Document:

exv10w46

 

EXHIBIT 10.46

Year 2008

Annual

Management Incentive

Program

(Corporate Officers Only)

USG Corporation

 

 

PURPOSE

To enhance USG Corporation’s ability to attract, motivate, reward and retain key employees of the
Corporation and its operating subsidiaries and to align management’s interests with those of the
Corporation’s stockholders by providing incentive award opportunities to managers who make a
measurable contribution to the Corporation’s business objectives.

INTRODUCTION

This Annual Management Incentive Program (the “Program”) is in effect from January 1, 2008 through
December 31, 2008.

ELIGIBILITY

Individuals eligible for participation in this Program are those officers and other key employees
occupying management positions in Broadband 11 or higher. Employees who participate in any other
annual incentive program of the Corporation or any of its subsidiaries are not eligible to
participate in this Program but could be considered for special awards.

GOALS

For the 2008 Annual Management Incentive Program, Consolidated Net Earnings and consolidated,
subsidiary and profit center Operating Focus Targets will be determined by the Compensation and
Organization Committee of the USG Board of Directors (the “Committee”) after considering
recommendations submitted from management of USG Corporation and the Operating Subsidiaries.

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AWARD VALUES

For the Annual Management Incentive Program, position target incentive values are based on level of
accountability and are expressed as a percent of approved annualized salary. Resulting award
opportunities represent a fully competitive incentive opportunity for 100% (target) achievement of
goals:

	 	 	 	 	 
	          Position Title or	 	Position Target
	          Salary Reference Point	 	Incentive
	•      Chairman & CEO, USG Corporation
	 	 	125	%
	 
	•      President & Chief Operating Officer, USG Corporation
	 	 	90	%
	 
	•      Executive Vice President & Chief Financial Officer, USG Corporation
	 	 	70	%
	•      Executive Vice President & General Counsel, USG Corporation
	 	 	 	 
	 
	•      Executive Vice President, Chief Strategy Officer and President USG International
	 	 	65	%
	 
	•      Vice President; President & CEO, L & W Supply Corp
	 	 	50	%
	•      Senior Vice President Human Resources, USG Corporation
	 	 	 	 
	•      Senior Vice President Communications, USG Corporation
	 	 	 	 
	•      Senior Vice President & Controller, USG Corporation
	 	 	 	 
	•      Vice President; President, USG Building Systems
	 	 	 	 
	•      Vice President; President USG International
	 	 	 	 
	 
	•      Vice President Supply Chain, Information Technology & Corporate Efficiency
Initiatives
	 	 	45	%
	•      Vice President and Chief Innovation Officer, USG Corporation
	 	 	 	 
	•      Vice President and Corporate Secretary & Associate General Counsel, USG Corporation
	 	 	 	 
	•      Vice President & Treasurer, USG Corporation
	 	 	 	 
	•      Vice President and Chief Information Officer, USG Corporation
	 	 	 	 
	 
	•      Salary Broadband 16 and over
	 	 	35	%
	•      Salary Broadband 15
	 	 	30	%
	•      Salary Broadband 14
	 	 	25	%
	•      Salary Broadband 13
	 	 	20	%
	•      Salary Broadband 12
	 	 	15	%
	•      Salary Broadband 11
	 	 	10	%
	 

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AWARDS

Incentive awards for all participants in the 2008 Annual Management Incentive Program will be
reviewed and approved by the Committee. For all participants, the annual incentive award par
opportunity is the annualized salary approved by March 31, 2008 that is in effect on April 1, 2008
multiplied by the applicable position target incentive value percent.

Incentive awards for 2008 will be based on a combination of the following elements:

	I.	 	CONSOLIDATED NET EARNINGS                    40% OF INCENTIVE
	 
	 	 	Consolidated Net Earnings will be as reported on the Corporation’s year-end financial statements
with adjustments for significant non-operational charges. Such adjustments will be defined by
March 31, 2008 and have in the past been for Fresh Start Accounting, asbestos, restructuring
charges, bankruptcy expenses and the cumulative impact of new accounting pronouncements. For all
participants, this portion of the award represents 40% of the incentive par. This portion of the
award will be paid from a pool funded by Consolidated Net Earnings results according to the
following schedule:

	 	 	 
	$0 to $75 Million Net Earnings

	 	2.06% of this tier will fund the pool
	$75+ to $150 Million Net Earnings

	 	1.94% of this tier will fund the pool
	$150+ to $400 Million Net Earnings

	 	1.72% of this tier will fund the pool
	$400+ to $700 Million

	 	1.22% of this tier will fund the pool

	 	 	Each tier of earnings is calculated separately and added together to determine the total pool.
This amount is then divided by the total plan par (sum of each individual participant’s Net
Earnings par, which is 40% of each participant’s total par). The factor derived from this method
is then applied to each participant’s Net Earnings par to determine the individual award for this
segment. For each corporate officer, (i) their individual Net Earnings par shall be determined by
March 31, 2008, and (ii) their individual factor shall be determined by taking into account the Net
Earnings par of all participants eligible to participate in the Program as of March 31, 2008 and
based on the sum of all such participants’ Net Earnings par as determined by March 31, 2008.
Notwithstanding the prior sentence nor any other provision in this program, each corporate
officer’s factor may be decreased, but not increased, due to changes in the total plan par after
March 31 including, but not limited to, changes triggered by the addition or removal of a
participant from the program or changes in any participant’s Net Earnings par.
	 
	II.	 	OPERATING FOCUS TARGETS:                    40% OF INCENTIVE
	 
	 	 	Operating Focus Targets will be measurable, verifiable and derived from the formal strategic
planning process. For 2008, Operating Focus Targets will generally include Total Overhead,
Customer Satisfaction, Cost Reduction, Business Unit Gross Profit and other operational priorities.
The method for calculating this portion of the award will be determined by March 31, 2007. The
award adjustment factor for this segment will range from 0.5 (after achieving a minimum threshold
performance level) to 2.0 for maximum attainment.
	 
	 	 	The weighting on any individual Operating Focus Target generally will be in 5% increments and not
be less than 10%. Officers may carry a different weighting, for example, 8%. The weighting of all
assigned Operating Focus Targets will equal 40% of the individual’s total par.

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	III.	 	INDIVIDUAL PERFORMANCE:                             20% OF INCENTIVE
	 
	 	 	Based upon individual performance results in relation to established performance goals

(utilizing My Talent Link ) reviewed by participants’ Corporate Officer/Executive Committee member.

	 	 	 
	Performance Levels	 	Payout %
	Exceeds Expectations
	 	up to 150%
	Meets Expectations
	 	up to 110%
	Needs Development/ Partially Achieved
	 	50% — 100%
	Does Not Meet expectations
	 	0%

WEIGHTINGS OF PROGRAM ELEMENTS

All participants in this Program, including the most senior executives, will have the same overall
weightings, 40% on Consolidated Net Earnings, 40% on Operating Focus Targets and 20% on Individual
Performance

SPECIAL AWARDS

In addition to the incentive opportunity provided by this Program, a special award may be
recommended for any participant or non-participant, other than a Corporation Officer, who has made
an extraordinary contribution to the Corporation’s welfare or earnings throughout the year or at
year end.

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GENERAL PROVISIONS

	1.	 	The Compensation and Organization Committee of the USG Board of Directors reserves the right
to adjust award amounts either up or down based on its assessment of the Corporation’s overall
performance relative to market conditions, provided, however, pursuant to the plan, that in no
event may the Compensation and Organization Committee adjust an award upward for any officer.
	 
	2.	 	The Committee shall review and approve the awards recommended for officers and other
employees who are eligible participants in the 2008 Annual Management Incentive Program. The
Committee shall submit to the Board of Directors, for their ratification, a report of the
awards for all eligible participants including corporate officers approved by the Committee in
accordance with the provisions of the Program.
	 
	3.	 	The Committee shall have full power to make the rules and regulations with respect to the
determination of achievement of goals and the distribution of awards. No awards will be made
until the Committee has certified financial achievements and applicable awards in writing.
	 
	4.	 	The judgement of the Committee in construing this Program or any provisions thereof, or in
making any decision hereunder, shall be final and conclusive and binding upon all employees of
the Corporation and its subsidiaries whether or not selected as beneficiaries hereunder, and
their heirs, executors, personal representatives and assignees.
	 
	5.	 	Nothing herein contained shall limit or affect in any manner or degree the normal and usual
powers of management, exercised by the officers and the Board of Directors or committees
thereof, to change the duties or the character of employment of any employee of the
Corporation or to remove the individual from the employment of the Corporation at any time,
all of which rights and powers are expressly reserved.
	 
	6.	 	The awards made to employees shall become a liability of the Corporation or the appropriate
subsidiary as of December 31, 2008 and all payments to be made hereunder will be made as soon
as practicable, but in any event before two and one half months after December 31, 2008, after
said awards have been approved by the Committee.

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ADMINISTRATIVE GUIDELINES

	1.	 	Award values will be based on annualized salary in effect on April 1, 2008 for each
qualifying participant. Any change in duties, dimensions or responsibilities of a current
position resulting in an increase or decrease in salary range reference point or market rate
will result in pro-rata incentive award. Respective reference points, target incentive values
or goals will be applied based on the actual number of full months of service at each
position.
	 
	2.	 	As provided by the Program, no award is to be paid to any participant who is not a regular
full-time employee, (or a part time employee as approved by the Senior Vice President Human
Resources, USG Corporation) in good standing at the end of the calendar year to which the
award applies. However, if an eligible participant with three (3) or more months of active
service in the Program year subsequently retires, becomes disabled, dies, is discharged from
the employment of the Company without cause, or is on an approved unpaid leave, the
participant (or beneficiary) may be recommended for an award which would otherwise be payable
based on goal achievement, prorated for the actual months of active service during the year.
	 
	3.	 	Employees participating in any other incentive or bonus program of the Corporation or a
Subsidiary who are transferred during the year to a position covered by the Annual Management
Incentive Program will be eligible to receive a potential award prorated for actual full
months of service in the two positions with the respective incentive program and target
incentive values to apply. For example, a Marketing Manager promoted to Director, Marketing
on August 1, will be eligible to receive a pro-rata award for seven months based on the
Marketing Manager Plan provisions and values, and for five months under the Annual Management
Incentive Program provisions and target incentive values.
	 
	4.	 	In the event of transfer of an employee from an assignment which does not qualify for
participation in any incentive or bonus plan to a position covered by the Annual Management
Incentive Program, the employee is eligible to participate in the Annual Management Incentive
Program with any potential award prorated for the actual months of service in the position
covered by the Program during the year. A minimum of three months of service in the eligible
position is required.
	 
	5.	 	Participation during the current Program year for individuals employed from outside the
Corporation is possible with any award to be prorated for actual full months of service in the
eligible position. A minimum of three full months of eligible service is required for award
consideration.
	 
	6.	 	Exceptions to established administrative guidelines can only be made by the Committee.

6exv10w10

 

EXHIBIT 10.10

EXECUTION COPY

 

 

AMENDMENT No. 1 and WAIVER No. 1

TO THE

CREDIT AGREEMENT

dated as of April 7, 2006

among

Kansas City Southern de México, S.A. de C.V.

(formerly known as TFM, S.A. de C.V.),

as Borrower

ARRENDADORA TFM, S.A. de C.V.,

as Guarantor

CERTAIN LENDERS,

BANK OF AMERICA, N.A.,

as Administrative Agent,

and

BBVA BANCOMER, S.A., INSTITUCIÓN DE BANCA MÚLTIPLE, GRUPO

FINANCIERO BBVA BANCOMER,

as the Collateral Agent

 

 

 

 

     THIS AMENDMENT No. 1 AND WAIVER NO. 1 TO THE CREDIT AGREEMENT,
dated as of April 7, 2006 (this “Amendment”), is entered into among Kansas City Southern de
Mexico, S.A. de C.V. (formerly known as TFM, S.A. de C.V., a corporation with variable capital
(sociedad anónima de capital variable) organized under the laws of Mexico (the “Borrower”),
Arrendadora TFM, S.A. de C.V., a corporation with variable capital (sociedad anónima de capital
variable) organized under the laws of the Mexico (“Arrendadora”), each of the lenders
that is a signatory hereto under the caption “LENDERS” on the signature pages hereto and each
other Person that becomes a “Lender” after the date hereof pursuant to Section 11.8(b) of
the Credit Agreement, as defined below (each a “Lender”), Bank of America, N.A., as the
administrative agent for the Lenders (in such capacity, together with its successors in such
capacity, the “Administrative Agent”), and BBVA
Bancomer, S.A., Institucion de Banca Múltiple,
Grupo Financiero BBVA Bancomer, as the collateral agent for the Beneficiaries (as defined in the
Credit Agreement) (in such capacity, together with its successors in such capacity, the
“Collateral Agent”).

RECITALS

     WHEREAS, the Borrower, the Guarantor, the Lenders, the Administrative Agent and the
Collateral Agent have entered into the Credit Agreement, dated as of October 24, 2005 (the “Credit
Agreement”);

     WHEREAS, the parties hereto desire to amend the Credit Agreement as set forth below, in
accordance with Section 11.3 of the Credit Agreement, subject to the conditions set forth
herein; and

     WHEREAS, the parties hereto desire to waive certain obligations of the Borrower under the
Credit Agreement, subject to the conditions set forth herein,

     NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:

     SECTION 1. Certain Defined Terms. Capitalized terms used but not otherwise defined
herein shall have the meanings ascribed to them in the Credit Agreement.

     SECTION 2. Amendments. (a) The parties hereto hereby agree that the definition of
“Indebtedness” in Section..1.1 of the Credit Agreement shall be deleted and the following
definition shall be inserted in proper alphabetical order:

“Indebtedness” shall mean, with respect to any Person at any date of determination
(without duplication):

(a) all indebtedness of such Person for borrowed money;

(b) all obligations of such Person evidenced by bonds, debentures, notes or other
similar instruments;

Amendment No. 1 and Waiver

No. 1 to the Credit Agreement

2

 

(c) all obligations, contingent or otherwise, of such Person in respect of acceptances,
letters of credit, financial guaranty insurance policies or similar instruments;

(d) all obligations of such Person for the deferred purchase price of Property or
services (other than current trade payables incurred in the ordinary course of such
Person’s business and other than the Specified Deferred Payment Obligations);

(e) all obligations of such Person as lessee under Capitalized Leases (but not
operating leases);

(f) all Guarantees of such Person in respect of obligations of the kind referred to in
clauses (a) through (e) and (h) of this definition;

(g) all Indebtedness of other Persons secured by a Lien on any Property of such Person,
whether or not such Indebtedness is assumed by such Person; provided that the amount of such
Indebtedness shall be the lesser of (i) the fair market value of such Property at such date
of determination and (ii) the amount of such Indebtedness; and

(h) to the extent not otherwise included in this definition, net obligations to make
payments under Swap Agreements.

The amount of Indebtedness of any Person at any date shall be the outstanding balance at
such date of all unconditional obligations as described above and, with respect to
contingent obligations, the maximum liability upon the occurrence of the contingency giving
rise to the obligation; provided that, in the case of clause (h) above, the amount of
Indebtedness shall be the mark-to-market amount of such obligations at such date.

(b) The parties hereto hereby agree to add the following definition in Section 1.1 of
the
Credit Agreement which shall be inserted in proper alphabetical order:

“Specified Deferred Payment Obligations” mean all payment obligations as in effect as of
April 1, 2006 with respect to: (a) the locomotive maintenance agreements with each of Alstom
Transporte, S.A. de C.V. and GETS Locomotive Services, S.A. de C.V., and (b) a track
maintenance rehabilitation agreement with Alstom Transporte, S.A, de C.V. that accrue and are
recorded on the Borrower’s balance sheet. Such payment obligations are set forth on Schedule
I to the Amendment No. 1 and Waiver No. 1 to the Credit
Agreement dated as of April 7, 2006
among Kansas City Southern de México, S.A. de C.V., Arrendadora TFM, S.A. de C.V.,
each of the lenders that is a signatory thereto, Bank of America, N.A., as the
administrative agent and BBVA Bancomer, S.A., Institútion de Banca Múltiple, Grupo
Financiero BBVA Bancomer, as the collateral agent.

(c) The parties hereto hereby agree to eliminate the minimum and the multiple borrowing thresholds
of the Tranche A2 Loans that the Borrower may request on a Borrowing Date under Section 2.
(b)(i), such that such Tranche A2 Loans may be borrowed in
any amount.

(d) The parties hereto hereby agree that Section 6.2(b) of the Credit Agreement shall
be deleted and substituted with the following:

“(b) as soon as available, and in any case within 45 days of the end of each of the
first three fiscal quarters of each year, beginning with the fiscal quarter ending on
September 30, 2005, the unaudited consolidated financial statements of the Borrower and

Amendment No. 1 and Waiver 

No. 1 to the Credit Agreement

3

 

its Consolidated Subsidiaries in respect of such fiscal quarter prepared in accordance with
GAAP, consistently applied (except as otherwise discussed in the notes to such financial
statements), which financial statements shall present fairly in accordance with GAAP
(subject to absence of footnotes), the financial condition of the Borrower and its
Consolidated Subsidiaries as at the end of the relevant fiscal quarter of each fiscal year
and the results of the operations of the Borrower and its Consolidated Subsidiaries for such
fiscal quarter; provided that for so long as the Borrower files a Form 10-Q with the
Securities and Exchange Commission, the furnishing by the Borrower to the Administrative
Agent of such Form 10-Q for each fiscal quarter of the Borrower shall satisfy the Borrower’s
obligation to provide the financial statements contemplated in this clause (b);”

     SECTION 3. Waiver. (a) The parties hereto hereby waive the reporting requirements in
Section 6.2(a) of the Credit Agreement, requiring that the Borrower shall deliver to the
Administrative Agent the information contained therein within 90 days of the end of each fiscal
year with respect to fiscal year 2005, provided that such reports shall be delivered to the
Administrative Agent by April 30, 2006.

     (b) The parties hereto hereby waive the reporting requirements in Section 6.2(b) of
the Credit Agreement, requiring that the Borrower shall deliver to the Administrative Agent within
45 days of the end of the last fiscal quarter of 2005 the reports contained therein.

     (c) The parties hereto hereby waive the reporting requirements in Section 6.2(c) of
the Credit Agreement, requiring that the Borrower shall deliver to the Administrative Agent
updated financial projections of the Borrower for the three year period commencing on January 1,
2006 by March 31,2006, provided that such projections shall be delivered to the Administrative
Agent no later than April 30,2006.

     (d) The parties hereto hereby waive the requirement in Section 6.2(d) of the Credit
Agreement with respect to the delivery of a certificate of a Responsible Officer of the Borrower
concurrently with the delivery of the financial statements pursuant to Section 6.2(a) and
(b) with respect to the end of fiscal year 2005, provided that such certificate shall be delivered
to the Administrative Agent no later than April 30,2006.

     (e) The parties hereto hereby waive compliance with the obligations of Section 7.1(c)
of the Credit Agreement for the four quarters ending December 31, 2005 if compliance therewith was
calculated without giving effect to the amendment to the definition of “Indebtedness” set forth in
Section 2(a) above, provided that the Borrower is in compliance therewith after giving
effect to such amendment.

     SECTION 4. Representations and Warranties, Each of the Borrower and each Guarantor
represents and warrants to the Administrative Agent, the Collateral Agent and the Lender that:

     (a) The representations and warranties made in the Credit Agreement are (or after giving
effect hereto will be) true and correct as if made on the date hereof,

     (b) The execution and delivery by each of the Borrower and the Guarantor of this
Amendment and the performance by it of its obligations hereunder (i) are within its corporate

Amendment No. 1 and Waiver 
No. 1 to the Credit Agreement

4

 

 

powers, (ii) have been duly authorized by all necessary corporate action and (iii) do not and will
not contravene or conflict with any provision of (A) its organizational documents, (B) any
Applicable Law, decree, judgment, award, injunction or similar legal restriction in effect, except
to the extent that any contravention thereof is not reasonably likely to have a Material Adverse
Effect or (C) any document or other contractual restriction binding upon or affecting it or any of
its Properties, except to the extent that any contravention thereof is not reasonably likely to
have a Material Adverse Effect.

     SECTION 5. Effect of Amendment. All provisions of the Credit Agreement, except as
expressly amended and modified by this Amendment, shall remain in full force and effect. After
this Amendment becomes effective, all references in any Loan Document (or any other document)
referring to the Credit Agreement shall be deemed to be references to the Credit Agreement as
amended by this Amendment. This Amendment shall not be deemed to expressly or impliedly waive,
amend or supplement any provision of the Credit Agreement other than as expressly set forth
herein.

     SECTION 6. Effectiveness. This Amendment shall become effective on the date when the
Administrative Agent shall have received counterparts of this Amendment duly executed and
delivered by each of the Borrower, the Guarantor, each Agent and the Majority Lenders and the
following documents, each in form and substance satisfactory to the Administrative Agent:

	 	(a)	 	certified copies of the Organizational Documents of the Borrower and the
Guarantor (unless such Organizational Documents have not been modified since the
Effective Date (other than the modification to the Borrower’s Organizational
Documents to change the name of TFM, SA de C.V. to Kansas City Southern de México,
S.A. de C.V., which was effective on December 2, 2005), as certified by an
authorized officer of the Borrower or the Guarantor, as applicable), and

	 	(b)	 	if required by Applicable Law, documents (including appropriate resolutions
of its shareholders or the Board of Directors or similar body) evidencing due
authorization of the execution, delivery and performance by it of this Amendment by
the Borrower and the Guarantor, or a certification from an authorized officer of the
Borrower and the Guarantor if such documents are not required by Applicable Law.

     SECTION 7. Governing Law. THIS AMENDMENT THIS AGREEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE
LAW OF THE STATE OF NEW YORK (NOT INCLUDING SUCH STATE’S CONFLICT OF LAWS PROVISIONS OTHER THAN
SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW).

     SECTION 8. Counterparts. This Amendment may be executed on any number of separate
counterparts (including by fax or electronic delivery), and all of such counterparts taken together
shall be deemed to constitute one and the same instrument.

     SECTION 9. Section Headings. The various headings of this Amendment are inserted for
convenience only and shall not affect the meaning or interpretation of this Amendment (or the
Credit Agreement).

Amendment No. 1 and Waiver 
No. 1 to the Credit Agreement

5

 

     SECTION 10. Loan Document. The parties hereto hereby acknowledge and agree that this
Amendment shall constitute a Loan Document for all purposes of the Credit Agreement and the other
Loan Documents.

     [REMAINDER OF PAGE LEFT INTENTIONALLY BLANK]

Amendment No. 1 and Waiver 
No. 1 to the Credit Agreement

6

 

 

     IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the day and
year first above written.

	 	 	 	 	 
	 	KANSAS CITY SOUTHERN DE MÉXICO, S.A. 
DE C.V.,
 as Borrower

 	 
	 	By:  	/s/ Paul J. Weyandt
 	 
	 	 	Name:  	Paul J. Weyandt 	 
	 	 	Title:  	Interim Treasurer and Authorized Representative 	 
	 
	 	 	 
	 	By:  	                                               /s/ Jay M. Nadlman
 	 
	 	 	Name:  	Jay M. Nadlman 	 
	 	 	Title:  	Corporate Secretary and Authorized Representative 	 
	 
	 	ARRENDADORA TFM, S.A. DE C.V.,
 as Guarantor

 	 
	 	By:  	/s/ Paul J. Weyandt
 	 
	 	 	Name:  	Paul J. Weyandt 	 
	 	 	Title:  	Interim Treasurer and Authorized Representative 	 
	 
	 	 	 
	 	By:  	                                               /s/ Jay M. Nadlman
 	 
	 	 	Name:  	Jay M. Nadlman 	 
	 	 	Title:  	Corporate Secretary and Authorized Representative 	 
	 

Amendment No. 1 and Waiver

No. 1 to the Credit Agreement

S-1

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.,

as Administrative Agent

 	 
	 	By:  	/s/ ROBERT RITTELMEYER
 	 
	 	 	Name:  	ROBERT RITTELMEYER 	 
	 	 	Title:  	VICE PRESIDENT 	 

Amendment No. 1 and Waiver

No. 1 to the Credit Agreement

S-2

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BBVA BANCOMER, S.A., INSTITUCIÓN DE

BANCA MÚLTIPLE, GRUPO

FINANCIERO BBVA BANCOMER,

as Collateral Agent

 	 
	 	By:  	/s/ LEONARDO SANCHEZ ESPEJEL
 	 
	 	 	Name:  	LEONARDO SANCHEZ ESPEJEL 	 
	 	 	Title:  	DIRECTOR DIVISIONAL 2
BANCO CORPORATIVA 	 
	 
	 	 	 
	 	By:  	/s/ JOAN ALBERTO VAZQUEZ CHABOLLA
 	 
	 	 	Name:  	JOAN ALBERTO VAZQUEZ CHABOLLA 	 
	 	 	Title:  	DIRECTOR DIVISIONAL 3
BANCA CORPORATIVA 	 

Amendment No. 1 and Waiver

No. 1 to the Credit Agreement

S-3

 

	 	 	 	 	 

	 	 	 	 	 
	 	LENDERS:

BBVA BANCOMER, S.A., INSTITUCIÓN DE

BANCA MÚLTIPLE, GRUPO FINANCIERO

BBVA BANCOMER, GRAND CAYMAN

BRANCH

 	 
	 	By:  	/s/ LEONARDO SANCHEZ ESPEJEL
 	 
	 	 	Name:  	LEONARDO SANCHEZ ESPEJEL 	 
	 	 	Title:  	DIRECTOR DIVISIONAL 2
BANCO CORPORATIVA 	 
	 
	 	 	 
	 	By:  	/s/ JOAN ALBERTO VAZQUEZ CHABOLLA
 	 
	 	 	Name:  	JOAN ALBERTO VAZQUEZ CHABOLLA 	 
	 	 	Title:  	DIRECTOR DIVISIONAL 3
BANCA CORPORATIVA 	 
	 
	 	Lending Office: Grand Cayman, Cayman Islands

BBVA BANCOMER, S.A., INSTITUCIÓN DE

BANCA MÚLTIPLE, GRUPO FINANCIERO

BBVA BANCOMER

 	 
	 	By:  	/s/ LEONARDO SANCHEZ ESPEJEL
 	 
	 	 	Name:  	LEONARDO SANCHEZ ESPEJEL 	 
	 	 	Title:  	DIRECTOR DIVISIONAL 2
BANCO CORPORATIVA 	 
	 
	 	 	 
	 	By:  	/s/ JUAN ALBERTO VAZQUEZ CHABOLLA
 	 
	 	 	Name:  	JUAN ALBERTO VAZQUEZ CHABOLLA 	 
	 	 	Title:  	DIRECTOR DIVISIONAL 3
BANCA CORPORATIVA 	 
	 
	 	Lending Office: Mexico City, D.F., Mexico

 	 

Amendment No. 1 and Waiver

No. 1 to the Credit Agreement

S-4

 

  

	 	 	 	 	 

	 	 	 	 	 
	 	BANK OF AMERICA. N.A.

 	 
	 	By:  	/s/ Javier Orozco Garza
 	 
	 	 	Name:  	Javier Orozco Garza 	 
	 	 	Title:  	V.P. 	 
	 
	 	Lending Office: Concord, California. United States of America

BANK OF AMERICA MEXICO. S.A.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	Lending Office: Mexico City, D.F. Mexico

 	 

Amendment No. 1 and Waiver

No. 1 to the Credit Agreement

S-5

 

	 	 	 	 	 

	 	 	 	 	 
	 	EXPORT DEVELOPMENT CANADA

 	 
	 	By:  	/s/ IAN CAMERON
 	 
	 	 	Name:  	IAN CAMERON 	 
	 	 	Title:  	ASSET MANAGEMENT 	 
	 
	 	 	 
	 	By:  	/s/ SHAUN ENRIGHT
 	 
	 	 	Name:  	SHAUN ENRIGHT 	 
	 	 	Title:  	ASSET MANAGEMENT 	 
	 
	 	Lending Office: Ottawa, Ontario, Canada

 	 

Amendment No. 1 and Waiver

No. 1 to the Credit Agreement

S-6

 

	 	 	 	 	 

	 	 	 	 	 
	 	KFW

 	 
	 	By:  	/s/ CHRISTIANE LEVERMANN
 	 
	 	 	Name:  	CHRISTIANE LEVERMANN 	 
	 	 	Title:  	FVP 	 
	 
	 	 	 
	 	By:  	/s/ Dr. Inga Conrady
 	 
	 	 	Name:  	Dr. Inga Conrady 	 
	 	 	Title:  	Vice President 	 
	 
	 	Lending Office: Frankfurt, Germany

 	 

Amendment No. 1 and Waiver

No. 1 to the Credit Agreement

S-7

 

	 	 	 	 	 

	 	 	 	 	 
	 	BANK OF MONTREAL

 	 
	 	By:  	/s/ Patrick McDonnell
 	 
	 	 	Name:  	Patrick McDonnell 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	Lending Office: Chicago, Illionis, United States of America

 	 

Amendment No. 1 and Waiver

No. 1 to the Credit Agreement

S-8

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE BANK OF NOVA SCOTIA

 	 
	 	By:  	/s/ TIM LORIMER
 	 
	 	 	Name:  	TIM LORIMER 	 
	 	 	Title:  	VP, INTERNATIONAL CORPORATE BANKING 	 
	 
	 	 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	Lending Office: New York, New York, United States of America

 	 

Amendment No. 1 and Waiver

No. 1 to the Credit Agreement

S-9

 

	 	 	 	 	 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	Lending Office: New York, New York, United States of America

 	 

Amendment No. 1 and Waiver

No. 1 to the Credit Agreement

S-10

 

	 	 	 	 	 

	 	 	 	 	 
	 	RAIFFEISEN ZENTRALBANK

OESTERREICH AG

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	Lending Office: Vienna, Austria

 	 

Amendment No. 1 and Waiver

No. 1 to the Credit Agreement

S-11

 

Schedule I

Payment Schedule for Service Agreement Indebtedness

(Amounts in millions)

Rehabilitation and track maintenance on Line N

Alstom
Transporte S.A. De C.V. 

	 	 	 	 	 
	2006
	 	$	2.5	 
	2007
	 	 	2.4	 
	2008
	 	 	2.2	 
	2009
	 	 	2.1	 
	2010
	 	 	1.9	 
	2011
	 	 	1.8	 
	2012
	 	 	1,0	 
	 
	 
	 	 	 
	 
	 	$	13.9	 
	 
	 	 	 

Locomotive and maintenance agreements

Alstom
Transporte S.A. De C.V. and

GETS Locomotive Services S.A. de C.V. 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Alstom	 	GETS	 	Total
	 	 	 
	2006
	 	$	4.5	 	 	$	3.8	 	 	$	8.3	 
	2007
	 	 	4.6	 	 	 	3.9	 	 	 	8.5	 
	2008
	 	 	4.8	 	 	 	1.7	 	 	 	6.5	 
	2009
	 	 	2.0	 	 	 	0.4	 	 	 	2.3	 
	 
	 	 	 
	 
	 	$	15.9	 	 	$	9.8	 	 	$	25.6	 
	 	 	 

Schedule I to the Amendment

No. 1 and Waiver No. 1 to the

Credit Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}]]