Document:

EXHIBIT 4.1

                             DND TECHNOLOGIES, INC.
                                STOCK OPTION PLAN

1. PURPOSE OF PLAN.

      (a) General Purpose. The purpose of the DND TECHNOLOGIES, INC. STOCK
OPTION PLAN ("Plan") is to further the interests of DND TECHNOLOGIES, INC., a
Nevada corporation (the "Corporation"), and its subsidiaries (i) by providing an
incentive based form of compensation to the directors, officers, key employees
and service providers of the Corporation and of its subsidiaries, and (ii) by
encouraging such persons to invest in shares of the Corporation's Common Stock,
thereby acquiring a proprietary interest in its business and the business of its
subsidiaries and an increased personal interest in its continued success and
progress.

      (b) Incentive Stock Options. Some one or more of the options granted under
the Plan may be intended to qualify as an "incentive stock option" as defined in
Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"), and
any grant of such an option shall clearly specify that such option is intended
to so qualify. If no such specification is made, an option granted hereunder
shall not be intended to qualify as an "incentive stock option." The employees
eligible to be considered for the grant of incentive stock options hereunder are
any persons regularly employed by the Corporation in a managerial capacity on a
full-time, salaried basis.

2. STOCK AND MAXIMUM NUMBER OF SHARES SUBJECT TO PLAN.

      (a) Description of Stock and Maximum Shares Allocated. The stock subject
to the provisions of the Plan and issuable upon exercise of options granted
under the Plan are shares of the Corporation's Common Stock, $.001 par value,
which may be either unissued or treasury shares, as the Corporation's Board of
Directors (the "Board") may from time to time determine. Subject to adjustment
as provided in Section 7, the aggregate number of shares of Common Stock covered
by the Plan and issuable upon exercise of all options granted hereunder shall be
5,000,000 shares, which shares shall be reserved for use upon the exercise of
options to be granted from time to time.

      (b) Restoration of Unpurchased Shares. If an option expires or terminates
for any reason prior to its exercise in full and before the term of the Plan
expires, the shares subject to, but not issued under such option shall again be
available for other options thereafter granted.

3. ADMINISTRATION; AMENDMENTS.

      (a) Administration by Committee. The Plan shall be administered by the
Board or whenever the Board has at least two members who are not either
employees or officers of the Corporation or of any parent or subsidiary of the
Corporation ("Independent Directors") by a committee of not less than two
persons who are Independent Directors (the "Committee"), with full power to
administer the Plan, to interpret the Plan and to establish and amend rules and
regulations

<PAGE>

for its administration. (The term "Committee" as used throughout this Plan shall
refer to the Board or a committee of two Independent Directors, whichever is
administering the Plan at the time).

      (b) Exercise Price. Upon the grant of any option, the Committee shall
specify the exercise price for the shares issuable upon exercise of options
granted, which exercise price shall in no event be less than 100% of the Fair
Market Value per share on the date such option is granted.

      (c) Fair Market Value. The Fair Market Value of a share of Common Stock on
any particular day shall be determined as follows:

            (1) If the shares are listed or admitted to trading on any
      securities exchange, the fair market value shall be the average sales
      price on such day on the New York Stock Exchange, or if the shares have
      not been listed or admitted to trading on the New York Stock Exchange, on
      such other securities exchange on which such stock is then listed or
      admitted to trading, or if no sale takes place on such day on any such
      exchange, the average of the closing bid and asked price on such day as
      officially quoted on any such exchange;

            (2) If the shares are not then listed or admitted to trading on any
      securities exchange, the fair market value shall be the average sales
      price on such day or, if no sale takes place on such day, the average of
      the reported closing bid and asked price on such date, in the
      over-the-counter market as furnished by the National Association of
      Securities Dealers Automated Quotation ("NASDAQ"), or if NASDAQ at the
      time is not engaged in the business of reporting such prices, as furnished
      by any similar firm then engaged in such business and selected by the
      Board; or

            (3) If the shares are not then listed or admitted to trading in the
      over-the-counter market, the fair market value shall be the amount
      determined by the Board in a manner consistent with Treasury Regulation
      Section 20-2031-2 promulgated under the Code or in such other manner
      prescribed by the Secretary of the Treasury or the Internal Revenue
      Service.

            (4) If the Committee determines that the price as determined in
      Section 3(c)(1) - (3) above does not represent the fair market value of a
      share of Common Stock, the Committee may then consider such other factors
      as it deems appropriate and then fix the Fair Market Value for the
      purposes of this Plan.

      (d) Interpretation. The interpretation and construction by the Committee
of the terms and provisions of this Plan and of the agreements governing options
and rights granted under the Plan shall be final and conclusive. No member of
the Committee shall be liable for any action taken or determination made in good
faith.

      (e) Amendments to Plan. The Committee may, without action on the part of
the stockholders of the Corporation, make such amendments to, changes in and
additions to the Plan as it may, from time to time, deem proper and in the best
interests of the Corporation; provided that the Committee may not, without
consent of the holder, take any action which disqualifies any option

                                       2
<PAGE>

granted under the Plan as an incentive stock option for treatment as such or
which adversely affects or impairs the rights of the holder of any option
outstanding under the Plan.

      (f) Termination of the Plan. This Plan may be abandoned, suspended, or
terminated at any time by the Board; provided, however, that abandonment,
suspension, or termination of this Plan shall not affect any Options then
outstanding under this Plan.

4. PARTICIPANTS; DURATION OF PLAN.

      (a) Eligibility and Participation. Options may be granted in the total
amount for the period as allocated by the Board as provided in Section 4(b)
below only to persons who at the time of grant are directors, key employees of,
or service providers to the Corporation or others who qualify under the general
purpose of the Plan stated above in Section 1, whether or not such persons are
also members of the Board; provided, however, that no incentive stock option may
be granted to a director of the Corporation unless such person is also an
executive employee of the Corporation.

      (b) Allotment. The Board shall determine the aggregate number of shares of
Common Stock which may be optioned from time to time but the Compensation
Committee shall have sole authority to determine the number of shares and the
recipient thereof to be optioned at any time. The Compensation Committee shall
not be required to grant all options allocated by the Board for any given period
if it determines, in its sole and exclusive judgment, that such grant is not in
the best interests of the Corporation. The grant of an option to any person
shall neither entitle such individual to, nor disqualify such individual from,
participation in any other grant of options under the Plan.

      (c) Limitation on Grant of Incentive Stock Options. Notwithstanding any
other provision of this Plan, no person shall be granted an "incentive stock
option" under this Plan which would cause such person's "annual vesting amount"
to exceed $100,000.00. With respect to any calendar year, a person's "annual
vesting amount" is the aggregate fair market value of stock subject to incentive
stock options with respect to which such options are first exercisable during
such calendar year. For purposes of the foregoing, the aggregate fair market
value of stock with respect to which "incentive stock options" are first
exercisable during any calendar year shall be determined by taking into account
all such options granted to such person under all incentive stock option plans
of the Corporation or of any of its parent or subsidiary corporations.

      (d) Duration of Plan. The term of the Plan, unless previously terminated
by the Board, is ten years or August 11, 2013. No option shall be granted under
the Plan unless granted within ten years after the adoption of the Plan by the
Board, but options outstanding on that date shall not be terminated or otherwise
affected by virtue of the Plan's expiration.

      (e) Approval of Stockholders. If the Board issues any incentive stock
options, solely for the purposes of compliance with the Code provisions
pertaining to incentive stock options, the Plan shall be submitted to the
stockholders of the Corporation for their approval at a regular meeting to be
held within twelve months after adoption of the Plan by the Board. Stockholder
approval shall be evidenced by the affirmative vote of the holders of a majority
of the shares of Common Stock

                                       3
<PAGE>

present in person or by proxy and voting at the meeting. If the stockholders
decline to approve the Plan at such meeting or if the Plan is not approved by
the stockholders within twelve months after its adoption by the Board, no
incentive stock options may be issued under the Plan but all options granted
under the Plan shall remain in full force and effect regardless of Shareholder
approval and the Plan may be used for future nonincentive stock option
issuances. If shareholders fail to approve the Plan, all previously issued
incentive stock options shall be automatically converted to nonincentive stock
options.

5. TERMS AND CONDITIONS OF OPTIONS AND RIGHTS.

      (a) Individual Agreements. Options granted under the Plan shall be
evidenced by agreements in such form as the Board from time to time approves,
which agreements shall substantially comply with and be subject to the terms of
the Plan, including the terms and conditions of this Section 5.

      (b) Required Provisions. Each agreement shall state (i) the total number
of shares to which it pertains, (ii) the exercise price for the shares covered
by the option, (iii) the time at which the option becomes exercisable, (iv) the
scheduled expiration date of the option, (v) the vesting period(s) for such
options, and (vi) the timing and conditions of issuance of any stock option
exercise.

      (c) Period. No option granted under the Plan shall be exercisable for a
period in excess of ten years from the date of its grant. All options granted
shall be subject to earlier termination in the event of termination of
employment, retirement or death of the holder as provided in Section 6 or as
otherwise set forth in the agreement granting the option. Unless otherwise
provided in the agreement granting the Stock Option itself, an option may be
exercised in full or in part at any time or from time to time during the term
thereof, or provide for its exercise in stated installments at stated times
during such term.

      (d) No Fractional Shares. Options shall be granted and exercisable only
for whole shares; no fractional shares will be issuable upon exercise of any
option granted under the Plan.

      (e) Method of Exercising Option. The method for exercising options granted
to former employees of the Corporation or of its subsidiaries shall be set forth
in the agreement granting the option itself. All other options shall be
exercised by written notice to the Corporation, addressed to the Corporation at
its principal place of business. Such notice shall state the election to
exercise the option and the number of shares with respect to which it is being
exercised, and shall be signed by the person exercising the option. Such notice
shall be accompanied by payment in full of the exercise price for the number of
shares being purchased. Payment may be made in cash or by bank cashier's check,
or if required by the terms of the option itself, by allocating compensation due
to the Grantee by the Corporation or by any of its subsidiaries to the
Corporation as payment for the exercise price. In lieu of cash, if permitted by
the option itself, such payment may be made in whole or in part with shares of
the same class of stock as are then subject to the option, delivered in lieu of
cash concurrently with such exercise, the shares so delivered to be valued on
the basis of the fair market value of the stock (determined in a manner
specified in the instrument evidencing the option)

                                       4
<PAGE>

on the day preceding the date of exercise. Alternatively, if permitted by the
option itself, the Grantee may, in lieu of using previously outstanding shares
therefore, use some of the shares as to which the option is then being
exercised. The Corporation shall deliver a certificate or certificates
representing the option shares to the purchaser as soon as practicable after
payment for those shares has been received. If an option is exercised by any
person other than the optionholder, such notice shall be accompanied by
appropriate proof of the right of such person to exercise the option. All shares
that are purchased and paid for in full upon the exercise of an option shall be
fully paid and non-assessable.

      (f) No Rights of a Stockholder. An optionholder shall have no rights as a
stockholder with respect to shares covered by an option. No adjustment will be
made for dividends with respect to an option for which the record date is prior
to the date a stock certificate is issued upon exercise of an option. Upon
exercise of an option, the holder of the shares of Common Stock so received
shall have all rights of a stockholder of the Corporation as of the date of
issuance.

      (g) Effect of Plan on Employment Status. The fact that the Committee has
granted an Option to an Optionee under this Plan shall not confer on such
Optionee any right to employment with the Corporation or to a position as an
officer or an employee of the Corporation, nor shall it limit the right of the
Corporation to remove such Optionee from any position held by the Optionee or to
terminate the Optionee's employment at any time.

      (h) Compliance with Law. No shares of Corporation Common Stock shall be
issued or transferred upon the exercise of any option unless and until all legal
requirements applicable to the issuance or transfer of such shares have been
completed.

      (i) Other Provisions. The option agreements may contain such other
provisions as the Board deems necessary to effectuate the sense and purpose of
the Plan, including covenants on the holder's part not to compete and remedies
to the Corporation in the event of the breach of any such covenant.

6. TERMINATION OF EMPLOYMENT; ASSIGNABILITY; DEATH.

      (a) Termination of Employment. Except as otherwise set forth in this
Section 6(a), if any optionholder ceases to be a director or employee of the
Corporation or of any subsidiary of the Corporation, or ceases to render
services pursuant to a consulting, management or other agreement, other than for
death, disability or discharge for cause, such holder (or successors or
transferees) may, within six months after the date of termination, but in no
event after the stated expiration date, purchase some or all of the shares with
respect to which such optionholder was entitled to exercise such option, on the
date such employment, directorship, or consulting relationship terminated and
the option shall thereafter be void for all purposes. Any termination of an
agreement pursuant to which services are rendered to the Corporation or of any
subsidiary of the Corporation by any party who is an optionholder, without a
renewal of that agreement or entry into a similar successor agreement, may be
treated as a termination of the employment of the third party.

                                       5
<PAGE>

      (b) Assignability. Options granted under the Plan and the privileges
conferred thereby shall not be assignable or transferable, unless the Committee
provides otherwise. Options shall be exercisable by such transferee as set forth
in this Section 6.

      (c) Disability. If the employment or directorship of the optionholder is
terminated due to disability, the optionholder (or transferee of the
optionholder) may exercise the options, in whole or in part, to the extent they
were exercisable on the date when the optionholder's employment or directorship
terminated, at any time prior to the expiration date of the options or within
one year of the date of termination of employment or directorship, whichever is
earlier. For purposes of this Plan, the term "disability" shall be defined in
the same manner as such term is defined in Section 22(e)(3) of the Code.

      (d) Discharge for Cause. If the employment or directorship of the
optionholder with the Corporation or any of its subsidiaries is terminated due
to discharge for cause, the options shall terminate upon receipt by the
optionholder of notice of such termination or the effective date of the
termination, whichever is earlier. Discharge for cause shall include discharge
for personal dishonesty, willful misconduct in performance of duties, failure,
impairment or inability to perform required duties, breach of fiduciary duty or
conviction of any felony or crime of moral turpitude. The Compensation Committee
shall have the sole and exclusive right to determine whether the optionholder
has been discharged for cause for purposes of the Plan and the date of such
discharge.

      (e) Death of Holder. If optionholder dies while in the Corporation's or
any of its subsidiaries' employ or while rendering consulting services to the
Corporation or to any of its subsidiaries, an option shall be exercisable within
twelve months after the date of death, but in no event after the stated
expiration date thereof, by the person or persons ("successors") to whom the
holder's rights pass under will or by the laws of descent and distribution or by
transferees of the optionholders, as the case may be, but only to the extent
that the holder was entitled to exercise the option at the date of death. An
option may be exercised (and payment of the option price made in full) by the
successors or transferees only after written notice to the Corporation,
specifying the number of shares to be purchased or rights to be exercised. Such
notice shall comply with the provisions of Section 5(e).

7. CERTAIN ADJUSTMENTS.

      (a) Capital Adjustments. Except as limited by Section 422 of the Code, the
aggregate number of shares of Common Stock subject to the Plan, the number of
shares covered by outstanding options, and the price per share stated in such
options shall be proportionately adjusted for any increase or decrease in the
number of outstanding shares of Common Stock of the Corporation resulting from a
subdivision or consolidation of shares or any other capital adjustment or the
payment of a stock dividend or any other increase or decrease in the number of
such shares effected without receipt by the Corporation of consideration
therefor in money, services or property.

      (b) Corporate Reorganizations. Upon the dissolution or liquidation of the
Corporation, or upon a reorganization, merger or consolidation of the
Corporation as a result of which the outstanding securities of the class then
subject to options hereunder are changed into or exchanged

                                       6
<PAGE>

for cash or property or securities not of the Corporation's issue, or any
combination thereof, or upon a sale of substantially all of the property of the
Corporation to, or the acquisition of stock representing more than eighty
percent (80%) of the voting power of the stock of the Corporation then
outstanding by another corporation or by a group of persons who are required to
file a Form 13D under the Securities Exchange Act of 1934 ("34 Act"), the Plan
shall terminate, and all options theretofore granted hereunder shall terminate,
unless provision be made in writing in connection with such transaction for the
continuance of the Plan or for the assumption of options covering the stock of a
successor employer corporation, or a parent or a subsidiary thereof, with
appropriate adjustments as to the number and kind of shares and prices, in which
event the Plan and options theretofore granted shall continue in the manner and
under the terms so provided. If the Plan and unexercised options shall terminate
pursuant to the foregoing sentence, all persons entitled to exercise any
unexercised portions of options then outstanding shall have the right, at such
time prior to the consummation of the transaction causing such termination as
the Corporation shall designate, to exercise the unexercised portions of their
options, including the portions thereof which would, but for this paragraph
entitled "Corporate Reorganizations," not yet be exercisable.

8. COMPLIANCE WITH LEGAL REQUIREMENTS.

      (a) For Investment Only. If, at the time of exercise of this option, there
is not in effect as to the Option Shares being purchased a registration
statement under the Securities Act of 1933, as amended (or any successor
statute) (collectively, the "1933 Act"), then the exercise of this option shall
be effective only upon receipt by the Corporation from the key employee or
service provider (or his legal representatives or heirs) of a written
representation that the option shares are being purchased for investment and not
for distribution.

      (b) Listing and Registration of Option Shares. Any Option granted under
the Plan shall be subject to the requirement that if at any time the Committee
shall determine, in its discretion, that the listing, registration, or
qualification of the shares covered thereby upon any securities exchange or
under any state or federal law or the consent or approval of any governmental
regulatory body is necessary or desirable as a condition of, or in connection
with, the granting of such Option or the issuance or purchase of shares
thereunder, such Option may not be exercised in while or in part unless and
until such listing, registration, qualification, consent, or approval shall have
been effected or obtained free of any conditions not acceptable to the
Committee.

      (c) Compliance with Section 16 of the Securities Exchange Act of 1934. It
is the intention of the Corporation that the Plan and Options hereunder satisfy
and be interpreted in a manner, that, in the case of Optionees, satisfies the
applicable requirements of Rule 16b-3 promulgated under Section 16(b) of the
Exchange Act, so that such persons will be entitled to the benefits of Rule
16b-3 or other exemptive rules under Section 16 of the Exchange Act and will not
be subject to avoidable liability thereunder. If any provision of the Plan or of
any Option Agreement would otherwise frustrate or conflict with the intent
expressed in this Paragraph 8(c), that provision to the extent possible shall be
interpreted and deemed amended so as to avoid such conflict. To the extent of
any remaining irreconcilable conflict with such intent, the provision shall be
deemed void as applicable to any person who is subject to Section 16 of the
Exchange Act.

                                       7
<PAGE>

9. APPLICATION OF FUNDS.

      The proceeds received by the Corporation from the sale of Common Stock
pursuant to the exercise of options will be used for general corporate purposes.

10. WITHHOLDING OF TAXES.

      The Corporation shall have the right to deduct from any other compensation
of the option holder any federal, state or local income taxes (including FICA)
required by law to be withheld with respect to the granting or exercise of any
options.

11. EXPENSES OF ADMINISTRATION OF PLAN.

      All costs and expenses incurred in the operation and administration of
this Plan shall be borne by the Corporation or one or more of its subsidiaries.

12. GOVERNING LAW.

      Without regard to the principles of conflicts of laws, the laws of the
State of Arizona shall govern and control the validity, interpretation,
performance, and enforcement of this Plan.

13. INSPECTION OF PLAN.

      A copy of this Plan, and any amendments thereto or modification thereof,
shall be maintained by the Secretary of the Corporation and shall be shown to
any proper person making inquiry about it.

      DATED as of the 11th day of August, 2003.

                                     DND TECHNOLOGIES, INC.,
                                     a Nevada corporation

                                     By /s/ Douglas Dixon
                                        --------------------------------
                                        Douglas Dixon
                                        Chief Executive Officer

                                       8First Amendment to Credit Agreement

 EXHIBIT 10.2 
  
 FIRST AMENDMENT TO CREDIT AGREEMENT 
 AND SECURITY AGREEMENTS 
  
 THIS FIRST AMENDMENT
TO CREDIT AGREEMENT AND SECURITY AGREEMENTS (“Amendment”), dated as of July 29, 2003 (the “Amendment Date”), is among Texas Industries, Inc., TXI Operations, LP, Riverside Cement Company, Chaparral Steel Midlothian,
LP, Chaparral (Virginia) Inc., Bank of America, N.A. (in its capacity as administrative agent for the Lenders), and each of the lending institutions party hereto. 
  
 RECITALS: 
  
 A. The Obligated Parties, the Lenders, and the Administrative Agent have entered into that certain Credit Agreement dated as of June 6, 2003 (the
“Credit Agreement”) pursuant to which the Lenders have provided certain credit facilities to the Borrowers. 
  
 B. The Obligated Parties have requested that the Lenders amend certain provisions of the Credit Agreement as provided hereinbelow. 
  
 C. Subject to satisfaction of the conditions set forth herein, the Lenders
are willing to amend the Credit Agreement as specifically provided herein. 
  
 NOW, THEREFORE, BE IT RESOLVED THAT, in consideration of the premises herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby
agree as follows: 
  
 ARTICLE 1 
  
 Definitions 
  
 Section 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. 
  
 ARTICLE 2 
  
 Amendments 
  
 Section 2.1 Amendment to Cover
Page of the Credit Agreement. Effective as of the Amendment Date, the cover page of the Credit Agreement is amended and restated in its entirety to read as set forth in Annex A of this Amendment. 
  
 Section 2.2 Amendment to Section 1.4 of the Credit Agreement.
Effective as of the Amendment Date, Section 1.4 of the Credit Agreement is hereby amended and restated to read in its entirety as follows: 
  

 FIRST AMENDMENT TO CREDIT AGREEMENT - Page 1 

 Section 1.4 Bank Products. Any Obligated Party may obtain Bank Products from any
Lender or any Lender’s Affiliates, although no Obligated Party is required to do so. To the extent Bank Products are provided by a Lender or an Affiliate of a Lender, the Obligated Parties agree to indemnify and hold the Administrative Agent
and the Lenders harmless from any and all costs and obligations now or hereafter incurred by the Administrative Agent or any Lender related to such Bank Products; provided, however, nothing contained herein is intended to limit any
Obligated Party’s rights, with respect to any Lender or its Affiliates providing such Bank Products, if any, which arise as a result of the execution of documents by and between such Obligated Party and such Lender or its Affiliates which
relate to Bank Products. The agreement contained in this Section shall survive termination of this Agreement. Each Obligated Party acknowledges and agrees that the obtaining of Bank Products from a Lender or its Affiliates (a) is in the sole and
absolute discretion of such Lender or its Affiliates, and (b) is subject to all rules and regulations of such Lender or its Affiliates. 
  
 Section 2.3 Amendment to Section 1.2 of the Credit Agreement. Effective as of the Amendment Date, clause (B) in the fifth sentence of
Section 1.2(i) of the Credit Agreement is amended and restated to read in its entirety “(B) the requested Borrowing exceeds the Availability on the applicable Funding Date prior to giving effect to such requested Borrowing or the
Aggregate Revolver Outstandings would exceed the Borrowing Base after giving effect to such Borrowing”. 
  
 Section 2.4 Amendment to Section 3.7 of the Credit Agreement. Effective as of the Amendment Date, the second sentence of Section 3.7 of the
Credit Agreement is amended and restated to read in its entirety as follows: 
  
 All payments shall be remitted to the Administrative Agent and all such payments not relating to principal or interest of specific Revolving Loans, or not constituting payment of specific fees, and all proceeds of any
Obligated Party’s Accounts or any other Collateral received by the Administrative Agent, shall be applied, ratably, subject to the other provisions of this Agreement, first, to pay any fees, indemnities, or expense reimbursements, then
due to the Administrative Agent from the Borrowers (excluding any amounts relating to Bank Products), second, to pay any fees, indemnities, or expense reimbursements then due to any of the Lenders from the Borrowers, third, to pay
interest due in respect of the Revolving Loans, including Non-Ratable Loans and Agent Advances, fourth, to pay or prepay principal of the Non-Ratable Loans and the Agent Advances, fifth, to pay or prepay principal of the Revolving
Loans (other than the Non-Ratable Loans and the Agent Advances) and unpaid reimbursement obligations in respect of Letters of Credit, sixth, during the existence of a Default or an Event of Default, to pay an amount to the Administrative
Agent equal to 100% of the aggregate undrawn face amount of all outstanding Letters of Credit and the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit, to be held as cash collateral for such Obligations, and
seventh, to the payment of any amounts relating to Bank Products due to the Administrative Agent (including the Bank in its capacity as the provider of any Bank Products) or 

  

 FIRST AMENDMENT TO CREDIT AGREEMENT - Page 2 

 
any Lender by the Obligated Parties; provided that, (y) if any Lender (or its Affiliates) other than the Bank (or its Affiliates) provides Bank
Products to an Obligated Party, such Lender shall provide notice to the Administrative Agent of the current exposure of the Obligated Parties to such Lender under such Bank Products (and any increase in such exposure since the last report) no less
frequently than monthly and whenever requested by the Administrative Agent and (z) if there is any increase in the exposure of the Obligated Parties to such Lender under such Bank Products and such Lender fails to provide notice to the
Administrative Agent of such increased exposure as required in clause (y) preceding, then, notwithstanding anything to the contrary in this Agreement or any other Loan Document, such increased exposure which has not been reported to the
Administrative Agent, except to the extent such increase in exposure has occurred within seven days of the immediately preceding such notice and is not in excess of $500,000, shall not constitute an Obligation and shall not be secured by the
Agent’s Liens. 
  
 Section 2.5 Amendment to Section 4.6 of
the Credit Agreement. Effective as of the Amendment Date, Section 4.6 of the Credit Agreement is hereby amended and restated to read in its entirety as follows: 
  
 Section 4.6 Certification of Compensation. If any Lender claims reimbursement or compensation under
this Article 4, such Lender shall deliver to the Administrative Agent a certificate setting forth in reasonable detail the amount payable to the affected Lender and the Administrative Agent shall deliver such certificate to the Borrowers, and
such certificate shall be conclusive and binding on the Borrowers in the absence of manifest error. 
  
 Section 2.6 Amendment to Section 7.28 of the Credit Agreement. Effective as of the Amendment Date, Section 7.28 of the Credit Agreement is
amended as follows: 
  
 (a) Section
7.28(a) is hereby amended and restated to read in its entirety as follows: 
  
 In the event that the Subsidiaries of the Parent which are not Obligated Parties hereunder (collectively referred to in this Section as the “excluded Subsidiaries”) own assets, excluding intercompany notes
and accounts, with an aggregate book value or fair market value in excess of 5.0% of all assets, excluding intercompany notes and accounts, of the Parent and its Subsidiaries or have revenue in any Fiscal Year in excess of 5.0% of the revenue of the
Parent and its Subsidiaries, the Obligated Parties shall notify the Administrative Agent in writing thereof and with the Majority Lenders’ consent pursuant to Section 13.22 cause one or more of the excluded Subsidiaries to become, either
a Borrower and a Guarantor or a Guarantor (but not a Borrower) subject to the terms of this Agreement to the extent required to cause the aggregate book value or fair market value of all assets, excluding intercompany notes and accounts, owned by
the excluded Subsidiaries to be equal to or less than 5.0% of the assets, 
  

 FIRST AMENDMENT TO CREDIT AGREEMENT - Page 3 

 
excluding intercompany notes and accounts, of the Parent and its Subsidiaries and to cause the revenue of the excluded Subsidiaries, collectively, to be
equal to or less than 5.0% of the revenue of the Parent and its Subsidiaries. In the event that an insufficient number of the Parent’s Subsidiaries are acceptable to the Majority Lenders for joinder hereto as Obligated Parties (as applicable)
as may be required pursuant to this Section, no Event of Default shall result from such occurrence and each reference to “5.0%” in this Section 7.28(a) shall instead be a reference to 10.0%. 
  
 (b) The first sentence of Section 7.28(b) is amended
and restated to read in its entirety as follows: 
  
 Upon
addition of any Subsidiary of the Parent as an Obligated Party hereunder, such new Obligated Party shall (x) grant Liens on its property which constitutes Collateral to the Administrative Agent, for the benefit of the Administrative Agent and the
Lenders, pursuant to such documents as the Administrative Agent may reasonably deem necessary and deliver such property, documents, and instruments as the Administrative Agent may request to perfect the Agent’s Liens in any property of such new
Obligated Party which constitutes Collateral, (y) execute a Guaranty Agreement as required by Section 7.27, and (z) in connection with the foregoing requirements, or either of them, deliver to the Administrative Agent (in its discretion) all
items of the type required by Section 8.1 (as applicable). 
  
 Section 2.7 Amendment to Section 9.1 of the Credit Agreement. Effective as of the Amendment Date, clause (i) of Section 9.1(c) of the Credit Agreement is hereby amended and restated to read in its entirety “(i)
observance or performance of any of the covenants and agreements contained in clauses (a),(b), (d), (e), (h), (k), and (l) of Section 5.2, Section 5.3(a), Section 7.2 (insofar as
it requires the preservation of the existence of the Obligated Parties), or Section 7.9 through Section 7.28, or Section 2.3 and Section 2.9 through Section 2.11 of the Security Agreements”. 
  
 Section 2.8 Amendment to Section 11.1 of the Credit Agreement.
Effective as of the Amendment Date, clause (i) of Section 11.1(d) of the Credit Agreement is hereby amended and restated to read “(i) the Administrative Agent may, in its sole discretion and notwithstanding the limitations
contained in Section 11.1(b)(v) and Section 11.1(b)(ix) and any other terms of this Agreement, make Agent Advances in accordance with Section 1.2(j), and no amendment, waiver, or consent shall, unless in writing and signed by
the Administrative Agent, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document and”. 
  
 Section 2.9 Amendment to Section 12.5 of the Credit Agreement. Effective as of the Amendment Date, the first sentence of Section 12.5 of the
Credit Agreement is hereby amended and restated to read in its entirety as follows: 
  

 FIRST AMENDMENT TO CREDIT AGREEMENT - Page 4 

 The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default
or Event of Default, unless the Administrative Agent shall have received written notice from an Obligated Party or the Majority Lenders referring to this Agreement describing such Default or Event of Default and stating that such notice is a
“notice of default”, and the Administrative Agent shall have had a reasonable opportunity to confirm the existence of any such described Default or Event of Default. 
  
 Section 2.10 Amendment to Section 12.11 of the Credit Agreement. Effective as of the Amendment Date, the first
sentence of Section 12.11(a) of the Credit Agreement is hereby amended and restated to read in its entirety as follows: 
  
 The Lenders hereby irrevocably authorize the Administrative Agent to release any Guarantor as provided in Section 7.9 and to release any
Agent’s Liens upon any Collateral (i) upon the termination of the Commitments and payment and satisfaction in full of all Revolving Loans and reimbursement obligations in respect of Letters of Credit, and the termination or collateralization as
provided in Section 1.3(g) of all outstanding Letters of Credit (whether or not any of such obligations are due) and all other Obligations, (ii) constituting property being sold or disposed of if the Obligated Party disposing of such property
certifies to the Administrative Agent that the sale or disposition is made in compliance with Section 7.9 (and the Administrative Agent may rely conclusively on any such certificate, without further inquiry), (iii) constituting property in
which no Obligated Party owned any interest at the time the Lien was granted or at any time thereafter, or (iv) constituting property leased to an Obligated Party under a lease which has expired or been terminated in a transaction permitted under
this Agreement. 
  
 Section 2.11 Amendment to
Section 13.22 of the Credit Agreement. Effective as of the Amendment Date, Section 13.22 of the Credit Agreement is hereby amended and restated to read in its entirety as follows: 
  
 Section 13.22 Additional Borrowers and Guarantors.
Addition of any Person as a Borrower or a Guarantor to this Agreement is subject to approval of the Majority Lenders, and may be conditioned upon such requirements as they may determine in their discretion, including, without limitation, (a) the
furnishing of such financial and other information as the Administrative Agent or any such Lender may request, (b) approval by all appropriate approval authorities of each such Lender, and (c) execution and delivery by the Obligated Parties, such
Person, the Administrative Agent, and the Majority Lenders of such agreements and other documentation (including, without limitation, an amendment to this Agreement or any other Loan Document), and the furnishing by such Person or any of the
Obligated Parties of such certificates, opinions, and other documentation, as the Administrative Agent and any such Lender may request. No Lender shall have any obligation to approve any such Person for addition as a party to this Agreement.

  

 FIRST AMENDMENT TO CREDIT AGREEMENT - Page 5 

 Section 2.12 Amendment to Annex A of the Credit Agreement. Effective as of the Amendment Date,
Annex A of the Credit Agreement is hereby amended as follows. 
  
 (a) The definition of “Bank Product Reserves” in Annex A is hereby amended and restated to read in its entirety as follows: 
  
 “Bank Product Reserves” means (a) the Interest Hedge Reserve and (b) all other reserves
which the Administrative Agent from time to time establishes in its reasonable credit judgment for the other Bank Products then provided or outstanding; provided that without limiting the foregoing, (x) the Administrative Agent shall not be
required to establish any Bank Product Reserve with respect to any Bank Products provided by any Lender (or any of its Affiliates) for which the applicable Lender has not requested that the Administrative Agent establish a Reserve with respect
thereto in advance of actually providing such Bank Products to the Obligated Parties, (y) the amount of any Bank Product Reserve requested by any Lender shall accurately reflect such Lender’s estimate of the obligations of the applicable
Obligated Party for such Bank Products, and (z) the Administrative Agent shall not be responsible for adjusting the amount of any Bank Product Reserve from time to time without notice from the applicable Lender to make any such adjustment.

  
 (b) A new definition, “Interest Hedge
Reserve,” is inserted in Annex A in alphabetical order and shall read in its entirety as follows: 
  
 “Interest Hedge Reserve” means a Reserve (such Reserve constituting a Bank Product Reserve) established with respect to a
Hedge Agreement which limits or fixes interest payable by the Obligated Parties equal to (a) at any time Availability (after giving effect to all Reserves) is greater than or equal to $40,000,000, the amount by which the net mark-to-market exposure
exceeds $5,000,000 and (b) at any time Availability (after giving effect to all Reserves) is less than $40,000,000, the amount of the net mark-to-market exposure. For purposes of this definition, “net mark-to-market exposure” means, as of
any date, the aggregate net payment obligations of the Obligated Parties with respect to all Hedge Agreements, whether one or more, entered into between one or more of the Obligated Parties and any of the Lenders with respect to any interest payable
pursuant to this Agreement or under the Senior Notes if such Hedge Agreements were terminated as of such date. 
  
 (c) The definition of “Obligations” in Annex A of the Credit Agreement is hereby amended and restated to read in its
entirety as follows: 
  
 “Obligations” means all present and future loans, advances, liabilities, obligations, covenants, duties, and debts owing by the Obligated Parties, or any of them, to the Administrative Agent and/or any Lender, arising under
or pursuant to this Agreement or any of the other 

  

 FIRST AMENDMENT TO CREDIT AGREEMENT - Page 6 

 
Loan Documents, whether or not evidenced by any note, or other similar instrument or document, whether arising from an extension of credit, opening of a
letter of credit, loan, guaranty, indemnification, or otherwise, whether direct or indirect, absolute or contingent, due or to become due, primary or secondary, as principal or guarantor, and including all principal, interest, charges, expenses,
fees, attorneys’ fees, filing fees, and any other sums chargeable to any Obligated Party hereunder or under any of the other Loan Documents (subject to the limitation in clause “seventh” of Section 3.7). “Obligations”
includes, without limitation, (a) all debts, liabilities, and obligations now or hereafter arising from or in connection with the Letters of Credit and (b) all debts, liabilities, and obligations now or hereafter arising from or in connection with
Bank Products (subject to the limitation in clause “seventh” of Section 3.7). 
  
 Section 2.13 Amendment to Section 2.10 of the Security Agreements. Effective as of the Amendment Date, each reference in Section 2.10 of the Security Agreements to “Dominion Termination Event”
shall be amended to read “Dominion Termination Period”. 
  
 ARTICLE 3 
  
 Conditions 
  
 Section 3.1 Conditions Precedent. The effectiveness of this Amendment
is subject to the satisfaction of each of the following conditions precedent: 
  
 (a) The Administrative Agent shall have received all of the following, each dated the date of this Amendment (unless otherwise indicated), in form and substance satisfactory to the Administrative Agent: 
  
 (i) Amendment Documents. This Amendment and any other
instrument, document, or certificate reasonably required by the Administrative Agent to be executed or delivered by the Obligated Parties in connection with this Amendment, in each case duly executed (the “Amendment Documents”);

  
 (ii) Additional Information. The
Administrative Agent shall have received such additional documents, instruments, and information as the Administrative Agent may reasonably request to effect the transactions contemplated hereby; and 
  
 (iii) Expenses. The Borrowers shall have paid to the
Administrative Agent all fees, costs, and expenses owed to and/or incurred by the Administrative Agent in connection with the Credit Agreement or this Amendment. 
  
 (b) The representations and warranties contained herein, in the Credit Agreement and in all other Loan
Documents, as amended hereby, shall be true and correct in all material respects as of the date hereof as if made on the date hereof except for such representations and warranties limited by their terms to a specific date. 
  

 FIRST AMENDMENT TO CREDIT AGREEMENT - Page 7 

 (c) All corporate proceedings taken in connection with the transactions contemplated by
this Amendment and all other agreements, documents, and instruments executed and/or delivered pursuant hereto, and all legal matters incident thereto, shall be satisfactory to Administrative Agent; and 
  
 (d) No Default or Event of Default shall be in existence
after giving effect to this Amendment. 
  
 ARTICLE 4

  
 Miscellaneous 
  
 Section 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 and the other Loan
Documents are ratified and confirmed and shall continue in full force and effect. Each of the Obligated Parties, the Administrative Agent, and the Lenders agree that the Credit Agreement as amended hereby and the other Loan Documents shall continue
to be legal, valid, binding, and enforceable in accordance with their respective terms. 
  
 Section 4.2 Representations and Warranties. Each Obligated Party hereby represents and warrants to the Administrative Agent and the Lenders that, as of the date of and after giving effect to this Amendment, (a)
the execution, delivery, and performance of this Amendment and any and all other Amendment Documents executed and/or delivered in connection herewith have been authorized by all requisite action on the part of such Obligated Party and will not
violate such Obligated Party’s organizational or governing document, (b) the representations and warranties contained in the Credit Agreement and in the other Loan Documents are true and correct on and as of the date hereof, in all material
respects, as if made again on and as of the date hereof except for such representations and warranties limited by their terms to a specific date, and (c) after giving effect to this Amendment, no Default or Event of Default exists. 
  
 Section 4.3 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 any Lender, or any closing, shall affect the representations and warranties or the right of the Administrative Agent and the Lenders to rely upon them. 
  
 Section 4.4 Reference to Credit Agreement. Each of the Loan Documents,
including the Credit Agreement, the Amendment Documents, 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, whether direct or indirect, shall mean a reference to the Credit Agreement as amended hereby. 
  

 FIRST AMENDMENT TO CREDIT AGREEMENT - Page 8 

 Section 4.5 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. 
  
 Section 4.6 Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA AND THE APPLICABLE LAWS OF THE U.S. 
  
 Section 4.7 Successors and Assigns. This Amendment is binding upon and shall inure to the benefit of the Obligated Parties, the Administrative
Agent, and the Lenders and their respective successors and assigns, except no Obligated Party may assign or transfer any of its respective rights or obligations hereunder without the prior written consent of the Lenders. 
  
 Section 4.8 Counterparts. This Amendment may be executed in one or
more counterparts, and on telecopy counterparts each of which when so executed shall be deemed to be an original, but all of which when taken together shall constitute one and the same agreement. 
  
 Section 4.9 Headings. The headings, captions, and arrangements used in
this Amendment are for convenience only and shall not affect the interpretation of this Amendment. 
  
 Section 4.10 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] 
  

 FIRST AMENDMENT TO CREDIT AGREEMENT - Page 9 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized
officers in several counterparts effective as of the Effective Date specified in the preamble hereof. 
  

	 OBLIGATED PARTIES:

	
	 TEXAS INDUSTRIES, INC.

		
	 By:
	 	 /s/      Kenneth R. Allen

	 Name:
	 	 Kenneth R. Allen

	 Title:
	 	 Vice President & Treasurer

	
	 TXI OPERATIONS, LP

			
	 	 	 By:
	 	 TXI OPERATING TRUST,

	 	 	 	 	 general partner

				
	 	 	 	 	 By:
	 	 /s/      Kenneth R. Allen

	 	 	 	 	 Name:
	 	 Kenneth R. Allen

	 	 	 	 	 Title:
	 	 Vice President & Treasurer

	
	 RIVERSIDE CEMENT COMPANY

		
	 By:
	 	 /s/      Kenneth R. Allen

	 Name:
	 	 Kenneth R. Allen

	 Title:
	 	 Assistant General Manager—Treasurer

	
	 CHAPARRAL STEEL MIDLOTHIAN, LP

			
	 	 	 By:
	 	 CHAPARRAL STEEL

	 	 	 	 	 TEXAS, INC.,

	 	 	 	 	 general partner

				
	 	 	 	 	 By:
	 	 /s/      Kenneth R. Allen

	 	 	 	 	 Name:
	 	 Kenneth R. Allen

	 	 	 	 	 Title:
	 	 Vice President & Treasurer

  

 FIRST AMENDMENT TO CREDIT AGREEMENT - Page 10 

	 CHAPARRAL (VIRGINIA) INC.

		
	 By:
	 	 /s/       Kenneth R. Allen

	 Name:
	 	 Kenneth R. Allen

	 Title:
	 	 Vice President & Treasurer

  

 FIRST AMENDMENT TO CREDIT AGREEMENT - Page 11 

	 ADMINISTRATIVE AGENT:

	
	 BANK OF AMERICA, N.A.

		
	 By:
	 	 /s/      T. Eggertsen

	 Name:
	 	 Todd Eggertsen

	 Title:
	 	 Asst. Vice President

	
	 LENDERS:

	
	 BANK OF AMERICA, N.A.

		
	 By:
	 	 /s/      T. Eggertsen

	 Name:
	 	 Todd Eggertsen

	 Title:
	 	 Asst. Vice President

  
  

 FIRST AMENDMENT TO CREDIT AGREEMENT - Page 12 

 ANNEX A 
 TO 
 FIRST AMENDMENT TO CREDIT AGREEMENT 
  
 Revised Cover Page of the Credit Agreement 
  
  

 ANNEX A - Cover Page 

  
  
  
  
  
  
 CREDIT AGREEMENT 
  
 Dated as of June 6, 2003 
  
 among 
  
 THE FINANCIAL INSTITUTIONS NAMED HEREIN, 
 as the Lenders, 
  
 BANK OF AMERICA, N.A., 
 as the Administrative Agent, 
  
 TEXAS INDUSTRIES, INC., 
 as an Obligated Party, 
  
 and 
  
 TXI OPERATIONS, LP, 
 RIVERSIDE CEMENT COMPANY,

 CHAPARRAL STEEL MIDLOTHIAN, LP 
 and 
 CHAPARRAL (VIRGINIA) INC., 
 as the Borrowers 
  
  
  
  
 BANC OF AMERICA SECURITIES LLC 
 Lead Arranger and Book Manager 
  
 WELLS FARGO FOOTHILL, LLC 
 Syndication Agent

  
 JPMORGAN CHASE BANK 
 Documentation Agent

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}]]