Document:

Amendment No. 1 to Credit Agreement

 

Exhibit 10.32

     AMENDMENT NO. 1, dated as of July 28, 2005 (this “Amendment No. 1”), to the Credit
Agreement dated as of October 26, 2004 (as amended, supplemented, amended and restated or otherwise
modified from time to time) (the “Credit Agreement”) among Technical Olympic USA,
Inc., a Delaware corporation (the “Borrower”), Citicorp North America, Inc.,
as administrative agent (in such capacity, the “Administrative Agent”) and the Requisite
Lenders listed on the signature pages hereto. Capitalized terms used and not otherwise defined
herein shall have the meanings assigned to them in the Credit Agreement.

     WHEREAS, Section 7.02(i) of the Credit Agreement limits the then cost value (defined as the
aggregate cost plus all additions minus all returns thereon in cash) of any net
cash Investments by the Borrower in, or loans or contributions to, all Unaffiliated Joint Ventures
and Unaffiliated Unrestricted Subsidiaries, to 25% of the Adjusted Consolidated Tangible Net Worth
of the Borrower and its Restricted Subsidiaries;

     WHEREAS, pursuant to Section 10.1 of the Credit Agreement, the consent of the Requisite
Lenders is required to effect this Amendment No. 1;

     NOW, THEREFORE, in consideration of the premises and covenants contained herein and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto, intending to be legally bound hereby, agree as follows:

     Section 1. Amendments.

     (a) Section 1.1: Defined Terms.

     Section 1.1 of the Credit Agreement is hereby amended by deleting the last sentence of the
definition of “Indebtedness” in its entirety and replacing it with the following:

     “Nothwithstanding the foregoing, “Indebtedness” shall not include (x) the face amount of any
undrawn Performance Letters of Credit or the amount of any obligations in respect of surety bonds
or performance bonds, in each case to the extent unmatured, (y) Indebtedness Associated with Assets
Not Owned, or (z) obligations with respect to options to purchase real property that have not been
exercised.”

     (b) Section 7.2: Investments.

     Section 7.2 of the Credit Agreement is hereby amended by deleting clause (i) thereof in its
entirety and replacing it with the following:

 

 

     "(i) net cash Investments (including letters of credit) in, contributions and loans to
Unaffiliated Joint Ventures and Unaffiliated Unrestricted Subsidiaries, the then cost value of
which shall not at any time exceed in the aggregate for all such Investments 35% of the Adjusted
Consolidated Tangible Net Worth of the Borrower and its Restricted Subsidiaries (with cost value
defined as the aggregate cost plus all additions minus all returns thereon in
cash); provided that on the date which is the eighteen month anniversary of the effective
date of Amendment No. 1 to this Agreement, (x) the foregoing percentage shall be reduced to 30% and
(y) after giving effect to clause (x), the Borrower shall be in compliance with this clause (i) on
and as of such date;”

     Section 2. Representations and Warranties. The Borrower represents and warrants to
the Lenders as of the date hereof that:

     (a) The execution and delivery of this Amendment No. 1 by the Loan Parties has been duly
authorized.

     (b) Neither the execution or delivery by the Loan Parties of this Amendment No. 1, nor
compliance by the Loan Parties with the terms and provisions hereof, (i) will contravene any
applicable provision of any law, statute, rule or regulation, or any order, writ, injunction or
decree of any court or Governmental Authority, (ii) will conflict or be inconsistent with, or
result in any breach of, any of the terms, covenants, conditions or provisions of, or constitute a
default under, the terms of any indenture, mortgage, deed of trust, loan agreement, credit
agreement or any other material agreement, contract or instrument to which it or any of its
Subsidiaries is a party or by it or any of its Subsidiaries’ property or assets is bound or to
which they or any of its Subsidiaries may be subject, or (iii) will violate any provision of its
respective certificate of incorporation or bylaws or the certificate of incorporation or bylaws (or
equivalent organizational or other charter documents) of any of its Subsidiaries.

     (c) Before and after giving effect to this Amendment No. 1, the representations and warranties
set forth in the Credit Agreement, are true and correct in all respects with the same effect as if
made on the Effective Date, except to the extent such representations and warranties expressly
relate to an earlier date.

     (d) At the time of and after giving effect to this Amendment No. 1, no Default or Event of
Default has occurred and is continuing.

     Section 3. Conditions to Effectiveness. This Amendment No. 1 shall become effective
on the date (the “Effective Date”) on which each of the following conditions is satisfied
(or waived in accordance with Section 10.1 of the Credit Agreement):

     (a) The Administrative Agent (or its counsel) shall have received from Lenders constituting
the Requisite Lenders and each of the other parties hereto either (i) a counterpart of this
Amendment No. 1 signed on behalf of such party or (ii) written evidence

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satisfactory to the Administrative Agent (which may include telecopy transmission of a signed
signature page of this Amendment No. 1) that such party has signed a counterpart of this Amendment
No. 1;

     (b) All corporate and other proceedings taken or to be taken in connection with this Amendment
No. 1 and all documents incidental thereto, whether or not referred to herein, shall be
satisfactory in form and substance to the Requisite Lenders and their counsel.

     Section 4. Expenses. The Borrower agrees to reimburse the Administrative Agent for
its out-of-pocket expenses incurred by it in connection with this Amendment No. 1, including the
reasonable fees, charges and disbursements of Cahill Gordon & Reindel llp, counsel for the
Administrative Agent.

     Section 5. Counterparts. This Amendment No. 1 may be executed in any number of
counterparts and by different parties hereto on separate counterparts, each of which when so
executed and delivered shall be deemed to be an original, but all of which when taken together
shall constitute a single instrument. Delivery of an executed counterpart of a signature page of
this Amendment No. 1 by facsimile transmission shall be effective as delivery of a manually
executed counterpart hereof.

     Section 6. Applicable Law. THIS AGREEMENT SHALL BE GOVERNED BY, CONSTRUED AND
ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

     Section 7. Headings. The headings of this Amendment No. 1 are for purposes of
reference only and shall not limit or otherwise affect the meaning hereof.

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     IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to be duly executed as
of the date first above written.

	 	 	 	 	 
	 	TECHNICAL OLYMPIC USA, INC.,

as Borrower

 	 
	 	By:  	/s/ David J. Keller
 	 
	 	 	Name:  	David J. Keller 	 
	 	 	Title:  	Chief Financial Officer 	 

-4-

 

	 	 	 	 	 

	 	 	 	 	 
	 	ENGLE HOMES DELAWARE, INC.

ENGLE HOMES RESIDENTIAL CONSTRUCTION, LLC

ENGLE/JAMES LLC

MCKAY LANDING, LLC

NEWMARK HOMES BUSINESS TRUST

NEWMARK HOMES PURCHASING, L.P.

NEWMARK HOMES, L.L.C.

NEWMARK HOMES, L.P.

PREFERRED BUILDERS REALTY, INC.

SILVERLAKE INTERESTS, L.C.

TOI, LLC

TOUSA ASSOCIATES SERVICES COMPANY

TOUSA DELAWARE, INC.

TOUSA FINANCING, INC.

TOUSA HOMES, INC.

TOUSA VENTURES, LLC,

TOUSA, LLC

TOUSA HOMES, L.P.

TOUSA INVESTMENT #1, LLC

TOUSA INVESTMENT #2, LLC

TOUSA INVESTMENT #3, LLC

TOUSA INVESTMENT #4, LLC

TOUSA INVESTMENT #5, LLC

TOUSA INVESTMENT #1, INC.

TOUSA INVESTMENT #2, INC.

TOUSA HOMES INVESTMENT #1, L.P.

TOUSA HOMES INVESTMENT #1, INC.

TOUSA HOMES INVESTMENT #2, INC.

TOUSA HOMES INVESTMENT #2, LLC

TOUSA MID-ATLANTIC INVESTMENT, LLC,

as Subsidiary Guarantors

 	 
	 	 	 
	 	 	 
	 	 	 
	 
	 	 	 
	 	By:  	                                               /s/ David J. Keller
 	 
	 	 	Name:  	David J. Keller 	 
	 	 	Title:  	Vice President 	 

-5-

 

	 	 	 	 	 

	 	 	 	 	 
	 	CITICORP NORTH AMERICA, INC.

as Administrative Agent and Lender

 	 
	 	By:  	/s/ Jeanne M. Craig
 	 
	 	 	Name:  	Jeanne M. Craig 	 
	 	 	Title:  	Vice President 	 

-6-

 

	 	 	 	 	 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as Lender

 	 
	 	By:  	/s/ Mark W. Lariviere
 	 
	 	 	Name:  	Mark W. Lariviere 	 
	 	 	Title:  	Senior Vice President 	 

-7-

 

	 	 	 	 	 

	 	 	 	 	 
	 	BRANCH BANKING AND TRUST
COMPANY, as Lender

 	 
	 	By:  	/s/
Carmen De Essaye
 	 
	 	 	Name:  	Carmen De Essaye 	 
	 	 	Title:  	Senior Vice President 	 
	 

-8-

 

	 	 	 	 	 

	 	 	 	 	 
	 	CALYON NEW YORK BRANCH, as Lender

 	 
	 	By:  	/s/ Attila Coach
 	 
	 	 	Name:  	Attila Coach 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                                               /s/ James Gibson
 	 
	 	 	Name:  	James Gibson 	 
	 	 	Title:  	Managing Director 	 

-9-

 

	 	 	 	 	 

	 	 	 	 	 
	 	COMERICA BANK, as Lender

 	 
	 	By:  	/s/ Charles Weddell
 	 
	 	 	Name:  	Charles Weddell 	 
	 	 	Title:  	Vice President 	 

-10-

 

	 	 	 	 	 

	 	 	 	 	 
	 	COMPASS BANK, AN ALABAMA BANKING 

CORPORATION, as Lender

 	 
	 	By:  	/s/ Christopher M. Reynolds
 	 
	 	 	Name:  	Christopher M. Reynolds 	 
	 	 	Title:  	Assistant Relationship Manager 	 

-11-

 

	 	 	 	 	 

	 	 	 	 	 
	 	DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Lender

 	 
	 	By:  	/s/ Brenda Carey
 	 
	 	 	Name:  	Brenda Carey 	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	                                               /s/ Stephen P. Lapham
 	 
	 	 	Name:  	Stephen P. Lapham 	 
	 	 	Title:  	Managing Director 	 

-12-

 

	 	 	 	 	 

	 	 	 	 	 
	 	GUARANTY BANK, as Lender

 	 
	 	By:  	/s/ Jenny Ray Stilwell, CPA
 	 
	 	 	Name:  	Jenny Ray Stilwell 	 
	 	 	Title:  	Vice President 	 

-13-

 

	 	 	 	 	 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, as Lender

 	 
	 	By:  	/s/ Michael P. O’Keefe
 	 
	 	 	Name:  	Michael P. O’Keefe 	 
	 	 	Title:  	 	 

-14-

 

	 	 	 	 	 

	 	 	 	 	 
	 	KEYBANK NATIONAL ASSOCIATION, as Lender

 	 
	 	By:  	/s/ Andrew D. Stickney
 	 
	 	 	Name:  	Andrew D. Stickney 	 
	 	 	Title:  	Vice President 	 

-15-

 

	 	 	 	 	 

	 	 	 	 	 
	 	NATIONAL CITY BANK, as Lender

 	 
	 	By:  	/s/ James M. Osberg
 	 
	 	 	Name:  	James M. Osberg 	 
	 	 	Title:  	Vice President 	 

-16-

 

	 	 	 	 	 

	 	 	 	 	 
	 	PNC BANK, NATIONAL ASSOCIATION, as Lender

 	 
	 	By:  	/s/ Douglas G. Paul
 	 
	 	 	Name:  	Douglas G. Paul 	 
	 	 	Title:  	Senior Vice President 	 

-17-

 

	 	 	 	 	 

	 	 	 	 	 
	 	SOVEREIGN BANK, as Lender

 	 
	 	By:  	/s/ T. Gregory Donohue
 	 
	 	 	Name:  	T. Gregory Donohue 	 
	 	 	Title:  	Senior Vice President 	 

-18-

 

	 	 	 	 	 

	 	 	 	 	 
	 	WACHOVIA BANK, N.A., as Lender

 	 
	 	By:  	/s/ Catherine L. Roess
 	 
	 	 	Name:  	Catherine L. Roess 	 
	 	 	Title:  	Vice President 	 

-19-

 

	 	 	 	 	 

	 	 	 	 	 
	 	WASHINGTON MUTUAL BANK F.A., as Lender

 	 
	 	By:  	/s/ Ann D. Brehony
 	 
	 	 	Name:  	Ann D. Brehony 	 
	 	 	Title:  	Vice President 	 
	 

-10-Ex-10.01

 

EHXIBIT 10.01

MARTIN MARIETTA MATERIALS, INC.

FORM OF OPTION AWARD AGREEMENT

     THIS OPTION AWARD AGREEMENT, made as of                     , between Martin Marietta Materials, Inc., a
North Carolina corporation (the “Corporation”), and                      (the “Employee”).

1. GRANT

     Pursuant to the Martin Marietta Materials, Inc. Amended and Restated Stock-Based Award Plan
(the “Plan”), the Corporation hereby grants the Employee the option to purchase                      shares of
Martin Marietta Materials, Inc. common stock, $0.01 par value per share (“Stock”) (the option to
purchase any one share of stock hereunder is referred to as an “Option”), subject to the terms and
conditions contained in this Award Agreement and the Plan, a copy of which is enclosed herewith and
made a part hereof with the same effect as if set forth herein. The terms “Option” and “Options”
as used in this Award Agreement refer only to the Options awarded to you under this Award
Agreement.

2. EXERCISE RIGHTS

     Subject to the Employee’s continued employment with the Corporation on the vesting date for
any installment, except as provided in Section 6 herein, the Options granted hereby shall vest and
become exercisable in installments as follows:

	 	 	 
	 

	 	Number of Shares
	Exercise Date

	 	First Exercisable (Vesting Date)

Notwithstanding the foregoing, upon the occurrence of a change in control of the Corporation as set
forth in Section 11 hereof, these Options shall become fully vested and exercisable without
limitation.

3. TRANSFERABLE ONLY UPON DEATH

     These Options shall not be assignable or transferable by the Employee except by will or the
laws of descent and distribution and shall be exercisable during the Employee’s lifetime only by
such Employee or, if legally incapacitated, by his or her guardian or authorized representative.

4. OPTION PRICE

     The per share exercise price of the Options granted hereunder is $                    , subject to adjustment
under the Plan. The exercise price must be paid in cash or its equivalent.

 

 

5. TERM

     Once an Option becomes exercisable pursuant to Section 2 herein, subject to early expiration
upon termination of employment as set forth in Section 6 below, it shall remain exercisable until,
but not including,                      (the “Expiration Date”). Any portion of this Option that is not
exercised prior to the Expiration Date shall be automatically canceled on the Expiration Date.

6. TERMINATION, RETIREMENT, DISABILITY OR DEATH

     (a) Termination

     If the Employee’s employment with the Corporation is terminated for any reason
other than Early Retirement, Normal Retirement, Disability (each, as defined below)
or death, whether by the Employee or by the Corporation, and in the latter case
whether with or without cause, then (i) Options which are not vested on the
effective date of such termination shall expire upon such termination and (ii) those
Options which are vested on the effective date of such termination shall expire
ninety (90) calendar days thereafter.

     (b) Early Retirement

     If the Employee retires from the Corporation prior to reaching age 62 but on or
after reaching age 55 under circumstances that qualify for early retirement in
accordance with the terms of the Martin Marietta Materials, Inc. Pension Plan
(“Early Retirement”), then (i) Options which are not vested on the effective date of
such Early Retirement shall expire upon such termination and (ii) those Options
which are vested on the effective date of such Early Retirement shall expire ninety
(90) calendar days thereafter; provided, however, that, the Management Development
and Compensation Committee of the Board of Directors of the Corporation (the
“Committee”) or (for persons not subject to Section 16 of the Securities Exchange
Act of 1934, as amended) the Board of Directors or the Chief Executive Officer may,
in its or his sole discretion, as applicable, determine to treat such Early
Retirement as a Normal Retirement hereunder, in which case all outstanding Options
shall remain outstanding until the Expiration Date, unaffected by such Early
Retirement, and any such unvested Options shall continue to vest pursuant to the
terms herein; provided, however, that any such determination to treat Early
Retirement as a Normal Retirement hereunder shall be made only after consideration
of the implications of such determination under Section 409A of the Internal Revenue
Code of 1986, as amended (“Section 409A”).

     (c) Normal Retirement or Disability

 

 

     If the Employee retires from the Corporation after reaching age 62 under
circumstances that qualify for normal retirement in accordance with the terms of the
Martin Marietta Materials, Inc. Pension Plan (“Normal Retirement”) or ceases active
employment with the Corporation as the result of a disability under circumstances
entitling the Employee to the commencement of benefits under a long-term disability
plan maintained by the Corporation (a “Disability”), then all outstanding Options
shall remain outstanding until the Expiration Date, unaffected by such Normal
Retirement or Disability and any such unvested Options shall continue to vest
pursuant to the terms herein.

     (d) Death

     If the Employee dies, without regard to whether the Employee was at the time of
death still in the employ of the Corporation, then all outstanding unvested Options
shall immediately become fully vested and exercisable. Following the death of the
Employee, all outstanding Options shall expire one (1) year following the date of
the Employee’s death. In such event, the Options may be exercised by the authorized
representative of the Employee’s estate.

7. LIMITATIONS ON EXERCISE

     Notwithstanding any other provisions herein, no Option may be exercised under any
circumstances on or after the Expiration Date. In addition, the Options granted hereunder must be
exercised in increments of 100 unless fewer than 100 Options remain exercisable in this specific
option grant.

8. MANNER OF EXERCISE

     These Options may be exercised, in whole or in part, by delivery of a written notice of
exercise to the Corporation, in a form satisfactory to the Committee, specifying the number of
shares as to which the Options are being exercised, subject to the limitation in Section 7 hereof.
Full payment of the exercise price for the Options that are being exercised must accompany the
notice of exercise. Payment accompanying the notice of exercise must be made in cash or its
equivalent (including personal check).

9. EMPLOYEE’S REPRESENTATION

     The Employee acknowledges that the obligation of the Corporation to deliver Stock or otherwise
consummate the exercise of any Option upon the delivery of a written notice of exercise is subject
to all applicable laws, rules, and regulations, and to such approvals by governmental agencies as
may be required. Notwithstanding any terms or conditions herein to the contrary, the Corporation
shall be under no obligation to offer to sell or to sell and shall be prohibited from offering to
sell or selling any shares of Stock pursuant to the exercise of any Option hereunder unless such
shares have been properly registered for sale pursuant to the Securities Exchange Act of 1933, as
amended (the “Securities Act”), with the Securities and

 

 

Exchange Commission or unless the Corporation has received the advice of counsel, satisfactory to
the Corporation, that such shares may be offered or sold without such registration pursuant to an
available exemption therefrom and the terms and conditions of such exemption have been fully
complied with. The Company shall be under no obligation to register for sale or resale under the
Securities Act any of the shares of Stock to be offered or sold hereunder. If the shares of Stock
offered for sale or sold hereunder are offered or sold pursuant to an exemption from registration
under the Securities Act, the Corporation may restrict the transfer of such shares and may legend
the Stock certificates representing such shares in such manner as it deems advisable to ensure the
availability of any such exemption. The Employee or other person exercising these Options may be
required to make such representations, enter into such agreements and undertakings, including but
not limited to execution of stock powers, and furnish such information and other documents as the
Corporation may consider appropriate and in compliance with applicable law.

10. TAX WITHHOLDING

     At the time of exercise, the Corporation will withhold applicable taxes as required by law.
The Employee must pay the withholding tax in cash at the time of exercise, or, subject to the
continuing approval of the Committee, may elect to have shares applied to satisfy the withholding
obligation. If the Employee is an Insider, the Employee’s ability to elect to satisfy his/her
withholding obligations by applying shares may be limited by the federal securities laws. To the
extent that cash is not timely tendered, the Employee will be deemed to have elected to pay the
withholding tax in Stock. If the Employee is an Insider, in situations where the federal
securities laws limit the Employee’s ability to elect such treatment, having such treatment deemed
to occur may have adverse consequences. Stock tendered in satisfaction of the withholding
obligation will be valued at the Fair Market Value determined by the closing price as of the most
recent closing prior to exercise as such closing price is reported in the Wall Street Journal.
Withholding will be at the minimum rate prescribed by law; therefore, the Employee may owe
additional taxes as a result of the exercise of an Option. An Employee who is paying the
withholding tax in cash may pay the withholding at greater than the minimum rate. An Employee who
elects to have shares applied to satisfy the withholding obligation may not request tax to be
withheld at greater than the minimum rate.

11. CHANGE IN CONTROL

     In the event of a change in control of the Corporation, as defined in Section 11 of the Plan,
then the vesting date of all outstanding Options shall be accelerated so as to cause all
outstanding Options to be exercisable.

12. AMENDMENT AND TERMINATION OF PLAN OR AWARDS

     As provided in Section 8 of the Plan, subject to certain limitations contained within Section
8, the Board of Directors may at any time amend, suspend or discontinue the Plan and the

 

 

Committee may at any time alter or amend all Award Agreements under the Plan. Notwithstanding
Section 8 of the Plan, no such amendment, suspension or discontinuance of the Plan or alteration or
amendment of this Award Agreement shall, except with your express written consent, adversely affect
any Option granted under this Award Agreement; provided, however, that the Board of Directors or
the Committee may amend the Plan or this Award Agreement to the extent it deems appropriate to
cause this Agreement or the Options hereunder to comply with Section 409A (including the
distribution requirements thereunder) or be exempt from Section 409A or the tax penalty under
Section 409A(a)(1)(B).

13. EXECUTION OF AWARD AGREEMENT

     No Option granted under this Award Agreement is exercisable nor is this Award Agreement
enforceable until this Award Agreement has been fully executed by this Corporation and the
Employee. By executing this Award Agreement, the Employee shall be deemed to have accepted and
consented to any action taken under the Plan by the Committee, the Board of Directors or their
delegates.

14. MISCELLANEOUS

	 	(a)	 	For the purpose of calculating the expiration date of Options granted under
this Award Agreement, all Options will be deemed to expire at 4:30 p.m. Eastern Time on
the day of expiration. Further, if the day an Option would otherwise expire is not a
business day then such Options will be deemed to expire at 4:30 p.m. Eastern Time on
the next succeeding business day. For this purpose, the term business day shall be
deemed to mean a day upon which the Corporation is conducting business.

	 	(b)	 	If the Employee is on an approved on leave of absence, he or she will be
considered as still in the employ of the Corporation unless otherwise provided in an
agreement between the Employee and the Corporation.

	 	(c)	 	Nothing contained in this Award Agreement or in any Option granted hereunder
shall confer upon the Employee any right of continued employment by the Corporation,
expressed or implied, nor limit in any way the right of the Corporation to terminate
the Employee’s employment at any time.

	 	(d)	 	The Employee or the person or persons to whom the Employee’s rights under this
Option shall have passed by will or by the laws of descent and distribution, as the
case may be, shall have no rights as a shareholder with respect to any securities
covered by this Award Agreement until the date the Employee becomes the holder of
record.

	 	(e)	 	Except as provided under Section 6(d) herein or as otherwise provided or
allowed in the Plan, neither these Options nor any of the rights or obligations
hereunder shall be assigned or delegated by either party hereto.

 

 

15. NOTICES

     Notices and all other communications provided for in this Award Agreement shall be in writing
and shall be deemed to have been duly given when personally delivered or when mailed by United
States overnight mail, postage prepaid, addressed as follows:

     If to the Employee, to the address set forth in the first paragraph in this Award Agreement.

     If to the Corporation, to:

Martin Marietta Materials, Inc.

2710 Wycliff Road

Raleigh, North Carolina 27607

     Attn: Corporate Secretary

or to such other address or such other person as the Employee or the Corporation shall designate in
writing in accordance with this Section 15, except that notices regarding changes in notices shall
be effective only upon receipt.

16. GOVERNING LAW

     This Award Agreement shall be governed by the laws of the State of North Carolina.

     IN WITNESS WHEREOF, the Corporation has caused this Award Agreement to be executed and the
Employee has hereunto set his hand as of the day and year first above written.

	 	 	 	 	 
	 	 	Martin Marietta Materials, Inc.
	 

	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Corporate Secretary
	 

	 	 	 	 
	 

	 	Employee	 
	 

	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	Employee’s Signature

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