications pursuant to paragraph
(A) above. The Agent shall not be liable for any damages, costs or losses whatsoever as a result of giving any such notifications. 

  

	3.	 Amendment of the Facilities Agreement 

With effect from the Amendment Effective Date, the Facilities Agreement shall be amended as set out in Schedule 3 (Amendments to the
Facilities Agreement). 
 For the avoidance of doubt, with effect from the Amendment Effective Date, each reference in the Facilities
Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Facilities Agreement, and each reference in the other Finance Documents to “the Facilities Agreement”,
“thereunder”, “thereof” or words of like import referring to the Facilities Agreement, shall mean and be a reference to the Facilities Agreement as modified hereby. 

 

	4.	 Representations 

 

	 	(A)	 The Repeating Representations are deemed to be made by each Obligor to the Finance Parties (by reference to the
facts and circumstances then existing) on: 

  

	 	(i)	 the date of this Agreement; and 

 

	 	(ii)	 the Amendment Effective Date, 

and references to “this Agreement” in the Repeating Representations should be construed, on the date of this Agreement, as references
to this Agreement and to the Facilities Agreement and, on the Amendment Effective Date, the Amended Facilities Agreement. 
  

	 	(B)	 The Borrower represents and warrants that pursuant to clause 34.8 (Obligor Agent) of the Facilities
Agreement, it is agent of each Obligor (other than itself) in relation to the Finance Documents and authorised, inter alia, to execute this Agreement on behalf of each Obligor (other than itself and the Mexican Obligors) and each such Obligor shall
be bound thereby as though such Obligor itself had executed this Agreement. 

  

	5.	 Continuity and further assurance 

 

	5.1	 Continuing obligations 

The provisions of the Facilities Agreement and the other Finance Documents shall, save as amended by this Agreement, continue in full force and
effect. 
  

	5.2	 Confirmation of Guarantee Obligations 

 

	 	(A)	 For the avoidance of doubt, the Borrower (for itself and as Obligors’ Agent other than for the Mexican
Obligors) confirms for the benefit of the Finance Parties that all Guarantee Obligations owed by a Guarantor under the Amended Facilities Agreement shall remain in full force and effect notwithstanding the amendments referred to in Clause 3
(Amendment of the Facilities Agreement). 

  
 3 

	 	(B)	 For the avoidance of doubt, each Mexican Obligor to the extent that it is a Guarantor confirms for the benefit
of the Finance Parties that all Guarantee Obligations owed by it under the Amended Facilities Agreement shall remain in full force and effect notwithstanding the amendments referred to in Clause 3 (Amendment of the Facilities Agreement).

  

	5.3	 Confirmation of Security 

 

	 	(A)	 For the avoidance of doubt, the Borrower (for itself and as Obligors’ Agent other than for the Mexican
Obligors) confirms for the benefit of the Finance Parties that the Security created by the Security Providers pursuant to the Transaction Security Documents: 

  

	 	(i)	 remains in full force and effect notwithstanding the amendments referred to in Clause 3 (Amendment of the
Facilities Agreement); and 

  

	 	(ii)	 continues to secure the Secured Obligations (as defined in the Intercreditor Agreement) of the Security
Providers under the Finance Documents as amended (including, but not limited to, under the Amended Facilities Agreement). 

  

	 	(B)	 For the avoidance of doubt, each Mexican Obligor to the extent that it is a Security Provider confirms for the
benefit of the Finance Parties that the Security created by it pursuant to the Transaction Security Documents: 

  

	 	(i)	 remains in full force and effect notwithstanding the amendments referred to in Clause 3 (Amendment of the
Facilities Agreement); and 

  

	 	(ii)	 continues to secure its Secured Obligations (as defined in the Intercreditor Agreement) under the Finance
Documents as amended (including, but not limited to, under the Amended Facilities Agreement). 

  

	5.4	 Further assurance 

The Borrower and each Mexican Obligor shall, and the Borrower shall procure that each Obligor shall, at the request of the Agent and at the
Borrower’s or the relevant Obligor’s own expense, do all such acts and things necessary or desirable to give effect to the amendments effected or to be effected pursuant to this Agreement. 

 

	5.5	 Notarisation in Spain 

The Borrower shall, after receipt of written notice from the Agent specifying the relevant date (with such written notice only being capable of
being given in accordance with sub-paragraphs (A) and (B) below), appear (and ensure that CEMEX España, S.A. and each member of the Group party to this Agreement appears as well as, in respect of
any Transaction Security Document governed by Spanish law, CEMEX España, S.A., New Sunward Holding B.V. and/or 

  
 4 

 
any other member of the Group which at the time is a shareholder in CEMEX España, S.A. and provides security over its shares in accordance with the relevant Transaction Security Document
governed by Spanish law, appears) before a notary in Madrid to raise this Agreement and execute, ratify and raise any Transaction Security Document governed by Spanish law to the status of a Spanish Public Document provided that: 

 

	 	(A)	 restrictions on free movement of people imposed in Spain, Mexico and any other jurisdiction in which a
shareholder of CEMEX España, S.A. is incorporated, as a result of, arising from or related to the COVID-19 pandemic have been lifted, otherwise cease to apply in whole or in part and, taking into
account the position in relation to notarisation and apostilling processes, it has been specifically confirmed between the Borrower, the Agent and the relevant notaries that the necessary notarisation and apostilling can occur (such confirmation to
be given as soon as it is reasonably practicable to reach the conclusion that the necessary notarisation and apostilling can occur); and 

  

	 	(B)	 the relevant date specified in the notice from the Agent is no sooner than fifteen Business Days after the date
on which the Borrower, the Agent and the relevant notaries specifically confirm, pursuant to paragraph (A) above, that the necessary notarisation and apostilling can occur. 

For the avoidance of doubt, only one such notice may be given by the Agent and nothing in this Clause 5.5 shall imply any obligation on the
Borrower to ensure any Lender or the Agent or the Custodian or the Security Agent appear before such notary. 
  

	5.6	 Confirmation in Mexico 

On or before the date falling thirty Business Days after the date of this Agreement (unless otherwise agreed between the Borrower and the
Agent), the Borrower shall ensure that the Security Agent has received evidence, in form and substance satisfactory to it (acting on the instructions of the Agent): 
  

	 	(A)	 of the amendment to the Facilities Agreement; 

 

	 	(B)	 that the settlors (Fideicomitentes) party to the Mexican Security Trust, have given written notice to
the Mexican Security Trustee of the execution of this Agreement and a copy of such document including Schedule 3 (Amendments to the Facilities Agreement), and that such settlors confirm that the Amended Facilities Agreement constitutes the
Contrato de Financiamiento Aplicable (as defined in the Mexican Security Trust); and 

  

	 	(C)	 that the Mexican Security Trustee has received and accepted the notice and confirmation described in paragraph
(B) above. 

  
 5 

	6.	 Costs and expenses 

 

	 	(A)	 The Borrower must pay the Majority Consent Fee (as defined in the Consent Request) within twenty Business Days
from the Amendment Effective Date. 

  

	 	(B)	 The Borrower shall, within three Business Days of demand, reimburse (or procure the reimbursement of) the Agent
for the amount of all costs and expenses (including legal fees) reasonably incurred by the Agent in connection with the negotiation, preparation, printing and execution of this Agreement and any other documents referred to in this Agreement.

  

	7.	 Miscellaneous 

 

	7.1	 Incorporation of terms 

The provisions of clause 34 (Notices), clause 36 (Partial Invalidity), clause 37 (Remedies and Waivers) and clause
42 (Enforcement) of the Facilities Agreement shall be incorporated into this Agreement as if set out in full in this Agreement and as if references in those clauses to “this Agreement” or “the Finance Documents” are
references to this Agreement. 
  

	7.2	 Counterparts 

This Agreement may be executed in any number of counterparts, and this has the same effect as if the signatures on the counterparts were on a
single copy of this Agreement. 
  

	7.3	 Finance Documents 

The execution, delivery and effectiveness of this Agreement shall not, except as expressly provided herein, operate as a waiver of any right,
power or remedy of any Finance Party under any of the Finance Documents, nor, except as expressly provided herein, constitute a waiver or amendment of any provision of any of the Finance Documents. 

 

	8.	 Governing Law 

This Agreement, and any non-contractual obligations arising out of or in connection with it, are
governed by English law. 
 This Agreement has been entered into on the date stated at the beginning of this Agreement. 

  
 6 

 Schedule 1 

The Mexican Obligors 
  

					
	 Mexican Obligor
	  	 Registration number or equivalent
	  	 Jurisdiction

			
	CEMEX Concretos, S.A. de C.V.	  	CCO-740918-9M1	  	Mexico
			
	CEMEX Operaciones México, S.A. de C.V.	  	CDC-960913-SK6	  	Mexico
			
	CEMEX Transporte, S.A. de C.V.	  	CTR-000410-NZ3	  	Mexico

  
 7 

 Schedule 2 

Conditions Precedent 
  

	1.	 Obligors 

  

	 	(a)	 A certificate of an authorised signatory of the Borrower and each Mexican Obligor certifying that the
constitutional documents previously delivered to the Agent for the purposes of the Facilities Agreement have not been amended and remain in full force and effect or a copy of its constitutional documents (certified by a notary public or otherwise
authenticated). 

  

	 	(b)	 A copy of a power of attorney (duly notarised before a Mexican notary public) containing authority for acts of
administration and execution of negotiable instruments of the Borrower and each Mexican Obligor, approving the terms of, and the transactions contemplated by, this Agreement and resolving that the Borrower (for itself and as Obligors’ Agent for
each Obligor other than the Mexican Obligors) and each Mexican Obligor execute this Agreement and/or authorising a specified person or persons to execute this Agreement on its behalf, provided that a certificate of an authorised signatory of the
Borrower and each Mexican Obligor confirming that the relevant power of attorney a copy of which was delivered to the Agent for the purposes of the Facilities Agreement has not been amended and remains in full force and effect may be provided
instead of the power of attorney described in this paragraph. 

  

	 	(c)	 If not previously delivered to the Agent for the purposes of the Facilities Agreement, a specimen of the
signature of each person authorised by the document referred to in paragraph (b) above. 

  

	 	(d)	 A certificate of an authorised signatory of the Borrower and each Mexican Obligor: 

 

	 	(i)	 confirming that the power of attorney in favour of the Process Agent and any appointment and acceptance letter
previously delivered to the Agent for the purposes of the Facilities Agreement have not been amended and remain in full force and effect or attaching a power of attorney (duly notarised before a Mexican notary public) in favour of the Process Agent,
together with any necessary appointment and acceptance letter; and 

  

	 	(ii)	 certifying that each copy document relating to it specified in this Schedule 2 is correct, complete and in full
force and effect as at a date no earlier than the date of this Agreement. 

  

	2.	 Legal Opinions 

 

	 	(a)	 An incorporation and authority legal opinion of the in-house counsel of
the Borrower as to Mexican law, substantially in the form distributed to the Agent prior to signing this Agreement. 

  

	 	(b)	 A legal opinion of Clifford Chance, S.L.P.U., legal advisers to the Lenders as to English law, substantially in
the form distributed to the Agent prior to signing this Agreement. 

  
 8 

 Schedule 3 

Amendments to the Facilities Agreement 
  

	1.	 Financial Covenant amendments 

The tables included at Clauses 21.2(a) (Consolidated Coverage Ratio) and 21.2(b) (Consolidated Leverage Ratio) will be deleted in
their entirety and replaced with the following: 
 Clause 21.2(a) (Consolidated Coverage Ratio) 

 

					
	 	 	 Column 1
Reference Period ending
	  	 Column 2
Ratio

		 	30 June 2020	  	1.75:1
			
		 	30 September 2020	  	1.75:1
			
		 	31 December 2020	  	1.75:1
			
		 	31 March 2021	  	1.75:1
			
		 	30 June 2021	  	2.25:1
			
		 	30 September 2021	  	2.25:1
			
		 	31 December 2021	  	2.50:1
			
		 	31 March 2022	  	2.50:1
			
		 	30 June 2022	  	2.50:1
			
		 	30 September 2022	  	2.50:1
			
		 	31 December 2022 and each subsequent Reference Period	  	2.75:1

 Clause 21.2(b) (Consolidated Leverage Ratio) 

 

					
	 	 	 Column 1
Reference Period ending
	  	 Column 2
Ratio

			
		 	30 June 2020	  	6.75:1
			
		 	30 September 2020	  	7.00:1
			
		 	31 December 2020	  	7.00:1
			
		 	31 March 2021	  	7.00:1
			
		 	30 June 2021	  	6.00:1
			
		 	30 September 2021	  	5.75:1
			
		 	31 December 2021	  	5.75:1
			
		 	31 March 2022	  	5.75:1
			
		 	30 June 2022	  	5.25:1
			
		 	30 September 2022	  	5.25:1
			
		 	31 December 2022	  	4.75:1
			
		 	31 March 2023	  	4.75:1
			
		 	30 June 2023 and each subsequent Reference Period	  	4.50:1

  
 9 

	2.	 Amendments to the definition of Margin 

The wording underlined and in bold in the table below will be added to the current table set out in paragraph (b) of the definition of
Margin. The entire table is set out below for completeness. 
  

					
	 	 	 Consolidated Leverage Ratio
	  	
Margin
(per cent. per annum)

		 	Greater than or equal to 6.00:1	  	4.750
			
		 	Less than 6.00:1 but greater than or equal to 5.50:1	  	4.250
			
		 	Less than 5.50:1 but greater than or equal to 5.00:1	  	3.750
			
		 	Less than 5.00:1 but greater than or equal to 4.50:1	  	3.000
			
		 	Less than 4.50:1 but greater than or equal to 4.00:1	  	2.500
			
		 	Less than 4.00:1 but greater than or equal to 3.50:1	  	2.125
			
		 	Less than 3.50:1 but greater than or equal to 3.00:1	  	1.750
			
		 	Less than 3.00:1 but greater than or equal to 2.50:1	  	1.500
			
		 	Less than 2.50:1	  	1.250

  

	3.	 Amendments to the Capital Expenditure Provisions 

 

	 	(a)	 Clause 21.2(c)(Capital Expenditure) will be amended so that the wording underlined and in bold below is
added to the Clause: 

  

	 	“(c)	 the aggregate Capital Expenditure of the Group (other than: (i) any Caliza Expansion Capital;
(ii) any Centurion Expansion Capital; and (iii) subject to paragraph (f) below, any amount of Capital Expenditure that is funded from Relevant Proceeds (including any amount of Financial
Indebtedness incurred which corresponds with any amount of Relevant Proceeds utilised to repay Financial Indebtedness)) in respect of (i) any Financial Year up to and including the Financial Year ended 31 December 2018 shall not exceed
$1,000,000,000, and (ii) any Financial Year from and including the Financial Year ended 31 December 2019 shall not exceed $1,500,000,000 provided that the figure of $1,500,000,000 shall be replaced by the figure $1,200,000,000 until
such time as the Borrower delivers a Compliance Certificate for two consecutive completed Reference Periods for which a Compliance Certificate was required to have been delivered under this Agreement showing the Consolidated Leverage Ratio to be
equal to or less than 5.25:1.” 

  
 10 

	 	(b)	 Clause 21.2(d)(Caliza Capital Expenditure) will be amended so that the wording underlined and in bold
below is added to the Clause: 

  

	 	“(d)	 Caliza Capital Expenditure: in addition to the amount referred to in paragraph (c) above, the
Caliza Group shall be entitled to incur Capital Expenditure in an aggregate amount (when aggregated with all other amounts of Caliza Expansion Capital then incurred but, subject to paragraph (f) below,
excluding any amount of Capital Expenditure that is funded from Relevant Proceeds of the Caliza Group) not exceeding the Caliza Expansion Capital Permitted Limit over the life of the Facilities.” 

 

	 	(c)	 Clause 21.2(e)(Centurion Capital Expenditure) will be amended so that the wording underlined and in bold
below is added to the Clause: 

  

	 	“(e)	 Centurion Capital Expenditure: in addition to the amount referred to in paragraph (c) above, the
Centurion Group shall be entitled to incur Capital Expenditure in an aggregate amount (when aggregated with all other amounts of Centurion Expansion Capital then incurred but, subject to paragraph
(f) below, excluding any amount of Capital Expenditure that is funded from Relevant Proceeds of the Centurion Group) not exceeding the Centurion Expansion Capital Permitted Limit over the life of the
Facilities.” 

  

	 	(d)	 A new Clause 21.2(f) is inserted into the Facilities Agreement as follows: 

 

	 	“(f)	 Limitation on use of certain Relevant Proceeds: the provisions of paragraph (c),
paragraph (d) and paragraph (e) above that permit the Borrower to exclude any amount of Capital Expenditure that is funded from Relevant Proceeds that are Caliza Proceeds, Centurion
Proceeds, Disposal Proceeds or Permitted Put/Call Proceeds from falling within the limitations set out therein shall only apply on and from the date on which the Borrower delivers a Compliance Certificate for two consecutive completed Reference
Periods for which a Compliance Certificate was required to have been delivered under this Agreement showing the Consolidated Leverage Ratio to be equal to or less than 5.25:1.” 

 

	4.	 Amendments to flexibilities provided in Permitted Acquisitions 

Each of paragraph (l) and sub-paragraphs (i) and (ii) of paragraph (p) of the definition
of Permitted Acquisition will be amended as follows: 
  

	 	(a)	 Paragraph (l) will be amended so that the wording underlined and in bold below is added to the definition:

  

	 	“(l)	 any other acquisition of a company, of shares, securities or a business or undertaking (or, in each case, any
interest in any of them) provided that the aggregate amount of the consideration for such acquisitions does not exceed $400,000,000 (or its equivalent in any other currencies) in any Financial Year, and provided further that:

  
 11 

	 	(i)	 the figure of $400,000,000 shall be replaced by the figure $250,000,000 until such time as the Borrower
delivers a Compliance Certificate for two consecutive completed Reference Periods for which a Compliance Certificate was required to have been delivered under this Agreement showing the Consolidated Leverage Ratio to be equal to or less than 5.25:1;
and 

  

	 	(ii)	 if (x) an asset is acquired by a member of the Group pursuant to this paragraph (l); and
(y) such asset is the subject of a Disposal by the Group within 12 Months of the date of completion of its acquisition, the unutilised portion of the amount referred to above in respect of that Financial Year shall be increased by
an amount equal to the lower of (A) the amount of the consideration originally paid by the relevant member of the Group which acquired such asset and (B) the amount of the Disposal Proceeds received for such Disposal;”

 (b) The following wording underlined and in bold below will be added to the end of each of sub-paragraph (i) and (ii) of paragraph (p) of the definition of Permitted Acquisition: 

“provided that such acquisitions shall be permitted only on and from the date that the Borrower delivers a Compliance Certificate
for two consecutive completed Reference Periods for which a Compliance Certificate was required to have been delivered under this Agreement showing the Consolidated Leverage Ratio to be equal to or less than 5.25:1,” 

 

	5.	 Amendments to Permitted Share Buy-back 

The definition of Permitted Share Buy-back will be amended so that the wording underlined and in bold
below is added to the definition: 
 “”Permitted Share Buy-back” means any
acquisition or repurchase by the Borrower, directly or indirectly, of its own shares (or securities representing such shares), provided that (i) the aggregate value of all shares (or securities representing such shares) acquired
or repurchased by it pursuant to this definition does not exceed US$500,000,000 (or its equivalent) and (ii) such acquisition or repurchase will only be permitted if, at the time of such acquisition or
repurchase, the Consolidated Leverage Ratio reported in the Compliance Certificate delivered most recently prior to the date of the proposed acquisition or repurchase shows a Consolidated Leverage Ratio of 4.50:1 or less.” 

 

	6.	 Amendments to general basket for Permitted Loans 

Paragraph (j) of the definition of Permitted Loan will be amended so that the wording underlined and in bold below is added to the
definition: 
  

	 	“(j)	 any other loan(s) as long as the aggregate principal amount of the Financial Indebtedness under any such
loan(s) does not exceed $250,000,000 (or its equivalent) at any time provided that the figure of $250,000,000 shall be replaced by the figure $150,000,000 until such time as the Borrower delivers a Compliance Certificate for two consecutive
completed Reference Periods for which a Compliance Certificate was required to have been delivered under this Agreement showing the Consolidated Leverage Ratio to be equal to or less than 5.25:1.” 

  
 12 

	7.	 Updates to reflect the merger of CEMEX México, S.A. de C.V. into CEMEX(included for information only)

 Clause 22.28 (Transaction Security) will be updated as follows: 

 

	 	(a)	 Sub-paragraph (ii) of paragraph (a) which contains the words
“up to 0.1200% of the shares in CEMEX México held by a member of the Group;” shall be deleted. Sub-paragraph (iii) will be renumbered to be
sub-paragraph (ii) and the word “and” shall be included immediately prior to the number (ii). 

  

	 	(b)	 The words “(other than CEMEX México)” appearing in the last line of paragraph
(a) shall be deleted. 

  
 13 

 Signatures 
  

			
	 Borrower and Obligors’ Agent

	
	For and on behalf of CEMEX, S.A.B. de C.V. 
		
	By:	 	 /s/ Patricio Trevino Garza

		
	Name:	 	Patricio Trevino Garza
		
	Title:	 	Attorney-in-fact

  

[Signature Page to Amendment Agreement in relation to the Facilities Agreement] 

			
	The Mexican Obligors
	
	For and on behalf of CEMEX Concretos, S.A. de C.V. 
		
	By:	 	 /s/ Patricio Trevino Garza

		
	Name:	 	Patricio Trevino Garza
		
	Title:	 	Attorney-in-fact

  
 [Signature Page to
Amendment Agreement in relation to the Facilities Agreement] 

 For and on behalf of CEMEX Operaciones México, S.A. de C.V.  

			
		
	By:	 	 /s/ Patricio Trevino Garza 

		
	Name:	 	Patricio Trevino Garza
		
	Title:	 	Attorney-in-fact

  
 [Signature Page to
Amendment Agreement in relation to the Facilities Agreement] 

 For and on behalf of CEMEX Transporte, S.A. de C.V. 

 

			
		
	By:	 	 /s/ Patricio Trevino Garza 

		
	Name:	 	Patricio Trevino Garza
		
	Title:	 	Attorney-in-fact

  

[Signature Page to Amendment Agreement in relation to the Facilities Agreement] 

 Agent 
  

			
	For and on behalf of CITIBANK EUROPE PLC, UK BRANCH
		
	By:	 	 /s/ Alasdair Garnham

		
	Name:	 	Alasdair Garnham
		
	Title:	 	Vice President

  
 [Signature Page to
Amendment Agreement in relation to the Facilities Agreement]

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