Document:

Conditional Waiver and Extension Agreement

 Exhibit 4.32 
 CONDITIONAL WAIVER AND EXTENSION AGREEMENT 
  

	(1)	CEMEX, S.A.B. de C.V. (“CEMEX Parent”) 

 Ave. Ricardo Margáin Zozaya # 325 
 Col. Valle del Campestre 
 Garza García, N.L. 66265 México 
  

	(2)	CEMEX España, S.A. (“CEMEX España”) 

 Hernández de Tejada, 1 
 28027 Madrid 
 Spain 
 April 2009 
 Dear Sirs 
 Conditional Waiver and Extension Agreement 
  

	1.	Introduction 

 The undersigned banks and financial
institutions (the “Lenders”) have entered into this Letter to document certain temporary conditional waivers and agreements for extensions of repayment dates in relation to certain credit facilities and other financial accommodation
made available by them to members of the Group (the “Transaction”). In entering into this Letter, and any discussions and negotiations with CEMEX Parent and CEMEX España, each of the Lenders is acting severally, for its own
account as principal, and not as agent or representative of any other creditor or institution. 
  

	2.	Definitions and interpretation 

 Capitalised terms
used in this Letter have the meanings given to them in paragraph 1 (Definitions) of Annex 2 (Definitions and interpretation) and this Letter shall be construed in accordance with paragraph 2 (Construction) of Annex 2
(Definitions and interpretation). 
  

	3.	Conditional Waivers and Extensions 

  

	3.1	Each Lender agrees: 

  

	 	(a)	in relation to each Relevant Existing Facility listed in Part A and Part B of Annex 3 (Exposures), to extend the payment date of any principal sums (including, for the
avoidance of doubt, any net balance resulting from the close out of derivatives transactions or any collateral agreements related thereto or any notes issued in connection therewith) which fall due for payment under such Relevant Existing Facility
during the Relevant Period (except to the extent falling due pursuant to any Illegality Clause) until the end of the Relevant Period (at which time such amounts shall be payable in accordance with sub paragraph 3.3 below); 

 

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	 	(b)	in relation to each Relevant Existing Facility listed in Part A and Part B of Annex 3 (Exposures), to temporarily waive, for the Relevant Period: 

  

	 	(i)	any and all Defaults which may arise under (a) any Insolvency Clause or (b) a Material Adverse Change Clause, in each case as a result of or in connection with the events
or circumstances described in the Presentations provided that, to the extent that any such Default arises as a result of discussions with creditors, such discussions are Agreed Discussions; 

  

	 	(ii)	any Cross Default; 

  

	 	(iii)	any and all Defaults arising under the Notification Clause in respect of the matters referred to in sub paragraphs (i) and (ii) above and (iv) below;

  

	 	(iv)	any and all Defaults arising out of, and any consequential misrepresentation under any Related Representation in such Existing Facility in respect of, the matters referred to in sub
paragraphs (i) to (iii) above, 

 provided that, for the avoidance of doubt, no waiver shall be granted under
this sub paragraph (b) by any Lender which is not a member of the G12 other than in relation to the facilities made available by it pursuant to the RMC Facilities Agreement and, if such Lender is a Euro/Yen Lender, the Euro/Yen Facilities
Agreement; and 
  

	 	(c)	where necessary, to amend documents relating to a Relevant Existing Facility to incorporate the waivers and extensions (and any amendments consequent thereto) granted in this
Letter. 

  

	3.2	The provisions of sub paragraph 3.1 above will have effect on the date on which all of the conditions set out in Annex 4 (Conditions Precedent) are satisfied or waived.

  

	3.3	The waivers and extensions granted in sub paragraph 3.1 above are temporary waivers to apply only during the Relevant Period. At the end of the Relevant Period, subject to any
express agreement in writing to the contrary, such waivers shall automatically terminate and (A) all rights and remedies which would have been available to the Lenders had such waivers not been granted shall become immediately available and
(B) the amount of all Extended Payments shall become immediately due and payable and all other amounts outstanding under each Relevant Existing Facility (together with any accrued interest or other amounts payable in respect thereof) shall be
payable on demand of those institutions which would be the Required Lenders under such Relevant Existing Facility in relation to exercising acceleration or other rights following an event of default thereunder provided that if:

  

	 	(a)	a voluntary case or proceeding under any Relevant Insolvency Law has been commenced by CEMEX Parent or any Obligor or it has made any filing seeking such relief under any Relevant
Insolvency Law, even in the absence of any judicial resolution in respect of such filing; 

  

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	 	(b)	an involuntary proceeding under any Relevant Insolvency Law is commenced against CEMEX Parent or any Obligor or an order for relief or any other similar order under applicable law
is granted and such proceeding or order is not dismissed or stayed within 10 business days, or CEMEX Parent or any Obligor consents to the commencement of such an involuntary proceeding; 

  

	 	(c)	any stay or prohibition or other circumstances exist under any law which would make it unlawful in any relevant jurisdiction for any Lender to make, or otherwise prohibit the making
of, demand in respect of the outstanding amounts under the Relevant Existing Facilities to which any of the Lenders is a party; or 

  

	 	(d)	there is a general or specific moratorium, or any similar measure, declared or taken by any governmental authority limiting, restricting or otherwise affecting the ability of CEMEX
Parent or any Obligor to perform its obligations under an Existing Facility, 

 then, instead of being payable on demand, as
indicated in (B) above, all such outstanding amounts shall become immediately due and payable (and all commitments under such Existing Facilities shall be cancelled) automatically and without the need for any demand or other claim. 

 

	3.4	Each of the events set out in Annex 5 (Termination Events) constitutes a Termination Event. 

  

	3.5	If a Termination Event specified in paragraphs (a) to (l) of Annex 5 (Termination Events) occurs after the Reference Date then the Relevant Period shall, with effect from
notification by any Lender to the Co-ordinators and CEMEX Parent, immediately terminate (such notice to be given simultaneously, with a copy to be sent by the Co-ordinators to the Lenders). 

  

	3.6	If a Termination Event specified in paragraph (m) of Annex 5 (Termination Events) occurs, then on the date falling 7 days after the date of the notice (a
“Termination Notice”) given by the Terminating Lender as referred to in that paragraph (a “Termination Date”), the agreements given by that Terminating Lender in sub paragraph 3.1 above shall terminate, and that
Terminating Lender shall cease to be bound by the terms of this Letter provided that notwithstanding the delivery of such Termination Notice by the Terminating Lender, the other Lenders shall continue to be bound by this Letter in accordance
with, and subject to, its terms but provided further that 

  

	 	(a)	following any such Termination Notice being given by a Terminating Lender (an “Initial Terminating Lender”), any other Lender (a “Further Terminating
Lender”) may also give a Termination Notice not less than two days prior to the relevant Termination Date applicable to the Initial Terminating Lender; and 

  

	 	(b)	such Further Terminating Lender shall cease to be bound by the terms of this Letter on the relevant Termination Date applicable to that Initial Terminating Lender.

  

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	4.	Undertakings and representations of CEMEX Parent and the Obligors 

  

	4.1	CEMEX Parent and each of the Obligors undertakes: 

  

	 	(a)	to procure that, no later than the date of this Letter, FTI Consulting Canada ULC. has been appointed as financial adviser to the Lenders; 

  

	 	(b)	to: 

  

	 	(i)	conduct a critical review of its operations in all countries in which it has Subsidiaries, operations and/or assets; 

  

	 	(ii)	identify assets and/or shares in any Subsidiary or other companies in any such countries for disposal with a view to reducing borrowing levels of the Group as soon as reasonably
practicable using the sale proceeds from such disposals; and 

  

	 	(iii)	by no later than Friday 24 April 2009 (or such later date as may be agreed by the parties to this Letter acting reasonably), hold a meeting to which all of the Lenders (and as
many other Financial Creditors of the Group as CEMEX Parent may reasonably elect) are invited to present and discuss the results of its analysis with respect to the disposals referred to in sub paragraph (ii) above (with copies of such analysis
to be circulated to the Co-ordinators for distribution to the Lenders no later than Monday 20 April 2009 (or such later date as may be agreed by the parties to this Letter acting reasonably)); 

  

	 	(c)	to examine the possibilities of an increase of share capital of CEMEX Parent or another member of the Group and, if appropriate, to take reasonable steps to prepare for such an
increase of share capital at a future date; 

  

	 	(d)	to agree with the Lenders, within 3 weeks of the date of this Letter, a set of mutually acceptable milestones and dates for achievement of such milestones; 

 

	 	(e)	to explore the availability of financial support, direct and indirect, from the Mexican government; and 

  

	 	(f)	to notify the Co-ordinators (with a copy of such notice to be sent by the Co-ordinators to the Lenders) of any Termination Event promptly on becoming aware of its occurrence (unless
that Obligor is aware that a notification has already been given by another Obligor) provided that the giving of such a notification shall not itself cause the Relevant Period to terminate and, for the avoidance of doubt, any termination of the
Relevant Period shall be made in accordance with paragraphs 3.5 and 3.6 of paragraph 3 (Conditional Waivers and Extensions). 

  

	4.2	Each Obligor makes the representations and warranties set out in Annex 6 (Representations and Warranties): 

  

	 	(a)	(with the exception of paragraph (e) of Annex 6 (Representations and Warranties)) as of the date of this Letter; and 

  

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	 	(b)	(for the avoidance of doubt, including paragraph (e) of Annex 6 (Representations and Warranties)), as of the first day of each calendar month thereafter during the
Relevant Period, 

 in each case by reference to the facts and circumstances then existing. 
  

	5.	Co-operation with Due Diligence and Lenders’ Financial Adviser 

  

	5.1	The Lenders are authorised to engage FTI Consulting Canada ULC. as a financial adviser in connection with the Transaction to conduct an independent business review including a
strategic analysis (but, for the avoidance of doubt, excluding involvement in the running of CEMEX Parent or any member of the Group). The scope of the engagement of such adviser will be as determined from time to time by the Co-ordinators (in
consultation with the Committee Banks), subject to consultation with CEMEX Parent. The initial scope of the engagement of the adviser will be sent to CEMEX Parent once it has been agreed. The Lenders may change the financial adviser, any one or more
of the accountants or other firms advising them and the Co-ordinators (in consultation with the Committee Banks) may change the scope of their engagement at any time. 

  

	5.2	CEMEX Parent shall, and shall ensure that each member of the Group will: 

  

	 	(a)	co-operate and work with such financial adviser that may be appointed under sub-paragraph 5.1 above so as to provide them with full access to all information reasonably required to
complete their investigation of the financial condition of the Group; and 

  

	 	(b)	co-operate, and procure that its legal advisers co-operate, with any legal advisers appointed by the Lenders so as to provide them with full access to all information (excluding
legally privileged information) reasonably required in connection with legal due diligence (including, without limitation, granting access to any data rooms). 

  

	6.	Preservation of Rights and Override 

 Save as
expressly referred to in sub paragraph 3.1 of paragraph 3 (Conditional Waivers and Extensions), all terms and conditions of each Existing Facility to which a Lender is a party shall remain in full force and effect and are not modified in any
respect by the provisions of this Letter, including paragraph 4 (Undertakings and representations of CEMEX Parent and the Obligors), and each Lender reserves all rights and remedies it may have against any member of the Group except as
expressly provided in this Letter. In the event of any inconsistency between the terms of any Relevant Existing Facility and the terms of this Letter (other than paragraphs 11 (Governing Law) and 12 (Jurisdiction)), the terms of this
Letter will prevail. 
  

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	7.	Effect of Agreements in this Letter 

  

	7.1	If a Lender is a party to a Relevant Existing Facility in respect of which the Required Lenders have not yet agreed to each of the matters referred to in sub paragraph 3.1 of
paragraph 3 (Conditional Waivers and Extensions), then until such time as such Required Lenders do so agree, the provisions of sub paragraph 3.1 of paragraph 3 (Conditional Waivers and Extensions) shall, subject to the other provisions
of this Letter, take effect in relation to such Lender under and in respect of such Relevant Existing Facility as: 

  

	 	(a)	an agreement to vote in any deliberations of the creditors under such Relevant Existing Facility, in favour of bringing about the consequences referred to in sub paragraph 3.1 of
paragraph 3 (Conditional Waivers and Extensions); and 

  

	 	(b)	an agreement not to act in any way inconsistent with bringing about the consequences referred to in sub paragraph 3.1 of paragraph 3 (Conditional Waivers and Extensions) in
respect of such Relevant Existing Facility except as may be required by the terms of such Relevant Existing Facility or as may be necessary to protect or preserve its rights under such Relevant Existing Facility in connection with any action decided
upon by the Required Lenders, 

 provided that so long as such Lender acts in accordance with this paragraph 7 (Effect
of Agreements in this Letter), such Lender shall have no liability for failing to bring about an effective waiver or extension referred to in sub paragraph 3.1 of paragraph 3 (Conditional Waivers and Extensions) or for failing to prevent
lenders generally under such Relevant Existing Facility acting in a manner which is inconsistent with sub paragraph 3.1 of paragraph 3 (Conditional Waivers and Extensions). 
  

	7.2	For the avoidance of doubt, nothing in this Letter shall impose on any Lender any obligation to agree to any proposal with respect to Financial Indebtedness owing to it (except for
the extensions and waivers pursuant to sub paragraph 3.1of paragraph 3 (Conditional Waivers and Extensions)) under any Existing Facility and nothing in this Letter constitutes a commitment by any Lender to provide financing to any member of
the Group. 

  

	8.	General 

  

	8.1	No amendment or waiver of this Letter shall be effective unless it is made in writing and signed by each party. 

  

	8.2	Notwithstanding any other provision of this Letter, no Lender shall be liable for (i) any indirect, special, punitive or consequential damages in connection with its activities
related to this Letter (and, in the case of a Lender which is a Co-ordinator, under no circumstances whatsoever will such Lender have any liability under or in respect of this Letter in relation to its activities as a Co-ordinator) or (ii) any
action that it takes or the omission of any action by it that results in a Termination Event, unless due to a breach of its obligations under this Letter or the Derivatives Side Letter. 

  

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	8.3	Each member of the G12 agrees to take reasonable steps to ensure that all of its facilities and amounts maturing during the Relevant Period are included in Annex 3 (Exposures) and
will promptly inform the other members of the G12 of any changes to Annex 3 (Exposures) relating to the Exposures of that G12 member. 

  

	9.	Acceding Lenders and Acceding Obligors 

  

	9.1	At any time, a Financial Creditor of any member of the Group which is not already a party hereto may become party hereto as a Lender by delivery to CEMEX Parent and the
Co-ordinators a Lender Accession Letter specifying details of (and designating as an Existing Facility) each facility to which such Financial Creditor is a party and, in the case of any Existing Facility for which an extension pursuant to sub
paragraph 3.1(a) of paragraph 3 (Conditional Waivers and Extensions) is to be granted, stating its Exposure thereunder. 

  

	9.2	Upon delivery of a Lender Accession Letter in accordance with sub paragraph 9.1 above, the Financial Creditor shall become a Lender hereunder, entitled to all of the rights and
benefits expressed in favour of, and subject to all of the agreements made by and obligations expressed to be undertaken by, a Lender in this Letter. 

  

	9.3	The Co-ordinators will, as soon as reasonably practicable after the date of a Lender Accession Letter, update the list of Exposures contained in Annex 3 (Exposures) to
include the Exposures of the relevant Financial Creditor which has delivered such Lender Accession Letter, and once amended, circulate the same to CEMEX Parent and the Lenders (and such updated form of Annex 3 (Exposures) shall be deemed to
replace Annex 3 (Exposures) of this Letter). 

  

	9.4	Each of CEMEX Parent and CEMEX España shall use its best endeavours to procure that, as soon as reasonably practicable after: 

  

	 	(a)	the date of this Letter, each Subsidiary Obligor; and 

  

	 	(b)	the date of any Lender Accession Letter which refers to an Existing Facility in respect of which a member of the Group which is not an Obligor is a borrower or guarantor, such
member of the Group, 

 shall, in each case, become a party to this Letter (and, if such Obligor is a CEMEX Derivatives Party
(as defined in the Derivatives Side Letter), the Derivatives Side Letter) as an Acceding Obligor upon delivery to the Lenders of an Obligor Accession Letter together with supporting corporate authorities (including board resolutions or equivalent,
powers of attorney (if relevant) and copies of constitutional documents (unless such documents have previously been provided to the Co-ordinators in relation hereto)). 
  

	10.	Fees 

  

	10.1	In consideration of the agreements given by the Lenders in this Letter, CEMEX Parent and CEMEX España shall pay to each Lender the following fees at the times set out below:

  

	 	(a)	a fee of 0.75% on the amount of its Extended Payment, which shall be payable on the date at which the provisions of sub paragraph 3.1 of paragraph 3 (Conditional Waivers and
Extensions) become effective in accordance with sub paragraph 3.2 of that paragraph (or to the extent such Extended Payment relates to a Relevant Existing Facility that consists of one or more derivatives transactions, the later of such date and the
date of close out of all such derivatives transactions); 

  

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	 	(b)	a fee which shall be payable on each of 24 April 2009 and 24 May 2009 (or to the extent such Extended Payment relates to a Relevant Existing Facility that consists of one
or more derivatives transactions, the later of such date and the date of close out of all such derivatives transactions) in an amount of 0.25% on the amount of its Extended Payment (provided that the Relevant Period has not been terminated prior to
such date); and 

  

	 	(c)	a fee of 0.50% on the amount of its Extended Payment, which shall be payable on 24 June 2009 (provided that the Relevant Period has not been terminated prior to such date).

  

	10.2	The fees referred to in sub-paragraph 10.1 above shall be payable in immediately available, freely transferable, cleared funds to such accounts as the Lenders may advise and in
full, without any set-off, deduction or withholding of any kind. 

  

	11.	Governing Law 

 This Letter and any non-contractual
obligations arising out of or in connection with it is governed by English law. 
  

	12.	Jurisdiction 

  

	12.1	The courts of England have non exclusive jurisdiction to settle any dispute arising out of or in connection with this Letter (including a dispute regarding the existence, validity
or termination of this Letter) or any non-contractual obligations arising out of or in connection with this Letter (a “Dispute”). 

  

	12.2	The Obligors agree that the courts of England are the most appropriate and convenient courts to settle Disputes and accordingly no Obligor will argue to the contrary, and each such
Obligor waives any right to which it may be entitled on account of place of residence or domicile. 

  

	12.3	This paragraph 12 is for the benefit of the Lenders only. As a result, no Lender shall be prevented from taking proceedings relating to a Dispute in any other courts with
jurisdiction. To the extent allowed by law or regulation, the Lenders may take concurrent proceedings in any number of jurisdictions. 

  

	12.4	Each of the parties to this Letter hereby irrevocably waives any and all right to trial by jury in any suit, action or proceeding or counterclaim arising out of or relating to any
of the transactions contemplated by this Letter or the actions of any Lender in the negotiation, administration, performance or enforcement thereof. 

  

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	12.5	Without prejudice to any other mode of service allowed under any relevant law or regulation, each of the Obligors: 

  

	 	(a)	shall irrevocably appoint CEMEX UK at its registered address being, as at the date of this Letter, CEMEX House, Coldharbour Lane, Thorpe, Egham, Surrey TW20 8TD and with fax number
(+44) 01932 568933, Attn: The Secretary (the “Process Agent”) as its agent for service of process in relation to any proceedings before the English courts in connection with this Letter and shall procure that the Process Agent
confirms its acceptance of that appointment in writing on or before the date of this Letter; and 

  

	 	(b)	agrees that failure by the Process Agent to notify the relevant Obligor of the process will not invalidate the proceedings concerned. 

  

	13.	Counterparts 

 This Letter may be executed in any
number of counterparts and this has the same effect as if the signatures on the counterparts were on a single copy of this Letter. 
 Please sign below in
agreement of this Letter. 
 Yours faithfully, 
  

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	 Australia and New Zealand Banking 

	
	 Group Limited

		
	By:	 	 /s/ John W. Wade

		 	John W. Wade
		 	 Deputy General Manager
 Head of Operations and
Infrastructure

  

 10 

			
	Banco Bilbao Vizcaya Argentaria, S.A.
		
	By:	 	 /s/ Lionel de [illegible]

		 	Lionel de [illegible]
		
	By:	 	 /s/ Jose Garcia [illegible]

		 	Jose Garcia [illegible]

  

 11 

			
	 BBVA Bancomer, S.A. Institución de Banca Múltiple Grupo Financiero BBVA Bancomer

		
	By:	 	 /s/ Alejandro [illegible]

		 	Alejandro [illegible]
		 	[illegible]
		
	By:	 	 /s/ Jorge Ricardo Cano

		 	Jorge Ricardo Cano
		 	[illegible]

  

 12 

			
	 Banco Bilbao Vizcaya Argentaria, S.A., New York Branch

		
	By:	 	 /s/ [illegible]

		 	[illegible]
		 	Assistant Vice-President
		 	International Corporate Banking
		
	By:	 	 /s/ Rodolfo Hare

		 	Rodolfo Hare
		 	Vice-President
		 	Global Corporate Banking

  

 13 

			
	 Banco Santander, S.A.

		
	By:	 	 /s/ [illegible]

		 	Juan [illegible]
		 	Attorney-in-fact

  

 14 

			
	 Bank of America, Sucursal en España

		
	 By:
	 	 /s/ Vicente [illegible]

		 	 Vicente [illegible]

  

 15 

			
	 Bank of America, N.A.

		
	By:	 	 /s/ Gustavo Muñiz

		 	Gustavo Muñiz
		 	Senior Vice President

  

 16 

			
	 Barclays Bank PLC, Sucursal en España

		
	By:	 	 /s/ Cindy Gargano

		 	Cindy Gargano
		 	Managing Director

  

 17 

			
	 BNP Paribas

		
	By:	 	 /s/ [illegible]

		 	[illegible]
		
	By:	 	 /s/ [illegible]

		 	[illegible]

  

 18 

			
	 Calyon

		
	By:	 	 /s/ Pierre [illegible]

		 	Pierre [illegible]
		 	Managing Director
		
	By:	 	 /s/ Richard Teitelbaum

		 	Richard Teitelbaum
		 	Director

  

 19 

			
	 Citibank International plc, Sucursal en España

		
	By:	 	 /s/ Kim W. [illegible]

  

 20 

			
	 Citibank, N.A. New York

		
	By:	 	 /s/ Flavio [illegible]

		 	Flavio [illegible], MD

  

 21 

			
	 HSBC Bank plc

		
	By:	 	 /s/ [illegible]

  

 22 

			
	 HSBC Bank plc, Sucursal en España

		
	By:	 	 /s/ Mark Hall

		 	Mark Hall

  

 23 

			
	 HSBC México, S.A., Institución de Banca Múltiple, Grupo Financiero HSBC

		
	By:	 	 /s/ Kenneth F. Kryzda

		 	Kenneth F. Kryzda

  

 24 

			
	 HSBC México, S.A., Institución de Banca Multiple, Grupo Financiero HSBC, acting through its Grand Cayman
Branch

		
	 By:
	 	 /s/ Kenneth F. Kryzda

		 	 Kenneth F. Kryzda

  

 25 

			
	 ING Bank N.V. (on behalf of itself and its subsidiaries) 

		
	By:	 	 /s/ M.P.W. Van Klink 

		 	M.P.W. Van Klink
		
	By:	 	 /s/ H. Werger 

		 	H. Werger 

  

 26 

			
	 ING Bank (México), SA, Institución de Banca Multiple

		
	By:	 	 /s/ Miguel Estrada [illegible]

		 	Miguel Estrada [illegible]
		 	Attorney-in-fact
		
	By:	 	 /s/ José Carassó [illegible] 

		 	José Carassó [illegible]
		 	Director

  

 27 

			
	 ING Belgium S.A., Sucursal en España

		
	By:	 	 /s/ Monica Martinez 

		 	Monica Martinez 
		
	By:	 	 /s/ [illegible] 

		 	[illegible]

  

 28 

			
	 JPMORGAN CHASE BANK, N.A. 

		
	By:	 	 /s/ William A. Austin

		 	William A. Austin
		 	Executive Director

  

 29 

			
	 The Royal Bank of Scotland plc 

		
	By:	 	 /s/ [illegible]

  

 30 

			
	 ABN Amro Bank N.V.

		
	By:	 	 /s/ Luis Moreno 

		 	Luis Moreno 
		
	By:	 	 /s/ Hernan Lopez [illegible] 

		 	Hernan Lopez [illegible] 

  

 31 

			
	 Lloyds TSB Bank plc 

		
	By:	 	 /s/ A.P. [ ]artley

		 	A.P. [ ]artley
		 	Senior Manager

  

 32 

			
	 Banco Español de Crédito, S.A. 

		
	By:	 	 /s/ [illegible] Gonzalez [illegible] 

		 	[illegible] Gonzalez [illegible]
		
	By:	 	 /s/ [illegible] Alcubilla Gil 

		 	[illegible] Alcubilla Gil

  

 33 

			
	 Fortis Bank N.V. 

		
	By:	 	 /s/ Miguel Otero 

		 	Miguel Otero
		
	By:	 	 /s/ Jose Sarasola 

		 	Jose Sarasola

  

 34 

			
	 Instituto de Credito Oficial 

		
	By:	 	 /s/ Antonio Bandres

		 	 Antonio Bandres

		 	 Head of International Finance

  

 35 

			
	 WestLB AG 

		
	By:	 	 /s/ Raul Calvo Tudela 

		 	Raul Calvo Tudela
		
	By:	 	 /s/ Berto Nuvoloni 

		 	Berto Nuvoloni

  

 36 

			
	 Scotiabank Europe plc 

		
	By:	 	 /s/ Mark Sparrow

		 	Mark Sparrow
		 	Director

  

 37 

			
	 The Bank of Tokyo-Mitsubishi UJF, Ltd., Sucursal en España 

		
	By:	 	 /s/ Naoshi Miyajima

		 	Naoshi Miyajima
		 	General Manager
		
		 	The Bank of Tokyo-Mitsubishi UFJ, Ltd., Mexico City Representative Office on behalf of the Bank of Tokyo-Mitsubishi UFJ, Ltd., Sucursal en España

  

 38 

			
	 Bayerische Landesbank Girozentrale 

		
	By:	 	 /s/ Nikolai von Mengden

		 	Nikolai von Mengden
		 	Senior Vice President
		
	By:	 	 /s/ Gina Hoey

		 	Gina Hoey
		 	Vice President

  

 39 

			
	 Deutsche Bank Luxembourg S.A. 

		
	By:	 	 /s/ [illegible]

  

 40 

			
	 Unicredit S.p.A. - Madrid Branch 

		
	By:	 	 /s/ M. Campana

		 	M. Campana
		 	Director General
		
	By:	 	 /s/ [illegible] Pozzolo

		 	[illegible] Pozzolo
		 	Subdirector

  

 41 

			
	 The Governor and Company of the Bank of Ireland 

		
	By:	 	 /s/ Kevin [illegible]

		 	Kevin [illegible]
		
	By:	 	 /s/ Cora Phelan 

		 	Cora Phelan
		 	Manager

  

 42 

			
	 Intesa Sanpaolo S.p.A. 

		
	By:	 	 /s/ MarcoSilvio Pizzi

		 	 MarcoSilvio Pizzi

		 	 General Manager

  

 43 

			
	 Caja de Ahorros y Monte de Piedad de Madrid

		
	By:	 	 /s/ Sergio Grasso

		 	Sergio Grasso
		 	Capital Markets
		
	By:	 	 /s/ Gema Gamez

		 	Gema Gamez
		 	Capital Markets

  

 44 

			
	 Credit Agricole d’Ile de France 

		
	By:	 	 /s/ Agnés Prebet 

		 	 Agnés Prebet

		 	 Directeur de Secteur

  

 45 

			
	 Dresdner Bank AG 

		
	By:	 	 /s/ Brian Smith

		 	Brian Smith
		 	Managing Director
		
	By:	 	 /s/ Thomas [illegible] 

		 	Thomas [illegible]
		 	Managing Director

  

 46 

			
	 Société Générale 

		
	By:	 	 /s/ [illegible]

  

 47 

			
	 Caja de Ahorros de Galicia 

		
	By:	 	 /s/ Arturo Bermúdez

		 	 Arturo Bermúdez

  

 48 

			
	 IKB Deutsche Industriebank AG, Sucursal en España 

		
	By:	 	 /s/ Favier Miló Olcina

		 	 Favier Miló Olcina

  

 49 

			
	 Caja de Ahorros de Asturias

		
	By:	 	 /s/ Baltasar Suárez Llorente

		 	Baltasar Suárez Llorente

  

 50 

			
	BRED Banque Populaire
		
	By:	 	 /s/ Christian Schellino

		 	Christian Schellino
		 	Directeur des Engagements

  

 51 

			
	Centrobanca S.P.A.
		
	By:	 	 /s/ [illegible]

		 	[illegible]
		 	[illegible]

  

 52 

 Accepted and agreed: 
  

			
	CEMEX, S.A.B. de C.V.
	
	For itself and on behalf of each
	
	Subsidiary Obligor
		
	By:	 	 /s/ [illegible]

		
	By:	 	 /s/ [illegible]

  

 53 

 Accepted and agreed: 
  

			
	CEMEX España, S.A.
	
	For itself and on behalf of each
	
	Subsidiary Obligor
		
	By:	 	 /s/ [illegible]

		
	By:	 	 /s/ [illegible]

  

 54 

 ANNEX 1 
 SUBSIDIARY OBLIGORS 
 New Sunward Holding B.V. 
 Riverstate Building, Amsteldijk 166, 1079 LH Amsterdam, The Netherlands 
 CEMEX Corp 
 840 Gessner Suite 1400, Houston, TX 77024, USA 
 CEMEX France Services (Gie) 
 2 rue du Verseau, SILIC 423, 94150 Rungis CEDEX, France 
 CEMEX Australia Holdings Pty Ltd. 
 Tower B, Level 8, 799 Pacific Highway, Chatswood NSW 2067, Australia 
 CEMEX Australia Pty Ltd 
 Tower B, Level 8, 799 Pacific Highway, Chatswood
NSW 2067, Australia 
 Empresas Tolteca de México, S.A. de C.V. 
 Avenida Ricardo Margain Zozaya 325, Colonia Valle Del Campestre, San Pedro Garza Garcia, Nuevo Leon, 66265 Mexico 
 CEMEX México, S.A. de
C.V. 
 Avenida Ricardo Margain Zozaya 325, Colonia Valle Del Campestre, San Pedro Garza Garcia, Nuevo Leon, 66265 Mexico 
 CEMEX, Inc. 
 840 Gessner Suite 1400, Houston, TX 77024, USA 
 CEMEX Concretos, S.A. de C.V. 
 Avenida Ricardo Margain Zozaya 325, Colonia
Valle Del Campestre, San Pedro Garza Garcia, Nuevo Leon, 66265 Mexico 
 CEMEX Materials, LLC 
 840 Gessner Suite 1400, Houston, TX 77024, USA 
 Escazu Investments 
 Suite 6201, 62 Forum Lane, Camana Bay, 
 P.O. Box 30239, Grand Cayman
KY1-1201, Cayman Islands 
  

 55 

 Centro Distribuidor de Cemento, S.A. de C.V. 
 Avenida Ricardo Margain Zozaya 325, Colonia Valle Del Campestre, San Pedro Garza Garcia, Nuevo Leon, 66265 Mexico 
  

 56 

 ANNEX 2 
 DEFINITIONS AND INTERPRETATION 
  

	1.	DEFINITIONS 

 In this Letter: 
 “Acceding Obligor” means a company which becomes an Obligor in accordance with sub paragraph 9.4 of paragraph 9 (Acceding Lenders and
Acceding Obligors). 
 “Agreed Discussions” means any discussions entered into by any member of the Group with respect to
Financial Indebtedness owing to one or more of its creditors, of which the Lenders are notified, such notification to include (to the extent not prohibited by law, regulation or the rules of any recognised stock exchange), in reasonable detail, the
nature of the indebtedness concerned and any proposal made by any member of the Group to creditors thereunder including: 
  

	 	(a)	the amount of Financial Indebtedness affected and its maturity; 

  

	 	(b)	any Security for such Financial Indebtedness; 

  

	 	(c)	the identity of the creditors in respect of such Financial Indebtedness; and 

  

	 	(d)	where available, an overview of any firm proposals in respect of such Financial Indebtedness and timing for their implementation, including the manner in which such proposals will
affect each of items (a) to (c) above. 

 “Bridge Liquidity Facility” means the secured bridge
facility agreement dated 20 March 2009 between Cemex España, S.A. as borrower, Banco Bilbao Vizcaya Argentaria, S.A. as lender and agent and Banco Santander, S.A. as lender for an amount of USD 200,000,000 and an additional uncommitted
amount of USD 100,000,000, raised to the status of public deed before the Notary of Madrid, Mr. Antonio Pérez Coca. 
 “Committee Banks” means the Committee Banks as defined in the Co-ordinator Letters. 
 “Co-ordinators” means Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A., Citigroup Global Markets Limited, HSBC Bank plc and The Royal Bank of Scotland plc. 
 “Co-ordinator Letters” means the appointment letter entered into on or about the date of this Letter between CEMEX Parent, Cemex
España, the Co-ordinators and the Committee Banks and the fee letter entered into on or about the date of this Letter between CEMEX Parent, Cemex España, the Co-ordinators and the Committee Banks. 
 “Cross Default” means, in respect of an Existing Facility, any Default (and for the avoidance of doubt, including in respect of
derivatives transactions, any occurrence of any credit event, event of default or any additional termination event or similar event howsoever described) which would arise in respect of any member of the Group under such Existing Facility as a result
of: 
  

	 	(a)	any failure to pay any sums in respect of Financial Indebtedness falling due during the Relevant Period other than under such Existing Facility; or 

  

 57 

	 	(b)	a declaration of any sum to be due and payable or any sum otherwise becoming due and payable prior to its specified maturity; or 

  

	 	(c)	the occurrence of an event of default or mandatory prepayment event (however defined) or an event or circumstance which, with the expiry of a grace period or the giving of notice or
the determination of materiality or otherwise or any combination of any of the foregoing would be such an event under the provisions of any agreement relating to Financial Indebtedness (other than such Existing Facility) which correspond to the
Insolvency Clause, the Material Adverse Change Clause, the Related Representations or the Notification Clause by reason of events or circumstances described in the Presentations. 

 “Default” means, in respect of an Existing Facility, any event of default (howsoever defined) under such Existing Facility or any other
event or circumstance which, with the expiry of a grace period or the giving of notice or the determination of materiality or otherwise or any combination of any of the foregoing would be such an event. 
 “Derivatives Side Letter” means the letter dated on or about the date of this Letter to CEMEX Parent and CEMEX España from certain
members of the G12 and certain of their respective affiliates with respect to derivatives positions (as such letter may be amended from time to time). 
 “Enforcement Action” means (except to the extent permitted under this Letter): 
  

	 	(a)	the acceleration of any Liabilities or any declaration that any Liabilities are prematurely due and payable or payable on demand; 

  

	 	(b)	the taking of any steps to enforce or require the enforcement of any Security granted by any member of the Group (including the crystallisation of any floating charge forming part
of any such Security or the blocking of any cash collateral account which, but for the occurrence of a Default, would not be blocked in accordance with the normal operation of the facility to which such cash collateral account relates);

  

	 	(c)	the making of any demand against any member of the Group in relation to any guarantee, indemnity or other assurance against loss in respect of any Liabilities or exercising any
right to require any member of the Group to acquire any Liability (including exercising any put or call option against any member of the Group for the redemption or purchase of any Liability); 

  

	 	(d)	the exercise of any right of set-off or direct debit against any member of the Group in respect of any Liabilities; 

  

 58 

	 	(e)	the suing for, commencing or joining of any legal or arbitration proceedings against any member of the Group to recover any Liabilities; 

  

	 	(f)	the entering into of any composition, assignment or arrangements with any member of the Group in respect of any Liability; 

  

	 	(g)	the petitioning, applying or voting for, or the taking of any steps (including the appointment of any liquidator, receiver, administrator or similar officer) in relation to the
winding up, dissolution, administration or reorganisation prescribed by law of any member of the Group which owes any Liability, 

 or any analogous procedure or step in any jurisdiction. 
 “Euro/Yen Facilities Agreement” means the
€250,000,000 and ¥19,308,000,000 term and revolving facilities agreement originally dated 30 March 2004 (as amended from time to time) and made between, among others, CEMEX España, S.A. as borrower, Banco Bilbao Vizcaya
Argentaria, S.A. and Société Générale, S.A. as arrangers and Banco Bilbao Vizcaya Argentaria, S.A. as agent. 
 “Euro/Yen Lender” means a Lender as defined in the Euro/Yen Facilities Agreement. 
 “Exempted
Payment” means any payment in respect of Financial Indebtedness which does not constitute a Termination Event under sub paragraph 3.4 of paragraph 3 (Conditional Waivers and Extensions). 
 “Existing Facilities” means each facility set out in Part A and Part B of Annex 3 (Exposures) (as updated from time to time in
accordance with the terms of this Letter) to this Letter, which expression includes, in relation to each such facility, any reference to any guarantee or other credit support or Security granted by a member of the Group in respect of such facility.

 “Exposure” means in respect of the claims of each Lender under a Relevant Existing Facility, the dollar equivalent of the
aggregate amount of the claims of such Lender in respect of principal amounts outstanding under such Relevant Existing Facility calculated as at close of business on the Reference Date (on the assumption that all payments of principal under the
Relevant Existing Facility are due and payable on such date) and: 
  

	 	(a)	if a Lender has a contingent liability owed to a third party in relation to a Relevant Existing Facility then the principal amount of such Lender’s claim in respect of
principal amounts outstanding under such Relevant Existing Facility shall be the maximum amount for which that Lender is contingently liable; and 

  

	 	(b)	 in the case of an overdraft or revolving credit facility or another facility under which amounts remain available to be drawn the amount of the Lender’s claim
in respect of principal amounts outstanding shall be the aggregate of the amounts drawn and the amounts still available under such facility, 

  

 59 

 
which, in the case of those Existing Facilities where a payment date is extended in accordance with sub paragraph 3.1 of paragraph 3 (Conditional Waivers
and Extensions), are stated in Part A of Annex 3 (Exposures) (as updated from time to time in accordance with the terms of this Letter). 
 “Extended Payment” means, in respect of an Existing Facility, any payment due to a Lender under such Existing Facility, the payment date for which is extended pursuant to sub paragraph 3.1(a) of paragraph 3 (Conditional
Waivers and Extensions) provided that in respect of any Existing Facility consisting of one or more derivatives transactions, such amount shall be equal to the net amount, if any, due to a Lender after the close out of all such
derivatives transactions or any notes issued in connection therewith under the Derivatives Side Letter (after application of any collateral or margin held by such Lender). 
 “Financial Creditor” means a creditor in respect of Financial Indebtedness of any member of the Group. 
 “Financial Indebtedness” means any indebtedness (other than indebtedness incurred between members of the Group) for or in respect of, and without double counting: 
  

	 	(a)	moneys borrowed and debit balances at banks or other financial institutions; 

  

	 	(b)	any acceptance under any acceptance credit or bill discounting facility (or dematerialised equivalent); 

  

	 	(c)	any note purchase facility or the issue of bonds, notes, debentures, loan stock or any similar instrument; 

  

	 	(d)	the amount of any liability in respect of any lease which would (in each case, as applicable), in accordance with international financial reporting standards and interpretations
issued by the International Accounting Standards Board and adopted by the European Commission or, in accordance with generally accepted accounting principles or, in accordance with Mexican financial disclosure standards, be treated as a finance or
capital lease; 

  

	 	(e)	receivables sold or discounted (other than any receivables to the extent they are sold on a non-recourse basis); 

  

	 	(f)	any interest rate or currency swap agreement or any other hedging or derivatives instrument or agreement (and, when calculating the value of such Financial Indebtedness, only the
marked to market value (or, if any actual amount is due as a result of the termination or close-out of the relevant agreement or instrument, that amount) shall be taken into account); 

  

	 	(g)	any counter-indemnity obligation in respect of a guarantee, bond, standby or documentary letter of credit or any other equivalent instrument issued by a bank or financial
institution; 

  

	 	(h)	any hire purchase agreement, conditional sale agreement or lease, where that agreement has been entered into primarily as a method of raising finance or financing the acquisition of
an asset; 

  

 60 

	 	(i)	any amount raised under any other transaction (including any forward sale or purchase, sale and sale back or sale and leaseback agreement) having the commercial effect of a
borrowing; and 

  

	 	(j)	the amount of any liability in respect of any guarantee, indemnity or similar insurance against financial loss given in respect of the obligation of any person.

 “G12” means, as at the date of this Letter, Australia and New Zealand Banking Group Limited, Banco Bilbao
Vizcaya Argentaria, S.A., Banco Santander, S.A., Bank of America, Barclays Bank PLC, acting through its investment banking division Barclays Capital, BNP Paribas, Calyon, Citibank International plc, Sucursal en España, HSBC Bank plc, ING Bank
N.V., J. P. Morgan Chase Bank N.A., Lloyds TSB Bank plc and The Royal Bank of Scotland plc and, after the date of this Letter, the G12 and such other financial institutions as may become members of the G12 (with notice of any such other financial
institutions becoming members of the G12 to be sent promptly by the Co-ordinators to CEMEX Parent). 
 “Group” means CEMEX
Parent and each of its Subsidiaries for the time being. 
 “Holding Company” means, in relation to a company or corporation,
any other company or corporation in respect of which it is a Subsidiary. 
 “Illegality Clause” means, in relation to an
Existing Facility, a provision of such Existing Facility which requires mandatory repayment of amounts outstanding thereunder to a Lender as a result of any of the obligations of such Lender under such Existing Facility being unlawful. 

“Insolvency Clause” means, in relation to an Existing Facility, a clause of such Existing Facility to the extent that it provides that
any of the following events or circumstances (or any substantially equivalent events or circumstances) shall be an event of default in respect of CEMEX Parent or any other relevant member of the Group: 
  

	 	(a)	being unable or admitting inability to pay debts when due by reason of actual or anticipated financial difficulties, announcing its intention to or suspending the making of payments
in respect of debt or commencing negotiations with any of its creditors with a view to rescheduling indebtedness or proposing or entering into an arrangement, composition or compromise with, or assignment or proposition for, the benefit of one or
more of its creditors; 

  

	 	(b)	the value of the assets of CEMEX Parent, or the assets of any other relevant member of the Group, or the Group as a whole, being less than its liabilities (taking into account
contingent and prospective liabilities); 

  

	 	(c)	the declaration by any relevant authority or member of the Group of a moratorium in respect of the indebtedness of CEMEX Parent or any other relevant member of the Group;

  

 61 

	 	(d)	CEMEX Parent or any other relevant member of the Group being deemed insolvent, bankrupt, in concurso mercantil or in any similar legal state of existence howsoever defined as
a matter of law in its jurisdiction of incorporation, 

 save to the extent that the same would constitute a Termination Event
and provided that, for the avoidance of doubt, a clause of such Existing Facility is not an Insolvency Clause to the extent it provides that failure to make payments due under such Existing Facility is an event of default. 
 “Insolvency Event” means, in relation to any Obligor or Material Subsidiary: 
  

	 	(a)	any resolution is passed or order or filing is made for its winding-up, dissolution, administration, concurso mercantil, quiebra or reorganisation; 

 

	 	(b)	it assigns its assets for the benefit of its creditors generally or enters into any composition or arrangement with its creditors generally; 

  

	 	(c)	the appointment of any liquidator, receiver, administrator, conciliador, administrative receiver, compulsory manager or other similar officer in respect of it or any of its
assets; 

  

	 	(d)	(i) in respect of any Obligor or Material Subsidiary to which the EC Regulation on Insolvency Proceedings 2000 applies, any corporate action, legal proceeding or other formal
procedure or step is taken by such Obligor or Material Subsidiary with a view to commencing any “insolvency proceedings” within the meaning of the EC Regulation on Insolvency Proceedings 2000, and/or (ii) any corporate action, legal
proceeding or other formal procedure or step is taken which has any of the consequences referred to in paragraphs (a) to (c) above in relation to any Obligor or Material Subsidiary; 

  

	 	(e)	any event occurs in any country or territory in which it is incorporated or carries on business or to the jurisdiction of whose courts it is subject which corresponds in that
country or territory with any of the events mentioned in paragraphs (a) to (c) (inclusive) above; 

  

	 	(f)	any action by way of seizure, expropriation, nationalisation, intervention or any other proceeding having similar effect is taken by or on behalf of any governmental, regulatory or
other authority or other person in relation to any Obligor or Material Subsidiary or any of its assets (save for assets which, in the reasonable opinion of a Lender, are not material); and 

  

	 	(g)	any event specified in any of sub paragraphs 3.3(a) to 3.3(d) of paragraph 3 (Conditional Waivers and Extensions) occurs, 

 provided that the solvent liquidation or reorganisation of any Material Subsidiary which is not an Obligor shall not constitute an Insolvency Event so long as any
payments or assets distributed as a result of such solvent liquidation or reorganisation are distributed to other members of the Group. 
  

 62 

 “Lender Accession Letter” means a letter substantially in the form of Annex 7 (Form
of Lender Accession Letter”). 
 “Liabilities” means all present or future, actual or contingent liabilities and
obligations at any time of any member of the Group, and whether incurred solely or jointly or in any other capacity in respect of any Financial Indebtedness (other than Exempted Payments). 
 “Material Adverse Change Clause” means, in relation to an Existing Facility, a clause in such Existing Facility to the extent it provides
that the occurrence of any event or circumstance which is a material adverse change, or which has or could have a material adverse effect (howsoever defined and taking into account any determination to be made by any person in relation thereto) (a
“Material Adverse Change Event”) on either the Group or any relevant Group member, including, without limitation, a material adverse change in financial condition or a material adverse effect (i) on its or their business,
operations, property, condition or prospects or (ii) on its or their ability to comply with any obligations (payment or otherwise) under the Existing Facility shall be an event of default. 
 “Material Subsidiary” means any Subsidiary of CEMEX Parent which: 
  

	 	(a)	has total assets representing 5% or more of the total consolidated assets of the Group; and/or 

  

	 	(b)	has revenues representing 5% or more of the consolidated turnover of the Group, 

 (in each case calculated on a consolidated basis and determined by reference to the latest audited financial statements of that Subsidiary (consolidated in the case of a Subsidiary which itself has Subsidiaries) and
the latest audited consolidated financial statements of the Group) and any Holding Company of any such Subsidiary (save unless such company is already an Obligor hereunder). 
 “Notification Clause” means, in relation to an Existing Facility, any requirements that CEMEX Parent or any other member of the Group
notify: 
  

	 	(a)	in relation to a syndicated facility, the facility agent, agent or equivalent; 

  

	 	(b)	in relation to a bilateral facility, the lender under that facility; or 

  

	 	(c)	in relation to a derivatives transaction, the counterparty (or counterparties), 

  

	 	of	the occurrence of a Default. 

 “Obligor”
means CEMEX Parent, CEMEX España and any Acceding Obligor. 
 “Obligor Accession Letter” means a letter substantially
in the form of Annex 8 (Form of Acceding Obligor Accession Letter”). 
  

 63 

 “Participating Member State” means any member state of the European Communities that
adopts or has adopted the euro as its lawful currency in accordance with legislation of the European Community relating to Economic and Monetary Union. 
 “Presentation” means each of the presentations by CEMEX Parent to certain of its creditors at meetings in Madrid on 12 and 13 March 2009 as subsequently made available to Lenders in written form
via a website (including, for the avoidance of doubt, written information given by CEMEX Parent or CEMEX España to the Co-ordinators (including via the legal advisers to the Co-ordinators)). 
 “Reference Date” means 24 March 2009. 
 “Related Representation” means, in relation to an Existing Facility, any representations given prior to or during the Relevant Period by CEMEX Parent and/or any relevant member of the Group under such
Existing Facility to the effect that (a) no Default (howsoever defined) has occurred or is continuing, outstanding or subsisting (howsoever described) (i) under such Existing Facility or (ii) as a result of a member of the
Group’s failure to make payments in relation to Liabilities, under any material agreement binding upon the relevant member of the Group and/or (b) no Material Adverse Change Event (howsoever defined) has occurred or is continuing,
outstanding or subsisting (howsoever described) under such Existing Facility. 
 “Relevant Existing Facility” means, in
relation to a Lender, each Existing Facility to which such Lender is a party (being, for the avoidance of doubt, in respect of any Lender which is not a member of the G12, only those Existing Facilities which are listed in Part A of Annex 3
(Exposures) (as updated from time to time in accordance with the terms of this Letter)). 
 “Relevant Insolvency Law”
means any insolvency, liquidation, concurso mercantil, quiebra, administration, moratorium, reorganisation, rehabilitation and similar laws generally affecting the rights of creditors applicable to a member of the Group, whether
provisional, temporary or final and whether voluntary or involuntary. 
 “Relevant Period” means the period that starts on
the Reference Date and ends on the earlier of: 
  

	 	(a)	6 pm Madrid time on 24 June 2009 except that where, on the date of this Letter, any Lender only has credit and other internal approvals to provide the extensions and
waivers set out in sub paragraph 3.1 of paragraph 3 (Conditional Waivers and Deferrals) for a period starting on the Reference Date and ending prior to 24 June 2009, and such Lender has not, prior to the end of such lesser period
confirmed to the Co-ordinators and CEMEX Parent that it has obtained credit and other internal approvals for a period ending on 24 June 2009, then the Relevant Period for the purposes of this paragraph (a) shall end on the date for which
that Lender has obtained credit and other internal approvals (the “End Date”) provided that such Lender shall notify the Co-ordinators and CEMEX Parent of such End Date not less than five days prior to such End Date (with a copy of
such notice to be sent by the Co-ordinators to the Lenders); 

  

 64 

	 	(b)	the date on which an agreement or agreements with respect to the restructuring of the Existing Facilities and facilities and financial accommodation provided by other financial
creditors of the Group becomes effective; and 

  

	 	(c)	the termination of the Relevant Period pursuant to sub paragraph 3.5 (or, with respect only to the relevant Terminating Lender and any relevant Further Terminating Lender, pursuant
to sub-paragraph 3.6) of paragraph 3 (Conditional Waivers and Extensions). 

 “Required Lenders” means,
in relation to any decision to be made under an Existing Facility by some or all lenders or counterparties (as the case may be) (a) in the case of a syndicated facility the relevant threshold of lenders required in respect of the relevant
decision as determined pursuant to the terms of such Existing Facility, (b) in the case of a bilateral facility, the Lender under such bilateral facility and (c) in the case of a derivatives transaction, the counterparty or counterparties
under such derivatives transaction. 
 “RMC Facilities Agreement” means the US$2,300,000,000 revolving credit facilities
agreement originally dated 24 September 2004 (as amended and/or restated from time to time) between CEMEX España as borrower, Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A., Calyon Corporate and Investment Bank and
Citigroup Global Markets Limited as arrangers and joint book runners, Citibank International plc as agent and the financial institutions named therein as lenders. 
 “RMC Lender” means a Lender as defined in the RMC Facilities Agreement. 
 “Security” means a mortgage, charge, pledge, lien, assignment or other security interest securing any payment obligation of any person or any other agreement or arrangement having a similar effect. 
 “Soft Facility” means an Existing Facility to the extent that it provides for the issuance of documentary credits (including letters of
credit), or performance, advance payment or other similar bonds, bank guarantees, stand by letters of credit or similar instruments. 
 “Subsidiary” means in relation to any company or corporation, a company or corporation: 
  

	 	(a)	which is controlled, directly or indirectly, by the first mentioned company or corporation; 

  

	 	(b)	more than half the issued share capital of which is beneficially owned, directly or indirectly by the first mentioned company or corporation; or 

  

	 	(c)	which is a Subsidiary of another Subsidiary of the first mentioned company or corporation, 

 and for this purpose, a company or corporation shall be treated as being controlled by another if that other company or corporation is able to direct its
affairs and/or to control the composition of its board of directors or equivalent body. 
  

 65 

 “Subsidiary Obligors” means each company named in Annex 1 (Subsidiary Obligors).

 “Waiver Limit” means, in respect of an Existing Facility, the aggregate amount of a Lender’s Exposure or, as the case
may be, the Lenders’ Exposures, under that Existing Facility as at close of business on the Reference Date. 
  

	2.	CONSTRUCTION 

  

	2.1	Any reference in this Letter to: 

  

	 	(a)	any “Lender” shall be construed so as to include its successors in title, permitted assigns and permitted transferees; 

  

	 	(b)	an agreement shall be construed as a reference to that agreement as amended, novated, supplemented or restated from time to time; 

  

	 	(c)	“assets” includes present and future properties, revenues and rights of every description; 

  

	 	(d)	a “person” includes any person, firm, company, corporation, government, state or agency of a state or any association, trust or partnership (whether or not having
separate legal personality) or two or more of the foregoing; 

  

	 	(e)	a provision of law is a reference to that provision as amended or re-enacted; 

  

	 	(f)	“$”, “USD”, “US dollars” or “dollars” denotes the lawful currency of the United States of America,
“€”, “EUR” and “euro” means the single currency unit of the Participating Member States, and “¥”, “JPY” and “yen” denotes the lawful
currency of Japan; and 

  

	 	(g)	the singular shall include the plural and vice versa. 

  

	2.2	Paragraph and Annex headings are for ease of reference only. 

  

	2.3	A person who is not a party to this Letter has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce or to enjoy the benefit of any term of this Letter.

  

 66 

 ANNEX 3 
 EXPOSURES 
  

							
	 Exchange Rate
	  		  	EUR	  	1.2744

  

									
	Part A	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	BANK OF AMERICA NA, SUCURSAL EN ESPANA	  	US$ 2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	17,976,618	  	17,976,618
					
	BANK OF AMERICA NA	  	Several Stand By Letters of Credit issued by Bank of America, N.A.	  	USD	  	8,720,117	  	8,720,117
					
	BANK OF AMERICA, NA	  	 Net amount of closed out derivatives*
 *Derivatives:
  
 IRS (ISDA Master Agreement dated:
August 17th, 1998)
  
 IRS (EUR) (ISDA Master Agreement dated: August 17th, 1998)

  
 CAP (ISDA Master Agreement dated: August 17th, 1998)
  
 CAP (EUR) (ISDA Master Agreement dated: August 17th, 1998)
  
 FLOOR (ISDA Master Agreement dated: August 17th, 1998)
  
 CCS (ISDA Master Agreement dated: August 17th, 1998) FX DSP (ISDA Master Agreement dated: August
17th, 1998)
	  	USD	  	4,093,054	  	4,093,054
					
	Part B	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	BANK OF AMERICA NA, SUCURSAL EN ESPANA	  	US$6,000,000,000 (originally US$9,000,000,000) Acquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	

  

 67 

									
	BANK OF AMERICA NA	  	US$617,500,000 & EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27 January, 2009	  	USD	  		  	
					
	BANK OF AMERICA, NA	  	US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005	  	USD	  		  	
					
		  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	  	USD	  		  	
					
	BANK OF AMERICA, N.A.	  		  		  		  	
					
	BANK OF AMERICA, N.A. - San Fran Branch	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	

  

 68 

							
	 Exchange Rate
	  		  	 JPY
	  	98,43
				
		  		  	 GBP
	  	1,431
				
		  		  	 EUR
	  	1,274

  

									
	Part A	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	The Royal Bank of Scotland plc	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	50,750,000	  	50,750,000
					
	The Royal Bank of Scotland plc	  	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	1,918,243,896	  	19,488,407
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	THE ROYAL BANK OF SCOTLAND	  	U$$6,000,000,000 (originally U$$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	GBP	  		  	
					
	THE ROYAL BANK OF SCOTLAND PLC	  	US$617,500,000 & EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27 January, 2009	  	USD	  		  	
					
	THE ROYAL BANK OF SCOTLAND PLC	  	US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005	  	USD	  		  	
					
	THE ROYAL BANK OF SCOTLAND PLC	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	
					
	The Royal Bank of Scotland PLC	  	US$1,050,000,000 Senior Unsecured Dutch Loan “A & 8” Agreement dated 2 June, 2008	  	USD	  		  	
					
	National Westminster Bank plc	  	Multi Line Facility	  	USD	  		  	

  

 69 

									
	  	  	 Derivatives:
	  	 	  	 	  	 
					
	The Royal Bank of Scotland PLC	  	IRS (EUR) (ISDA Master Agreement dated: April 22nd, 2005)	  	EUR	  		  	
					
	The Royal Bank of Scotland PLC	  	IRS (JPY) (ISDA Master Agreement dated: April 22nd, 2005)	  	JPY	  		  	
					
	The Royal Bank of Scotland PLC	  	CAP (ISDA Master Agreement dated: April 22nd, 2005)	  	USD	  		  	
					
	The Royal Bank of Scotland PLC	  	CAP (EUR) (ISDA Master Agreement dated: April 22nd, 2005)	  	EUR	  		  	
					
	The Royal Bank of Scotland PLC	  	FLOOR (ISDA Master Agreement dated: April 22nd, 2005)	  	USD	  		  	
					
	The Royal Bank of Scotland PLC	  	CCS (ISDA Master Agreement dated: April 22nd, 2005)	  	USD	  		  	
					
	The Royal Bank of Scotland PLC	  	FX-FWD (ISDA Master Agreement dated: April 22nd, 2005)	  	USD	  		  	
					
	The Royal Bank of Scotland PLC	  	FX DSP (ISDA Master Agreement dated: April 22nd, 2005)	  	USD	  		  	

  

 70 

							
	 Exchange Rate
	  		  	 JPY
	  	98,43
				
		  		  	 EUR
	  	1,274

  

									
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	BNP Paribas	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	58,250,000	  	58,250,000
					
	BNP Paribas	  	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	1,918,243,896	  	1,918,243,896
					
	BNP Paribas	  	US$37,500,000 Loan Facility Agreement BNP Paribas (Sydney Branch) dated 1 October, 2007	  	USD	  	37,500,000	  	37,500,000
					
	BNP Paribas	  	Cash management lines	  	EUR	  	21,930,000	  	21,930,000
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	BNP Paribas	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	BNP Paribas	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	EUR	  		  	
					
	BNP Paribas	  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	  	USD	  		  	
					
	BNP Paribas	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	
					
	BNP Paribas	  	US$700,000,000 syndicated facility, guarantees by CEMEX, CEMEX Mexico, Empresas Tolteca	  	USD	  		  	

  

 71 

									
	BNP Paribas	  	EPS (Quarry Bonds)	  	EUR	  		  	
					
	BNP Paribas	  	Util Ligne Glob EPS	  	EUR	  		  	
					
	  	  	 Derivatives:
	  	 	  	 	  	 
					
	BNP Paribas	  	COMMODITIES-FWD (1SDA Master Agreement dated: October 8th 2001)	  	EUR	  		  	
					
	BNP Paribas	  	IRS (ISDA Master Agreement dated: October 8th, 2001)	  	USD	  		  	
					
	BNP Paribas	  	IRS (EUR) (ISDA Master Agreement dated: October 8th, 2001)	  	EUR	  		  	
					
	BNP Paribas	  	IRS (JPY) (1SDA Master Agreement dated: October 8th, 2001)	  	JPY	  		  	
					
	BNP Paribas	  	CAP (ISDA Master Agreement dated: October 8th, 2001)	  	USD	  		  	
					
	BNP Paribas	  	CAP (EUR) (ISDA Master Agreement dated: October 8th, 2001)	  	EUR	  		  	
					
	BNP Paribas	  	FLOOR (ISDA Master Agreement dated: October 8th, 2001)	  	USD	  		  	
					
	BNP Paribas	  	FX-FWD (ISDA Master Agreement dated: October 8th, 2001)	  	USD	  		  	

  

 72 

							
	 Exchange Rate
	  		  	JPY	  	98.43
				
		  		  	EUR	  	1.2744
				
		  		  	MXN	  	15.26
				
		  		  	AED	  	3.6732
				
		  		  	EGP	  	5.5973

  

									
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	HSBC BANK PLC, MADRID	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	45,750,000	  	45,750,000
					
	HSBC BANK PLC, MADRID	  	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	1,918,243,896	  	19,488,407
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	HSBC BANK PLC, SUCURSAL EN ESPAÑA	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	HSBC BANK, PLC SUCURSAL EN ESPAÑA	  	US$617,500,000 & EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27 January, 2009	  	EUR	  		  	
					
	HSBC SECURITIES (USA) INC., HSBC MEXICO S.A. INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO HSBC	  	US$437,500,000 & MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27 January, 2009	  	MXN	  		  	
					
	HSBC MEXICO SA INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO HSBC	  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	  	USD	  		  	

  

 73 

									
	HSBC BANK PLC - Madrid Branch	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	
					
	HSBC México, S.A., Institución de Banca Multiple, Grupo Financiero HSBC, acting through its Grand Cayman Branch	  	US$1,050,000,000 Senior Unsecured Dutch Loan “A & B” Agreement dated 2 June, 2008	  	USD	  		  	
					
	HSBC México, S.A., Institución de Banca Multiple, Grupo Financiero HSBC	  	Factoring (Cadenas Productivas)	  	MXN	  		  	
					
	HSBC México, S.A., Institución de Banca Multiple, Grupo Financiero HSBC	  	Overdraft (CEMEX Mexico)	  	MXN	  		  	
					
	HSBC MEXICO SA INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO HSBC	  	Overdraft (Empresas Tolteca)	  	MXN	  		  	
					
	HSBC MEXICO SA INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO HSBC	  	Overdraft (Petrocemex)	  	MXN	  		  	
					
	HSBC Bank plc	  	Asset Finance Leasing (CEMEX UK)	  	GBP	  		  	
					
	HSBC Bank plc	  	Debtors financing (CEMEX UK)	  	GBP	  		  	

  

 74 

									
	HSBC Bank plc	  	Credit cards (CEMEX UK)	  	GBP	  		  	
					
	HSBC Argentina	  	Leasing (Neoris Consulting)	  	ARS	  		  	
					
	HSBC BANK EGYPT S.A.E	  	Guarantee Line (Assuit Cement)	  	EGP	  		  	
					
	HSBC BANK EGYPT S.A.E	  	Overdraft (Assuit Cement)	  	EGP	  		  	
					
	HSBC BANK EGYPT S.A.E	  	Credit cards(Assuit Cement)	  	EGP	  		  	
					
	HSBC BANK EGYPT S.A.E	  	Overdraft (Cemex Ready Mix)	  	EGP	  		  	
					
	HSBC BANK EGYPT S.A.E	  	Guarantee (Cemex Ready Mix)	  	EGP	  		  	
					
	HSBC Bank Middle East Limited	  	Suppliers credit (RMC Topmix)	  	AED	  		  	
					
	HSBC Bank Middle East Limited	  	Overdraft (RMC Topmix)	  	AED	  		  	
					
	HSBC Bank Middle East Limited	  	Guarantees (RMC Topmix/Falcon/Supermix)	  	AED	  		  	
					
	HSBC Bank Middle East Limited	  	Trade line (RMC Topmix)	  	AED	  		  	
					
	HSBC Bank Middle East Limited	  	Credit cards (RMC Topmix)	  	AED	  		  	
					
	HSBC Bank Middle East Limited	  	FEX Line (RMC Topmix)	  	AED	  		  	
					
	HSBC Panama	  	Credit Cards (CEMEX Caribe)	  	USD	  		  	
					
	HSBC Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero HSBC	  	CCS (ISDA Master Agreement dated: January 28th, 2005)	  	USD	  		  	
					
	HSBC Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero HSBC	  	FX-FWD (ISDA Master Agreement dated: January 28th, 2005)	  	USD	  		  	
					
	HSBC Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero HSBC	  	FX DSP (ISDA Master Agreement dated: January 28th, 2005)	  	USD	  		  	
					
	HSBC Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero HSBC	  	IRS (JPY) (ISDA Master Agreement dated: January 28th, 2005)	  	JPY	  		  	

  

 75 

									
	HSBC Bank, USA, National Association	  	CAP (ISDA Master Agreement dated: February 2nd, 2005)	  	USD	  		  	
					
	HSBC Bank, USA, National Association	  	FLOOR (ISDA Master Agreement dated: February 2nd, 2005)	  	USD	  		  	
					
	HSBC Bank, USA, National Association	  	CCS (ISDA Master Agreement dated: February 2nd, 2005)	  	USD	  		  	
					
	HSBC Bank, USA, National Association	  	FX-FWD (ISDA Master Agreement dated: February 2nd, 2005)	  	USD	  		  	
					
	HSBC Bank, USA, National Association	  	IRS (ISDA Master Agreement dated: February 2nd, 2005)	  	EUR	  		  	
					
	HSBC Bank, USA, National Association	  	CAP (ISDA Master Agreement dated: February 2nd, 2005)	  	EUR	  		  	
					
	HSBC Bank, USA, National Association	  	CCS Perpetual Debentures ISDA Master Agreement May 3rd, 2007	  	EUR	  		  	
					
	HSBC Bank, USA, National Association	  	IRS (JPY) (ISDA Master Agreement dated: October 8th, 2001) (ISDA Master Agreement dated: February 2nd,
2005)	  	JPY	  		  	

  

 76 

					
	 Exchange Rate
	  	JPY	  	98.43
			
		  	EUR	  	1.2744
			
		  	MXN	  	15.26

  

									
	 Part A
	  		  		  		  	
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	Banco Santander S.A.	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	59,154,817	  	59,154,817
					
	Banco Santander S.A.	  	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	1,918,243,896	  	19,488,407
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	BANCO SANTANDER, S.A.	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	BANCO SANTANDER S.A.	  	US$617,500,000 & EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27 January, 2009	  	EUR	  		  	
					
	BANCO SANTANDER S.A.	  	US$617,500,000 & EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27 January, 2009	  	USD	  		  	
					
	SANTANDER OVERSEAS BANK INC	  	US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005	  	USD	  		  	
					
	BANCO SANTANDER (MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER	  	US$437,500,000 & MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27 January, 2009	  	MXN	  		  	

  

 77 

									
	SANTANDER INVESTMENTS SECURITIES INC,	  	US$437,500,000 & MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27 January, 2009	  	USD	  		  	
					
	BANCO SANTANDER CENTRAL HISPANO S.A. NEW YORK BRANCH	  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	  	USD	  		  	
					
	BANCO SANTANDER CENTRAL HISPANO, SA NEW YORK BRANCH	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	
					
	Banco Santander S.A.	  	US$1,050,000,000 Senior Unsecured Dutch Loan “A & B” Agreement dated 2 June, 2008	  	USD	  		  	
					
	BANCO SANTANDER (MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER	  	TRADE LINE HOLDING	  	MXN	  		  	
					
	Banco Santander S.A.	  	Renting	  	EUR	  		  	
					
	Banco Santander S.A.	  	Guarantees	  	EUR	  		  	
					
	Banco Santander S.A.	  	Confirming	  	EUR	  		  	
					
	BANCO SANTANDER (MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER	  	Leasing	  	MXN	  		  	
					
	BANCO SANTANDER (MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER	  	Confirming	  	MXN	  		  	
					
	BANCO SANTANDER (MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER	  	Corporate Bonds	  	MXN	  		  	

  

 78 

									
	BANCO SANTANDER (MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER	  	Corporate Loan	  	MXN	  		  	
					
	Banco Santander Colombia	  	Working Capital Facilities	  	COP	  		  	
					
	Banco Santander Rio	  	Working Capital Facilities	  	AR$	  		  	
					
	BANCO SANTANDER, S.A.	  	Several Stand By Letters of Credit issued by Banco Santander, S.A.	  	USD	  		  	

  

											
	  	  	 Derivatives:
	  	 	  	 	  	 	  	 
	 	  	 Transaction N°
	  	 Transaction
	  	Transaction Date	  	 	  	 
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	9313571	  	Caps/Floors	  	8/21/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974942	  	EQD OTC Options	  	6/3/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974943	  	EQD OTC Options	  	6/12/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974944	  	EQD OTC Options	  	6/12/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974945	  	EQD OTC Options	  	6/6/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974948	  	EQD OTC Options	  	6/3/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974949	  	EQD OTC Options	  	6/12/2008	  	USD	  	

  

 79 

											
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974951	  	EQD OTC Options	  	6/12/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974953	  	EQD OTC Options	  	6/3/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974956	  	EQD OTC Options	  	6/3/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974965	  	EQD OTC Options	  	6/12/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10975124	  	EQD OTC Options	  	6/3/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10975176	  	EQD OTC Options	  	6/12/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	9802032	  	Equity Forwards	  	10/13/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	9802069	  	Equity Forwards	  	10/13/2008	  	USD	  	

  

					
	 Exchange Rate
	  	JPY	  	98.43
			
		  	EUR	  	1.2744
			
		  	MXN	  	15.26

  

 80 

									
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	Banco Santander S.A.	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	59,154,817	  	59,154,817
					
	Banco Santander S.A.	  	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	1,918,243,896	  	19,488,407
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	BANCO SANTANDER, S.A.	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	BANCO SANTANDER S.A.	  	US$617,500,000 & EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27 January, 2009	  	EUR	  		  	
					
	BANCO SANTANDER S.A.	  	US$617,500,000 & EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27 January, 2009	  	USD	  		  	
					
	SANTANDER OVERSEAS BANK INC	  	US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005	  	MXN	  		  	
					
	BANCO SANTANDER (MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER	  	US$437,500,000 & MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27 January, 2009	  	MXN	  		  	
					
	SANTANDER INVESTMENTS SECURITIES INC,	  	US$437,500,000 & MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27 January, 2009	  	USD	  		  	
					
	BANCO SANTANDER CENTRAL HISPANO S.A. NEW YORK	  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	  	USD	  		  	
					
	BANCO SANTANDER CENTRAL HISPANO, SA NEW YORK BRANCH	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	

  

 81 

									
	Banco Santander S.A.	  	US$1,050,000,000 Senior Unsecured Dutch Loan “A & B” Agreement dated 2 June, 2008	  	USD	  		  	
					
	BANCO SANTANDER (MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER	  	TRADE LINE HOLDING	  	MXN	  		  	
					
	Banco Santander S.A.	  	Renting	  	EUR	  		  	
					
	Banco Santander S.A.	  	Guarantees	  	EUR	  		  	
					
	Banco Santander S.A.	  	Confirming	  	EUR	  		  	
					
	BANCO SANTANDER (MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER	  	Leasing	  	MXN	  		  	
					
	BANCO SANTANDER (MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER	  	Confirming	  	MXN	  		  	
					
	BANCO SANTANDER (MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER	  	Corporate Bonds	  	MXN	  		  	
					
	BANCO SANTANDER (MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER	  	Corporate Loan	  	MXN	  		  	
					
	Banco Santander Colombia	  	Working Capital Facilities	  	COP	  		  	
					
	Banco Santander Rio	  	Working Capital Facilities	  	AR$	  		  	
					
	BANCO SANTANDER, S.A.	  	Several Stand By Letters of Credit issued by Banco Santander, S.A.	  	USD	  		  	

  

 82 

											
	 	  	 Derivatives:
	  	 	  	 	  	 	  	 
	 	  	 Transaction N°
	  	 Transaction
	  	 Transaction Date
	  	 Currency
	  	 
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	931571	  	Caps/floors	  	8/21/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974942	  	EQD OTC Options	  	6/3/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974943	  	EQD OTC Options	  	6/12/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974944	  	EQD OTC Options	  	6/12/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974945	  	EQD OTC Options	  	6/6/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974948	  	EQD OTC Options	  	6/3/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974949	  	EQD OTC Options	  	6/12/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974951	  	EQD OTC Options	  	6/12/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974953	  	EQD OTC Options	  	6/3/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974956	  	EQD OTC Options	  	6/3/2008	  	USD	  	

  

 83 

											
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974965	  	EQD OTC Options	  	6/12/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10975124	  	EQD OTC Options	  	6/3/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10975176	  	EQD OTC Options	  	6/12/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	9802032	  	Equity Forwards	  	10/13/2008	  	USD	  	
						
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	9802069	  	Equity Forwards	  	10/13/2008	  	USD	  	

  

 84 

					
	 Exchange Rate
	  	JPY	  	98.43
			
		  	EUR	  	1.2744
			
		  	MXN	  	15.26
			
		  	COP	  	2555.89

  

									
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	Banco Bilbao Vizcaya Argentaría, S.A.	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	90,585,129	  	90,585,129
					
	Banco Bilbao Vizcaya Argentaría, S.A.	  	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	2,920,782,887	  	2,920,782,887
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	EUR	  		  	
					
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	  	US$617,500,000 & EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27 January, 2009	  	EUR	  		  	
					
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	  	US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005	  	USD	  		  	
					
	BBVA BANCOMER, S.A., INSTITUCION DE BANCA MULTIPLE GRUPO FINANCIERO BBVA BANCOMER	  	US$437,500,000 & MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27 January, 2009	  	MXN	  		  	

  

 85 

									
	BBVA BANCOMER, S.A., INSTITUCION DE BANCA MULTIPLE GRUPO FINANCIERO BBVA BANCOMER	  	US$437,500,000 & MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27 January, 2009	  	USD	  		  	
					
	BBVA BANCOMER, S.A., INSTITUCION DE BANCA MULTIPLE GRUPO FINANCIERO BBVA-BANCOMER	  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	  	USD	  		  	
					
	BANCO BILBAO VIZCAYA ARGENTARIA S.A.	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	
					
	BANCO BILBAO VIZCAYA ARGENTARIA PUERTO RICO	  	US$30,000,000 CEMEX de Puerto Rico, Inc. Credit Agreement dated 31 August, 2005	  	USD	  		  	
					
	BBVA FACTORING E.F.C., S.A.	  	Contrato de Confirming del 14 de Enero del 2000 (EUR 30,000,000)	  	EUR	  		  	
					
	BBVA FACTORING E.F.C., S.A.	  	Contrato de Factoring (EUR 20,000,000)	  	EUR	  		  	
					
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	  	Gestion de Cartera (EUR 8,000,000)	  	EUR	  		  	
					
	BBVA Colombia S.A.	  	COP20,000,000,000 CEMEX Colombia S.A. Pagaré al 16 Mayo, 2007	  	COP	  		  	
					
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	  	Stand By Letters of Credit and Bank Guarantee issued by Banco Bilbao Vizcaya Argentaria, S.A. (EUR 15,000,000)	  	EUR	  		  	
					
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A., NEW YORK BRANCH	  	US$500,000,000 Pez Loan with CEMEX,S.A.B. de C.V. dated 25 June 2008, as further amended	  	USD	  		  	
					
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A., NEW YORK BRANCH	  	Stand By Letters of Credit (US$57,024,753)	  	USD	  		  	
					
	BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer	  	IRS (ISDA Master Agreement dated: March 15th 2006)	  	USD	  		  	
					
	BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer	  	IRS (EUR) (ISDA Master Agreement dated: March 15th 2006)	  	EUR	  		  	

  

 86 

									
	BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer	  	IRS (JPY) (ISDA Master Agreement dated: March 15th 2006)	  	JPY	  		  	
					
	BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer	  	CAP( ISDA Master Agreement dated: March 15th 2006)	  	USD	  		  	
					
	BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer	  	CAP (EUR) (ISDA Master Agreement dated: March 15th 2006)	  	EUR	  		  	
					
	BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer	  	FLOOR (ISDA Master Agreement dated: March 15th 2006)	  	USD	  		  	
					
	BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer	  	CCS (ISDA Master Agreement dated: March 15th 2006)	  	USD	  		  	
					
	BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer	  	FX-FWD (ISDA Master Agreement dated: March 15th 2006)	  	USD	  		  	
					
	BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer	  	EQUITY (Confirmation between CEDICE and BBVA Bancomer, S.A. dated March 13, 2009)	  	USD	  		  	

  

 87 

 Exchange Rate 
  

									
	 Part A
	  		  		  		  	
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	BARCLAYS BANK PLC, MIAMI	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	38,549,118	  	38,549,118
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	BARCLAYS BANK PLC	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	BARCLAYS BANK PLC	  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	  	USD	  		  	
					
	Barclays Bank PLC	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	
					
	BARCLAYS BANK PLC	  	Environmental Bond issued by Barclays Bank PLC (with CEMEX UK Operations Limited as the borrower)	  	USD	  		  	
					
	Barclays Bank PLC	  	CAP (ISDA Master Agreement dated: December 9th, 2002)	  	USD	  		  	
					
	Barclays Bank PLC	  	CCS Perpetual Debentures (ISDA Master Agreement dated February 6th, 2007)	  	USD	  		  	
					
	Barclays Bank PLC	  	FX DSP (ISDA Master Agreement dated: December 9th, 2002)	  	USD	  		  	

  

 88 

 Exchange Rate 
  

									
	 Part A
	  		  		  		  	
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	JPMORGAN CHASE BANK N.A., SUCURSAL EN ESPAÑA	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	50,750,000	  	50,750,000
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	JPMORGAN CHASE BANK N.A., SUCURSAL EN ESPAÑA	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	JPMORGAN CHASE BANK, N.A.	  	US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005	  	USD	  		  	
					
	JPMORGAN CHASE BANK, N.A.	  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	  	USD	  		  	
					
	JPMORGAN CHASE BANK, N.A.	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	
					
	JPMORGAN CHASE BANK, N.A.	  	$20,000,000 promissory note due April 17, 2009 (cash collateral to be applied) representing closed out derivatives	  	USD	  		  	
					
	JPMORGAN CHASE BANK, N.A.	  	$45,000,000 promissory note due April 17, 2009 (no collateral) representing closed out derivates	  	USD	  		  	
					
	JPMORGAN CHASE BANK, N.A.	  	Various lines of credit	  	USD	  		  	
					
	JPMORGAN CHASE BANK, N.A.	  	US$80,000,000 bilateral agreement with Cemex Materials maturing April 1, 2011	  	USD	  		  	
					
	JPMORGAN CHASE BANK, N.A.	  	US$90,000,000 bilateral agreement with Cemex Materials maturing February 28, 2011	  	USD	  		  	
					
	JPMORGAN CHASE BANK, N.A.	  	$65,000,000 SBLC	  	USD	  		  	

  

 89 

									
	JPMORGAN CHASE BANK, N.A.	  	Several other Stand By Letters of Credit	  	USD	  		  	
					
	JPMORGAN CHASE BANK, N.A.	  	CCS Perpetual Debentures (c5) ISDA Master Agreement dated December 11th
, 2006	  	USD	  		  	
					
	JPMORGAN CHASE BANK, N.A.	  	CCS Perpetual Debentures (c10) ISDA Master Agreement dated December 11th
, 2006	  	USD	  		  	

  

 90 

					
	 Exchange Rate
	  	JPY	  	98.43
			
		  	MXN	  	15.26
			
		  	EUR	  	1.2744

  

									
	 Part A
	  		  		  		  	
	 Lender
	  	 Facility/Derivative
	  	Currency	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	CITIBANK NA, NEW YORK	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	45,585,129	  	45,585,129
					
	CITIBANK NA, NEW YORK	  	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	865,709,523	  	8,795,180
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	Currency	  	 	  	 
	CITIBANK INTERNATIONAL PLC, SUCURSAL EN ESPAÑA	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	CITIBANK, N.A. NASSAU BAHAMAS BRANCH	  	US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005	  	USD	  		  	
					
	CITIBANK (BANAMEX USA)	  	US$437,500,000 & MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27 January, 2009	  	MXN	  		  	
					
	CITIBANK, N.A. NASSAU BAHAMAS BRANCH, CITIGROUP GLOBAL MARKETS INC	  	US$437,500,000 & MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27 January, 2009	  	USD	  		  	
					
	CITIBANK N.A. NASSAU, BAHAMAS BRANCH	  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	  	USD	  		  	
					
	Citibank N.A., Nassau Bahamas Branch	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	
					
	Citibank, N.A.	  	Several Bank Guarantees issued by Citibank	  	USD	  		  	

  

 91 

									
	  	  	 Derivatives:
	  	 	  	 	  	 
	Citigroup Global Markets Inc as agent for Citibank, N.A.	  	EQ (ISDA Master Agreement dated: April 23rd, 2008)	  	USD	  		  	
					
	Citibank, N.A. NEW YORK	  	IRS (ISDA Master Agreement dated: July 3rd, 2002)	  	USD	  		  	
					
	Citibank, N.A. NEW YORK	  	CAP (ISDA Master Agreement dated: July 3rd, 2002)	  	USD	  		  	
					
	Citibank, N.A. NEW YORK	  	FLOOR (ISDA Master Agreement dated: July 3rd, 2002)	  	USD	  		  	
					
	Citibank, N.A. NEW YORK	  	CCS (ISDA Master Agreement dated: July 3rd, 2002)	  	USD	  		  	
					
	Citibank, N.A. NEW YORK	  	FX-FWD (ISDA Master Agreement dated: July 3rd, 2002)	  	USD	  		  	
					
	Citibank, N.A. NEW YORK	  	IRS (ISDA Master Agreement dated: July 3rd, 2002)	  	JPY	  		  	

  

 92 

					
	 Exchange Rate
	  	JPY	  	98.43
			
		  	EUR	  	1.2744
			
		  	GBP	  	1.4314
			
		  	PLN	  	3.655
			
		  	MXN	  	15.26

  

									
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	ING Belgium SA, Sucursal en España	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	29,700,458	  	29,700,458
					
	ING Belgium SA, Sucursal en España	  	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	1,918,243,896	  	19,488,407
					
	ING Bank (México, S.A., Institución de Banca Multiple)	  	MXN 447,202,272.50 Promissory Note maturing on 17 April 2009 from CEMEX, S.A.B. de C.V.	  	MXN	  	447,202,273	  	
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	ING BELGIUM S.A. SUCURSAL EN ESPAÑA	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	ING BELGIUM S.A. SUCURSAL EN ESPAÑA	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	EUR	  		  	
					
	ING BANK N.V.	  	US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005	  	USD	  		  	
					
	ING BANK, N.V. (ACTING THROUGH ITS CURACAO BRANCH)	  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	  	USD	  		  	
					
	ING Bank NV-Willemstad Branch	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	

  

 93 

									
	ING Bank, N.V., acting through its Curacao Branch	  	US$1,050,000,000 Senior Unsecured Dutch Loan “A & B” Agreement dated 2 June, 2008	  	USD	  		  	
					
	ING Lease Flet Fianance LTD	  	Financing Leases	  	GBP	  		  	
					
	ING Bank Slaski S.A.	  	Facility Agreement	  	PLN	  		  	
					
	ING Bank, N.V.	  	Several Bank Guarantees issued by ING Bank	  	PLN	  		  	

  

 94 

					
	 Exchange Rate
	  	EUR	  	1.2744

  

									
	 Part A
	  		  		  		  	
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	CALYON NEW YORK BRANCH	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	59,154,817	  	59,154,817
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	CALYON	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	CALYON SUCURSAL EN ESPAÑA	  	US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005	  	USD	  		  	
					
	CALYON NEW YORK BRANCH	  	US$700,000,000 Term and Revolving Facilities dated 27 June, 2005	  	USD	  		  	
					
	Caisse Régionale de Crédit Agricole Mutuel du Gard	  	BANK LOAN	  	EUR	  		  	
					
	CALYON NEW YORK BRANCH	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	
					
	CALYON	  	IRS (ISDA Master Agreement dated: December 8th, 2006)	  	USD	  		  	
					
	CALYON	  	CAP (ISDA Master Agreement dated: December 8th, 2006)	  	EUR	  		  	

  

 95 

					
	 Exchange Rate
	  	EUR	  	1.2744

  

									
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	DEUTSCHE BANK LUXEMBOURG S.A.	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	11,104,669	  	11,104,669
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 

  

 96 

									
	 Exchange Rate
	  		  		  		  	
					
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	SCOTIABANK EUROPE, PLC, LONDON	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	24,141,450	  	24,141,450
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 

  

 97 

					
	 Exchange Rate
	  	JPY	  	98.43
			
		  	 EUR
	  	1.2744

  

									
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$))
	FORTIS BANK, MADRID	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	64,000,000	  	64,000,000
					
	FORTIS BANK, MADRID	  	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	591,307,500	  	6,007,391
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 

  

 98 

					
	 Exchange Rate
	  	EUR	  	1.2744
			
		  	GBP	  	1.4314

  

									
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	 LLOYDS TSB BANK, PLC
	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	28,645,956	  	28,645,956
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	LLOYDS TSB BANK, PLC	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	LLOYDS TSB BANK PLC	  	US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005	  	USD	  		  	
					
	LLOYDS TSB BANK PLC, SUCURSAL EN ESPAÑA	  	US$617,500,000 & EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27 January, 2009	  	EUR	  		  	
					
	LLOYDS TSB BANK PLC	  	Asset Finance Lesing (CEMEX UK)	  	GBP	  		  	
					
	LLOYDS TSB BANK PLC	  	Asset Finance Lesing (CEMEX France)	  	EUR	  		  	
					
	LLOYDS TSB COMMERCIAL FINANCE LTD	  	Supplier Finance (CEMEX UK)	  	GBP	  		  	

  

 99 

					
	 Exchange Rate
	  	USD	  	98.43
			
		  	EUR	  	1.2774

  

									
	 Part A
	  		  		  		  	
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	SOCIETE GENERALE, NEW YORK	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	10,000,000	  	10,000,000
					
	SOCIETE GENERALE, NEW YORK	  	Euro 250,000,000 and JPY 19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	2,368,202,341	  	24,059,762
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	SOCIETE GENERALE	  		  		  		  	
					
	SOCIETE GENERALE	  		  		  		  	
					
	SOCIETE GENERALE	  		  		  		  	
					
	SOCIETE GENERALE SA	  		  		  		  	
					
	SOCIETE GENERALE SA	  		  		  		  	
					
	Societe Generale Equipment Finance Sp. z o.o	  		  		  		  	
					
	Societe Generale – Splitska banka d.d.	  		  		  		  	
					
	SOCIETE GENERALE	  		  		  		  	

  

 100 

									
	 Exchange Rate
	  		  		  		  	

  

									
					
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	BANK OF TOKYO-MITSUBISHI UFG LTD.; SUCURSAL EN ESPAÑA	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	11,100,000	  	11,100,000
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 

  

 101 

					
	 Exchange Rate
	  	EUR	  	1.2744

  

									
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	 INTESA SAN PAOLO SPA
	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	19,445,000	  	19,445,000
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 

  

 102 

									
	 Exchange Rate
	  		  		  		  	

  

									
	 Part A
	  		  		  		  	
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	INSTITUTO DE CREDITO OFICIAL	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	62,500,000	  	62,500,000
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 

  

 103 

					
	 Exchange Rate
	  	MXN	  	15.26
			
		  	 EUR
	  	1.2744

  

									
	 Part A
	  		  		  		  	
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	WEST LB AG, SUCURSAL EN ESPAÑA	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	50,750,000	  	50,750,000
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 

  

 104 

					
	 Exchange Rate
	  	EUR	  	1.2744

  

									
	 Part A
	  		  		  		  	
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	CAJA MADRID	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	13,572,500	  	13,572,500
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 

  

 105 

									
	 Exchange Rate
	  		  		  		  	

  

									
	 Part A
	  		  		  		  	
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	ABN AMRO Bank N.V.	  	FX-FWD (ISDA Master Agreement dated May 14th, 2008)	  	USD	  		  	

  

 106 

					
	 Exchange Rate
	  	JPY	  	98.43
			
		  	 EUR
	  	1.2744

  

									
	 Part A
	  		  		  		  	
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	’BANCO ESPAÑOL DE CRÉDITO, S.A. MADRID- Banesto	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	50,750,000	  	50,750,000
					
	’BANCO ESPAÑOL DE CRÉDITO, S.A. MADRID- Banesto	  	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	2,970,778,269	  	30,181,634
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 

  

 107 

									
	 Exchange Rate
	  		  		  		  	

  

									
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	CAJA DE AHORROS DE GALICIA	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	5,000,000	  	5,000,000
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 

  

 108 

									
	 Exchange Rate
	  		  		  		  	

  

									
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	CAISSE REGIONALE DE CREDIT AGRICOLE MUTUEL DE PARIS ET D’ILE-DE-FRANCE	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	20,000,000	  	20,000,000
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 

  

 109 

					
	 Exchange Rate
	  		  	
			
	 TOTAL EXPOSURE DEFERRED
	  	USD	  	165,700,000.00
			
		  	AUD	  	37,083,869.33

  

										
	 Part A
	  		  		  		  		
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender
	Australia and New Zealand Banking Group Limited	  	US$150,000,000 Loan Facility Agreement from Australia and New Zealand Banking Group Limited dated 19 March, 2009	  	USD	  	150,000,000.00	  		
					
	Australia and New Zealand Banking Group Limited	  	Standby Letter of Credit for the account of CEMEX, Inc. / CEMEX Materials LLC	  	USD	  	1,750,000.00	  		
					
	Australia and New Zealand Banking Group Limited	  	Standby Letter of Credit for the account of CEMEX, Inc. / CEMEX Materials LLC	  	USD	  	13,950,000.00	  	USD	165,700,000.00
					
	Australia and New Zealand Banking Group Limited	  	AUS$4,000,000 Credit Cards Limit to Cemex Australia Pty Limited (AUS$515,832.22 outstanding as of March 19, 2009)	  	AUD	  	515,832.22	  		
					
		  		  		  	Outstanding as
of March 19,
2009	  		
					
	Australia and New Zealand Banking Group Limited	  	AUS$36,570,000.00 Indemnity Guarantee facilities (for performance, workmen’s comp, and financial guarantees) to Cemex Australia Pty Limited and Rinker Group Pty LTd (AUS$35,818,037.11 and
AUS$750,000.00 outstanding)	  	AUD	  	36,568,037.11	  	AUD	 37,083,869.33
					
		  		  		  	Outstanding as
of March 19,
2009	  		
					
	 Part B
	  		  		  		  		
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	 

  

 110 

									
	Exchange Rate	  		  		  		  	
					
	Part A	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	BAYERISCHE LANDESBANK	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	22,209,338	  	22,209,338
					
	Part B	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 

  

 111 

									
	Exchange Rate	  		  		  		  	
					
	Part A	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	CENTROBANCA - BANCA DE CREDITO	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	25,000,000	  	25,000,000
					
	Part B	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 

  

 112 

									
	Exchange Rate	  		  		  		  	
					
	Part A	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	20,000,000	  	20,000,000
					
	Part B	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 

  

 113 

					
	Exchange Rate	  	EUR	  	1.2744

  

									
	Part A	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	BRED BANQUE POPULAIRE	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	17,500,000	  	17,500,000
					
	Part B	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 

  

 114 

									
	Part A	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	CAJA DE AHORROS DE ASTURIAS	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	8,100,000	  	8,100,000
					
	Part B	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 

  

 115 

									
	Exchange Rate	  		  		  		  	
					
	Part A	  		  		  		  	
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	 DRESDNER BANK AG
	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	10,000,000	  	10,000,000
					
	Part B	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 

  

 116 

									
	Exchange Rate	  		  		  		  	
					
	Part A	  		  		  		  	
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	 IKB International S.A.
	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	9,975,000	  	9,975,000
					
	Part B	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 

  

 117 

					
	Exchange Rate	  	EUR	  	1.2744

  

									
	Part A	  		  		  		  	
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	 UNICREDIT S.P.A.
	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	20,000,000	  	20,000,000
					
	Part B	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 

  

 118 

 ANNEX 4 
 CONDITIONS PRECEDENT 
  

	 	(a)	Receipt by the Co-ordinators of supporting corporate authorities (including board resolutions or equivalent, powers of attorney and copies of constitutional documents) in relation
to the execution of this Letter by CEMEX Parent and CEMEX España. 

  

	 	(b)	Execution of the Co-ordinator Letters by CEMEX Parent and CEMEX España and each of the Co-ordinators and payment of any fees due thereunder (including, without limitation,
legal fees). 

  

	 	(c)	Execution of this Letter by each of the G12 and each RMC Lender (or such of the same as the G12 may determine in their absolute discretion). 

  

 119 

 ANNEX 5 
 TERMINATION EVENTS 
  

	 	(a)	An Insolvency Event occurs in relation to CEMEX Parent or any Obligor. 

  

	 	(b)	There is any breach of any of the terms of this Letter, the Derivatives Side Letter or of any term of the Co-ordinators Letters by CEMEX Parent or any Obligor or CEMEX Parent fails
to procure compliance by each member of the Group with the terms of this Letter, of the Derivatives Side Letter or of the Co-ordinators Letters as if such member of the Group were a party thereto. 

  

	 	(c)	Any Financial Creditor makes a demand for, accepts payment or discharge of or declares any Financial Indebtedness (or any other off balance sheet liabilities in the nature of
Financial Indebtedness) of any member of the Group due and payable prior to its maturity or makes election for the application of, or applies, funds in the accounts of any member of the Group towards discharge of any Liabilities under any Financial
Indebtedness (whether by way of payment or set off or otherwise) except for: 

  

	 	(i)	a repayment of principal to a Financial Creditor pursuant to the operation of a provision which requires mandatory repayment of amounts outstanding thereunder to such Financial
Creditor as a result of any of the obligations of such Financial Creditor under any Financial Indebtedness being unlawful; 

  

	 	(ii)	a repayment or discharge in the normal course of operating any overdraft facility (including any overdraft facilities or promissory note created upon crystallisation of any Soft
Facility) or allowing a rollover of any revolving facility; 

  

	 	(iii)	payment of any amount which has matured or otherwise fallen due under a Soft Facility or any public debt instrument denominated in Mexican pesos; 

  

	 	(iv)	payments from any other creditor under the same facility pursuant to any pro rata sharing provisions contained therein; 

  

	 	(v)	the following scheduled payments (expressed as amounts converted into US dollars by CEMEX Parent with a conversion date of 4 March 2009): 

  

	 	(1)	a payment in an amount of US$ equivalent 14,426 to Kreissparkasse Herzogtum Lauenburg falling due on 30 March 2009; 

  

	 	(2)	a payment in an amount of US$ equivalent 127,371 to Dragan Majetić, Croatia falling due on 31 March 2009; 

  

	 	(3)	a payment in an amount of US$ equivalent 4,000,000 to Banco de Oro Universal Bank, the Philippines, falling due on 20 April 2009; 

  

 120 

	 	(4)	a payment in an amount of US$ equivalent 4,000,000 to Banco de Oro Universal Bank, the Philippines, falling due on 20 April 2009; 

  

	 	(5)	a payment in an amount of US$ equivalent 5,868,797 to Banco de Occidente, falling due on 21 April 2009; 

  

	 	(6)	a payment in an amount of US$ equivalent 4,049,470 to Banco de Crédito Colombia, falling due on 27 April 2009; 

  

	 	(7)	a payment in an amount of US$ equivalent 5,868,797 to Banco Occidente, S.A., Colombia, falling due on 27 April 2009; 

  

	 	(8)	a payment in an amount of US$ equivalent 4,049,470 to Banco de Crédito, Colombia, falling due on 28 April 2009; 

  

	 	(9)	a payment in an amount of US$ equivalent 9,781,329 to Banco de Bogotá, S.A., Colombia, falling due on 6 May 2009; 

  

	 	(10)	a payment in an amount of US$ equivalent 43,908 to Banque Populaire Lorraine Champagne, falling due on 6 May 2009; 

  

	 	(11)	a payment in an amount of US$ equivalent 1,264,400 to Banco León, Dominican Republic, falling due on 12 May 2009; 

  

	 	(12)	a payment in an amount of US$ equivalent 2,809,778 to Banco León, Dominican Republic, falling due on 13 May 2009; 

  

	 	(13)	a payment in an amount of US$ equivalent 2,809,778 to Banco León, Dominican Republic, falling due on 14 May 2009; 

  

	 	(14)	a payment in an amount of US$ equivalent 4,214,667 to Banco Popular, Dominican Republic, falling due on 15 May 2009; 

  

	 	(15)	a payment in an amount of US$ equivalent 4,214,667 to Banco Popular, Dominican Republic, falling due on 15 May 2009; and 

  

	 	(16)	a payment in an amount of US$8,000,000 to Banco de América Central, Guatemala, falling due on 1 June 2009; 

  

	 	(vi)	other than with respect to a Lender under a Relevant Existing Facility, any payment not permitted by the preceding paragraphs in an amount which does not exceed US$15,000,000 in
respect of any individual facility or transaction arising in the ordinary course of day to day operational activities; 

  

	 	(vii)	any net balance resulting from the close-out of derivative transactions in accordance with their terms where settlement of such net balance is deferred in accordance with sub
paragraph 3.1(a) of paragraph 3 (Conditional Waivers and Extensions); 

  

 121 

	 	(viii)	prior to any agreement relating to the treatment of the securitisation programmes of the Group (and it is the intention of CEMEX Parent, the Co-ordinators and the relevant Lenders
associated with such programmes to commence discussions with respect to the treatment of such programmes as soon as appropriate), the making of any payments by a member of the Group pursuant to the following securitisation programmes:

  

	 	(1)	the securitisation programme having a maturity date of 31 May 2009 and maximum funding amount of EUR 160,000,000, in respect of receivables, made pursuant to a transfer
agreement (as amended, restated, supplemented or otherwise modified from time to time) by and among Cemex France Finance SAS, RMC France SAS and ING Belgium S.A. Succursale en France and pursuant to the related documents executed in connection
therewith and with a guarantee provided by Cemex España; 

  

	 	(2)	the securitisation programme in respect of receivables and certain related assets pursuant to an amended and restated receivables assignment agreement dated as of 9 May 2006
(as the same may be amended, restated, supplemented or otherwise modified from time to time) by and among CEMEX España and certain of its Spanish Subsidiaries, and Compass Traderec V L.L.C., and WestLB AG; 

  

	 	(3)	the securitisation programme in respect of receivables and certain related assets pursuant to a loan agreement dated as of 9 January 2008 (as the same may be amended, restated,
supplemented or otherwise modified from time to time) by and among HSBC Mexico, S.A., Institución de Banca Múltiple, Grupo Financiero HSBC, División Fiduciaria not in its individual capacity, but solely as trustee and for the
account of the MTY-2008 Receivables Trust under the MTY-2008 Receivables Trust Agreement, CEMEX MEXICO, S.A. DE C.V., and WLB Funding, S.A. de C.V., SOFOM, E.N.R; 

  

	 	(4)	the securitisation programme in respect of receivables and certain related assets pursuant to an amended and restated receivables purchase agreement dated as of 20 March 2008
(as the same may be amended, restated, supplemented or otherwise modified from time to time) by and among GROL Enterprises, LLC, CEMEX, Inc., as servicer, JPMorgan Chase Bank, N.A., as agent, and the financial institutions, conduit purchasers and
managing agents party thereto, and pursuant to the related documents executed in connection therewith; and 

  

	 	(ix)	payment in respect of the one year US$1,750,000 standby letter of credit for workmen’s compensation due 1 April 2009 issued by Australia and New Zealand Banking Group
Limited under which such issuer sent a notice of termination to the beneficiary on 2 March 2009, 

  

 122 

 provided that the maximum aggregate amount of all payments of Financial Indebtedness under sub
paragraph (v) shall not exceed US$50,000,000 during the Relevant Period, and further provided that CEMEX Parent shall notify the Co-ordinators if it or any member of the Group makes any repayment of Financial Indebtedness prior to its
stated maturity (other than payments referred to in sub paragraphs (i) to (ix)) (with a copy of such notice to be sent by the Co-ordinators to the Lenders). 
 In any event, CEMEX Parent shall notify the Co-ordinators if it or any member of the Group makes any payment of principal at its stated maturity (other than payments referred to in sub paragraphs (i) to
(ix) and as permitted under any Liquidity Facilities) (with a copy of such notice to be sent by the Co-ordinators to the Lenders). 
  

	 	(d)	Any Lender takes any action to reduce a Waiver Limit, declare a default or cancel any Relevant Existing Facility or any guarantee or indemnity in favour of a third party or make any
alterations to the terms of any Relevant Existing Facility or this Letter (other than (i) as necessary to incorporate waivers and amendments requested in this Letter, (ii) cancellations by Lenders of undrawn commitments under Existing
Facilities above the Waiver Limit, or (iii) a reduction of the time period for which a Financial Creditor’s exposure is open under any committed trade lines). 

  

	 	(e)	Any Lender increases the margin or pricing terms of any Relevant Existing Facility other than in accordance with the terms of such Relevant Existing Facility as in effect on the
Reference Date (except for (i) the charging of interest at a rate not exceeding 4.00% per annum over cost of funds (as determined by the relevant Lender, acting reasonably) on the amount of any net balance resulting from any close out of
derivatives transactions or collateral agreements or any notes issued in connection therewith or (ii) the charging of interest (to be paid in monthly instalments) at a rate not exceeding 4.00% per annum over cost of funds (as determined by
the relevant Lender, acting reasonably) on a Converted Amount (as defined below) where upon maturity or a crystallisation of a liability owing to a Lender under a Soft Facility, the Lender converts the unpaid amount (a “Converted Amount”)
into an overdraft facility or promissory note payable on demand at any time after the Relevant Period). 

  

	 	(f)	Any Lender charges, in respect of a Relevant Existing Facility, interest at a default rate as defined in that Relevant Existing Facility or any analogous rate on any principal
amount under any Relevant Existing Facility (provided that no Lender shall be prohibited from receiving default interest to the extent other creditors under that Relevant Existing Facility are receiving such amounts). 

  

	 	(g)	 Any Lender takes any steps to enforce or make demand under any guarantee, Security or other right of recourse held by it (including but not limited to making a
demand for cash cover or blocking any existing cash collateral account or applying any funds standing to the credit of any accounts over which it has a right of direct debit) in each case whether from a member of the Group or a third party other
than an export credit agency, credit insurer, risk 

  

 123 

	 	 
sub-participant, or other entity providing credit support in its professional capacity and which entity will not, as a result, have or acquire rights of
recourse against the Group which are not regulated by this Letter or otherwise takes any Enforcement Action in each case in respect of any Relevant Existing Facility except (i) as required by law, or (ii) the making of a demand, serving
notice of non-renewal or serving notice of default under a Soft Facility or a facility for the issuance of documentary credits (including letters of credit) when a liability under that Soft Facility matures to the extent necessary and for the
purpose of crystallising or preserving that liability. 

  

	 	(h)	Any Lender takes any steps in connection with any Relevant Existing Facility to wind up or appoint a receiver, administrative receiver or administrator over, or commence any other
insolvency related proceedings (or analogous proceedings in any other jurisdiction) against any member of the Group or against any assets of any member of the Group. 

  

	 	(i)	Any Lender seeks or takes any new Security, cash cover, guarantee or indemnity in connection with any Relevant Existing Facility (including, without limitation, pursuant to a credit
support agreement). 

  

	 	(j)	Any Lender exercises any right of appropriation, set-off or combination of accounts to reduce outstandings permanently under any Relevant Existing Facility (except to the extent
required by law, and except for the netting, set off or consolidation of balances as between accounts of one or more members of the Group with a Lender pursuant to netting, set off, auto transfer or other cash pooling type arrangements between the
relevant Group members and that Lender). 

  

	 	(k)	Any member of the Group declares, makes or pays any cash dividend, charge, fee or other cash distribution on or in respect of its share capital (or any class of its share capital)
to a person who is not a member of the Group other than (i) any such dividend, fee, charge or other cash distribution made to a minority shareholder of a member of the Group at the same time as an amount being paid to a member of the Group or
(ii) any amount or distribution which is an interest payment on Financial Indebtedness but, for accounting purposes, is treated as a dividend. 

  

	 	(l)	CEMEX Parent or any member of the Group makes any Unnecessary Capital Expenditure during the Relevant Period (for the purposes of this paragraph (l), where “Unnecessary Capital
Expenditure” means any non-maintenance capital expenditure proposed by CEMEX Parent or a member of the Group for payment during the Relevant Period that FTI Consulting Canada ULC., in conducting its review as referred to in sub paragraph 5.1 of
paragraph 5 (Co-operation with Due Diligence and Lenders’ Financial Adviser), deems to be unnecessary during, or deferrable until after, the Relevant Period) provided that, for the avoidance of doubt, the following amounts of capital
expenditure may not be deemed by FTI Consulting Canada ULC. to be unnecessary or deferrable: 

  

	 	(a)	amounts of capital expenditure approved by the board of CEMEX Parent or any member of the Group prior to the date of this Letter (for payment during the period from the date of this
Letter until April 30, 2009); and 

  

 124 

	 	(b)	amounts of capital expenditure which CEMEX Parent or any member of the Group is legally committed to make as a result of commitments incurred, undertaken or entered into prior to
the date of this Letter. 

  

	 	(m)	Any Lender notifies the Co-ordinators and CEMEX Parent that it reasonably believes that an event or circumstance has occurred which is materially prejudicial to its interest
relative to other creditors of the Group (such Lender, a “Terminating Lender”) (with a copy of such notice to be sent by the Co-ordinators to the Lenders). 

 Notwithstanding any provision to the contrary in this Letter, none of the following shall constitute a Termination Event: 
  

	(i)	the granting of the Bridge Liquidity Facility or any other liquidity facilities to members of the Group (together, the “Liquidity Facilities”) (and CEMEX Parent
shall notify the Co-ordinators if any Liquidity Facilities are granted to it or other members of the Group during the Relevant Period (with a copy of such notice to be sent by the Co-ordinators to the Lenders)); 

  

	(ii)	any repayment or prepayment of principal or any payment of interest in respect of any Liquidity Facility; 

  

	(iii)	the granting of any Security in relation to a Liquidity Facility; 

  

	(iv)	any action taken in relation to derivatives positions which is explicitly required under or explicitly permitted by the Derivatives Side Letter; or 

  

	(v)	the payment of interest or fees falling due in respect of any Financial Indebtedness. 

  

 125 

 ANNEX 6 
 REPRESENTATIONS AND WARRANTIES 
  

	 	(a)	It has the power to enter into, perform and deliver and has taken all necessary action to authorise its entry into, performance and delivery of this Letter and (if such Obligor is a
party thereto) the Derivatives Side Letter. 

  

	 	(b)	The execution by it of this Letter and (if a party thereto) the Derivatives Side Letter and the exercise of its rights and the performance of its obligations under this Letter and
(if a party thereto) the Derivatives Side Letter: 

  

	 	(i)	do not constitute and will not result in any breach of applicable law, any agreement to which it is party or any of its constitutive documents; and 

  

	 	(ii)	will not result in the existence of or oblige it to create any Security over any of its assets. 

  

	 	(c)	No corporate action, legal proceeding or other procedure or step has been taken against any member of the Group in relation to: 

  

	 	(i)	its winding up, dissolution, concurso mercantil, quiebra, administration or reorganisation (by way of voluntary arrangement, scheme of arrangement or similar arrangement); or

  

	 	(ii)	the appointment of a liquidator, receiver, administrator, conciliador, administrative receiver, compulsory manager or similar officer in respect of any member of the Group or
any of its assets; or 

  

	 	(iii)	any analogous procedure or step in any jurisdiction. 

  

	 	(d)	To the best of its knowledge and belief having made all due enquiries, after giving effect to the extensions and waivers granted in sub paragraph 3.1 of paragraph 3 (Conditional
Extensions and Waivers), no Termination Event had occurred prior to the date of this Letter. 

  

	 	(e)	To the best of its knowledge and belief having made all due enquiries, after giving effect to the extensions and waivers granted in sub paragraph 3.1 of paragraph 3 (Conditional
Extensions and Waivers), no Termination Event has occurred during the Relevant Period. 

  

	 	(f)	Subject to the extensions and waivers granted in sub paragraph 3.1 of paragraph 3 (Conditional Extensions and Waivers), to the best of its knowledge and belief, having made
all due enquiries, no Default has occurred under any Existing Facility which is continuing, outstanding or subsisting (howsoever described). 

  

 126 

 ANNEX 7 
 FORM OF LENDER ACCESSION LETTER 
  

	To:	CEMEX, S.A.B. de C.V. (the “Company”) 

 The Co-ordinators (as defined in the Letter) 
  

	From:	[Name of acceding Lender] 

  

	1.	We refer to the Conditional Waiver and Extension Agreement dated [—] 2009 entered into by the Company and certain of its subsidiaries with
certain of their creditors (the “Agreement”). Terms defined in the Agreement have the same meaning in this Letter. 

  

	2.	We agree to become a Lender for the purposes of the Agreement. 

  

	3.	The Appendix to this Lender Accession Letter sets out details of the facilities to which we are party, each of which we wish to designate: 

  

	 	(a)	(if not already so designated) an Existing Facility under the Agreement; and 

  

	 	(b)	with respect to ourselves, a Relevant Existing Facility, 

 and sets out our Exposure under each such Relevant Existing Facility. 
  

	4.	[Subject to the terms of paragraph 3 (Conditional Waivers and Extensions) of the Agreement, we agree, in relation to each Relevant Existing Facility, to temporarily waive,
for the Relevant Period, any and all Default under [—].] 

 [Note that paragraph 4 is
for inclusion where waivers are to be given by the Acceding Lender which are not already granted by paragraph 3.1 of the Letter] 
  

	
	Yours faithfully
	
	  

	for and on behalf of
	[Acceding Lender]

 APPENDIX TO LENDER ACCESSION LETTER 
 [Details of facilities and exposures to be included] 
  

 127 

 ANNEX 8 
 FORM OF ACCEDING OBLIGOR ACCESSION LETTER 
  

	To:	The Lenders (as defined in the Agreement) 

  

	From:	[Name of Acceding Obligor] 

 We refer to the Conditional Waiver and
Extension Agreement dated [—] 2009 entered into by CEMEX, S.A.B. de C.V. and certain of its subsidiaries with certain of their creditors (the “Agreement”). Terms defined in the Agreement have the
same meaning in this letter. 
 We agree to become an Obligor for the purposes of the Agreement [and the Derivatives Side Letter]. 
 [Note that the inclusion of the Derivatives Side Letter is only relevant if the proposed Obligor should become a party thereto by virtue of it being a CEMEX
Derivatives Party (as defined in the Derivatives Side Letter)] 
  

	
	Yours faithfully
	
	  

	for and on behalf of
	[Acceding Obligor]

  

 128 

 LENDER ACCESSION LETTER 
  

	Date:	30 April 2009 

  

	To:	CEMEX, S.A.B. de C.V. (the “Company”) 

 The Co-ordinators (as defined in the Letter) 
  

	From:	Standard Chartered Bank 

  

	1.	We refer to the Conditional Waiver and Extension Agreement dated 16 April 2009 entered into by the Company and certain of its subsidiaries with certain of their creditors (the
“Agreement”). Terms defined in the Agreement have the same meaning in this Letter. 

  

	2.	We agree to become a Lender for the purposes of the Agreement. 

  

	3.	The Appendix to this Lender Accession Letter sets out details of the facilities to which we are party, each of which we wish to designate: 

  

	 	(a)	(if not already so designated) an Existing Facility under the Agreement; and 

  

	 	(b)	with respect to ourselves, a Relevant Existing Facility, 

 and sets out our Exposure under each such Relevant Existing Facility. 
  

	
	Yours faithfully
	
	 /s/ [illegible]

	for and on behalf of
	Standard Chartered Bank

 APPENDIX 
  

									
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	STANDARD CHARTERED BANK	  	Amended and Restated Consolidated Promissory Note dated 24 April 2009	  	USD	  	45,329,599.74	  	45,329,599.74

  

 130 

 LENDER ACCESSION LETTER 
  

	To:	CEMEX, S.A.B. de C.V. (the “Company”) 

 The Co-ordinators (as defined in the Letter) 
  

	From:	Merrill Lynch International Bank Limited 

  

	Dated:	 30th April 2009 

  

	4.	We refer to the Conditional Waiver and Extension Agreement dated 16 April 2009 entered into by the Company and certain of its subsidiaries with certain of their creditors (the
“Agreement”). Terms defined in the Agreement have the same meaning in this Letter. 

  

	5.	We agree to become a Lender for the purposes of the Agreement. 

  

	6.	The Appendix to this Lender Accession Letter sets out details of the facilities to which we are party, each of which we wish to designate: 

  

	 	(a)	(if not already so designated) an Existing Facility under the Agreement; and 

  

	 	(b)	with respect to ourselves, a Relevant Existing Facility, 

 and sets out our Exposure under each such Relevant Existing Facility. 
  

	
	Yours faithfully
	
	 /s/ Miriam [illegible]

	for and on behalf of
	Merrill Lynch International Bank Limited

 APPENDIX 
  

									
	Part A	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	Currency	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	Merrill Lynch International Bank Limited	  	Net amount after closed out several derivative transactions	  	USD	  	34,072,565.81	  	34,072,565.81
					
	Part B	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	Currency	  	 	  	 

  

 132 

 EXECUTION COPY 
 SIDE LETTER TO THE CONDITIONAL WAIVER AND EXTENSION 
 AGREEMENT 
  

	(1)	CEMEX, S.A.B. de C.V. 

 Ave. Ricardo Margáin Zozaya
# 325 
 Col. Valle del Campestre 
 Garza García, N.L. 66265 México 
  

	(2)	CEMEX España, S.A. 

 Hernández de Tejada, 1

 28027 Madrid 
 Spain

 April 1, 2009 
 Ladies and Gentlemen:

 We refer to the Conditional Waiver and Extension Agreement (the “CWEA”) dated on or about April 1, 2009 (with effect from
March 24, 2009), between CEMEX, S.A.B. de C.V. (“CEMEX Parent”), CEMEX España, S.A. and each of the banks and financial institutions party thereto (the “Lenders”). Each capitalized term that is used
but not defined in this letter agreement (this “Agreement”) shall have the meaning assigned to it in the CWEA. The parties hereto hereby agree, with effect from and including March 24, 2009, as follows: 
 (1) CEMEX Parent shall cause all derivatives positions to which any CEMEX Derivatives Party is a party to be closed out except the Excluded Positions. “CEMEX
Derivatives Party” means any party to a derivatives position (1) that is an Obligor, a Subsidiary Obligor or a subsidiary of CEMEX Parent or (2) with respect to which any Obligor, Subsidiary Obligor or subsidiary of CEMEX Parent
is a credit support provider; provided that none of C5 Capital (SPV) Limited (“C5”), Swap 5 Capital (SPV) Limited (“Swap 5”), C8 Capital (SPV) Limited (“C8”), Swap 8 Capital (SPV) Limited
(“Swap 8”), C10 Capital (SPV) Limited (“C10”), Swap 10 Capital (SPV) Limited (“Swap 10”), C10-EUR Capital (SPV) Limited (“C10-EUR”) or Swap 10 Capital (SPV) Limited
(“Swap 10-EUR”) shall be a CEMEX Derivatives Party. “Excluded Position” means each of the positions set forth in Annex 1 hereto. For the avoidance of doubt, none of the extinguishable swaps to which C5, Swap 5,
C8, Swap 8, C10, Swap 10, C10-EUR or Swap 10-EUR is a party will be required to be closed out. For the avoidance of doubt, any derivatives positions existing or entered into in the operation of the Group’s ordinary course of business, and
not for speculative purposes: (1) with respect to which all parties and credit support providers are members of the Group or (2) which is a Permitted Commodity Contract and any agreement incidental thereto shall not be subject to the
provisions of this Agreement. “Permitted Commodity Contract” means any commodity contract or 

 EXECUTION COPY 
  

 
agreement with respect to which all parties and credit support providers are not financial institutions. For purposes of this definition
“commodity” means raw materials and other inputs used in the Group’s operations, energy, water, electric power, electric power capacity, generation capacity, power, heat rate, congestion, diesel fuel, fuel oil, other petroleum-based
liquids, coal, commodity transportation, urea, financial transmission rights, emissions and other environmental credits, allowances or offsets, renewable energy credits, Certified Emission Reductions, European Union Allowances, natural gas, nuclear
fuel and waste products or by-products thereof or other such tangible or intangible commodity of similar type or description. 
 (2) CEMEX
Parent will administer the unwinding of all derivatives positions to be closed out and will have 10 business days beginning on and including March 24, 2009 (such period, the “Unwind Period”) to complete the unwinding process.

 (3) To the extent the mark-to-market value of the derivatives positions (including any unpaid termination amounts) moves against the
applicable CEMEX Derivatives Party, CEMEX Parent shall cause the applicable CEMEX Derivatives Party to continue to post collateral or margin to the applicable counterparty under the terms of the Applicable Contract until all derivatives positions
with that counterparty have been closed out. “Applicable Contract” means, with respect to a derivatives position, the agreement governing such derivatives position, as in effect on March 24, 2009, subject to Section 8 of
this Agreement. 
 (4) No Lender party hereto shall be obligated to: 
  

	 	(a)	other than in connection with any Excluded Position, return any collateral or margin to the applicable CEMEX Derivatives Party or 

  

	 	(b)	pay the applicable CEMEX Derivatives Party any termination payments, 

 in
each case until all derivatives positions with that Lender (other than any Excluded Positions) have been closed out. 
 (5) Before all of a
Lender’s derivatives positions with a CEMEX Derivatives Party have been closed out, a Lender may accept a CEMEX Note (as defined below) as satisfaction of any payment obligation of a CEMEX Derivatives Party. Upon close-out of all of a
Lender’s derivatives positions with a CEMEX Derivatives Party (other than any Excluded Positions), that Lender will: 
  

	 	(a)	 calculate a net balance after netting and/or setting off all termination payments under and CEMEX Notes issued with respect to such closed-out derivatives positions
(and if such termination payments or 

  

 2 

 EXECUTION COPY 
  

	 	 
CEMEX Notes are expressed in different currencies, such Lender will, prior to such netting and/or setting off, convert all payments into a single currency in
a commercially reasonable manner), and 

  

	 	(b)	apply any collateral or margin that Lender is holding against the net amounts owing to that Lender, 

 in each case, in accordance with the terms of the Applicable Contract (as if the Applicable Contract were terminated as a result of a CEMEX Derivatives Party default); provided that a Lender may apply
collateral or margin to CEMEX Notes or termination payments due prior to the close-out of all of a Lender’s derivatives positions with a CEMEX Derivatives Party. If after this setting-off, netting and application, the applicable CEMEX
Derivatives Party owes that Lender a payment of money, the net amount payable will be deferred in accordance with the CWEA, and the applicable CEMEX Derivatives Party shall pay accrued interest monthly on the amount deferred, which obligation shall
be evidenced in one or more CEMEX Notes with an aggregate outstanding principal balance equal to such amount deferred (it being understood that the Lender will cooperate with the applicable CEMEX Derivatives Party to reduce the outstanding balance
of or return any CEMEX Note to the extent that the Lender has an excess outstanding principal amount of CEMEX Notes). “CEMEX Note” means a non-negotiable demand promissory note acceptable to the Lender (it being understood that
(i) the Lender will extend the payment date for any principal payment in respect of such promissory note in accordance with the terms of the CWEA, (ii) interest shall accrue on such promissory note at the Lender’s cost of funds plus
4.00% and (iii) if the terminated derivatives positions are the subject of any guarantee, such promissory note shall be the subject of an equivalent guarantee (or a guarantee por aval) to be granted by the same guarantor). If after this
setting-off, netting and application, the applicable Lender owes a payment of money or a return of collateral or margin to the applicable CEMEX Derivatives Party, then that Lender will make such payment or return to the applicable CEMEX Derivatives
Party in accordance with the terms of the Applicable Contract. 
 (6) Upon close-out of any derivatives position (other than any Excluded
Position) between a CEMEX Derivatives Party and a counterparty that is not a Lender, all termination and other payments and deliveries in accordance with the terms of the agreement governing such derivatives position shall be permitted. 

(7) With respect to each Excluded Position, margin calls or collateral postings by either party for mark-to-market movements will be permitted as
provided in the Applicable Contract. (A) At any time with respect to any Excluded Position and (B) on or prior to the ninth business day after the Reference Date with respect to any other derivatives positions, any making of scheduled
payments pursuant to the Applicable Contract will be permitted. 
  

 3 

 EXECUTION COPY 
  

 (8) Increases in collateral or margin requirements under any Applicable Contract (including, for the
avoidance of doubt, with respect to Excluded Positions) of any CEMEX Derivatives Party as the result of CEMEX Parent ratings downgrades or similar credit-related occurrences will not apply during the Relevant Period. 
 (9) No collateral or margin shall be posted by any CEMEX Derivatives Party in respect of any derivatives positions entered into by a CEMEX Derivatives
Party during the Relevant Period. 
 (10) CEMEX Parent acknowledges that each Lender is relying on CEMEX Parent’s performance of its
obligations set forth in this Agreement. Each Lender that is a party to this Agreement agrees not to deliver any notice pursuant to sub paragraph 3.5 or 3.6 of the CWEA solely as a result of any action taken by CEMEX Parent, any CEMEX Derivatives
Party or any Lender that is a Termination Event under the CWEA but is explicitly required under or explicitly permitted by this Agreement. 
 (11) The provisions of paragraphs 11 and 12 of the CWEA shall apply to this Agreement as if set out in full herein except that (A) references to “this Letter” shall be construed as references to this Agreement and
(B) the parties to this Agreement confirm that the appointment of the Process Agent in accordance with the terms of the CWEA will be sufficient for the purposes of this Agreement and that a separate appointment is not required. 
 (12) No amendment or waiver of any provision of this Agreement shall in any event be effective unless the same shall be in writing and signed by the
parties hereto. 
 (13) This Agreement may be executed in any number of counterparts and this has the same effect as if the signatures on the
counterparts were on a single copy of this Agreement. 
 Yours truly, 
  

 4 

			
	ABN AMRO Bank N.V.
		
	By:	 	 /s/ Luis Moreno

	Name:	 	Luis Moreno
	Title:	 	Attorney
		
	By:	 	 /s/ Hernan Lopez [illegible]

	Name:	 	Hernan Lopez [illegible]
	Title:	 	Attorney

			
	Australia and New Zealand Banking Group Limited
		
	By:	 	 /s/ John W. Wade

	Name:	 	John W. Wade
	Title:	 	Deputy General Manager
		 	Head of Operations and Infrastructure

			
	Banco Santander, S.A.
		
	By:	 	 /s/ Juan A. [illegible]

	Name:	 	Juan A. [illegible]
	Title:	 	Attorney-in-Fact

			
	Bank of America, N.A.
		
	By:	 	 /s/ Orlando Loera

	Name:	 	Orlando Loera
	Title:	 	Attorney-in-Fact

  

			
	Barclays Bank PLC
		
	By:	 	 /s/ Mark Manski

	Name:	 	Mark Manski
	Title:	 	Managing Director

			
	BBVA Bancomer S.A., Instituciòn de Banca Mùltiple, Grupo Financiero BBVA Bancomer
		
	By:	 	 /s/ Lorenzo [illegible]

	Name:	 	Lorenzo [illegible]
	Title:	 	Attorney-in-Fact
		
	By:	 	 /s/ Luis Cano

	Name:	 	Luis Cano
	Title:	 	Attorney-in-Fact

			
	BNP Paribas
		
	By:	 	 /s/ Christopher [illegible]

	Name:	 	Christopher [illegible]
	Title:	 	Director
		
	By:	 	 /s/ John Treadwell

	Name:	 	John Treadwell
	Title:	 	Vice President

			
	Calyon, Sucursal en Madrid
		
	By:	 	 /s/ Richard Teitelbaum

	Name:	 	Richard Teitelbaum
	Title:	 	Director
		
	By:	 	 /s/ Alan Sidrane

	Name:	 	Alan Sidrane
	Title:	 	Managing Director

			
	Citibank, N.A.
		
	By:	 	 /s/ Flavio Figueiredo

	Name:	 	Flavio Figueiredo
	Title:	 	Managing Director

			
	HSBC Bank USA, National Association
		
	By:	 	 /s/ Pierre N. McDonnaugh

	Name:	 	Pierre N. McDonnaugh
	Title:	 	Vice President

			
	HSBC México, SA, Institución de Banca Múltiple, Grupo Financiero HSBC
		
	By:	 	 /s/ Carlos Gonzalez [illegible]

	Name:	 	Carlos Gonzalez [illegible]
	Title:	 	Attorney in Fact

			
	ING Bank N.V. (on behalf of itself and its subsidiaries)
		
	By:	 	 /s/ M.P.W. van Klink

	Name:	 	M.P.W. van Klink
	Title:	 	Sr. Manager Credit Restr.
		
	By:	 	 /s/ Pia Gutierrez Ugarte

	Name:	 	Pia Gutierrez Ugarte
	Title:	 	Sr. Account Manager GCR

			
	JPMORGAN CHASE BANK, N.A.
		
	By:	 	 /s/ William A. Austin

	Name:	 	William A. Austin
	Title:	 	Executive Director

			
	Merrill Lynch International Bank Limited
		
	By:	 	 /s/ [illegible]

	Name:	 	
	Title:	 	

			
	The Royal Bank of Scotland plc
		
	By:	 	 /s/ Pablo Otero

	Name:	 	Pablo Otero
	Title:	 	
	
	 /s/ Ignacio [illegible]

	Attorney

			
	Accepted and agreed:
	
	CEMEX, S.A.B. de C.V.
	For itself and on behalf of each
	CEMEX Derivatives Party
		
	By:	 	 /s/ [illegible]

	Name:	 	
	Title:	 	

			
	Accepted and agreed:
	
	CEMEX España, S.A.
	For itself and on behalf of each
	CEMEX Derivatives Party
		
	By:	 	 /s/ [illegible]

	Name:	 	
	Title:	 	

 ANNEX 1 
 EXCLUDED POSITIONS1

 The following are Excluded Positions: 
  

	 	(a)	the IRT transactions that are governed by the ISDA Master Agreement dated as of February 14, 2003 between Banco Santander S.A., Institución de Banca Múltiple,
Grupo Financiero Santander and Centro Distribuidor de Cemento, S.A. de C.V. (References: 6032 – 1000760 and 6032 – 1000761); 

  

	 	(b)	the trust put options that are governed by the ISDA Master Agreement dated as April 23, 2008 between Citigroup Global Markets Inc, as agent for Citibank N.A., and Banco
Nacional de Mexico, S. A., Integrante del Grupo Financiero Banamex, División Fiduciaria, acting solely as trustee under Trust No. 111339-7 (Reference: Trust Number 111339-7); 

  

	 	(c)	the Axtel share forward transaction that is governed by a long form Confirmation dated January 22, 2009 between Credit Suisse International and Centro Distribuidor de Cemento
S.A. de C.V. (References: External ID: 16059563 – Risk ID: 10008383); 

  

	 	(d)	the Axtel share forward transaction that is governed by a long form Confirmation dated April 1, 2008 between BBVA Bancomer S.A., Institución de Banca Múltiple,
Grupo Financiero BBVA Bancomer and Centro Distribuidor de Cemento S.A. de C.V. (Reference: EQS- 1428-MX344247); 

  

	 	(e)	the PEZ transactions that are governed by an ISDA Master Agreement dated as of October 12, 2000 between Banco Santander S.A., Institución de Banca Múltiple, Grupo
Financiero Santander and Centro Distribuidor de Cemento, S.A. de C.V. (References: 4763217.25 – 4763238.25, 4763415.25 – 4763431.25, 4763342.25 – 4763323.25, 4763271.25 – 4763311.25, 4763438.25 – 4763454.25, 4763375.25
– 4763392.25); 

  

	 	(f)	the interest rate swap governed by a Swap Agreement dated September 24, 2007 between Banco Nacional de México, S.A., Integrante del Grupo Financiero Banamex,
División Fiduciaria, not in its individual capacity but acting solely as trustee on behalf of the Trust Number 111014-2 under the Restated Trust Agreement dated as of March 26, 1999, as amended, modified or supplemented from time to time
and Cemex, S.A.B. de C.V.; 

  

	1
	G12 to review list of Excluded Positions. 

	 	(g)	any forward transactions under the Electricity Sales and Purchase Agreement between Sempra Energy Solutions LLC and RMC Pacific Materials Inc. dated as of October 31, 2007;

  

	 	(h)	the EU Emissions Allowance transactions that are governed by an ISDA Master Agreement dated as of June 3, 2005, between Morgan Stanley Capital Services Inc. and Cemex S. A. B.
de C. V. (References: 118068, 118252, 118704,118698,113274, 113276, 113277, 113278, 113279, 113282, 113283, 113284, 113285, 113286, 113206, 113209, 113210, 113211, 113212, 113213, 113214, 113215, 113216, 113218, 113219, 113220, 113221, 113222,
113223, 113224, 113225, 113226, 113227, 113228); and 

  

	 	(i)	all EU Emissions Allowance transactions under the “Contrato de Swap de CERs por EUAs”, dated September 23, 2008 between Caleras de San Cucao, S. A. and Cemex
International Finance Company.Amendment No.1 to Conditional Waiver and Extension Agreement

 EXHIBIT 4.32.1 
 AMENDMENT TO CONDITIONAL WAIVER AND EXTENSION AGREEMENT 
  

	(1)	CEMEX, S.A.B. de C.V. (“CEMEX Parent”) 

 Ave. Ricardo Margáin Zozaya # 325 
 Col. Valle del Campestre 
 Garza García, N.L. 66265 México 
  

	(2)	CEMEX España, S.A. (“CEMEX España”) 

 Hernández de Tejada, 1 
 28027 Madrid 
 Spain 
 29 June 2009 
 Dear Sirs 
 Amendment to Conditional Waiver and Extension Agreement 
  

	1.	We refer to: 

  

	 	(a)	the Conditional Waiver and Extension Agreement dated 16 April 2009 between, inter alios, CEMEX Parent, CEMEX España and the banks and financial institutions (the
“Lenders”) party thereto (the “CWEA”); and 

  

	 	(b)	the draft termsheet setting out the terms of a master override agreement in relation to the restructuring of the Existing Facilities (the “Master Override
Agreement”) circulated to the Lenders (the “Termsheet”). 

  

	2.	Terms defined and expressions used in the CWEA shall have the same meaning and construction in this letter unless the context otherwise indicates. 

  

	3.	Having regard to the progress that has been made by CEMEX Parent and CEMEX España with the Co-ordinators and the Committee Banks in respect of reaching broad commercial
agreement on a refinancing plan as evidenced by the circulation of the Termsheet to the Lenders, each of the parties hereto agrees to amend the CWEA with effect from the date hereof in accordance with the provisions of paragraphs 4 to 9 of this
letter. The effect of these amendments is to ensure that: 

  

	 	(a)	the Relevant Period under the CWEA remains effective until 31 July 2009; 

  

	 	(b)	additional Relevant Existing Facilities, pursuant to which maturities shall fall due during the revised Relevant Period, are made subject to the terms and conditions of the CWEA;
and 

  

	 	(c)	Lenders are paid fees until the end of the Relevant Period (as amended). 

	4.	The definition of “Relevant Period” in Annex 2 (Definitions and Interpretation) to the CWEA shall be deleted in its entirety and replaced with the following:

 ““Relevant Period” means the period that starts on the Reference Date and ends on the earlier of:

  

	 	(a)	6pm Madrid time on 31 July 2009 except that where, on the date of this Letter, any Lender only has credit and other internal approvals to provide the extensions and
waivers set out in sub paragraph 3.1 of paragraph 3 (Conditional Waivers and Deferrals) for a period starting on the Reference Date and ending prior to 31 July 2009, and such Lender has not, prior to the end of such lesser period
confirmed to the Co-ordinators and CEMEX Parent that it has obtained credit and other internal approvals for a period ending on 31 July 2009, then the Relevant Period for the purposes of this paragraph (a) shall end on the date for which
that Lender has obtained credit and other internal approvals (the “End Date”) provided that such Lender shall notify the Co-ordinators and CEMEX Parent of such End Date not less than five days prior to such End Date (with a
copy of such notice to be sent by the Co-ordinators to the Lenders); 

  

	 	(b)	the Master Override Agreement becoming fully effective in accordance with its terms; and 

  

	 	(c)	the termination of the Relevant Period pursuant to sub paragraph 3.5 (or, with respect only to the relevant Terminating Lender and any relevant Further Terminating Lender, pursuant
to sub paragraph 3.6) of paragraph 3 (Conditional Waivers and Extensions).” 

  

	5.	Paragraph 10 (Fees) of the CWEA shall be amended as follows: 

  

	 	(a)	in sub paragraph (c), the full stop at the end of that paragraph shall be deleted and replaced with a semi-colon; and 

  

	 	(b)	a new sub paragraph (d) shall be added as follows: 

 “a fee of 0.25% on the amount of its Extended Payment, which shall be payable on 31 July 2009 (provided that the Relevant Period has not been terminated prior to such date other than pursuant to the provisions of (b) of the
definition of Relevant Period).” 
  

	6.	Annex 2 (Definitions and Interpretation) shall be amended to include the following definitions: 

 ““Amendment Date” means the date on which this Letter was amended by way of an amendment letter. 
 “Lender” means an Original Lender, a New Lender or any other Lender that has already acceded to or accedes to this Letter pursuant to a
Lender Accession Letter. 
  

 2 

 “Master Override Agreement” means the master override agreement to be entered into
between, inter alios, CEMEX Parent, CEMEX España, certain Lenders and any other relevant Financial Creditor in respect of the restructuring of the Existing Facilities and any other relevant facilities and financial accommodation
provided by other Financial Creditors of the Group. 
 “New Lender” means any Financial Creditor that became a Lender under
this Letter on the Amendment Date. 
 “Original Lender” means any Lender which was a party to this Letter on and from
16 April 2009.” 
  

	7.	Annex 3 (Exposures) to the CWEA shall be deleted in its entirety and replaced with a new Annex 3 in the form provided for in Schedule 1 (Amended Annex 3) to this
amendment letter. 

  

	8.	In respect of any Financial Creditors that prior to the date of this amendment letter, were not Lenders, for the purposes of this amendment letter, paragraph 9 (Acceding Lenders
and Acceding Obligors) of the CWEA shall be suspended and each Financial Creditor that signs this amendment letter shall automatically be deemed to have acceded to all of the terms and conditions in and under the CWEA as a Lender.

  

	9.	Annex 5 (Termination Events) to the CWEA shall be amended as follows: 

 Paragraph (c) shall be amended as follows:: 
  

	 	(a)	by deleting sub paragraph (iii) in its entirety and replacing it with the following: 

 “(iii) payment of any amount which has matured or otherwise fallen due under (a) a Soft Facility; or (b) any public debt instrument denominated in Mexican pesos; or (c) any tax exempt
(environmental) bonds due by CEMEX Inc.;” 
  

	 	(b)	by including a new sub paragraph (v)(A): 

 “the
following scheduled payments (expressed as amounts converted into US dollars by CEMEX Parent with a conversion date of 11 June 2009): 
  

	 	(i)	a payment in an amount of US$ equivalent 7,923,160 to ABC Capital, falling due on 29 June 2009; 

  

	 	(ii)	a payment in an amount of US$ equivalent 14,831 to Kreissparkasse, falling due on 30 June 2009; 

  

	 	(iii)	a payment in an amount of US$ equivalent 1,633,090 to Banco Afirme, falling due on 16 July 2009; 

  

	 	(iv)	a payment in an amount of US$ equivalent 7,440,476 to Banco de Occidente, falling due on 21 July 2009; 

  

 3 

	 	(v)	a payment in an amount of US$ equivalent 5,133,928 to Banco de Crédito Colombia, falling due on 27 July 2009; 

  

	 	(vi)	a payment in an amount of US$ equivalent 5,133,928 to Banco de Crédito Colombia, falling due on 27 July 2009; 

  

	 	(vii)	a payment in an amount of US$ equivalent 7,440,476 to Banco de Occidente, falling due on 28 July 2009; 

  

	 	(viii)	a payment in an amount of US$ equivalent 1,258,741 to Banco León, falling due on 31 July 2009; 

  

	 	(ix)	a payment in an amount of US$ equivalent 2,797,203 to Banco León, falling due on 31 July 2009; 

  

	 	(x)	a payment in an amount of US$ equivalent 2,797,203 to Banco León, falling due on 31 July 2009;”; 

  

	 	(c)	by deleting the words “24 June 2009” in sub paragraph (ix) and replacing them with the words “31 July 2009”; and 

  

	 	(d)	by deleting the words “sub paragraph (v)” in the paragraph immediately following sub paragraph (ix) and replacing them with the words “sub paragraphs
(v) and (v)(A)” 

  

	10.	Save as specifically amended, varied or waived by this amendment letter, the provisions of the CWEA shall remain in full force and effect. 

  

	11.	For the avoidance of doubt, nothing in this amendment letter shall constitute or be construed as a waiver of any of the rights or remedies of any of the Lenders and no failure or
delay in exercising, on the part of a Lender, any right or remedy under the CWEA shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy prevent any further exercise thereof or the exercise of any other
right or remedy. 

  

	12.	This amendment letter and any non-contractual obligations arising out of or in connection with it are governed by English law. 

  

	13.	Paragraphs 12 (Jurisdiction) and 13 (Counterparts) of the CWEA will also apply to this amendment letter as if set out in this amendment letter in full.

 Please sign and date below in agreement with this letter and return the same ProjectJewelTeamCC@cliffordchance.com and
Team-ProjectJewel-CGSHonly@cgsh.com on or before 5pm (New York time) on Monday 22 June 2009. 
 Please sign below in agreement with this letter.

  

 4 

 Yours faithfully, 
 Signed
/s/ [illegible] 
 Director 
 Name of institution (please print):
Australia and New Zealand Banking Group Limited 
  

 5 

 Yours faithfully, 
 /s/
[illegible] 
 Signed [illegible] 
 Name of institution (please
print): Banco Bilbao Vizcaya Argentaria, S.A. 
 /s/ Bosco Eguilior 
 Signed Bosco Eguilior 
 Name of institution (please print): Banco Bilbao Vizcaya Argentaria, S.A. 
  

 6 

 Yours faithfully, 
 /s/
Alejandro Cardenas Bortoni 
 Signed Alejandro Cardenas Bortoni 
 Apoderado 
 Name of institution (please print): BBVA Bancomer, S.A. Institución de Banca Múltiple Grupo 
 Financiero BBVA Bancomer 
 /s/ Lorenzo [illegible] Elizondo 
 Signed Lorenzo [illegible] Elizondo 
 Apoderado 
 Name of institution (please print): BBVA Bancomer, S.A. Institución de Banca Múltiple Grupo 
 Financiero BBVA Bancomer 
  

 7 

 Yours faithfully, 
 Banco
Bilbao Vizcaya Argentaria, S.A., New York Branch 
 /s/ Rodolfo Hare 
 Signed Rodolfo Hare 
 Vice President 
 /s/ Christian
Aguirre 
 Signed Christian Aguirre 
 Assistant Vice President

  

 8 

 Yours faithfully, 
 /s/
[illegible] 
 Signed [illegible] 
 Attorney-in-fact 

Name of institution (please print): Banco Santander, S.A. 
  

 9 

 Yours faithfully, 
 /s/
[illegible] 
 Signed /s/ [illegible] 
 Name of institution
(please print): Bank of America, N.A. 
  

 10 

 Yours faithfully, 
 /s/
Gustavo Muñiz 
 Signed Gustavo Muñiz 
 Name of
institution (please print): Bank of America, N.A. 
  

 11 

 Yours faithfully, 
 /s/ Myles Kassin 
 Signed Myles Kassin 
 Director 
 Name of institution (please print): Barclays Bank PLC 
  

 12 

 Yours faithfully, 
 /s/
Kathryn Quinn 
 Signed Kathryn Quinn 
 Managing Director

 Name of institution (please print): BNP Paribas 
 /s/ Kristie
Pellecchia 
 Signed Kristie Pellecchia 
 Vice President

 Name of institution (please print): BNP Paribas 
  

 13 

 Yours faithfully, 
 /s/
Jesus [illegible] 
 Signed Jesus [illegible] 
 Name of
institution (please print): Calyon 
 Yours faithfully, 
 /s/
Richard Teitelbaum 
 Signed Richard Teitelbaum 
 Name of
institution (please print): Calyon 
  

 14 

 Yours faithfully, 
 /s/
[illegible] 
 Signed [illegible] 
 Name of institution (please
print): Citibank International plc, Sucursal en España 
  

 15 

 Yours faithfully, 
 /s/ Flavio Figueiredo 
 Signed Flavio Figueiredo 
 Managing Director 
 Name of institution
(please print): Citibank, N.A. New York 
  

 16 

 Yours faithfully, 
 /s/ Ian
McMillan 
 Signed Ian McMillan 
 Name of institution (please
print): HSBC Bank plc 
  

 17 

 Yours faithfully, 
 /s/
[illegible] 
 Signed [illegible] 
 Name of institution (please
print): HSBC Bank plc, Sucursal en España 
  

 18 

 Yours faithfully, 
 /s/
Victor Manuel Elizondo Arías 
 Signed Victor Manuel Elizondo Arías 
 Name of institution (please print): HSBC México, S.A., Institución de Banca Múltiple, Grupo 
 Financiero
HSBC 
 /s/ Victor Manuel Elizondo Arías 
 Signed Victor
Manuel Elizondo Arías 
 Name of institution (please print): HSBC México, S.A., Institución de Banca Multiple, Grupo 
 Financiero HSBC, acting through its Grand Cayman Branch 
  

 19 

	
	Yours faithfully,
	
	/s/ M.P.W. van Klink
	Signed M.P.W. van Klink
	Name of institution (please print): ING Bank N.V. and its affiliates
	
	Yours faithfully,
	
	/s/ [illegible]
	Signed [illegible]
	Name of institution (please print): ING Bank N.V. and its affiliates

  

 20 

	
	Yours faithfully,
	
	/s/ Miguel Estrada Martí
	Signed Miguel Estrada Martí
	Attorney-in-fact
	Name of institution (please print): ING Bank (México), SA, Institución de Banca Multiple
	
	Yours faithfully,
	
	/s/ José Carassó Amaiz
	Signed José Carassó Amaiz
	Director
	Name of institution (please print): ING Bank (México), SA, Institución de Banca Multiple

  

 21 

	
	Yours faithfully,
	
	/s/ Gustavo De Rosa
	Signed Gustavo De Rosa
	Name of institution (please print): ING Belgium S.A., Sucursal en España
	
	Yours faithfully,
	
	/s/ Christophe Poos
	Signed Christophe Poos
	Name of institution (please print): ING Belgium S.A., Sucursal en España

  

 22 

	
	Yours faithfully,
	
	/s/ Pablo Ogarrio
	Signed Pablo Ogarrio
	Name of institution (please print): JPMORGAN CHASE BANK, N.A.

  

 23 

	
	Yours faithfully,
	
	/s/ [illegible]
	Signed [illegible]
	Name of institution (please print): The Royal Bank of Scotland plc
	
	/s/ [illegible]
	Signed [illegible]
	Name of institution (please print): The Royal Bank of Scotland plc

  

 24 

	
	Yours faithfully,
	
	/s/ [illegible]
	Signed [illegible]
	Name of institution (please print): ABN Amro Bank N.V., Sucursal en España
	
	Yours faithfully,
	
	/s/ [illegible]
	Signed [illegible]
	Name of institution (please print): ABN Amro Bank N.V., Sucursal en España

  

 25 

	
	Yours faithfully,
	
	/s/ Jonathan Smith
	Signed Jonathan Smith
	Name of institution (please print): Lloyds TSB Bank plc

  

 26 

	
	Yours faithfully,
	
	/s/ [illegible]
	Signed [illegible]
	Name of institution (please print): Banco Español de Crédito, S.A.
	
	/s/ [illegible]

  

 27 

	
	Yours faithfully,
	
	/s/ Miguel Otero
	Signed Miguel Otero
	Name of institution (please print): Fortis Bank SA, Sucursal en España
	
	Yours faithfully,
	
	/s/ Jose Sarasola
	Signed Jose Sarasola
	Name of institution (please print): Fortis Bank SA, Sucursal en España

  

 28 

	
	Yours faithfully,
	
	/s/ [illegible]
	Signed [illegible]
	Name of institution (please print): Instituto de Credito Oficial - ICO

  

 29 

	
	Yours faithfully,
	
	/s/ Berto Nuvolone
	Signed Berto Nuvolone
	Name of institution (please print): WestLB AG
	
	Yours faithfully,
	
	/s/ Raul Calvo
	Signed Raul Calvo
	Name of institution (please print): WestLB AG

  

 30 

	
	Yours faithfully,
	
	/s/ [illegible]
	Signed [illegible]
	Name of institution (please print): Scotiabank Europe plc
	
	/s/ [illegible]
	Signed [illegible]
	Name of institution (please print): Scotiabank Europe plc

  

 31 

	
	Yours faithfully,
	
	/s/ David Noda
	Signed David Noda
	Vice President and Manager
	Name of institution (please print): The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	
	On behalf of The Bank of Tokyo-Mitsubishi UFJ, Ltd., Sucursal en España

  

 32 

	
	Yours faithfully,
	
	/s/ Gina Hoey
	Signed Gina Hoey
	Vice President
	Name of institution (please print): Bayerische Landesbank
	
	Yours faithfully,
	
	/s/ Nikolai von Mengden
	Signed Nikolai von Mengden
	Senior Vice President
	Name of institution (please print): Bayerische Landesbank

  

 33 

	
	Yours faithfully,
	
	/s/ [illegible]
	Signed [illegible]
	Name of institution (please print): Deutsche Bank Luxembourg S.A.
	
	/s/ [illegible]
	Signed [illegible]
	Name of institution (please print): Deutsche Bank Luxembourg S.A.

  

 34 

 Yours faithfully, 
 /s/
Mario Campana 
 Signed Mario Campana 
 Name of institution
(please print): Unicredit S.p.A. – Sucursal en España 
 /s/ Federico Pozzolo 
 Signed Federico Pozzolo 
 Name of institution (please print): Unicredit S.p.A. – Sucursal en España 

 

 35 

 Yours faithfully, 
 /s/
[illegible] 
 Signed [illegible] 
 Manager 
 Name of institution (please print): Bank of Ireland 
 /s/ [illegible]

 Signed [illegible] 
 Senior Manager 
 Name of institution (please print): Bank of Ireland 
  

 36 

 Yours faithfully, 
 /s/
Marco Silvo Pizzi 
 Signed Marco Silvo Pizzi 
 Name of
institution (please print): Intesa Sanpaolo S.p.A., Sucursal en España 
 Yours faithfully, 
 /s/ Juan F Pontoni 
 Signed Juan F Pontoni 
 Name of institution (please print): Intesa Sanpaolo S.p.A., Sucursal en España 
  

 37 

 Yours faithfully, 
 /s/
[illegible] 
 Signed [illegible] 
 Name of institution (please
print): Caja de Ahorros y Monte de Piedad de Madrid 
 /s/ [illegible] 
 Signed [illegible] 
 Name of institution (please print): Caja de Ahorros y Monte de Piedad de Madrid 
  

 38 

 Yours faithfully, 
 /s/
Pierre Vincent 
 Signed Pierre Vincent 
 Directeur Corporate

 Name of institution (please print): Caisse Regionale de Credit Agricole Mutuel de Paris d’Ile de France 
  

 39 

 Yours faithfully, 
 /s/
Brian Smith 
 Signed Brian Smith 
 Managing Director 

Name of institution (please print): Commerzbank AG (formerly Dresdner Bank AG acting through its lending office, Dresdner Bank AG, New York Branch) as Lender

 /s/ Mark McGuigan 
 Signed Mark McGuigan 
 Vice President 
  

 40 

 Yours faithfully, 
 /s/
Diony Lebot 
 Signed Diony Lebot 
 Name of institution (please
print): Société Générale 
  

 41 

 Yours faithfully, 
 /s/
Mr. Arturo Bermúdez Cachaza 
 Signed Mr. Arturo Bermúdez Cachaza 
 Head of Syndications 
 Name of institution (please print): Caixa Galicia 
  

 42 

 Yours faithfully, 
 /s/
Javier Micó 
 Signed Javier Micó 
 Name of
institution (please print): IKB Deutsche Industriebank AG, Sucursal en España 
  

 43 

 Yours faithfully, 
 /s/
Baltasar Suarez Llorente 
 Signed Baltasar Suarez Llorente 
 Name
of institution (please print): Caja de Ahorros de Asturias 
  

 44 

 Yours faithfully, 
 /s/
Christian Schellino 
 Signed Christian Schellino 
 Directeur des
Engagements 
 Name of institution (please print): BRED Banque Populaire 
  

 45 

 Yours faithfully, 
 /s/
[illegible] 
 Signed [illegible] 
 Name of institution (please
print): Centrobanca S.P.A., Banca di Credito Finanziario e Mobiliare SpA 
  

 46 

 Yours faithfully, 
 /s/ Marc
Chait 
 Signed Marc Chait 
 Name of institution (please print):
Standard Chartered Bank 
 Yours faithfully, 
 /s/ [illegible]

 Signed [illegible] 
 Name of institution (please print):
Standard Chartered Bank 
  

 47 

 Yours faithfully, 
 /s/
Miriam Corcoran 
 Signed Miriam Corcoran 
 Authorised Signatory

 Name of institution (please print): Merrill Lynch International Bank Limited 
  

 48 

 Accepted and agreed: 
 CEMEX, S.A.B. de C.V. 
 For itself and on behalf of each Subsidiary Obligor 
 By: /s/ Hector Medina 
 Dated: 
 Accepted and agreed: 
 CEMEX España, S.A. 
 For itself and on behalf of each Subsidiary Obligor 
 By: /s/ Hector Medina 
 Dated: 
  

 49 

 Accepted and agreed: 
 CEMEX, S.A.B. de C.V. 
 For itself and on behalf of each Subsidiary Obligor 
 By: /s/ Rodrigo Trevino 
 Dated: 
 Accepted and agreed: 
 CEMEX España, S.A. 
 For itself and on behalf of each Subsidiary Obligor 
 By: /s/ Rodrigo Trevino 
 Dated: 

 Schedule 1 – Amended Annex 3 
 See Spreadsheet attached separately 
 Schedule 1 – Annex 3

 Exchange Rate 
  

									
	 Part A

					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for Lender
(US$)
	 ABN AMRO Bank N.V.
	  	Promissory Note US$6,625,000 ABN, dated 6 April 2009	  	USD	  	6625000	  	6625000
	
	 Part B

					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
		  		  		  		  	

  

 51 

 Exchange Rate 
  

					
	 TOTAL EXPOSURE DEFERRED
	  	USD	  	165,700,000.00
		  	AUD	  	37,083,869.33

  

									
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	Currency	  	Exposure
Original CCY	  	Total Exposure for Lender
(US$)
	Australia and New Zealand Banking Group Limited	  	US$150,000,000 Loan Facility Agreement Australia and New Zealand Banking Group Limited dated 19 March, 2009	  	USD	  	150,000,000.00	  	
					
	Australia and New Zealand Banking Group Limited	  	Standby Letter of Credit for the account of CEMEX, Inc. / CEMEX Materials LLC.	  	USD	  	1,750,000.00	  	
					
	Australia and New Zealand Banking Group Limited	  	Standby Letter of Credit for the account of CEMEX, Inc. / CEMEX Materials LLC.	  	USD	  	13,950,000.00	  	USD165,700,000
					
	Australia and New Zealand Banking Group Limited	  	AUS$4,000,000 Credit Cards Limit to Cemex Australia Pty Limited (AUS$515,832.22 outstanding as of March 19, 2009)	  	AUD	  	515,832.22	  	
					
		  		  		  	Outstanding as
of March 19,
2009	  	
					
	Australia and New Zealand Banking Group Limited	  	AUS$36,570,000 Indemnity Guarantee facilities (for performance, workmen’s comp and financial guarantees) to Cemex Australia Pty Limited and Rinker Group Pty LTd (AUS$35,818,037.11 and
US$750,000 outstanding)	  	AUD	  	36,568,037.11	  	AUD 37,083,869
					
		  		  		  	Outstanding as
of March 19,
2009	  	

  

 52 

							
	 Part B
	  		  		  	
				
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY
		  		  		  	

  

 53 

 Exchange Rate 
  

									
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for Lender
(US$)
	 CAJA DE AHORROS DE ASTURIAS
	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	8,100,000	  	8,100,000
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
		  		  		  		  	

  

 54 

									
	 Exchange Rate
	 		  	JPY	  	98.43	  	
					
		 		  	EUR	  	1.2744	  	
					
	 Part A
	 		  		  		  	
					
	 Lender
	 	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for Lender
(US$)
	‘BANCO ESPAñOL DE CRéDITO, S.A. MADRID- Banesto	 	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	50,750,000	  	50,750,000
					
	‘BANCO ESPAñOL DE CRéDITO, S.A. MADRID- Banesto	 	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	2,970,778,269	  	30,181,634
					
	 Part B
	 		  		  		  	
					
	 Lender
	 	 Facility/Derivative
	  	 Currency
	  	 	  	 
		 		  		  		  	

  

 55 

 Exchange Rate 
  

									
	 Part A
	  		  		  		  	
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for Lender
(US$)
	BARCLAYS BANK PLC, MIAMI	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	38,549,118	  	38,549,118
					
	BARCLAYS BANK PLC	  	Promissory Note US$49,128,020 Barclays Bank, dated 31 March 2009	  	USD	  	49,128,020	  	49,128,020
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	BARCLAYS BANK PLC	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	BARCLAYS BANK PLC	  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	  	USD	  		  	
					
	Barclays Bank New York Branch	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	
					
	BARCLAYS BANK PLC	  	Surety Bond issued by Barclasy Bank PLC (with CEMEX UK Operations Limited as the borrower)	  	USD	  		  	

  

 56 

									
	Exchange Rate	  		  		  		  	
					
	Part A	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for Lender
(US$)
	BAYERISCHE LANDESBANK	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	22,209,338	  	22,209,338
					
	Part B	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
		  		  		  		  	

  

 57 

									
	 Exchange Rate
	  		  	JPY	  	98.43	  	
					
		  		  	EUR	  	1.2744	  	
					
		  		  	MXN	  	15.26	  	
					
		  		  	COP	  	2555.89	  	
					
	Part A	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for Lender
(US$)
	Banco Bilbao Vizcaya Argentaria, S.A.	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	90,585,129	  	90,585,129
					
	Banco Bilbao Vizcaya Argentaria, S.A.	  	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	2,920,782,887	  	2,920,782,887
					
	BBVA BANCOMER, S.A., INSTITUCION DE BANCA MULTIPLE GRUPO FINANCIERO BBVA BANCOMER	  	Promissory Note US$50,00,000 BBVA Bancomer, dated 6 April 2009	  	USD	  	50,000,000	  	50,000,000
					
	Part B	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	EUR	  		  	

  

 58 

									
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	  	US$617,500,000 & EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27 January, 2009	  	EUR	  		  	
					
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	  	US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005	  	USD	  		  	
					
	BBVA BANCOMER, S.A., INSTITUCION DE BANCA MULTIPLE GRUPO FINANCIERO BBVA BANCOMER	  	US$437,500,000 & MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27 January, 2009	  	MXN	  		  	
					
	BBVA BANCOMER, S.A., INSTITUCION DE BANCA MULTIPLE GRUPO FINANCIERO BBVA BANCOMER	  	US$437,500,000 & MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27 January, 2009	  	USD	  		  	
					
	BBVA BANCOMER, S.A., INSTITUCION DE BANCA MULTIPLE GRUPO FINANCIERO BBVA-BANCOMER	  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	  	USD	  		  	
					
	BANCO BILBAO VIZCAYA ARGENTARIA S.A.	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	
					
	BANCO BILBAO VIZCAYA ARGENTARIA PUERTO RICO	  	US$30,000,000 CEMEX de Puerto Rico, Inc. Credit Agreement dated 31 August, 2005	  	USD	  		  	
					
	BBVA FACTORING E.F.C., S.A.	  	Contrato de Confirming del 14 de Enero del 2000 (EUR 30,000,000)	  	EUR	  		  	
					
	BBVA FACTORING E.F.C., S.A.	  	Contrato de Factoring (EUR 20,000,000)	  	EUR	  		  	
					
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	  	Gestion de Cartera (EUR 8,000,000)	  	EUR	  		  	

  

 59 

									
	BBVA Colombia S.A.	  	COP20,000,000,000 CEMEX Colombia S.A. Pagaré al 16 Mayo, 2007	  	COP	  		  	
					
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	  	Stand By Letters of Credit and Bank Guarantee issued by Banco Bilbao Vizcaya Argentaria, S.A. (EUR 15,000,000)	  	EUR	  		  	
					
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A., NEW YORK BRANCH	  	US$500,000,000 Pez Loan with CEMEX,S.A.B. de C.V. dated 25 June 2008, as further amended	  	USD	  		  	
					
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A., NEW YORK BRANCH	  	Stand By Letters of Credit (US$57,024,753)	  	USD	  		  	
					
	BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer	  	EQUITY( Confirmation between CEDICE and BBVA Bancomer, S.A. dated March 13, 2009)	  	USD	  		  	

  

 60 

 Exchange Rate 
  

									
	Part A	  	 	  	 	  	 	  	 
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for Lender
(US$)
	THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	20,000,000	  	20,000,000
					
	Part B	  	 	  	 	  	 	  	 
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
		  		  		  		  	

  

 61 

									
	 Exchange Rate
	  		  	JPY	  	98.43	  	
					
		  		  	EUR	  	1.2744	  	
					
	Part A	  	 	  	 	  	 	  	 
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for Lender
(Original Currency)
	BNP Paribas	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	58,250,000	  	58,250,000
					
	BNP Paribas	  	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	1,918,243,896	  	1,918,243,896
					
	BNP Paribas	  	US$37,500,000 Loan Facility Agreement BNP Paribas (Sydney Branch) dated 1 October, 2007	  	USD	  	37,500,000	  	37,500,000
					
	BNP Paribas	  	Promissory Note US$50,000,000 BNP Paribas, dated 6 April 2009	  	USD	  	50,000,000	  	50,000,000
					
	BNP Paribas	  	Cash management lines	  	EUR	  	21,930,000	  	21,930,000
					
	Part B	  	 	  	 	  	 	  	 
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	BNP Paribas	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	

  

 62 

									
	BNP Paribas	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	EUR	  		  	
					
	BNP Paribas	  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	  	USD	  		  	
					
	BNP Paribas	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	
					
	BNP Paribas	  	US$700,000,000 syndicated facility, guarantees by CEMEX, CEMEX Mexico, Empresas Tolteca	  	USD	  		  	
					
	BNP Paribas	  	EPS (Quarry Bonds)	  	EUR	  		  	
					
	BNP Paribas	  	Util Ligne Glob EPS	  	EUR	  		  	

  

 63 

									
	Exchange Rate	  		  	EUR	  	1.2744	  	
					
	Part A	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure Original
CCY	  	Total Exposure for Lender
(US$)
	BANK OF AMERICA NA, SUCURSAL ESPAÑA	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	17,976,618	  	17,976,618
					
	BANK OF AMERICA, N.A.	  	Several Stand By Letters of Credit issued by Bank of America, N.A.	  	USD	  	8,720,117	  	8,720,117
					
	BANK OF AMERICA, N.A.	  	Promissory Note US$4,093,054 Bank of America, dated 6 April 2009	  	USD	  	4,093,054	  	4,093,054

  

 64 

									
					
	Part B	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	BANK OF AMERICA NA, SUCURSAL ESPAÑA	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	BANK OF AMERICA N.A.	  	US$617,500,000 & EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27 January, 2009	  	USD	  		  	
					
	BANK OF AMERICA, N.A.	  	US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005	  	USD	  		  	
					
	BANK OF AMERICA, N.A.	  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	  	USD	  		  	
					
	BANK OF AMERICA, N.A.-San Fran Branch	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	
					
	BANK OF AMERICA, N.A.	  	Several Stand By Letters of Credit issued by Bank of America, N.A.	  	USD	  		  	

  

 65 

									
	 Exchange Rate
	  		  		  		  	
					
	Part A	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	Currency	  	Exposure Original
CCY	  	Total Exposure for Lender
(US$)
	BANK OF TOKYO-MITSUBISHI UFG LTD.; SUCURSAL EN ESPAÑA	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	11,100,000	  	11,100,000
					
	Part B	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	Currency	  	 	  	 
	THE BANK OF TOKYO-MITSUBISHI UFG, LTD. SUCURSAL EN ESPAÑA	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	THE BANK OF TOKYO-MITSUBISHI, LTD	  	US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005	  	USD	  		  	
					
	THE BANK OF TOKYO-MITSUBISHI LTD.	  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	  	USD	  		  	
					
	THE BANK OF TOKYO-MITSUBISHI, LTD.	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	

  

 66 

									
	 Exchange Rate
	  		  	EUR	  	1.2744	  	
					
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure Original
CCY	  	Total Exposure for Lender
(US$)
	 BRED BANQUE POPULAIRE
	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	17,500,000	  	17,500,000
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
		  		  		  		  	

  

 67 

									
	 Exchange Rate
	  		  	EUR	  	1.2744	  	
					
	 Part A
	  		  		  		  	
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure Original
CCY	  	Total Exposure for Lender
(US$)
	 CAJA MADRID
	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	13,572,500	  	13,572,500
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
		  		  		  		  	

  

 68 

									
	 Exchange Rate
	  		 	EUR	  	1.2744	  	
					
	 Part A
	  		 		  		  	
					
	 Lender
	  	 Facility/Derivative
	 	 Currency
	  	Exposure Original
CCY	  	Total Exposure for Lender
(US$)
	CALYON NEW YORK BRANCH	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	 	USD	  	59,154,817	  	59,154,817
					
	CALYON NEW YORK BRANCH	  	Promissory Note US$1,296,000 Calyon, dated 6 April 2009	 	USD	  	1,296,000	  	1,296,000
					
	 Part B
	  		 		  		  	
					
	 Lender
	  	 Facility/Derivative
	 	 Currency
	  	 	  	 
	CALYON	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	 	USD	  		  	
					
	CALYON SUCURSAL EN ESPAÑA	  	US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005	 	USD	  		  	
					
	CALYON NEW YORK BRANCH	  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	 	USD	  		  	
					
	Caisse Régionale de Crédit Agricole Mutuel du Gard	  	BANK LOAN	 	EUR	  		  	
					
	CALYON NEW YORK BRANCH	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	 	USD	  		  	

  

 69 

									
	 Exchange Rate
	  		 		  		  	
					
	 Part A
	  		 		  		  	
					
	 Lender
	  	 Facility/Derivative
	 	 Currency
	  	Exposure Original
CCY	  	Total Exposure for Lender
(US$)
	CENTROBANCA - BANCA DE CREDITO	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	 	USD	  	25,000,000	  	25,000,000
					
	 Part B
	  		 		  		  	
					
	 Lender
	  	 Facility/Derivative
	 	 Currency
	  	 	  	 
	 	  	 	 	 	  	 	  	 

  

 70 

									
	 Exchange Rate
	  		  	JPY	  	98.43	  	
					
		  		  	MXN	  	15.26	  	
					
		  		  	PLN	  	3.655	  	
					
		  		  	EGP	  	5.5973	  	
					
		  		  	THB	  	35.775	  	
					
		  		  	EUR	  	1.2744	  	
					
		  		  	BDT	  	68.25	  	
					
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	Currency	  	Exposure Original
CCY	  	Total Exposure for Lender
(US$)
	CITIBANK NA, NEW YORK	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	45,585,129	  	45,585,129
					
	CITIBANK NA, NEW YORK	  	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	865,709,523	  	8,795,180
					
	Citibank, N.A.	  	Promissory Note US$51,947,000 Citibank, dated 6 April 2009	  	USD	  	51,947,000	  	51,947,000
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	Currency	  	 	  	 
	CITIBANK INTERNATIONAL PLC, SUCURSAL EN ESPAÑA	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	CITIBANK, N.A. NASSAU BAHAMAS BRANCH	  	US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005	  	USD	  		  	

  

 71 

									
	CITIBANK (BANAMEX USA)	  	US$437,500,000 & MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27 January, 2009	  	MXN	  		  	
					
	CITIBANK, N.A. NASSAU BAHAMAS BRANCH, CITIGROUP GLOBAL MARKETS INC	  	US$437,500,000 & MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27 January, 2009	  	USD	  		  	
					
	CITIBANK N.A. NASSAU, BAHAMAS BRANCH	  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	  	USD	  		  	
					
	Citibank N.A., Nassau Bahamas Branch	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	
					
	Citibank, N.A.	  	Several Bank Guarantees issued by Citibank	  	USD	  		  	
					
		  	Derivatives:	  		  		  	
					
	Citigroup Global Markets Inc as agent for Citibank, N.A.	  	EQ (ISDA Master Agreement dated: April 23rd, 2008)	  	USD	  		  	

  

 72 

 Exchange Rate 
  

									
	Part A	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	Currency	  	Exposure Original
CCY	  	Total Exposure for Lender
(US$)
	CAISSE REGIONALE DE CREDIT AGRICOLE MUTUEL DE PARIS ET D’ILE-DE-FRANCE	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	20,000,000	  	20,000,000
					
	Part B	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	Currency	  	 	  	 
		  		  		  		  	

  

 73 

									
	Exchange Rate	  		  	EUR	  	1.2744	  	
					
	Part A	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	Currency	  	Exposure Original
CCY	  	Total Exposure for Lender
(US$)
	DEUTSCHE BANK LUXEMBOURG S.A.	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	11,104,669	  	11,104,669
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	Currency	  	 	  	 

  

 74 

									
	Exchange Rate	  		  		  		  	
					
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	Currency	  	Exposure Original
CCY	  	Total Exposure for Lender
(US$)
	 DRESDNER BANK AG
	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	10,000,000	  	10,000,000
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	Currency	  	 	  	 

  

 75 

									
	Exchange Rate	  		  	JPY	  	98.43	  	
					
		  		  	EUR	  	1.2744	  	
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure Original
CCY	  	Total Exposure for Lender
(Original
Currency)
	 FORTIS BANK, MADRID
	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	64,000,000	  	64,000,000
					
	 FORTIS BANK, MADRID
	  	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	591,307,500	  	6,007,391
					
	Part B	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	FORTIS BANK, S.A. SUCURSAL EN ESPAÑA	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	FORTIS BANK S.A./N.V.	  	US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005	  	USD	  		  	
					
	FORTIS BANK S.A./N.V, CAYMAN ISLANDS BRANCH	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	
					
	FORTIS BANK, S.A. SUCURSAL EN ESPAÑA	  	EUR 30 million, USD 25 million Fortis Multidivisa Bilateral Loan Agreement dated 28 August, 2006	  	EUR	  		  	
					
	FORTIS BANK, S.A. SUCURSAL EN ESPAÑA	  	Several Bank Guarantees issued by Fortis Bank, S.A.	  	EUR	  		  	

  

 76 

									
	 Exchange Rate
	  		  		  		  	
					
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure Original
CCY	  	Total Exposure for Lender
(US$)
	CAJA DE AHORROS DE GALICIA	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	5,000,000	  	5,000,000
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
		  		  		  		  	

  

 77 

									
	 Exchange Rate
	  		  	JPY	  	98.43	  	
					
		  		  	EUR	  	1.2744	  	
					
		  		  	MXN	  	15.26	  	
					
		  		  	AED	  	3.6732	  	
					
		  		  	EGP	  	5.5973	  	
					
	Part A	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	HSBC BANK PLC, MADRID	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	45,750,000	  	45,750,000
					
	HSBC BANK PLC, MADRID	  	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	1,918,243,896	  	19,488,407
					
	HSBC MEXICO SA INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO HSBC	  	Promissory Note MXP739,385,880 HSBC Bank, dated 7 April 2009	  	MXN	  	739,385,880	  	48,452,548
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	HSBC BANK PLC, SUCURSAL EN ESPAÑA	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	HSBC BANK, PLC SUCURSAL EN ESPAÑA	  	US$617,500,000 & EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27 January, 2009	  	EUR	  		  	

  

 78 

									
	HSBC SECURITIES (USA) INC., HSBC MEXICO S.A. INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO HSBC	  	US$437,500,000 & MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27 January, 2009	  	MXN	  		  	
					
	HSBC MEXICO SA INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO HSBC	  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	  	USD	  		  	
					
	HSBC BANK PLC - Madrid Branch	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	
					
	HSBC México, S.A., Institución de Banca Multiple, Grupo Financiero HSBC, acting through its Grand Cayman Branch	  	US$1,050,000,000 Senior Unsecured Dutch Loan “A & B” Agreement dated 2 June, 2008	  	USD	  		  	
					
	HSBC México, S.A., Institución de Banca Multiple, Grupo Financiero HSBC	  	Factoring (Cadenas Productivas)	  	MXN	  		  	
					
	HSBC México, S.A., Institución de Banca Multiple, Grupo Financiero HSBC	  	Overdraft (CEMEX Mexico)	  	MXN	  		  	
					
	HSBC MEXICO SA INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO HSBC	  	Overdraft (Empresas Tolteca)	  	MXN	  		  	
					
	HSBC MEXICO SA INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO HSBC	  	Overdraft (Petrocemex)	  	MXN	  		  	
					
	HSBC Bank plc	  	Asset Finance Leasing (CEMEX UK)	  	GBP	  		  	

  

 79 

									
	 HSBC Bank plc
	  	Debtors financing (CEMEX UK)	  	GBP	  		  	
					
	 HSBC Bank plc
	  	Credit cards (CEMEX UK)	  	GBP	  		  	
					
	 HSBC Argentina
	  	Leasing (Neoris Consulting)	  	ARS	  		  	
					
	 HSBC BANK EGYPT S.A.E
	  	Guarantee Line (Assuit Cement)	  	EGP	  		  	
					
	 HSBC BANK EGYPT S.A.E
	  	Overdraft (Assuit Cement)	  	EGP	  		  	
					
	 HSBC BANK EGYPT S.A.E
	  	Credit cards(Assuit Cement)	  	EGP	  		  	
					
	 HSBC BANK EGYPT S.A.E
	  	Overdraft (Cemex Ready Mix)	  	EGP	  		  	
					
	 HSBC BANK EGYPT S.A.E
	  	Guarantee (Cemex Ready Mix)	  	EGP	  		  	
					
	 HSBC Bank Middle East Limited
	  	Suppliers credit (RMC Topmix)	  	AED	  		  	
					
	 HSBC Bank Middle East Limited
	  	Overdraft (RMC Topmix)	  	AED	  		  	
					
	 HSBC Bank Middle East Limited
	  	Guarantees (RMC Topmix/Falcon/Supermix)	  	AED	  		  	
					
	 HSBC Bank Middle East Limited
	  	Trade line (RMC Topmix)	  	AED	  		  	
					
	 HSBC Bank Middle East Limited
	  	Credit cards (RMC Topmix)	  	AED	  		  	
					
	 HSBC Bank Middle East Limited
	  	FEX Line (RMC Topmix)	  	AED	  		  	
					
	 HSBC Panama
	  	Credit Cards (CEMEX Caribe)	  	USD	  		  	

  

 80 

 Exchange Rate 
  

									
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure Original
CCY	  	Total Exposure for Lender
(US$)
	INSTITUTO DE CREDITO OFICIAL	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	62,500,000	  	62,500,000
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
		  		  		  		  	

  

 81 

 Exchange Rate 
  

									
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure Original
CCY	  	Total Exposure for
Lender (US$)
	IKB International S.A.	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	9,975,000	  	9,975,000
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
		  		  		  		  	

  

 82 

									
	 Exchange Rate
	  		  	JPY	  	98.43	  	
					
		  		  	EUR	  	1.2744	  	
					
		  		  	GBP	  	1.4314	  	
					
		  		  	PLN	  	3.655	  	
					
		  		  	MXN	  	15.26	  	
					
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure Original
CCY	  	Total Exposure for Lender
(US$)
	ING Belgium SA, Sucursal en España	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	29,700,458	  	29,700,458
					
	ING Belgium SA, Sucursal en España	  	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	1,918,243,896	  	19,488,407
					
	ING Bank (México, S.A., Institución de Banca Múltiple)	  	MXN 447,202,272.50 Promissory Note maturing on 17 April 2009 from CEMEX, S.A.B. de C.V.	  	MXN	  	447,202,273	  	29,305,522
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	ING BELGIUM S.A. SUCURSAL EN ESPAÑA	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	ING BELGIUM S.A. SUCURSAL EN ESPAÑA	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	EUR	  		  	

  

 83 

									
	ING BANK N.V.	  	US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005	  	USD	  		  	
					
	ING BANK, N.V. (ACTING THROUGH ITS CURACAO BRANCH)	  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	  	USD	  		  	
					
	ING Bank NV-Willemstad Branch	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	
					
	ING Bank, N.V., acting through its Curacao Branch	  	US$1,050,000,000 Senior Unsecured Dutch Loan “A & B” Agreement dated 2 June, 2008	  	USD	  		  	

  

 84 

									
	 Exchange Rate
	  		  	EUR	  	1.2744	  	
					
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure Original
CCY	  	Total Exposure for Lender
(US$)
	 INTESA SAN PAOLO SPA
	  	 US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)
	  	USD	  	19,445,000	  	19,445,000
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
		  		  		  		  	

  

 85 

 Exchange Rate 
  

									
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure Original
CCY	  	Total Exposure for
Lender (US$)
	 JPMORGAN CHASE BANK IBF
	  	 US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)
	  	USD	  	50,750,000	  	50,750,000
					
	 JPMORGAN CHASE BANK, N.A.
	  	 Promissory Note US$65,434,817 JPMorgan Chase, dated 17 Abril 2009
	  	USD	  	65,434,817	  	65,434,817
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	 JPMORGAN CHASE BANK N.A., SUCURSAL EN ESPAÑA
	  	 US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)
	  	USD	  		  	
					
	 JPMORGAN CHASE BANK, N.A.
	  	 US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005
	  	USD	  		  	
					
	 JPMORGAN CHASE BANK, N.A.
	  	 US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004
	  	USD	  		  	
					
	 JPMORGAN CHASE BANK, N.A.
	  	 US$1,200,000,000 Credit Agreement dated 31 May 2005
	  	USD	  		  	

  

 86 

									
	 JPMORGAN CHASE BANK, N.A.
	  	 $20,000,000 promissory note due April 17, 2009 (cash collateral to be applied) representing closed out derivatives
	  	USD	  		  	
					
	 JPMORGAN CHASE BANK, N.A.
	  	 $45,434,817 promissory note due April 17, 2009 (no collateral) representing closed out derivates
	  	USD	  		  	
					
	 JPMORGAN CHASE BANK, N.A.
	  	 Various lines of credit
	  	USD	  		  	
					
	 JPMORGAN CHASE BANK, N.A.
	  	 US$80,000,000 bilateral agreement with Cemex Materials maturing April 1, 2011
	  	USD	  		  	
					
	 JPMORGAN CHASE BANK, N.A.
	  	 US$90,000,000 bilateral agreement with Cemex Materials maturing February 28, 2011
	  	USD	  		  	
					
	 JPMORGAN CHASE BANK, N.A.
	  	 $65,000,000 SBLC
	  	USD	  		  	
					
	 JPMORGAN CHASE BANK, N.A.
	  	 Several Stand By Letters of Credit
	  	USD	  		  	

  

 87 

									
	 Exchange Rate
	  		  	EUR	  	1.2744	  	
					
		  		  	GBP	  	1.4314	  	
					
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure Original
CCY	  	Total Exposure for
Lender (US$)
	 LLOYDS TSB BANK, PLC
	  	 US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)
	  	USD	  	28,645,956	  	28,645,956
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	 LLOYDS TSB BANK, PLC
	  	 US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)
	  	USD	  		  	
					
	 LLOYDS TSB BANK PLC
	  	 US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005
	  	USD	  		  	
					
	 LLOYDS TSB BANK PLC, SUCURSAL EN ESPAÑA
	  	 US$617,500,000 & EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27 January, 2009
	  	EUR	  		  	
					
	 LLOYDS TSB BANK PLC
	  	 Asset Finance Lesing (CEMEX UK)
	  	GBP	  		  	
					
	 LLOYDS TSB BANK PLC
	  	 Asset Finance Lesing (CEMEX France)
	  	EUR	  		  	

  

 88 

									
	 Exchange Rate
	  		  	EUR	  	1.2744	  	
					
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure Original
CCY	  	Total Exposure for
Lender (US$)
	 Merrill Lynch
	  	 Promissory Note US$34,072,566 Merrill Lynch, dated 6 April 2009
	  	USD	  	34,072,566	  	34,072,566
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
		  		  		  		  	

  

 89 

									
	 Exchange Rate
	  		  	JPY	  	98.43	  	
					
		  		  	GBP	  	1.4314	  	
					
		  		  	EUR	  	1.2744	  	
					
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure
Original CCY	  	Total Exposure for
Lender (US$)
	The Royal Bank of Scotland plc	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	50,750,000	  	50,750,000
					
	The Royal Bank of Scotland plc	  	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	1,918,243,896	  	19,488,407
					
	The Royal Bank of Scotland PLC	  	Promissory Note US$4,504,861 Royal Bank of Scotland, dated 6 April 2009	  	USD	  	4,504,861	  	4,504,861
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	THE ROYAL BANK OF SCOTLAND	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	THE ROYAL BANK OF SCOTLAND PLC	  	US$617,500,000 & EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27 January, 2009	  	USD	  		  	
					
	THE ROYAL BANK OF SCOTLAND PLC	  	US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005	  	USD	  		  	
					
	THE ROYAL BANK OF SCOTLAND PLC	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	
					
	The Royal Bank of Scotland PLC	  	US$1,050,000,000 Senior Unsecured Dutch Loan “A & B” Agreement dated 2 June, 2008	  	USD	  		  	
					
	National Westminster Bank plc	  	Multi Line Facility (Overdraft)	  	GBP	  		  	

  

 90 

									
	 Exchange Rate
	  		  	JPY	  	98.43	  	
					
		  		  	EUR	  	1.2744	  	
					
		  		  	MXN	  	15.26	  	
					
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure Original
CCY	  	Total Exposure for
Lender (US$)
	Banco Santander Central Hispanos, S.A.	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	59,154,817	  	59,154,817
					
	Banco Santander Central Hispanos, S.A.	  	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	1,918,243,896	  	19,488,407
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	BANCO SANTANDER, S.A.	  	US$6,000,000,000 (originally US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006 (as amended)	  	USD	  		  	
					
	BANCO SANTANDER S.A.	  	US$617,500,000 & EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27 January, 2009	  	EUR	  		  	
					
	BANCO SANTANDER S.A.	  	US$617,500,000 & EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27 January, 2009	  	USD	  		  	

  

 91 

									
	SANTANDER OVERSEAS BANK INC	  	US$700,000,000 Term and Revolving Facilities Agreement dated 27 June, 2005	  	USD	  		  	
					
	BANCO SANTANDER (MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER	  	US$437,500,000 & MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27 January, 2009	  	MXN	  		  	
					
	SANTANDER INVESTMENTS SECURITIES INC,	  	US$437,500,000 & MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27 January, 2009	  	USD	  		  	
					
	BANCO SANTANDER CENTRAL HISPANO S.A. NEW YORK BRANCH	  	US$700,000,000 (originally US$800,000,000) Credit Agreement dated 23 June, 2004	  	USD	  		  	
					
	BANCO SANTANDER CENTRAL HISPANO, SA NEW YORK BRANCH	  	US$1,200,000,000 Credit Agreement dated 31 May 2005	  	USD	  		  	
					
	Banco Santander S.A.	  	US$1,050,000,000 Senior Unsecured Dutch Loan “A & B” Agreement dated 2 June, 2008	  	USD	  		  	
					
	BANCO SANTANDER (MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER	  	TRADE LINE HOLDING	  	MXN	  		  	
					
	Banco Santander S.A.	  	Renting	  	EUR	  		  	
					
	Banco Santander S.A.	  	Guarantees	  	EUR	  		  	
					
	Banco Santander S.A.	  	Confirming	  	EUR	  		  	
					
	BANCO SANTANDER (MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER	  	Leasing	  	MXN	  		  	
					
	BANCO SANTANDER (MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER	  	Confirming	  	MXN	  		  	
					
	BANCO SANTANDER (MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER	  	Corporate Bonds	  	MXN	  		  	
					
	BANCO SANTANDER (MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO SANTANDER	  	Corporate Loan	  	MXN	  		  	
					
	Banco Santander Colombia	  	Working Capital Facilities	  	COP	  		  	
					
	Banco Santander Rio	  	Working Capital Facilities	  	AR$	  		  	
					
	BANCO SANTANDER, S.A.	  	Several Stand By Letters of Credit issued by Banco Santander, S.A.	  	USD	  		  	

  

 92 

													
		  	Derivatives:	  		  		  		  		  	
							
	  	  	 Transaction N°
	  	 Transaction
	  	Transaction	  	 	  	 	  	 
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974942	  	EQD OTC Options	  	6/3/2008	  	USD	  		  	
							
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974943	  	EQD OTC Options	  	6/12/2008	  	USD	  		  	
							
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974944	  	EQD OTC Options	  	6/12/2008	  	USD	  		  	
							
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974945	  	EQD OTC Options	  	6/6/2008	  	USD	  		  	
							
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974948	  	EQD OTC Options	  	6/3/2008	  	USD	  		  	
							
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974949	  	EQD OTC Options	  	6/12/2008	  	USD	  		  	
							
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974951	  	EQD OTC Options	  	6/12/2008	  	USD	  		  	

  

 93 

													
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974953	  	EQD OTC Options	  	6/3/2008	  	USD	  		  	
							
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974956	  	EQD OTC Options	  	6/3/2008	  	USD	  		  	
							
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10974965	  	EQD OTC Options	  	6/12/2008	  	USD	  		  	
							
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10975124	  	EQD OTC Options	  	6/3/2008	  	USD	  		  	
							
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	10975176	  	EQD OTC Options	  	6/12/2008	  	USD	  		  	
							
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	9802032	  	Equity Forwards	  	10/13/2008	  	USD	  		  	
							
	Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander	  	9802069	  	Equity Forwards	  	10/13/2008	  	USD	  		  	

  

 94 

									
	 Exchange Rate
	  		  		  		  	
					
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	Currency	  	Exposure Original
CCY	  	Total Exposure for
Lender (US$)
	SCOTIABANK EUROPE, PLC, LONDON	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	24,141,450	  	24,141,450
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	Currency	  	 	  	 
		  		  		  		  	

  

 95 

									
	 Exchange Rate
	  		  	JPY	  	98.43	  	
					
		  		  	EUR	  	1.2744	  	
					
		  		  	HRK	  	5.8098	  	
					
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	Currency	  	Exposure Original
CCY	  	Total Exposure for
Lender (US$)
	SOCIETE GENERALE, NEW YORK	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	10,000,000	  	10,000,000
					
	SOCIETE GENERALE, NEW YORK	  	Euro 250,000,000 and JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March, 2004 (as amended)	  	JPY	  	2,368,202,341	  	24,059,762
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	Currency	  	 	  	 
	 SOCIETE GENERALE
	  		  		  		  	
					
	SOCIETE GENERALE	  		  		  		  	
					
	SOCIETE GENERALE	  		  		  		  	
					
	SOCIETE GENERALE SA	  		  		  		  	
					
	SOCIETE GENERALE SA	  		  		  		  	
					
	Societe Generale Equipment Finance Sp. z o.o	  		  		  		  	
					
	Societe Generale - Splitska banka d.d.	  		  		  		  	
					
	SOCIETE GENERALE	  		  		  		  	

  

 96 

									
	 Exchange Rate
	  		  	AED	  	3.6732	  	
					
		  		  	PHP	  	48.80	  	
					
		  		  	THB	  	35.775	  	
					
		  		  	BDT	  	68.25	  	
					
		  		  	MYR	  	3.673	  	
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	Currency	  	 	  	 
	Standard Chartered Bank	  	Promissory Note US$45,329,600 Standard Chartered Bank, dated 24 April 2009	  	USD	  		  	

  

 97 

									
	Exchange Rate	  		  	 EUR
	  	1.2744	  	
					
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure Original
CCY	  	Total Exposure for
Lender (US$)
	UNICREDIT S.P.A.	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	20,000,000	  	20,000,000
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
	UNICREDIT S.P.A.	  	CZK 2,810,000 Bilateral Line due 31 December 2009	  	CZK	  		  	

  

 98 

									
	Exchange Rate	  		  	MXN	  	15.26	  	
					
		  		  	EUR	  	1.2744	  	
					
	 Part A
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	Exposure Original
CCY	  	Total Exposure for
Lender (US$)
	WEST LB AG, SUCURSAL EN ESPAÑA	  	US$2,300,000,000 (originally US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004 (as amended)	  	USD	  	50,750,000	  	50,750,000
					
	 Part B
	  		  		  		  	
					
	 Lender
	  	 Facility/Derivative
	  	 Currency
	  	 	  	 
		  		  		  		  	

  

 99 

			
	

	 	
		
	 

	 	

  

	To:	G14 Members 

 c/o Cleary Gottlieb Steen & Hamilton
LLP 
  

			
	By Email	 	June 23, 2009

 Dear Sirs 
 CEMEX
(Conditional Waiver and Extension Agreement) 
 Reference is made to (1) the Conditional Waiver and Extension Agreement dated 16 April 2009
among the G12 Members, CEMEX, S.A.B. de C.V. and CEMEX España, S.A. (the “CWEA”), (2) our letter dated March 24, 2009 addressed by Australia and New Zealand Banking Group Limited (“ANZ”) to the G12
Members c/o Clifford Chance, and (3) our letters dated April 23, 2009 and May 28, 2009 addressed by ANZ to the G12 Members c/o Clifford Chance. 
 Please note that ANZ has received internal approval to provide the extensions and waivers set out in sub paragraph 3.1 of paragraph 3 of the CWEA for an additional period from June 24, 2009 until the earlier of (i) July 31,
2009 and (ii) the date on which any of the shares or assets of CEMEX Australia Pty Limited are sold, directly or indirectly, to Holcim Ltd. or any of its affiliates (such earlier date, the “ANZ Expiration Date”). Therefore,
with respect to ANZ, the Relevant Period for the purposes of paragraph (a) of the definition of “Relevant Period” in the CWEA shall now end on the ANZ Expiration Date. 
 Yours sincerely, 
 Australia and New Zealand Banking Group Limited 
  

	
	 /s/ [ILLEGIBLE]

	Director

  

 100

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