EX-4.32.1 21 dex4321.htm
AMENDMENT NO.1 TO CONDITIONAL WAIVER AND EXTENSION AGREEMENT

EXHIBIT 4.32.1

AMENDMENT TO CONDITIONAL WAIVER AND EXTENSION
AGREEMENT

(1)

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

Ave. Ricardo Margáin Zozaya # 325

Col. Valle del Campestre

Garza García, N.L. 66265 México

(2)

CEMEX
España, S.A. (“CEMEX España”)

Hernández de Tejada, 1

28027 Madrid

Spain

29 June 2009

Dear Sirs

Amendment to Conditional Waiver and Extension Agreement

1.

We refer to:

(a)

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

(b)

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

2.

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

3.

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

(a)

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

(b)

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

(c)

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

4.

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

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

(a)

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

(b)

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

(c)

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

5.

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

(a)

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

(b)

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

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

6.

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

““Amendment Date” means the date on which
this Letter was amended by way of an amendment letter.

“Lender” means an Original Lender, a New
Lender or any other Lender that has already acceded to or accedes to this Letter
pursuant to a Lender Accession Letter.

2

“Master Override Agreement” means the
master override agreement to be entered into between, inter alios, CEMEX
Parent, CEMEX España, certain Lenders and any other relevant Financial Creditor
in respect of the restructuring of the Existing Facilities and any other
relevant facilities and financial accommodation provided by other Financial
Creditors of the Group.

“New Lender” means any Financial Creditor
that became a Lender under this Letter on the Amendment Date.

“Original Lender” means any Lender which
was a party to this Letter on and from 16 April 2009.”

7.

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

8.

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

9.

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

Paragraph (c) shall be amended as follows::

(a)

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

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

(b)

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

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

(i)

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

(ii)

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

(iii)

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

(iv)

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

3

(v)

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

(vi)

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

(vii)

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

(viii)

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

(ix)

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

(x)

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

(c)

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

(d)

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

10.

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

11.

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

12.

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

13.

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

Please sign and date below in agreement with this letter and return the
same [email-masked] and
[email-masked] on or before 5pm (New York time) on
Monday 22 June 2009.

Please sign below in agreement with this letter.

4

Yours faithfully,

Signed /s/ [illegible]

Director

Name of institution (please print): Australia and New Zealand Banking
Group Limited

5

Yours faithfully,

/s/ [illegible]

Signed [illegible]

Name of institution (please print): Banco Bilbao Vizcaya Argentaria, S.A.

/s/ Bosco Eguilior

Signed Bosco Eguilior

Name of institution (please print): Banco Bilbao Vizcaya Argentaria, S.A.

6

Yours faithfully,

/s/ Alejandro Cardenas Bortoni

Signed Alejandro Cardenas Bortoni

Apoderado

Name of institution (please print): BBVA Bancomer, S.A. Institución de
Banca Múltiple Grupo

Financiero BBVA Bancomer

/s/ Lorenzo [illegible] Elizondo

Signed Lorenzo [illegible] Elizondo

Apoderado

Name of institution (please print): BBVA Bancomer, S.A. Institución de
Banca Múltiple Grupo

Financiero BBVA Bancomer

7

Yours faithfully,

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

/s/ Rodolfo Hare

Signed Rodolfo Hare

Vice President

/s/ Christian Aguirre

Signed Christian Aguirre

Assistant Vice President

8

Yours faithfully,

/s/ [illegible]

Signed [illegible]

Attorney-in-fact

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

9

Yours faithfully,

/s/ [illegible]

Signed /s/ [illegible]

Name of institution (please print): Bank of America, N.A.

10

Yours faithfully,

/s/ Gustavo Muñiz

Signed Gustavo Muñiz

Name of institution (please print): Bank of America, N.A.

11

Yours faithfully,

/s/ Myles Kassin

Signed Myles Kassin

Director

Name of institution (please print): Barclays Bank
PLC

12

Yours faithfully,

/s/ Kathryn Quinn

Signed Kathryn Quinn

Managing Director

Name of institution (please print): BNP Paribas

/s/ Kristie Pellecchia

Signed Kristie Pellecchia

Vice President

Name of institution (please print): BNP Paribas

13

Yours faithfully,

/s/ Jesus [illegible]

Signed Jesus [illegible]

Name of institution (please print): Calyon

Yours faithfully,

/s/ Richard Teitelbaum

Signed Richard Teitelbaum

Name of institution (please print): Calyon

14

Yours faithfully,

/s/ [illegible]

Signed [illegible]

Name of institution (please print): Citibank International plc, Sucursal
en España

15

Yours faithfully,

/s/ Flavio Figueiredo

Signed Flavio Figueiredo

Managing Director

Name of institution (please print): Citibank, N.A. New York

16

Yours faithfully,

/s/ Ian McMillan

Signed Ian McMillan

Name of institution (please print): HSBC Bank plc

17

Yours faithfully,

/s/ [illegible]

Signed [illegible]

Name of institution (please print): HSBC Bank plc, Sucursal en España

18

Yours faithfully,

/s/ Victor Manuel Elizondo Arías

Signed Victor Manuel Elizondo Arías

Name of institution (please print): HSBC México, S.A., Institución de
Banca Múltiple, Grupo

Financiero HSBC

/s/ Victor Manuel Elizondo Arías

Signed Victor Manuel Elizondo Arías

Name of institution (please print): HSBC México, S.A., Institución de
Banca Multiple, Grupo

Financiero HSBC, acting through its Grand Cayman Branch

19

Yours
faithfully,

/s/ M.P.W. van
Klink

Signed M.P.W. van
Klink

Name of institution
(please print): ING Bank N.V. and its affiliates

Yours
faithfully,

/s/
[illegible]

Signed
[illegible]

Name of institution
(please print): ING Bank N.V. and its
affiliates

20

Yours
faithfully,

/s/ Miguel Estrada
Martí

Signed Miguel Estrada
Martí

Attorney-in-fact

Name of institution
(please print): ING Bank (México), SA, Institución de Banca
Multiple

Yours
faithfully,

/s/ José Carassó
Amaiz

Signed José Carassó
Amaiz

Director

Name of institution
(please print): ING Bank (México), SA, Institución de Banca
Multiple

21

Yours
faithfully,

/s/ Gustavo De
Rosa

Signed Gustavo De
Rosa

Name of institution
(please print): ING Belgium S.A., Sucursal en España

Yours
faithfully,

/s/ Christophe
Poos

Signed Christophe
Poos

Name of institution
(please print): ING Belgium S.A., Sucursal en
España

22

Yours
faithfully,

/s/ Pablo
Ogarrio

Signed Pablo
Ogarrio

Name of institution
(please print): JPMORGAN CHASE BANK, N.A.

23

Yours
faithfully,

/s/
[illegible]

Signed
[illegible]

Name of institution
(please print): The Royal Bank of Scotland plc

/s/
[illegible]

Signed
[illegible]

Name of institution
(please print): The Royal Bank of Scotland plc

24

Yours
faithfully,

/s/
[illegible]

Signed
[illegible]

Name of institution
(please print): ABN Amro Bank N.V., Sucursal en España

Yours
faithfully,

/s/
[illegible]

Signed
[illegible]

Name of institution
(please print): ABN Amro Bank N.V., Sucursal en
España

25

Yours
faithfully,

/s/ Jonathan
Smith

Signed Jonathan
Smith

Name of institution
(please print): Lloyds TSB Bank plc

26

Yours
faithfully,

/s/
[illegible]

Signed
[illegible]

Name of institution
(please print): Banco Español de Crédito, S.A.

/s/
[illegible]

27

Yours
faithfully,

/s/ Miguel
Otero

Signed Miguel
Otero

Name of institution
(please print): Fortis Bank SA, Sucursal en España

Yours
faithfully,

/s/ Jose
Sarasola

Signed Jose
Sarasola

Name of institution
(please print): Fortis Bank SA, Sucursal en
España

28

Yours
faithfully,

/s/
[illegible]

Signed
[illegible]

Name of institution
(please print): Instituto de Credito Oficial -
ICO

29

Yours
faithfully,

/s/ Berto
Nuvolone

Signed Berto
Nuvolone

Name of institution
(please print): WestLB AG

Yours
faithfully,

/s/ Raul
Calvo

Signed Raul
Calvo

Name of institution
(please print): WestLB AG

30

Yours
faithfully,

/s/
[illegible]

Signed
[illegible]

Name of institution
(please print): Scotiabank Europe plc

/s/
[illegible]

Signed
[illegible]

Name of institution
(please print): Scotiabank Europe plc

31

Yours
faithfully,

/s/ David
Noda

Signed David
Noda

Vice President and
Manager

Name of institution
(please print): The Bank of Tokyo-Mitsubishi UFJ, Ltd.

On behalf of The Bank
of Tokyo-Mitsubishi UFJ, Ltd., Sucursal en
España

32

Yours
faithfully,

/s/ Gina
Hoey

Signed Gina
Hoey

Vice
President

Name of institution
(please print): Bayerische Landesbank

Yours
faithfully,

/s/ Nikolai von
Mengden

Signed Nikolai von
Mengden

Senior Vice
President

Name of institution
(please print): Bayerische Landesbank

33

Yours
faithfully,

/s/
[illegible]

Signed
[illegible]

Name of institution
(please print): Deutsche Bank Luxembourg S.A.

/s/
[illegible]

Signed
[illegible]

Name of institution
(please print): Deutsche Bank Luxembourg S.A.

34

Yours faithfully,

/s/ Mario Campana

Signed Mario Campana

Name of institution (please print): Unicredit S.p.A. – Sucursal en España

/s/ Federico Pozzolo

Signed Federico Pozzolo

Name of institution (please print): Unicredit S.p.A. – Sucursal en España

35

Yours faithfully,

/s/ [illegible]

Signed [illegible]

Manager

Name of institution (please print): Bank of Ireland

/s/ [illegible]

Signed [illegible]

Senior Manager

Name of institution (please print): Bank of Ireland

36

Yours faithfully,

/s/ Marco Silvo Pizzi

Signed Marco Silvo Pizzi

Name of institution (please print): Intesa Sanpaolo S.p.A., Sucursal en
España

Yours faithfully,

/s/ Juan F Pontoni

Signed Juan F Pontoni

Name of institution (please print): Intesa Sanpaolo S.p.A., Sucursal en
España

37

Yours faithfully,

/s/ [illegible]

Signed [illegible]

Name of institution (please print): Caja de Ahorros y Monte de Piedad de
Madrid

/s/ [illegible]

Signed [illegible]

Name of institution (please print): Caja de Ahorros y Monte de Piedad de
Madrid

38

Yours faithfully,

/s/ Pierre Vincent

Signed Pierre Vincent

Directeur Corporate

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

39

Yours faithfully,

/s/ Brian Smith

Signed Brian Smith

Managing Director

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

/s/ Mark McGuigan

Signed Mark McGuigan

Vice President

40

Yours faithfully,

/s/ Diony Lebot

Signed Diony Lebot

Name of institution (please print): Société Générale

41

Yours faithfully,

/s/ Mr. Arturo Bermúdez Cachaza

Signed Mr. Arturo Bermúdez Cachaza

Head of Syndications

Name of institution (please print): Caixa Galicia

42

Yours faithfully,

/s/ Javier Micó

Signed Javier Micó

Name of institution (please print): IKB Deutsche Industriebank AG,
Sucursal en España

43

Yours faithfully,

/s/ Baltasar Suarez Llorente

Signed Baltasar Suarez Llorente

Name of institution (please print): Caja de Ahorros de Asturias

44

Yours faithfully,

/s/ Christian Schellino

Signed Christian Schellino

Directeur des Engagements

Name of institution (please print): BRED Banque Populaire

45

Yours faithfully,

/s/ [illegible]

Signed [illegible]

Name of institution (please print): Centrobanca S.P.A., Banca di Credito
Finanziario e Mobiliare SpA

46

Yours faithfully,

/s/ Marc Chait

Signed Marc Chait

Name of institution (please print): Standard Chartered Bank

Yours faithfully,

/s/ [illegible]

Signed [illegible]

Name of institution (please print): Standard Chartered Bank

47

Yours faithfully,

/s/ Miriam Corcoran

Signed Miriam Corcoran

Authorised Signatory

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

48

Accepted and agreed:

CEMEX, S.A.B. de C.V.

For itself and on behalf of each Subsidiary Obligor

By: /s/ Hector Medina

Dated:

Accepted and agreed:

CEMEX España, S.A.

For itself and on behalf of each Subsidiary Obligor

By: /s/ Hector Medina

Dated:

49

Accepted and agreed:

CEMEX, S.A.B. de C.V.

For itself and on behalf of each Subsidiary Obligor

By: /s/ Rodrigo Trevino

Dated:

Accepted and agreed:

CEMEX España, S.A.

For itself and on behalf of each Subsidiary Obligor

By: /s/ Rodrigo Trevino

Dated:

Schedule 1 – Amended Annex 3

See Spreadsheet attached separately

Schedule 1 – Annex 3

Exchange Rate

Part A

Lender

Facility/Derivative

Currency

Exposure
Original CCY

Total Exposure for Lender
(US$)

ABN AMRO Bank N.V.

Promissory Note
US$6,625,000 ABN, dated 6 April 2009

USD

6625000

6625000

Part B

Lender

Facility/Derivative

Currency

51

Exchange Rate

TOTAL EXPOSURE DEFERRED

USD

165,700,000.00

AUD

37,083,869.33

Part A

Lender

Facility/Derivative

Currency

Exposure
Original
CCY

Total Exposure for Lender
(US$)

Australia and New
Zealand Banking Group Limited

US$150,000,000 Loan
Facility Agreement Australia and New Zealand Banking Group Limited dated
19 March, 2009

USD

150,000,000.00

Australia and New
Zealand Banking Group Limited

Standby Letter of
Credit for the account of CEMEX, Inc. / CEMEX Materials LLC.

USD

1,750,000.00

Australia and New
Zealand Banking Group Limited

Standby Letter of
Credit for the account of CEMEX, Inc. / CEMEX Materials LLC.

USD

13,950,000.00

USD165,700,000

Australia and New
Zealand Banking Group Limited

AUS$4,000,000 Credit
Cards Limit to Cemex Australia Pty Limited (AUS$515,832.22 outstanding as
of March 19, 2009)

AUD

515,832.22

Outstanding as
of
March 19,
2009

Australia and New
Zealand Banking Group Limited

AUS$36,570,000
Indemnity Guarantee facilities (for performance, workmen’s comp and
financial guarantees) to Cemex Australia Pty Limited and Rinker Group Pty
LTd (AUS$35,818,037.11 and US$750,000 outstanding)

AUD

36,568,037.11

AUD
37,083,869

Outstanding as
of
March 19,
2009

52

Part B

Lender

Facility/Derivative

Currency

Exposure
Original CCY

53

Exchange Rate

Part A

Lender

Facility/Derivative

Currency

Exposure
Original CCY

Total Exposure for Lender
(US$)

CAJA DE AHORROS DE ASTURIAS

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

8,100,000

8,100,000

Part B

Lender

Facility/Derivative

Currency

54

Exchange Rate

JPY

98.43

EUR

1.2744

Part A

Lender

Facility/Derivative

Currency

Exposure
Original
CCY

Total Exposure for Lender
(US$)

‘BANCO ESPAñOL DE
CRéDITO, S.A. MADRID- Banesto

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

50,750,000

50,750,000

‘BANCO ESPAñOL DE
CRéDITO, S.A. MADRID- Banesto

Euro 250,000,000 and
JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March,
2004 (as amended)

JPY

2,970,778,269

30,181,634

Part B

Lender

Facility/Derivative

Currency

55

Exchange Rate

Part A

Lender

Facility/Derivative

Currency

Exposure
Original CCY

Total Exposure for Lender
(US$)

BARCLAYS BANK PLC,
MIAMI

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

38,549,118

38,549,118

BARCLAYS BANK
PLC

Promissory Note
US$49,128,020 Barclays Bank, dated 31 March 2009

USD

49,128,020

49,128,020

Part B

Lender

Facility/Derivative

Currency

BARCLAYS BANK
PLC

US$6,000,000,000
(originally US$9,000,000,000) Aquisition Facilities Agreement dated 6
December, 2006 (as amended)

USD

BARCLAYS BANK
PLC

US$700,000,000
(originally US$800,000,000) Credit Agreement dated 23 June, 2004

USD

Barclays Bank New York
Branch

US$1,200,000,000
Credit Agreement dated 31 May 2005

USD

BARCLAYS BANK
PLC

Surety Bond issued
by Barclasy Bank PLC (with CEMEX UK Operations Limited as the
borrower)

USD

56

Exchange Rate

Part A

Lender

Facility/Derivative

Currency

Exposure
Original CCY

Total Exposure for Lender
(US$)

BAYERISCHE
LANDESBANK

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated
24 September, 2004 (as amended)

USD

22,209,338

22,209,338

Part B

Lender

Facility/Derivative

Currency

57

Exchange Rate

JPY

98.43

EUR

1.2744

MXN

15.26

COP

2555.89

Part A

Lender

Facility/Derivative

Currency

Exposure
Original CCY

Total Exposure for Lender
(US$)

Banco Bilbao Vizcaya
Argentaria, S.A.

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

90,585,129

90,585,129

Banco Bilbao Vizcaya
Argentaria, S.A.

Euro 250,000,000 and
JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March,
2004 (as amended)

JPY

2,920,782,887

2,920,782,887

BBVA BANCOMER, S.A.,
INSTITUCION DE BANCA MULTIPLE GRUPO FINANCIERO BBVA BANCOMER

Promissory Note
US$50,00,000 BBVA Bancomer, dated 6 April 2009

USD

50,000,000

50,000,000

Part B

Lender

Facility/Derivative

Currency

BANCO BILBAO VIZCAYA
ARGENTARIA, S.A.

US$6,000,000,000
(originally US$9,000,000,000) Aquisition Facilities Agreement dated 6
December, 2006 (as amended)

USD

BANCO BILBAO VIZCAYA
ARGENTARIA, S.A.

US$6,000,000,000
(originally US$9,000,000,000) Aquisition Facilities Agreement dated 6
December, 2006 (as amended)

EUR

58

BANCO BILBAO VIZCAYA
ARGENTARIA, S.A.

US$617,500,000 &
EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated
27 January, 2009

EUR

BANCO BILBAO VIZCAYA
ARGENTARIA, S.A.

US$700,000,000 Term and
Revolving Facilities Agreement dated 27 June, 2005

USD

BBVA BANCOMER, S.A.,
INSTITUCION DE BANCA MULTIPLE GRUPO FINANCIERO BBVA BANCOMER

US$437,500,000 &
MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27
January, 2009

MXN

BBVA BANCOMER, S.A.,
INSTITUCION DE BANCA MULTIPLE GRUPO FINANCIERO BBVA BANCOMER

US$437,500,000 &
MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27
January, 2009

USD

BBVA BANCOMER, S.A.,
INSTITUCION DE BANCA MULTIPLE GRUPO FINANCIERO BBVA-BANCOMER

US$700,000,000
(originally US$800,000,000) Credit Agreement dated 23 June, 2004

USD

BANCO BILBAO VIZCAYA
ARGENTARIA S.A.

US$1,200,000,000 Credit
Agreement dated 31 May 2005

USD

BANCO BILBAO VIZCAYA
ARGENTARIA PUERTO RICO

US$30,000,000 CEMEX de
Puerto Rico, Inc. Credit Agreement dated 31 August, 2005

USD

BBVA FACTORING E.F.C.,
S.A.

Contrato de Confirming
del 14 de Enero del 2000 (EUR 30,000,000)

EUR

BBVA FACTORING E.F.C.,
S.A.

Contrato de Factoring
(EUR 20,000,000)

EUR

BANCO BILBAO VIZCAYA
ARGENTARIA, S.A.

Gestion de Cartera (EUR
8,000,000)

EUR

59

BBVA Colombia
S.A.

COP20,000,000,000 CEMEX
Colombia S.A. Pagaré al 16 Mayo, 2007

COP

BANCO BILBAO VIZCAYA
ARGENTARIA, S.A.

Stand By Letters of
Credit and Bank Guarantee issued by Banco Bilbao Vizcaya Argentaria, S.A.
(EUR 15,000,000)

EUR

BANCO BILBAO VIZCAYA
ARGENTARIA, S.A., NEW YORK BRANCH

US$500,000,000 Pez Loan
with CEMEX,S.A.B. de C.V. dated 25 June 2008, as further amended

USD

BANCO BILBAO VIZCAYA
ARGENTARIA, S.A., NEW YORK BRANCH

Stand By Letters of
Credit (US$57,024,753)

USD

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

EQUITY( Confirmation
between CEDICE and BBVA Bancomer, S.A. dated March 13, 2009)

USD

60

Exchange Rate

Part
A

Lender

Facility/Derivative

Currency

Exposure
Original CCY

Total Exposure for Lender
(US$)

THE GOVERNOR AND
COMPANY OF THE BANK OF IRELAND

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

20,000,000

20,000,000

Part
B

Lender

Facility/Derivative

Currency

61

Exchange Rate

JPY

98.43

EUR

1.2744

Part
A

Lender

Facility/Derivative

Currency

Exposure
Original CCY

Total Exposure for Lender
(Original
Currency)

BNP Paribas

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

58,250,000

58,250,000

BNP Paribas

Euro 250,000,000 and
JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March,
2004 (as amended)

JPY

1,918,243,896

1,918,243,896

BNP Paribas

US$37,500,000 Loan
Facility Agreement BNP Paribas (Sydney Branch) dated 1 October,
2007

USD

37,500,000

37,500,000

BNP Paribas

Promissory Note
US$50,000,000 BNP Paribas, dated 6 April 2009

USD

50,000,000

50,000,000

BNP Paribas

Cash management
lines

EUR

21,930,000

21,930,000

Part
B

Lender

Facility/Derivative

Currency

BNP Paribas

US$6,000,000,000
(originally US$9,000,000,000) Aquisition Facilities Agreement dated 6
December, 2006 (as amended)

USD

62

BNP Paribas

US$6,000,000,000
(originally US$9,000,000,000) Aquisition Facilities Agreement dated
6 December, 2006 (as amended)

EUR

BNP Paribas

US$700,000,000
(originally US$800,000,000) Credit Agreement dated 23 June, 2004

USD

BNP Paribas

US$1,200,000,000 Credit
Agreement dated 31 May 2005

USD

BNP Paribas

US$700,000,000
syndicated facility, guarantees by CEMEX, CEMEX Mexico, Empresas
Tolteca

USD

BNP Paribas

EPS (Quarry
Bonds)

EUR

BNP Paribas

Util Ligne Glob
EPS

EUR

63

Exchange Rate

EUR

1.2744

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for Lender
(US$)

BANK OF AMERICA NA,
SUCURSAL ESPAÑA

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

17,976,618

17,976,618

BANK OF AMERICA,
N.A.

Several Stand By
Letters of Credit issued by Bank of America, N.A.

USD

8,720,117

8,720,117

BANK OF AMERICA,
N.A.

Promissory Note
US$4,093,054 Bank of America, dated 6 April 2009

USD

4,093,054

4,093,054

64

Part B

Lender

Facility/Derivative

Currency

BANK OF AMERICA NA,
SUCURSAL ESPAÑA

US$6,000,000,000
(originally US$9,000,000,000) Aquisition Facilities Agreement dated
6 December, 2006 (as amended)

USD

BANK OF AMERICA
N.A.

US$617,500,000 &
EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27
January, 2009

USD

BANK OF AMERICA,
N.A.

US$700,000,000 Term and
Revolving Facilities Agreement dated 27 June, 2005

USD

BANK OF AMERICA,
N.A.

US$700,000,000
(originally US$800,000,000) Credit Agreement dated 23 June, 2004

USD

BANK OF AMERICA,
N.A.-San Fran Branch

US$1,200,000,000 Credit
Agreement dated 31 May 2005

USD

BANK OF AMERICA,
N.A.

Several Stand By
Letters of Credit issued by Bank of America, N.A.

USD

65

Exchange Rate

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for Lender
(US$)

BANK OF
TOKYO-MITSUBISHI UFG LTD.; SUCURSAL EN ESPAÑA

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

11,100,000

11,100,000

Part B

Lender

Facility/Derivative

Currency

THE BANK OF
TOKYO-MITSUBISHI UFG, LTD. SUCURSAL EN ESPAÑA

US$6,000,000,000
(originally US$9,000,000,000) Aquisition Facilities Agreement dated 6
December, 2006 (as amended)

USD

THE BANK OF
TOKYO-MITSUBISHI, LTD

US$700,000,000 Term and
Revolving Facilities Agreement dated 27 June, 2005

USD

THE BANK OF
TOKYO-MITSUBISHI LTD.

US$700,000,000
(originally US$800,000,000) Credit Agreement dated 23 June, 2004

USD

THE BANK OF
TOKYO-MITSUBISHI, LTD.

US$1,200,000,000 Credit
Agreement dated 31 May 2005

USD

66

Exchange Rate

EUR

1.2744

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for Lender
(US$)

BRED BANQUE POPULAIRE

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

17,500,000

17,500,000

Part B

Lender

Facility/Derivative

Currency

67

Exchange Rate

EUR

1.2744

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for Lender
(US$)

CAJA MADRID

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

13,572,500

13,572,500

Part B

Lender

Facility/Derivative

Currency

68

Exchange Rate

EUR

1.2744

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for Lender
(US$)

CALYON NEW YORK
BRANCH

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

59,154,817

59,154,817

CALYON NEW YORK
BRANCH

Promissory Note
US$1,296,000 Calyon, dated 6 April 2009

USD

1,296,000

1,296,000

Part B

Lender

Facility/Derivative

Currency

CALYON

US$6,000,000,000
(originally US$9,000,000,000) Aquisition Facilities Agreement dated 6
December, 2006 (as amended)

USD

CALYON SUCURSAL EN
ESPAÑA

US$700,000,000 Term and
Revolving Facilities Agreement dated 27 June, 2005

USD

CALYON NEW YORK
BRANCH

US$700,000,000
(originally US$800,000,000) Credit Agreement dated 23 June, 2004

USD

Caisse Régionale de
Crédit Agricole Mutuel du Gard

BANK LOAN

EUR

CALYON NEW YORK
BRANCH

US$1,200,000,000 Credit
Agreement dated 31 May 2005

USD

69

Exchange Rate

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for Lender
(US$)

CENTROBANCA - BANCA DE
CREDITO

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

25,000,000

25,000,000

Part B

Lender

Facility/Derivative

Currency

70

Exchange Rate

JPY

98.43

MXN

15.26

PLN

3.655

EGP

5.5973

THB

35.775

EUR

1.2744

BDT

68.25

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for Lender
(US$)

CITIBANK NA, NEW
YORK

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

45,585,129

45,585,129

CITIBANK NA, NEW
YORK

Euro 250,000,000 and
JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March,
2004 (as amended)

JPY

865,709,523

8,795,180

Citibank,
N.A.

Promissory Note
US$51,947,000 Citibank, dated 6 April 2009

USD

51,947,000

51,947,000

Part B

Lender

Facility/Derivative

Currency

CITIBANK INTERNATIONAL
PLC, SUCURSAL EN ESPAÑA

US$6,000,000,000
(originally US$9,000,000,000) Aquisition Facilities Agreement dated 6
December, 2006 (as amended)

USD

CITIBANK, N.A. NASSAU
BAHAMAS BRANCH

US$700,000,000 Term and
Revolving Facilities Agreement dated 27 June, 2005

USD

71

CITIBANK (BANAMEX
USA)

US$437,500,000 &
MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated
27 January, 2009

MXN

CITIBANK, N.A. NASSAU
BAHAMAS BRANCH, CITIGROUP GLOBAL MARKETS INC

US$437,500,000 &
MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27
January, 2009

USD

CITIBANK N.A. NASSAU,
BAHAMAS BRANCH

US$700,000,000
(originally US$800,000,000) Credit Agreement dated 23 June, 2004

USD

Citibank N.A., Nassau
Bahamas Branch

US$1,200,000,000
Credit Agreement dated 31 May 2005

USD

Citibank,
N.A.

Several Bank
Guarantees issued by Citibank

USD

Derivatives:

Citigroup Global
Markets Inc as agent for Citibank, N.A.

EQ (ISDA Master
Agreement dated: April 23rd, 2008)

USD

72

Exchange Rate

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for Lender
(US$)

CAISSE REGIONALE DE
CREDIT AGRICOLE MUTUEL DE PARIS ET D’ILE-DE-FRANCE

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

20,000,000

20,000,000

Part B

Lender

Facility/Derivative

Currency

73

Exchange Rate

EUR

1.2744

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for Lender
(US$)

DEUTSCHE BANK
LUXEMBOURG S.A.

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

11,104,669

11,104,669

Part B

Lender

Facility/Derivative

Currency

74

Exchange Rate

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for Lender
(US$)

DRESDNER BANK AG

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

10,000,000

10,000,000

Part B

Lender

Facility/Derivative

Currency

75

Exchange Rate

JPY

98.43

EUR

1.2744

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for Lender
(Original Currency)

FORTIS BANK, MADRID

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

64,000,000

64,000,000

FORTIS BANK, MADRID

Euro 250,000,000 and
JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March,
2004 (as amended)

JPY

591,307,500

6,007,391

Part B

Lender

Facility/Derivative

Currency

FORTIS BANK, S.A.
SUCURSAL EN ESPAÑA

US$6,000,000,000
(originally US$9,000,000,000) Aquisition Facilities Agreement dated 6
December, 2006 (as amended)

USD

FORTIS BANK
S.A./N.V.

US$700,000,000 Term and
Revolving Facilities Agreement dated 27 June, 2005

USD

FORTIS BANK S.A./N.V,
CAYMAN ISLANDS BRANCH

US$1,200,000,000 Credit
Agreement dated 31 May 2005

USD

FORTIS BANK, S.A.
SUCURSAL EN ESPAÑA

EUR 30 million, USD 25
million Fortis Multidivisa Bilateral Loan Agreement dated 28 August,
2006

EUR

FORTIS BANK, S.A.
SUCURSAL EN ESPAÑA

Several Bank Guarantees
issued by Fortis Bank, S.A.

EUR

76

Exchange Rate

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for Lender
(US$)

CAJA DE AHORROS DE
GALICIA

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

5,000,000

5,000,000

Part B

Lender

Facility/Derivative

Currency

77

Exchange Rate

JPY

98.43

EUR

1.2744

MXN

15.26

AED

3.6732

EGP

5.5973

Part A

Lender

Facility/Derivative

Currency

Exposure
Original CCY

Total Exposure for
Lender (US$)

HSBC BANK PLC,
MADRID

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

45,750,000

45,750,000

HSBC BANK PLC,
MADRID

Euro 250,000,000 and
JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March,
2004 (as amended)

JPY

1,918,243,896

19,488,407

HSBC MEXICO SA
INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO HSBC

Promissory Note
MXP739,385,880 HSBC Bank, dated 7 April 2009

MXN

739,385,880

48,452,548

Part B

Lender

Facility/Derivative

Currency

HSBC BANK PLC, SUCURSAL
EN ESPAÑA

US$6,000,000,000
(originally US$9,000,000,000) Aquisition Facilities Agreement dated 6
December, 2006 (as amended)

USD

HSBC BANK, PLC SUCURSAL
EN ESPAÑA

US$617,500,000 &
EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27
January, 2009

EUR

78

HSBC SECURITIES (USA)
INC., HSBC MEXICO S.A. INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO
HSBC

US$437,500,000 &
MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated
27 January, 2009

MXN

HSBC MEXICO SA
INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO HSBC

US$700,000,000
(originally US$800,000,000) Credit Agreement dated 23 June, 2004

USD

HSBC BANK PLC - Madrid
Branch

US$1,200,000,000 Credit
Agreement dated 31 May 2005

USD

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

US$1,050,000,000 Senior
Unsecured Dutch Loan “A & B” Agreement dated 2 June, 2008

USD

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

Factoring (Cadenas
Productivas)

MXN

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

Overdraft (CEMEX
Mexico)

MXN

HSBC MEXICO SA
INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO HSBC

Overdraft (Empresas
Tolteca)

MXN

HSBC MEXICO SA
INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO HSBC

Overdraft
(Petrocemex)

MXN

HSBC Bank plc

Asset Finance Leasing
(CEMEX UK)

GBP

79

HSBC Bank plc

Debtors financing
(CEMEX UK)

GBP

HSBC Bank plc

Credit cards (CEMEX
UK)

GBP

HSBC Argentina

Leasing (Neoris
Consulting)

ARS

HSBC BANK EGYPT S.A.E

Guarantee Line
(Assuit Cement)

EGP

HSBC BANK EGYPT S.A.E

Overdraft (Assuit
Cement)

EGP

HSBC BANK EGYPT S.A.E

Credit cards(Assuit
Cement)

EGP

HSBC BANK EGYPT S.A.E

Overdraft (Cemex
Ready Mix)

EGP

HSBC BANK EGYPT S.A.E

Guarantee (Cemex
Ready Mix)

EGP

HSBC Bank Middle East Limited

Suppliers credit
(RMC Topmix)

AED

HSBC Bank Middle East Limited

Overdraft (RMC
Topmix)

AED

HSBC Bank Middle East Limited

Guarantees (RMC
Topmix/Falcon/Supermix)

AED

HSBC Bank Middle East Limited

Trade line (RMC
Topmix)

AED

HSBC Bank Middle East Limited

Credit cards (RMC
Topmix)

AED

HSBC Bank Middle East Limited

FEX Line (RMC
Topmix)

AED

HSBC Panama

Credit Cards (CEMEX
Caribe)

USD

80

Exchange Rate

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for Lender
(US$)

INSTITUTO DE CREDITO
OFICIAL

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

62,500,000

62,500,000

Part B

Lender

Facility/Derivative

Currency

81

Exchange Rate

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for
Lender (US$)

IKB International
S.A.

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

9,975,000

9,975,000

Part B

Lender

Facility/Derivative

Currency

82

Exchange Rate

JPY

98.43

EUR

1.2744

GBP

1.4314

PLN

3.655

MXN

15.26

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for Lender
(US$)

ING Belgium SA,
Sucursal en España

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

29,700,458

29,700,458

ING Belgium SA,
Sucursal en España

Euro 250,000,000 and
JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March,
2004 (as amended)

JPY

1,918,243,896

19,488,407

ING Bank (México, S.A.,
Institución de Banca Múltiple)

MXN 447,202,272.50
Promissory Note maturing on 17 April 2009 from CEMEX, S.A.B. de
C.V.

MXN

447,202,273

29,305,522

Part B

Lender

Facility/Derivative

Currency

ING BELGIUM S.A.
SUCURSAL EN ESPAÑA

US$6,000,000,000
(originally US$9,000,000,000) Aquisition Facilities Agreement dated 6
December, 2006 (as amended)

USD

ING BELGIUM S.A.
SUCURSAL EN ESPAÑA

US$6,000,000,000
(originally US$9,000,000,000) Aquisition Facilities Agreement dated 6
December, 2006 (as amended)

EUR

83

ING BANK N.V.

US$700,000,000 Term and
Revolving Facilities Agreement dated 27 June, 2005

USD

ING BANK, N.V. (ACTING
THROUGH ITS CURACAO BRANCH)

US$700,000,000
(originally US$800,000,000) Credit Agreement dated 23 June, 2004

USD

ING Bank NV-Willemstad
Branch

US$1,200,000,000 Credit
Agreement dated 31 May 2005

USD

ING Bank, N.V., acting
through its Curacao Branch

US$1,050,000,000 Senior
Unsecured Dutch Loan “A & B” Agreement dated 2 June, 2008

USD

84

Exchange Rate

EUR

1.2744

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for Lender
(US$)

INTESA SAN PAOLO SPA

US$2,300,000,000 (originally
US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004
(as amended)

USD

19,445,000

19,445,000

Part B

Lender

Facility/Derivative

Currency

85

Exchange Rate

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for
Lender (US$)

JPMORGAN CHASE BANK IBF

US$2,300,000,000 (originally
US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004
(as amended)

USD

50,750,000

50,750,000

JPMORGAN CHASE BANK, N.A.

Promissory Note US$65,434,817 JPMorgan
Chase, dated 17 Abril 2009

USD

65,434,817

65,434,817

Part B

Lender

Facility/Derivative

Currency

JPMORGAN CHASE BANK N.A., SUCURSAL EN
ESPAÑA

US$6,000,000,000 (originally
US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006
(as amended)

USD

JPMORGAN CHASE BANK, N.A.

US$700,000,000 Term and Revolving Facilities
Agreement dated 27 June, 2005

USD

JPMORGAN CHASE BANK, N.A.

US$700,000,000 (originally US$800,000,000)
Credit Agreement dated 23 June, 2004

USD

JPMORGAN CHASE BANK, N.A.

US$1,200,000,000 Credit Agreement dated 31
May 2005

USD

86

JPMORGAN CHASE BANK, N.A.

$20,000,000 promissory note due
April 17, 2009 (cash collateral to be applied) representing closed
out derivatives

USD

JPMORGAN CHASE BANK, N.A.

$45,434,817 promissory note due April 17,
2009 (no collateral) representing closed out derivates

USD

JPMORGAN CHASE BANK, N.A.

Various lines of credit

USD

JPMORGAN CHASE BANK, N.A.

US$80,000,000 bilateral agreement with Cemex
Materials maturing April 1, 2011

USD

JPMORGAN CHASE BANK, N.A.

US$90,000,000 bilateral agreement with Cemex
Materials maturing February 28, 2011

USD

JPMORGAN CHASE BANK, N.A.

$65,000,000 SBLC

USD

JPMORGAN CHASE BANK, N.A.

Several Stand By Letters of
Credit

USD

87

Exchange Rate

EUR

1.2744

GBP

1.4314

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for
Lender (US$)

LLOYDS TSB BANK, PLC

US$2,300,000,000 (originally
US$3,800,000,000) Revolving Facilities Agreement dated 24 September, 2004
(as amended)

USD

28,645,956

28,645,956

Part B

Lender

Facility/Derivative

Currency

LLOYDS TSB BANK, PLC

US$6,000,000,000 (originally
US$9,000,000,000) Aquisition Facilities Agreement dated 6 December, 2006
(as amended)

USD

LLOYDS TSB BANK PLC

US$700,000,000 Term and Revolving Facilities
Agreement dated 27 June, 2005

USD

LLOYDS TSB BANK PLC, SUCURSAL EN
ESPAÑA

US$617,500,000 & EUR 587,500,000 Joint
Bilateral Financing Facilities Agreement dated 27 January,
2009

EUR

LLOYDS TSB BANK PLC

Asset Finance Lesing (CEMEX
UK)

GBP

LLOYDS TSB BANK PLC

Asset Finance Lesing (CEMEX
France)

EUR

88

Exchange Rate

EUR

1.2744

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for
Lender (US$)

Merrill Lynch

Promissory Note US$34,072,566 Merrill Lynch,
dated 6 April 2009

USD

34,072,566

34,072,566

Part B

Lender

Facility/Derivative

Currency

89

Exchange Rate

JPY

98.43

GBP

1.4314

EUR

1.2744

Part A

Lender

Facility/Derivative

Currency

Exposure
Original
CCY

Total Exposure for
Lender (US$)

The Royal Bank of
Scotland plc

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

50,750,000

50,750,000

The Royal Bank of
Scotland plc

Euro 250,000,000 and
JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March,
2004 (as amended)

JPY

1,918,243,896

19,488,407

The Royal Bank of
Scotland PLC

Promissory Note
US$4,504,861 Royal Bank of Scotland, dated 6 April 2009

USD

4,504,861

4,504,861

Part B

Lender

Facility/Derivative

Currency

THE ROYAL BANK OF
SCOTLAND

US$6,000,000,000
(originally US$9,000,000,000) Aquisition Facilities Agreement dated 6
December, 2006 (as amended)

USD

THE ROYAL BANK OF
SCOTLAND PLC

US$617,500,000 &
EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27
January, 2009

USD

THE ROYAL BANK OF
SCOTLAND PLC

US$700,000,000 Term and
Revolving Facilities Agreement dated 27 June, 2005

USD

THE ROYAL BANK OF
SCOTLAND PLC

US$1,200,000,000 Credit
Agreement dated 31 May 2005

USD

The Royal Bank of
Scotland PLC

US$1,050,000,000 Senior
Unsecured Dutch Loan “A & B” Agreement dated 2 June, 2008

USD

National Westminster
Bank plc

Multi Line Facility
(Overdraft)

GBP

90

Exchange Rate

JPY

98.43

EUR

1.2744

MXN

15.26

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for
Lender (US$)

Banco Santander Central
Hispanos, S.A.

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

59,154,817

59,154,817

Banco Santander Central
Hispanos, S.A.

Euro 250,000,000 and
JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March,
2004 (as amended)

JPY

1,918,243,896

19,488,407

Part B

Lender

Facility/Derivative

Currency

BANCO SANTANDER,
S.A.

US$6,000,000,000
(originally US$9,000,000,000) Aquisition Facilities Agreement dated 6
December, 2006 (as amended)

USD

BANCO SANTANDER
S.A.

US$617,500,000 &
EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27
January, 2009

EUR

BANCO SANTANDER
S.A.

US$617,500,000 &
EUR 587,500,000 Joint Bilateral Financing Facilities Agreement dated 27
January, 2009

USD

91

SANTANDER OVERSEAS BANK
INC

US$700,000,000 Term and
Revolving Facilities Agreement dated 27 June, 2005

USD

BANCO SANTANDER
(MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO
SANTANDER

US$437,500,000 &
MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27
January, 2009

MXN

SANTANDER INVESTMENTS
SECURITIES INC,

US$437,500,000 &
MXN4,773,282,950 Joint Bilateral Financing Credit Agreement dated 27
January, 2009

USD

BANCO SANTANDER CENTRAL
HISPANO S.A. NEW YORK BRANCH

US$700,000,000
(originally US$800,000,000) Credit Agreement dated 23 June, 2004

USD

BANCO SANTANDER CENTRAL
HISPANO, SA NEW YORK BRANCH

US$1,200,000,000 Credit
Agreement dated 31 May 2005

USD

Banco Santander
S.A.

US$1,050,000,000 Senior
Unsecured Dutch Loan “A & B” Agreement dated 2 June, 2008

USD

BANCO SANTANDER
(MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO
SANTANDER

TRADE LINE
HOLDING

MXN

Banco Santander
S.A.

Renting

EUR

Banco Santander
S.A.

Guarantees

EUR

Banco Santander
S.A.

Confirming

EUR

BANCO SANTANDER
(MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO
SANTANDER

Leasing

MXN

BANCO SANTANDER
(MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO
SANTANDER

Confirming

MXN

BANCO SANTANDER
(MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO
SANTANDER

Corporate
Bonds

MXN

BANCO SANTANDER
(MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO
SANTANDER

Corporate
Loan

MXN

Banco Santander
Colombia

Working Capital
Facilities

COP

Banco Santander
Rio

Working Capital
Facilities

AR$

BANCO SANTANDER,
S.A.

Several Stand By
Letters of Credit issued by Banco Santander, S.A.

USD

92

Derivatives:

Transaction N°

Transaction

Transaction

Banco Santander
(México), S.A., Institución de Banca Múltiple, Grupo Financiero
Santander

10974942

EQD OTC Options

6/3/2008

USD

Banco Santander
(México), S.A., Institución de Banca Múltiple, Grupo Financiero
Santander

10974943

EQD OTC Options

6/12/2008

USD

Banco Santander
(México), S.A., Institución de Banca Múltiple, Grupo Financiero
Santander

10974944

EQD OTC Options

6/12/2008

USD

Banco Santander
(México), S.A., Institución de Banca Múltiple, Grupo Financiero
Santander

10974945

EQD OTC Options

6/6/2008

USD

Banco Santander
(México), S.A., Institución de Banca Múltiple, Grupo Financiero
Santander

10974948

EQD OTC Options

6/3/2008

USD

Banco Santander
(México), S.A., Institución de Banca Múltiple, Grupo Financiero
Santander

10974949

EQD OTC Options

6/12/2008

USD

Banco Santander
(México), S.A., Institución de Banca Múltiple, Grupo Financiero
Santander

10974951

EQD OTC Options

6/12/2008

USD

93

Banco Santander
(México), S.A., Institución de Banca Múltiple, Grupo Financiero
Santander

10974953

EQD OTC Options

6/3/2008

USD

Banco Santander
(México), S.A., Institución de Banca Múltiple, Grupo Financiero
Santander

10974956

EQD OTC
Options

6/3/2008

USD

Banco Santander
(México), S.A., Institución de Banca Múltiple, Grupo Financiero
Santander

10974965

EQD OTC
Options

6/12/2008

USD

Banco Santander
(México), S.A., Institución de Banca Múltiple, Grupo Financiero
Santander

10975124

EQD OTC
Options

6/3/2008

USD

Banco Santander
(México), S.A., Institución de Banca Múltiple, Grupo Financiero
Santander

10975176

EQD OTC
Options

6/12/2008

USD

Banco Santander
(México), S.A., Institución de Banca Múltiple, Grupo Financiero
Santander

9802032

Equity
Forwards

10/13/2008

USD

Banco Santander
(México), S.A., Institución de Banca Múltiple, Grupo Financiero
Santander

9802069

Equity
Forwards

10/13/2008

USD

94

Exchange Rate

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for
Lender (US$)

SCOTIABANK EUROPE, PLC,
LONDON

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

24,141,450

24,141,450

Part B

Lender

Facility/Derivative

Currency

95

Exchange Rate

JPY

98.43

EUR

1.2744

HRK

5.8098

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for
Lender (US$)

SOCIETE GENERALE, NEW
YORK

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

10,000,000

10,000,000

SOCIETE GENERALE, NEW
YORK

Euro 250,000,000 and
JPY19,308,000,000 Term and Revolving Facilities Agreement dated 30 March,
2004 (as amended)

JPY

2,368,202,341

24,059,762

Part B

Lender

Facility/Derivative

Currency

SOCIETE GENERALE

SOCIETE
GENERALE

SOCIETE
GENERALE

SOCIETE GENERALE
SA

SOCIETE GENERALE
SA

Societe Generale
Equipment Finance Sp. z o.o

Societe Generale -
Splitska banka d.d.

SOCIETE
GENERALE

96

Exchange Rate

AED

3.6732

PHP

48.80

THB

35.775

BDT

68.25

MYR

3.673

Part B

Lender

Facility/Derivative

Currency

Standard Chartered
Bank

Promissory Note
US$45,329,600 Standard Chartered Bank, dated 24 April 2009

USD

97

Exchange Rate

EUR

1.2744

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for
Lender (US$)

UNICREDIT
S.P.A.

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

20,000,000

20,000,000

Part B

Lender

Facility/Derivative

Currency

UNICREDIT
S.P.A.

CZK 2,810,000
Bilateral Line due 31 December 2009

CZK

98

Exchange Rate

MXN

15.26

EUR

1.2744

Part A

Lender

Facility/Derivative

Currency

Exposure Original
CCY

Total Exposure for
Lender (US$)

WEST LB AG, SUCURSAL EN
ESPAÑA

US$2,300,000,000
(originally US$3,800,000,000) Revolving Facilities Agreement dated 24
September, 2004 (as amended)

USD

50,750,000

50,750,000

Part B

Lender

Facility/Derivative

Currency

99

To:

G14 Members

c/o Cleary Gottlieb Steen & Hamilton LLP

By
Email

June 23, 2009

Dear Sirs

CEMEX (Conditional Waiver and Extension Agreement)

Reference is made to (1) the Conditional Waiver and Extension
Agreement dated 16 April 2009 among the G12 Members, CEMEX, S.A.B. de C.V.
and CEMEX España, S.A. (the “CWEA”), (2) our letter dated
March 24, 2009 addressed by Australia and New Zealand Banking Group Limited
(“ANZ”) to the G12 Members c/o Clifford Chance, and (3) our letters
dated April 23, 2009 and May 28, 2009 addressed by ANZ to the G12
Members c/o Clifford Chance.

Please note that ANZ has received internal approval to provide the
extensions and waivers set out in sub paragraph 3.1 of paragraph 3 of the CWEA
for an additional period from June 24, 2009 until the earlier of
(i) July 31, 2009 and (ii) the date on which any of the shares or
assets of CEMEX Australia Pty Limited are sold, directly or indirectly, to
Holcim Ltd. or any of its affiliates (such earlier date, the “ANZ Expiration
Date”). Therefore, with respect to ANZ, the Relevant Period for the purposes
of paragraph (a) of the definition of “Relevant Period” in the CWEA shall
now end on the ANZ Expiration Date.

Yours sincerely,

Australia and New Zealand Banking Group Limited

/s/ [ILLEGIBLE]

Director

100