exv10w26wb





Exhibit 10.26(b)




EXHIBIT A-1




TO




TERM LOAN AGREEMENT




Commitments




	 	 	 	 	 
	Name of Lender	 	Commitment	 
	JPMorgan Chase Bank, National Association
	 	$	16,250,000	 
	Bank of America, N.A.
	 	$	16,250,000	 
	BNP Paribas
	 	$	13,000,000	 
	The Royal Bank of Scotland plc
	 	$	13,000,000	 
	Wells Fargo Bank, N.A.
	 	$	13,000,000	 
	Calyon New York Branch
	 	$	13,000,000	 
	Fortis Bank SA/NV, Cayman Islands Branch
	 	$	5,500,000	 
	Fifth Third Bank
	 	$	8,000,000	 
	Sumitomo Mitsui Banking Corporation
	 	$	8,000,000	 
	UBS Loan Finance LLC
	 	$	8,000,000	 
	U.S. Bank National Association
	 	$	8,000,000	 
	Credit Suisse, Cayman Islands Branch
	 	$	7,500,000	 
	ING Bank N.V.
	 	$	6,500,000	 
	Abu Dhabi International Bank Inc.
	 	$	5,750,000	 
	Capital One, National Association
	 	$	5,750,000	 
	The Northern Trust Company
	 	$	5,750,000	 
	Compass Bank
	 	$	4,875,000	 
	Standard Chartered Bank
	 	$	4,875,000	 
	Arab Banking Corporation (B.S.C.)
	 	$	4,500,000	 
	Bank of Texas, N.A.
	 	$	4,500,000	 






 


 









 





	 	 	 	 	 
	Name of Lender	 	Commitment	 
	Comerica Bank
	 	$	4,000,000	 
	Commerzbank AG, New York and Grand Cayman Branches
	 	$	4,000,000	 
	Deutsche Bank AG, New York Branch
	 	$	4,000,000	 
	HSBC Bank USA, National Association
	 	$	4,000,000	 
	Riyad Bank, Houston Agency
	 	$	4,000,000	 
	The Bank of Nova Scotia
	 	$	4,000,000	 
	Wachovia Bank, National Association
	 	$	4,000,000	 
	TOTAL
	 	$	200,000,000	 






 


2









 







EXHIBIT B




TO




TERM LOAN AGREEMENT




Form of Borrowing/Election Notice





	TO:  	 	JPMorgan Chase Bank, National Association, as contractual representative (the
“Administrative Agent”) under that certain Term Loan Agreement dated as of November 9,
2007 by and among Chicago Bridge & Iron Company N.V., as a Guarantor, Chicago Bridge & Iron
Company as borrower (the “Borrower”), the financial institutions from time to time
parties thereto as lenders (the “Lenders”) and the Administrative Agent (as the same
may be amended, restated, supplemented or otherwise modified from time to time, the “Term
Loan Agreement”).






The Borrower hereby gives to the Administrative Agent a Borrowing/Election Notice pursuant to
[Section 2.1][Section 2.7][Section 2.9(D)] of the Term Loan Agreement, and
the Borrower hereby requests to [borrow][convert] [continue] on                 ,      
(the [“Borrowing Date”][“Election Date”]) from the Lenders on a pro rata
basis an aggregate principal amount of [US $                    ] in Loans as a




	 	•	 	Floating Rate Advance

	 
	 	•	 	Eurodollar Rate Advance







	 	•	 	Applicable Interest Period of            month(s).






[The undersigned hereby certifies to the Administrative Agent and the Lenders that (i) the
representations and warranties of the undersigned contained in Article VI of the Term Loan
Agreement are and shall be true and correct on and as of the date hereof and on and as of the
Borrowing Date (unless such representation and warranty is made as of a specified date, in which
case, such representation and warranty shall be true and correct as of such date) except for
changes in the Schedules to the Term Loan Agreement affecting transactions permitted by or not in
violation of the Term Loan Agreement; (ii) no Default or Unmatured Default has occurred and is
continuing on the date hereof or on the Borrowing Date; and (iii) the conditions set forth in
Sections 5.2 of the Term Loan Agreement have been satisfied.]


 


 









 





Unless otherwise defined herein, terms defined in the Term Loan Agreement shall have the same
meanings in this Borrowing/Election Notice.



Dated                           ,



	 	 	 	 	 
	 	CHICAGO BRIDGE & IRON COMPANY

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 



 


2









 






EXHIBIT C




TO




TERM LOAN AGREEMENT




[Reserved]



 


 









 






EXHIBIT D




TO




TERM LOAN AGREEMENT




Form of Assignment and Acceptance Agreement





This Assignment Agreement (this “Assignment Agreement”) between                                          (the “Assignor”) and         
                                
(the “Assignee”) is dated as of                     , 20     . The parties hereto agree as follows:



(1) PRELIMINARY STATEMENT. The Assignor is a party to a Term Loan Agreement (which,
as it may be amended, modified, renewed or extended from time to time is herein called the “Term
Loan Agreement”) described in Item 1 of Schedule 1 attached hereto (“Schedule 1”). Capitalized
terms used herein and not otherwise defined herein shall have the meanings attributed to them in
the Term Loan Agreement.



(2) ASSIGNMENT AND ASSUMPTION. The Assignor hereby sells and assigns to the Assignee,
and the Assignee hereby purchases and assumes from the Assignor, an interest in and to the
Assignor’s rights and obligations under the Term Loan Agreement and the other Loan Documents, such
that after giving effect to such assignment the Assignee shall have purchased pursuant to this
Assignment Agreement the percentage interest specified in Item 3 of Schedule 1 of all outstanding
rights and obligations under the Term Loan Agreement and the other Loan Documents relating to the
facilities listed in Item 3 of Schedule 1. The aggregate Commitment (or Loans, if the applicable
Commitment has been terminated) purchased by the Assignee hereunder is set forth in Item 4 of
Schedule 1.



(3) EFFECTIVE DATE. The effective date of this Assignment Agreement (the “Effective
Date”) shall be the later of the date specified in Item 5 of Schedule 1 or two Business Days (or
such shorter period agreed to by the Administrative Agent) after this Assignment Agreement,
together with any consents required under the Term Loan Agreement, are delivered to the
Administrative Agent. In no event will the Effective Date occur if the payments required to be made
by the Assignee to the Assignor on the Effective Date are not made on the proposed Effective Date.



(4) PAYMENT OBLIGATIONS. In consideration for the sale and assignment of Loans
hereunder, the Assignee shall pay the Assignor, on the Effective Date, the amount agreed to by the
Assignor and the Assignee. On and after the Effective Date, the Assignee shall be entitled to
receive from the Administrative Agent all payments of principal, interest and fees with respect to
the interest assigned hereby. The Assignee will promptly remit to the Assignor any interest on
Loans and fees received from the Administrative Agent which relate to the portion of the Commitment
or Loans assigned to the Assignee hereunder for periods prior to the Effective Date and not
previously paid by the Assignee to the Assignor. In the event that either party hereto receives
any payment to which the other party hereto is entitled under this Assignment
Agreement, then the party receiving such amount shall promptly remit it to the other party
hereto.


 


2









 





(5) RECORDATION FEE. The Assignor and Assignee each agree to pay one-half of the
recordation fee required to be paid to the Administrative Agent in connection with this Assignment
Agreement unless otherwise specified in Item 6 of Schedule 1.



(6) REPRESENTATIONS OF THE ASSIGNOR; LIMITATIONS ON THE ASSIGNOR’S LIABILITY. The
Assignor represents and warrants that (i) it is the legal and beneficial owner of the interest
being assigned by it hereunder, (ii) such interest is free and clear of any adverse claim created
by the Assignor and (iii) the execution and delivery of this Assignment Agreement by the Assignor
is duly authorized. It is understood and agreed that the assignment and assumption hereunder are
made without recourse to the Assignor and that the Assignor makes no other representation or
warranty of any kind to the Assignee. Neither the Assignor nor any of its officers, directors,
employees, agents or attorneys shall be responsible for (i) the due execution, legality, validity,
enforceability, genuineness, sufficiency or collectability of any Loan Document, including without
limitation, documents granting the Assignor and the other Lenders a security interest in assets of
the Borrowers or any guarantor, (ii) any representation, warranty or statement made in or in
connection with any of the Loan Documents, (iii) the financial condition or creditworthiness of the
Borrowers or any guarantor, (iv) the performance of or compliance with any of the terms or
provisions of any of the Loan Documents, (v) inspecting any of the property, books or records of
the Borrowers, (vi) the validity, enforceability, perfection, priority, condition, value or
sufficiency of any collateral securing or purporting to secure the Loans or (vii) any mistake,
error of judgment, or action taken or omitted to be taken in connection with the Loans or the Loan
Documents. Such assignment is without recourse to the Assignor.



(7) REPRESENTATIONS AND UNDERTAKINGS OF THE ASSIGNEE. The Assignee (i) confirms that
it has received a copy of the Term Loan Agreement, together with copies of the financial statements
requested by the Assignee and such other documents and information as it has deemed appropriate to
make its own credit analysis and decision to enter into this Assignment Agreement, (ii) agrees that
it will, independently and without reliance upon the Administrative Agent, the Assignor or any
other Lender and based on such documents and information at it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under the Loan Documents,
(iii) appoints and authorizes the Administrative Agent to take such action as agent on its behalf
and to exercise such powers under the Loan Documents as are delegated to the Administrative Agent
by the terms thereof, together with such powers as are reasonably incidental thereto, (iv) confirms
that the execution and delivery of this Assignment Agreement by the Assignee is duly authorized,
(v) agrees that it will perform in accordance with their terms all of the obligations which by the
terms of the Loan Documents are required to be performed by it as a Lender, (vi) agrees that its
payment instructions and notice instructions are as set forth in the attachment to Schedule 1,
(vii) confirms that none of the funds, monies, assets or other consideration being used to make the
purchase and assumption hereunder are “plan assets” as defined under



 


3









 






ERISA and that its rights, benefits and interests in and under the Loan Documents will not be
“plan assets” under ERISA, (viii) agrees to indemnify and hold the Assignor harmless against all
losses, costs and expenses (including, without limitation, reasonable attorneys’ fees) and
liabilities incurred by the Assignor in connection with or arising in any manner from the
Assignee’s non-performance of the obligations assumed under this Assignment Agreement, (ix) if
applicable, attaches the forms prescribed by the Internal Revenue Service of the United States
certifying that the Assignee is entitled to receive payments under the Loan Documents without
deduction or withholding of any United States federal income taxes and (x) it has made its own
independent appraisal of risks arising under or in connection with any Loan Documents.



(8) GOVERNING LAW. THIS ASSIGNMENT AGREEMENT SHALL BE GOVERNED BY THE INTERNAL LAW
(INCLUDING, WITHOUT LIMITATION 735 ILCS 105/5-1 ET SEQ., BUT OTHERWISE WITHOUT REGARD TO LAW OF
CONFLICTS) OF THE STATE OF ILLINOIS.



(9) NOTICES. Notices shall be given under this Assignment Agreement in the manner set
forth in the Term Loan Agreement. For the purpose hereof, the addresses of the parties hereto
(until notice of a change is delivered) shall be the address set forth in the attachment to
Schedule 1.



(10) COUNTERPARTS; DELIVERY BY FACSIMILE. This Assignment Agreement may be executed
in counterparts. Transmission by facsimile of an executed counterpart of this Assignment Agreement
shall be deemed to constitute due and sufficient delivery of such counterpart and such facsimile
shall be deemed to be an original counterpart of this Assignment Agreement.



IN WITNESS WHEREOF, the duly authorized officers of the parties hereto have executed this
Assignment Agreement by executing Schedule 1 hereto as of the date first above written.




 


4











 





SCHEDULE 1

To Assignment Agreement




1. Description and Date of Term Loan Agreement. That certain Term Loan Agreement, dated as
of November 9, 2007, by and among Chicago Bridge & Iron Company N.V., as Guarantor, Chicago Bridge
& Iron Company, as borrower (the “Borrower”), the lenders from time to time parties thereto
(the “Lenders”) and JPMorgan Chase Bank, National Association, as contractual
representative on behalf of itself and the other Lender (the “Administrative Agent”).



	 	 	 	 	 
	2.

	 	Date of Assignment Agreement.
	 	                    , 200   
	 
	 	 	 	 
	3.

	 	Amounts (As of Date of Item 2 above):
	 	$______________
	 
	 	 	 	 
	 

	 	Assignee’s percentage of the Facility purchased
under the Assignment Agreement*


Amount of the Facility purchased under the
Assignment Agreement**
	 	______________ %


$______________
	 
	 	 	 	 
	4.

	 	Assignee’s Commitment (or Loans with respect to
terminated Commitment) purchased hereunder:
	 	$______________
	 
	 	 	 	 
	5.

	 	Proposed Effective Date:
	 	_______________
	 
	 	 	 	 
	6.

	 	Non-standard Recordation Fee Arrangement:
	 	N/A** [Assignor/Assignee
to pay 100%
of fee]






	 	 	 
	Accepted and Agreed:
	 	 
	 
	 	 
	[NAME OF ASSIGNOR]

	 	[NAME OF ASSIGNEE]
	 
	 	 
	By:

	 	By:
	Title:

	 	Title:






 


 









 





	 	 	 
	ACCEPTED AND CONSENTED TO***

	 	ACCEPTED AND CONSENTED TO
	BY

	 	BY
	 
	 	 
	CHICAGO BRIDGE & IRON COMPANY

	 	JPMORGAN CHASE BANK,
	 

	 	NATIONAL ASSOCIATION, AS
	 

	 	ADMINISTRATIVE AGENT
	 
	 	 
	By:

	 	By:
	Title:

	 	Title:








	 	 	 
	*	 	Percentage taken to 10 decimal places

	 
	**	 	If fee is split 50-50, pick N/A as option

	 
	***	 	So long as no Default shall have occurred and is continuing




 


2









 









ATTACHMENT TO

SCHEDULE 1 to ASSIGNMENT AGREEMENT




ADMINISTRATIVE INFORMATION SHEET




Attach Assignor’s Administrative Information Sheet, which must

include notice addresses for the Assignor and the Assignee

(Sample form shown below)




ASSIGNOR INFORMATION




Contact:




	 	 	 
	Name:

	 	Telephone No.:
	Fax No.:

	 	Telex No.:
	 

	 	Answerback:






Payment Information:



Name & ABA # of Destination Bank:



Account Name & Number for Wire Transfer:



Other Instructions:




Address for Notices for Assignor:




ASSIGNEE INFORMATION




Credit Contact:




	 	 	 
	Name:

	 	Telephone No.:
	Fax No.:

	 	Telex No.:
	 

	 	Answerback:






Key Operations Contacts:



	 	 	 
	Booking Installation:

	 	Booking Installation:
	Name:

	 	Name:
	Telephone No.:

	 	Telephone No.:
	Fax No.:

	 	Fax No.:
	Telex No.:

	 	Telex No.:
	Answerback:

	 	Answerback:






 


 









 





Payment Information:



Name & ABA # of Destination Bank:



Account Name & Number for Wire Transfer:



Other Instructions:




Address for Notices for Assignee:




 


2









 







JPMORGAN INFORMATION




Assignee will be called promptly upon receipt of the signed agreement.




	 	 	 
	Initial Funding Contact:

	 	Subsequent Operations Contact:
	Name:

	 	Name:
	Telephone No.:

	 	Telephone No.:
	Fax No.:

	 	Fax No.:
	 

	 	JPMorgan Telex No.:






Initial Funding Standards:


Libor — Fund 2 days after rates are set.




JPMorgan Wire Instructions:



[JPMORGAN TO CONFIRM]




 


3









 







EXHIBIT E-1




TO




TERM LOAN AGREEMENT




Form of Borrower’s US Counsel’s Opinion(s)




Attached



 


 









 





EXHIBIT E-2




TO




TERM LOAN AGREEMENT




Form of Borrower’s Foreign Counsel’s Opinion(s)




Attached



 


 









 





EXHIBIT E-3




TO




TERM LOAN AGREEMENT




List of Closing Documents



 


 









 





EXHIBIT F




TO




TERM LOAN AGREEMENT




Form of Officer’s Certificate




I, the undersigned, hereby certify that I am the                      of CHICAGO BRIDGE & IRON
COMPANY N.V., a corporation duly organized and existing under the laws of the Kingdom of the
Netherlands (the “Company”). Capitalized terms used herein and not otherwise defined
herein are as defined in that that certain Term Loan Agreement dated as of November 9, 2007 by and
among the Company, as Guarantor, Chicago Bridge & Iron Company, as borrower (the
“Borrower”), the financial institutions from time to time parties thereto as lenders (the
“Lenders”) and JPMorgan Chase Bank, National Association, as contractual representative for
itself and the other Lenders (the “Administrative Agent”) (as the same may be amended,
restated, supplemented or otherwise modified from time to time, the “Term Loan Agreement”).



I further certify on behalf of the Company, that as of the date hereof, to the best of my
knowledge, after diligent inquiry of all relevant persons at the Company and its Subsidiaries, no
Default or Unmatured Default exists [other than the following (describe the nature of the Default
or Unmatured Default and the status thereof)].



IN WITNESS WHEREOF, I hereby subscribe my name on behalf of the Company on this            day of
                    ,           .



	 	 	 	 	 
	 	CHICAGO BRIDGE & IRON COMPANY N.V. 	 
	 	By: Chicago Bridge & Iron Company B.V., its Managing Director
 	 
	 	 	 
	 	By:  	
 	 
	 	 	Title: 	 	 
	 	 	 	 



 


 









 





	 	 	 	 	 



EXHIBIT G




TO




TERM LOAN AGREEMENT




Form of Compliance Certificate





Pursuant to Section 7.1(A)(iii) of that certain Term Loan Agreement dated as of
November 9, 2007 by and among Chicago Bridge & Iron Company N.V. (the “Company”), as a
Guarantor, Chicago Bridge & Iron Company, as borrower (the “Borrower”), the financial
institutions from time to time parties thereto as lenders (the “Lenders”), and JPMorgan
Chase Bank, National Association, as contractual representative for itself and the other Lenders
(the “Administrative Agent”) (as the same may be amended, restated, supplemented or
otherwise modified from time to time, the “Term Loan Agreement”), the Company, through its
respective                                         , hereby delivers to the Administrative Agent [, together
with the financial statements being delivered to the Administrative Agent pursuant to Section
7.1(A) of the Term Loan Agreement,] this Compliance Certificate (the “Certificate”)
[for the accounting period from                     , 20      to                     , 20     ] (the “Accounting
Period”). Capitalized terms used herein shall have the meanings set forth in the Term Loan
Agreement. Subsection references herein relate to subsections of the Term Loan Agreement.




THE UNDERSIGNED HEREBY CERTIFIES THAT:


1. I am the duly elected                      of the Company;



2. I have reviewed the terms of the Term Loan Agreement and I have made, or have caused to be made
under my supervision, a detailed review of the transactions and conditions of the Borrower and its
Subsidiaries during the accounting period covered by the attached financial statements;



3. The examinations described in paragraph 2 did not disclose, and I have no knowledge of, the
existence of any condition or event which constitutes a Default or Unmatured Default during or at
the end of the accounting period covered by the attached financial statements or as of the date of
this Certificate [except as set forth below]; and



4. Schedule I attached hereto sets forth financial data and computations evidencing the Borrower’s
compliance with certain covenants of the Term Loan Agreement, all of which data and computations
are true, complete and correct.




 


 









 







The foregoing certifications, together with the computations set forth in Schedule I hereto and the
financial statements delivered with this Certificate in support hereof, are made and delivered this
           day of                     , 20     .



The Company hereby certifies on behalf of itself and the Borrower through its                     , that
the information set forth herein and on the attached Schedule I hereto is accurate as of
                    ,           , to the best of such officer’s knowledge, after diligent inquiry, and that
the financial statements delivered herewith present fairly the financial position of the Borrower
and its Subsidiaries at the dates indicated and the results of their operations and changes in
their financial position for the periods indicated in conformity with Agreement Accounting
Principles, consistently applied.



Dated                     ,      




	 	 	 	 	 
	 	CHICAGO BRIDGE & IRON COMPANY N.V.
 	 
	 	By: Chicago Bridge & Iron Company B.V., its Managing Director
 	 
	 	 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 




 


 











 




SCHEDULE I




to




COMPLIANCE CERTIFICATE





	I.	 	FINANCIAL COVENANTS

	 
	A.	 	MAXIMUM LEVERAGE RATIO (Section 7.4(A))






	 	 	 	 	 	 	 	 	 
	(1)	 	Adjusted Indebtedness	 	 	 	$                    
	 
	 	 	 	 	 	 	 	 
	(2)	 	EBITDA	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	(a)
	 	Consolidated Net Income
	 	 	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	(b)
	 	Interest Expense
	 	+
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	(c)
	 	Taxes
	 	+
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	(d)
	 	Non-recurring non-cash charges
	 	+
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	(e)
	 	Extraordinary losses incurred other than in
the ordinary course of business
	 	+
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	(f)
	 	Non-recurring non-cash credits
	 	-
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	(g)
	 	Extraordinary gains realized other than in
the ordinary course of business
	 	-
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	(h)
	 	Non-recurring after-tax losses
	 	+
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	(i)
	 	EBIT
	 	=
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	(j)
	 	Depreciation
	 	+
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	(k)
	 	Amortization
	 	+
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	(l)
	 	EBITDA
	 	=
	 	$                    
	 
	 	 	 	 	 	 	 	 
	(3)	 	“Leverage Ratio” (Ratio of item (1) to (2)(l))	 	 	 	          to 1.00
	 
	 	 	 	 	 	 	 	 
	(4)	 	Maximum Leverage Ratio	 	 	 	2.50 to 1.00







	B.	 	MINIMUM FIXED CHARGE COVERAGE RATIO (Section 7.4(B))







	 	(1)	 	Consolidated Net Income Available for Fixed Charges





 


 









 












	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(a)
	 	Net Income
	 	 	 	$                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(b)
	 	Extraordinary gains
	 	-
	 	$                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(c)
	 	Extraordinary losses
	 	+
	 	$                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(d)
	 	Other excluded earnings
	 	-
	 	$                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(e)
	 	Consolidated Net Income
	 	=
	 	$                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(f)
	 	Provisions for Income Taxes
	 	+
	 	$                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(g)
	 	Consolidated Fixed Charges (item 2(c))
	 	+
	 	$                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(h)
	 	Consolidated Net Income Available for Fixed Charges	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	(item 1(e) plus 1(f) plus 1(g))
	 	+
	 	$                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(2	)	 	Consolidated Fixed Charges	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(a)
	 	Consolidated Long-Term Lease Rentals
	 	 	 	$                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(b)
	 	consolidated interest expense
	 	+
	 	$                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(c)
	 	Consolidated Fixed Charges
	 	=
	 	$                    
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(3	)	 	Fixed Charge Coverage Ratio (Ratio of (1)(h) to (2)(c)	 	 	 	            to 1.00
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(4	)	 	Minimum Fixed Charge Coverage Ratio	 	 	 	1.75 to 1.00 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	C.	 	 	MINIMUM CONSOLIDATED NET WORTH (Section 7.4(C)).	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(1	)	 	State whether Consolidated Net Worth (as defined) was
less than the sum of (a) $473,954,000, plus (b) fifty
percent (50%) of the sum of Consolidated Net Income (if
positive) calculated separately for each fiscal quarter
commencing with the fiscal quarter ending on September 30,
2007, plus 75% of the amount by which stockholders’ equity of
the Company is, in accordance with Agreement Accounting
Principles, adjusted from time to time as a result of the
issuance of any Equity Interests after September 30, 2007
minus the Executive Equity Repurchase Payment.	 	 	 	Yes/No








 


 









 






	II.	 	OTHER MISCELLANEOUS PROVISIONS

	 
	A.	 	SUBSIDIARY INDEBTEDNESS (Section 7.3(A))






	 	 	 	 	 
	(1)

	 	Aggregate principal amount of unsecured Indebtedness
from Lealand Finance Company B.V. to any Subsidiary of the
Company (other than a Subsidiary Guarantor)
[Maximum: $50,000,000]
	 	$                    
	 
	 	 	 	 
	(2)

	 	Aggregate amount of letters of credit and bank
guarantees for workmen’s compensation claims and social
security programs [Maximum: $60,000,000]
	 	$                    
	 
	 	 	 	 
	(3)

	 	Aggregate principal amount of other Indebtedness,
including Permitted Existing Indebtedness, incurred by the
Subsidiaries not otherwise permitted under Section 7.3(A)
[Maximum: $20,000,000][Please attached a detailed schedule
setting forth all such Subsidiary Indebtedness]
	 	$                    







	B.	 	ASSET SALES (Section 7.3(B))






	 	 	 	 	 
	(1)

	 	Aggregate book value of assets acquired from Pitt-Des
Moines Inc. and identified in a ruling by the Federal Trade
Commission requiring the divestiture of such assets	 	 
	 

	 	[Maximum: $15,000,000]
	 	$                    
	 
	 	 	 	 
	(2)

	 	State whether any asset sales (other than (i) sales of
inventory in the ordinary course of business, (ii) dispositions
of obsolete equipment in the ordinary course, (iii) transfers
of assets between the Company and its wholly-owned
Subsidiaries, (iv) Permitted Sale and Leaseback Transactions
pursuant to Section 7.3(B)(iv), and (v) the sale or other
disposition of (a) all of the assets comprising the UltraPure
System business operations of the Company, and (b) all of the
assets comprising the XL Technology Systems, Inc. business unit
of the Company on terms ordered by FTC or otherwise reasonably
acceptable to the Administrative Agent) have occurred.
	 	Yes/No
	 
	 	 	 	 
	(3)

	 	If yes, attach as a schedule hereto the details of such
asset sales and calculation of compliance with Sections 2.4(B),
2.5(B) and 7.3(B)(vi).	 	 






C. INVESTMENTS (Section 7.3(D))



	 	 	 	 	 
	(1)

	 	Aggregate amount of Investments in joint ventures
	 	$                    
	 

	 	[Maximum: $150,000,000]	 	 
	 
	 	 	 	 
	(2)

	 	Aggregate amount of Investments not otherwise permitted
under Sections 7.3(D)(i) through (ix)
	 	$                    
	 

	 	[Maximum: $20,000,000]	 	 






 


 









 






	D.	 	RESTRICTED PAYMENTS (Section 7.3(S))






	 	 	 	 	 
	(1)

	 	Aggregate amount of Restricted Payments made or paid by the
Company or any Subsidiary
	 	$                    
	 

	 	Maximum: $100,000,000	 	 








	E.	 	MATERIAL SUBSIDIARY CALCULATIONS (Sections 7.2(K) and 7.3(Q))

	 
	 	 	Material Subsidiaries







	 	(1)	 	Set forth below is a list of all Material Subsidiaries
of the Company and each other Subsidiary of the Company that
guarantees Indebtedness of the Company. Also set forth below
is an indication of whether such Subsidiaries are parties to
the Guaranty.






	 	 	 
	 	 	Signatory to
	 	 	Subsidiary Guaranty
	Name of Material Subsidiaries and Jurisdiction of Formation	 	(Yes/No)
	 

	 	Yes
	 
	 	 
	 

	 	Yes






 


 









 





EXHIBIT H




TO




TERM LOAN AGREEMENT




Form of Subsidiary Guaranty




Attached





 


 











 




EXHIBIT I




TO




TERM LOAN AGREEMENT




Form of Note




			
	 	 	 
	$                                        
	 	Chicago, Illinois

[DATE]             






FOR VALUE RECEIVED, the undersigned, CHICAGO BRIDGE & IRON COMPANY, a corporation organized
under the laws of [                                        ] (the “Borrower”), HEREBY UNCONDITIONALLY PROMISES TO PAY
to the order of [                                        ]
(the “Lender”) the principal sum of
[                                        ] AND
NO/100 DOLLARS ($[                                        ]), or, if less, the aggregate unpaid principal amount of all Loans
(as defined in the Term Loan Agreement referred to below) made by the Lender to such Borrower
pursuant to the “Term Loan Agreement” (as defined below), on the “Termination Date” (as such term
is defined in the Term Loan Agreement) or on such earlier date as may be required by the terms of
the Term Loan Agreement. Capitalized terms used herein and not otherwise defined herein are as
defined in the Term Loan Agreement.



The Borrower promises to pay interest on the unpaid principal amount of each Loan made to it
from the date of such Loan until such principal amount is paid in full at a rate or rates per annum
determined in accordance with the terms of the Term Loan Agreement. Interest hereunder is due and
payable at such times and on such dates as set forth in the Term Loan Agreement.



At the time of each Loan, and upon each payment or prepayment of principal of each Loan, the
Lender shall make a notation either on the schedule attached hereto and made a part hereof, or in
such Lender’s own books and records, in each case specifying the amount of such Loan, the
respective Interest Period thereof (in the case of Eurodollar Rate Loans) or the amount of
principal paid or prepaid with respect to such Loan, as applicable; provided that the
failure of the Lender to make any such recordation or notation shall not affect the Obligations of
the Borrower hereunder or under the Term Loan Agreement.



This Note is one of the promissory notes referred to in, and is entitled to the benefits of,
that certain Term Loan Agreement dated as of November 9, 2007 by and among the Borrower, Chicago
Bridge & Iron Company N.V., as a Guarantor, the financial institutions from time to time parties
thereto as Lenders and JPMorgan Chase Bank, National Association, as Administrative Agent (as the
same may be amended, restated, supplemented or otherwise modified from time to time, the “Term
Loan Agreement”). The Term Loan Agreement, among other things, (i) provides for the making of
Loans by the Lender to the Borrower from time to time in an aggregate amount not to exceed at any
time outstanding such Lender’s Commitment, the indebtedness of the Borrower resulting from each
such Loan to it being evidenced by this Note, and (ii) contains provisions for acceleration of the
maturity hereof upon the happening of certain stated events and also for prepayments of the
principal hereof prior to the maturity hereof upon the terms and conditions therein specified.



Demand, presentment, protest and notice of nonpayment and protest are hereby waived by the
Borrower. Whenever in this Note reference is made to the Administrative Agent, the Lender or the
Borrower, such reference shall be deemed to include, as applicable, a reference to their respective




 









 






successors and assigns. The provisions of this Note shall be binding upon and shall inure to the
benefit of
said successors and assigns. The Borrower’s successors and assigns shall include, without
limitation, a receiver, trustee or debtor in possession of or for the Borrower.



This Note shall be interpreted, and the rights and liabilities of the parties hereto
determined, in accordance with the internal laws (including Section 735 ILCS 105/5-1 et seq. but
otherwise without regard to the conflicts of laws provisions) of the State of Illinois.



	 	 	 	 	 
	 	CHICAGO BRIDGE & IRON COMPANY, 
as the Borrower

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 




2









 





	 	 	 	 	 



SCHEDULE OF LOANS AND PAYMENTS OR PREPAYMENTS




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Amount of	 	 	 	 	 	 	 
	 	 	 	 	 	 	Type of	 	 	Interest	 	 	Principal	 	 	Unpaid	 	 	 	 
	 	 	Amount of	 	 	Loan	 	 	Period/	 	 	Paid or	 	 	Principal	 	 	Notation	 
	Date	 	Loan	 	 	Currency	 	 	Rate	 	 	Prepaid	 	 	Balance	 	 	Made By	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 







 









 





EXHIBIT J




TO




TERM LOAN AGREEMENT




Form of Designation Agreement




Dated                     , 20__     




Reference is made to the Term Loan Agreement dated as of November 9, 2007 (as amended or
otherwise modified from time to time, the “Term Loan Agreement”) among Chicago Bridge &
Iron Company N.V., a corporation organized under the laws of the Kingdom of the Netherlands (the
“Company”), as a Guarantor, Chicago Bridge & Iron Company, as borrower (the
“Borrower”), the lenders from time to time party thereto (the “Lenders”), and
JPMorgan Chase Bank, National Association, as Administrative Agent,                                         . Terms defined
in the Term Loan Agreement are used herein as therein defined.



                     (the “Designating Lender”),                      (the “Designated Lender”),
and the Company, on behalf of itself and the Borrower, agree as follows:




	1.	 	The Designating Lender hereby designates the Designated Lender, and the Designated Lender
hereby accepts such designation, as its Designated Lender under the Term Loan Agreement.

	 
	2.	 	The Designating Lender makes no representations or warranty and assumes no responsibility
with respect to the financial condition of the Borrower or the performance or observance by
the Borrower of any of its obligations under the Term Loan Agreement or any other instrument
or document furnished pursuant thereto.

	 
	3.	 	The Designated Lender (i) confirms that it has received a copy of the Term Loan Agreement,
together with copies of the financial statements referred to in Article VII thereof and such
other documents and information as it has deemed appropriate to make its own credit analysis
and decision to enter into this Designation Agreement; (ii) agrees that it will, independently
and without reliance upon the Administrative Agent, the Designating Lender or any other Lender
and based on such documents and information as it shall deem appropriate at the time, continue
to make its own credit decisions in taking or not taking any action it may be permitted to
take under the Term Loan Agreement; (iii) confirms that it is an Eligible Designated Lender;
(iv) appoints and authorizes the Designating Lender as its administrative agent and
attorney-in-fact and grants the Designating Lender an irrevocable power of attorney to receive
payments made for the benefit of the Designated Lender under the Term Loan Agreement and to
deliver and receive all communications and notices under the Term Loan Agreement, if any, that
Designated Lender is obligated to deliver or has the right to receive thereunder; (v)
acknowledges that it is subject to and bound by the confidentiality provisions of the Term
Loan Agreement (except as permitted under Section 14.4 and Section 14.5
thereof); and (vi) acknowledges that the Designating Lender retains the sole right and
responsibility to vote under the Term Loan Agreement, including, without limitation, the right
to approve any amendment, modification or waiver of any provision of the Term Loan Agreement,
and agrees that the Designated Lender shall be bound by all such votes, approvals, amendments,
modifications and waivers and all other agreements of the Designating Lender pursuant to or in
connection with the Term Loan Agreement.






 









 












	4.	 	Following the execution of this Designation Agreement by the Designating Lender, the
Designated Lender and the Company, it will be delivered to the Administrative Agent for
acceptance and recording by the Administrative Agent. The effective Date of this Designation
Agreement shall be the date of acceptance thereof by the Administrative Agent, unless
otherwise specified on the signature page hereto (the “Effective Date”).

	 
	5.	 	Upon such acceptance and recording by the Administrative Agent, as of the Effective Date (a)
the Designated Lender shall have the right to make Loans as a Lender pursuant to Section 2.1
or 2.2 of the Term Loan Agreement and the rights of a Lender related thereto and (b) the
making of any such Loans by the Designated Lender shall satisfy the obligations of the
Designating Lender under the Term Loan Agreement to the same extent, and as if, such Loans
were made by the Designating Lender.

	 
	6.	 	This Designation Agreement shall be governed by, and construed 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.






IN WITNESS WHEREOF, the parties have caused this Designation Agreement to be executed by their
respective officers hereunto duly authorized, as of the date first above written.



Effective Date1:



	 	 	 	 	 
	 	[NAME OF DESIGNATING LENDER]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	[NAME OF DESIGNATED LENDER]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	CHICAGO BRIDGE & IRON COMPANY N.V.



By: Chicago Bridge & Iron Company B.V., its Managing Director

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 





 




	 	 	 
	1	 	This date should be no earlier than the date of
acceptance by the Administrative Agent.



 


2









 










Accepted and Approved this


 _____ 
day of                     ,
 _____ 




	 	 	 	 	 
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION as Administrative

Agent

 	 
	By:  	 	 
	 	Title: 	 	 
	 	 	 
	 




 


3











 





			
	
	 	Law Department



CB&IOne CB&I Plaza

2103 Research Forest Drive

The Woodlands, TX 77380-2624

USA

Tel: +1 832 513 1000

Fax: +1 832 513 1094

www.CBI.com






November 9, 2007




Each of the Lenders party

to the Term Loan Agreement

referred to below and

JPMorgan Chase Bank, National

Association, as

Administrative Agent





			
	     Re:	 	Chicago Bridge &




Iron Company Ladies and



Gentlemen:




     I have acted as United States counsel to Chicago Bridge & Iron Company
N.V., a company incorporated in The Netherlands (the
“Company”) and Chicago Bridge & Iron Company, a
corporation incorporated under the laws of the State of Delaware (the
“Borrower”) in connection with the execution and delivery
of the Term Loan Agreement (the “Term Loan Agreement”),
dated as of the date hereof, among the Company, as a guarantor, the Borrower,
the lenders party thereto (the “Lenders”) and JPMorgan
Chase Bank, National Association, as administrative agent for the Lenders (the
“Administrative Agent”).



     This opinion is furnished to you pursuant to Section 5.1(v) of the
Term Loan Agreement. Capitalized terms used herein without definition shall
have the meanings specified in the Term Loan Agreement.



     In connection with the opinions expressed herein, I have examined the
following documents:




	 	(i)	 	the Term Loan Agreement; and










 









 





			
	 	 	 
	
	 	November 9, 2007

Page 2







	 	(ii)	 	each promissory note, dated as of the date hereof (if any),
to be executed and delivered pursuant to Section 2.12(D) of the
Term Loan Agreement.





     The documents referred to in clauses (i) and (ii) above are collectively
referred to herein as the “Loan Documents.”



                 In rendering this opinion to you, I have assumed, without inquiry:





(a) ( i)the genuineness of all signatures other than those on behalf of the Company and the
Borrower on original copies of the Loan Documents; (ii) the conformity to the original
documents of all documents submitted to me as copies and t e’ authenticity of all documents
submitted to me as originals; (iii) the due authorization, execution and delivery of


the Loan Documents by each of the parties thereto other than the Company (solely with respect to
execution and delivery) and the Borrower and (iv) the validity and enforceability of the Loan
Documents against each of the parties thereto other than the Company and the Borrower;




     (b) that the execution, delivery and performance of the Loan Documents by each party thereto
do not conflict with or constitute a violation of any law or governmental rule or regulation of
(i) the State of Delaware other than the General Corporation Law of the State of Delaware (the
“DGCL”) or (ii) any jurisdiction other than the United States of America and the State of
Illinois;



     (c) that the execution, delivery and performance of the Loan Documents by each party thereto
other than, with respect to clauses (ii) and (iii) below, as applicable to the Company, and with
respect to clauses (i), (ii) and (iii) below, as applicable to the Borrower, do not breach,
conflict with or constitute a violation of or default under (i) the certificate or articles of
association or incorporation, by-laws or any other charter or governing document of such party;
(ii) any agreement, instrument or document to which any such party was, or is, a party or by which
any such party or any of its properties was, or is, bound or (iii) any order, judgment or decree
to which any such party was, or is, bound or subject or by which any of its properties was, or is,
bound; and



     (d) that any consideration contemplated to be given on the Closing Date by any party in any
of the Loan Documents was given on the Closing Date.



     Based upon the foregoing assumptions and subject to the limitations, qualifications and
exceptions hereinafter set forth, I am of the opinion that:



     1. The Borrower on the date hereof (a) is a corporation duly organized and validly existing
under the laws of the jurisdiction of its organization, (b) has all requisite



 









 




corporate power and
authority to own its property and assets and to carry on its business as now conducted and as
proposed to be conducted, (c) is duly qualified as a foreign corporation to transact business and
is in good standing in its jurisdiction of incorporation and each jurisdiction where such
qualification is required, except where the failure to be so qualified or be in good standing
could not reasonably be expected to result in a Material Adverse Effect, and (d) has the corporate
power and authority to execute, deliver and perform its obligations under each Loan Document to
which it is a party including to borrow in accordance with the Term Loan Agreement.




     2. The execution, delivery and performance of each Loan Document by the Company and the
Borrower on the date hereof, and the consummation of the transactions contemplated thereby (a)
with respect to the Borrower, have been duly authorized by all requisite corporate action of the
Borrower and (b) with respect to the following clauses (i)(B), (i)(C), (ii) and (iii) as
applicable to the Company and for all of the following clauses (i), (ii) and (iii) as applicable
to the Borrower will not (i) violate (A) any provision of the certificate of incorporation or
by-laws of the Borrower, (B) any applicable federal or Illinois State law, statute, rule or
regulation, the DGCL or any order of any federal or Illinois State Governmental Authority with
jurisdiction over the Company or the Borrower or such



 









 





			
	
	 	November 9, 2007

Page 3





Person’s properties or the Chancery Court, appellate courts or Secretary of State of the State
of Delaware or (C) any provision of any indenture or other material agreement or instrument
known to me to which the Company or the Borrower is a party or by which it or any of its
property may be bound, (ii) result in a default under any such indenture, agreement or other
instrument or (iii) result in the creation or imposition of any Lien (other than Permitted
Liens) upon or with respect to any property or assets now owned or hereafter acquired by the
Company or the Borrower except, in the case of clauses (i) through (iii) above, for any of the
foregoing that could not reasonably be expected to result in a Material Adverse Effect or
materially and adversely affect the rights or interests of the Lenders under the Loan Documents.




     3. The Company and the Borrower have duly executed and delivered each Loan Document to
which such Person is a party, and each such Loan Document constitutes the legal, valid and
binding obligation of the Borrower, enforceable against the Borrower in accordance with its
terms subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium, or other laws affecting creditors’ rights generally and subject to general
principles of equity, regardless of whether considered in a proceeding in equity or at law.



     4. No consent or approval of, registration or filing with, or any other action by any
federal or Illinois State Governmental Authority with jurisdiction over the Company or the
Borrower or the Chancery Court, or appellate courts or Secretary of State of the State of
Delaware is or will be required in connection with the execution, delivery or performance by the
Company and the Borrower of each Loan Document to which such Person is a party or the
consummation of the transactions thereby, other than any such authorizations and approvals as
have already been obtained and are in full force and effect according to federal or Illinois law
or the DGCL.



     5. To the best of my knowledge, there are no pending or threatened actions, suits or
proceedings at law or in equity or by or before any federal, Illinois or Delaware Governmental
Authority against or affecting the Company or the Borrower or any business, property or rights
of any such Person that involve any Loan Documents or the transactions contemplated thereby.



     6. Neither the Company nor the Borrower is an investment company or a
company controlled by an investment company within the meaning of the Investment Company
Act of 1940.



     7. The application of the proceeds thereof by the Borrower pursuant to the terms
of the Term Loan Agreement will not violate Regulation T, U or X of the Board of Governors
of the Federal Reserve System.



     My opinions set forth above are subject to the following qualifications:



     A. The enforceability of the Loan Documents is subject to (i) applicable
bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or
other laws affecting creditor’s rights generally and (ii) general principles of equity (regardless



 









 





			
	
	 	November 9, 2007

Page 4





of whether considered in a proceeding in equity or at law).




     B. 
I express no opinion as to the Lenders’ right to collect any payment to the
extent that such payment constitutes a penalty, forfeiture or late charge.



     C. I express no opinion as to the applicability of Section 548 of the Federal
Bankruptcy Code or of any provisions of any state fraudulent conveyance statute or law to the
transactions contemplated by the Loan Documents.



     The foregoing opinions are limited to matters involving the federal laws of the United
States, the laws of the State of Illinois and the DGCL, and I do not express any opinion as to
the laws of any other jurisdiction.



     This opinion is rendered solely to, and is intended solely for the benefit of, the
Administrative Agent and the Lenders, in connection with the transactions contemplated by the
Loan Documents. This opinion may not be relied upon by the Administrative Agent or any of the
Lenders or any of their respective successors and assigns for any other purpose, or by any other
person, firm or corporation for any purpose, in each case without my prior written consent.



Very truly yours,




Robert H. Wolfe Assistant

General Counsel





 











 







Asia

  Pacific

  Bangkok

  Beijing

  Hanoi

  Ho Chi Minh City

Hong Kong Jakarta

  Kuala Lumpur

  Manila

  Melbourne

Shanghai

Singapore

Sydney

Taipei

Tokyo


Europe &

Middle East

Almaty

Amsterdam

Antwerp Bahrain

Baku

Barcelona

Berlin

Bologna 

Brussels

Brussels-European

Law Center Budapest

Cairo

Dusseldorf

Frankfurt

Geneva Kyiv

London

Madrid

Milan

Moscow

Munich

Paris

Prague

Riyadh

Rome

St. Petersburg

Stockholm

Vienna

Warsaw

Zurich




North & Latin

America Bogota

Brasilia Buenos

Aires Cancun

Caracas

Chicago

Chihuahua

Dallas

Guadalajara

Houston

Juarez




Mexico City

Miami




Monterrey




New York Palo

Alto Porto

Alegre

Rio de Janeiro

San Diego




San Francisco

Santiago

Sao Paulo

Tijuana Toronto

Valencia

Washington, DC







BAKER & MCKENZIE




Baker & McKenzie Amsterdam N.V.

Attorneys at law, Tax advisors and Civil-Law Notaries




Claude Debussylaan 54

P.O. Box 2720

1000 CS Amsterdam

The Netherlands




Tel: +31 20 551 7555

Fax: +31 20 626 7949

www.bakemet.com




November 9, 2007



To: the Lenders from time to time party to the Term Loan Agreement referred to below



Attention: JPMorgan Chase Bank, National Association, as Administrative
Agent




Dear Sirs:



We have acted as special Netherlands legal counsel to Chicago Bridge & Iron Company N.V. (the
“Company”), with its registered office in Amsterdam, with respect to certain matters of
Netherlands law relating to the Term Loan Agreement, dated the date hereof (the “Term Loan
Agreement”) among the Company; Chicago Bridge & Iron Company as Subsidiary Borrower; certain
financial institutions named therein as Lenders; JPMorgan Chase Bank, National Association, as
Administrative Agent; Bank of America, N.A., as Syndication Agent; and Royal Bank of Scotland plc,
Wells Fargo Bank, N.A. and Calyon New York Branch, as Documentation Agents.



In arriving at the opinions expressed below, we have examined and relied on the following
documents:





	 	a.	 	an executed copy of the Term Loan Agreement furnished to us byyourselves;
	 
	 	b.	 	an excerpt, dated October 26, 2007, of the registration of the
Company in the Trade Register of the Chamber of Commerce of Amsterdam (the “Trade
Register”), confirmed to us to be unchanged in all respects material for rendering
this opinion by telephone communication from the Trade Register on the date hereof
(the “Company Excerpt”);
	 
	 	c.	 	a copy of the deed of incorporation (akte van oprichting) of the
Company, dated November 22, 1996 (the “Company Deed of Incorporation”);
	 
	 	d.	 	a copy of the articles of association (statuten) of the Company,
represented by the management of the Company to be a true and




Baker & McKenzie Amsterdam N.V. has its registered office in Amsterdam, the Netherlands, and
is registered with the Trade Register under number 34208804.


Baker & McKenzie Amsterdam N.V. is a member of Baker & McKenzie International, a Swiss Verein.









1/13









 




BAKER & MCKENZIE











	 	 	correct copy of the articles of association of the Company as in force on the
date hereof (the “Company Articles”);
	 
	e.	 	an excerpt, dated October 26, 2007, of the registration of Chicago Bridge & Iron
Company B.V. (CB&I B.V.”) in the Trade Register, confirmed to us to be unchanged in all
respects material for rendering this opinion by telephone communication from the Trade
Register on the date hereof (the “CB&I B.V. Excerpt” and together with the Company
Excerpt, the “Excerpts”);
	 
	f.	 	a copy of the deed of incorporation (akte van oprichting) of CB& I B.V.,
dated March 17, 1997 (the “CB&I B.V. Deed of Incorporation”);
	 
	g.	 	a copy of the articles of association (statuten) of CB&I B.V., represented
by the management of the Company to be a true and correct copy of the articles of
association of CB&I B.V. as in force on the date hereof (the “CB&I B.V. Articles”);
	 
	h.	 	a written resolution of the Board of Directors (directie) of the Company,
reflecting the approval of the execution, delivery and performance by the Company of the
Term Loan Agreement (the “Company Management Board Resolutions”);
	 
	i.	 	minutes of a meeting of the Supervisory Board (raad van commissarissen) of
the Company held on August 20, 2007, reflecting the approval of the execution, delivery
and performance by the Company of the Term Loan Agreement (the “Supervisory Board
Resolutions”); and
	 
	J.	 	a copy of a directors certificate of the Company, dated November
7, 2007, signed by CB&I B.V., the sole director of the Company (the “Company
Management Certificate”).




Capitalized terms used but not defined in this opinion have the meanings assigned to them in
the Term Loan Agreement.



In examining and describing the documents listed at a. through j. above and in giving the
opinions stated below, we have, with your permission, assumed the following:





	 	 	the genuineness of all signatures on all documents;
	 
	(ii)	 	the authenticity and completeness of all documents submitted to us
as originals and the conformity to authentic originals of all conformed, copied,
faxed or specimen documents;










2/13









 





BAKER & MCKENZIE







	(iii)	 	that all information supplied to us orally by public officials and all
certificates of public officials submitted to us are true and correct in all
respects;
	 
	(iv)	 	the reliability of all search results obtained by electronic data transmission and
the accuracy of the results of any printed or computer search of offices of public
record;
	 
	(v)	 	that the information set forth in each of the Excerpts is true and correct as of
the date hereof Although not constituting conclusive evidence thereof, this assumption
is supported by telephonic inquiries made to the Trade Register today;
	 
	(vi)	 	that the Company Articles are the articles of association
(statuten) of the Company as in force on the date hereof. Although
not constituting conclusive evidence thereof, this assumption is supported by the fact
that the date of the last amendment to the articles of association of the Company as
shown on the Company Excerpt corresponds with the date shown in the Company Articles as
the last date of amendment of the articles of association of the Company;
	 
	(vii)	 	that the CB&I B.V. Articles are the articles of association
(statuten) of CB&I B.V. as in force on the date hereof. Although not
constituting conclusive evidence thereof, this assumption is supported by the fact that
the date of the last amendment to the articles of association of CB&I B.V. as shown on
the CB&I B.V. Excerpt corresponds with the date shown in the CB&I B.V. Articles as the
last date of amendment of the articles of association of CB&I B.V.;
	 
	(viii)	 	that the Company Management Board Resolutions have not been and will not be revoked,
amended, declared null and void (nietig verklaard) or rescinded
(vernietigd);
	 
	(ix)	 	that the Supervisory Board Resolutions were duly adopted at a meeting of the
Supervisory Board of the Company convened and held in accordance with all of the
applicable requirements of Dutch law and the articles of association of the Company and
that the Supervisory Board Resolutions have not been and will not be revoked, amended,
declared null and void (nietig verklaard) or rescinded
(vernietigd);
	 
	(ix)	 	that the Company Deed of Incorporation is a notarial deed
(authentieke akte), that the contents thereof are correct and
complete and that there are no defects in the incorporation of the










3/13









 





BAKER & MCKENZIE










	 	 	Company, not appearing on the face of the Company Deed of Incorporation, on the
basis of which a court might dissolve the Company;
	 
	(x)	 	that the CB& I B.V. Deed of Incorporation is a notarial deed (authentieke
akte), that the contents thereof are correct and complete and that there are no
defects in the incorporation of CB& I B.V., not appearing on the face of the CB&I B.V.
Deed of Incorporation, on the basis of which a court might dissolve CB&I B.V.;
	 
	(xi)	 	that neither the Company nor CB&I B.V. has passed a resolution to
voluntarily dissolve (ontbinden), merge (fuseren) or de-merge
(splitsen) and no petition has been presented or order made by a court for
the bankruptcy (faillissement) or moratorium of payment (surseance van
betaling) of either of the Company or CB&I B.V. and no receiver, trustee,
administrator (bewindvoerder) or similar officer has been appointed in
respect of either of the Company or CB&I B.V. or their respective assets and that
no decision has been taken to dissolve (ontbinden) either of the Company
or CB&I B.V. by (i) the competent Chamber of Commerce under Article 19a Book 2 of
the Dutch Civil Code or (ii) the competent District Court (rechtbank)
under Article 21 Book 2 of the Dutch Civil Code. Although not constituting
conclusive evidence thereof, this assumption is supported by information obtained
by telephone today from (i) the Bankrupty Clerk’s Office
(faillissementsgriffie) of the District Court (rechtbank) of
Amsterdam (being the competent bankruptcy court in respect of each of the Company
and CB&I B.V. in view of their corporate seats being at Amsterdam) and (ii) the
Trade Register;
	 
	(xii)	 	that each party to the Term Loan Agreement (other than the
Company) has been duly incorporated and organized and is validly existing and in
good standing (where such concept is legally relevant) under the laws of its
jurisdiction of incorporation and of the jurisdiction of its principal place of
business;
	 
	(xiii)	 	(i) that the Term Loan Agreement has been duly authorized and
validly executed and delivered by all parties thereto (other than the Company) and
(ii) that under any applicable law (other than insofar as the Company is concerned
the laws of The Netherlands) the Term Loan Agreement constitutes the valid and
binding obligation of each of the parties thereto, enforceable against each of
such parties in accordance with its terms;
	 
	(xiv)	 	that neither the Term Loan Agreement nor any of the transactions
contemplated thereby or connected therewith (whether individually




4/13









 





BAKER & MCKENZIE




		 	or seen as a whole) are or will result in a breach of the laws of any relevant
jurisdiction other than that of The Netherlands (including for the avoidance of
doubt the tax laws of any such jurisdiction) or are intended to avoid the
applicability or the consequences of such laws in a manner that is not permitted
thereunder;
	 
	(xvi)	 	that all the factual statements contained in the Company
Management Certificate are true and correct as of the date hereof;
	 
	(xvii)	 	that all necessary licenses, authorizations, permissions, consents
and exemptions by or from any public or semipublic authority or agency of any
country other than The Netherlands (“Governmental Authorizations”), and all payments
of stamp duties or other taxes under the laws of any country other than The
Netherlands, which may be required in connection with the execution, delivery and
performance by the parties thereto of the Term Loan Agreement and any transaction
contemplated therein, have been obtained or made and in the case of Governmental
Authorizations are in full force and effect;
	 
	(xviii)	 	that under the laws of the State of Illinois to which the Term Loan Agreement is
expressed to be subject, and under all other relevant laws (other than those of The
Netherlands):






	 	(a)	 	the choice of the laws of the State of Illinois as the
governing law of the Term Loan Agreement is a valid and binding choice of law;
	 
	 	(b)	 	the submission by the Company to the exclusive jurisdiction
of the state or federal courts located in Chicago, Illinois, in or pursuant to
the Term Loan Agreement is valid and binding upon the Company; and






	(xix)	 	that there are no dealings between the parties thereto that affect the
Term Loan Agreement.




We have undertaken no independent factual investigation in connection with the opinions expressed
herein or the transactions contemplated by the Term Loan Agreement other than to review the
documents listed at a. through j. above. Specifically, we have relied as to factual matters on our
review of the documents listed at a. through j. above and on the factual assumptions made herein.
Our examination referred to above has been limited to the face of the documents and we have not
examined the meaning and effect of any document governed by a law other than Dutch law.









5/13









 





BAKER & MCKENZIE





Except as specifically mentioned herein, we have not conducted or caused to be conducted any
searches, investigations or reviews relating to any judgment, rule, regulation, order,
encumbrance, lien or third-party interest to which the Company is subject or by which its property
and assets are bound or any litigation or governmental proceedings commenced, pending or
threatened against or affecting the Company or its property, interests, rights, assets or
undertakings.



We have not been concerned with investigating or verifying the completeness or accuracy of the
facts, representations and warranties set out in the Term Loan Agreement (except to the extent
specifically set forth herein) and to the extent that the accuracy of such facts and warranties or
of any facts stated in any other document on which we have relied in giving this opinion is
relevant to the contents of this opinion, we have (except to the extent specifically set forth
herein) assumed that such facts are correct.



We do not express an opinion on matters of fact; matters of international law, including, without
limitation, the laws of the European Union except to the extent the laws of the European Union
have direct force and effect in The Netherlands; anti-trust law; or any matter of taxation. No
opinion is given on commercial, accounting or non-legal matters or on the ability of the parties
to meet their financial obligations under the Term Loan Agreement.



Based on the foregoing, and subject to any facts, circumstances or documents not disclosed to us,
and subject to the further limitations, qualifications, assumptions, exclusions and exceptions set
forth herein, we are of the opinion that:





	A.	 	The Company has been duly incorporated and is validly existing as a limited liability
company (naamloze vennootschap) under the laws of The Netherlands.
	 
	B.	 	The Company has the corporate power and corporate authority to execute and deliver the
Term Loan Agreement and to perform its contractual obligations thereunder. The execution,
delivery and performance by the Company of the Term Loan Agreement have been duly authorized
by all requisite corporate action on the part of the Company. The Term Loan Agreement has
been duly executed and delivered by the Company.
	 
	C.	 	Neither (i) the execution and delivery by the Company of the Term Loan Agreement nor (ii)
the performance by the Company of its contractual obligations under the Term Loan Agreement,
requires any consent, approval or authorisation of any national governmental or regulatory
authority of The Netherlands.




6/13









 





BAKER & MCKENZIE










	D.	 	Under the laws of The Netherlands, insofar as the laws of The Netherlands are
applicable, there is no requirement that the Term Loan Agreement or any other document
be filed or registered, or that any similar formalities be complied with, in any public
office in The Netherlands in order to ensure the validity, binding effect or
enforceability of the Term Loan Agreement against the Company in legal proceedings in
The Netherlands or the admissibility into evidence of the Term Loan Agreement in such
proceedings.
	 
	E.	 	Neither (i) the execution and delivery by the Company of the Term Loan Agreement nor (ii)
the performance by the Company of its contractual obligations under the Term Loan
Agreement, violates or conflicts with the provisions of any published law, rule or
regulation of general application of The Netherlands. Neither (i) the execution and
delivery by the Company of the Term Loan Agreement nor (ii) the performance by the Company
of its contractual obligations under the Term Loan Agreement, violates or conflicts with
any of the provisions of the Company Articles.
	 
	F.	 	The choice of the laws of the State of Illinois as the law governing the
Term Loan Agreement is valid and binding upon the Company under the laws of The
Netherlands, insofar as the laws of The Netherlands are applicable, and accordingly the
Term Loan Agreement constitutes, in a proceeding before the courts of The Netherlands
duly applying the laws of the State of Illinois, the valid and legally binding
obligation of the Company, enforceable against the Company in accordance with its
terms, subject to such exceptions to the legal, valid and binding obligation thereof
and to the enforceability thereof as exist under the laws of the State of Illinois.
	 
	G.	 	The submission by the Company to the exclusive jurisdiction of the state
or federal courts located in Chicago, Illinois, pursuant to Section 11.13(A) of the
Term Loan Agreement, is valid and binding upon the Company under the laws of The
Netherlands, insofar as the laws of The Netherlands are applicable, except that (i)
such submission to jurisdiction is void if any state or federal court sitting in the
State of Illinois would refuse to apply an international mandatory rule of Dutch law,
that is a rule of Dutch private international law which specifies the governing law in
a particular situation and which does not permit any deviation from such governing law
by agreement of the parties and (ii) such submission to jurisdiction will not be given
effect with respect to claims for relief in summary proceedings (kort Reding)
before the provisional remedies judge (voorzieningenrechter) of a competent
court in The Netherlands.




7/13









 





BAKER & MCKENZIE




	H.	 	In the absence of an applicable treaty between The Netherlands and the
United States of America, a judgment rendered by a court in the State of Illinois will not
be directly enforceable in The Netherlands. In order to obtain a judgment which is
enforceable in The Netherlands, the claim must be reheard on its merits before a competent
court in The Netherlands. However (i) a final judgment (which is a judgment not subject to
being contested by appeal or other means) for the payment of money (other than a judgment
for the payment of a fine or penalty or for the payment of punitive damages, as to which
we express no opinion) rendered against the Company, in respect of a breach by the Company
of its payment obligations under the Term Loan Agreement by a state or federal court
located in Chicago, Illinois, acting pursuant to the acceptance by the Company of the
exclusive jurisdiction of such courts pursuant to Section 11.13(A) of the Term Loan
Agreement, will under current practice be recognised by a Dutch court if (1) such judgment
results from proceedings compatible with Dutch concepts of due process, (2) such judgment
and its enforcement do not violate the public policy of The Netherlands, (3) the court
that rendered such judgment (x) had jurisdiction under the relevant laws applicable in the
State of Illinois and (y) did not assume jurisdiction on grounds incompatible with
internationally recognised principles in respect of jurisdictional matters and (4) such
judgment does not conflict with any other final judgment rendered between the same parties
and (ii) the court in The Netherlands that so recognises a judgment granted against the
Company as described in clause (i) of this sentence will under current practice generally
grant the same monetary relief (other than a judgment for the payment of a fine or penalty
or for the payment of punitive damages, as to which we express no opinion) set forth in
such judgment without the necessity for relitigation on the merits.




The opinions expressed herein are subject to the following exceptions, limitations, qualifications
and assumptions:





	 	(i)	 	The use of the terms “enforceable”, “enforceability”, “valid”,
“binding” and “effective” where used in paragraphs A. through H. above means that
the obligations assumed by the relevant party under the relevant agreement are of a
type which Dutch law generally recognizes or enforces; it does not mean that these
obligations will necessarily be enforced in all circumstances in accordance with
their terms. In particular, enforcement before the courts of The Netherlands will
in any event be subject to the matters set forth in paragraphs (ii) through (xvii)
below.
	 
	 	(ii)	 	The opinions expressed herein may be affected or limited by and
are subject in all respects to the provisions of applicable law




8/13









 





BAKER & MCKENZIE










	 	 	 	concerning bankruptcy (faillissement), insolvency, fraudulent conveyance
(actio Pauliana), preferential transfers (e.g. Article 47
Faillissementswet), statutory merger (juridische fusie), statutory demerger
(juridische splitsing), moratorium (surseance van betaling),
setoff, abatement (matiging), counterclaim, statute of limitations
(verjaring) and compulsory dissolution (ontbinding), and other laws
now or hereafter in effect, relating to or affecting the rights and remedies of
creditors generally.
	 
	 	(iii)	 	The rights and obligations of the parties to the Term Loan Agreement are, to the
extent that the laws of The Netherlands are applicable and also possibly in the event
that enforcement by a court in The Netherlands of the Term Loan Agreement, or of a
judgment rendered against the Company based on the Term Loan Agreement, is sought,
subject to the principles of reasonableness and fairness (beginselen van redelijkheid
en billijkheid), which under Dutch law govern the relationship between the parties to
a contract and which in certain circumstances may limit or preclude the reliance on, or
enforcement of, contractual terms and provisions.
	 
	 	(iv)	 	The enforcement in The Netherlands of the Term Loan Agreement would be subject to
the rules of civil procedure as applied by the Dutch courts.
	 
	 	(v)	 	Specific performance (reele executie) and other remedies analogous to common
law equitable remedies such as injunctive relief may not always be available under Dutch
law:
	 
	 	(vi)	 	A provision which stipulates that certain documents constitute conclusive evidence
may not be enforceable in all circumstances.
	 
	 	(vii)	 	Under Article 109, Book 6, of the Dutch Civil Code the court has the power under
certain circumstances to reduce the amount of damages that would otherwise be payable by
a party to an agreement for failure to comply with the provisions of such agreement.
	 
	 	(viii)	 	If a specific provision in the Term Loan Agreement permits concurrent proceedings to be
brought in different jurisdictions at the same time relating to the same subject matter
such provision may not be enforceable in The Netherlands.
	 
	 	(ix)	 	Article 242 of the Dutch Code of Civil Procedure may limit the
enforcement in proceedings before a Dutch court of contractual




9/13









 











BAKER & MCKENZIE





	 	 	 	provisions providing for indemnification for attorney’s fees and collection
costs (buitengerechtelijke kosten).
	 
	 	(x)	 	Under Dutch law each power of attorney (volmacht) or mandate
(lastgeving) (including all appointments of process agents or other agents or
attorneys-in-fact), whether or not by its terms stated to be irrevocable, granted by the
Company, expressly or by implication, in the Term Loan Agreement will terminate without
notice by force of law upon bankruptcy of the Company or, as the case may be, of the
person to whom the power of attorney (volmacht) or mandate (lastgeving)
is granted.
	 
	 	(xi)	 	Powers of attorney granted by the Company can only be exercised with the
cooperation of the court-appointed administrator (bewindvoerder) in the event
the Company is granted a suspension of payments (surs6ance van betaling).
	 
	 	(xii)	 	The validity of the Term Loan Agreement may be affected by the provisions of
Sections 3:45-3:48 of the Dutch Civil Code (to which Sections 42 through 45 of the Dutch
Bankruptcy Act correspond in case of bankruptcy). These provisions grant to creditors,
including future creditors, and the receiver in bankruptcy (curator), the right
to challenge the validity of certain transactions if (i) such transactions are entered
into by a debtor without a legal obligation to do so, (ii) the rights of one or more
present or future creditors of the debtor are thereby prejudiced and (iii) at the time
such transaction was entered into the debtor knew or reasonably should have known that
the rights of one or more other present or future creditors of the debtor would be
prejudiced by such transaction.
	 
	 	(xiii)	 	The opinions expressed in paragraph F. above are subject to the following exceptions
and qualifications: (1) The choice of the laws of the State of Illinois as the law
governing the Term Loan Agreement will not be recognized as valid and binding under the
laws of The Netherlands, insofar as the laws of The Netherlands are applicable, to the
extent that (a) any provision of the Term Loan Agreement or (b) any provision of the
laws of the State of Illinois applicable to the Term Loan Agreement, is manifestly
incompatible with the public policy of The Netherlands. (2) Regardless of the law which
the parties to a contract have chosen as the governing law with respect thereto, a court
of The Netherlands may give effect to mandatory rules of the laws of another
jurisdiction with which the situation has a close connection, if and insofar as under
the laws of that other jurisdiction those rules must be applied regardless of the law
which would otherwise be applicable. (3) Regardless of the law




10/13









 





BAKER & MCKENZIE










	 	 	 	which the parties to a contract have chosen as the governing law with respect
thereto, the courts of The Netherlands will apply the laws of The Netherlands in a
situation where under Dutch law application of such laws is mandatory. (4) The
courts of The Netherlands will take into account the law of the country in which
performance of an obligation occurs or is to occur in relation to (a) the manner of
performance of such obligation and (b) the measures required to be taken by the
obligee in the event of failure to perform such obligation.
	 
	 	(xiv)	 	The service of process against the Company other than by personal delivery by a
bailiff of the Dutch courts (gerechtsdeurwaarder) may not be considered by a
Dutch court to constitute valid service of process, notwithstanding any provision to the
contrary in the Term Loan Agreement.
	 
	 	(xv)	 	Any provision of the Term Loan Agreement stating that the rights and obligations
thereunder shall bind or enure to the benefit of any assignee of any party thereto may
not be enforceable in The Netherlands in the absence of further agreements to that
effect with such assignee.
	 
	 	(xvi)	 	Provisions of the Term Loan Agreement providing that a party thereto is not
liable for, or is entitled to indemnification for, such party’s own intentional
misconduct (opzet) or gross negligence (grove schuld) are in conflict
with the public policy of The Netherlands and may not be enforceable in The Netherlands.
	 
	 	(xvii)	 	Dutch law does not recognize the concept of ownership of property by a trustee for the
benefit of third persons. Accordingly, any trusts purported to be created pursuant to
any provision of the Term Loan Agreement would not be recognized under the laws of The
Netherlands and would not be enforced in legal proceedings before a court in The
Netherlands.




We express no opinion concerning





	 	[a] 	 	the validity, enforceability or effectiveness in proceedings in
the courts of The Netherlands of any security interest purported to be created
by the Term Loan Agreement;
	 
	 	[b] 	 	the provisions of Section 10.3 (e), (h) and (k) of the Term Loan
Agreement, of the last sentence of Section 10.3 of the Term Loan Agreement and
of Section 10.4 of the Term Loan Agreement insofar as pursuant to those
provisions the Company




11/13









 





BAKER & MCKENZIE




	 	 	 	purports to waive any defenses available to it pursuant to mandatory
provisions of Dutch law;
	 
	 	[c]	 	 the enforceability in proceedings before the Dutch courts of
the second sentence of Section 11.13(B) of the Term Loan Agreement; or
	 
		[d]	 	 the provisions of the second sentence of Section 11.15 of the
Term Loan Agreement, to the extent such provision relates to liens and
security interests created by Dutch law.




This opinion speaks as of the date hereof, and we make no undertaking to supplement such opinions
if facts and circumstances (including, without limitation, amendments to the Term Loan Agreement)
come to our attention, or changes in the law occur, which could affect such opinion.





	This opinion:






	1.	 	expresses and describes Dutch legal concepts in English and not in their original Dutch
terms; these concepts may not be identical to the concepts described by the English
translations; this opinion may therefore be relied upon only on the express conditions (x)
that such opinion and any issues of interpretation or liability arising thereunder shall be
governed by, and that all words and expressions used herein shall be construed and
interpreted in accordance with, the laws of The Netherlands and (y) that any issues of
interpretation or liability arising hereunder shall also be governed by Dutch law and shall
be brought exclusively before a Dutch court;
	 
	2.	 	is strictly limited to the matters set forth herein and no opinion may be inferred or
implied beyond that expressly stated herein; and
	 
	3.	 	is furnished as of its date pursuant to Section 5.1(v) of the Term Loan Agreement and may
be relied upon solely by the addressees hereof and may not be relied upon by or furnished,
circulated or quoted to, or used or referred to or filed with, any other person, or by any
person in any other context, without our express written consent. A copy may, however, be
provided to (i) your legal advisors solely for the purpose of the Term Loan Agreement and of
giving their opinions in connection therewith and subject to the restrictions set forth in
this paragraph 3, (ii) bank examiners and regulators in connection with their review of your
activities and (iii) prospective participants and assignees under the Term Loan Agreement
subject to the restrictions set forth in this paragraph 3.




We express no opinion on any laws other than the law of The Netherlands as it stands and has been
interpreted in printed case law of the courts of The Netherlands as of the date of this opinion.
In particular, without limiting the generality of the foregoing we express no opinion concerning
whether or under









12/13









 






BAKER & MCKENZIE




what circumstances or with what result a court sitting outside The Netherlands would or might
apply Dutch law.



This opinion is given on behalf of Baker & McKenzie Amsterdam N.V. and not on behalf of or by any
other office or associated firm of the Swiss Verein Baker & McKenzie International. In this
opinion the expressions “we”, “us”, “our” and like expressions should be construed accordingly.




Yours sincerely,

Baker & McKenzie Amsterdam N.V.





13/13











 





$200,000,000




TERM LOAN FACILITY



TO



CHICAGO BRIDGE & IRON COMPANY



November 9, 2007



LIST OF CLOSING DOCUMENTS1



A. LOAN AND SECURITY DOCUMENTS




	1.	 	Term Loan Agreement (the “Term Loan Agreement”) by and among Chicago Bridge &
Iron Company N.V., a corporation organized under the laws of The Kingdom of the Netherlands
(the “Company”), as Guarantor, Chicago Bridge & Iron Company, as borrower under the Term Loan
Agreement (the “Borrower”), the institutions from time to time parties thereto as lenders
(the “Lenders”), and JPMorgan Chase Bank, National Association, in its capacity as
contractual representative capacity (the “Administrative Agent”), evidencing a $200,000,000
term loan facility to the Borrowers from the Lenders.





EXHIBITS




	 	 	 	 	 
	EXHIBIT A-1

	 	—
	 	Commitments
	EXHIBIT B

	 	—
	 	Form of Borrowing/Election Notice
	EXHIBIT C

	 	—
	 	RESERVED
	EXHIBIT D

	 	—
	 	Form of Assignment and Acceptance Agreement
	EXHIBIT E-1

	 	—
	 	Form of Borrower’s US Counsel’s Opinion
	EXHIBIT E-2

	 	—
	 	Form of Borrower’s Foreign Counsel’s Opinion
	EXHIBIT E-3

	 	—
	 	List of Closing Documents
	EXHIBIT F

	 	—
	 	Form of Officer’s Certificate
	EXHIBIT G

	 	—
	 	Form of Compliance Certificate
	EXHIBIT H

	 	—
	 	Form of Subsidiary Guaranty
	EXHIBIT I

	 	—
	 	Form of Note
	EXHIBIT J

	 	—
	 	Form of Designation Agreement








 




			
	1	 	Capitalized terms used herein and not defined herein shall have the meanings
assigned to such terms in the Credit Agreement, as applicable.










2









 








SCHEDULES




	 	 	 
	SCHEDULE 1.1.1

	 	Permitted Existing Indebtedness
	SCHEDULE 1.1.2

	 	Permitted Existing Investments
	SCHEDULE 1.1.3

	 	Permitted Existing Liens
	SCHEDULE 1.1.4

	 	Permitted Existing Contingent Obligations
	SCHEDULE 1.1.5

	 	Material Subsidiaries and Foreign Subsidiaries
that are not Excluded Foreign Subsidiaries
	SCHEDULE 6.4

	 	Pro Forma Financial Statements
	SCHEDULE 6.7

	 	FTC Litigation
	SCHEDULE 6.8

	 	Subsidiaries
	SCHEDULE 6.9

	 	ERISA
	SCHEDULE 6.17

	 	Environmental Matters
	SCHEDULE 7.3(N)

	 	Subsidiary Covenants
	SCHEDULE 7.3(S)

	 	Permitted Restricted Payments







	2.	 	Guaranty (the “Guaranty”) executed by each of the Subsidiary Guarantors, in favor of the
Administrative Agent.
	 
	3.	 	Notes executed by the Borrower in favor of any Lender which has requested a note pursuant to
Section 2.12 of the Credit Agreement in the aggregate principal amount of each such
Lender’s Commitment under the Credit Agreement.





B. CORPORATE DOCUMENTS





	4.	 	Certificates of the Secretary or Assistant Secretary of the Company and the Borrower
certifying: (i) the resolutions of the Board of Directors (or other similar governing body) of
the Company or the Borrower authorizing, inter alia, the execution, delivery and performance
of each document to which it is a party; and the names and true signatures of the incumbent
officers of the Company or the Borrower authorized to sign the documents to which it is a
party and authorized to request Advances or Letters of Credit under the Credit Agreement, and
(ii) with respect to the Borrower, a copy of the By-laws for the Borrower.
	 
	5.	 	Articles of Incorporation of the Company and the Borrower certified as of recent date by the
appropriate governmental officer in the jurisdiction of incorporation for the Company and the
Borrower.
	 
	6.	 	Good Standing Certificate for the Company and the Borrower certified as of recent date by the
appropriate governmental officer in the jurisdiction of incorporation for the Company and the
Borrower.










3









 











C. OPINIONS





	7.	 	Opinion of General Counsel of the Company, the Borrower and the Subsidiary Guarantors with
respect to the Term Loan Agreement and the Guaranty.
	 
	8.	 	Opinion of Dutch Counsel of the Company with respect to the Term Loan Agreement.






4











 




$200 Million Term Loan Schedules




Schedule 1.1.1 — Permitted Existing Indebtedness (w/o duplication)

In 000’s of USD Equivalent

As of September 30, 2007




	 	 	 	 	 	 	 
	 	 	 	 	In 000’s of	 
	 	 	 	 	US$ Equivalent	 
	Company	 	Party	 	Outstanding	 
	 
	 	 	 	 	 	 
	Section (a) — Borrowed Money
	 	 	 	 	N/A	 
	 
	 	 	 	 	 	 
	Section (b) — Deferred Purchase Price
	 	 	 	 	N/A	 
	 
	 	 	 	 	 	 
	Section (c) — Lien Obligations
	 	 	 	 	N/A	 
	 
	 	 	 	 	 	 
	Section (d) —  Notes
	 	 	 	 	 	 
	Chicago Bridge & Iron Company
	 	Praxair	 	 	219	 
	 
	 	Employee Benefits Agreement	 	 	 	 
	 
	 	 	 	 	 	 
	Section (e) — Capitalized Leases
	 	 	 	 	N/A	 
	 
	 	 	 	 	 	 
	Section (f) — Contingent Obligations	 	Refer to Schedule 1.1.4






 


Page 1 of 49









 





$200 Million Term Loan Schedules




Schedule 1.1.1 — Permitted Existing Indebtedness (w/o duplication)

In 000’s of USD Equivalent

As of September 30, 2007




Section (g) — Letters of Credit



	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Value in	 	 	In	 
	 	 	 	 	 	 	currency	 	 	000’s	 
	Issued by	 	Currency	 	 	of issue	 	 	of USD	 
	Emirates Bank Int’l
	 	AED	 	 	640	 	 	 	174	 
	Emirates Bank Int’l
	 	AED	 	 	4,500	 	 	 	1,225	 
	Mashreq Bank
	 	AED	 	 	50	 	 	 	14	 
	Mashreq Bank
	 	AED	 	 	50	 	 	 	14	 
	Mashreq Bank
	 	AED	 	 	150	 	 	 	41	 
	Mashreq Bank
	 	AED	 	 	50	 	 	 	14	 
	Mashreq Bank
	 	AED	 	 	160	 	 	 	44	 
	Mashreq Bank
	 	AED	 	 	30	 	 	 	8	 
	Mashreq Bank
	 	AED	 	 	50	 	 	 	14	 
	Mashreq Bank
	 	AED	 	 	50	 	 	 	14	 
	ANZ Australian-New Zealand Banking Group
	 	AUD	 	 	85	 	 	 	75	 
	HSBC — Australia
	 	AUD	 	 	280	 	 	 	248	 
	HSBC — Australia
	 	AUD	 	 	62	 	 	 	55	 
	HSBC — Australia
	 	AUD	 	 	40	 	 	 	35	 
	De National Borg
	 	EUR	 	 	28	 	 	 	39	 
	Standard Chartered Bank — London
	 	GBP	 	 	3,000	 	 	 	6,140	 
	ANZ Australian-New Zealand Banking Group
	 	PGK	 	 	32	 	 	 	11	 
	ANZ Australian-New Zealand Banking Group
	 	PGK	 	 	5	 	 	 	2	 
	Saudi American Bank
	 	SAR	 	 	57	 	 	 	15	 
	Saudi American Bank
	 	SAR	 	 	292	 	 	 	78	 
	Saudi American Bank
	 	SAR	 	 	127	 	 	 	34	 
	Saudi American Bank
	 	SAR	 	 	50	 	 	 	13	 
	HSBC — Australia
	 	THB	 	 	1,000	 	 	 	31	 
	Standard Bank
	 	ZAR	 	 	3	 	 	 	0	 
	Credit linked Tranche C
	 	 	 	 	 	 	 	 	 	 	4,040	 
	Credit linked Tranche C
	 	 	 	 	 	 	 	 	 	 	915	 
	Credit linked Tranche C
	 	 	 	 	 	 	 	 	 	 	5,358	*
	Credit linked Tranche C
	 	 	 	 	 	 	 	 	 	 	4,437	 
	REV Credit Facility
	 	 	 	 	 	 	 	 	 	 	9,441	 
	REV Credit Facility
	 	 	 	 	 	 	 	 	 	 	23,100	 
	REV Credit Facility
	 	 	 	 	 	 	 	 	 	 	2,000	 
	 
	 	 	 	 	 	 	 	 	 	$	57,627	 








	 	 	 
	*	 	This LC was reduced 10/11/07 from $5,358 to $1,208




 


Page 2 of 49









 












$200
Million Term Loan Schedules


Schedule
1.1.1 - Permitted Existing Indebtedness (w/o duplication)

In 000’s of USD Equivalent

As of September 30, 2007





Refer to Schedule 1.1.4 for a list of all Performance and Financial Letters of Credit



	 	 	 	 	 	 	 	 	 
	Section (h) — Off-Balance Sheet Liabilities
	 	 	 	 	 	 	 	 
	Sale and Leaseback of Plainfield Facility
	 	Approximately	 	$	21,329	 
	 
	 	 	 	 	 	 	 	 
	Section (j) — Disqualified Stock
	 	 	 	 	 	 	N/A	 






 


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Schedule 1.1.2 — Permitted Existing Investments

As of September 30, 2007



As of September 30, 2007, the Company had invested $488.4 million of its excess cash into overnight
funds, money market funds, or time deposits at JPMorgan Chase Bank, N.A., Bank of America, N.A.,
Wells Fargo Bank, N.A., Credit Suisse, Fortis Bank, UBS Financial Services, Inc., PNC Bank, N.A.,
Morgan Keegan, Allied Irish Bank, Northern Trust, Amegy Bank, Bank of New York, Capital One, N.A.,
Woodforest National Bank, Standard Chartered Bank, Saudi American Bank, National Westminster Bank,
Banco Provincial, Citibank, Banesco, Venezolano de Credito, Banco Exterior CA, Banco de Credito and
ABN Amro.



As of September 30, 2007, the Company had invested $160.0 million of its excess cash into
tax-exempt auction rate certificates at Credit Suisse, UBS Financial Services, Inc., Amegy Bank,
Morgan Keegan, Bank of Texas, and Compass Bank.



The Company has investments in the following list of entities:





Arabian CBI Ltd.

Arabian CBI Tank Manufacturing Company Limited

CBI (Malaysia) Sdn. Bhd.

Chicago Bridge & Iron Company (Egypt) LLC

Horton CBI, Limited

CBI (Philippines) Inc.

CBI (Thailand) Limited

Chicago Bridge & Iron Company & Co. L.L.C.



Please refer to Schedule 6.8 for a more detailed presentation.


 


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Schedule 1.1.3 — Permitted Existing Liens

In 000’s of USD Equivalent

As of September 30, 2007




None



 


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Schedule 1.1.4 — Permitted Existing Contingent Obligations

As of September 30, 2007




(See attached LC and Surety Bond reports)



 


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Schedule 1.1.5 — Material Subsidiaries and Foreign Material

Subsidiaries that are not Excluded Foreign Subsidiaries as of September 30, 2007:




SUBSIDIARY BORROWERS;




	 	 	 	 	 	 	 
	 	 	Organized	 	Equity	 
	Chicago Bridge & Iron Company
	 	Delaware	 	 	100.0	%
	 
	MATERIAL SUBSIDIARIES:
	 	 	 	 	 	 






	 	 	 	 	 	 	 
	U.S. Material Subsidiaries	 	Organized	 	Equity	 
	Chicago Bridge & Iron Company
	 	Delaware	 	 	100.0	%
	Chicago Bridge & Iron Company (Delaware)
	 	Delaware	 	 	100.0	%
	Chicago Bridge & Iron Company
	 	Illinois	 	 	100.0	%
	CB&I Constructors, Inc.
	 	Texas	 	 	100.0	%
	CB&I Tyler Company
	 	Delaware	 	 	100.0	%
	CBI Services, Inc.
	 	Delaware	 	 	100.0	%
	CBI Company Ltd.
	 	Delaware	 	 	100.0	%
	CBI Overseas, LLC
	 	Delaware	 	 	100.0	%
	Asia Pacific Supply Co.
	 	Delaware	 	 	100.0	%
	Central Trading Company, Ltd.
	 	Delaware	 	 	100.0	%
	Howe-Baker International, L.L.C.
	 	Delaware	 	 	100.0	%
	Howe-Baker Engineers, Ltd.
	 	Texas	 	 	100.0	%
	Howe-Baker Holdings, L.L.C.
	 	Delaware	 	 	100.0	%
	Howe-Baker Management, L.L.C.
	 	Delaware	 	 	100.0	%
	Matrix Engineering, Ltd.
	 	Texas	 	 	100.0	%
	HBI Holdings, L.L.C.
	 	Delaware	 	 	100.0	%
	Howe-Baker International Management, L.L.C.
	 	Delaware	 	 	100.0	%
	A & B Builders, Ltd.
	 	Texas	 	 	100.0	%
	Matrix Management Services, L.L.C.
	 	Delaware	 	 	100.0	%
	Constructors International, L.L.C.
	 	Delaware	 	 	100.0	%
	CB&I Woodlands LLC
	 	Delaware	 	 	100.0	%
	CBI Americas, Ltd.
	 	Delaware	 	 	100.0	%
	CSA Trading Company, Ltd.
	 	Delaware	 	 	100.0	%
	Oceanic Contractors, Inc.
	 	Delaware	 	 	100.0	%
	 
	 	 	 	 	 	 
	Foreign Material Subsidiaries
	 	 	 	 	 	 
	Chicago Bridge & Iron Company B.V.  
	 	Netherlands	 	 	100.0	%
	Chicago Bridge & Iron (Antilles) N.V.
	 	Curacao	 	 	100.0	%
	Lealand Finance Company B.V.
	 	Netherlands	 	 	100.0	%
	Horton CBI, Limited
	 	Canada	 	 	99.9	%
	CBI Constructors Limited
	 	United Kingdom	 	 	100.0	%
	CBI (Europe) B.V.
	 	Netherlands	 	 	100.0	%
	CBI Venezolana, S.A.
	 	Venezuela	 	 	100.0	%
	CBI Construcciones S.A
	 	Argentina	 	 	100.0	%
	CBI Constructors S.A. (Proprietary) Limited
	 	South Africa	 	 	100.0	%
	CBI Eastern Anstalt
	 	Liechtenstein	 	 	100.0	%






 


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Schedule 1.1.5 — Material Subsidiaries and Foreign Material

Subsidiaries that are not Excluded Foreign Subsidiaries as of September 30, 2007:




	 	 	 	 	 	 	 
	Foreign Material Subsidiaries	 	Organized	 	Equity	 
	CBI Constructors Pty. Ltd.
	 	Australia	 	 	100.0	%
	Arabian CBI Ltd.
	 	Saudi Arabia	 	 	75.0	%
	CMP Holdings B.V.
	 	Netherlands	 	 	100.0	%
	CBI Holdings (U.K.) Limited
	 	United Kingdom	 	 	100.0	%
	CB&I (Nigeria) Limited
	 	Nigeria	 	 	100.0	%
	Chicago Bridge & Iron (Espana) S.A.
	 	Spain	 	 	100.0	%
	CBI (Philippines) Inc.
	 	Philippines	 	 	99.9	%
	Arabian Gulf Material Supply Company, Ltd.
	 	Cayman Islands	 	 	100.0	%
	Pacific Rim Material Supply Company, Ltd.
	 	Cayman Islands	 	 	100.0	%
	Southern Tropic Material Supply Company, Ltd.
	 	Cayman Islands	 	 	100.0	%
	CB&I Hungary Holding Limited Liability Company
	 	Hungary	 	 	100.0	%
	CB&I UK Limited
	 	United Kingdom	 	 	100.0	%
	CBI Luxembourg S.A.R.L.
	 	Luxembourg	 	 	100.0	%
	CBI Finance Company Limited
	 	Ireland	 	 	100.0	%
	Woodlands International Insurance Co. Ltd.
	 	Ireland	 	 	100.0	%
	Material Supply Companies
	 	Various	 	 	100.0	%
	CBI Peruana SAC
	 	Peru	 	 	99.9	%
	CBI Montajes de Chile Limitada
	 	Chile	 	 	100.0	%






FOREIGN SUBSIDIARIES THAT ARE NOT EXCLUDED FOREIGN SUBSIDIARIES:




	 	 	 	 	 	 	 
	Company Name	 	Organized	 	Equity	 
	Chicago Bridge & Iron Company B.V.
	 	Netherlands	 	 	100.0	%
	Chicago Bridge & Iron (Antilles) N.V.
	 	Curacao	 	 	100.0	%
	Lealand Finance Company B.V.
	 	Netherlands	 	 	100.0	%
	Horton CBI, Limited
	 	Canada	 	 	99.9	%
	CBI Constructors Limited
	 	United Kingdom	 	 	100.0	%
	CBI (Europe) B.V.
	 	Netherlands	 	 	100.0	%
	CBI Venezolana, S.A.
	 	Venezuela	 	 	100.0	%
	CBI Construcciones S.A
	 	Argentina	 	 	100.0	%
	CBI Eastern Anstalt
	 	Liechtenstein	 	 	100.0	%
	CBI Constructors Pty. Ltd.
	 	Australia	 	 	100.0	%
	CMP Holdings B.V.
	 	Netherlands	 	 	100.0	%
	CBI Holdings (U.K.) Limited
	 	United Kingdom	 	 	100.0	%
	CB&I (Nigeria) Limited
	 	Nigeria	 	 	100.0	%
	Chicago Bridge & Iron (Espana) S.A.
	 	Spain	 	 	100.0	%
	CBI (Philippines) Inc.
	 	Philippines	 	 	99.9	%
	Arabian Gulf Material Supply Company, Ltd.
	 	Cayman Islands	 	 	100.0	%
	Pacific Rim Material Supply Company, Ltd.
	 	Cayman Islands	 	 	100.0	%
	Southern Tropic Material Supply Company, Ltd.
	 	Cayman Islands	 	 	100.0	%
	CB&I Hungary Holding Limited Liability Company
	 	Hungary	 	 	100.0	%
	CB&I UK Limited
	 	United Kingdom	 	 	100.0	%
	CBI Luxembourg S.A.R.L.
	 	Luxembourg	 	 	100.0	%
	CBI Finance Company Limited
	 	Ireland	 	 	100.0	%
	Woodlands International Insurance Co. Ltd.
	 	Ireland	 	 	100.0	%






FOREIGN SUBSIDIARIES THAT ARE NOT EXCLUDED FOREIGN SUBSIDIARIES:




	 	 	 	 	 	 	 
	Company Name	 	Organized	 	Equity	 
	CBI Peruana SAC
	 	Peru	 	 	99.9	%
	CBI Montajes de Chile Limitada
	 	Chile	 	 	100.0	%






 


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SCHEDULE 1.1.6 — Definition of PMP in the Dutch Exemption Regulation





	1.	 	a professional market party within the meaning of section 1a subsection three of the
Exemption Regulation Securities Trade Act 1995.

	 
	2.	 	an enterprise or institution which, according to its balance sheet as at the end of the year
preceding the date it extends the relevant repayable funds has assets totalling EUR
500,000,000 or more;

	 
	3.	 	an enterprise, institution or natural person which has net equity (eigen vermogen) totalling
EUR 10,000,000 or more at the end of the year preceding the date it extends the relevant
repayable funds and which has been active on the financial markets at least twice a month, on
average, during two consecutive years preceding the date it extends the relevant repayable
funds;

	 
	4.	 	a subsidiary of an enterprise or institution mentioned under 1 over which supervision is
exercised by way of consolidation with the professional market party;

	 
	5.	 	an enterprise or institution which has a rating from an agency which is in the opinion of the
Dutch Central Bank a professional rating agency or which offers securities which have a rating
from an agency which is in the opinion of the Dutch Central Bank a professional rating agency;

	 
	 	 	The following entities are ‘professional market parties’ within the meaning of section 1a,
subsection three of the Exemption Regulation Securities Trade Act 1995:







	 	(a)	 	anyone who is under supervision of the Netherlands Authority for the Financial Markets
and/or the Dutch Central Bank, or of a regulatory authority of another state which allows
that entity to be active on the financial markets;

	 
	 	(b)	 	anyone who in any other way exercises a regulated activity on the financial markets;

	 
	 	(c)	 	the State of the Netherlands, the Dutch Central Bank, a foreign public body
constituting part of the central government, Dutch and foreign regional and local
governments, foreign central banks, international and supranational public institutions;

	 
	 	(d)	 	a legal entity or corporation which, according to the most recent financial statements
or consolidated financial statements, complies with at least two of three of the following
criteria: (i) an average number of employees during the financial year of 250 or more; (ii)
assets totalling, according to its balance sheet, EUR 43 million or more; and (iii) yearly
net revenues of at least EUR 50 million;

	 
	 	(e)	 	entities with statutory seat in the Netherlands which do not meet at least two of the
three criteria mentioned in sub (d) above, which have asked the Dutch competent authority
to be considered as professional market parties (and which consequently have been
registered as such), as well as natural persons with place of residence in the Netherlands
who have asked the Dutch competent authority to be considered as a professional market
party, and who meet at least two of the following three criteria: (i) the person has
carried out transactions of a significant size on securities markets at an average
frequency of at least 10 per quarter over the previous four quarters, (ii) the size of the
person’s securities portfolio is at least EUR 500,000, and (iii) the person works or has
worked for at least one year in the financial sector in a professional position which
requires knowledge of securities investment;





 


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SCHEDULE 1.1.6 — Definition of PMP in the Dutch Exemption Regulation





	 	(f)	 	a legal entity or corporation which has as its only business purpose the investment in
securities;

	 
	 	(g)	 	entities which have been incorporated with the specific purpose of engaging in
transactions with the goal of acquiring assets as referred to in Section 2:364 of the Dutch
Civil Code which serve to provide security for securities which have been issued or will be
issued, all to the extent such entities engage in such transactions.







 


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Schedule 3.2 — Transitional Letters of Credit

to be rolled under the Second Amended and Restated Agreement




	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	In 000’s of	 
	LC Number	 	 	Beneficiary	 	USD	 
	 	338560	 	 	Southern LNG Inc.
	 	 	19,608	 
	 	SB07/4031  /
W000231	 	 	Saudi Kayan Petrochemical Co.
	 	 	4,133	 
	 	3086808	 	 	Petrotrin
	 	 	4,900	 
	 	3086807	 	 	Petrotrin
	 	 	1,600	 
	 	323904	 	 	GNL Quintero S.A.
	 	 	7,964	 
	 	323901	 	 	GNL Quintero S.A.
	 	 	31,527	 
	 	323907	 	 	GNL Quintero S.A.
	 	 	37,949	 
	 	 	 	 	Bear Head LNG c/o Anadarko
	 	 	 	 
	 	649901	 	 	Petroleum Corp
	 	 	1,519	 
	 	533636030	 	 	Samsung Saudi Arabia Ltd
	 	 	1,405	 
	 	253550	 	 	Cabinda Gulf Oil Company Ltd
	 	 	26,465	 
	 	339459	 	 	Marathon Petroleum
	 	 	3,671	 
	 	350702	 	 	Sunoco Inc (R&M)
	 	 	408	 
	 	410872	 	 	Dominion Cove Point LNG Lmt
	 	 	28,000	 
	 	SB07/4029  /
W000234	 	 	Middle East Engineering &
Development Co.Ltd
	 	 	1,734	 
	 	SB07/4030  /
W000233	 	 	Middle East Engineering &
Development Co. Ltd.
	 	 	2,601	 
	 	ST4003/04	 	 	EnCana (UK) Limited
	 	 	7,559	 
	 	3086000	 	 	Petrotrin
	 	 	2,500	 
	 	3085999	 	 	Petrotrin
	 	 	7,500	 
	 	334422	 	 	Refineria La Pampilla
	 	 	169	 
	 	334423	 	 	Enaex S.A.
	 	 	94	 
	 	348003	 	 	Enaex S.A.
	 	 	203	 
	 	346975	 	 	ENAP Refinerias S.A.
	 	 	638	 
	 	348004	 	 	ENAP Refinerias S.A.
	 	 	564	 
	 	346974	 	 	ENAP Refinerias S.A.
	 	 	358	 
	 	344410	 	 	ENAP Refinerias
	 	 	425	 
	 	273585	 	 	Refineria la Pompilla
	 	 	197	 
	 	273586	 	 	Refineria la Pompilla
	 	 	131	 
	 	332163	 	 	Southern LNG Inc.
	 	 	5,000	 
	 	333470	 	 	Synagro-WWT
	 	 	625	 
	 	SLT751624	 	 	Trunkline LNG Company, LLC
	 	 	4,595	 
	 	410679	 	 	Trunkline LNG
	 	 	3,207	 






 


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Schedule 3.2 — Transitional Letters of Credit

to be rolled under the Second Amended and Restated Agreement




	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	In 000’s of	 
	LC Number	 	 	Beneficiary	 	USD	 
	 	293951	 	 	Compania de Petroleos de Chile COPEC
	 	 	213	 
	 	253547	 	 	Cabinda Gulf Oil Company Ltd
	 	 	26,465	 
	 	307606	 	 	Houston Fuel Oil Terminal Company
	 	 	859	 
	 	334266	 	 	Enaex S.A.
	 	 	914	 
	 	223002	 	 	CNOOC-Fujian LNG, ltd
	 	 	5,115	 
	 	246955	 	 	Zurich American Insurance Company
	 	 	23,100	 
	 	533636028	 	 	Samsung Saudi Arabia Ltd
	 	 	2,810	 
	 	533636029	 	 	Samsung Saudi Arabia Ltd
	 	 	562	 
	 	533636027	 	 	Samsung Saudi Arabia Ltd
	 	 	843	 
	 	297020	 	 	SNC-Lavalin UK Limited
	 	 	146	 
	 	252574	 	 	Toyo Engineering India Ltd
	 	 	60	 
	 	293953	 	 	Compania de Petroleos de Chile COPEC
	 	 	98	 
	 	SLT751064	 	 	Continental Casualty Company
	 	 	9,441	 
	 	SB07/4028 /
W000232	 	 	Saudi Kayan Petrochemical Co.
	 	 	8,266	 
	 	207192	 	 	Ingeneria y Construccion Sigdo
Koppers S.A.
	 	 	84	 
	 	207123	 	 	Ingeneria y Construccion Sigdo
Koppers S.A.
	 	 	349	 
	 	299681	 	 	Bayer Material Sciences LLC
	 	 	167	 
	 	379626	 	 	PDV
	 	 	500	 
	 	218562	 	 	Pluspetrol Peru
	 	 	7,223	 
	 	G5002/04	 	 	MW Kellogg
	 	 	34	 
	 	301713	 	 	CNOOC Fujian LNG
	 	 	2,010	 
	 	301714	 	 	CNOOC Fujian LNG
	 	 	657	 
	 	301715	 	 	CNOOC Fujian LNG
	 	 	1,743	 
	 	329333	 	 	Toyo Engineering Corporation
	 	 	1,752	 
	 	212424	 	 	Hovensa L.L.C.
	 	 	1,753	 
	 	301318	 	 	Hess Corporation
	 	 	1,497	 
	 	346695	 	 	Bariven S.A.
	 	 	521	 
	 	286747	 	 	Kinder Morgan Liquids Terminals, LP
	 	 	321	 
	 	410634	 	 	Marathon Ashland Petroleum LLC
	 	 	522	 
	 	751680	 	 	Marathon Ashland Petroleum LLC
	 	 	1,655	 
	 	264150	 	 	Pluspetrol Peru Corporation
	 	 	1,163	 






 


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Schedule 3.2 — Transitional Letters of Credit

to be rolled under the Second Amended and Restated Agreement




	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	In 000’s of	 
	LC Number	 	 	Beneficiary	 	USD	 
	 	410692	 	 	Yankee Gas Services Company
	 	 	20,000	 
	 	91899003	 	 	Pluspetrol Peru Corp S.A.
	 	 	2,010	 
	 	577397	 	 	Marathon Petroleum Company LLC
	 	 	1,904	 
	 	to be assigned	 	 	ENAP Refinerias S.A.
	 	 	1,488	 
	 	 	 	 	Sub-total :
	 	 	333,491	 
	 	 	 	 	Plus 3% currency adjustment:
	 	 	294	 
	 	 	 	 	 
	 	 	 
	 	 	 	 	Total:
	 	 	333,786	 
	 	 	 	 	 
	 	 	 






Calculation of Foreign Currency LC’s:




	 	 	 	 	 
	ST4003/04
	 	 	7,559	 
	533636030
	 	 	1,405	 
	533636027
	 	 	843	 
	 
	 	 	0	 
	 
	 	 	 
	Total USD Equiv. of Foreign Currency LC’s
	 	 	9,807	 
	 
	 	 	 
	3% adjustment to Total Utilization
	 	 	294	 
	 
	 	 	 






 


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Schedule 6.4 — Pro Forma Financial Statements




Refer to Chicago Bridge & Iron’s Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934, as amended, filed on October 18, 2007 with the United States Securities and
Exchange Commission for CB&I/ABB Lummus Pro Forma Financial Statements.


 


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Schedule 6.7 — Litigation; Loss Contingencies and Violations




Antitrust Proceedings—In October 2001, the U.S. Federal Trade Commission (the “FTC” or the
“Commission”) filed an administrative complaint (the “Complaint”) challenging our February 2001
acquisition of certain assets of the Engineered Construction Division of Pitt-Des Moines, Inc.
(“PDM”) that we acquired together with certain assets of the Water Division of PDM (the Engineered
Construction and Water Divisions of PDM are hereafter sometimes referred to as the “PDM
Divisions”). The Complaint alleged that the acquisition violated Federal antitrust laws by
threatening to substantially lessen competition in four specific business lines in the United
States: liquefied nitrogen, liquefied oxygen and liquefied argon (LIN/LOX/LAR) storage tanks;
liquefied petroleum gas (LPG) storage tanks; liquefied natural gas (LNG) storage tanks and
associated facilities; and field erected thermal vacuum chambers (used for the testing of
satellites) (the “Relevant Products”).



In June 2003, an FTC Administrative Law Judge ruled that our acquisition of PDM assets threatened
to substantially lessen competition in the four business lines identified above and ordered us to
divest within 180 days of a final order all physical assets, intellectual property and any
uncompleted construction contracts of the PDM Divisions that we acquired from PDM to a purchaser
approved by the FTC that is able to utilize those assets as a viable competitor.



We appealed the ruling to the full FTC. In addition, the FTC Staff appealed the sufficiency of the
remedies contained in the ruling to the full FTC. On January 6, 2005, the Commission issued its
Opinion and Final Order. According to the FTC’s Opinion, we would be required to divide our
industrial division, including employees, into two separate operating divisions, CB&I and New PDM,
and to divest New PDM to a purchaser approved by the FTC within 180 days of the Order becoming
final. By order dated August 30, 2005, the FTC issued its final ruling substantially denying our
petition to reconsider and upholding the Final Order as modified.



We believe that the FTC’s Order and Opinion are inconsistent with the law and the facts presented
at trial, in the appeal to the Commission, as well as new evidence following the close of the
record. We have filed a petition for review of the FTC Order and Opinion with the United States
Court of Appeals for the Fifth Circuit. Oral arguments occurred on May 2, 2007. In addition to the
legal proceedings, we also continue to explore a negotiated resolution of this matter with the FTC.
We are not required to divest any assets until we have exhausted all appeal processes available to
us, including appeal to the United States Supreme Court. Because (i) the remedies described in the
Order and Opinion are neither consistent nor clear, (ii) the needs and requirements of any
purchaser of divested assets could impact the amount and type of possible additional assets, if
any, to be conveyed to the purchaser to constitute it as a viable competitor in the Relevant
Products beyond those contained in the PDM Divisions, and (iii) the demand for the Relevant
Products is constantly changing, we have not been able to definitively quantify the potential
effect on our financial statements. The divested entity could include, among other things, certain
fabrication facilities, equipment, contracts and employees of CB&I. The remedies contained in the
Order, depending on how and to the extent they are ultimately implemented to establish a viable
competitor in the Relevant Products, could have an adverse effect on us, including the possibility
of a potential write-down of the net book value of divested assets, a loss of revenue relating to
divested contracts and costs associated with a divestiture.


 


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Schedule 6.7 — Litigation; Loss Contingencies and Violations




Securities Class Action—A class action shareholder lawsuit was filed on February 17, 2006 against
us, Gerald M. Glenn, Robert B. Jordan, and Richard E. Goodrich in the United States District Court
for the Southern District of New York entitled Welmon v. Chicago Bridge & Iron Co. NV, et al. (No.
06 CV 1283). The complaint was filed on behalf of a purported class consisting of all those who
purchased or otherwise acquired our securities from March 9, 2005 through February 3, 2006 and were
damaged thereby.



The action asserts claims under the U.S. securities laws in connection with various public
statements made by the defendants during the class period and alleges, among other things, that we
misapplied percentage-of-completion accounting and did not follow our publicly stated revenue
recognition policies.



Since the initial lawsuit, other suits containing substantially similar allegations and with
similar, but not exactly the same, class periods were filed.



On July 5, 2006, a single Consolidated Amended Complaint was filed in the Welmon action in the
Southern District of New York consolidating all previously filed actions. We and the individual
defendants filed a motion to dismiss the Complaint, which was denied by the Court. On March 2,
2007, the lead plaintiffs filed a motion for class certification, and we and the individual
defendants filed an opposition to class certification on April 2, 2007. After an initial hearing on
the motion for class certification held on May 29, 2007, the Court scheduled another hearing to be
held on November 13-14, 2007, to resolve factual issues regarding the typicality and adequacy of
the proposed class representatives. The parties have agreed to a rescheduling of the hearing to a
later date. Although we believe that we have meritorious defenses to the claims made in the above
action and intend to contest it vigorously, an adverse resolution of the action could have a
material adverse effect on our financial position and results of operations in the period in which
the lawsuit is resolved.



Asbestos Litigation—We are a defendant in lawsuits wherein plaintiffs allege exposure to asbestos
due to work we may have performed at various locations. We have never been a manufacturer,
distributor or supplier of asbestos products. As of September 30, 2007, we have been named a
defendant in lawsuits alleging exposure to asbestos involving approximately 4,645 plaintiffs, and
of those claims, approximately 1,993 claims were pending and 2,652 have been closed through
dismissals or settlements. As of September 30, 2007, the claims alleging exposure to asbestos that
have been resolved have been dismissed or settled for an average settlement amount per claim of
approximately one thousand dollars. With respect to unasserted asbestos claims, we cannot identify
a population of potential claimants with sufficient certainty to determine the probability of a
loss and to make a reasonable estimate of liability, if any. We review each case on its own merits
and make accruals based on the probability of loss and our ability to estimate the amount of
liability and related expenses, if any. We do not currently believe that any unresolved asserted
claims will have a material adverse effect on our future results of operations or financial
position and at September 30, 2007 we had accrued $873 for liability and related expenses. While we
continue to pursue recovery for recognized and unrecognized contingent losses through insurance,
indemnification arrangements or other sources, we are unable to quantify the amount, if any, that
may be expected to be recoverable
because of the variability in the coverage amounts, deductibles, limitations and viability of
carriers with respect to our insurance policies for the years in question.


 


Page 16 of 49









 





$200 Million Term Loan Schedules




Schedule 6.7 — Litigation; Loss Contingencies and Violations




Environmental Matters—Our operations are subject to extensive and changing U.S. federal, state and
local laws and regulations, as well as laws of other nations, that establish health and
environmental quality standards. These standards, among others, relate to air and water pollutants
and the management and disposal of hazardous substances and wastes. We are exposed to potential
liability for personal injury or property damage caused by any release, spill, exposure or other
accident involving such pollutants, substances or wastes.



In connection with the historical operation of our facilities, substances which currently are or
might be considered hazardous were used or disposed of at some sites that will or may require us to
make expenditures for remediation. In addition, we have agreed to indemnify parties to whom we have
sold facilities for certain environmental liabilities arising from acts occurring before the dates
those facilities were transferred. We are not aware of any manifestation by a potential claimant of
its awareness of a possible claim or assessment with respect to any such facility.



We believe that we are currently in compliance, in all material respects, with all environmental
laws and regulations. We do not anticipate that we will incur material capital expenditures for
environmental controls or for investigation or remediation of environmental conditions during the
remainder of 2007 or 2008.



Other—We were served with subpoenas for documents on August 15, 2005 and January 24, 2006 by the
Securities and Exchange Commission in connection with its investigation titled “In the Matter of
Halliburton Company, File No. HO-9968,” relating to an LNG construction project on Bonny Island,
Nigeria, where we served as one of several subcontractors to a Halliburton affiliate. We are
cooperating fully with such investigation.




 


Page 17 of 49









 




$200 Million Term Loan Schedules



Schedule 6.8 — Subsidiaries of CB&I



850 PINE STREET INC.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	1,000.00	 	 	Par Value:	 	 	0	 
	Number Issued:
	 	 	1,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	A & B Builders, Ltd (MANAGED BY MATRIX
MANAGEMENT SERVICES, L.L.C.)
	 	 	1,000.00	 	 	 	100.0000	%	 	 	 	 






A & B Builders, Ltd (MANAGED BY MATRIX MANAGEMENT SERVICES, L.L.C.)




Common Shares




	 	 	 	 	 
	Number Authorized:
	 	 	100.00	 
	Number Issued:
	 	 	100.00	 
	Percent Issued:
	 	 	100.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Matrix Engineering, Ltd. (MANAGED BY
HOWE-BAKER INTERNATIONAL MANAGEMENT,
L.L.C.)
	 	 	99.00	 	 	 	99.0000	%	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Shareholders)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Matrix Management Services, L.L.C.
(General Partner) 1%
	 	 	1.00	 	 	 	1.0000	%	 	 	 	 






Arabian CBI Ltd.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	400.00	 	 	Par Value:	 	SR 5,000
	Number Issued:
	 	 	400.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	400.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 







	Comments: 	 	05/20/1981: “...the paid-in-capital of the company is to be increased by 2 million Saudi Riyals,
making the total paid-in-capital 4 million Saudi Riyals instead of 2 million.”






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	300.00	 	 	 	75.0000	%	 	 	75.0000	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Officers/Directors)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Saleh Abdullah Alfadl
	 	 	70.00	 	 	 	17.5000	%	 	 	17.5000	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Shareholders)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Ibrahim Abdullah Alfadl
	 	 	30.00	 	 	 	7.5000	%	 	 	7.5000	%






 


Page 18 of 49









 





$200 Million Term Loan Schedules



Schedule 6.8 — Subsidiaries of CB&I



Arabian CBI Tank Manufacturing Company Limited




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	400.00	 	 	Par Value:	 	9,250 SR
	Number Issued:
	 	 	400.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 







	Comments: 	 	SR = Saudi Riyals






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	300.00	 	 	 	75.0000	%	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Shareholders)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Commercial & Industrial Services Co. Ltd.
	 	 	100.00	 	 	 	25.0000	%	 	 	 	 






Arabian Gulf Material Supply Company, Ltd.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	50,000.00	 	 	Par Value:	 	$	1.00	 
	Number Issued:
	 	 	2.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	0.00	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	2.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	 	2.00	 	 	 	100.0000	%	 	 	100.0000	%






Asia Pacific Supply Co.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	100,000.00	 	 	Par Value:	 	$	10.00	 
	Number Issued:
	 	 	100.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	0.10	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company
	 	 	100.00	 	 	 	100.0000	%	 	 	 	 






Atlantis Contractors Inc.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	100.00	 	 	Par Value:	 	$	0.00	 
	Number Issued:
	 	 	100.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	100.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company
	 	 	100.00	 	 	 	100.0000	%	 	 	100.0000	%






 


Page 19 of 49









 





$200 Million Term Loan Schedules



Schedule 6.8 — Subsidiaries of CB&I



CB&I (Global Services) Limited




Ordinary




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	100,000.00	 	 	Par Value:	 	US$	1.00	 
	Number Issued:
	 	 	1,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	1.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	1,000.00	 	 	 	100.0000	%	 	 	 	 






CB&I (Nigeria) Limited




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	5,000,000.00	 	 	Par Value:	 	 	N5,000,000.00	 
	Number Issued:
	 	 	5,000,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 







	Comments: 	 	N = Nigerian Naira






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	4,999,999.00	 	 	 	100.0000	%	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Shareholders)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CB&I Europe B.V.
	 	 	1.00	 	 	 	0.0000	%	 	 	 	 






CB&I CANADA LTD.




Common Shares




	 	 	 	 	 
	Number Authorized:
	 	 	1,000,000.00	 
	Number Issued:
	 	 	100.00	 
	Percent Issued:
	 	 	0.01	%







	Comments: 	 	Cert No. 1 for 1 share issued to Lawrence Stordy was cancelled pm 12/19/01.






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CB&I UK LIMITED
	 	 	100.00	 	 	 	100.0000	%	 	 	 	 






 


Page 20 of 49









 






$200 Million Term Loan Schedules



Schedule 6.8 — Subsidiaries of CB&I



CB&I Constructors, Inc.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	1,000,000.00	 	 	Par Value:	 	$	1.00	 
	Number Issued:
	 	 	1,000,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	1,000,000.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company
	 	 	1,000,000.00	 	 	 	100.0000	%	 	 	100.0000	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Preferred Shares	 	 	 	 	 	 	 	 	 	 	 	 
	 
	Number Authorized:
	 	 	125,000.00	 	 	Par Value:	 	$	1.00	 






CB&I Engineering Consultant (Shanghai) Co. Ltd.




Capital Contributions





	Comments: 	 	Total investment of the Company is US$200,000
Registered capital is US$140,000






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CB&I Europe B. V.
	 	 	 	 	 	 	 	 	 	 	 	 






CB&I Europe B. V.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	200.00	 	 	Par Value:	 	NLG 1,000
	Number Issued:
	 	 	40.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	20.00	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	40.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 







	Comments: 	 	NLG = Dutch Guilders






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CMP Holdings B.V.
	 	 	40.00	 	 	 	100.0000	%	 	 	100.0000	%






CB&I Finance Company Limited




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	100,000.00	 	 	Par Value:	 	1 Euro
	Number Issued:
	 	 	2.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	0.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	2.00	 	 	 	100.0000	%	 	 	 	 






 


Page 21 of 49









 





$200 Million Term Loan Schedules



Schedule 6.8 — Subsidiaries of CB&I



CB&I HOLDINGS B.V.




Registered Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	9,000,000.00	 	 	Par Value:	 	EUR 0.01
	Number Issued:
	 	 	1,800,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	20.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company N.V.
	 	 	1,800,000.00	 	 	 	100.0000	%	 	 	 	 






CB&I HOUSTON 06 LLC




Membership Units




	 	 	 	 	 
	Number Authorized:
	 	 	100.00	 
	Number Issued:
	 	 	1.00	 
	Percent Issued:
	 	 	1.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CB&I UK LIMITED
	 	 	1.00	 	 	 	100.0000	%	 	 	 	 






CB&I HOUSTON 07 LLC




Membership Units




	 	 	 	 	 
	Number Authorized:
	 	 	100.00	 
	Number Issued:
	 	 	1.00	 
	Percent Issued:
	 	 	1.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CB&I Tyler Company
	 	 	1.00	 	 	 	100.0000	%	 	 	 	 






CB&I HOUSTON 08 LLC




Membership Units




	 	 	 	 	 
	Number Authorized:
	 	 	100.00	 
	Number Issued:
	 	 	1.00	 
	Percent Issued:
	 	 	1.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CB&I Tyler Company
	 	 	1.00	 	 	 	100.0000	%	 	 	 	 






 


Page 22 of 49









 





$200 Million Term Loan Schedules



Schedule 6.8 — Subsidiaries of CB&I



CB&I HOUSTON 09 LLC




Membership Units




	 	 	 	 	 
	Number Authorized:
	 	 	100.00	 
	Number Issued:
	 	 	1.00	 
	Percent Issued:
	 	 	1.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CB&I Tyler Company
	 	 	 	 	 	 	 	 	 	 	 	 






CB&I HOUSTON 10 LLC




Membership Units




	 	 	 	 	 
	Number Authorized:
	 	 	100.00	 
	Number Issued:
	 	 	1.00	 
	Percent Issued:
	 	 	1.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CB&I Tyler Company
	 	 	1.00	 	 	 	100.0000	%	 	 	 	 






CB&I HOUSTON 11 LLC




Membership Units




	 	 	 	 	 
	Number Authorized:
	 	 	100.00	 
	Number Issued:
	 	 	1.00	 
	Percent Issued:
	 	 	1.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CB&I Tyler Company
	 	 	1.00	 	 	 	100.0000	%	 	 	 	 






CB&I HOUSTON 12 LLC




Membership Units




	 	 	 	 	 
	Number Authorized:
	 	 	100.00	 
	Number Issued:
	 	 	1.00	 
	Percent Issued:
	 	 	1.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CB&I Tyler Company
	 	 	1.00	 	 	 	100.0000	%	 	 	 	 






 


Page 23 of 49









 





$200 Million Term Loan Schedules



Schedule 6.8 — Subsidiaries of CB&I



CB&I HOUSTON 13 LLC




Membership Units




	 	 	 	 	 
	Number Authorized:
	 	 	100.00	 
	Number Issued:
	 	 	1.00	 
	Percent Issued:
	 	 	1.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CB&I Tyler Company
	 	 	1.00	 	 	 	100.0000	%	 	 	 	 






CB&I HOUSTON LLC




Membership Units




	 	 	 	 	 
	Number Authorized:
	 	 	100.00	 
	Number Issued:
	 	 	1.00	 
	Percent Issued:
	 	 	1.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CB&I UK LIMITED
	 	 	1.00	 	 	 	100.0000	%	 	 	 	 






CB&I Hungary Holding Limited Liabiltiy Company (CBI Hungary Kft.)




Registered Capital




	 	 	 	 	 
	Number Authorized:
	 	 	15,000.00	 
	Number Issued:
	 	 	15,000.00	 
	Percent Issued:
	 	 	100.00	%







	Comments: 	 	Reduced 102,500 by 87,500 = 15,000. HOC Restructuring






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	 	14,500.00	 	 	 	96.6667	%	 	 	 	 
	Chicago Bridge & Iron Company B.V.
	 	 	500.00	 	 	 	3.3333	%	 	 	 	 






CB&I London




Membership Units




	 	 	 	 	 
	Number Authorized:
	 	 	1.00	 
	Number Issued:
	 	 	1.00	 
	Percent Issued:
	 	 	100.00	%







	Comments: 	 	$500,000,000 authorized capital divided into 500,000,000 shaes of US$1






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CB&I UK LIMITED
	 	 	1.00	 	 	 	100.0000	%	 	 	 	 






 


Page 24 of 49









 





$200 Million Term Loan Schedules



Schedule 6.8 — Subsidiaries of CB&I



CB&I Paddington Limited




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	500,000,000.00	 	 	Par Value:	 	US$	1.00	 
	Number Issued:
	 	 	3,589,077.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	0.72	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CB&I Tyler Company
	 	 	3,589,077.00	 	 	 	100.0000	%	 	 	 	 






CB&I Tyler Company




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	1,000.00	 	 	Par Value:	 	US$	1.00	 
	Number Issued:
	 	 	1,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company
	 	 	1,000.00	 	 	 	100.0000	%	 	 	 	 






Preferred Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	100.00	 	 	Par Value:	 	$	1.00	 
	Number Issued:
	 	 	10.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	10.00	%	 	 	 	 	 	 	 	 







	Comments: 	 	Issued to CB&I Woodlands LLC






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CB&I WOODLANDS LLC
	 	 	10.00	 	 	 	100.0000	%	 	 	 	 






CB&I UK LIMITED




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	207,200,000.00	 	 	Par Value:	 	 	1.00	 
	Number Issued:
	 	 	117,074,741.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	56.50	%	 	 	 	 	 	 	 	 







	Comments: 	 	(pounds)

Increased by the creation of 200,000,000 ordinary shares in July 2004.






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	 	1.00	 	 	 	0.0000	%	 	 	 	 
	Chicago Bridge & Iron Company B.V.
	 	 	117,074,740.00	 	 	 	100.0000	%	 	 	 	 






 


Page 25 of 49









 





$200 Million Term Loan Schedules



Schedule 6.8 — Subsidiaries of CB&I



CB&I WOODLANDS LLC




Membership Units




	 	 	 	 	 
	Number Authorized:
	 	 	2.00	 
	Number Issued:
	 	 	2.00	 
	Percent Issued:
	 	 	100.00	%







	Comments: 	 	CB&I (Delaware) assigned its membership unit to CB&I London Limited






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CB&I Tyler Company
	 	 	2.00	 	 	 	100.0000	%	 	 	 	 






CBI (Malaysia) Sdn. Bhd.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	5,000,000.00	 	 	Par Value:	 	 	M$1	 
	Number Issued:
	 	 	1,500,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	30.00	%	 	 	 	 	 	 	 	 







	Comments: 	 	M$ = Malaysian Ringgit






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	735,000.00	 	 	 	49.0000	%	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Officers/Directors)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Haji Sulaiman Bin Ali
	 	 	140,000.00	 	 	 	9.3333	%	 	 	 	 
	Abdul R. Muhammed
	 	 	30,000.00	 	 	 	2.0000	%	 	 	 	 
	Datuk Abdullah Bin Ali
	 	 	595,000.00	 	 	 	39.6667	%	 	 	 	 






CBI (Philippines) Inc.




Common Shares




	 	 	 	 	 
	Number Authorized:
	 	 	2,000,000.00	 
	Number Issued:
	 	 	1,200,000.00	 
	Percent Issued:
	 	 	60.00	%







	Comments: 	 	3/30/04: Increased authorized capital from Php5,0000,000.00 to
Php20,000,000.00 divided into 2,000,000 shs, par value Php10.00 each






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	1,199,993.00	 	 	 	99.9994	%	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Shareholders)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Carlito H. Javier
	 	 	1.00	 	 	 	0.0001	%	 	 	 	 
	Salomon F. Reyes
	 	 	1.00	 	 	 	0.0001	%	 	 	 	 
	Badong, Orlando B.
	 	 	1.00	 	 	 	0.0001	%	 	 	 	 
	Tsurusaki, Kenneth T.
	 	 	1.00	 	 	 	0.0001	%	 	 	 	 
	Chung-Han, Ping
	 	 	1.00	 	 	 	0.0001	%	 	 	 	 
	David J. Cochrane
	 	 	1.00	 	 	 	0.0001	%	 	 	 	 
	Pedro T. Molo
	 	 	1.00	 	 	 	0.0001	%	 	 	 	 






 


Page 26 of 49









 





$200 Million Term Loan Schedules



Schedule 6.8 — Subsidiaries of CB&I



CBI (Thailand) Limited




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	1,000,000.00	 	 	Par Value:	 	 	100 B	 
	Number Issued:
	 	 	1,000,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 







	Comments: 	 	B = Thai Baht

Group A Shares are number 1-6,250 and 12,501 to 506,250.

Group B Shares are numbered 6,251 to 12,500 and 506,251 to 1,000,000.






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	499,998.00	 	 	 	49.9998	%	 	 	 	 
	Neo Creator Co, Limited
	 	 	499,997.00	 	 	 	49.9997	%	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Officers/Directors)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Ping-Chung Han
	 	 	1.00	 	 	 	0.0001	%	 	 	 	 
	Poosit Titanantabutr
	 	 	1.00	 	 	 	0.0001	%	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Shareholders)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Vasinwatanapong, Pattara
	 	 	1.00	 	 	 	0.0001	%	 	 	 	 
	Sensupa, Satit
	 	 	1.00	 	 	 	0.0001	%	 	 	 	 
	Malawan, Anawat
	 	 	1.00	 	 	 	0.0001	%	 	 	 	 






CBI ARUBA N.V.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	500.00	 	 	Par Value:	 	50,000.00 Aruban Florins
	Number Issued:
	 	 	100.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	20.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	100.00	 	 	 	100.0000	%	 	 	 	 






CBI Americas Ltd.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	10,000.00	 	 	Par Value:	 	 	0.00	 
	Number Issued:
	 	 	10,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 







	Comments: 	 	CBI (a Delaware corp.) is shareholder.






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company
	 	 	10,000.00	 	 	 	100.0000	%	 	 	 	 







 


Page 27 of 49











 




$200 Million Term Loan Schedules




Schedule 6.8 — Subsidiaries of CB&I




CBI Bahamas Limited




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	5,000.00	 	 	Par Value:	 	$	1.00	 
	Number Issued:
	 	 	5,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	 	5,000.00	 	 	 	100.0000	%	 	 	 	 






CBI COLOMBIANA S.A.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	60,000.00	 	 	Par Value:	 	1.00 peso
	Number Issued:
	 	 	60,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CBI Bahamas Limited
	 	 	3,000.00	 	 	 	5.0000	%	 	 	 	 
	Chicago Bridge & Iron Company B.V.
	 	 	57,000.00	*	 	 	95.0000	%	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Shareholders)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Jaime Eduardo Trujillo Calcedo
	 	 	 	 	 	 	 	 	 	 	 	 
	Clare Montgomery
	 	 	 	 	 	 	 	 	 	 	 	 
	Martha Tatiana Garces Carvajal
	 	 	 	 	 	 	 	 	 	 	 	 







	*	 	Note: Chicago Bridge & Iron Company B.V. holds 56,999.997 shares and the above individuals
each hold .001 shares.






CBI Caribe, Limited




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	3,500.00	 	 	Par Value:	 	$	100.00	 
	Number Issued:
	 	 	3,500.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	3,500.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company
	 	 	2,128.00	 	 	 	60.8000	%	 	 	60.8000	%






 


Page 28 of 49









 






$200 Million Term Loan Schedules




Schedule 6.8 — Subsidiaries of CB&I



CBI Company Ltd.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	10,000.00	 	 	Par Value:	 	 	0	 
	Number Issued:
	 	 	5,310.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	53.10	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	5,310.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company
	 	 	5,310.00	 	 	 	100.0000	%	 	 	100.0000	%






CBI Construcciones S.A.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	1,000,000.00	 	 	Par Value:	 	$	1	 
	Number Issued:
	 	 	1,000,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	 	50,000.00	 	 	 	5.0000	%	 	 	 	 
	Chicago Bridge & Iron Company B.V.
	 	 	950,000.00	 	 	 	95.0000	%	 	 	 	 






CBI Constructors (Jebel Ali) FZE




Common Shares




	 	 	 	 	 
	Number Authorized:
	 	 	1.00	 
	Number Issued:
	 	 	1.00	 
	Percent Issued:
	 	 	100.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	 	1.00	 	 	 	100.0000	%	 	 	 	 






CBI Constructors (PNG) Pty. Limited




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	100,000.00	 	 	Par Value:	 	 	K1.00	 
	Number Issued:
	 	 	100,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 







			
	Comments: 		K = Papua New Guinean Kina






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CBI Constructors Pty. Limited
	 	 	100,000.00	 	 	 	100.0000	%	 	 	 	 






 


Page 29 of 49









 






$200 Million Term Loan Schedules




Schedule 6.8 — Subsidiaries of CB&I



CBI Constructors Limited




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	200,000.00	 	 	Par Value:	 	 	L1	 
	Number Issued:
	 	 	163,536.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	81.77	%	 	 	 	 	 	 	 	 







			
	Comments:	 	L = English pounds






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CBI Holdings (U.K.) Limited
	 	 	163,536.00	 	 	 	100.0000	%	 	 	 	 






CBI Constructors Pty. Limited




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	500,000.00	 	 	Par Value:	 	$	1.00	 
	Number Issued:
	 	 	302,623.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	60.52	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	302,623.00	 	 	 	100.0000	%	 	 	 	 






CBI Constructors S.A. (Proprietary) Limited




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	275,000.00	 	 	Par Value:	 	 	R2	 
	Number Issued:
	 	 	263,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	95.64	%	 	 	 	 	 	 	 	 







			
	Comments:	 	R2 = South African Rand

Authorised Share Capital was increased by resolution on 08/21/1980.






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	263,000.00	 	 	 	100.0000	%	 	 	 	 






CBI Eastern Anstalt




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	1.00	 	 	Par Value:	 	Sfr.20,000
	Number Issued:
	 	 	1.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	1.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 







			
	Comments:	 	Sfr = Swiss francs






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	 	1.00	 	 	 	100.0000	%	 	 	100.0000	%






 


Page 30 of 49









 







$200 Million Term Loan Schedules



Schedule 6.8 — Subsidiaries of CB&I



CBI Holdings (U.K.) Limited




Common Shares




	 	 	 	 	 
	Number Authorized:
	 	 	1,001,000.00	 
	Number Issued:
	 	 	1,000,001.00	 
	Percent Issued:
	 	 	99.90	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	1,000,001.00	 	 	 	100.0000	%	 	 	 	 






CBI Ireland Limited




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	6,000.00	 	 	Par Value:	 	IR 1,000
	Number Issued:
	 	 	51.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	0.85	%	 	 	 	 	 	 	 	 







			
	Comments:	 	IR = Irish pounds






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	50.00	 	 	 	98.0392	%	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Officers/Directors)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	J. Hendrik Schurink
	 	 	1.00	 	 	 	1.9608	%	 	 	 	 






CBI JAMAICA LIMITED




Common Shares




	 	 	 	 	 
	Number Authorized:
	 	 	5,000.00	 
	Number Issued:
	 	 	5,000.00	 
	Percent Issued:
	 	 	100.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	5,000.00	 	 	 	100.0000	%	 	 	 	 






CBI Luxembourg S.a.r.l.




Common Shares




	 	 	 	 	 
	Number Authorized:
	 	 	640.00	 
	Number Issued:
	 	 	640.00	 
	Percent Issued:
	 	 	100.00	%







			
	Comments:	 	Issued Share Capital US$16,000.00






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	640.00	 	 	 	100.0000	%	 	 	 	 






 


Page 31 of 49









 





$200 Million Term Loan Schedules



Schedule 6.8 — Subsidiaries of CB&I



CBI MONTAJES DE CHILE LIMITADA




Class A Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	1,000.00	 	 	Par Value:	 	1.00 peso
	Number Issued:
	 	 	1,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	 	10.00	 	 	 	1.0000	%	 	 	 	 
	Chicago Bridge & Iron Company B.V.
	 	 	990.00	 	 	 	99.0000	%	 	 	 	 






CBI Overseas, LLC




Common Shares




	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	 	0.00	 	 	 	 	 	 	 	 	 






CBI Peruana SAC




Common Shares




	 	 	 	 	 
	Number Authorized:
	 	 	5,000.00	 
	Number Issued:
	 	 	5,000.00	 
	Percent Issued:
	 	 	100.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	4,999.99	 	 	 	99.9998	%	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Officers/Directors)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Cipriano Cedano
	 	 	0.01	 	 	 	0.0002	%	 	 	 	 






 


Page 32 of 49









 







$200 Million Term Loan Schedules



Schedule 6.8 — Subsidiaries of CB&I



CBI Services, Inc.




Preferred Shares Series B




	 	 	 	 	 
	Number Authorized:
	 	 	48,000.00	 
	Number Issued:
	 	 	8,000.00	 
	Percent Issued:
	 	 	16.67	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Horton CBI, Limited
	 	 	8,000.00	 	 	 	100.0000	%	 	 	 	 






Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	1,000,000.00	 	 	Par Value:	 	$	1.00	 
	Number Issued:
	 	 	11,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	1.10	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	11,000.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company
	 	 	11,000.00	 	 	 	100.0000	%	 	 	100.0000	%






Preferred Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	100,000.00	 	 	Par Value:	 	$	1.00	 
	Number Issued:
	 	 	22,202.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	22.20	%	 	 	 	 	 	 	 	 







			
	Comments:	 	(Preferred Shares Series A)






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Horton CBI, Limited
	 	 	22,202.00	 	 	 	100.0000	%	 	 	 	 






CBI Venezolana, S. A.




Common Shares




	 	 	 	 	 
	Number Authorized:
	 	 	17,200.00	 
	Number Issued:
	 	 	17,200.00	 
	Percent Issued:
	 	 	100.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	17,200.00	 	 	 	100.0000	%	 	 	 	 






 


Page 33 of 49









 






$200 Million Term Loan Schedules



Schedule 6.8 — Subsidiaries of CB&I



CBI de Nicaragua, Sociedad Anónima




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	1,000.00	 	 	Par Value:	 	 	C$10.00	 
	Number Issued:
	 	 	1,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 







			
	Comments:	 	C = Nicaraguan Cordobas






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CBI Caribe, Limited
	 	 	1.00	 	 	 	0.1000	%	 	 	 	 
	Chicago Bridge & Iron Company
	 	 	1.00	 	 	 	0.1000	%	 	 	 	 
	CBI Company Ltd.
	 	 	998.00	 	 	 	99.8000	%	 	 	 	 






CBI de Venezuela, C. A.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	25,050.00	 	 	Par Value:	 	Bs. 100
	Number Issued:
	 	 	25,050.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 







			
	Comments:	 	Bs. = Venzuelan Bolivars






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company
	 	 	25,050.00	 	 	 	100.0000	%	 	 	 	 






CMP Holdings B.V.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	60,000,000.00	 	 	Par Value:	 	NLG 0,51
	Number Issued:
	 	 	42,889,195.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	71.48	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	42,889,195.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 







			
	Comments:	 	NLG = Dutch guilders






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	42,889,195.00	 	 	 	100.0000	%	 	 	100.0000	%






CSA Trading Company Ltd.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	10,000.00	 	 	Par Value:	 	 	0.00	 
	Number Issued:
	 	 	10,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 







			
	Comments:	 	CBI (a Del corp. is shareholder)






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company
	 	 	10,000.00	 	 	 	100.0000	%	 	 	 	 






 


Page 34 of 49









 







$200 Million Term Loan Schedules



Schedule 6.8 — Subsidiaries of CB&I



Cape Steel Material Supply Company, Ltd.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	50,000.00	 	 	Par Value:	 	$	1.00	 
	Number Issued:
	 	 	2.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	0.00	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	2.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	 	2.00	 	 	 	100.0000	%	 	 	100.0000	%






Central Trading Company, Ltd.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	1,000.00	 	 	Par Value:	 	$	1.00	 
	Number Issued:
	 	 	1,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	1,000.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company
	 	 	1,000.00	 	 	 	100.0000	%	 	 	100.0000	%






Chicago Bridge & Iron (Antilles) N. V.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	30,000.00	 	 	Par Value:	 	$	1.00	 
	Number Issued:
	 	 	6,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	20.00	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	6,000.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 







			
	Comments:	 	Paid up Capital — $6,000






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	6,000.00	 	 	 	100.0000	%	 	 	100.0000	%






Chicago Bridge & Iron (España) S.A.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	25,000,000.00	 	 	Par Value:	 	1 peseta
	Number Issued:
	 	 	25,000,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	25,000,000.00	 	 	 	100.0000	%	 	 	 	 






 


Page 35 of 49









 






$200 Million Term Loan Schedules



Schedule 6.8 — Subsidiaries of CB&I



Chicago Bridge & Iron Company




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	1,000.00	 	 	Par Value:	 	$	1.00	 
	Number Issued:
	 	 	1,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	1,000.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company
	 	 	1,000.00	 	 	 	100.0000	%	 	 	100.0000	%






Chicago Bridge & Iron Company




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	3,000.00	 	 	Par Value:	 	 	0	 
	Number Issued:
	 	 	100.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	3.33	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	100.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company N.V.
	 	 	100.00	 	 	 	100.0000	%	 	 	100.0000	%






Chicago Bridge & Iron Company & Co. L.L.C.




Common Shares




	 	 	 	 	 
	Number Authorized:
	 	 	150,000.00	 
	Number Issued:
	 	 	150,000.00	 
	Percent Issued:
	 	 	100.00	%







			
	Comments:	 	Capital RD 150,000


Sayyid Slaem Musallam Ali Al-Bussaidy 45,000 = 30%

Chicago Bridge & Iron Company B.V. 105,000 = 70%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	105,000.00	 	 	 	70.0000	%	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Shareholders)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Sayyid Slaem Musallam Ali Al Bussaidy
	 	 	45,000.00	 	 	 	30.0000	%	 	 	 	 






 


Page 36 of 49









 







$200 Million Term Loan Schedules



Schedule 6.8 — Subsidiaries of CB&I



Chicago Bridge & Iron Company (Delaware)




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	1,000.00	 	 	Par Value:	 	$	1.00	 
	Number Issued:
	 	 	1,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	1,000.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company
	 	 	1,000.00	 	 	 	100.0000	%	 	 	100.0000	%






Chicago Bridge & Iron Company (Egypt) LLC




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	2,000.00	 	 	Par Value:	 	LE 100.00
	Number Issued:
	 	 	2,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 







			
	Comments:	 	LE = Egyptian pounds






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	1,600.00	 	 	 	80.0000	%	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Officers/Directors)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Basil Marco
	 	 	200.00	 	 	 	10.0000	%	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Shareholders)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Mike Nassar
	 	 	200.00	 	 	 	10.0000	%	 	 	 	 






Chicago Bridge & Iron Company B.V.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	200.00	 	 	Par Value:	 	NLG 1,000
	Number Issued:
	 	 	50.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	25.00	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	50.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 







			
	Comments:	 	PAR value is in Dutch guilders






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Lealand Finance Company B.V.
	 	 	50.00	 	 	 	100.0000	%	 	 	100.0000	%







 


Page 37 of 49











 






$200 Million Term Loan Schedules




Schedule 6.8 — Subsidiaries of CB&I




Chicago Bridge & Iron Company N.V.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	250,000,000.00	 	 	Par Value:	 	NLG 0,01
	Number Issued:
	 	 	98,083,608.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	39.23	%	 	 	 	 	 	 	 	 







			
	Comments:	 	Share Capital EUR 500,000






Chicago Bridge Uruguay S.A.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	1,050,000.00	 	 	Par Value:	 	$	1	 
	Number Issued:
	 	 	262,500.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	25.00	%	 	 	 	 	 	 	 	 







			
	Comments:	 	$ = Uruguayan peso






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	262,500.00	 	 	 	100.0000	%	 	 	 	 






Chicago Bridge de México, S.A. de C.V.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	1,000.00	 	 	Par Value:	 	$	50.00 M.N.	 
	Number Issued:
	 	 	1,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 







			
	Comments:	 	Class B shares






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	 	1.00	 	 	 	0.1000	%	 	 	 	 
	Chicago Bridge & Iron Company B.V.
	 	 	999.00	 	 	 	99.9000	%	 	 	 	 






Constructora C.B.I. Limitada




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	205,000.00	 	 	Par Value:	 	1 peso
	Number Issued:
	 	 	205,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	205,000.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 







			
	Comments:	 	205,000 pesos = US $1,000.00






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company
	 	 	2,050.00	 	 	 	1.0000	%	 	 	1.0000	%
	CBI Company Ltd.
	 	 	202,950.00	 	 	 	99.0000	%	 	 	99.0000	%






 


Page 38 of 49









 





$200 Million Term Loan Schedules




Schedule 6.8 — Subsidiaries of CB&I






Constructors International, L.L.C.




Units of Ownership




	 	 	 	 	 
	Number Authorized:
	 	 	2,500.00	 
	Number Issued:
	 	 	2,500.00	 
	Percent Issued:
	 	 	100.00	%
	Treasury Shares:
	 	 	0.00	 
	Number Outstanding:
	 	 	2,500.00	 
	Percent Outstanding:
	 	 	100.00	%






Fibre Making Processes, Inc.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	750.00	 	 	Par Value:	 	$	100.00	 
	Number Issued:
	 	 	750.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company
	 	 	750.00	 	 	 	100.0000	%	 	 	 	 






HBI Holdings, LLC




Units of Ownership




	 	 	 	 	 
	Number Authorized:
	 	 	100.00	 
	Number Issued:
	 	 	100.00	 
	Percent Issued:
	 	 	100.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Howe-Baker International Management, LLC
	 	 	100.00	 	 	 	100.0000	%	 	 	 	 






Highland Trading Company, Ltd.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	50,000.00	 	 	Par Value:	 	$	1.00	 
	Number Issued:
	 	 	2.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	0.00	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	2.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 







			
	Comments:	 	09/26/1994: Reduction in authorized capital from 900,000 shares of US$1.00 each to 50,000
shares of US$1.00 each






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company
	 	 	2.00	 	 	 	100.0000	%	 	 	100.0000	%






 


Page 39 of 49









 






$200 Million Term Loan Schedules




Schedule 6.8 — Subsidiaries of CB&I




Horton CBI, Limited




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	65,000.00	 	 	Par Value:	 	$	10.00	 
	Number Issued:
	 	 	64,979.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	99.97	%	 	 	 	 	 	 	 	 







			
	Comments:	 	$ = Canadian dollars






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	64,965.00	 	 	 	99.9785	%	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Shareholders)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	William Inman
	 	 	13.00	 	 	 	0.0200	%	 	 	 	 
	Phil Chasin
	 	 	1.00	 	 	 	0.0015	%	 	 	 	 






Howe-Baker Eastern Limited




Common Shares




	 	 	 	 	 
	Number Authorized:
	 	 	1,000,000.00	 
	Number Issued:
	 	 	1.00	 
	Percent Issued:
	 	 	0.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	1.00	 	 	 	100.0000	%	 	 	 	 






Howe-Baker Engineers, Ltd.




Stock Units




	 	 	 	 	 
	Number Authorized:
	 	 	100.00	 
	Number Issued:
	 	 	100.00	 
	Percent Issued:
	 	 	100.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Howe-Baker Holdings, L.L.C.
	 	 	99.00	 	 	 	99.0000	%	 	 	 	 
	Howe-Baker Management, L.L.C.
	 	 	1.00	 	 	 	1.0000	%	 	 	 	 






Howe-Baker Holdings, L.L.C.




Units of Ownership




	 	 	 	 	 
	Number Authorized:
	 	 	100.00	 
	Number Issued:
	 	 	100.00	 
	Percent Issued:
	 	 	100.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Howe-Baker International, L.L.C.
	 	 	100.00	 	 	 	100.0000	%	 	 	 	 






 


Page 40 of 49









 





$200 Million Term Loan Schedules




Schedule 6.8 — Subsidiaries of CB&I




Howe-Baker International Management, LLC




Units of Ownership




	 	 	 	 	 
	Number Authorized:
	 	 	100.00	 
	Number Issued:
	 	 	100.00	 
	Percent Issued:
	 	 	100.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Howe-Baker International, L.L.C.
	 	 	100.00	 	 	 	100.0000	%	 	 	 	 






Howe-Baker International, L.L.C.




Units of Ownership




	 	 	 	 	 
	Number Authorized:
	 	 	880.00	 
	Number Issued:
	 	 	880.00	 
	Percent Issued:
	 	 	100.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CB&I Tyler Company
	 	 	880.00	 	 	 	100.0000	%	 	 	 	 






Howe-Baker Management, L.L.C.




Units of Ownership




	 	 	 	 	 
	Number Authorized:
	 	 	1,000.00	 
	Number Issued:
	 	 	1,000.00	 
	Percent Issued:
	 	 	100.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Howe-Baker Holdings, L.L.C.
	 	 	1,000.00	 	 	 	100.0000	%	 	 	 	 






International Process Supply Company, Ltd




Common Shares




	 	 	 	 	 
	Number Authorized:
	 	 	50,000.00	 
	Number Issued:
	 	 	50,000.00	 
	Percent Issued:
	 	 	100.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	 	50,000.00	 	 	 	100.0000	%	 	 	 	 






 


Page 41 of 49









 





$200 Million Term Loan Schedules




Schedule 6.8 — Subsidiaries of CB&I




JOHN BROWN HYDROCARBONS B.V.




Common Shares




	 	 	 	 	 	 	 
	Number Authorized:	 	18,000.00	 	 	Par Value:	 	 	1.00






			
	Comments:	 	(Euro). Upon incorporation the issued capital shall amount of 18,000 (Euro) divided into
18,000 shares, numbered 1 to 18,000






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CMP Holdings B.V.
	 	 	 	 	 	 	 	 	 	 	 	 






Lealand Finance Company B.V.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	200.00	 	 	Par Value:	 	NLG 1000
	Number Issued:
	 	 	40.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	20.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company N.V.
	 	 	40.00	 	 	 	100.0000	%	 	 	 	 






Matrix Engineering, Ltd. (MANAGED BY HOWE-BAKER INTERNATIONAL MANAGEMENT, L.L.C.)




Capital Contributions




	 	 	 	 	 
	Number Authorized:
	 	 	100.00	 
	Number Issued:
	 	 	100.00	 
	Percent Issued:
	 	 	100.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Howe-Baker Holdings, L.L.C.
	 	 	99.90	 	 	 	99.9000	%	 	 	 	 
	Howe-Baker International Management, LLC
	 	 	0.10	 	 	 	0.1000	%	 	 	 	 






Matrix Management Services, L.L.C.




Units of Ownership




	 	 	 	 	 
	Number Authorized:
	 	 	100.00	 
	Number Issued:
	 	 	100.00	 
	Percent Issued:
	 	 	100.00	%






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Matrix Engineering, Ltd. (MANAGED BY HOWE-BAKER INTERNATIONAL MANAGEMENT,
L.L.C.)
	 	 	100.00	 	 	 	100.0000	%	 	 	 	 
	
	 	 	 	 	 	 	 	 	 	 	 	 






 


Page 42 of 49









 







$200 Million Term Loan Schedules




Schedule 6.8 — Subsidiaries of CB&I




Neo Creator Co, Limited




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	1,000.00	 	 	Par Value:	 	 	100 B	 
	Number Issued:
	 	 	1,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 







			
	Comments:	 	B = Thai Baht

Group A Shares are numbered 1 — 499

Group B Shares are numbered 500 — 1000






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	499.00	 	 	 	49.9000	%	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Shareholders)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Satit Sensupa
	 	 	1.00	 	 	 	0.1000	%	 	 	 	 
	Adisak Poonithet
	 	 	1.00	 	 	 	0.1000	%	 	 	 	 
	Thansammorn Manasarn
	 	 	1.00	 	 	 	0.1000	%	 	 	 	 
	Anawat Malamarn
	 	 	1.00	 	 	 	0.1000	%	 	 	 	 
	Patthara Wasinwatthanapong
	 	 	1.00	 	 	 	0.1000	%	 	 	 	 
	Pongyuth Chueasoey
	 	 	1.00	 	 	 	0.1000	%	 	 	 	 
	Chairat Traisarnsri
	 	 	1.00	 	 	 	0.1000	%	 	 	 	 
	VPPW Business Consultant Ltd.
	 	 	494.00	 	 	 	49.4000	%	 	 	 	 






Oasis Supply Company Anstalt




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	1.00	 	 	Par Value:	 	sfr.20,000
	Number Issued:
	 	 	1.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 







			
	Comments:	 	sfr. = Swiss francs






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CBI Eastern Anstalt
	 	 	1.00	 	 	 	100.0000	%	 	 	 	 






Oasis Supply Company, Ltd.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	50,000.00	 	 	Par Value:	 	$	1.00	 
	Number Issued:
	 	 	2.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	0.00	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	2.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 







			
	Comments:	 	09/26/1994: Authorized capital reduce from 900,000 shares of US$1.00 each to 50,000 shares
of US$1.00 each






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company
	 	 	2.00	 	 	 	100.0000	%	 	 	100.0000	%






 


Page 43 of 49









 







$200 Million Term Loan Schedules




Schedule 6.8 — Subsidiaries of CB&I




Oceanic Contractors, Inc.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	100,000.00	 	 	Par Value:	 	$	10.00	 
	Number Issued:
	 	 	45,720.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	45.72	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	45,720.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company
	 	 	45,720.00	 	 	 	100.0000	%	 	 	100.0000	%






Oxford Metal Supply Limited




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	100.00	 	 	Par Value:	 	 	L1.00	 
	Number Issued:
	 	 	100.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 







			
	Comments:	 	L = English pound






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CBI Constructors Limited
	 	 	99.00	 	 	 	99.0000	%	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Officers/Directors)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	J. Robert McKenzie
	 	 	1.00	 	 	 	1.0000	%	 	 	 	 






P.T. Chicago Bridge & Iron




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	6,624.00	 	 	Par Value:	 	Rp 1,720,000
	Number Issued:
	 	 	1,656.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	25.00	%	 	 	 	 	 	 	 	 







			
	Comments:	 	Rp=Indonesian Rupiah






Pacific Rim Material Supply Company, Ltd.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	50,000.00	 	 	Par Value:	 	$	1.00	 
	Number Issued:
	 	 	2.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	0.00	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	2.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	 	2.00	 	 	 	100.0000	%	 	 	100.0000	%






 


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$200 Million Term Loan Schedules




Schedule 6.8 — Subsidiaries of CB&I




Southern Tropic Material Supply Company, Ltd.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	50,000.00	 	 	Par Value:	 	$	1.00	 
	Number Issued:
	 	 	2.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	0.00	%	 	 	 	 	 	 	 	 
	Treasury Shares:
	 	 	0.00	 	 	 	 	 	 	 	 	 
	Number Outstanding:
	 	 	2.00	 	 	 	 	 	 	 	 	 
	Percent Outstanding:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	 	2.00	 	 	 	100.0000	%	 	 	100.0000	%






UltraPure Services, Inc.




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Number Authorized:
	 	 	1,000.00	 	 	Par Value:	 	$	1.00	 
	Number Issued:
	 	 	1,000.00	 	 	 	 	 	 	 	 	 
	Percent Issued:
	 	 	100.00	%	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company
	 	 	1,000.00	 	 	 	100.0000	%	 	 	 	 






WOODLANDS INTERNATIONAL INSURANCE COMPANY




Ordinary




	 	 	 	 	 
	Number Authorized:
	 	 	5,000,000.00	 
	Number Issued:
	 	 	860,000.00	 
	Percent Issued:
	 	 	17.20	%







			
	Comments:	 	5,000,000 at US$1.00 and 1,000,000 at Euro 1 each






	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	Chicago Bridge & Iron Company B.V.
	 	 	860,000.00	 	 	 	100.0000	%	 	 	 	 







 


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$200 Million Term Loan Schedules




Schedule 6.9 — Pension and Postretirement Plans




CB&I reviewed a valuation of ABB Lummus’ pension and postretirement medical plans as performed by
Watson Wyatt — the previous actuary of the ABB Lummus’ plans. From the Watson Wyatt valuation,
the under-funded status of $79.4 million as of December 31, 2006, was detailed as follows by
country:



	 	 	 	 	 
	Germany
	 	(52.7	) million
	Netherlands
	 	(5.6	) million
	United States
	 	(23.0	) million
	Other
	 	1.9	  million
	 
	 	 	 	 
	 
	 	 	 	 
	Total
	 	(79.4	) million under-funded status






 


Page 46 of 49









 





$200 Million Term Loan Schedules




Schedule 6.17 — Environmental Matters




A (iii) A subsidiary of the Company is subject to a consent order at its former facility in New
Castle, Delaware.



Other matters disclosed in the Company’s Annual Reports on Form 10-K for the years ended
December 31, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005 and 2006.



A (iv) The Company and its subsidiaries have operated for many years at many facilities at which
there are or may have been landfills, waste piles, underground storage tanks, aboveground storage
tanks, surface impoundments and hazardous waste storage facilities of all kinds, polychlorinated
biphenyls (PCBs) used in hydraulic oils, electric transformers or other equipment or asbestos
containing materials.



A (v) A subsidiary of the Company was a minority shareholder in a company which owned or operated
wood treating facilities at sites in the United States, some of which are currently under
investigation, monitoring or remediation under various environmental laws. With respect to some of
these sites, the subsidiary has been named a potentially responsible party (“PRP”) under the
Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”) and similar state
laws. Without admitting any liability, the subsidiary has entered into a consent decree with the
federal government regarding one of these sites and has had an administrative order issued against
it with respect to another. Without admitting any liability, the subsidiary has reached settlements
at most sites, which require the other PRP’s to perform the environmental clean-up. In July, 1996,
a judgment in favor of the subsidiary was entered in the suit Aluminum Company of America v. Beazer
East, Inc. v. Chicago Bridge & Iron Company, instituted in January 1991, before the U.S. District
Court for the Western District of Pennsylvania. On September 2, 1997, the United States Court of
Appeals for the Third Circuit affirmed the judgment in favor of the subsidiary. There were no
further appeals.



The Company has agreed to indemnify parties to whom it has sold facilities for certain
environmental liabilities arising from acts occurring before the dates those facilities were
transferred.



Other matters disclosed in the Company’s Annual Reports on Form 10-K for the years ended
December 31, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005 and 2006.


 


Page 47 of 49









 





$200 Million Term Loan Schedules




Schedule 7.3 (N) — Existing Restrictions




	 	 	 	 	 
	1)

	 	CBI Constructors Pty. Ltd.
	 	(Borrower)
	 

	 	Australia and New Zealand
Banking Group Limited
	 	(Bank)
	 
	 	 	 	 
	 

	 	Restriction/Condition
	 	Borrower undertakes to obtain the consent of the Bank in
writing prior to the remittance of monies by way of a loan or
dividend
	 
	 	 	 	 
	2)

	 	CBI Constructors Pty. Ltd.
	 	(Borrower)
	 

	 	HSBC Bank
	 	(Bank)
	 
	 	 	 	 
	 

	 	Restriction/Condition
	 	Borrower undertakes to obtain the consent of the Bank in
writing prior to the remittance of monies by way of a loan or
dividend
	 
	 	 	 	 
	2)

	 	CBI Constructors S.A.	 	 
	 

	 	(Pty.) Limited
	 	(Borrower)
	 
	 	 	 	 
	 

	 	Restriction/Condition
	 	As a non-resident controlled company; Borrower must be capitalized in an
amount not less than one third of its shareholders’ loan funds. Dividend payments are
subject to 12.5% secondary tax.






 


Page 48 of 49









 





$200 Million Term Loan Schedules




Schedule 7.3 (S) — Permitted Restricted Payments




Executive Equity Repurchase Payment not exceeding $36,500,000.



Effective February 6, 2006, a former executive received, pursuant to and as required by the
Company’s Management Defined Contribution Plan (“Plan”) dated March 26, 1997, distribution of
2,485,352 restricted stock units from a rabbi trust. To satisfy our responsibility under the Plan
for all applicable tax withholding, the Company withheld 901,532 shares, at a cost of approximately
$20.1 million, as treasury shares.



Pursuant to an agreement between the Company and the former executive, the distribution of shares
during the first quarter of 2006 included a put provision that required the Company to redeem the
shares for cash upon exercise of the put. In November 2006, the former executive exercised the put,
requiring the Company, pursuant to the agreement to redeem 1,456,720 shares for a price, as
determined under the agreement of approximately $38 million.




 


Page 49 of 49











 




CHICAGO BRIDGE & IRON COMPANY N.V.

Consolidated LC’s & Bank Guarantee’s as of September 30, 2007




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	currency	 	 	 	 
	Entity	 	LC Number	 	Issued by	 	Beneficiary	 	Purpose	 	Issued	 	Expiry Date	 	Currency	 	of issue	 	 	Value in USD	 
	68 CBI Eastern Anstalt
	 	PPU/LA7801 / MEAE2AE07G501849	 	ABN-AMRO	 	Jebel Ali Free Zone Authority	 	Labor	 	 	2/27/2001	 	 	 	3/1/2008	 	 	AED	 	 	50,000	 	 	 	13,616	 
	68 CBI Eastern Anstalt
	 	008330/0000/00 / MEAE2AE07G501851	 	ABN-AMRO	 	Ministry of Labor	 	Labor	 	 	7/24/2001	 	 	 	7/23/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	LA9275 / MEAE2AE07G501850	 	ABN-AMRO	 	Ministry of Labor	 	Labor	 	 	5/2/2002	 	 	 	5/2/2008	 	 	AED	 	 	30,000	 	 	 	8,169	 
	68 CBI Eastern Anstalt
	 	008302/0000/00 / MEAE2AE7G501853	 	ABN-AMRO	 	Ministry of Labor	 	Labor	 	 	7/15/2001	 	 	 	4/15/2008	 	 	AED	 	 	24,000	 	 	 	6,535	 
	68 CBI Eastern Anstalt
	 	LA12751 / MEAE2AE07G501847	 	ABN-AMRO	 	Jebel Ali Free Zone Authority	 	Labor	 	 	3/10/2005	 	 	 	3/9/2008	 	 	AED	 	 	50,000	 	 	 	13,616	 
	73 CBI Constructors FZE
	 	PPU/LA8838 / MEAE2AE07G401854	 	ABN-AMRO	 	Jebel Ali Free Zone Authority	 	Labor	 	 	7/26/2001	 	 	 	7/25/2008	 	 	AED	 	 	75,000	 	 	 	20,423	 
	61 CBI Constructors Pty (Australia)
	 	3325392	 	ANZ Australian-New Zealand Banking Group	 	Blacktown Council	 	Financial	 	 	7/7/1992	 	 	 	7/6/2008	 	 	AUD	 	 	84,500	 	 	 	74,983	 
	61 CBI Constructors Pty (Australia)
	 	3335992	 	ANZ Australian-New Zealand Banking Group	 	Shepparton Waterboard	 	Performance	 	 	11/27/1992	 	 	 	11/25/2007	 	 	AUD	 	 	7,996	 	 	 	7,095	 
	61 CBI Constructors Pty (Australia)
	 	21197	 	ANZ Australian-New Zealand Banking Group	 	Internal Revenue PNG	 	Financial	 	 	10/21/1997	 	 	 	11/20/2007	 	 	PGK	 	 	32,206	 	 	 	10,936	 
	61 CBI Constructors Pty (Australia)
	 	29070196-A	 	ANZ Australian-New Zealand Banking Group	 	Collector of Customs PNG	 	Financial	 	 	7/31/1996	 	 	 	7/31/2008	 	 	PGK	 	 	4,552	 	 	 	1,546	 
	58 CBI UK
	 	10001/ ST4003/04	 	Bank of America - Houston	 	Encana UK Ltd.	 	Performance	 	 	7/1/2003	 	 	 	12/31/2008	 	 	GBP	 	 	7,000,000	 	 	 	14,326,760	 
	55 Horton CBI, Ltd
	 	BMCH16684OS	 	BMO Bank of Montreal	 	Imperial Oil ltd	 	Performance	 	 	8/5/2002	 	 	 	12/31/2007	 	 	CAD	 	 	150,000	 	 	 	151,068	 
	13 Southern Tropic Material Supply Company
	 	715837055	 	Calyon NY	 	GNL Quintero S.A.	 	Retention	 	 	6/7/2007	 	 	 	6/7/2008	 	 	0	 	 	0	 	 	 	6,688,673	 
	135 CBI Montajes de Chile
	 	715837056	 	Calyon NY	 	GNL Quintero S.A.	 	Retention	 	 	6/7/2007	 	 	 	6/7/2008	 	 	0	 	 	0	 	 	 	9,158,209	 
	57 CBI UK
	 	715837053	 	Calyon NY	 	GNL Quintero S.A.	 	Retention	 	 	6/7/2007	 	 	 	6/7/2008	 	 	0	 	 	0	 	 	 	3,128,452	 
	117 Pacific Rim-Fujian Br.
	 	10847 AA 000022	 	De National Borg	 	Emmanuel Cotessat-Societe D’Advocats	 	Tax	 	 	11/16/2005	 	 	 	11/16/2007	 	 	EUR	 	 	50,000	 	 	 	71,309	 
	58 CBI UK
	 	10847 AA 23	 	De National Borg	 	BG International Limited	 	Performance	 	 	6/9/2006	 	 	 	12/30/2007	 	 	GBP	 	 	180,200	 	 	 	368,812	 
	583 CB & I John Brown Limited
	 	10847 AA 24	 	De National Borg	 	South Hook LNG Terminal Company Ltd.	 	Performance	 	 	10/16/2006	 	 	 	4/30/2010	 	 	GBP	 	 	12,354,265	 	 	 	25,285,227	 
	50 CBI Europe BV
	 	10847 AA 0013	 	De National Borg	 	Kantoren Fonds Nederland B.V.	 	Financial	 	 	4/10/2002	 	 	 	12/10/2007	 	 	EUR	 	 	27,663	 	 	 	39,453	 
	68 CBI Eastern Anstalt
	 	EBI1OG06003790 / BE06Q0600812	 	Emirates Bank Int’l	 	Uhde GmbH	 	Performance	 	 	8/25/2006	 	 	 	12/31/2007	 	 	0	 	 	0	 	 	 	60,000	 
	68 CBI Eastern Anstalt
	 	EBI1OG06002669	 	Emirates Bank Int’l	 	Nouman Fouad Trading	 	Financial	 	 	6/18/2006	 	 	 	11/30/2007	 	 	AED	 	 	4,500,000	 	 	 	1,225,395	 
	68 CBI Eastern Anstalt
	 	EBI1OG06002754	 	Emirates Bank Int’l	 	Enoc Processing Company LLC	 	Performance	 	 	6/22/2006	 	 	 	10/27/2007	 	 	0	 	 	0	 	 	 	751,000	 
	68 CBI Eastern Anstalt
	 	EBI1OG07002228	 	Emirates Bank Int’l	 	Nouman Fouad Trading	 	Financial	 	 	5/24/2007	 	 	 	12/31/2007	 	 	AED	 	 	640,000	 	 	 	174,278	 
	69 Arabian CBI Ltd
	 	EBI1OG06001334	 	Emirates Bank Int’l	 	AMC Industrial Construction Company Limited	 	Advance	 	 	3/30/2006	 	 	 	2/26/2008	 	 	0	 	 	0	 	 	 	2,556,120	 
	69 Arabian CBI Ltd
	 	EBI1OG06003773	 	Emirates Bank Int’l	 	Daelim Industrial Co. Ltd (DIC)	 	Advance	 	 	8/28/2006	 	 	 	7/8/2008	 	 	0	 	 	0	 	 	 	960,000	 
	69 Arabian CBI Ltd
	 	EBI1OG06003774	 	Emirates Bank Int’l	 	Daelim Industrial Co. Ltd (DIC)	 	Performance	 	 	8/28/2006	 	 	 	7/8/2008	 	 	0	 	 	0	 	 	 	480,000	 
	02 CBI Foreign
	 	EBI-PFG-0200344	 	Emirates Bank Int’l	 	Saudi Aramco — Qatif	 	Performance	 	 	2/19/2002	 	 	 	10/18/2007	 	 	0	 	 	0	 	 	 	5,786,135	 
	61 CBI Constructors Pty (Australia)
	 	20095	 	HSBC — Australia	 	ANZ Bank	 	Financial	 	 	12/24/2003	 	 	 	12/31/2007	 	 	AUD	 	 	280,000	 	 	 	248,464	 
	61 CBI Constructors Pty (Australia)
	 	40013	 	HSBC — Australia	 	John & Susan Kupferman	 	Financial	 	 	2/19/2004	 	 	 	12/1/2008	 	 	AUD	 	 	61,500	 	 	 	54,573	 
	61 CBI Constructors Pty (Australia)
	 	40114	 	HSBC — Australia	 	Ravensthorpe Nickel Corporation	 	Performance	 	 	12/24/2004	 	 	 	12/24/2007	 	 	AUD	 	 	1,781,140	 	 	 	1,580,530	 
	61 CBI Constructors Pty (Australia)
	 	40115	 	HSBC — Australia	 	Ravensthorpe Nickel Operations	 	Performance	 	 	12/24/2004	 	 	 	12/24/2007	 	 	AUD	 	 	1,781,140	 	 	 	1,580,530	 
	61 CBI Constructors Pty (Australia)
	 	50048	 	HSBC — Australia	 	Ravensthorpe Nickel Operations	 	Performance	 	 	5/16/2005	 	 	 	4/6/2008	 	 	AUD	 	 	284,910	 	 	 	252,821	 
	61 CBI Constructors Pty (Australia)
	 	50125	 	HSBC — Australia	 	Vopak Terminal Australia Pty Ltd.-Botany Bay	 	Performance	 	 	10/13/2005	 	 	 	12/21/2007	 	 	AUD	 	 	1,419,871	 	 	 	1,259,951	 
	61 CBI Constructors Pty (Australia)
	 	50127	 	HSBC — Australia	 	Vopak Terminal Australia Pty Ltd — Darwin	 	Performance	 	 	10/13/2005	 	 	 	10/2/2007	 	 	AUD	 	 	455,172	 	 	 	403,906	 
	61 CBI Constructors Pty (Australia)
	 	60207	 	HSBC — Australia	 	Caltex Refineries (NSW) Pty Ltd.	 	Performance	 	 	12/15/2006	 	 	 	12/14/2007	 	 	AUD	 	 	159,608	 	 	 	141,631	 
	61 CBI Constructors Pty (Australia)
	 	60208	 	HSBC — Australia	 	Caltex Refineries (NSW) Pty Ltd.	 	Performance	 	 	12/15/2006	 	 	 	12/14/2007	 	 	AUD	 	 	159,608	 	 	 	141,631	 
	61 CBI Constructors Pty (Australia)
	 	60209	 	HSBC — Australia	 	Caltex Refineries (NSW) Pty Ltd.	 	Performance	 	 	12/15/2006	 	 	 	12/14/2007	 	 	AUD	 	 	617,796	 	 	 	548,214	 
	61 CBI Constructors Pty (Australia)
	 	60210	 	HSBC — Australia	 	Caltex Refineries(NSW) Pty Ltd.	 	Performance	 	 	12/15/2006	 	 	 	12/14/2007	 	 	AUD	 	 	617,796	 	 	 	548,214	 
	61 CBI Constructors Pty (Australia)
	 	70049	 	HSBC — Australia	 	Woodside Burrup Pty Ltd.	 	Performance	 	 	4/26/2007	 	 	 	4/26/2008	 	 	AUD	 	 	1,700,000	 	 	 	1,508,529	 
	61 CBI Constructors Pty (Australia)
	 	60114	 	HSBC — Australia	 	Woodside Energy Ltd.	 	Performance	 	 	8/2/2006	 	 	 	8/1/2008	 	 	AUD	 	 	5,000,000	 	 	 	4,436,850	 
	61 CBI Constructors Pty (Australia)
	 	60115	 	HSBC — Australia	 	Woodside Energy Ltd	 	Performance	 	 	8/2/2006	 	 	 	8/1/2008	 	 	AUD	 	 	5,000,000	 	 	 	4,436,850	 
	61 CBI Constructors Pty (Australia)
	 	60139	 	HSBC — Australia	 	Goro Nickel SA	 	Performance	 	 	8/30/2006	 	 	 	12/30/2007	 	 	0	 	 	0	 	 	 	815,974	 
	61 CBI Constructors Pty (Australia)
	 	60141	 	HSBC — Australia	 	Goro Nickel SA	 	Advance	 	 	8/30/2006	 	 	 	12/30/2007	 	 	0	 	 	0	 	 	 	1,631,949	 
	61 CBI Constructors Pty (Australia)
	 	70095	 	HSBC — Australia	 	Comalco Aluminum Ltd.	 	Performance	 	 	10/13/2006	 	 	 	9/30/2008	 	 	AUD	 	 	331,913	 	 	 	294,530	 
	61 CBI Constructors Pty (Australia)
	 	70091	 	HSBC — Australia	 	Comalco Aluminum Ltd	 	Performance	 	 	10/13/2006	 	 	 	10/2/2007	 	 	AUD	 	 	331,913	 	 	 	294,530	 
	61 CBI Constructors Pty (Australia)
	 	70134	 	HSBC — Australia	 	RISC PTY Ltd.	 	Financial	 	 	8/30/2007	 	 	 	9/1/2010	 	 	AUD	 	 	39,699	 	 	 	35,227	 
	11 Pacific Rim Material Supply Company
	 	60203 / 63962	 	HSBC — Australia	 	Thai Oil Company Limited	 	Performance	 	 	12/5/2006	 	 	 	6/18/2009	 	 	0	 	 	0	 	 	 	330,939	 
	11 Pacific Rim Material Supply Company
	 	60202 / 63960	 	HSBC — Australia	 	Thai Oil Public Company Limited	 	Advance	 	 	12/5/2006	 	 	 	11/21/2008	 	 	0	 	 	0	 	 	 	165,470	 
	11 Pacific Rim Material Supply Company
	 	60201 / 63959	 	HSBC — Australia	 	Thai Oil Public Company Limited	 	Advance	 	 	12/5/2006	 	 	 	11/21/2008	 	 	0	 	 	0	 	 	 	661,878	 
	11 Pacific Rim Material Supply Company
	 	60120 / 62259	 	HSBC — Australia	 	Thai Oil Public Company Limited	 	Performance	 	 	8/7/2006	 	 	 	12/31/2007	 	 	0	 	 	0	 	 	 	144,517	 
	11 Pacific Rim Material Supply Company
	 	60119 / 62260	 	HSBC — Australia	 	Thai Oil Public Company Limited	 	Advance	 	 	8/7/2006	 	 	 	12/31/2007	 	 	0	 	 	0	 	 	 	289,033	 
	11 Pacific Rim Material Supply Company
	 	60138	 	HSBC — Australia	 	Goro Nickel SA	 	Performance	 	 	8/30/2006	 	 	 	10/29/2007	 	 	0	 	 	0	 	 	 	570,775	 
	11 Pacific Rim Material Supply Company
	 	60140	 	HSBC — Australia	 	Goro Nickel SA	 	Advance	 	 	8/30/2006	 	 	 	10/29/2007	 	 	0	 	 	0	 	 	 	1,141,549	 
	117 Pacific Rim-Fujian Br.
	 	PEBPTH050060	 	HSBC — Australia	 	CNOOC Fujian	 	Performance	 	 	6/8/2005	 	 	 	6/8/2013	 	 	0	 	 	0	 	 	 	10,025,325	 
	117 Pacific Rim-Fujian Br.
	 	APGTH050061	 	HSBC — Australia	 	CNOOC Fujian	 	Advance	 	 	6/8/2005	 	 	 	6/8/2008	 	 	0	 	 	0	 	 	 	4,545,547	 
	77 CBI ST Limited(Thailand)
	 	SLCPTH060204 / 60204	 	HSBC — Australia	 	Thai Oil Company Limited	 	Performance	 	 	12/5/2006	 	 	 	12/5/2007	 	 	0	 	 	0	 	 	 	392,883	 
	77 CBI ST Limited(Thailand)
	 	SLCPTH060205 / 60205	 	HSBC — Australia	 	Thai Oil Company Limited	 	Advance	 	 	12/5/2006	 	 	 	12/5/2007	 	 	0	 	 	0	 	 	 	392,883	 
	77 CBI ST Limited(Thailand)
	 	60122 / 62257	 	HSBC — Australia	 	Thai Oil Public Company Limited	 	Performance	 	 	8/7/2006	 	 	 	12/31/2008	 	 	THB	 	 	5,918,633	 	 	 	183,833	 
	77 CBI ST Limited(Thailand)
	 	60121 / 62258	 	HSBC — Australia	 	Thai Oil Public Company Limited	 	Advance	 	 	8/7/2006	 	 	 	12/31/2007	 	 	THB	 	 	11,837,265	 	 	 	367,665	 
	77 CBI ST Limited(Thailand)
	 	60150	 	HSBC — Australia	 	Thai Oil Consumer Co Operative Ltd.	 	Financial	 	 	9/18/2006	 	 	 	11/30/2007	 	 	THB	 	 	1,000,000	 	 	 	31,060	 
	505 CBI Europe BV (China)
	 	60045	 	HSBC — Australia	 	Zhejiang China	 	Bid	 	 	3/3/2006	 	 	 	12/30/2007	 	 	0	 	 	0	 	 	 	100,000	 
	508 CBI Europe/Chengda Cons
	 	60218	 	HSBC — Australia	 	Cnooc Fujian China	 	Advance	 	 	1/8/2007	 	 	 	1/8/2008	 	 	0	 	 	0	 	 	 	479,460	 
	508 CBI Europe/Chengda Cons
	 	60216	 	HSBC — Australia	 	CNOOC Fujian — china	 	Advance	 	 	1/8/2007	 	 	 	1/8/2008	 	 	CNY	 	 	4,348,039	 	 	 	578,376	 
	508 CBI Europe/Chengda Cons
	 	60217	 	HSBC — Australia	 	CNOOC Fujian — China	 	Advance	 	 	1/8/2007	 	 	 	1/8/2008	 	 	CNY	 	 	1,018,139	 	 	 	135,433	 
	68 CBI Eastern Anstalt
	 	PEB/CCO/061333/B  / PEB DOH 061055	 	HSBC — Bank Middle East	 	Fluor Mideast Limited	 	Performance	 	 	4/3/2006	 	 	 	6/16/2009	 	 	0	 	 	0	 	 	 	15,398,782	 
	68 CBI Eastern Anstalt
	 	PEB/CCO/037573/B	 	HSBC — Bank Middle East	 	Chiyoda Snamprogetti & Co W.L.L.	 	Performance	 	 	8/24/2003	 	 	 	10/19/2007	 	 	0	 	 	0	 	 	 	4,835,312	 
	68 CBI Eastern Anstalt
	 	PEB/CCO/047267/B	 	HSBC — Bank Middle East	 	Chiyoda Snamprogetti & Co W.L.L.	 	Performance	 	 	6/29/2004	 	 	 	5/30/2008	 	 	0	 	 	0	 	 	 	4,410,312	 
	68 CBI Eastern Anstalt
	 	APG/CCO/510392/B	 	HSBC — Bank Middle East	 	Snamprogetti S.p.A	 	Advance	 	 	9/28/2005	 	 	 	5/4/2008	 	 	0	 	 	0	 	 	 	14,000,000	 
	68 CBI Eastern Anstalt
	 	PEB/CCO/510393/B	 	HSBC — Bank Middle East	 	Snamprogetti S.p.A.	 	Performance	 	 	9/28/2005	 	 	 	3/3/2010	 	 	0	 	 	0	 	 	 	14,000,000	 
	68 CBI Eastern Anstalt
	 	FNG GTY/0612013/B & GTE DOH 063537	 	HSBC — Bank Middle East	 	Qatar Shell GTL Limited	 	Tax	 	 	11/30/2006	 	 	 	9/30/2010	 	 	0	 	 	0	 	 	 	100,000	 
	12 Arabian Gulf Material Supply Company
	 	REB/GTY/064197/B	 	HSBC — Bank Middle East	 	Proman GmbH	 	Retention	 	 	9/25/2006	 	 	 	12/31/2008	 	 	0	 	 	0	 	 	 	970,000	 






 


 









 





CHICAGO BRIDGE & IRON COMPANY N.V.

Consolidated LC’s & Bank Guarantee’s as of September 30, 2007




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	currency	 	 	 	 
	Entity	 	LC Number	 	Issued by	 	Beneficiary	 	Purpose	 	Issued	 	Expiry Date	 	Currency	 	of issue	 	 	Value in USD	 
	68 CBI Eastern Anstalt
	 	PEB/CCO/055418/B	 	HSBC — Bank Middle East	 	Chiyoda Snamprogetti & Co. W.L.L.	 	Performance	 	 	1/25/2005	 	 	 	10/30/2007	 	 	0	 	 	0	 	 	 	80,000	 
	68 CBI Eastern Anstalt
	 	PEB/CCO/055419/B	 	HSBC — Bank Middle East	 	Chiyoda Snamprogetti & Co. W.L.L.	 	Performance	 	 	1/25/2005	 	 	 	10/30/2007	 	 	0	 	 	0	 	 	 	19,500	 
	68 CBI Eastern Anstalt
	 	PEB/CCO/057325/B	 	HSBC — Bank Middle East	 	Arabian Bemco Contracting Co. Ltd.	 	Performance	 	 	5/5/2005	 	 	 	4/30/2008	 	 	0	 	 	0	 	 	 	76,250	 
	68 CBI Eastern Anstalt
	 	PEB/CCO/044089/B / PEB DOH 042531	 	HSBC — Bank Middle East	 	Qatar Fuel (WOQOD)	 	Performance	 	 	11/24/2004	 	 	 	12/31/2007	 	 	QAR	 	 	775,000	 	 	 	212,815	 
	68 CBI Eastern Anstalt
	 	PEB/CCO/063775/B	 	HSBC — Bank Middle East	 	Eastern Bechtel Co. Ltd. (EBCL)	 	Performance	 	 	8/28/2006	 	 	 	2/28/2008	 	 	0	 	 	0	 	 	 	574,750	 
	68 CBI Eastern Anstalt
	 	APG/CCO/063776/B	 	HSBC — Bank Middle East	 	Eastern Bechtel Co. Ltd. (EBCL)	 	Advance	 	 	8/27/2006	 	 	 	2/28/2008	 	 	0	 	 	0	 	 	 	1,149,500	 
	68 CBI Eastern Anstalt
	 	APG/GTY/064907/B	 	HSBC — Bank Middle East	 	Qatar Shell GTL Limited	 	Advance	 	 	11/14/2006	 	 	 	9/30/2010	 	 	GBP	 	 	1,526,462	 	 	 	3,124,179	 
	68 CBI Eastern Anstalt
	 	APG/GTY/064908/B	 	HSBC — Bank Middle East	 	Qatar Shell GTL Limited	 	Advance	 	 	11/14/2006	 	 	 	9/30/2010	 	 	EUR	 	 	5,559,742	 	 	 	7,929,193	 
	68 CBI Eastern Anstalt
	 	APG/GTY/064692/B	 	HSBC — Bank Middle East	 	Eastern Bechtel Co. Ltd.	 	Advance	 	 	10/31/2006	 	 	 	12/31/2009	 	 	0	 	 	0	 	 	 	480,933	 
	68 CBI Eastern Anstalt
	 	PEB/GTY/064693/B	 	HSBC — Bank Middle East	 	Eastern Bechtel Co. Ltd.	 	Performance	 	 	10/31/2006	 	 	 	12/31/2009	 	 	0	 	 	0	 	 	 	240,467	 
	68 CBI Eastern Anstalt
	 	GTE/GTY/01710312B / REB DOH 070250	 	HSBC — Bank Middle East	 	Qatar Shell GTL Limited	 	Tax	 	 	1/22/2007	 	 	 	9/30/2010	 	 	0	 	 	0	 	 	 	1,216,622	 
	68 CBI Eastern Anstalt
	 	PEB/GTY/0751916/B	 	HSBC — Bank Middle East	 	Linde AG	 	Performance	 	 	4/26/2007	 	 	 	12/31/2008	 	 	0	 	 	0	 	 	 	779,800	 
	68 CBI Eastern Anstalt
	 	APG/GTY/0751935/B	 	HSBC — Bank Middle East	 	Linde AG	 	Advance	 	 	4/28/2007	 	 	 	12/31/2008	 	 	0	 	 	0	 	 	 	1,559,600	 
	68 CBI Eastern Anstalt
	 	APG/GTY/064906/B	 	HSBC — Bank Middle East	 	Qatar Shell GTL Limited	 	Advance	 	 	11/14/2006	 	 	 	9/30/2010	 	 	0	 	 	0	 	 	 	29,146,888	 
	68 CBI Eastern Anstalt
	 	REB/GTY/0611602/B	 	HSBC — Bank Middle East	 	Eastern Bechtel Co. Ltd.	 	Retention	 	 	11/12/2006	 	 	 	2/28/2008	 	 	0	 	 	0	 	 	 	1,630,083	 
	68 CBI Eastern Anstalt
	 	PEB/GTY/0611743/B	 	HSBC — Bank Middle East	 	Qatar Shell GTL Limited	 	Performance	 	 	11/16/2006	 	 	 	9/30/2010	 	 	0	 	 	0	 	 	 	38,930,324	 
	68 CBI Eastern Anstalt
	 	PEB/CCO/069274/B	 	HSBC — Bank Middle East	 	SNC Lavalin Gulf Contractors	 	Performance	 	 	7/10/2006	 	 	 	10/11/2007	 	 	0	 	 	0	 	 	 	73,300	 
	101 CBI Company & Co. LLC
	 	PEB/CCO/038279/B	 	HSBC — Bank Middle East	 	JGC Corporation	 	Performance	 	 	10/23/2003	 	 	 	10/23/2007	 	 	0	 	 	0	 	 	 	867,435	 
	101 CBI Company & Co. LLC
	 	REB/GTY/0751160/B / GTE BAF 070025	 	HSBC — Bank Middle East	 	Oman Proman Contracting & Trading L.L.C.	 	Retention	 	 	3/15/2007	 	 	 	12/31/2008	 	 	0	 	 	0	 	 	 	250,000	 
	68 CBI Eastern Anstalt
	 	PEB/CCO/510045/B	 	HSBC — Bank Middle East	 	Chiyoda Snamprogetti & Co W.L.L.	 	Performance	 	 	9/13/2005	 	 	 	12/26/2007	 	 	0	 	 	0	 	 	 	41,000	 
	72 Oasis Supply Company Anstalt
	 	APG/GTY/0752151/B	 	HSBC — Bank Middle East	 	Hyundai Engineering & Construction Co. Ltd.	 	Advance	 	 	5/10/2007	 	 	 	1/12/2009	 	 	0	 	 	0	 	 	 	2,934,000	 
	72 Oasis Supply Company Anstalt
	 	PEB/GTY/0752152/B	 	HSBC — Bank Middle East	 	Hyundai Engineering & Construction Co. Ltd.	 	Performance	 	 	5/10/2007	 	 	 	1/12/2009	 	 	0	 	 	0	 	 	 	1,956,000	 
	69 Arabian CBI Ltd
	 	PEB/CCO/059289/B	 	HSBC — Bank Middle East	 	JGC Arabia Limited	 	Performance	 	 	8/8/2005	 	 	 	10/8/2007	 	 	SAR	 	 	6,476,250	 	 	 	1,727,864	 
	69 Arabian CBI Ltd
	 	APG/CCO/059288/B	 	HSBC — Bank Middle East	 	JGC Arabia Limited	 	Advance	 	 	8/8/2005	 	 	 	10/4/2007	 	 	SAR	 	 	2,276,250	 	 	 	607,304	 
	68 CBI Eastern Anstalt
	 	G032738	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	2/3/2003	 	 	 	2/2/2008	 	 	AED	 	 	135,000	 	 	 	36,762	 
	68 CBI Eastern Anstalt
	 	G030505	 	Mashreq Bank	 	Ministry of Labor	 	Labor	 	 	9/11/2002	 	 	 	4/11/2008	 	 	AED	 	 	15,000	 	 	 	4,085	 
	68 CBI Eastern Anstalt
	 	G031219	 	Mashreq Bank	 	Ministry of Labor	 	Labor	 	 	10/21/2002	 	 	 	4/20/2008	 	 	AED	 	 	18,000	 	 	 	4,902	 
	68 CBI Eastern Anstalt
	 	G031797	 	Mashreq Bank	 	Ministry of Labor	 	Labor	 	 	12/1/2002	 	 	 	4/1/2008	 	 	AED	 	 	51,000	 	 	 	13,888	 
	68 CBI Eastern Anstalt
	 	G032192	 	Mashreq Bank	 	Ministry of Labor	 	Labor	 	 	12/30/2002	 	 	 	4/30/2008	 	 	AED	 	 	51,000	 	 	 	13,888	 
	68 CBI Eastern Anstalt
	 	G034082	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	4/22/2003	 	 	 	4/21/2008	 	 	AED	 	 	93,000	 	 	 	25,325	 
	68 CBI Eastern Anstalt
	 	G033317	 	Mashreq Bank	 	Ministry of Labor & Social Affairs — Labor Sector	 	Labor	 	 	3/10/2003	 	 	 	3/9/2008	 	 	AED	 	 	9,000	 	 	 	2,451	 
	68 CBI Eastern Anstalt
	 	G033588	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	3/25/2003	 	 	 	3/24/2008	 	 	AED	 	 	81,000	 	 	 	22,057	 
	68 CBI Eastern Anstalt
	 	G041536	 	Mashreq Bank	 	Ministry of Labor and Social Affair	 	Labor	 	 	8/8/2004	 	 	 	4/7/2008	 	 	AED	 	 	42,000	 	 	 	11,437	 
	68 CBI Eastern Anstalt
	 	G041830	 	Mashreq Bank	 	Ministry of Labor and Social Affair	 	Labor	 	 	8/23/2004	 	 	 	4/23/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G041943000	 	Mashreq Bank	 	Ministry of Labor and Social Affair	 	Labor	 	 	8/29/2004	 	 	 	4/28/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G042249000	 	Mashreq Bank	 	Ministry of Labor and Social Affair	 	Labor	 	 	9/15/2004	 	 	 	4/14/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G033066	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	2/24/2003	 	 	 	2/23/2008	 	 	AED	 	 	24,000	 	 	 	6,535	 
	68 CBI Eastern Anstalt
	 	G034167	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	4/27/2003	 	 	 	4/26/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G044076	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	1/6/2005	 	 	 	1/5/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G044192	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	1/15/2005	 	 	 	1/14/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G044292	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	1/18/2005	 	 	 	1/17/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G044485	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	2/1/2005	 	 	 	2/1/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G044693	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	2/13/2005	 	 	 	2/12/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G046934	 	Mashreq Bank	 	Ministry of Labor and Social
Affairs-Labor Sector	 	Labor	 	 	6/12/2005	 	 	 	6/11/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G047122	 	Mashreq Bank	 	Ministry of Labor and Social Affair	 	Labor	 	 	6/25/2005	 	 	 	6/24/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G047228	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	6/28/2005	 	 	 	6/27/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G047498	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	7/11/2005	 	 	 	7/10/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G047848	 	Mashreq Bank	 	Ministry of Labor and Social Affairs-Labor Sector	 	Labor	 	 	8/2/2005	 	 	 	8/1/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G047973	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	8/11/2005	 	 	 	8/10/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G048182	 	Mashreq Bank	 	Ministry of Labor and Social Affair
- Labor Sector	 	Labor	 	 	8/23/2005	 	 	 	8/22/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G048313	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	8/30/2005	 	 	 	8/29/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G048417	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	9/7/2005	 	 	 	9/6/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G048567	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	9/14/2005	 	 	 	9/13/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G048832	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	9/29/2005	 	 	 	9/28/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G048838	 	Mashreq Bank	 	Ministry of Economy and Planning	 	Financial	 	 	10/1/2005	 	 	 	10/1/2008	 	 	AED	 	 	50,000	 	 	 	13,616	 
	68 CBI Eastern Anstalt
	 	G048837	 	Mashreq Bank	 	Ministry of Economy and Plannning	 	Financial	 	 	10/1/2005	 	 	 	10/1/2008	 	 	AED	 	 	50,000	 	 	 	13,616	 
	68 CBI Eastern Anstalt
	 	G042480	 	Mashreq Bank	 	Ministry of Labor and Social Affair	 	Labor	 	 	9/27/2004	 	 	 	9/26/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G042598	 	Mashreq Bank	 	Ministry of Labor and Social Affair	 	Labor	 	 	10/4/2004	 	 	 	10/3/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G042845	 	Mashreq Bank	 	Ministry of Labor and Social Affair	 	Labor	 	 	10/19/2004	 	 	 	10/18/2008	 	 	AED	 	 	6,000	 	 	 	1,634	 
	68 CBI Eastern Anstalt
	 	G042846	 	Mashreq Bank	 	Ministry of Labor and Social Affair	 	Labor	 	 	10/19/2004	 	 	 	10/18/2008	 	 	AED	 	 	6,000	 	 	 	1,634	 
	68 CBI Eastern Anstalt
	 	G045098	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	3/9/2005	 	 	 	3/8/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G049068	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	10/15/2005	 	 	 	10/14/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G048947	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	10/6/2005	 	 	 	10/5/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G049815	 	Mashreq Bank	 	Ministry of Labor & Social
Affairs — Labor Sector	 	Labor	 	 	11/24/2005	 	 	 	11/23/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G050130	 	Mashreq Bank	 	Ministry of Labor and Social Affairs Labor Sector	 	Labor	 	 	12/12/2005	 	 	 	12/11/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G049951	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	12/4/2005	 	 	 	12/3/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G049952	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	12/4/2005	 	 	 	12/3/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G050332	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	12/22/2005	 	 	 	12/21/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G050450	 	Mashreq Bank	 	Abu Dhabi National Oil Company for Distribution	 	Warranty	 	 	12/28/2005	 	 	 	12/1/2007	 	 	AED	 	 	500,000	 	 	 	136,155	 
	68 CBI Eastern Anstalt
	 	G051289	 	Mashreq Bank	 	Ministry of Labor & Social Affairs — Abu Dhabi	 	Labor	 	 	2/21/2006	 	 	 	2/20/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G051524	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	3/2/2006	 	 	 	3/1/2008	 	 	AED	 	 	105,000	 	 	 	28,593	 






 


 









 





CHICAGO BRIDGE & IRON COMPANY N.V.

Consolidated LC’s & Bank Guarantee’s as of September 30, 2007




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	currency	 	 	 	 
	Entity	 	LC Number	 	Issued by	 	Beneficiary	 	Purpose	 	Issued	 	Expiry Date	 	Currency	 	of issue	 	 	Value in USD	 
	68 CBI Eastern Anstalt
	 	G054874	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Abu Dhabi	 	Labor	 	 	8/24/2006	 	 	 	8/23/2008	 	 	AED	 	 	9,000	 	 	 	2,451	 
	68 CBI Eastern Anstalt
	 	G052435	 	Mashreq Bank	 	Abu Dhabi National Oil Company	 	Financial	 	 	4/19/2006	 	 	 	12/18/2007	 	 	AED	 	 	30,000	 	 	 	8,169	 
	68 CBI Eastern Anstalt
	 	G052190	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	4/4/2006	 	 	 	4/30/2008	 	 	AED	 	 	15,000	 	 	 	4,085	 
	68 CBI Eastern Anstalt
	 	G052203	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	4/5/2006	 	 	 	4/4/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G052409	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	4/19/2006	 	 	 	4/18/2008	 	 	AED	 	 	15,000	 	 	 	4,085	 
	68 CBI Eastern Anstalt
	 	G052474	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	4/23/2006	 	 	 	4/22/2008	 	 	AED	 	 	102,000	 	 	 	27,776	 
	68 CBI Eastern Anstalt
	 	G052618	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	4/30/2006	 	 	 	4/29/2008	 	 	AED	 	 	192,000	 	 	 	52,284	 
	68 CBI Eastern Anstalt
	 	G052652	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Abu Dhabi	 	Labor	 	 	5/1/2006	 	 	 	4/30/2008	 	 	AED	 	 	96,000	 	 	 	26,142	 
	68 CBI Eastern Anstalt
	 	G052754	 	Mashreq Bank	 	Abu Dhabi National Oil Company for Distribution	 	Financial	 	 	5/3/2006	 	 	 	5/2/2008	 	 	AED	 	 	160,000	 	 	 	43,570	 
	68 CBI Eastern Anstalt
	 	G052798	 	Mashreq Bank	 	Bemco Contracting Company Qatar (WLL)	 	Advance	 	 	5/8/2006	 	 	 	11/30/2007	 	 	0	 	 	0	 	 	 	342,800	 
	68 CBI Eastern Anstalt
	 	G052946	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	5/15/2006	 	 	 	5/14/2008	 	 	AED	 	 	114,000	 	 	 	31,043	 
	68 CBI Eastern Anstalt
	 	G052967	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	5/15/2006	 	 	 	5/14/2008	 	 	AED	 	 	9,000	 	 	 	2,451	 
	68 CBI Eastern Anstalt
	 	G052990	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	5/15/2006	 	 	 	5/14/2008	 	 	AED	 	 	9,000	 	 	 	2,451	 
	68 CBI Eastern Anstalt
	 	G053160	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Abu Dhabi	 	Labor	 	 	5/25/2006	 	 	 	5/24/2008	 	 	AED	 	 	165,000	 	 	 	44,931	 
	68 CBI Eastern Anstalt
	 	G052951	 	Mashreq Bank	 	Bemco Contracting Company Qatar (WLL)	 	Performance	 	 	5/14/2006	 	 	 	11/30/2007	 	 	0	 	 	0	 	 	 	85,700	 
	68 CBI Eastern Anstalt
	 	G053316	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	6/3/2006	 	 	 	6/2/2008	 	 	AED	 	 	9,000	 	 	 	2,451	 
	68 CBI Eastern Anstalt
	 	G053537	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	6/14/2006	 	 	 	6/13/2008	 	 	AED	 	 	30,000	 	 	 	8,169	 
	68 CBI Eastern Anstalt
	 	G053539	 	Mashreq Bank	 	Jebel Ali Free Zone Authority	 	Labor	 	 	6/14/2006	 	 	 	6/13/2008	 	 	AED	 	 	75,000	 	 	 	20,423	 
	68 CBI Eastern Anstalt
	 	G053611	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	6/18/2006	 	 	 	6/17/2008	 	 	AED	 	 	24,000	 	 	 	6,535	 
	68 CBI Eastern Anstalt
	 	G053859	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	7/1/2006	 	 	 	6/30/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G054072	 	Mashreq Bank	 	Ministry of Labor and social Affairs	 	Labor	 	 	7/11/2006	 	 	 	7/10/2008	 	 	AED	 	 	99,000	 	 	 	26,959	 
	68 CBI Eastern Anstalt
	 	G054147	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	7/16/2006	 	 	 	7/15/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G054241	 	Mashreq Bank	 	Ministry of Labor and Soccial Affairs	 	Labor	 	 	7/19/2006	 	 	 	7/18/2008	 	 	AED	 	 	30,000	 	 	 	8,169	 
	68 CBI Eastern Anstalt
	 	G054351	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Abu Dhabi	 	Labor	 	 	7/25/2006	 	 	 	7/24/2008	 	 	AED	 	 	39,000	 	 	 	10,620	 
	68 CBI Eastern Anstalt
	 	G054491	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	8/1/2006	 	 	 	7/31/2008	 	 	AED	 	 	15,000	 	 	 	4,085	 
	68 CBI Eastern Anstalt
	 	G054507	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	8/2/2006	 	 	 	8/1/2008	 	 	AED	 	 	21,000	 	 	 	5,719	 
	68 CBI Eastern Anstalt
	 	G054560	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	8/6/2006	 	 	 	8/5/2008	 	 	AED	 	 	33,000	 	 	 	8,986	 
	68 CBI Eastern Anstalt
	 	G050558	 	Mashreq Bank	 	Jebel Ali Free Zone Authority	 	Labor	 	 	1/12/2006	 	 	 	1/12/2008	 	 	AED	 	 	50,000	 	 	 	13,616	 
	68 CBI Eastern Anstalt
	 	G050929	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	1/31/2006	 	 	 	1/30/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G050944	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	2/2/2006	 	 	 	2/1/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G051108	 	Mashreq Bank	 	Ministry of Labor & Social Affairs-Abu Dhabi	 	Labor	 	 	2/12/2006	 	 	 	2/11/2008	 	 	AED	 	 	51,000	 	 	 	13,888	 
	68 CBI Eastern Anstalt
	 	G051180	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	2/15/2006	 	 	 	2/14/2008	 	 	AED	 	 	6,000	 	 	 	1,634	 
	68 CBI Eastern Anstalt
	 	G055918	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	11/2/2006	 	 	 	11/1/2008	 	 	AED	 	 	6,000	 	 	 	1,634	 
	68 CBI Eastern Anstalt
	 	G056079	 	Mashreq Bank	 	Ministry of Labor & social Affairs	 	Labor	 	 	11/14/2006	 	 	 	11/13/2008	 	 	AED	 	 	6,000	 	 	 	1,634	 
	68 CBI Eastern Anstalt
	 	G056125	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	11/16/2006	 	 	 	11/15/2008	 	 	AED	 	 	6,000	 	 	 	1,634	 
	68 CBI Eastern Anstalt
	 	G055998	 	Mashreq Bank	 	Star Energy Resources Ltd.	 	Advance	 	 	11/9/2006	 	 	 	1/31/2008	 	 	0	 	 	0	 	 	 	2,005,000	 
	68 CBI Eastern Anstalt
	 	G056634	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	12/18/2006	 	 	 	12/17/2008	 	 	AED	 	 	21,000	 	 	 	5,719	 
	68 CBI Eastern Anstalt
	 	G056624	 	Mashreq Bank	 	Ministry of Economy and Planning	 	Financial	 	 	12/18/2006	 	 	 	12/17/2007	 	 	AED	 	 	50,000	 	 	 	13,616	 
	68 CBI Eastern Anstalt
	 	G056617	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	12/17/2006	 	 	 	12/16/2008	 	 	AED	 	 	12,000	 	 	 	3,268	 
	68 CBI Eastern Anstalt
	 	G056843	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	1/7/2007	 	 	 	1/5/2008	 	 	AED	 	 	12,000	 	 	 	3,268	 
	68 CBI Eastern Anstalt
	 	G056844	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	1/7/2007	 	 	 	1/5/2008	 	 	AED	 	 	33,000	 	 	 	8,986	 
	68 CBI Eastern Anstalt
	 	G056850	 	Mashreq Bank	 	Abu Dhabi National Oil Company for Distribution	 	Financial	 	 	1/7/2007	 	 	 	1/2/2008	 	 	AED	 	 	150,000	 	 	 	40,847	 
	68 CBI Eastern Anstalt
	 	G057028	 	Mashreq Bank	 	Ministry of Laboiur & Social Affairs	 	Labor	 	 	1/18/2007	 	 	 	1/17/2008	 	 	AED	 	 	27,000	 	 	 	7,352	 
	68 CBI Eastern Anstalt
	 	G057175	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Abu Dhabi	 	Labor	 	 	1/30/2007	 	 	 	1/29/2008	 	 	AED	 	 	24,000	 	 	 	6,535	 
	68 CBI Eastern Anstalt
	 	G057236	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Abu Dhabi	 	Labor	 	 	2/4/2007	 	 	 	2/3/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G057284	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	2/8/2007	 	 	 	2/7/2008	 	 	AED	 	 	87,000	 	 	 	23,691	 
	68 CBI Eastern Anstalt
	 	G057363	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Abu Dhabi	 	Labor	 	 	2/13/2007	 	 	 	2/12/2008	 	 	AED	 	 	33,000	 	 	 	8,986	 
	68 CBI Eastern Anstalt
	 	G057328	 	Mashreq Bank	 	Star Energy Resources Ltd.	 	Retention	 	 	2/8/2007	 	 	 	3/13/2009	 	 	0	 	 	0	 	 	 	2,005,000	 
	68 CBI Eastern Anstalt
	 	G057501	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Abu Dhabi	 	Labor	 	 	2/22/2007	 	 	 	2/21/2008	 	 	AED	 	 	33,000	 	 	 	8,986	 
	68 CBI Eastern Anstalt
	 	G057586	 	Mashreq Bank	 	Ministry of Labor & social affairs - Abu Dhabi	 	Labor	 	 	2/28/2007	 	 	 	2/7/2008	 	 	AED	 	 	18,000	 	 	 	4,902	 
	68 CBI Eastern Anstalt
	 	G057587	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Dubai	 	Labor	 	 	2/28/2007	 	 	 	2/27/2008	 	 	AED	 	 	45,000	 	 	 	12,254	 
	68 CBI Eastern Anstalt
	 	G057765	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Ajman	 	Labor	 	 	3/13/2007	 	 	 	3/12/2008	 	 	AED	 	 	27,000	 	 	 	7,352	 
	68 CBI Eastern Anstalt
	 	G058307	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	4/17/2007	 	 	 	4/16/2008	 	 	AED	 	 	9,000	 	 	 	2,451	 
	68 CBI Eastern Anstalt
	 	G058364	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	4/19/2007	 	 	 	4/18/2008	 	 	AED	 	 	9,000	 	 	 	2,451	 
	68 CBI Eastern Anstalt
	 	G058363	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	4/19/2007	 	 	 	4/18/2008	 	 	AED	 	 	30,000	 	 	 	8,169	 
	68 CBI Eastern Anstalt
	 	G058411	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	4/23/2007	 	 	 	4/22/2008	 	 	AED	 	 	24,000	 	 	 	6,535	 
	68 CBI Eastern Anstalt
	 	G058709	 	Mashreq Bank	 	Ministry of Labor & Social
Affairs - Abu Dhabi	 	Labor	 	 	5/10/2007	 	 	 	5/9/2008	 	 	AED	 	 	84,000	 	 	 	22,874	 
	68 CBI Eastern Anstalt
	 	G058746	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Dubai	 	Labor	 	 	5/14/2007	 	 	 	5/13/2008	 	 	AED	 	 	27,000	 	 	 	7,352	 
	68 CBI Eastern Anstalt
	 	G058831	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Ajman	 	Labor	 	 	5/20/2007	 	 	 	5/19/2008	 	 	AED	 	 	18,000	 	 	 	4,902	 
	68 CBI Eastern Anstalt
	 	G058873	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Abu Dhabi	 	Labor	 	 	5/21/2007	 	 	 	5/20/2008	 	 	AED	 	 	102,000	 	 	 	27,776	 
	68 CBI Eastern Anstalt
	 	G058916	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Ajman	 	Labor	 	 	5/24/2007	 	 	 	5/23/2008	 	 	AED	 	 	33,000	 	 	 	8,986	 
	68 CBI Eastern Anstalt
	 	G058915	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Dubai	 	Labor	 	 	5/24/2007	 	 	 	5/23/2008	 	 	AED	 	 	27,000	 	 	 	7,352	 
	68 CBI Eastern Anstalt
	 	G055222	 	Mashreq Bank	 	Ministry of Labor & social Affairs - abu dhabi	 	Labor	 	 	9/16/2006	 	 	 	9/15/2008	 	 	AED	 	 	30,000	 	 	 	8,169	 
	68 CBI Eastern Anstalt
	 	G055396	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	9/27/2006	 	 	 	9/26/2008	 	 	AED	 	 	63,000	 	 	 	17,156	 
	68 CBI Eastern Anstalt
	 	G055431	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Abu Dhabi	 	Labor	 	 	9/28/2006	 	 	 	9/27/2008	 	 	AED	 	 	24,000	 	 	 	6,535	 
	68 CBI Eastern Anstalt
	 	G055572	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Dubai	 	Labor	 	 	10/9/2006	 	 	 	10/8/2008	 	 	AED	 	 	6,000	 	 	 	1,634	 
	68 CBI Eastern Anstalt
	 	G055669	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	10/15/2006	 	 	 	10/14/2008	 	 	AED	 	 	6,000	 	 	 	1,634	 
	68 CBI Eastern Anstalt
	 	G056206	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	11/21/2006	 	 	 	11/20/2008	 	 	AED	 	 	12,000	 	 	 	3,268	 
	68 CBI Eastern Anstalt
	 	G056290	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Abu Dhabi	 	Labor	 	 	11/26/2006	 	 	 	11/25/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G059685	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Ajman	 	Labor	 	 	7/15/2007	 	 	 	7/14/2008	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G059735	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	7/17/2007	 	 	 	7/16/2008	 	 	AED	 	 	6,000	 	 	 	1,634	 






 


 









 





CHICAGO BRIDGE & IRON COMPANY N.V.

Consolidated LC’s & Bank Guarantee’s as of September 30, 2007




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	currency	 	 	 	 
	Entity	 	LC Number	 	Issued by	 	Beneficiary	 	Purpose	 	Issued	 	Expiry Date	 	Currency	 	of issue	 	 	Value in USD	 
	68 CBI Eastern Anstalt
	 	G059745	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Ajman	 	Labor	 	 	7/18/2007	 	 	 	7/17/2008	 	 	AED	 	 	24,000	 	 	 	6,535	 
	68 CBI Eastern Anstalt
	 	G059746	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	7/18/2007	 	 	 	7/17/2008	 	 	AED	 	 	18,000	 	 	 	4,902	 
	68 CBI Eastern Anstalt
	 	G059770	 	Mashreq Bank	 	Jebel Ali FreeZone Authority	 	Labor	 	 	7/19/2007	 	 	 	7/18/2008	 	 	AED	 	 	50,000	 	 	 	13,616	 
	68 CBI Eastern Anstalt
	 	G059922	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	7/29/2007	 	 	 	7/28/2008	 	 	AED	 	 	18,000	 	 	 	4,902	 
	68 CBI Eastern Anstalt
	 	G059959	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	8/1/2007	 	 	 	7/31/2008	 	 	AED	 	 	21,000	 	 	 	5,719	 
	68 CBI Eastern Anstalt
	 	G060582	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	9/20/2007	 	 	 	9/19/2008	 	 	AED	 	 	15,000	 	 	 	4,085	 
	68 CBI Eastern Anstalt
	 	G060655	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	9/26/2007	 	 	 	9/25/2008	 	 	AED	 	 	30,000	 	 	 	8,169	 
	68 CBI Eastern Anstalt
	 	G059084	 	Mashreq Bank	 	Ministry of Labor & social Affairs - Dubai	 	Labor	 	 	6/6/2007	 	 	 	6/5/2008	 	 	AED	 	 	18,000	 	 	 	4,902	 
	68 CBI Eastern Anstalt
	 	G059345	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Dubai	 	Labor	 	 	6/24/2007	 	 	 	6/23/2008	 	 	AED	 	 	21,000	 	 	 	5,719	 
	68 CBI Eastern Anstalt
	 	G059346	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Ajman	 	Labor	 	 	6/24/2007	 	 	 	6/23/2008	 	 	AED	 	 	30,000	 	 	 	8,169	 
	68 CBI Eastern Anstalt
	 	G059409	 	Mashreq Bank	 	Ministry of Labor and Social Affairs - Ajman	 	Labor	 	 	6/27/2007	 	 	 	6/26/2008	 	 	AED	 	 	18,000	 	 	 	4,902	 
	684 Global Engineering Services
	 	G057128	 	Mashreq Bank	 	Ministry of Economy and Planning	 	Financial	 	 	1/28/2007	 	 	 	1/24/2008	 	 	AED	 	 	50,000	 	 	 	13,616	 
	12 Arabian Gulf Material Supply Company
	 	G050954	 	Mashreq Bank	 	Mitsubishi Heavy Industries, Ltd.	 	Performance	 	 	2/6/2006	 	 	 	5/31/2009	 	 	0	 	 	0	 	 	 	372,000	 
	101 CBI Company & Co. LLC
	 	G050942	 	Mashreq Bank	 	Mitsubishi Heavy Industries Fertiliser Project	 	Performance	 	 	2/6/2006	 	 	 	5/31/2009	 	 	0	 	 	0	 	 	 	53,000	 
	28 Howe Baker Eastern Ltd.
	 	G047113	 	Mashreq Bank	 	Ministry of Economy and Planning	 	Financial	 	 	6/23/2005	 	 	 	6/22/2008	 	 	AED	 	 	50,000	 	 	 	13,616	 
	68 CBI Eastern Anstalt
	 	DB/LG(F)06-00187	 	National Bank of Abu Dhabi	 	Eastern Bechtel Co., Ltd	 	Performance	 	 	3/6/2006	 	 	 	12/31/2008	 	 	0	 	 	0	 	 	 	1,022,200	 
	68 CBI Eastern Anstalt
	 	DB/LG(F)06-00188	 	National Bank of Abu Dhabi	 	Eastern Bechtel Co., Ltd	 	Advance	 	 	3/6/2006	 	 	 	10/6/2009	 	 	0	 	 	0	 	 	 	2,044,400	 
	37Ind Constructors (Industrial Division)
	 	TFO/PB/025097/F	 	National Bank of Abu Dhabi	 	Yemen LNG Company Ltd	 	Performance	 	 	8/12/2007	 	 	 	9/26/2011	 	 	0	 	 	0	 	 	 	7,295,175	 
	68 CBI Eastern Anstalt
	 	S730450 / 20070877846	 	National Bank of Kuwait	 	Ministry of Social Affairs & Labor	 	Labor	 	 	1/31/2007	 	 	 	6/30/2009	 	 	KWD	 	 	42,750	 	 	 	151,957	 
	68 CBI Eastern Anstalt
	 	S730443 / 20060843590	 	National Bank of Kuwait	 	Kuwait Paraxylene Production Company, Kuwait	 	Advance	 	 	10/3/2006	 	 	 	7/19/2008	 	 	0	 	 	0	 	 	 	1,750,000	 
	68 CBI Eastern Anstalt
	 	S730444 / 20060843608	 	National Bank of Kuwait	 	Kuwait Paraxylene Production Company, Kuwait	 	Performance	 	 	10/3/2006	 	 	 	7/19/2008	 	 	0	 	 	0	 	 	 	1,750,000	 
	37Ind Constructors (Industrial Division)
	 	S730464	 	National Bank of Kuwait	 	Qatar Fertiliser Company S.A.Q.	 	Advance	 	 	6/22/2007	 	 	 	3/15/2009	 	 	0	 	 	0	 	 	 	2,367,959	 
	37Ind Constructors (Industrial Division)
	 	S730463	 	National Bank of Kuwait	 	Qatar Fertiliser Company S.A.Q.	 	Performance	 	 	6/22/2007	 	 	 	3/15/2009	 	 	0	 	 	0	 	 	 	1,578,640	 
	583 CB & I John Brown Limited
	 	G838	 	Qatar National Bank	 	South Hook LNG Terminal Company Limited	 	Performance	 	 	1/14/2005	 	 	 	4/30/2010	 	 	GBP	 	 	16,795,950	 	 	 	34,375,935	 
	583 CB & I John Brown Limited
	 	G832	 	Qatar National Bank	 	South Hook LNG Terminal Company Limited	 	Performance	 	 	11/1/2004	 	 	 	7/31/2009	 	 	GBP	 	 	40,936,750	 	 	 	83,784,427	 
	69 Arabian CBI Ltd
	 	3000367598	 	Saudi American Bank	 	Jubail Chevron Phillips Co.	 	Performance	 	 	4/12/2005	 	 	 	2/5/2008	 	 	0	 	 	0	 	 	 	1,181,200	 
	69 Arabian CBI Ltd
	 	3000367604	 	Saudi American Bank	 	Saudi Chevron Petrochemical Co.	 	Performance	 	 	4/12/2005	 	 	 	1/21/2009	 	 	0	 	 	0	 	 	 	146,960	 
	69 Arabian CBI Ltd
	 	3000367902	 	Saudi American Bank	 	Sharq	 	Performance	 	 	8/10/2005	 	 	 	1/1/2009	 	 	0	 	 	0	 	 	 	5,975,726	 
	69 Arabian CBI Ltd
	 	3000367976	 	Saudi American Bank	 	Sharq	 	Retention	 	 	9/12/2005	 	 	 	2/29/2008	 	 	0	 	 	0	 	 	 	5,630,603	 
	69 Arabian CBI Ltd
	 	3000368053	 	Saudi American Bank	 	Saudi Archirodon	 	Performance	 	 	10/23/2005	 	 	 	10/30/2007	 	 	SAR	 	 	2,019,915	 	 	 	538,913	 
	69 Arabian CBI Ltd
	 	3000368170	 	Saudi American Bank	 	JUPC	 	Performance	 	 	1/18/2006	 	 	 	1/28/2009	 	 	SAR	 	 	1,731,021	 	 	 	461,836	 
	69 Arabian CBI Ltd
	 	3000368590	 	Saudi American Bank	 	Saudi International Petrochemical (Sipchem)	 	Retention	 	 	7/3/2006	 	 	 	10/9/2007	 	 	SAR	 	 	2,273,020	 	 	 	606,442	 
	69 Arabian CBI Ltd
	 	3000368591	 	Saudi American Bank	 	Saudi International Petrochemical (Sipchem)	 	Retention	 	 	7/3/2006	 	 	 	10/9/2007	 	 	SAR	 	 	2,866,980	 	 	 	764,910	 
	69 Arabian CBI Ltd
	 	3000368650	 	Saudi American Bank	 	Linarco Ltd.	 	Performance	 	 	7/18/2006	 	 	 	3/1/2009	 	 	SAR	 	 	1,862,621	 	 	 	496,947	 
	69 Arabian CBI Ltd
	 	3000369028	 	Saudi American Bank	 	Saudi International Petrochem	 	Retention	 	 	2/20/2007	 	 	 	11/13/2008	 	 	SAR	 	 	2,412,550	 	 	 	643,668	 
	69 Arabian CBI Ltd
	 	3000369029	 	Saudi American Bank	 	Saudi International Petrochem	 	Retention	 	 	2/21/2007	 	 	 	11/13/2008	 	 	SAR	 	 	9,995,177	 	 	 	2,666,713	 
	69 Arabian CBI Ltd
	 	3000369030	 	Saudi American Bank	 	Saudi International Petrochem	 	Retention	 	 	2/21/2007	 	 	 	11/13/2008	 	 	SAR	 	 	723,668	 	 	 	193,075	 
	69 Arabian CBI Ltd
	 	3000368993	 	Saudi American Bank	 	Linarco	 	Warranty	 	 	2/6/2007	 	 	 	12/2/2007	 	 	0	 	 	0	 	 	 	275,904	 
	69 Arabian CBI Ltd
	 	3000368994	 	Saudi American Bank	 	Saad Hospital	 	Financial	 	 	2/6/2007	 	 	 	2/4/2008	 	 	SAR	 	 	50,000	 	 	 	13,340	 
	69 Arabian CBI Ltd
	 	3000369106	 	Saudi American Bank	 	Samsung Engineering	 	Warranty	 	 	3/27/2007	 	 	 	9/5/2008	 	 	0	 	 	0	 	 	 	215,000	 
	69 Arabian CBI Ltd
	 	3000368871	 	Saudi American Bank	 	Customs Department	 	Financial	 	 	11/15/2006	 	 	 	11/3/2007	 	 	SAR	 	 	126,838	 	 	 	33,840	 
	69 Arabian CBI Ltd
	 	3000368880	 	Saudi American Bank	 	Finance Ministry	 	Financial	 	 	11/22/2006	 	 	 	11/21/2007	 	 	SAR	 	 	291,698	 	 	 	77,825	 
	69 Arabian CBI Ltd
	 	3000369392	 	Saudi American Bank	 	Sabic / Petrokemya	 	Performance	 	 	7/22/2007	 	 	 	12/6/2008	 	 	0	 	 	0	 	 	 	370,330	 
	69 Arabian CBI Ltd
	 	3000369402	 	Saudi American Bank	 	Jeddah Islamic Port	 	Financial	 	 	7/31/2007	 	 	 	7/18/2008	 	 	SAR	 	 	56,753	 	 	 	15,142	 
	69 Arabian CBI Ltd
	 	3000369314	 	Saudi American Bank	 	Saudi Kayan Petrochemical Co.	 	Retention	 	 	6/18/2007	 	 	 	8/31/2009	 	 	0	 	 	0	 	 	 	826,645	 
	11 Pacific Rim Material Supply Company
	 	DU1/CGY50000213	 	SCB - Dubai	 	Shanghai Secco Petrochemical Company Ltd.	 	Warranty	 	 	1/18/2005	 	 	 	10/18/2007	 	 	0	 	 	0	 	 	 	2,201,892	 
	117 Pacific Rim-Fujian Br.
	 	DU1/CG0505797	 	SCB - Dubai	 	CNOOC Fujian LNG Co. Ltd.	 	Performance	 	 	12/19/2005	 	 	 	12/19/2007	 	 	0	 	 	0	 	 	 	13,700,000	 
	58 CBI UK
	 	CGU/CG0700040	 	SCB - Dubai	 	Abu Dhabi Company for Onshore Oil Operations	 	Bid	 	 	1/6/2007	 	 	 	10/26/2007	 	 	0	 	 	0	 	 	 	70,000	 
	50 CBI Europe BV
	 	GCU/LC0700579	 	SCB - Dubai	 	Tengizchevroil	 	Performance	 	 	2/14/2007	 	 	 	12/22/2007	 	 	0	 	 	0	 	 	 	947,232	 
	506 CBI Europe BV (Sakhalin)
	 	DU1/CGY303409	 	SCB - Dubai	 	CTSD Limited	 	Performance	 	 	7/28/2003	 	 	 	11/30/2008	 	 	0	 	 	0	 	 	 	1,858,631	 
	506 CBI Europe BV (Sakhalin)
	 	DU1/CGY303410	 	SCB - Dubai	 	CTSD Limited	 	Advance	 	 	7/28/2003	 	 	 	12/1/2007	 	 	0	 	 	0	 	 	 	1,938,494	 
	98 CMP BV
	 	DU/CGY303412	 	SCB - Dubai	 	Chiyotec Limited	 	Performance	 	 	7/28/2003	 	 	 	11/30/2008	 	 	0	 	 	0	 	 	 	2,941,370	 
	98 CMP BV
	 	DU1/CGY303411	 	SCB - Dubai	 	Chiyotec Limited	 	Advance	 	 	7/28/2003	 	 	 	12/1/2007	 	 	0	 	 	0	 	 	 	3,898,300	 
	98 CMP BV
	 	GCU/LC0700580	 	SCB - Dubai	 	Tengizchevroil	 	Performance	 	 	2/14/2007	 	 	 	12/22/2007	 	 	0	 	 	0	 	 	 	871,368	 
	68 CBI Eastern Anstalt
	 	DU1/CGY502015	 	SCB - Dubai	 	Taisei Corporation	 	Retention	 	 	5/5/2005	 	 	 	10/8/2007	 	 	0	 	 	0	 	 	 	838,308	 
	68 CBI Eastern Anstalt
	 	GCU/CG0700894	 	SCB - Dubai	 	Enelpower S.p.A.	 	Advance	 	 	2/22/2007	 	 	 	12/31/2007	 	 	EUR	 	 	86,359	 	 	 	123,163	 
	68 CBI Eastern Anstalt
	 	GCU/CG0703608	 	SCB - Dubai	 	Enelpower S.P.A.	 	Advance	 	 	7/9/2007	 	 	 	12/31/2007	 	 	EUR	 	 	65,231	 	 	 	93,031	 
	68 CBI Eastern Anstalt
	 	GCU/CG0703649	 	SCB - Dubai	 	Dolphin Energy Limited	 	Bid	 	 	7/11/2007	 	 	 	7/10/2008	 	 	0	 	 	0	 	 	 	500,000	 
	68 CBI Eastern Anstalt
	 	GCU/CG0704691	 	SCB - Dubai	 	Tecnicas Reunidas Offsites	 	Advance	 	 	9/9/2007	 	 	 	2/28/2008	 	 	0	 	 	0	 	 	 	6,495,000	 
	68 CBI Eastern Anstalt
	 	GCU/CG0704692	 	SCB - Dubai	 	Tecnicas Reunidas Offsites	 	Performance	 	 	9/9/2007	 	 	 	11/20/2009	 	 	0	 	 	0	 	 	 	4,330,000	 
	70 CBI Constructors S.A. (South Africa)
	 	CG0700152 / ZABOG60091	 	SCB - Dubai	 	Linde AG	 	Warranty	 	 	2/7/2007	 	 	 	11/30/2008	 	 	ZAR	 	 	2,495,000	 	 	 	360,453	 
	69 Arabian CBI Ltd
	 	DU1/CGY500815	 	SCB - Dubai	 	JGC Arabia Limited	 	Performance	 	 	3/1/2005	 	 	 	3/31/2009	 	 	0	 	 	0	 	 	 	798,823	 
	69 Arabian CBI Ltd
	 	GCU/CG0703904	 	SCB - Dubai	 	Mitsubishi Heavy Industries, Ltd.	 	Advance	 	 	7/22/2007	 	 	 	2/3/2009	 	 	0	 	 	0	 	 	 	9,000,000	 
	69 Arabian CBI Ltd
	 	GCU/CG0704182	 	SCB - Dubai	 	Mitsubishi Heavy Industries Ltd.	 	Performance	 	 	8/2/2007	 	 	 	12/31/2010	 	 	0	 	 	0	 	 	 	6,000,000	 
	69 Arabian CBI Ltd
	 	GCU/CG0704250	 	SCB - Dubai	 	Mitsubishi Heavy Industries Ltd.	 	Warranty	 	 	8/9/2007	 	 	 	2/28/2009	 	 	0	 	 	0	 	 	 	6,000,000	 
	69 Arabian CBI Ltd
	 	GCU/CG0704249	 	SCB - Dubai	 	Mitsubishi Heavy Industries Ltd.	 	Warranty	 	 	8/9/2007	 	 	 	2/28/2009	 	 	0	 	 	0	 	 	 	3,000,000	 
	70 CBI Constructors S.A. (South Africa)
	 	M302406	 	Standard Bank	 	Dept. Customs & Excise	 	Financial	 	 	11/7/1995	 	 	 	12/31/2010	 	 	ZAR	 	 	2,500	 	 	 	361	 
	70 CBI Constructors S.A. (South Africa)
	 	M420120	 	Standard Bank	 	Sasol Petroleum Tamane	 	Retention	 	 	3/17/2003	 	 	 	10/17/2007	 	 	ZAR	 	 	226,211	 	 	 	32,681	 
	70 CBI Constructors S.A. (South Africa)
	 	ZABOG40043	 	Standard Chartered Bank	 	Linde AG	 	Warranty	 	 	8/11/2004	 	 	 	12/12/2007	 	 	ZAR	 	 	2,009,673	 	 	 	290,337	 
	70 CBI Constructors S.A. (South Africa)
	 	ZABOG60089	 	Standard Chartered Bank	 	Sasol Polymers (Pty) ltd.	 	Warranty	 	 	12/12/2006	 	 	 	12/31/2008	 	 	ZAR	 	 	720,296	 	 	 	104,061	 
	702 CBI Constructors S.A. (Angola)
	 	ZABOG40053	 	Standard Chartered Bank	 	Group Five	 	Retention	 	 	8/27/2004	 	 	 	12/12/2007	 	 	0	 	 	0	 	 	 	582,000	 






 


 









 





CHICAGO BRIDGE & IRON COMPANY N.V.

Consolidated LC’s & Bank Guarantee’s as of September 30, 2007




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	currency	 	 	 	 
	Entity	 	LC Number	 	Issued by	 	Beneficiary	 	Purpose	 	Issued	 	Expiry Date	 	Currency	 	of issue	 	 	Value in USD	 
	58 CBI UK
	 	10003 / 779-02-00539681	 	Standard Chartered Bank — London	 	HM Customs and Excise	 	Financial	 	 	4/20/2005	 	 	 	12/31/2007	 	 	GBP	 	 	3,000,000	 	 	 	6,140,040	 
	58 CBI UK
	 	779-02-0082311-1	 	Standard Chartered Bank — London	 	Deloitte Prosjekt AS	 	Performance	 	 	1/4/2007	 	 	 	12/30/2007	 	 	NOK	 	 	2,500,000	 	 	 	463,450	 
	68 CBI Eastern Anstalt
	 	GT02/1999/0443  /  DU1/CG9920443	 	Standard Chartered Bank — London	 	Jebel Ali Free Zone Authority	 	Labor	 	 	9/1/1999	 	 	 	4/1/2008	 	 	AED	 	 	100,000	 	 	 	27,231	 
	584 CB & I John Brown Limited
	 	T401109	 	The Royal Bank of Scotland	 	National Grid Grain LNG Limited	 	Performance	 	 	8/3/2006	 	 	 	11/27/2010	 	 	GBP	 	 	12,383,106	 	 	 	25,344,256	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Bi-lateral Utilization
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	523,659,576	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	421 CBI Peruana S.A.C.
	 	302638-2	 	Credit linked Tranche A	 	Peru LNG S.R.L.	 	Performance	 	 	1/2/2007	 	 	 	10/14/2011	 	 	0	 	 	0	 	 	 	50,000,000	 
	37Ind Constructors (Industrial Division)
	 	3083786	 	Credit linked Tranche B	 	Golden Pass	 	Performance	 	 	8/18/2006	 	 	 	7/7/2009	 	 	0	 	 	0	 	 	 	73,899,043	 
	37Ind Constructors (Industrial Division)
	 	3083788	 	Credit linked Tranche B	 	Golden Pass	 	Performance	 	 	8/18/2006	 	 	 	12/10/2009	 	 	0	 	 	0	 	 	 	26,100,957	 
	08 CBI NV
	 	750105	 	Credit linked Tranche C	 	AIG	 	Financial	 	 	10/22/2001	 	 	 	2/7/2008	 	 	0	 	 	0	 	 	 	4,436,842	 
	08 CBI NV
	 	751694	 	Credit linked Tranche C	 	St Paul Fire and Marine Insurance	 	Financial	 	 	11/21/2003	 	 	 	8/22/2008	 	 	0	 	 	0	 	 	 	5,357,546	 
	08 CBI NV
	 	286175	 	Credit linked Tranche C	 	Zurich American Insurance Company	 	Financial	 	 	10/4/2006	 	 	 	10/3/2008	 	 	0	 	 	0	 	 	 	915,000	 
	421 CBI Peruana S.A.C.
	 	3086074	 	Credit linked Tranche C	 	Peru LNG S.R.L.	 	Performance	 	 	12/29/2006	 	 	 	10/14/2011	 	 	0	 	 	0	 	 	 	81,250,000	 
	421 CBI Peruana S.A.C.
	 	302638-1	 	Credit linked Tranche C	 	Peru LNG S.R.L.	 	Performance	 	 	1/2/2007	 	 	 	10/14/2011	 	 	0	 	 	0	 	 	 	18,750,000	 
	71 CSA Trading Company Ltd
	 	334259	 	Credit linked Tranche C	 	Enaex S.A.	 	Performance	 	 	6/6/2007	 	 	 	10/30/2008	 	 	0	 	 	0	 	 	 	456,928	 
	71 CSA Trading Company Ltd
	 	334420	 	Credit linked Tranche C	 	Compania de Petroleos de Chile COPEC	 	Performance	 	 	6/6/2007	 	 	 	12/15/2008	 	 	0	 	 	0	 	 	 	273,200	 
	71 CSA Trading Company Ltd
	 	323998	 	Credit linked Tranche C	 	Inelectra Services Ltd	 	Performance	 	 	4/18/2007	 	 	 	7/24/2008	 	 	0	 	 	0	 	 	 	43,843	 
	92 Howe Baker Engineers
	 	289749	 	Credit linked Tranche C	 	Foster Wheeler Italiana SPA	 	Performance	 	 	10/25/2006	 	 	 	3/31/2009	 	 	0	 	 	0	 	 	 	32,549	 
	37Ind Constructors (Industrial Division)
	 	256940	 	Credit linked Tranche C	 	Golden Pass	 	Performance	 	 	4/27/2006	 	 	 	12/31/2009	 	 	0	 	 	0	 	 	 	9,322,829	 
	40 CBI Services
	 	410972	 	Credit linked Tranche C	 	Western Surety Company	 	Financial	 	 	2/7/2005	 	 	 	2/7/2008	 	 	0	 	 	0	 	 	 	4,039,750	 
	40 CBI Services
	 	204167	 	Credit linked Tranche C	 	Hitachi America Ltd	 	Performance	 	 	9/27/2005	 	 	 	6/30/2009	 	 	0	 	 	0	 	 	 	121,310	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Credit linked Utilization
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	274,999,796	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	117 Pacific Rim-Fujian Br.
	 	223002	 	REV Credit Facility	 	CNOOC-Fujian LNG, ltd	 	Advance	 	 	1/6/2006	 	 	 	4/21/2008	 	 	0	 	 	0	 	 	 	5,114,655	 
	39 CBI (Delaware)
	 	SLT321426	 	REV Credit Facility	 	Bank One NA	 	Financial	 	 	5/29/2001	 	 	 	8/31/2008	 	 	0	 	 	0	 	 	 	2,000,000	 
	Woodlands International Insurance Comp.
	 	246955	 	REV Credit Facility	 	Zurich American Insurance Company	 	Financial	 	 	3/22/2006	 	 	 	3/31/2008	 	 	0	 	 	0	 	 	 	23,100,000	 
	13 Southern Tropic Material Supply Company
	 	323901	 	REV Credit Facility	 	GNL Quintero S.A.	 	Performance	 	 	4/17/2007	 	 	 	6/7/2010	 	 	0	 	 	0	 	 	 	31,526,674	 
	135 CBI Montajes de Chile
	 	323907	 	REV Credit Facility	 	GNL Quintero S.A.	 	Performance	 	 	4/17/2007	 	 	 	6/7/2010	 	 	0	 	 	0	 	 	 	37,948,914	 
	135 CBI Montajes de Chile
	 	348003	 	REV Credit Facility	 	Enaex S.A.	 	Advance	 	 	7/25/2007	 	 	 	10/30/2008	 	 	0	 	 	0	 	 	 	202,591	 
	135 CBI Montajes de Chile
	 	348004	 	REV Credit Facility	 	ENAP Refinerias S.A.	 	Advance	 	 	7/25/2007	 	 	 	10/7/2008	 	 	0	 	 	0	 	 	 	563,973	 
	135 CBI Montajes de Chile
	 	346974	 	REV Credit Facility	 	ENAP Refinerias S.A.	 	Performance	 	 	7/20/2007	 	 	 	10/7/2008	 	 	0	 	 	0	 	 	 	357,500	 
	45 Central Trading Company Ltd
	 	207192	 	REV Credit Facility	 	Ingeneria y Construccion Sigdo Koppers S.A.	 	Performance	 	 	10/12/2005	 	 	 	1/28/2008	 	 	0	 	 	0	 	 	 	84,300	 
	45 Central Trading Company Ltd
	 	207123	 	REV Credit Facility	 	Ingeneria y Construccion Sigdo Koppers S.A.	 	Performance	 	 	10/12/2005	 	 	 	1/28/2008	 	 	0	 	 	0	 	 	 	348,700	 
	71 CSA Trading Company Ltd
	 	273585	 	REV Credit Facility	 	Refineria la Pompilla	 	Performance	 	 	8/4/2006	 	 	 	8/5/2008	 	 	0	 	 	0	 	 	 	196,863	 
	71 CSA Trading Company Ltd
	 	273586	 	REV Credit Facility	 	Refineria la Pompilla	 	Performance	 	 	8/4/2006	 	 	 	8/5/2008	 	 	0	 	 	0	 	 	 	131,278	 
	71 CSA Trading Company Ltd
	 	3086808	 	REV Credit Facility	 	Petrotrin	 	Performance	 	 	2/16/2007	 	 	 	7/15/2010	 	 	0	 	 	0	 	 	 	4,900,000	 
	71 CSA Trading Company Ltd
	 	293951	 	REV Credit Facility	 	Compania de Petroleos de Chile COPEC	 	Performance	 	 	11/15/2006	 	 	 	5/4/2008	 	 	0	 	 	0	 	 	 	213,400	 
	71 CSA Trading Company Ltd
	 	293953	 	REV Credit Facility	 	Compania de Petroleos de Chile COPEC	 	Performance	 	 	11/15/2006	 	 	 	2/2/2008	 	 	0	 	 	0	 	 	 	98,256	 
	71 CSA Trading Company Ltd
	 	344410	 	REV Credit Facility	 	ENAP Refinerias	 	Performance	 	 	7/17/2007	 	 	 	10/7/2008	 	 	0	 	 	0	 	 	 	425,100	 
	71 CSA Trading Company Ltd
	 	329337	 	REV Credit Facility	 	Toyo Engineering Corporation	 	Performance	 	 	5/15/2007	 	 	 	11/30/2008	 	 	0	 	 	0	 	 	 	876,037	 
	71 CSA Trading Company Ltd
	 	329333	 	REV Credit Facility	 	Toyo Engineering Corporation	 	Performance	 	 	5/15/2007	 	 	 	11/30/2007	 	 	0	 	 	0	 	 	 	1,752,073	 
	71 CSA Trading Company Ltd
	 	334266	 	REV Credit Facility	 	Enaex S.A.	 	Advance	 	 	6/6/2007	 	 	 	4/30/2008	 	 	0	 	 	0	 	 	 	913,856	 
	71 CSA Trading Company Ltd
	 	334423	 	REV Credit Facility	 	Enaex S.A.	 	Performance	 	 	6/6/2007	 	 	 	10/30/2008	 	 	0	 	 	0	 	 	 	93,655	 
	71 CSA Trading Company Ltd
	 	346975	 	REV Credit Facility	 	ENAP Refinerias S.A.	 	Advance	 	 	7/20/2007	 	 	 	10/7/2008	 	 	0	 	 	0	 	 	 	637,650	 
	71 CSA Trading Company Ltd
	 	3085999	 	REV Credit Facility	 	Petrotrin	 	Advance	 	 	12/26/2006	 	 	 	12/16/2008	 	 	0	 	 	0	 	 	 	7,500,000	 
	CBI Americas Ltd
	 	324482	 	REV Credit Facility	 	Bariven S.A.	 	Advance	 	 	4/18/2007	 	 	 	10/24/2007	 	 	0	 	 	0	 	 	 	106,080	 
	CBI Americas Ltd
	 	3086000	 	REV Credit Facility	 	Petrotrin	 	Advance	 	 	12/26/2006	 	 	 	12/16/2008	 	 	0	 	 	0	 	 	 	2,500,000	 
	CBI Americas Ltd
	 	3086807	 	REV Credit Facility	 	Petrotrin	 	Performance	 	 	2/16/2007	 	 	 	7/1/2010	 	 	0	 	 	0	 	 	 	1,600,000	 
	CBI Americas Ltd
	 	346695	 	REV Credit Facility	 	Bariven S.A.	 	Advance	 	 	7/20/2007	 	 	 	11/15/2007	 	 	0	 	 	0	 	 	 	520,700	 
	CBI Americas Ltd
	 	379626	 	REV Credit Facility	 	PDV	 	Bid	 	 	8/8/2007	 	 	 	1/22/2008	 	 	0	 	 	0	 	 	 	500,000	 
	CBI Americas Ltd
	 	212424	 	REV Credit Facility	 	Hovensa L.L.C.	 	Performance	 	 	11/8/2005	 	 	 	11/29/2007	 	 	0	 	 	0	 	 	 	1,753,387	 
	20 CBI Company Ltd
	 	315659	 	REV Credit Facility	 	Bariven S.A.	 	Advance	 	 	3/12/2007	 	 	 	10/24/2007	 	 	0	 	 	0	 	 	 	778,239	 
	21 Oceanic Contractors
	 	264150	 	REV Credit Facility	 	Pluspetrol Peru Corporation	 	Performance	 	 	6/6/2006	 	 	 	10/17/2007	 	 	0	 	 	0	 	 	 	1,163,115	 
	21 Oceanic Contractors
	 	334422	 	REV Credit Facility	 	Refineria La Pampilla	 	Performance	 	 	6/6/2007	 	 	 	11/13/2008	 	 	0	 	 	0	 	 	 	168,760	 
	58 CBI UK
	 	ST4003/04	 	REV Credit Facility	 	EnCana (UK) Limited	 	Performance	 	 	1/22/2004	 	 	 	12/31/2008	 	 	GBP	 	 	3,700,000	 	 	 	7,437,925	 
	508 CBI Europe/Chengda Cons
	 	301715	 	REV Credit Facility	 	CNOOC Fujian LNG	 	Advance	 	 	12/26/2006	 	 	 	12/31/2007	 	 	0	 	 	0	 	 	 	1,742,938	 
	508 CBI Europe/Chengda Cons
	 	301714	 	REV Credit Facility	 	CNOOC Fujian LNG	 	Advance	 	 	12/26/2006	 	 	 	12/31/2007	 	 	0	 	 	0	 	 	 	657,123	 
	508 CBI Europe/Chengda Cons
	 	301713	 	REV Credit Facility	 	CNOOC Fujian LNG	 	Advance	 	 	12/26/2006	 	 	 	12/31/2007	 	 	0	 	 	0	 	 	 	2,009,807	 
	58 CBI UK
	 	323904	 	REV Credit Facility	 	GNL Quintero S.A.	 	Performance	 	 	4/17/2007	 	 	 	6/7/2010	 	 	0	 	 	0	 	 	 	7,964,267	 
	69 Arabian CBI Ltd
	 	533636030	 	REV Credit Facility	 	Samsung Saudi Arabia Ltd	 	Performance	 	 	12/2/2005	 	 	 	3/19/2010	 	 	SAR	 	 	5,268,570	 	 	 	1,404,965	 
	69 Arabian CBI Ltd
	 	533636027	 	REV Credit Facility	 	Samsung Saudi Arabia Ltd	 	Performance	 	 	12/2/2005	 	 	 	3/19/2008	 	 	SAR	 	 	3,161,250	 	 	 	842,979	 
	69 Arabian CBI Ltd
	 	SB07/4030  /  W000233	 	REV Credit Facility	 	Middle East Engineering & Development Co. Ltd.	 	Advance	 	 	5/15/2007	 	 	 	1/12/2009	 	 	0	 	 	0	 	 	 	2,601,000	 
	69 Arabian CBI Ltd
	 	SB07/4029  /  W000234	 	REV Credit Facility	 	Middle East Engineering & Development Co.Ltd	 	Performance	 	 	5/15/2007	 	 	 	1/12/2009	 	 	0	 	 	0	 	 	 	1,734,000	 
	69 Arabian CBI Ltd
	 	SB07/4028  /  W000232	 	REV Credit Facility	 	Saudi Kayan Petrochemical Co.	 	Advance	 	 	5/15/2007	 	 	 	1/30/2008	 	 	0	 	 	0	 	 	 	8,266,444	 
	69 Arabian CBI Ltd
	 	SB07/4031  /  W000231	 	REV Credit Facility	 	Saudi Kayan Petrochemical  Co.	 	Performance	 	 	7/7/2007	 	 	 	6/30/2011	 	 	0	 	 	0	 	 	 	4,133,222	 
	72 Oasis Supply Company Anstalt
	 	533636029	 	REV Credit Facility	 	Samsung Saudi Arabia Ltd	 	Performance	 	 	12/2/2005	 	 	 	3/19/2008	 	 	0	 	 	0	 	 	 	562,000	 
	72 Oasis Supply Company Anstalt
	 	533636028	 	REV Credit Facility	 	Samsung Saudi Arabia Ltd	 	Performance	 	 	12/2/2005	 	 	 	3/19/2008	 	 	0	 	 	0	 	 	 	2,810,000	 






 


 









 





CHICAGO BRIDGE & IRON COMPANY N.V.

Consolidated LC’s & Bank Guarantee’s as of September 30, 2007




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	currency	 	 	 	 
	Entity	 	LC Number	 	Issued by	 	Beneficiary	 	Purpose	 	Issued	 	Expiry Date	 	Currency	 	of issue	 	 	Value in USD	 
	94 Callidus Technologies LLC
	 	G5097/03	 	REV Credit Facility	 	BP Exploration (Shah Deniz) Limited	 	Performance	 	 	10/29/2003	 	 	 	9/30/2007	 	 	0	 	 	0	 	 	 	135,271	 
	92 Howe Baker Engineers
	 	751680	 	REV Credit Facility	 	Marathon Ashland Petroleum LLC	 	Retention	 	 	11/19/2003	 	 	 	11/7/2007	 	 	0	 	 	0	 	 	 	1,654,791	 
	92 Howe Baker Engineers
	 	410634	 	REV Credit Facility	 	Marathon Ashland Petroleum LLC	 	Performance	 	 	9/28/2004	 	 	 	11/7/2007	 	 	0	 	 	0	 	 	 	521,810	 
	94 Callidus Technologies LLC
	 	G5002/04	 	REV Credit Facility	 	MW Kellogg	 	Performance	 	 	1/8/2004	 	 	 	12/31/2007	 	 	0	 	 	0	 	 	 	34,425	 
	92 Howe Baker Engineers
	 	218562	 	REV Credit Facility	 	Pluspetrol Peru	 	Performance	 	 	12/5/2005	 	 	 	1/1/2008	 	 	0	 	 	0	 	 	 	7,223,160	 
	92 Howe Baker Engineers
	 	252574	 	REV Credit Facility	 	Toyo Engineering India Ltd	 	Performance	 	 	4/5/2006	 	 	 	2/14/2008	 	 	0	 	 	0	 	 	 	59,539	 
	92 Howe Baker Engineers
	 	253550	 	REV Credit Facility	 	Cabinda Gulf Oil Company Ltd	 	Performance	 	 	4/10/2006	 	 	 	12/1/2009	 	 	0	 	 	0	 	 	 	26,464,911	 
	92 Howe Baker Engineers
	 	253547	 	REV Credit Facility	 	Cabinda Gulf Oil Company Ltd	 	Advance	 	 	4/10/2006	 	 	 	5/1/2008	 	 	0	 	 	0	 	 	 	26,464,911	 
	92 Howe Baker Engineers
	 	297020	 	REV Credit Facility	 	SNC-Lavalin UK Limited	 	Performance	 	 	11/30/2006	 	 	 	2/28/2008	 	 	0	 	 	0	 	 	 	145,605	 
	37Ind Constructors (Industrial Division)
	 	332163	 	REV Credit Facility	 	Southern LNG Inc.	 	Performance	 	 	6/2/2003	 	 	 	6/2/2008	 	 	0	 	 	0	 	 	 	5,000,000	 
	37Ind Constructors (Industrial Division)
	 	SLT751624	 	REV Credit Facility	 	Trunkline LNG Company, LLC	 	Performance	 	 	9/26/2003	 	 	 	5/30/2008	 	 	0	 	 	0	 	 	 	4,595,448	 
	37Ind Constructors (Industrial Division)
	 	410872	 	REV Credit Facility	 	Dominion Cove Point LNG Lmt	 	Performance	 	 	1/5/2005	 	 	 	6/30/2009	 	 	0	 	 	0	 	 	 	28,000,000	 
	37Ind Constructors (Industrial Division)
	 	410679	 	REV Credit Facility	 	Trunkline LNG	 	Performance	 	 	10/19/2004	 	 	 	5/16/2008	 	 	0	 	 	0	 	 	 	3,207,014	 
	37Ind Constructors (Industrial Division)
	 	286747	 	REV Credit Facility	 	Kinder Morgan Liquids Terminals, LP	 	Retention	 	 	10/6/2006	 	 	 	11/7/2007	 	 	0	 	 	0	 	 	 	320,887	 
	37Ind Constructors (Industrial Division)
	 	299681	 	REV Credit Facility	 	Bayer Material Sciences LLC	 	Retention	 	 	12/14/2006	 	 	 	1/22/2008	 	 	0	 	 	0	 	 	 	166,684	 
	37Ind Constructors (Industrial Division)
	 	307606	 	REV Credit Facility	 	Houston Fuel Oil Terminal Company	 	Retention	 	 	1/30/2007	 	 	 	4/30/2008	 	 	0	 	 	0	 	 	 	859,326	 
	37Ind Constructors (Industrial Division)
	 	342775	 	REV Credit Facility	 	Houston Fuel Oil Terminal Company	 	Retention	 	 	7/11/2007	 	 	 	6/1/2009	 	 	0	 	 	0	 	 	 	1,263,928	 
	37Ind Constructors (Industrial Division)
	 	350702	 	REV Credit Facility	 	Sunoco Inc (R&M)	 	Retention	 	 	8/3/2007	 	 	 	9/30/2009	 	 	0	 	 	0	 	 	 	1	 
	37Ind Constructors (Industrial Division)
	 	339459	 	REV Credit Facility	 	Marathon Petroleum	 	Performance	 	 	7/2/2007	 	 	 	9/30/2009	 	 	0	 	 	0	 	 	 	3,670,956	 
	37Ind Constructors (Industrial Division)
	 	338560	 	REV Credit Facility	 	Southern LNG Inc.	 	Performance	 	 	6/27/2007	 	 	 	8/9/2013	 	 	0	 	 	0	 	 	 	19,608,337	 
	39 CBI (Delaware)
	 	SLT751064	 	REV Credit Facility	 	Continental Casualty Company	 	Financial	 	 	2/1/2003	 	 	 	2/1/2008	 	 	0	 	 	0	 	 	 	9,441,000	 
	40 CBI Services
	 	410692	 	REV Credit Facility	 	Yankee Gas Services Company	 	Performance	 	 	10/15/2004	 	 	 	10/14/2007	 	 	0	 	 	0	 	 	 	20,000,000	 
	40 CBI Services
	 	264146	 	REV Credit Facility	 	Alstom Power	 	Warranty	 	 	6/6/2006	 	 	 	10/1/2007	 	 	0	 	 	0	 	 	 	500,000	 
	40 CBI Services
	 	301318	 	REV Credit Facility	 	Hess Corporation	 	Retention	 	 	12/28/2006	 	 	 	11/20/2007	 	 	0	 	 	0	 	 	 	1,496,514	 
	40 CBI Services
	 	333470	 	REV Credit Facility	 	Synagro-WWT	 	Performance	 	 	6/4/2007	 	 	 	6/1/2008	 	 	0	 	 	0	 	 	 	624,758	 
	55 Horton CBI, Ltd
	 	649901	 	REV Credit Facility	 	Bear Head LNG c/o Anadarko Petroleum Corp	 	Performance	 	 	8/29/2005	 	 	 	5/12/2010	 	 	0	 	 	0	 	 	 	1,518,859	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Committed Utilization w/o
currency adjustment
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	333,220,559	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Plus: 3% Adjustment for Foreign
Currency LC’s
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	290,576	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Committed Utilization
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	333,511,135	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Bi-lateral, Credit-linked
& Committed Utilization
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1,132,170,507	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 
	Calculation of Foreign Currency LC’s:	 	 	 	 	 	 	 	 	 	 
	 
	Revolving Facility:
	 	 	 	 	 	 	 	 	 	 
	ST4003/04	 	GBP	 	 	3,750,000      	 	 	$	7,437,925.00	 
	533636030	 	SAR	 	 	5,268,570      	 	 	$	1,404,964.88	 
	533636027	 	SAR	 	 	3,161,250      	 	 	$	842,978.93	 
	 	 	 	 	 	 	 	 	 	 
	Total Foreign Currency LC’s	 	 	 	 	 	 	 	$	9,685,868.81	 
	 	 	 	 	 	 	 	 	 	 
	3% adjustment to Total Utilization	 	 	 		 	 	 	$	290,576.06	 
	 	 	 	 	 	 	 	 	 	 







 


 











 



Schedule 1.1.4 — Permitted Existing Contingent Obligations

As of September 30, 2007

(Surety Bonds)



CBI outstanding surety bonds as of 9/30/07




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Company ID	 	Bond #	 	ISSUING company	 	BENEFICIARY	 	PURPOSE	 	ISSUED	 	EXPIRY	 	Curr	 	US Dollar	 
	37Ind Constructors (Industrial Division)
	 	213686	 	AMERICAN CONTRACTORS INDEMNITY COMPANY (ACI)	 	Interstate Engineering Corporation	 	Performance and Payment	 	19-Apr-06	 	21-Nov-08	 	 	 	 	3,771,610	 
	37Ind Constructors (Industrial Division)
	 	58618534	 	WESTERN SURETY COMPANY (WSC)	 	New Mexico Contractor’s Licensing Service, Inc	 	License/Permit	 	20-Aug-03	 	20-Aug-08	 	 	 	 	5,000	 
	37Ind Constructors (Industrial Division)
	 	58618535	 	WESTERN SURETY COMPANY (WSC)	 	State of Iowa	 	License/Permit	 	07-Aug-99	 	07-Aug-08	 	 	 	 	50,000	 
	37Ind Constructors (Industrial Division)
	 	58618538	 	WESTERN SURETY COMPANY (WSC)	 	State of Florida, Construction Industry Licensing	 	License/Permit	 	15-Jul-02	 	27-Aug-08	 	 	 	 	50,000	 
	37Ind Constructors (Industrial Division)
	 	58618573	 	WESTERN SURETY COMPANY (WSC)	 	The Gardner Zemke Company	 	Performance and Payment	 	06-Dec-04	 	06-Dec-07	 	 	 	 	1,235,000	 
	37Ind Constructors (Industrial Division)
	 	58618594	 	WESTERN SURETY COMPANY (WSC)	 	State of Oklahoma	 	License/Permit	 	09-Jan-03	 	09-Jan-08	 	 	 	 	5,000	 
	37Ind Constructors (Industrial Division)
	 	58618600	 	WESTERN SURETY COMPANY (WSC)	 	City of Valparasio, IN	 	License/Permit	 	12-Oct-04	 	01-Jul-08	 	 	 	 	5,000	 
	37Ind Constructors (Industrial Division)
	 	58633468	 	US Fidelity & Guaranty COMPANY	 	State of Arkansas	 	License/Permit	 	01-Apr-99	 	01-Apr-09	 	 	 	 	10,000	 
	37Ind Constructors (Industrial Division)
	 	58633470	 	US Fidelity & Guaranty COMPANY	 	State of California	 	License/Permit	 	02-Nov-98	 	02-Nov-08	 	 	 	 	12,500	 
	37Ind Constructors (Industrial Division)
	 	58633471	 	US Fidelity & Guaranty COMPANY	 	State of California	 	License/Permit	 	11-Dec-98	 	11-Dec-08	 	 	 	 	12,500	 
	37Ind Constructors (Industrial Division)
	 	58633472	 	US Fidelity & Guaranty COMPANY	 	State of Washington	 	License/Permit	 	12-Jun-99	 	12-Jun-09	 	 	 	 	12,000	 
	37Ind Constructors (Industrial Division)
	 	58637380	 	US Fidelity & Guaranty COMPANY	 	Grunley-Walsh	 	Performance and Payment	 	19-Dec-05	 	01-May-09	 	 	 	 	5,215,000	 
	37Ind Constructors (Industrial Division)
	 	58637417	 	WESTERN SURETY COMPANY (WSC)	 	Village of Manhattan, IL	 	Performance and Payment	 	01-Oct-06	 	01-Dec-07	 	 	 	 	1,710,000	 
	37Ind Constructors (Industrial Division)
	 	58637901	 	WESTERN SURETY COMPANY (WSC)	 	City of Greensburg, IN	 	Performance and Payment	 	15-Dec-06	 	30-Nov-07	 	 	 	 	2,347,000	 
	37Ind Constructors (Industrial Division)
	 	81365479	 	FEDERAL INSURANCE COMPANY (FED)	 	City of Sealy, Texas	 	Performance and Payment	 	01-Feb-07	 	20-Mar-08	 	 	 	 	723,000	 
	37Ind Constructors (Industrial Division)
	 	81558787	 	FEDERAL INSURANCE COMPANY (FED)	 	Terra Mississippi Nitrogen, INC.	 	Retention	 	16-Sep-05	 	07-Oct-07	 	 	 	 	299,300	 
	37Ind Constructors (Industrial Division)
	 	81558803	 	FEDERAL INSURANCE COMPANY (FED)	 	Chevron Products Company	 	Retention	 	07-Nov-05	 	07-Nov-07	 	 	 	 	128,091	 
	37Ind Constructors (Industrial Division)
	 	81558805	 	FEDERAL INSURANCE COMPANY (FED)	 	Pasadena Refining System, Inc.	 	Retention	 	21-Oct-05	 	21-Dec-07	 	 	 	 	88,570	 
	37Ind Constructors (Industrial Division)
	 	CMS215360	 	RLI INSURANCE COMPANY (RLI)	 	State of Louisiana, Dept. of Revenue and Taxation	 	Tax	 	21-May-02	 	21-May-08	 	 	 	 	2,500	 
	37Ind Constructors (Industrial Division)
	 	CMS215365	 	RLI INSURANCE COMPANY (RLI)	 	Calvert County Department of Public Works	 	License/Permit	 	06-May-05	 	06-May-08	 	 	 	 	69,125	 
	37Ind Constructors (Industrial Division)
	 	CMS215366	 	RLI INSURANCE COMPANY (RLI)	 	State of Oregon	 	License/Permit	 	31-May-05	 	31-May-08	 	 	 	 	15,000	 
	37Ind Constructors (Industrial Division)
	 	CMS226322	 	RLI INSURANCE COMPANY (RLI)	 	JE Merit Constructors, Inc.	 	Retention	 	10-Jan-06	 	10-Jan-08	 	 	 	 	428,277	 
	37Ind Constructors (Industrial Division)
	 	CMS226329	 	RLI INSURANCE COMPANY (RLI)	 	Sunoco Pipeline L.P.	 	Retention	 	01-Mar-06	 	01-Mar-08	 	 	 	 	393,200	 
	37Ind Constructors (Industrial Division)
	 	K07444448	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	State of North Carolina	 	License/Permit	 	31-Dec-06	 	01-Jan-08	 	 	 	 	2,000,000	 
	37Ind Constructors (Industrial Division)
	 	K07444515	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	STATE OF NEW MEXICO	 	License/Permit	 	02-Jan-07	 	02-Jan-08	 	 	 	 	76,067	 
	37Ind Constructors (Industrial Division)
	 	K07444540	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	Village of Gilberts, IL	 	License/Permit	 	13-Oct-06	 	30-Jan-08	 	 	 	 	3,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Sub-total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	18,666,740	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	37Wtr Constructors (Water Division)
	 	15814608	 	WESTERN SURETY COMPANY (WSC)	 	State of Texas	 	Public	 	31-Mar-06	 	31-Mar-10	 	 	 	 	10,000	 
	37Wtr Constructors (Water Division)
	 	58618537	 	WESTERN SURETY COMPANY (WSC)	 	City of Auburn Finance Department Revenue Office	 	License/Permit	 	04-Aug-03	 	04-Aug-08	 	 	 	 	5,000	 
	37Wtr Constructors (Water Division)
	 	58618541	 	WESTERN SURETY COMPANY (WSC)	 	State of California	 	License/Permit	 	05-Sep-02	 	04-Oct-07	 	 	 	 	12,500	 
	37Wtr Constructors (Water Division)
	 	58618566	 	WESTERN SURETY COMPANY (WSC)	 	City of Jamestown	 	License/Permit	 	11-Nov-04	 	31-Dec-07	 	 	 	 	10,000	 
	37Wtr Constructors (Water Division)
	 	58618575	 	WESTERN SURETY COMPANY (WSC)	 	Alaska Department of Commerce	 	License/Permit	 	01-Jan-05	 	31-Dec-07	 	 	 	 	10,000	 
	37Wtr Constructors (Water Division)
	 	58618586	 	WESTERN SURETY COMPANY (WSC)	 	Lawton Chiles, Governor of the State of Florida	 	License/Permit	 	05-Dec-02	 	05-Dec-07	 	 	 	 	5,000	 
	37Wtr Constructors (Water Division)
	 	58618592	 	WESTERN SURETY COMPANY (WSC)	 	Norwich Public Utilitiies of the City of Norwich	 	License/Permit	 	02-Dec-04	 	11-Jan-08	 	 	 	 	55,945	 
	37Wtr Constructors (Water Division)
	 	58633442	 	WESTERN SURETY COMPANY (WSC)	 	Secretary of State, State of California	 	Public	 	09-Dec-05	 	08-Dec-09	 	 	 	 	15,000	 
	37Wtr Constructors (Water Division)
	 	58633445	 	WESTERN SURETY COMPANY (WSC)	 	City of Columbia	 	Maintenance	 	06-Dec-05	 	09-May-09	 	 	 	 	3,646,951	 
	37Wtr Constructors (Water Division)
	 	58633466	 	WESTERN SURETY COMPANY (WSC)	 	Road Commission for Oakland County	 	License/Permit	 	01-Mar-06	 	30-Nov-08	 	 	 	 	3,000	 
	37Wtr Constructors (Water Division)
	 	58633469	 	WESTERN SURETY COMPANY (WSC)	 	Northern Kentucky Water District	 	Performance and Payment	 	17-Mar-06	 	01-Nov-07	 	 	 	 	2,298,300	 
	37Wtr Constructors (Water Division)
	 	58633477	 	WESTERN SURETY COMPANY (WSC)	 	State of Alaska	 	License/Permit	 	02-Nov-03	 	02-Nov-08	 	 	 	 	10,000	 
	37Wtr Constructors (Water Division)
	 	58633478	 	WESTERN SURETY COMPANY (WSC)	 	Public Water Supply Disrict No. 2 of St. Charles County	 	Performance and Payment	 	07-Jun-06	 	15-Sep-08	 	 	 	 	1,554,300	 
	37Wtr Constructors (Water Division)
	 	58633479	 	WESTERN SURETY COMPANY (WSC)	 	State of Wyoming	 	Wage and Welfare	 	03-Apr-05	 	03-Apr-08	 	 	 	 	16,000	 
	37Wtr Constructors (Water Division)
	 	58633482	 	WESTERN SURETY COMPANY (WSC)	 	State of Arkanzas	 	License/Permit	 	20-Sep-03	 	20-Sep-08	 	 	 	 	10,000	 
	37Wtr Constructors (Water Division)
	 	58633483	 	WESTERN SURETY COMPANY (WSC)	 	State of Washington	 	License/Permit	 	15-Sep-03	 	15-Sep-08	 	 	 	 	6,000	 
	37Wtr Constructors (Water Division)
	 	58637404	 	WESTERN SURETY COMPANY (WSC)	 	Chikaming Township (Harbert, MI)	 	Performance and Payment	 	15-Sep-06	 	15-Oct-07	 	 	 	 	827,000	 
	37Wtr Constructors (Water Division)
	 	58637406	 	WESTERN SURETY COMPANY (WSC)	 	Village of Mundelein, IL	 	Performance and Payment	 	06-Sep-06	 	01-Dec-07	 	 	 	 	2,289,000	 
	37Wtr Constructors (Water Division)
	 	58637414	 	WESTERN SURETY COMPANY (WSC)	 	Jonesboro City Water & Light	 	Performance and Payment	 	01-Oct-06	 	01-Oct-07	 	 	 	 	2,089,500	 
	37Wtr Constructors (Water Division)
	 	58637415	 	WESTERN SURETY COMPANY (WSC)	 	City of Ottawa, IL	 	Performance and Payment	 	01-Oct-06	 	01-Oct-07	 	 	 	 	1,448,500	 
	37Wtr Constructors (Water Division)
	 	58637418	 	WESTERN SURETY COMPANY (WSC)	 	Frederick County Div of Utilities	 	Performance and Payment	 	10-Oct-06	 	10-Oct-07	 	 	 	 	2,094,660	 
	37Wtr Constructors (Water Division)
	 	58637420	 	WESTERN SURETY COMPANY (WSC)	 	City of Gonzales	 	Performance and Payment	 	17-Oct-06	 	17-Dec-07	 	 	 	 	2,056,600	 
	37Wtr Constructors (Water Division)
	 	58637421	 	WESTERN SURETY COMPANY (WSC)	 	City of Lincoln	 	Performance and Payment	 	16-Oct-06	 	01-Aug-08	 	 	 	 	2,893,000	 
	37Wtr Constructors (Water Division)
	 	58637423	 	WESTERN SURETY COMPANY (WSC)	 	Cole County Public Water Supply District No. 1	 	Performance and Payment	 	31-Oct-06	 	31-Dec-08	 	 	 	 	1,274,000	 
	37Wtr Constructors (Water Division)
	 	58637424	 	WESTERN SURETY COMPANY (WSC)	 	The City of Amarillo	 	Performance and Payment	 	19-Sep-06	 	01-Jun-08	 	 	 	 	2,558,000	 
	37Wtr Constructors (Water Division)
	 	58637428	 	WESTERN SURETY COMPANY (WSC)	 	Rathbun Regional Water Association, Inc	 	Performance and Payment	 	01-Dec-06	 	01-Aug-08	 	 	 	 	1,518,600	 
	37Wtr Constructors (Water Division)
	 	58637429	 	WESTERN SURETY COMPANY (WSC)	 	Board of Commissioners of the County of LaGrange, IN	 	Performance and Payment	 	18-Dec-06	 	01-Aug-08	 	 	 	 	907,700	 
	37Wtr Constructors (Water Division)
	 	58637904	 	WESTERN SURETY COMPANY (WSC)	 	City of Kerrville, Texas	 	Performance and Payment	 	29-Nov-06	 	01-May-08	 	 	 	 	1,658,970	 
	37Wtr Constructors (Water Division)
	 	58637905	 	WESTERN SURETY COMPANY (WSC)	 	City of Piperton	 	Performance and Payment	 	31-Dec-06	 	31-Dec-07	 	 	 	 	789,600	 
	37Wtr Constructors (Water Division)
	 	58637906	 	WESTERN SURETY COMPANY (WSC)	 	City of Alamogordo	 	Tax	 	02-Jan-07	 	02-Jan-08	 	 	 	 	76,067	 
	37Wtr Constructors (Water Division)
	 	58637906	 	WESTERN SURETY COMPANY (WSC)	 	City of Alamogordo	 	Performance and Payment	 	02-Jan-07	 	30-Nov-07	 	 	 	 	1,125,267	 
	37Wtr Constructors (Water Division)
	 	58637907	 	WESTERN SURETY COMPANY (WSC)	 	State of Illinois, Secretary of State	 	Public	 	24-Apr-07	 	24-Apr-11	 	 	 	 	5,000	 
	37Wtr Constructors (Water Division)
	 	58637908	 	WESTERN SURETY COMPANY (WSC)	 	City of Forest Lake	 	Performance and Payment	 	09-Jan-07	 	15-Jul-08	 	 	 	 	1,694,000	 
	37Wtr Constructors (Water Division)
	 	58643614	 	WESTERN SURETY COMPANY (WSC)	 	Baltimore County, MD	 	Performance and Payment	 	01-Feb-07	 	01-Aug-08	 	 	 	 	4,739,660	 
	37Wtr Constructors (Water Division)
	 	58643623	 	WESTERN SURETY COMPANY (WSC)	 	The City of Schertz, Texas	 	Performance and Payment	 	15-Feb-07	 	15-Jun-08	 	 	 	 	3,861,000	 






 


 









 




Schedule 1.1.4 — Permitted Existing Contingent Obligations

As of September 30, 2007

(Surety Bonds)



CBI outstanding surety bonds as of 9/30/07




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Company ID	 	Bond #	 	ISSUING company	 	BENEFICIARY	 	PURPOSE	 	ISSUED	 	EXPIRY	 	Curr	 	US Dollar	 
	37Wtr Constructors (Water Division)
	 	58643624	 	WESTERN SURETY COMPANY (WSC)	 	PWSD No. 2 of St. Charles County, MO	 	Performance and Payment	 	01-Apr-07	 	01-Jul-08	 	 	 	 	2,079,000	 
	37Wtr Constructors (Water Division)
	 	58643626	 	WESTERN SURETY COMPANY (WSC)	 	Charter Township of Northville	 	Performance Payment Maintance Bond	 	30-Apr-07	 	30-Jun-08	 	 	 	 	1,699,000	 
	37Wtr Constructors (Water Division)
	 	58643629	 	WESTERN SURETY COMPANY (WSC)	 	City of Marion	 	Performance and Payment	 	01-Apr-07	 	01-Aug-08	 	 	 	 	2,153,000	 
	37Wtr Constructors (Water Division)
	 	58643633	 	WESTERN SURETY COMPANY (WSC)	 	Village of Park Forest, IL	 	Performance and Payment	 	09-Apr-07	 	01-Sep-08	 	 	 	 	1,147,000	 
	37Wtr Constructors (Water Division)
	 	58643636	 	WESTERN SURETY COMPANY (WSC)	 	Summit Township (Jackson, MI)	 	Performance and Payment	 	01-Jun-07	 	03-Oct-08	 	 	 	 	1,743,000	 
	37Wtr Constructors (Water Division)
	 	58643641	 	WESTERN SURETY COMPANY (WSC)	 	City of Columbus Division of Power and Water	 	Performance and Payment	 	12-Jun-07	 	01-Dec-08	 	 	 	 	4,442,900	 
	37Wtr Constructors (Water Division)
	 	58643642	 	WESTERN SURETY COMPANY (WSC)	 	Central Elmore Water and Sewer Authority	 	Performance and Payment	 	08-May-07	 	30-Sep-08	 	 	 	 	1,645,700	 
	37Wtr Constructors (Water Division)
	 	58643644	 	WESTERN SURETY COMPANY (WSC)	 	Village of Channahon, IL	 	Performance and Payment	 	29-Jun-07	 	30-Aug-08	 	 	 	 	1,180,000	 
	37Wtr Constructors (Water Division)
	 	58643645	 	WESTERN SURETY COMPANY (WSC)	 	City of Fargo	 	Performance and Payment	 	07-Jun-07	 	01-Dec-08	 	 	 	 	2,223,000	 
	37Wtr Constructors (Water Division)
	 	58643648	 	WESTERN SURETY COMPANY (WSC)	 	City of Sparta, WI	 	Performance and Payment	 	01-Jun-07	 	01-Aug-08	 	 	 	 	1,044,050	 
	37Wtr Constructors (Water Division)
	 	58643649	 	WESTERN SURETY COMPANY (WSC)	 	Cunningham Utility District	 	Performance and Payment	 	15-Jul-07	 	15-Sep-08	 	 	 	 	2,134,000	 
	37Wtr Constructors (Water Division)
	 	58643651	 	WESTERN SURETY COMPANY (WSC)	 	The City of Alvin, Texas	 	Performance and Payment	 	15-Jul-07	 	15-Sep-08	 	 	 	 	1,951,500	 
	37Wtr Constructors (Water Division)
	 	58643659	 	WESTERN SURETY COMPANY (WSC)	 	City of West Point	 	Performance and Payment	 	30-Sep-07	 	30-Sep-08	 	 	 	 	1,987,000	 
	37Wtr Constructors (Water Division)
	 	58643661	 	WESTERN SURETY COMPANY (WSC)	 	Manitowoc Public Utilities	 	Performance and Payment	 	30-Sep-07	 	31-May-09	 	 	 	 	1,878,000	 
	37Wtr Constructors (Water Division)
	 	58643664	 	WESTERN SURETY COMPANY (WSC)	 	Town of Ledyard, Water Pollution Control Authority	 	Performance and Payment	 	10-Sep-07	 	31-Dec-08	 	 	 	 	1,614,000	 
	37Wtr Constructors (Water Division)
	 	58643666	 	WESTERN SURETY COMPANY (WSC)	 	City of Wooster	 	Performance and Payment	 	13-Sep-07	 	13-Sep-09	 	 	 	 	1,820,000	 
	37Wtr Constructors (Water Division)
	 	81365410	 	FEDERAL INSURANCE COMPANY (FED)	 	City of Abingdon, IL	 	Performance and Payment	 	07-Mar-07	 	01-Oct-08	 	 	 	 	813,000	 
	37Wtr Constructors (Water Division)
	 	81365425	 	FEDERAL INSURANCE COMPANY (FED)	 	The Commonwealth of Virginia	 	Performance and Payment	 	22-May-07	 	01-Jun-08	 	 	 	 	1,834,000	 
	37Wtr Constructors (Water Division)
	 	81365429	 	FEDERAL INSURANCE COMPANY (FED)	 	State of California — Dept. of Corrections and Rehabilitation	 	Performance and Payment	 	12-Jun-07	 	31-Jan-08	 	 	 	 	466,425	 
	37Wtr Constructors (Water Division)
	 	81365433	 	FEDERAL INSURANCE COMPANY (FED)	 	City of Nekoosa, WI	 	Bid	 	12-Jun-07	 	30-Sep-08	 	 	 	 	1,052,300	 
	37Wtr Constructors (Water Division)
	 	81365434	 	FEDERAL INSURANCE COMPANY (FED)	 	Johnston County Department of Public Utilities	 	Performance and Payment	 	19-Jun-07	 	19-Jun-08	 	 	 	 	603,437	 
	37Wtr Constructors (Water Division)
	 	81365436	 	FEDERAL INSURANCE COMPANY (FED)	 	Connecticut Water Company	 	Performance and Payment	 	27-Jun-07	 	30-May-08	 	 	 	 	466,270	 
	37Wtr Constructors (Water Division)
	 	81365438	 	FEDERAL INSURANCE COMPANY (FED)	 	PUL Alliance	 	Tax	 	10-Jul-07	 	10-Jul-08	 	 	 	 	1,247,000	 
	37Wtr Constructors (Water Division)
	 	81365441	 	FEDERAL INSURANCE COMPANY (FED)	 	Sierra Nevada Construction, Inc.	 	Performance and Payment	 	20-Jul-07	 	20-Jul-08	 	 	 	 	489,700	 
	37Wtr Constructors (Water Division)
	 	81365442	 	FEDERAL INSURANCE COMPANY (FED)	 	California American Water Company	 	Performance and Payment	 	01-Aug-07	 	30-Dec-08	 	 	 	 	985,913	 
	37Wtr Constructors (Water Division)
	 	81365444	 	FEDERAL INSURANCE COMPANY (FED)	 	T-L Rural Water District (Glasford, IL)	 	Performance and Payment	 	30-Aug-07	 	30-Sep-08	 	 	 	 	896,900	 
	37Wtr Constructors (Water Division)
	 	81365447	 	FEDERAL INSURANCE COMPANY (FED)	 	West Earl Water Authority	 	Performance and Payment	 	16-Aug-07	 	30-Nov-08	 	 	 	 	1,027,000	 
	37Wtr Constructors (Water Division)
	 	81365449	 	FEDERAL INSURANCE COMPANY (FED)	 	Johnston County Department of Public Utilities	 	Performance and Payment	 	19-Jun-07	 	19-Jun-08	 	 	 	 	581,700	 
	37Wtr Constructors (Water Division)
	 	81365450	 	FEDERAL INSURANCE COMPANY (FED)	 	Seneca Light and Water  (City of	 	Performance and Payment	 	28-Aug-07	 	31-Dec-08	 	 	 	 	1,787,000	 
	37Wtr Constructors (Water Division)
	 	81365467	 	FEDERAL INSURANCE COMPANY (FED)	 	Midway Water System, Inc.	 	Performance and Payment	 	30-Nov-06	 	15-Nov-07	 	 	 	 	1,579,200	 
	37Wtr Constructors (Water Division)
	 	81365469	 	FEDERAL INSURANCE COMPANY (FED)	 	Mount Airy No.1 L.L.C.	 	License/Permit	 	30-Nov-06	 	30-Nov-07	 	 	 	 	98,700	 
	37Wtr Constructors (Water Division)
	 	81365473	 	FEDERAL INSURANCE COMPANY (FED)	 	Batesville Water and Gas Utility	 	Performance and Payment	 	01-Feb-07	 	30-Jul-08	 	 	 	 	1,036,300	 
	37Wtr Constructors (Water Division)
	 	81365478	 	FEDERAL INSURANCE COMPANY (FED)	 	HDR Design-Build, Inc.	 	Performance and Payment	 	01-Feb-07	 	15-Apr-08	 	 	 	 	895,200	 
	37Wtr Constructors (Water Division)
	 	81365480	 	FEDERAL INSURANCE COMPANY (FED)	 	California-American Water Company	 	Performance and Payment	 	06-Mar-07	 	03-Jan-08	 	 	 	 	2,090,000	 
	37Wtr Constructors (Water Division)
	 	81558699	 	FEDERAL INSURANCE COMPANY (FED)	 	Lincoln Water Commission	 	Performance and Payment	 	12-May-06	 	19-Nov-07	 	 	 	 	1,627,000	 
	37Wtr Constructors (Water Division)
	 	81558712	 	FEDERAL INSURANCE COMPANY (FED)	 	Board of Public Works, East Longmeadow, MA	 	Performance and Payment	 	10-May-06	 	10-Dec-07	 	 	 	 	2,896,000	 
	37Wtr Constructors (Water Division)
	 	81558715	 	FEDERAL INSURANCE COMPANY (FED)	 	Town of Marion, Massachusetts	 	Performance and Payment	 	28-Jun-06	 	22-Dec-07	 	 	 	 	1,973,000	 
	37Wtr Constructors (Water Division)
	 	81558756	 	FEDERAL INSURANCE COMPANY (FED)	 	Jacobs Engineering as agent for Flint Hills Resources	 	Retention	 	23-Aug-04	 	23-Aug-08	 	 	 	 	264,008	 
	37Wtr Constructors (Water Division)
	 	81558813	 	FEDERAL INSURANCE COMPANY (FED)	 	City of Galesburg, MI	 	Performance and Payment	 	27-Feb-06	 	30-Sep-07	 	 	 	 	1,023,000	 
	37Wtr Constructors (Water Division)
	 	81558837	 	FEDERAL INSURANCE COMPANY (FED)	 	Stanek Constructors, Inc.	 	Performance and Payment	 	10-Jul-06	 	30-Nov-07	 	 	 	 	1,970,207	 
	37Wtr Constructors (Water Division)
	 	81558840	 	FEDERAL INSURANCE COMPANY (FED)	 	City of Rockford	 	Performance and Payment	 	18-Jul-06	 	31-Oct-07	 	 	 	 	1,223,000	 
	37Wtr Constructors (Water Division)
	 	81558844	 	FEDERAL INSURANCE COMPANY (FED)	 	City of Kalamazoo, MI	 	Performance and Payment	 	26-Jul-06	 	01-Jul-08	 	 	 	 	2,942,000	 
	37Wtr Constructors (Water Division)
	 	81558845	 	FEDERAL INSURANCE COMPANY (FED)	 	The City of Rock Hill	 	Performance and Payment	 	04-Aug-06	 	31-Dec-07	 	 	 	 	1,775,000	 
	37Wtr Constructors (Water Division)
	 	81558847	 	FEDERAL INSURANCE COMPANY (FED)	 	County of Prince George, Virginia	 	Performance and Payment	 	01-Oct-06	 	01-Nov-07	 	 	 	 	1,337,000	 
	37Wtr Constructors (Water Division)
	 	81558854	 	FEDERAL INSURANCE COMPANY (FED)	 	Iowa-American Water Company	 	Performance Payment Maintance Bond	 	15-Sep-06	 	01-Nov-07	 	 	 	 	1,642,750	 
	37Wtr Constructors (Water Division)
	 	82038420	 	FEDERAL INSURANCE COMPANY (FED)	 	County of New Kent, Virginia	 	Performance and Payment	 	13-Mar-07	 	28-Feb-08	 	 	 	 	1,036,000	 
	37Wtr Constructors (Water Division)
	 	69688524N	 	WESTERN SURETY COMPANY (WSC)	 	Julie Davis	 	License/Permit	 	28-Mar-04	 	28-Mar-08	 	 	 	 	15,000	 
	37Wtr Constructors (Water Division)
	 	69688524N01	 	WESTERN SURETY COMPANY (WSC)	 	Julie Davis	 	Public	 	28-Mar-04	 	28-Mar-08	 	 	 	 	15,000	 
	37Wtr Constructors (Water Division)
	 	CMS215367	 	RLI INSURANCE COMPANY (RLI)	 	Kalamazoo County	 	License/Permit	 	26-Jul-04	 	26-Jul-08	 	 	 	 	1,700	 
	37Wtr Constructors (Water Division)
	 	CMS226304	 	RLI INSURANCE COMPANY (RLI)	 	MARYLAND STATE HIGHWAY ADMINISTRATION - KENT COUNTY	 	License/Permit	 	01-Jul-05	 	30-Jun-08	 	 	 	 	300,000	 
	37Wtr Constructors (Water Division)
	 	CMS226305	 	RLI INSURANCE COMPANY (RLI)	 	Knickerbocker Properties, LLC	 	Maintenance	 	20-Dec-04	 	20-Dec-07	 	 	 	 	32,672	 
	37Wtr Constructors (Water Division)
	 	CMS226308	 	RLI INSURANCE COMPANY (RLI)	 	Mahoning County Engineer	 	License/Permit	 	20-Jul-05	 	20-Jul-08	 	 	 	 	10,000	 
	37Wtr Constructors (Water Division)
	 	CMS226330	 	RLI INSURANCE COMPANY (RLI)	 	Calvert County Deparment of Public Works	 	Performance	 	17-Apr-06	 	17-Apr-08	 	 	 	 	136,802	 
	37Wtr Constructors (Water Division)
	 	CMS226331	 	RLI INSURANCE COMPANY (RLI)	 	Calvert County Department of Project Management	 	Performance	 	01-Jun-06	 	01-Jun-08	 	 	 	 	102,175	 
	37Wtr Constructors (Water Division)
	 	K07443936	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	STATE OF NEVADA	 	License/Permit	 	15-Nov-03	 	15-Nov-08	 	 	 	 	20,000	 
	37Wtr Constructors (Water Division)
	 	K07443985	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	Road Commission for Oakland County	 	License/Permit	 	24-May-06	 	24-May-08	 	 	 	 	2,000	 
	37Wtr Constructors (Water Division)
	 	K07444126	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	Kalamazoo County Drain Commission	 	License/Permit	 	01-Jan-06	 	01-Jan-08	 	 	 	 	6,250	 
	37Wtr Constructors (Water Division)
	 	K07444400	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	County of Porter, Recorder office	 	License/Permit	 	16-Oct-06	 	16-Oct-07	 	 	 	 	5,000	 
	37Wtr Constructors (Water Division)
	 	K07445076	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	State of Mississippi	 	License/Permit	 	17-Aug-07	 	17-Aug-08	 	 	 	 	43,645	 
	37Wtr Constructors (Water Division)
	 	ST2879	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	Town of Wake Forest, N.C.	 	Court	 	07-Jun-02	 	07-Jun-08	 	 	 	 	72,000	 
	37Wtr Constructors (Water Division)
	 	TB6389	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	Dillingham-Ray Wilson	 	Court	 	09-Oct-03	 	09-Oct-07	 	 	 	 	261,721	 
	37Wtr Constructors (Water Division)
	 	TB6462	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	State of Illinois. Secretary of State	 	Public	 	13-Apr-04	 	13-Apr-08	 	 	 	 	5,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Sub-total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	111,003,245	 






 


 









 





Schedule 1.1.4 — Permitted Existing Contingent Obligations

As of September 30, 2007

(Surety Bonds)



CBI outstanding surety bonds as of 9/30/07




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Company ID	 	Bond #	 	ISSUING company	 	BENEFICIARY	 	PURPOSE	 	ISSUED	 	EXPIRY	 	Curr	 	US Dollar	 
	39 CBI (Delaware)
	 	15832648	 	WESTERN SURETY COMPANY (WSC)	 	State of Texas	 	Public	 	13-Feb-07	 	13-Feb-11	 	 	 	 	10,000	 
	39 CBI (Delaware)
	 	15832649	 	WESTERN SURETY COMPANY (WSC)	 	State of Texas	 	Public	 	26-Apr-07	 	26-Apr-11	 	 	 	 	10,000	 
	39 CBI (Delaware)
	 	58618532	 	WESTERN SURETY COMPANY (WSC)	 	Jesse White, Secretary of State, Index Dept.	 	Public	 	17-Aug-04	 	03-Oct-08	 	 	 	 	5,000	 
	39 CBI (Delaware)
	 	58618533	 	WESTERN SURETY COMPANY (WSC)	 	State of Alaska	 	License/Permit	 	29-Sep-03	 	29-Sep-08	 	 	 	 	10,000	 
	39 CBI (Delaware)
	 	58618542	 	WESTERN SURETY COMPANY (WSC)	 	State of Iowa, Division of Labor	 	License/Permit	 	09-Oct-02	 	09-Oct-08	 	 	 	 	50,000	 
	39 CBI (Delaware)
	 	58618595	 	WESTERN SURETY COMPANY (WSC)	 	State of Arizona, Registrar of Contractors	 	License/Permit	 	22-Jan-03	 	22-Jan-08	 	 	 	 	40,000	 
	39 CBI (Delaware)
	 	58618596	 	WESTERN SURETY COMPANY (WSC)	 	State of Washington Department of Labor and Indust	 	License/Permit	 	22-Jan-03	 	22-Jan-08	 	 	 	 	12,000	 
	39 CBI (Delaware)
	 	58643631	 	WESTERN SURETY COMPANY (WSC)	 	Douglas Water and Fire Protection Authority	 	Performance and Payment	 	01-May-07	 	01-Sep-08	 	 	 	 	1,367,000	 
	39 CBI (Delaware)
	 	58643632	 	WESTERN SURETY COMPANY (WSC)	 	City of Northport	 	Performance and Payment	 	25-Apr-07	 	25-Jun-08	 	 	 	 	1,687,000	 
	39 CBI (Delaware)
	 	70830017	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	U. S. CUSTOMS AND BORDER PROTECTION	 	Custom	 	20-Sep-07	 	20-Sep-08	 	 	 	 	60,000	 
	39 CBI (Delaware)
	 	CMS215359	 	RLI INSURANCE COMPANY (RLI)	 	State of Oregon	 	License/Permit	 	07-Feb-02	 	07-Feb-08	 	 	 	 	15,000	 
	39 CBI (Delaware)
	 	CMS215363	 	RLI INSURANCE COMPANY (RLI)	 	State of Arizona Department of Revenue	 	License/Permit	 	30-Jun-02	 	30-Jun-08	 	 	 	 	102,000	 
	39 CBI (Delaware)
	 	K07443948	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	Village of Plainfield, IL	 	License/Permit	 	16-May-06	 	16-May-08	 	 	 	 	10,000	 
	39 CBI (Delaware)
	 	TD8638	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	State of Illinois, Jesse White, Secretary of State	 	Public	 	20-Aug-04	 	20-Aug-08	 	 	 	 	5,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Sub-total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	3,383,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	40 CBI Services
	 	58618536	 	WESTERN SURETY COMPANY (WSC)	 	State of Alaska	 	License/Permit	 	31-Aug-02	 	31-Aug-08	 	 	 	 	5,000	 
	40 CBI Services
	 	58618558	 	WESTERN SURETY COMPANY (WSC)	 	Iowa Division of Labor	 	Labor	 	01-Nov-04	 	01-Nov-08	 	 	 	 	65,000	 
	40 CBI Services
	 	58618603	 	WESTERN SURETY COMPANY (WSC)	 	Operating Engineers Local 825 Service Fund	 	Performance	 	10-Jan-00	 	10-Jan-08	 	 	 	 	25,000	 
	40 CBI Services
	 	58618616	 	WESTERN SURETY COMPANY (WSC)	 	State of Connecticut	 	License/Permit	 	19-Oct-04	 	08-Feb-08	 	 	 	 	4,039,750	 
	40 CBI Services
	 	58627861	 	WESTERN SURETY COMPANY (WSC)	 	Carpenters Health & Welfare Fund of Philadelphia a	 	Wage and Welfare	 	01-May-02	 	01-May-08	 	 	 	 	50,000	 
	40 CBI Services
	 	58627862	 	WESTERN SURETY COMPANY (WSC)	 	Twin City Iron Workers Fringe Benefits Funds	 	Wage and Welfare	 	27-Jan-03	 	27-Jan-08	 	 	 	 	25,000	 
	40 CBI Services
	 	58627863	 	WESTERN SURETY COMPANY (WSC)	 	Laborers Union Local #731	 	Wage and Welfare	 	08-Nov-03	 	01-Mar-08	 	 	 	 	25,000	 
	40 CBI Services
	 	58627864	 	WESTERN SURETY COMPANY (WSC)	 	Nevada Department of Taxation	 	Tax	 	01-Jan-04	 	01-Jan-08	 	 	 	 	100	 
	40 CBI Services
	 	58627865	 	WESTERN SURETY COMPANY (WSC)	 	International Assoc. of Heat & Frost Insulators & Asbestos Workers	 	Wage and Welfare	 	01-Mar-05	 	01-Mar-08	 	 	 	 	100,000	 
	40 CBI Services
	 	58627870	 	WESTERN SURETY COMPANY (WSC)	 	State of Oregon Construction Contractors Board	 	License/Permit	 	26-Mar-02	 	26-Mar-08	 	 	 	 	15,000	 
	40 CBI Services
	 	58627876	 	WESTERN SURETY COMPANY (WSC)	 	Iron Workers’ Local No. 25 Fringe Benefit Funds	 	Wage and Welfare	 	17-Mar-05	 	17-Mar-08	 	 	 	 	25,000	 
	40 CBI Services
	 	58633441	 	WESTERN SURETY COMPANY (WSC)	 	City of Tualatin, Oregon	 	Maintenance	 	30-Mar-07	 	30-Mar-08	 	 	 	 	6,039,740	 
	40 CBI Services
	 	58633474	 	US Fidelity & Guaranty COMPANY	 	State of California	 	License/Permit	 	13-Mar-99	 	13-Mar-09	 	 	 	 	12,500	 
	40 CBI Services
	 	58633475	 	US Fidelity & Guaranty COMPANY	 	State of Washington	 	License/Permit	 	17-Jun-99	 	17-Jun-09	 	 	 	 	12,500	 
	40 CBI Services
	 	58633476	 	US Fidelity & Guaranty COMPANY	 	State of Washington	 	License/Permit	 	17-Jun-04	 	17-Jun-09	 	 	 	 	12,000	 
	40 CBI Services
	 	58643628	 	WESTERN SURETY COMPANY (WSC)	 	New York State Office of General Services	 	Performance and Payment	 	02-Apr-07	 	30-Sep-08	 	 	 	 	1,857,000	 
	40 CBI Services
	 	58643638	 	WESTERN SURETY COMPANY (WSC)	 	City of Marysville, WA	 	Retention	 	30-May-07	 	30-May-08	 	 	 	 	1,391,947	 
	40 CBI Services
	 	58643663	 	WESTERN SURETY COMPANY (WSC)	 	Advatech LLC., Attn: Butch Beegle	 	Performance and Payment	 	30-Sep-07	 	16-May-09	 	 	 	 	6,569,073	 
	40 CBI Services
	 	81365448	 	FEDERAL INSURANCE COMPANY (FED)	 	SGT LLC	 	Performance	 	16-Aug-07	 	31-Dec-07	 	 	 	 	1,301,375	 
	40 CBI Services
	 	81365464	 	FEDERAL INSURANCE COMPANY (FED)	 	Merchantville-Pensauken Water Commision	 	Performance and Payment	 	01-Nov-06	 	01-May-08	 	 	 	 	2,598,330	 
	40 CBI Services
	 	81365466	 	FEDERAL INSURANCE COMPANY (FED)	 	Township of Lower Municipal Utilities Authority	 	Performance and Payment	 	26-Oct-06	 	01-Jan-08	 	 	 	 	1,879,660	 
	40 CBI Services
	 	81365471	 	FEDERAL INSURANCE COMPANY (FED)	 	JH Kelly, LLC	 	Performance and Payment	 	06-Oct-06	 	14-Oct-07	 	 	 	 	13,783,382	 
	40 CBI Services
	 	81365474	 	FEDERAL INSURANCE COMPANY (FED)	 	Wheelabrator Air Pollution Control	 	Performance and Payment	 	22-Dec-06	 	01-Jan-08	 	 	 	 	930,000	 
	40 CBI Services
	 	81365475	 	FEDERAL INSURANCE COMPANY (FED)	 	Stone & Webster Construction Co.	 	Performance and Payment	 	18-Dec-06	 	26-Jan-08	 	 	 	 	2,296,294	 
	40 CBI Services
	 	81365476	 	FEDERAL INSURANCE COMPANY (FED)	 	Pepper Construction Co.	 	Performance	 	01-Jan-07	 	26-Jan-08	 	 	 	 	3,252,111	 
	40 CBI Services
	 	1000760916	 	U.S. SPECIALTY INSURANCE COMPANY (USS)	 	Advatech, LLC - Attn: Butch Beagle	 	Performance and Payment	 	31-Mar-07	 	09-May-08	 	 	 	 	4,378,860	 
	40 CBI Services
	 	CMS215358	 	RLI INSURANCE COMPANY (RLI)	 	State of Arkansas - Contractors Licensing Board	 	License/Permit	 	30-Apr-05	 	30-Apr-08	 	 	 	 	10,000	 
	40 CBI Services
	 	CMS215364	 	RLI INSURANCE COMPANY (RLI)	 	State of California	 	Wage and Welfare	 	16-Jul-02	 	07-Jun-08	 	 	 	 	220,000	 
	40 CBI Services
	 	CMS215368	 	RLI INSURANCE COMPANY (RLI)	 	State of Arizona	 	License/Permit	 	27-Jul-98	 	27-Jul-08	 	 	 	 	40,000	 
	40 CBI Services
	 	CMS226301	 	RLI INSURANCE COMPANY (RLI)	 	United Association Local Union 322	 	Wage and Welfare	 	17-Aug-05	 	30-Jun-08	 	 	 	 	200,000	 
	40 CBI Services
	 	CMS226302	 	RLI INSURANCE COMPANY (RLI)	 	Local 282 Welfare, Pension, Annuity,	 	Welfare	 	04-Jul-05	 	04-Jul-08	 	 	 	 	10,000	 
	40 CBI Services
	 	CMS226303	 	RLI INSURANCE COMPANY (RLI)	 	Iron Workers Locals 40,361, & 417 Union	 	Welfare	 	04-Jul-05	 	04-Jul-08	 	 	 	 	30,000	 
	40 CBI Services
	 	CMS226311	 	RLI INSURANCE COMPANY (RLI)	 	Structural Steel and Bridge Painters Local Union 806	 	Wage and Welfare	 	20-Sep-05	 	20-Sep-08	 	 	 	 	25,000	 
	40 CBI Services
	 	CMS226313	 	RLI INSURANCE COMPANY (RLI)	 	Missouri Depart of Revenue, Tax Admin Bureau	 	Wage and Welfare	 	01-Oct-05	 	01-Oct-08	 	 	 	 	25,000	 
	41 Morse Construction
	 	CMS226327	 	RLI INSURANCE COMPANY (RLI)	 	Pacific Energy Group, LLC	 	Retention	 	06-Jan-06	 	06-Jan-08	 	 	 	 	599,660	 
	40 CBI Services
	 	K07231684	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	LG Constructors, Inc	 	Performance and Payment	 	27-Jun-06	 	01-May-08	 	 	 	 	693,788	 
	40 CBI Services
	 	K07443821	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	State of Nebraska	 	License/Permit	 	24-Apr-06	 	24-Apr-08	 	 	 	 	47,000	 
	40 CBI Services
	 	K07443912	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	Hitachi America Ltd.	 	Maintenance	 	01-May-06	 	01-May-09	 	 	 	 	18,000	 
	40 CBI Services
	 	K07444394	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	Nevada State Contractors Board	 	License/Permit	 	04-Oct-06	 	04-Oct-07	 	 	 	 	50,000	 
	40 CBI Services
	 	K07444709	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	Oregon Department of Transportation	 	Tax	 	20-Mar-07	 	20-Mar-08	 	 	 	 	2,750	 
	40 CBI Services
	 	K07444965	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	City of Marysville, WA	 	Public	 	16-Jul-07	 	16-Jul-08	 	 	 	 	64,145	 
	40 CBI Services
	 	K07444977	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	Lake County, IN	 	License/Permit	 	16-Jul-07	 	16-Jul-08	 	 	 	 	5,000	 
	40 CBI Services
	 	K07445052	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	Oregon Construction Contractors Board	 	License/Permit	 	07-Aug-07	 	07-Aug-08	 	 	 	 	30,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Sub-total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	52,759,964	 
	92 Howe Baker Engineers
	 	58618539	 	WESTERN SURETY COMPANY (WSC)	 	NEW CENTURY FINANCIAL	 	Court	 	14-Sep-04	 	14-Sep-08	 	 	 	 	82,624	 
	92 Howe Baker Engineers
	 	58627877	 	WESTERN SURETY COMPANY (WSC)	 	State of California	 	License/Permit	 	11-Mar-02	 	11-Mar-08	 	 	 	 	12,500	 
	92 Howe Baker Engineers
	 	58627879	 	WESTERN SURETY COMPANY (WSC)	 	State of Washington	 	License/Permit	 	16-Apr-02	 	16-Apr-08	 	 	 	 	12,000	 






 


 









 





Schedule 1.1.4 — Permitted Existing Contingent Obligations

As of September 30, 2007

(Surety Bonds)



CBI outstanding surety bonds as of 9/30/07




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Company ID	 	Bond #	 	ISSUING company	 	BENEFICIARY	 	PURPOSE	 	ISSUED	 	EXPIRY	 	Curr	 	US Dollar	 
	92 Howe Baker Engineers
	 	58637902	 	WESTERN SURETY COMPANY (WSC)	 	California Contractor State Licensing Board	 	License/Permit	 	01-Jan-07	 	01-Jan-08	 	 	 	 	12,500	 
	92 Howe Baker Engineers
	 	CMS215355	 	RLI INSURANCE COMPANY (RLI)	 	State of Wyoming	 	License/Permit	 	31-Mar-05	 	31-Mar-08	 	 	 	 	776,311	 
	92 Howe Baker Engineers
	 	CMS215369	 	RLI INSURANCE COMPANY (RLI)	 	Construction Industries Board, State of Oklahoma	 	License/Permit	 	17-Aug-04	 	17-Aug-08	 	 	 	 	5,000	 
	92 Howe Baker Engineers
	 	K0744414A	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	Oklahoma State Dept of Health	 	License/Permit	 	10-Jul-06	 	10-Jul-08	 	 	 	 	5,000	 
	92 Howe Baker Engineers
	 	TB6407	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	The Clerk of the County of Gloucester	 	Court	 	05-Dec-03	 	05-Dec-07	 	 	 	 	342,042	 
	92 Howe Baker Engineers
	 	TB6408	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	The Clerk of the County of Gloucester	 	Court	 	05-Dec-03	 	05-Dec-07	 	 	 	 	164,513	 
	92 Howe Baker Engineers
	 	TB6410	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	The Clerk of the County of Gloucester	 	Court	 	05-Dec-03	 	05-Dec-07	 	 	 	 	559,895	 
	92 Howe Baker Engineers
	 	TB6413	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	The Clerk of the County of Gloucester	 	Court	 	05-Dec-03	 	05-Dec-07	 	 	 	 	1,907,984	 
	92 Howe Baker Engineers
	 	TB6415	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	The Clerk of the County of Gloucester	 	Court	 	05-Dec-03	 	05-Dec-07	 	 	 	 	674,725	 
	92 Howe Baker Engineers
	 	TB6416	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	The Clerk of the County of Gloucester	 	Court	 	05-Dec-03	 	05-Dec-07	 	 	 	 	500,477	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Sub-total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	5,055,571	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	33 A & B Builders, Ltd
	 	CMS226306	 	RLI INSURANCE COMPANY (RLI)	 	State of Wyoming	 	Payment	 	01-Apr-05	 	01-Apr-08	 	 	 	 	12,000	 
	33 A & B Builders, Ltd
	 	CMS226317	 	RLI INSURANCE COMPANY (RLI)	 	City of Beaumont	 	License/Permit	 	13-Sep-05	 	13-Sep-08	 	 	 	 	15,000	 
	33 A & B Builders, Ltd
	 	CMS226310	 	RLI INSURANCE COMPANY (RLI)	 	State of Louisiana	 	Tax	 	01-Aug-05	 	01-Aug-08	 	 	 	 	5,893,247	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Sub-total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	5,920,247	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	93 Matrix Engineering Ltd
	 	15690166	 	WESTERN SURETY COMPANY (WSC)	 	Secretary of State of Texas, Notary Public Unit	 	Public	 	20-Aug-04	 	20-Aug-08	 	 	 	 	10,000	 
	93 Matrix Engineering Ltd
	 	15690167	 	WESTERN SURETY COMPANY (WSC)	 	Secretary of State of Texas, Notary Public Unit	 	Public	 	01-Aug-04	 	21-Aug-08	 	 	 	 	10,000	 
	93 Matrix Engineering Ltd
	 	15830164	 	WESTERN SURETY COMPANY (WSC)	 	State of Texas	 	Public	 	25-Nov-06	 	25-Nov-10	 	 	 	 	10,000	 
	93 Matrix Engineering Ltd
	 	CMS226309	 	RLI INSURANCE COMPANY (RLI)	 	State of Louisiana - Dept of Revenue	 	Tax	 	01-Aug-05	 	01-Aug-08	 	 	 	 	11,901,472	 
	93 Matrix Engineering Ltd
	 	TB6422	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	J V Industrial  MOB 1177	 	Court	 	08-Dec-03	 	08-Dec-07	 	 	 	 	783,129	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Sub-total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	12,714,601	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	20 CBI Company Ltd
	 	83036024	 	FEDERAL INSURANCE COMPANY (FED)	 	Common Wealth of Puerto Rico,
Department of Treasurery	 	Excise Taxes	 	08-Apr-05	 	04-Oct-07	 	 	 	 	30,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Sub-total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	30,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	42 CBI Americas Limited
	 	83036590	 	FEDERAL INSURANCE COMPANY (FED)	 	Estado Libre Asociado de Puerto Rico	 	License/Permit	 	04-Oct-05	 	04-Oct-07	 	 	 	 	12,125	 
	42 CBI Americas Limited
	 	15838737	 	WESTERN SURETY COMPANY (WSC)	 	State of Texas	 	License/Permit	 	16-Mar-07	 	20-Mar-11	 	 	 	 	10,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Sub-total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	22,125	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	44 CBI Venezolana
	 	8853	 	Venezolano de Credito	 	Orifuels Sinoven, S.A.	 	Performance	 	04-Jun-07	 	30-Jun-09	 	VZB	 	 	528,089	 
	44 CBI Venezolana
	 	8852	 	Venezolano de Credito	 	Orifuels Sinoven, S.A.	 	Labor	 	04-Jun-07	 	31-Dec-09	 	VZB	 	 	264,045	 
	44 CBI Venezolana
	 	8028	 	Venezolano de Credito	 	Orifuels Sinovensa	 	Performance	 	26-Oct-04	 	30-Jun-07	 	VZB	 	 	1,396,109	 
	44 CBI Venezolana
	 	8032	 	Venezolano de Credito	 	Orifuels Sinovensa	 	Labor	 	26-Oct-04	 	30-Jun-07	 	VZB	 	 	698,100	 
	44 CBI Venezolana
	 	8043	 	Venezolano de Credito	 	Operadora Cerro Negro	 	Labor	 	28-Jun-05	 	31-Dec-07	 	VZB	 	 	38,273	 
	44 CBI Venezolana
	 	8044	 	Venezolano de Credito	 	Operadora Cerro Negro	 	Performance	 	28-Jun-05	 	31-Dec-07	 	VZB	 	 	76,545	 
	44 CBI Venezolana
	 	8045	 	Venezolano de Credito	 	Operadora Cerro Negro	 	Performance	 	28-Jun-05	 	31-Dec-07	 	 	 	 	34,239	 
	44 CBI Venezolana
	 	8077	 	Venezolano de Credito	 	Crystallex International	 	Advance Payment	 	21-Jul-05	 	21-Dec-07	 	VZB	 	 	304,501	 
	44 CBI Venezolana
	 	8143	 	Venezolano de Credito	 	Petrolera Zuata Petrozuata	 	Performance	 	14-Sep-05	 	14-Sep-07	 	 	 	 	74,936	 
	44 CBI Venezolana
	 	8144	 	Venezolano de Credito	 	Petrozuata	 	Performance	 	07-Sep-05	 	31-Dec-07	 	VZB	 	 	285,238	 
	44 CBI Venezolana
	 	8177	 	Venezolano de Credito	 	Orifuels Sinovensa	 	Labor	 	30-Sep-05	 	30-Sep-07	 	VZB	 	 	43,250	 
	44 CBI Venezolana
	 	8178	 	Venezolano de Credito	 	Orifuels Sinovensa	 	Performance	 	30-Sep-05	 	30-Sep-07	 	VZB	 	 	86,500	 
	44 CBI Venezolana
	 	8186	 	Venezolano de Credito	 	PDVSA Petroleo	 	Performance	 	03-Oct-05	 	30-Jun-07	 	VZB	 	 	509,670	 
	44 CBI Venezolana
	 	8187	 	Venezolano de Credito	 	PDVSA Petroleo	 	Labor	 	03-Oct-05	 	31-Dec-07	 	VZB	 	 	241,974	 
	44 CBI Venezolana
	 	8193	 	Venezolano de Credito	 	Orifuels Sinovensa	 	Advance Payment	 	06-Oct-05	 	06-Oct-07	 	VZB	 	 	52,003	 
	44 CBI Venezolana
	 	8321	 	Venezolano de Credito	 	PDVSA	 	Performance	 	12-Jan-06	 	31-Dec-07	 	VZB	 	 	623,141	 
	44 CBI Venezolana
	 	8322	 	Venezolano de Credito	 	PDVSA	 	Labor	 	12-Jan-06	 	31-Dec-08	 	VZB	 	 	250,192	 






 


 









 





Schedule 1.1.4 — Permitted Existing Contingent Obligations

As of September 30, 2007

(Surety Bonds)



CBI outstanding surety bonds as of 9/30/07




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Company ID	 	Bond #	 	ISSUING company	 	BENEFICIARY	 	PURPOSE	 	ISSUED	 	EXPIRY	 	Curr	 	US Dollar	 
	44 CBI Venezolana
	 	5100617501086	 	MAPFRE	 	Petrolera Zuata, Petrozuata	 	Performance	 	13-Oct-06	 	13-Oct-08	 	VZB	 	 	924,528	 
	44 CBI Venezolana
	 	5110717500240	 	MAPFRE	 	Construcciones y Montajes Uriman	 	Advance Payment	 	15-Aug-07	 	15-Aug-08	 	VZB	 	 	19,033	 
	44 CBI Venezolana
	 	5100717500825	 	MAPFRE	 	PDVSA	 	Performance	 	09-May-07	 	31-Dec-08	 	VZB	 	 	893,949	 
	44 CBI Venezolana
	 	5100617501317	 	MAPFRE	 	Petrolera Ameriven	 	Performance	 	13-Dec-06	 	13-Dec-07	 	VZB	 	 	44,213	 
	44 CBI Venezolana
	 	510717500145	 	MAPFRE	 	PDVSA	 	Labor	 	05-Sep-07	 	31-Dec-08	 	VZB	 	 	294,528	 
	44 CBI Venezolana
	 	5100717500205	 	MAPFRE	 	Sincrudos de Oriente Sincor, C.A.	 	Performance	 	01-Jan-07	 	01-Jan-08	 	VZB	 	 	79,501	 
	44 CBI Venezolana
	 	5100717500273	 	MAPFRE	 	Construcciones y Montajes Uriman, S.A.	 	Performance	 	01-Jan-07	 	01-Jan-08	 	VZB	 	 	62,811	 
	44 CBI Venezolana
	 	5100717500274	 	MAPFRE	 	Construcciones y Montajes Uriman, S.A.	 	Performance	 	01-Jan-07	 	01-Jan-08	 	VZB	 	 	17,109	 
	44 CBI Venezolana
	 	5110617500324	 	MAPFRE	 	Petrolera Zuata, Petrozuata	 	Advance Payment	 	13-Oct-06	 	13-Oct-07	 	VZB	 	 	731,133	 
	44 CBI Venezolana
	 	5110717500051	 	MAPFRE	 	Orifuels Sinoven, S.A.	 	Advance Payment	 	01-Jan-07	 	01-Jan-08	 	VZB	 	 	792,134	 
	44 CBI Venezolana
	 	5120617500186	 	MAPFRE	 	Petrolera Zuata, Petrozuata	 	Labor	 	13-Oct-06	 	13-Oct-08	 	VZB	 	 	924,528	 
	44 CBI Venezolana
	 	5120617500243	 	MAPFRE	 	Petrolera Ameriven	 	Labor	 	13-Dec-06	 	13-Dec-07	 	VZB	 	 	10,006	 
	44 CBI Venezolana
	 	5120717500042	 	MAPFRE	 	Sincrudos de Oriente Sincor, C.A.	 	Labor	 	01-Jan-07	 	01-Jan-08	 	VZB	 	 	11,370	 
	44 CBI Venezolana
	 	5210717500053	 	MAPFRE	 	Republica Bolivariana de Venezuela	 	License	 	01-Apr-07	 	01-Apr-08	 	VZB	 	 	31,240	 
	44 CBI Venezolana
	 	5210717500054	 	MAPFRE	 	Republica Bolivariana de Venezuela	 	License	 	01-Apr-07	 	01-Apr-08	 	VZB	 	 	84,481	 
	44 CBI Venezolana
	 	5210717500430	 	MAPFRE	 	Vopak Venezuela S.A.	 	Performance	 	01-Apr-07	 	01-Apr-08	 	VZB	 	 	234,668	 
	44 CBI Venezolana
	 	5210717500144	 	MAPFRE	 	PDVSA	 	Performance	 	01-Apr-07	 	01-Apr-08	 	VZB	 	 	465	 
	44 CBI Venezolana
	 	01-16-100719	 	Seguros Mercantil	 	PDVSA	 	Labor	 	15-Nov-02	 	01-Jan-08	 	VZB	 	 	102,489	 
	44 CBI Venezolana
	 	35-16-100097	 	Seguros Mercantil	 	Sincrudos de Oriente Sincor, C.A.	 	Labor	 	01-Jun-02	 	01-Jan-08	 	VZB	 	 	229,229	 
	44 CBI Venezolana
	 	35-16-100098	 	Seguros Mercantil	 	Sincrudos de Oriente Sincor, C.A.	 	Labor	 	01-Jun-02	 	01-Jan-08	 	VZB	 	 	33,302	 
	44 CBI Venezolana
	 	35-16-100099	 	Seguros Mercantil	 	Sincrudos de Oriente Sincor, C.A.	 	Labor	 	01-Jun-02	 	01-Jan-08	 	VZB	 	 	303,104	 
	44 CBI Venezolana
	 	35-16-100100	 	Seguros Mercantil	 	Sincrudos de Oriente Sincor, C.A.	 	Labor	 	01-Jun-02	 	01-Jan-08	 	VZB	 	 	84,682	 
	44 CBI Venezolana
	 	01-16-104528	 	Seguros Mercantil	 	Sincrudos de Oriente Sincor, C.A.	 	Labor	 	01-Jun-02	 	01-Jan-08	 	VZB	 	 	104,190	 
	44 CBI Venezolana
	 	01-16-104527	 	Seguros Mercantil	 	Sincrudos de Oriente Sincor, C.A.	 	Labor	 	01-Jun-02	 	01-Jan-08	 	VZB	 	 	52,095	 
	44 CBI Venezolana
	 	01-16-0101635	 	Seguros Mercantil	 	Petrolera Zuata, Petrozuata,C.A.	 	Labor	 	27-May-04	 	01-Jan-08	 	VEB	 	 	95,939	 
	44 CBI Venezolana
	 	01-16-0101637	 	Seguros Mercantil	 	Petrolera Zuata, Petrozuata,C.A.	 	Advance Payment	 	22-Jun-04	 	01-Jan-08	 	VEB	 	 	10,534	 
	44 CBI Venezolana
	 	01-16-100779	 	Seguros Mercantil	 	Sincrudos de Oriente Sincor, C.A.	 	Labor	 	02-Jul-02	 	01-Jan-08	 	VEB	 	 	86,192	 
	44 CBI Venezolana
	 	01-16-100780	 	Seguros Mercantil	 	PDVSA Sincor	 	Labor	 	11-Jun-02	 	01-Jan-08	 	VEB	 	 	29,848	 
	44 CBI Venezolana
	 	01-16-104012	 	Seguros Mercantil	 	INELECTRA	 	Performance	 	01-Jul-04	 	01-Jan-08	 	VEB	 	 	78,751	 
	44 CBI Venezolana
	 	01-16-100820	 	Seguros Mercantil	 	SENIAT	 	Custom	 	27-Nov-02	 	01-Jan-08	 	VEB	 	 	3,188	 
	44 CBI Venezolana
	 	01-16-104008	 	Seguros Mercantil	 	INELECTRA	 	Performance	 	17-May-04	 	31-Dec-07	 	VZB	 	 	48,501	 
	44 CBI Venezolana
	 	01-16-104011	 	Seguros Mercantil	 	INELECTRA	 	Performance	 	17-May-04	 	31-Dec-07	 	VZB	 	 	48,501	 
	44 CBI Venezolana
	 	01-16-104056	 	Seguros Mercantil	 	Operadora Cerro Negro	 	Advance Payment	 	21-May-04	 	01-Jan-08	 	VZB	 	 	93,478	 
	44 CBI Venezolana
	 	01-16-104058	 	Seguros Mercantil	 	Operadora Cerro Negro	 	Performance	 	21-May-04	 	01-Jan-08	 	VZB	 	 	93,478	 
	44 CBI Venezolana
	 	01-16-104059	 	Seguros Mercantil	 	Operadora Cerro Negro	 	Advance Payment	 	21-May-04	 	01-Jan-08	 	 	 	 	105,388	 
	44 CBI Venezolana
	 	01-16-104060	 	Seguros Mercantil	 	Operadora Cerro Negro	 	Performance	 	21-May-04	 	01-Jan-08	 	 	 	 	105,388	 
	44 CBI Venezolana
	 	01-16-104097	 	Seguros Mercantil	 	Operadora Cerro Negro	 	Labor	 	27-May-04	 	01-Jan-08	 	VZB	 	 	46,739	 
	44 CBI Venezolana
	 	01-16-104230	 	Seguros Mercantil	 	Petrolera Ameriven	 	Advance Payment	 	22-Jun-04	 	01-Jan-08	 	VZB	 	 	122,830	 
	44 CBI Venezolana
	 	01-16-104295	 	Seguros Mercantil	 	Petrolera Ameriven	 	Performance	 	01-Jul-04	 	01-Jan-08	 	VZB	 	 	122,830	 
	44 CBI Venezolana
	 	01-16-104296	 	Seguros Mercantil	 	Petrolera Ameriven	 	Performance	 	01-Jul-04	 	01-Jan-08	 	 	 	 	112,838	 
	44 CBI Venezolana
	 	01-16-104297	 	Seguros Mercantil	 	Petrolera Ameriven	 	Labor	 	01-Jul-04	 	30-Jun-07	 	VZB	 	 	61,415	 
	44 CBI Venezolana
	 	01-16-105380	 	Seguros Mercantil	 	INELECTRA,S.A.	 	Performance	 	14-Dec-04	 	01-Jan-08	 	VZB	 	 	100,567	 
	44 CBI Venezolana
	 	01-16-105384	 	Seguros Mercantil	 	Aduana Guanta	 	Custom	 	14-Nov-04	 	01-Jan-08	 	VZB	 	 	84,956	 
	44 CBI Venezolana
	 	01-16-105385	 	Seguros Mercantil	 	Inelectra	 	Labor	 	14-Dec-04	 	01-Jan-08	 	VZB	 	 	72,408	 
	44 CBI Venezolana
	 	01-16-105415	 	Seguros Mercantil	 	Aduana de Guanta	 	Custom	 	14-Dec-04	 	30-Jun-07	 	VZB	 	 	44,986	 
	44 CBI Venezolana
	 	01-16-105671	 	Seguros Mercantil	 	Aduana Principal	 	Performance	 	16-Feb-05	 	01-Jan-08	 	VZB	 	 	49,637	 
	44 CBI Venezolana
	 	01-16-105943	 	Seguros Mercantil	 	Operadora Cerr	 	Advance Payment	 	15-Apr-05	 	01-Jan-08	 	VZB	 	 	14,387	 
	44 CBI Venezolana
	 	01-16-105944	 	Seguros Mercantil	 	Operadora Cerr	 	Advance Payment	 	15-Apr-05	 	01-Jan-08	 	 	 	 	29,730	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Sub-total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	13,234,104	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	55 Horton CBI, Ltd
	 	M413771	 	ACE INA INSURANCE (ACE)	 	Canadian Customs	 	Custom	 	27-Oct-06	 	27-Oct-07	 	CAD	 	 	5,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Sub-total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	5,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	TOTAL	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	222,794,597