Document:

EX-4.1

 Exhibit 4.1 

VULCAN MATERIALS COMPANY 

and 
 REGIONS BANK,

 as Trustee 

SIXTH SUPPLEMENTAL INDENTURE 

Dated as of March 14, 2017 

to 
 SENIOR DEBT
INDENTURE 
 Dated as of December 11, 2007 

3.90% Notes due 2027 

 Exhibit 4.1 

TABLE OF CONTENTS 
  

							
	 	  	 	  	Page	 
	ARTICLE ONE	 
	DEFINITIONS	 
			
	Section 101.	  	 Definition of Terms
	  	 	1	 
	
	ARTICLE TWO	 
	GENERAL TERMS AND CONDITIONS OF THE 2027 NOTES	 
			
	Section 201.	  	 Designation and Principal Amount
	  	 	3	 
	Section 202.	  	 Maturity
	  	 	3	 
	Section 203.	  	 Further Issues
	  	 	3	 
	Section 204.	  	 Form and Payment
	  	 	3	 
	Section 205.	  	 Global Securities
	  	 	3	 
	Section 206.	  	 Definitive Form
	  	 	4	 
	Section 207.	  	 Interest
	  	 	4	 
	Section 208.	  	 Authorized Denominations
	  	 	4	 
	Section 209.	  	 Redemption
	  	 	4	 
	Section 210.	  	 Change of Control
	  	 	4	 
	Section 211.	  	 Appointment of Agents
	  	 	6	 
	Section 212.	  	 Securities Filings
	  	 	6	 
	
	ARTICLE THREE	 
	FORM OF NOTES	 
			
	Section 301.	  	 Form of 2027 Notes
	  	 	8	 
	
	ARTICLE FOUR	 
	ORIGINAL ISSUE OF NOTES	 
			
	Section 401.	  	 Original Issue of 2027 Notes
	  	 	8	 
	
	ARTICLE FIVE	 
	MISCELLANEOUS	 
			
	Section 501.	  	 Ratification of Indenture
	  	 	8	 
	Section 502.	  	 Trustee Not Responsible for Recitals
	  	 	8	 
	Section 503.	  	 Governing Law
	  	 	8	 
	Section 504.	  	 Separability
	  	 	8	 
	Section 505.	  	 Counterparts
	  	 	9	 
			
	EXHIBIT A	  	 Form of 2027 Notes
	  	 	A-1	 

  
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 SIXTH SUPPLEMENTAL INDENTURE, dated as of March 14, 2017 (this “Supplemental
Indenture”), between Vulcan Materials Company, a corporation duly organized and existing under the laws of the State of New Jersey, having its principal office at 1200 Urban Center Drive, Birmingham, Alabama 35242 (the
“Company”), and Regions Bank, an Alabama banking corporation, as trustee (the “Trustee”). 
 WHEREAS, the
Company executed and delivered the Senior Debt Indenture, dated as of December 11, 2007, to Wilmington Trust Company, as initial trustee (succeeded by Regions Bank) (as heretofore supplemented, the “Indenture”), to provide for
the issuance of the Company’s notes or other evidences of indebtedness (the “Securities”), to be issued in one or more series; 

WHEREAS, pursuant to the terms of the Indenture, the Company desires to provide for the establishment of a new series of its notes under the
Indenture to be known as its “3.90% Notes due 2027” (the “2027 Notes”), the form and substance of such series and the terms, provisions and conditions thereof to be set forth as provided in the Indenture and this
Supplemental Indenture; 
 WHEREAS, the Board of Directors of the Company (the “Board”) on February 10, 2017, and the
Pricing Committee appointed by the Board (which such appointment occurred on February 10, 2017) on March 9, 2017, have duly adopted resolutions, and through such resolutions have duly authorized (i) the issuance of the 2027 Notes, and
(ii) the proper officers of the Company to execute any and all appropriate documents necessary or appropriate to effect such issuance; 

WHEREAS, this Supplemental Indenture is being entered into pursuant to the provisions of Article Two and Section 901(7) of the Indenture;

 WHEREAS, the Company has requested that the Trustee execute and deliver this Supplemental Indenture; and 

WHEREAS, all things necessary to make this Supplemental Indenture a valid agreement of the Company, in accordance with its terms, and to make
the 2027 Notes, when executed by the Company and authenticated and delivered by the Trustee or an authentication agent, the valid obligations of the Company, have been performed, and the execution and delivery of this Supplemental Indenture has been
duly authorized in all respects; 
 NOW THEREFORE, in consideration of the premises and the purchase and acceptance of the 2027 Notes by the
Holders thereof, and for the purpose of setting forth, as provided in the Indenture, the forms and terms of the 2027 Notes, the Company covenants and agrees, with the Trustee, as follows: 

ARTICLE ONE 
 DEFINITIONS

 Section 101. Definition of Terms. 

Unless the context otherwise requires: 

(a) each term defined in the Indenture has the same meaning when used in this Supplemental Indenture; 

  

 (b) the singular includes the plural and vice versa; and 

(c) headings are for convenience of reference only and do not affect interpretation. 

“Change of Control” means the occurrence of any of the following: (1) the consummation of any transaction (including,
without limitation, any merger or consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) (other than the Company or one of its subsidiaries) becomes the beneficial owner (as
defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the Voting Stock of the Company or other Voting Stock into which
the Voting Stock of the Company is reclassified, consolidated, exchanged or changed, measured by voting power rather than number of shares; (2) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger
or consolidation), in one or more series of related transactions, of all or substantially all of the assets of the Company and the assets of its subsidiaries, taken as a whole, to one or more Persons (other than the Company or one of its
subsidiaries); or (3) the first day on which a majority of the members of the Board of Directors of the Company is composed of members who are not Continuing Directors. Notwithstanding the foregoing, a transaction will not be deemed to involve
a Change of Control if (1) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company and (2)(A) the direct or indirect holders of the Voting Stock of such holding company immediately following that transaction are
substantially the same as the holders of the Voting Stock of the Company immediately prior to that transaction or (B) immediately following that transaction no person (other than a holding company satisfying the requirements of this sentence)
is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of such holding company. 
 “Continuing
Directors” means, as of any date of determination, any member of the Company’s Board of Directors who (1) was a member of such Board of Directors on the date of this Supplemental Indenture or (2) was nominated for election,
elected or appointed to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination, election or appointment (either by a specific vote or by approval
of the Company’s proxy statement in which such member was named as a nominee for election as a director, without objection to such nomination). 

“Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating categories
of Moody’s); a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P); and the equivalent investment grade credit rating from any additional Rating Agency
or Rating Agencies selected by the Company. 
 “Moody’s” means Moody’s Investors Service, Inc. 

  
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 “Rating Agency” means in respect of any series of Securities (a) each of
Moody’s and S&P; and (b) if either of Moody’s or S&P ceases to rate the Securities of such series or fails to make a rating of the Securities of such series publicly available for reasons outside of the Company’s control,
a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) under the Exchange Act, selected by the Company and certified by the Company’s Board of Directors as a replacement agency for the agency
that ceased such rating or failed to make it publicly available. 
 “S&P” means Standard & Poor’s Ratings
Services, a division of The McGraw-Hill Companies, Inc. 
 “Voting Stock” of any specified “person” (as that term
is used in Section 13(d)(3) of the Exchange Act) as of any date means the capital stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person. 

ARTICLE TWO 
 GENERAL
TERMS AND CONDITIONS OF THE 2027 NOTES 
 Section 201. Designation and Principal Amount. 

There is hereby authorized and established a series of Securities under the Indenture, designated as the “3.90% Notes due 2027”,
which is not limited in aggregate principal amount. The aggregate principal amount of the 2027 Notes to be issued shall be as set forth in any Company Order for the authentication and delivery of the 2027 Notes, pursuant to Section 303 of the
Indenture. 
 Section 202. Maturity. 

The Stated Maturity of principal for the 2027 Notes will be April 1, 2027. 

Section 203. Further Issues. 

The Company may from time to time, without the consent of the Holders of the 2027 Notes, issue additional notes of that series. Any such
additional notes will have the same ranking, interest rate, maturity date and other terms as the 2027 Notes. Any such additional notes, together with the 2027 Notes herein provided for, will constitute a single series of Securities under the
Indenture. 
 Section 204. Form and Payment. 

Principal of, premium, if any, and interest on the 2027 Notes shall be payable in U.S. dollars. 

Section 205. Global Securities. 

Upon the original issuance, the 2027 Notes will be represented by one or more Global Securities registered in the name of Cede & Co.,
the nominee of the Depository Trust Company (“DTC”). The Company will issue the 2027 Notes in denominations of $2,000.00 and integral multiples of $1,000.00 in excess thereof and will deposit the Global Securities with DTC or its
custodian and register the Global Securities in the name of Cede & Co. 

  
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 Section 206. Definitive Form. 

If (a) the Depositary is at any time unwilling or unable to continue as depositary or ceases to be a registered clearing agency and, in
either case, a successor depositary is not appointed by the Company within 90 days of notice thereof, (b) an Event of Default has occurred with regard to the 2027 Notes and has not been cured or waived, or (c) the Company at any time and
in its sole discretion determines not to have the 2027 Notes represented by Global Securities, the Company may issue the 2027 Notes in definitive form in exchange for such Global Securities. In any such instance, an owner of a beneficial interest in
2027 Notes will be entitled to physical delivery in definitive form of 2027 Notes, equal in principal amount to such beneficial interest and to have 2027 Notes registered in its name as shall be established in a Company Order. 

Section 207. Interest. 

The 2027 Notes will bear interest (computed on the basis of a 360-day year consisting of twelve 30-day months) from March 14, 2017 at the rate of 3.90% per annum, payable semiannually; interest payable on each Interest Payment Date will include interest accrued from March 14, 2017, or from the most
recent Interest Payment Date to which interest has been paid or duly provided for; the Interest Payment Dates on which such interest shall be payable are April 1 and October 1, commencing on October 1, 2017; and the record date for
the interest payable on any Interest Payment Date is the close of business on March 15 or September 15 (whether or not such day is a Business Day), as the case may be, next preceding the relevant Interest Payment Date. 

Section 208. Authorized Denominations. 

The 2027 Notes shall be issuable in denominations of $2,000.00 and integral multiples of $1,000.00 in excess thereof. 

Section 209. Redemption. 

The 2027 Notes are subject to redemption at the option of the Company as set forth in the form of 2027 Note attached hereto as Exhibit
A. 
 Section 210. Change of Control. 

(a) Upon the occurrence of a 2027 Change of Control Repurchase Event (as defined below), unless the Company has exercised its right to redeem
all 2027 Notes in accordance with the redemption terms as set forth in the 2027 Notes or has defeased the 2027 Notes as set forth in the 2027 Notes, the Company shall make an irrevocable offer to each Holder of 2027 Notes to repurchase all or any
part (equal to or in excess of $2,000.00 and in integral multiples of $1,000.00) of such Holder’s 2027 Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of 2027 Notes repurchased plus accrued and unpaid
interest, if any, on the 2027 Notes repurchased to, but not including, the date of repurchase. 

  
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 (b) Within 30 days following any 2027 Change of Control Repurchase Event or, at the
Company’s option, prior to any Change of Control, but in either case, after the public announcement of such Change of Control, the Company shall mail, or shall cause to be mailed, to each Holder of 2027 Notes, with a copy to the Trustee, a
notice: 
  

	 	(i)	describing the transaction or transactions that constitute or may constitute the 2027 Change of Control Repurchase Event; 

  

	 	(ii)	offering to repurchase all 2027 Notes tendered; 

  

	 	(iii)	setting forth the payment date (the “2027 Change of Control Payment Date”) for the repurchase of the 2027 Notes, which date will be no earlier than 30 days and no later than 60 days from the date such
notice is mailed; 

  

	 	(iv)	if mailed prior to the date of consummation of the Change of Control, stating that the offer to repurchase is conditioned on a 2027 Change of Control Repurchase Event occurring on or prior to the 2027 Change of Control
Payment Date specified in such notice; 

  

	 	(v)	disclosing that any 2027 Note not tendered for repurchase will continue to accrue interest; and 

  

	 	(vi)	specifying the procedures for tendering 2027 Notes. 

 (c) The Company shall comply with the
requirements of Rule 14e-1 under the Exchange Act, and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the 2027
Notes as a result of a 2027 Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the 2027 Change of Control Repurchase Event provisions of the 2027 Notes, the Company will comply
with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the 2027 Change of Control Repurchase Event provisions of the 2027 Notes by virtue of such conflict. 

(d) On the 2027 Change of Control Payment Date, the Company shall, to the extent lawful: 

 

	 	(i)	accept for payment all 2027 Notes or portions thereof properly tendered pursuant to such offer; 

  

	 	(ii)	deposit with the Paying Agent an amount equal to the aggregate purchase price in respect of all 2027 Notes or portions thereof properly tendered; and 

 

	 	(iii)	deliver or cause to be delivered to the Trustee the 2027 Notes properly accepted, together with an Officers’ Certificate of the Company stating the aggregate principal amount of 2027 Notes or portions thereof being
repurchased by the Company. 

  
 -5- 

 (e) Upon receipt of the required funds, the Paying Agent will promptly distribute to each Holder
of 2027 Notes properly tendered the purchase price for such 2027 Notes deposited with the Paying Agent by the Company, the Company will execute and the Trustee, upon the execution and delivery by the Company of such 2027 Notes, will promptly
authenticate and deliver (or cause to be transferred by book-entry) to each Holder a new 2027 Note equal in principal amount to any unpurchased portion of any 2027 Notes surrendered; provided that each new 2027 Note will be in a principal amount of
an integral multiple of $1,000.00. 
 (f) The Company shall not be required to make an offer to repurchase the 2027 Notes upon a 2027 Change
of Control Repurchase Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and such third party purchases all 2027 Notes properly tendered and not
withdrawn under its offer. In addition, the Company shall not repurchase any 2027 Notes if there has occurred and is continuing on the 2027 Change of Control Payment Date an Event of Default in respect of any series of notes under the Indenture,
other than a default in the payment of all or any portion of the aggregate purchase price in respect of all 2027 Notes or portions thereof properly tendered in connection with a 2027 Change of Control Repurchase Event. 

(g) Solely for purposes of this Section 210 in connection with the 2027 Notes, the following terms shall have the following meanings:

 “2027 Below Investment Grade Ratings Event” means that on any day commencing 60 days prior to the first public
announcement by the Company of any Change of Control (or pending Change of Control) and ending 60 days following consummation of such Change of Control (which period will be extended following consummation of a Change of Control for up to an
additional 60 days for so long as either of the Rating Agencies has publicly announced that it is considering a possible ratings change), the 2027 Notes are downgraded to a rating that is below Investment Grade by each of the Rating Agencies
(regardless of whether the rating prior to such downgrade was Investment Grade or below Investment Grade). 
 “2027 Change of
Control Repurchase Event” means the occurrence of both a Change of Control and a 2027 Below Investment Grade Ratings Event. 

Section 211. Appointment of Agents. 

Regions Bank will initially be the Security Registrar and Paying Agent for the 2027 Notes and will act as such only at its offices at Regions
Bank, Corporate Trust Department, 1900 5th Avenue North, 25th Floor, Birmingham, Alabama 35203; or any other address that the Securities
Registrar and Paying Agent may designate with respect to itself from time to time by notice to the Trustee, the Company and the Holders. 

Section 212. Securities Filings. 

(a) Notwithstanding that the Company is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act or is otherwise
required to report on an annual and quarterly basis on forms provided for in those annual and quarterly reporting pursuant to rules and regulations promulgated by the Commission, so long as the 2027 Notes are outstanding

  
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(unless defeased in a legal defeasance), the Company will (x) file with the Commission (unless the Commission will not accept such filing), and (y) make available to the Trustee and,
upon written request, the Holders of the 2027 Notes, without cost to any such Holder, from the date that the 2027 Notes are issued: 
  

	 	(i)	within the time periods specified by the Exchange Act (including all applicable extension periods), an annual report on Form 10-K (or any successor or comparable form) containing
the information required to be contained therein (or required in such successor or comparable form); and 

  

	 	(ii)	within the time periods specified by the Exchange Act (including all applicable extension periods), a quarterly report on Form 10-Q (or any successor or comparable form)
containing the information required to be contained therein (or required in such successor or comparable form). 

 (b) In the
event that the Company is not permitted to file its annual or quarterly reports with the Commission pursuant to the Exchange Act, the Company shall nevertheless make available such Exchange Act reports to the Trustee and the Holders of the 2027
Notes as if the Company was subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act within the time periods specified by the Exchange Act (including all applicable extension periods), which requirement may be satisfied
by posting such reports on the Company’s website within the applicable time periods specified in Sections 212(a)(i) and (a)(ii) above. 

(c) Notwithstanding the foregoing, the availability of the reports referred to in Sections 212(a)(i) and (a)(ii) above on the
Commission’s Electronic Data Gathering, Analysis and Retrieval system (or any successor system, including the Commission’s Interactive Data Electronic Application system) and the Company’s website within the applicable time periods
specified in Sections 212(a)(i) and (a)(ii) above will be deemed to satisfy the delivery obligations under this Section 212. 
 (d)
Delivery of reports, information and documents to the Trustee and, if applicable, to the Security Registrar and Paying Agent is for informational purposes only and their respective receipt of such reports shall not constitute constructive notice of
any information contained therein or determinable from information contained therein, including the Company’s or any other Person’s compliance with any of its covenants under the Indenture, the Supplemental Indenture or the 2027 Notes (as
to which the Trustee, Security Registrar and Paying Agent are entitled to rely exclusively on Officers’ Certificates). None of the Trustee, the Security Registrar or Paying Agent shall be obligated to monitor or confirm, on a continuing basis
or otherwise, the Company’s or any other Person’s compliance with the covenants described herein or with respect to any reports or other documents filed under the Indenture or the Supplemental Indenture. 

  
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 ARTICLE THREE 

FORM OF NOTES 

Section 301. Form of 2027 Notes. 

The 2027 Notes and the Trustee’s Certificate of Authentication to be endorsed thereon are to be substantially in the form set forth in
Exhibit A hereto. 
 ARTICLE FOUR 

ORIGINAL ISSUE OF NOTES 

Section 401. Original Issue of 2027 Notes. 

The 2027 Notes may, upon execution of this Supplemental Indenture, be executed by the Company and delivered to the Trustee for authentication,
and the Trustee shall, upon Company Order, authenticate and deliver such 2027 Notes as in such Company Order provided. 
 ARTICLE FIVE

 MISCELLANEOUS 

Section 501. Ratification of Indenture. 

The Indenture, as supplemented by this Supplemental Indenture, is in all respects ratified and confirmed, and this Supplemental Indenture shall
be deemed part of the Indenture in the manner and to the extent herein and therein provided; provided that the provisions of this Supplemental Indenture apply solely with respect to the 2027 Notes. 

Section 502. Trustee Not Responsible for Recitals. 

The recitals herein contained are made by the Company and not by the Trustee, and the Trustee assumes no responsibility for the correctness
thereof. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture. 
 Section 503.
Governing Law. 
 This Supplemental Indenture and each 2027 Note shall be governed by and construed in accordance with the laws of the
State of New York. 
 Section 504. Separability. 

In case any one or more of the provisions contained in this Supplemental Indenture or the 2027 Notes shall for any reason be held to be
invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Supplemental Indenture or of the 2027 Notes, but this Supplemental Indenture and the 2027 Notes shall be
construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein. 

  
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 Section 505. Counterparts. 

This Supplemental Indenture may be executed in any number of counterparts each of which shall be an original; but such counterparts shall
together constitute but one and the same instrument. 

  
 -9- 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed, all as of the day and year first above written. 
  

			
	VULCAN MATERIALS COMPANY
		
	By:	 	 /s/ C. Wes Burton, Jr.

		 	Name: C. Wes Burton, Jr.
		 	Title:   Vice President and Treasurer
	
	 REGIONS BANK,
as Trustee

		
	By:	 	 /s/ Patti Maner

		 	Name: Patti Maner
		 	Title:   Vice President

 Acknowledged: 
  

			
	 REGIONS BANK,
as Paying Agent and Security Registrar

		
	By:	 	 /s/ Carmen J. Kilgore

		 	Name: Carmen J. Kilgore
		 	Title:   Vice President

 [Signature Page to Sixth Supplemental Indenture] 

  

 EXHIBIT A 

FORM OF 2027 NOTES 
 [THIS SECURITY IS
A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE
DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND NO TRANSFER OF THIS SECURITY (EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR
ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH NAME AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.] 
 VULCAN MATERIALS COMPANY

 3.90% NOTE DUE 2027 
  

			
	 No.
                                
	 	$
		 	CUSIP No. [        ]

 Vulcan Materials Company, a corporation duly organized and existing under the laws of New Jersey (herein
called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal sum of
                     Dollars on April 1, 2027, and to pay interest thereon from March 14, 2017, or from the most recent Interest
Payment Date to which interest has been paid or duly provided for, semi-annually on April 1 and October 1 in each year, commencing October 1, 2017 at the rate of 3.90% per annum, until the principal hereof is paid or made available
for payment, and (to the extent that the payment of such interest shall be legally enforceable) at the rate of 3.90% per annum on any overdue principal and premium and on any overdue installment of interest. The interest so payable, and punctually
paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date
for such interest, which shall be 

  
 A-1 

 
the March 15 or September 15 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided
for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date
for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner
not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 

Payment of the principal of (and premium, if any) and interest on this Security will be made at the office or agency of the Company maintained
for that purpose in New York, New York (or, at the option of the Company, payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register), in such coin or currency
of the United States of America as at the time of payment is legal tender for payment of public and private debts. 
 Reference is hereby
made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

Unless the certificate of authentication hereon has been executed by the Trustee or an authentication agent on its behalf referred to on the
reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 A-2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

Dated:
                                 

 

			
	 VULCAN MATERIALS COMPANY
  

	By:	 	  

		 	C. Wes Burton, Jr., Vice President and Treasurer

  

	
	 Attest:
  

 

	Jerry F. Perkins Jr., General Counsel and Secretary

 [Signature Page to Global Security] 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

			
	 REGIONS BANK,
as Trustee

 

	By:	 	  

	 	 	Authorized Officer

 [Signature Page to Global Security] 

 (FORM OF REVERSE OF 2027 NOTE) 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to
be issued in one or more series under a Senior Debt Indenture, dated as of December 11, 2007 (herein called the “Indenture”), as supplemented by the Sixth Supplemental Indenture, dated as of March 14, 2017, between the
Company and Regions Bank, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement
of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security
is one of the series designated on the face hereof. 
 At any time prior to January 1, 2027 (the “Par Call Date”), the
Securities are subject to redemption upon not less than 30 days’ nor more than 60 days’ notice by mail, as a whole or in part, at the election of the Company, at a redemption price equal to the greater of (i) one hundred percent
(100%) of the principal amount of the Securities and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Securities to be redeemed that would be due if such Securities matured on the Par Call
Date (exclusive of interest accrued on the Securities to be redeemed to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below), plus 25 basis points, and in each case, plus accrued and unpaid interest, if any, on the Securities being redeemed to, but not including, the Redemption Date,
but interest installments whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, of record at the close of business on the relevant Record Dates referred
to on the face hereof, all as provided in the Indenture. 
 In addition, at any time on or after the Par Call Date, the Securities are
subject to redemption in whole or in part, at the option of the Company, from time to time at a redemption price equal to one hundred percent (100%) of the aggregate principal amount of the Securities being redeemed, plus any accrued and unpaid
interest on the Securities being redeemed to, but not including, the Redemption Date, but interest installments whose Stated Maturity is on or prior to the Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor
Securities, of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture. 

The Independent Investment Banker (as defined below) will calculate the Redemption Price. 

“Comparable Treasury Issue” means the United States Treasury security selected by the Independent Investment Banker as having
a maturity comparable to the remaining term of the Securities to be redeemed (assuming, for this purpose, that the Securities matured on the Par Call Date) that would be used, at the time of selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities of comparable maturity with the remaining term of those Securities (assuming, for this purpose, that the Securities matured on the Par Call Date). 

  
 A-3 

 “Comparable Treasury Price” means, with respect to the Securities on any
Redemption Date, (i) the average of the four Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (ii) if the Independent Investment Banker obtains
fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Independent Investment
Banker” means one of the Reference Treasury Dealers appointed by the Trustee as directed by the Company. 
 “Reference
Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and the Securities on any Redemption Date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable
Treasury Issue for such Securities (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m. on the third Business Day preceding such
Redemption Date. 
 “Reference Treasury Dealer” means each of (i) a Primary Treasury Dealer (as defined below)
selected by U.S. Bancorp Investments, Inc., (ii) Wells Fargo Securities, LLC, and their respective successors and (iii) two Primary Treasury Dealers (as defined below) selected by the Company; provided, however, that if any of the foregoing
shall cease to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), the Company shall replace that former dealer with another Primary Treasury Dealer. 

“Treasury Rate” means, with respect to any Redemption Date, (1) the average of the yields in each statistical release
for the immediately preceding week designated “H.15” or any successor publication which is published by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities
adjusted to constant maturity under the caption “U.S. government securities—Treasury constant maturities—nominal,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or
after the remaining term of the Securities to be redeemed, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue will be determined and the Treasury Rate will be interpolated or extrapolated from such
yields on a straight line basis, rounding to the nearest month) or (2) if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per year equal to the
semi-annual equivalent yield-to-maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its
principal amount) equal to the Comparable Treasury Price for such Redemption Date. The Treasury Rate will be calculated on the third business day preceding the Redemption Date. 

In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed
portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. No Securities of a principal amount of $2,000 or less will be redeemed in part. 

In connection with any redemption of Securities, any such redemption may, at the Company’s discretion, be subject to one or more
conditions precedent. If such redemption is 

  
 A-4 

 
subject to satisfaction of one or more conditions precedent, the notice of such redemption shall state that, in the Company’s discretion, the Redemption Date may be delayed until such time
as any or all such conditions shall have been satisfied, or such redemption may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied by the Redemption Date, or by the Redemption Date
so delayed. 
 If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the
Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 
 The Indenture
contains provisions for defeasance at any time of (i) the entire indebtedness of the Company on this Security and (ii) certain restrictive covenants and other covenants and the related Events of Default, upon compliance by the Company with
certain conditions set forth therein, which provisions apply to this Security. In addition, upon the Company’s exercise of the option provided in Section 1301 of the Indenture to obtain a covenant defeasance with respect to this Security,
the Company shall be released from its obligations under Section 210 of the Sixth Supplemental Indenture (in addition to the Sections provided in Section 1303 of the Indenture) with respect to this Security on and after the date the
applicable conditions set forth in Section 1304 of the Indenture are satisfied. 
 The Indenture permits, with certain exceptions as
therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee
with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of
the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their
consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange
herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 Except as set forth in Article
Thirteen of the Indenture, no reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium
and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 
 As provided in the Indenture
and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the
principal of and any premium and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his
attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

  
 A-5 

 The Securities of this series are issuable only in registered form without coupons in
denominations of $2,000.00 and multiples of $1,000.00 thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this
series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge
shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

  
 A-6Exhibit 1011(b)

		
			Exhibit 10.11(b)
		

		
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			FIRST AMENDMENT
TO
 LOAN AND SECURITY AGREEMENT
		

		
			This First Amendment to Loan and Security Agreement (the “Amendment”) is entered into as of February 24, 2017, by and among Pacific Western Bank, a California state chartered bank (“PWB”), in its capacity as collateral agent (in such capacity, “Collateral Agent”), the Lenders listed on Schedule 1.1 of the Agreement (as defined below) or otherwise a party thereto from time to time, including PWB in its capacity as a Lender and Oxford Finance LLC, a Delaware limited liability company (each a “Lender” and collectively, the “Lenders”), and Aratana Therapeutics, Inc., a Delaware corporation (“Parent”) and Vet Therapeutics, Inc., a Delaware corporation (individually and collectively, jointly and severally, “Borrower”).
		

		
			RECITALS
		

		
			Collateral Agent, the Lenders, and Borrower are parties to that certain Loan and Security Agreement dated as of October 16, 2015 (as the same may from time to time be amended, modified, supplemented or restated, the “Agreement”).  The parties desire to amend the Agreement in accordance with the terms of this Amendment.
		

		
			NOW, THEREFORE, the parties agree as follows:
		

			
	
			
				 1)
			

			
	
			
			The following defined terms in Section 13.1 of the Agreement are hereby amended and restated, as follows:

		
			“Belgian Pledge Documents” is that certain Share Pledge Agreement and such other and further instruments and/or agreements reasonably deemed necessary by Collateral Agent to perfect the security interest in the Shares of the Belgian Subsidiary; all in form and content reasonably acceptable to Collateral Agent.
		

		
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			“Belgian Subsidiary” means Aratana Therapeutics NV, a private limited liability company organized under the laws of Belgium and a majority-owned Subsidiary of Parent.
		

		
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			“Foreign Subsidiary” is a Subsidiary that is not an entity organized under the laws of the United States, any state thereof or the District of Columbia, including without limitation, Belgian Subsidiary.
		

		
			﻿
		

			
	
			
				 2)
			

			
	
			
			A new subsection (j) is hereby added to the definition of “Permitted Indebtedness” in Section 13.1 of the Agreement, as follows:

		
			(j)Indebtedness of up to an aggregate of $500,000 (inclusive of any such Indebtedness previously consented to by the Lenders) at any time outstanding consisting of reimbursement obligations under surety bonds issued in connection with Borrower’s application for licenses to be issued by state pharmacy boards or similar bodies.
		

		

		

		 

 

		﻿
		

			
	
			
				 3)
			

			
	
			
			The defined term “Belgian Parent” and its definition in Section 13.1 of the Agreement are hereby deleted.

			
	
			
				 4)
			

			
	
			
			To induce Collateral Agent and Lenders to enter into this Amendment, Borrower hereby represents and warrants to Collateral Agent and Lenders as follows:

			
	
			
				 a)
			

			
	
			
			Immediately after giving effect to this Amendment (a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true, accurate, and complete in all material respects as of such date, and provided that any representation or warranty that contains a materiality qualification therein shall be true, accurate, and complete in all respects), and (b) no Event of Default has occurred and is continuing;

			
	
			
				 b)
			

			
	
			
			Borrower has the power and authority to execute and deliver this Amendment and to perform its obligations under the Agreement, as amended by this Amendment;

			
	
			
				 c)
			

			
	
			
			The organizational documents of Borrower delivered to Collateral Agent and Lenders on the Effective Date, or subsequent thereto, remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect;

			
	
			
				 d)
			

			
	
			
			The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Agreement, as amended by this Amendment, have been duly authorized;

			
	
			
				 e)
			

			
	
			
			The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Agreement, as amended by this Amendment, do not and will not contravene (a) any material law or regulation binding on or affecting Borrower, (b) any material contractual restriction with a Person binding on Borrower, (c) any material order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower;

			
	
			
				 f)
			

			
	
			
			The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision thereof, binding on Borrower except as has already been obtained; and

			
	
			
				 g)
			

			
	
			
			This Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights.

		 

 

			
	
			
				 5)
			

			
	
			
			Unless otherwise defined, all initially capitalized terms in this Amendment shall be as defined in the Agreement.  The Agreement, as amended hereby, shall be and remain in full force and effect in accordance with its respective terms and hereby is ratified and confirmed in all respects.  Except as expressly set forth herein, the execution, delivery, and performance of this Amendment shall not operate as a waiver of, or as an amendment of, any right, power, or remedy of Collateral Agent or Lenders under the Agreement, as in effect prior to the date hereof.  Borrower ratifies and reaffirms the continuing effectiveness of all agreements entered into in connection with the Agreement.

			
	
			
				 6)
			

			
	
			
			This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one instrument.

			
	
			
				 7)
			

			
	
			
			As a condition to the effectiveness of this Amendment, Collateral Agent shall have received, in form and substance satisfactory to Collateral Agent and each Lender, the following:

			
	
			
				 a)
			

			
	
			
			this Amendment, duly executed by each Borrower;

			
	
			
				 b)
			

			
	
			
			payment of all Lenders’ Expenses, including Collateral Agent’s and each Lender’s expenses for the documentation of this Amendment and any related documents, and any UCC, good standing or intellectual property search or filing fees, which Collateral Agent may debit from any of Borrower’s accounts at PWB; and

			
	
			
				 c)
			

			
	
			
			such other documents and completion of such other matters, as Collateral Agent and each Lender may reasonably deem necessary or appropriate.

		
			
		

		
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			[Remainder of page intentionally left blank]
		

		

		

		 

 

		
		

		
			IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the first date above written.
		

		
			BORROWER:
		

		
			﻿
		

			
					
						ARATANA THERAPEUTICS, INC.

				
	
					
						﻿

					
						By: __/s/ Steven St. Peter______________

				
	
					
						Name: _Steven St. Peter_______________

					
						Title:  _ President and CEO____________

				

		
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						VET THERAPEUTICS, INC.

				
	
					
						﻿

					
						By: ___/s/ Craig Tooman______________

				
	
					
						Name: __Craig Tooman_______________

					
						Title:  ___ Treasurer_______________

				

		
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			﻿
		

		
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						COLLATERAL AGENT:

					
						 

					
						pacific western Bank

				
	
					
						﻿

					
						By: ____/s/ Sean Noonan______________

				
	
					
						Name: ____Sean Noonan______________

					
						Title:  __Vice President________________

				

		
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			﻿
		

		
			LENDERS:
		

		
			﻿
		

			
					
						pacific western Bank

				
	
					
						﻿

					
						By: ____/s/ Sean Noonan______________

				
	
					
						Name: ____Sean Noonan______________

					
						Title:  __Vice President________________

				

		
			﻿
		

		
			﻿
		

			
					
						OXFORD FINANCE LLC

				
	
					
						By: __/s/ Mark Davis_________________

				
	
					
						Name: ___Mark Davis________________

					
						Title:  _VP – Finance, Secretary & Treasurer

				

		
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			[Signature Page to First Amendment to Loan and Security Agreement]
		

		
			﻿

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