Exhibit 10.2

CONFORMED COPY

AMENDMENT NO. 2

THIS AMENDMENT NO. 2 (the “Amendment”) is being executed and delivered as of
October 14, 2011, by and among Chicago Bridge and Iron Company N.V., a
corporation organized under the laws of the Kingdom of the Netherlands (the
“Company”), Chicago Bridge & Iron Company, a Delaware corporation, as borrower
under the hereinafter identified and defined Term Loan Agreement (the
“Borrower”), JPMorgan Chase Bank, National Association as administrative agent
(the “Administrative Agent”) under said Term Loan Agreement, and the Required
Lenders party hereto. All capitalized terms used herein without definition shall
have the same meanings as set forth in the Term Loan Agreement.

W I T N E S S E T H:

WHEREAS, the Company, the Borrower, the Lenders and the Administrative Agent are
currently parties to that certain Term Loan Agreement dated as of November 9,
2007 (as the same may be amended, restated, supplemented or otherwise modified
from time to time, the “Term Loan Agreement”);

WHEREAS, the Company and the Borrower have requested the Lenders to amend the
Term Loan Agreement in certain respects;

WHEREAS, the Required Lenders have agreed to amend the Term Loan Agreement on
the terms and conditions set forth in Section 1 hereof.

NOW, THEREFORE, in consideration of the foregoing premises, the terms and
conditions stated herein and other valuable consideration, the receipt and
sufficiency of which are hereby acknowledged by the Company, the Borrower and
the Lenders, such parties hereby agree as follows:

1. Amendment. Effective as of the date first written above upon the satisfaction
of the conditions set forth in paragraph 2 below, Section 7.3(S) of the Term
Loan Agreement is hereby amended by deleting the reference to “$100,000,000” set
forth therein and replacing such reference with “$200,000,000”.

2. Conditions of Effectiveness. The effectiveness of this Amendment is subject
to the conditions precedent that the Administrative Agent shall have received
(i) counterparts of this Amendment duly executed and delivered by the Company,
the Borrower and the Required Lenders and executed counterparts of the
Reaffirmation attached hereto duly executed and delivered by the Subsidiary
Guarantors, (ii) for the account of each Lender that executes and delivers its
counterpart hereto as and by such time as is requested by the Administrative
Agent, an amendment fee in the amount previously disclosed to the Lenders (it
being understood that no Lender shall be entitled to an amendment fee hereunder
if such Lender is also paid an amendment fee pursuant to the amendment to the
Credit Agreement dated as of the date hereof) and (iii) payment and/or
reimbursement of its and its affiliates’ fees and expenses (including reasonable
out-of-pocket fees and expenses of counsel) in connection herewith.

3. Representation and Warranties. Each of the Company and the Borrower hereby
represents and warrants that (i) all of the representations and warranties
contained in Article VI of the Term Loan Agreement, as amended hereby, are true
and correct and (ii) no Default or Unmatured Default is in effect.

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4. No Implicit Waiver. Except as expressly set forth herein, (i) the execution,
delivery and effectiveness of this Amendment shall neither operate as a waiver
of any rights, power or remedy of the Administrative Agent or the Lenders under
the Term Loan Agreement or any other documents executed in connection with the
Term Loan Agreement, nor constitute a waiver of any provision of the Term Loan
Agreement nor any other document executed in connection therewith and (ii) the
Term Loan Agreement shall remain in full force and effect in accordance with
their original terms.

5. Reference to Term Loan Agreement. Upon the effectiveness of this Amendment,
each reference in the Term Loan Agreement or any other Loan Document to “this
Agreement,” “hereunder,” or words of like or similar import shall mean and be
reference to the Term Loan Agreement, as amended and modified by this Amendment.

6. GOVERNING LAW. THE ADMINISTRATIVE AGENT ACCEPTS THIS AMENDMENT, ON BEHALF OF
ITSELF AND THE LENDERS, AT CHICAGO, ILLINOIS BY ACKNOWLEDGING AND AGREEING TO IT
THERE. ANY DISPUTE BETWEEN THE COMPANY OR THE BORROWER AND THE ADMINISTRATIVE
AGENT OR ANY LENDER ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO
THE RELATIONSHIP ESTABLISHED BETWEEN THEM IN CONNECTION WITH, THIS AMENDMENT,
THE TERM LOAN AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS, AND WHETHER ARISING
IN CONTRACT, TORT, EQUITY, OR OTHERWISE, SHALL BE RESOLVED IN ACCORDANCE WITH
THE INTERNAL LAWS (INCLUDING §735 ILCS 105/5-1 ET SEQ. BUT OTHERWISE WITHOUT
REGARD TO THE CONFLICTS OF LAWS PROVISIONS) OF THE STATE OF ILLINOIS.

7. Counterparts. This Amendment may be executed in any number of counterparts by
the parties hereto, each of which counterparts when so executed shall be an
original, but all the counterparts shall together constitute one and the same
agreement. The parties hereto agree that delivery of an executed counterpart of
a signature page to this Amendment by facsimile shall be effective as delivery
of an original executed counterpart of this Amendment.

[Signature Pages Follow]

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IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year
first above written.

 

CHICAGO BRIDGE & IRON COMPANY N.V., as the Company By:  
CHICAGO BRIDGE & IRON COMPANY B.V. Its:   Managing Director By:  

/s/ Ronald A. Ballschmiede

Name:   Ronald A. Ballschmiede Title:   Managing Director CHICAGO BRIDGE & IRON
COMPANY, as the Borrower By:  

/s/ Luciano Reyes

Name:   Luciano Reyes Title:   Vice President & Treasurer

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007

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JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Administrative Agent and as a
Lender By:  

/s/ Darren Vanek

Name:   Darren Vanek Title:   Vice President BANK OF AMERICA, N.A., as a Lender
By:  

/s/ Matthew Griesbach

Name:   Matthew Griesbach Title:   Director WELLS FARGO BANK, N.A., as a Lender
By:  

/s/ Thomas F. Caver, III

Name:   Thomas F. Caver, III Title:   Senior Vice President BNP PARIBAS, as a
Lender By:  

/s/ Jamie Dillon

Name:   Jamie Dillon Title:   Managing Director By:  

/s/ Mary-Ann Wong

Name:   Mary-Ann Wong Title:   Vice President

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007

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THE ROYAL BANK OF SCOTLAND plc, as a Lender By:  

/s/ Brian D. Williams

Name:   Brian D. Williams Title:   Authorized Signatory FIFTH THIRD BANK, as a
Lender By:  

/s/ Mike Mendenhall

Name:   Mike Mendenhall Title:   Vice President CREDIT AGRICOLE CORPORATE AND
INVESTMENT BANK, as a Lender By:  

/s/ Page Dillehunt

Name:   Page Dillehunt Title:   Managing Director By:  

/s/ Sharada Manne

Name:   Sharada Manne Title:   Director

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007

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CREDIT SUISSE, CAYMAN ISLANDS BRANCH, as a Lender By:  

/s/ Shaheen Malik

Name:   Shaheen Malik Title:   Vice President By:  

/s/ Rahul Parmar

Name:   Rahul Parmar Title:   Associate THE NORTHERN TRUST COMPANY, as a Lender
By:  

/s/ Keith L. Burson

Name:   Keith L. Burson Title:   Vice President STANDARD CHARTERED BANK, as a
Lender By:  

/s/ James P. Hughes

Name:   James P. Hughes Title:   Director By:  

/s/ Robert K. Reddington

Name:   Robert K. Reddington Title:   Credit Documentation Manager Credit
Documentation Unit, WB Legal- Americas

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007

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

ABU DHABI INTERNATIONAL BANK INC. as a Lender By:  

/s/ David J. Young

Name:   David J. Young Title:   Vice President By:  

/s/ Nagy S. Kolta

Name:   Nagy S. Kolta Title:   Executive Vice President CAPITAL ONE, NATIONAL
ASSOCIATION, as a Lender By:  

/s/ Keith Morton

Name:   Keith Morton Title:   Vice President ARAB BANKING CORPORATION, as a
Lender By:  

/s/ Robert J. Ivosevich

Name:   Robert J. Ivosevich Title:   General Manager By:  

/s/ T.E. Fitzherbert

Name:   T.E. Fitzherbert Title:   Vice President BOKF, N.A. dba Bank of Texas,
as a Lender By:  

/s/ Marian Livingston

Name:   Marian Livingston Title:   Senior Vice President

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007

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COMPASS BANK, as a Lender By:  

/s/ Susana Campuzano

Name:   Susana Campuzano Title:   Vice President SUMITOMO MITSUI BANKING
CORPORATION, as a Lender By:  

/s/ Shuji Yabe

Name:   Shuji Yabe Title:   Managing Director U.S. BANK NATIONAL ASSOCIATION, as
a Lender By:  

/s/ Patrick Engel

Name:   Patrick Engel Title:   Vice President ING BANK N.V., as a Lender By:  

/s/ Bas Gilbert

Name:   Bas Gilbert Title:   Director By:  

/s/ E.C. Streng

Name:   E.C. Streng Title:   Director

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007

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COMERICA BANK, as a Lender By:  

/s/ Joey Powell

Name:   Joey Powell Title:   Vice President COMMERZBANK AG, NEW YORK AND GRAND
CAYMAN BRANCHES, as a Lender By:  

/s/ Michael Weinert

Name:   Michael Weinert Title:   Assistant Vice President By:  

/s/ Sandy Bali

Name:   Sandy Bali Title:   Associate DEUTSCHE BANK AG, NEW YORK BRANCH, as a
Lender By:  

/s/ Ming K. Chu

Name:   Ming K. Chu Title:   Vice President By:  

/s/ Virginia Cosenza

Name:   Virginia Cosenza Title:   Vice President HSBC BANK USA, NATIONAL
ASSOCIATION, as a Lender By:  

/s/ BC Robinson

Name:   Bruce Robinson Title:   Vice President

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007

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

RIYAD BANK, HOUSTON AGENCY, as a Lender By:  

/s/ William B. Shepard

Name:   William B. Shepard Title:   General Manager By:  

/s/ Paul N. Travis

Name:   Paul N. Travis Title:   Vice President & Head of Corporate Finance THE
BANK OF NOVA SCOTIA, as a Lender By:  

/s/ Mark Sparrow

Name:   Mark Sparrow Title:   Director

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007

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

REAFFIRMATION

Each of the undersigned hereby acknowledges receipt of a copy of the foregoing
Amendment No. 2 in connection with that certain Term Loan Agreement dated as of
November 9, 2007 (as the same may be amended, restated, supplemented or
otherwise modified from time to time, the “Term Loan Agreement”) by and among
Chicago Bridge and Iron Company N.V. (the “Company”), Chicago Bridge & Iron
Company, as the borrower thereunder (the “Borrower”), JPMorgan Chase Bank,
National Association as administrative agent (the “Administrative Agent”) under
the Term Loan Agreement and the lenders party to said Term Loan Agreement, which
Amendment No. 2 is dated as of October 14, 2011 (the “Amendment”). Capitalized
terms used in this Reaffirmation and not defined herein shall have the meanings
given to them in the Term Loan Agreement. Without in any way establishing a
course of dealing by the Administrative Agent or any Lender, each of the
undersigned consents to the Amendment and reaffirms the terms and conditions of
the Guaranty and any other Loan Document executed by it and acknowledges and
agrees that such agreement and each and every such Loan Document executed by the
undersigned in connection with the Term Loan Agreement remains in full force and
effect and is hereby reaffirmed, ratified and confirmed. All references to the
Term Loan Agreement contained in the above-referenced documents shall be a
reference to the Term Loan Agreement as so modified by the Amendment and as the
same may from time to time hereafter be amended, modified or restated.

[signature pages follow]

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CHICAGO BRIDGE & IRON COMPANY a Delaware corporation

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Vice President & Treasurer

CHICAGO BRIDGE & IRON COMPANY (DELAWARE)

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

CB&I TYLER COMPANY

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

CB&I INC.

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

CHICAGO BRIDGE & IRON COMPANY an Illinois corporation

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

A&B BUILDERS, LTD.

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

ASIA PACIFIC SUPPLY COMPANY

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

CBI AMERICAS LTD.

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007

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CSA TRADING COMPANY, LTD.

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

CB&I WOODLANDS L.L.C.

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

CBI COMPANY LTD.

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

CENTRAL TRADING COMPANY, LTD.

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

CONSTRUCTORS INTERNATIONAL, L.L.C.

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

HBI HOLDINGS, L.L.C.

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

HOWE-BAKER INTERNATIONAL, L.L.C.

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

HOWE-BAKER ENGINEERS, LTD.

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007

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HOWE-BAKER HOLDINGS, L.L.C.

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

HOWE-BAKER MANAGEMENT, L.L.C.

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

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

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

MATRIX ENGINEERING, LTD.

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

MATRIX MANAGEMENT SERVICES, L.L.C.

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

OCEANIC CONTRACTORS, INC.

By:

 

/s/ Luciano Reyes

Name:

 

Luciano Reyes

Title:

 

Treasurer

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007

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CBI VENEZOLANA, S.A.

By:

 

/s/ Kenneth L. Schmidt

Name:

 

Kenneth L. Schmidt

Title:

 

President

CBI MONTAJES DE CHILE LIMITADA

By:

 

/s/ Kenneth L. Schmidt

Name:

 

Kenneth L. Schmidt

Title:

 

Legal Representative

CBI CONSTRUCCIONES S.A.

By:

 

/s/ Kenneth L. Schmidt

Name:

 

Kenneth L. Schmidt

Title:

 

Alternate Director

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007

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CB&I EUROPE B.V.

By:

 

/s/ Raymond Buckley

Name:

 

Raymond Buckley

Title:

 

Managing Director

CBI EASTERN ANSTALT

By:

 

/s/ Raymond Buckley

Name:

 

Raymond Buckley

Title:

 

Director

CBI LUXEMBOURG S.a.r.L.

By:

 

/s/ Raymond Buckley

Name:

 

Raymond Buckley

Title:

 

Director

CMP HOLDINGS B.V.

By:

 

/s/ Raymond Buckley

Name:

 

Raymond Buckley

Title:

 

Director

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007

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CBI CONSTRUCTORS PTY. LTD.

By:

 

/s/ Geoffrey Ronald Loft

Name:

 

Geoffrey Ronald Loft

Title:

 

Director

CBI ENGINEERING CONSULTANT (SHANGHAI) CO. LTD.

By:

 

/s/ Geoffrey Ronald Loft

Name:

 

Geoffrey Ronald Loft

Title:

 

Executive Director

CBI (PHILIPPINES), INC.

By:

 

/s/ Geoffrey Ronald Loft

Name:

 

Geoffrey Ronald Loft

Title:

 

Treasurer

CBI OVERSEAS, LLC

By:

 

/s/ Geoffrey Ronald Loft

Name:

 

Geoffrey Ronald Loft

Title:

 

Director

CBI CONSTRUCTORS (PNG) PTY. LIMITED

By:

 

/s/ Ross Adame

Name:

 

Ross Adame

Title:

 

Director

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007

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CBI CONSTRUCTORS LIMITED

By:

 

/s/ Kevin Forder

Name:

 

Kevin Forder

Title:

 

Director

CBI HOLDINGS (U.K.) LIMITED

By:

 

/s/ Kevin Forder

Name:

 

Kevin Forder

Title:

 

Director

CB&I UK LIMITED

By:

 

/s/ Kevin Forder

Name:

 

Kevin Forder

Title:

 

Director

CB&I LUMMUS CREST LTD.

By:

 

/s/ L.T.M. Kester

Name:

 

L.T.M. Kester

Title:

 

Managing Director

CB&I LUMMUS MALTA LIMITED

By:

 

/s/ L.T.M. Kester

Name:

 

L.T.M. Kester

Title:

 

Director

LUTECH RESOURCES LIMITED

By:

 

/s/ L.T.M. Kester

Name:

 

L.T.M. Kester

Title:

 

Director

NETHERLANDS OPERATING COMPANY B.V.

By:

 

/s/ Imre A. Csoti

Name:

 

Imre A. Csoti

Title:

 

Director

CB&I LUMMUS B.V.

By:

 

/s/ Imre A. Csoti

Name:

 

Imre A. Csoti

Title:

 

Director

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007

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

ARABIAN GULF MATERIAL SUPPLY COMPANY, LTD.

By:

 

/s/ Peter K. Bennett

Name:

 

Peter K. Bennett

Title:

 

Director

PACIFIC RIM MATERIAL SUPPLY COMPANY, LTD.

By:

 

/s/ Peter K. Bennett

Name:

 

Peter K. Bennett

Title:

 

Director

SOUTHERN TROPIC MATERIAL SUPPLY COMPANY, LTD.

By:

 

/s/ Peter K. Bennett

Name:

 

Peter K. Bennett

Title:

 

Director

CHICAGO BRIDGE & IRON (ANTILLES) N.V.

By:

 

/s/ Peter K. Bennett

Name:

 

Peter K. Bennett

Title:

 

Managing Director

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007

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

LUMMUS TECHNOLOGY HEAT TRANSFER B.V.

By:

 

/s/ Ronald A. Ballschmiede

Name:

 

Ronald A. Ballschmiede

Title:

 

Director

LEALAND FINANCE COMPANY B.V.

By:

 

/s/ Ronald A. Ballschmiede

Name:

 

Ronald A. Ballschmiede

Title:

 

Managing Director

CB&I LUMMUS PTE LTD.

By:

 

/s/ Ronald A. Ballschmiede

Name:

 

Ronald A. Ballschmiede

Title:

 

Director

CB&I OIL & GAS EUROPE B.V.

By:

 

/s/ Ronald A. Ballschmiede

Name:

 

Ronald A. Ballschmiede

Title:

 

Director

CBI COLOMBIANA S.A.

By:

 

/s/ Ronald A. Ballschmiede

Name:

 

Ronald A. Ballschmiede

Title:

 

Director

CHICAGO BRIDGE & IRON COMPANY B.V.

By:

 

/s/ Ronald A. Ballschmiede

Name:

 

Ronald A. Ballschmiede

Title:

 

Managing Director

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007

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

CB&I LUMMUS GLOBAL INTERNATIONAL CORPORATION By:  

/s/ John R. Albanese, Jr.

Name:   John R. Albanese, Jr. Title:   Vice President - Finance & Treasurer HUA
LU ENGINEERING CO., LTD. By:  

/s/ John R. Albanese, Jr.

Name:   John R. Albanese, Jr. Title:   Director LUMMUS CATALYST COMPANY LTD. By:
 

/s/ John R. Albanese, Jr.

Name:   John R. Albanese, Jr. Title:   Vice President & Treasurer CB&I LUMMUS
GLOBAL OVERSEAS CORPORATION By:  

/s/ John R. Albanese, Jr.

Name:   John R. Albanese, Jr. Title:   Vice President & Treasurer CATALYTIC
DISTILLATION TECHNOLOGIES (CDTECH) a Texas general partnership By:  

/s/ John R. Albanese, Jr.

Name:   John R. Albanese, Jr. Title:   Management Committee Member LUMMUS
TECHNOLOGY INC. By:  

/s/ John R. Albanese, Jr.

Name:   John R. Albanese, Jr. Title:   Senior Vice President, Chief Financial
Officer, & Treasurer

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007

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

CBI SERVICES, INC.

By:

 

/s/ Terrence G. Browne

Name:

 

Terrence G. Browne

Title:

 

Treasurer

WOODLANDS INTERNATIONAL INSURANCE COMPANY LIMITED

By:

 

/s/ Robert Havlick

Name:

 

Robert Havlick

Title:

 

Director

CB&I FINANCE COMPANY LIMITED

By:

 

/s/ Travis L. Stricker

Name:

 

Travis L. Stricker

Title:

 

Director

CBI HUNGARY HOLDING LIMITED LIABILITY COMPANY

By:

 

/s/ Sergio M. Lopez

Name:

 

Sergio M. Lopez

Title:

 

Managing Director

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007

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

LUMMUS NOVOLEN TECHNOLOGY GMBH

By:

 

/s/ Godofredo Follmer

Name:

 

Godofredo Follmer

Title:

 

Managing Director

CB&I LUMMUS GMBH

By:

 

/s/ Andreas Schwarzhaupt

Name:

 

Andreas Schwarzhaupt

Title:

 

Director

CB&I LUMMUS S.R.O.

By:

 

/s/ Hynek Jicinsky

Name:

 

Hynek Jicinsky

Title:

 

Managing Director

CBI PERUANA S.A.C.

By:

 

/s/ Peter Rano

Name:

 

Peter Rano

Title:

 

General Manager

HORTON CBI LIMITED

By:

 

/s/ Marc R. Beauregard

Name:

 

Marc R. Beauregard

Title:

 

President

 

Signature Page to Amendment No. 2 to

Chicago Bridge & Iron Company

Term Loan Agreement dated as of November 9, 2007