Document:

boot_Ex10_6

		
			Exhibit 10.6
		

		
			BOOT BARN HOLDINGS, INC.
		

		
			PERFORMANCE UNIT ISSUANCE AGREEMENT
		

		
			THIS AGREEMENT is dated as of [_________], between Boot Barn Holdings, Inc., a corporation organized under the laws of the State of Delaware (the “Company”), and the individual identified in the table below (“Participant”).
		

		
			All capitalized terms not defined in this Agreement shall have the meaning assigned to them in the Plan.
		

		
			1.         Grant of Performance Units.  The Company hereby awards to Participant, as of the Award Date, an award of performance units (“Performance Units”) pursuant to the terms of the 2014 Equity Incentive Plan (the “Plan”) and this Agreement (the “Award”).  Each Performance Unit that vests hereunder shall entitle Participant to receive one share of Stock (a “Share”) on the specified Issuance Date following the vesting of that Performance Unit.  The target number of Performance Units subject to the Award, the applicable vesting schedule for the Performance Units, the date on which the  Shares underlying the vested Performance Units shall become issuable to Participant and the remaining terms and conditions governing the Award shall be as set forth in this Agreement.
		

			
					
						 

					
					
						 

				
	
					
						Participant:

					
					
						[_____________________________]

				
	
					
						Award Date:

					
					
						[___________]

				
	
					
						Target Number of Performance Units:

					
					
						The target number of Performance Units shall be ___ Performance Units (the “Target Number of Performance Units”), provided that Participant has the opportunity to earn up to _______ Performance Units (the “Maximum Number of Performance Units”) based upon achievement of the Performance Goals and the terms and conditions described herein.

				
	
					
						Performance Period:

					
					
						The Performance Period shall be the period beginning [__________] and ending [_________].

				
	
					
						Performance Metric:

					
					
						The performance metric shall be [____________]

				

		
			 
		

		
			
		

		

		 

	
					
						

					
						Performance Goals:           

					
					
						 

				
	
					
						 

					
					
						 

					
					
						[Goal]

					
					
						Number of
Performance Units
that Vest

					
					
						 

				
	
					
						 

					
					
						Maximum

					
					
						[_____]

					
					
						[ ]

					
					
						 

				
	
					
						 

					
					
						Target

					
					
						[____]

					
					
						[ ]

					
					
						 

				
	
					
						 

					
					
						Threshold

					
					
						[____]

					
					
						[ ]

					
					
						 

				
	
					
						 

					
					
						Below
Threshold

					
					
						Below [____]

					
					
						0

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Vesting Schedule:

					
					
						All or a portion of the Performance Units shall conditionally vest on [__________] (the “Vesting Date”) if, except as otherwise provided in Section 3 below, (i) Participant remains in service with the Company through the Vesting Date and (ii) the Performance Goals, as set forth above, have been satisfied.  The number of Performance Units that vest shall be determined in accordance with Section 3 below.

					
						Notwithstanding anything herein to the contrary, any vesting references in this Agreement shall be deemed conditional and remain explicitly subject to Participant not being terminated by the Company for Cause (as defined in Section 3 below) at any time.  If Participant’s employment is terminated by the Company for Cause, whether before or after the Vesting Date, the Performance Units, whether otherwise conditionally vested or unvested, shall immediately terminate.

				
	
					
						Issuance Schedule:

					
					
						The Shares underlying the Performance Units in which Participant vests in accordance with the vesting schedule above or in Section 3 below, shall be issued, subject to the Company’s collection of all applicable income and employment taxes required to be withheld by the Company or any Affiliate (the “Withholding Taxes”), within 60 days following the Vesting Date (the “Issuance Date”).  The applicable Withholding Taxes are to be collected pursuant to the procedure set forth in Section 6 of this Agreement.  The Performance Units shall not be earned until the Issuance Date.

				

		
			2.         Limited Transferability.  Prior to actual receipt of the Shares issued pursuant to Performance Units that vest hereunder, Participant may not transfer any interest in the Award or the underlying Shares.  Any Shares issuable pursuant to vested Performance Units hereunder but which otherwise remain unissued at the time of Participant’s death may be transferred pursuant to the provisions of Participant’s will or the laws of inheritance.
		

		
			3.         Vesting; Termination of Employment.
		

		
			A.        Vesting.  The number of Performance Units, if any, that vest shall be determined as of the end of the Performance Period, based on the extent to which the Performance Goals, as set forth in Section 1 above, have been achieved for the Performance Period, as determined by the Committee.  If actual performance is below the Threshold Performance Goal for the Performance Period, then no Performance Units shall become vested for the Performance
		

		
			

		 

		

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			Period.  If the Threshold Performance Goal has been achieved for the Performance Period, then the Threshold Number of Performance Units for the Performance Period, as set forth above, shall become vested Performance Units for the Performance Period.  If the Target Performance Goal has been achieved for the Performance Period, then the Target Number of Performance Units for the Performance Period, as set forth above, shall become vested Performance Units for the Performance Period.  If the Maximum Performance Goal (or greater) has been achieved for the Performance Period, then the Maximum Number of Performance Units for the Performance Period, as set forth above, shall become vested Performance Units for the Performance Period.  If actual performance falls between the Threshold Performance Goal and the Target Performance Goal, or between the Target Performance Goal and the Maximum Performance Goal, the number of Performance Units that become vested Performance Units shall be determined by linear interpolation between the respective performance inflection points.  Any outstanding Performance Units that do not vest as of the end of the Performance Period in accordance with this Section 3(A) shall be immediately cancelled, and Participant shall thereupon cease to have any right or entitlement to receive any Shares with respect to those cancelled Performance Units.
		

		
			B.         Termination of Employment.  Except as provided in subsection (C), (D) or (E) below or as otherwise provided in any applicable employment agreement, upon Participant’s voluntary or involuntary termination of employment or other association with the Company and its Affiliates, for any or no reason whatsoever, and an entity ceasing to be an Affiliate of the Company, in each case, prior to the Vesting Date, the Award shall be immediately cancelled with respect to unvested Performance Units.  Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled Performance Units.
		

		
			C.         Death or Disability.  If Participant incurs a termination of employment due to death or Disability,  the Performance Units shall vest (if at all) as of the date of such termination of employment (and such date shall be deemed to be the “Vesting Date” for purposes of this Agreement), based on actual performance as compared to the Performance Goals as of the date of termination,  as determined by the Committee.  Any Performance Units that do not vest upon death or Disability shall be immediately cancelled for no consideration upon Participant’s death or Disability, and Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled Performance Units.
		

		
			D.        Retirement.  If Participant incurs a termination of employment due to Retirement (as defined below), then on the Vesting Date, Participant shall vest in the number of Performance Units that would have otherwise vested if Participant had continued in employment through the Vesting Date, based on the attainment of the Performance Goals set forth in Section 1 above, subject to Participant’s execution, delivery and non-revocation of a waiver and release of claims in favor of the Company and its Affiliates in a form prescribed by the Company which becomes effective on or prior to the 60th day following the termination date (the “Release”).  Notwithstanding the foregoing, such continued vesting post-Retirement is expressly subject to and conditioned upon Participant’s full compliance with any continuing post-employment obligations under the Confidential and Proprietary Information Agreement executed by Participant, or any other such confidentiality, non-solicitation or non-disparagement agreement that Participant entered into with the Company or an Affiliate.  In the event of any breach thereof, any further continued vesting shall immediately cease, and any then unvested Performance Units shall be immediately cancelled for no consideration upon such breach, and Participant shall thereupon
		

		
			
		

		
			

		 

		

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			cease to have any right or entitlement to receive any Shares under those cancelled Performance Units.
		

		
			E.         Change of Control.
		

		
			(i)         If a Change of Control occurs during the Performance Period, the Performance Units shall be treated as described in this subsection.  Notwithstanding anything to the contrary, the Committee may take such other actions with respect to the Performance Units as it deems appropriate pursuant to the Plan.
		

		
			(ii)        In lieu of measuring performance as of the end of the Performance Period, the Committee shall calculate a “Change of Control Amount” as of the closing date of the Change of Control (the “Change of Control Date) as follows:  The number of Performance Units to be included in the Change of Control Amount (if any) shall be based on actual performance as compared to the Performance Goals as of the Change in Control Date,  as determined by the Committee.  Except as provided in subsection (v) below, the Change of Control Amount attributable to the Performance Units shall be converted to and payable in time-based units with respect to shares or other equity interests of the acquiring company or its parent, as determined by the Committee, subject to the same time-based vesting schedule as the original Performance Units.
		

		
			(iii)      If a Change of Control occurs during the Performance Period and the Performance Units are Assumed in accordance with Section 9 of the Plan,  the following shall apply:
		

		
			(a)        If Participant continues in employment through the Vesting Date, the Change of Control Amount shall be paid within 60 days following the Vesting Date, and the Change of Control Amount shall not be earned until such payment occurs.
		

		
			(b)        If Participant terminates employment or service on account of death or Disability upon or after the Change of Control Date and before the Vesting Date, the Change of Control Amount shall be paid within 60 days following Participant’s termination of employment or service, and the Change of Control Amount shall not be earned until such payment occurs.
		

		
			(c)        If Participant terminates employment or service on account of Retirement upon or after the Change of Control Date and before the Vesting Date, the Change of Control Amount shall be payable (if at all) as set forth in Section 4(D) above.
		

		
			(d)        If Participant’s employment is terminated by the Company and its Affiliates without Cause [or Participant terminates employment for Good Reason],1 upon or within 18 months following the Change of Control Date and before the Vesting Date, the Change of Control Amount shall be paid within 60 days after Participant’s separation from service.
		

		

		
			1          Note to draft: Good Reason shall be included only for Senior Vice Presidents and above.
		

		
			
		

		
			

		 

		

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			(iv)       If  Participant’s employment or service terminates on account of Retirement, and a Change of Control subsequently occurs before the Vesting Date, the amount payable to Participant (if any) shall be the Change of Control Amount, which shall be paid, if at all,  as set forth in Section 4(D) above.
		

		
			(v)        If the Performance Units are not Assumed in accordance with Section 9 of the Plan, the Change of Control Amount shall become fully vested upon the Change of Control Date, and to the extent permitted by Section 409A of the Code and the Treasury Regulations thereunder (“Section 409A”), the Change of Control Amount shall be paid within 30 days following the Change of Control Date.  The Committee may determine that the aggregate Change of Control Amount attributable to the Performance Units that vest under this subsection (v) shall be (1) converted to and payable in units with respect to shares or other equity interests of the acquiring company or its parent or (2) payable in cash based on the Market Value of the Change of Control Amount as of the Change of Control Date, in either case subject to the Company’s collection of all applicable Withholding Taxes.
		

		
			(vi)       For the avoidance of doubt, if the Change of Control Date occurs after the end of the Performance Period but prior to settlement of the vested Performance Units, the vested Performance Units shall be settled in accordance with Section 3(A), and shall not be based on the Change of Control Amount.
		

		
			(vii)      Notwithstanding anything in this Agreement to the contrary, to the extent required by Section 409A, if a Change of Control does not constitute a “change in control event” under Section 409A (including, a Change of Control described in Section 2.7(d) of the Plan),  or to the extent otherwise required by Section 409A, any amounts that constitute nonqualified deferred compensation subject to Section 409A which are payable pursuant to Section 3(E)(v)  shall be paid within 60 days following the Vesting Date.  For the avoidance of doubt, upon a Transaction, the Performance Units shall be treated in accordance with the terms of this Agreement.
		

		
			F.         Definitions.
		

		
			(i)         “Cause” shall mean (a) Participant’s engaging in gross negligence of Participant’s duties with the Company, or Participant’s fraud or dishonesty in connection with the performance of duties to the Company and its Affiliates, in either case which has a materially detrimental effect on the business or operations of the Company; (b) Participant’s engaging in any willful violation of any applicable confidential, non-disclosure or securities trading policy or policies of the Company or an Affiliate; and (c) Participant’s conviction by a court of competent jurisdiction of any crime (or  upon entering a plea of guilty or nolo contendere to a charge of any crime) constituting a felony; provided, however, that if Participant and the Company or relevant Affiliate are parties to an employment or similar agreement in effect immediately prior to Participant’s termination which defines cause, “Cause” shall mean “cause” as defined in said agreement.
		

		
			(ii)        “Disability” shall mean a determination of disability under the long-term disability plan of the Company or any Affiliate that is applicable to Participant.
		

		
			
		

		
			

		 

		

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			(iii)      [“Good Reason” shall mean the occurrence of any of the following events without Participant’s consent: (a) any material diminution in Participant’s base salary, other than a diminution that was in conjunction with a salary reduction program for similarly-situated employees of the Company or its Affiliates; (b) any material and continuing diminution in Participant’s authority or responsibilities; or (c) changing the geographic location at which Participant provides services to the Company to a location more than 35 miles from both the then existing location and Participant’s residence; provided however, that Participant’s resignation for Good Reason will be effective only if Participant provides written notice to the Company of any event constituting Good Reason within 60 days after Participant becomes aware such event, and the Company does not cure such event within 30 days after receipt of the notice, and provided further that,  Participant terminates Participant’s employment within 90 days of the date of Participant’s written notice.  Notwithstanding the foregoing, if Participant and the Company or relevant Affiliate are parties to an employment or similar agreement in effect immediately prior to Participant’s termination which defines good reason, “Good Reason” shall mean “cause” as defined in said agreement.]1
		

		
			(iv)       “Retirement” shall mean termination of employment other than for Cause after the earlier of Participant’s attainment of (a)  age 60 with 10 consecutive years of service with the Company or its Affiliates or (b)  age 65. 2
		

		
			4.         Stockholder Rights.
		

		
			A.        Participant shall not have any stockholder rights, including voting, dividend or liquidation rights, with respect to the Shares underlying the Award until the Award vests and Participant becomes the record holder of those Shares upon their actual issuance following the Company’s collection of the applicable Withholding Taxes.
		

		
			B.         Notwithstanding the foregoing, should any dividend or other distribution, whether regular or extraordinary, payable other than in Shares, be declared and paid on the Company’s outstanding Shares in one or more calendar years during which Shares remain subject to this Award (i.e., those Shares are not otherwise issued and outstanding following vesting of the Performance Units for purposes of entitlement to the dividend or distribution), then a special book account shall be established for Participant and credited with a phantom dividend equivalent to the actual dividend or distribution which would have been paid on the Shares that remain subject to this Award had such Shares been issued and outstanding and entitled to that dividend or distribution.  If such Shares subsequently become issuable following vesting of the Performance Units hereunder, the phantom dividend equivalents credited to those Shares in the book account shall vest, and those vested phantom dividend equivalents shall be distributed to Participant (in cash or such other form as the Committee may deem appropriate in its sole discretion) concurrently with the issuance of those Shares to which they relate.  However, each such distribution shall be subject to the Company’s collection of the Withholding Taxes applicable to that distribution.  In no event shall any phantom dividend equivalents vest or become distributable unless the Shares to
		

		

		
			2      Note to draft: For certain individuals, retirement shall mean termination of employment other than for Cause after the earlier of Participant’s attainment of (a) age 60 with 5 consecutive years of service with the Company or its Affiliates or (b) age 65.
		

		
			
		

		
			

		 

		

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			which they relate become issuable upon vesting of the applicable Performance Units in accordance with the terms of this Agreement.
		

		
			5.         Adjustment in Shares.  The total number and/or class of securities issuable pursuant to this Award shall be subject to adjustment in accordance with the provisions of Section 8 of the Plan.
		

		
			6.         Issuance of Shares/Collection of Withholding Taxes.
		

		
			A.        On the Issuance Date, the Company shall issue to or on behalf of Participant a certificate (which may be in electronic form) for the applicable number of Shares, subject, however, to the Company’s collection of the applicable Withholding Taxes.
		

		
			B.         Until such time as the Company provides Participant with notice to the contrary, the Company shall collect the applicable Withholding Taxes with respect to the Shares which become issuable pursuant to Performance Units that vest hereunder through an automatic share withholding procedure pursuant to which the Company shall withhold, at the time of such issuance, a portion of the Shares with a Market Value (measured as of the Issuance Date) equal to the amount of those taxes; provided;  however, that the amount of any Shares so withheld shall not exceed the amount necessary to satisfy the Company’s required tax withholding obligations using the minimum statutory withholding rates for federal and state tax purposes that are applicable to supplemental taxable income.  In the event payment is to be made in a form other than the Shares, then the Company shall collect from Participant the applicable Withholding Taxes pursuant to such procedures as the Company deems appropriate under the circumstances.
		

		
			C.         Should any Shares become issuable upon vesting of the Performance Units at a time when the Share withholding method is not available, then the Withholding Taxes shall be collected from Participant pursuant to such procedures as the Company deems appropriate including, without limitation, Participant’s delivery of his or her separate check payable to the Company in the amount of such Withholding Taxes or the use of the proceeds from a next-day sale of the Shares issued to Participant, provided and only if (i) such a sale is permissible under the Company’s insider trading policies governing the sale of Shares; (ii) Participant makes an irrevocable commitment, on or before the vesting date for those Performance Units related to such Shares, to effect such sale of the Shares; and (iii) the transaction is not otherwise deemed to constitute a prohibited loan under Section 402 of the Sarbanes-Oxley Act of 2002.
		

		
			D.        The Company shall collect the Withholding Taxes with respect to each cash distribution of phantom dividend equivalents by withholding a portion of that distribution equal to the amount of the applicable Withholding Taxes.
		

		
			E.         In no event, shall any fractional Shares be issued.  Accordingly, the total number of Shares to be issued pursuant to this Award shall, to the extent necessary, be rounded down to the next whole share in order to avoid the issuance of a fractional share.
		

		
			7.         Compliance with Laws and Regulations.  The issuance of Shares pursuant to the vesting of the Performance Units shall be subject to compliance by the Company and Participant with all applicable requirements of law relating thereto and with all applicable
		

		
			
		

		
			

		 

		

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			regulations of any stock exchange on which the Shares may be listed for trading at the time of such issuance.
		

		
			8.         Notices.  Any notice required to be given or delivered to the Company under the terms of this Agreement shall be in writing and addressed to the Company at its principal corporate offices.  Any notice required to be given or delivered to Participant shall be in writing and addressed to Participant at the address indicated below Participant’s signature line on this Agreement.  All notices shall be deemed effective upon personal delivery or upon deposit in the U.S. mail, postage prepaid and properly addressed to the party to be notified.
		

		
			9.         Successors and Assigns.  Except to the extent otherwise provided in this Agreement, the provisions of this Agreement shall inure to the benefit of, and be binding upon, the Company and its successors and assigns and Participant, Participant’s assigns, the legal representatives, heirs and legatees of Participant’s estate and any beneficiaries of the Award designated by Participant.
		

		
			10.       Construction.  This Agreement and the Award evidenced hereby are made and granted pursuant to the Plan and are in all respects limited by and subject to the terms of the Plan.  All decisions of the Committee with respect to any question or issue arising under the Plan or this Agreement shall be conclusive and binding on all persons having an interest in the Award.  This Agreement is intended to comply with the requirements of Section 409A.  To the extent there is any ambiguity as to whether any provision of this Agreement would otherwise contravene one or more applicable requirements or limitations of Section 409A, such provision shall be interpreted and applied in a manner that complies with the applicable requirements of Section 409A.  Notwithstanding the other provisions hereof, (A) any reference to Participant’s termination of employment shall mean Participant’s “separation from service,” as such term is defined under Section 409A (“Separation from Service”), (B) each issuance of Shares under this Agreement shall be treated as a separate payment, (C) if Participant is a “key employee” under Section 409A and if payment of any amount under this Agreement is required to be delayed for a period of six months after Separation from Service pursuant to Section 409A, payment of such amount shall be delayed as required by Section 409A and shall be paid within 10 days after the end of the six-month period or Participant’s death, if earlier, and (D) in no event may Participant, directly or indirectly, designate the calendar year of a payment, and if the time period for executing the Release spans two calendar years, then any payment conditioned on executing the Release shall be made in the second taxable year.  If the Performance Units become vested other than pursuant to the vesting schedule in Section 1 or in accordance with Section 3 of this Agreement, then to the extent required by Section 409A, such vesting shall not accelerate the issuance of the Shares underlying the Performance Units or any other payments with respect thereto, and the applicable Shares shall be issued and such payments shall be made within 60 days following the date on which such Performance Units would have otherwise vested pursuant to the vesting schedule set forth in Section 1 or in accordance with Section 3 of this Agreement, as applicable.
		

		
			11.       Employment at Will.  Nothing in this Agreement or in the Plan shall confer upon Participant any right to continue in service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or any Affiliate employing or retaining Participant) or of Participant, which rights are hereby expressly reserved by each, to terminate Participant’s service at any time for any reason, with or without cause.
		

		
			 
		

		
			 
		

		
			

		 

		

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			IN WITNESS WHEREOF, the parties have entered into this Performance Unit Issuance Agreement on the date first set forth above.
		

			
					
						 

					
					
						 

					
					
						BOOT BARN HOLDINGS, INC.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						PARTICIPANT

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Signature:

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Address:uslm_Ex10_1

		
			Exhibit 10.1
		

		
			EIGHTH AMENDMENT TO CREDIT AGREEMENT
		

		
			This Eighth Amendment to Credit Agreement (the "Amendment"), dated as of May 2, 2019, is among UNITED STATES LIME & MINERALS, INC., a Texas corporation (the "Borrower"), the financial institutions and other lenders listed on the signature pages hereof (such financial institutions and lenders, together with their respective successors and assigns, are referred to hereinafter each individually as a "Lender" and collectively as "Lenders"), and WELLS FARGO BANK, N.A., as administrative agent for the Lenders (the "Administrative Agent").  
		

		
			RECITALS:
		

			
	
			
				 A.
			The Borrower, certain of the Lenders and the Administrative Agent entered into that certain Credit Agreement dated as of August 25, 2004, as amended by the First Amendment to Credit Agreement dated as of August 31, 2005, by the Second Amendment to Credit Agreement dated as of October 19, 2005, by the Third Amendment to Credit Agreement dated as of March 31, 2007, by the Fourth Amendment to Credit Agreement dated as of June 1, 2010, by the Fifth Amendment to Credit Agreement dated as of May 7, 2015, by the Sixth Amendment to Credit Agreement dated as of October 27, 2016 and by the Seventh Amendment to Credit Agreement dated as of May 2, 2019 (said Credit Agreement as amended, extended, renewed or restated from time to time, the "Credit Agreement").

			
	
			
				 B.
			The Borrower and the Lender have agreed to an amendment to the Credit Agreement to add a definition that was inadvertently omitted.

			
	
			
				 C.
			The Lenders, the Administrative Agent and the Swing Line Lender hereby agree to amend the Credit Agreement on and subject to the terms and conditions set forth herein.

		
			NOW, THEREFORE, in consideration of the premises herein contained and other good and valuable considerations, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
		

			
	
			
				ARTICLE I
			

Definitions

			
	
			
				 1.1
			Definitions.  Capitalized terms used in this Amendment, to the extent not otherwise defined herein, shall have the same meanings as in the Credit Agreement as amended hereby, and all references to "Sections," "clauses," "Articles," "Exhibits," and "Schedules" are references to the Credit Agreement's sections, clauses, articles, exhibits and schedules.

			
	
			
				ARTICLE II
			

Amendments to Credit Agreement

			
	
			
				 2.1
			Amendments to Section 1.01.  Section 1.01 of the Credit Agreement is amended as follows:

			
	
			
				 (a)
			The following definitions are hereby added to Section 1.01 in appropriate alphabetical order to read as follows:

		
			  “London Banking Day” means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank Eurodollar market.
		

		
			

		 

		

			
	
			
				ARTICLE III
			

Conditions Precedent

			
	
			
				 3.1
			Conditions.  The effectiveness of this Amendment is subject to satisfaction of the following conditions precedent:

			
	
			
				 (a)
			The Administrative Agent shall have received executed counterparts of this Amendment from each party hereto.

			
	
			
				 (b)
			The Administrative Agent shall have received, in form and substance satisfactory to the Administrative Agent and its counsel, such other documents, opinions, certificates and instruments as the Administrative Agent shall reasonably require. 

			
	
			
				ARTICLE IV
			

Ratifications, Representations and Warranties

			
	
			
				 4.1
			Ratifications.  The terms and provisions set forth in this Amendment shall modify and supersede all inconsistent terms and provisions set forth in the Credit Agreement and except as expressly modified and superseded by this Amendment, the terms and provisions of the Credit Agreement are ratified and confirmed and shall continue in full force and effect.  The Borrower, the Lenders and the Administrative Agent agree that the Credit Agreement as amended hereby shall continue to be legal, valid, binding and enforceable in accordance with its terms.

			
	
			
				 4.2
			Representations and Warranties.  The Borrower hereby represents and warrants to the Administrative Agent and the Lenders that (a) the execution, delivery and performance of this Amendment and any and all other Loan Documents executed and/or delivered in connection herewith have been authorized by all requisite corporate action on the part of the Borrower and will not violate the articles of incorporation or bylaws of the Borrower, (b) the representations and warranties contained in the Credit Agreement, as amended hereby, and any other Loan Document are true and correct in all material respects on and as of the date hereof as though made on and as of the date hereof (excluding, however, representations and warranties that relate to a specific date and were true and correct on such date), (c) no Default or Event of Default has occurred and is continuing, and (d) the Borrower is in full compliance with all covenants and agreements contained in the Credit Agreement as amended hereby.

			
	
			
				ARTICLE V
			

Miscellaneous

			
	
			
				 5.1
			Survival of Representations and Warranties.  All representations and warranties made in this Amendment or any other Loan Document including any Loan Document  furnished in connection with this Amendment shall survive the execution and delivery of this Amendment and the other Loan Documents, and no investigation by the Administrative Agent or the Lenders or any closing shall affect the representations and warranties or the right of the Administrative Agent and the Lenders to rely upon them.

			
	
			
				 5.2
			Reference to Credit Agreement.  Each of the Loan Documents, including the Credit Agreement and any and all other agreements, documents, or instruments now or hereafter executed and delivered pursuant to the terms hereof or pursuant to the terms of the Credit Agreement as amended hereby, are hereby amended so that any reference in such Loan Documents to the Credit Agreement shall mean a reference to the Credit Agreement as amended hereby.

			
	
			
				 5.3
			Severability.  Any provision of this Amendment held by a court of competent jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder of this Amendment and the effect thereof shall be confined to the provision so held to be invalid or unenforceable.

			
	
			
				 5.4
			Successors and Assigns.  This Amendment is binding upon and shall inure to the benefit of each Lender, the Administrative Agent and the Borrower and their respective successors and assigns, except the Borrower 

		 

	may not assign or transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender.

			
	
			
				 5.5
			Effect of Waiver.  No consent or waiver, express or implied, by the Administrative Agent or any Lender to or for any breach of or deviation from any covenant, condition or duty by the Borrower shall be deemed a consent or waiver to or of any other breach of the same or any other covenant, condition or duty.

			
	
			
				 5.6
			Headings.  The headings, captions, and arrangements used in this Amendment are for convenience only and shall not affect the interpretation of this Amendment.

			
	
			
				 5.7
			Costs, Expenses and Taxes.  The Borrower agrees to pay on demand all costs and expenses of the Administrative Agent in connection with the preparation, reproduction, execution and delivery of this Amendment and the other instruments and documents to be delivered hereunder (including the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent with respect thereto).

			
	
			
				 5.8
			Guarantor's Acknowledgment.  By signing below, each Guarantor (a) acknowledges, consents and agrees to the execution, delivery and performance by the Borrower of this Amendment, (b) acknowledges and agrees that its obligations in respect of its Guaranty are not released, diminished, waived, modified, impaired or affected in any manner by this Amendment or any of the provisions contemplated herein, (c) ratifies and confirms its obligations under its Guaranty, and (d) acknowledges and agrees that it has no claims or offsets against, or defenses or counterclaims to, its Guaranty.

			
	
			
				 5.9
			Execution in Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which when taken together shall constitute but one and the same instrument.  For purposes of this Amendment, a counterpart hereof (or signature page thereto) signed and transmitted by any Person party hereto to the Administrative Agent (or its counsel) by facsimile machine, telecopier or electronic mail is to be treated as an original.  The signature of such Person thereon, for purposes hereof, is to be considered as an original signature, and the counterpart (or signature page thereto) so transmitted is to be considered to have the same binding effect as an original signature on an original document.

			
	
			
				 5.10
			Governing Law; Binding Effect.  This Amendment shall be governed by and construed in accordance with the laws of the State of Texas applicable to agreements made and to be performed entirely within such state, provided that each party shall retain all rights arising under federal law, and shall be binding upon the parties hereto and their respective successors and assigns.

			
	
			
				 5.11
			ENTIRE AGREEMENT.  THIS AMENDMENT AND ALL OTHER INSTRUMENTS, DOCUMENTS AND AGREEMENTS EXECUTED AND DELIVERED IN CONNECTION WITH THIS AMENDMENT EMBODY THE FINAL, ENTIRE AGREEMENT AMONG THE PARTIES HERETO AND SUPERSEDE ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS, WHETHER WRITTEN OR ORAL, RELATING TO THIS AMENDMENT, AND MAY NOT BE CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OF THE PARTIES HERETO.  THERE ARE NO ORAL AGREEMENTS AMONG THE PARTIES HERETO.

		
			[Remainder of Page Intentionally Left Blank.  Signature Pages Follow.]
		

		
			 
		

		
			

		 

		

		
			Executed as of the date first written above.
		

			
					
						 

					
					
						BORROWER:

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						UNITED STATES LIME & MINERALS, INC.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						\s\ Michael L. Wiedemer

				
	
					
						 

					
					
						 

					
					
						Michael L. Wiedemer

				
	
					
						 

					
					
						 

					
					
						Vice President and Chief Financial Officer

				

		
			 
		

		
			
		

		

		 

	
					
						

					
						 

					
					
						WELLS FARGO BANK, N.A.,

				
	
					
						 

					
					
						as Administrative Agent and a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						\s\ Jason Ford

				
	
					
						 

					
					
						 

					
					
						Jason Ford

				
	
					
						 

					
					
						 

					
					
						Senior Vice President

				

		
			 
		

		
			 
		

		
			

		 

ACKNOWLEDGED AND AGREED TO:
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						ACT HOLDINGS, INC.
ARKANSAS LIME COMPANY
COLORADO LIME COMPANY
CORSON LIME COMPANY
TEXAS LIME COMPANY
U.S. LIME COMPANY (formerly named 
U.S. LIME COMPANY – HOUSTON)
U.S. LIME COMPANY – O&G, LLC
(formerly named U.S. LIME – O&G
COMPANY, LLC)
U.S. LIME COMPANY – SHREVEPORT 
U.S. LIME COMPANY – ST. CLAIR 
U.S. LIME COMPANY – TRANSPORTATION
U.S. LIME – O&G (DELAWARE) LP, LLC
U.S. LIME – O&G GP, LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						\s\ Michael L. Wiedemer

				
	
					
						 

					
					
						 

					
					
						Michael L. Wiedemer

				
	
					
						 

					
					
						 

					
					
						Vice President and Chief Financial Officer

				

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						U.S. LIME – O&G PARTNERS, LP

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						U.S. Lime – O&G GP, LLC,

				
	
					
						 

					
					
						 

					
					
						its general partner

				

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						\s\ Michael L. Wiedemer

				
	
					
						 

					
					
						 

					
					
						Michael L. Wiedemer

				
	
					
						 

					
					
						 

					
					
						Vice President and Chief Financial Officer

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