Exhibit 10.4

EXECUTED VERSION

 

 

 

CHICAGO BRIDGE & IRON COMPANY N.V.

and

CHICAGO BRIDGE & IRON COMPANY (DELAWARE),

CBI SERVICES, INC.,

CB&I, INC. (F/K/A CB&I CONSTRUCTORS, INC.),

and

CB&I TYLER COMPANY,

as Co-Obligors

BANK OF AMERICA, N.A.,

as Administrative Agent

BANK OF AMERICA, N.A.,

as a Letter of Credit Issuer

JPMORGAN CHASE BANK, N.A.,

as a Letter of Credit Issuer and Joint Book Manager

and

THE LENDERS

THIRD AMENDMENT TO THE AGREEMENT

Dated as of December 21, 2012

Re:

$125,000,000 Letter of Credit and Term Loan Agreement dated as of November 6,
2006

 

 

 

--------------------------------------------------------------------------------

CHICAGO BRIDGE & IRON COMPANY N.V.

c/o Chicago Bridge & Iron Company (Delaware)

One CB&I Plaza

2103 Research Forest Drive

The Woodlands, TX 77380

THIRD AMENDMENT TO THE AGREEMENT

Dated as of December 21, 2012

Re: $125,000,000 Letter of Credit and Term Loan Agreement dated as of
November 6, 2006

To the Lenders named in

Schedule I hereto which are also

signatories to this Third Amendment

to the Agreement (this “Third Amendment to

the Agreement”).

Ladies and Gentlemen:

Reference is made to the $125,000,000 Letter of Credit and Term Loan Agreement
dated as of November 6, 2006 (the “Agreement”) which is by and among Chicago
Bridge & Iron Company N.V., a corporation organized under the laws of The
Kingdom of the Netherlands (the “Company”), on behalf of itself and as
Co-Obligors’ Agent, and Chicago Bridge & Iron Company (Delaware), a Delaware
corporation (“CBI Delaware”), CBI Services, Inc., a Delaware corporation, CB&I,
Inc. (f/k/a CB&I Constructors, Inc.), a Texas corporation, and CB&I Tyler
Company, a Delaware corporation (each of the foregoing being a Wholly-Owned
Subsidiary of the Company and hereinafter referred to individually as a
“Co-Obligor” and collectively the “Co-Obligors”), Bank of America, N.A., and
JPMorgan Chase Bank, N.A., as issuers of letters of credit (each an “L/C Issuer”
and collectively, the “L/C Issuers”), the financial institutions having a
Credit-Linked Deposit set forth opposite their names in Schedule I hereto under
the heading “Credit-Linked Deposit” (collectively, the “Lenders” and
individually, a “Lender”), and Bank of America, N.A., as Administrative Agent.
Terms used but not otherwise defined herein shall have the meanings set forth in
the Agreement.

The Company and the Co-Obligors have requested certain amendments to the
Agreement and hereby agree with you as follows:

--------------------------------------------------------------------------------

ARTICLE 1.

AMENDMENT OF THE AGREEMENT

Section 1.1. Amendment of Section 1.01 (Defined Terms). Section 1.01 of the
Agreement shall be amended by the addition in their respective appropriate
alphabetical order of new definitions which shall read as set forth below:

“Additional Revolver” means a new revolving facility in an aggregate principal
amount of up to $650.0 million (as may be increased pursuant to the accordion
feature), with Bank of America, N.A. as administrative agent, CBI Delaware, as
borrower and the Company and its Subsidiaries as guarantors.

“Bridge Facility” means bridge loans in an aggregate principal amount of up to
$800.0 million (as may be increased by the lead arrangers thereof) under a
senior bridge facility with Bank of America, N.A. as administrative agent, CBI
Delaware, as borrower and the Company and its Subsidiaries as guarantors.

“CBI Delaware” shall mean Chicago Bridge & Iron Company (Delaware), a Delaware
corporation.

“Credit Agreement” means that certain Third Amended and Restated Credit
Agreement, dated as of July 23, 2010 (as the same may be amended, restated,
amended and restated, supplemented or otherwise modified from time to time).

“Escrowed Proceeds” means the proceeds from the Takeout Financing that are
funded into escrow in one or more escrow accounts which will be released from
escrow pursuant to and in accordance with the terms of the escrow agreement
among CBI Delaware, the purchasers of the Notes and the escrow agent thereunder.

“Note Purchase Agreement” means that certain Note Purchase and Guarantee
Agreement among CBI Delaware, the Company and the institutional investors named
therein.

“Notes” means senior notes in an aggregate principal amount of up to
$800,000,000 to be issued by CBI Delaware pursuant to the Note Purchase
Agreement to finance the acquisition of The Shaw Group Inc. and as otherwise set
forth in the Note Purchase Agreement.

 

-2-

--------------------------------------------------------------------------------

“Permitted Refinancing” means, with respect to any Indebtedness (the “Refinanced
Indebtedness”), any refinancings, refundings, renewals or extensions thereof
(the “Refinancing Indebtedness” thereof); provided that (a) at the time of such
refinancing, refunding, renewal or extension, no Event of Default has occurred
and is continuing, (b) the amount of such Refinancing Indebtedness does not
exceed the amount of such Refinanced Indebtedness except by an amount equal to
customary underwriting discounts, fees or commissions, expenses and prepayment
premium (if any) incurred in connection with such refinancing, refunding,
renewal or extension, plus any existing commitments unutilized under such
Refinanced Indebtedness and (c) such Refinancing Indebtedness (i) has a weighted
average maturity (measured as of the date of such refinancing, refunding,
renewal or extension) and a maturity no shorter than that of such Refinanced
Indebtedness, (ii) is not secured by any property or any Lien other than that
(if any) securing such Refinanced Indebtedness, (iii) is not guaranteed by or
secured by any property of any guarantor or other obligor which is not also a
guarantor or obligor of such Refinanced Indebtedness, (iv) if such Refinanced
Indebtedness is subordinated in right of payment to the Obligations, is
subordinated in right of payment to the Obligations on terms no less favorable
to the Lenders than those contained in the documentation governing such
Refinanced Indebtedness, (v) does not have covenants, events of default or other
material terms, taken as a whole, that are less favorable to the Loans Parties
than those of the Refinanced Indebtedness and (vi) has an interest rate not
exceeding the then applicable market interest rate.”

“Takeout Financing” means the issuance of the Notes pursuant to the Note
Purchase Agreement.

“Term Facility” means a senior term loan facility in an aggregate principal
amount of up to $1.0 billion (as may be increased by $250,000,000 pursuant to
the accordion feature) with Bank of America, N.A., as administrative agent, CBI
Delaware, as borrower, and the Company and its certain Subsidiaries as
guarantors.

“Transaction Facilities” means the Credit Agreement, the Additional Revolver,
the Bridge Facility, the Term Facility and the Takeout Financing.

Section 1.2. Amendment of Section 1.01 (Defined Terms). The definition of
“Priority Debt” in the Agreement is hereby amended by deleting the reference to
“Sections 7.03(a) through (h)” contained therein and substituting in lieu
thereof “Sections 7.03(a) through (i)” and deleting the reference to “Sections
7.11(a) through (h)” contained therein and substituting in lieu thereof
“Sections 7.11(a) through (i)”.

 

-3-

--------------------------------------------------------------------------------

Section 1.3. Amendment of Section 7.03 (Liens). Section 7.03 of the Agreement is
hereby amended by deleting “and” at the end of subparagraph (h), renaming
subparagraph “(i)” to “(j)” and including the following clauses after
subparagraph (h) in the appropriate alphabetical order thereof:

“(i) Liens on the Escrowed Proceeds securing the repayment of the Escrowed
Proceeds to the holders of Notes; and”

Section 1.4. Amendment of Section 7.03 (Liens). Section 7.03(j) (after giving
effect to the revisions in Section 1.3 above) is hereby further amended by
deleting the reference to “(h)” contained therein and substituting in lieu
thereof “(i)”.

Section 1.5. Amendment of Section 7.03 (Liens). Section 7.03(j) (after giving
affect to the revisions in Section 1.3 above) is hereby further amended by
inserting at the end thereof “, provided further that, notwithstanding the
foregoing, no such Liens may secure any obligations under or pursuant to any
Transaction Facility within the provisions of this Section 7.03(j) unless
concurrently therewith the obligations are secured, equally and ratably with
such obligations pursuant to documentation (including without limitation an
intercreditor agreement) in form and substance reasonably satisfactory to the
Required Lenders.”

Section 1.6. Amendment of Section 7.11 (Subsidiary Indebtedness). Section 7.11
of the Agreement is hereby amended by deleting “and” at the end of subparagraph
(h) and amending and restating subparagraph (i) as set forth below:

“(i) Indebtedness of the Company and any Subsidiary Guarantor in respect of the
Takeout Financing (and any Permitted Refinancing thereof), so long as such
Indebtedness is not senior to the Obligations in right of payment (other than
pursuant to the terms of the Escrow Agreement (as defined in the Note Purchase
Agreement) with respect to the Escrowed Proceeds) and is not guaranteed by any
Subsidiary that is not a Subsidiary Guarantor; and”

Section 1.7. Amendment of Section 7.11 (Subsidiary Indebtedness). Section 7.11
is hereby further amended to include the following clause after subparagraph
(i):

“(j) Indebtedness of a Subsidiary not otherwise permitted by the preceding
clauses (a) through (i), provided that immediately before and after giving
effect to the incurrence thereof and to the application of the proceeds thereof,

(i) no Default of Event of Default exists, and

 

-4-

--------------------------------------------------------------------------------

(ii) the aggregate amount of all Indebtedness incurred pursuant to this
Section 7.11(j) does not exceed 20% of Consolidated Net Worth.”

ARTICLE 2.

REPRESENTATIONS AND WARRANTIES

The Company and the Co-Obligors represent and warrant that as of the date hereof
after giving effect hereto:

(a) No Default or Event of Default exists under any of the Agreement;

(b) Neither the Company nor the Co-Obligors have paid any amendment fees in
connection with the solicitation of this Third Amendment to the Agreement nor in
connection with the amendments of other material agreements pursuant to which
Debt of the Company or the Co-Obligors is outstanding which relate to the
subject matter of this Third Amendment to the Agreement (excluding any and all
fees paid in connection with the concurrent amendments to the Credit Agreement);

(c) The execution and delivery of this Third Amendment to the Agreement by the
Company and each Co-Obligor and compliance by the Company and each Co-Obligor
with all of the provisions of the Agreement, as amended hereby:

(i) is within the corporate powers of the Company and each Co-Obligor; and

(ii) will not violate any provisions of any law or any order of any court or
governmental authority or agency and will not conflict with or result in any
breach of any of the terms, conditions or provisions of, or constitute a default
under the Articles of Incorporation or By-laws of the Company and such
Co-Obligor or any indenture or other agreement or instrument to which the
Company and such Co-Obligor is a party or by which it may be bound or result in
the imposition of any Liens or encumbrances on any property of the Company and
such Co-Obligor;

(d) The execution and delivery of this Third Amendment to the Agreement has been
duly authorized by all proper corporate action on the part of the Company and
each Co-Obligor; and this Third Amendment to the Agreement has been duly
executed and delivered by the Company and each Co-Obligor, and the Agreement,
each as amended by this Third Amendment to the Agreement, constitutes the legal,
valid and binding obligations, contracts and agreements of the Company and each
Co-Obligor enforceable in accordance with their terms.

 

-5-

--------------------------------------------------------------------------------

ARTICLE 3.

MISCELLANEOUS

Section 3.1. References to the Agreement. References in the Agreement or in any
certificate, instrument or other document to such Agreement shall be deemed to
be references to such Agreement as amended hereby and as further amended from
time to time without making specific reference to this Third Amendment to the
Agreement or any such other amendment.

Section 3.2. Effect of Amendment; Acknowledgment of Parties. Except as expressly
amended hereby, the Company and the Co-Obligors agree that the Agreement and all
other documents and agreements executed by the Company and each such Co-Obligor
in connection with the Agreement in favor of the Lenders are ratified and
confirmed and shall remain in full force and effect.

Section 3.3. Successors and Assigns. This Third Amendment to the Agreement shall
be binding upon the Company and each Co-Obligor and its successors and assigns
and shall inure to the benefit of the Lenders and to the benefit of the Lenders’
successors and assigns.

Section 3.4. Requisite Approval; Expenses. This Third Amendment to the Agreement
shall be effective as of the date first written above upon the satisfaction of
the following conditions precedent: (a) the Required Lenders and the Company or
the applicable Credit Party shall have executed this Third Amendment to the
Agreement, (b) the Administrative Agent shall acknowledge this Third Amendment
to the Agreement, (c) the Subsidiary Guarantors shall have executed and
delivered an Acknowledgment and Consent, in respect of the Subsidiary Guaranty,
in the form attached hereto as Exhibit A, and (d) the Company and the
Co-Obligors shall have paid all reasonable out-of-pocket expenses incurred by
each Lender and the Administrative Agent in connection with the consummation of
the transactions contemplated by this Third Amendment to the Agreement,
including, without limitation, the reasonable fees, expenses and disbursements
of Chapman and Cutler LLP which are reflected in statements of such counsel
rendered on or prior to the date of this Third Amendment to the Agreement. Upon
the delivery of fully-executed counterparts to this Third Amendment to the
Agreement, the conditions precedent referred to above shall be deemed satisfied.

Section 3.5. Counterparts. This Third Amendment to the Agreement may be executed
in any number of counterparts, each executed counterpart constituting an
original but all together only one agreement.

Section 3.6. Governing Law. This Third Amendment to the Agreement shall be
construed and enforced in accordance with, and the rights of the parties shall
be governed by, the law of the State of New York excluding choice-of-law
principles of the law of such State that would require the application of the
laws of a jurisdiction other than such State.

[Signature Pages Follow]

 

-6-

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, the Company has executed this Third Amendment to the
Agreement as of the day and year first above written.

 

CHICAGO BRIDGE & IRON COMPANY N.V.,
as Co-Obligors’ Agent and in its individual capacity By:   Chicago Bridge & Iron
Company B.V., as its Managing Director

By:  

/s/ RONALD A. BALLSCHMIEDE

Name:   Ronald A. Ballschmiede Title:   Director

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, the Co-Obligors have executed this Third Amendment to the
Agreement as of the day and year first above written.

 

CHICAGO BRIDGE & IRON COMPANY (DELAWARE) By:  

/s/ RONALD A. BALLSCHMIEDE

Name:   Ronald A. Ballschmiede Title:   Authorized Signatory CBI SERVICES, INC.
By:  

/s/ RONALD A. BALLSCHMIEDE

Name:   Ronald A. Ballschmiede Title:   Authorized Signatory CB&I, INC. (F/K/A
CB&I CONSTRUCTORS, INC.) By:  

/s/ RONALD A. BALLSCHMIEDE

Name:   Ronald A. Ballschmiede Title:   Authorized Signatory CB&I TYLER COMPANY
By:  

/s/ LUCIANO REYES

Name:   Luciano Reyes Title:   Treasurer

 

-2-

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, the Lenders under the $125,000,000 Agreement, as named on
Schedule I, have executed this Third Amendment to the Agreement as of the day
and year first above written.

 

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY, successor by merger to JEFFERSON
PILOT FINANCIAL INSURANCE COMPANY By:   Delaware Investment Advisers, a Series
of Delaware Management Business Trust, Attorney-In-Fact By   /s/ KARL H. SPAETH,
JR.

Name:

  Karl H. Spaeth, Jr., CFA

Title:

  Vice President THE LINCOLN NATIONAL LIFE INSURANCE COMPANY, successor by
merger to JEFFERSON-PILOT LIFE INSURANCE COMPANY By:   Delaware Investment
Advisers, a Series of Delaware Management Business Trust, Attorney-In-Fact By  
/s/ KARL H. SPAETH, JR.

Name:

  Karl H. Spaeth, Jr., CFA

Title:

  Vice President TRANSAMERICA LIFE INSURANCE COMPANY BY:   AEGON USA INVESTMENT
MANAGEMENT, LLC, ITS INVESTMENT MANAGER By   /s/ JOSH PRIESKORN

Name:

  Josh Prieskorn

Title:

  Vice President

 

-3-

--------------------------------------------------------------------------------

HARTFORD LIFE INSURANCE COMPANY

By:

  Hartford Investment Management Company, its Agent and Attorney-in-Fact By  

/s/ DAWN CRUNDEN

Name:

  Dawn Crunden

Title:

  Senior Vice President PACIFIC LIFE INSURANCE COMPANY By  

/s/ MATTHEW A. LEVENE

Name:   Matthew A. Levene

Title:

  Assistant Vice President By  

/s/ DIANE W. DALES

Name:

  Diane W. Dales

Title:

  Assistant Secretary

 

-4-

--------------------------------------------------------------------------------

This Third Amendment to the Agreement is acknowledged as of the day and year
first above written.

 

BANK OF AMERICA, N.A., as Administrative Agent By  

/s/ AAMIR SALEEM

Name:   Aamir Saleem Title:   Vice President

 

-5-

--------------------------------------------------------------------------------

EXHIBIT A

(to Third Amendment to the Agreement)

--------------------------------------------------------------------------------

LENDERS

 

LENDERS UNDER THE $125,000,000 AGREEMENT    SERIES      CREDIT-LINKED
DEPOSIT   DELAWARE INVESTMENTS (THE LINCOLN NATIONAL LIFE INSURANCE COMPANY,
successor by merger to JEFFERSON PILOT FINANCIAL INSURANCE COMPANY &
JEFFERSON-PILOT LIFE INSURANCE COMPANY)      C         45,000,000    HARTFORD
LIFE INSURANCE COMPANY      C         25,000,000    TRANSAMERICA OCCIDENTAL LIFE
INSURANCE COMPANY      C         35,000,000    PACIFIC LIFE INSURANCE COMPANY   
  C         20,000,000   

TOTAL

      $ 125,000,000         

 

 

 

SCHEDULE I

(to Third Amendment to the Agreement)

--------------------------------------------------------------------------------

ACKNOWLEDGMENT AND CONSENT

OF

SUBSIDIARY GUARANTY

This Acknowledgment and Consent (this “Acknowledgment and Consent”), dated as of
December 21, 2012, is being delivered by each of the undersigned (each,
hereinafter individually referred to as a “Subsidiary Guarantor” and
collectively referred to as the “Subsidiary Guarantors”) in respect of those
certain Subsidiary Guaranties each dated as of November 6, 2006 and in
connection with that certain Third Amendment to the Agreement (the “Third
Amendment to the Agreement”), effective as of December 21, 2012, among Chicago
Bridge & Iron Company N.V., a corporation organized under the laws of The
Kingdom of the Netherlands (the “Company”), Chicago Bridge & Iron Company
(Delaware), a Delaware corporation, CBI Services, Inc., a Delaware corporation,
CB&I, Inc. (f/k/a CB&I Constructors, Inc.), a Texas corporation, and CB&I Tyler
Company, a Delaware corporation (each individually a “Co-Obligor” and
collectively the “Co-Obligors”), and the lenders named in Schedules I attached
hereto (the “Lenders”) in respect of the $125,000,000 Letter of Credit and Term
Loan Agreement dated as of November 6, 2006 (the “Agreement”). Capitalized terms
used but not otherwise defined herein shall have the meanings ascribed to such
terms in the Third Amendment to the Agreement.

By executing this Acknowledgment and Consent, as of the date hereof, each of the
Subsidiary Guarantors:

(i) acknowledges receipt of a copy of, and hereby consents to the terms of, the
Third Amendment to the Agreement;

(ii) ratifies and confirms each of the Subsidiary Guaranties in all respects;

(iii) confirms that each of the Subsidiary Guaranties continues unimpaired and
in full force and effect; and

(iv) notwithstanding anything to the contrary which may be contained therein,
acknowledges and agrees that (A) each reference to “Letter of Credit and Term
Loan Agreement” or “Credit Agreement” in the Subsidiary Guaranties shall mean
and refer to the applicable Agreement, as heretofore amended and (B) each
reference to a Subsidiary Guarantor shall mean and refer to each of the
undersigned.

EXHIBIT A

(to Third Amendment to the Agreement)

--------------------------------------------------------------------------------

This Acknowledgment and Consent may be executed in one or more counterparts,
each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument. Signatures to this Acknowledgment and
Consent may be given by facsimile or other electronic transmission, and such
signatures shall be fully binding on the party sending the same.

 

A-2

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, each Subsidiary Guarantor has caused this Acknowledgement
and Consent to be executed as of the date first written above.

 

CHICAGO BRIDGE & IRON COMPANY a Delaware corporation

By:                                                             

Name: Ronald A. Ballschmiede

Title: Authorized Signatory

CHICAGO BRIDGE & IRON COMPANY (DELAWARE)

By:                                                             

Name: Ronald A. Ballschmiede

Title: Authorized Signatory

CB&I TYLER COMPANY

By:                                                             

Name:

Title:

CB&I INC.

By:                                                             

Name: Ronald A. Ballschmiede

Title: Authorized Signatory

CHICAGO BRIDGE & IRON COMPANY an Illinois corporation

By:                                                             

Name: Ronald A. Ballschmiede

Title: Authorized Signatory

A&B BUILDERS, LTD.

By:                                                             

Name:

Title:

 

A-3

--------------------------------------------------------------------------------

ASIA PACIFIC SUPPLY COMPANY

By:                                                             

Name:

Title:

CBI AMERICAS LTD.

By:                                                             

Name:

Title:

CSA TRADING COMPANY, LTD.

By:                                                             

Name:

Title:

CB&I WOODLANDS L.L.C.

By:                                                             

Name:

Title:

CBI COMPANY LTD.

By:                                                             

Name:

Title:

CENTRAL TRADING COMPANY, LTD.

By:                                                             

Name:

Title:

CONSTRUCTORS INTERNATIONAL, L.L.C.

By:                                                             

Name:

Title:

 

A-4

--------------------------------------------------------------------------------

HBI HOLDINGS, L.L.C.

By:                                                             

Name:

Title:

HOWE-BAKER INTERNATIONAL, L.L.C.

By:                                                             

Name:

Title:

HOWE-BAKER ENGINEERS, LTD.

By:                                                             

Name:

Title:

HOWE-BAKER HOLDINGS, L.L.C.

By:                                                             

Name:

Title:

HOWE-BAKER MANAGEMENT, L.L.C.

By:                                                             

Name:

Title:

HOWE-BAKER INTERNATIONAL MANAGEMENT, L.L.C.

By:                                                             

Name:

Title:

MATRIX ENGINEERING, LTD.

By:                                                             

Name:

Title:

 

A-5

--------------------------------------------------------------------------------

MATRIX MANAGEMENT SERVICES, L.L.C.

By:                                                             

Name:

Title:

OCEANIC CONTRACTORS, INC.

By:                                                             

Name:

Title:

CBI VENEZOLANA, S.A.

By:                                                             

Name:

Title:

CBI MONTAJES DE CHILE LIMITADA

By:                                                             

Name:

Title:

CBI CONSTRUCCIONES S.A.

By:                                                             

Name:

Title:

CB&I (EUROPE) B.V.

By:                                                             

Name:

Title:

CBI EASTERN ANSTALT

By:                                                             

Name: Ronald A. Ballschmiede

Title: Authorized Signatory

 

A-6

--------------------------------------------------------------------------------

CBI LUXEMBOURG S.a.r.L.

By:                                                             

Name:

Title:

CMP HOLDINGS B.V.

By:                                                             

Name:

Title:

Executed by

ACN 000 612 411 in accordance with

section 127 of the Corporations Act

2001:

 

 

Director/company secretary

 

 

Director

 

Name of director/company secretary

(BLOCK LETTERS)

 

 

Name of director

(BLOCK LETTERS)

CBI ENGINEERING AND CONSTRUCTION CONSULTANT (SHANGHAI) CO. LTD.

 

By:                                                             

Name:

Title:

CBI (PHILIPPINES), INC.

By:                                                             

Name:

Title:

CBI OVERSEAS, LLC

By:                                                             

Name:

Title:

 

A-7

--------------------------------------------------------------------------------

CBI CONSTRUCTORS (PNG) PTY. LIMITED

By:                                                             

Name:

Title:

CBI CONSTRUCTORS LIMITED

By:                                                             

Name:

Title:

CBI HOLDINGS (U.K.) LIMITED

By:                                                             

Name:

Title:

CB&I UK LIMITED

By:                                                             

Name: Ronald A. Ballschmiede

Title: Authorized Signatory

CB&I LUMMUS CREST LTD.

By:                                                             

Name:

Title:

CB&I MALTA LIMITED

By:                                                             

Name:

Title:

 

A-8

--------------------------------------------------------------------------------

LUTECH RESOURCES LIMITED

By:                                                             

Name:

Title:

NETHERLANDS OPERATING COMPANY B.V.

By:                                                             

Name:

Title:

CB&I NEDERLAND B.V.

By:                                                             

Name:

Title:

ARABIAN GULF MATERIAL SUPPLY COMPANY, LTD.

By:                                                             

Name:

Title:

PACIFIC RIM MATERIAL SUPPLY COMPANY, LTD.

By:                                                             

Name:

Title:

SOUTHERN TROPIC MATERIAL SUPPLY COMPANY, LTD.

By:                                                             

Name:

Title:

 

A-9

--------------------------------------------------------------------------------

CHICAGO BRIDGE & IRON (ANTILLES) N.V.

By:                                                             

Name:

Title:

LUMMUS TECHNOLOGY HEAT TRANSFER B.V.

By:                                                             

Name:

Title:

LEALAND FINANCE COMPANY B.V.

By:                                                             

Name:

Title:

CB&I FINANCE COMPANY LIMITED

By:                                                             

Name:

Title:

CB&I OIL & GAS EUROPE B.V.

By:                                                             

Name:

Title:

CBI COLOMBIANA S.A.

By:                                                             

Name: Ronald A. Ballschmiede

Title: Authorized Signatory

 

A-10

--------------------------------------------------------------------------------

CHICAGO BRIDGE & IRON COMPANY B.V.

By:                                                             

Name: Ronald A. Ballschmiede

Title: Director

LUMMUS INTERNATIONAL CORPORATION

By:                                                             

Name:

Title:

HUA LU ENGINEERING CO., LTD.

By:                                                             

Name:

Title:

LUMMUS CATALYST COMPANY LTD.

By:                                                             

Name:

Title:

LUMMUS OVERSEAS CORPORATION

By:                                                             

Name:

Title:

CATALYTIC DISTILLATION TECHNOLOGIES

By:                                                             

Name:

Title:

 

A-11

--------------------------------------------------------------------------------

LUMMUS TECHNOLOGY INC.

By:                                                             

Name:

Title:

CBI SERVICES, INC.

By:                                                             

Name: Ronald A. Ballschmiede

Title: Authorized Signatory

WOODLANDS INTERNATIONAL INSURANCE COMPANY LIMITED

By:                                                             

Name:

Title:

CBI HUNGARY HOLDING LIMITED LIABILITY COMPANY

By:                                                             

Name:

Title:

LUMMUS NOVOLEN TECHNOLOGY GMBH

By:                                                             

Name:

Title:

CB&I LUMMUS GMBH

By:                                                             

Name:

Title:

 

A-12

--------------------------------------------------------------------------------

CB&I LUMMUS S.R.O.

By:                                                             

Name:

Title:

CBI PERUANA S.A.C.

By:                                                             

Name:

Title:

HORTON CBI LIMITED

By:                                                             

Name: Ronald A. Ballschmiede

Title: Authorized Signatory

CB&I (NIGERIA) LIMITED

By:                                                             

Name:

Title:

CB&I SINGAPORE PTE LTD.

By:                                                             

Name:

Title:

 

A-13