<SEC-DOCUMENT>0001193125-16-438525.txt : 20160126
<SEC-HEADER>0001193125-16-438525.hdr.sgml : 20160126
<ACCEPTANCE-DATETIME>20160126171559
ACCESSION NUMBER:		0001193125-16-438525
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20160125
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160126
DATE AS OF CHANGE:		20160126

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EAGLE MATERIALS INC
		CENTRAL INDEX KEY:			0000918646
		STANDARD INDUSTRIAL CLASSIFICATION:	CEMENT, HYDRAULIC [3241]
		IRS NUMBER:				752520779
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12984
		FILM NUMBER:		161362388

	BUSINESS ADDRESS:	
		STREET 1:		3811 TURTLE CREEK BLVD
		STREET 2:		SUITE 1100
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75219
		BUSINESS PHONE:		214-432-2000

	MAIL ADDRESS:	
		STREET 1:		3811 TURTLE CREEK BLVD
		STREET 2:		SUITE 1100
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75219

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CENTEX CONSTRUCTION PRODUCTS INC
		DATE OF NAME CHANGE:	19940204
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d82190d8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML><HEAD>
<TITLE>8-K</TITLE>
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 or 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>January&nbsp;25, 2016 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Eagle
Materials Inc. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>1-12984</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>75-2520779</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Commission File <BR>Number)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
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<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>3811 Turtle Creek Blvd., Suite 1100, Dallas, Texas</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>75219</B></TD></TR>
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<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number including area code: (214)&nbsp;432-2000 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not Applicable </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
name or former address if changed from last report) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

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<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;5.02.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers </B></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Item&nbsp;5.02(b) and (e): Retirement of Principal Executive Officer and Entry into Retirement and Consulting Agreement </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On January&nbsp;25, 2016, Mr.&nbsp;Steven&nbsp;R. Rowley notified the Board of Directors of Eagle Materials Inc. (the &#147;Company&#148;) of
his decision to retire from the Company at the end of fiscal 2016. In connection with his retirement, Mr. Rowley will resign as President and Chief Executive Officer of the Company and as a member of its Board of Directors, in each case effective as
of the close of business on March&nbsp;31, 2016 (the &#147;Retirement Date&#148;). The Board of Directors of the Company has approved the resignation of Mr.&nbsp;Rowley as a retirement from service. A copy of Mr.&nbsp;Rowley&#146;s resignation
letter is attached to this Current Report on Form 8-K as Exhibit 99.1. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with Mr. Rowley&#146;s retirement, the Company
entered into a Retirement and Consulting Agreement with Mr.&nbsp;Rowley on January 25, 2016 that sets forth the terms of his retirement and provides for the engagement of Mr.&nbsp;Rowley to act as a consultant for the Company during a two-year
period. The principal terms of the Retirement and Consulting Agreement, including the amounts payable to him thereunder, are as follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Mr.&nbsp;Rowley confirmed his resignation as an officer and director of the Company as of the Retirement Date. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Mr.&nbsp;Rowley will receive certain post-retirement compensation related to his services as President and Chief Executive Officer of the Company, including (i)&nbsp;payment of his base salary through the Retirement
Date, (ii)&nbsp;payment of his annual incentive award for the Company&#146;s fiscal year ending March&nbsp;31, 2016 under the Salaried Incentive Compensation Program for Fiscal 2016, (iii)&nbsp;retention of certain equity-based awards granted to him
as described more fully below and (iv)&nbsp;continuation of medical and dental coverage under the Company&#146;s medical and dental plans for a two-year period. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">By virtue of the Board&#146;s determination and approval that Mr. Rowley&#146;s resignation shall be a retirement from service and, in the case of two awards, as a result of the amendments and other actions described
below: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Stock options granted to Mr. Rowley will, in accordance with the terms of the applicable award agreement, continue to vest and be exercisable for a period of two years after the Retirement Date (or, if shorter, the
exercise period specified in the applicable award agreement). In the case of one stock option award, the Company will amend the existing option terms in order to permit Mr. Rowley to exercise the stock options during such period. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Restricted stock awarded to Mr. Rowley will, to the extent previously earned but unvested in accordance with the terms of the applicable award agreement, be fully vested out in connection with his retirement. In
addition, in the case of the restricted stock award made to Mr. Rowley on June 10, 2015 (the &#147;2015 Restricted Stock Award&#148;), the Compensation Committee of the Board of Directors has exercised its discretion under the Company&#146;s Amended
and Restated Incentive Plan to vest such shares such that the 2015 Restricted Stock Award will become 100% vested as of the Retirement Date. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The cash award granted to Mr. Rowley under the Company&#146;s Long-Term Cash Compensation Program for Fiscal Year 2013 will, to the extent previously earned but unvested in accordance with the terms of the program, be
fully vested and paid out in connection with his retirement. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Mr.&nbsp;Rowley agreed to provide consulting services to the Company for a two-year period commencing on April&nbsp;1, 2016 and ending, unless earlier terminated, on March&nbsp;31, 2018. During this period,
Mr.&nbsp;Rowley will provide services with regard to matters affecting the Company or any of its affiliates in order to assist the Company or any of its affiliates in the conduct of their businesses and operations and management of their affairs. In
exchange for theses consulting services, the Company will pay Mr.&nbsp;Rowley a consulting fee in the amount of $100,000 per month, together with reimbursement of expenses. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Mr.&nbsp;Rowley will be subject to non-competition and non-solicitation covenants during a two-year period following the Date of Retirement, as well as to non-disparagement and confidentiality covenants.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Mr.&nbsp;Rowley will continue to be covered by the Company&#146;s directors&#146; and officers&#146; insurance policies and other indemnification arrangements that the Company has in place for its directors and
executive officers. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Mr.&nbsp;Rowley will release the Company, as of the Retirement Date, from certain claims, causes of action, rights, liabilities, losses, damages or charges relating to his prior employment or separation from service.
</TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A copy of the Retirement and Consulting Agreement is attached as Exhibit 10.1 to this report. We refer you to such exhibit, which is
incorporated by reference herein, for the complete terms and conditions governing the retirement of Mr.&nbsp;Rowley and his consulting arrangement. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Item&nbsp;5.02(c) and (d): Appointment of Principal Executive Officer and Election as Director
</I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Board of Directors also appointed Mr.&nbsp;David&nbsp;B. Powers as President and Chief Executive Officer of the Company,
effective as of the close of business on March&nbsp;31, 2016. In addition, the Board of Directors appointed Mr.&nbsp;Powers to serve as a Class I director, effective as of the close of business on March&nbsp;31, 2016. As a Class I director,
Mr.&nbsp;Powers will have a term expiring at the Company&#146;s 2016 annual stockholders&#146; meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Powers, age 65, has
served as an officer of the Company or its subsidiaries for more than 13 years, including as Executive Vice Present &#150; Gypsum of the Company and as President of American Gypsum Company, a subsidiary of the Company (&#147;American Gypsum&#148;),
since January 2005. Mr.&nbsp;Powers previously served as Executive Vice President &#150; Marketing, Sales and Distribution of American Gypsum, beginning in June 2002. Mr.&nbsp;Powers has over 35 years of experience in the gypsum industry and
received a B.A. in business administration from California State University, Fullerton. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">No changes will be made to the compensation
payable to Mr.&nbsp;Powers at the time of his election as President and Chief Executive Officer of the Company. Any changes in connection with such election will be considered by the Compensation Committee of the Board of Directors in connection
with its review of compensation for the year ending March&nbsp;31, 2017. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;7.01.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Regulation FD Disclosure </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company has issued a press release, dated January&nbsp;25,
2016, relating to the resignation of Mr.&nbsp;Rowley and the election of Mr.&nbsp;Powers as President and Chief Executive Officer of the Company and a member of its Board of Directors. A copy of the press release is furnished as Exhibit 99.2 to this
Current Report on Form 8-K and is incorporated herein by reference. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In accordance with General Instruction B.2 of Form 8-K, the
information set forth in this Item&nbsp;7.01 and in the attached Exhibit 99.2 shall be deemed to be &#147;furnished&#148; and shall not be deemed to be &#147;filed&#148; for purposes of Section&nbsp;18 of the Securities Exchange Act of 1934, as
amended. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits </B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="92%"></TD></TR>
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<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:26.20pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Exhibit<BR>Number</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:37.25pt; font-size:8pt; font-family:Times New Roman">Description</P></TD></TR>


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<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Retirement and Consulting Agreement, dated January 25, 2016, between Eagle Materials Inc. and Mr. Rowley</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Resignation letter, dated January 25, 2016, from Mr. Rowley</TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP>99.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press release of Eagle Materials Inc., dated January 25, 2016</TD></TR>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3">EAGLE MATERIALS INC.</TD></TR>
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<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ James H. Graass</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">James H. Graass</TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Executive Vice President, General Counsel and Secretary</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: January&nbsp;26, 2016 </P>
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<TYPE>EX-10.1
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<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>RETIREMENT AND CONSULTING AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This<B> Retirement and Consulting Agreement</B> (this &#147;<B>Agreement&#148;</B>) is made by and between <B>Steven R. Rowley</B>
(&#147;<B>Rowley</B>&#148;) and <B>Eagle Materials Inc.</B>, a Delaware corporation (together with each of its successors and assigns, the &#147;<B>Company</B>&#148;). Rowley and the Company are sometimes referred to individually as a
&#147;<B>Party</B>&#148; and collectively as the &#147;<B>Parties</B>.&#148; Except as otherwise provided herein, this Agreement is effective as of March&nbsp;31, 2016 (the &#147;<B>Effective Date</B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, as of the date hereof, Rowley serves as President and Chief Executive Officer of the Company and as a member of the
Company&#146;s Board of Directors (the &#147;<B>Board</B>&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Rowley has delivered to the Board a letter of
resignation under which he has expressed the intention, subject to approval of the Board, to retire and has indicated that he resigns from (1)&nbsp;his position as President and Chief Executive Officer of the Company and from any position he holds
with any subsidiaries or other affiliates of the Company and (2)&nbsp;his membership on the Board and the board of any of the Company&#146;s affiliates, effective as of March&nbsp;31, 2016 (&#147;<B>Date of Retirement</B>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, in order to assist with the transition of Rowley&#146;s duties and responsibilities by reason of his retirement, the Parties
have agreed that Rowley will provide continued consulting services for a period of two (2)&nbsp;years following the Date of Retirement; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Parties desire to have no further obligations to each other, except as specifically provided herein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, in consideration of the promises, covenants and undertakings set forth herein, and in full compromise, release and
settlement, accord and satisfaction and discharge of all claims or causes of action, known or unknown, the Parties agree as follows: </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Retirement and Resignation from Offices.</U></B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">As of the Date of Retirement, Rowley will cease to perform services for the Company in the capacity as its President and Chief Executive Officer. The Parties intend and agree that, notwithstanding the provision of
Consulting Services described below, Rowley will have incurred a &#147;separation from service&#148; (within the meaning of section 1.409A-1(h) of the Treasury Regulations) for purposes of section 409A of the Internal Revenue Code of 1986, as
amended (the &#147;<B>Code</B>&#148;), as of his Date of Retirement. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE="font-family:Times New Roman; font-size:10pt">Rowley agrees that as of the close of business on the Date of Retirement, he hereby resigns all offices, directorships and positions in the Company
and all of its subsidiary and affiliated companies, including his position as President and Chief Executive Officer of the Company, as well as his </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>


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<TD WIDTH="8%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
membership on the Board (and any Board committees and any board of directors or board of managers of any subsidiary or affiliate of the Company) and relinquishes all rights and duties connected
therewith. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top">Subject to the satisfaction the Release Condition (as defined below) as provided in Section&nbsp;9 of this Agreement: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">the Board or the Compensation Committee of the Board (&#147;<B>Compensation Committee</B>&#148;), as appropriate under the terms of the applicable awards, has approved Rowley&#146;s resignation as a
&#147;retirement&#148; for purposes of his: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(A)</TD>
<TD ALIGN="left" VALIGN="top">stock option awards that are listed on <I>Exhibit A</I> that include provisions that allow for the continued vesting and exercise thereof at any time within the two (2)-year period after retirement (pursuant to their
terms); </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(B)</TD>
<TD ALIGN="left" VALIGN="top">cash award that is listed on <I>Exhibit A</I> (such that the remaining earned but unpaid portion shall become payable on the Date of Retirement pursuant to its terms); and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(C)</TD>
<TD ALIGN="left" VALIGN="top">restricted stock awards that are listed on <I>Exhibit A </I>(such that the earned but unvested portion under each of such restricted stock awards, other than the restricted stock award granted on June&nbsp;10, 2015
(&#147;<B>2015 RSA</B>&#148;), is 100% vested as of the Date of Retirement pursuant to their terms); provided, however, that with respect to the 2015 RSA, the Compensation Committee approves that such award shall be 100% vested as of the Date of
Retirement (without regard to whether the performance criteria set forth therein are satisfied); and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">with respect to Rowley&#146;s stock option awards that are listed on <I>Exhibit A</I> that do not have retirement provisions of the type described in clause (i)(x) above, the Compensation Committee has approved the
amendment of such options to provide that they shall be exercisable at any time within the two (2)-year period following the Date of Retirement, and the Company shall execute an amendment to the applicable option award agreements, substantially in
the form of <I>Exhibit B</I>, to reflect such extension. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Subject to the satisfaction of the Release Condition as provided in
Section&nbsp;9 of this Agreement, the Compensation Committee has approved, and will not revoke such approval. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE="font-family:Times New Roman; font-size:10pt">Subject to the satisfaction the Release Condition (as defined below) as provided in Section&nbsp;9 of this Agreement, Rowley will receive, in
accordance with the terms of the Salaried Incentive Compensation Program for Fiscal Year 2016, an annual incentive payment equal to 40% of the corporate pool (which pool is equal to 1.35% of the Company&#146;s
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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<TD WIDTH="8%">&nbsp;</TD>
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operating earnings for the fiscal year ending March&nbsp;31, 2016, as determined by the Compensation Committee for all participants included in the corporate pool). Such payment shall be made to
Rowley at the same time and manner as payment is made to other participants in the program for such fiscal year. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Consulting Services.</U></B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">The provisions of this Section&nbsp;2, together with the other provisions of this Agreement relating to the performance of the Consulting Services (as defined below) and the payment of compensation therefor (including
the relevant portions of Section&nbsp;3(b) and (c)), shall be binding and effective during the period beginning on April&nbsp;1, 2016 and ending on March&nbsp;31, 2018, or such earlier date as the Consulting Services are terminated in accordance
with Section&nbsp;5(b) (the &#147;<B>Consulting Period</B>&#148;); provided, that such provisions shall not become effective unless the Release Condition is satisfied as provided in Section&nbsp;9. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top">During the Consulting Period, Rowley agrees to make himself available to, and at the request of the Company shall, consult with and advise the Company from time to time, provided that in no event shall Rowley provide
Consulting Services under this Agreement at a level that exceeds twenty percent (20%)&nbsp;of the average level of bona fide services performed by Rowley as an employee of the Company for the thirty-six (36)&nbsp;month period preceding his Date of
Retirement, with regard to matters affecting the Company or any of its affiliates in order to assist the Company or any of its affiliates in the conduct of their businesses and operations and management of their affairs, including without limitation
matters relating to: (i)&nbsp;any aspect of the Company&#146;s operations, plants, and related facilities; (ii)&nbsp;any aspect of the marketing and distribution of the Company&#146;s products; (iii)&nbsp;any aspect of the Company&#146;s
manufacturing processes utilized or to be utilized by the Company; (iv)&nbsp;any aspect of the Company&#146;s research and development efforts; (v)&nbsp;pending or future litigation and claims; (vi)&nbsp;plans with respect to expansion of operations
of the Company or any of its affiliates; and (vii)&nbsp;mergers, acquisitions and strategic planning, as well as any other matters which relate to Rowley&#146;s areas of responsibility at the Company or any of its subsidiaries or affiliates prior to
the date hereof (the &#147;<B>Consulting Services</B>&#148;). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top">During the Consulting Period, the Consulting Services will be performed by Rowley under the oversight and supervision of the Company&#146;s Chief Executive Officer. Rowley agrees that he will conduct himself in a
professional and ethical manner at all times during the Consulting Period and will take no action that might cause injury to the business or goodwill of the Company or any of its affiliates. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE="font-family:Times New Roman; font-size:10pt">The Consulting Services shall be performed at the Company&#146;s Dallas offices or at such other locations as the Chief Executive Officer of the
Company may reasonably request. During the Consulting Period, the Company shall permit Rowley to continue the use of the company email </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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<TD WIDTH="8%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
account and address that was assigned to Rowley during his employment; provided, however, that emails sent, forwarded or replied to by Rowley from the Company email account after the Date of
Retirement shall include a statement approved by the Company (including as to font and location) that indicates that Rowley is a consultant of the Company. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">e.</TD>
<TD ALIGN="left" VALIGN="top">In performing Consulting Services pursuant to this Agreement, Rowley will have no authority to assume or create any obligation or liability in the name of or on behalf of the Company or subject the Company to any
obligation or liability, unless expressly requested by the Company in writing. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Retirement and Consulting Compensation.</U></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In exchange for the agreements made by
Rowley as set forth herein, and for other valuable consideration, the receipt and sufficiency of which Rowley and the Company acknowledge, the Company promises to pay Rowley as follows; provided, however, that, except for the payments provided in
Section&nbsp;3(a) and the first sentence of Section&nbsp;3(b), all payments and benefits provided in Section&nbsp;3 are subject to the satisfaction of the Release Condition provided for in Section&nbsp;9 of this Agreement: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"><B>Accrued Obligations</B>. No later than thirty (30)&nbsp;days after the Date of Retirement, the Company will pay to Rowley in a lump sum cash payment the sum of (i)&nbsp;his base salary earned as of the Date of
Retirement to the extent not previously paid and (ii)&nbsp;any accrued, but unused, vacation pay, less withholding obligations, including for income and employment taxes. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"><B>Expense Reimbursement</B>. The Company will reimburse Rowley for any reasonable and customary business expenses pursuant to the Company&#146;s policies and procedures to the extent incurred by him in the performance
of his duties and responsibilities before the Date of Retirement, which will be paid in accordance with Company policy; provided that such expenses are submitted on an expense report within thirty (30)&nbsp;days of the Date of Retirement. Payment
for such expenses will be made within fifteen (15)&nbsp;business days after the Company&#146;s receipt of such expense report. In addition, the Company will pay or reimburse Rowley for all reasonable and customary business expenses incurred by him
in the course of performing the Consulting Services for the Company during the Consulting Period, subject to prior approval of such expenses by the Company. Payment for such expenses will be made within fifteen (15)&nbsp;business days after the
Company&#146;s receipt of an expense report detailing such expenses according to the Company&#146;s standard employee reimbursement policies and procedures. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top"><B>Release/Consulting Compensation</B>. In consideration of the Release to be granted by Rowley and the performance by him of the Consulting Services, the Company will pay to Rowley the amount of $100,000 per month on
the last day of each month beginning with a payment at the end of April 2016 and continuing each month thereafter until the end of the Consulting Period. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top"><B>Continuation of Health Benefits</B>. Rowley shall continue to be eligible to receive medical and dental coverage for Rowley, his spouse and his eligible dependents under the Company&#146;s medical and dental plans,
as in effect from time to time (the &#147;<B>Medical Plan</B>&#148;), subject to Rowley&#146;s timely payment of the Medical Plan&#146;s monthly premium that is the same monthly premium paid by the Company&#146;s active employees for the same level
of benefits under the Medical Plan (as in effect for the applicable plan year) until the earlier of (i)&nbsp;his receipt of equivalent coverage and benefits under the plans and programs of a subsequent employer or (ii)&nbsp;the end of the Consulting
Period; provided, however, that if the Company&#146;s obligations contemplated by this Section&nbsp;3(d) would result in the imposition of excise taxes on the Company for failure to comply with the nondiscrimination requirements of the Patient
Protection and Affordable Care Act of 2010, as amended, the Health Care and Education Reconciliation Act of 2010, as amended (to the extent applicable) or other law or to the extent such continuation is not permitted by law, the Company shall
discontinue the health benefits provided for in this Section&nbsp;3(d) and shall instead pay to Rowley a lump-sum payment equal to the Company portion of premium costs of health benefits that would have otherwise been provided to the Rowley and
Rowley&#146;s dependents for the remainder of the Consulting Period, with such payment to be made no later than thirty (30)&nbsp;days after such determination by the Company; provided, however, if such acceleration would result in additional taxes
to the Rowley imposed by section 409A of the Code, the regulations and other binding guidance promulgated thereunder (&#147;<B>Section 409A</B>&#148;), then the portion of such premium costs that constitute deferred compensation will be paid in
accordance with the original monthly schedule of such payments. Rowley acknowledges that the portion of the monthly premium paid by the Company shall be treated and report as imputed taxable income to Rowley. Following the end of the Consulting
Period, Rowley may elect continuation coverage of medical and dental benefits for himself and his covered dependents that are offered by the Company under the Consolidated Omnibus Budget Reconciliation Act of 1985 (&#147;<B>COBRA</B>&#148;), at
Rowley&#146;s own expense, for the period required by COBRA, provided he timely elects COBRA continuation coverage and pays the required premiums. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">e.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE="font-family:Times New Roman; font-size:10pt"><B>Benefit Plan Participation</B>. Except as provided in Section&nbsp;3(d) with respect to the Medical Plan, during the Consulting Period, Rowley
shall not be eligible to participate or be covered by any employee benefit plan, program or arrangement of the Company or any of its affiliates (collectively, the &#147;<B>Benefit Plans</B>&#148;), including, but not limited to, group health
insurance, disability insurance, long-term care, and life insurance and future contributions to the Company&#146;s Profit Sharing and Retirement Plan (the &#147;<B>Profit Sharing Plan</B>&#148;). Rowley also will not participate in the
Company&#146;s vacation or paid time off programs during the Consulting Period. Notwithstanding the foregoing, after the Date of Retirement, Rowley shall continue to have such rights in respect of vested benefits under Benefit Plans as are provided
for in accordance with the terms and conditions of such Benefit Plans and, without limiting the generality of the foregoing, </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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<TD WIDTH="8%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
Rowley (i)&nbsp;will be entitled to receive his share of the profit sharing contribution under the Profit Sharing Plan and the Company&#146;s Supplemental Executive Retirement Plan (together the
&#147;<B>Retirement Plans</B>&#148;) for the plan years ended December&nbsp;31, 2015 at the same time and on the same basis as other eligible employees (as provided under the terms of the Retirement Plans, to the extent the Company elects to make
any such contribution under the Retirement Plans) and (ii)&nbsp;may request payment of all vested benefits in the Profit Sharing Plan following the Date of Retirement or leave such benefits in the Profit Sharing Plan until the required distribution
date under the Profit Sharing Plan. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">f.</TD>
<TD ALIGN="left" VALIGN="top"><B>Indemnification</B>. Rowley shall retain all rights to (i)&nbsp;coverage, if any, provided under directors&#146; and officers&#146; fiduciary errors and omissions and other liability insurance policies of the Company
that by their terms would apply to Rowley&#146;s acts and omissions while serving as a director, officer, employee, or consultant of the Company or its subsidiaries and affiliates prior to the Date of Retirement, subject to any exclusions,
limitations and other terms and provisions set forth in such policies, and (ii)&nbsp;indemnification and advancement of expenses under any indemnification arrangements with the Company (including the indemnification agreement between the Company and
Rowley and the Company&#146;s Certificate of Incorporation or Bylaws) that apply to Rowley&#146;s service as a director, officer or employee of the Company, its subsidiaries and affiliates prior to the Date of Retirement. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">g.</TD>
<TD ALIGN="left" VALIGN="top"><B>No Further Amounts Due to Rowley Through Date of Retirement</B>. The Company&#146;s obligations pursuant to this Section&nbsp;3 (other than Sections 3(a) and 3(b)) shall be conditioned upon the satisfaction of the
Release Condition. The Parties agree that the Retirement and Consulting Compensation obligations referenced in this Section&nbsp;3 are in full and complete satisfaction of any obligations on the part of the Company. The Parties agree that no
additional amounts are due to Rowley up to and including the Date of Retirement. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Status as Independent Consultant. </U></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">It is the intent and purpose of this
Agreement to create a legal relationship of independent contractor, and not employment, between Rowley and the Company. Rowley will not be treated as an employee of the Company for purposes of the Federal Insurance Contribution Act, the Social
Security Act, the Federal Unemployment Tax Act, income tax withholding at source, or workers compensation laws, and will not be eligible for any employee benefits whatsoever, other than those set forth herein. Rowley shall be responsible for the
payment of self-employment taxes (including without limitation FICA contributions, Social Security taxes and unemployment taxes) and federal income taxes due on the payments made pursuant to Section&nbsp;3(c) of this Agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>5.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Term and Termination of Consulting Services. </U></B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"><B>Term</B>. Except as other provided in this Section&nbsp;5, the Consulting Services shall cease at the end of the term of the Consulting Period; provided, however, that expiration or termination of the Consulting
Period shall not diminish or otherwise affect (i)&nbsp;the provisions regarding Proprietary and/or Financial Information contained in Section&nbsp;6(a) and (b), (ii)&nbsp;the non-competition and non-solicitation provisions contained in
Section&nbsp;6(c), (d)&nbsp;and (e), (iii)&nbsp;the non-disparagement provisions contained in Section&nbsp;7, (iv)&nbsp;the remedies provisions contained in Section&nbsp;8, (iv)&nbsp;the releases, covenants not to sue and related provisions provided
for or referred to in Sections 9 and 10 and in the Release, (v)&nbsp;the cooperation covenants contained in Section&nbsp;12, or (vi)&nbsp;the miscellaneous provisions contained in Section&nbsp;15. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"><B>Termination of Consulting Services</B>. In addition to its other remedies at law or equity, the Company may terminate the Consulting Services for Cause (as defined below) by written notice to Rowley; provided,
however, that the Company may not terminate the Consulting Services for Cause unless (x)&nbsp;the Company shall have given notice to Rowley of the acts or events alleged to constitute Cause and (y)&nbsp;Rowley shall not have cured the same within
ten (10)&nbsp;business days after delivery of such notice. &#147;<B>Cause</B>&#148; shall mean the occurrence of any of the following: (i)&nbsp;the refusal or intentional or repeated failure of Rowley to perform the Consulting Services;
(ii)&nbsp;the arrest or indictment of Rowley for a felony or a misdemeanor involving fraud, embezzlement, theft, dishonesty, or any act of moral turpitude; (iii)&nbsp;material breach of any term of this Agreement, including a material violation of
the covenants described in Sections&nbsp;6, 7, 11 or 12 or the Release; or (iv)&nbsp;any act of dishonesty, misconduct, disloyalty, fraud, gross negligence, misappropriation, disclosure or use of confidential information or any unethical business
conduct that results or would be reasonably expected to result in material harm to the Company. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top"><B>Final Payment after Termination</B>. In the event of a termination of the Consulting Services pursuant to this Section, the compensation payable to Rowley hereunder in respect of the Consulting Services (including
without limitation the compensation payable under Sections&nbsp;3(c) and 3(d) hereof) shall automatically cease and terminate. Rowley shall then be entitled to be paid the pro rata fees earned for the month the Consulting Period is terminated, with
such pro rata fees to be paid on the last day of the termination month or, if later, the tenth (10th)&nbsp;business day following the termination date of the Consulting Period, and the Company shall have no further obligations to Rowley under this
Agreement. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>6.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Restrictive Covenants. </U></B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE="font-family:Times New Roman; font-size:10pt"><B>Proprietary and/or Financial Information</B>. Rowley acknowledges that, in the course of his employment with the Company, he has been provided with
or had access to information concerning the Company or its subsidiaries and affiliates, including without limitation their respective </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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<TD WIDTH="8%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
products, manufacturing and production, maintenance and other operational methods and techniques, accounting information, financial information, customer information (including without limitation
customer names and customer sales and financial information), trade secrets, contract terms, financial information and corporate strategies, expansion opportunities and strategies and methods of doing business, and that the Company and its
subsidiaries and affiliates have developed, compiled and otherwise obtained, often at great expense, this information, which has great value to business and could have value to their respective competitors. In addition, during the Consulting Period,
the Company will provide Rowley with or grant him access to information of the type described above that also has great value to business and could have value to their respective competitors in order to enable him to carry out the Consulting
Services. As used in this Agreement, the term &#147;<B>Proprietary and/or Financial Information</B>&#148; means the information of the type referred to in the two immediately preceding sentences. Rowley agrees that the Proprietary and/or Financial
Information is the sole and exclusive property of the Company and its affiliates. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"><B>Restrictions on the Disclosure and Use of Proprietary and/or Financial Information.</B> Rowley agrees to hold in strict confidence and not disclose any Proprietary and/or Financial Information, directly or
indirectly, to anyone outside of the Company or use, copy, publish, summarize, or remove such Proprietary and/or Financial Information from the Company&#146;s premises control, unless Rowley has the prior written consent of the Company. Rowley
represents and warrants that he will take appropriate steps to ensure that, from and after the Date of Retirement, he will have no such Proprietary and/or Financial Information in his possession or under his control, except with the prior written
consent of the Company. As part of the consideration for and inducement to entering this Agreement, the Company is expressly relying on the foregoing warranty and representation of Rowley. The foregoing notwithstanding, nothing in this Agreement
prohibits Rowley from (i)&nbsp;reporting possible violations of federal law or regulation to any governmental agency or entity, including but not limited to the Department of Justice, the Securities and Exchange Commission, Congress, and any agency
Inspector General, or making other disclosures that are protected under the whistleblower provisions of federal law or regulation; or (ii)&nbsp;disclosing otherwise Proprietary and/or Financial Information that is in the public domain though no
wrongful act of Rowley. Rowley does not need the prior authorization of the Company or its counsel to make any such reports or disclosures and Rowley is not required to notify the Company that he has made such reports or disclosures.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE="font-family:Times New Roman; font-size:10pt"><B>Non-Competition</B>. During the period (the &#147;<B>Restricted Period</B>&#148;) ending on the later of (x)&nbsp;the end of the Consulting Period
or (y)&nbsp;the second (2nd)&nbsp;anniversary of the Date of Retirement, in order to protect the Proprietary and/or Financial Information disclosed to Rowley in the course of performing the Consulting Services, Rowley agrees that to the fullest
extent permitted by law, he shall not engage or be engaged in any aspect </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


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<TD WIDTH="8%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
whatsoever of any the following lines of business: (i)&nbsp;the production (including any associated mining), distribution, marketing or sale of cement (including Portland, oil well cement and
blended cements), slag, slag cement, masonry cement, fly-ash, pozzolan or clinker; (ii)&nbsp;the production, distribution or marketing of readymix concrete; (iii)&nbsp;the mining, extraction, production or marketing of crushed stone, sand, gravel
and aggregates; (iv)&nbsp;the production (including any associated mining), distribution, marketing or sale of gypsum wallboard; (v)&nbsp;the production, distribution, marketing or sale of recycled paperboard; (vi)&nbsp;the mining, processing,
drying, manufacturing, distributing or marketing of frac sand; or (vii)&nbsp;any other line of business engaged in by the Company or any of its affiliates (each a &#147;<B>Line of Business</B>&#148; and collectively, the
&#147;<B>Business</B>&#148;), either directly or indirectly as an individual, or as an employee, associate, partner, stockholder, consultant, owner, manager, agent or otherwise or by means of any corporate or other device, either on his own behalf
in the Restricted Areas (as defined below) or on behalf of others who are engaged in any Line of Business (either directly or through an affiliate (including by virtue of having an affiliate in the Restricted Areas)) in the Restricted Areas. The
&#147;<B>Restricted Areas</B>&#148; are, specific to each Line of Business, the geographic areas in which the Company or any of its subsidiaries or affiliates engages in the following activities for such Line of Business: (1)&nbsp;operates a
manufacturing facility or other facility engaged in business operations, (2)&nbsp;engages in the distribution or sale of its products ,or (3)&nbsp;is actively pursuing a strategic initiative (including a merger, acquisition or business expansion)
that would reasonably be expected to result in the Company or any of its subsidiaries or affiliates engaging in the activities described in clause (1)&nbsp;or (2)&nbsp;above, of which (in the case of this clause (3))&nbsp;the Company has informed
Rowley or in respect of which Rowley has performed any Consulting Services. Notwithstanding the foregoing, it shall not be a violation of this Section&nbsp;6(c) for Rowley to own less than one percent (1%)&nbsp;of the shares in a company engaged in
any of the Lines of Business so long as he is not employed or engaged to act on behalf of such company in any capacity related to any of the Lines of Business. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top"><B>Non-Solicitation of Customers, Clients or Suppliers</B>. During the Restricted Period, in order to protect the Proprietary and/or Financial Information disclosed to Rowley in the course of performing the Consulting
Services, Rowley agrees he shall not solicit or initiate any contact with any customer, client or supplier of the Company or its subsidiaries or affiliates about which he possesses Proprietary and/or Financial Information for purposes of obtaining
business from such customer or client or arranging for or negotiating a supply relationship on behalf of any person or entity who is or may become in competition with the Company in any Line of Business or with the purpose or result of interfering
with or adversely affecting the relationship between any such customer, client or supplier on the one hand and the Company or its subsidiaries or affiliates on the other hand. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


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<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">e.</TD>
<TD ALIGN="left" VALIGN="top"><B>Non-Solicitation of Employees; No Hiring</B>. During the Restricted Period, Rowley agrees he shall not solicit for employment, hire or attempt to hire any employee of the Company (or any of its subsidiaries or
affiliates) or assist in such solicitation or hiring by any other person or entity, or encourage any employee to terminate his employment with the Company (or any of its subsidiaries or affiliates). This restriction shall not, however, operate to
preclude Rowley from himself engaging in any employment, occupation, consulting or other business activity which is unrelated to any Line of Business within the Restricted Areas and as to which his participation therein does not give rise to a
violation of the other provisions of this Section&nbsp;6. In addition, notwithstanding the foregoing, (i)&nbsp;a general solicitation of candidates (for example, want ad, monster.com posting, or publication of opening on web site) that results in an
application by a Company employee shall not be a violation of Rowley&#146;s covenant not to solicit or attempt to hire Company employees in this Section&nbsp;6(e) and (ii)&nbsp;if the employment of any employee is terminated by the Company (or any
of its subsidiaries or affiliates), from and after the date of the termination of such employee, Rowley shall not be subject to the covenants set forth in this Section&nbsp;6(e) with respect to such employee. </TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>7.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Non-Disparagement. </U></B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">Rowley agrees that he will not make any statements, written or verbal, or cause, participate or encourage others to make any statements, written or verbal, that defame, disparage, criticize or negatively reflect upon
the personal or business reputation, practices or conduct of the Company or its subsidiaries or affiliates, or their respective senior executives and directors. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top">The Company agrees that it will instruct its officers, directors, and senior executive team not to make any statements, written or verbal, or cause, participate or encourage others to make any statements, written or
verbal that defame, disparage, criticize or negatively reflect upon the personal or business reputation, practices or conduct of Rowley. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>8.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Remedies for Violation of Certain Covenants. </U></B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">If Rowley breaches any of the provisions of Sections&nbsp;6 or 7 of this Agreement (collectively, the &#147;<B>Covenants</B>&#148;), all payments and benefits under Sections 3(c) and 3(d) of this Agreement shall cease
and no further payments shall be due. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top">The Company will be entitled to bring suit to recover any and all damages, both direct and consequential, that may be sustained as a result of Rowley&#146;s breach or threatened breach of the Covenants. In addition, the
Company will be entitled to specific performance and/or a temporary or permanent injunction prohibiting and enjoining Rowley from violating the Covenants. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>


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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>9.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Release. </U></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding any other provisions of this Agreement, the
obligations of the Company relating to the Consulting Services under Section&nbsp;2 and all payments and benefits under Sections 1(c), 1(d) and 3 (other than Sections 3(a) and (b)) are subject to the condition (the &#147;<B>Release
Condition</B>&#148;) that the Rowley shall execute and deliver a waiver and release, in the form attached hereto as <I>Exhibit&nbsp;C</I> (the &#147;<B>Release</B>&#148;), to the Company, no earlier than the Date of Retirement and no later than
twenty-one (21)&nbsp;days thereafter and that Rowley shall not exercise his right to revoke the Release during the seven (7)-day revocation period following Rowley&#146;s execution of the Release. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>10.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Return of Company Property. </U></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Rowley agrees to return all property belonging to
the Company or its subsidiaries or affiliates as of the Date of Retirement, other than property that is to be retained by Rowley in connection with the performance of the Consulting Services with the prior written consent of the Company. Rowley
acknowledges and agrees that the property required to be returned by him includes all property belonging to the Company or its subsidiaries or affiliates located at or in Rowley&#146;s home(s), office(s), automobile(s), computers, electronic
devices, and cellular and other phones, including trade secrets and confidential information, whether present in hard copy documents, email, telephone numbers, contact information, equipment, devices and computer files. Promptly following the end of
the Consulting Period, Rowley shall return any and all property (as described in this Section) belonging to the Company or its subsidiaries or affiliates that was retained by Rowley in connection with the performance of the Consulting Services. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>11.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Future Cooperation. </U></B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">In the event that the Company is or becomes involved in any civil or criminal litigation, administrative proceeding or governmental investigation, Rowley shall, upon request, provide reasonable cooperation and
assistance to the Company, including without limitation, furnishing relevant information, attending meetings and providing statements and testimony. Rowley agrees to make himself available upon reasonable notice for consultation with counsel,
deposition and trial testimony, if requested, in connection with any current or future litigation or claim. Rowley will appear voluntarily and will not require a subpoena to testify at the Company&#146;s request. If requested, Rowley will travel in
connection with the provision of such testimony and the Company will endeavor to arrange such travel to suit Rowley&#146;s reasonable scheduling needs if possible. The Company will reimburse Rowley for all reasonable and necessary expenses Rowley
incurs in complying with this Section&nbsp;12. Such reimbursement will be made within thirty (30)&nbsp;days after Rowley provides substantiation of the payment of such expenses, but in no event later than the last day of the taxable year following
the year in which such expenses were incurred. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>


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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top">Rowley also agrees not to contact, communicate with, cooperate with or assist any person or entity (or their counsel) making or threatening to make any claim against the Company or any of its subsidiaries or affiliates;
provided, however nothing herein shall prohibit Rowley from providing truthful testimony pursuant to any validly issued subpoena or court order. Rowley agrees to provide to the Company a copy of any such subpoena or court order within three
(3)&nbsp;business days of receipt of any such subpoena or court order. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>12.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Confidentiality of Terms of Agreement. </U></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Until this Agreement is publicly filed
or made available by the Company, each Party understands and agrees that the existence and terms of this Agreement are confidential and, except as may be required by law or regulation and except for each Party&#146;s directors, officers,
accountants, attorneys or spouse, shall not be disclosed to any third party without the consent of the Company. Each Party agrees that if it discloses any such information to its directors, officers, accountants, attorneys, legal advisors or spouse,
it will instruct such receiving Party to keep such information in the strictest confidence. Each Party agrees that it shall be fully responsible for any breach of this confidentiality obligation by such receiving Party. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>13.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Denial of Liability. </U></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">No provision contained herein shall be construed as an
admission by Rowley or the Company of improper conduct, omissions or liability. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>14.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Adequacy of Consideration. </U></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The Parties agree that the consideration given by
the other pursuant to this Agreement is adequate and sufficient to make their respective obligations under this Agreement final and binding. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>15.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Miscellaneous. </U></B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"><B>Entire Agreement. </B>The Parties agree that this Agreement (together with the other agreements and documents referred to herein) sets forth the entire agreement of the Parties on this subject matter and supersedes
and extinguishes any and all prior statements, agreements, representations (including any oral representations) or understandings by or among the Parties, and may not be modified or amended except in writing, executed by all of the Parties
(provided, however, that nothing in this Agreement adversely affects any benefits under the Company&#146;s employee benefits plans that are vested in accordance with the terms and conditions of such plans as of the Date of Retirement).
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"><B>Validity of Remaining Terms. </B>Should any provision of this Agreement be determined to be illegal, invalid, or otherwise unenforceable, the validity of the remaining terms and provisions hereof will not be affected
thereby but such will remain valid and enforceable, and the illegal or invalid terms or provisions shall be deemed not to be a part of this Agreement. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>


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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top"><B>Choice of Law. </B>This Agreement is entered into in the State of Texas, and shall in all respects be interpreted, enforced, and governed by the laws of the State of Texas, without regard to its principles governing
the conflicts of laws. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top"><B>Mediation.</B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">In consideration of the mutual benefits of avoiding litigation and its attendant costs, delays and risks, the Parties agree that they shall first attempt to settle any controversy, dispute or claim arising out of or
relating to this Agreement or the transactions contemplated hereby, other than any dispute relating to the breach by Rowley of or the enforcement of the Covenants (a &#147;<B>Covered Dispute</B>&#148;) through good faith negotiation. If a Covered
Dispute cannot be settled through negotiation, the Parties agree to attempt in good faith to settle such Covered Dispute by mediation administered by JAMS as described below. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">Except as permitted by Section&nbsp;15(d)(iii) below, no Party shall initiate any adversarial proceeding with respect to a Covered Dispute without first presenting a written statement of the claim (a &#147;<B>Disputed
Claim</B>&#148;) to the opposing Party. The opposing Party shall then respond to such Disputed Claim in writing (&#147;<B>Response</B>&#148;) within twenty (20)&nbsp;days. After the opposing Party sends the Response, the Parties will engage in good
faith negotiation to try to resolve the dispute. If the Disputed Claim cannot be settled through negotiation within fourteen (14)&nbsp;days, the Parties agree to attend and try to resolve the Disputed Claim in good faith at a mediation administered
by JAMS within fourteen (14)&nbsp;days after good faith negotiations between the Parties fail. The mediation shall be conducted at the offices of JAMS in Dallas, Texas, or at such other location as shall be mutually agreed by the Parties. Costs of
the mediation will be borne equally by the initiating Party on the one hand and the opposing Party on the other hand. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">Nothing contained herein shall prevent a Party from initiating suit in a court of competent jurisdiction in Dallas, Texas (or other appropriate venue) for the purpose of enforcing the Covenants, with or without engaging
in negotiation or mediation. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">e.</TD>
<TD ALIGN="left" VALIGN="top"><B>Interpretation</B>. The language of this Agreement shall be construed as a whole, according to its fair meaning, and shall not be construed strictly for or against either of the Parties. The headings used herein are
used for reference only and shall not affect the construction of this Agreement. As used in this Agreement, an &#147;affiliate&#148; of a person, or a person &#147;affiliated&#148; with a specific person is a person that directly, or indirectly
through one or more intermediaries, controls, or is controlled by, or is under common control with, the person specified, and Texas Lehigh Cement Company LP shall be deemed an &#147;affiliate&#148; of the Company. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>


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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">f.</TD>
<TD ALIGN="left" VALIGN="top"><B>Advice to Consult Attorney. </B>Rowley acknowledges and represents that he has been advised to consult with an attorney before signing this Agreement and that he is relying solely on his own judgment and the advice
of his own counsel in making this Agreement. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">g.</TD>
<TD ALIGN="left" VALIGN="top"><B>Section&nbsp;409A.</B> Each payment under this Agreement, including each payment in a series of installment payments, is intended to be a separate payment for purposes of section 1.409A-2(b) of the Treasury
Regulations, and is intended to be: (i)&nbsp;exempt from Section&nbsp;409A, including, but not limited to, by compliance with the &#147;short-term deferral exemption&#148; as specified in section 1.409A-1(b)(4) of the Treasury Regulations or
(ii)&nbsp;in compliance with Section&nbsp;409A, including, but not limited to, being paid pursuant to a fixed schedule or specified date pursuant to section 1.409A-3(a) of the Treasury Regulations and the provisions of this Agreement will be
administered, interpreted and construed accordingly. All reimbursements pursuant to this Agreement shall be made in accordance with section 1.409A-3(i)(1)(iv) of the Treasury Regulations such that the reimbursements will be deemed payable at a
specified time or on a fixed schedule relative to a permissible payment event. The amounts reimbursed under this Agreement during any taxable year may not affect the amounts reimbursed in any other taxable year, the reimbursement of an eligible
expense shall be made on or before the last day of the taxable year following the taxable year in which the expense was incurred, and the right to reimbursement is not subject to liquidation or exchange for another benefit. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">h.</TD>
<TD ALIGN="left" VALIGN="top"><B>No Waiver.</B> One or more waivers of a breach of any covenant, term or provision of this Agreement by any Party shall not operate or be construed as a waiver of any subsequent breach of the same covenant, term or
provision, nor shall it be considered a waiver of any other then existing or subsequent breach of a different covenant, term or provision. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">i.</TD>
<TD ALIGN="left" VALIGN="top"><B>Counterparts. </B>This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original, but all such counterparts shall constitute one and the same agreement.
</TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[SIGNATURE PAGE TO FOLLOW] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Parties hereto have executed this Agreement, effective as of the
Effective Date, as of the date first listed below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>AGREED</B>:<B> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: January&nbsp;25, 2016</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Steven R. Rowley</P></TD></TR>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Steven R. Rowley</TD></TR>
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<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom">Eagle Materials Inc.</TD></TR>
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<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: January&nbsp;25, 2016</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ James H. Graass</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">James H. Graass</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Executive Vice President,</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">General Counsel and Secretary</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit A </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Stock Options, Cash Award and Restricted Stock </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Stock Options</U>: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Non-Qualified Stock Option Agreement between the Company and Rowley, dated June&nbsp;10, 2015 </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Non-Qualified Stock Option Agreement between the Company and Rowley, dated June&nbsp;3, 2014 </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">Non-Qualified Stock Option Agreement between the Company and Rowley, dated August&nbsp;12, 2013 </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">Non-Qualified Stock Option Agreement between the Company and Rowley, dated June&nbsp;19, 2012 </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top">Non-Qualified Stock Option Agreement between the Company and Rowley, dated June&nbsp;27, 2011 </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top">Non-Qualified Stock Option Agreement between the Company and Rowley, dated May&nbsp;18, 2010 </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Cash
Award</U>: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Cash Award granted June&nbsp;19, 2012 under the Company&#146;s Long-Term Cash Compensation Program for Fiscal Year 2013 </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Restricted Stock</U>: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">Restricted Stock Agreement between the Company and Rowley, dated June&nbsp;10, 2015 </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Restricted Stock Agreement between the Company and Rowley, dated June&nbsp;3, 2014 </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">Restricted Stock Agreement between the Company and Rowley, dated August&nbsp;12,&nbsp;2013 </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">Restricted Stock Agreement between the Company and Rowley, dated June&nbsp;19, 2012 </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top">Restricted Stock Agreement between the Company and Rowley, dated June&nbsp;27, 2011 </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top">Restricted Stock Agreement between the Company and Rowley, dated May&nbsp;18, 2010 </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-1 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit B </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Stock Option Agreement Amendment </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">March&nbsp;31, 2016 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Steven R. Rowley </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Eagle Materials Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3811 Turtle Creek Blvd., Suite 1100 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dallas, Texas 75219 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">Re:</TD>
<TD ALIGN="left" VALIGN="top">Amendment of Non-Qualified Stock Option Agreement </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Mr.&nbsp;Rowley: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Compensation Committee of the Board of Directors of Eagle Materials Inc. (the &#147;<B>Committee</B>&#148;) has previously granted you a certain number of
non-qualified stock options (&#147;<B>Options</B>&#148;) under the Eagle Materials Inc. Incentive Plan pursuant to the Non-Qualified Stock Option Agreement between Eagle Materials Inc. (the &#147;<B>Company</B>&#148;) and you (the
&#147;<B>Optionee</B>&#148;), dated May&nbsp;18, 2010 (the &#147;<B>Stock Option Agreement</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This letter agreement (this
&#147;<B>Amendment</B>&#148;) reflects an amendment to the Stock Option Agreement by the Committee, subject to your agreement as evidence below, as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Stock Option Agreement is hereby amended to extend its term until March&nbsp;31, 2018 (the &#147;<B>Extended Term</B>&#148;), subject to the Release
requirement in the Retirement and Consulting Agreement between the Company and you, effective as of March&nbsp;31, 2016. During the Extended Term the shares of Common Stock subject to the Stock Option Agreements (the &#147;<B>Option
Shares</B>&#148;) shall continue to vest and become exercisable in accordance with the terms of the Stock Option Agreement, notwithstanding the cessation of the Optionee&#146;s employment or any requirement or condition that the Optionee continue to
be employed by the Company or one of its affiliates. The Stock Option Agreement, and the Options shall immediately terminate and be of no further force and effect, and all remaining Option Shares subject to the Stock Option Agreements, to the extent
not exercised, shall be forfeited, at the end of the Extended Term. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Except as expressly modified by this Amendment, the terms and conditions of the Stock
Option Agreement remain unchanged and in full force and effect. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>Eagle Materials Inc.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>Agreed and Acknowledged:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>[Executive&#146;s Full Name]</B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-1 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit C </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Release of Claims </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This<B>
Release of Claims</B> (this &#147;<B>Release</B>&#148;) is made by and between Steven R. Rowley (&#147;<B>Rowley</B>&#148;) and <B>Eagle Materials Inc.</B>, a Delaware corporation (together with each of its successors and assigns, the
&#147;<B>Company</B>&#148;). All capitalized terms used herein and not otherwise defined shall have the meaning given to such terms in that certain Retirement and Consulting Agreement effective March&nbsp;31, 2016 by and between Rowley and the
Company (the &#147;<B>Agreement</B>&#148;). </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Release by Rowley. </U></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Effective as of the Date of Retirement, in return for the
first monthly payment provided for in Section&nbsp;3(c) of the Agreement, Rowley, for himself and for his spouse, representatives, heirs, successors and assigns, completely and unconditionally releases, discharges and agrees to hold harmless the
Company and all its parent, subsidiary, predecessor, successor and affiliated companies, and all officers, directors, shareholders, partners, employees, agents, attorneys, successors and assigns of the foregoing (collectively, called the
&#147;<B>Company Releasees</B>&#148;) from, and covenants not to sue upon, each and every claim, cause of action, right, liability, loss, damage, charge or demand of any kind and nature, and from any claims that may be derived therefrom (hereinafter
individually referred to as a &#147;<B>Claim</B>&#148; and collectively referred to as &#147;<B>Claims</B>&#148;), that Rowley had, has or might have against the Company or any of its subsidiaries or affiliates or any other Company Releasees (other
than Claims arising from a breach of any obligation of the Company contained in the Agreement), up to and including the date of Rowley&#146;s execution of the Agreement, including but not limited to: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">any and all Claims in connection with Rowley&#146;s employment relationship with the Company, the terms and conditions of his employment (including compensation, commissions, bonuses, insurance and other benefits and
terms and conditions of employment) or the employment practices of the Company or its subsidiaries and affiliates; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top">any and all Claims in connection with the separation of Rowley&#146;s employment relationship or the surrounding circumstances thereof; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top">any and all Claims of discrimination on the basis of race, religion, sex, age, color, national origin, ancestry, disability, medical condition or marital status or other employment claims for injury to Rowley including,
but not limited to any Claim arising under any of the following: the Civil Rights Act of 1964; the Civil Rights Act of 1991; the Age Discrimination in Employment Act of 1967; the Older Worker Benefits Protection Act; the Americans with Disabilities
Act of 1990; the Family and Medical Leave Act, the Employee Retirement Income Security Act of 1974; the Equal Pay Act; the Genetic Information Nondiscrimination Act; Chapter 21 of the Texas Labor Code, the Texas Payday Act; the Texas Administrative
Code; or any other similar local, state, or federal laws, in each case, as amended from time to time; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE="font-family:Times New Roman; font-size:10pt">any and all other Claims of any nature whatsoever that may be raised against any of the Company Releasees pursuant to any federal, state or local law,
constitution, statute, regulation or any common law theory or other legal theory (including without limitation any and all wrongful discharge theories and any and </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-1 </P>


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<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
all Claims based on or arising under federal or state securities laws or the Racketeer Influenced and Corrupt Organizations Act), whether in tort, contract, equity or otherwise.
</TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Release of Unknown Claims by Rowley; Covenant Not to Sue; Exceptions. </U></B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">It is understood and agreed that this Release includes a full and final release for the benefit of the Company Releasees that applies not only to all Claims (as defined by Section&nbsp;1 above) that are presently known,
anticipated, or disclosed to Rowley, but also to all Claims that are presently unknown, unanticipated, and undisclosed to Rowley. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top">Rowley agrees not to sue or join in any suit against the Company for any claim relating to or arising out of his employment or his separation from employment with the Company; provided, however, that nothing will
preclude Rowley from (i)&nbsp;bringing a lawsuit or proceeding against the Company to enforce the Company&#146;s obligations under the Agreement or to challenge the enforceability of the release under the Older Worker Benefit Protection Act,
(ii)&nbsp;filing a complaint with, providing information to, or testifying or otherwise assisting in any investigation or proceeding brought by any state, federal or local regulatory or law enforcement agency or legislative body, including the U.S.
Equal Employment Opportunity Commission, or (iii)&nbsp;filing any claims that are not permitted to be waived or released under the Fair Labor Standards Act or other applicable law. However, Rowley waives his right to receive any relief (legal or
equitable) based on any charge, complaint, or lawsuit against the Company filed by Rowley or anyone else on his behalf. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top">This Release does not, however, release or waive any rights or claims that may arise after the date Rowley signs this Release. Furthermore, this Release will not operate to extinguish any rights of Rowley to
indemnification or advancement of expenses as provided in Section&nbsp;3(f) of the Agreement in respect of claims that relate to the performance of duties for the Company during his period of employment prior to the Date of Retirement or to receive
workers&#146; compensation benefits or benefits under the Company&#146;s employee benefits plans (including the Eagle Materials, Inc. Supplemental Executive Retirement Program and the Eagle Materials, Inc. Deferred Compensation Plan), which shall be
due and payable in accordance with the terms and conditions of such plans. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Release by the Company. </U></B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In exchange for the consideration set forth in the
Agreement, the Company, on behalf of itself, its subsidiaries, affiliates, divisions, successors and assigns, completely and unconditionally releases, discharges and agrees to hold harmless Rowley and his spouse, representatives, heirs, successors
and assigns, (collectively, called the &#147;Rowley Releasees&#148;) from, and covenants not to sue upon, each and every Claim that the Company had, has or might have against Rowley or any of the Rowley Releasees (other than Claims arising from a
breach of any obligation of Rowley contained in the Agreement), up to and including the date of the Company&#146;s execution of the Agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-2 </P>


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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Release of Unknown Claims by the Company; Covenant Not to Sue; Exceptions. </U></B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">It is understood and agreed that this Release includes a full and final release for the benefit of the Rowley Releasees that applies not only to all Claims (as defined by Section&nbsp;1 above) that are presently known,
anticipated, or disclosed to the Company, but also to all Claims that are presently unknown, unanticipated, and undisclosed to the Company. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top">The Company agrees not to sue or join in any suit against Rowley for any claim relating to or arising out of his employment with the Company; provided, however, that nothing will preclude the Company from bringing a
lawsuit or proceeding against Rowley to enforce Rowley&#146;s obligations under the Agreement. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top">This Release does not, however, release or waive any rights or claims that may arise (i)&nbsp;after the date the Company signs this Release, including Rowley&#146;s breach of or failure to comply with his obligations
under the Agreement, (ii)&nbsp;from matters which by law cannot be released, (iii)&nbsp;from any intentional, material misconduct engaged in by Rowley as an employee or officer of the Company that constitutes misappropriation, theft or fraud,
(iv)&nbsp;any material breach of Rowley&#146;s fiduciary duties as an employee, officer, or director of the Company or any of its affiliates, or (v)&nbsp;from repayment under Section&nbsp;304 of the Sarbanes-Oxley Act of 2002. </TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>5.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Consideration and Revocation Periods. </U></B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">Rowley shall have at least twenty-one (21)&nbsp;days following Rowley&#146;s receipt of this Release to review and consider the Release. Rowley understands that he can use as much or little of the twenty-one
(21)&nbsp;day period as he wishes prior to signing and if the full twenty-one (21)&nbsp;day period is not used, Rowley knowingly waives the remainder of the period. For a period of seven (7)&nbsp;days following Rowley&#146;s signing the Release
(&#147;<B>Revocation Period</B>&#148;), Rowley may revoke the Release by ensuring receipt of written notice of revocation by James H. Graass, Executive Vice President, General Counsel and Secretary, by 5:00 pm, Central Standard Time on the seventh
(7th)&nbsp;day after Rowley signs the Release. Notice of revocation must be by hand delivery or overnight mail. A facsimile or electronic mail notice of revocation is not effective. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top">If Rowley fails to timely execute and return the Release to the Company or revokes the Release during the Revocation Period, then Rowley shall forfeit, and shall not be entitled to, any of the payment and benefits
described in Sections&nbsp;3(c) and 3(d) of the Agreement and shall not be engaged to provide the Consulting Services. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>6.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Representations and Acknowledgements.</U></B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">This Release constitutes a release and discharge of claims arising under the Age Discrimination in Employment Act, 29 U.S.C. &#167;&#167; 621-634, including the Older Workers Benefit Protection Act; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-3 </P>


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<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top">Rowley acknowledges that Rowley has carefully read and fully understand all of the provisions of this Release, and Rowley declares that this Release is written in a manner that Rowley understands; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top">Rowley acknowledges that Rowley understands that Rowley is, through this Release, releasing the Company from any and all claims Rowley may have against the Company and the other parties specified in Section&nbsp;1,
above; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top">Rowley states that his agreement to all of the terms set forth in this Release is knowing and voluntary; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">e.</TD>
<TD ALIGN="left" VALIGN="top">Rowley knowingly and voluntarily intends to be legally bound by the terms of this Release; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">f.</TD>
<TD ALIGN="left" VALIGN="top">Rowley acknowledges that Rowley was advised in writing to consider the terms of this Release and consult with an attorney of his choice prior to executing this Release. </TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>7.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Governing Law.</B> This Release will be governed by and construed in accordance with the laws of the State of Texas, without reference to its conflicts of laws principles that would direct the application of the laws
of another jurisdiction. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>8.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Severability. </B>If any paragraph, term or provision of this Release shall be held or determined to be unenforceable, the balance of this Release shall nevertheless continue in full force and effect, unaffected by
such holding or determination. In addition, in any such event, the parties agree that it is their intention and agreement that any such paragraph, term or provision, which is held or determined to be unenforceable, as written, shall nonetheless be
in force and binding to the fullest extent permitted by law as though such paragraph, term or provision had been written in such a manner and to such an extent as to be enforceable under the circumstance. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">PLEASE READ CAREFULLY. THIS RELEASE AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the parties hereto have executed the foregoing agreement as of the date first
listed below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>AGREED</B>:<B> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%"></TD>
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<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3">Steven R. Rowley</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3">Eagle Materials Inc.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
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<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Its:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-5 </P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>d82190dex991.htm
<DESCRIPTION>EX-99.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Steven R. Rowley</B> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B></B>3811 Turtle Creek Boulevard </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Suite 1100 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Dallas, Texas
75219-4487 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">January&nbsp;25, 2016 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Board of
Directors </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Eagle Materials Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3811 Turtle Creek Boulevard
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Suite 1100 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dallas, Texas 75219-4487 </P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


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<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Attention:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">James H. Graass,</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Executive Vice
President,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">General Counsel and Secretary</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">After 25 years of service with Eagle Materials Inc. (the &#147;Company&#148;) and its subsidiaries, I have decided to retire from the Company
at the end of this fiscal 2016. It has been a privilege for me to work with you and our dedicated and experienced management team and to witness the growth and development of the Company&#146;s business, especially over the last several years. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subject to the last sentence of this letter, I hereby submit my resignation as President and Chief Executive Officer and as a member of the
Board of Directors of the Company, as well as a director, manager, officer or in any other capacity with any subsidiaries of the Company, as of the close of business on March&nbsp;31, 2016. This letter will become effective upon the delivery hereof
to the Secretary of the Company and the approval by the Board of Directors of my resignation as a retirement from service for purposes of the incentive equity awards granted to me by the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:54%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Sincerely, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:54%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">/s/ Steven R. Rowley </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:54%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Steven R. Rowley </P>
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<TYPE>EX-99.2
<SEQUENCE>4
<FILENAME>d82190dex992.htm
<DESCRIPTION>EX-99.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:76%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Contact at 214/432-2000 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:76%; text-indent:-2%; font-size:10pt; font-family:Times New Roman"><B>Robert S. Stewart</B> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:76%; text-indent:-2%; font-size:10pt; font-family:Times New Roman"><I>Executive Vice President</I> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>News for Immediate Release </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Eagle Materials Announces the Retirement of President and CEO, Steve Rowley; </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Dave Powers, Executive Vice President for Gypsum, To Succeed Rowley </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(DALLAS &#150; January&nbsp;25, 2016): Eagle Materials announced today that the company&#146;s President and CEO, Steve Rowley, 62, has
decided to retire as an officer and director of the company effective the end of this fiscal year, March&nbsp;31, 2016. Steve&#146;s decision to retire will bring to a close a remarkable career of 25 years of continuous service to the company and
its stockholders. Dave Powers, Executive Vice President for Gypsum Wallboard at Eagle since 2005, will succeed Steve as President and CEO on March&nbsp;31, 2016, and will be appointed to the Board of Directors on that date as well. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Steve has positioned Eagle for an exciting future. He has led the doubling of the scale of our cement business and has guided the growth
of our gypsum wallboard business in achieving its nation-wide scope. He also has successfully led the company through the longest and most challenging construction market down-cycle in US history. Today the company has the strength to capitalize on
construction cycle opportunities more powerfully than ever before,&#148; said Larry Hirsch, Chairman of the Board. Larry added &#147;I respect and understand the health issues that have dictated Steve&#146;s decision at this time, and am grateful
for the innumerable contributions he has made to the company during his tenure as CEO over the last twelve years. The Board has complete confidence in Dave. We fully expect that his experience and vision will propel Eagle Materials to new
heights.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;I&#146;ve been privileged to lead an organization that is the undisputed benchmark company in our industry today,
and one whose future prospects have never been brighter,&#148; Rowley said. &#147;The timing of my decision is driven by recent surgery complications that are restricting my mobility and my capability to fulfill what I view as the full set of CEO
role dimensions. I look forward to working with the board and management during the transition, and to being available to management in an advisory role for the next two years. It has been my personal priority at Eagle to ensure we have exceptional
bench strength in every key position in the company and to maintain great options for succession, regardless of timing. I am delighted that Dave Powers, a proven leader at Eagle, has agreed to take over the reins. Dave has guided American
Gypsum&#146;s path to becoming the industry leader in lowest cost production and customer satisfaction, the most important foundational elements of our broader company strategy.&#148; </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Dave Powers, 65, is a seasoned business leader with over 35 years of experience in the building
materials industry. He joined Eagle Materials Inc. (formerly Centex Construction Products) in 2002 as Executive Vice President, Sales and Marketing. In January 2005, he was promoted to his role as Eagle&#146;s Executive Vice President for Gypsum
(and President, American Gypsum Company LLC). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;I am fully committed to advancing Eagle&#146;s strategy that has been developed and
implemented over Steve&#146;s tenure. My appointment should be recognized as a change in leadership only, and not in any way a change in strategy. We will remain focused on profitable growth and improvement through cycles and will remain equally
committed to not overpaying for the privilege of achieving growth when investing. I believe the only way to be successful through cycles is as the low-cost producer of consistently high-quality products that meet our customers&#146; needs,&#148;
commented Dave Powers. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">About Eagle Materials Inc. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Eagle
Materials Inc. manufactures and distributes Cement, Gypsum Wallboard, Recycled Paperboard, Concrete and Aggregates, and Oil and Gas Proppants from 40 facilities across the US. Eagle is headquartered in Dallas, Texas. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For additional information, contact at 214/432-2000. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Robert
S. Stewart </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Executive Vice President, Strategy, Corporate Development and Communications </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">### </P>
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