Document:

Exhibit

[Execution Version]

AMENDMENT NO. 1 TO REVOLVING CREDIT AGREEMENT
*September 3, 2015, effective
This  AMENDMENT  NO.  I   TO  REVOLVING  CREDIT  AGREEMENT  (this "Amendment"},  dated*as of August 31, 2015, by and among the Borrowers (as defined  below), the Lenders (as defined  below), PNC BANK, NATIONAL ASSOCIATION,  as administrative agent (in such capacity, the "Administrative  Agent") and collateral agent (in such capacity,  the "Collateral   Agent")  for  the  Lenders,  and  WELLS  FARGO  BANK,  NATIONAL ASSOCIATION,  as syndication agent (in such capacity, ''Syndication  Agent" and together with the Administrative  Agent and the Collateral Agent, the "Agents") for the Lenders.

WHEREAS, pursuant to the Revolving Credit Agreement dated  February 12, 2014 (as amended  prior to the date hereof, the "Credit  Agreement"), the financial  institutions which are now  or  which  hereafter  become a lender  party thereto (collectively,  the ''Lenders" and each individually,  a "Lender") and the Agents have agreed to provide financial accommodations  to NEW ENTERPRJSE STONE & LIME CO., INC., a Delaware corporation ("NESL"),  ASTI TRANSPORTATION SYSTEMS,  INC., a Delaware corporation ("ASTI"),  Ell TRANSPORT INC., a Pennsylvania  corporation  (''Ell"), GATEWAY  TRADE  CENTER  INC., a New  York corporation  ("Gateway"), PRECISION SOLAR CONTROLS INC., a Texas corporation ("Precision"), PROTECTION SERVICES INC., a Pennsylvania corporation ("Protection"), SCI PRODUCTS   INC., a  Pennsylvania  corporation  ("SCI"),  and  WORK  AREA  PROTECTION CORP.,   an   Illinois   corporation   ("Work   Area")   (NESL,  ASTI,   Ell,   Gateway,   Precision, Protection, SCI, Work Area and each Person joined thereto as a borrower from time to time, collectively,  the "Borrowers", and each a "Borrower"),  all as more fully set forth in the Credit Agreement;

WHEREAS, the Borrowers have requested that the Agents and the Lenders  agree  to make certain  amendments  to the Credit Agreement as set forth herein, and the Agents and the Lenders are willing to agree to make such amendments, subject to the tenns and conditions and to the extent set forth herein;

WHEREAS, NESL has informed the Agents that it has entered  into that certain  Land Management  Agreement (as defined in the Credit Agreement, as amended  hereby), pursuant to which NESL will donate to the Department of Conservation and Natural Resources, Bureau of Forestry  of  the  Commonwealth  of  Pennsylvania,  the  Bakersville  Quarry  Surplus  Parcel  (as defined  in the Credit Agreement, as amended hereby), in exchange for the use of three (3) fill sites totaling 8.16 acres of land located in Forbes State Forest, for the purpose of placing excess dirt  fill  material   resulting  from  the  Borrower's   construction  activities  on  a  Pennsylvania Turnpike  project in Cook Township. Westmoreland County, and Jefferson Township, Somerset County,  Pennsylvania  (the "Land-for-Fill  Sites Transaction") on  the terms  and conditions  set forth in the Land Management Agreement.

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

1.    Definitions.    Capitalized  terms used and  not defined  in this Amendment  shall have the respective meanings given to such terms in the Credit Agreement.

2.         Amendments.   Subject to the satisfaction of the conditions  precedent set forth  in Section   3  below,  the  Borrowers,  the  Agents  and  the  Lenders  each  agree  that  the  Credit Agreement shall  be and hereby is amended effective as of the First Amendment Effective Date (as defined below) as follows:

(a)        Section 1.2 - Definitions.  Section 1.2 of the Credit Agreement is hereby amended by adding the following defined terms thereto in the appropriate alphabetical order:

""Bakersville Quarry Surplus Parcel" shall mean the irregular parcel of the Bakersville Quarry  comprising   11.6  acres  of  surplus  land  and  located  in  Jefferson  Township, Somerset   County,  Pennsylvania,  to  be  subdivided   from  the  Bakersville   Quarry   in accordance  with the Land Management Agreement.

"First Amendment" shall mean that certain Amendment No. 1 to Revolving Credit Agreement,   dated   as   of   August   31,   2015,   by   and   among   the   Borrowers,   the Administrative  Agent, the Collateral  Agent, Syndication  Agent and  the  Lenders  party thereto.

"First Amendment  Effective Date" shall have the meaning given to such term in the First Amendment.

"Land  Management  Agreement"  shall  mean that certain  land management  agreement, dated   as   of   June   16,  2014,  by  and   between  NESL  and   the  Commonwealth   of Pennsylvania,  acting  through  the Department  of Conservation  and  Natural  Resources, Bureau of Forestry (the "Department"),  pursuant to which NESL has agreed to donate the Baskerville  Quarry  Surplus  Parcel to the Department  in exchange  for  the right  to use three fill sites totaling 8.16 acres of land located in Forbes State Forest, Pennsylvania for the  purpose  of  placing  excess  dirt  fill  material  resulting  from  NESL's   construction activities on a Pennsylvania Turnpike project in Cook Township, Westmoreland County, and Jefferson Township, Somerset County, Pennsylvania."

(b)       New Subsection 7.l(b)(ix). Section 7.1(b) is hereby amended by deleting the  word  "and"  from  the  end  of subsection  7.1(b)(viii),  replacing  the  period  at  the end  of subsection 7.1 (b)(viii) with''; and'\  and adding a new subsection 7.l(b)(ix) as follows:

"(ix)     the disposition of the Bakersville Quarry Surplus Parcel, solely if disposed strictly in accordance  with the express terms of the Land Management Agreement."

(c)        Schedule  7.1{b)- Permitted  Asset Sales. Schedule  7.1(b)  of  the Credit Agreement  is hereby amended  by adding the following numbered items to such Schedule 7.I (b) immediately following item numbered 3 thereon:

"4. The  sale   by  NESL   of  its  Naginey  Quarry   business  in   Mifflin   County, Pennsylvania  in the manner described  in that certain  presentation,  dated June 2015, titled "Asset Rationalization", as previously delivered to the Lenders and upon terms and conditions reasonably satisfactory to the Administrative Agent.

5.   The sale  by Gateway Trade Center Inc. of its Port of Buffalo (Gateway Trade Center)  line of business in Buffalo, New York in the manner described in that certain   presentation,   dated   June   2015,   titled   "Asset   Rationalization",   as previously  delivered to the Lenders and upon terms and conditions reasonably satisfactory  to the Administrative Agent.

6.   The sale  by NESL of non-productive  real estate in Wescosville, Pennsylvania and  the former  Buffalo office on Clinton Street  in Buffalo, New York in the manner described in that certain presentation, dated June 2015, titled "Asset Rationalization", as previously delivered  to the Lenders and  upon terms  and conditions reasonably satisfactory to the Administrative Agent."

(d)       Section 7.6- Capital Expenditures.   Section 7.6 of the Credit Agreement is hereby amended by adding the following sentence immediately at the end thereof:

"In addition to the amount of Capital Expenditures permitted pursuant to the preceding  sentence   of  this  Section  7.6, on and  after  the  First  Amendment Effective  Date, the Loan Parties may incur Capital Expenditures in an aggregate additional  amount for all Loan Parties equal to the unrestricted net cash proceeds actually received by the Loan Parties from the asset sales permitted under Section
7.1 or  consented   to  in  writing  by  the  Required  Lenders;  provided,  that  the
Borrowers  have certified  to the Agents, in form and substance acceptable  to the Agents, that the closing of the applicable permitted asset sale has taken place, that the conditions  set forth in Section 7.1 or any consent applicable to such permitted asset sale have been satisfied, and the dollar amount of unrestricted cash proceeds received with respect to such permitted asset sale."

3.         Conditions  to Effectiveness  of This Amendment.   The terms and provisions  of this Amendment  shall become effective as of the date first written above upon the satisfaction  or waiver  by  the  Required  Lenders of each of  the following  conditions  precedent  in a  manner reasonably satisfactory  to the Agents and the Required Lenders (the "First Amendment Effective Date");

(a}       the  Borrowers  shall  have  paid  the  Agents  and  the  Lenders  (or  their designees)  all fees then then due and payable as provided in the Credit Agreement or any Other Documents  (including,  without limitation, an amendment tee payable to the Lenders on pro rata basis in the amount of $50,000.00 and the fees, costs, disbursements and expenses of Otterbourg P.C. and any other legal counsel to the Lenders and the Agents);

(b)       receipt  by  the  Administrative  Agent  of  this  Amendment,  in  form  and substance   satisfactory   

to  the  Agents  in  their  sole  discretion,  duly  authorized,  executed  and delivered  by each Borrower, each Agent and the Lenders constituting the Required Lenders;
        
(c)     as of the date hereof, after giving effect to this Amendment, each of the representations and warranties contained  in Section 4(f) hereof shall  be true and correct  in all respects;

(d)       each  Loan Party shall  have obtained  all  material  consents  necessary  or advisable in connection with this Amendment;

(e)        receipt by the Administrative Agent of an executed copy of Amendment No. I  to the Term Loan Credit Agreement, dated as of the date hereof, by and among the Loan Parties (as such  term is defined in the Term  Loan Credit Agreement), the Term  Loan Lenders constituting  the Required Lenders (as such term is defined in the Term Loan Credit Agreement) and the Term Loan Administrative Agent; and

(t)        the Administrative  Agent and the Required  Lenders shall  have received any other documents,  instruments and agreements as the Administrative Agent and the Required Lenders shall have reasonably requested in connection with this Amendment.

4.     Provisions of General Application.

(a)        Effect  of  This  Amendment.    Except  as  modified  pursuant  hereto,  and pursuant   to  the  other  documents,   instruments  and  agreements  executed  and  delivered   in connection  herewith, no other changes or modifications to the Credit Agreement are intended or implied, and  in all other respects the Obligations, Credit Agreement and Other Documents are hereby specifically  ratified, restated and confirmed by all parties hereto as of the effective date hereof.  The Borrowers hereby agree that this Amendment shall in no manner affect or impair the Obligations or the Liens securing the payment and performance thereof.   Except as expressly provided herein, this Amendment shall not, by implication or otherwise, limit, impair, constitute a  waiver of or otherwise  affect any rights or remedies of any Agent or any  Lender  under the Credit Agreement or the Other Documents, nor alter, modify, amend or in any way affect any of the obligations  or covenants contained  in the Credit Agreement or any of the Other Documents, all of which are ratified and confirmed in all respects and shall continue in full force and effect. Each  Loan  Party  hereto  hereby  ratifies  and  confirms  all  of  its  respective  obligations  and liabilities under the Credit Agreement and each Other Document to which it is party, as expressly modified herein.  On and after the date hereof, this Amendment shall for all purposes constitute an Other Document.  It shall be an Event of Default under the Credit Agreement if any Borrower fails  to  perform,   keep  or  observe  any  term,  provision,  condition,  covenant  or  agreement contained  in this Amendment or if any representation or warranty made by any Borrower under or in connection  with this Amendment shall be untrue, false or misleading in any respect when made. By entering into this Amendment, the Agents and the Lenders have not waived any breach of the Credit  Agreement  or any Event of Default, and have no intention of waiving any right, power or remedy of any Agent or Lender under the Credit Agreement, any Other Document or Applicable  Law.  To the extent of conflict between the terms of this Amendment and the Credit Agreement,  the  terms  of  this Amendment  shall  control.    The Credit  Agreement  as amended hereby shall  be read and construed  with this Amendment as one agreement.   On and after the date hereof, each reference  in the Credit Agreement to "this Agreement", hereunder", "hereof' or words  of  like import  referring  to the Credit Agreement, and each  reference  in each of the Other  Documents  to "the  Credit Agreement", "thereunder",  "thereof' or words of  like import referring  to the Credit  Agreement, shall  mean and be a reference to the Credit  Agreement  as amended by this Amendment.

(b)       No   Third   Party   Beneficiaries.      The   terms   and   provisions   of   this Amendment  shall  be for the  benefit of  the parties hereto and their  respective successors  and assigns; no other person, firm, entity or corporation shall have any right, benefit or interest under this Amendment.

(c)        Further  Assurances.     The  Borrowers  shall  execute  and  deliver   such additional   documents   and  take  such  additional  action  as  may  be  reasonably  necessary   to effectuate  the provisions and purposes of this Amendment.

(d)        Binding Effect.  This Amendment shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors and assigns.

(e)        Merger.       This   Amendment   sets   forth   the   entire   agreement    and understanding of the parties with respect to the matters set forth herein. This Amendment cannot be changed,  modified,  amended or terminated except in a writing executed  by the party to  be charged.

{f)     Representations and Warranties.

(A)      All representations and warranties made in this Amendment or any other document furnished in connection with this Amendment shall survive the execution and delivery of this Amendment and the other documents, and no investigation by the Agents or any closing  shall  affect  the representations  and warranties or the right of the Agents to rely upon them.

(B)       In order to induce the Lenders and the Agents to agree to amend the Credit Agreement  in the manner set forth herein, each Borrower hereby makes the following representations  and   warranties,   which   shall   survive   the  execution   and   delivery   of   this Amendment:

(i)        as  of  the  date   hereof,   both  before  and   after   g1vmg  effect   to  the amendments herein, no Default or Event of Default has occurred and is continuing;

(ii)     each of the representations and warranties of such Borrower made in the Credit Agreement and in the Other Documents is true and correct in all respects (or in all material  respects  if any  such  representation  or  warranty  is  not  by  its  terms  already qualified  as to materiality)  both before and after giving effect to the amendments contemplated  hereby as though each such representation and warranty were made at and as  of  the  date  hereof  unless  relating  solely  to  an  earlier  date,  in  which  case  such representation and warranty shall be true and correct in all respects as of such earlier date (or in all material respects as of such earlier date if any such representation or warranty is not by its terms qualified as to materiality);

{iii)     the execution, delivery and performance by it of this Amendment and the consummation  of the transactions contemplated  hereby do not and will not require any registration with, consent, or approval of, or notice to, or any other action with or by, any third  party,  including,  without  limitation, any Governmental  Body, other  than registrations,  consents, approvals,  notices or other actions  that have been obtained  and that are still in force and effect where the failure to obtain the foregoing has or could reasonable expected to have a Material Adverse Effect;

(iv)      such Borrower has all requisite power and authority to enter into this Amendment   and  to  carry  out  the  transactions  contemplated   by,  and   perform   its obligations  under, the Credit Agreement as amended by this Amendment, and the Other Documents;

(v)       this  Amendment,  and  the  performance  of  the  Credit   Agreement,   as amended  hereby,  and  the Other  Documents,  has  been duly  authorized,  executed  and delivered  by all necessary action by such Borrower, and upon execution by the parties set forth  on the signature  lines below, this Amendment will constitute  the legal, valid and binding obligation of such Borrower, enforceable against it in accordance with the terms hereof;

(vi)      such  Borrower  has  no  existing  claims  or  causes  of  action  against  the Agents  or  any  of  the  Lenders  in  connection  with  the  Credit  Agreement,  the  Other Documents or the Obligations;

(vii}    each  of  the  Collateral  Documents,  and  all  of  the  Liens  and  security interests  granted   thereunder,  do  and  shall  continue   to  secure   the  payment   of  all Obligations as set forth in such Collateral Documents, and constitute valid and perfected Liens and security  interests with the priorities set forth in the Collateral  Documents and the Intercreditor Agreements;

(viii)    the  execution,  delivery,  and  performance   by  such   Borrower   of  this Amendment and the transactions contemplated hereby do not and will not (A) violate any provision  of  federal,  provincial,  state,  or  local  law  or  regulation  applicable  to  such Borrower,  any  other   Loan  Party,  or  any  of  their  Subsidiaries,   or  any  injunction, restraining  order, writ, order, judgment, or decree of any court or other  Governmental Body binding on such Borrower, any other Loan Party or any of their Subsidiaries,  where such violation has or could reasonably be expected to have a Material Adverse Effect, (B) violate any  provisions  of  the Organizational  Documents  of such  Borrower,  any  other Loan  Party  or  any  of  their Subsidiaries,  (C)  conflict  with,  result  in  a  breach  of,  or constitute (with due notice or lapse of time or both) a default under any Material Contract of such  Borrower,  any other  Loan Party or any of  their Subsidiaries  where any  such conflict. breach or default has or could individually or in the aggregate reasonably be expected  to  have a  Material  Adverse  Effect, (D)  result  in or  require  the  creation  or imposition  of any Lien of any nature whatsoever upon any assets of such  Borrower or any other Loan Party, other than Permitted Encumbrances, or (E) require any approval of any  holders  of  Equity  Interests  of  such  Borrower  or  any  other  Loan  Party, or  any approval or consent of any Person under any Material Contract of such Borrower 

or any other Loan Party, other than consents or approvals that have been obtained and that are still in force and effect and except, in the case of Material Contracts, for consents or approvals, the failure to obtain could not individually or in the aggregate  reasonably  be expected to have a Material Adverse Effect;

(ix)     the assets added to Schedule 7.l(b)  of the Credit Agreement  pursuant  to Section 2(b) hereof are not material to the business operations of the Loan Parties; and

(x)       the terms and conditions of the Land-for-Fill Sites Transaction  have been negotiated at arms' length, and the Borrower will receive consideration at the time of sale at least equal to the Fair Market Value of the assets sold. The current Fair Market Value of  the  Subject  Property  is less than $50,000.  No  Inventory  or  other  ABL  First  Lien Collateral (other than the conveyed real estate) will be conveyed in the Land-for Fill Sites Transaction.  There will be no cash proceeds of the Land-for-Fill Site Transaction. The Land-for Fill Sites Transaction is permitted by the Senior Notes Indenture.

(g)       Severabilitv.     Any  provision  of  this  Amendment  held  by  a  court  of competent jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder of this Amendment.

(h)       Counterparts; Electronic Signatures.  This Amendment may be executed in any number of counterparts,  each of which shall  be an original, and all of which, when taken together,  shall  constitute  one  agreement.     Delivery  of  an  executed  signature  page  of  this Amendment  by facsimile  transmission or scanned electronic transmission  shall  be effective  as delivery of a manually executed counterpart hereof.

(i)        Governing Law.  This Amendment and all matters relating hereto shall, in accordance  with Section  5-1401 of the General Obligations Law of the State of New York, be governed  by and construed in accordance with the Jaws of the State of New York.

U)         Release.   Each Borrower, on behalf of itself, the other  Loan Parties and their   Affiliates,   hereby   acknowledges   and   agrees   that  it  does   not   have   any   defenses, counterclaims,  offsets,  cross-complaints,  claims or demands of any kind or nature whatsoever that can be asserted to reduce or eliminate all or any part of the liability of such Borrower and the other  Loan Parties to repay the Lenders as provided in this Amendment, the Credit Agreement and the Other Documents or to seek affirmative relief or damages of any kind or nature from any Agent or Lender party hereto.   Each Borrower, on behalf of itself, the Other Loan Parties and their Affiliates, hereby voluntarily and knowingly releases and forever discharges the Agent and the  Lenders  party  hereto  and  Agent's  and  each  Lender  party  hereto's  predecessors,  agents, employees, successors and assigns, from any and all possible claims, demands, actions, causes of action,  damages,  costs,  or  expenses,  and  liabilities  whatsoever,  of  every  kind,  nature  and character whatsoever, whether known or unknown, anticipated or unanticipated, suspected or unsuspected,  fixed, contingent, or conditional, at law or in equity, originating in whole or in part on or before the date  this Amendment  is fully executed, which any Borrower, the other  Loan Parties, and their Affiliates may now or hereafter have against any Agent or Lender party hereto in their capacities  as such, and any Agent's or any Lender party hereto's  predecessors,  agents, employees, successors  and assigns, if any, in their capacities as such, and irrespective of whether any  such  claims  arise  out  of  contract,  tort,  violation  of  law  or  regulations,  or  otherwise, including, without limitation, the exercise of any rights and remedies under this Amendment, the Credit Agreement or Other Documents, and negotiation and execution of this Amendment.

(k)       Complete  Agreement.   This Amendment, the Credit  Agreement  and the Other Documents  represent the final agreement among the parties and may not be contradicted by evidence of prior, contemporaneous or oral agreements of the parties.

(l)         Headings.     Section  and  Subsection  headings  in  this  Amendment  are included   herein  for  convenience   of  reference  only  and  shall  not  constitute  a  part  of  this Amendment  for any other purpose or be given any substantive effect.

[Remainder of page intentionally left blank]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written.

NEW ENTERPRISE STONE & LIME CO., INC.
        
   	
	
	By:    /s/ Albert L. Stone

	          Name: Albert L. Stone

	          Title: Executive Vice President Chief

	          Financial Officer & Treasurer

ASTI TRANSPORTATION  SYSTEMS, INC.,
Ell TRANSPORT INC.,
GATEWAY TRADE CENTER INC.,
PRECISION SOLAR CONTROLS INC.,
PROTECTION SERVICES INC., 
SCI PRODUCTS INC.,
WORK AREA PROTECTION CORP.

       
   	
	
	By: 

	          Name: Paul I. Detwiler, III

	          Title: Vice President, Secretary & 

	          Treasurer

[Signatures continue on next page.]

(Amendment No  I  lo NESL Revolving Credit Agreement)
PNC BANK, NATIONAL ASSOCIATION, 
as Administrative Agent, Collateral Agent and Lender
        
                            
	
	
	By: 

	          Name: Glenn D. Kreutze

	          Title: Vice President

[Signatures continue on next page.]

(Amendment No  I  lo NESL Revolving Credit Agreement)

[Signatures continue on next page.]

(Amendment No  I  lo NESL Revolving Credit Agreement)

(Amendment No  I  lo NESL Revolving Credit Agreement)Exhibit

Execution Version

AMENDMENT NO. 1 TO TERM LOAN CREDIT AND GUARANTY AGREEMENT

This AMENDMENT NO. 1 TO TERM LOAN CREDIT AND GUARANTY AGREEMENT (this “Amendment”), dated September 3, 2015 and effective as of the First Amendment Effective Date (as defined below), by and among the Borrower (as defined below), the Guarantors (as defined below), the Lenders (as defined below) and CORTLAND CAPITAL MARKET SERVICES LLC, as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders.

WHEREAS, pursuant to the Term Loan Credit and Guaranty Agreement dated February
12, 2014 (as amended prior to the date hereof, the “Credit Agreement”), the financial institutions which are now or which hereafter become a lender party thereto (collectively, the “Lenders” and each individually, a “Lender”) and the Administrative Agent have agreed to provide financial accommodations to NEW ENTERPRISE STONE & LIME CO., INC., a Delaware corporation (the “Borrower”), ASTI TRANSPORTATION SYSTEMS, INC., a Delaware corporation (“ASTI”), EII TRANSPORT INC., a Pennsylvania corporation (“EII”), GATEWAY TRADE CENTER INC., a New York corporation (“Gateway”), PRECISION SOLAR CONTROLS INC., a Texas corporation (“Precision”), PROTECTION SERVICES INC., a Pennsylvania corporation (“Protection”), SCI PRODUCTS INC., a Pennsylvania corporation (“SCI”), and WORK AREA PROTECTION CORP., an Illinois corporation (“Work Area”) (ASTI, EII, Gateway, Precision, Protection, SCI, Work Area and each Person joined thereto as a borrower from time to time, collectively, the “Guarantors”, and each a “Guarantor” and, collectively with the Borrower, the “Loan Parties”, and each a “Loan Party”), all as more fully set forth in the Credit Agreement;

WHEREAS, the Borrower and the Guarantors have requested that the Administrative Agent and the Lenders agree to make certain amendments to the Credit Agreement as set forth herein, and the Administrative Agent and the Lenders are willing to agree to make such amendments, subject to the terms and conditions and to the extent set forth herein; and

WHEREAS, the Borrower has informed the Administrative Agent that it has entered into that certain Land Management Agreement (as defined in the Credit Agreement, as amended hereby), pursuant to which the Borrower will donate to the Department of Conservation and Natural Resources, Bureau of Forestry of the Commonwealth of Pennsylvania, the Bakersville Quarry Surplus Parcel (as defined in the Credit Agreement, as amended hereby), in exchange for the use of three (3) fill sites totaling 8.16 acres of land located in Forbes State Forest, for the purpose of placing excess dirt fill material resulting from the Borrower’s construction activities on a Pennsylvania Turnpike project in Cook Township, Westmoreland County, and Jefferson Township, Somerset County, Pennsylvania (the “Land-for-Fill Sites Transaction”) on the terms and conditions set forth in the Land Management Agreement.

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

1.         Definitions.   Capitalized terms used and not defined in this Amendment shall have the respective meanings given to such terms in the Credit Agreement.

2.         Amendments.  Subject to the satisfaction of the conditions precedent set forth in Section 3 

below, the Borrower, the Guarantors, the Administrative Agent and the Lenders each agree that the Credit Agreement shall be and hereby is amended effective as of the First Amendment Effective Date (as defined below) as follows:

(a)    Section 1.2 - Definitions.  Section 1.2 of the Credit Agreement is hereby amended by adding the following defined terms thereto in the appropriate alphabetical order:

““Bakersville Quarry Surplus Parcel” shall mean the irregular parcel of the Bakersville Quarry  comprising  11.6  acres  of  surplus  land  and  located  in  Jefferson  Township, Somerset County, Pennsylvania, to be subdivided from the Bakersville Quarry in accordance with the Land Management Agreement.

“First Amendment” shall mean that certain Amendment No. 1 to Term Loan Credit and Guaranty Agreement, dated September 3, 2015 and effective as of the First Amendment Effective Date, by and among the Borrower, the Guarantors, the Administrative Agent and the Lenders party thereto.

“First Amendment Effective Date” shall have the meaning given to such term in the First
Amendment.

“Land Management Agreement” shall mean that certain land management agreement, dated as of June 16, 2014, by and between Borrower and the Commonwealth of Pennsylvania, acting through the Department of Conservation and Natural Resources, Bureau of Forestry (the “Department”), pursuant to which Borrower has agreed to donate the Baskerville Quarry Surplus Parcel to the Department in exchange for the right to use three fill sites totaling 8.16 acres of land located in Forbes State Forest, Pennsylvania for the purpose of placing excess dirt fill material resulting from Borrower’s construction activities on a Pennsylvania Turnpike project in Cook Township, Westmoreland County, and Jefferson Township, Somerset County, Pennsylvania.”

(b)       New Subsection 7.1(b)(ix).  Section 7.1(b) is hereby amended by deleting the word “and” from the end of subsection 7.1(b)(viii), replacing the period at the end of subsection 7.1(b)(viii) with “; and”, and adding a new subsection 7.1(b)(ix) as follows:

“(ix)    the disposition of the Bakersville Quarry Surplus Parcel, solely if disposed of strictly in accordance with the express terms of the Land Management Agreement.”

(c)      Schedule 7.1(b) - Permitted Asset Sales. Schedule 7.1(b) of the Credit Agreement is hereby amended by adding the following numbered items to such Schedule 7.1(b) immediately following item numbered 3 thereon:

“4. The  sale  by  Borrower  of  its  Naginey  Quarry  business  in  Mifflin  County, Pennsylvania in the manner described in that certain presentation, dated June
2015, titled “Asset Rationalization”, as previously delivered to the Lenders and upon terms and conditions reasonably satisfactory to the Administrative Agent.
5.   The sale by Gateway Trade Center Inc., a New York corporation, of its Port of Buffalo (Gateway Trade Center) line of business in Buffalo, New York in the manner described in that certain presentation, dated June 2015, titled “Asset Rationalization”, as previously delivered to the Lenders and upon terms and conditions reasonably satisfactory to the Administrative Agent.

6.   The   sale   by   Borrower   of   non-productive   real   estate   in   Wescosville, Pennsylvania 

and the former Buffalo office on Clinton Street in Buffalo, New York in the manner described in that certain presentation, dated June 2015, titled “Asset Rationalization”, as previously delivered to the Lenders and upon terms and conditions reasonably satisfactory to the Administrative Agent.”

(d)    Section 7.6 - Capital Expenditures.  Section 7.6 of the Credit Agreement is hereby amended by adding the following sentence immediately at the end thereof:

“In addition to the amount of Capital Expenditures permitted pursuant to the preceding  sentence  of  this  Section  7.6,  on  and  after  the  First  Amendment Effective Date, the Loan Parties may incur Capital Expenditures in an aggregate additional amount for all Loan Parties equal to the unrestricted net cash proceeds actually received by the Loan Parties from the asset sales permitted under Section
7.1 or consented to in writing by the Required Lenders; provided, that the Borrower has certified to the Administrative Agent, in form and substance acceptable  to  the  Administrative  Agent,  that  the  closing  of  the  applicable permitted asset sale has taken place, that the conditions set forth in Section 7.1 or any consent applicable to such permitted asset sale have been satisfied, and the dollar  amount  of  unrestricted  cash  proceeds  received  with  respect  to  such permitted asset sale.”

3.         Conditions to Effectiveness of This Amendment.   The terms and provisions of this Amendment shall become effective as of August 31, 2015 upon the satisfaction or waiver by the Required Lenders of each of the following conditions precedent in a manner reasonably satisfactory to the Administrative Agent and the Required Lenders (the “First Amendment Effective Date”):

(a)       the Borrower shall have paid the Administrative Agent and the Lenders (or their designees) all fees then then due and payable as provided in the Credit Agreement or any Other Documents (including, without limitation, an amendment fee payable to the Lenders on pro rata basis in the amount of $50,000 and the fees, costs, disbursements and expenses of Stroock & Stroock & Lavan and any other legal counsel to the Lenders and the Administrative Agent);

(b)      receipt by the Administrative Agent of this Amendment, in form and substance  satisfactory  to  the  Administrative  Agent  in  its  sole  discretion,  duly  authorized, executed and delivered by the Borrower, each Guarantor, the Administrative Agent and the Lenders constituting the Required Lenders;
(c)       as of the date hereof, after giving effect to this Amendment, each of the representations and warranties contained in Section 4(f) hereof shall be true and correct in all respects;

(d)      each Loan Party shall have obtained all material consents necessary or advisable in connection with this Amendment;

(e)       receipt by the Administrative Agent of an executed copy of Amendment No. 1 to the Revolving Credit Agreement, dated as of the date hereof, by and among the Loan Parties  (as  such  term  is  defined  in  the  Revolving  Credit  Agreement),  the  Revolving  Loan Lenders constituting the Required Lenders (as such term is defined in the Revolving Credit Agreement) and the Revolving Administrative Agent; and

(f)        the Administrative Agent and the Required Lenders shall have received any other documents, instruments and agreements as the Administrative Agent and the Required Lenders shall have 

reasonably requested in connection with this Amendment.

4.    Provisions of General Application.

(a)       Effect of This Amendment.   Except as modified pursuant hereto, and pursuant to the other documents, instruments and agreements executed and delivered in connection herewith, no other changes or modifications to the Credit Agreement are intended or implied, and in all other respects the Obligations, Credit Agreement and Other Documents are hereby specifically ratified, restated and confirmed by all parties hereto as of the effective date hereof.  The Loan Parties hereby agree that this Amendment shall in no manner affect or impair the Obligations or the Liens securing the payment and performance thereof.  Except as expressly provided herein, this Amendment shall not, by implication or otherwise, limit, impair, constitute a waiver of or otherwise affect any rights or remedies of any Agent or any Lender under the Credit Agreement or the Other Documents, nor alter, modify, amend or in any way affect any of the obligations or covenants contained in the Credit Agreement or any of the Other Documents, all of which are ratified and confirmed in all respects and shall continue in full force and effect. Each  Loan  Party  hereto  hereby  ratifies  and  confirms  all  of  its  respective  obligations  and liabilities under the Credit Agreement and each Other Document to which it is party, as expressly modified herein.  On and after the date hereof, this Amendment shall for all purposes constitute an Other Document.   It shall be an Event of Default under the Credit Agreement if any Loan Party fails to perform, keep or observe any term, provision, condition, covenant or agreement contained in this Amendment or if any representation or warranty made by any Loan Party under or in connection with this Amendment shall be untrue, false or misleading in any respect when made. By entering into this Amendment, the Administrative Agent and the Lenders have not waived any breach of the Credit Agreement or any Event of Default, and have no intention of waiving any right, power or remedy of any Agent or Lender under the Credit Agreement, any Other Document or Applicable Law.   To the extent of conflict between the terms of this Amendment and the Credit Agreement, the terms of this Amendment shall control.  The Credit Agreement as amended hereby shall be read and construed with this Amendment as one agreement.  On and after the date hereof, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement,
and each reference in each of the Other Documents to “the Credit Agreement”, “thereunder”, “thereof” or words  of like import  referring to  the Credit  Agreement,  shall  mean  and  be a reference to the Credit Agreement as amended by this Amendment.

(b)       No  Third  Party  Beneficiaries.     The  terms  and  provisions  of  this Amendment shall be for the benefit of the parties hereto and their respective successors and assigns; no other person, firm, entity or corporation shall have any right, benefit or interest under this Amendment.

(c)       Further Assurances.  The Borrower and the Guarantors shall execute and deliver  such  additional  documents  and  take  such  additional  action  as  may  be  reasonably necessary to effectuate the provisions and purposes of this Amendment.

(d)       Binding Effect.  This Amendment shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors and assigns.

(e)       Merger.      This   Amendment   sets   forth   the   entire   agreement   and understanding of the parties with respect to the matters set forth herein. This Amendment cannot be changed, modified, amended or terminated except in a writing executed by the party to be charged.

(f)    Representations and Warranties.

(A)      All representations and warranties made in this Amendment or any other document furnished in connection with this Amendment shall survive the execution and delivery of this Amendment and the other documents, and no investigation by the Administrative Agent or any closing shall affect the representations and warranties or the right of the Administrative Agent to rely upon them.

(B)      In order to induce the Lenders and the Administrative Agent to agree to amend the Credit Agreement in the manner set forth herein, each Loan Party hereby makes the following representations and warranties, which shall survive the execution and delivery of this Amendment:

(i)        as  of  the  date  hereof,  both  before  and  after  giving  effect  to  the amendments herein, no Default or Event of Default has occurred and is continuing;

(ii)       each of the representations and warranties of such Loan Party made in the Credit Agreement and in the Other Documents is true and correct in all respects (or in all material respects if any such representation or warranty is not by its terms already qualified as to materiality) both before and after giving effect to the amendments contemplated hereby as though each such representation and warranty were made at and as of the date hereof unless relating solely to an earlier date, in which case such representation and warranty shall be true and correct in all respects as of such earlier date (or in all material respects as of such earlier date if any such representation or warranty is not by its terms qualified as to materiality);

(iii)     the execution, delivery and performance by it of this Amendment and the consummation of the transactions contemplated hereby do not and will not require any registration with, consent, or approval of, or notice to, or any other action with or by, any third   party,   including,   without   limitation,   any   Governmental   Body,   other   than registrations, consents, approvals, notices or other actions that have been obtained and that are still in force and effect where the failure to obtain the foregoing has or could reasonable expected to have a Material Adverse Effect;

(iv)     such Loan Party has all requisite power and authority to enter into this Amendment  and  to  carry  out  the  transactions  contemplated  by,  and  perform  its obligations under, the Credit Agreement as amended by this Amendment, and the Other Documents;

(v)       this  Amendment,  and  the  performance  of  the  Credit  Agreement,  as amended hereby, and the Other Documents, has been duly authorized, executed and delivered by all necessary action by such Loan Party, and upon execution by the parties set forth on the signature lines below, this Amendment will constitute the legal, valid and binding obligation of such Loan Party, enforceable against it in accordance with the terms hereof;

(vi)     such Loan Party has no existing claims or causes of action against the Administrative Agent or any of the Lenders in connection with the Credit Agreement, the Other Documents or the Obligations;

(vii)     each  of  the  Collateral  Documents,  and  all  of  the  Liens  and  security interests  granted  thereunder,  do  and  shall  continue  to  secure  the  payment  of  all Obligations as set forth in such Collateral Documents, and constitute valid and perfected Liens and security interests with the priorities set forth in the Collateral Documents and the Intercreditor Agreements;

(viii)  the execution, delivery, and performance by such Loan Party of this Amendment and the transactions contemplated hereby do not and will not (A) violate any provision of federal, provincial, state, or local law or regulation applicable to such Loan Party, any other Loan Party, or 

any of their Subsidiaries, or any injunction, restraining order, writ, order, judgment, or decree of any court or other Governmental Body binding on such Loan Party, any other Loan Party or any of their Subsidiaries, where such violation has or could reasonably be expected to have a Material Adverse Effect, (B) violate any provisions of the Organizational Documents of such Loan Party, any other Loan Party or any of their Subsidiaries, (C) conflict with, result in a breach of, or constitute (with due notice or lapse of time or both) a default under any Material Contract of such Loan Party, any other Loan Party or any of their Subsidiaries where any such conflict, breach or default has or could individually or in the aggregate reasonably be expected to have a Material Adverse Effect, (D) result in or require the creation or imposition of any Lien of any nature whatsoever upon any assets of such Loan Party or any other Loan Party, other than Permitted Encumbrances, or (E) require any approval of any holders of Equity Interests of such Loan Party or any other Loan Party, or any approval or consent of any Person under any Material Contract of such Loan Party or any other Loan Party, other than consents or approvals that have been obtained and that are still in force and effect and except, in the case of Material Contracts, for consents or approvals, the failure to obtain could not individually or in the aggregate reasonably be expected to have a Material Adverse Effect;

(ix)    the assets added to Schedule 7.1(b) of the Credit Agreement pursuant to
Section 2(b) hereof are not material to the business operations of the Loan Parties; and

(x)       the terms and conditions of the Land-for-Fill Sites Transaction have been negotiated at arms’ length, and the Borrower will receive consideration at the time of sale at least equal to the Fair Market Value of the assets sold.  The current Fair Market Value of the Subject Property is less than $50,000.  No Inventory or other ABL First Lien Collateral (other than the conveyed real estate) will be conveyed in the Land-for Fill Sites Transaction.  There will be no cash proceeds of the Land-for-Fill Site Transaction.  The Land-for Fill Sites Transaction is permitted by the Senior Notes Indenture.

(g)       Severability.    Any  provision  of  this  Amendment  held  by  a  court  of competent jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder of this Amendment.

(h)       Counterparts; Electronic Signatures.  This Amendment may be executed in any number of counterparts, each of which shall be an original, and all of which, when taken together, shall constitute one agreement.   Delivery of an executed signature page of this Amendment by facsimile transmission or scanned electronic transmission shall be effective as delivery of a manually executed counterpart hereof.

(i)        Governing Law.  This Amendment and all matters relating hereto shall, in accordance with Section 5-1401 of the General Obligations Law of the State of New York, be governed by and construed in accordance with the laws of the State of New York.

(j)        Release.  Each Loan Party, on behalf of itself, the other Loan Parties and their Affiliates, hereby acknowledges and agrees that it does not have any defenses, counterclaims, offsets, cross-complaints, claims or demands of any kind or nature whatsoever that can be asserted to reduce or eliminate all or any part of the liability of such Loan Party and the  other  Loan  Parties  to  repay  the  Lenders  as  provided  in  this  Amendment,  the  Credit Agreement and the Other Documents or to seek affirmative relief or damages of any kind or nature from any Agent or Lender party hereto.  Each Loan Party, on behalf of itself, the Other Loan Parties and their Affiliates, hereby voluntarily and knowingly releases and forever discharges the Agent and the Lenders party hereto and Agent’s and each Lender party hereto’s predecessors, 

agents, employees, successors and assigns, from any and all possible claims, demands, actions, causes of action, damages, costs, or expenses, and liabilities whatsoever, of every kind, nature and character whatsoever, whether known or unknown, anticipated or unanticipated, suspected or unsuspected, fixed, contingent, or conditional, at law or in equity, originating in whole or in part on or before the date this Amendment is fully executed, which any Loan Party, the other Loan Parties, and their Affiliates may now or hereafter have against any Agent or Lender party hereto in their capacities as such, and any Agent’s or any Lender party hereto’s predecessors, agents, employees, successors and assigns, if any, in their capacities as such, and irrespective of whether any such claims arise out of contract, tort, violation of law or regulations, or otherwise, including, without limitation, the exercise of any rights and remedies under  this  Amendment,  the  Credit  Agreement  or  Other  Documents,  and  negotiation  and execution of this Amendment.

(k)       Complete Agreement.   This Amendment, the Credit Agreement and the Other Documents represent the final agreement among the parties and may not be contradicted by evidence of prior, contemporaneous or oral agreements of the parties.

(l)        Headings.    Section  and  Subsection  headings  in  this  Amendment  are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect.

[Remainder of page intentionally left blank]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written.

NEW ENTERPRISE STONE & LIME CO., INC.
        
   	
	
	By:    /s/ Albert L. Stone

	          Name: Albert L. Stone

	          Title: Executive Vice President Chief

	          Financial Officer & Treasurer

ASTI TRANSPORTATION  SYSTEMS, INC.,
Ell TRANSPORT INC.,
GATEWAY TRADE CENTER INC.,
PRECISION SOLAR CONTROLS INC.,
PROTECTION SERVICES INC., 
SCI PRODUCTS INC.,
WORK AREA PROTECTION CORP.

                            
   	
	
	By: 

	          Name: Paul I. Detwiler, III

	          Title: Vice President, Secretary & 

	          Treasurer

[Signatures continue on next page.]

Amendment No. 1 to NESL Term Loan Credit and Guaranty Agreement

CORTLAND CAPITAL MARKET SERVICES LLC,
as the Administrative Agent

[Signatures continue on next page.]

Amendment No. 1 to NESL Term Loan Credit and Guaranty Agreement

CORPORATE CAPITAL  TRUST, INC., 
as a Lender

        
                            	
	
	By: 

	          Name: Jeffrey M. Smith

	          Title: Authorized Signatory

[Signatures continue on next page.]

Amendment No. 1 to NESL Term Loan Credit and Guaranty Agreement

KKR-VRS  CREDIT  PARTNERS L.P., 
as a Lender

        
                            	
	
	By: 

	          Name: Jeffrey M. Smith

	          Title: Authorized Signatory

[Signatures continue on next page.]

Amendment No. 1 to NESL Term Loan Credit and Guaranty Agreement

LINCOLN INVESTMENT SOLUTIONS, INC.,
as a Lender

        
                            	
	
	By: 

	          Name: Jeffrey M. Smith

	          Title: Authorized Signatory

Amendment No. 1 to NESL Term Loan Credit and Guaranty Agreement

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