Document:

EX-10.1

 EXHIBIT 10.1 
 ASSET ADVISORY AGREEMENT 
 CONTINENTAL BUILDING PRODUCTS LLC 

THIS ASSET ADVISORY AGREEMENT (“Agreement”) is made effective as of August 30, 2013, by and between HUDSON AMERICAS LLC, a
Delaware limited liability company (“Manager”), and CONTINENTAL BUILDING PRODUCTS LLC, a Delaware limited liability company (“Owner,” and, together with Manager, the “Parties”), and joined herein by LONE STAR FUND VIII
(U.S.), L.P., a Delaware limited partnership (the “Fund”), for the limited purposes set forth in Section 7(a) below. 
 RECITALS 
 WHEREAS, Owner and/or certain of its subsidiaries have acquired certain
assets (Owner, such entities, and all of their assets are collectively referred to herein as the “Assets”); and 

WHEREAS, Owner desires that Manager undertake the asset management of the Assets, as provided herein, and Manager desires to undertake
such management. 
 AGREEMENT 
 NOW THEREFORE, in consideration of the mutual promises contained herein and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:

  

	1.	 	Manager Services. Manager shall provide operating company oversight functions for Owner in connection with the Assets, which services (the “Manager
Services”) may include, but shall not be limited to, the following: 

  

	 	(a)	 	Manager shall be responsible for the day-to-day communication and coordination with any personnel or other service providers hired by Owner or its subsidiaries with
respect to the Assets. Manager shall provide the other management services as are set forth in this Agreement; however, notwithstanding anything in this Agreement to the contrary, Owner shall retain the sole right to approve or change the budget for
the operation of the Assets, to approve any transactions with respect to the Assets, and to hire and fire the personnel and other service providers for the Assets. 

 

	 	(b)	 	Manager shall assist and advise Owner with respect to the Long Term Plan (as hereafter defined). For purposes hereof, “Long Term Plan” means the Long Term
Plan developed or adopted by Owner with respect to the Assets, as may be amended from time to time. 

  

	 	(c)	 	Manager shall, subject to the availability of sufficient funds, work diligently to implement the Long Term Plan and shall have the authority (together with the
obligation and responsibility) to manage the Assets in accordance with such Long Term Plan. Any specific action or cost enumerated in any Long Term Plan may be implemented and consummated by Manager for Owner without further approval or
participation of Owner; however Owner retains the right to change the Long Term Plan at any time. 

	 	(d)	 	Notwithstanding anything to the contrary herein, if, in order to preserve the rights of Owner with respect to the Assets, certain action not authorized pursuant to the
Long Term Plan or the terms of this Agreement that would otherwise require the approval of Owner must be immediately taken in response to an emergency matter concerning the Assets (“Emergency Matter”) in order to protect Owner’s
interest therein, then Manager shall be authorized to take such actions as it deems necessary or appropriate to so protect the interests of Owner. Manager shall promptly notify Owner of the action taken and the circumstances giving rise to such
action (including the reason for the requirement for immediate action). Any such action or expenditure relating to an Emergency Matter that may be consummated by Manager shall be deemed approved by Owner. Manager shall obtain and maintain on behalf
of Owner all licenses, permits, certificates, consents, and other approvals required with respect to the Assets (collectively, “Licenses’’). Manager shall provide Owner with copies of all completed initial or renewal License
applications for approval, not less than thirty (30) days prior to the date such applications are due. All Licenses shall be obtained in the Owner’s name whenever possible. Any Licenses obtained in the name of Manager shall be held on
behalf of Owner, and, upon termination of this Agreement, Manager shall transfer or assign all such Licenses to such person as the Owner may direct at no cost, to the extent permitted by applicable law. 

 

	 	(e)	 	Manager shall not be required to devote its full time and attention to the management of the Assets, but only such time as is reasonably necessary for the proper
conduct of its duties under this Agreement. 

  

	2.	 	Consultation and Communication; Reports. 

  

	 	(a)	 	Manager’s management personnel shall be available at the reasonable request of Owner for consultation and shall provide Owner with all information pertaining to
the Assets and Manager’s services related thereto as is reasonably requested and as Manager can reasonably provide. 

  

	 	(b)	 	Owner and Manager shall, upon Owner’s request (such request to be made by written notice to Manager, setting forth the time, date, and location of such meeting),
meet (or hold a telephone conference call) to discuss the progress of, and proposals, strategy, operation, and administrative matters relating to, the Assets, and to review actual operating results in relation to the projections set forth in the
Long Term Plan. For any of the foregoing meetings that require Manager’s representatives to travel, Owner shall pay all travel, lodging, food and other expenses of such representatives incurred in traveling to, staying at, and returning from
the location of any such meeting. 

  

	 	(c)	 	Manager shall prepare and submit to Owner, by no later than the twenty-fifth (25th) day of each month, regular monthly reports for the prior month of its
activities on behalf of Owner for examination and review by Owner, which reports shall be in form and substance reasonably satisfactory to Owner. 

  

	3.	 	Duty of Care. Manager shall carry out its obligations hereunder in accordance with such asset management standards as are customarily employed by similar asset
managers managing comparable portfolios for others under similar terms and conditions. 

  

	4.	 	Expenses. All expenses incurred by Manager on behalf of Owner hereunder shall be paid by Owner, in strict accordance with the applicable Long Term Plan, or as
otherwise approved by Owner. In no event shall Manager be obligated to pay any expenses related to the Assets. If Manager, in its sole discretion, shall elect to pay any expenses, Owner shall reimburse Manager as set forth in the applicable Long
Term Plan. 

  
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	5.	 	Ancillary Services; Payment for Services. 

  

	 	(a)	 	Manager may, but is not required to, perform certain additional services on behalf of Owner, including, without limitation, the following: financial accounting and
reporting; tax accounting, preparation and reporting; treasury, including, but not limited to, acting as a cash agent; risk management; legal and compliance; record keeping; and operating company oversight (“Ancillary Services”). Such
Ancillary Services shall be performed in a commercially reasonable manner and on a competitive basis. 

  

	 	(b)	 	Manager Services and Ancillary Services will be charged at 110% of Manager’s costs thereof or at 110% of the hourly billing rates of individuals performing such
services using actual time incurred, as applicable. Owner agrees to pay Manager promptly upon receipt of each invoice or other request for payment submitted by Manager for Manager Services and Ancillary Services rendered, and for expenses incurred
as provided in this Agreement 

  

	6.	 	[INTENTIONALLY RESERVED] 

  

	7.	 	Term; Termination. 

  

	 	(a)	 	This Agreement shall be effective as of the date first above written. This Agreement shall be terminable by Manager or Owner and/or the Fund upon thirty
(30) days’ notice from one to the others for any reason or no reason whatsoever. 

  

	 	(b)	 	Upon expiration or termination of this Agreement for any reason, (i) Manager shall deliver to Owner, or its nominee (A) all books, documents, records,
materials, supplies, and funds in its possession belonging to Owner or received by Manager pursuant to the terms of this Agreement and (B) a statement of expenses incurred by, and other amounts payable to, Manager pursuant to this Agreement as
of the date of termination, and (ii) not later than fifteen (15) days following the date of termination, Owner shall pay to Manager in full all amounts due Manager as of such date of termination. 

 

	 	(c)	 	Termination of this Agreement shall not release Manager or Owner, as the case may be, from liability for failure to perform any of the duties or obligations of Manager
or Owner, as the case may be, under this Agreement that have accrued as of the date termination. 

  

	8.	 	Confidentiality. Each Party shall maintain in confidence the facts and terms of this Agreement and all other information received from the other Party that is
identified in writing at the time of delivery as being confidential; provided, however, that each Party may disclose such information (a) to its and its affiliates’ directors, officers, employees, or agents (it being understood that they
shall be informed by such Party of the confidential nature of such information and that such Party shall cause them to treat such information confidentially); (b) if required to do so by applicable laws, rules, regulations, or orders;
(c) if such information becomes part of the public domain; or (d) if such information otherwise was or becomes available to such Party on a non-confidential basis, provided that the source of such information was not known by such Party to
be bound by a confidentiality obligation. 

  

	9.	 	Representations and Warranties. Each Party represents and warrants to the other that, as of the date hereof: 

 

	 	(a)	 	It is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation. It has all requisite power and authority to enter into
and to perform its obligations under this Agreement. 

  
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	 	(b)	 	Its execution, delivery, and performance of this Agreement have been duly authorized and do not and will not (i) violate any law, rule, regulation, order, or
decree applicable to it or (ii) violate its organizational documents. 

  

	 	(c)	 	This Agreement is a legal and binding obligation, enforceable against it in accordance with its terms, except to the extent enforceability is modified by bankruptcy,
reorganization, and other similar laws affecting the rights of creditors generally and by general principles of equity. 

  

	 	(d)	 	There is no litigation pending or, to the best of its knowledge, threatened to which it is a party that, if adversely determined, would have material adverse effect on
the transactions contemplated in this Agreement or its financial condition, prospects, or business. 

  

	10.	 	No Assignment. Neither Party may assign any of its rights, duties or obligations under this Agreement without the prior written consent of the other Party.

  

	11.	 	Governing Law; Dispute Resolution. 

  

	 	(a)	 	This Agreement shall be governed by and construed in accordance with the laws of the State of Texas. 

 

	 	(b)	 	The Parties shall attempt in good faith to resolve any dispute or difference of any kind whatsoever between the Parties or any of their affiliates arising out of or in
connection with or in relation to this Agreement, including any claims arising out of or relating to this Agreement, whether in contract, tort, statutory, or otherwise, and including any claims regarding the existence, scope, validity, breach, or
termination of this Agreement (each, a “Dispute”), by mutual agreement. 

  

	 	(c)	 	If any Dispute cannot be resolved by mutual agreement, the Dispute shall be finally settled by arbitration pursuant to the procedures set forth in this Section 11.

  

	 	(d)	 	The arbitral tribunal (the “Tribunal”’) shall be composed of three (3) arbitrators. Manager and Owner shall each appoint an arbitrator within thirty
(30) days of the date of a request to initiate arbitration, and the two (2) appointed arbitrators shall then jointly appoint a third arbitrator within thirty (30) days of the appointment of the second arbitrator, to act as chairman of
the Tribunal. Arbitrators not appointed within the time limits set forth in the preceding sentence shall be appointed by the American Arbitration Association at the request of either Owner or Manager. 

 

	 	(e)	 	The arbitration shall be conducted in accordance with the then-existing Rules of Arbitration (the “Rules”) of the American Arbitration Association. The
arbitration shall take place in Dallas, Texas and be conducted in the English language. The Tribunal shall apply the substantive law of Texas (exclusive of choice of law principles) in resolving the Dispute. Issues relating to the conduct of the
arbitration and enforcement of any award shall be governed by the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention) and, to the extent applicable, the Federal Arbitration Act, 9 U.S.C. §§ 1-16.
The American Arbitration Association shall not serve as administrator of the arbitration; its sole function shall be to appoint arbitrators not appointed within the time limits as set forth in Section 11(d). 

  
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	 	(f)	 	Any monetary award shall be in United States dollars. The award of the Tribunal shall be kept confidential, and no Party shall disclose the award or the substance of
the award or any portion thereof to any other person or entity, except to the extent necessary to comply with any applicable law, regulation, or order of any court, agency, or regulatory authority, or to make appropriate filings with any stock
exchange or in court proceedings relating to any application concerning the award that is made by any party; provided, however, that the award may be disclosed to any affiliate, shareholder, member, or lender of any Party to the arbitration if such
affiliate, shareholder, member, or lender agrees to maintain the confidentiality of the award to the extent required by this Section 11 

  

	 	(f).	 	The arbitrator shall not have the authority to award punitive, special, exemplary, incidental, indirect, or consequential damages, regardless of whether a claim is
based on contract, tort (including negligence), strict liability, violation of any applicable deceptive trade practices act or similar law, or any other legal or equitable principle. 

 

	 	(g)	 	The award rendered and any arbitration commenced hereunder shall be final and binding upon the Parties, and a judgment thereon may be entered in any court having
jurisdiction for its enforcement 

  

	 	(h)	 	The obligation to arbitrate under this Section 11 is binding on the Parties and their affiliates, successors, and assigns. For purposes of appointing arbitrators,
any Party and its affiliates, successors, and assigns shall jointly appoint such Party’s arbitrator. Each Party agrees that, failing mutual agreement In accordance with Section 11(b), arbitration under this Section 11 is the exclusive
method for resolving any Dispute and that such Party and its affiliates will not commence any action or proceeding concerning a Dispute, except to enforce the award or to compel arbitration. 

 

	12.	 	No Partnership or General Agency. The relationship between the Parties is that of independent contractors solely as set forth herein, and each Party shall be
responsible only for its obligations as set forth herein. It is not the intention of the Parties to render the Parties liable as partners, associates, or joint venturers or to create a partnership, joint venture or other association. The liability
of the Parties hereunder to third parties shall be several and not joint or collective. Except as specifically otherwise provided herein or agreed in writing, Manager (i) is not an agent or representative of Owner and (ii) shall not have,
and shall not represent itself as having or allow any of its employees, officers, directors, agents, or representatives to represent that it or any of them has, any authority to commit Owner by negotiation or otherwise to any contract, agreement.,
or other legal commitment in the name of, or otherwise binding on, Owner, or to pledge or extend its credit. Notwithstanding the above, Owner authorizes and appoints Manager, or any of its affiliates, to act as servicer of any Asset owned by Owner,
and authorizes Manager, or such affiliate, to perform, in accordance with any applicable Plan, such services and functions, including entering into negotiations with any third-party borrower, lender, or agent, as may be desirable to be performed in
connection with the resolution or settlement of any such asset. 

  

	13.	 	Employees and Independent Contractors. Manager shall be responsible for its employees and shall use reasonable care in selecting and supervising independent
contractors. All matters pertaining to the employment, supervision, compensation, promotion, and discharge of Manager’s employees are the responsibility of Manager, and Manager shall be liable to such employees for their compensation (in
whatever form or amount such compensation may be). Owner shall never be the employer of such employees, nor shall Owner ever be directly responsible for their compensation. Manager shall comply with all applicable laws and regulations relating to
workmen’s compensation, social security, unemployment insurance, hours of labor, wages, working conditions, and other employer-employee related matters. Manager shall be responsible for negotiating the terms of contracts with and overseeing the
performance of contractors. 

  
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	14.	 	Compliance with Laws. Manager shall comply with all applicable laws, including but not limited to the U.S. Foreign Corrupt Practices Act, in connection with this
Agreement. Without limiting the foregoing, Manager agrees not to pay or promise to pay or give or promise to give anything of value, either directly or indirectly, to any person for the purpose of illegally or improperly inducing that person to take
any action or to omit to take any action in connection with this Agreement. Manager warrants and represents to Owner that, prior to the execution of this Agreement; it has not taken or omitted to take any action with respect to this Agreement if
such act or omission would have violated the U.S. Foreign Corrupt Practices Act. 

  

	15.	 	No Consequential Damages. Under no circumstances, whether based on contract, warranty, negligence, strict liability, or otherwise, shall either Party be liable
for any consequential, indirect, incidental; or punitive damages of any kind or character, including, but not limited to, loss of profits or revenues, loss of product, loss of use, cost of capital, and the like, arising out of or related to any
performance under or breach of this Agreement The Parties specifically acknowledge that the benefits each Party contemplates deriving from the provisions of this Agreement reflect such allocation of risk and limitation of liabilities.

  

	16.	 	Exculpation. Manager and each of its shareholders, consultants, agents, members, officers, directors, partners, and employees (collectively, “Covered
Persons”) shall not be liable for any losses, claims, damages, or liabilities arising from any act performed or omitted by any Covered Person in connection with this Agreement, except any such losses, claims, damages, or liabilities that are
caused by the fraud, gross negligence, or willful misconduct of such Covered Person. 

  

	17.	 	Indemnification. 

  

	 	(a)	 	Owner, to the fullest extent permitted by law, shall indemnify, defend, and hold harmless each Covered Person from and against any and all losses, claims, damages, or
liabilities of any nature whatsoever, including legal fees and other expenses reasonably incurred, arising out of or in connection with the management and disposition of the Assets, any duty of Manager hereunder, or any action taken or omitted by
any such Covered Person by or on behalf of Owner pursuant to authority granted by this Agreement, even if any such losses, claims, damages, or liabilities arc caused in whole or in part by the negligence of such Covered Person. This indemnification
does not apply to the extent any such losses, claims, damages, or liabilities are caused by the fraud, gross negligence. or willful misconduct of any Covered Person. In the event that any Covered Person becomes involved in any capacity in any suit,
action, proceeding, or investigation in connection with any matter arising out of or in connection with the management and disposition of the Assets, any duty of Manager hereunder, or any action taken or omitted by such Covered Person pursuant to
authority granted by this Agreement, Owner shall, within twenty (20) days after submission of a request for reimbursement, reimburse such Covered Person for its reasonable legal and other expenses (including the cost of any investigation and
preparation) incurred in connection therewith. 

  

	 	(b)	 	Promptly after a Covered Person receives notice of the commencement of any action or other proceeding in respect of which indemnification may be sought hereunder, such
Covered Person shall notify Owner thereof; provided, that the failure to do so shall not relieve Owner from any obligation hereunder unless, and only to the extent that, such failure results in Owner’s forfeiture of substantive rights or
defenses. 

  
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	18.	 	Further Assurances. Each Party agrees to execute and deliver such additional documents and to take such additional actions as may be necessary or appropriate to
effect the provisions of this Agreement and all transactions contemplated hereby. 

  

	19.	 	Entire Agreement. This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior written
or oral understandings or agreements between the Parties. 

  

	20.	 	Third-Party Beneficiaries. This Agreement is solely for the benefit of the Parties and, with respect to Sections 16 and 17, the Covered Persons, and their
respective successors and assigns, and this Agreement shall not otherwise be deemed to confer upon or give to any other third party any remedy, claim, liability, reimbursement, cause of action, or other right. 

 

	21.	 	Severability. If any provision of this Agreement is prohibited by applicable law, the Parties shall amend such provision to the extent (and only to the extent)
necessary to comply with such law. Subject to the preceding sentence, if any provision of this Agreement or the application thereof to either Party or circumstance shall be held invalid or unenforceable to any extent, the remainder of this Agreement
and the application of such provision to other parties or circumstances shall not be affected thereby and shall be enforced to the greatest extent permitted by law. 

 

	22.	 	Notices. All notices, requests, and demands to or upon the respective Parties and the Fund hereto shall be effective in writing (including by facsimile, telex,
or cable communication) and shall be deemed to have been duly given or made when delivered by hand, in the case of facsimile, telex, or cable communication upon being sent (provided that, in the case of facsimile and telex communications, electronic
confirmation of delivery of such communication is received by the Party upon sending such communication), two (2) days after having been deposited with a reputable international overnight courier service, or, if sent within the United States,
three (3) days after being deposited in the United States mail, certified or registered, postage prepaid. Notices shall be sent to the following addresses or such other address as may be substituted by giving the other Party and the Fund, as
applicable, not fewer than five (5) days’ advance written notice of such change of address: 

 If to
Owner, to: 
 CONTINENTAL BUILDING PRODUCTS LLC 
 2711 N. Haskell, Suite 1700 
 Dallas, Texas, 75204 

Attention: President 
 Fax: (214) 754-8301 
 If to Manager to: 

HUDSON AMERICAS LLC 
 2711 N. Haskell, Suite 1800 
 Dallas, Texas, 75204 

Attention: President 
 Fax: (214) 754-8301 

  
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 If to the Fund: 
 Lone Star Fund VIII (U.S.), L.P. 
 2711 N. Haskell, Suite 1700 

Dallas, Texas 75204 
 Attention: General Partner 
 Fax: 214-754-8301 

 

	23.	 	Amendment. An amendment or modification of this Agreement shall be effective or binding on a Party only if it is in writing and signed by that Party.

  

	24.	 	Survival. Any provision that, by its nature, is intended to survive the termination of this Agreement shall survive such termination. 

 

	25.	 	Waiver. Any waiver, express or implied, by a Party of any right under this Agreement or of any breach by the other Party shall not constitute or be deemed a
waiver of any other right or any other breach, whether of a similar or dissimilar nature to the right or breach being waived. A waiver of a Party’s rights under this Agreement, including with respect to another party’s breach, shall be
effective only if that Party agrees in writing. 

  

	26.	 	Heading. The headings contained in this Agreement is for convenience only and shall not affect the construction or interpretation of any provisions of this
Agreement 

  

	27.	 	Binding Effect. Subject to the restrictions on assignment set forth in this Agreement, this Agreement shall inure to the benefit of and be binding upon the
undersigned Parties and their respective legal representatives, successors, and permitted assigns. Whenever this Agreement refers to any Party, such reference shall be deemed to include the legal representatives, successors, and permitted assigns of
such Party. 

  

	28.	 	Intention of Parties to Act Reasonably. Owner and Manager hereby acknowledge and agree that they will act reasonably in implementing the provisions of this
Agreement and in the management and disposition of the Assets. 

  

	29.	 	Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which shall constitute but one
agreement. 

 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
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 IN WITNESS WHEREOF, the Parties have caused their duly authorized representatives to execute
and deliver this Agreement effective as of the Effective Date. 
  

			
	 HUDSON AMERICAS LLC,

a Delaware limited liability company

		
	By:	 	/s/ Tara Dubois
	Name:	 	Tara Dubois
	Title:	 	Director

  

			
	 CONTINENTAL BUILDING PRODUCTS LLC,

a Delaware limited liability company

		
	By:	 	/s/ Kyle Volluz
	Name:	 	Kyle Volluz
	Title:	 	 Vice President

  

			
	LONE STAR FUND VIII (U.S.), L.P., a Delaware limited partnership, hereby joins in the execution of this Agreement to evidence its agreement to the provisions of
Section 7(a) hereof.
	
	 LONE STAR FUND VIII (U.S.), L.P.,
 a Delaware limited partnership

	
	By: Lone Star Partners VIII, L.P., its general partner
	
	By: Lone Star Management Co. VIII, Ltd., its general partner
		
	By:	 	/s/ Stewart L. Motley
	Name:	 	Stewart L. Motley
	Title:	 	 Vice President

  
 9EX-10.2

 Exhibit 10.2 

Certain confidential information has been omitted from this Exhibit 10.2 pursuant to a request for confidential treatment filed separately with the
Securities and Exchange Commission. The omitted information is indicated by the symbol “* * *” at each place in this Exhibit 10.2 where the omitted information appeared in the original. 

SYNTHETIC GYPSUM SUPPLY AGREEMENT 

This Agreement is entered into this 11th day of December, 2007 (“Effective Date”) by and between Synthetic Materials, LLC, a Florida
Limited Liability Company with its principal place of business at 244 Old Highway 149, PO Box 87, Cumberland City, Tennessee, 37050 (“SynMat”) and Lafarge North America Inc., a Maryland corporation, with its principal place of business at
12950 Worldgate Drive, Herndon, Virginia 20170 (“Lafarge”) for the supply and purchase of synthetic Gypsum materials (“Agreement”). 

SynMat will install and operate equipment at facilities located at the Morgantown and Chalk Point power stations operated by Mirant
Corporation, (collectively referred to as “SynMat’s Facilities”) to convert scrubber spent shiny into synthetic Gypsum, a useful product, the specifications for which are more particularly described in Exhibit A (“Gypsum”).
SynMat wishes to sell Gypsum to Lafarge, and Lafarge wishes to purchase Gypsum from SynMat, and will use it to produce wallboard and other Gypsum-related products at its facilities (“Lafarge Plants”), and not to sell to a third party. 

 

	1.	Purchase of Minimum and Maximum Amounts of Gypsum 

 A. SynMat will sell and deliver to
Lafarge, and Lafarge will purchase from SynMat’s Facilities, Gypsum in the total amount of a minimum of * * * up to a maximum of the total production of SynMat’s Facilities which is expected to be * * * Gypsum, which
complies with the requirements set forth in Exhibit A, per contract year during the Supply Term of the Agreement. For purposes of calculating the minimum and maximum tons of wet weight Gypsum to be supplied by SynMat and purchased by Lafarge under
the Agreement, Gypsum which does not meet the specifications set forth in Exhibit A shall not be included in such calculations. For each contract year of the Supply Term, SynMat will sell and deliver to Lafarge, and Lafarge will purchase from
SynMat’s Facilities, an amount equal to at least * * * of the requirements for Gypsum at Lafarge’s Buchanan Plant, unless otherwise mutually agreed to by Lafarge and SynMat. 

B. By December 1st preceding each contract year of the Supply Term, Lafarge will notify SynMat in writing of the quantity of wet tons to
be purchased for such contract year (the “Nominated Quantity”), within the parameters set forth in Section 1.A. above. For that particular contract year of the Supply Term, SynMat will sell and deliver to Lafarge, and Lafarge will
purchase from SynMat, Gypsum from SynMat’s Facilities in the amount of a minimum of * * * Gypsum below the Nominated Quantity and a maximum of * * * Gypsum above the Nominated Quantity, as long as such Nominated Quantity and
the relevant minimum and maximum amounts are within the parameters set in Section 1.A. Lafarge will not be required to take Gypsum above the Nominated Quantity if it does not have adequate Gypsum storage space available. All quantities of
Gypsum will be approximately evenly spread throughout the year. 

 C. If SynMat fails to deliver up to the maximum amount of Gypsum set forth in Section 1.B.,
and SynMat’s failure to deliver is not due to an Excusable Event as defined in Section 10, SynMat will pay to Lafarge damages of * * * for the difference in the amount actually delivered and the amount ordered by Lafarge. (The
amount ordered by Lafarge cannot exceed the maximum amount set forth in Section 1.B., and such orders will be placed at least three months in advance of the requested ship date.) Such damages shall be paid to Lafarge within thirty
(30) days following Lafarge’s invoice for such damages following the end of each contract year of the Supply Term. 
 D. If the
amount of Gypsum which SynMat is capable of delivering to Lafarge in any contract year from SynMat’s Facilities exceeds the maximum amount set forth above, and is unsold, Lafarge may accept or decline to receive the overage in its sole
discretion. If Lafarge accepts the overage, the terms of this Agreement shall apply to the supply and purchase of such overage amounts. 

E. Lafarge agrees to accept and pay for all Gypsum that is received by Lafarge. If Lafarge fails to accept Gypsum in amounts at least equal to
the minimum amount stated in Section 1.B., and Lafarge’s failure is not due to an Excusable Event, as defined in Section 10, Lafarge shall pay to SynMat damages of * * * for the difference in the amount actually delivered
and the minimum amount set forth in Section 1.B. Lafarge shall pay such damages within thirty (30) days following receipt of SynMat’s invoice for such damages following the end of each contract year of the Supply Term. In addition,
Lafarge has the first option to purchase any amounts in excess of the maximum amounts stated in Section 1.A. or 1.B. if any Gypsum remains unsold. 

F. Nothing herein shall affect the validity of Section 13. 

G. The damages payable by SynMat under Section 1.C. shall be the sole remedy of Lafarge for SynMat’s failure to deliver the minimum
amounts of Gypsum contained in Section 1.B. The damages payable by Lafarge under Section 1.E. shall be the sole remedy of SynMat for Lafarge’s failure to take the maximum amounts of Gypsum contained in Section 1.B. 

 

	2.	Gypsum Specifications 

 Gypsum shall meet each of the specifications set forth in Exhibit
“A” attached hereto. Gypsum shall be sampled at loadport (Morgantown) in accordance with ASTM C 22/C 22M sampling protocols, and its compliance with the specifications of Exhibit “A shall be tested and documented, in accordance with
the protocols set forth in Exhibit A. Sampling and testing shall be at SynMat’s expense. SynMat agrees to provide to Lafarge’s designated person a Certificate Of Analysis for all specifications so designated in Exhibit A for each shipment
within 24 hours of the day of shipment. 
  

	3.	Non-Conforming Gypsum 

 Lafarge may reject or accept, in its sole discretion, any Gypsum
that fails to meet one or more of the specifications in Exhibit A offered to it by SynMat. If Lafarge accepts the Non-Conforming Gypsum, the Parties shall mutually agree in writing on price and delivery terms. 

	4.	Delivery 

 A. All deliveries of Gypsum shall be F.O.B SynMat’s Facilities
(Morgantown loadport), loaded into barges specified by Lafarge, according to schedules worked out between the parties. The risk of loss will pass to Lafarge upon loading. Lafarge may reallocate such risk of loss in a separate agreement between
Lafarge and the entity providing transportation of the barges to Lafarge’s designated final location but such reallocation shall not affect SynMat. SynMat will provide a point-of-contact at loadport with whom the entity providing transportation
shall coordinate arrivals and departures. SynMat shall furnish Lafarge a certificate of weight determined by draft survey conducted at loadport for each shipment. Such weight will be used for invoicing by SynMat. Lafarge shall be given facsimile or
email notice of each barge’s departure from Morgantown 
 B. SynMat shall load Lafarge’s barge, spout trimmed only, at the rate of
at least * * * each weather working day, Sundays and Holidays excluded. Laytime shall commence one hour after the barge is safely secured to SynMat’s dock with hatch covers open or removed, with the holds ready to receive cargo. Hatch
covers on the barges, either removing or covering, are not the responsibility of SynMat. SynMat will have 24 hours laytime to load each barge. Each calendar Quarter (commencing July 1, 2010) the actual total loading laytime for the Quarter will
be compared to the number of loadings times 24 hours (“Allowed Laytime”). SynMat will pay Lafarge at the rate of * * * for each hour the actual total loading laytime for the Quarter exceeds the Allowed Laytime. SynMat will pay
Lafarge the amount due within 30 days of the end of the Quarter. 
  

	5.	Term 

 A. As provided in Section 1, SynMat shall supply Gypsum to Lafarge for a
* * *, beginning on July 1, 2010 (the “Supply Term”). The Supply Term may be extended by either Party for * * * of * * * (“each Renewal Supply Term”) by either Party providing notice in writing
to the other Party of its intent to renew the Agreement at least * * * before the expiration of the initial Supply Term, or any Renewal Supply Term, if applicable. Such renewal is conditioned on the Parties’ ability to agree,
following good faith negotiations, on the price of the Gypsum to apply during the Renewal Supply Term. 
 B. The Term of this Agreement
shall begin on the Effective date and end at the conclusion of the Supply Term, or any Renewal Supply Term(s) (“Term”). Lafarge shall purchase any Gypsum produced by SynMat’s facilities prior to July 1, 2010, at the price
effective July 1, 2010. If Lafarge purchases Gypsum prior to July 1, 2010, the tonnage amount will not be included in the tonnage requirements of the first contract year of the Supply Term. 

 

	6.	Price 

 A. Lafarge shall pay SynMat a Base Price of * * *, subject to an annual
adjustment on July 1st of each year starting July 1, 2011, for Gypsum loaded into barges at the loading dock at the Morgantown power station. The annual adjustment will be calculated * * *. In no event shall the price increase or
decrease more than * * * compared to the prior year. During the Term of this Agreement the Adjusted Price shall never be less than the initial Base Price. 

 B. Lafarge will purchase and accept deliveries of Gypsum if it contains no less than
* * * moisture, no more than * * * moisture, and if the Gypsum otherwise meets the specifications set forth in Exhibit A. The moisture content shall be determined from the average moisture for each shipment. If the average
moisture content exceeds * * *, rounded to the nearest one-tenth of a percentage point, Lafarge shall be entitled to a gypsum price discount equal to: 
  

			
	 Moisture Content
	  	Discount
	 * * *
	  	* * *
	 * * *
	  	* * *
	 * * *
	  	* * *
	 * * *
	  	* * *
	 * * *
	  	* * *
	 * * *
	  	* * *
	 * * *
	  	* * *

 C. If the average moisture content is * * * or less, rounded to the nearest one-tenth of a
percentage point, SynMat shall be entitled to a moisture removal incentive as follows: 
  

			
	 Moisture Content
	  	Incentive
	 * * *
	  	* * *
	 * * *
	  	* * *
	 * * *
	  	* * *
	 * * *
	  	* * *
	 * * *
	  	* * *
	 * * *
	  	* * *
	 * * *
	  	* * *

 D. If, within twenty (20) days after Lafarge has taken title to what it believed was Gypsum meeting each
of the specifications set forth in Exhibit “A”, Lafarge determines that the gypsum was Non-Conforming Gypsum at the time it took title, then Lafarge shall immediately notify SynMat. SynMat shall, within thirty (30) days of
notification by Lafarge, have the right to (1) propose a price adjustment or alternative solution or (2) remove the Non-Complying Gypsum from the Lafarge Plant at SynMat’s cost. 

 

	7.	Authority to Enter into Agreement 

 Each party represents that it has the authority and
has secured the approvals necessary to enter into this Agreement, that the Agreement is binding, and that the terms of this Agreement do not conflict with any other agreements. 

 

	8.	Warranty 

 Subject to Lafarge’s right to reject Non-Conforming Gypsum in accordance
with Section 3, SynMat warrants that it will take commercially reasonable steps to ensure that the Gypsum will comply with the specifications and testing protocols contained in Section 2 and in Exhibit “A”. In addition, SynMat
warrants that it will have, at all times during the Term of this Agreement, good and marketable title to the Gypsum delivered hereunder, and that upon delivery of the Gypsum at the F.O.B. point, title thereto shall pass to Lafarge free and clear of
all liens and encumbrances. 

 THE FOREGOING EXPRESS WARRANTIES SHALL BE EXCLUSIVE AND IN LIEU OF ALL OTHER WARRANTIES, WHETHER STATUTORY,
EXPRESS OR IMPLIED, INCLUDING ALL WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. 
  

	9.	Confidentiality 

 The parties may not disclose the terms of this Agreement to third
parties, except that the parties may disclose such terms as may be required by applicable law, rule, regulation or court or administrative order, including those of environmental, tax and utility regulatory or other governmental bodies, provided
they seek in good faith protection of such information under the laws and regulations applicable to such regulatory body. Under such conditions, the disclosing party is required to give the other party thirty (30) days prior written notice.

  

	10.	Force Majeure 

 A. Neither SynMat nor Lafarge shall be liable to the other for any delay
or failure in the performance of its obligations under this Agreement when the delay or failure in performance results from causes which are beyond its reasonable control, including but not limited to fires, floods, earthquakes, tornadoes, strikes
and labor disturbances, acts of God; acts of governmental authorities, inability beyond a party’s reasonable control to obtain necessary materials, fuel or energy; interruptions or curtailments of supply from the power stations at which
Synmat’s Facilities are located, wrecks or delays in transportation; riots, civil disturbances or insurrection; embargoes; unplanned SynMat Facilities or unplanned Lafarge plant outages, or the inability following good faith efforts to obtain
or maintain necessary permits, licenses, authorizations or approvals (“Excusable Event”), provided that the notice requirement of Section 10.B. is satisfied. 

B. The party whose performance of its obligations hereunder is adversely affected by an Excusable Event (the “Affected Party”) shall
promptly notify the other party of the beginning of an Excusable Event, and confirm the notice in writing within Five (5) working days of the event. The notice shall contain a detailed account of the Excusable Event, including the cause of the
Excusable Event, an estimate of the duration of any delay, an estimate of the Excusable Event’s impact to the Affected Party’s performance, and the plan to mitigate the effects of the Excusable Event. 

C. In the event that a delay or failure in performance hereunder is an Excusable Event as defined in Section 10.A, if the Affected Party
is SynMat, it shall receive a reduction in the minimum amounts required to be sold and delivered in Sections 1.B. of * * * times the number of days of the Excusable Event occurring during the applicable period. If the Affected Party is
Lafarge, it shall receive a reduction in the maximum amounts required to be purchased and taken in Sections 1.B. of * * * times the number of days of the Excusable Event occurring during the applicable period. 

	11.	Compliance with Laws 

 A. Each party shall perform its obligations under this Agreement
in accordance with all applicable federal, state, county, municipal and local laws, ordinances and regulations. Lafarge represents that it is a sophisticated user of Gypsum, it is aware of the unregulated elements and materials which may be
contained in Gypsum, and it agrees to comply with all applicable laws and regulations which protect its employees, third parties, consumers and the environment relating to the use of the Gypsum to be delivered hereunder. 

B. Each party shall promptly seek, and shall use its good faith efforts to obtain, at its own expense, all permits, approvals, authorizations
and licenses which it requires in order to carry out its obligations hereunder. Once obtained, each party shall, at its own expense, use its good faith efforts to maintain in full force and effect throughout the term of this Agreement all such
permits, approvals, authorizations and licenses obtained by it. 
 C. Each party agrees to hold harmless and indemnify the other party from
all costs, expenses, judgments, fines, and penalties, including reasonable attorneys’ fees, arising out of the indemnifying party’s failure to comply with the terms of Section 11.A. 

 

	12.	Indemnification 

 A. Subject to Section 13 herein, Lafarge shall hold harmless and
indemnify SynMat for all costs, losses, liabilities, expenses, suits, actions, claims, damages and all other obligations ,and proceedings whatsoever, including without limitation, all judgments rendered against and all fines and penalties imposed
upon SynMat, and any reasonable attorneys’ fees and any other costs of litigation (hereinafter referred to as “Liabilities”) arising out of Lafarge’s use, storage, discharge, or transportation of the Gypsum supplied under this
Agreement except such liabilities for which SynMat is responsible under Section 12.B. 
 B. Subject to Section 13 herein, SynMat
will hold harmless and indemnify Lafarge for all costs, losses, liabilities, expenses, suits, actions, claims, damages, and all other obligations and proceedings whatsoever, including without limitation, all judgments rendered against and all fines
and penalties imposed upon Lafarge, and any reasonable attorneys’ fees and any other costs of litigation (hereafter referred to as “Liabilities”) arising out of injury to or death of persons and damage to property or environmental
cleanup, response, damage, or other associated costs to the extent arising out of and caused by the production and delivery of the Gypsum by SynMat during the term of this Agreement except such liabilities for which Lafarge is responsible under
Section 1 2.A. 
  

	13.	Limitation of Liability 

 In no event shall SynMat or Lafarge be liable to the other for
any incidental, special, indirect, punitive or consequential damages, including loss of profits or revenues or the loss of use of either; loss by reason of plant shut down or inability to operate at rated capacity, increased expense of operation of
plant or equipment; increased cost of purchasing or providing equipment, materials, supplies or services outside the parties’ scope of supply; cost of replacement power, raw materials or capital, claims of a party’s customers, or inventory
charges. 

	14.	Termination 

 If any one of SynMat or Lafarge files a petition in bankruptcy, or if its
creditors file an involuntary petition in bankruptcy, or if it makes a general assignment for the benefit of its creditors, or if a receiver is appointed on account of its insolvency, or if it commits repeated or material violations of applicable
safety laws, rules, or regulations, or if it otherwise commits a material breach of this Agreement; such party shall be in default under this Agreement, and, upon the occurrence of such default, the other party may, without prejudice to any other
right or remedy, and after giving the defaulting party thirty (30) days written notice of the default and opportunity to cure, terminate this Agreement. This Agreement shall not be so terminated if the defaulting party has cured the default, or
submitted a plan for curing the default that is reasonably acceptable to the other party, within thirty (30) days of receiving notice of the default. If the defaulting party fails to remedy the default as set forth in the plan, the other party
may terminate the Agreement without further notice and without prejudice to any right or remedy available to it. 
  

	15.	Payment 

 SynMat shall invoice Lafarge for the total amount of Gypsum delivered with each
shipment, including deductions and additions for adjustments required by the Agreement. Lafarge shall pay by check or other mutually agreeable means such invoices within * * * from the receipt date of such invoice. Each invoice must
clearly show the complete Purchase Order number provided by Lafarge. Invoices without the proper Purchase Order number will not be considered received. 
  

	16.	Notice 

 Notices shall be in writing and shall be given to the representative designated
to receive the same below, by personal delivery, by U.S. mail, return receipt requested, by overnight courier, or by facsimile, properly addressed to such representative. All notices shall be effective upon receipt, or upon such later date following
receipt as is set forth in the notice. Any party may, by written notice, change the representative or the address to which its notices are to be sent. 

			
	To SynMat:	  	Synthetic Materials
		  	244 Old Highway 149
		  	PO Box 87
		  	Cumberland City, TN 37050
		  	Attn: President
		  	Tel. No. 931-827-4075
		  	Facsimile No. 931-827-4125
		
	To Lafarge:	  	Lafarge North America Inc.
		  	12950 Worldgate Dr., Suite 400
		  	Herndon, VA 20170
		  	Attn: Gypsum Director of Purchasing
		  	Tel. No. 703-480-3600
		  	Facsimile No. 703-796-9515

  

	17.	Insurance 

 A. SynMat shall obtain and maintain throughout the Term of this Agreement the
following policies of insurance: 
 (1) Commercial and Marine General Liability Insurance, including Wharfinger’s,
landing owner’s, and stevedoring, covering SynMat’s obligations under this Agreement with limits of liability of not less than $2,000,000.00. Lafarge shall be named as additional insured and provided with a waiver of subrogation under this
policy and the policies shall be provided on an occurrence form. 
 (2) Other Coverage. Statutory workers’ compensation
and employer’s liability with coverage for longshoremen’s and harborworkers’ and/or Jones Act coverage, as required by law; commercial general liability and umbrella excess liability policies in amounts not less than $2,000,000 per
occurrence/accident and in the aggregate. With respect to the workers’ compensation, employer’s liability with coverage for longshoremen’s and harborworkers’, and/or Jones Act coverage, Lafarge will be provided with a waiver of
subrogation. SynMat may elect to obtain other insurance policies they deem to be prudent. 
 (3) The insurance required
hereunder shall be placed with reputable, competent, and properly licensed insurers and underwriters or self insured. Certificates of insurance (or written notice that such insurance requirements are fulfilled by self-insurance) shall be delivered
to Lafarge prior to the commencement of the delivery of Gypsum hereunder. The certificates shall state that the policies of insurance may not be canceled or modified without thirty days prior written notice to Lafarge. SynMat shall pay all premiums
and other costs of insurance required by this Section 17.A. These insurance requirements may be covered by umbrella policies of insurance or by self-insurance maintained by SynMat. SynMat’s insurance or self-insurance shall be primary and
non-contributory to any insurance, self-insurance or deductible insurance policies of Lafarge. 

 B. Lafarge shall obtain and maintain, or with respect to subsections 2, and 3 of this
Section 17.B., shall require its barge providers to obtain and maintain, throughout the term of this Agreement the following policies of insurance, in amounts not less than Two Million Dollars ($2,000,000.00) per occurrence and in the
aggregate: 
 (1) Hull Insurance. A policy of hull insurance insuring the barges to be provided by Lafarge or their
contractor for the perils insured by the Taylor Form 1953 (Rev. 70) as amended, or its equivalent, including strikes, riots and civil commotion and excluding collision liability. 

(2) Protection and Indemnity Insurance. A policy of protection and indemnity insurance applicable to any and all vessels used
pursuant to this agreement and subject to P.I. 1955 Form SP 38 as amended, or its equivalent, including collision liability, American Institute Pollution Exclusion Clause and Buy Back Endorsement A (July 4, 1976). 

(3) Excess Protection and Indemnity Insurance. A policy of excess protection and indemnity insurance in excess of primary
protection and indemnity insurance, including excess of primary collision/towers liability and pollution buy back endorsement. 

(4) Other Coverage. Policies covering other risks in such amounts as deemed prudent by Lafarge, including commercial general
liability and umbrella excess liability policies in amounts not less than $2,000,000 per occurrence/accident and in the aggregate. General Liability and excess liability policies shall be provided on an “occurrence” basis and provide for
such coverage to be primary to any liability policies of SynMat. 
 (5) The insurance required hereunder shall be placed with
reputable, competent, and properly licensed insurers and underwriters or self-insured. Certificates of Insurance (or written notice that such insurance requirements are fulfilled by self-insurance) shall be delivered to SynMat prior to the
commencement of the delivery of Gypsum hereunder. The certificates shall state that the policies of insurance may not be canceled or modified without thirty days prior written notice to SynMat. Lafarge shall pay all premiums and other costs of
insurance required by this Section 17.B. These insurance requirements may be covered by umbrella policies of insurance or by self-insurance maintained by Lafarge. Lafarge insurance shall be primary and non-contributory to any insurance,
self-insurance or deductible insurance policies of SynMat. 
  

	18.	Taxes 

 The price payable hereunder is exclusive of sales tax. Lafarge shall be liable
for the payment of all sales tax based on the purchase of Gypsum. If applicable, Lafarge shall provide SynMat with a tax-exempt certificate. 

	19.	Miscellaneous 

 A. SynMat and Lafarge shall waive subrogation against each other under
their insurance policies. 
 B. In the event that any of the provisions, or portions thereof of this Agreement are held to be unenforceable
or invalid by any court of competent jurisdiction, the validity and enforceability of the remaining provisions, or portions thereof shall not be affected thereby. 

C. The waiver by either party of any breach of any term, covenant, condition or agreement contained herein or any default in the performance
of any obligations hereunder shall not be deemed to be a waiver of any other breach or default of the same or of any other term, covenant, condition, agreement or obligation. 

D. This Agreement may not be assigned to a third party, other than an affiliated company or a successor in interest to the business of the
assignor, without the written consent of the other party, which consent shall not be unreasonably withheld. This Agreement shall be binding on the successors and assigns of the parties. 

E. Sections 1.G., 8, 9, 11, 12, 13, 16, 18, and 19.G. shall survive the termination of this Agreement. 

F. In the event a dispute arises regarding the interpretation of or performance under this Agreement, which cannot be resolved by
communications between the persons listed in Section 16, then each party shall have the right to request in writing a meeting to occur within Five (5) business days of the receipt of such written request, between the next level of
management for SynMat and Lafarge. Such meeting may occur in person, telephonically, or by any other method mutually agreeable to SynMat and Lafarge. 

G. If clause F. does not resolve the situation then the parties shall proceed to arbitration. Any dispute, controversy or claim arising out of
or relating to this Agreement, or breach thereof, shall be settled by arbitration in accordance with the Rules of the American Arbitration Association, and judgment upon the award rendered by the Arbitrator(s) may be entered in any court having
jurisdiction thereof. Such award shall be binding on all parties and unappealable. The arbitration, conducted in English, shall be held in Baltimore, Maryland, United States of America. 

H. The rights and obligations of the parties arising out of this Agreement shall be governed in all respects by the laws of the State of
Maryland. The parties agree that the arbitration award above may be enforced in the courts in the State of Maryland. The parties agree that such courts are convenient forums and irrevocably submit to personal jurisdiction of such Courts. 

I. This Agreement constitutes the entire agreement between the parties and supersedes all previous and collateral agreements or understandings
with respect to the subject matter hereof. 

 J. No waiver, alteration, amendment or modification of any of the provisions of this Agreement
shall be binding unless in writing and signed by the duly authorized representatives of the parties. 
 K. * * * 

 The parties have signed this Agreement by their duly authorized representatives effective as of
the date first written above. 
  

			
	SYNMAT:
	SYNTHETIC MATERIALS
		
	By:	 	 /s/ Sean P. Colgan

		
	Title:	 	 Chairman

		
	Date:	 	 19 December, 2007

	
	LAFARGE:
	LAFARGE NORTH AMERICA INC.
		
	By:	 	 Ike Preston

		
	Title:	 	 President LNA Gypsum

		
	Date:	 	 12/26/07

 Exhibit A  

* * *

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