exv10w16wc





Exhibit 10.16(c)





EXHIBIT A-1




TO




SECOND AMENDED AND RESTATED CREDIT AGREEMENT




Commitments




	 	 	 	 	 
	Name of Lender	 	Commitment	 
	JPMorgan Chase Bank, National Association
	 	$	62,250,000	 
	Bank of America, N.A.
	 	$	62,250,000	 
	Bank of Montreal
	 	$	54,000,000	 
	The Royal Bank of Scotland plc
	 	$	54,000,000	 
	Wells Fargo Bank, National Association
	 	$	54,000,000	 
	BNP Paribas
	 	$	54,000,000	 
	Fortis Capital Corp.
	 	$	50,000,000	 
	Calyon New York Branch
	 	$	50,000,000	 
	PNC Bank, National Association
	 	$	35,000,000	 
	UBS Loan Finance LLC
	 	$	35,000,000	 
	Credit Suisse First Boston, acting through its Cayman Islands
Branch
	 	$	32,500,000	 
	Regions Bank
	 	$	30,000,000	 
	The Northern Trust Company
	 	$	27,500,000	 
	Allied Irish Bank, PLC
	 	$	25,000,000	 
	Abu Dhabi International Bank Inc.
	 	$	25,000,000	 
	Amegy Bank National Association
	 	$	25,000,000	 
	Arab Banking Corporation
	 	$	20,000,000	 
	Bank of Texas, N.A.
	 	$	20,000,000	 
	The Bank of New York
	 	$	20,000,000	 






 


 









 





	 	 	 	 	 
	Name of Lender	 	Commitment	 
	Capital One, N.A.
	 	$	20,000,000	 
	Wood Forest National Bank
	 	$	20,000,000	 
	Standard Chartered Bank
	 	$	20,000,000	 
	Compass Bank
	 	$	20,000,000	 
	TOTAL
	 	$	850,000,000	 







 


2









 







EXHIBIT A-2




TO




AMENDED AND RESTATED CREDIT AGREEMENT




Issuing Banks




JPMorgan Chase Bank, National Association




Bank of America, N.A.




Bank of Montreal




Wells Fargo Bank, National Association




BNP Paribas




The Royal Bank of Scotland plc




Calyon New York Branch




Fortis Capital Corp.




PNC Bank National Association




Abu Dhabi International Bank Inc.




Standard Chartered Bank





 


 









 







EXHIBIT A-3




TO




AMENDED AND RESTATED CREDIT AGREEMENT




Mandatory Cost





	1.	 	The Mandatory Cost is an addition to the interest rate to compensate Lenders for the cost of
compliance with (a) the requirements of the Bank of England and/or the Financial Services
Authority (or, in either case, any other authority which replaces all or any of its functions)
or (b) the requirements of the European Central Bank.

	 
	2.	 	On the first day of each Interest Period (or as soon as possible thereafter) the
Administrative Agent shall calculate, as a percentage rate, a rate (the “Associated Costs
Rate”) for each Lender, in accordance with the paragraphs set out below. The Mandatory
Cost will be calculated by the Administrative Agent as a weighted average of the Lenders’
Associated Costs Rates (weighted in proportion to the percentage participation of each Lender
in the relevant Loan) and will be expressed as a percentage rate per annum.

	 
	3.	 	The Associated Costs Rate for any Lender lending from a Facility Office in a Participating
Member State will be the percentage notified by that Lender to the Administrative Agent. This
percentage will be certified by that Lender in its notice to the Administrative Agent to be
its reasonable determination of the cost (expressed as a percentage of that Lender’s
participation in all Loans made from that Facility Office) of complying with the minimum
reserve requirements of the European Central Bank in respect of loans made from that Facility
Office.

	 
	4.	 	The Associated Costs Rate for any Lender lending from a Facility Office in the United Kingdom
will be calculated by the Administrative Agent as follows:







	 	(a)	 	in relation to a Loan in Pounds Sterling:







	 	 	 	AB + C(B - D) + E x 0.01	  per cent. per annum

	 	 	 	100 - (A + C)






	 	(b)	 	in relation to a Loan in any currency other than Pounds Sterling:









	 	 	 	E x 0.01	  per cent. per annum

	 	 	 	300









	 	 	Where:







	 	A	 	is the percentage of Eligible Liabilities (assuming these to be in excess of any
stated minimum) which that Lender is from time to time required to maintain as an
interest free cash ratio deposit with the Bank of England to comply with cash ratio
requirements.





 


 









 











	 	B	 	 is the percentage rate of interest (excluding the Applicable Eurodollar Margin
and the Mandatory Cost and, if the Loan is an Unpaid Sum, the additional rate of
interest specified in Section 2.13(c) payable for the relevant Interest Period on the
Loan.

	 
	 	C 	 	is the percentage (if any) of Eligible Liabilities which that Lender is required
from time to time to maintain as interest bearing Special Deposits with the Bank of
England.

	 
	 	D	 	 is the percentage rate per annum payable by the Bank of England to the
Administrative Agent on interest bearing Special Deposits.

	 
	 	E	 	is designed to compensate Lenders for amounts payable under the Fees Rules and is
calculated by the Administrative Agent as being the average of the most recent rates of
charge supplied by the Reference Banks to the Administrative Agent pursuant to paragraph
7 below and expressed in pounds per £1,000,000.







	5.	 	For the purposes of this Schedule:







	 	(a)	 	“Eligible Liabilities” and “Special Deposits” have the meanings given to them
from time to time under or pursuant to the Bank of England Act 1998 or (as may be
appropriate) by the Bank of England;

	 
	 	(b)	 	“Facility Office” means the office or offices notified by a Lender to the
Administrative Agent in writing on or before the date it becomes a Lender (or, following
that date, by not less than five Business Days’ written notice) as the office or offices
through which it will perform its obligations under this Agreement.

	 
	 	(c)	 	“Fees Rules” means the rules on periodic fees contained in the FSA Supervision
Manual or such other law or regulation as may be in force from time to time in respect
of the payment of fees for the acceptance of deposits;

	 
	 	(d)	 	“Fee Tariffs” means the fee tariffs specified in the Fees Rules under the
activity group A.1 Deposit acceptors (ignoring any minimum fee or zero rated fee
required pursuant to the Fees Rules but taking into account any applicable discount
rate);

	 
	 	(e)	 	“Participating Member State” means any member state of the European Union that
adopts or has adopted the euro as its lawful currency in accordance with legislation of
the European Union relating to economic and monetary union.

	 
	 	(f)	 	“Reference Banks” means, in relation to Mandatory Cost, the principal London
offices of JPMorgan Chase Bank, National Association

	 
	 	(g)	 	“Tariff Base” has the meaning given to it in, and will be calculated in
accordance with, the Fees Rules.

	 
	 	(h)	 	“Unpaid Sum” means any sum due and payable but unpaid by the relevant Borrower
under the Loan Documents.





 


5









 











	6.	 	In application of the above formulae, A, B, C and D will be included in the formulae as
percentages (i.e. 5 per cent. will be included in the formula as 5 and not as 0.05). A
negative result obtained by subtracting D from B shall be taken as zero. The resulting
figures shall be rounded to four decimal places.

	 
	7.	 	If requested by the Administrative Agent, each Reference Bank shall, as soon as practicable
after publication by the Financial Services Authority, supply to the Administrative Agent, the
rate of charge payable by that Reference Bank to the Financial Services Authority pursuant to
the Fees Rules in respect of the relevant financial year of the Financial Services Authority
(calculated for this purpose by that Reference Bank as being the average of the Fee Tariffs
applicable to that Reference Bank for that financial year) and expressed in pounds per
£1,000,000 of the Tariff Base of that Reference Bank.

	 
	8.	 	Each Lender shall supply any information required by the Administrative Agent for the purpose
of calculating its Associated Costs Rate. In particular, but without limitation, each Lender
shall supply the following information on or prior to the date on which it becomes a Lender:







	 	(i)	 	the jurisdiction of its Facility Office; and

	 
	 	(j)	 	any other information that the Administrative Agent may reasonably require for
such purpose.





Each Lender shall promptly notify the Administrative Agent of any change to the information
provided by it pursuant to this paragraph.





	9.	 	The percentages of each Lender for the purpose of A and C above and the rates of charge of
each Reference Bank for the purpose of E above shall be determined by the Administrative Agent
based upon the information supplied to it pursuant to paragraphs 7 and 8 above and on the
assumption that, unless a Lender notifies the Administrative Agent to the contrary, each
Lender’s obligations in relation to cash ratio deposits and Special Deposits are the same as
those of a typical bank from its jurisdiction of incorporation with a Facility Office in the
same jurisdiction as its Facility Office.

	 
	10.	 	The Administrative Agent shall have no liability to any person if such determination results
in an Associated Costs Rate which over or under compensates any Lender and shall be entitled
to assume that the information provided by any Lender or Reference Bank pursuant to paragraphs
3, 7 and 8 above is true and correct in all respects.

	 
	11.	 	The Administrative Agent shall distribute the additional amounts received as a result of the
Mandatory Cost to the Lenders on the basis of the Associated Costs Rate for each Lender based
on the information provided by each Lender and each Reference Bank pursuant to paragraphs 3, 7
and 8 above.





 


6









 











	12.	 	Any determination by the Administrative Agent pursuant to this Schedule in relation to a
formula, the Mandatory Cost, an Associated Costs Rate or any amount payable to a Lender shall,
in the absence of manifest error, be conclusive and binding on all parties hereto.





The Administrative Agent may from time to time, after consultation with the relevant Borrower and
the relevant Lenders, determine and notify to all parties hereto any amendments which are required
to be made to this Schedule in order to comply with any change in law, regulation or any
requirements from time to time imposed by the Bank of England, the Financial Services Authority or
the European Central Bank (or, in any case, any other authority which replaces all or any of its
functions) and any such determination shall, in the absence of manifest error, be conclusive and
binding on all parties hereto.





 


7










 




EXHIBIT B




TO




SECOND AMENDED AND RESTATED CREDIT AGREEMENT




Form of Borrowing/Election Notice





	TO:	 	JPMorgan Chase Bank, National Association, as contractual representative (the
“Administrative Agent”) under that certain Second Amended and Restated Credit
Agreement dated as of October 13, 2006 by and among Chicago Bridge & Iron Company N.V., the
Subsidiary Borrowers from time to time parties thereto, 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
“Credit Agreement”).





The undersigned Borrower hereby gives to the Administrative Agent [and the Swing Line Bank] a
[Borrowing/Election Notice pursuant to Section 2.2] [a Borrowing/Election Notice pursuant
to Section 2.7] [Borrowing/Election Notice pursuant to Section 2.9(D)] of the
Credit Agreement, and such Borrower hereby requests to [borrow] [convert] [continue] on
                               ,            (the “Borrowing Date”) from the Lenders on a pro rata basis
an aggregate principal amount of:







	 	(a)	 	[US $_______________] in Revolving Loans as a









	 	o	 	Floating Rate Advance
	 
	 	o	 	Eurodollar Rate Advance






	 	•	 	Applicable Interest Period of
 _____ 

month(s).






	 	(b)	 	$
 ___________________ 

in Swing Line Loans as a Floating Rate Advance.





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 Credit
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 Credit Agreement affecting transactions permitted by or not in
violation of the Credit Agreement; (ii) no Default or Unmatured Default has occurred and is
continuing on the date hereof or on the Borrowing Date or will result from the making of the
proposed Advance; and (iii) the conditions set forth in Sections 5.2 and 5.3, as
applicable, of the Credit Agreement have been satisfied.


 


 









 





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



Dated
 ____________ ____,



	 	 	 	 	 
	 	[CHICAGO BRIDGE & IRON COMPANY N.V.]
[SUBSIDIARY BORROWER]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 




 


2









 







EXHIBIT C




TO




SECOND AMENDED AND RESTATED CREDIT AGREEMENT




Form of Request for Letter of Credit





	TO: 	 	
____________________1, an Issuing Bank under that
certain Second Amended and Restated Credit Agreement dated as of October 13,
2006 by and among Chicago Bridge & Iron Company N.V., the Subsidiary Borrowers
from time to time parties thereto, 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
“Credit Agreement”)
and





JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Administrative Agent

JPMorgan Securities Inc.

707 Travis Street

Houston, Texas 77002

Attn: Loretta Herbert

Telecopier: (713) 216-7500

Confirmation: (713) 216-1473




Pursuant to Section 3.4 of the Credit Agreement, the undersigned Borrower hereby gives
to the Issuing Bank a request for issuance of a [Financial][Performance]Letter of Credit on behalf
of such Borrower for the benefit of
 ________________2, in the amount
of [US $
 _____][_____ 

in the following Agreed Currency:
 _____], with an
effective date of
 _____,
 _____ 

(the “Effective Date”) and an expiry date of
 _____,

 _____.



The undersigned hereby certifies that (i) the representations and warranties of the
undersigned contained in Article VI of the Credit Agreement are and shall be true and correct on
and as of the date hereof and on and as of the Effective 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 Credit Agreement
affecting transactions permitted by or not in violation of the Credit Agreement; (ii) no Default or
Unmatured Default has occurred and is continuing on the date hereof or on the Effective Date or
will result from the issuance of the proposed Letter of Credit; and (iii) the conditions set forth
in Sections 3.4, 5.2 and 5.3 of the Credit Agreement have been satisfied.





 






	 	 	 
	1	 	Insert name of Issuing Bank.
	 
	2	 	Insert name of beneficiary (which may include a
Subsidiary).



 


 









 









Unless otherwise defined herein, terms defined in the Credit Agreement shall have the same
meanings in this Request for Letter of Credit.




	 	 	 	 	 
	 	Dated
 ____________ __,

[CHICAGO BRIDGE & IRON COMPANY N.V.]

[SUBSIDIARY BORROWER]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 




 


2









 







EXHIBIT D




TO




SECOND AMENDED AND RESTATED CREDIT 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 an Amended and Restated Credit
Agreement (which, as it may be amended, modified, renewed or extended from time to time is herein
called the “Credit 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 Credit 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 Credit 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 Credit 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 Credit 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.


 


 









 





(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 Credit 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


 


2









 




to make the purchase and assumption hereunder are “plan assets” as defined under 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, (x) confirms, to the extent required under the Dutch Banking
Act and the Dutch Exemption Regulation, it is a PMP, (xi) confirms it is aware that it does not
benefit from the protection offered by the Dutch Banking Act to Lenders which are not PMPs, and
(xii) 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 Credit 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.




 


3











 




SCHEDULE 1

To Assignment Agreement




1. Description and Date of Credit Agreement. That certain Second Amended and Restated
Credit Agreement, dated as of October 13, 2006, by and among Chicago Bridge & Iron Company N.V.,
the Subsidiary Borrowers from time to time parties thereto, 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):
	 	$                               
	 
	 	 	 	 
	 

	 	 	 	[Facility Name*]
	 
	 	 	 	 
	 

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

	 	Amount of each 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
	 
	 	 
	[NAME OF BORROWER]

	 	JPMORGAN CHASE BANK,
	 

	 	NATIONAL ASSOCIATION, AS
	 

	 	ADMINISTRATIVE AGENT
	 
	 	 
	By:

	 	By:
	Title:

	 	Title:







	*	 	Insert specific facility names per Credit Agreement
	 
	**	 	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




SECOND AMENDED AND RESTATED CREDIT AGREEMENT




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




Attached



 


 









 





EXHIBIT E-2




TO




SECOND AMENDED AND RESTATED CREDIT AGREEMENT




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




Attached



 


 









 





EXHIBIT E-3




TO




SECOND AMENDED AND RESTATED CREDIT AGREEMENT




List of Closing Documents



 


 









 





EXHIBIT E-4




TO




SECOND AMENDED AND RESTATED CREDIT AGREEMENT




Form of Counsel’s Opinion for Subsidiary Borrowers




See Exhibit E-1



 


 









 





EXHIBIT F




TO




SECOND AMENDED AND RESTATED CREDIT 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 Second Amended and Restated Credit Agreement dated as of
October 13, 2006 by and among the Company, the Subsidiary Borrowers from time to time parties
thereto, 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 “Credit 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 respective
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




SECOND AMENDED AND RESTATED CREDIT AGREEMENT




Form of Compliance Certificate





Pursuant to [Section 5.3] [Section 7.1(A)(iii)] of that certain Second Amended
and Restated Credit Agreement dated as of October 13, 2006 by and among Chicago Bridge & Iron
Company N.V. (the “Company”), the Subsidiary Borrowers from time to time parties thereto
(together with the Company, collectively, the “Borrowers”), 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 “Credit 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 Credit 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 Credit Agreement.
Subsection references herein relate to subsections of the Credit Agreement.




THE UNDERSIGNED HEREBY CERTIFIES THAT:


1. I am the duly elected                      of the Company;




2. I have reviewed the terms of the Credit Agreement and I have made, or have caused to be made
under my supervision, a detailed review of the transactions and conditions of the Borrowers and
their respective 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 Borrowers’
compliance with certain covenants of the Credit 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 other Borrowers 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 Borrowers and their respective 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)
	 	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 (i) $396,419,000, plus fifty percent (50%) of the sum
of Net Income (if positive) calculated separately for each
fiscal quarter commencing with the fiscal quarter ending on
September 30, 2006, 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, 2006 minus (ii) 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: $50,000,000]
	 	$                    
	 
	 	 	 	 
	(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: $20,000,000]	 	 
	 
	 	 	 	 
	(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 Subsidiary Guaranty.
	 





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






 


 









 





EXHIBIT H




TO




SECOND AMENDED AND RESTATED CREDIT AGREEMENT




Form of Subsidiary Guaranty




Attached





 


 











 




EXHIBIT I




TO




SECOND AMENDED AND RESTATED CREDIT AGREEMENT




Form of Revolving Loan Note




			
	 	 	 
	$                    
	 	Chicago, Illinois

[DATE]
	 	 	 






FOR VALUE RECEIVED, the undersigned, CHICAGO BRIDGE & IRON COMPANY N.V., a corporation
organized under the laws of the Kingdom of the Netherlands (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 amount of all “Revolving Loans” (as defined in the Credit Agreement
referred to below) made by the Lender to such Borrower pursuant to the “Credit Agreement” (as
defined below), on the “Termination Date” (as such term is defined in the Credit Agreement) or on
such earlier date as may be required by the terms of the Credit Agreement. Capitalized terms used
herein and not otherwise defined herein are as defined in the Credit Agreement.



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



At the time of each Revolving Loan, and upon each payment or prepayment of principal of each
Revolving 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
Revolving 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 Revolving Loan, as applicable;
provided that the failure of the Lender to make any such recordation or notation shall not
affect the Obligations of the undersigned Borrower hereunder or under the Credit Agreement.



This Revolving Loan Note is one of the promissory notes referred to in, and is entitled to the
benefits of, that certain Second Amended and Restated Credit Agreement dated as of October 13, 2006
by and among Chicago Bridge & Iron Company N.V., the Subsidiary Borrowers from time to time parties
thereto (collectively, the “Borrowers”), 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
“Credit Agreement”). The Credit Agreement, among other things, (i) provides for the making
of Revolving Loans by the Lender to the undersigned Borrower and the other Borrowers under the
Credit Agreement from time to time in an aggregate amount not to exceed at any time outstanding the
Dollar Amount first above mentioned, the indebtedness of the undersigned Borrower resulting from
each such Revolving Loan to it being evidenced by this Revolving Loan 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 Revolving Loan 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 Revolving Loan 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 Revolving Loan 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 N.V.,

as the Borrower

 	 
	 	By:  	CHICAGO BRIDGE & IRON COMPANY B.V.
 	 
	 	Its:	Managing Director 	 
	 	 	 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	Managing Director 	 



 


2









 






SCHEDULE OF REVOLVING LOANS AND PAYMENTS OR PREPAYMENTS




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






 


 









 





EXHIBIT J




TO




SECOND AMENDED AND RESTATED CREDIT AGREEMENT




Form of Assumption Letter




                    , 20     




To the Administrative Agent and the Lenders party to the

Credit Agreement referred

to below



Ladies and Gentlemen:




Reference is made to that certain Second Amended and Restated Credit Agreement dated as of
October 13, 2006 by and among Chicago Bridge & Iron Company N.V., the Subsidiary Borrowers from
time to time parties thereto, 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 “Credit
Agreement”). Terms defined in the Credit Agreement and used herein are used herein as defined
therein.



The undersigned,                      (the “Subsidiary”), a                      [corporation], wishes
to become a “Subsidiary Borrower” under the Credit Agreement, and accordingly hereby agrees that
from the date hereof it shall become a “Subsidiary Borrower” under the Credit Agreement and agrees
that from the date hereof and until the payment in full of the principal of and interest on all
Advances made to it under the Credit Agreement and performance of all of its other obligations
thereunder, and termination hereunder of its status as a “Subsidiary Borrower” as provided below,
it shall perform, comply with and be bound by each of the provisions of the Credit Agreement which
are stated to apply to a “Borrower” or a “Subsidiary Borrower.” Without limiting the generality of
the foregoing, the Subsidiary hereby represents and warrants that: (i) each of the representations
and warranties set forth in Sections 6.1, 6.2, 6.3 and 6.18 of the
Credit Agreement is hereby made by such Subsidiary on and as of the date hereof as if made on and
as of the date hereof and as if such Subsidiary is the “Borrower” and this Assumption Letter is the
“Agreement” referenced therein, and (ii) it has heretofore received a true and correct copy of the
Credit Agreement (including any modifications thereof or supplements or waivers thereto) as in
effect on the date hereof. In addition, the Subsidiary hereby authorizes each of the Borrowers to
act on its behalf as and to the extent provided for in Article II of the Credit Agreement in
connection with the selection of Types and Interest Periods for Advances and the conversion and
continuation of Advances.



So long as the principal of and interest on all Advances made to the Subsidiary Borrower under
the Credit Agreement shall have been repaid or paid in full, all Letters of Credit issued for the
account of the Subsidiary Borrower have expired or been returned and terminated and all other
obligations of the Subsidiary Borrower under this Agreement shall have been fully performed, the
Company may, by not less than five Business Days’ prior notice to the Administrative Agent (who
shall promptly notify the Lender thereof) terminate its status as a “Subsidiary Borrower.”


 


 









 





CHOICE OF LAW. THIS ASSUMPTION LETTER SHALL BE CONSTRUED IN ACCORDANCE WITH THE
INTERNAL LAWS (INCLUDING 735 ILCS 105/5-1 ET SEQ. BUT OTHERWISE WITHOUT REGARD TO CONFLICTS OF LAW
PROVISIONS) OF THE STATE OF ILLINOIS, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL
BANKS.



IN WITNESS WHEREOF, the Subsidiary has duly executed and delivered this Assumption Letter as
of the date and year first above written.



	 	 	 	 	 
	 	[Name of Subsidiary Borrower]

 	 
	 	By:  	 	 
	 	 	Title: 	 	 
	 	 	Address for Notices under the Credit Agreement: 	 
	 



Consented to:

CHICAGO BRIDGE & IRON COMPANY N.V.

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




	 	 	 	 	 
	 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 



 


2









 






EXHIBIT K




TO




SECOND AMENDED AND RESTATED CREDIT AGREEMENT




Form of Designation Agreement




Dated                     , 20     





Reference is made to the Second Amended and Restated Credit Agreement dated as of October 13,
2006 (as amended or otherwise modified from time to time, the “Credit Agreement”) among
Chicago Bridge & Iron Company N.V., a corporation organized under the laws of the Kingdom of the
Netherlands (the “Company”), the Subsidiary Borrowers from time to time party thereto
(together with the Company, collectively, the “Borrowers”), the lenders from time to time
party thereto (the “Lenders”), and JPMorgan Chase Bank, National Association, as
Administrative Agent, ___________. Terms defined in the Credit Agreement are used herein as
therein defined.



                     (the “Designating Lender”),                      (the “Designated Lender”),
and the Company, on behalf of itself and the other Borrowers, 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 Credit Agreement.
	 
	2.	 	The Designating Lender makes no representations or warranty and assumes no responsibility
with respect to the financial condition of the Borrowers or the performance or observance by
the Borrowers of any of its obligations under the Credit Agreement or any other instrument or
document furnished pursuant thereto.
	 
	3.	 	The Designated Lender (i) confirms that it has received a copy of the Credit 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 Credit 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 Credit Agreement and to
deliver and receive all communications and notices under the Credit 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 Credit
Agreement (except as permitted under Section 14.4 and Section 14.5 thereof);
(vi) confirms, to the extent required under the Dutch Banking Act and the Dutch Exemption
Regulation, it is a PMP, (vii) confirms it is aware that it does not benefit from the
protection offered by the Dutch Banking Act to Lenders which are not PMPs and (viii)
acknowledges that the Designating Lender retains the sole right and responsibility to vote
under the Credit Agreement, including, without limitation, the right to approve any amendment,
modification or waiver of any provision of the Credit 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 Credit 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 Credit 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 Credit 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 Date3:




	 	 	 	 	 
	 	[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:  	 	 
	 





 




	 	 	 
	3	 	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









 






EXHIBIT L




TO




SECOND AMENDED AND RESTATED CREDIT AGREEMENT




Form of Commitment and Acceptance




Dated                , 20       





Reference is made to the Second Amended and Restated Credit Agreement dated as of October 13,
2006 among Chicago Bridge & Iron Company N.V., a corporation organized under the law of the Kingdom
of the Netherlands (the “Company”), the Subsidiary Borrowers from time to time party
thereto (together with the Company, collectively, the “Borrowers”), the financial
institutions party thereto (the “Lenders”) and JPMorgan Chase Bank, National Association,
as contractual representative for the Lenders (the “Administrative Agent”) (as the same may
be amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”). Terms defined in the Credit Agreement are used herein with the same meaning.



Pursuant to Section 2.5(C) of the Credit Agreement, the Company has requested an
increase in the Aggregate Commitment from $                     to $                    . Such increase in the
Aggregate Commitment is to become effective on the date (the “Effective Date”) which is the
later of (i)                     ,       and (ii) the date on which the conditions precedent set forth in
Section 2.5(C) in respect of such increase have been satisfied. In connection with such
requested increase in the Aggregate Commitment, the Borrowers, the Administrative Agent and
                        (the “Accepting Bank”) hereby agree as follows:



1. Effective as of the Effective Date, [the Accepting Bank shall become a party to the Credit
Agreement as a Lender and shall have all of the rights and obligations of a Lender thereunder and
shall thereupon have a Commitment under and for purposes of the Credit Agreement in an amount equal
to the] [the Commitment of the Accepting Bank under the Credit Agreement shall be increased from
$                     to the] amount set forth opposite the Accepting Bank’s name on the signature page
hereof.



[2. The Accepting Bank hereby (i) confirms that it has received a copy of the Credit
Agreement, together with copies of the financial statements and such other documents and
information as it has deemed appropriate to make its own credit analysis and decision to enter into
this Commitment and Acceptance Agreement; (ii) agrees that it will, independently and without
reliance upon the Administrative Agent 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 action under the Credit Agreement; (iii) appoints and authorizes the
Administrative Agent to take such action as contractual representative on its behalf and to
exercise such powers under the Credit Agreement and the other Loan Documents as are delegated to
the Administrative Agent by the terms thereof, together with such powers as are reasonably
incidental thereto; (iv) confirms, to the extent required under the Dutch Banking Act and the Dutch
Exemption Regulation, it is a PMP, (v) confirms it is aware that it does not benefit from the
protection offered by the Dutch Banking Act to Lenders which are not PMPs and (vi) agrees that it
will perform in accordance with their terms all of the obligations which by the terms of the Credit
Agreement are required to be performed by it as a Lender]


 


4









 





3. The Company on behalf of all of the Borrowers hereby represents and warrants that as of the
date hereof and as of the Effective Date, no event shall have occurred and then be continuing which
constitutes a Default or an Unmatured Default.



4. THIS COMMITMENT AND ACCEPTANCE AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED 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.



5. This Commitment and Acceptance Agreement may be executed in one or more counterparts, each
of which shall be deemed an original, but all of which taken together shall constitute one and the
same instrument.



IN WITNESS WHEREOF, the parties hereto have caused this Commitment and Acceptance Agreement to
be executed by their respective officers thereunto duly authorized, as of the date first above
written.



	 	 	 	 	 
	 	CHICAGO BRIDGE & IRON COMPANY N.V.

 	 
	 	By:  	Chicago Bridge & Iron Company B.V.,
 	 
	 	 	its Managing Director 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Title:  	 	 
	 
	 	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Administrative Agent

 	 
	 	By:  	 	 
	 	 	Title:  	 	 
	 
	COMMITMENT	ACCEPTING BANK


 	 
	$ ___________ 

	[BANK]





	 	By:  	
 	 
	 	 	Title:  	 	 



 


5










 




	 	 	 	 	 



Reaffirmations of Guarantors





Each of the undersigned hereby acknowledges receipt of the foregoing Commitment and
Acceptance. Capitalized terms used in this Reaffirmation and not defined herein shall have the
meanings given to them in the Credit Agreement referred to in the foregoing Commitment and
Acceptance. Without in any way establishing a course of dealing by the Administrative Agent or any
Lender, the undersigned reaffirms the terms and conditions of the Guaranty dated as of August 22,
2003 executed by it and acknowledges and agrees that such Guaranty and each and every other Loan
Document executed by the undersigned in connection with the Credit Agreement remain in full force
and effect and are hereby ratified, reaffirmed and confirmed. All references to the Credit
Agreement contained in the above-referenced documents shall be a reference to the Credit Agreement
as so amended by the Commitment and Acceptance and as the same may from time to time hereafter be
amended, modified or restated. The failure of any Guarantor to sign this Reaffirmation shall not
release, discharge or otherwise affect the obligations of any of the Guarantors hereunder or under
the Guaranty.



[SIGNATURE BLOCKS FOR GUARANTORS]





 


6











 





Chicago Bridge & Iron Company N.V.

Polarisavenue 31

2132 JH Hoofddorp

The Netherlands









Mail to: P.O. Box 2043

2130 GE Hoofddorp

The Netherlands

Tel: +31 23 568 5660

Fax: +31 23 568 5661

www.CBlepc.com

KVK Amsterdam 33286441




October 0, 2006




Each of the Lenders party

     to the Credit Agreement

     referred to below

JPMorgan Chase Bank, National Association

     as Administrative Agent




     Re: Chicago Bridge & Iron Company N.V.



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”), each of the “Foreign Subsidiaries” (as
defined below) and each of the “Domestic Subsidiaries” (as defined below), in connection
with the execution and delivery of the Second Amended and Restated Credit Agreement dated
as of October 1, 2006 (the “Credit Agreement”) among the Company, the
Subsidiaries (as defined below), 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 Credit Agreement.
Capitalized terms used herein without definition have the meanings specified in the Credit
Agreement.



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




	 	(i)	 	The Credit Agreement;
	 
	 	(ii)	 	The Reaffirmation dated October 13, 2006 executed and delivered by
the Company and the Subsidiary Guarantors pursuant to Section 5.1 (vi) of the
Credit Agreement; and
	 
	 	(iii)	 	Each promissory note, if any, executed and delivered pursuant to
Section 2.12(D) of the Credit Agreement on the date hereof.





Engineering • Procurement • Construction Since 1889




 









 





October 3, 2006

Page 2









     The documents referred to in clauses (i), (ii) and (iii) above are collectively
referred to herein as the “Loan Documents.” The Foreign Subsidiary Borrowers and the
Domestic Subsidiary Borrowers executing and delivering the Credit Agreement on the date
hereof are listed on Annex A attached hereto and are sometimes referred to herein
respectively as the “Foreign Subsidiaries” and as the “Domestic Subsidiaries” and
collectively as the “Subsidiaries.”



     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 Subsidiaries on original copies of the Loan Documents; (ii) the conformity to the
original documents of all documents submitted to me as copies and the 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), the Foreign Subsidiaries (solely with respect to
execution and delivery) and the Domestic Subsidiaries and (iv) the validity and
enforceability of the Loan Documents against each of the parties thereto other than the
Company and the Subsidiaries;



     (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 the Foreign Subsidiaries, and with respect to clauses (I), (ii) and (iii)
below, as applicable to each of the Domestic Subsidiaries 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.



 









 





October 3, 2006

Page 3









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



     1. Each Domestic Subsidiary 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 Credit Agreements.



     2. The execution, delivery and performance of each Loan Document by the Company, each
Foreign Subsidiary Borrower and each Domestic Subsidiary Borrower on the date hereof, and the
borrowings thereunder to be made on the date hereof by each Domestic Subsidiary Borrower, (a)
have been duly authorized by all requisite corporate action of such Domestic Subsidiary and
(b) with respect to the following clauses (i)(B), (i)(C), (ii) and (iii) as applicable to the
Company and the Foreign Subsidiaries and for all of the following clauses (i), (ii) and (iii)
as applicable to the Domestic Subsidiaries will not (i) violate (A) any provision of the
certificate of incorporation or by-laws of such Domestic Subsidiary, (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 any
such Domestic Subsidiary Borrower or its 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 any such Subsidiary 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 any such Subsidiary
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
to affect the rights or interests of the Lenders under the Loan Documents.



 









 





October 3, 2006

Page 4









     3. Each Loan Document has been duly executed and delivered by the Company and
each Domestic Subsidiary party thereto, and each such Loan Document constitutes the legal,
valid and binding obligation of each such Domestic Subsidiary, enforceable against such
Domestic Subsidiary 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
Subsidiaries 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 of the Loan Documents by the Company and the Subsidiaries party thereto 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 any Domestic
Subsidiary or any business, property or rights of any such Person that involve any Loan
Documents or the transactions contemplated thereby.



     6. None of the Company or any of the Subsidiaries 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 Borrowers pursuant to
the terms of the Credit Agreement will not violate Regulation T, U or X of the Board of
Governors of the Federal Reserve System.



 









 





October 3, 2006

Page 5









     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 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




 









 





October 3, 2006

Page 6









ANNEX A




Domestic Subsidiary Borrowers




Chicago Bridge & Iron Company (Delaware) CB&I

Constructors, Inc.

CBI Services, Inc.

CB&I Tyler Company




Foreign Subsidiary Borrowers




Chicago Bridge & Iron Company B.V.





 












 





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.bakernet.com








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

Budapest

Cairo

Dusseldorf

Frankfurt / Main

Geneva

Kylo

London

Madrid

Milan

Moscow

Munich

Paris

Prague

Riyadh

Rome

St. Petersburg

Stockholm

Vienna

Warsaw

Zurich




North & Latin

America

Bogota

Brasilia

Buenos

Aires

Calgary

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







October 13, 2006



To: the Lenders from time to time party to the Credit Agreement referred to below



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



Dear Sirs:



We have acted as special Netherlands legal counsel to each of Chicago Bridge & Iron Company N.V.
(the “Company”) and Chicago Bridge & Iron Company B.V. (“CB&I B.V.”;
together with the Company, the “Companies”), each with its registered office in
Amsterdam, with respect to certain matters of Netherlands law relating to the Amended
and Restated Credit Agreement, dated the date hereof (the “Credit Agreement”) among the
Company; CB&I B.V. and certain other subsidiaries of the Company as Subsidiary Borrowers; certain
financial institutions named therein as Lenders and JPMorgan Chase Bank, National Association, as
Administrative Agent.



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





	 	a.	 	an executed copy of the Credit Agreement furnished to us by
yourselves;
	 
	 	b.	 	an excerpt, dated October 12, 2006, 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 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.




1/14





 









 








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 12, 2006, of the registration of 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 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 Credit Agreement (the “Management Board Resolutions”);
	 
	 	i.	 	minutes of a meeting of the Supervisory Board (raad van commissarissen) of
the Company held on July 29, 2006, reflecting the approval of the execution, delivery
and performance by the Company of the Credit Agreement (the “Supervisory Board
Resolutions”);
	 
	 	3.	 	a written resolution of the Board of Directors (directie) of CB&I
B.V., reflecting the approval of the execution, delivery and
performance by CB&I B.V. of the Credit Agreement (the “CB&I B.V.
Management Board Resolutions”; together with the Company Management Board
Resolution, the “Management Board Resolutions”);
	 
	 	k.	 	a copy of a directors certificate of the Company, dated May 12,
2005, signed by CB&I B.V., the sole director of the Company (the
“Company Management Certificate”); and
	 
	 	1.	 	a copy of a directors certificate of CB& I B.V., dated May 12,
2005, signed by a director of CB&I B.V. (the “CB& I B.V.
Management Certificate”; together with the Company Management
Certificate, the “Management Certificates”).





2/14





 









 








BAICER.





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




In examining and describing the documents listed at a. through 1. above and in giving the
opinions stated below, we have, with your permission, assumed the following:




	 	(i)	 	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;
	 
	 	(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 none of the Management Board Resolutions have been or will be revoked,
amended, declared null and void (nietig verklaard) or rescinded
(vernietigd);





3/14





 









 









	 	(ix)	 	that the Supervisory Board Resolutions were duly adopted at a
meeting 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 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 of the Companies 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 (sursdance van betaling) of either
of the Companies and no receiver, trustee, administrator
(bewindvoerder) or similar officer has been appointed in
respect of either of the Companies or their respective assets and that no
decision has been taken to dissolve (ontbinden) either of
the Companies 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 Companies in view of their corporate
seats being at Amsterdam) and (ii) the Trade Register;
	 
	 	(xii)	 	that each party to the Credit Agreement (other than the Companies)
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;





4/14






 









 








BAKER & MCKENZIE





	 	(xiii)	 	(i) that the Credit Agreement has been duly authorized and validly executed and
delivered by all parties thereto (other than the Companies) and (ii) that under any
applicable law (other than insofar as the Companies are concerned the laws of The
Netherlands) the Credit 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 Credit Agreement nor any of the transactions contemplated
thereby or connected therewith (whether individually 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 Management
Certificates 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 Credit 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 Credit 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 Credit Agreement is a valid and binding choice
of law;
	 
	 	(b)	 	the submission by each of the Companies to the
jurisdiction of the state or federal courts located in Chicago, Illinois,
in or pursuant to the Credit Agreement is valid and binding upon each of
the Companies;






	 	(xix)	 	that there are no dealings between the parties thereto that affect the
Credit Agreement;
	 
	 	(xx)	 	that neither of the Companies is a credit institution





5/14





 











 






	 	 	 	(kredietinstelling) within the meaning of the 1992 Act on
the Supervision of the Credit System (Wet toezicht kredietwezen 1992); and
	 
	 	(xxi)	 	that none of the directors of CB& I B.V. has any conflict of interest
(tegenstriidig belang) with CB& I B.V. in connection with the
transactions contemplated by the Credit Agreement.




We have undertaken no independent factual investigation in connection with the opinions expressed
herein or the transactions contemplated by the Credit Agreement other than to review the
documents listed at a. through 1. above. Specifically, we have relied as to factual matters on
our review of the documents listed at a. through 1. 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.



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 any of the Companies is subject or by which
their respective property and assets are bound or any litigation or governmental proceedings
commenced, pending or threatened against or affecting any of the Companies or their respective
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 Credit 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 Credit 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:




6/14






 









 









	A.	 	The Company has been duly incorporated and is validly existing as a limited
liability company (naamloze vennootschap) under the laws of The
Netherlands. CB&I B.V. has been duly incorporated and is validly existing as a private
limited liability company (besloten vennootschap met beperkte
aansprakelijkheid) under the laws of The Netherlands.
	 
	B.	 	Each of the Companies has the corporate power and corporate authority to execute and
deliver the Credit Agreement and to perform its contractual obligations thereunder. The
execution, delivery and performance by each of the Companies of the Credit Agreement have
been duly authorized by all requisite corporate action on the part of such Company. The
Credit Agreement has been duly executed and delivered by each of the Companies.
	 
	C.	 	Neither (i) the execution and delivery by each of the Companies of the Credit Agreement
nor (ii) the performance by each of the Companies of its contractual obligations under the
Credit Agreement, requires any consent, approval or authorisation of any national
governmental or regulatory authority of The Netherlands.
	 
	D.	 	Under the laws of The Netherlands, insofar as the laws of The Netherlands are
applicable, there is no requirement that the Credit 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 Credit Agreement against each of the Companies in legal proceedings
in The Netherlands or the admissibility into evidence of the Credit Agreement in such
proceedings.
	 
	E.	 	Neither (i) the execution and delivery by each of the Companies of the Credit Agreement
nor (ii) the performance by each of the Companies of its contractual obligations under the
Credit 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 Credit Agreement nor (ii) the performance by the Company of
its contractual obligations under the Credit Agreement, violates or conflicts with any of
the provisions of the Company Articles. Neither (i) the execution and delivery by CB& I
B.V. of the Credit Agreement nor (ii) the performance by CB& I B.V. of its contractual
obligations under the Credit Agreement, violates or conflicts with any of the provisions
of the CB& I B.V. Articles.
	 
	F.	 	The choice of the laws of the State of Illinois as the law governing the
Credit Agreement is valid and binding upon each of the Companies under the laws of The
Netherlands, insofar as the laws of The





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BAKER
& MCKENZIE





	 	 	Netherlands are applicable, and accordingly the Credit 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 each of the Companies,
enforceable against each of the Companies 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 each of the Companies to the exclusive jurisdiction of
the state or federal courts located in Chicago, Illinois, pursuant to Section 11.13(A)
of the Credit Agreement, is valid and binding upon each of the Companies 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 geding) before the provisional remedies judge
(voorzieningenrechter) of a competent court in The Netherlands.
	 
	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 either of the
Companies, in respect of a breach by such Company of its payment obligations under the
Credit Agreement by a state or federal court located in Chicago, Illinois, acting
pursuant to the acceptance by the relevant Company of the exclusive jurisdiction of
such courts pursuant to Section 11.13(A) of the Credit 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
does 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





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BAKER & MCKENZIE





	 	 	that so recognises a judgment granted against either of the Companies 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 (xviii) below.
	 
	 	(ii)	 	The opinions expressed herein may be affected or limited by and are subject
in all respects to the provisions of applicable law concerning bankruptcy
(faillissement), insolvency, fraudulent conveyance (actio Pauliana),
preferential transfers (e.g. Article 47 Faillissementswet), statutory merger
(juridische fusie), statutory demerger (juridische splitsing),
moratorium (surs6ance 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 Credit 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 Credit Agreement, or of a
judgment rendered against either of the Companies based on the Credit 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 Credit Agreement would be subject
to the rules of civil procedure as applied by the Dutch courts.





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BAKER & MCKENZIE





	 	(v)	 	Specific performance (reale 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 any of the Agreements permits concurrent proceedings to
be brought in different jurisdictions at the same time relating to the same subject
matter such provisions 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 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 either of the Companies, expressly or by implication, in the Credit
Agreement will terminate without notice by force of law upon bankruptcy of such
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 either of the Companies can only be exercised
with the cooperation of the court-appointed administrator
(bewindvoerder) in the event such Company is granted a suspension of
payments (sursdance van betaling).
	 
	 	(xii)	 	The validity of the Credit 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





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BAKER & MCKENZIE





	 	 	 	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 Credit 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 Credit Agreement or (b) any provision of the laws
of the State of Illinois applicable to the Credit 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 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 either of the Companies 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 Credit Agreement.
	 
	 	(xv)	 	Any provision of the Credit 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 Credit Agreement providing that a party thereto is not
liable for, or is entitled to indemnification for, such party’s own intentional
misconduct (ooze) or gross negligence (grove schuld)





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BAKER & MCKENZIE





	 	 	 	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 Credit 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.
	 
	 	(xviii)	 	Under the laws of The Netherlands an agreement by a company may be void on the
grounds of ultra vires if it is not in the interest of the company to enter into such
agreement, even if the agreement clearly falls within the scope of the literal
wording of the objects clause of the company’s articles of association. While the
case law on this issue is limited, a guarantee of, assumption of liability for, or
granting of other security for, obligations of companies other than direct or
indirect majority-owned subsidiaries of the company issuing a guarantee or granting
other security may be particularly vulnerable to challenge on this grounds. In the
present case we assume that CB&I B.V. may derive benefits from the
transactions contemplated by the Credit Agreement, taken as a whole. Whether such
benefit is sufficient to make entering into the Credit Agreement by CB&I B.V. in such
Company’s “corporate interest” is a highly fact-specific question on which we express
no opinion. We note that in any event the objects clauses included in the CB&I B.V.
Articles do specifically include the granting of security and issuance of guarantees
for the benefit of group companies and third parties in general, including companies
other than direct or indirect majority-owned subsidiaries of CB&I.




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 Credit Agreement;
	 
	 	[b]	 	 the provisions of Section 10.3 (e), (h) and (k) of the
Credit Agreement, of the last sentence of Section 10.3 of the Credit
Agreement and of Section 10.4 of the Credit Agreement insofar as pursuant
to those provisions either Company purports to waive any defenses
available to it pursuant to mandatory provisions of Dutch law;





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BAKER & MCKENZIE





	 	[c] 	 	the enforceability in proceedings before the Dutch courts of
the second sentence of Section 11.13(B) of the Credit Agreement; or
	 
	 	[d]	 	 the provisions of the third sentence of Section 11.15 of
the Credit 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
Credit 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 Credit 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 Credit 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 Credit
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 what circumstances or with what result a court sitting
outside The Netherlands would or might apply Dutch law.




13/14








 









 








BAKER
& MCKENZIE



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.




14/14





 











 





$850,000,000




CREDIT FACILITY



TO



CHICAGO BRIDGE & IRON COMPANY N.V.



October 13, 2006



LIST OF CLOSING DOCUMENTS1



A. LOAN AND SECURITY DOCUMENTS




	1.	 	Second Amended and Restated Credit Agreement (the “Credit Agreement”) by and
among Chicago Bridge & Iron Company N.V., a corporation organized under the laws of The
Kingdom of the Netherlands (the “Company”), and one or more subsidiaries of the
company (whether now existing or hereafter formed, the “Subsidiary Borrowers”; together
with the Company, the “Borrowers”), 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 $850,000,000 revolving credit facility to the Borrowers from the Lenders.





EXHIBITS




	 	 	 	 	 
	EXHIBIT A-1

	 	—
	 	Commitments
	EXHIBIT A-2

	 	—
	 	Issuing Banks
	EXHIBIT A-3

	 	—
	 	Mandatory Costs
	EXHIBIT B

	 	—
	 	Form of Borrowing/Election Notice
	EXHIBIT C

	 	—
	 	Form of Request for Letter of Credit
	EXHIBIT D

	 	—
	 	Form of Assignment and Acceptance Agreement
	EXHIBIT E-1

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

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

	 	—
	 	List of Closing Documents
	EXHIBIT E-4

	 	—
	 	Form of Counsel’s Opinion for Subsidiary
Borrowers
	EXHIBIT F

	 	—
	 	Form of Officer’s Certificate
	EXHIBIT G

	 	—
	 	Form of Compliance Certificate








 




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





 









 





	 	 	 	 	 
	EXHIBIT H

	 	—
	 	Form of Subsidiary Guaranty
	EXHIBIT I

	 	—
	 	Form of Revolving Loan Note
	EXHIBIT J

	 	—
	 	Form of Assumption Letter
	EXHIBIT K

	 	—
	 	Form of Designation Agreement
	EXHIBIT L

	 	—
	 	Form of Commitment and Acceptance






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 1.1.6

	 	 	 	PMP
	SCHEDULE 3.2

	 	 	 	Transitional Letters of Credit
	SCHEDULE 6.4

	 	 	 	Pro Forma Financial Statements
	SCHEDULE 6.7

	 	 	 	FTC Litigation
	SCHEDULE 6.8

	 	 	 	Subsidiaries
	SCHEDULE 6.17

	 	 	 	Environmental Matters
	SCHEDULE 7.3(N)

	 	 	 	Subsidiary Covenants
	SCHEDULE 7.3(S)

	 	 	 	Permitted Restricted Payments







	2.	 	Reaffirmation (the “Reaffirmation”) executed by each of the Subsidiary Guarantors, in
favor of the Administrative Agent.
	 
	3.	 	Revolving Loan Notes executed by each 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 each of the Borrowers certifying:
(i) the resolutions of the Board of Directors (or other similar governing body) of such
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 such
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 any
Borrower that is organized under the laws of any State in the United States of America, a
copy of the By-laws for such Borrower.
	 
	5.	 	Articles of Incorporation of each Borrower certified as of recent date by the appropriate
governmental officer in the jurisdiction of incorporation for each such Borrower.









 









 









	6.	 	Good Standing Certificate for each Borrower certified as of recent date by the
appropriate governmental officer in the jurisdiction of incorporation for each such
Borrower.





C. OPINIONS





	7.	 	Opinion of General Counsel of the Borrowers and the Subsidiary Guarantors with respect to
the Credit Agreement and the Reaffirmation.
	 
	8.	 	Opinion of Dutch Counsel of the Company with respect to the Credit Agreement.





D. CLOSING CERTIFICATES AND MISCELLANEOUS





	9.	 	Officer’s Certificate of the Company certifying that on the closing date and initial
Borrowing Date (a) all the representations in the Credit Agreement are true and correct
(unless such representation and warranty is made as of a specific date, in which case, such
representation and warranty shall be true and correct as of such date), (b) no Default or
Unmatured Default has occurred and is continuing and (c) there exists no injunction or
temporary restraining order which would prohibit the making of the Loans, the issuance of the
Letters of Credit or the consummation of the other transactions contemplated by the Loan
Documents or any litigation seeking such an injunction or restraining order.






 











 




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

In 000’s of USD Equivalent

As of June 30, 2006




	 	 	 	 	 	 	 
	 	 	 	 	In 000’s of
	 	 	 	 	US$ Equivalent
	Company	 	Party	 	Outstanding
	 
	 	 	 	 	 	 
	Section (a) — Borrowed Money
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	CBI Venezolana S.A.
	 	Venezolano de Credito	 	652
	CBI Venezolana S.A.
	 	Banco Exterior CA	 	465
	Callidus Technologies
	 	 	 	643
	Chicago Bridge & Iron Company N.V.,

CB&I Constructors, Inc.,

CBI Services, Inc.,

Chicago Bridge & Iron Company (Delaware), 

	 	Various Private	 	 	 	 
	CB&I Tyler Company,
	Placement Lenders	 	 	50,000
	 
	 	 	 	 	 
	 
	 	 	 	 	 
	Section (b) — Deferred Purchase Price
	 	 	 	N/A
	 
	 	 	 	 	 	 
	Section (c) — Lien Obligations
	 	 	 	N/A
	 
	 	 	 	 	 	 
	Section (d) —  Notes
	 	 	 	 	 	 
	Chicago Bridge & Iron Company
	 	Praxair	 	437
	 
	 	Employee Benefits Agreement	 	 	 	 
	 
	 	 	 	 	 	 
	Section (e) — Capitalized Leases
	 	 	 	N/A
	 
	 	 	 	 	 	 
	Section (f) — Contingent Obligations
	 	 	 	Refer to Schedule 1.1.4






 


Page 1 of 37









 





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

In 000’s of USD Equivalent

As of June 30, 2006




Section (g) — Letters of Credit




	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	currency of	 	 	In 000’s of	 
	Issued by	 	Currency	 	issue	 	 	USD	 
	ANZ Australian-New Zealand
	 	AUD	 	 	85	 	 	 	62	 
	ANZ Australian-New Zealand
	 	AUD	 	 	66	 	 	 	48	 
	ANZ Australian-New Zealand
	 	PGK	 	 	33	 	 	 	10	 
	ANZ Australian-New Zealand
	 	PGK	 	 	5	 	 	 	1	 
	Standard Bank
	 	ZAR	 	 	3	 	 	 	0	 
	Mashreq Bank
	 	AED	 	 	640	 	 	 	174	 
	Mashreq Bank
	 	AED	 	 	160	 	 	 	44	 
	HSBC
	 	AUD	 	 	1,330	 	 	 	971	 
	HSBC
	 	AUD	 	 	62	 	 	 	45	 
	Mashreq Bank
	 	AED	 	 	30	 	 	 	8	 
	Emirates Bank Int’l
	 	AED	 	 	6,000	 	 	 	1,633	 
	Nationale Borg
	 	EUR	 	 	28	 	 	 	35	 
	REV Credit Facility
	 	 	 	 	 	 	 	 	4,040	 
	REV Credit Facility
	 	 	 	 	 	 	 	 	4,015	 
	REV Credit Facility
	 	 	 	 	 	 	 	 	20,000	 
	REV Credit Facility
	 	 	 	 	 	 	 	 	12,500	 
	REV Credit Facility
	 	 	 	 	 	 	 	 	9,441	 
	REV Credit Facility
	 	 	 	 	 	 	 	 	2,000	 
	REV Credit Facility
	 	 	 	 	 	 	 	 	10,558	 
	REV Credit Facility
	 	 	 	 	 	 	 	 	4,437	 
	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	$	70,022	 
	 
	 	 	 	 	 	 	 	 	 






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	 	$23,996
	 
	 	 	 	 	 	 
	Section (j) — Disqualified Stock
	 	 	 	N/A






 


Page 2 of 37









 





Schedule 1.1.2 — Permitted Existing Investments

As of June 30, 2006




As of June 30, 2006, the Company had invested $395.7 million of its excess cash in overnight funds
and money market funds at JPMorgan Chase Bank, NA, Bank of America, NA, Northern Trust, Credit
Suisse, PNC Bank, Amegy Bank, Allied Irish Bank, Hibernia Investments, Standard Chartered Bank,
Woodforest National Bank, Standard Bank, Saudi American Bank, Banco Provincial, Citibank, Banesco,
Venezolano de Credito, Banco Exterior CA, Westpac, and ABN-AMRO.



The Company has investments in the following list of entities:




Arabian CBI Ltd.

Arabian CBI Tank Manufacturing Company Limited

CBI (Malaysia) Sdn. Bhd.

CBI/ST Limited

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.


 


Page 3 of 37









 





Schedule 1.1.3 — Permitted Existing Liens

In 000’s of USD Equivalent

As of June 30, 2006




None



 


Page 4 of 37









 





Schedule 1.1.4 — Permitted Existing Contingent Obligations

As of June 30, 2006




(See attached LC and Surety Bond reports)



 


Page 5 of 37









 





Schedule 1.1.5 — Material Subsidiaries and Foreign Material

Subsidiaries that are not Excluded Foreign Subsidiaries as of June 30, 2006:




SUBSIDIARY BORROWERS;




	 	 	 	 	 	 	 
	 	 	Organized	 	Equity	 
	Chicago Bridge & Iron Company (Delaware)
	 	Delaware	 	 	100.0	%
	CBI Services, Inc.
	 	Delaware	 	 	100.0	%
	CB&I Constructors, Inc.
	 	Texas	 	 	100.0	%
	CB&I Tyler Company
	 	Delaware	 	 	100.0	%
	Chicago Bridge & Iron Company B.V.
	 	Netherlands	 	 	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	%






	 	 	 	 	 	 	 
	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	%
	CBI Constructors Pty. Ltd.
	 	Australia	 	 	100.0	%






 


Page 6 of 37









 





Schedule 1.1.5 — Material Subsidiaries and Foreign Material

Subsidiaries that are not Excluded Foreign Subsidiaries as of June 30, 2006:




	 	 	 	 	 	 	 
	Foreign Material Subsidiaries	 	Organized	 	Equity	 
	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	%
	Oceanic Contractors, Inc.
	 	Delaware	 	 	100.0	%
	Material Supply Companies
	 	Various	 	 	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	%
	Oceanic Contractors, Inc.
	 	Delaware	 	 	100.0	%






 


Page 7 of 37









 





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;




 


Page 8 of 37









 










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.






 


Page 9 of 37











 




Schedule 3.2 — Transitional Letters of Credit

to be rolled under the Second Amended and Restated Agreement




	 	 	 	 	 	 	 
	LC Number	 	Beneficiary	 	Value in USD	 
	750105	 	AIG
	 	 	4,437	 
	SLT321426	 	Bank One NA
	 	 	2,000	 
	G5097/03	 	BP Exploration (Shah Deniz) Limited
	 	 	135	 
	751694	 	St Paul Fire and Marine Insurance
	 	 	10,558	 
	SLT751064	 	Continental Casualty Company
	 	 	9,441	 
	410972	 	Western Surety Company
	 	 	4,040	 
	410872	 	Dominion Cove Point LNG Lmt
	 	 	21,200	 
	410679	 	Trunkline LNG
	 	 	9,461	 
	332163	 	Southern LNG Inc.
	 	 	5,000	 
	SLT751624	 	Trunkline LNG Company, LLC
	 	 	14,320	 
	751680	 	Marathon Ashland Petroleum LLC
	 	 	1,655	 
	G5023/04	 	Aker Kvaerner Netherlands B.V.
	 	 	75	 
	ST4042/04	 	Atyrau Branch of PFD International LLC
	 	 	628	 
	G5002/04	 	MW Kellogg
	 	 	34	 
	752134	 	Mitsubishi Heavy Industries Ltd
	 	 	7	 
	G5011/04	 	Gulf Advanced Chemical Industries Company Ltd
	 	 	533	 
	410076	 	JGC (USA), Inc.
	 	 	81	 
	410634	 	Marathon Ashland Petroleum LLC
	 	 	522	 
	410692	 	Yankee Gas Services Company
	 	 	20,000	 
	ST4003/04	 	EnCana (UK) Limited
	 	 	7,027	 
	CPCS-638169	 	Gasmar S.A.
	 	 	304	 
	CPCS-647027	 	Salfa Montajes S.A.
	 	 	238	 
	642613	 	PFD International LLC
	 	 	660	 
	CPCS-646220	 	Tipiel S.A.
	 	 	22	 
	649901	 	Bear Head LNG c/o Anadarko Petroleum Corp
	 	 	1,519	 
	649902	 	Bear Head LNG c/o Anadarko Petroleum Corp
	 	 	12,157	 
	207192	 	Ingeneria y Construccion Sigdo Koppers S.A.
	 	 	84	 
	207123	 	Ingeneria y Construccion Sigdo Koppers S.A.
	 	 	349	 
	204167	 	Hitachi America Ltd
	 	 	121	 
	220666	 	Crystallex International Corporation
	 	 	513	 
	218562	 	Pluspetrol Peru
	 	 	7,223	 
	223002	 	CNOOC-Fujian LNG, ltd
	 	 	5,115	 
	227889	 	Marathon Petroleum Company
	 	 	948	 
	227859	 	CNOOC-Fujian LNG Co
	 	 	2,010	 
	273584	 	Refineria la Pompilla
	 	 	295	 
	273585	 	Refineria la Pompilla
	 	 	197	 
	273586	 	Refineria la Pompilla
	 	 	131	 
	3083786	 	Golden Pass
	 	 	73,899	 
	3083788	 	Golden Pass
	 	 	26,101	 






 


Page 10 of 37









 





Schedule 3.2 — Transitional Letters of Credit

to be rolled under the Second Amended and Restated Agreement




	 	 	 	 	 	 	 
	LC Number	 	Beneficiary	 	Value in USD	 
	280418	 	Frontier El Dorado Refining
	 	 	532	 
	252574	 	Toyo Engineering India Ltd
	 	 	60	 
	251625	 	Federal Insurance Company
	 	 	12,500	 
	246955	 	Zurich American Insurance Company
	 	 	20,000	 
	251562	 	CNOOC-FUJIAN LNG CO
	 	 	1,659	 
	251601	 	CNOOC-FUJIAN LNG CO
	 	 	626	 
	264146	 	Alstom Power
	 	 	500	 
	264150	 	Pluspetrol Peru Corporation
	 	 	763	 
	264148	 	Pluspetrol Peru Corporation
	 	 	90	 
	264147	 	Pluspetrol Peru Corporation
	 	 	3,879	 
	256940	 	Golden Pass
	 	 	9,323	 
	256904	 	Marathon Petroleum Company
	 	 	4,015	 
	261737	 	Houston Fuel Oil Terminal Company
	 	 	142	 
	253550	 	Cabinda Gulf Oil Company Ltd
	 	 	25,250	 
	253547	 	Cabinda Gulf Oil Company Ltd
	 	 	25,250	 
	267705	 	Kinder Morgan Liquids Terminals LP
	 	 	573	 
	269049	 	Navajo Refining Company LP
	 	 	678	 
	3082329	 	Petrolium Company of TT Petrotrin
	 	 	500	 
	217595	 	Pluspetrol Peru Corporation S.A.
	 	 	18,102	 
	212424	 	Hovensa L.L.C.
	 	 	1,353	 
	213571	 	Compania de Petroleos de Chile COPEC
	 	 	530	 
	213570	 	Compania de Petroleos de Chile COPEC
	 	 	113	 
	533636030	 	Samsung Saudi Arabia Ltd
	 	 	1,405	 
	533636029	 	Samsung Saudi Arabia Ltd
	 	 	562	 
	533636028	 	Samsung Saudi Arabia Ltd
	 	 	2,810	 
	533636027	 	Samsung Saudi Arabia Ltd
	 	 	843	 
	281930	 	Petroterminal de Panama S.A.
	 	 	250	 
	286175	 	Zurich American Insurance Company
	 	 	915	 
	286747	 	Kinder Morgan Liquids Terminals, LP
	 	 	321	 
	286855	 	Air Liquide Process & Construction, Inc
	 	 	2,813	 
	 	 	 
	 	 	 
	 	 	Sub-total:
	 	 	379,395	 
	 	 	Plus 3% currency adjustment:
	 	 	643	 
	 	 	 
	 	 	 
	 	 	Total:
	 	 	380,038	 
	 	 	 
	 	 	 






Calculation of Foreign Currency LC’s:




	 	 	 	 	 
	ST4003/04
	 	 	7,027	 
	649902
	 	 	12,157	 
	533636030
	 	 	1,405	 
	533636027
	 	 	843	 
	 
	 	 	 
	Total USD Equiv. of Foreign Currency LC’s
	 	 	21,432	 
	 
	 	 	 
	3% adjustment to Total Utilization
	 	 	643	 
	 
	 	 	 






 


Page 11 of 37









 





Schedule 6.4 — Pro Forma Financial Statements




N/A



 


Page 12 of 37









 





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 markets 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”).



On June 12, 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 Federal Trade Commission. In addition, the FTC Staff appealed
the sufficiency of the remedies contained in the ruling to the full Federal Trade Commission. 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 filed a petition for review of the FTC Order and Opinion with the United States Court of
Appeals for the Fifth Circuit. We are not required to divest any assets until we have exhausted all
appeal processes available to us, including 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 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 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.



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
Company N.V., 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.


 


Page 13 of 37









 





Schedule 6.7 — Litigation; Loss Contingencies and Violations




The action asserts claims under the U.S. securities laws and alleges, among other things, that we
materially overstated our financial results during the class period by misapplying
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 plan to file a motion to dismiss the Complaint, which is currently scheduled to be heard
by the Court in October 2006 after briefing is completed. 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.



Environmental Matters — Our operations are subject to extensive and changing U.S. federal, state
and local laws and regulations and laws outside the U.S. establishing health and environmental
quality standards, including those governing discharges and pollutants into the air and water and
the management and disposal of hazardous substances and wastes. This exposes us to potential
liability for personal injury or property damage caused by any release, spill, exposure or other
accident involving such 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 2006 or 2007.



Asbestos Litigation — We are a defendant in a number of 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 June 30, 2006, 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.


 


Page 14 of 37









 





Schedule 6.7 — Litigation; Loss Contingencies and Violations




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 June 30, 2006 we had accrued $879,000 for
liability and related expenses. We are unable to quantify estimated recoveries for recognized and
unrecognized contingent losses, if any, that may be expected to be recoverable through insurance,
indemnification arrangements or other sources 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.



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 15 of 37











 





Schedule 6.8 — Subsidiaries




850 PINE STREET INC.



Incorporated State: DELAWARE




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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.)



Incorporated State: Texas




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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.



Incorporated State: Saudi Arabia




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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	%






Arabian CBI Tank Manufacturing Company Limited



Incorporated State: Saudi Arabia




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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.



Incorporated State: Cayman Islands




 


Page 16 of 37









 







Schedule 6.8 — Subsidiaries




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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.



Incorporated State: Delaware




Common Shares




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






Atlantis Contractors Inc.



Incorporated State: Delaware




Common Shares




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






CB&I (Global Services) Limited



Incorporated State: Dublin




Ordinary




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






CB&I (Nigeria) Limited



Incorporated State: Nigeria




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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.



Incorporated State: Halifax




Common Shares




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






 


Page 17 of 37









 





Schedule 6.8 — Subsidiaries




CB&I Constructors, Inc.



Incorporated State: Texas




Common Shares




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






Preferred Shares




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



Incorporated State: Shanghai




Capital Contributions




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






CB&I Europe B. V.



Incorporated State: The Netherlands




Common Shares




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






CB&I Finance Company Limited



Incorporated State: Dublin




Common Shares




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






CB&I HOUSTON 06 LLC



Incorporated State: Delaware




Membership Units




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






CB&I HOUSTON 07 LLC



Incorporated State: Delaware




Membership Units




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






 


Page 18 of 37









 





Schedule 6.8 — Subsidiaries




CB&I HOUSTON 08 LLC


Incorporated State: Delaware




Membership Units




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






CB&I HOUSTON 09 LLC



Incorporated State: Delaware




CB&I HOUSTON 10 LLC



Incorporated State: Delaware




Membership Units




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






CB&I HOUSTON 11 LLC



Incorporated State: Delaware




Membership Units




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






CB&I HOUSTON 12 LLC



Incorporated State: Delaware




Membership Units




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






CB&I HOUSTON 13 LLC



Incorporated State: Delaware




CB&I HOUSTON LLC



Incorporated State: Delaware




Membership Units




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






 


Page 19 of 37









 





Schedule 6.8 — Subsidiaries




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



Incorporated State: Hungary




Registered Capital




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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 John Brown (Australia) Pty Ltd.



Incorporated State: Australia




Common Shares




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






CB&I London



Incorporated State: London




Membership Units




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






CB&I Paddington Limited



Incorporated State: London




Common Shares




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






CB&I Tyler Company



Incorporated State: Delaware




Common Shares




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






Preferred Shares




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






 


Page 20 of 37









 





Schedule 6.8 — Subsidiaries




CB&I UK LIMITED



Incorporated State: Staines, Middlesex




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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	%	 	 	 	 






CB&I WOODLANDS LLC



Incorporated State: Delaware




Membership Units




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






CBI (Malaysia) Sdn. Bhd.



Incorporated State: Malaysia




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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.



Incorporated State: Philippines




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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	%	 	 	 	 
	Silverio S. Tayao
	 	 	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	%	 	 	 	 






 


Page 21 of 37









 





Schedule 6.8 — Subsidiaries




CBI (Thailand) Limited



Incorporated State: Bangkok Metropolis, Thailand




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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.



Incorporated State: ARUBA




Common Shares




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






CBI Americas Ltd.



Incorporated State: Delaware




Common Shares




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






CBI Bahamas Limited



Incorporated State: Bahamas




Common Shares




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






CBI Caribe, Limited



Incorporated State: Delaware




Common Shares




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






 


Page 22 of 37









 





Schedule 6.8 — Subsidiaries




CBI Company Ltd.



Incorporated State: Delaware




Common Shares




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






CBI Construcciones S.A.



Incorporated State: Argentina




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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



Incorporated State: Dubai




Common Shares




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






CBI Constructors (PNG) Pty. Limited



Incorporated State: Papua New Guinea




Common Shares




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






CBI Constructors Limited



Incorporated State: United Kingdom




Common Shares




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






CBI Constructors Pty. Limited



Incorporated State: New South Wales




Common Shares




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






 


Page 23 of 37









 





Schedule 6.8 — Subsidiaries




CBI Constructors S.A. (Proprietary) Limited



Incorporated State: South Africa




Common Shares




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






CBI Eastern Anstalt



Incorporated State: Vaduz, Liechtenstein




Common Shares




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






CBI Holdings (U.K.) Limited



Incorporated State: United Kingdom




Common Shares




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






CBI Ireland Limited



Incorporated State: Ireland




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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



Incorporated State: JAMAICA




Common Shares




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






 


Page 24 of 37









 





Schedule 6.8 — Subsidiaries




CBI Luxembourg S.a.r.l.



Incorporated State: Luxembourg




Common Shares




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






CBI Overseas, LLC



Incorporated State: Delaware




Common Shares




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






CBI Services, Inc.



Incorporated State: Delaware




Preferred Shares Series B




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






Common Shares




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






Preferred Shares




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






CBI Venezolana, S. A.



Incorporated State: Venezuela




Common Shares




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







 


Page 25 of 37












 




Schedule 6.8 — Subsidiaries




CBI de Nicaragua, Sociedad Anónima




Incorporated State: Nicaragua




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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.




Incorporated State: Venezuela




Common Shares




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






CMP Holdings B.V.




Incorporated State: The Netherlands




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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.




Incorporated State: Delaware




Common Shares




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






Cape Steel Material Supply Company, Ltd.




Incorporated State: Cayman Islands




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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.




Incorporated State: Delaware




Common Shares




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






 


Page 26 of 37









 





Schedule 6.8 — Subsidiaries




Chicago Bridge & Iron (Antilles) N. V.




Incorporated State: Curacao




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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.




Incorporated State: Spain




Common Shares




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






Chicago Bridge & Iron Company




Incorporated State: Illinois




Common Shares




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






Chicago Bridge & Iron Company




Incorporated State: Delaware




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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.




Incorporated State: Oman




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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 27 of 37









 





Schedule 6.8 — Subsidiaries




Chicago Bridge & Iron Company (Delaware)




Incorporated State: Delaware




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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




Incorporated State: Giza




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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.




Incorporated State: The Netherlands




Common Shares




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






Chicago Bridge & Iron Company N.V.




Incorporated State: The Netherlands




Common Shares




Chicago Bridge Uruguay S.A.




Incorporated State: Uruguay




Common Shares




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






 


Page 28 of 37









 





Schedule 6.8 — Subsidiaries




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




Incorporated State: Mexico




Common 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




Incorporated State: Chile




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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	%






Constructors International, L.L.C.




Incorporated State: Delaware




Units of Ownership




Fibre Making Processes, Inc.




Incorporated State: Illinois




Common Shares




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






HBI Holdings, LLC




Incorporated State: Delaware




Units of Ownership




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






Highland Trading Company, Ltd.




Incorporated State: Cayman Islands




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	APS Holdings Co.
	 	 	2.00	 	 	 	100.0000	%	 	 	100.0000	%






 


Page 29 of 37









 





Schedule 6.8 — Subsidiaries




Horton CBI, Limited




Incorporated State: Canada




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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




Incorporated State: United Kingdom




Common Shares




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






Howe-Baker Engineers, Ltd.




Incorporated State: Texas




Stock Units




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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.




Incorporated State: Delaware




Units of Ownership




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






Howe-Baker International Management, LLC




Incorporated State: Delaware




Units of Ownership




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






 


Page 30 of 37









 





Schedule 6.8 — Subsidiaries




Howe-Baker International, L.L.C.




Incorporated State: Delaware




Units of Ownership




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






Howe-Baker Management, L.L.C.




Incorporated State: Delaware




Units of Ownership




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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




Incorporated State: Cayman Islands




Common Shares




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






JOHN BROWN HYDROCARBONS B.V.




Incorporated State: The Netherlands




Common Shares




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






JOHN BROWN KISH LTD.




Common Shares




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






Lealand Finance Company B.V.




Incorporated State: The Netherlands




Common Shares




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






 


Page 31 of 37









 





Schedule 6.8 — Subsidiaries




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




Incorporated State: Texas




Capital Contributions




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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.




Incorporated State: Delaware




Units of Ownership




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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	%	 	 	 	 






NM-CBI




Incorporated State: Trinidad




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	CBI Company Ltd.
	 	 	100.00	 	 	 	100.0000	%	 	 	 	 






Neo Creator Co, Limited




Incorporated State: Bangkok Metropolis, Thailand




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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	%	 	 	 	 






 


Page 32 of 37









 





Schedule 6.8 — Subsidiaries




Oasis Supply Company Anstalt




Incorporated State: Vaduz, Liechtenstein




Common Shares




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






Oasis Supply Company, Ltd.




Incorporated State: Cayman Islands




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shareholders (Corporations)	 	Number of Shares	 	 	% of Issued	 	 	% of Outstanding	 
	APS Holdings Co.
	 	 	2.00	 	 	 	100.0000	%	 	 	100.0000	%






Oceanic Contractors, Inc.




Incorporated State: Delaware




Common Shares




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






Oxford Metal Supply Limited




Incorporated State: United Kingdom




Common Shares




	 	 	 	 	 	 	 	 	 	 	 	 	 
	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




Incorporated State: Indonesia




Common Shares




Pacific Rim Material Supply Company, Ltd.




Incorporated State: Cayman Islands




Common Shares




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






 


Page 33 of 37









 





Schedule 6.8 — Subsidiaries




Southern Tropic Material Supply Company, Ltd.




Incorporated State: Cayman Islands




Common Shares




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






Tank Constructors Limited




Incorporated State: London




UltraPure Services, Inc.




Incorporated State: Delaware




Common Shares




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






WOODLANDS INTERNATIONAL INSURANCE COMPANY




Ordinary




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







 


Page 34 of 37











 





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 and 2005.


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 and 2005.



Page 35 of 37









 




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 36 of 37









 





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.



Of the remaining 1,583,820 shares, the former executive can exercise a put to the Company through
January 30, 2007 for up to 1,456,720 shares. If exercised, the Company would purchase such shares
at the average of the high and low share price on the date the put exercise notice is received by
the CB&I.





Page 37 of 37












 






Schedule 1.1.4 — LC’s Surety Bonds




CHICAGO BRIDGE & IRON COMPANY N.V.

Consolidated LC’s & Bank Guarantee’s as of June 30, 2006




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Expiry	 	 	 	 	currency	 	 	Value in	 
	Entity	 	LC Number	 	Issued by	 	Beneficiary	 	Purpose	 	Issued	 	 	Date	 	 	Currency	 	of issue	 	 	USD	 
	98 CMP BV
	 	SB 11280	 	ABN Amro Bank — Dubai	 	PFD (UK) Limited	 	Performance	 	 	1/14/2004	 	 	 	1/1/2007	 	 	0	 	 	0	 	 	 	784,386	 
	98 CMP BV
	 	2004.000.634 / 10847 AA 00019	 	ABN Amro Bank — Dubai	 	PFD (UK) LIMITED	 	Performance	 	 	1/13/2004	 	 	 	1/13/2007	 	 	0	 	 	0	 	 	 	784,386	 
	68 CBI Eastern Anstalt
	 	PPU/LA7801	 	ABN Amro Bank — Dubai	 	Jebel Ali Free Zone Authority	 	Labor Guarantee	 	 	2/27/2001	 	 	 	3/1/2007	 	 	AED	 	 	50,000	 	 	 	13,611	 
	68 CBI Eastern Anstalt
	 	008330/0000/00	 	ABN Amro Bank — Dubai	 	Ministry of Labor	 	Labor Guarantee	 	 	7/24/2001	 	 	 	7/23/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	LA9275	 	ABN Amro Bank — Dubai	 	Ministry of Labor	 	Labor Guarantee	 	 	5/2/2002	 	 	 	5/2/2007	 	 	AED	 	 	30,000	 	 	 	8,166	 
	68 CBI Eastern Anstalt
	 	0008302/0000/00	 	ABN Amro Bank — Dubai	 	Ministry of Labor	 	Labor Guarantee	 	 	7/15/2001	 	 	 	10/15/2006	 	 	AED	 	 	24,000	 	 	 	6,533	 
	68 CBI Eastern Anstalt
	 	LA12751	 	ABN Amro Bank — Dubai	 	Jebel Ali Free Zone Authority	 	Labor Guarantee	 	 	3/10/2005	 	 	 	3/9/2007	 	 	AED	 	 	50,000	 	 	 	13,611	 
	73 CBI Constructors FZE
	 	PPU/LA8838	 	ABN Amro Bank — Dubai	 	Jebel Ali Free Zone Authority	 	Labor Guarantee	 	 	7/26/2001	 	 	 	7/25/2006	 	 	AED	 	 	75,000	 	 	 	20,416	 
	61 CBI Constructors Pty (Australia)
	 	3325392	 	ANZ Australian-New Zealand Banking Group	 	Blacktown Council	 	Financial	 	 	7/6/1992	 	 	 	10/10/2006	 	 	AUD	 	 	84,500	 	 	 	61,677	 
	61 CBI Constructors Pty (Australia)
	 	3335992	 	ANZ Australian-New Zealand Banking Group	 	Shepparton Waterboard	 	Performance	 	 	11/25/1992	 	 	 	10/10/2006	 	 	AUD	 	 	7,996	 	 	 	5,836	 
	61 CBI Constructors Pty (Australia)
	 	98385	 	ANZ Australian-New Zealand Banking Group	 	Blacktown City Council	 	Financial	 	 	12/15/1998	 	 	 	10/10/2006	 	 	AUD	 	 	66,000	 	 	 	48,173	 
	61 CBI Constructors Pty (Australia)
	 	21197	 	ANZ Australian-New Zealand Banking Group	 	Internal Revenue PNG	 	Financial	 	 	10/16/1997	 	 	 	10/31/2006	 	 	PGK	 	 	32,528	 	 	 	10,464	 
	61 CBI Constructors Pty (Australia)
	 	29070196-A	 	ANZ Australian-New Zealand Banking Group	 	Collector of Customs PNG	 	Financial	 	 	7/13/1996	 	 	 	3/31/2007	 	 	PGK	 	 	4,598	 	 	 	1,479	 
	69 Arabian CBI Ltd
	 	OG303780DAM	 	Arab National Bank	 	Saudi Archirodon	 	Performance	 	 	5/4/2004	 	 	 	9/30/2006	 	 	SAR	 	 	4,175,000	 	 	 	1,113,139	 
	69 Arabian CBI Ltd
	 	OG303262DAM	 	Arab National Bank	 	National Contracting Company	 	Retention	 	 	11/15/2003	 	 	 	9/30/2006	 	 	0	 	 	0	 	 	 	529,850	 
	584 CB & I (UK)
	 	MRGI4811445	 	Barclays Bank	 	Grain LNG Limited	 	Performance	 	 	8/4/2005	 	 	 	11/27/2010	 	 	GBP	 	 	12,383,106	 	 	 	22,487,102	 
	45 Central Trading Company Ltd
	 	BMCH88830OS	 	BMO Bank of Montreal	 	Abastecedora de Combustibles S.A.	 	Performance	 	 	10/22/2004	 	 	 	8/31/2006	 	 	0	 	 	0	 	 	 	474,702	 
	58 CB & I (UK)
	 	BMCH16688OS	 	BMO Bank of Montreal	 	Citibank International PLC	 	Warranty	 	 	6/12/2003	 	 	 	1/30/2007	 	 	GBP	 	 	117,000	 	 	 	212,466	 
	92 Howe Baker Engineers
	 	BMTO102623OG	 	BMO Bank of Montreal	 	Raffineria Di Milazzo S.c.P.A.	 	Advance	 	 	5/19/2005	 	 	 	4/1/2007	 	 	0	 	 	0	 	 	 	306,600	 
	94 Callidus Technologies LLC
	 	BMCH16694OS	 	BMO Bank of Montreal	 	Jubail United Petrochemical	 	Performance	 	 	6/28/2002	 	 	 	7/8/2006	 	 	0	 	 	0	 	 	 	353,098	 
	94 Callidus Technologies LLC
	 	BMCH16708OS	 	BMO Bank of Montreal	 	KJT Engenharia Materiais E Servicos Para A Industr	 	Warranty	 	 	4/24/2003	 	 	 	8/29/2006	 	 	0	 	 	0	 	 	 	55,365	 
	94 Callidus Technologies LLC
	 	BMCH16712OS	 	BMO Bank of Montreal	 	Technip Benelux B.V.	 	Warranty	 	 	6/20/2003	 	 	 	6/30/2006	 	 	EUR	 	 	23,126	 	 	 	29,021	 
	55 Horton CBI, Ltd
	 	BMCH16684OS	 	BMO Bank of Montreal	 	Imperial Oil ltd	 	Performance	 	 	8/5/2002	 	 	 	12/31/2007	 	 	CAD	 	 	150,000	 	 	 	133,916	 
	68 CBI Eastern Anstalt
	 	EBI-PBG-0200596	 	Emirates Bank Int'l	 	Enel Power SpA	 	Performance	 	 	3/20/2002	 	 	 	7/25/2006	 	 	0	 	 	0	 	 	 	560,000	 
	68 CBI Eastern Anstalt
	 	EBI1OG06002669	 	Emirates Bank Int'l	 	Nouman Fouad Trading	 	Financial	 	 	6/18/2006	 	 	 	5/28/2007	 	 	AED	 	 	6,000,000	 	 	 	1,633,260	 
	68 CBI Eastern Anstalt
	 	EBI1OG06002754	 	Emirates Bank Int'l	 	Enoc Processing Company LLC	 	Performance	 	 	6/22/2006	 	 	 	6/27/2007	 	 	0	 	 	0	 	 	 	751,000	 
	68 CBI Eastern Anstalt
	 	EBI1OG06002905	 	Emirates Bank Int'l	 	Contracting and Trading Co. "CAT"	 	Performance	 	 	6/29/2006	 	 	 	1/24/2007	 	 	0	 	 	0	 	 	 	117,994	 
	02 CBI Foreign
	 	EBI-PFG-0200344	 	Emirates Bank Int’l	 	Saudi Aramco — Qatif	 	Performance	 	 	2/19/2002	 	 	 	7/1/2006	 	 	0	 	 	0	 	 	 	5,786,135	 
	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	 
	61 CBI Constructors Pty (Australia)
	 	30068	 	HSBC	 	Paramount (WA) PTY Ltd.	 	Retention	 	 	8/15/2003	 	 	 	10/18/2006	 	 	AUD	 	 	2,598,186	 	 	 	1,896,416	 
	61 CBI Constructors Pty (Australia)
	 	40029	 	HSBC	 	Henry Walker Eltin Contracting Pty. Ltd.	 	Performance	 	 	4/2/2004	 	 	 	11/8/2006	 	 	AUD	 	 	830,710	 	 	 	606,335	 
	61 CBI Constructors Pty (Australia)
	 	40062	 	HSBC	 	Worsley Alumina Pty Ltd.	 	Performance	 	 	7/26/2004	 	 	 	10/26/2006	 	 	AUD	 	 	378,510	 	 	 	276,274	 
	61 CBI Constructors Pty (Australia)
	 	40063	 	HSBC	 	Worsley Alumina Pty. Ltd.	 	Performance	 	 	7/26/2004	 	 	 	10/26/2006	 	 	AUD	 	 	378,510	 	 	 	276,274	 
	61 CBI Constructors Pty (Australia)
	 	20095	 	HSBC	 	ANZ Bank	 	Financial	 	 	12/24/2003	 	 	 	9/30/2006	 	 	AUD	 	 	1,330,000	 	 	 	970,767	 
	61 CBI Constructors Pty (Australia)
	 	40013	 	HSBC	 	John & Susan Kupferman	 	Financial	 	 	2/19/2004	 	 	 	1/12/2008	 	 	AUD	 	 	61,500	 	 	 	44,889	 
	61 CBI Constructors Pty (Australia)
	 	40114	 	HSBC	 	Ravensthorpe Nickel Corporation	 	Performance	 	 	12/24/2004	 	 	 	12/24/2006	 	 	AUD	 	 	1,781,140	 	 	 	1,300,054	 
	61 CBI Constructors Pty (Australia)
	 	40115	 	HSBC	 	Ravensthorpe Nickel Operations	 	Performance	 	 	12/24/2004	 	 	 	12/24/2006	 	 	AUD	 	 	1,781,140	 	 	 	1,300,054	 
	61 CBI Constructors Pty (Australia)
	 	40116	 	HSBC	 	Ravensthorpe Nickel Operations	 	Advance	 	 	12/24/2004	 	 	 	12/24/2006	 	 	AUD	 	 	3,562,280	 	 	 	2,600,108	 
	61 CBI Constructors Pty (Australia)
	 	50023	 	HSBC	 	Worsley Alumina Pty Australia	 	Performance	 	 	4/5/2005	 	 	 	10/5/2006	 	 	AUD	 	 	1,500,000	 	 	 	1,094,850	 
	61 CBI Constructors Pty (Australia)
	 	50024	 	HSBC	 	Worsley Alumina Pty Australia	 	Performance	 	 	4/5/2005	 	 	 	10/28/2006	 	 	AUD	 	 	1,500,000	 	 	 	1,094,850	 
	61 CBI Constructors Pty (Australia)
	 	50046	 	HSBC	 	Ravensthorpe Nickel Operations	 	Performance	 	 	5/13/2005	 	 	 	10/13/2006	 	 	AUD	 	 	284,910	 	 	 	207,956	 
	61 CBI Constructors Pty (Australia)
	 	50047	 	HSBC	 	Ravensthorpe Nickel Operations	 	Advance	 	 	5/13/2005	 	 	 	10/13/2006	 	 	AUD	 	 	569,820	 	 	 	415,912	 
	61 CBI Constructors Pty (Australia)
	 	50048	 	HSBC	 	Ravensthorpe Nickel Operations	 	Performance	 	 	5/13/2005	 	 	 	10/13/2006	 	 	AUD	 	 	284,910	 	 	 	207,956	 
	61 CBI Constructors Pty (Australia)
	 	50054	 	HSBC	 	Water Corporation	 	Performance	 	 	5/19/2005	 	 	 	10/19/2006	 	 	AUD	 	 	159,137	 	 	 	116,154	 
	61 CBI Constructors Pty (Australia)
	 	50125	 	HSBC	 	Vopak Terminal Australia Pty Ltd.-Botany Bay	 	Performance	 	 	10/12/2005	 	 	 	12/21/2007	 	 	AUD	 	 	1,419,871	 	 	 	1,036,364	 
	61 CBI Constructors Pty (Australia)
	 	50126	 	HSBC	 	Vopak Terminal Australia Pty Ltd — Darwin	 	Performance	 	 	10/12/2005	 	 	 	9/29/2006	 	 	AUD	 	 	455,172	 	 	 	332,230	 
	61 CBI Constructors Pty (Australia)
	 	50127	 	HSBC	 	Vopak Terminal Australia Pty Ltd — Darwin	 	Performance	 	 	10/12/2005	 	 	 	9/29/2007	 	 	AUD	 	 	455,172	 	 	 	332,230	 
	61 CBI Constructors Pty (Australia)
	 	50128	 	HSBC	 	Vopak Terminal Australia Pty Ltd — Botany Bay	 	Performance	 	 	10/12/2005	 	 	 	12/21/2006	 	 	AUD	 	 	1,419,871	 	 	 	1,036,364	 
	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	 
	117 Pacific Rim-Fujian Br.
	 	APGPTH050065	 	HSBC — Australia	 	CNOOC Fujian	 	Advance	 	 	6/8/2005	 	 	 	6/8/2008	 	 	0	 	 	0	 	 	 	2,272,774	 
	117 Pacific Rim-Fujian Br.
	 	APGPTH050066-	 	HSBC — Australia	 	CNOOC Fujian	 	Advance	 	 	6/8/2005	 	 	 	6/8/2008	 	 	0	 	 	0	 	 	 	2,272,774	 
	116 WOFE (Engg. & Construction)
	 	APGPTH050062	 	HSBC — Australia	 	CNOOC Fujian	 	Advance	 	 	6/8/2005	 	 	 	6/8/2008	 	 	CNY	 	 	2,115,001	 	 	 	264,164	 






 


 









 







Schedule 1.1.4 — LC’s Surety Bonds




CHICAGO BRIDGE & IRON COMPANY N.V.

Consolidated LC’s & Bank Guarantee’s as of June 30, 2006




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Expiry	 	 	 	 	currency	 	 	Value in	 
	Entity	 	LC Number	 	Issued by	 	Beneficiary	 	Purpose	 	Issued	 	 	Date	 	 	Currency	 	of issue	 	 	USD	 
	116 WOFE (Engg. & Construction)
	 	APGPTH50163	 	HSBC — Australia	 	CNOOC - FUJIAN	 	Advance	 	 	12/22/2005	 	 	 	6/8/2008	 	 	CNY	 	 	1,700,794	 	 	 	212,429	 
	77 CBI ST Limited(Thailand)
	 	PEBPTH050074 / 50074	 	HSBC — Australia	 	Terminals Pty Ltd.	 	Performance	 	 	6/20/2005	 	 	 	6/29/2007	 	 	THB	 	 	3,189,962	 	 	 	82,939	 
	77 CBI ST Limited(Thailand)
	 	60068	 	HSBC — Australia	 	ABB Process Solutions & Services S.p.A	 	Advance	 	 	5/11/2006	 	 	 	6/18/2007	 	 	0	 	 	0	 	 	 	361,061	 
	77 CBI ST Limited(Thailand)
	 	60069	 	HSBC — Australia	 	ABB Process Solutions & Services S.p.A	 	Performance	 	 	5/11/2006	 	 	 	6/18/2009	 	 	0	 	 	0	 	 	 	361,061	 
	11 Pacific Rim Material Supply Company
	 	60070	 	HSBC — Australia	 	ABB Process Solutions & Servicess S.p.A	 	Advance	 	 	5/11/2006	 	 	 	12/30/2006	 	 	0	 	 	0	 	 	 	661,878	 
	11 Pacific Rim Material Supply Company
	 	60071	 	HSBC — Australia	 	ABB Processs Solutions & Services S.p.A.	 	Advance	 	 	5/11/2006	 	 	 	12/30/2006	 	 	0	 	 	0	 	 	 	165,470	 
	11 Pacific Rim Material Supply Company
	 	60072	 	HSBC — Australia	 	ABB Process Solutions & Services S.p.A	 	Performance	 	 	5/11/2006	 	 	 	6/18/2009	 	 	0	 	 	0	 	 	 	339,039	 
	505 CBI Europe BV (China)
	 	60045	 	HSBC — Australia	 	Zhejiang China	 	Bid	 	 	3/3/2006	 	 	 	9/3/2006	 	 	0	 	 	0	 	 	 	100,000	 
	505 CBI Europe BV (China)
	 	60052	 	HSBC — Australia	 	Shanghai LNG Company	 	Bid	 	 	3/24/2006	 	 	 	9/24/2006	 	 	0	 	 	0	 	 	 	200,000	 
	508 CBI Europe/Chengda Cons
	 	APGPTH050063	 	HSBC — Australia	 	CNOOC Fujian	 	Advance	 	 	6/8/2005	 	 	 	6/8/2008	 	 	0	 	 	0	 	 	 	934,229	 
	508 CBI Europe/Chengda Cons
	 	60004	 	HSBC — Australia	 	CNOOC - Fujian	 	Advance	 	 	1/11/2006	 	 	 	1/10/2008	 	 	CNY	 	 	414,207	 	 	 	51,734	 
	508 CBI Europe/Chengda Cons
	 	APGPTH50162	 	HSBC — Australia	 	CNOOC-FUJIAN	 	Advance	 	 	12/22/2005	 	 	 	6/8/2008	 	 	0	 	 	0	 	 	 	667,000	 
	509 CHENGDA
	 	APGPTH050064	 	HSBC — Australia	 	CNOOC Fujian	 	Advance	 	 	6/8/2005	 	 	 	6/8/2008	 	 	CNY	 	 	9,725,877	 	 	 	1,214,762	 
	509 CHENGDA
	 	APGPTH50161	 	HSBC — Australia	 	CNOOC-FUJIAN	 	Advance	 	 	12/22/2005	 	 	 	6/8/2008	 	 	CNY	 	 	8,810,501	 	 	 	1,100,432	 
	23 CBI Overseas, LLC
	 	REB/CCO/052296/B    / PEB SGH 051713	 	HSBC — Bank Middle East	 	Exxon Mobil Asia Pacific Pte Ltd.	 	Retention	 	 	6/23/2005	 	 	 	7/31/2006	 	 	SGD	 	 	1,780,000	 	 	 	1,114,173	 
	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
	 	APG/CCO/510392/B	 	HSBC — Bank Middle East	 	Snamprogetti S.p.A	 	Advance/Retention	 	 	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
	 	GTE/CCO/520451/B	 	HSBC — Bank Middle East	 	Snamprogetti S.p.A.	 	Performance	 	 	12/12/2005	 	 	 	7/12/2006	 	 	0	 	 	0	 	 	 	32,061	 
	68 CBI Eastern Anstalt
	 	GTE/CCO/066945/B	 	HSBC — Bank Middle East	 	Snamprogetti SPA	 	Performance	 	 	4/6/2006	 	 	 	9/30/2006	 	 	0	 	 	0	 	 	 	804,193	 
	68 CBI Eastern Anstalt
	 	GTE/CCO/065696/B	 	HSBC — Bank Middle East	 	Snamprogetti S.P.A	 	Performance	 	 	2/14/2006	 	 	 	7/31/2006	 	 	0	 	 	0	 	 	 	4,630,125	 
	68 CBI Eastern Anstalt
	 	PEB/CCO/037573/B	 	HSBC — Bank Middle East	 	Chiyoda Snamprogetti & Co W.L.L.	 	Performance	 	 	8/24/2003	 	 	 	9/19/2007	 	 	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
	 	PEB/CCO/055418/B	 	HSBC — Bank Middle East	 	Chiyoda Snamprogetti & Co. W.L.L.	 	Performance	 	 	1/25/2005	 	 	 	6/30/2006	 	 	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	 	 	 	10/31/2006	 	 	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	 	 	 	6/30/2007	 	 	0	 	 	0	 	 	 	76,250	 
	68 CBI Eastern Anstalt
	 	PEB/CCO/053673/B	 	HSBC — Bank Middle East	 	SNC-Lavalin Gulf Contractors	 	Performance	 	 	8/10/2005	 	 	 	7/10/2006	 	 	0	 	 	0	 	 	 	146,600	 
	68 CBI Eastern Anstalt
	 	PEB/CCO/044089/B / PEB DOH 042531	 	HSBC — Bank Middle East	 	Qatar Fuel (WOQOD)	 	Performance	 	 	11/24/2004	 	 	 	12/31/2006	 	 	QAR	 	 	775,000	 	 	 	212,234	 
	68 CBI Eastern Anstalt
	 	GTE/CCO/066195/B	 	HSBC — Bank Middle East	 	Snamprogetti S.P.A	 	Performance	 	 	3/8/2006	 	 	 	8/31/2006	 	 	0	 	 	0	 	 	 	3,000,364	 
	68 CBI Eastern Anstalt
	 	APG/CCO/057459/B	 	HSBC — Bank Middle East	 	SNC Lavalin Gulf Contractors	 	Advance	 	 	5/14/2005	 	 	 	7/14/2006	 	 	0	 	 	0	 	 	 	146,600	 
	68 CBI Eastern Anstalt
	 	GTE/CCO/065695/B	 	HSBC — Bank Middle East	 	Snamprogetti S.P.A	 	Performance	 	 	2/14/2006	 	 	 	7/31/2006	 	 	0	 	 	0	 	 	 	2,765,251	 
	101 CBI Company & Co. LLC
	 	PEB/CCO/038279/B	 	HSBC — Bank Middle East	 	JGC Corporation	 	Performance	 	 	10/23/2003	 	 	 	7/1/2006	 	 	0	 	 	0	 	 	 	867,435	 
	101 CBI Company & Co. LLC
	 	APG/CCO/053010/G /  APG BAF 050034	 	HSBC — Bank Middle East	 	Oman Proman Contracting and Trading LLC	 	Advance	 	 	6/28/2005	 	 	 	12/31/2007	 	 	0	 	 	0	 	 	 	1,000,000	 
	12 Arabian Gulf Material Supply Company
	 	APG/CCO/052670/B  /  2015	 	HSBC — Bank Middle East	 	Proman GmbH	 	Advance	 	 	6/24/2005	 	 	 	1/20/2007	 	 	0	 	 	0	 	 	 	970,000	 
	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	 
	68 CBI Eastern Anstalt
	 	GTE/CCO/066946/B	 	HSBC — Bank Middle East	 	Snamprogetti SPA	 	Performance	 	 	4/6/2006	 	 	 	9/30/2006	 	 	0	 	 	0	 	 	 	3,713,719	 
	69 Arabian CBI Ltd
	 	PEB/CCO/059289/B	 	HSBC — Bank Middle East	 	JGC Arabia Limited	 	Performance	 	 	8/8/2005	 	 	 	8/8/2006	 	 	SAR	 	 	6,476,250	 	 	 	1,726,698	 
	69 Arabian CBI Ltd
	 	APG/CCO/059288/B	 	HSBC — Bank Middle East	 	JGC Arabia Limited	 	Advance	 	 	8/8/2005	 	 	 	8/8/2006	 	 	SAR	 	 	2,276,250	 	 	 	606,894	 
	69 Arabian CBI Ltd
	 	GTE/CCO/510450/B	 	HSBC — Bank Middle East	 	JGC Arabia Limited	 	Advance	 	 	10/1/2005	 	 	 	10/1/2006	 	 	SAR	 	 	14,700,000	 	 	 	3,919,314	 
	72 Oasis Supply Company Anstalt
	 	PEB/CCO/059290/B	 	HSBC — Bank Middle East	 	JGC Corporation	 	Performance	 	 	8/6/2005	 	 	 	8/6/2006	 	 	0	 	 	0	 	 	 	100,000	 
	72 Oasis Supply Company Anstalt
	 	GTE/CCO/511052/B	 	HSBC — Bank Middle East	 	JGC Corporation	 	Advance	 	 	11/1/2005	 	 	 	11/1/2006	 	 	0	 	 	0	 	 	 	350,000	 
	72 Oasis Supply Company Anstalt
	 	GTE/CCO/512138/B	 	HSBC — Bank Middle East	 	JGC Corporation	 	Advance	 	 	1/3/2006	 	 	 	1/3/2007	 	 	0	 	 	0	 	 	 	100,000	 
	69 Arabian CBI Ltd
	 	GTE/CCO/512137/B	 	HSBC — Bank Middle East	 	JGC Arabia Limited	 	Advance	 	 	1/3/2006	 	 	 	1/3/2007	 	 	SAR	 	 	4,200,000	 	 	 	1,119,804	 
	68 CBI Eastern Anstalt
	 	LG2002382	 	Lloyds TSB Bank	 	Technip Italy S.p.A.	 	Performance	 	 	7/29/2002	 	 	 	12/31/2006	 	 	0	 	 	0	 	 	 	1,199,643	 
	68 CBI Eastern Anstalt
	 	G027961	 	Mashreq Bank	 	Eastern Bechtel Co. Ltd.	 	Performance	 	 	4/28/2002	 	 	 	3/28/2007	 	 	0	 	 	0	 	 	 	22,577	 
	68 CBI Eastern Anstalt
	 	G027962	 	Mashreq Bank	 	Eastern Bechtel Co. Ltd.	 	Retention	 	 	4/28/2002	 	 	 	3/28/2007	 	 	0	 	 	0	 	 	 	22,577	 
	68 CBI Eastern Anstalt
	 	G032738	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor Guarantee	 	 	2/3/2003	 	 	 	2/2/2007	 	 	AED	 	 	135,000	 	 	 	36,748	 
	68 CBI Eastern Anstalt
	 	G030505	 	Mashreq Bank	 	Ministry of Labor	 	Labor Guarantee	 	 	9/11/2002	 	 	 	9/10/2006	 	 	AED	 	 	15,000	 	 	 	4,083	 
	68 CBI Eastern Anstalt
	 	G031219	 	Mashreq Bank	 	Ministry of Labor	 	Labor Guarantee	 	 	10/21/2002	 	 	 	10/21/2006	 	 	AED	 	 	18,000	 	 	 	4,900	 
	68 CBI Eastern Anstalt
	 	G031797	 	Mashreq Bank	 	Ministry of Labor	 	Labor Guarantee	 	 	12/1/2002	 	 	 	11/29/2006	 	 	AED	 	 	51,000	 	 	 	13,883	 
	68 CBI Eastern Anstalt
	 	G032192	 	Mashreq Bank	 	Ministry of Labor	 	Labor Guarantee	 	 	12/30/2002	 	 	 	12/28/2006	 	 	AED	 	 	51,000	 	 	 	13,883	 
	68 CBI Eastern Anstalt
	 	G034082	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	4/22/2003	 	 	 	4/20/2007	 	 	AED	 	 	93,000	 	 	 	25,316	 
	68 CBI Eastern Anstalt
	 	G033317	 	Mashreq Bank	 	Ministry of Labor & Social Affairs — Labor Sector	 	Labor Guarantee	 	 	3/10/2003	 	 	 	3/9/2007	 	 	AED	 	 	9,000	 	 	 	2,450	 






 


 









 






Schedule 1.1.4 — LC’s & Surety Bonds




CHICAGO BRIDGE & IRON COMPANY N.V.

Consolidated LC’s & Bank Guarantee’s as of June 30, 2006




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Expiry	 	 	 	 	currency	 	 	Value in	 
	Entity	 	LC Number	 	Issued by	 	Beneficiary	 	Purpose	 	Issued	 	 	Date	 	 	Currency	 	of issue	 	 	USD	 
	68 CBI Eastern Anstalt
	 	G033588	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	3/25/2003	 	 	 	3/24/2007	 	 	AED	 	 	81,000	 	 	 	22,049	 
	68 CBI Eastern Anstalt
	 	G041536	 	Mashreq Bank	 	Ministry of Labor and Social Affair	 	Labor Guarantee	 	 	8/8/2004	 	 	 	10/7/2006	 	 	AED	 	 	42,000	 	 	 	11,433	 
	68 CBI Eastern Anstalt
	 	G041830	 	Mashreq Bank	 	Ministry of Labor and Social Affair	 	Labor Guarantee	 	 	8/23/2004	 	 	 	10/22/2006	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G041943000	 	Mashreq Bank	 	Ministry of Labor and Social Affair	 	Labor Guarantee	 	 	8/29/2004	 	 	 	10/28/2006	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G042249000	 	Mashreq Bank	 	Ministry of Labor and Social Affair	 	Labor Guarantee	 	 	9/15/2004	 	 	 	10/14/2006	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G033066	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	2/24/2003	 	 	 	2/23/2007	 	 	AED	 	 	24,000	 	 	 	6,533	 
	68 CBI Eastern Anstalt
	 	G034167	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	4/27/2003	 	 	 	4/26/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G044076	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	1/6/2005	 	 	 	2/5/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G044192	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	1/15/2005	 	 	 	1/14/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G044292	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	1/18/2005	 	 	 	1/17/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G044485	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	2/1/2005	 	 	 	1/31/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G044693	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	2/13/2005	 	 	 	2/12/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G046934	 	Mashreq Bank	 	Ministry of Labor and Social Affairs-Labor Secto	 	Labor Guarantee	 	 	6/12/2005	 	 	 	6/11/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G047122	 	Mashreq Bank	 	Ministry of Labor and Social Affair	 	Labor Guarantee	 	 	6/25/2005	 	 	 	7/24/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G047228	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	6/28/2005	 	 	 	6/27/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G047498	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	7/11/2005	 	 	 	7/10/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G047848	 	Mashreq Bank	 	Ministry of Labor and Social Affairs-Labor Sector	 	Labor Guarantee	 	 	8/2/2005	 	 	 	8/1/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G047973	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	8/11/2005	 	 	 	8/10/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G048182	 	Mashreq Bank	 	Ministry of Labor and Social Affair - Labor Secto	 	Labor Guarantee	 	 	8/23/2005	 	 	 	10/22/2006	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G048313	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	8/30/2005	 	 	 	10/29/2006	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G048417	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	9/7/2005	 	 	 	10/6/2006	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G048567	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	9/14/2005	 	 	 	10/13/2006	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G048832	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	9/29/2005	 	 	 	10/28/2006	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G048838	 	Mashreq Bank	 	Ministry of Economy and Planning	 	Labor Guarantee	 	 	10/1/2005	 	 	 	10/30/2007	 	 	AED	 	 	50,000	 	 	 	13,611	 
	68 CBI Eastern Anstalt
	 	G048837	 	Mashreq Bank	 	Ministry of Economy and Plannning	 	Labor Guarantee	 	 	10/1/2005	 	 	 	10/30/2007	 	 	AED	 	 	50,000	 	 	 	13,611	 
	68 CBI Eastern Anstalt
	 	G042480	 	Mashreq Bank	 	Ministry of Labor and Social Affair	 	Labor Guarantee	 	 	9/27/2004	 	 	 	9/26/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G042598	 	Mashreq Bank	 	Ministry of Labor and Social Affair	 	Labor Guarantee	 	 	10/4/2004	 	 	 	10/3/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G042845	 	Mashreq Bank	 	Ministry of Labor and Social Affair	 	Labor Guarantee	 	 	10/19/2004	 	 	 	10/18/2006	 	 	AED	 	 	6,000	 	 	 	1,633	 
	68 CBI Eastern Anstalt
	 	G042846	 	Mashreq Bank	 	Ministry of Labor and Social Affair	 	Labor Guarantee	 	 	10/19/2004	 	 	 	10/18/2006	 	 	AED	 	 	6,000	 	 	 	1,633	 
	68 CBI Eastern Anstalt
	 	G042975	 	Mashreq Bank	 	Contrack International Inc.	 	Performance	 	 	10/26/2004	 	 	 	9/1/2006	 	 	0	 	 	0	 	 	 	218,300	 
	68 CBI Eastern Anstalt
	 	G045098	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	3/9/2005	 	 	 	3/8/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G049068	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	10/15/2005	 	 	 	10/14/2006	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G048947	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	10/6/2005	 	 	 	10/5/2006	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G049113	 	Mashreq Bank	 	Contrack International Inc.	 	Warranty	 	 	10/18/2005	 	 	 	10/30/2006	 	 	0	 	 	0	 	 	 	109,150	 
	68 CBI Eastern Anstalt
	 	G049815	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Labor Secto	 	Labor Guarantee	 	 	11/24/2005	 	 	 	11/23/2006	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G050130	 	Mashreq Bank	 	Ministry of Labor and Social Affairs Labor Sector	 	Labor Guarantee	 	 	12/12/2005	 	 	 	12/11/2006	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G049951	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	12/4/2005	 	 	 	12/3/2006	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G049952	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	12/4/2005	 	 	 	12/3/2006	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G050332	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	12/22/2005	 	 	 	12/21/2006	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G050450	 	Mashreq Bank	 	Abu Dhabi National Oil Company for Distribution	 	Warranty	 	 	12/28/2005	 	 	 	12/31/2006	 	 	AED	 	 	500,000	 	 	 	136,105	 
	68 CBI Eastern Anstalt
	 	G051289	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Abu Dhabi	 	Labor Guarantee	 	 	2/21/2006	 	 	 	2/20/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G051524	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor Guarantee	 	 	3/2/2006	 	 	 	3/1/2007	 	 	AED	 	 	105,000	 	 	 	28,582	 
	68 CBI Eastern Anstalt
	 	G052435	 	Mashreq Bank	 	Abu Dhabi National Oil Company	 	Financial	 	 	4/19/2006	 	 	 	4/18/2007	 	 	AED	 	 	30,000	 	 	 	8,166	 
	68 CBI Eastern Anstalt
	 	G052190	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	4/4/2006	 	 	 	4/3/2007	 	 	AED	 	 	15,000	 	 	 	4,083	 
	68 CBI Eastern Anstalt
	 	G052203	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	4/5/2006	 	 	 	4/4/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G052409	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	4/19/2006	 	 	 	4/18/2007	 	 	AED	 	 	15,000	 	 	 	4,083	 
	68 CBI Eastern Anstalt
	 	G052474	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	4/23/2006	 	 	 	4/22/2007	 	 	AED	 	 	102,000	 	 	 	27,765	 
	68 CBI Eastern Anstalt
	 	G052618	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	4/30/2006	 	 	 	4/29/2007	 	 	AED	 	 	192,000	 	 	 	52,264	 
	68 CBI Eastern Anstalt
	 	G052652	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Abu Dhabi	 	Labor Guarantee	 	 	5/1/2006	 	 	 	4/30/2007	 	 	AED	 	 	96,000	 	 	 	26,132	 
	68 CBI Eastern Anstalt
	 	G052754	 	Mashreq Bank	 	Abu Dhabi National Oil Company for Distribution	 	Financial	 	 	5/3/2006	 	 	 	5/2/2007	 	 	AED	 	 	160,000	 	 	 	43,554	 
	68 CBI Eastern Anstalt
	 	G052798	 	Mashreq Bank	 	Bemco Contracting Company Qatar (WLL)	 	Advance	 	 	5/8/2006	 	 	 	3/15/2007	 	 	0	 	 	0	 	 	 	342,800	 
	68 CBI Eastern Anstalt
	 	G052946	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor Guarantee	 	 	5/15/2006	 	 	 	5/14/2007	 	 	AED	 	 	114,000	 	 	 	31,032	 
	68 CBI Eastern Anstalt
	 	G052967	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor Guarantee	 	 	5/15/2006	 	 	 	5/14/2007	 	 	AED	 	 	9,000	 	 	 	2,450	 






 


 









 







Schedule 1.1.4 — LC’s & Surety Bonds




CHICAGO BRIDGE & IRON COMPANY N.V.

Consolidated LC’s & Bank Guarantee’s as of June 30, 2006




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Expiry	 	 	 	 	currency	 	 	Value in	 
	Entity	 	LC Number	 	Issued by	 	Beneficiary	 	Purpose	 	Issued	 	 	Date	 	 	Currency	 	of issue	 	 	USD	 
	68 CBI Eastern Anstalt
	 	G052990	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor Guarantee	 	 	5/15/2006	 	 	 	5/14/2007	 	 	AED	 	 	9,000	 	 	 	2,450	 
	68 CBI Eastern Anstalt
	 	G053160	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Abu Dhabi	 	Labor Guarantee	 	 	5/25/2006	 	 	 	5/24/2007	 	 	AED	 	 	165,000	 	 	 	44,915	 
	68 CBI Eastern Anstalt
	 	G052951	 	Mashreq Bank	 	Bemco Contracting Company Qatar (WLL)	 	Performance	 	 	5/14/2006	 	 	 	3/15/2007	 	 	0	 	 	0	 	 	 	85,700	 
	68 CBI Eastern Anstalt
	 	G053316	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	6/3/2006	 	 	 	6/2/2007	 	 	AED	 	 	9,000	 	 	 	2,450	 
	68 CBI Eastern Anstalt
	 	G053537	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	6/14/2006	 	 	 	6/13/2007	 	 	AED	 	 	30,000	 	 	 	8,166	 
	68 CBI Eastern Anstalt
	 	G053539	 	Mashreq Bank	 	Jebel Ali Free Zone Authority	 	Labor Guarantee	 	 	6/14/2006	 	 	 	6/13/2007	 	 	AED	 	 	75,000	 	 	 	20,416	 
	68 CBI Eastern Anstalt
	 	G053542	 	Mashreq Bank	 	Nouman Fouad Trading	 	Financial	 	 	6/14/2006	 	 	 	4/30/2007	 	 	AED	 	 	640,000	 	 	 	174,214	 
	68 CBI Eastern Anstalt
	 	G053611	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor Guarantee	 	 	6/18/2006	 	 	 	6/17/2007	 	 	AED	 	 	24,000	 	 	 	6,533	 
	68 CBI Eastern Anstalt
	 	G050558	 	Mashreq Bank	 	Jebel Ali Free Zone Authority	 	Labor Guarantee	 	 	1/12/2006	 	 	 	1/11/2007	 	 	AED	 	 	50,000	 	 	 	13,611	 
	68 CBI Eastern Anstalt
	 	G050518	 	Mashreq Bank	 	ENOC - Emirates National Oil Company	 	Advance	 	 	1/4/2006	 	 	 	6/27/2007	 	 	0	 	 	0	 	 	 	1,126,500	 
	68 CBI Eastern Anstalt
	 	G050929	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor Guarantee	 	 	1/31/2006	 	 	 	1/30/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G050944	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor Guarantee	 	 	2/2/2006	 	 	 	2/1/2007	 	 	AED	 	 	3,000	 	 	 	817	 
	68 CBI Eastern Anstalt
	 	G051108	 	Mashreq Bank	 	Ministry of Labor & Social Affairs-Abu Dhabi	 	Labor Guarantee	 	 	2/12/2006	 	 	 	2/11/2007	 	 	AED	 	 	51,000	 	 	 	13,883	 
	68 CBI Eastern Anstalt
	 	G051180	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor Guarantee	 	 	2/15/2006	 	 	 	2/14/2007	 	 	AED	 	 	6,000	 	 	 	1,633	 
	101 CBI Company & Co. LLC
	 	G050942	 	Mashreq Bank	 	Mitsubishi Heavy Industries Fertiliser Project	 	Performance	 	 	2/6/2006	 	 	 	5/31/2009	 	 	0	 	 	0	 	 	 	53,000	 
	101 CBI Company & Co. LLC
	 	G050941	 	Mashreq Bank	 	Mitsubishi Heavy Industries Fertiliser Project	 	Advance	 	 	2/6/2006	 	 	 	5/31/2007	 	 	0	 	 	0	 	 	 	106,000	 
	12 Arabian Gulf Material Supply Company
	 	G050953	 	Mashreq Bank	 	Mitsubishi Heavy Industries, Ltd.	 	Advance	 	 	2/6/2006	 	 	 	5/31/2007	 	 	0	 	 	0	 	 	 	1,116,000	 
	12 Arabian Gulf Material Supply Company
	 	G050954	 	Mashreq Bank	 	Mitsubishi Heavy Industries, Ltd.	 	Performance	 	 	2/6/2006	 	 	 	5/31/2009	 	 	0	 	 	0	 	 	 	372,000	 
	72 Oasis Supply Company Anstalt
	 	G033061	 	Mashreq Bank	 	Chiyoda Corporation	 	Performance	 	 	2/24/2003	 	 	 	7/31/2006	 	 	0	 	 	0	 	 	 	157,569	 
	28 Howe Baker Eastern Ltd.
	 	G047113	 	Mashreq Bank	 	Ministry of Economy and Planning	 	Labor Guarantee	 	 	6/23/2005	 	 	 	6/22/2007	 	 	AED	 	 	50,000	 	 	 	13,611	 
	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	 
	68 CBI Eastern Anstalt
	 	20060808173	 	National Bank of Kuwait	 	Kuwait Paraxylene Production Company	 	Bid	 	 	6/18/2006	 	 	 	9/18/2006	 	 	0	 	 	0	 	 	 	450,000	 
	117 Pacific Rim-Fujian Br.
	 	10847 AA 000022	 	Nationale Borg	 	Emmanuel Cotessat-Societe D'Advocats	 	Tax guarantee	 	 	11/16/2005	 	 	 	11/16/2006	 	 	EUR	 	 	50,000	 	 	 	62,746	 
	58 CB & I (UK)
	 	10847 AA 23	 	Nationale Borg	 	BG International Limited	 	Performance	 	 	6/9/2006	 	 	 	12/30/2007	 	 	GBP	 	 	180,200	 	 	 	327,234	 
	50 CBI Europe BV
	 	10847 AA 0013	 	Nationale Borg	 	Kantoren Fonds Nederland B.V.	 	Financial	 	 	4/10/2002	 	 	 	4/1/2007	 	 	EUR	 	 	27,663	 	 	 	34,715	 
	583 CB & I (UK)
	 	G838	 	Qatar National Bank	 	South Hook LNG Terminal Company Limited	 	Performance	 	 	1/14/2005	 	 	 	4/30/2010	 	 	GBP	 	 	16,795,950	 	 	 	30,500,605	 
	583 CB & I (UK)
	 	G832	 	Qatar National Bank	 	South Hook LNG Terminal Company Limited	 	Performance	 	 	11/1/2004	 	 	 	7/31/2009	 	 	GBP	 	 	40,936,750	 	 	 	74,339,091	 
	69 Arabian CBI Ltd
	 	3000363173	 	Saudi American Bank	 	Saudi Binladin	 	Warranty	 	 	11/28/1996	 	 	 	12/31/2006	 	 	0	 	 	0	 	 	 	82,734	 
	69 Arabian CBI Ltd
	 	3000366483	 	Saudi American Bank	 	Chiyoda	 	Performance	 	 	3/10/2003	 	 	 	7/31/2006	 	 	0	 	 	0	 	 	 	187,466	 
	69 Arabian CBI Ltd
	 	3000367213	 	Saudi American Bank	 	Jubail United Petrochemical Co.	 	Performance	 	 	8/2/2004	 	 	 	8/31/2006	 	 	SAR	 	 	776,095	 	 	 	206,922	 
	69 Arabian CBI Ltd
	 	3000367159	 	Saudi American Bank	 	MMG	 	Performance	 	 	6/28/2004	 	 	 	3/31/2007	 	 	SAR	 	 	1,092,469	 	 	 	291,274	 
	69 Arabian CBI Ltd
	 	3000367170	 	Saudi American Bank	 	Chiyoda	 	Retention	 	 	7/7/2004	 	 	 	8/8/2006	 	 	0	 	 	0	 	 	 	374,932	 
	69 Arabian CBI Ltd
	 	3000367180	 	Saudi American Bank	 	Snamprogetti	 	Retention	 	 	7/11/2004	 	 	 	7/1/2006	 	 	SAR	 	 	434,518	 	 	 	115,851	 
	69 Arabian CBI Ltd
	 	3000366879	 	Saudi American Bank	 	Jubail United Petrochemical Co,	 	Retention	 	 	1/18/2004	 	 	 	10/31/2006	 	 	SAR	 	 	2,794,014	 	 	 	744,940	 
	69 Arabian CBI Ltd
	 	3000366947	 	Saudi American Bank	 	Jubail United Petrochemical Co,	 	Performance	 	 	1/25/2004	 	 	 	10/31/2006	 	 	SAR	 	 	1,921,500	 	 	 	512,310	 
	69 Arabian CBI Ltd
	 	3000366933	 	Saudi American Bank	 	Jubail United Petrochemical Co,	 	Performance	 	 	1/18/2004	 	 	 	10/31/2006	 	 	SAR	 	 	308,500	 	 	 	82,252	 
	69 Arabian CBI Ltd
	 	3000366934	 	Saudi American Bank	 	Jubail United Petrochemical Co,	 	Retention	 	 	1/18/2004	 	 	 	10/31/2006	 	 	SAR	 	 	308,500	 	 	 	82,252	 
	69 Arabian CBI Ltd
	 	3000367517	 	Saudi American Bank	 	CAT	 	Performance	 	 	2/26/2005	 	 	 	3/9/2007	 	 	0	 	 	0	 	 	 	520,000	 
	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
	 	3000367596	 	Saudi American Bank	 	Snamprogetti	 	Retention	 	 	4/10/2005	 	 	 	12/15/2006	 	 	0	 	 	0	 	 	 	628,657	 
	69 Arabian CBI Ltd
	 	3000367902	 	Saudi American Bank	 	Sharq	 	Performance	 	 	8/10/2005	 	 	 	11/30/2007	 	 	0	 	 	0	 	 	 	5,674,338	 
	69 Arabian CBI Ltd
	 	3000367976	 	Saudi American Bank	 	Sharq	 	Retention	 	 	9/12/2005	 	 	 	11/16/2007	 	 	0	 	 	0	 	 	 	2,826,228	 
	69 Arabian CBI Ltd
	 	3000368022	 	Saudi American Bank	 	Samsung	 	Performance	 	 	10/4/2005	 	 	 	2/17/2007	 	 	0	 	 	0	 	 	 	215,000	 
	69 Arabian CBI Ltd
	 	3000368033	 	Saudi American Bank	 	Samsung	 	Advance	 	 	10/9/2005	 	 	 	2/17/2007	 	 	0	 	 	0	 	 	 	430,000	 
	69 Arabian CBI Ltd
	 	3000368052	 	Saudi American Bank	 	Saudi Archirodon	 	Advance	 	 	10/23/2005	 	 	 	4/30/2007	 	 	SAR	 	 	2,019,915	 	 	 	538,550	 
	69 Arabian CBI Ltd
	 	3000368053	 	Saudi American Bank	 	Saudi Archirodon	 	Performance	 	 	10/23/2005	 	 	 	4/30/2007	 	 	SAR	 	 	2,019,915	 	 	 	538,550	 
	69 Arabian CBI Ltd
	 	3000368169	 	Saudi American Bank	 	JUPC	 	Advance	 	 	1/28/2006	 	 	 	1/28/2007	 	 	SAR	 	 	3,462,042	 	 	 	923,050	 
	69 Arabian CBI Ltd
	 	3000368170	 	Saudi American Bank	 	JUPC	 	Performance	 	 	1/28/2006	 	 	 	1/28/2009	 	 	SAR	 	 	1,731,021	 	 	 	461,525	 
	69 Arabian CBI Ltd
	 	3000368171	 	Saudi American Bank	 	JUPC	 	Retention	 	 	1/28/2006	 	 	 	1/28/2007	 	 	SAR	 	 	1,731,021	 	 	 	461,525	 
	69 Arabian CBI Ltd
	 	3000368358	 	Saudi American Bank	 	Samsung	 	Advance	 	 	3/1/2006	 	 	 	8/20/2007	 	 	0	 	 	0	 	 	 	594,000	 
	69 Arabian CBI Ltd
	 	3000368357	 	Saudi American Bank	 	Samsung	 	Performance	 	 	3/1/2006	 	 	 	8/20/2007	 	 	0	 	 	0	 	 	 	297,000	 






 


 









 







Schedule 1.1.4 — LC’s & Surety Bonds




CHICAGO BRIDGE & IRON COMPANY N.V.

Consolidated LC’s & Bank Guarantee’s as of June 30, 2006




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Expiry	 	 	 	 	currency	 	 	Value in	 
	Entity	 	LC Number	 	Issued by	 	Beneficiary	 	Purpose	 	Issued	 	 	Date	 	 	Currency	 	of issue	 	 	USD	 
	70 CBI Constructors S.A. (South Africa)
	 	M302406	 	Standard Bank	 	Dept. Customs & Excise	 	Financial	 	 	11/7/1995	 	 	 	12/31/2010	 	 	ZAR	 	 	2,500	 	 	 	344	 
	70 CBI Constructors S.A. (South Africa)
	 	M420120	 	Standard Bank	 	Sasol Petroleum Tamane	 	Retention	 	 	3/17/2003	 	 	 	7/31/2006	 	 	ZAR	 	 	226,211	 	 	 	31,115	 
	70 CBI Constructors S.A. (South Africa)
	 	M451944	 	Standard Bank	 	Engen Refinery	 	Retention	 	 	6/7/2005	 	 	 	4/8/2007	 	 	ZAR	 	 	212,306	 	 	 	29,203	 
	77 CBI ST Limited(Thailand)
	 	DU1/CGY305408 / 359-02-0401420	 	Standard Chartered Bank	 	Nacap Asia Pacific (Thailand) Co. Ltd.	 	Performance	 	 	12/11/2003	 	 	 	1/31/2007	 	 	0	 	 	0	 	 	 	605,797	 
	77 CBI ST Limited(Thailand)
	 	DU1/CGY305409 / 359-02-0401527	 	Standard Chartered Bank	 	Nacap Asia Pacific (Thailand) Co. Ltd.	 	Performance	 	 	12/11/2003	 	 	 	1/31/2007	 	 	THB	 	 	10,852,465	 	 	 	282,164	 
	77 CBI ST Limited(Thailand)
	 	DU1/CGY400595 / 359-02-0405186	 	Standard Chartered Bank	 	Nacap Asia Pacific (Thailand) Co., Ltd.	 	Retention	 	 	2/20/2004	 	 	 	3/31/2007	 	 	THB	 	 	10,340,365	 	 	 	268,849	 
	11 Pacific Rim Material Supply Company
	 	DU1/CGY400370	 	Standard Chartered Bank	 	Vopak Shanghai Logistics Co. Ltd.	 	Performance	 	 	1/27/2004	 	 	 	7/27/2006	 	 	0	 	 	0	 	 	 	1,094,000	 
	11 Pacific Rim Material Supply Company
	 	DU1/CGY50000213	 	Standard Chartered Bank	 	Shanghai Secco Petrochemical Company Ltd.	 	Warranty	 	 	1/18/2005	 	 	 	3/31/2007	 	 	0	 	 	0	 	 	 	2,201,892	 
	23 CBI Overseas, LLC
	 	DU1/CG0600341	 	Standard Chartered Bank	 	Controller of Immigration — Singapore	 	Warranty	 	 	1/26/2006	 	 	 	1/22/2007	 	 	SGD	 	 	250,000	 	 	 	156,485	 
	117 Pacific Rim-Fujian Br.
	 	DU1/CG0505797	 	Standard Chartered Bank	 	CNOOC Fujian LNG Co. Ltd.	 	Performance	 	 	12/19/2005	 	 	 	12/19/2007	 	 	0	 	 	0	 	 	 	13,700,000	 
	98 CMP BV
	 	DU/CGY303412	 	Standard Chartered Bank	 	Chiyotec Limited	 	Performance	 	 	7/28/2003	 	 	 	11/30/2008	 	 	0	 	 	0	 	 	 	5,882,739	 
	98 CMP BV
	 	DU1/CGY303411	 	Standard Chartered Bank	 	Chiyotec Limited	 	Advance	 	 	7/28/2003	 	 	 	3/31/2007	 	 	0	 	 	0	 	 	 	8,824,109	 
	505 CBI Europe BV (China)
	 	DU1/CGY400377 / 00333-02-00005476	 	Standard Chartered Bank	 	Vopak Shanghai Logistic Co. Ltd.	 	Performance	 	 	1/27/2004	 	 	 	7/1/2006	 	 	CNY	 	 	4,634,896	 	 	 	578,899	 
	506 CBI Europe BV (Sakhalin)
	 	DU1/CGY303409	 	Standard Chartered Bank	 	CTSD Limited	 	Performance	 	 	7/28/2003	 	 	 	11/30/2008	 	 	0	 	 	0	 	 	 	3,717,261	 
	506 CBI Europe BV (Sakhalin)
	 	DU1/CGY303410	 	Standard Chartered Bank	 	CTSD Limited	 	Advance	 	 	7/28/2003	 	 	 	3/31/2007	 	 	0	 	 	0	 	 	 	5,575,892	 
	68 CBI Eastern Anstalt
	 	DU1/CGY502015	 	Standard Chartered Bank	 	Taisei Corporation	 	Retention	 	 	5/5/2005	 	 	 	9/8/2006	 	 	0	 	 	0	 	 	 	838,308	 
	70 CBI Constructors S.A. (South Africa)
	 	ZABOG40043	 	Standard Chartered Bank	 	Linde AG	 	Warranty	 	 	8/11/2004	 	 	 	7/31/2006	 	 	ZAR	 	 	2,009,673	 	 	 	276,431	 
	70 CBI Constructors S.A. (South Africa)
	 	ZABOG40056	 	Standard Chartered Bank	 	Technip South Africa	 	Performance	 	 	9/22/2004	 	 	 	9/30/2007	 	 	ZAR	 	 	648,153	 	 	 	89,153	 
	70 CBI Constructors S.A. (South Africa)
	 	ZABOG50033	 	Standard Chartered Bank	 	Sasol Technology (Pty)	 	Warranty	 	 	9/14/2005	 	 	 	5/31/2007	 	 	ZAR	 	 	600,315	 	 	 	82,573	 
	70 CBI Constructors S.A. (South Africa)
	 	ZABOG50034	 	Standard Chartered Bank	 	Sasol Technology (Pty)	 	Warranty	 	 	9/14/2005	 	 	 	5/31/2007	 	 	ZAR	 	 	803,098	 	 	 	110,466	 
	70 CBI Constructors S.A. (South Africa)
	 	ZABOG50035	 	Standard Chartered Bank	 	Sasol Technology (Pty)	 	Warranty	 	 	9/14/2005	 	 	 	6/27/2007	 	 	ZAR	 	 	400,669	 	 	 	55,112	 
	70 CBI Constructors S.A. (South Africa)
	 	ZABOG50042	 	Standard Chartered Bank	 	Sasol Technology (Pty) Ltd.	 	Warranty	 	 	7/19/2005	 	 	 	7/19/2006	 	 	ZAR	 	 	2,833,342	 	 	 	389,726	 
	702 CBI Constructors S.A. (Angola)
	 	ZABOG40053	 	Standard Chartered Bank	 	Group Five	 	Retention	 	 	8/27/2004	 	 	 	8/27/2006	 	 	0	 	 	0	 	 	 	582,000	 
	69 Arabian CBI Ltd
	 	DU1/CGY500814	 	Standard Chartered Bank	 	JGC Arabia Limited	 	Advance	 	 	3/1/2005	 	 	 	9/30/2006	 	 	0	 	 	0	 	 	 	798,823	 
	72 Oasis Supply Company Anstalt
	 	DU1/CGY500813	 	Standard Chartered Bank	 	JGC Corporation	 	Advance	 	 	3/1/2005	 	 	 	7/1/2006	 	 	0	 	 	0	 	 	 	771,177	 
	72 Oasis Supply Company Anstalt
	 	DU1/CGY500811	 	Standard Chartered Bank	 	JGC Corporation	 	Advance	 	 	3/1/2005	 	 	 	7/1/2006	 	 	0	 	 	0	 	 	 	2,699,119	 
	72 Oasis Supply Company Anstalt
	 	DU1/CGY502237	 	Standard Chartered Bank	 	JGC Corporation	 	Advance	 	 	5/16/2005	 	 	 	7/1/2006	 	 	0	 	 	0	 	 	 	2,699,119	 
	69 Arabian CBI Ltd
	 	DU1/CGY500815	 	Standard Chartered Bank	 	JGC Arabia Limited	 	Performance	 	 	3/1/2005	 	 	 	3/31/2009	 	 	0	 	 	0	 	 	 	798,823	 
	68 CBI Eastern Anstalt
	 	GT02/1999/0443  /  DU1/CG9920443	 	Standard Chartered Grindlays	 	Jebel Ali Free Zone Authority	 	Labor Guarantee	 	 	9/1/1999	 	 	 	10/1/2006	 	 	AED	 	 	100,000	 	 	 	27,221	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Bi-lateral Utilization
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	345,887,346	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	117 Pacific Rim-Fujian Br.
	 	223002	 	REV Credit Facility	 	CNOOC-Fujian LNG, ltd	 	Advance	 	 	1/6/2006	 	 	 	4/21/2007	 	 	0	 	 	0	 	 	 	5,114,655	 
	08 CBI NV
	 	750105	 	REV Credit Facility	 	AIG	 	Financial	 	 	10/22/2001	 	 	 	2/7/2007	 	 	0	 	 	0	 	 	 	4,436,842	 
	08 CBI NV
	 	751694	 	REV Credit Facility	 	St Paul Fire and Marine Insurance	 	Financial	 	 	11/21/2003	 	 	 	8/22/2006	 	 	0	 	 	0	 	 	 	10,557,607	 
	39 CBI (Delaware)
	 	SLT321426	 	REV Credit Facility	 	Bank One NA	 	Financial	 	 	5/29/2001	 	 	 	8/31/2006	 	 	0	 	 	0	 	 	 	2,000,000	 
	39 CBI (Delaware)
	 	SLT751064	 	REV Credit Facility	 	Continental Casualty Company	 	Financial	 	 	2/1/2003	 	 	 	2/1/2007	 	 	0	 	 	0	 	 	 	9,441,000	 
	39 CBI (Delaware)
	 	251625	 	REV Credit Facility	 	Federal Insurance Company	 	Financial	 	 	3/28/2006	 	 	 	3/16/2007	 	 	0	 	 	0	 	 	 	12,500,000	 
	Woodlands International Insurance Comp.
	 	246955	 	REV Credit Facility	 	Zurich American Insurance Company	 	Financial	 	 	3/22/2006	 	 	 	3/31/2007	 	 	0	 	 	0	 	 	 	20,000,000	 
	45 Central Trading Company Ltd
	 	CPCS-645328	 	REV Credit Facility	 	Crystallex International Corporation	 	Advance	 	 	7/19/2005	 	 	 	7/13/2006	 	 	0	 	 	0	 	 	 	513,025	 
	45 Central Trading Company Ltd
	 	207192	 	REV Credit Facility	 	Ingeneria y Construccion Sigdo Koppers S.A.	 	Performance	 	 	10/12/2005	 	 	 	6/28/2007	 	 	0	 	 	0	 	 	 	84,300	 
	45 Central Trading Company Ltd
	 	207123	 	REV Credit Facility	 	Ingeneria y Construccion Sigdo Koppers S.A.	 	Performance	 	 	10/12/2005	 	 	 	6/28/2007	 	 	0	 	 	0	 	 	 	348,700	 
	47 Constructora CBI Limitada (Chile)
	 	CPCS-647027	 	REV Credit Facility	 	Salfa Montajes S.A.	 	Performance	 	 	8/3/2005	 	 	 	12/31/2006	 	 	0	 	 	0	 	 	 	237,659	 
	47 Constructora CBI Limitada (Chile)
	 	213571	 	REV Credit Facility	 	Compania de Petroleos de Chile COPEC	 	Advance	 	 	11/14/2005	 	 	 	3/27/2007	 	 	0	 	 	0	 	 	 	530,035	 
	47 Constructora CBI Limitada (Chile)
	 	213570	 	REV Credit Facility	 	Compania de Petroleos de Chile COPEC	 	Advance	 	 	11/14/2005	 	 	 	3/27/2007	 	 	0	 	 	0	 	 	 	113,410	 
	CBI Americas Ltd
	 	CPCS-638169	 	REV Credit Facility	 	Gasmar S.A.	 	Performance	 	 	5/17/2005	 	 	 	6/23/2007	 	 	0	 	 	0	 	 	 	303,979	 
	CBI Americas Ltd
	 	212424	 	REV Credit Facility	 	Hovensa L.L.C.	 	Performance	 	 	11/8/2005	 	 	 	10/16/2007	 	 	0	 	 	0	 	 	 	1,186,764	 
	21 Oceanic Contractors
	 	264150	 	REV Credit Facility	 	Pluspetrol Peru Corporation	 	Performance	 	 	6/6/2006	 	 	 	10/17/2007	 	 	0	 	 	0	 	 	 	762,840	 
	21 Oceanic Contractors
	 	264148	 	REV Credit Facility	 	Pluspetrol Peru Corporation	 	Performance	 	 	6/6/2006	 	 	 	10/29/2007	 	 	0	 	 	0	 	 	 	89,929	 
	CSA Trading Company Ltd
	 	264147	 	REV Credit Facility	 	Pluspetrol Peru Corporation	 	Performance	 	 	6/6/2006	 	 	 	5/30/2007	 	 	0	 	 	0	 	 	 	3,879,055	 
	71 CSA Trading Company Ltd
	 	220666	 	REV Credit Facility	 	Crystallex International Corporation	 	Performance	 	 	12/15/2005	 	 	 	12/20/2006	 	 	0	 	 	0	 	 	 	513,025	 
	71 CSA Trading Company Ltd
	 	217595	 	REV Credit Facility	 	Pluspetrol Peru Corporation S.A.	 	Advance	 	 	11/30/2005	 	 	 	9/1/2006	 	 	0	 	 	0	 	 	 	16,686,394	 
	50 CBI Europe BV
	 	ST4042/04	 	REV Credit Facility	 	Atyrau Branch of PFD International LLC	 	Performance	 	 	9/10/2004	 	 	 	8/1/2007	 	 	0	 	 	0	 	 	 	628,469	 






 


 









 






Schedule 1.1.4 — LC’s & Surety Bonds




CHICAGO BRIDGE & IRON COMPANY N.V.

Consolidated LC’s & Bank Guarantee’s as of June 30, 2006




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Expiry	 	 	 	 	currency	 	 	Value in	 
	Entity	 	LC Number	 	Issued by	 	Beneficiary	 	Purpose	 	Issued	 	 	Date	 	 	Currency	 	of issue	 	 	USD	 
	58 CB & I (UK)
	 	ST4003/04	 	REV Credit Facility	 	EnCana (UK) Limited	 	Performance	 	 	1/22/2004	 	 	 	1/5/2007	 	 	GBP	 	 	3,750,000	 	 	 	7,015,313	 
	50 CBI Europe BV
	 	642613	 	REV Credit Facility	 	PFD International LLC	 	Performance	 	 	6/27/2005	 	 	 	4/17/2007	 	 	0	 	 	0	 	 	 	660,000	 
	50 CBI Europe BV
	 	251562	 	REV Credit Facility	 	CNOOC-FUJIAN LNG CO	 	Advance	 	 	3/28/2006	 	 	 	4/30/2007	 	 	0	 	 	0	 	 	 	1,659,235	 
	50 CBI Europe BV
	 	251601	 	REV Credit Facility	 	CNOOC-FUJIAN LNG CO	 	Advance	 	 	3/28/2006	 	 	 	4/30/2007	 	 	0	 	 	0	 	 	 	625,565	 
	508 CBI Europe/Chengda Cons
	 	227859	 	REV Credit Facility	 	CNOOC-Fujian LNG Co	 	Advance	 	 	1/20/2006	 	 	 	3/31/2007	 	 	0	 	 	0	 	 	 	2,009,807	 
	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	 
	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	 
	92 Howe Baker Engineers
	 	751680	 	REV Credit Facility	 	Marathon Ashland Petroleum LLC	 	Retention	 	 	11/19/2003	 	 	 	11/7/2007	 	 	0	 	 	0	 	 	 	3,258,319	 
	92 Howe Baker Engineers
	 	410076	 	REV Credit Facility	 	JGC (USA), Inc.	 	Performance	 	 	3/17/2004	 	 	 	7/31/2007	 	 	0	 	 	0	 	 	 	80,900	 
	92 Howe Baker Engineers
	 	CPCS-637798	 	REV Credit Facility	 	Petrolera Zuata, Petrozuata C.A.	 	Performance	 	 	5/12/2005	 	 	 	6/30/2006	 	 	0	 	 	0	 	 	 	2,089,200	 
	92 Howe Baker Engineers
	 	646660	 	REV Credit Facility	 	Pluspetrol Peru Corporation	 	Performance	 	 	8/1/2005	 	 	 	9/30/2006	 	 	0	 	 	0	 	 	 	47,469,729	 
	92 Howe Baker Engineers
	 	CPCS-646220	 	REV Credit Facility	 	Tipiel S.A.	 	Performance	 	 	7/26/2005	 	 	 	2/8/2007	 	 	0	 	 	0	 	 	 	22,160	 
	92 Howe Baker Engineers
	 	410634	 	REV Credit Facility	 	Marathon Ashland Petroleum LLC	 	Performance	 	 	9/28/2004	 	 	 	11/7/2007	 	 	0	 	 	0	 	 	 	1,040,307	 
	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
	 	233701	 	REV Credit Facility	 	Marathon Ashland Petroleum	 	Performance	 	 	2/3/2006	 	 	 	11/7/2007	 	 	0	 	 	0	 	 	 	4,015,327	 
	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
	 	256904	 	REV Credit Facility	 	Marathon Petroleum Company	 	Financial	 	 	4/27/2006	 	 	 	11/7/2007	 	 	0	 	 	0	 	 	 	4,015,327	 
	92 Howe Baker Engineers
	 	263111	 	REV Credit Facility	 	Conocophillips Company	 	Performance	 	 	6/2/2006	 	 	 	7/15/2006	 	 	0	 	 	0	 	 	 	3,033,826	 
	92 Howe Baker Engineers
	 	253550	 	REV Credit Facility	 	Cabinda Gulf Oil Company Ltd	 	Performance	 	 	4/10/2006	 	 	 	12/1/2009	 	 	0	 	 	0	 	 	 	25,250,000	 
	92 Howe Baker Engineers
	 	253547	 	REV Credit Facility	 	Cabinda Gulf Oil Company Ltd	 	Advance	 	 	4/10/2006	 	 	 	5/1/2008	 	 	0	 	 	0	 	 	 	25,250,000	 
	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	 
	94 Callidus Technologies LLC
	 	G5023/04	 	REV Credit Facility	 	Aker Kvaerner Netherlands B.V.	 	Performance	 	 	4/19/2004	 	 	 	7/31/2007	 	 	0	 	 	0	 	 	 	75,000	 
	94 Callidus Technologies LLC
	 	G5002/04	 	REV Credit Facility	 	MW Kellogg	 	Performance	 	 	1/8/2004	 	 	 	12/31/2007	 	 	0	 	 	0	 	 	 	34,425	 
	94 Callidus Technologies LLC
	 	777520022681L	 	REV Credit Facility	 	Larsen & Toubro	 	Performance	 	 	12/23/2003	 	 	 	8/14/2006	 	 	0	 	 	0	 	 	 	284,986	 
	94 Callidus Technologies LLC
	 	752134	 	REV Credit Facility	 	Mitsubishi Heavy Industries Ltd	 	Performance	 	 	1/5/2004	 	 	 	1/19/2007	 	 	0	 	 	0	 	 	 	6,755	 
	94 Callidus Technologies LLC
	 	G5011/04	 	REV Credit Facility	 	Gulf Advanced Chemical Industries Company Ltd	 	Performance	 	 	2/3/2004	 	 	 	7/31/2007	 	 	0	 	 	0	 	 	 	532,590	 
	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	 
	55 Horton CBI, Ltd
	 	649902	 	REV Credit Facility	 	Bear Head LNG c/o Anadarko Petroleum Corp	 	Performance	 	 	8/29/2005	 	 	 	5/12/2010	 	 	CAD	 	 	13,590,410	 	 	 	12,335,883	 
	37Ind Constructors (Industrial Division)
	 	332163	 	REV Credit Facility	 	Southern LNG Inc.	 	Performance	 	 	6/2/2003	 	 	 	6/2/2007	 	 	0	 	 	0	 	 	 	5,000,000	 
	37Ind Constructors (Industrial Division)
	 	SLT751624	 	REV Credit Facility	 	Trunkline LNG Company, LLC	 	Performance	 	 	9/26/2003	 	 	 	7/31/2006	 	 	0	 	 	0	 	 	 	14,320,343	 
	37Ind Constructors (Industrial Division)
	 	410872	 	REV Credit Facility	 	Dominion Cove Point LNG Lmt	 	Performance	 	 	1/5/2005	 	 	 	6/30/2009	 	 	0	 	 	0	 	 	 	18,760,000	 
	37Ind Constructors (Industrial Division)
	 	410679	 	REV Credit Facility	 	Trunkline LNG	 	Performance	 	 	10/19/2004	 	 	 	6/30/2006	 	 	0	 	 	0	 	 	 	9,460,630	 
	37Ind Constructors (Industrial Division)
	 	227889	 	REV Credit Facility	 	Marathon Petroleum Company	 	Performance	 	 	1/17/2006	 	 	 	8/17/2007	 	 	0	 	 	0	 	 	 	947,790	 
	37Ind Constructors (Industrial Division)
	 	256940	 	REV Credit Facility	 	Golden Pass	 	Performance	 	 	4/27/2006	 	 	 	9/1/2006	 	 	0	 	 	0	 	 	 	9,000,000	 
	37Ind Constructors (Industrial Division)
	 	261737	 	REV Credit Facility	 	Houston Fuel Oil Terminal Company	 	Performance	 	 	5/24/2006	 	 	 	3/1/2007	 	 	0	 	 	0	 	 	 	141,771	 
	37Ind Constructors (Industrial Division)
	 	267705	 	REV Credit Facility	 	Kinder Morgan Liquids Terminals LP	 	Retention	 	 	6/23/2006	 	 	 	5/27/2007	 	 	0	 	 	0	 	 	 	104,144	 
	40 CBI Services
	 	410972	 	REV Credit Facility	 	Western Surety Company	 	Financial	 	 	2/7/2005	 	 	 	2/7/2007	 	 	0	 	 	0	 	 	 	4,039,750	 
	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
	 	204167	 	REV Credit Facility	 	Hitachi America Ltd	 	Performance	 	 	9/27/2005	 	 	 	6/30/2009	 	 	0	 	 	0	 	 	 	121,310	 
	40 CBI Services
	 	264146	 	REV Credit Facility	 	Alstom Power	 	Warranty	 	 	6/6/2006	 	 	 	10/1/2007	 	 	0	 	 	0	 	 	 	500,000	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Committed Utilization w/o currency adjustment
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	327,644,851	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Plus: 3% Adjustment for Foreign Currency LC’s
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	647,974	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Committed Utilization
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	328,292,825	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Bi-lateral & Committed Utilization
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	674,180,171	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 






 


 









 







Schedule 1.1.4 — LC’s & Surety Bonds




CHICAGO BRIDGE & IRON COMPANY N.V.

Consolidated LC’s & Bank Guarantee’s as of June 30, 2006



Calculation of Foreign Currency LC’s:




	 	 	 	 	 	 	 	 	 	 	 	 	 
	Revolving Facility:
	 	 	 	 	 	 	 	 	 	 	 	 
	ST4003/04
	 	GBP	 	 	3,750,000	 	 	$	7,015,312.50	 
	 
	 	 	 	 	 	 	 	 	 	 	 
	649902
	 	CAD	 	 	13,590,410	 	 	$	12,335,883.43	 
	 
	 	 	 	 	 	 	 	 	 	 	 
	533636030
	 	SAR	 	 	5,268,570	 	 	$	1,404,964.88	 
	 
	 	 	 	 	 	 	 	 	 	 	 
	533636027
	 	SAR	 	 	3,161,250	 	 	$	842,978.93	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Total Foreign Currency LC’s
	 	 	 	 	 	 	 	 	 	$	21,599,139.74	 
	 	 	 	 	 	 	 	 	 	 	 	 
	3% adjustment to Total Utilization
	 	 	 	 	 	 	 	 	 	$	647,974.19	 
	 	 	 	 	 	 	 	 	 	 	 	 







 


 











 






	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in Issued	 	 	USD or USD	 
	Company ID	 	Bond #	 	ISSUING company	 	BENEFICIARY	 	PURPOSE	 	ISSUED	 	EXPIRY	 	Curr	 	 	Currency	 	 	Equiv.	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	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	 	 	 	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-06	 	 	 	 	 	 	5,000	 	 	 	5,000	 
	37Ind Constructors (Industrial Division)
	 	58618535	 	WESTERN SURETY COMPANY (WSC)	 	State of Iowa	 	License/Permit	 	07-Aug-99	 	07-Aug-06	 	 	 	 	 	 	50,000	 	 	 	50,000	 
	37Ind Constructors (Industrial Division)
	 	58618538	 	WESTERN SURETY COMPANY (WSC)	 	State of Florida, Construction Industry Licensing	 	License/Permit	 	15-Jul-02	 	27-Aug-06	 	 	 	 	 	 	50,000	 	 	 	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	 	 	 	1,235,000	 
	37Ind Constructors (Industrial Division)
	 	58618594	 	WESTERN SURETY COMPANY (WSC)	 	State of Oklahoma	 	License/Permit	 	09-Jan-03	 	09-Jan-07	 	 	 	 	 	 	5,000	 	 	 	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	 	 	 	5,000	 
	37Ind Constructors (Industrial Division)
	 	58618617	 	WESTERN SURETY COMPANY (WSC)	 	U.S. Army Engineer District, Mobile	 	Performance and Payment	 	01-Feb-05	 	30-Sep-06	 	 	 	 	 	 	16,353,000	 	 	 	16,353,000	 
	37Ind Constructors (Industrial Division)
	 	58629024	 	WESTERN SURETY COMPANY (WSC)	 	The Florida State University	 	Performance and Payment	 	29-Apr-05	 	30-Jun-06	 	 	 	 	 	 	1,190,950	 	 	 	1,190,950	 
	37Ind Constructors (Industrial Division)
	 	58629038	 	WESTERN SURETY COMPANY (WSC)	 	City of Wentzville, MO	 	Performance and Payment	 	14-Jul-05	 	30-Sep-06	 	 	 	 	 	 	2,450,000	 	 	 	2,450,000	 
	37Ind Constructors (Industrial Division)
	 	58633450	 	WESTERN SURETY COMPANY (WSC)	 	Plymouth Charter Township (Plymouth, MI)	 	Performance and Payment	 	06-Jan-06	 	30-Apr-07	 	 	 	 	 	 	1,343,325	 	 	 	1,343,325	 
	37Ind Constructors (Industrial Division)
	 	58633468	 	WESTERN SURETY COMPANY (WSC)	 	State of Arkansas	 	License/Permit	 	01-Apr-99	 	01-Apr-09	 	 	 	 	 	 	10,000	 	 	 	10,000	 
	37Ind Constructors (Industrial Division)
	 	58633470	 	WESTERN SURETY COMPANY (WSC)	 	State of California	 	License/Permit	 	02-Nov-98	 	02-Nov-08	 	 	 	 	 	 	10,000	 	 	 	10,000	 
	37Ind Constructors (Industrial Division)
	 	58633471	 	WESTERN SURETY COMPANY (WSC)	 	State of California	 	License/Permit	 	11-Dec-98	 	11-Dec-08	 	 	 	 	 	 	7,500	 	 	 	7,500	 
	37Ind Constructors (Industrial Division)
	 	58633472	 	WESTERN SURETY COMPANY (WSC)	 	State of Washington	 	License/Permit	 	12-Jun-99	 	12-Jun-09	 	 	 	 	 	 	12,000	 	 	 	12,000	 
	37Ind Constructors (Industrial Division)
	 	58637380	 	WESTERN SURETY COMPANY (WSC)	 	Grunley-Walsh	 	Performance and Payment	 	19-Dec-05	 	01-May-09	 	 	 	 	 	 	5,215,000	 	 	 	5,215,000	 
	37Ind Constructors (Industrial Division)
	 	81558708	 	FEDERAL INSURANCE COMPANY (FED)	 	M&D Mechanical	 	Performance and Payment	 	06-Jun-06	 	03-Apr-07	 	 	 	 	 	 	869,200	 	 	 	869,200	 
	37Ind Constructors (Industrial Division)
	 	81558787	 	FEDERAL INSURANCE COMPANY (FED)	 	Terra Mississippi Nitrogen, INC.	 	Retention	 	16-Sep-05	 	07-Oct-06	 	 	 	 	 	 	299,300	 	 	 	299,300	 
	37Ind Constructors (Industrial Division)
	 	81558803	 	FEDERAL INSURANCE COMPANY (FED)	 	Chevron Products Company	 	Retention	 	07-Nov-05	 	01-Aug-06	 	 	 	 	 	 	128,091	 	 	 	128,091	 
	37Ind Constructors (Industrial Division)
	 	81558805	 	FEDERAL INSURANCE COMPANY (FED)	 	Pasadena Refining System, Inc.	 	Retention	 	21-Oct-05	 	21-Dec-06	 	 	 	 	 	 	88,570	 	 	 	88,570	 
	37Ind Constructors (Industrial Division)
	 	285011285	 	Liberty Mutual	 	U.S. Army Engineer District, Mobile (CESAM-CT)	 	Performance	 	25-Apr-02	 	30-Sep-06	 	 	 	 	 	 	11,730,000	 	 	 	11,730,000	 
	37Ind Constructors (Industrial Division)
	 	CMS215360	 	RLI INSURANCE COMPANY (RLI)	 	State of Louisiana, Dept. of Revenue and Taxation	 	Tax	 	21-May-02	 	21-May-07	 	 	 	 	 	 	2,500	 	 	 	2,500	 
	37Ind Constructors (Industrial Division)
	 	CMS215365	 	RLI INSURANCE COMPANY (RLI)	 	Calvert County Department of Public Works	 	License/Permit	 	06-May-05	 	06-May-07	 	 	 	 	 	 	69,125	 	 	 	69,125	 
	37Ind Constructors (Industrial Division)
	 	CMS215366	 	RLI INSURANCE COMPANY (RLI)	 	State of Oregon	 	License/Permit	 	31-May-05	 	31-May-07	 	 	 	 	 	 	15,000	 	 	 	15,000	 
	37Ind Constructors (Industrial Division)
	 	CMS226320	 	RLI INSURANCE COMPANY (RLI)	 	North Carolina Licensing Board for General Contractors	 	License/Permit	 	12-Dec-05	 	31-Dec-06	 	 	 	 	 	 	1,500,000	 	 	 	1,500,000	 
	37Ind Constructors (Industrial Division)
	 	CMS226322	 	RLI INSURANCE COMPANY (RLI)	 	JE Merit Constructors, Inc.	 	Retention	 	10-Jan-06	 	10-Jan-07	 	 	 	 	 	 	428,277	 	 	 	428,277	 
	37Ind Constructors (Industrial Division)
	 	CMS226329	 	RLI INSURANCE COMPANY (RLI)	 	Sunoco Pipeline L.P.	 	Retention	 	01-Mar-06	 	01-Mar-07	 	 	 	 	 	 	393,200	 	 	 	393,200	 
	37Ind Constructors (Industrial Division)
	 	SY2658	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	Governor of the State of Texas	 	License/Permit	 	26-Apr-03	 	26-Apr-07	 	 	 	 	 	 	10,000	 	 	 	10,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sub-total
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	47,246,648	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	37Wtr Constructors (Water Division)
	 	15814608	 	Other	 	State of Texas	 	Public	 	31-Mar-06	 	31-Mar-10	 	 	 	 	 	 	10,000	 	 	 	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-06	 	 	 	 	 	 	5,000	 	 	 	5,000	 
	37Wtr Constructors (Water Division)
	 	58618541	 	WESTERN SURETY COMPANY (WSC)	 	State of California	 	License/Permit	 	05-Sep-02	 	04-Oct-06	 	 	 	 	 	 	7,500	 	 	 	7,500	 






 


 









 






Surety Bonds as of 6/30/06





	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in Issued	 	 	USD or USD	 
	Company ID	 	Bond #	 	ISSUING company	 	BENEFICIARY	 	PURPOSE	 	ISSUED	 	EXPIRY	 	Curr	 	 	Currency	 	 	Equiv.	 
	37Wtr Constructors (Water Division)
	 	58618549	 	WESTERN SURETY COMPANY (WSC)	 	Cambria Community Services District	 	Performance and Payment	 	07-Oct-04	 	15-Jul-06	 	 	 	 	 	 	1,632,143	 	 	 	1,632,143	 
	37Wtr Constructors (Water Division)
	 	58618554	 	WESTERN SURETY COMPANY (WSC)	 	Valparaiso Department of Water Works	 	Performance and Payment	 	12-Oct-04	 	01-Jul-08	 	 	 	 	 	 	1,812,700	 	 	 	1,812,700	 
	37Wtr Constructors (Water Division)
	 	58618557	 	WESTERN SURETY COMPANY (WSC)	 	Grand Chute Sanitary District #1	 	Performance and Payment	 	26-Oct-04	 	01-Aug-06	 	 	 	 	 	 	1,369,000	 	 	 	1,369,000	 
	37Wtr Constructors (Water Division)
	 	58618563	 	WESTERN SURETY COMPANY (WSC)	 	Clermont County Commissioners	 	Performance and Payment	 	08-Nov-04	 	08-Sep-06	 	 	 	 	 	 	1,648,000	 	 	 	1,648,000	 
	37Wtr Constructors (Water Division)
	 	58618565	 	WESTERN SURETY COMPANY (WSC)	 	Village of Round Lake Beach	 	Performance and Payment	 	09-Nov-04	 	15-Jul-06	 	 	 	 	 	 	2,152,300	 	 	 	2,152,300	 
	37Wtr Constructors (Water Division)
	 	58618566	 	WESTERN SURETY COMPANY (WSC)	 	City of Jamestown	 	License/Permit	 	11-Nov-04	 	31-Dec-06	 	 	 	 	 	 	10,000	 	 	 	10,000	 
	37Wtr Constructors (Water Division)
	 	58618575	 	WESTERN SURETY COMPANY (WSC)	 	Alaska Department of Commerce	 	License/Permit	 	01-Jan-05	 	31-Dec-06	 	 	 	 	 	 	10,000	 	 	 	10,000	 
	37Wtr Constructors (Water Division)
	 	58618577	 	WESTERN SURETY COMPANY (WSC)	 	State of Mississippi	 	License/Permit	 	14-Dec-04	 	14-Dec-06	 	 	 	 	 	 	57,950	 	 	 	57,950	 
	37Wtr Constructors (Water Division)
	 	58618579	 	WESTERN SURETY COMPANY (WSC)	 	State of Mississippi	 	License/Permit	 	14-Dec-04	 	14-Dec-06	 	 	 	 	 	 	55,545	 	 	 	55,545	 
	37Wtr Constructors (Water Division)
	 	58618586	 	WESTERN SURETY COMPANY (WSC)	 	Lawton Chiles, Governor of the State of Florida	 	License/Permit	 	05-Dec-02	 	05-Dec-06	 	 	 	 	 	 	5,000	 	 	 	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-07	 	 	 	 	 	 	55,945	 	 	 	55,945	 
	37Wtr Constructors (Water Division)
	 	58618614	 	WESTERN SURETY COMPANY (WSC)	 	City of Lee’s Summit	 	Performance and Payment	 	30-Dec-04	 	01-Jul-06	 	 	 	 	 	 	3,627,000	 	 	 	3,627,000	 
	37Wtr Constructors (Water Division)
	 	58618615	 	WESTERN SURETY COMPANY (WSC)	 	Urbandale Water Utility	 	Performance and Payment	 	07-Apr-05	 	15-Nov-06	 	 	 	 	 	 	3,118,000	 	 	 	3,118,000	 
	37Wtr Constructors (Water Division)
	 	58618619	 	WESTERN SURETY COMPANY (WSC)	 	City of Woodbury	 	Performance and Payment	 	21-Apr-05	 	15-Apr-07	 	 	 	 	 	 	2,565,500	 	 	 	2,565,500	 
	37Wtr Constructors (Water Division)
	 	58627871	 	WESTERN SURETY COMPANY (WSC)	 	City of Woonsocker Water Division	 	Performance and Payment	 	16-Mar-05	 	30-Dec-06	 	 	 	 	 	 	2,298,000	 	 	 	2,298,000	 
	37Wtr Constructors (Water Division)
	 	58627873	 	WESTERN SURETY COMPANY (WSC)	 	Prince William County Service Authority	 	Performance and Payment	 	11-Mar-05	 	15-Sep-06	 	 	 	 	 	 	3,362,100	 	 	 	3,362,100	 
	37Wtr Constructors (Water Division)
	 	58627874	 	WESTERN SURETY COMPANY (WSC)	 	Erie County Water Authority	 	Performance and Payment	 	01-Mar-05	 	31-Jul-06	 	 	 	 	 	 	2,738,000	 	 	 	2,738,000	 
	37Wtr Constructors (Water Division)
	 	58627882	 	WESTERN SURETY COMPANY (WSC)	 	City of Belvidere, IL	 	Performance and Payment	 	29-Mar-05	 	30-Jun-06	 	 	 	 	 	 	1,290,000	 	 	 	1,290,000	 
	37Wtr Constructors (Water Division)
	 	58627887	 	WESTERN SURETY COMPANY (WSC)	 	City of Rosemount	 	Performance and Payment	 	06-May-05	 	15-Nov-06	 	 	 	 	 	 	2,257,700	 	 	 	2,257,700	 
	37Wtr Constructors (Water Division)
	 	58627889	 	WESTERN SURETY COMPANY (WSC)	 	Board of Water Commissioners of the City of Long Beach	 	Performance and Payment	 	14-May-05	 	20-Oct-06	 	 	 	 	 	 	1,994,432	 	 	 	1,994,432	 
	37Wtr Constructors (Water Division)
	 	58629025	 	WESTERN SURETY COMPANY (WSC)	 	City of Monticello	 	Performance and Payment	 	18-May-05	 	31-Oct-06	 	 	 	 	 	 	1,698,000	 	 	 	1,698,000	 
	37Wtr Constructors (Water Division)
	 	58629026	 	WESTERN SURETY COMPANY (WSC)	 	The City of Orangeburg	 	Performance and Payment	 	23-May-05	 	30-Jul-06	 	 	 	 	 	 	1,821,000	 	 	 	1,821,000	 
	37Wtr Constructors (Water Division)
	 	58629027	 	WESTERN SURETY COMPANY (WSC)	 	Port of Houston Authority	 	Performance and Payment	 	01-Jun-05	 	17-Jul-07	 	 	 	 	 	 	1,858,180	 	 	 	1,858,180	 
	37Wtr Constructors (Water Division)
	 	58629028	 	WESTERN SURETY COMPANY (WSC)	 	City of Delaware	 	Performance and Payment	 	09-May-05	 	30-Jul-07	 	 	 	 	 	 	4,045,000	 	 	 	4,045,000	 
	37Wtr Constructors (Water Division)
	 	58629030	 	WESTERN SURETY COMPANY (WSC)	 	City of McHenry, IL	 	Performance and Payment	 	01-Jun-05	 	01-Jun-09	 	 	 	 	 	 	1,495,000	 	 	 	1,495,000	 
	37Wtr Constructors (Water Division)
	 	58629036	 	WESTERN SURETY COMPANY (WSC)	 	City of Fort Walton Beach, Florida	 	Performance and Payment	 	05-Jul-05	 	15-Oct-06	 	 	 	 	 	 	1,969,800	 	 	 	1,969,800	 
	37Wtr Constructors (Water Division)
	 	58629037	 	WESTERN SURETY COMPANY (WSC)	 	City of Fulton, MO	 	Performance and Payment	 	13-Jul-05	 	01-Aug-06	 	 	 	 	 	 	1,838,500	 	 	 	1,838,500	 
	37Wtr Constructors (Water Division)
	 	58629039	 	WESTERN SURETY COMPANY (WSC)	 	City of Osage Beach, MO	 	Maintenance	 	22-Jul-05	 	31-Aug-07	 	 	 	 	 	 	1,184,000	 	 	 	1,184,000	 
	37Wtr Constructors (Water Division)
	 	58629039	 	WESTERN SURETY COMPANY (WSC)	 	City of Osage Beach, MO	 	Performance and Payment	 	22-Jul-05	 	31-Aug-07	 	 	 	 	 	 	1,184,000	 	 	 	1,184,000	 
	37Wtr Constructors (Water Division)
	 	58629041	 	WESTERN SURETY COMPANY (WSC)	 	Lavon Water Supply Corporation	 	Performance and Payment	 	15-Jul-05	 	30-Sep-06	 	 	 	 	 	 	1,239,000	 	 	 	1,239,000	 
	37Wtr Constructors (Water Division)
	 	58629042	 	WESTERN SURETY COMPANY (WSC)	 	City of St. Peter	 	Performance and Payment	 	20-Jul-05	 	27-Oct-06	 	 	 	 	 	 	1,010,000	 	 	 	1,010,000	 
	37Wtr Constructors (Water Division)
	 	58629043	 	WESTERN SURETY COMPANY (WSC)	 	City of Youngstown	 	Performance and Payment	 	20-May-05	 	20-Mar-07	 	 	 	 	 	 	2,833,000	 	 	 	2,833,000	 
	37Wtr Constructors (Water Division)
	 	58629047	 	WESTERN SURETY COMPANY (WSC)	 	Sonoma County Water Agency	 	Payment (Material)	 	02-Aug-05	 	31-Jul-06	 	 	 	 	 	 	5,987,050	 	 	 	5,987,050	 
	37Wtr Constructors (Water Division)
	 	58629051	 	WESTERN SURETY COMPANY (WSC)	 	Village of Spring Grove, IL	 	Performance and Payment	 	19-May-05	 	01-Sep-07	 	 	 	 	 	 	875,930	 	 	 	875,930	 
	37Wtr Constructors (Water Division)
	 	58629052	 	WESTERN SURETY COMPANY (WSC)	 	City of Toledo	 	Performance and Payment	 	08-Aug-05	 	15-Apr-07	 	 	 	 	 	 	2,137,000	 	 	 	2,137,000	 






 


 









 






Surety Bonds as of 6/30/06





	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in Issued	 	 	USD or USD	 
	Company ID	 	Bond #	 	ISSUING company	 	BENEFICIARY	 	PURPOSE	 	ISSUED	 	EXPIRY	 	Curr	 	 	Currency	 	 	Equiv.	 
	37Wtr Constructors (Water Division)
	 	58629053	 	WESTERN SURETY COMPANY (WSC)	 	Hesperia Water District	 	Performance and Payment	 	18-Aug-05	 	26-Apr-07	 	 	 	 	 	 	3,544,439	 	 	 	3,544,439	 
	37Wtr Constructors (Water Division)
	 	58629054	 	WESTERN SURETY COMPANY (WSC)	 	City of Bartlett, Tennessee	 	Performance and Payment	 	22-Aug-05	 	15-Oct-06	 	 	 	 	 	 	1,394,400	 	 	 	1,394,400	 
	37Wtr Constructors (Water Division)
	 	58629055	 	WESTERN SURETY COMPANY (WSC)	 	Little River Water & Sewerage Company, Inc.	 	Performance and Payment	 	01-Sep-05	 	01-Sep-06	 	 	 	 	 	 	1,138,000	 	 	 	1,138,000	 
	37Wtr Constructors (Water Division)
	 	58629057	 	WESTERN SURETY COMPANY (WSC)	 	Chatham County Water Systems	 	Performance and Payment	 	01-Sep-05	 	31-Dec-06	 	 	 	 	 	 	1,795,000	 	 	 	1,795,000	 
	37Wtr Constructors (Water Division)
	 	58629058	 	WESTERN SURETY COMPANY (WSC)	 	Village of Johnsburg, IL	 	Performance and Payment	 	30-Aug-05	 	31-Oct-07	 	 	 	 	 	 	1,195,700	 	 	 	1,195,700	 
	37Wtr Constructors (Water Division)
	 	58629064	 	WESTERN SURETY COMPANY (WSC)	 	City of Batavia, IL	 	Performance and Payment	 	10-Oct-05	 	14-Nov-06	 	 	 	 	 	 	1,099,000	 	 	 	1,099,000	 
	37Wtr Constructors (Water Division)
	 	58629065	 	WESTERN SURETY COMPANY (WSC)	 	City of Batavia, IL	 	Performance and Payment	 	10-Oct-05	 	14-Nov-06	 	 	 	 	 	 	1,669,000	 	 	 	1,669,000	 
	37Wtr Constructors (Water Division)
	 	58629067	 	WESTERN SURETY COMPANY (WSC)	 	City of Chippewa Falls, WI	 	Performance and Payment	 	03-Oct-05	 	27-Dec-06	 	 	 	 	 	 	1,022,200	 	 	 	1,022,200	 
	37Wtr Constructors (Water Division)
	 	58633442	 	WESTERN SURETY COMPANY (WSC)	 	Secretary of State, State of California	 	Public	 	09-Dec-05	 	08-Dec-09	 	 	 	 	 	 	15,000	 	 	 	15,000	 
	37Wtr Constructors (Water Division)
	 	58633443	 	WESTERN SURETY COMPANY (WSC)	 	TC Construction Co., Inc.	 	Performance and Payment	 	01-Dec-05	 	01-Mar-07	 	 	 	 	 	 	3,802,641	 	 	 	3,802,641	 
	37Wtr Constructors (Water Division)
	 	58633445	 	WESTERN SURETY COMPANY (WSC)	 	City of Columbia	 	Performance and Payment	 	06-Dec-05	 	09-May-07	 	 	 	 	 	 	3,617,000	 	 	 	3,617,000	 
	37Wtr Constructors (Water Division)
	 	58633457	 	WESTERN SURETY COMPANY (WSC)	 	Easley Combined Utililities	 	Performance and Payment	 	23-Jan-06	 	01-Apr-07	 	 	 	 	 	 	1,741,000	 	 	 	1,741,000	 
	37Wtr Constructors (Water Division)
	 	58633460	 	WESTERN SURETY COMPANY (WSC)	 	City of North Liberty	 	Performance and Payment	 	25-Jan-06	 	01-Aug-07	 	 	 	 	 	 	1,482,000	 	 	 	1,482,000	 
	37Wtr Constructors (Water Division)
	 	58633461	 	WESTERN SURETY COMPANY (WSC)	 	City of Spirit Lake	 	Performance and Payment	 	14-Feb-06	 	14-Jul-07	 	 	 	 	 	 	1,915,000	 	 	 	1,915,000	 
	37Wtr Constructors (Water Division)
	 	58633466	 	WESTERN SURETY COMPANY (WSC)	 	Road Commission for Oakland County	 	License/Permit	 	01-Mar-06	 	30-Nov-08	 	 	 	 	 	 	3,000	 	 	 	3,000	 
	37Wtr Constructors (Water Division)
	 	58633467	 	WESTERN SURETY COMPANY (WSC)	 	City of Chillicothe, IL	 	Performance and Payment	 	01-Mar-06	 	31-Aug-07	 	 	 	 	 	 	1,393,000	 	 	 	1,393,000	 
	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	 	 	 	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	 	 	 	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	 	 	 	1,554,300	 
	37Wtr Constructors (Water Division)
	 	58633479	 	WESTERN SURETY COMPANY (WSC)	 	State of Wyoming	 	Wage and Welfare	 	03-Apr-05	 	03-Apr-07	 	 	 	 	 	 	16,000	 	 	 	16,000	 
	37Wtr Constructors (Water Division)
	 	58633480	 	WESTERN SURETY COMPANY (WSC)	 	City of Redding	 	Performance and Payment	 	16-Mar-06	 	20-May-07	 	 	 	 	 	 	2,411,300	 	 	 	2,411,300	 
	37Wtr Constructors (Water Division)
	 	58633481	 	WESTERN SURETY COMPANY (WSC)	 	City of Fulton	 	Performance and Payment	 	17-Mar-06	 	31-Aug-07	 	 	 	 	 	 	1,939,400	 	 	 	1,939,400	 
	37Wtr Constructors (Water Division)
	 	58633482	 	WESTERN SURETY COMPANY (WSC)	 	State of Arkanzas	 	License/Permit	 	20-Sep-03	 	20-Sep-08	 	 	 	 	 	 	10,000	 	 	 	10,000	 
	37Wtr Constructors (Water Division)
	 	58633483	 	WESTERN SURETY COMPANY (WSC)	 	State of Washington	 	License/Permit	 	15-Sep-03	 	15-Sep-08	 	 	 	 	 	 	6,000	 	 	 	6,000	 
	37Wtr Constructors (Water Division)
	 	58633485	 	WESTERN SURETY COMPANY (WSC)	 	Cucamonga Valley Water District	 	Performance and Payment	 	21-Mar-06	 	01-Aug-07	 	 	 	 	 	 	508,420	 	 	 	508,420	 
	37Wtr Constructors (Water Division)
	 	58633486	 	WESTERN SURETY COMPANY (WSC)	 	Village of Mount Horeb, WI	 	Performance and Payment	 	21-Mar-06	 	31-Jul-07	 	 	 	 	 	 	848,000	 	 	 	848,000	 
	37Wtr Constructors (Water Division)
	 	58633487	 	WESTERN SURETY COMPANY (WSC)	 	Charter Township of Grand Blanc	 	Performance, Payment &

Maintenance	 	23-Mar-06	 	01-Jul-07	 	 	 	 	 	 	1,770,000	 	 	 	1,770,000	 
	37Wtr Constructors (Water Division)
	 	58637387	 	WESTERN SURETY COMPANY (WSC)	 	Glynn County Board of Commissioners	 	Performance and Payment	 	19-Apr-06	 	01-Apr-07	 	 	 	 	 	 	1,126,300	 	 	 	1,126,300	 
	37Wtr Constructors (Water Division)
	 	58637391	 	WESTERN SURETY COMPANY (WSC)	 	The City of Baytown, Texas	 	Performance and Payment	 	10-Mar-06	 	15-Jul-07	 	 	 	 	 	 	1,782,200	 	 	 	1,782,200	 
	37Wtr Constructors (Water Division)
	 	58637900	 	WESTERN SURETY COMPANY (WSC)	 	City of Big lake	 	Performance and Payment	 	22-Mar-06	 	31-Aug-07	 	 	 	 	 	 	1,691,000	 	 	 	1,691,000	 
	37Wtr Constructors (Water Division)
	 	81558697	 	FEDERAL INSURANCE COMPANY (FED)	 	Village of Calumet Park, IL	 	Performance and Payment	 	08-May-06	 	01-Aug-07	 	 	 	 	 	 	1,159,000	 	 	 	1,159,000	 
	37Wtr Constructors (Water Division)
	 	81558698	 	FEDERAL INSURANCE COMPANY (FED)	 	City of Park Rapids	 	Performance and Payment	 	25-Apr-06	 	01-Aug-07	 	 	 	 	 	 	815,250	 	 	 	815,250	 
	37Wtr Constructors (Water Division)
	 	81558699	 	FEDERAL INSURANCE COMPANY (FED)	 	Lincoln Water Commission	 	Performance and Payment	 	12-May-06	 	19-Nov-07	 	 	 	 	 	 	1,627,000	 	 	 	1,627,000	 
	37Wtr Constructors (Water Division)
	 	81558700	 	FEDERAL INSURANCE COMPANY (FED)	 	City of Mason City	 	Performance and Payment	 	09-May-06	 	23-Jun-07	 	 	 	 	 	 	1,391,000	 	 	 	1,391,000	 
	37Wtr Constructors (Water Division)
	 	81558701	 	FEDERAL INSURANCE COMPANY (FED)	 	Village of Poplar Grove, IL	 	Performance and Payment	 	17-May-06	 	01-Aug-07	 	 	 	 	 	 	634,500	 	 	 	634,500	 






 


 









 







Surety Bonds as of 6/30/06





	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in Issued	 	 	USD or USD	 
	Company ID	 	Bond #	 	ISSUING company	 	BENEFICIARY	 	PURPOSE	 	ISSUED	 	EXPIRY	 	Curr	 	 	Currency	 	 	Equiv.	 
	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	 	 	 	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	 	 	 	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-06	 	 	 	 	 	 	264,008	 	 	 	264,008	 
	37Wtr Constructors (Water Division)
	 	81558762	 	FEDERAL INSURANCE COMPANY (FED)	 	City of Altoona, WI	 	Performance and Payment	 	13-Jan-05	 	30-Jul-06	 	 	 	 	 	 	1,085,000	 	 	 	1,085,000	 
	37Wtr Constructors (Water Division)
	 	81558773	 	FEDERAL INSURANCE COMPANY (FED)	 	City of Mound	 	Performance and Payment	 	13-May-05	 	01-Aug-06	 	 	 	 	 	 	739,080	 	 	 	739,080	 
	37Wtr Constructors (Water Division)
	 	81558774	 	FEDERAL INSURANCE COMPANY (FED)	 	Moecherville Water District, N.F.P.	 	Performance and Payment	 	16-Jun-05	 	31-Dec-06	 	 	 	 	 	 	741,400	 	 	 	741,400	 
	37Wtr Constructors (Water Division)
	 	81558779	 	FEDERAL INSURANCE COMPANY (FED)	 	Stonebrae L. P. and HSBC Realty Credit Corporation (USA)	 	Performance and Payment	 	31-Aug-05	 	31-Aug-06	 	 	 	 	 	 	1,893,875	 	 	 	1,893,875	 
	37Wtr Constructors (Water Division)
	 	81558780	 	FEDERAL INSURANCE COMPANY (FED)	 	Town of Smyrna	 	Performance and Payment	 	09-Sep-05	 	30-Dec-06	 	 	 	 	 	 	1,629,330	 	 	 	1,629,330	 
	37Wtr Constructors (Water Division)
	 	81558783	 	FEDERAL INSURANCE COMPANY (FED)	 	K. Hovnanian Companies of California, Inc.	 	Performance and Payment	 	20-Sep-05	 	02-Aug-06	 	 	 	 	 	 	2,001,378	 	 	 	2,001,378	 
	37Wtr Constructors (Water Division)
	 	81558784	 	FEDERAL INSURANCE COMPANY (FED)	 	The City of New Britain	 	Performance and Payment	 	19-Sep-05	 	01-May-07	 	 	 	 	 	 	1,882,771	 	 	 	1,882,771	 
	37Wtr Constructors (Water Division)
	 	81558785	 	FEDERAL INSURANCE COMPANY (FED)	 	Greene County Board of Supervisors	 	Performance and Payment	 	06-Oct-05	 	15-Dec-06	 	 	 	 	 	 	1,976,100	 	 	 	1,976,100	 
	37Wtr Constructors (Water Division)
	 	81558786	 	FEDERAL INSURANCE COMPANY (FED)	 	County of Stafford	 	Performance and Payment	 	28-Sep-05	 	15-Dec-06	 	 	 	 	 	 	1,793,000	 	 	 	1,793,000	 
	37Wtr Constructors (Water Division)
	 	81558790	 	FEDERAL INSURANCE COMPANY (FED)	 	City of Clinton, IL	 	Performance and Payment	 	12-Oct-05	 	01-Oct-06	 	 	 	 	 	 	1,034,000	 	 	 	1,034,000	 
	37Wtr Constructors (Water Division)
	 	81558791	 	FEDERAL INSURANCE COMPANY (FED)	 	Jurupa Community Services District	 	Performance and Payment	 	14-Oct-05	 	09-Aug-06	 	 	 	 	 	 	1,958,521	 	 	 	1,958,521	 
	37Wtr Constructors (Water Division)
	 	81558792	 	FEDERAL INSURANCE COMPANY (FED)	 	World Land Developers, LP	 	Performance and Payment	 	21-Oct-05	 	15-Sep-06	 	 	 	 	 	 	648,900	 	 	 	648,900	 
	37Wtr Constructors (Water Division)
	 	81558793	 	FEDERAL INSURANCE COMPANY (FED)	 	City of Lake Elmo	 	Performance and Payment	 	18-Oct-05	 	01-Aug-07	 	 	 	 	 	 	1,169,000	 	 	 	1,169,000	 
	37Wtr Constructors (Water Division)
	 	81558794	 	FEDERAL INSURANCE COMPANY (FED)	 	Hampshire West, LLC	 	Performance and Payment	 	31-Oct-05	 	30-Sep-06	 	 	 	 	 	 	2,986,480	 	 	 	2,986,480	 
	37Wtr Constructors (Water Division)
	 	81558795	 	FEDERAL INSURANCE COMPANY (FED)	 	Village of Montgomery, IL	 	Performance and Payment	 	03-Nov-05	 	15-Jun-07	 	 	 	 	 	 	1,839,000	 	 	 	1,839,000	 
	37Wtr Constructors (Water Division)
	 	81558797	 	FEDERAL INSURANCE COMPANY (FED)	 	Seacoast Utility Authority	 	Public	 	09-Nov-05	 	30-Jan-07	 	 	 	 	 	 	2,446,000	 	 	 	2,446,000	 
	37Wtr Constructors (Water Division)
	 	81558798	 	FEDERAL INSURANCE COMPANY (FED)	 	Village of Holly, MI	 	Performance and Payment	 	15-Nov-05	 	01-Dec-06	 	 	 	 	 	 	997,800	 	 	 	997,800	 
	37Wtr Constructors (Water Division)
	 	81558799	 	FEDERAL INSURANCE COMPANY (FED)	 	Aqua Ohio, Inc.	 	Performance and Payment	 	18-Nov-05	 	31-Dec-06	 	 	 	 	 	 	920,000	 	 	 	920,000	 
	37Wtr Constructors (Water Division)
	 	81558800	 	FEDERAL INSURANCE COMPANY (FED)	 	City of Bentonville	 	Performance and Payment	 	30-Nov-05	 	01-Jul-07	 	 	 	 	 	 	2,653,000	 	 	 	2,653,000	 
	37Wtr Constructors (Water Division)
	 	81558801	 	FEDERAL INSURANCE COMPANY (FED)	 	County Drain Commissioner, County Agency for the County of Oakland	 	Performance and Payment	 	12-Dec-05	 	30-Oct-06	 	 	 	 	 	 	1,830,000	 	 	 	1,830,000	 
	37Wtr Constructors (Water Division)
	 	81558802	 	FEDERAL INSURANCE COMPANY (FED)	 	Palmdale Water District	 	Performance and Payment	 	09-Dec-05	 	01-Oct-06	 	 	 	 	 	 	2,949,943	 	 	 	2,949,943	 
	37Wtr Constructors (Water Division)
	 	81558806	 	FEDERAL INSURANCE COMPANY (FED)	 	Syblon Reid	 	Performance and Payment	 	06-Jan-06	 	31-Mar-07	 	 	 	 	 	 	1,569,245	 	 	 	1,569,245	 
	37Wtr Constructors (Water Division)
	 	81558807	 	FEDERAL INSURANCE COMPANY (FED)	 	Boone Florence Water Commission	 	Performance and Payment	 	01-Feb-06	 	15-May-07	 	 	 	 	 	 	2,489,000	 	 	 	2,489,000	 
	37Wtr Constructors (Water Division)
	 	81558808	 	FEDERAL INSURANCE COMPANY (FED)	 	Voss Farms, LTD	 	Performance and Payment	 	17-Jan-06	 	12-Mar-07	 	 	 	 	 	 	839,333	 	 	 	839,333	 
	37Wtr Constructors (Water Division)
	 	81558809	 	FEDERAL INSURANCE COMPANY (FED)	 	The Board of Directors  of County Sanitation District No. 2 of
Los Angeles County, S	 	Performance and Payment	 	03-Feb-06	 	25-Aug-06	 	 	 	 	 	 	1,732,850	 	 	 	1,732,850	 
	37Wtr Constructors (Water Division)
	 	81558810	 	FEDERAL INSURANCE COMPANY (FED)	 	Town of Yadkinville	 	Performance and Payment	 	23-Jan-06	 	01-Mar-07	 	 	 	 	 	 	1,081,000	 	 	 	1,081,000	 
	37Wtr Constructors (Water Division)
	 	81558812	 	FEDERAL INSURANCE COMPANY (FED)	 	Town of Cary	 	Performance and Payment	 	17-Feb-06	 	25-Aug-07	 	 	 	 	 	 	2,283,000	 	 	 	2,283,000	 
	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	 	 	 	1,023,000	 
	37Wtr Constructors (Water Division)
	 	81558814	 	FEDERAL INSURANCE COMPANY (FED)	 	City of Anderson/ Electric City Utilities	 	Performance and Payment	 	28-Feb-06	 	26-Aug-07	 	 	 	 	 	 	2,417,000	 	 	 	2,417,000	 
	37Wtr Constructors (Water Division)
	 	81558815	 	FEDERAL INSURANCE COMPANY (FED)	 	Town of Moreau	 	Performance and Payment	 	07-Mar-06	 	31-Jul-07	 	 	 	 	 	 	1,636,000	 	 	 	1,636,000	 
	37Wtr Constructors (Water Division)
	 	81558857	 	FEDERAL INSURANCE COMPANY (FED)	 	Otter Creek Lake Utility District (Davis, IL)	 	Performance and Payment	 	22-Mar-06	 	01-Aug-07	 	 	 	 	 	 	617,300	 	 	 	617,300	 
	37Wtr Constructors (Water Division)
	 	81558858	 	FEDERAL INSURANCE COMPANY (FED)	 	The Connecticut Water Company	 	Performance and Payment	 	29-Mar-06	 	30-Jun-07	 	 	 	 	 	 	1,320,000	 	 	 	1,320,000	 






 


 









 






Surety Bonds as of 6/30/06





	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in Issued	 	 	USD or USD	 
	Company ID	 	Bond #	 	ISSUING company	 	BENEFICIARY	 	PURPOSE	 	ISSUED	 	EXPIRY	 	Curr	 	 	Currency	 	 	Equiv.	 
	37Wtr Constructors (Water Division)
	 	69688524N01	 	WESTERN SURETY COMPANY (WSC)	 	Julie Davis	 	Public	 	28-Mar-04	 	28-Mar-08	 	 	 	 	 	 	15,000	 	 	 	15,000	 
	37Wtr Constructors (Water Division)
	 	CMS215357	 	RLI INSURANCE COMPANY (RLI)	 	City of Rochelle, IL	 	Warranty	 	12-Nov-04	 	12-Nov-07	 	 	 	 	 	 	44,890	 	 	 	44,890	 
	37Wtr Constructors (Water Division)
	 	CMS215367	 	RLI INSURANCE COMPANY (RLI)	 	Kalamazoo County	 	License/Permit	 	26-Jul-04	 	26-Jul-06	 	 	 	 	 	 	1,700	 	 	 	1,700	 
	37Wtr Constructors (Water Division)
	 	CMS226304	 	RLI INSURANCE COMPANY (RLI)	 	MARYLAND STATE HIGHWAY ADMINISTRATION — KENT COUNTY	 	License/Permit	 	01-Jul-05	 	30-Jun-07	 	 	 	 	 	 	300,000	 	 	 	300,000	 
	37Wtr Constructors (Water Division)
	 	CMS226305	 	RLI INSURANCE COMPANY (RLI)	 	Knickerbocker Properties, LLC	 	Maintenance	 	20-Dec-04	 	20-Dec-07	 	 	 	 	 	 	32,672	 	 	 	32,672	 
	37Wtr Constructors (Water Division)
	 	CMS226305	 	RLI INSURANCE COMPANY (RLI)	 	Knickerbocker Properties, LLC	 	Performance and Payment	 	02-Feb-04	 	20-Dec-07	 	 	 	 	 	 	653,400	 	 	 	653,400	 
	37Wtr Constructors (Water Division)
	 	CMS226308	 	RLI INSURANCE COMPANY (RLI)	 	Mahoning County Engineer	 	License/Permit	 	20-Jul-05	 	20-Jul-06	 	 	 	 	 	 	10,000	 	 	 	10,000	 
	37Wtr Constructors (Water Division)
	 	CMS226330	 	RLI INSURANCE COMPANY (RLI)	 	Calvert County Deparment of Public Works	 	Performance	 	17-Apr-06	 	17-Apr-07	 	 	 	 	 	 	136,802	 	 	 	136,802	 
	37Wtr Constructors (Water Division)
	 	CMS226331	 	RLI INSURANCE COMPANY (RLI)	 	Calvert County Department of Project Management	 	Performance	 	01-Jun-06	 	01-Jun-07	 	 	 	 	 	 	102,175	 	 	 	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	 	 	 	20,000	 
	37Wtr Constructors (Water Division)
	 	K07443985	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	Road Commission for Oakland County	 	License/Permit	 	24-May-06	 	24-May-07	 	 	 	 	 	 	2,000	 	 	 	2,000	 
	37Wtr Constructors (Water Division)
	 	K07444060	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	City of Fergus Falls	 	Performance and Payment	 	15-Jun-06	 	15-Sep-07	 	 	 	 	 	 	1,518,000	 	 	 	1,518,000	 
	37Wtr Constructors (Water Division)
	 	K07444126	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	Kalamazoo County Drain Commission	 	License/Permit	 	01-Jan-06	 	01-Jan-07	 	 	 	 	 	 	6,250	 	 	 	6,250	 
	37Wtr Constructors (Water Division)
	 	KG6368	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	State of Illinois, Secretary of State	 	Public	 	24-Apr-03	 	24-Apr-07	 	 	 	 	 	 	5,000	 	 	 	5,000	 
	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-07	 	 	 	 	 	 	72,000	 	 	 	72,000	 
	37Wtr Constructors (Water Division)
	 	ST2928	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	State of Illinois	 	Public	 	27-Aug-02	 	27-Aug-06	 	 	 	 	 	 	5,000	 	 	 	5,000	 
	37Wtr Constructors (Water Division)
	 	ST2948	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	The Village of Shorewood	 	Warranty	 	13-Nov-03	 	13-Nov-06	 	 	 	 	 	 	48,525	 	 	 	48,525	 
	37Wtr Constructors (Water Division)
	 	SY2682	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	Charter Township of White Lake	 	Maintenance	 	01-Jul-05	 	01-Jul-07	 	 	 	 	 	 	1,084,370	 	 	 	1,084,370	 
	37Wtr Constructors (Water Division)
	 	SY2687	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	El Dorado Irrigation Dist	 	Performance and Payment	 	05-Jun-03	 	30-Jun-06	 	 	 	 	 	 	1,646,000	 	 	 	1,646,000	 
	37Wtr Constructors (Water Division)
	 	TB6388	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	City of Inver Grove Heights	 	Performance and Payment	 	09-Oct-03	 	15-Jun-07	 	 	 	 	 	 	2,248,000	 	 	 	2,248,000	 
	37Wtr Constructors (Water Division)
	 	TB6389	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	Dillingham-Ray Wilson	 	Court	 	09-Oct-03	 	09-Oct-06	 	 	 	 	 	 	261,721	 	 	 	261,721	 
	37Wtr Constructors (Water Division)
	 	TB6441	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	Town of Westerly, Rhode Island	 	Performance and Payment	 	30-Jan-04	 	01-Sep-06	 	 	 	 	 	 	1,590,000	 	 	 	1,590,000	 
	37Wtr Constructors (Water Division)
	 	TB6456	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	Valero Refining	 	Retention	 	10-Mar-04	 	10-Mar-07	 	 	 	 	 	 	142,766	 	 	 	142,766	 
	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	 	 	 	5,000	 
	37Wtr Constructors (Water Division)
	 	TB6478	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	Intercontinental Terminals Company	 	Retention	 	31-Mar-04	 	31-Mar-07	 	 	 	 	 	 	218,064	 	 	 	218,064	 
	37Wtr Constructors (Water Division)
	 	TD8645	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	City of Sioux Falls	 	Performance and Payment	 	02-Aug-04	 	15-Jul-06	 	 	 	 	 	 	2,128,200	 	 	 	2,128,200	 
	37Wtr Constructors (Water Division)
	 	TD8647	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	Village of Algonquin, IL	 	Performance and Payment	 	11-Aug-04	 	11-Aug-06	 	 	 	 	 	 	1,242,700	 	 	 	1,242,700	 
	37Wtr Constructors (Water Division)
	 	TD8648	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	EVANSDALE WATERWORKS BOARD OF TRUSTEES	 	Maintenance	 	16-Aug-04	 	16-Aug-06	 	 	 	 	 	 	1,162,989	 	 	 	1,162,989	 
	37Wtr Constructors (Water Division)
	 	TD8659	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	New York State Office of General Services	 	Performance and Payment	 	16-Sep-04	 	30-Jun-06	 	 	 	 	 	 	1,032,300	 	 	 	1,032,300	 
	37Wtr Constructors (Water Division)
	 	TD8662	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	Charter Township of Independence	 	Maintenance	 	30-Oct-05	 	30-Oct-07	 	 	 	 	 	 	1,670,000	 	 	 	1,670,000	 
	37Wtr Constructors (Water Division)
	 	TD8665	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	City of Ripon	 	Performance and Payment	 	27-Sep-04	 	31-Dec-06	 	 	 	 	 	 	7,649,000	 	 	 	7,649,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sub-total
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	194,051,462	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	39 CBI (Delaware)
	 	1062797	 	Washington International	 	US Customs Service	 	Custom	 	18-Jun-02	 	18-Jun-07	 	 	 	 	 	 	50,000	 	 	 	50,000	 
	39 CBI (Delaware)
	 	58618532	 	WESTERN SURETY COMPANY (WSC)	 	Jesse White, Secretary of State, Index Dept.	 	Public	 	17-Aug-04	 	03-Oct-08	 	 	 	 	 	 	5,000	 	 	 	5,000	 






 


 









 






Surety Bonds as of 6/30/06





	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in Issued	 	 	USD or USD	 
	Company ID	 	Bond #	 	ISSUING company	 	BENEFICIARY	 	PURPOSE	 	ISSUED	 	EXPIRY	 	Curr	 	 	Currency	 	 	Equiv.	 
	39 CBI (Delaware)
	 	58618533	 	WESTERN SURETY COMPANY (WSC)	 	State of Alaska	 	License/Permit	 	29-Sep-03	 	29-Sep-06	 	 	 	 	 	 	10,000	 	 	 	10,000	 
	39 CBI (Delaware)
	 	58618542	 	WESTERN SURETY COMPANY (WSC)	 	State of Iowa, Division of Labor	 	License/Permit	 	09-Oct-02	 	09-Oct-06	 	 	 	 	 	 	50,000	 	 	 	50,000	 
	39 CBI (Delaware)
	 	58618595	 	WESTERN SURETY COMPANY (WSC)	 	State of Arizona, Registrar of Contractors	 	License/Permit	 	22-Jan-03	 	22-Jan-07	 	 	 	 	 	 	40,000	 	 	 	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-07	 	 	 	 	 	 	12,000	 	 	 	12,000	 
	39 CBI (Delaware)
	 	58618597	 	WESTERN SURETY COMPANY (WSC)	 	State Revenue Commissioner of the State of Georgia	 	Tax	 	31-Dec-02	 	01-Jan-07	 	 	 	 	 	 	5,000	 	 	 	5,000	 
	39 CBI (Delaware)
	 	CMS215359	 	RLI INSURANCE COMPANY (RLI)	 	State of Oregon	 	License/Permit	 	07-Feb-02	 	07-Feb-07	 	 	 	 	 	 	15,000	 	 	 	15,000	 
	39 CBI (Delaware)
	 	CMS215359	 	RLI INSURANCE COMPANY (RLI)	 	Oregon Construction Contractor’s Board	 	License/Permit	 	07-Feb-03	 	07-Feb-07	 	 	 	 	 	 	15,000	 	 	 	15,000	 
	39 CBI (Delaware)
	 	CMS215363	 	RLI INSURANCE COMPANY (RLI)	 	State of Arizona Department of Revenue	 	License/Permit	 	30-Jun-02	 	30-Jun-07	 	 	 	 	 	 	102,000	 	 	 	102,000	 
	39 CBI (Delaware)
	 	K07443948	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	Village of Plainfield, IL	 	License/Permit	 	16-May-06	 	16-May-07	 	 	 	 	 	 	10,000	 	 	 	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	 	 	 	5,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sub-total
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	319,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	41 Morse Construction
	 	CMS226327	 	RLI INSURANCE COMPANY (RLI)	 	Pacific Energy Group, LLC	 	Retention	 	06-Jan-06	 	06-Jan-07	 	 	 	 	 	 	599,660	 	 	 	599,660	 
	41 Morse Construction
	 	CMS215362	 	RLI INSURANCE COMPANY (RLI)	 	State of Nevada	 	License/Permit	 	11-Jul-02	 	01-Jun-07	 	 	 	 	 	 	50,000	 	 	 	50,000	 
	41 Morse Construction
	 	CMS215361	 	RLI INSURANCE COMPANY (RLI)	 	State of Nevada Department of Taxation	 	License/Permit	 	08-Nov-02	 	01-Apr-07	 	 	 	 	 	 	2,500	 	 	 	2,500	 
	41 Morse Construction
	 	81558864	 	FEDERAL INSURANCE COMPANY (FED)	 	Vue du Lac, LLC	 	Performance and Payment	 	24-Mar-06	 	15-Sep-06	 	 	 	 	 	 	672,138	 	 	 	672,138	 
	41 Morse Construction
	 	81558859	 	FEDERAL INSURANCE COMPANY (FED)	 	Brutoco Engineering & Construction	 	Performance and Payment	 	06-Mar-06	 	31-Dec-06	 	 	 	 	 	 	890,104	 	 	 	890,104	 
	41 Morse Construction
	 	81558811	 	FEDERAL INSURANCE COMPANY (FED)	 	Kaweah Construction Co.	 	Performance and Payment	 	04-Jan-06	 	04-Jan-07	 	 	 	 	 	 	195,757	 	 	 	195,757	 
	41 Morse Construction
	 	81558696	 	FEDERAL INSURANCE COMPANY (FED)	 	Whitworth Water District #2	 	Performance and Payment	 	24-Apr-06	 	31-Jan-07	 	 	 	 	 	 	1,149,135	 	 	 	1,149,135	 
	41 Morse Construction
	 	58637382	 	WESTERN SURETY COMPANY (WSC)	 	City of Monroe	 	Performance and Payment	 	04-Apr-06	 	31-Dec-06	 	 	 	 	 	 	1,172,885	 	 	 	1,172,885	 
	41 Morse Construction
	 	58633465	 	WESTERN SURETY COMPANY (WSC)	 	State of Oregon	 	License/Permit	 	13-May-02	 	16-May-08	 	 	 	 	 	 	15,000	 	 	 	15,000	 
	41 Morse Construction
	 	58633464	 	WESTERN SURETY COMPANY (WSC)	 	Oregon Construction Contractor’s Board	 	License/Permit	 	17-Feb-06	 	17-Feb-07	 	 	 	 	 	 	30,000	 	 	 	30,000	 
	41 Morse Construction
	 	58633441	 	WESTERN SURETY COMPANY (WSC)	 	City of Tualatin, Oregon	 	Performance and Payment	 	18-Nov-05	 	31-Dec-06	 	 	 	 	 	 	5,984,102	 	 	 	5,984,102	 
	41 Morse Construction
	 	58629035	 	WESTERN SURETY COMPANY (WSC)	 	Lakewood Water District	 	Performance and Payment	 	23-Jun-05	 	01-Aug-06	 	 	 	 	 	 	2,036,000	 	 	 	2,036,000	 
	41 Morse Construction
	 	58629034	 	WESTERN SURETY COMPANY (WSC)	 	Pacific Mechanical Corporation	 	Performance and Payment	 	29-Apr-05	 	01-Oct-06	 	 	 	 	 	 	2,572,000	 	 	 	2,572,000	 
	41 Morse Construction
	 	58627869	 	WESTERN SURETY COMPANY (WSC)	 	State of California	 	License/Permit	 	27-Feb-02	 	27-Feb-07	 	 	 	 	 	 	10,000	 	 	 	10,000	 
	41 Morse Construction
	 	58627868	 	WESTERN SURETY COMPANY (WSC)	 	State of California	 	License/Permit	 	27-Feb-02	 	27-Feb-07	 	 	 	 	 	 	7,500	 	 	 	7,500	 
	41 Morse Construction
	 	58627867	 	WESTERN SURETY COMPANY (WSC)	 	State of Washington Department of Labor & Industri	 	License/Permit	 	04-Feb-02	 	04-Feb-07	 	 	 	 	 	 	12,000	 	 	 	12,000	 
	41 Morse Construction
	 	58627866	 	WESTERN SURETY COMPANY (WSC)	 	State of Alaska	 	License/Permit	 	27-Feb-02	 	27-Feb-07	 	 	 	 	 	 	10,000	 	 	 	10,000	 
	41 Morse Construction
	 	58618531	 	WESTERN SURETY COMPANY (WSC)	 	State of Wyoming Dept. of Employment	 	Warranty	 	16-Aug-04	 	18-Aug-06	 	 	 	 	 	 	16,000	 	 	 	16,000	 
	40 CBI Services
	 	58618536	 	WESTERN SURETY COMPANY (WSC)	 	State of Alaska	 	License/Permit	 	31-Aug-02	 	31-Aug-06	 	 	 	 	 	 	5,000	 	 	 	5,000	 
	40 CBI Services
	 	58618603	 	WESTERN SURETY COMPANY (WSC)	 	Operating Engineers Local 825 Service Fund	 	Performance	 	10-Jan-00	 	10-Jan-07	 	 	 	 	 	 	25,000	 	 	 	25,000	 
	40 CBI Services
	 	TB6420	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	Woodhaven Village, Inc.	 	Performance	 	10-Dec-03	 	30-Jun-06	 	 	 	 	 	 	2,154,000	 	 	 	2,154,000	 
	40 CBI Services
	 	TB6368	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	Stafford Twp. Water & Sewer Utility Dept.	 	Maintenance	 	25-Aug-03	 	30-Mar-07	 	 	 	 	 	 	98,672	 	 	 	98,672	 
	40 CBI Services
	 	K07443912	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	Hitachi America Ltd.	 	Maintenance	 	01-May-06	 	01-May-09	 	 	 	 	 	 	10,000	 	 	 	10,000	 






 


 









 







Surety Bonds as of 6/30/06






	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in Issued	 	 	USD or USD	 
	Company ID	 	Bond #	 	ISSUING company	 	BENEFICIARY	 	PURPOSE	 	ISSUED	 	EXPIRY	 	Curr	 	 	Currency	 	 	Equiv.	 
	40 CBI Services
	 	K07443821	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	State of Nebraska	 	License/Permit	 	24-Apr-06	 	24-Apr-07	 	 	 	 	 	 	47,000	 	 	 	47,000	 
	40 CBI Services
	 	K07231684	 	WESTCHESTER FIRE INSURANCE COMPANY (WIF)	 	LG Constructors, Inc	 	Performance and Payment	 	27-Jun-06	 	01-May-08	 	 	 	 	 	 	693,788	 	 	 	693,788	 
	40 CBI Services
	 	CMS226313	 	RLI INSURANCE COMPANY (RLI)	 	Missouri Depart of Revenue, Tax Admin Bureau	 	Wage and Welfare	 	01-Oct-05	 	01-Oct-06	 	 	 	 	 	 	25,000	 	 	 	25,000	 
	40 CBI Services
	 	CMS226311	 	RLI INSURANCE COMPANY (RLI)	 	Structural Steel and Bridge Painters Local Union 806	 	Wage and Welfare	 	20-Sep-05	 	19-Sep-06	 	 	 	 	 	 	25,000	 	 	 	25,000	 
	40 CBI Services
	 	CMS226307	 	RLI INSURANCE COMPANY (RLI)	 	I.U.O.E. Local 520	 	Wage and Welfare	 	11-Jul-05	 	11-Jul-06	 	 	 	 	 	 	20,000	 	 	 	20,000	 
	40 CBI Services
	 	CMS226303	 	RLI INSURANCE COMPANY (RLI)	 	Iron Workers Locals 40,361, & 417 Union	 	Welfare	 	04-Jul-05	 	04-Jul-08	 	 	 	 	 	 	30,000	 	 	 	30,000	 
	40 CBI Services
	 	CMS226302	 	RLI INSURANCE COMPANY (RLI)	 	Local 282 Welfare, Pension, Annuity,	 	Welfare	 	04-Jul-05	 	04-Jul-06	 	 	 	 	 	 	10,000	 	 	 	10,000	 
	40 CBI Services
	 	CMS226301	 	RLI INSURANCE COMPANY (RLI)	 	United Association Local Union 322	 	Wage and Welfare	 	17-Aug-05	 	17-Aug-06	 	 	 	 	 	 	200,000	 	 	 	200,000	 
	40 CBI Services
	 	CMS215368	 	RLI INSURANCE COMPANY (RLI)	 	State of Arizona	 	License/Permit	 	27-Jul-98	 	27-Jul-06	 	 	 	 	 	 	40,000	 	 	 	40,000	 
	40 CBI Services
	 	CMS215364	 	RLI INSURANCE COMPANY (RLI)	 	State of California	 	Wage and Welfare	 	16-Jul-02	 	16-Jul-06	 	 	 	 	 	 	220,000	 	 	 	220,000	 
	40 CBI Services
	 	CMS215358	 	RLI INSURANCE COMPANY (RLI)	 	State of Arkansas — Contractors Licensing Board	 	License/Permit	 	30-Apr-05	 	30-Apr-07	 	 	 	 	 	 	10,000	 	 	 	10,000	 
	40 CBI Services
	 	81558804	 	FEDERAL INSURANCE COMPANY (FED)	 	Kiewit Pacific Company	 	Performance and Payment	 	12-Dec-05	 	01-Sep-06	 	 	 	 	 	 	501,995	 	 	 	501,995	 
	40 CBI Services
	 	81558702	 	FEDERAL INSURANCE COMPANY (FED)	 	Caterpillar Trail Public Water District (E. Peoria, IL)	 	Performance and Payment	 	17-May-06	 	30-Aug-07	 	 	 	 	 	 	1,135,000	 	 	 	1,135,000	 
	40 CBI Services
	 	58633476	 	WESTERN SURETY COMPANY (WSC)	 	State of Washington	 	License/Permit	 	17-Jun-04	 	17-Jun-09	 	 	 	 	 	 	12,000	 	 	 	12,000	 
	40 CBI Services
	 	58633475	 	WESTERN SURETY COMPANY (WSC)	 	State of Washington	 	License/Permit	 	17-Jun-99	 	17-Jun-09	 	 	 	 	 	 	12,000	 	 	 	12,000	 
	40 CBI Services
	 	58633474	 	WESTERN SURETY COMPANY (WSC)	 	State of California	 	License/Permit	 	13-Mar-99	 	13-Mar-09	 	 	 	 	 	 	10,000	 	 	 	10,000	 
	40 CBI Services
	 	58633451	 	WESTERN SURETY COMPANY (WSC)	 	Painters District #58 Remittance Report	 	Wage and Welfare	 	11-Jan-06	 	11-Jan-07	 	 	 	 	 	 	15,000	 	 	 	15,000	 
	40 CBI Services
	 	58629046	 	WESTERN SURETY COMPANY (WSC)	 	New York State Office of General Services	 	Performance and Payment	 	01-Aug-05	 	31-Dec-06	 	 	 	 	 	 	3,120,000	 	 	 	3,120,000	 
	40 CBI Services
	 	58627876	 	WESTERN SURETY COMPANY (WSC)	 	Iron Workers’ Local No. 25 Fringe Benefit Funds	 	Wage and Welfare	 	17-Mar-05	 	17-Mar-07	 	 	 	 	 	 	25,000	 	 	 	25,000	 
	40 CBI Services
	 	58627870	 	WESTERN SURETY COMPANY (WSC)	 	State of Oregon Construction Contractors Board	 	License/Permit	 	26-Mar-02	 	26-Mar-07	 	 	 	 	 	 	15,000	 	 	 	15,000	 
	40 CBI Services
	 	58627865	 	WESTERN SURETY COMPANY (WSC)	 	International Assoc. of Heat & Frost Insulators & Asbestos Workers	 	Wage and Welfare	 	01-Mar-05	 	01-Mar-07	 	 	 	 	 	 	100,000	 	 	 	100,000	 
	40 CBI Services
	 	58627864	 	WESTERN SURETY COMPANY (WSC)	 	Nevada Department of Taxation	 	Tax	 	01-Jan-04	 	01-Jan-07	 	 	 	 	 	 	100	 	 	 	100	 
	40 CBI Services
	 	58627863	 	WESTERN SURETY COMPANY (WSC)	 	Laborers Union Local #731	 	Wage and Welfare	 	08-Nov-03	 	01-Mar-07	 	 	 	 	 	 	25,000	 	 	 	25,000	 
	40 CBI Services
	 	58627862	 	WESTERN SURETY COMPANY (WSC)	 	Twin City Iron Workers Fringe Benefits Funds	 	Wage and Welfare	 	27-Jan-03	 	27-Jan-07	 	 	 	 	 	 	25,000	 	 	 	25,000	 
	40 CBI Services
	 	58627861	 	WESTERN SURETY COMPANY (WSC)	 	Carpenters Health & Welfare Fund of Philadelphia a	 	Wage and Welfare	 	01-May-02	 	01-May-07	 	 	 	 	 	 	50,000	 	 	 	50,000	 
	40 CBI Services
	 	58618616	 	WESTERN SURETY COMPANY (WSC)	 	State of Connecticut	 	License/Permit	 	19-Oct-04	 	08-Feb-07	 	 	 	 	 	 	4,039,750	 	 	 	4,039,750	 
	40 CBI Services
	 	58618605	 	WESTERN SURETY COMPANY (WSC)	 	Township of Long Beach	 	Maintenance	 	04-Oct-04	 	04-Oct-06	 	 	 	 	 	 	91,700	 	 	 	91,700	 
	40 CBI Services
	 	58618558	 	WESTERN SURETY COMPANY (WSC)	 	Iowa Division of Labor	 	Labor	 	01-Nov-04	 	01-Nov-06	 	 	 	 	 	 	65,000	 	 	 	65,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sub-total
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	28,280,786	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	92 Howe Baker Engineers
	 	TB6406	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	The Clerk of the County of Gloucester	 	Court	 	05-Dec-03	 	05-Dec-06	 	 	 	 	 	 	848,548	 	 	 	848,548	 
	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-06	 	 	 	 	 	 	342,042	 	 	 	342,042	 
	92 Howe Baker Engineers
	 	TB6417	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	Block 5025 County of Gloucester	 	Court	 	05-Dec-03	 	05-Dec-06	 	 	 	 	 	 	75,228	 	 	 	75,228	 
	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-06	 	 	 	 	 	 	500,477	 	 	 	500,477	 
	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-06	 	 	 	 	 	 	674,725	 	 	 	674,725	 






 


 









 






Surety Bonds as of 6/30/06






	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in Issued	 	 	USD or USD	 
	Company ID	 	Bond #	 	ISSUING company	 	BENEFICIARY	 	PURPOSE	 	ISSUED	 	EXPIRY	 	Curr	 	 	Currency	 	 	Equiv.	 
	92 Howe Baker Engineers
	 	TB6414	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	The Clerk of the County of Gloucester	 	Court	 	05-Dec-03	 	05-Dec-06	 	 	 	 	 	 	243,116	 	 	 	243,116	 
	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-06	 	 	 	 	 	 	1,907,984	 	 	 	1,907,984	 
	92 Howe Baker Engineers
	 	TB6412	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	The Clerk of the County of Gloucester	 	Court	 	05-Dec-03	 	05-Dec-06	 	 	 	 	 	 	6,094,662	 	 	 	6,094,662	 
	92 Howe Baker Engineers
	 	TB6411	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	The Clerk of the County of Gloucester	 	Court	 	05-Dec-03	 	05-Dec-06	 	 	 	 	 	 	393,667	 	 	 	393,667	 
	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-06	 	 	 	 	 	 	559,895	 	 	 	559,895	 
	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-06	 	 	 	 	 	 	164,513	 	 	 	164,513	 
	92 Howe Baker Engineers
	 	CMS226300	 	RLI INSURANCE COMPANY (RLI)	 	Construction Industries Baord, State of Oklahoma	 	License/Permit	 	17-Aug-04	 	17-Aug-06	 	 	 	 	 	 	5,000	 	 	 	5,000	 
	92 Howe Baker Engineers
	 	CMS215369	 	RLI INSURANCE COMPANY (RLI)	 	Construction Industries Board, State of Oklahoma	 	License/Permit	 	17-Aug-04	 	17-Aug-06	 	 	 	 	 	 	5,000	 	 	 	5,000	 
	92 Howe Baker Engineers
	 	CMS215355	 	RLI INSURANCE COMPANY (RLI)	 	State of Wyoming	 	License/Permit	 	31-Mar-05	 	31-Mar-07	 	 	 	 	 	 	776,311	 	 	 	776,311	 
	92 Howe Baker Engineers
	 	58627879	 	WESTERN SURETY COMPANY (WSC)	 	State of Washington	 	License/Permit	 	16-Apr-02	 	16-Apr-07	 	 	 	 	 	 	12,000	 	 	 	12,000	 
	92 Howe Baker Engineers
	 	58627878	 	WESTERN SURETY COMPANY (WSC)	 	State of California	 	License/Permit	 	11-Mar-02	 	11-Mar-07	 	 	 	 	 	 	7,500	 	 	 	7,500	 
	92 Howe Baker Engineers
	 	58627877	 	WESTERN SURETY COMPANY (WSC)	 	State of California	 	License/Permit	 	11-Mar-02	 	11-Mar-07	 	 	 	 	 	 	10,000	 	 	 	10,000	 
	92 Howe Baker Engineers
	 	58618539	 	WESTERN SURETY COMPANY (WSC)	 	NEW CENTURY FINANCIAL	 	Court	 	14-Sep-04	 	14-Sep-06	 	 	 	 	 	 	82,624	 	 	 	82,624	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sub-total
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	12,703,292	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	33 A & B Builders, Ltd
	 	CMS215356	 	RLI INSURANCE COMPANY (RLI)	 	State of Wyoming	 	License/Permit	 	31-Mar-05	 	31-Mar-07	 	 	 	 	 	 	776,311	 	 	 	776,311	 
	33 A & B Builders, Ltd
	 	CMS226317	 	RLI INSURANCE COMPANY (RLI)	 	City of Beaumont	 	License/Permit	 	13-Sep-05	 	13-Sep-06	 	 	 	 	 	 	15,000	 	 	 	15,000	 
	33 A & B Builders, Ltd
	 	CMS226306	 	RLI INSURANCE COMPANY (RLI)	 	State of Wyoming	 	Payment	 	01-Apr-05	 	01-Feb-07	 	 	 	 	 	 	12,000	 	 	 	12,000	 
	33 A & B Builders, Ltd
	 	CMS226310	 	RLI INSURANCE COMPANY (RLI)	 	State of Louisiana	 	Tax	 	01-Aug-05	 	01-Aug-06	 	 	 	 	 	 	5,893,247	 	 	 	5,893,247	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sub-total
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	6,696,557	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	93 Matrix Engineering Ltd
	 	TB6422	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	J V Industrial  MOB 1177	 	Court	 	08-Dec-03	 	08-Dec-06	 	 	 	 	 	 	783,129	 	 	 	783,129	 
	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	 	 	 	10,000	 
	93 Matrix Engineering Ltd
	 	15690167	 	WESTERN SURETY COMPANY (WSC)	 	Secretary of State of Texas, Notary Public Unit	 	Public	 	01-Aug-04	 	01-Aug-07	 	 	 	 	 	 	10,000	 	 	 	10,000	 
	93 Matrix Engineering Ltd
	 	CMS226309	 	RLI INSURANCE COMPANY (RLI)	 	State of Louisiana — Dept of Revenue	 	Tax	 	01-Aug-05	 	01-Aug-06	 	 	 	 	 	 	11,901,472	 	 	 	11,901,472	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sub-total
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	12,704,601	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	44 CBI Venezolana
	 	6240	 	Vzlano de Credito	 	Petrolera Zuata,Petrozuata,S.A.	 	Labor	 	23-Jul-03	 	23-Jul-07	 	VZB	 	 	14,711,548	 	 	 	6,847	 
	44 CBI Venezolana
	 	6241	 	Vzlano de Credito	 	Petrolera Zuata , Petrozuata,C.A.	 	Labor	 	23-Jul-03	 	23-Jul-07	 	 	 	 	 	 	14,242	 	 	 	14,242	 
	44 CBI Venezolana
	 	6242	 	Vzlano de Credito	 	Petrolera Zuata, Petrozuata,C.A.	 	Performance	 	23-Jul-03	 	23-Jul-06	 	VZB	 	 	14,711,548	 	 	 	6,847	 
	44 CBI Venezolana
	 	7297	 	Vzlano de Credito	 	Sincrudos de Oriente SINCOR	 	Labor	 	19-Aug-04	 	26-Apr-06	 	VZB	 	 	36,880,504	 	 	 	17,164	 
	44 CBI Venezolana
	 	7300	 	Vzlano de Credito	 	Sincrudos de Oriente SINCOR	 	Performance	 	19-Aug-04	 	31-Mar-06	 	 	 	 	 	 	44,321	 	 	 	44,321	 
	44 CBI Venezolana
	 	8028	 	Vzlano de Credito	 	Orifuels Sinovensa	 	Performance	 	26-Oct-04	 	31-Dec-06	 	VZB	 	 	2,999,804,884	 	 	 	1,396,109	 
	44 CBI Venezolana
	 	8032	 	Vzlano de Credito	 	Orifuels Sinovensa	 	Labor	 	26-Oct-04	 	31-Dec-06	 	VZB	 	 	862,303,704	 	 	 	401,316	 
	44 CBI Venezolana
	 	8077	 	Vzlano de Credito	 	Cristallex International	 	Payment	 	21-Jul-05	 	21-Jul-06	 	VZB	 	 	654,277,151	 	 	 	304,501	 






 


 









 







Surety Bonds as of 6/30/06





	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in Issued	 	 	USD or USD	 
	Company ID	 	Bond #	 	ISSUING company	 	BENEFICIARY	 	PURPOSE	 	ISSUED	 	EXPIRY	 	Curr	 	 	Currency	 	 	Equiv.	 
	44 CBI Venezolana
	 	8128	 	Vzlano de Credito	 	Petrozuata	 	Payment	 	07-Sep-05	 	07-Sep-06	 	VZB	 	 	1,547,999,818	 	 	 	720,439	 
	44 CBI Venezolana
	 	8142	 	Vzlano de Credito	 	Petrozuata	 	Labor	 	07-Sep-05	 	07-Sep-06	 	VZB	 	 	774,000,339	 	 	 	360,220	 
	44 CBI Venezolana
	 	8143	 	Vzlano de Credito	 	Petrolera Zuata Petrozuata	 	Performance	 	14-Sep-05	 	14-Sep-06	 	 	 	 	 	 	74,936	 	 	 	74,936	 
	44 CBI Venezolana
	 	8144	 	Vzlano de Credito	 	Petrozuata	 	Performance	 	07-Sep-05	 	07-Sep-06	 	VZB	 	 	612,887,939	 	 	 	285,238	 
	44 CBI Venezolana
	 	8158	 	Vzlano de Credito	 	Orifuels Sinovensa	 	Performance	 	19-Sep-05	 	19-Sep-06	 	 	 	 	 	 	45,810	 	 	 	45,810	 
	44 CBI Venezolana
	 	8159	 	Vzlano de Credito	 	Orifuels Sinovensa	 	Performance	 	19-Sep-05	 	19-Sep-06	 	VZB	 	 	48,510,573	 	 	 	22,577	 
	44 CBI Venezolana
	 	8165	 	Vzlano de Credito	 	Orifuels Sinovensa	 	Labor	 	21-Sep-05	 	21-Sep-06	 	VZB	 	 	24,255,286	 	 	 	11,288	 
	44 CBI Venezolana
	 	8177	 	Vzlano de Credito	 	Orifuels Sinovensa	 	Labor	 	30-Sep-05	 	30-Sep-06	 	VZB	 	 	92,931,600	 	 	 	43,250	 
	44 CBI Venezolana
	 	8178	 	Vzlano de Credito	 	Orifuels Sinovensa	 	Performance	 	30-Sep-05	 	30-Sep-06	 	VZB	 	 	185,861,050	 	 	 	86,500	 
	44 CBI Venezolana
	 	8186	 	Vzlano de Credito	 	PDVSA Petroleo	 	Performance	 	03-Oct-05	 	03-Oct-06	 	VZB	 	 	1,095,123,542	 	 	 	509,670	 
	44 CBI Venezolana
	 	8187	 	Vzlano de Credito	 	PDVSA Petroleo	 	Labor	 	03-Oct-05	 	03-Oct-06	 	VZB	 	 	519,926,069	 	 	 	241,974	 
	44 CBI Venezolana
	 	8193	 	Vzlano de Credito	 	Orifuels Sinovensa	 	Payment	 	06-Oct-05	 	06-Oct-06	 	VZB	 	 	111,737,865	 	 	 	52,003	 
	44 CBI Venezolana
	 	8494	 	Vzlano de Credito	 	 	 	Performance	 	01-Jun-06	 	01-Dec-06	 	VZB	 	 	5,000,000	 	 	 	2,327	 
	44 CBI Venezolana
	 	8306	 	Vzlano de Credito	 	PDVSA	 	Advance	 	04-Jan-06	 	04-Jan-07	 	VZB	 	 	1,314,148,250	 	 	 	611,605	 
	44 CBI Venezolana
	 	7301	 	Vzlano de Credito	 	Sincrudos de Oriente SINCOR	 	Performance	 	19-Aug-04	 	31-Dec-06	 	VZB	 	 	52,391,788	 	 	 	24,383	 
	44 CBI Venezolana
	 	6249	 	Vzlano de Credito	 	 	 	Performance	 	30-Jul-03	 	30-Jul-07	 	 	 	 	 	 	20,009	 	 	 	20,009	 
	44 CBI Venezolana
	 	2203218	 	Seguros Caracas	 	PDVSA	 	Performance	 	08-Oct-01	 	30-Aug-06	 	VZB	 	 	869,000,085	 	 	 	404,433	 
	44 CBI Venezolana
	 	2203219	 	Seguros Caracas	 	PDVSA	 	Labor	 	08-Oct-01	 	30-Aug-06	 	VZB	 	 	347,897,928	 	 	 	161,912	 
	44 CBI Venezolana
	 	01-16-100820	 	Seguros Mercantil	 	Aduana de Guanta	 	Labor	 	27-Nov-02	 	30-Aug-06	 	VZB	 	 	6,850,701	 	 	 	3,188	 
	44 CBI Venezolana
	 	01-16-101637	 	Seguros Mercantil	 	Petrolera Zuata, Petrozuata,C.A.	 	Labor	 	19-Jun-03	 	30-Aug-06	 	VZB	 	 	12,701,656	 	 	 	5,911	 
	44 CBI Venezolana
	 	01-16-100780	 	Seguros Mercantil	 	SINCOR	 	Labor	 	06-Nov-02	 	30-Aug-06	 	VZB	 	 	64,134,000	 	 	 	29,848	 
	44 CBI Venezolana
	 	01-16-105380	 	Seguros Mercantil	 	Fiel Cumplenelecira	 	Performance	 	14-Dec-04	 	31-Aug-06	 	VZB	 	 	216,087,278	 	 	 	100,567	 
	44 CBI Venezolana
	 	01-16-104008	 	Seguros Mercantil	 	INELECTRA	 	Performance	 	17-May-04	 	17-May-06	 	VZB	 	 	104,214,118	 	 	 	48,501	 
	44 CBI Venezolana
	 	01-16-105385	 	Seguros Mercantil	 	INELECTRA	 	Performance	 	14-Dec-04	 	31-Aug-06	 	VZB	 	 	155,582,840	 	 	 	72,408	 
	44 CBI Venezolana
	 	01-16-104011	 	Seguros Mercantil	 	INELECTRA	 	Performance	 	17-May-04	 	17-May-06	 	VZB	 	 	104,214,118	 	 	 	48,501	 
	44 CBI Venezolana
	 	01-16-104012	 	Seguros Mercantil	 	INELECTRA	 	Labor	 	17-May-04	 	17-May-07	 	VZB	 	 	169,211,848	 	 	 	78,751	 
	44 CBI Venezolana
	 	01-16-104056	 	Seguros Mercantil	 	Operadora Cerro Negro	 	Payment	 	21-May-04	 	21-May-06	 	VZB	 	 	200,855,232	 	 	 	93,478	 
	44 CBI Venezolana
	 	01-16-104058	 	Seguros Mercantil	 	Operadora Cerro Negro	 	Performance	 	21-May-04	 	21-May-06	 	VZB	 	 	200,855,232	 	 	 	93,478	 
	44 CBI Venezolana
	 	01-16-104059	 	Seguros Mercantil	 	Operadora Cerro Negro	 	Payment	 	21-May-04	 	21-May-06	 	 	 	 	 	 	105,388	 	 	 	105,388	 
	44 CBI Venezolana
	 	01-16-104060	 	Seguros Mercantil	 	Operadora Cerro Negro	 	Performance	 	21-May-04	 	21-May-06	 	 	 	 	 	 	105,388	 	 	 	105,388	 
	44 CBI Venezolana
	 	01-16-104295	 	Seguros Mercantil	 	Petrolera Ameriven	 	Performance	 	01-Jul-04	 	01-Jul-06	 	VZB	 	 	263,922,755	 	 	 	122,830	 
	44 CBI Venezolana
	 	01-16-104296	 	Seguros Mercantil	 	Petrolera Ameriven	 	Performance	 	01-Jul-04	 	01-Jul-06	 	 	 	 	 	 	112,838	 	 	 	112,838	 
	44 CBI Venezolana
	 	01-16-104297	 	Seguros Mercantil	 	Petrolera Ameriven	 	Labor	 	01-Jul-04	 	01-Sep-07	 	VZB	 	 	131,961,377	 	 	 	61,415	 
	44 CBI Venezolana
	 	01-16-104526	 	Seguros Mercantil	 	JANTESA, S. A.	 	Performance	 	04-Aug-04	 	05-Jul-06	 	VZB	 	 	223,872,768	 	 	 	104,190	 
	44 CBI Venezolana
	 	01-16-104527	 	Seguros Mercantil	 	JANTESA, S. A.	 	Labor	 	04-Aug-04	 	04-Oct-06	 	VZB	 	 	111,936,384	 	 	 	52,095	 






 


 









 







Surety Bonds as of 6/30/06





	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in Issued	 	 	USD or USD	 
	Company ID	 	Bond #	 	ISSUING company	 	BENEFICIARY	 	PURPOSE	 	ISSUED	 	EXPIRY	 	Curr	 	 	Currency	 	 	Equiv.	 
	44 CBI Venezolana
	 	01-16-105384	 	Seguros Mercantil	 	Aduana de Guanta	 	Tax	 	14-Nov-04	 	14-Dec-06	 	VZB	 	 	182,543,296	 	 	 	84,956	 
	44 CBI Venezolana
	 	01-16-105415	 	Seguros Mercantil	 	Aduana de Guanta	 	Tax	 	14-Dec-04	 	14-Dec-06	 	VZB	 	 	96,661,440	 	 	 	44,986	 
	44 CBI Venezolana
	 	01-16-105671	 	Seguros Mercantil	 	Aduana de Guanta	 	Tax	 	16-Feb-05	 	15-Dec-06	 	VZB	 	 	106,654,021	 	 	 	49,637	 
	44 CBI Venezolana
	 	8044	 	Vzlano de Credito	 	Operadora Cerro Negro	 	Performance	 	28-Jun-05	 	31-Oct-06	 	VZB	 	 	164,471,447	 	 	 	76,545	 
	44 CBI Venezolana
	 	8045	 	Vzlano de Credito	 	Operadora Cerro Negro	 	Performance	 	28-Jun-05	 	31-Oct-06	 	 	 	 	 	 	34,239	 	 	 	34,239	 
	44 CBI Venezolana
	 	8043	 	Vzlano de Credito	 	Operadora Cerro Negro	 	Labor	 	28-Jun-05	 	31-Dec-06	 	VZB	 	 	82,235,724	 	 	 	38,273	 
	44 CBI Venezolana
	 	32-47439	 	Seguros Mercantil	 	PDVSA	 	Performance	 	15-Aug-01	 	15-Aug-06	 	VZB	 	 	220,216,493	 	 	 	102,489	 
	44 CBI Venezolana
	 	01-16-104097	 	Seguros Mercantil	 	Operadora Cerro Negro	 	Performance	 	26-Jul-04	 	28-May-07	 	VZB	 	 	100,427,616	 	 	 	46,739	 
	44 CBI Venezolana
	 	01-16-104230	 	Seguros Mercantil	 	Petrolera Ameriven	 	Performance	 	22-Jun-04	 	22-Jun-07	 	VZB	 	 	263,922,755	 	 	 	122,830	 
	44 CBI Venezolana
	 	01-16-101635	 	Seguros Mercantil	 	Petrozuata	 	Performance	 	19-Jun-03	 	19-Jun-07	 	VZB	 	 	110,299,404	 	 	 	51,333	 
	44 CBI Venezolana
	 	01-16-104943	 	Seguros Mercantil	 	Operadora Cerro Negro	 	Performance	 	15-Apr-05	 	15-Apr-07	 	VZB	 	 	30,913,155	 	 	 	14,387	 
	44 CBI Venezolana
	 	35-16-100099	 	Seguros Mercantil	 	SINCOR	 	Performance	 	01-Jun-02	 	01-Jun-07	 	VZB	 	 	651,277,127	 	 	 	303,104	 
	44 CBI Venezolana
	 	35-16-100100	 	Seguros Mercantil	 	SINCOR	 	Performance	 	01-Jun-02	 	01-Jun-07	 	VZB	 	 	181,955,155	 	 	 	84,682	 
	44 CBI Venezolana
	 	01-16-105944	 	Seguros Mercantil	 	Operadora Cerro Negro	 	Performance	 	15-Apr-05	 	15-Apr-07	 	 	 	 	 	 	29,730	 	 	 	29,730	 
	44 CBI Venezolana
	 	35-16-100097	 	Seguros Mercantil	 	SINCOR	 	Performance	 	01-Jun-02	 	01-Jun-07	 	 	 	 	 	 	356,785	 	 	 	356,785	 
	44 CBI Venezolana
	 	35-16-100098	 	Seguros Mercantil	 	SINCOR	 	Performance	 	01-Jun-02	 	01-Jun-07	 	 	 	 	 	 	51,832	 	 	 	51,832	 
	44 CBI Venezolana
	 	8321	 	Vzlano de Credito	 	PDVSA	 	Performance	 	25-Jan-06	 	01-Jul-07	 	VZB	 	 	1,338,935,910	 	 	 	623,141	 
	44 CBI Venezolana
	 	8322	 	Vzlano de Credito	 	PDVSA	 	Performance	 	25-Jan-06	 	01-Jul-07	 	VZB	 	 	537,585,579	 	 	 	250,192	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sub-total
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	9,474,576	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	42 CBI Americas Limited
	 	83036590	 	FEDERAL INSURANCE COMPANY (FED)	 	Estado Libre Asociado de Puerto Rico	 	License/Permit	 	04-Oct-05	 	04-Oct-06	 	 	 	 	 	 	12,125	 	 	 	12,125	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sub-total
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	12,125	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	45 Central Trading Company Ltd
	 	TB6436	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	Commonwealth Construction Canada LTD	 	Maintenance	 	25-Jan-04	 	25-Jul-06	 	 	 	 	 	 	443,134	 	 	 	443,134	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sub-total
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	443,134	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	20 CBI Company Ltd
	 	83036024	 	FEDERAL INSURANCE COMPANY (FED)	 	Common Wealth of Puerto Rico, Department of Treasurery	 	Tax	 	08-Apr-05	 	14-Apr-07	 	 	 	 	 	 	30,000	 	 	 	30,000	 
	20 CBI Company Ltd
	 	TB6438	 	ST. PAUL FIRE AND MARINE INSURANCE COMPANY (SFM)	 	Commonwealth Construction Canada, Ltd	 	Maintenance	 	25-Jan-04	 	19-Aug-06	 	 	 	 	 	 	134,867	 	 	 	134,867	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sub-total
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	164,867	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	60 CBI Philippines Inc
	 	G(13)-000001612	 	Petrogen Insurance	 	Petron Corporation	 	Performance	 	05-Jul-05	 	30-Oct-06	 	PHP	 	 	28,378	 	 	 	28,378	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sub-total
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	28,378	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTAL
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	312,125,424