Revolving Credit Agreement


 Exhibit 10.1 
 EXECUTION VERSION 
  

					
		  		  	 Published CUSIP Numbers:

16725MAG6 (Deal)
 16725MAH4 (Revolving
Facility)


 REVOLVING CREDIT AGREEMENT 
 Dated as of December 21, 2012 
 among 

CHICAGO BRIDGE & IRON COMPANY N.V., 
 CHICAGO BRIDGE & IRON COMPANY (DELAWARE), 
 THE OTHER SUBSIDIARY
BORROWERS, 
 THE INSTITUTIONS FROM TIME TO TIME PARTIES HERETO AS LENDERS 

and 
 BANK OF
AMERICA, N.A., 
 as Administrative Agent and Swing Line Lender 

and 

CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK 
 as Syndication Agent 
 and 

BNP PARIBAS, THE ROYAL BANK OF SCOTLAND PLC, COMPASS BANK, BMO 

HARRIS BANK, N.A., FIFTH THIRD BANK, THE BANK OF TOKYO-MITSUBISHI 

UFJ, LTD. and REGIONS BANK, 
 as Documentation Agents 
 MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED and CRÉDIT 
 AGRICOLE CORPORATE AND INVESTMENT BANK, 

as Joint Lead Arrangers and Joint Book Runners 






 TABLE OF CONTENTS 

 
  
  

							
	 	 	 	  	Page	 
	
	 ARTICLE I
  

DEFINITIONS
	   
 
   

			
	SECTION 1.1	 	 Certain Defined Terms
	  	 	1	  
	SECTION 1.2	 	 Singular/Plural References; Accounting Terms
	  	 	35	  
	SECTION 1.3	 	 References
	  	 	35	  
	SECTION 1.4	 	 Supplemental Disclosure
	  	 	35	  

 ARTICLE II 
 REVOLVING LOAN FACILITY 

 

							
	SECTION 2.1	 	 Revolving Loans
	  	 	35	  
	SECTION 2.2	 	 Swing Line Loans
	  	 	36	  
	SECTION 2.3	 	 Rate Options for all Advances; Maximum Interest Periods
	  	 	39	  
	SECTION 2.4	 	 Optional Payments; Mandatory Prepayments
	  	 	39	  
	SECTION 2.5	 	 Changes in Commitments
	  	 	41	  
	SECTION 2.6	 	 Method of Borrowing
	  	 	44	  
	SECTION 2.7	 	 Method of Selecting Types and Interest Periods for Advances
	  	 	44	  
	SECTION 2.8	 	 Minimum Amount of Each Advance
	  	 	45	  
	SECTION 2.9	 	 Method of Selecting Types and Interest Periods for Conversion and Continuation of Advances
	  	 	45	  
	SECTION 2.10	 	 Default Rate
	  	 	45	  
	SECTION 2.11	 	 Method of Payment
	  	 	46	  
	SECTION 2.12	 	 Evidence of Debt
	  	 	46	  
	SECTION 2.13	 	 Telephonic Notices
	  	 	47	  
	SECTION 2.14	 	 Promise to Pay; Interest and Commitment Fees; Interest Payment Dates; Interest and Fee Basis; Taxes; Loan and Control
Accounts
	  	 	47	  
	SECTION 2.15	 	 Notification of Advances, Interest Rates, Prepayments and Aggregate Commitment Reductions
	  	 	54	  
	SECTION 2.16	 	 Lending Installations
	  	 	54	  
	SECTION 2.17	 	 Payments Generally; Administrative Agent’s Clawback
	  	 	54	  
	SECTION 2.18	 	 Termination Date
	  	 	56	  
	SECTION 2.19	 	 Replacement of Certain Lenders
	  	 	56	  
	SECTION 2.20	 	 Subsidiary Borrowers
	  	 	57	  
	SECTION 2.21	 	 Judgment Currency
	  	 	58	  
	SECTION 2.22	 	 Defaulting Lenders
	  	 	59	  


  
 i 







 ARTICLE III 
 THE LETTER OF CREDIT FACILITY 
  

							
	SECTION 3.1	 	 The Letter of Credit Commitment
	  	 	62	  
	SECTION 3.2	 	 Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of Credit
	  	 	64	  
	SECTION 3.3	 	 Drawings and Reimbursements; Funding of Participations
	  	 	66	  
	SECTION 3.4	 	 Repayment of Participants
	  	 	68	  
	SECTION 3.5	 	 Obligations Absolute
	  	 	68	  
	SECTION 3.6	 	 Role of Issuing Bank
	  	 	69	  
	SECTION 3.7	 	 Applicability of ISP and UCP; Limitation of Liability
	  	 	70	  
	SECTION 3.8	 	 Letter of Credit Fees
	  	 	70	  
	SECTION 3.9	 	 Conflict with L/C Documents
	  	 	71	  
	SECTION 3.10	 	 Letters of Credit Issued for Subsidiaries
	  	 	71	  
	SECTION 3.11	 	 Letter of Credit Amounts
	  	 	71	  
	SECTION 3.12	 	 Market Disruption
	  	 	71	  
	SECTION 3.13	 	 Controlled Account
	  	 	72	  

 ARTICLE IV 
 CHANGE IN CIRCUMSTANCES 
  

							
	SECTION 4.1	 	 Yield Protection
	  	 	73	  
	SECTION 4.2	 	 Changes in Capital Adequacy Regulations
	  	 	74	  
	SECTION 4.3	 	 Availability of Types of Advances
	  	 	75	  
	SECTION 4.4	 	 Funding Indemnification
	  	 	75	  
	SECTION 4.5	 	 Lender Statements; Survival of Indemnity
	  	 	75	  

 ARTICLE V 
 CONDITIONS PRECEDENT 
  

							
	SECTION 5.1	 	 Initial Advances and Letters of Credit
	  	 	76	  
	SECTION 5.2	 	 Initial Advance to Each New Subsidiary Borrower
	  	 	79	  
	SECTION 5.3	 	 Each Advance and Letter of Credit after the Transaction Closing Date
	  	 	80	  

 ARTICLE VI 
 REPRESENTATIONS AND WARRANTIES 
  

							
	SECTION 6.1	 	 Organization; Corporate Powers
	  	 	81	  
	SECTION 6.2	 	 Authority, Execution and Delivery; Loan Documents
	  	 	81	  
	SECTION 6.3	 	 No Conflict; Governmental Consents
	  	 	82	  
	SECTION 6.4	 	 Financial Statements
	  	 	82	  
	SECTION 6.5	 	 No Material Adverse Change
	  	 	83	  
	SECTION 6.6	 	 Taxes
	  	 	83	  


  
 ii 









							
	SECTION 6.7	 	 Litigation; Loss Contingencies and Violations
	  	 	83	  
	SECTION 6.8	 	 Subsidiaries
	  	 	84	  
	SECTION 6.9	 	 ERISA
	  	 	84	  
	SECTION 6.10	 	 Accuracy of Information
	  	 	85	  
	SECTION 6.11	 	 Securities Activities
	  	 	85	  
	SECTION 6.12	 	 Material Agreements
	  	 	85	  
	SECTION 6.13	 	 Compliance with Laws
	  	 	85	  
	SECTION 6.14	 	 Assets and Properties
	  	 	86	  
	SECTION 6.15	 	 Statutory Indebtedness Restrictions
	  	 	86	  
	SECTION 6.16	 	 Insurance
	  	 	86	  
	SECTION 6.17	 	 Environmental Matters
	  	 	86	  
	SECTION 6.18	 	 Representations and Warranties of each Subsidiary Borrower
	  	 	87	  
	SECTION 6.19	 	 Benefits
	  	 	88	  
	SECTION 6.20	 	 Solvency
	  	 	88	  
	SECTION 6.21	 	 OFAC
	  	 	89	  
	SECTION 6.22	 	 PATRIOT Act
	  	 	89	  
	SECTION 6.23	 	 Senior Indebtedness
	  	 	89	  

 ARTICLE VII 
 COVENANTS 
  

							
	SECTION 7.1	 	 Reporting
	  	 	89	  
	SECTION 7.2	 	 Affirmative Covenants
	  	 	94	  
	SECTION 7.3	 	 Negative Covenants
	  	 	97	  
	SECTION 7.4	 	 Financial Covenants
	  	 	106	  

 ARTICLE VIII 
 DEFAULTS 
  

							
	SECTION 8.1	 	 Defaults
	  	 	108	  

 ARTICLE IX 
 ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES 
  

							
	SECTION 9.1	 	 Termination of Commitments; Acceleration
	  	 	111	  
	SECTION 9.2	 	 Amendments
	  	 	112	  
	SECTION 9.3	 	 No Waiver; Cumulative Remedies; Enforcement
	  	 	113	  

 ARTICLE X 
 GUARANTY 
  

							
	SECTION 10.1	 	 Guaranty
	  	 	114	  
	SECTION 10.2	 	 Waivers; Subordination of Subrogation
	  	 	115	  
	SECTION 10.3	 	 Guaranty Absolute
	  	 	116	  


  
 iii









							
	SECTION 10.4	 	 Acceleration
	  	 	116	  
	SECTION 10.5	 	 Marshaling; Reinstatement
	  	 	117	  
	SECTION 10.6	 	 Termination Date
	  	 	117	  

 ARTICLE XI 
 GENERAL PROVISIONS 
  

							
	SECTION 11.1	 	 Survival of Representations
	  	 	117	  
	SECTION 11.2	 	 Governmental Regulation
	  	 	117	  
	SECTION 11.3	 	 Performance of Obligations
	  	 	118	  
	SECTION 11.4	 	 Headings
	  	 	118	  
	SECTION 11.5	 	 Entire Agreement
	  	 	118	  
	SECTION 11.6	 	 Several Obligations; Benefits of this Agreement
	  	 	118	  
	SECTION 11.7	 	 Expenses; Indemnity; Damage Waiver
	  	 	119	  
	SECTION 11.8	 	 Numbers of Documents
	  	 	121	  
	SECTION 11.9	 	 Accounting
	  	 	121	  
	SECTION 11.10	 	 Severability of Provisions
	  	 	122	  
	SECTION 11.11	 	 No Advisory or Fiduciary Responsibility
	  	 	122	  
	SECTION 11.12	 	 GOVERNING LAW
	  	 	123	  
	SECTION 11.13	 	 CONSENT TO JURISDICTION; SERVICE OF PROCESS; WAIVER OF JURY TRIAL
	  	 	123	  
	SECTION 11.14	 	 Other Transactions
	  	 	124	  
	SECTION 11.15	 	 Subordination of Intercompany Indebtedness
	  	 	125	  
	SECTION 11.16	 	 Lenders Not Utilizing Plan Assets
	  	 	126	  
	SECTION 11.17	 	 Collateral
	  	 	126	  
	SECTION 11.18	 	 USA PATRIOT Act, Bank Secrecy Act and Office of Foreign Assets Control
	  	 	126	  
	SECTION 11.19	 	 Payments Set Aside
	  	 	126	  

 ARTICLE XII 
 THE ADMINISTRATIVE AGENT 
  

							
	SECTION 12.1	 	 Appointment and Authority
	  	 	127	  
	SECTION 12.2	 	 Rights as a Lender
	  	 	127	  
	SECTION 12.3	 	 Exculpatory Provisions
	  	 	127	  
	SECTION 12.4	 	 Reliance by Administrative Agent
	  	 	128	  
	SECTION 12.5	 	 Delegation of Duties
	  	 	129	  
	SECTION 12.6	 	 Resignation of Administrative Agent
	  	 	129	  
	SECTION 12.7	 	 Non-Reliance on Administrative Agent and Other Lenders
	  	 	130	  
	SECTION 12.8	 	 No Other Duties, Etc.
	  	 	131	  
	SECTION 12.9	 	 Administrative Agent May File Proofs of Claim
	  	 	131	  
	SECTION 12.10	 	 Guaranty Matters
	  	 	131	  
	SECTION 12.11	 	 Obligations of Lenders Several
	  	 	132	  
	SECTION 12.12	 	 Interest Rate Limitation
	  	 	132	  
	SECTION 12.13	 	 Electronic Execution of Assignments and Certain Other Documents
	  	 	132	  


  
 iv 








 ARTICLE XIII 
 SETOFF; RATABLE PAYMENTS 
  

							
	SECTION 13.1	 	 Setoff
	  	 	132	  
	SECTION 13.2	 	 Ratable Payments
	  	 	133	  
	SECTION 13.3	 	 Application of Payments
	  	 	134	  
	SECTION 13.4	 	 Relations Among Lenders
	  	 	134	  
	SECTION 13.5	 	 Failure to Make Payment
	  	 	135	  

 ARTICLE XIV 
 BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS 
  

							
	SECTION 14.1	 	 Successors and Assigns
	  	 	135	  
	SECTION 14.2	 	 Treatment of Certain Information; Confidentiality
	  	 	140	  
	SECTION 14.3	 	 Dissemination of Information
	  	 	141	  

 ARTICLE XV 
 NOTICES 
  

							
	SECTION 15.1	 	 Notices; Effectiveness; Electronic Communication
	  	 	141	  

 ARTICLE XVI 
 COUNTERPARTS; INTEGRATION; EFFECTIVENESS 

  
 v 







 EXHIBITS AND SCHEDULES 

Exhibits 
  

					
	EXHIBIT A-1	 	—	  	Commitments (Definitions)
	EXHIBIT A-2	 	—	  	Issuing Banks
	EXHIBIT A-3	 	—	  	Mandatory Cost
	EXHIBIT B	 	—	  	Form of Borrowing/Election Notice (Section 2.7 and Section 2.9)
	EXHIBIT C	 	—	  	Swing Line Loan Notice (Section 2.2)
	EXHIBIT D	 	—	  	Form of Assignment and Assumption (Sections 2.19 and 14.3)
	EXHIBIT E-1	 	—	  	Form of Company’s US Counsel’s Opinion (Section 5.1(a))
	EXHIBIT E-2	 	—	  	Form of Company’s Foreign Counsel’s Opinion (Section 5.1(a))
	EXHIBIT E-3	 	—	  	[RESERVED]
	EXHIBIT E-4	 	—	  	Form of Counsel’s Opinion for Subsidiary Borrowers (Section 5.1(a))
	EXHIBIT F	 	—	  	Form of Officer’s Certificate (Sections 5.3 and 7.1(a)(iii))
	EXHIBIT G	 	—	  	Form of Compliance Certificate (Sections 5.3 and 7.1(a)(iii))
	EXHIBIT H	 	—	  	Form of Subsidiary Guaranty (Definitions)
	EXHIBIT I	 	—	  	Form of Revolving Loan Note
	EXHIBIT J	 	—	  	Form of Assumption Letter (Definitions)
	EXHIBIT K	 	—	  	[RESERVED]
	EXHIBIT L	 	—	  	Form of Commitment and Acceptance (Section 2.5(b)(i))
	
	Schedules
			
	Schedule 1.1.1	 	—	  	Permitted Existing Indebtedness (Definitions)
	Schedule 1.1.2	 	—	  	Permitted Existing Investments (Definitions)
	Schedule 1.1.3	 	—	  	Permitted Existing Liens (Definitions)
	Schedule 1.1.4	 	—	  	Permitted Existing Contingent Obligations (Definitions)
	Schedule 1.1.5	 	—	  	Initial Material Subsidiaries and Material Subsidiaries
	Schedule 3.1	 	—	  	Existing Letters of Credit (Section 3.1(a)(ii))
	Schedule 6.7	 	—	  	Litigation (Section 6.7)
	Schedule 6.8	 	—	  	Subsidiaries (Section 6.8)
	Schedule 6.9	 	—	  	Pensions and Post-Retirement Plans
	Schedule 6.17	 	—	  	Environmental Matters (Section 6.17)
	Schedule 7.3(N)	 	—	  	Subsidiary Covenants (Section 7.3(n))
	Schedule 7.3(S)	 	—	  	Permitted Restricted Payments (Section 7.3(s))


  
 vi 








 REVOLVING CREDIT AGREEMENT 

This Revolving Credit Agreement dated as of December 21, 2012 is entered into among Chicago Bridge & Iron Company N.V., a
corporation organized under the laws of The Kingdom of the Netherlands (the “Company”), Chicago Bridge & Iron Company (Delaware), a Delaware corporation (the “Initial Borrower”), and one or more other
Subsidiaries of the Company from time to time parties hereto as Subsidiary Borrowers (as hereinafter defined), the institutions from time to time parties hereto as Lenders, whether by execution of this Agreement or an Assignment and Assumption
pursuant to Section 14.1, and Bank of America, N.A. (“BofA”), in its capacity as administrative agent for itself and the other Lenders (in such capacity, together with any successor appointed pursuant to Article
XII, the “Administrative Agent”) and as Swing Line Lender. The parties hereto agree as follows: 

ARTICLE I 

DEFINITIONS 
 SECTION 1.1 Certain Defined Terms. In addition to the terms defined above, the following terms used in this Agreement shall have the following meanings, applicable both to the singular and the
plural forms of the terms defined as used in this Agreement: 
 “2006 Bond Trust Deed” is defined in
Section 7.3(g)(ii). 
 “Accounting Change” is defined in Section 11.9. 

“Acquisition” means any transaction, or any series of related transactions, consummated on or after the date of this
Agreement, by which the Company or any of its Subsidiaries (i) acquires any going business or all or substantially all of the assets of any Person, firm, corporation or division thereof, whether through purchase of assets, merger or otherwise
or (ii) directly or indirectly acquires (in one transaction or as the most recent transaction in a series of transactions) at least a majority (in number of votes) of the securities of a corporation which have ordinary voting power for the
election of directors (other than securities having such power only by reason of the happening of a contingency) or a majority (by percentage of voting power) of the outstanding Equity Interests of another Person. 

“Act” is defined in Section 11.18. 
 “Adjusted Aggregate Commitment” means, on any date of determination, the Aggregate Commitment minus an amount equal to three percent (3%) of the aggregate face amounts of all
Letters of Credit denominated in Agreed Currencies other than Dollars. 
 “Adjusted Indebtedness” of a Person
means, without duplication, such Person’s Indebtedness but excluding obligations with respect to (i) the undrawn portion of any Performance Letters of Credit, bank guarantees supporting obligations comparable to those supported by
Performance Letters of Credit and all reimbursement agreements related thereto and (ii) liabilities of such Person or any of its Subsidiaries under any sale and leaseback transaction which do not create a liability on the consolidated balance
sheet of such Person. 






 “Administrative Agent” is defined in the recital of parties to this
Agreement. 
 “Advance” means a borrowing hereunder consisting of the aggregate amount of the several Loans
made by some or all of the Lenders to the applicable Borrower of the same Type and, in the case of Eurodollar Rate Advances for the same Interest Period. 
 “Affected Lender” is defined in Section 2.19. 

“Affiliate” of any Person means any other Person directly or indirectly controlling, controlled by or under common
control with such Person. A Person shall be deemed to control another Person if the controlling Person is the “beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934) of greater than ten percent
(10.0%) or more of any class of voting securities (or other voting interests) of the controlled Person or possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of the controlled Person,
whether through ownership of Capital Stock, by contract or otherwise. 
 “Agent Parties” is defined in
Section 15.1(c). 
 “Aggregate Commitment” means the aggregate of the Commitments of all the
Lenders, as may be adjusted from time to time pursuant to the terms hereof. The Aggregate Commitment as of the Closing Date is Six Hundred and Fifty Million Dollars ($650,000,000). 

“Agreed Currencies” means (i) Dollars and (ii) any other Eligible Agreed Currency which the applicable
Borrower requests the applicable Issuing Bank to include as an Agreed Currency hereunder and which is acceptable to such Issuing Bank and the Administrative Agent. For purposes of this definition, “Eligible Agreed Currency” means
any currency other than Dollars (i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) which is convertible into Dollars in the
international interbank market and (v) as to which an Equivalent Amount may be readily calculated. 

“Agreement” means this Revolving Credit Agreement, as it may be amended, restated, amended and restated or otherwise
modified and in effect from time to time. 
 “Agreement Accounting Principles” means generally accepted
accounting principles as in effect in the United States from time to time, applied in a manner consistent with that used in preparing the financial statements of the Company referred to in Section 6.4(b) hereof; provided,
however, except as provided in Section 11.9, that with respect to the calculation of financial ratios and other financial tests required by this Agreement, “Agreement Accounting Principles” means generally accepted
accounting principles as in effect in the United States as of the date of this Agreement, applied in a manner consistent with that used in preparing the financial statements of the Company referred to in Section 6.4(b) hereof.

 “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of
(i) the Prime Rate in effect on such day, (ii) the Federal Funds Effective Rate in effect on such day plus
 1/2 of 1%, and (iii) the Eurodollar Rate (without giving effect to the Applicable Eurodollar Margin) for a one-month Interest Period on such day (or if such day is not a Business


  
 2 







 
Day, the immediately preceding Business Day) plus 1%, provided that, for the avoidance of doubt, the Eurodollar Rate for any day shall be based on the rate appearing on Reuters
Screen LIBOR01 Page (or on any successor or substitute page of such page) at approximately 11:00 a.m. London time on such day. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the
Eurodollar Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the Eurodollar Rate, respectively. 

“Applicable Commitment Fee Percentage” means, as at any date of determination, the rate per annum then applicable in the
determination of the amount payable under Section 2.14(c)(i) hereof determined in accordance with the provisions of Section 2.14(d)(ii) hereof. 
 “Applicable Eurodollar Margin” means, as at any date of determination, the rate per annum then applicable to Eurodollar Rate Loans determined in accordance with the provisions of
Section 2.14(d)(ii) hereof. 
 “Applicable Floating Rate Margins” means, as at any date of
determination, the rate per annum then applicable to Floating Rate Loans, determined in accordance with the provisions of Section 2.14(d)(ii) hereof. 
 “Applicable L/C Fee Percentage” means, as at any date of determination, (x) with respect to Performance Letters of Credit, the rate per annum then applicable to Performance Letters
of Credit, and (y) with respect to Financial Letters of Credit, the rate per annum then applicable to Financial Letters of Credit, in each case determined in accordance with the provisions of Section 2.14(d)(ii). 

“Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender
or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Arrangers” means
MLPFS and CACIB, in their respective capacities as the arrangers for the credit transaction evidenced by this Agreement. 

“Asset Sale” means, with respect to any Person, the sale, lease, conveyance, disposition or other transfer by such
Person of any of its assets (including by way of a sale-leaseback transaction, and including the sale or other transfer of any of the Equity Interests of any Subsidiary of such Person, but not the Equity Interests of such Person) to any Person other
than the Company or any of its wholly-owned Subsidiaries other than (i) the sale of inventory in the ordinary course of business and (ii) the sale or other disposition of any obsolete equipment disposed of in the ordinary course of
business. 
 “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an
Eligible Assignee (with the consent of any party whose consent is required by Section 14.1(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit D or any other form (including electronic documentation
generated by MarkitClear or other electronic platform) approved by the Administrative Agent. 

  
 3 







 “Assumption Letter” means a letter of a Subsidiary of the Company addressed
to the Lenders in substantially the form of Exhibit J hereto pursuant to which such Subsidiary agrees to become a “Subsidiary Borrower” and agrees to be bound by the terms and conditions hereof. 

“Authorized Officer” means a Managing Director of the Company, or such other Person as authorized by a Managing
Director, acting singly; provided, that the Administrative Agent shall have received a manually signed certificate of the Secretary of the Company as to the incumbency of, and bearing a manual specimen signature of, such duly authorized
Person. 
 “Auto-Extension Letter of Credit” is defined in Section 3.2(c). 

“Bankruptcy Event” means, with respect to any Person, such Person becomes the subject of a bankruptcy or insolvency
proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, or, in the good faith
determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy Event shall not result solely by
virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, provided, further, that such ownership interest does not result in or provide such
Person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to reject, repudiate,
disavow or disaffirm any contracts or agreements made by such Person. 
 “Benefit Plan” means a defined benefit
plan as defined in Section 3(35) of ERISA (other than a Multiemployer Plan or Foreign Pension Plan) in respect of which the Company or any other member of the Controlled Group is, or within the immediately preceding six (6) years was, an
“employer” as defined in Section 3(5) of ERISA. 
 “BofA” is defined in the recital of parties
to this Agreement. 
 “Borrower” means, as applicable, any of the Subsidiary Borrowers, together with their
permitted respective successors and assigns; and “Borrowers” shall mean, collectively, the Subsidiary Borrowers. 
 “Borrower Materials” is defined in Section 15.1(c). 

“Borrowing Date” means a date on which an Advance or Swing Line Loan is made hereunder. 

“Borrowing/Election Notice” is defined in Section 2.7. 

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

  
 4 







 “BSA” is defined in Section 11.18. 

“Business Day” means (i) with respect to any borrowing, payment or rate selection of Loans bearing interest at the
Eurodollar Rate, a day (other than a Saturday or Sunday) on which banks are open for business in New York, New York and on which dealings in Dollars and the other Agreed Currencies are carried on in the London interbank market (and, if the Letter of
Credit which is the subject of such issuance or payment is denominated in euro, a day upon which such clearing system as is determined by the Administrative Agent to be suitable for clearing or settlement of the euro is open for business) and
(ii) for all other purposes a day (other than a Saturday or Sunday) on which banks are open for business in New York, New York. 
 “Buying Lender” is defined in Section 2.5(b)(ii). 

“CACIB” means Crédit Agricole Corporate and Investment Bank. 

“Capital Stock” means (i) in the case of a corporation, corporate stock, (ii) in the case of an association or
business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock, (iii) in the case of a partnership, partnership interests (whether general or limited) and (iv) any other
interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person. 
 “Capitalized Lease” of a Person means any lease of property by such Person as lessee which would be capitalized on a balance sheet of such Person prepared in accordance with Agreement
Accounting Principles. 
 “Capitalized Lease Obligations” of a Person means the amount of the obligations of
such Person under Capitalized Leases which would be capitalized on a balance sheet of such Person prepared in accordance with Agreement Accounting Principles. 
 “Cash Collateralize” means to deposit in a Controlled Account or to pledge and deposit with or deliver to the Administrative Agent, for the benefit of one or more of the Issuing Banks,
the Lenders or the Swing Line Lender, as collateral for L/C Obligations or obligations of the Lenders to fund participations in respect of L/C Obligations or Swing Line Loans, cash or deposit account balances or, if the Administrative Agent and the
applicable Issuing Bank shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance satisfactory to the Administrative Agent and the Issuing Bank. “Cash Collateral” shall
have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 

“Cash Equivalents” means (i) marketable direct obligations issued or unconditionally guaranteed by the United
States government and backed by the full faith and credit of the United States government; (ii) domestic and Eurodollar certificates of deposit and time deposits, bankers’ acceptances and floating rate certificates of deposit issued by any
commercial bank organized under the laws of the United States, any state thereof, the District of Columbia, any foreign bank, or its branches or agencies, the long-term indebtedness of which institution at the time of acquisition is rated A- (or
better) by S&P or A3 (or better) by Moody’s, 

  
 5 







 
and which certificates of deposit and time deposits are fully protected against currency fluctuations for any such deposits with a term of more than ninety (90) days; (iii) shares of
money market, mutual or similar funds having assets in excess of $100,000,000 and the investments of which are limited to (x) investment grade securities (i.e., securities rated at least Baa by Moody’s or at least BBB by S&P) and
(y) commercial paper of United States and foreign banks and bank holding companies and their subsidiaries and United States and foreign finance, commercial industrial or utility companies which, at the time of acquisition, are rated A-1 (or
better) by S&P or P-1 (or better) by Moody’s (all such institutions being, “Qualified Institutions”); (iv) commercial paper of Qualified Institutions; provided that the maturities of such Cash Equivalents shall
not exceed three hundred sixty-five (365) days from the date of acquisition thereof; and (v) auction rate securities (long-term, variable rate bonds tied to short-term interest rates) that are rated Aaa by Moody’s or AAA by S&P.

 “Change” is defined in Section 4.2. 

“Change of Control” means an event or series of events by which: 

(i) any “person” or “group” (within the meaning of Sections 13(d) and 14(d)(2) of the Securities
Exchange Act of 1934) becomes the “beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934), directly or indirectly, of twenty percent (20%) or more of the voting power of the then outstanding Capital
Stock of the Company entitled to vote generally in the election of the directors of the Company; or 
 (ii) the
majority of the board of directors of the Company fails to consist of Continuing Directors; or 
 (iii) except as
expressly permitted under the terms of this Agreement, the Company or any Subsidiary Borrower consolidates with or merges into another Person or conveys, transfers or leases all or substantially all of its property to any Person, or any Person
consolidates with or merges into the Company or any Subsidiary Borrower, in either event pursuant to a transaction in which the outstanding Capital Stock of the Company or such Subsidiary Borrower, as applicable, is reclassified or changed into or
exchanged for cash, securities or other property; or 
 (iv) except as otherwise expressly permitted under the
terms of this Agreement, the Company shall cease to own and control, either directly or indirectly, all of the economic and voting rights associated with all of the outstanding Capital Stock of each of the Subsidiary Guarantors or shall cease to
have the power, directly or indirectly, to elect all of the members of the board of directors of each of the Subsidiary Guarantors. 
 “Closing Date” means the date on which the conditions precedent set forth in Section 5.1(a) are satisfied or waived, which date is December 21, 2012. 

“Code” means the Internal Revenue Code of 1986, as amended, reformed or otherwise modified from time to time.


  
 6 







 “Collateral Shortfall Amount” is defined in Section 9.1(a).

 “Commission” means the Securities and Exchange Commission of the United States of America and any Person
succeeding to the functions thereof. 
 “Commitment” means, for each Lender, the obligation of such Lender to
make Revolving Loans and to purchase participations in Letters of Credit and to participate in Swing Line Loans not exceeding the amount set forth on Exhibit A-1 to this Agreement opposite its name thereon under the heading
“Commitment” or in the Assignment and Assumption by which it became a Lender, as such amount may be modified from time to time pursuant to the terms of this Agreement or to give effect to any applicable Assignment and Assumption.

 “Commitment Increase Notice” is defined in Section 2.5(b)(i). 

“Commitment Termination Date” means the earliest of (a) April 30, 2013 (which date shall be extended to
June 30, 2013 if the Outside Date (as defined in the Transaction Agreement) shall have been extended to June 30, 2013 pursuant to Section 8.1(b)(i) of the Transaction Agreement as in effect on July 30, 2012), unless the
Transaction Closing Date shall have occurred prior to such date, (b) the closing of the Shaw Acquisition without the use of the Bridge Facility, the Term Facility and the revolving credit facility established hereunder, and (c) the
termination of the Transaction Agreement prior to closing of the Shaw Acquisition in accordance with its terms. 

“Company” is defined in the recital of parties to this Agreement. 

“Computation Date” is defined in Section 2.4(b). 

“Consolidated Fixed Charges” means, for any period, the sum of (i) Consolidated Long-Term Lease Rentals for such
period and (ii) consolidated interest expense of the Company and its Subsidiaries (including capitalized interest and the interest component of Capitalized Leases) for such period; provided, that for each period following the Transaction
Closing Date until four full quarters following the Transaction Closing Date have passed, interest expense shall be calculated by multiplying the interest expense for the first such quarter by four, and for the period of two such quarters by two and
for the period of three such quarters by 4/3. 
 “Consolidated Long-Term Lease Rentals” means, for any period,
the sum of the minimum amount of rental and other obligations of the Company and its Subsidiaries required to be paid during such period under all leases of real or personal property (other than Capitalized Leases) having a term (including any
required renewals or extensions or any renewals or extensions at the option of the lessor or lessee) of one year or more after the commencement of the initial term, determined on a consolidated basis in accordance with GAAP. 

“Consolidated Net Income” means, for any period, the net income (or deficit) of the Company and its Subsidiaries for
such period, determined on a consolidated basis in accordance with GAAP, but excluding in any event (a) any extraordinary gain or loss (net of any tax effect) and (b) net earnings of any Person (other than a Subsidiary) in which the
Company or any Subsidiary has an ownership interest unless such net earnings shall have actually been received by the Company or such Subsidiary in the form of cash distributions. 

  
 7 







 “Consolidated Net Income Available for Fixed Charges” means, for any
period, Consolidated Net Income plus, to the extent deducted in determining such Consolidated Net Income, (i) provisions for income taxes, (ii) Consolidated Fixed Charges, (iii) extraordinary, unusual or non-recurring charges
otherwise deducted in arriving at Consolidated Net Income for such period arising from (A) the GenOn AQC Project, in an aggregate amount not to exceed $20.1 million, incurred prior to May 31, 2012 and (B) the Dominion project in an
aggregate amount not to exceed $88 million, incurred prior to May 31, 2012, (iv) to the extent not already included in Consolidated Net Income, dividends and distributions actually received in cash during such period from Persons that are
not Subsidiaries of the Company, (v) retention bonuses paid to officers, directors and employees of the Company and its Subsidiaries in connection with the Transaction not to exceed $25,000,000, (vi) any charges, fees and expenses incurred
in connection with the Transaction, the transactions related thereto, and any related issuance of Indebtedness or equity, whether or not successful, (vii) charges, expenses and losses incurred in connection with restructuring and integration
activities in connection with the Transaction, including in connection with closures of certain facilities and termination of leases, and (viii) expenses incurred in connection with the Shaw Acquisition and relating to termination and severance
as to, or relocation of, officers, directors and employees not exceeding $110,000,000; provided that EBITDA shall exclude the EBITDA of the business sold pursuant to the E&C Sale (as defined in the Transaction Agreement) from and after
the date that the E&C Sale is consummated, on a pro forma basis as if the E&C Sale had occurred on the first business day of the period; provided, further, that clauses (iii), (v), (vii) and (viii) of this definition
shall be applicable only from and after the consummation of the Shaw Acquisition. 
 “Consolidated Net Worth”
means, at a particular date, all amounts which would be included under shareholders’ or members’ equity on the consolidated balance sheet for the Company and its consolidated Subsidiaries plus any preferred stock of the Company to the
extent that it has not been redeemed for indebtedness, as determined in accordance with Agreement Accounting Principles. 

“Contaminant” means any waste, pollutant, hazardous substance, toxic substance, hazardous waste, special waste,
petroleum or petroleum-derived substance or waste, asbestos, polychlorinated biphenyls (“PCBs”), or any constituent of any such substance or waste, and includes but is not limited to these terms as defined in Environmental, Health
or Safety Requirements of Law. 
 “Contingent Obligation”, as applied to any Person, means any Contractual
Obligation, contingent or otherwise, of that Person with respect to any Indebtedness of another or other obligation or liability of another, including, without limitation, any such Indebtedness, obligation or liability of another directly or
indirectly guaranteed, endorsed (otherwise than for collection or deposit in the ordinary course of business), co-made or discounted or sold with recourse by that Person, or in respect of which that Person is otherwise directly or indirectly liable,
including Contractual Obligations (contingent or otherwise) arising through any agreement to purchase, repurchase, or otherwise acquire such Indebtedness, obligation or liability or any security therefor, or to provide funds for the payment or
discharge thereof (whether in the form of loans, advances, stock purchases, capital contributions or otherwise), or to maintain solvency, assets, level of income, or other financial condition, or to make payment other than for value received. The
amount of any Contingent Obligation shall be equal to the 

  
 8 







 
present value of the portion of the obligation so guaranteed or otherwise supported, in the case of known recurring obligations, and the maximum reasonably anticipated liability in respect of the
portion of the obligation so guaranteed or otherwise supported assuming such Person is required to perform thereunder, in all other cases. 
 “Continuing Director” means, with respect to any person as of any date of determination, any member of the board of directors of such Person who (a) was a member of such board of
directors on the Closing Date, or (b) was nominated for election or elected to such board of directors with the approval of the required majority of the Continuing Directors who were members of such board at the time of such nomination or
election; provided that an individual who is so elected or nominated in connection with a merger, consolidation, acquisition or similar transaction shall not be a Continuing Director unless such individual was a Continuing Director prior
thereto. 
 “Contractual Obligation”, as applied to any Person, means any provision of any equity or debt
securities issued by that Person or any indenture, mortgage, deed of trust, security agreement, pledge agreement, guaranty, contract, undertaking, agreement or instrument (including, without limitation, the Letter of Credit Agreement), in any case
in writing, to which that Person is a party or by which it or any of its properties is bound, or to which it or any of its properties is subject. 
 “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise
voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 
 “Controlled Account” means each deposit account and securities account that is subject to an account control agreement in form and substance satisfactory to the Administrative Agent.

 “Controlled Group” means the group consisting of (i) any corporation which is a member of the same
controlled group of corporations (within the meaning of Section 414(b) of the Code) as the Company; (ii) a partnership or other trade or business (whether or not incorporated) which is under common control (within the meaning of
Section 414(c) of the Code) with the Company; and (iii) a member of the same affiliated service group (within the meaning of Section 414(m) of the Code) as the Company, any corporation described in clause (i) above or any
partnership or trade or business described in clause (ii) above. 
 “Country Risk Event” means:

 (i) any law, action or failure to act by any Governmental Authority in the applicable Borrower’s or
Letter of Credit beneficiary’s country which has the effect of: 
 (A) changing the Obligations as
originally agreed, 
 (B) changing the ownership or control by the applicable Borrower or Letter of Credit
beneficiary of its business, or 

  
 9 







 (C) preventing or restricting the conversion into or transfer of the
applicable Agreed Currency; 
 (ii) force majeure; and 

(iii) any similar event 
 which, in relation to (i), (ii) and (iii), directly or indirectly, prevents or restricts the payment or transfer of any amounts owing under the Obligations in the applicable Agreed Currency into an
account designated by the Administrative Agent or applicable Issuing Bank and freely available to the Administrative Agent or such Issuing Bank. 
 “Credit Exposure” means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Revolving Loans plus such Lender’s L/C Exposure and
its participation interests in the outstanding Swing Line Loans. 
 “Customary Permitted Liens” means:

 (i) Liens (other than Environmental Liens and Liens in favor of the IRS or the PBGC) with respect to the
payment of taxes, assessments or governmental charges in all cases which are not yet due or (if foreclosure, distraint, sale or other similar proceedings shall not have been commenced or any such proceeding after being commenced is stayed) which are
being contested in good faith by appropriate proceedings properly instituted and diligently conducted and with respect to which adequate reserves or other appropriate provisions are being maintained in accordance with Agreement Accounting
Principles; 
 (ii) statutory Liens of landlords and Liens of suppliers, mechanics, carriers, materialmen,
warehousemen, service providers or workmen and other similar Liens imposed by law created in the ordinary course of business for amounts not yet due or which are being contested in good faith by appropriate proceedings properly instituted and
diligently conducted and with respect to which adequate reserves or other appropriate provisions are being maintained in accordance with Agreement Accounting Principles; 

(iii) Liens (other than Environmental Liens and Liens in favor of the IRS or the PBGC) incurred or deposits made in the
ordinary course of business in connection with workers’ compensation, unemployment insurance or other types of social security benefits or to secure the performance of bids, tenders, sales, contracts (other than for the repayment of borrowed
money), surety, appeal and performance bonds; provided that (A) all such Liens do not in the aggregate materially detract from the value of the Company’s or its Subsidiary’s assets or property taken as a whole or materially
impair the use thereof in the operation of the businesses taken as a whole, and (B) all Liens securing bonds to stay judgments or in connection with appeals do not secure at any time an aggregate amount exceeding $5,000,000; 

  
 10 








 (iv) Liens arising with respect to zoning restrictions, easements,
encroachments, licenses, reservations, covenants, rights-of-way, utility easements, building restrictions and other similar charges, restrictions or encumbrances on the use of real property which do not in any case materially detract from the value
of the property subject thereto or interfere with the ordinary conduct of the business of the Company or any of its respective Subsidiaries; 
 (v) Liens of attachment or judgment with respect to judgments, writs or warrants of attachment, or similar process against the Company or any of its Subsidiaries which do not constitute a Default under
Section 8.1(h) hereof; and 
 (vi) any interest or title of the lessor in the property subject to any
operating lease entered into by the Company or any of its Subsidiaries in the ordinary course of business. 
 “Debtor
Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar
debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect. 
 “Deficient
Amount” is defined in Section 2.4(b)(iii). 
 “Default” means an event described in
Article VIII hereof. 
 “Defaulting Lender” means any Lender that (a) has failed, within two
Business Days of the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion of its participations in Letters of Credit or Swing Line Loans or (iii) pay over to any Lender Party any other amount
required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s good faith determination that a condition precedent to
funding (specifically identified and including the particular default, if any) has not been satisfied, (b) has notified any Borrower or any Lender Party in writing, or has made a public statement to the effect, that it does not intend or expect
to comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Lender’s good faith determination that a condition precedent (specifically identified and
including the particular default, if any) to funding a loan under this Agreement cannot be satisfied) or generally under other agreements in which it commits to extend credit, (c) has failed, within three Business Days after request by a Lender
Party, acting in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations to fund prospective Loans and participations in then outstanding Letters of Credit and Swing Line
Loans under this Agreement, provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon such Lender Party’s receipt of such certification in form and substance reasonably satisfactory to it and
the Administrative Agent, or (d) has become, or has a Lender Parent that has become, the subject of a Bankruptcy Event. 

“Designated Hedging Agreements” is defined in Section 11.15. 

  
 11 








 “Designated Jurisdiction” means any country or territory to the extent that
such country or territory itself is the subject of any Sanction. 
 “Disclosed Litigation” is defined in
Section 6.7. 
 “Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of
any security into which it is convertible or for which it is exchangeable), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the holder
thereof, in whole or in part, on or prior to the date that is ninety-one (91) days after the Termination Date. 

“DOL” means the United States Department of Labor and any Person succeeding to the functions thereof. 

“Dollar” and “$” means dollars in the lawful currency of the United States of America. 

“Dollar Amount” of any currency at any date shall mean (i) the amount of such currency if such currency is Dollars
or (ii) the equivalent in Dollars of the amount of such currency if such currency is any currency other than Dollars, calculated on the basis of the Spot Rate (determined as of such date, if such date is a Computation Date, or if such date is
not a Computation Date, as of the most recent Computation Date) of the Administrative Agent or the applicable Issuing Bank, as the case may be. 
 “Domestic Subsidiary” means a Subsidiary of the Company organized under the laws of a jurisdiction located in the United States of America and substantially all of the operations of which
are conducted within the United States. 
 “Dutch Borrower” means any Borrower which is incorporated under the
laws of the Netherlands. 
 “EBIT” means, for any period, on a consolidated basis for the Company and its
Subsidiaries, the sum of the amounts for such period, without duplication, calculated in each case in accordance with Agreement Accounting Principles, of (i) Consolidated Net Income, plus (ii) Interest Expense to the extent deducted in
computing Consolidated Net Income, plus (iii) charges against income for foreign, federal, state and local taxes to the extent deducted in computing Consolidated Net Income, plus (iv) any other non-recurring non-cash charges (excluding any
such non-cash charges to the extent any such non-cash charge becomes, or is expected to become, a cash charge in a later period) to the extent deducted in computing Consolidated Net Income, plus (v) extraordinary losses incurred other than in
the ordinary course of business to the extent deducted in computing Consolidated Net Income, minus (vi) any non-recurring non-cash credits to the extent added in computing Consolidated Net Income, minus (vii) extraordinary gains realized
other than in the ordinary course of business to the extent added in computing Consolidated Net Income. 

“EBITDA” means, for any period, on a consolidated basis for the Company and its Subsidiaries, the sum of the amounts for
such period, without duplication, calculated in each case in accordance with Agreement Accounting Principles, of (i) EBIT plus (ii) depreciation 

  
 12 








 
expense to the extent deducted in computing Consolidated Net Income, plus (iii) amortization expense, including, without limitation, amortization of goodwill and other intangible assets to
the extent deducted in computing Consolidated Net Income, plus (iv) non-cash compensation expenses for management or employees to the extent deducted in computing Consolidated Net Income, plus (v) extraordinary, unusual or non-recurring
charges otherwise deducted in arriving at Consolidated Net Income for such period arising from (A) the GenOn AQC Project, in an aggregate amount not to exceed $20.1 million, incurred prior to May 31, 2012 and (B) the Dominion project
in an aggregate amount not to exceed $88 million, incurred prior to May 31, 2012, plus (vi) to the extent not already included in Consolidated Net Income, dividends and distributions actually received in cash during such period from
Persons that are not Subsidiaries of the Company, plus (vii) retention bonuses paid to officers, directors and employees of the Company and its Subsidiaries in connection with the Transaction not to exceed $25,000,000, plus (viii) any
charges, fees and expenses incurred in connection with the Transaction, the transactions related thereto, and any related issuance of Indebtedness or equity, whether or not successful, plus (ix) charges, expenses and losses incurred in
connection with restructuring and integration activities in connection with the Transaction, including in connection with closures of certain facilities and termination of leases, plus (x) expenses incurred in connection with the Shaw
Acquisition and relating to termination and severance as to, or relocation of, officers, directors and employees not exceeding $110,000,000; provided that EBITDA shall exclude the EBITDA of the business sold pursuant to the E&C Sale (as
defined in the Transaction Agreement) from and after the date that the E&C Sale is consummated, on a pro forma basis as if the E&C Sale had occurred on the first business day of the period; provided, further, that clauses (v),
(vii), (ix) and (x) of this definition shall be applicable only from and after the consummation of the Shaw Acquisition. 
 “Effective Commitment Amount” is defined in Section 2.5(b)(i). 
 “Eligible Assignee” means a Person that is primarily engaged in the business of commercial banking and that (A) is a Lender or an affiliate of a Lender, (B) shall have senior
unsecured long-term debt ratings which are rated at least BBB (or the equivalent) as publicly announced by S&P or Fitch Investors Services, Inc. or Baa2 (or the equivalent) as publicly announced by Moody’s, or (C) shall otherwise be
reasonably acceptable to the Administrative Agent and the Issuing Banks. 
 “Eligible Designee” means a special
purpose corporation, partnership, limited partnership or limited liability company that is administered by a Lender or an Affiliate of a Lender and (i) is organized under the laws of the United States of America or any state thereof,
(ii) is engaged primarily in making, purchasing or otherwise investing in commercial loans in the ordinary course of its business and (iii) issues (or the parent of which issues) commercial paper rated at least A-1 or the equivalent
thereof by S&P or the equivalent thereof by Moody’s. 
 “EMU” means Economic and Monetary Union as
contemplated in the Treaty on European Union. 
 “Environmental, Health or Safety Requirements of Law” means
all Requirements of Law derived from or relating to foreign, federal, state and local laws or regulations relating to or addressing pollution or protection of the environment, or protection of worker health or safety,


  
 13 








 
including, but not limited to, the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. § 9601 et seq., the Occupational Safety and Health Act of 1970,
29 U.S.C. § 651 et seq., and the Resource Conservation and Recovery Act of 1976, 42 U.S.C. § 6901 et seq., in each case including any amendments thereto, any successor statutes, and any regulations or guidance promulgated
thereunder, and any state or local equivalent thereof. 
 “Environmental Lien” means a lien in favor of any
Governmental Authority for (a) any liability under Environmental, Health or Safety Requirements of Law, or (b) damages arising from, or costs incurred by such Governmental Authority in response to, a Release or threatened Release of a
Contaminant into the environment. 
 “Equity Interests” means Capital Stock and all warrants, options or other
rights to acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock). Equity Interests will not include any Incentive Arrangements or obligations or payments thereunder. 

“Equivalent Amount” of any currency with respect to any amount of Dollars at any date shall mean the equivalent in such
currency of such amount of Dollars, calculated on the basis of the Spot Rate (determined as of such date, if such date is a Computation Date, or if such date is not a Computation Date, as of the most recent Computation Date) of the Administrative
Agent or the applicable Issuing Bank, as the case may be. 
 “ERISA” means the Employee Retirement Income
Security Act of 1974, as amended from time to time including (unless the context otherwise requires) any rules or regulations promulgated thereunder. 
 “Escalating L/C” means each Letter of Credit which provides for an increasing face amount from time to time. 
 “Escrowed Proceeds” means the proceeds from the Takeout Financing that are funded into escrow in one or more escrow accounts which will be released from escrow pursuant to and in
accordance with the terms of the escrow agreement among the Initial Borrower, the purchasers of the Notes and the escrow agent thereunder. 
 “euro” and/or “EUR” means the euro referred to in Council Regulation (EC) No. 1103/97 dated June 17, 1997 passed by the Council of the European Union, or,
if different, the then lawful currency of the member states of the European Union that participate in the third stage of EMU. 

“Eurodollar Base Rate” means, with respect to a Eurodollar Rate Advance for the relevant Interest Period, the applicable
British Bankers Association LIBOR Rate (or the successor thereto if the British Bankers Association is no longer making LIBOR rate available) for deposits in Dollars appearing on Reuters Screen FRBD as of 11:00 a.m. (London time) two Business
Days prior to the first day of such Interest Period, and having a maturity equal to such Interest Period, provided that, (i) if Reuters Screen FRBD is not available to the Administrative Agent for any reason, the applicable Eurodollar
Reference Rate for the relevant Interest Period shall instead be the applicable British Bankers’ Association Interest Settlement Rate for deposits in Dollars as reported by any other generally recognized financial information service as of


  
 14 








 
11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period, and having a maturity equal to such Interest Period, and (ii) if no such British Bankers’
Association LIBOR Rate is available, the applicable Eurodollar Reference Rate for the relevant Interest Period shall instead be the rate determined by the Administrative Agent to be the rate at which BofA offers to place deposits in Dollars with
first-class banks in the London interbank market at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period, in the approximate amount of BofA’s relevant Eurodollar Loan and having a maturity
equal to such Interest Period. 
 “Eurodollar Rate” means, with respect to a Eurodollar Rate Advance for the
relevant Interest Period, the sum of (i) the quotient of (a) the Eurodollar Base Rate applicable to such Interest Period, divided by (b) one minus the Reserve Requirement (expressed as a decimal) applicable to such Interest Period,
plus (ii) the then Applicable Eurodollar Margin, changing as and when the Applicable Eurodollar Margin changes, plus (iii) for Eurodollar Rate Advances by a Lender from its office or branch in the United Kingdom, the Mandatory Cost, plus
(iv) any other mandatory costs imposed by any governmental or regulatory authority. 
 “Eurodollar Rate
Advance” means an Advance which bears interest at a Eurodollar Rate. 
 “Eurodollar Rate Loan” means a
Loan made on a fully syndicated basis pursuant to Section 2.1, which bears interest at a Eurodollar Rate. 

“Excluded Foreign Subsidiary” means any Foreign Subsidiary other than those listed as Foreign Subsidiaries on
Schedule 1.1.5. 
 “Exemption Certificate” is defined in Section 2.14(e)(vi).

 “Existing Letters of Credit” is defined in Section 3.1(a)(ii). 

“Existing Revolving Credit Agreement” means that certain Third Amended and Restated Credit Agreement dated as of
July 23, 2010 by and among the Company and certain of the Subsidiary Borrowers parties thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, in each case, as amended, restated, amended and restated,
supplemented or otherwise modified from time to time. 
 “Facility Termination Date” shall mean the date on
which all of the Termination Conditions have been satisfied. 
 “FATCA” means Sections 1471 through 1474 of the
Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof and any agreement
entered into pursuant to Section 1471(b)(1) of the Code. 
 “Federal Funds Effective Rate” means, for any
day, an interest rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published for


  
 15 








 
such day (or, if such day is not a Business Day, for the immediately preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a
Business Day, the average of the quotations at approximately 11:00 a.m. Eastern time (daylight or standard, as applicable) on such day on such transactions received by the Administrative Agent from three Federal funds brokers of recognized
standing selected by the Administrative Agent in its sole discretion. 
 “Fee Letter” means the Fee Letter
dated as of July 30, 2012 among the Company, BofA, MLPFS and CACIB. 
 “Financial Credit Obligations”
means the sum of the outstanding principal amount of all Loans and all Financial L/C Obligations. 
 “Financial Credit
Sublimit” means, at any time, an amount equal to $487,500,000. 
 “Financial L/C Obligations” means,
without duplication, an amount equal to the sum of (i) the aggregate of the Dollar Amount then available for drawing under each of the Financial Letters of Credit (provided that, with respect to any Escalating L/C which is a Financial
Letter of Credit, such available amount shall equal the maximum Dollar Amount (after giving effect to all possible increases) available to be drawn under such Escalating L/C), (ii) the Dollar Amount equal to the stated amount of all outstanding
L/C Drafts corresponding to the Financial Letters of Credit, which L/C Drafts have been accepted by the applicable Issuing Bank, (iii) the aggregate outstanding Dollar Amount of all Unreimbursed Amounts under Financial Letters of Credit at such
time and (iv) the aggregate Dollar Amount equal to the maximum stated amount of all Financial Letters of Credit requested by the Borrowers but not yet issued or, in the case of an Escalating L/C which is a Financial Letter of Credit, the
portion of such maximum stated amount not yet issued (unless the request for an unissued Financial Letter of Credit has been denied). 
 “Financial Letter of Credit” means any Letter of Credit other than a Performance Letter of Credit. 
 “Financial Officer” means any of the chief financial officer, principal accounting officer, treasurer or controller of the Company, acting singly. 

“Fixed Charge Coverage Ratio” is defined in Section 7.4(b). 

“Floating Rate” means, for any day for any Loan, a rate per annum equal to the Alternate Base Rate for such day,
changing when and as the Alternate Base Rate changes, plus the then Applicable Floating Rate Margin. 
 “Floating Rate
Advance” means an Advance which bears interest at the Floating Rate. 
 “Floating Rate Loan” means a
Loan, or portion thereof, which bears interest at the Floating Rate. 

  
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 “Foreign Employee Benefit Plan” means any employee benefit plan as defined
in Section 3(3) of ERISA which is maintained or contributed to for the benefit of the employees of the Company, any of its respective Subsidiaries or any members of its Controlled Group and is not covered by ERISA pursuant to ERISA
Section 4(b)(4). 
 “Foreign Pension Plan” means any employee benefit plan as described in
Section 3(3) of ERISA for which the Company or any member of its Controlled Group is a sponsor or administrator and which (i) is maintained or contributed to for the benefit of employees of the Company, any of its respective Subsidiaries
or any member of its Controlled Group, (ii) is not covered by ERISA pursuant to Section 4(b)(4) of ERISA, and (iii) under applicable local law, is required to be funded through a trust or other funding vehicle. 

“Foreign Subsidiary” means a Subsidiary of the Company which is not a Domestic Subsidiary. 

“Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with respect to any Issuing Bank, such
Defaulting Lender’s Pro Rata Share of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with
the terms hereof, and (b) with respect to the Swing Line Lender, such Defaulting Lender’s Pro Rata Share of Swing Line Loans other than Swing Line Loans as to which such Defaulting Lender’s participation obligation has been
reallocated to other Lenders in accordance with the terms hereof. 
 “Fund” means any Person (other than a
natural Person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities. 

“Fundamental Changes” is defined in Section 7.3(h). 

“Funded Issuing Bank” means, at any date of determination, each Issuing Bank which has issued a Letter of Credit and
such Letter of Credit is outstanding as of such date. 
 “Governmental Authority” means any nation or
government, any federal, state, local or other political subdivision thereof and any entity exercising executive, legislative, judicial, regulatory or administrative authority or functions of or pertaining to government, including any authority or
other quasi-governmental entity established to perform any of such functions. 
 “Gross Negligence” means
recklessness, or actions taken or omitted with conscious indifference to or the complete disregard of consequences or rights of others affected. Gross Negligence does not mean the absence of ordinary care or diligence, or an inadvertent act or
inadvertent failure to act. If the term “gross negligence” is used with respect to the Administrative Agent or any Lender or any indemnitee in any of the other Loan Documents, it shall have the meaning set forth herein. 

“Guaranteed Obligations” is defined in Section 10.1. 

  
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 “Guarantor(s)” shall mean the Company and the Subsidiary Guarantors.

 “Guaranty” means each of (i) the guaranty by the Company and each Subsidiary Borrower of all of the
Obligations of Company and the Subsidiary Borrowers pursuant to Article X of this Agreement and (ii) the Subsidiary Guaranty, in each case, as amended, restated, supplemented or otherwise modified from time to time. 

“Hedging Arrangements” is defined in the definition of Hedging Obligations below. 

“Hedging Obligations” of a Person means any and all obligations of such Person, whether absolute or contingent and
howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (i) any and all agreements, devices or arrangements designed to protect at least
one of the parties thereto from the fluctuations of interest rates, commodity prices, exchange rates or forward rates applicable to such party’s assets, liabilities or exchange transactions, including, but not limited to, dollar-denominated or
cross-currency interest rate exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options, puts and warrants or any similar derivative transactions
(“Hedging Arrangements”), and (ii) any and all cancellations, buy backs, reversals, terminations or assignments of any of the foregoing. 
 “Home Country” is defined in Section 6.18(a)(i). 

“Honor Date” is defined in Section 3.3(a). 

“Incentive Arrangements” means any stock ownership, restricted stock, stock option, stock appreciation rights,
“phantom” stock plans, employment agreements, non-competition agreements, subscription and stockholders agreements and other incentive and bonus plans and similar arrangements made in connection with the retention of executives, officers
or employees of the Company and its Subsidiaries. 
 “Indebtedness” of a Person means, without duplication,
such Person’s (a) obligations for borrowed money, (b) obligations representing the deferred purchase price of property or services (other than (i) accounts payable arising in the ordinary course of such Person’s business
payable on terms customary in the trade, and (ii) earnouts or other similar forms of contingent purchase prices), (c) obligations, whether or not assumed, secured by Liens or payable out of the proceeds or production from property or
assets now or hereafter owned or acquired by such Person, (d) obligations which are evidenced by notes, acceptances or other instruments, (e) Capitalized Lease Obligations, (f) Contingent Obligations, (g) obligations with respect
to any letters of credit, bank guarantees and similar instruments, including, without limitation, Financial Letters of Credit and Performance Letters of Credit, and all reimbursement agreements related thereto, (h) Off-Balance Sheet Liabilities
and (j) Disqualified Stock, in each case excluding in any event the NEH Bonds, and the Lien on stock of NEH securing such bonds. 
 “Indemnified Matters” is defined in Section 11.7(b). 

“Indemnitees” is defined in Section 11.7(b). 

  
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 “Initial Borrower” is defined in the recital of parties to this Agreement.

 “Initial Material Subsidiary” means each Subsidiary (i) the consolidated net revenues of which for the
most recent fiscal year of the Company for which audited financial statements have been delivered pursuant to Section 7.01(a)(ii) were greater than five percent (5%) of the Company’s consolidated net revenues for such fiscal
year or (ii) the consolidated tangible assets of which as of the end of such fiscal year were greater than five percent (5%) of the Company’s consolidated tangible assets as of such date. For purposes of making the determinations
required by this definition, revenues and assets of Foreign Subsidiaries shall be converted into Dollars at the rates used in preparing the consolidated balance sheet of the Company included in the applicable financial statements. The Initial
Material Subsidiaries on the Closing Date are identified in Schedule 1.1.5 hereto. 
 “Insolvency Event”
is defined in Section 11.15. 
 “Intercompany Indebtedness” is defined in Section 11.15.

 “Interest Expense” means, for any period, the total gross interest expense of the Company and its
consolidated Subsidiaries, whether paid or accrued, including, without duplication, the interest component of Capitalized Leases, commitment and letter of credit fees, the discount or implied interest component of Off-Balance Sheet Liabilities,
capitalized interest expense, pay-in-kind interest expense, amortization of debt documents and net payments (if any) pursuant to Hedging Arrangements relating to interest rate protection, all as determined in conformity with Agreement Accounting
Principles. 
 “Interest Period” means with respect to a Eurodollar Rate Loan, a period of one (1), two (2),
three (3) months or six (6) months, commencing on a Business Day selected by the applicable Borrower on which a Eurodollar Rate Advance is made to such Borrower pursuant to this Agreement. Such Interest Period shall end on (but exclude)
the day which corresponds numerically to such date one, two, three or six months thereafter; provided, however, that if there is no such numerically corresponding day in such next, second, third or sixth succeeding month, such Interest
Period shall end on the last Business Day of such next, second, third or sixth succeeding month. If an Interest Period would otherwise end on a day which is not a Business Day, such Interest Period shall end on the next succeeding Business Day,
provided, however, that if said next succeeding Business Day falls in a new calendar month, such Interest Period shall end on the immediately preceding Business Day; provided, further, that subject to the Administrative
Agent’s receipt of all Lenders’ consent thereto, an Interest Period may be a period other than a period of one (1), two (2), three (3) months or six (6) months so long as such period is not more than twelve (12) months.

 “Investment” means, with respect to any Person, (i) any purchase or other acquisition by that Person of
any Indebtedness, Equity Interests or other securities, or of a beneficial interest in any Indebtedness, Equity Interests or other securities, issued by any other Person, (ii) any purchase by that Person of all or substantially all of the
assets of a business (whether of a division, branch, unit operation, or otherwise) conducted by another Person; (iii) any loan, advance (other than deposits with financial institutions available for withdrawal on demand, prepaid expenses,
accounts receivable, advances to employees and similar items made 

  
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or incurred in the ordinary course of business) or capital contribution actually invested by that Person to any other Person (but excluding any subsequent passive increases or accretions to the
value of such initial capital contribution), including all Indebtedness to such Person arising from a sale of property by such Person other than in the ordinary course of its business; and (iv) any non-arms length transaction by such Person
with another Person or any other transfer of assets by such Person in another Person, with the amount of such Investment being an amount equal to the net benefit derived by such other Person resulting from any such transactions. 

“IRS” means the Internal Revenue Service and any Person succeeding to the functions thereof. 

“ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the
Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance). 
 “Issuing Banks” means (a) BofA or any of its Affiliates and (b) any of the other Lenders identified on Exhibit A-2 hereto (as amended or supplemented from time to time) in
its separate capacity as an issuer of Letters of Credit. The designation of any Lender as an Issuing Bank after the Closing Date shall be subject to the prior written consent of such designee and the Administrative Agent. 

“Issuing Bank Sublimit” means (a) an amount equal to $487,500,000 or (b) with respect to any Issuing Bank,
such lesser amount as may be separately agreed in writing between such Issuing Bank and the Company from time to time (with specific notice of such amount, and any change thereto, with respect to each Issuing Bank being promptly communicated to the
Administrative Agent); provided that the sum of such amounts agreed with all Issuing Banks shall not exceed the amount set forth in clause (a). 
 “L/C Advance” means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Pro Rata Share. 

“L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of Credit which has not been
reimbursed on the date when made or refinanced as a Floating Rate Advance. 
 “L/C Credit Extension” means,
with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof. 
 “L/C Documents” means with respect to any Letter of Credit issued by any Issuing Bank, the Letter of Credit Application, and any other document, agreement and instrument entered into by
such Issuing Bank and a Loan Party (or any Subsidiary) or in favor of such Issuing Bank and relating to such Letter of Credit. 

“L/C Draft” means a draft drawn on an Issuing Bank pursuant to a Letter of Credit. 

“L/C Exposure” means, with respect to any Lender at any time, such Lender’s Pro Rata Share of the outstanding L/C
Obligations at such time. 

  
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 “L/C Obligations” means, as at any date of determination, the aggregate
amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the
amount of such Letter of Credit shall be determined in accordance with Section 3.11. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn
thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 

“Lenders” means the lending institutions listed on the signature pages of this Agreement as a Lender and their
respective successors and assigns. 
 “Lender Increase Notice” is defined in Section 2.5(b)(i).

 “Lender Parent” means, with respect to any Lender, any Person as to which such Lender is, directly or
indirectly, a subsidiary. 
 “Lender Party” means the Administrative Agent, each Issuing Bank, the Swing Line
Lender or any other Lender. 
 “Lending Installation” means, with respect to a Lender or the Administrative
Agent, any office, branch, subsidiary or affiliate of such Lender or the Administrative Agent listed on the signature pages of this Agreement for such Lender, or on the administrative information sheets provided to the Administrative Agent in
connection herewith or otherwise selected by such Lender or the Administrative Agent pursuant to Section 2.16. 

“Letter of Credit” means any letter of credit issued hereunder providing for the payment of cash upon the honoring of a
presentation thereunder and shall include the Existing Letters of Credit and the Letters of Credit deemed issued hereunder pursuant to Section 3.1(a)(iii). 
 “Letter of Credit Agreement” means, collectively, those certain Letter of Credit and Term Loan Agreements, dated as of November 6, 2006, among the Company and certain of its
Subsidiaries as co-obligors, BofA, as administrative agent, BofA and JPMorgan Chase Bank, N.A., as L/C issuers, and the lenders parties thereto, providing for supplemental term letter of credit facilities in an aggregate cumulative principal amount
not to exceed $600,000,000 and on terms and conditions satisfactory to the Administrative Agent, in each case, as amended, restated, supplemented or otherwise modified from time to time. 

“Letter of Credit Application” means an application and agreement for the issuance or amendment of a Letter of Credit in
the form from time to time in use by the Issuing Bank. 
 “Letter of Credit Expiration Date” means the day that
is five Business Days prior to the Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day). 
 “Leverage Ratio” is defined in Section 7.4(a). 

  
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 “Lien” means any lien (statutory or other), mortgage, pledge,
hypothecation, assignment, deposit arrangement, encumbrance or preference, priority or security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, the interest of a vendor or lessor under any
conditional sale, Capitalized Lease or other title retention agreement). 
 “Loan Account” is defined in
Section 2.12(a). 
 “Loan Documents” means this Agreement, the Fee Letter, each Assumption Letter
executed hereunder, the Subsidiary Guaranty and all other documents, instruments, notes and agreements executed in connection therewith or contemplated thereby, as the same may be amended, restated or otherwise modified and in effect from time to
time. 
 “Loan Parties” means, at any time, the Company, each Subsidiary Borrower that is a party hereto as of
such time and each of the Guarantors. 
 “Loan(s)” means, with respect to a Lender, such Lender’s portion
of any Advance made pursuant to Section 2.1 hereof, and in the case of the Swing Line Lender, any Swing Line Loan made pursuant to Section 2.2 hereof, and collectively all Revolving Loans and Swing Line Loans, whether made or
continued as or converted to Floating Rate Loans or Eurodollar Rate Loans. 
 “Mandatory Cost” is described in
Exhibit A-3 hereto. 
 “Margin Stock” shall have the meaning ascribed to such term in Regulation U.

 “Market Disruption” is defined in Section 2.11. 

“Material Adverse Effect” means a material adverse effect upon (a) the business, condition (financial or
otherwise), operations, performance, properties, results of operations or prospects of the Company, any other Borrower, or the Company and its Subsidiaries, taken as a whole, (b) the collective ability of the Company or any of its Subsidiaries
to perform their respective obligations under the Loan Documents, or (c) the ability of the Lenders or the Administrative Agent to enforce the Obligations; it being understood and agreed that the occurrence of a Product Liability Event shall
not constitute an event which causes a “Material Adverse Effect” unless and until the aggregate amount of, or attributable to, Product Liability Events (to the extent not covered by third-party insurance as to which the insured does not
dispute coverage) exceeds, during any period of twelve (12) consecutive months, the greater of (x) $20,000,000 and (y) 20% of EBITDA (for the then most recently completed period of four fiscal quarters of the Company). 

“Material Indebtedness” is defined in Section 8.1(e). 

“Material Subsidiary” means, without duplication, (a) each Subsidiary Borrower and (b) any Subsidiary that
directly or indirectly owns or Controls any Subsidiary Borrower or other Material Subsidiary and (c) any other Subsidiary (i) the consolidated net revenues of which for the most recent fiscal year of the Company for which audited financial
statements have been delivered pursuant to Section 7.01(a)(ii) were greater than five percent (5%) of the Company’s 

  
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consolidated net revenues for such fiscal year or (ii) the consolidated tangible assets of which as of the end of such fiscal year were greater than five percent (5%) of the
Company’s consolidated tangible assets as of such date; provided that, if at any time the aggregate amount of the consolidated net revenues or consolidated tangible assets of all Subsidiaries that are not Material Subsidiaries exceeds
twenty percent (20%) of the Company’s consolidated net revenues for any such fiscal year or twenty percent (20%) of the Company’s consolidated tangible assets as of the end of any such fiscal year, the Company (or, in the event
the Company has failed to do so within 10 days, the Administrative Agent) shall designate sufficient Subsidiaries as “Material Subsidiaries” to eliminate such excess, and such designated Subsidiaries shall for all purposes of this
Agreement constitute Material Subsidiaries. For purposes of making the determinations required by this definition, revenues and assets of Foreign Subsidiaries shall be converted into Dollars at the rates used in preparing the consolidated balance
sheet of the Company included in the applicable financial statements. The Material Subsidiaries on the Closing Date are identified in Schedule 1.1.5 hereto. 
 “Maximum Rate” is defined in Section 12.12. 

“Minimum Collateral Amount” means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit
account balances provided to reduce or eliminate Fronting Exposure during the existence of a Defaulting Lender, an amount equal to 100% of the Fronting Exposure of each applicable Issuing Bank with respect to Letters of Credit issued and outstanding
at such time, (b) with respect to Cash Collateral consisting of cash or deposit account balances provided in accordance with the provisions of Section 3.13, an amount equal to 100% of the amount of all applicable LC Obligations, and
(c) otherwise, an amount determined by the Administrative Agent and the applicable Issuing Bank in their sole discretion; provided that with respect to Cash Collateral consisting of cash or deposit account balances provided in accordance
with the provisions of Section 9.1, or the other provisions of this Agreement when a Default has occurred and is continuing, “Minimum Collateral Account” shall mean an amount equal to 103% of the amount of all applicable LC
Obligations. 
 “MLPFS” means Merrill, Lynch, Pierce, Fenner & Smith Incorporated. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Multiemployer Plan” means a “Multiemployer Plan” as defined in Section 4001(a)(3) of ERISA which is, or
within the immediately preceding six (6) years was, contributed to by either the Company or any member of the Controlled Group. 
 “NEH” means Nuclear Energy Holdings, L.L.C., a Delaware limited liability company and wholly owned subsidiary of the Company. 

“NEH Bonds” means the 2.20% bonds and 2.398% bonds due March 15, 2013 issued by NEH. 

“Net Cash Proceeds” means, with respect to any Asset Sale or Sale and Leaseback Transaction by any Person, (a) cash
or Cash Equivalents (freely convertible into Dollars) received by such Person or any Subsidiary of such Person from such Asset Sale or Sale and 

  
 23 








 
Leaseback Transaction (including cash received as consideration for the assumption or incurrence of liabilities incurred in connection with or in anticipation of such Asset Sale or Sale and
Leaseback Transaction), after (i) provision for all income or other taxes measured by or resulting from such Asset Sale or Sale and Leaseback Transaction, (ii) payment of all brokerage commissions and other fees and expenses and
commissions related to such Asset Sale or Sale and Leaseback Transaction, and (iii) all amounts used to repay Indebtedness (and any premium or penalty thereon) secured by a Lien on any asset disposed of in such Asset Sale or Sale and Leaseback
Transaction or which is or may be required (by the express terms of the instrument governing such Indebtedness or by applicable law) to be repaid in connection with such Asset Sale or Sale and Leaseback Transaction (including payments made to obtain
or avoid the need for the consent of any holder of such Indebtedness); and (b) cash or Cash Equivalents payments in respect of any other consideration received by such Person or any Subsidiary of such Person from such Asset Sale or Sale and
Leaseback Transaction upon receipt of such cash payments by such Person or such Subsidiary. 
 “New Money Credit
Event” means, with respect to any Issuing Bank, any increase (directly or indirectly) in such Issuing Bank’s exposure (whether by way of additional credit or banking facilities or otherwise, including as part of a restructuring) to the
applicable Borrower, any Governmental Authority in such Borrower’s or any applicable Letter of Credit beneficiary’s country occurring by reason of (a) any law, action or requirement of any Governmental Authority in such
Borrower’s or such Letter of Credit beneficiary’s country, or (b) any request in respect of external indebtedness of borrowers in such Borrower’s or such Letter of Credit beneficiary’s country applicable to banks generally
which conduct business with such borrowers, or (c) any agreement in relation to clause (a) or (b), in each case to the extent calculated by reference to the Obligations outstanding prior to such increase. 

“Non-Consenting Lender” means any Lender that does not approve any consent, waiver or amendment that (i) requires
the approval of all Lenders or all affected Lenders in accordance with the terms of Section 9.2 and (ii) has been approved by the Required Lenders. 
 “Non-Extension Notice Date” is defined in Section 3.2(c). 
 “Non-Obligor Subsidiaries” is defined in Section 7.3(q). 
 “Non-U.S. Lender” is defined in Section 2.14(e)(vi). 

“Note Purchase Agreement” means that certain Note Purchase and Guarantee Agreement among the Initial Borrower, the
Company and the institutional investors named therein. 
 “Notes” means senior notes in an aggregate principal
amount of up to $800.0 million to be issued by the Initial Borrower pursuant to the Note Purchase Agreement to finance the Transaction, to refinance the Bridge Facility and as otherwise set forth in the Note Purchase Agreement. 

“Obligations” means all Loans, L/C Obligations, advances, debts, liabilities, obligations, covenants and duties owing,
by the Borrowers or any of their Subsidiaries to the Administrative Agent, any Lender, the Swing Line Lender, the Arrangers, any Affiliate of the 

  
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Administrative Agent or any Lender, any Issuing Bank, any Indemnitee, of any kind or nature, present or future, arising under this Agreement, the L/C Documents or any other Loan Document, whether
or not evidenced by any note, guaranty or other instrument, whether or not for the payment of money, whether arising by reason of an extension of credit, loan, foreign exchange risk, guaranty, indemnification, or in any other manner, whether direct
or indirect (including those acquired by assignment), absolute or contingent, due or to become due, now existing or hereafter arising and however acquired. The term includes, without limitation, all interest, charges, expenses, fees, attorneys’
fees and disbursements, paralegals’ fees (in each case whether or not allowed), and any other sum chargeable to the Company or any of its Subsidiaries under this Agreement or any other Loan Document but excludes Hedging Obligations. 

“OFAC” is defined in Section 11.18. 
 “Off-Balance Sheet Liabilities” of a Person means (a) any repurchase obligation or liability of such Person or any of its Subsidiaries with respect to Receivables sold by such Person
or any of its Subsidiaries, (b) any liability of such Person or any of its Subsidiaries under any sale and leaseback transactions which do not create a liability on the consolidated balance sheet of such Person, (c) any liability of such
Person or any of its Subsidiaries under any financing lease or so-called “synthetic lease” or “tax ownership operating lease” transaction, or (d) any obligations of such Person or any of its Subsidiaries arising with respect
to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the consolidated balance sheets of such Person and its Subsidiaries. 

“Other Taxes” is defined in Section 2.14(e)(ii). 

“Participants” is defined in Section 14.1(d). 

“Participant Register” is defined in Section 14.1. 

“Payment Date” means the last Business Day of each quarter, the Termination Date and the Facility Termination Date.

 “PBGC” means the Pension Benefit Guaranty Corporation, or any successor thereto. 

“Performance Letter of Credit” means any Letter of Credit issued to secure ordinary course performance obligations of
the Company or a Subsidiary in connection with active construction projects (including projects about to be commenced) or bids for prospective construction projects. 
 “Permitted Acquisition” is defined in Section 7.3(f). 

“Permitted Existing Contingent Obligations” means the Contingent Obligations of the Company and its Subsidiaries
identified as such on Schedule 1.1.4 to this Agreement. 
 “Permitted Existing Indebtedness” means the
Indebtedness of the Company and its Subsidiaries identified as such on Schedule 1.1.1 to this Agreement. 

  
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 “Permitted Existing Investments” means the Investments of the Company and
its Subsidiaries identified as such on Schedule 1.1.2 to this Agreement. 
 “Permitted Existing Liens”
means the Liens on assets of the Company and its Subsidiaries identified as such on Schedule 1.1.3 to this Agreement. 

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

 “Permitted Sale and Leaseback Transactions” means (a) (i) any Sale and Leaseback Transaction of
the Company’s administrative headquarters facility in The Woodlands, Texas and (ii) any Sale and Leaseback Transaction of all or any portion of the Company’s other property, in each case on terms acceptable to the Administrative Agent
and only to the extent that the aggregate amount of Net Cash Proceeds from all such Permitted Sale and Leaseback Transactions is less than or equal to $50,000,000 and (b) any Sale and Leaseback Transaction of the Company’s facility in
Plainfield, Illinois. 
 “Person” means any individual, corporation, firm, enterprise, partnership, trust,
incorporated or unincorporated association, joint venture, joint stock company, limited liability company or other entity of any kind, or any government or political subdivision or any agency, department or instrumentality thereof. 

“Plan” means an employee benefit plan defined in Section 3(3) of ERISA, other than a Multiemployer Plan, in respect
of which the Company or any member of the Controlled Group is, or within the immediately preceding six (6) years was, an “employer” as defined in Section 3(5) of ERISA. 

“Platform” is defined in Section 15.1(c). 

  
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 “Pricing Ratio” means the ratio of (i) all Adjusted Indebtedness of
the Company and its Subsidiaries to (ii) EBITDA. 
 “Prime Rate” means the prime rate of interest
announced by BofA from time to time (which is not necessarily the lowest rate charged to any customer), changing when and as said prime rate changes. 
 “Pro Forma Financial Statements” is defined in Section 5.1(f)(iii). 
 “Pro Rata Share” means, with respect to any Lender, the percentage obtained by dividing (A) the Lender’s Commitment at such time (in each case, as adjusted from time to time in
accordance with the provisions of this Agreement) by (B) the Aggregate Commitment at such time (excluding, in the case of Section 2.22, at any time a Defaulting Lender shall exist, such Defaulting Lender’s Commitment);
provided, however, if the Commitments are terminated pursuant to the terms of this Agreement, then “Pro Rata Share” means the percentage obtained by dividing (x) the sum of (A) such Lender’s Revolving Loans,
plus (B) such Lender’s share of the obligations to purchase participations in Swing Line Loans and Letters of Credit, by (y) the sum of (A) the aggregate outstanding amount of Revolving Loans, plus (B) the aggregate
outstanding amount of all Swing Line Loans and the Dollar Amount of all Letters of Credit, in each case giving effect to any Lender’s status as a Defaulting Lender at the time of determination. 

“Product Liability Event” means, solely in connection with asbestos-related claims and litigation, (i) the entry of
one or more final judgments or orders against the Company or any Subsidiary, or (ii) the Company or any Subsidiary (a) enters into settlements for the payment of money or (b) pays any legal expenses associated with such judgment,
orders or settlements and any and all other aspects of any claims and litigation associated therewith, and with respect to such judgments or orders, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or
(B) there is a period of 30 consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect. 
 “Professional Market Party” means a “professional market party” (professionele marktpartij) within the meaning of the Dutch Act on Financial Supervision (Wet op het
financieel toezicht) and any regulations promulgated thereunder from time to time. 
 “Proposed New Lender”
is defined in Section 2.5(b)(i). 
 “Protesting Lender” is defined in Section 2.20.

 “Public Lender” is defined in Section 15.1(c). 

“Put Options Agreements” is defined in Section 5.1(e)(ii). 

“Rate Option” means the Eurodollar Rate or the Floating Rate, as applicable. 

  
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 “Receivable(s)” means and includes all of the Company’s and its
consolidated Subsidiaries’ presently existing and hereafter arising or acquired accounts, accounts receivable, and all present and future rights of the Company or its Subsidiaries, as applicable, to payment for goods sold or leased or for
services rendered (except those evidenced by instruments or chattel paper), whether or not they have been earned by performance, and all rights in any merchandise or goods which any of the same may represent, and all rights, title, security and
guaranties with respect to each of the foregoing, including, without limitation, any right of stoppage in transit. 

“Register” is defined in Section 14.1(c). 

“Regulation T” means Regulation T of the Board of Governors of the Federal Reserve System as from time to time
in effect and any successor or other regulation or official interpretation of said Board of Governors relating to the extension of credit by and to brokers and dealers of securities for the purpose of purchasing or carrying margin stock (as defined
therein). 
 “Regulation U” means Regulation U of the Board of Governors of the Federal Reserve
System as from time to time in effect and any successor or other regulation or official interpretation of said Board of Governors relating to the extension of credit by banks, non-banks and non-broker lenders for the purpose of purchasing or
carrying Margin Stock applicable to member banks of the Federal Reserve System. 
 “Regulation X” means
Regulation X of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor or other regulation or official interpretation of said Board of Governors relating to the extension of credit by foreign
lenders for the purpose of purchasing or carrying margin stock (as defined therein). 
 “Related Parties”
means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates.

 “Release” means any release, spill, emission, leaking, pumping, injection, deposit, disposal, discharge,
dispersal, leaching or migration into the indoor or outdoor environment, including the movement of Contaminants through or in the air, soil, surface water or groundwater. 
 “Reportable Event” means a reportable event as defined in Section 4043 of ERISA and the regulations issued under such section, with respect to a Plan, excluding, however, such events
as to which the PBGC by regulation or otherwise waived the requirement of Section 4043(a) of ERISA that it be notified within thirty (30) days after such event occurs, provided, however, that a failure to meet the minimum
funding standards of Section 412 of the Code and of Section 302 of ERISA shall be a Reportable Event regardless of the issuance of any such waiver of the notice requirement in accordance with either Section 4043(a) of ERISA or
Section 412(d) of the Code. 
 “Required Lenders” means, subject to Section 2.22(b), Lenders
whose Pro Rata Shares, in the aggregate, are greater than fifty percent (50%); provided, however, that, if the Commitments have been terminated pursuant to the terms of this Agreement, “Required Lenders” means Lenders
(without regard to the Lenders’ performance of their respective obligations hereunder) whose aggregate ratable shares (stated as a percentage) of the aggregate outstanding principal balance of the sum of all Loans and L/C Obligations are
greater than fifty percent (50%). 

  
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 “Requirements of Law” means, as to any Person, the charter and by-laws or
other organizational or governing documents of such Person, and any law, rule or regulation, or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property
or to which such Person or any of its property is subject including, without limitation, the Securities Act of 1933, the Securities Exchange Act of 1934, Regulations T, U and X, ERISA, the Fair Labor Standards Act, the Worker Adjustment and
Retraining Notification Act, Americans with Disabilities Act of 1990, and any certificate of occupancy, zoning ordinance, building, environmental or land use requirement or permit or environmental, labor, employment, occupational safety or health
law, rule or regulation, including Environmental, Health or Safety Requirements of Law. 
 “Reserve
Requirement” means, with respect to an Interest Period, the maximum aggregate reserve requirement (including all basic, supplemental, marginal and other reserves) which is imposed under Regulation D on Eurodollar liabilities.

 “Resignation Effective Date” is defined in Section 12.6. 

“Restricted Payment” means (i) any dividend or other distribution, direct or indirect, on account of any Equity
Interests of the Company or any of its Subsidiaries now or hereafter outstanding, except a dividend payable solely in such Person’s Capital Stock (other than Disqualified Stock) or in options, warrants or other rights to purchase such Capital
Stock, (ii) any redemption, retirement, purchase or other acquisition for value, direct or indirect, of any Equity Interests of the Company or any of its Subsidiaries now or hereafter outstanding, other than in exchange for, or out of the
proceeds of, the substantially concurrent sale (other than to a Subsidiary of the Company) of other Equity Interests of the Company or any of its Subsidiaries (other than Disqualified Stock), (iii) any payment or prepayment of principal of, or
interest (whether in cash or as payment-in-kind), premium, if any, fees or other charges with respect to, any Indebtedness subordinated to the Obligations, or any redemption, purchase, retirement, defeasance, prepayment or other acquisition for
value, direct or indirect, of any Indebtedness other than (a) the Obligations and (b) any scheduled payments of principal of or interest with respect to Company’s Indebtedness issued pursuant to the Letter of Credit Agreement or any
termination thereof, (iv) any payment of a claim for the rescission of the purchase or sale of, or for material damages arising from the purchase or sale of, any Indebtedness (other than the Obligations) or any Equity Interests of the Company
or any of its Subsidiaries, or of a claim for reimbursement, indemnification or contribution arising out of or related to any such claim for damages or rescission and (v) any payment in respect of a purchase price adjustment, earn-out or other
similar form of contingent purchase price. 
 “Revolving Credit Availability” means, at any particular time,
the amount by which the Adjusted Aggregate Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time. 
 “Revolving Credit Obligations” means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time plus (ii) the outstanding
principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time. 

  
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 “Revolving Loan” is defined in Section 2.1. 

“Risk-Based Capital Guidelines” is defined in Section 4.2. 

“S&P” means Standard & Poor’s Ratings Group, a division of McGraw-Hill, Inc. 

“Sale and Leaseback Transaction” means any lease, whether an operating lease or a Capitalized Lease, of any property
(whether real or personal or mixed), (i) which the Company or one of its Subsidiaries sold or transferred or is to sell or transfer to any other Person, or (ii) which the Company or one of its Subsidiaries intends to use for substantially
the same purposes as any other property which has been or is to be sold or transferred by the Company or one of its Subsidiaries to any other Person in connection with such lease. 

“Sanction(s)” means any international economic sanction administered or enforced by OFAC, the United Nations Security
Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority. 
 “Securities
Act” means the Securities Act of 1933, as amended from time to time. 
 “Selling Lender” is defined in
Section 2.5(b)(ii). 
 “Shaw Acquisition” means the acquisition of The Shaw Group Inc. by the
Company (by means of a merger of a Subsidiary thereof with and into The Shaw Group Inc.) pursuant to the Transaction Agreement as in effect on the date hereof. 
 “Shaw Material Adverse Effect” means any event, occurrence, state of facts, circumstance, condition, effect, change or combination of the foregoing that (i) has a material adverse
effect on the ability of The Shaw Group Inc. to consummate the Merger and the other Transactions, or (ii) is material and adverse to the business, results of operations or condition (financial or otherwise) of The Shaw Group Inc. and its
Subsidiaries, taken as a whole, except to the extent such material adverse effect under this clause (ii) results from or is attributable to (A) any changes in general United States or global economic conditions (including securities,
credit, financial or other capital markets conditions), except to the extent such changes in conditions have a disproportionate effect on The Shaw Group Inc. and its Subsidiaries, taken as a whole, relative to others in the industries in which The
Shaw Group Inc. and its Subsidiaries operate, (B) any changes in conditions generally affecting any of the industries in which The Shaw Group Inc. and its Subsidiaries operate, except to the extent such changes in conditions have a
disproportionate effect on The Shaw Group Inc. and its Subsidiaries, taken as a whole, relative to others in any such industry, (C) any decline in the market price of The Shaw Group Inc. Common Stock (it being understood that the facts or
occurrences giving rise to or contributing to such decline may be deemed to constitute, and be taken into account in determining whether there has been or would be reasonably likely to be, a Shaw Material Adverse Effect), (D) any failure, in
and of itself, by The Shaw Group Inc. to meet any internal or published projections or forecasts in respect of revenues, earnings or other financial or operating metrics (it being understood that the facts or occurrences giving rise to or
contributing to such failure may be 

  
 30 








 
deemed to constitute, and be taken into account in determining whether there has been or would be reasonably likely to be, a Shaw Material Adverse Effect), (E) any change in Law or GAAP (or
authoritative interpretations thereof), except to the extent such changes have a disproportionate effect on The Shaw Group Inc. and its Subsidiaries, taken as a whole, relative to others in any industry in which The Shaw Group Inc. and any of its
Subsidiaries operate, (F) geopolitical conditions, the outbreak or escalation of hostilities, any acts of war, sabotage or terrorism, or any escalation or worsening of any such acts of war, sabotage or terrorism threatened or underway as of the
date of this Agreement, except to the extent such conditions or events have a disproportionate effect on The Shaw Group Inc. and its Subsidiaries, taken as a whole, relative to others in any industry in which The Shaw Group Inc. and any of its
Subsidiaries operate, (G) any hurricane, tornado, flood, earthquake or other natural disaster, except to the extent such events have a disproportionate effect on The Shaw Group Inc. and its Subsidiaries, taken as a whole, relative to others in
any industry in which The Shaw Group Inc. and any of its Subsidiaries operate and (H) the announcement or pendency of the Transactions (including any resulting contract cancellations or restructurings, delays in contract awards or failure to
receive pending contract awards). Any capitalized term referred to in this paragraph is used herein as defined in the Transaction Agreement. 
 “Single Employer Plan” means a Plan maintained by the Company or any member of the Controlled Group for employees of the Company or any member of the Controlled Group. 

“Solvent” means, when used with respect to any Person, that at the time of determination: 

(i) the fair value of its assets (both at fair valuation and at present fair saleable value) is equal to or in excess of
the total amount of its liabilities, including, without limitation, contingent liabilities; and 
 (ii) it is
then able and expects to be able to pay its debts as they mature; and 
 (iii) it has capital sufficient to carry
on its business as conducted and as proposed to be conducted. 
 With respect to contingent liabilities (such as litigation, guarantees and
pension plan liabilities), such liabilities shall be computed at the amount which, in light of all the facts and circumstances existing at the time, represent the amount which can be reasonably be expected to become an actual or matured liability.

 “specified currency” is defined in Section 2.21. 

“Spot Rate” for a currency means the rate determined by the Administrative Agent or the applicable Issuing Bank, as
applicable, to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office on the Business Day immediately
preceding the most recent Computation Date provided for in Section 2.4(b); provided that the Administrative Agent or such Issuing Bank may obtain such spot rate from another financial


  
 31 








 
institution designated by the Administrative Agent or the Issuing Bank if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such
currency; and provided further that an Issuing Bank may use such spot rate quoted on the date as of which the foreign exchange computation is made in the case of any Letter of Credit denominated in an Agreed Currency. 

“Subsidiary” means, as to any Person, any corporation, association or other business entity in which such Person or one
or more of its Subsidiaries or such Person and one or more of its Subsidiaries owns sufficient equity or voting interests to enable it or them (as a group) ordinarily, in the absence of contingencies, to elect a majority of the directors (or Persons
performing similar functions) of such entity, and any partnership, limited liability company or joint venture if more than 50% interest in the profits or capital thereof is owned by such Person or one or more of its Subsidiaries or such Person and
one or more of its Subsidiaries (unless such partnership, limited liability company or joint venture can and does ordinarily take major business actions without the prior approval of such Person or one or more of its Subsidiaries). Unless the
context otherwise clearly requires, any reference to a “Subsidiary” is a reference to a Subsidiary of the Company (excluding NEH). 
 “Subsidiary Borrower” means (a) the Initial Borrower, (b) any Subsidiary of the Company party hereto on the date hereof or (c) any other Subsidiary of the Company duly
designated by the Company pursuant to Section 2.20 to request Advances hereunder, which Subsidiary shall have delivered to the Administrative Agent an Assumption Letter in accordance with Section 2.20 and such other documents
as may be required pursuant to this Agreement, in each case together with its respective successors and assigns, including a debtor-in-possession on behalf of such Subsidiary Borrower. 

“Subsidiary Guarantor(s)” means (a) each Subsidiary Borrower, (b) all of the Company’s Material
Subsidiaries (other than any Excluded Foreign Subsidiary); (c) all Subsidiaries acquired or formed after the Closing Date which are Material Subsidiaries and which have or are required to have satisfied the provisions of
Section 7.2(k)(i); (d) all of the Company’s Subsidiaries which become Material Subsidiaries and which have satisfied or are required to have satisfied the provisions of Section 7.2(k)(ii); and (e) all other
Subsidiaries which become Subsidiary Guarantors in satisfaction of the provisions of Section 7.2(k)(iii) or Section 7.3(q), in each case with respect to clauses (a) through (e) above, and together with their
respective successors and assigns. 
 “Subsidiary Guaranty” means that certain Subsidiary Guaranty, dated as of
the Closing Date executed by each Subsidiary Guarantor and any and all supplements thereto executed from time to time by each additional Subsidiary Guarantor in favor of the Administrative Agent in substantially the form of Exhibit H attached
hereto, as the same may be amended, restated, supplemented or otherwise modified from time to time. 
 “Substantial
Portion” means, with respect to the assets of the Company and its Subsidiaries, assets which (i) represent more than 10% of the consolidated assets of the Company and its Subsidiaries as would be shown in the consolidated financial
statements of the Company and its Subsidiaries as at the beginning of the twelve-month period ending with the month in which such determination is made, or (ii) are responsible for more than 10% of the consolidated net sales or of the
consolidated net income of the Company and its Subsidiaries as reflected in the financial statements referred to in clause (i) above. 

  
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 “Supplement” is defined in Section 7.2(k)(i). 

“Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to Section 2.2. 

“Swing Line Lender” means Bank of America in its capacity as provider of Swing Line Loans, or any successor swing line
lender hereunder. 
 “Swing Line Loan” has the meaning specified in Section 2.2(a). 

“Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to Section 2.2(b), which, if in
writing, shall be substantially in the form of Exhibit C. 
 “Takeout Financing” means the issuance of the
Notes pursuant to the Note Purchase Agreement. 
 “Taxes” is defined in Section 2.14(e)(i).

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

“Termination Conditions” is defined in Section 2.18. 

“Termination Date” means the earlier of (a) the fifth anniversary of the Transaction Closing Date, provided
that if such date is not a Business Day, the Termination Date determined by this clause (a) shall be the next preceding Business Day, and (b) the date of termination in whole of the Aggregate Commitment pursuant to
Section 2.5 hereof or the Commitments pursuant to Section 9.1 hereof. 
 “Termination
Event” means (i) a Reportable Event with respect to any Benefit Plan; (ii) the withdrawal of the Company or any member of the Controlled Group from a Benefit Plan during a plan year in which the Company or such Controlled Group
member was a “substantial employer” as defined in Section 4001(a)(2) of ERISA or the cessation of operations which results in the termination of employment of twenty percent (20%) of Benefit Plan participants who are employees of
the Company or any member of the Controlled Group; (iii) the imposition of an obligation on the Company or any member of the Controlled Group under Section 4041 of ERISA to provide affected parties written notice of intent to terminate a
Benefit Plan in a distress termination described in Section 4041(c) of ERISA; (iv) the institution by the PBGC or any similar foreign governmental authority of proceedings to terminate a Benefit Plan or Foreign Pension Plan; (v) any
event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Benefit Plan; (vi) that a foreign governmental authority shall appoint or institute
proceedings to appoint a trustee to administer any Foreign Pension Plan in place of the existing administrator, or (vii) the partial or complete withdrawal of the Company or any member of the Controlled Group from a Multiemployer Plan or
Foreign Pension Plan. 

  
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 “Transaction” means the Shaw Acquisition, the payment of fees and expenses
in connection therewith, any issuance by the Company of its common equity to consummate the Transaction or refinance any debt issued to consummate the Transaction, and any combination of the entering into and funding of the Term Facility, the
issuance and placement of the Notes, the entering into and funding of the Bridge Facility, the amendment of the Existing Revolving Credit Agreement pursuant to Amendment No. 2 thereto dated as of December 21, 2012, and the entering into
and funding under the credit facility established under this Agreement. 
 “Transaction Agreement” means that
certain transaction agreement dated as of July 30, 2012 by and among the Company, Crystal Merger Subsidiary Inc. and The Shaw Group Inc. 
 “Transaction Closing Date” means the date occurring on or after the Closing Date on which the conditions precedent set forth in Section 5.1(b) are satisfied, which date shall be no
later than April 30, 2013 (or June 30, 2013 if the Outside Date (as defined in the Transaction Agreement) shall have been extended to June 30, 2013 pursuant to Section 8.1(b)(i) of the Transaction Agreement as in effect on
July 30, 2012). 
 “Transaction Facilities” means the credit facility established under this Agreement,
the Existing Revolving Credit Agreement, the Bridge Facility, the Term Facility and the Takeout Financing. 

“Transferee” is defined in Section 14.3. 

“Treaty on European Union” means the Treaty of Rome of March 25, 1957, as amended by the Single European Act 1986
and the Maastricht Treaty (which was signed at Maastricht on February 7, 1992 and came into force on November 1, 1993), as amended from time to time. 
 “Type” means, with respect to any Loan, its nature as a Floating Rate Loan or a Eurodollar Rate Loan. 
 “Unfunded Liabilities” means (i) in the case of Single Employer Plans, the amount (if any) by which the aggregate accumulated benefit obligations exceeds the aggregate fair market
value of assets of present value of all vested nonforfeitable benefits under all Single Employer Plans as of the most recent measurement date, all as determined under FAS 87 using the methods and assumptions used by the Company for financial
accounting purposes, and (ii) in the case of Multiemployer Plans, the withdrawal liability that would be incurred by the Controlled Group if all members of the Controlled Group completely withdrew from all Multiemployer Plans. 

“Unmatured Default” means an event which, but for the lapse of time or the giving of notice, or both, would constitute a
Default. 

  
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 “Unreimbursed Amount” is defined in Section 3.3(a). 

SECTION 1.2 Singular/Plural References; Accounting Terms. The foregoing definitions shall be equally applicable to both the
singular and plural forms of the defined terms. Any accounting terms used in this Agreement which are not specifically defined herein shall have the meanings customarily given them in accordance with Agreement Accounting Principles. 

SECTION 1.3 References. Any references to the Company’s Subsidiaries shall not in any way be construed as consent by the
Administrative Agent or any Lender to the establishment, maintenance or acquisition of any Subsidiary, except as may otherwise be permitted hereunder. 
 SECTION 1.4 Supplemental Disclosure. At any time at the request of the Administrative Agent and at such additional times as the Company determines, the Company shall supplement each schedule
or representation herein or in the other Loan Documents with respect to any matter hereafter arising which, if existing or occurring at the date of this Agreement, would have been required to be set forth or described in such schedule or as an
exception to such representation or which is necessary to correct any information in such schedule or representation which has been rendered inaccurate thereby. Notwithstanding that any such supplement to such schedule or representation may disclose
the existence or occurrence of events, facts or circumstances which are either prohibited by the terms of this Agreement or any other Loan Documents or which result in the breach of any representation or warranty, such supplement to such schedule or
representation shall not be deemed either an amendment thereof or a waiver of such breach unless expressly consented to in writing by Administrative Agent and the Required Lenders, and no such amendments, except as the same may be consented to in a
writing which expressly includes a waiver, shall be or be deemed a waiver by the Administrative Agent or any Lender of any Default disclosed therein. Any items disclosed in any such supplemental disclosures shall be included in the calculation of
any limits, baskets or similar restrictions contained in this Agreement or any of the other Loan Documents. 
 ARTICLE II

 REVOLVING LOAN FACILITY 
 SECTION 2.1 Revolving Loans. 
 (a) Amount of Revolving Loans.
Upon the satisfaction of the conditions precedent set forth in Sections 5.1, 5.2 and 5.3, as applicable, from and including the Transaction Closing Date and prior to the Termination Date, each Lender severally and not
jointly agrees, on the terms and conditions set forth in this Agreement, to make revolving loans to the Initial Borrower on the Transaction Closing Date and to make revolving loans to the Borrowers from time to time after the Transaction Closing
Date, in Dollars, in an amount not to exceed such Lender’s Pro Rata Share of Revolving Credit Availability at such time (each individually, a “Revolving Loan” and, collectively, the “Revolving Loans”);
provided however, at no time shall (i) the amount of the Revolving Credit Obligations exceed the Adjusted Aggregate Commitment and (ii) the Financial Credit Obligations exceed the Financial Credit Sublimit. Subject to the


  
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terms of this Agreement, the Borrowers may borrow, repay and reborrow Revolving Loans at any time prior to the Termination Date. The Revolving Loans made on the Transaction Closing Date or on or
before the third (3rd) Business Day thereafter
shall initially be Floating Rate Loans and thereafter may be continued as Floating Rate Loans or converted into Eurodollar Rate Loans in the manner provided in Section 2.9 and subject to the other conditions and limitations therein set
forth and set forth in this Article II and set forth in the definition of Interest Period. Revolving Loans made after the third (3rd) Business Day after the Transaction Closing Date shall be, at the option of the applicable Borrower, either
Floating Rate Loans or Eurodollar Rate Loans selected in accordance with Section 2.9. On the Termination Date, each of the Borrowers shall repay in full the outstanding principal balance of the Revolving Loans made to it. Each Advance
under this Section 2.1 shall consist of Revolving Loans made by each Lender ratably in proportion to such Lender’s respective Pro Rata Share. 
 (b) Borrowing/Election Notice. The applicable Borrower shall deliver to the Administrative Agent a Borrowing/Election Notice, signed by it, in accordance with the terms of Section 2.7.

 (c) Making of Revolving Loans. Promptly after receipt of the Borrowing/Election Notice under Section 2.7
in respect of Revolving Loans, the Administrative Agent shall notify each Lender by telecopy, or other similar form of transmission, of the requested Revolving Loan. Each Lender shall make available its Revolving Loan in accordance with the terms of
Section 2.6. The Administrative Agent will promptly make the funds so received from the Lenders available to the applicable Borrower at the Administrative Agent’s office in New York, New York on the applicable Borrowing Date and
shall disburse such proceeds in accordance with the applicable Borrower’s disbursement instructions set forth in such Borrowing/Election Notice. The failure of any Lender to deposit the amount described above with the Administrative Agent on
the applicable Borrowing Date shall not relieve any other Lender of its obligations hereunder to make its Revolving Loan on such Borrowing Date. 
 (d) Minimum Initial Borrowing. The first borrowing under this Section 2.1 by a Dutch Borrower from any Lender shall be in a principal amount of at least the equivalent in Dollars
(calculated on the basis of the Spot Rate of the Administrative Agent as of the date of borrowing) of €100,000. 

SECTION 2.2 Swing Line Loans. 
 (a) The Swing Line. Subject to the terms and conditions set forth herein, the Swing Line Lender, in reliance upon the agreements of the other Lenders set forth in this Section 2.2, may
in its sole discretion make loans (each such loan, a “Swing Line Loan”) to the Borrowers from time to time on any Business Day from and including the Transaction Closing Date and prior to the Termination Date in an aggregate amount
not to exceed at any time outstanding $25,000,000, notwithstanding the fact that such Swing Line Loans, when aggregated with the Pro Rata Share of the outstanding Amount of Loans and L/C Obligations of the Lender acting as Swing Line Lender, may
exceed the amount of such Lender’s Commitment; provided, however, that (x) after giving effect to any Swing Line Loan, (i) the amount of the Revolving Credit Obligations shall not exceed the Adjusted Aggregate Commitment
and (ii) the amount of the Financial Credit Obligations shall not exceed the Financial Credit Sublimit, (y) the 

  
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Borrowers shall not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan, and (z) the Swing Line Lender shall not be under any obligation to make any Swing
Line Loan if it shall determine (which determination shall be conclusive and binding absent manifest error) that it has, or by making such Swing Line Loan may have, exposure in respect of the Swing Line Loans to any Defaulting Lender (after giving
effect to Section 2.22(c)). Within the foregoing limits, and subject to the other terms and conditions hereof, the Borrowers may borrow and repay under this Section 2.2, prepay under Section 2.4, and reborrow
under this Section 2.2. Each Swing Line Loan shall be a Floating Rate Loan. The Borrowers shall repay each Swing Line Loan on the earlier to occur of (A) the date ten Business Days after such Loan is made and (B) the
Termination Date. Immediately upon the making of a Swing Line Loan, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount
equal to the product of such Lender’s Pro Rata Share times the amount of such Swing Line Loan. 
 (b) Borrowing
Procedures. Each Swing Line Borrowing shall be made upon the applicable Borrower’s irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by telephone. Each such notice must be received by the Swing
Line Lender and the Administrative Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $100,000, and (ii) the requested borrowing date, which shall be
a Business Day. Each such telephonic notice must be confirmed promptly by delivery to the Swing Line Lender and the Administrative Agent of a written Swing Line Loan Notice, appropriately completed and signed by a Financial Officer of the applicable
Borrower. Promptly after receipt by the Swing Line Lender of any telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such
Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing) from the
Administrative Agent (including at the request of any Lender) prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (A) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in
the first proviso to the first sentence of Section 2.2(a), or (B) that one or more of the applicable conditions specified in Article V is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender
will, not later than 3:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the applicable Borrower. Notwithstanding anything to the contrary, no Dutch Borrower may borrow any
Swing Line Loan unless (i) it has borrowed a Revolving Loan pursuant to Section 2.1 and (ii) the Swing Line Lender has previously made one or more Revolving Loans to such Dutch Borrower. 

(c) Refinancing of Swing Line Loans. 
 (i) The Swing Line Lender at any time in its sole discretion may request, on behalf of the Borrowers (each of which hereby irrevocably authorizes the Swing Line Lender to so request on its behalf), that
each Lender make a Floating Rate Loan in an amount equal to such Lender’s Pro Rata Share of the amount of Swing Line Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be a Borrowing/Election
Notice for purposes hereof) and in 

  
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accordance with the requirements of Section 2.7, without regard to the minimum and multiples specified in Section 2.8 for the principal amount of Floating Rate Loans, but
subject to the unutilized portion of the Adjusted Aggregate Commitments and the conditions set forth in Section 5.3. The Swing Line Lender shall furnish the Borrowers with a copy of the applicable Borrowing/Election Notice promptly after
delivering such notice to the Administrative Agent. Each Lender shall make an amount equal to its Pro Rata Share of the amount specified in such Borrowing/Election Notice available to the Administrative Agent in immediately available funds (and the
Administrative Agent may apply Cash Collateral available with respect to the applicable Swing Line Loan) for the account of the Swing Line Lender at the Administrative Agent’s Office not later than 1:00 p.m. on the day specified in such
Borrowing/Election Notice, whereupon, subject to Section 2.2(c)(ii), each Lender that so makes funds available shall be deemed to have made a Floating Rate Loan to the Borrowers in such amount. The Administrative Agent shall remit the
funds so received to the Swing Line Lender. 
 (ii) If for any reason any Swing Line Loan cannot be refinanced by
such a Borrowing in accordance with Section 2.2(c)(i), the request for Floating Rate Loans submitted by the Swing Line Lender as set forth herein shall be deemed to be a request by the Swing Line Lender that each of the Lenders fund its
risk participation in the relevant Swing Line Loan and each Lender’s payment to the Administrative Agent for the account of the Swing Line Lender pursuant to Section 2.2(c)(i) shall be deemed payment in respect of such
participation. 
 (iii) If any Lender fails to make available to the Administrative Agent for the account of the
Swing Line Lender any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.2(c) by the time specified in Section 2.2(c)(i), the Swing Line Lender shall be entitled to recover from
such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the Swing Line Lender at a rate
per annum equal to the greater of the Federal Funds Rate and a rate determined by the Swing Line Lender in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by
the Swing Line Lender in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Loan included in the relevant Borrowing or funded participation in
the relevant Swing Line Loan, as the case may be. A certificate of the Swing Line Lender submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent
manifest error. 
 (iv) Each Lender’s obligation to make Loans or to purchase and fund risk participations
in Swing Line Loans pursuant to this Section 2.2(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may
have against the Swing Line Lender, any Borrower or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the
foregoing; provided, however, 

  
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that each Lender’s obligation to make Loans pursuant to this Section 2.2(c) is subject to the conditions set forth in Section 5.3. No such funding of risk
participations shall relieve or otherwise impair the obligation of any Borrower to repay Swing Line Loans, together with interest as provided herein. 
 (d) Repayment of Participations. 
 (i) At any time after any
Lender has purchased and funded a risk participation in a Swing Line Loan, if the Swing Line Lender receives any payment on account of such Swing Line Loan, the Swing Line Lender will distribute to such Lender its Pro Rata Share thereof in the same
funds as those received by the Swing Line Lender. 
 (ii) If any payment received by the Swing Line Lender in
respect of principal or interest on any Swing Line Loan is required to be returned by the Swing Line Lender under any of the circumstances described in Section 10.5 (including pursuant to any settlement entered into by the Swing Line
Lender in its discretion), each Lender shall pay to the Swing Line Lender its Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum
equal to the Federal Funds Rate. The Administrative Agent will make such demand upon the request of the Swing Line Lender. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of
this Agreement. 
 (e) Interest for Account of Swing Line Lender. The Swing Line Lender shall be responsible for
invoicing the Borrowers for interest on the Swing Line Loans. Until each Lender funds its Floating Rate Loan or risk participation pursuant to this Section 2.2 to refinance such Lender’s Pro Rata Share of any Swing Line Loan,
interest in respect of such Pro Rata Share shall be solely for the account of the Swing Line Lender. 
 (f) Payments Directly
to Swing Line Lender. The Borrowers shall make all payments of principal and interest in respect of the Swing Line Loans directly to the Swing Line Lender. 
 SECTION 2.3 Rate Options for all Advances; Maximum Interest Periods. The Revolving Loans may be Floating Rate Advances or Eurodollar Rate Advances, or a combination thereof, selected by the
applicable Borrowers in accordance with Section 2.9. The Borrowers may select, in accordance with Section 2.9, Rate Options and Interest Periods applicable to portions of the Revolving Loans; provided that there shall be no more than seven
(7) Interest Periods in effect with respect to all of the Loans at any time. 
 SECTION 2.4 Optional Payments;
Mandatory Prepayments. 
 (a) Optional Payments. The Borrowers may from time to time and at any time upon at least
one (1) Business Day’s prior written notice repay or prepay, without penalty or premium all or any part of outstanding Floating Rate Advances in an aggregate minimum amount of One Million Dollars ($1,000,000) and in integral multiples of
One Million Dollars ($1,000,000) in excess thereof. Eurodollar Rate Advances may be voluntarily repaid or prepaid prior to the last day of the applicable Interest Period, subject to the indemnification provisions


  
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contained in Section 4.4, in an aggregate minimum amount of Four Million and 00/100 Dollars ($4,000,000) and in integral multiples of One Million and 00/100 Dollars ($1,000,000) in
excess thereof; provided, that the applicable Borrower may not so prepay Eurodollar Rate Advances unless it shall have provided at least three (3) Business Days’ prior written notice to the Administrative Agent of such prepayment
and provided, further, all Eurodollar Loans constituting part of the same Eurodollar Rate Advance shall be repaid or prepaid at the same time. 
 (b) Determination of Dollar Amounts of Letters of Credit; Mandatory Prepayments of Revolving Loans and Cash Collateralization of Letters of Credit. 

(i) The Administrative Agent or the applicable Issuing Bank, as the case may be, will determine the Dollar Amount of:

 (A) each Letter of Credit on each date of issuance, extension and renewal of such Letter of Credit and each
date of an amendment of such Letter of Credit having the effect of increasing the amount thereof; 
 (B) each
Letter of Credit on each date of any payment by an Issuing Bank under such Letter of Credit denominated in an Agreed Currency other than Dollars; and 
 (C) all other outstanding L/C Obligations on and as of the last Business Day of each calendar month and on any other Business Day elected by the Administrative Agent or the applicable Issuing Bank, as the
case may be, in its discretion or upon instruction by the Required Lenders. 
 Each day upon or as of which the Administrative
Agent or an Issuing Bank determines Dollar Amounts as described in the preceding clauses (a), (b) and (c) is herein described as a “Computation Date” with respect to each Letter of Credit for which a Dollar Amount is
determined on or as of such day. 
 (ii) If at any time and for any reason (other than as the result of
fluctuations in currency exchange rates) the Dollar Amount of (a) the Revolving Credit Obligations (calculated, with respect to all L/C Obligations denominated in Agreed Currencies other than Dollars, as of the most recent Computation Date with
respect to each such L/C Obligation) is greater than the Adjusted Aggregate Commitment or (b) the Financial Credit Obligations (calculated, with respect to all Financial L/C Obligations denominated in Agreed Currencies other than Dollars, as of
the most recent Computation Date with respect to each such Financial L/C Obligations) is greater than the Financial Credit Sublimit, the Borrowers shall immediately make a mandatory prepayment of the Obligations and/or Cash Collateralize the L/C
Obligations in an amount equal to such excess. 
 (iii) If, on any Computation Date, as a result of fluctuations
in currency exchange rates, the Dollar Amount of the Revolving Credit Obligations exceeds, by more than the Equivalent Amount of $500,000, the Adjusted Aggregate Commitment (such excess being the “Deficient Amount”), the
Administrative Agent may so notify the 

  
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Borrowers and the Lenders of such occurrence and upon receiving such notice the Borrowers shall immediately remit to the Administrative Agent a payment in an aggregate principal amount sufficient
to eliminate the Deficient Amount, which funds shall be deposited in the Controlled Account and shall be held as Cash Collateral for the benefit of the Revolving Credit Obligations; provided, however, if and to the extent the Deficient
Amount is reduced from one Computation Date to the immediately succeeding Computation Date, the Administrative Agent shall (so long as no Default or Unmatured Default is then continuing) promptly remit to the Company all cash amounts in excess of
the Deficient Amount then held in the Controlled Account on such succeeding Computation Date. 
 (iv) All of the
mandatory prepayments made under Section 2.4(b)(ii) shall be applied first to Floating Rate Loans and to any Eurodollar Rate Loans maturing on such date and then to subsequently maturing Eurodollar Rate Loans. 

SECTION 2.5 Changes in Commitments. 
 (a) Commitment Reductions. The Company may permanently reduce the Aggregate Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum amount of Ten Million and 00/100
Dollars ($10,000,000) and integral multiples of One Million and 00/100 Dollars ($1,000,000) in excess of that amount (unless the Aggregate Commitment is reduced in whole), upon at least three (3) Business Day’s prior written notice to the
Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Revolving
Credit Obligations. All accrued commitment fees shall be payable on the effective date of any termination of all or any part of the obligations of the Lenders to make Loans hereunder. The Aggregate Commitment shall automatically terminate in whole
on the Commitment Termination Date. 
 (b) Increase in Commitments. 

(i) At any time, the Company (on behalf of itself and the other Borrowers) may request that the Aggregate Commitment be
increased by an aggregate principal amount not in excess of $250,000,000; provided that, without the prior written consent of the Required Lenders, (a) the Aggregate Commitment shall at no time exceed $900,000,000 minus the aggregate
amount of all reductions in the Aggregate Commitment previously made pursuant to Section 2.5(a); (b) the Company shall not be entitled to make more than one such request during any calendar year; and (c) each such request shall
be in a minimum amount of at least $50,000,000 and increments of $5,000,000 in excess thereof, and shall be in an amount such that the aggregate principal amount of Loans to a Dutch Borrower which are purchased by a Proposed New Lender (other than a
Proposed New Lender which is a Professional Market Party) pursuant to Section 2.5(b)(ii) shall not be less than the equivalent in Dollars (calculated on the basis of the Spot Rate of the Administrative Agent as of the date of such
purchase) of €100,000 in respect of each Dutch Borrower which then has outstanding borrowings hereunder. Such request shall be made in a written notice given to the Administrative Agent and the Lenders by the Company not less than twenty
(20) Business Days prior to the proposed 

  
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effective date of such increase, which notice (a “Commitment Increase Notice”) shall specify the amount of the proposed increase in the Aggregate Commitment and the proposed
effective date of such increase. In the event of such a Commitment Increase Notice, each of the Lenders shall be given the opportunity to participate in the requested increase ratably in proportions that their respective Commitments bear to the
Aggregate Commitment. No Lender shall have any obligation to increase its Commitment pursuant to a Commitment Increase Notice. On or prior to the date that is fifteen (15) Business Days after receipt of the Commitment Increase Notice, each
Lender shall submit to the Administrative Agent a notice indicating the maximum amount by which it is willing to increase its Commitment in connection with such Commitment Increase Notice (any such notice to the Administrative Agent being herein a
“Lender Increase Notice”). Any Lender which does not submit a Lender Increase Notice to the Administrative Agent prior to the expiration of such fifteen (15) Business Day period shall be deemed to have denied any increase in
its Commitment. In the event that the increases of Commitments set forth in the Lender Increase Notices exceed the amount requested by the Company in the Commitment Increase Notice, the Administrative Agent and each Arranger shall have the right, in
consultation with the Company, to allocate the amount of increases necessary to meet the Company’s Commitment Increase Notice. In the event that the increases of Commitments set forth in the Lender Increase Notices are less than the amount
requested by the Company, not later than three (3) Business Days prior to the proposed effective date the Company may notify the Administrative Agent of any financial institution that shall have agreed to become a “Lender” party
hereto (a “Proposed New Lender”) in connection with the Commitment Increase Notice. Any Proposed New Lender shall be consented to by the Administrative Agent (which consent shall not be unreasonably withheld). If the Company shall
not have arranged any Proposed New Lender(s) to commit to the shortfall from the Lender Increase Notices, then the Company shall be deemed to have reduced the amount of its Commitment Increase Notice to the aggregate amount set forth in the Lender
Increase Notices. Based upon the Lender Increase Notices, any allocations made in connection therewith and any notice regarding any Proposed New Lender, if applicable, the Administrative Agent shall notify the Company and the Lenders on or before
the Business Day immediately prior to the proposed effective date of the amount of each Lender’s and Proposed New Lenders’ Commitment (the “Effective Commitment Amount”) and the amount of the Aggregate Commitment, which
amounts shall be effective on the following Business Day. Any increase in the Aggregate Commitment shall be subject to the following conditions precedent: (A) the Company shall have obtained the consent thereto of each Guarantor and its
reaffirmation of the Loan Document(s) executed by it, which consent and reaffirmation shall be in writing and in form and substance reasonably satisfactory to the Administrative Agent, (B) as of the date of the Commitment Increase Notice and as
of the proposed effective date of the increase in the Aggregate Commitment all representations and warranties shall be true and correct in all material respects as though made on such date and no event shall have occurred and then be continuing
which constitutes a Default or Unmatured Default, (C) the Borrowers, the Administrative Agent and each Proposed New Lender or Lender that shall have agreed to provide a “Commitment” in support of such increase in the Aggregate
Commitment shall have executed and delivered a “Commitment and Acceptance” substantially in the form of Exhibit L hereto, (D) counsel for the Company 

  
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and for the Guarantors shall have provided to the Administrative Agent supplemental opinions in form and substance reasonably satisfactory to the Administrative Agent and (E) the Borrowers
and the Proposed New Lender shall otherwise have executed and delivered such other instruments and documents as may be required under Article V or that the Administrative Agent shall have reasonably requested in connection with such
increase. If any fee shall be charged by the Lenders in connection with any such increase, such fee shall be in accordance with then prevailing market conditions, which market conditions shall have been reasonably documented by the Administrative
Agent to the Company. Upon satisfaction of the conditions precedent to any increase in the Aggregate Commitment, the Administrative Agent shall promptly advise the Company and each Lender of the effective date of such increase. Upon the effective
date of any increase in the Aggregate Commitment that is supported by a Proposed New Lender, such Proposed New Lender shall be a party to this Agreement as a Lender and shall have the rights and obligations of a Lender hereunder and thereunder.
Nothing contained herein shall constitute, or otherwise be deemed to be, a commitment on the part of any Lender to increase its Commitment hereunder at any time. 

(ii) For purposes of this clause (ii), (A) the term “Buying Lender(s)” shall mean (1) each
Lender the Effective Commitment Amount of which is greater than its Commitment prior to the effective date of any increase in the Aggregate Commitment and (2) each Proposed New Lender that is allocated an Effective Commitment Amount in
connection with any Commitment Increase Notice and (b) the term “Selling Lender(s)” shall mean each Lender whose Commitment is not being increased from that in effect prior to such increase in the Aggregate Commitment.
Effective on the effective date of any increase in the Aggregate Commitment pursuant to clause (i) above, each Selling Lender hereby sells, grants, assigns and conveys to each Buying Lender, without recourse, warranty, or representation of any
kind, except as specifically provided herein, an undivided percentage in such Selling Lender’s right, title and interest in and to its outstanding Loans and L/C Obligations in the respective Dollar Amounts and percentages necessary so that,
from and after such sale, each such Selling Lender’s outstanding Loans and L/C Obligations shall equal such Selling Lender’s Pro Rata Share (calculated based upon the Effective Commitment Amounts) of the outstanding Loans and L/C
Obligations. Effective on the effective date of the increase in the Aggregate Commitment pursuant to clause (i) above, each Buying Lender hereby purchases and accepts such grant, assignment and conveyance from the Selling Lenders. Each Buying
Lender hereby agrees that its respective purchase price for the portion of the outstanding Loans and L/C Obligations purchased hereby shall equal the respective Dollar Amount necessary so that, from and after such payments, each Buying Lender’s
outstanding Loans and L/C Obligations shall equal such Buying Lender’s Pro Rata Share (calculated based upon the Effective Commitment Amounts) of the outstanding Loans and L/C Obligations. Such amount shall be payable on the effective date of
the increase in the Aggregate Commitment by wire transfer of immediately available funds to the Administrative Agent. The Administrative Agent, in turn, shall wire transfer any such funds received to the Selling Lenders, in same day funds, for the
sole account of the Selling Lenders. Each Selling Lender hereby represents and warrants to each Buying Lender that such Selling Lender owns the Loans and L/C Obligations being sold and assigned hereby for its own account and has not sold,
transferred or encumbered any or all of its interest in such 

  
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Loans and L/C Obligations, except for participations which will be extinguished upon payment to Selling Lender of an amount equal to the portion of the outstanding Loans and L/C Obligations being
sold by such Selling Lender. Each Buying Lender hereby acknowledges and agrees that, except for each Selling Lender’s representations and warranties contained in the foregoing sentence, each such Buying Lender has entered into its Commitment
and Acceptance with respect to such increase on the basis of its own independent investigation and has not relied upon, and will not rely upon, any explicit or implicit written or oral representation, warranty or other statement of the Lenders or
the Administrative Agent concerning the authorization, execution, legality, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or the other Loan Documents. The Company hereby agrees to compensate each Selling
Lender for all losses, expenses and liabilities incurred by each Lender in connection with the sale and assignment of any Eurodollar Loan hereunder on the terms and in the manner as set forth in Section 4.4. 

SECTION 2.6 Method of Borrowing. On each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving
Loans, if any, not later than 1:00 p.m., Eastern time (daylight or standard, as applicable), in Federal or other funds immediately available to the Administrative Agent, in New York, New York at its address specified in or pursuant to
Article XV. Unless the Administrative Agent determines that any applicable condition specified in Article V has not been satisfied, the Administrative Agent will make the funds so received from the Lenders available to the applicable
Borrower at the Administrative Agent’s aforesaid address. 
 SECTION 2.7 Method of Selecting Types and Interest
Periods for Advances. The applicable Borrower shall select the Type of Advance and, in the case of each Eurodollar Rate Advance, the Interest Period applicable to each Advance from time to time. The applicable Borrower shall give the
Administrative Agent irrevocable notice in substantially the form of Exhibit B hereto (a “Borrowing/Election Notice”) not later than 11:00 a.m. Eastern time (daylight or standard, as applicable) (a) on or before the
Borrowing Date of each Floating Rate Advance, (b) three (3) Business Days before the Borrowing Date for each Eurodollar Rate Advance. The Borrowers shall select Interest Periods so that, to the best of their knowledge, it will not be
necessary to prepay all or any portion of any Eurodollar Rate Loan prior to the last day of the applicable Interest Period in order to make mandatory prepayments as required pursuant to the terms hereof. Each Floating Rate Advance and all
Obligations other than Loans shall bear interest from and including the date of the making of such Advance, in the case of Loans, and the date such Obligation is due and owing in the case of such other Obligations, to (but not including) the date of
repayment thereof at the Floating Rate changing when and as such Floating Rate changes. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Loan will take effect simultaneously with each change in the
Alternate Base Rate. Each Eurodollar Rate Advance shall bear interest from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate determined as
applicable to such Eurodollar Rate Advance and shall change as and when the Applicable Eurodollar Margin changes. 

  
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 SECTION 2.8 Minimum Amount of Each Advance. Each Advance (other than an Advance
to repay Swing Line Loans or Unreimbursed Amounts) shall be in the minimum amount of Four Million Dollars ($4,000,000) and in multiples of One Million Dollars ($1,000,000) if in excess thereof, provided, however, that subject to the provisions of
Section 2.1(d) above relating to the amount of the initial Revolving Loan hereunder to a Dutch Borrower, any Floating Rate Advance may be in the amount of the unused Adjusted Aggregate Commitment. 

SECTION 2.9 Method of Selecting Types and Interest Periods for Conversion and Continuation of Advances. 

(a) Right to Convert. The applicable Borrower may elect from time to time, subject to the provisions of Section 2.3
and this Section 2.9, to convert all or any part of a Loan of any Type into any other Type or Types of Loans; provided that any conversion of any Eurodollar Rate Advance shall be made on, and only on, the last day of the Interest
Period applicable thereto. 
 (b) Automatic Conversion and Continuation. Floating Rate Loans shall continue as Floating
Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar
Rate Loans shall be automatically converted into Floating Rate Loans unless such Eurodollar Rate Loans shall have been repaid or the Company shall have given the Administrative Agent notice in accordance with Section 2.9(d) requesting
that, at the end of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan. 
 (c) No Conversion
Post-Default or Post-Unmatured Default. Notwithstanding anything to the contrary contained in Section 2.9(a) or Section 2.9(b), no Loan may be converted into or continued as a Eurodollar Rate Loan (except with the consent
of the Required Lenders) when any Default or Unmatured Default has occurred and is continuing. 
 (d) Borrowing/Election
Notice. The Company shall give the Administrative Agent an irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Loan into a Eurodollar Rate Loan or continuation of a Eurodollar Rate Loan not later than 11:00 a.m.
Eastern time (daylight or standard, as applicable) (x) one (1) Business Day prior to the date of the requested conversion or continuation, with respect to any Loan to be converted to or continued as a Floating Rate Advance, and
(y) three (3) Business Days prior to the date of the requested conversion or continuation, with respect to any Loan to be converted or continued as a Eurodollar Rate Loan, specifying: (1) the requested date (which shall be a Business
Day) of such conversion or continuation; (2) the amount and Type of the Loan to be converted or continued; and (3) if applicable, the amount of Eurodollar Rate Loan(s) into which such Loan is to be converted or continued and the duration
of the Interest Period applicable thereto. 
 SECTION 2.10 Default Rate. After the occurrence and during the
continuance of a Default, at the direction of the Required Lenders, the interest rate(s) applicable to the Obligations and all other fees (including the fees payable under Section 3.8 with respect to Letters of Credit) shall be equal to
(x) the interest rates and fees calculated based on the maximum Applicable Floating Rate Margins, Applicable Eurodollar Margin, Applicable L/C Fee Percentage and Applicable Commitment Fee Percentage, as applicable (it being understood that


  
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except for the Eurodollar Rate Loans or as otherwise provided herein, the interest rate for all Obligations before giving effect to this clause (x) shall be the Applicable Floating Rate
Margin plus Alternate Base Rate), as specified pursuant to Section 2.14(d)(ii) plus (y) two percent (2.00%) per annum for all such Obligations and fees ; provided that during the continuation of a Default under Sections 8.1(a)(i)
such interest rate and fee increases shall be automatically applicable without any action of the Required Lenders. 

SECTION 2.11 Method of Payment. 
 (a) Method of Payment. The Administrative Agent is hereby authorized to charge any account of the applicable Borrower maintained with BofA or any of its Affiliates for each payment of principal,
interest and fees as it becomes due hereunder. Each reference to the Administrative Agent in this Section 2.11 shall also be deemed to refer, and shall apply equally, to each Issuing Bank, in the case of payments required to be made by
any Borrower to any Issuing Bank pursuant to Article III. 
 (b) Market Disruption. If, after the designation
by the applicable Issuing Bank and the Administrative Agent of any currency as an Agreed Currency, in the reasonable opinion of any Borrower, any Issuing Bank, the Required Lenders or the Administrative Agent, (x) there shall occur any change
in national or international financial, political or economic conditions or currency exchange rates or currency control or other exchange regulations are imposed in the country which issues such currency with the result that it shall be impractical
for any L/C Obligation to be denominated in such currency or different types of such currency are introduced, (y) such currency is no longer readily available or freely traded or (z) an Equivalent Amount of such currency is not readily
calculable (any such event a “Market Disruption”), such Borrower, such Issuing Bank, the Required Lenders or the Administrative Agent, as applicable, shall promptly notify the Lenders, the Issuing Banks, the Administrative Agent and
the Borrowers, and such currency shall no longer be an Agreed Currency until such time as the Administrative Agent and any applicable Issuing Bank agrees to reinstate such currency as an Agreed Currency, and all payments to be made by the applicable
Borrower hereunder in such currency shall instead be made when due in Dollars in an amount equal to the Dollar Amount (as of the date of repayment) of such payment due, it being the intention of the parties hereto that the Borrowers take all risks
of the imposition of any such currency control or exchange regulations. For purposes of this Section 2.11(b), the commencement of the third stage of the European Economic and Monetary Union shall not constitute the imposition of currency
control or exchange regulations. 
 SECTION 2.12 Evidence of Debt. 

(a) Loan Account. Each Lender shall maintain in accordance with its usual practice an account or accounts (a “Loan
Account”) on its books and records evidencing the indebtedness of the Borrowers to such Lender owing to such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time
hereunder. 

  
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 (b) Register. The Register maintained by the Administrative Agent pursuant to
Section 14.1(c) shall include a control account, and a subsidiary account for each Lender and each Borrower, in which accounts (taken together) shall be recorded (i) the date and the amount of each Loan made hereunder, the Type
thereof and the Interest Period, if any, applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from each of the Borrowers to each Lender hereunder, (iii) the effective date and amount
of each Assignment and Assumption delivered to and accepted by it and the parties thereto pursuant to Section 14.1, (iv) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each
Lender’s share thereof, and (v) all other appropriate debits and credits as provided in this Agreement, including, without limitation, all fees, charges, expenses and interest. 

(c) Entries in Loan Account and Register. The entries made in the Loan Account, the Register and the other accounts maintained
pursuant to clauses (a) or (b) of this Section shall be prima facie evidence thereof for all purposes, absent manifest error, unless the applicable Borrower objects to information contained in the Loan Accounts, the Register or the other
accounts within thirty (30) days of the applicable Borrower’s receipt of such information; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner
affect the obligation of the Borrowers to repay the Loans or other amounts in accordance with the terms of this Agreement. 

(d) Noteless Transaction; Notes Issued Upon Request. Any Lender may request that the Revolving Loans made or to be made by it each
be evidenced by a promissory note in substantially the form of Exhibit I to evidence such Lender’s Revolving Loans. In such event, the Borrowers shall prepare, execute and deliver to such Lender a promissory note for such Loans payable to
the order of such Lender. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 14.1) be represented by one or more promissory notes in such form
payable to the order of the payee named therein. 
 SECTION 2.13 Telephonic Notices. The Borrowers authorize the
Lenders and the Administrative Agent to extend, convert or continue Advances, effect selections of Types of Advances and to transfer funds based on telephonic notices made by any person or persons the Administrative Agent or any Lender in good faith
believes to be acting on behalf of the applicable Borrower. Each of the Subsidiary Borrowers authorizes the Company to make requests and give notices hereunder on behalf of such Subsidiary Borrowers. The Borrowers agree to deliver promptly to the
Administrative Agent a written confirmation, signed by an Authorized Officer, of each telephonic notice. If the written confirmation differs in any material respect from the action taken by the Administrative Agent and the Lenders, the records of
the Administrative Agent and the Lenders shall govern absent manifest error. In case of disagreement concerning such notices, if the Administrative Agent has recorded telephonic borrowing notices, such recordings will be made available to the
applicable Borrower upon its request therefor. 
 SECTION 2.14 Promise to Pay; Interest and Commitment Fees; Interest
Payment Dates; Interest and Fee Basis; Taxes; Loan and Control Accounts. 

  
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 (a) Promise to Pay. All Advances shall be paid in full by the applicable Borrowers on
the Termination Date. Each Borrower unconditionally promises to pay when due the principal amount of each Loan and all other Obligations incurred by it, and to pay all unpaid interest accrued thereon, in accordance with the terms of this Agreement
and the other Loan Documents, and confirms that all Borrowers (other than Borrowers which are Foreign Subsidiaries) shall be jointly and severally liable for all of the Obligations. It is the intention of all the parties hereto that the Obligations
of each Borrower hereunder not constitute a fraudulent transfer or conveyance for purposes of Debtor Relief Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent
applicable to the Obligations of each Borrower hereunder. To effectuate the foregoing intention, the Administrative Agent, the Lenders and the Borrowers hereby irrevocably agree that the Obligations of each Borrower hereunder shall be limited to the
maximum amount as will result in the Obligations of such Borrower hereunder not constituting a fraudulent transfer or conveyance. Each Borrower hereby unconditionally and irrevocably agrees that in the event any payment shall be required to be made
to the Administrative Agent, any Lender or any Issuing Bank, such Borrower will contribute, to the maximum extent permitted by law, such amounts to each other Borrower so as to maximize the aggregate amount paid to the Administrative Agent, the
Lenders and the Issuing Banks under or in respect of the Loan Documents. 
 (b) Interest Payment Dates. Interest accrued
on each Floating Rate Loan shall be payable on each Payment Date, commencing with the first such date to occur after the Transaction Closing Date, upon any prepayment whether by acceleration or otherwise, and at maturity (whether by acceleration or
otherwise). Interest accrued on each Eurodollar Rate Loan shall be payable on the last day of its applicable Interest Period, on any date on which the Eurodollar Rate Loan is prepaid, whether by acceleration or otherwise, and at maturity;
provided, interest accrued on each Eurodollar Rate Loan having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued on the principal
balance of all other Obligations shall be payable in arrears (i) on the last Business Day of each calendar quarter, commencing on the first such day following the incurrence of such Obligation, (ii) upon repayment thereof in full or in
part, and (iii) if not theretofore paid in full, at the time such other Obligation becomes due and payable (whether by acceleration or otherwise). 
 (c) Commitment Fees; Ticking Fee. 
 (i) The Company shall
pay to the Administrative Agent, for the account of the Lenders in accordance with their Pro Rata Shares, from and after the Transaction Closing Date until the date on which the Aggregate Commitment shall be terminated in whole, a commitment fee at
the rate of the then Applicable Commitment Fee Percentage multiplied by the average amount by which (x) the Aggregate Commitment in effect from time to time exceeds (y) the Revolving Credit Obligations (excluding the outstanding principal
amount of the Swing Line Loans) in effect from time to time during each fiscal quarter of the Company. All such commitment fees payable under this clause (c) shall be payable quarterly on the last day of each fiscal quarter of the Company
occurring after the Transaction Closing Date (with the first such payment being calculated for the period from the Transaction Closing Date to the end of the Company’s fiscal quarter first ended after the Transaction Closing Date) and, in
addition, on any date on which the Aggregate Commitment shall be terminated in whole. 

  
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 (ii) The Company agrees to pay or to cause the Borrowers to pay to the
Administrative Agent, for the ratable benefit of the Lenders, a ticking fee of 0.30% per annum, calculated on the basis of actual number of days elapsed in a year of 360 days, on the Aggregate Commitment, (A) such fee to accrue from and
after the date that is 30 days following the date of the execution and delivery of this Agreement until the earlier to occur of the Transaction Closing Date and the Commitment Termination Date and (B) such fee to be payable on such earlier
date. 
 (d) Interest and Fee Basis; Applicable Floating Rate Margins, Applicable Eurodollar Margin, Applicable L/C Fee
Percentage and Applicable Commitment Fee Percentage. 
 (i) Interest and all fees, Eurodollar Rate Loans and
Floating Rate Loans calculated by reference to the Federal Fund Effective Rate shall be calculated for actual days elapsed on the basis of a 360-day year. Interest on all Alternate Base Rate Loans shall be calculated for actual days elapsed on the
basis of a 365/366-day year. Interest shall be payable for the day an Obligation is incurred but not for the day of any payment on the amount paid if payment is received prior to 3:00 p.m. Eastern time (daylight or standard, as applicable) at the
place of payment. If any payment of principal of or interest on a Loan or any payment of any other Obligations shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of
a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment. 
 (ii) (A) The Applicable Floating Rate Margin, Applicable Eurodollar Margin, Applicable L/C Fee Percentage and Applicable Commitment Fee Percentage shall, subject to the provisions of
Section 2.14(d)(ii)(B) below, be determined from time to time by reference to the table set forth below, on the basis of the then applicable Pricing Ratio as described in this Section 2.14(d)(ii): 

 

																					
	 Pricing Ratio
	  	Less than
1.25 to 1.00	 	 	Greater
than or
equal to
1.25 to 1.00
and
less
than 2.00 to
1.00	 	 	Greater than
or equal to
2.00 to 1.00
and less than
2.50 to 1.00	 	 	Greater than
or equal to
2.50 to 1.00
but less than
3.00 to 1.00	 	 	Greater than
or equal to
3.00 to 1.00	 
	 Applicable Commitment Fee
	  	 	0.175	% 	 	 	0.225	% 	 	 	0.25	% 	 	 	0.30	% 	 	 	0.40	% 
	 Applicable L/C Fee for Performance Letters of Credit
	  	 	0.75	% 	 	 	0.825	% 	 	 	1.00	% 	 	 	1.125	% 	 	 	1.375	% 
	 Applicable L/C Fee for Financial Letters of Credit
	  	 	1.375	% 	 	 	1.50	% 	 	 	1.75	% 	 	 	2.00	% 	 	 	2.50	% 
	 Applicable Eurodollar Margin
	  	 	1.375	% 	 	 	1.50	% 	 	 	1.75	% 	 	 	2.00	% 	 	 	2.50	% 
	 Applicable Floating Rate Margin
	  	 	0.375	% 	 	 	0.50	% 	 	 	0.75	% 	 	 	1.00	% 	 	 	1.50	% 

 (B) (1) Notwithstanding the foregoing or anything else contained in this Agreement to
the contrary, for purposes of computing the Revolving Credit Obligations in connection with determining the applicable commitment fee, the parties hereto acknowledge and agree that to the extent any Escalating L/C is then issued and outstanding, the
applicable commitment fee shall be calculated based on the maximum Dollar Amount (after giving effect to all possible increases) available to be drawn thereunder. 

  
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 (2) For purposes of this Section 2.14(d)(ii), the Pricing Ratio
shall be equal to Leverage Ratio calculated as provided in Section 7.4(a); provided, however, that until such time as the Company delivers the financial statements for the fiscal quarter ending September 30, 2013, the
Pricing Ratio shall be deemed to be greater than or equal to 2.50 to 1.00 but less than 3.00 to 1.00. Upon receipt of the financial statements delivered pursuant to Sections 7.1(a)(i) and (ii), as applicable, the Applicable
Floating Rate Margins, Applicable Eurodollar Margin, Applicable L/C Fee Percentage and Applicable Commitment Fee Percentage shall be adjusted, such adjustment being effective five (5) Business Days following the date such financial statements
and the compliance certificate required to be delivered in connection therewith pursuant to Section 7.1(a)(iii) shall be due; provided, that if the Company shall not have timely delivered its financial statements in accordance
with Section 7.1(a)(i) or (ii), as applicable, then commencing on the date upon which such financial statements should have been delivered and continuing until five (5) Business Days following the date such financial
statements are actually delivered, the Applicable Floating Rate Margins, Applicable Eurodollar Margin, Applicable L/C Fee Percentage and Applicable Commitment Fee Percentage shall be the maximum Applicable Floating Rate Margins, Applicable
Eurodollar Margin, Applicable L/C Fee Percentage and Applicable Commitment Fee Percentage, as applicable, as set forth in this Section 2.14(d)(ii). 
 (e) Taxes. 
 (i) Any and all payments by the Company and the
Borrowers hereunder (whether in respect of principal, interest, fees or otherwise) shall be made free and clear of and without deduction for any and all present or future taxes, levies, imposts, deductions, charges or withholdings or any interest,
penalties and liabilities with respect thereto including those arising after the Closing Date as a result of the adoption of or any change in any law, treaty, rule, regulation, guideline or determination of a Governmental Authority or any change in
the interpretation or application thereof by a Governmental Authority but excluding, in the case of each Lender and the Administrative Agent, such taxes (including income taxes, franchise taxes and branch profit taxes) as are imposed on or measured
by such Lender’s or the Administrative Agent’s, as the case may be, net income by the United States of America or any Governmental Authority of the jurisdiction under the laws of which such Lender or the Administrative Agent, as the case
may be, is organized and any U.S. federal withholding taxes imposed under FATCA (all such non-excluded taxes, levies, imposts, deductions, charges, withholdings, and liabilities which the Administrative Agent or a Lender determines to be applicable
to this Agreement, the other Loan Documents, the Commitments, the Loans or the Letters of Credit being hereinafter referred to as “Taxes”). If the Company or any Borrower shall


  
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be required by law to deduct or withhold any Taxes from or in respect of any sum payable hereunder or under the other Loan Documents to any Lender or the Administrative Agent, (i) the sum
payable shall be increased as may be necessary so that after making all required deductions or withholdings (including deductions applicable to additional sums payable under this Section 2.14(e)) such Lender or Administrative Agent (as
the case may be) receives an amount equal to the sum it would have received had no such deductions or withholdings been made, (ii) the Company or the applicable Borrower, as applicable, shall make such deductions or withholdings, and
(iii) the Company or the applicable Borrower, as applicable, shall pay the full amount deducted or withheld to the relevant taxation authority or other authority in accordance with applicable law. If a withholding tax of the United States of
America or any other Governmental Authority shall be or become applicable (y) after the date of this Agreement, to such payments by the Company or the applicable Borrower made to the Lending Installation or any other office that a Lender may
claim as its Lending Installation, or (z) after such Lender’s selection and designation of any other Lending Installation, to such payments made to such other Lending Installation, such Lender shall use reasonable efforts to make, fund and
maintain the affected Loans through another Lending Installation of such Lender in another jurisdiction so as to reduce the Company’s or the applicable Borrower’s liability hereunder, if the making, funding or maintenance of such Loans
through such other Lending Installation of such Lender does not, in the judgment of such Lender, otherwise adversely affect such Loans, or obligations under the Commitment of such Lender. 

(ii) In addition, the Company and the Borrowers agree to pay any present or future stamp or documentary taxes or any other
excise or property taxes, charges, or similar levies which arise from any payment made hereunder, from the issuance of Letters of Credit hereunder, or from the execution, delivery or registration of, or otherwise with respect to, this Agreement, the
other Loan Documents, the Commitments, the Loans or the Letters of Credit (hereinafter referred to as “Other Taxes”). 
 (iii) The Company and each Subsidiary Borrower shall indemnify each Lender and the Administrative Agent for the full amount of Taxes and Other Taxes (including, without limitation, any Taxes or Other
Taxes imposed by any Governmental Authority on amounts payable under this Section 2.14(e)) paid by such Lender or the Administrative Agent (as the case may be) and any liability (including penalties, interest, and expenses) arising
therefrom or with respect thereto, whether or not such Taxes or Other Taxes were correctly or legally asserted. This indemnification shall be made within thirty (30) days after the date such Lender or the Administrative Agent (as the case may
be) makes written demand therefor. 
 If the Taxes or Other Taxes with respect to which the Company or any Subsidiary Borrower
has made either a direct payment to the taxation or other authority or an indemnification payment hereunder are subsequently refunded to any Lender, such Lender will return to the Company or the applicable Borrower, if no Default has occurred and is
continuing, an amount equal to the lesser of the indemnification payment or the refunded amount. A certificate as to any additional amount payable to any Lender or the 

  
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Administrative Agent under this Section 2.14(e) submitted to the Company or the applicable Borrower and the Administrative Agent (if a Lender is so submitting) by such Lender or the
Administrative Agent shall show in reasonable detail the amount payable and the calculations used to determine such amount and shall, absent manifest error, be final, conclusive and binding upon all parties hereto. Upon the request of any Lender,
the Company or the applicable Borrower, as applicable, shall repay to the Lender the amount paid over pursuant to this paragraph (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such
Lender is required to repay such refund to such Governmental Authority. With respect to such deduction or withholding for or on account of any Taxes and to confirm that all such Taxes have been paid to the appropriate Governmental Authorities, the
Company or the applicable Borrower shall promptly (and in any event not later than thirty (30) days after receipt) furnish to each Lender and the Administrative Agent such certificates, receipts and other documents as may be required (in the
reasonable judgment of such Lender or the Administrative Agent) to establish any tax credit to which such Lender or the Administrative Agent may be entitled. 
 (iv) Within thirty (30) days after the date of any payment of Taxes or Other Taxes by the Company or any Subsidiary Borrower, the Company shall furnish to the Administrative Agent the original or a
certified copy of a receipt evidencing payment thereof. 
 (v) Without prejudice to the survival of any other
agreement of the Company and the Subsidiary Borrowers hereunder, the agreements and obligations of the Company and the Borrowers contained in this Section 2.14(e) shall survive the payment in full of all Obligations, the termination of
the Letters of Credit and the termination of this Agreement. 
 (vi) Each Lender that is not created or organized
under the laws of the United States of America or a political subdivision thereof (each a “Non-U.S. Lender”) shall deliver to the Company and the Administrative Agent on or before the Closing Date, or, if later, the date on which
such Lender becomes a Lender pursuant to Section 14.1 hereof (and from time to time thereafter upon the request of the Company or the Administrative Agent, but only for so long as such Non-U.S. Lender is legally entitled to do so),
either (1) two (2) duly completed copies of either (A) IRS Form W-8BEN, or (B) IRS Form W-8ECI, or in either case an applicable successor form; or (2) in the case of a Non-U.S. Lender that is not legally entitled to deliver
the forms listed in clause (vi)(1), (x) a certificate of a duly authorized officer of such Non-U.S. Lender to the effect that such Non-U.S. Lender is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code,
(B) a “10 percent shareholder” of the Company or any Subsidiary Borrower within the meaning of Section 881(c)(3)(B) of the Code, or (C) a controlled foreign corporation receiving interest from a related person within the
meaning of Section 881(c)(3)(C) of the Code (such certificate, an “Exemption Certificate”) and (y) two (2) duly completed copies of IRS Form W-8BEN or applicable successor form. Each such Lender further agrees to
deliver to the Company and the Administrative Agent from time to time a true and accurate certificate executed in duplicate by a duly authorized officer of such Lender in a form satisfactory to the Company and the


  
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Administrative Agent, before or promptly upon the occurrence of any event requiring a change in the most recent certificate previously delivered by it to the Company and the Administrative Agent
pursuant to this Section 2.14(e)(vi). Further, each Lender which delivers a form or certificate pursuant to this clause (vi) covenants and agrees to deliver to the Company and the Administrative Agent within fifteen (15) days
prior to the expiration of such form, for so long as this Agreement is still in effect, another such certificate and/or two (2) accurate and complete original newly-signed copies of the applicable form (or any successor form or forms required
under the Code or the applicable regulations promulgated thereunder). 
 Each Lender shall promptly furnish to the Company and
the Administrative Agent such additional documents as may be reasonably required by the Company or any Borrower or the Administrative Agent to establish any exemption from or reduction of any Taxes or Other Taxes required to be deducted or withheld
and which may be obtained without undue expense to such Lender. Notwithstanding any other provision of this Section 2.14(e), neither the Company nor any Borrower shall be obligated to gross up any payments to any Lender pursuant to
Section 2.14(e)(i), or to indemnify any Lender pursuant to Section 2.14(e)(iii), in respect of United States federal withholding taxes to the extent imposed as a result of (x) the failure of such Lender to deliver to the
Company the form or forms and/or an Exemption Certificate, as applicable to such Lender, pursuant to Section 2.14(e)(vi), (y) such form or forms and/or Exemption Certificate not establishing a complete exemption from U.S. federal
withholding tax or the information or certifications made therein by the Lender being untrue or inaccurate on the date delivered in any material respect, or (z) the Lender designating a successor Lending Installation at which it maintains its
Loans which has the effect of causing such Lender to become obligated for tax payments in excess of those in effect immediately prior to such designation; provided, however, that the Company or the applicable Borrower, as the case may
be, shall be obligated to gross up any payments to any such Lender pursuant to Section 2.14(e)(i), and to indemnify any such Lender pursuant to Section 2.14(e)(iii), in respect of United States federal withholding taxes if
(i) any such failure to deliver a form or forms or an Exemption Certificate or the failure of such form or forms or exemption certificate to establish a complete exemption from U.S. federal withholding tax or inaccuracy or untruth contained
therein resulted from a change in any applicable statute, treaty, regulation or other applicable law or any interpretation of any of the foregoing occurring after the Closing Date, which change rendered such Lender no longer legally entitled to
deliver such form or forms or Exemption Certificate or otherwise ineligible for a complete exemption from U.S. federal withholding tax, or rendered the information or the certifications made in such form or forms or Exemption Certificate untrue or
inaccurate in any material respect, (ii) the redesignation of the Lender’s Lending Installation was made at the request of the Company or (iii) the obligation to gross up payments to any such Lender pursuant to
Section 2.14(e)(i), or to indemnify any such Lender pursuant to Section 2.14(e)(iii), is with respect to a assignee Lender that becomes a Lender as a result of an assignment made at the request of the Company. 

If a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding tax imposed by FATCA if such Lender
were to fail to comply with the applicable reporting requirements or FATCA (including those contained in Sections 1471(b) or 1472(b) or the Code, as applicable), such Lender shall deliver to the Borrowers and the Administrative Agent at the time or
times prescribed by law and at such time or times reasonably 

  
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requested by the Borrowers or Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b )(3)(C)(i) of the Code) and such additional
documentation reasonably requested by the Borrowers or the Administrative Agent as may be necessary for the Borrowers and the Administrative Agent to comply with their obligations under FATCA or to determine the amount to deduct and withhold from
such payment. Solely for purposes of this paragraph (vii), “FATCA” shall include any amendments made to FATCA after the date or this Agreement. 
 (vii) Upon the request, and at the expense of the Company, each Lender to which the Company or any Borrower is required to pay any additional amount pursuant to this Section 2.14(e), shall
reasonably afford the Company or the applicable Borrower, as applicable, the opportunity to contest, and shall reasonably cooperate with the Company or the applicable Borrower, as applicable, in contesting, the imposition of any Tax giving rise to
such payment; provided, that (i) such Lender shall not be required to afford the Company or the applicable Borrower the opportunity to so contest unless the Company or the applicable Borrower, as applicable, shall have confirmed in
writing to such Lender its obligation to pay such amounts pursuant to this Agreement; and (ii) the Company shall reimburse such Lender for its reasonable attorneys’ and accountants’ fees and disbursements incurred in so cooperating
with the Company or the applicable Borrower in contesting the imposition of such Tax. 
 SECTION 2.15 Notification of
Advances, Interest Rates, Prepayments and Aggregate Commitment Reductions. Promptly after receipt thereof, the Administrative Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing/Election Notice,
and repayment notice received by it hereunder. The Administrative Agent will notify the applicable Borrower and each Lender of the interest rate applicable to each Eurodollar Rate Loan promptly upon determination of such interest rate and will give
each Lender prompt notice of each change in the Alternate Base Rate. 
 SECTION 2.16 Lending Installations. Each
Lender will book its Loans or Letters of Credit at the appropriate Lending Installation listed on the administrative information sheets provided to the Administrative Agent in connection herewith or such other Lending Installation designated by such
Lender in accordance with the final sentence of this Section 2.16. All terms of this Agreement shall apply to any such Lending Installation. Each Lender may, by written or facsimile notice to the Administrative Agent and the Company,
designate a Lending Installation through which Loans will be made by it and for whose account Loan payments and/or payments of L/C Obligations are to be made. 
 SECTION 2.17 Payments Generally; Administrative Agent’s Clawback. 

(a) General. All payments to be made by any Borrower shall be made free and clear of and without condition or deduction for any
counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by any Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at
the Administrative Agent’s office in Dollars (except for L/C Obligation in respect of any Letter of Credit denominated in any other Agreed Currency, in which case in such Agreed Currency) and in immediately available funds not later than 3:00
p.m. on the date 

  
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specified herein. The Administrative Agent will promptly distribute to each Lender its Pro Rata Share (or other applicable share as provided herein) of such payment in like funds as received by
wire transfer to such Lender’s lending office. All payments received by the Administrative Agent after 3:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any
payment to be made by any Borrower shall come due on a day other than a Business Day, except otherwise provided in the definition of “Termination Date”, payment shall be made on the next following Business Day, and such extension of time
shall be reflected in computing interest or fees, as the case may be. 
 (b) (i) Funding by Lenders; Presumption by
Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any borrowing of Eurodollar Rate Loans (or, in the case of any borrowing of Floating Rate Loans, prior to 12:00 noon on
the date of such borrowing) that such Lender will not make available to the Administrative Agent such Lender’s share of such borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in
accordance with Section 2.1(a) and may, in reliance upon such assumption, make available to the applicable Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable borrowing available
to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in immediately available funds with interest thereon, for each day from and
including the date such amount is made available to the applicable Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be made by such Lender, the greater of the Federal Funds Rate and a
rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing,
and (B) in the case of a payment to be made by the Borrowers, the interest rate applicable to Floating Rate Loans. If the Borrowers and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the
Administrative Agent shall promptly remit to the Borrowers the amount of such interest paid by the Borrowers for such period. If such Lender pays its share of the applicable borrowing to the Administrative Agent, then the amount so paid shall
constitute such Lender’s Loan included in such borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent.

 (ii) Payments by Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received
notice from the Borrowers prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or any Issuing Bank hereunder that the Borrowers will not make such payment, the Administrative Agent may assume that
the Borrowers have made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the Issuing Banks, as the case may be, the amount due. In such event, if the Borrower has not in fact
made such payment, then each of the Lenders or each such Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank, in immediately available
funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation. 

  
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 A notice of the Administrative Agent to any Lender or the Borrower with respect to any
amount owing under this subsection (b) shall be conclusive, absent manifest error. 
 (c) Failure to Satisfy
Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to a Borrower by the
Administrative Agent because the conditions set forth in Article V are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without
interest. 
 (d) Obligations of Lenders Several. The obligations of the Lenders hereunder to make Loans, to fund
participations in Letters of Credit and to make payments pursuant to Section 11.7(c) are several and not joint. The failure of any Lender to make any Loan, to fund any such participation or to make any payment under
Section 11.7(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan, to
purchase its participation or to make its payment under Section 11.7(c). 
 (e) Funding Source. Nothing
herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or
manner. 
 SECTION 2.18 Termination Date. This Agreement shall be effective until the Termination Date.
Notwithstanding the termination of this Agreement, until (A) all financing arrangements among the Borrowers and the Lenders shall have been terminated and (B) all of the Letters of Credit shall have expired, been cancelled or terminated,
or Cash Collateralized pursuant to the terms of this Agreement or supported by a letter of credit acceptable to the Administrative Agent (collectively, the “Termination Conditions”), all of the rights and remedies under this
Agreement and the other Loan Documents shall survive. 
 SECTION 2.19 Replacement of Certain Lenders. If a Lender
(“Affected Lender”) shall have: (i) become a Defaulting Lender or a Non-Consenting Lender, (ii) requested compensation from any Borrower under Sections 2.14(e), 4.1 or 4.2 to recover Taxes, Other Taxes
or other additional costs incurred by such Lender which are not being incurred generally by the other Lenders, (iii) delivered a notice pursuant to Section 4.3 claiming that such Lender is unable to extend Eurodollar Rate Loans to
any Borrower for reasons not generally applicable to the other Lenders, (iv) has invoked Section 11.2 or (v) become a Protesting Lender that may be replaced by the Borrowers pursuant to Section 2.20, then the
Borrowers may, at their sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents
required by, Section 14.1), all of its interests, rights (other than its existing rights to payments pursuant to Sections 2.14(e), 4.1, 4.2, 4.4, and 11.7) and obligations under this Agreement and
the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that: 

  
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 (a) the Borrowers shall have paid to the Administrative Agent the assignment fee (if any)
specified in Section 14.1; 
 (b) such Lender shall have received payment of an amount equal to the outstanding
principal of its Loans and L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 4.4) from the assignee (to the extent
of such outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts); 
 (c) in the
case of any such assignment resulting from a claim for compensation or payments required to be made pursuant to Section 4.1 or 4.2, such assignment will result in a reduction in such compensation or payments thereafter;

 (d) such assignment does not conflict with applicable Requirements of Law; 

(e) in the case of an assignment resulting from a Lender becoming a Non-Consenting Lender, the applicable assignee shall have consented
to the applicable amendment, waiver or consent; and 
 (f) if at the time of such assignment, any Loan made to a Dutch Borrower
would be outstanding and the Affected Lender’s Pro Rata Share of any and all of such Loans would, as of the date of assignment, in the aggregate with respect to any Dutch Borrower, be more than zero but less than the equivalent in Dollars
(calculated on the basis of the Spot Rate of the Administrative Agent as of the date of such assignment) of €100,000, no assignment of Loans to such Dutch Borrower by the Affected Lender shall be made to an Eligible Assignee pursuant to this
Section 2.19 other than to a Professional Market Party. 
 A Lender shall not be required to make any such assignment or delegation
if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrowers to require such assignment and delegation cease to apply. The Administrative Agent is authorized to execute one or more of such
assignment agreements as attorney-in-fact for any Affected Lender failing to execute and deliver the same within five (5) Business Days after demand from the Administrative Agent or the Company for such Affected Lender to execute and deliver
the same. 
 SECTION 2.20 Subsidiary Borrowers. The Company may at any time or from time to time upon not less than
(x) five (5) Business Days’ prior written notice (or such lesser time as acceptable to the Administrative Agent in its sole discretion) to the Administrative Agent (which shall promptly notify the Lenders thereof) in the case of any
Domestic Subsidiary and (y) ten (10) Business Days’ prior written notice (or such lesser time as acceptable to the Administrative Agent in its sole discretion) to the Administrative Agent (which shall promptly notify the Lenders
thereof) in the case of any Foreign Subsidiary, and with the consent of the Administrative Agent, add as a party to this Agreement any Subsidiary to be a Subsidiary Borrower hereunder by the execution and delivery to the Administrative Agent and the
Lenders of (a) a duly completed Assumption Letter by such Subsidiary, with the written consent and 

  
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guarantee affirmation by the Company and each other Loan Party at the foot thereof, (b) such guaranty and subordinated intercompany indebtedness documents as may be reasonably required by
the Administrative Agent and such other opinions, documents, certificates or other items as may be required by Section 5.2, such documents with respect to any additional Subsidiaries to be substantially similar in form and substance to the Loan
Documents executed on or about the Closing Date by the Subsidiaries parties hereto as of the Closing Date. Upon such execution, delivery and consent such Subsidiary shall for all purposes be a party hereto as a Subsidiary Borrower as fully as if it
had executed and delivered this Agreement; provided that if the Company shall designate as a Subsidiary Borrower hereunder any Subsidiary not organized under the laws of the United States or any State thereof, (i) any Lender may, with
notice to the Administrative Agent and the Company, fulfill its Commitment by causing an Affiliate of such Lender to act as the Lender in respect of such Subsidiary Borrower and (ii) (A) as soon as practicable after receiving notice from
the Company or the Administrative Agent of the Company’s intent to designate such Subsidiary as a Subsidiary Borrower, and in any event no later than five (5) Business Days after the delivery of such notice, any Lender that may not legally
lend to, establish credit for the account of and/or do any business whatsoever with so such Subsidiary Borrower directly or through an Affiliate of such Lender as provided in clause (i), or that would incur additional taxes or material costs
and expenses from doing so (such Lender, a “Protesting Lender”) shall so notify the Company and the Administrative Agent in writing and (B) with respect to each Protesting Lender, the Company shall, effective on or before the
date that such Subsidiary Borrower shall have the right to borrow hereunder, either (1) cancel its request to designate such Subsidiary as a Subsidiary Borrower hereunder or (2) notify the Administrative Agent and such Protesting Lender
that the Commitment of such Protesting Lender shall be terminated, provided that such Protesting Lender shall have received payment of an amount equal to the outstanding principal of its Loans and L/C Advances, accrued interest thereon,
accrued fees and all other amounts payable to it hereunder and under the other Loan Documents, from the assignee to whom such Protesting Lender’s Commitment is assigned (to the extent of such outstanding principal and accrued interest and fees)
or the Company or the relevant Subsidiary Borrower (in the case of all other amounts). So long as the principal of and interest on any Advances made to any Subsidiary Borrower under this Agreement shall have been repaid or paid in full, all Letters
of Credit issued for the account of such Subsidiary Borrower have expired or been returned and terminated and all other obligations of such Subsidiary Borrower under this Agreement shall have been fully performed, the Company may, by not less than
five (5) Business Days’ prior notice to the Administrative Agent (which shall promptly notify the Lenders thereof), terminate such Subsidiary Borrower’s status as a “Subsidiary Borrower”. The Administrative Agent shall give
the Lenders written notice of the addition of any Subsidiary Borrowers to this Agreement. 
 SECTION 2.21 Judgment
Currency. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due from any Borrower hereunder in the currency expressed to be payable herein (the “specified currency”) into another currency,
the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the specified currency with
such other currency at the Administrative Agent’s main office in New York, New York on the Business Day preceding that on which the final, non-appealable judgment is given. The obligations of each Borrower in respect of any sum due to any
Lender, any Issuing Bank or the Administrative Agent hereunder shall, notwithstanding 

  
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any judgment in a currency other than the specified currency, be discharged only to the extent that on the Business Day following receipt by such Lender, such Issuing Bank or the Administrative
Agent (as the case may be) of any sum adjudged to be so due in such other currency such Lender, such Issuing Bank or the Administrative Agent (as the case may be) may in accordance with normal, reasonable banking procedures purchase the specified
currency with such other currency. If the amount of the specified currency so purchased is less than the sum originally due to such Lender, such Issuing Bank or the Administrative Agent, as the case may be, in the specified currency, each Borrower
agrees, to the fullest extent that it may effectively do so, as a separate obligation and notwithstanding any such judgment, to reimburse such Lender, such Issuing Bank or the Administrative Agent, as the case may be, for any such loss; and if no
Default or Unmatured Default shall have occurred and is continuing and the amount of the specified currency so purchased exceeds (a) the sum originally due to any Lender, any Issuing Bank or the Administrative Agent, as the case may be, in the
specified currency and (b) any amounts shared with other Lenders as a result of allocations of such excess as a disproportionate payment to such Lender or Issuing Bank under Section 13.2, such Lender, such Issuing Bank or the
Administrative Agent, as the case may be, agrees to remit such excess to such Borrower. 
 SECTION 2.22 Defaulting
Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 

(a) Fees. Fees shall cease to accrue on the unfunded portion of the Commitment of such Defaulting Lender pursuant
to Section 2.14(c); 
 (b) Voting. The Commitment and Credit Exposure of such Defaulting
Lender shall not be included in determining whether the Required Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant to Section 9.2); provided, that
this clause (b) shall not apply to the vote of a Defaulting Lender in the case of an amendment, waiver or other modification requiring the consent of all Lenders or each Lender affected thereby; 

(c) Outstanding Swing Line Loans and Letters of Credit. If any Swing Line Loan or Letter of Credit is outstanding
at the time such Lender becomes a Defaulting Lender then: 
 (i) all or any part of such Defaulting Lender’s
L/C Exposure or participation interests in such Swing Line Loans shall be reallocated among the non-Defaulting Lenders in accordance with their respective Pro Rata Share but only to the extent (x) the sum of all non-Defaulting Lenders’
Credit Exposure plus such Defaulting Lender’s L/C Exposure and participation interests in Swing Line Loans do not exceed the total of all non-Defaulting Lenders’ Commitments and (y) after giving effect to such reallocation each
non-Defaulting Lender’s Pro Rata Share of the Credit Exposure does not exceed such non-Defaulting Lender’s Commitment; and 

  
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 (ii) if the reallocation described in clause (i) above cannot, or can
only partially, be effected, the applicable Borrower shall within one Business Day following notice by the Administrative Agent (x) first, prepay such Swing Line Loans and (y) second, Cash Collateralize for the benefit of the
Issuing Bank only such Borrower’s obligations corresponding to such Defaulting Lender’s L/C Exposure (after giving effect to any partial reallocation pursuant to clause (i) above) in accordance with the procedures set forth in
Section 3.13 for so long as such L/C Exposure is outstanding; 
 (iii) if the applicable Borrower
Cash Collateralizes any portion of such Defaulting Lender’s L/C Exposure pursuant to clause (ii) above, such Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 3.8 with respect to such
Defaulting Lender’s L/C Exposure during the period such Defaulting Lender’s L/C Exposure is Cash Collateralized; 
 (iv) if the L/C Exposure and/or participation interests in the Swing Line Loans of the non-Defaulting Lenders is reallocated pursuant to clause (i) above, then the fees payable to the Lenders
pursuant to Section 2.14(c) and Section 3.8 shall be adjusted in accordance with such non-Defaulting Lenders’ Pro Rata Shares; and 
 (v) if all or any portion of such Defaulting Lender’s L/C Exposure is neither reallocated nor Cash Collateralized pursuant to clause (i) or (ii) above, then, without prejudice to any rights
or remedies of any Issuing Bank or any other Lender hereunder, all letter of credit fees payable under Section 3.8 with respect to such Defaulting Lender’s L/C Exposure shall be payable to the Issuing Banks until and to the extent
that such L/C Exposure is reallocated and/or Cash Collateralized; 
 (d) New Letters of Credit. So long as
any Lender is a Defaulting Lender, the Issuing Banks shall not be required to issue, amend or increase any Letter of Credit, unless they are satisfied that the related exposure and the Defaulting Lender’s then outstanding L/C Exposure will be
100% covered by the Commitments of the non-Defaulting Lenders and/or Cash Collateral will be provided by the applicable Borrower in accordance with Section 2.22(c), and any newly issued or increased Letter of Credit shall be allocated
among non-Defaulting Lenders in a manner consistent with Section 2.22(c)(i) (and such Defaulting Lender shall not participate therein); and 
 (e) Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or
mandatory, at maturity, pursuant to Section 9.1 or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 13.1 shall be applied at such time or times as may be determined by the
Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to
each applicable Issuing Bank or the Swing Line Lender hereunder; third, to Cash Collateralize each 

  
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Issuing Bank’s Fronting Exposure with respect to such Defaulting Lender; fourth, as the Company may request (so long as no Unmatured Default or Default exists), to the funding of any
Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Company, to be held
in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize each Issuing Bank’s future
Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement; sixth, to the payment of any amounts owing to the Lenders, any Issuing Bank or the Swing Line Lender as a result of
any judgment of a court of competent jurisdiction obtained by any Lender, such Issuing Bank or the Swing Line Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement;
seventh, so long as no Default or Unmatured Default exists, to the payment of any amounts owing to any Borrower as a result of any judgment of a court of competent jurisdiction obtained by such Borrower against such Defaulting Lender as a
result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a
payment of the principal amount of any Loans or L/C Borrowings in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the
conditions set forth in Section 5.3 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Obligations owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of
any Loans of, or L/C Obligations owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C Obligations and the Swing Line Loans are held by the Lenders pro rata in accordance with the Commitments
hereunder without giving effect to Section 2.22(c)(i). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral
pursuant to this Section 2.22(e) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 
 If any Lender has defaulted in fulfilling its obligations under one or more other agreements in which such Lender commits to extend credit, no Issuing Bank shall be required to issue, amend or increase
any Letter of Credit, unless the Issuing Bank shall have entered into arrangements with the Company, such Lender or the non-Defaulting Lenders, satisfactory to such Issuing Bank, to defease any risk to it in respect of such Lender hereunder.

 In the event that the Administrative Agent, the Company, the Swing Line Lender and each Issuing Bank agree that a Defaulting
Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then (i) the L/C Obligations and participation interests in the Swing Line Loans of the Lenders shall be readjusted to reflect the inclusion of such
Lender’s Commitment and on such date such Lender shall purchase at par (other than Swing Line Loans) such of the Loans of the other Lenders as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans
in accordance with its Pro Rata Share and (ii) the amount of Cash Collateral provided by any Borrower as a result of the existence of such Defaulting Lender pursuant to Section 2.22(c) (to the extent not applied as aforesaid) shall
be returned to the applicable Borrower within three (3) Business Days after such determination. 

  
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 ARTICLE III 
 THE LETTER OF CREDIT FACILITY 
 SECTION 3.1 The Letter of Credit
Commitment. 
 (a) (i) Subject to the terms and conditions set forth herein, (A) each Issuing Bank
agrees, in reliance upon the agreements of the Lenders set forth in this Section 3.1, (1) from time to time on any Business Day during the period from the Transaction Closing Date until the Letter of Credit Expiration Date, to issue
Letters of Credit for the account of the Company or any Subsidiary Borrower, and to amend or extend Letters of Credit previously issued by it, in accordance with subsection (b) below, and (2) to honor drawings under the Letters of
Credit; and (B) the Lenders severally agree to participate in Letters of Credit issued for the account of the Company or any Subsidiary Borrower and any drawings thereunder; provided that before or after giving effect to any L/C Credit
Extension with respect to any Letter of Credit, (x) the Dollar Amount of the Revolving Credit Obligations at such time would not exceed the Adjusted Aggregate Commitment at such time (as such amount may be increased from time to time as
provided in Section 2.5(b)) calculated as of the date of issuance of any Letter of Credit, (y) the Dollar Amount of the Financial Credit Obligations at such time would not exceed the Financial Credit Sublimit as of the date of
issuance of any Letter of Credit or (z) the Dollar Amount of all Letters of Credit issued by such Issuing Bank would not exceed the Issuing Bank Sublimit of such Issuing Bank. Each request by a Person for the issuance or amendment of a Letter
of Credit shall be deemed to be a representation by the Borrowers that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and subject to the terms and
conditions hereof, the Borrowers’ ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrowers may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have
been drawn upon and reimbursed. 
 (ii) From and after the Transaction Closing Date each of the letters of credit
identified on Schedule 3.1 hereto (the “Existing Letters of Credit”) and issued for the account of The Shaw Group Inc. or any of its Subsidiaries pursuant to the Second Amended and Restated Credit Agreement dated as of June 15,
2011 among The Shaw Group Inc., BNP Paribas and the other lenders party thereto (or deemed to be issued under such credit agreement) shall be deemed to have been issued pursuant hereto, and from and after the Transaction Closing Date shall be
subject to and governed by the terms and conditions hereof. In the event any Lender that is the issuer of any Existing Letters of Credit is not an Issuing Bank hereunder on the Transaction Closing Date, such Lender shall be deemed to be an Issuing
Bank solely for purposes of such Existing Letters of Credit and shall not have any obligation to issue new Letters of Credit hereunder until and unless such Lender becomes an Issuing Bank in accordance herewith. 

  
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 (iii) From time to time after the Transaction Closing Date, the Company and
any Issuing Bank may jointly request in the form of a Letter of Credit Application that any letter of credit issued by such Issuing Bank for the account of the Company or any Subsidiary Borrower under any facility not governed by this Agreement be
deemed to be Letters of Credit issued pursuant to this Article III. If the conditions to the issuance of a Letter of Credit in the form of such letter of credit under this Article III would be satisfied on the requested date of such
deemed issuance, from and after such requested date, such letter of credit shall be deemed to have been issued pursuant hereto and shall be subject to and governed by the terms and conditions hereof. 

(b) No Issuing Bank shall issue any Letter of Credit, if the expiry date of the requested Letter of Credit would occur
after the Letter of Credit Expiration Date, unless all the Lenders have approved such expiry date. 
 (c) No
Issuing Bank shall be under any obligation to issue any Letter of Credit if: 
 (i) as of the date of issuance,
any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain such Issuing Bank from issuing the Letter of Credit, or any Requirement of Law applicable to such Issuing Bank or any request
or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such Issuing Bank shall prohibit, or request that such Issuing Bank refrain from, the issuance of Letters of Credit generally or the Letter
of Credit in particular or shall impose upon such Issuing Bank with respect to the Letter of Credit any restriction, reserve or capital requirement (for which such Issuing Bank is not otherwise compensated hereunder) not in effect on the Closing
Date, or shall impose upon such Issuing Bank any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which such Issuing Bank in good faith deems material to it; 

(ii) the issuance of the Letter of Credit would violate one or more policies of such Issuing Bank applicable to letters of
credit generally; 
 (iii) the Letter of Credit is to be denominated in a currency other than an Agreed Currency;

 (iv) any Lender is at that time a Defaulting Lender, unless the Borrowers shall have provided Cash Collateral
in accordance with Section 3.13 to eliminate such Issuing Bank’s Fronting Exposure with respect to such Defaulting Lender under all Letters of Credit, including Fronting Exposure that would arise pro forma from such proposed Letter
of Credit; 
 (v) the Letter of Credit contains any provisions for automatic reinstatement of the stated amount
after any drawing thereunder; or 
 (vi) if the Letter of Credit is to be issued with respect to a jurisdiction
the applicable Issuing Bank deems, in its sole discretion, may at any time subject it to a New Money Credit Event, the Company shall fail, at the request of such Issuing Bank, guaranty and indemnify such Issuing Bank against any and all costs,
liabilities and losses resulting from any New Money Credit Event in a form and substance satisfactory to such Issuing Bank. 

  
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 (d) No Issuing Bank shall amend any Letter of Credit if such Issuing Bank
would not be permitted at such time to issue the Letter of Credit in its amended form under the terms hereof. 

(e) No Issuing Bank shall be under any obligation to amend any Letter of Credit if (A) such Issuing Bank would have
no obligation at such time to issue the Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of the Letter of Credit does not accept the proposed amendment to the Letter of Credit. 

(f) Each Issuing Bank shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the
documents associated therewith, and each Issuing Bank shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article XII with respect to any acts taken or omissions suffered by such Issuing Bank in
connection with Letters of Credit issued by it or proposed to be issued by it and L/C Documents pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in Article XII included each Issuing Bank
with respect to such acts or omissions, and (B) as additionally provided herein with respect to such Issuing Bank. 
 (g) Notwithstanding anything to the contrary, no Letter of Credit shall be issued for the account of a Dutch Borrower unless such Dutch Borrower has previously borrowed a Revolving Loan pursuant to
Section 2.1. 
 SECTION 3.2 Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension
Letters of Credit. 
 (a) Each Letter of Credit shall be issued or amended, as the case may be, upon the
request of a Borrower delivered to the applicable Issuing Bank (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by an Authorized Officer of the applicable Borrower. Such
Letter of Credit Application may be sent by facsimile, by United States mail, by overnight courier, by electronic transmission using the system provided by the applicable Issuing Bank, by personal delivery or by any other means acceptable to such
Issuing Bank. Such Letter of Credit Application must be received by the applicable Issuing Bank and the Administrative Agent not later than 12:00 noon at least two Business Days (or such later date and time as the Administrative Agent and such
Issuing Bank may agree in a particular instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit
Application shall specify in form and detail satisfactory to such Issuing Bank: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount thereof and the Agreed Currency in which such
Letter of Credit is to be denominated; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such 

  
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beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; (G) the purpose and nature of
the requested Letter of Credit; and (H) such other matters as such Issuing Bank may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail
satisfactory to such Issuing Bank (A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as such
Issuing Bank may require. Additionally, such Borrower shall furnish to such Issuing Bank and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any L/C
Documents, as such Issuing Bank or the Administrative Agent may require. 
 (b) Promptly after receipt of any
Letter of Credit Application, the applicable Issuing Bank will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from a Borrower and, if not, the
applicable Issuing Bank will provide the Administrative Agent with a copy thereof. Unless such Issuing Bank has received written notice from any Lender, the Administrative Agent or any Loan Party, at least one Business Day prior to the requested
date of issuance or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Article V shall not then be satisfied, then, subject to the terms and conditions hereof, such Issuing Bank shall, on the
requested date, issue a Letter of Credit for the account of the Company or a Subsidiary Borrower or enter into the applicable amendment, as the case may be, in each case in accordance with such Issuing Bank’s usual and customary business
practices. Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuing Bank a risk participation in such Letter of Credit in an amount equal
to such Lender’s Pro Rata Share of such Letter of Credit. 
 (c) If a Borrower so requests in any applicable
Letter of Credit Application, the applicable Issuing Bank may, in its sole discretion, agree to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any
such Auto-Extension Letter of Credit must permit such Issuing Bank to prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary
thereof not later than a day (the “Non-Extension Notice Date”) in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by such Issuing Bank, the Borrowers shall not
be required to make a specific request to such Issuing Bank for any such extension. Once an Auto-Extension Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not require) the applicable Issuing Bank to permit
the extension of such Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date; provided, however, that such Issuing Bank shall not permit any such extension if (A) the applicable Issuing
Bank has determined that it would not be permitted, or would have no obligation, at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the provisions of Section 3.1(b) or
(c) or otherwise), 

  
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or (B) it has received notice (which may be by telephone or in writing) on or before the day that is seven Business Days before the Non-Extension Notice Date (1) from the Administrative
Agent that the Required Lenders have elected not to permit such extension or (2) from the Administrative Agent, any Lender or Borrower that one or more of the applicable conditions specified in Section 5.3 is not then satisfied, and
in each such case directing such Issuing Bank not to permit such extension. 
 (d) Promptly after its delivery of
any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto or to the beneficiary thereof, the applicable Issuing Bank will also deliver to the applicable Borrower and the Administrative Agent a true and
complete copy of such Letter of Credit or amendment. 
 SECTION 3.3 Drawings and Reimbursements; Funding of
Participations. 
 (a) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing
under such Letter of Credit, the applicable Issuing Bank shall notify the Borrowers and the Administrative Agent thereof. Not later than 1:00 p.m. on the date of any payment by the applicable Issuing Bank under a Letter of Credit (each such date, an
“Honor Date”), the Borrowers shall reimburse such Issuing Bank through the Administrative Agent in an amount equal to the amount of such drawing in accordance with Section 2.17. If the Borrowers fail to so reimburse such
Issuing Bank by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the Dollar Amount of the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Lender’s Pro Rata Share
thereof. In such event, the Borrowers shall be deemed to have requested a Floating Rate Advance to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in
Section 2.8 for the principal amount of an Advance, but subject to the amount of the unutilized portion of the Aggregate Commitment and the conditions set forth in Section 5.3 (and, in the case of a Dutch Borrower, such Dutch
Borrower shall, if it has not previously borrowed any Revolving Loan hereunder, be deemed to be liable for at least the minimum amount set forth in Section 2.1(d) to each Lender in respect of such requested Floating Rate Advance). Any
notice given by any Issuing Bank or the Administrative Agent pursuant to this Section 3.3(a) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect
the conclusiveness or binding effect of such notice. 
 (b) Each Lender shall upon any notice pursuant to
Section 3.3(a) make funds available (and the Administrative Agent may apply Cash Collateral provided for this purpose) for the account of the applicable Issuing Bank at the Administrative Agent’s office in an amount equal to its Pro
Rata Share of the Unreimbursed Amount not later than 2:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 3.3(c), each Lender that so makes funds available
shall be deemed to have made a Floating Rate Advance to the Borrowers in such amount (or in the case of a Dutch Borrower, the greater of such amount and such minimum amount as is specified in Section 3.3(a), if applicable). The
Administrative Agent shall remit the funds so received to the applicable Issuing Bank. 

  
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 (c) With respect to any Unreimbursed Amount that is not fully refinanced by
a Floating Rate Advance because the conditions set forth in Section 5.3 cannot be satisfied or for any other reason, the Borrowers shall be deemed to have incurred from the applicable Issuing Bank an L/C Borrowing in the amount of the
Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the rate set forth in Section 2.10. In such event, each Lender’s payment to
the Administrative Agent for the account of the applicable Issuing Bank pursuant to Section 3.3(c) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in
satisfaction of its participation obligation under this Article III (it being understood that in the case of a Dutch Borrower, such Dutch Borrower shall, if it has not previously borrowed any Revolving Loan hereunder, be deemed to be liable
for at least the minimum amount set forth in Section 2.1(d) to each Lender in respect of such L/C Borrowing). 
 (d) Until each Lender funds its Floating Rate Advance or L/C Advance pursuant to this Section 3.3 to reimburse the applicable Issuing Bank for any amount drawn under any Letter of Credit,
interest in respect of such Lender’s Pro Rata Share of such amount shall be solely for the account of such Issuing Bank. 
 (e) Each Lender’s obligation to make Floating Rate Advances or L/C Advances to reimburse the applicable Issuing Bank for amounts drawn under Letters of Credit, as contemplated by this
Section 3.3, shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against such Issuing Bank, any
Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default or Unmatured Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided,
however, that each Lender’s obligation to make Floating Rate Advances pursuant to this Section 3.3 is subject to the conditions set forth in Section 5.3. No such making of an L/C Advance shall relieve or otherwise
impair the obligation of the Borrowers to reimburse any Issuing Bank for the amount of any payment made by such Issuing Bank under any Letter of Credit, together with interest as provided herein. 

(f) If any Lender fails to make available to the Administrative Agent for the account of any Issuing Bank any amount
required to be paid by such Lender pursuant to the foregoing provisions of this Section 3.3 by the time specified in Section 2.03(c)(ii), then, without limiting the other provisions of this Agreement, such Issuing Bank shall
be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to such
Issuing Bank at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by such Issuing Bank in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees
customarily charged by such Issuing Bank in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Pro Rata Share of the Floating Rate Advance or
L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of such Issuing Bank submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be
conclusive absent manifest error. 

  
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 SECTION 3.4 Repayment of Participants. 

(a) At any time after the applicable Issuing Bank has made a payment under any Letter of Credit and has received from any
Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 3.3, if the Administrative Agent receives for the account of such Issuing Bank any payment in respect of the related Unreimbursed Amount or
interest thereon (whether directly from a Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Pro Rata Share thereof in the same funds
as those received by the Administrative Agent. 
 (b) If any payment received by the Administrative Agent for the
account of an Issuing Bank pursuant to Section 3.3(a) is required to be returned under any of the circumstances described in Section 10.5 (including pursuant to any settlement entered into by such Issuing Bank in its
discretion), each Lender shall pay to the Administrative Agent for the account of such Issuing Bank its Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is
returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

 SECTION 3.5 Obligations Absolute. The obligation of the Borrowers to reimburse each Issuing Bank for each drawing
under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following: 

(a) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan Document;

 (b) the existence of any claim, counterclaim, setoff, defense or other right that any Borrower or any
Subsidiary may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), any Issuing Bank or any other Person, whether in connection with
this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 
 (c) any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or
inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit; 

  
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 (d) waiver by any Issuing Bank of any requirement that exists for such
Issuing Bank’s protection and not the protection of any Borrower or any waiver by such Issuing Bank which does not in fact materially prejudice any Borrower; 

(e) honor of a demand for payment presented electronically even if such Letter of Credit requires that demand be in the
form of a draft; 
 (f) any payment made by such Issuing Bank in respect of an otherwise complying item presented
after the date specified as the expiration date of, or the date by which documents must be received under such Letter of Credit if presentation after such date is authorized by the UCC, the ISP or the UCP, as applicable; 

(g) any payment by such Issuing Bank under such Letter of Credit against presentation of a draft or certificate that does
not strictly comply with the terms of such Letter of Credit; or any payment made by such Issuing Bank under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors,
liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; or 

(h) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other
circumstance that might otherwise constitute a defense available to, or a discharge of, any Borrower or any Subsidiary. 
 The
applicable Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance with such Borrower’s instructions or other irregularity, such Borrower
will immediately notify the applicable Issuing Bank. Such Borrower shall be conclusively deemed to have waived any such claim against such Issuing Bank and its correspondents unless such notice is given as aforesaid. 

SECTION 3.6 Role of Issuing Bank. Each Lender and Borrower agree that, in paying any drawing under a Letter of Credit, no
Issuing Bank shall have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or
the authority of the Person executing or delivering any such document. None of the Issuing Banks, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of any Issuing Bank shall be liable to
any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or willful
misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or L/C Document. Each Borrower hereby assumes all risks of the acts or omissions of any beneficiary
or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude such Borrower’s pursuing such rights and remedies as it may have against the
beneficiary or transferee at law or under any other agreement. None of the Issuing Banks, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the Issuing Banks shall be liable or
responsible for any 

  
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of the matters described in clauses (a) through (h) of Section 3.5; provided, however, that anything in such clauses to the contrary
notwithstanding, the applicable Borrower may have a claim against the applicable Issuing Bank, and the applicable Issuing Bank may be liable to the applicable Borrower, to the extent, but only to the extent, of any direct, as opposed to
consequential or exemplary, damages suffered by such Borrower which such Borrower proves were caused by such Issuing Bank’s willful misconduct or gross negligence or such Issuing Bank’s willful failure to pay under any Letter of Credit
after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, each Issuing Bank may accept documents
that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary, and no Issuing Bank shall be responsible for the validity or sufficiency of any instrument
transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. Each Issuing Bank may send a
Letter of Credit or conduct any communication to or from the beneficiary via the Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) message or overnight courier, or any other commercially reasonable means of
communicating with a beneficiary. 
 SECTION 3.7 Applicability of ISP and UCP; Limitation of Liability. Unless
otherwise expressly agreed by the applicable Issuing Bank and the applicable Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), (i) the rules of the ISP shall apply to each
standby Letter of Credit, and (ii) the rules of the UCP shall apply to each commercial Letter of Credit. Notwithstanding the foregoing, no Issuing Bank shall be responsible to any Borrower for, and no Issuing Bank’s rights and remedies
against any Borrower shall be impaired by, any action or inaction of any Issuing Bank required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the
Requirement of Law or any order of a jurisdiction where such Issuing Bank or the beneficiary is located, the practice stated in the ISP or UCP, as applicable, or in the decisions, opinions, practice statements, or official commentary of the ICC
Banking Commission, the Bankers Association for Finance and Trade–International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law
or practice. 
 SECTION 3.8 Letter of Credit Fees. The Borrowers agree to pay: 

(a) quarterly, in arrears on each Payment Date, to the Administrative Agent for the ratable benefit of the Lenders, a letter of credit fee
at a rate per annum equal to the Applicable L/C Fee Percentage for Performance Letters of Credit and Financial Letters of Credit, as applicable, on the average daily outstanding Dollar Amount available for drawing under all Performance Letters of
Credit and Financial Letters of Credit, respectively; provided, however, that for purposes of computing the average daily outstanding Dollar Amount available for drawing under all Letters of Credit, to the extent any Escalating L/C is then issued
and outstanding, the letter of credit fee shall be calculated based on the maximum Dollar Amount (after giving effect to all possible increases) available to be drawn thereunder; 

  
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 (b) directly to each Issuing Bank for its own account, in Dollars, a fronting fee (i) with
respect to each commercial Letter of Credit, at a rate separately agreed between the Company and such Issuing Bank, computed on the Dollar Amount of the stated amount of such Letter of Credit, and payable upon the issuance thereof, (ii) with
respect to any amendment of a commercial Letter of Credit increasing the amount of such Letter of Credit, at a rate separately agreed between the Company and such Issuing Bank, computed on the Dollar Amount of the amount of such increase, and
payable upon the effectiveness of such amendment, and (iii) with respect to each standby Letter of Credit, at 0.15% per annum, computed on the Dollar Amount of the daily amount available to be drawn under such Letter of Credit on a
quarterly basis in arrears; such fronting fee shall be due and payable on each Payment Date, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand.
For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 3.11; and 

(c) directly to each applicable Issuing Bank for its own account, the customary issuance, presentation, amendment and other processing
fees, and other standard costs and charges, of such Issuing Bank relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable. 

SECTION 3.9 Conflict with L/C Documents. In the event of any conflict between the terms hereof and the terms of any L/C
Document, the terms hereof shall control. 
 SECTION 3.10 Letters of Credit Issued for Subsidiaries. Notwithstanding
that a Letter of Credit deemed issued or outstanding under Section 3.1(a)(ii) is in support of any obligations of, or is for the account of, a Subsidiary that is not a Subsidiary Borrower, the Borrowers shall be obligated to reimburse
the applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrowers hereby acknowledge that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrowers, and that the
Borrowers’ business derives substantial benefits from the businesses of such Subsidiaries. 
 SECTION 3.11 Letter
of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, however, that with respect to any
Letter of Credit that, by its terms or the terms of any L/C Document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of
such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time; provided, further that without limiting the generality of the immediately preceding proviso, at any
time the amount or stated amount of a Letter of Credit denominated in a currency other than Dollar shall be deemed to be the Dollar Amount of such stated amount at such time. 
 SECTION 3.12 Market Disruption. Notwithstanding the satisfaction of all conditions referred to in Article II, Article III and Article V with respect to any
Letter of Credit to be issued in any Agreed Currency other than Dollars, if there shall occur on or prior to the date of issuance of such Letter of Credit any Market Disruption, then the Administrative Agent shall forthwith give notice thereof to
the Borrowers, the Issuing Banks and the Lenders, and such 

  
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Letter of Credit shall not be denominated in such Agreed Currency but shall be made on the date of issuance of such Letter of Credit in Dollars, in a face amount equal to the Dollar Amount of the
face amount specified in the related request or application for such Letter of Credit, unless the applicable Borrower notifies the Administrative Agent at least one Business Day before such date that (i) it elects not to request the issuance of
such Letter of Credit on such date or (ii) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be, in which the denomination of such Letter of Credit would in the opinion of the applicable
Issuing Bank, the Administrative Agent and the Required Lenders be practicable and in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may be.

 SECTION 3.13 Controlled Account. 
 (a) Certain Credit Support Events. If (i) Section 2.4(b)(ii), 2.4(b)(iii) or 2.22(c)(ii) so requires, (ii) an Issuing Bank has honored any full or partial
drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, (iii) as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, or (iv) the Borrowers shall be required
to provide Cash Collateral pursuant to Section 9.1, the Borrowers shall immediately (in the case of clause (iv) above) or within one Business Day (in all other cases) following any request by the Administrative Agent or such Issuing
Bank, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to Section 2.22(c)(ii), after giving effect to Section 2.22(c)(i)
and any Cash Collateral provided by the Defaulting Lender). The amount of Cash Collateral provided pursuant to Section 2.22(d) or 3.1(c)(iv) shall be the amount described in clause (a) of the definition of Minimum Collateral
Amount (determined after giving effect to Section 2.22(c)(i) and any Cash Collateral provided by the Defaulting Lender). 
 (b) Grant of Security Interest. Each Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grants to (and subjects to the control of) the Administrative
Agent, for the benefit of the Administrative Agent, each applicable Issuing Bank and the Lenders, and agrees to maintain, a first priority security interest in all such cash, deposit accounts and all balances therein, and all other property so
provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant to Section 3.13(c). If at any time the Administrative Agent
determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent or the applicable Issuing Bank as herein provided, or that the total amount of such Cash Collateral is less than the Minimum
Collateral Amount, the Borrower will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency. All Cash Collateral (other than
credit support not constituting funds subject to deposit) shall be maintained in one or more blocked, non-interest bearing Controlled Accounts at BofA. The Borrowers shall pay on demand therefor from time to time all customary account opening,
activity and other administrative fees and charges in connection with the maintenance and disbursement of Cash Collateral. 

  
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 (c) Application. Notwithstanding anything to the contrary contained in this
Agreement, Cash Collateral provided under any of this Section 3.13 or Section 2.4(b)(ii), 2.4(b)(iii), 2.22(c)(ii) or 9.1 in respect of Letters of Credit shall be held and applied to the satisfaction of
the specific L/C Obligations, obligations to fund participations therein (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided,
prior to any other application of such property as may otherwise be provided for herein. 
 (d) Release. Cash Collateral
(or the appropriate portion thereof) provided to reduce L/C Exposure or to secure other obligations shall be released promptly following (i) the elimination of the applicable L/C Exposure or other obligations giving rise thereto (including by
the termination of Defaulting Lender status of the applicable Lender (or, as appropriate, its assignee following compliance with Section 14.1(b)(vi))) or (ii) the determination by the Administrative Agent and the Issuing Bank that
there exists excess Cash Collateral; provided, however, the Person providing Cash Collateral and the applicable Issuing Bank may agree that Cash Collateral shall not be released but instead held to support future anticipated L/C
Exposure or other obligations. 
 ARTICLE IV 
 CHANGE IN CIRCUMSTANCES 
 SECTION 4.1 Yield Protection.

 (a) Yield Protection. If any law or any governmental or quasi-governmental rule, regulation, policy, guideline or
directive (whether or not having the force of law) adopted after the date of this Agreement and having general applicability to all banks within the jurisdiction in which such Lender operates (excluding, for the avoidance of doubt, the effect of and
phasing in of capital requirements or other regulations or guidelines passed prior to the date of this Agreement), or any interpretation or application thereof by any Governmental Authority charged with the interpretation or application thereof, or
the compliance of any Lender therewith, 
 (i) subjects any Lender or any applicable Lending Installation to any
tax, duty, charge or withholding on or from payments due from any Borrower (excluding taxation of the overall net income of any Lender or taxation of a similar basis, which are governed by Section 2.14(e)), or changes the basis of
taxation of payments to any Lender in respect of its Commitment, Loans, its L/C Exposure, the Letters of Credit or other amounts due it hereunder, or 
 (ii) imposes or increases or deems applicable any reserve, assessment, insurance charge, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended
by, any Lender or any applicable Lending Installation (other than reserves and assessments taken into account in determining the interest rate applicable to Eurodollar Rate Loans) with respect to its Commitment, Loans, L/C Exposure or the Letters of
Credit, or 
 (iii) imposes any other condition the result of which is to increase the cost to any Lender or any
applicable Lending Installation of making, funding or maintaining its Commitment, the Loans, the L/C Exposures or the Letters of Credit or 

  
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reduces any amount receivable by any Lender or any applicable Lending Installation in connection with its Commitment, Loans or Letters of Credit, or requires any Lender or any applicable Lending
Installation to make any payment calculated by reference to the amount of Commitment, Loans or L/C Exposure held or interest received by it or by reference to the Letters of Credit, by an amount deemed material by such Lender; 

and the result of any of the foregoing is to increase the cost to that Lender of making, renewing or maintaining its Commitment, Loans, L/C Exposure, or
Letters of Credit or to reduce any amount received under this Agreement, then, within fifteen (15) days after receipt by the Company or any other Borrower of written demand by such Lender pursuant to Section 4.5, the applicable
Borrowers shall pay such Lender that portion of such increased expense incurred or reduction in an amount received which such Lender determines is attributable to making, funding and maintaining its Loans, L/C Exposure, Letters of Credit and its
Commitment. 
 (b) Non-U.S. Reserve Costs or Fees With Respect to Loans and Letters of Credit to Borrowers. If any law or
any governmental or quasi-governmental rule, regulation, policy, guideline or directive of any jurisdiction outside of the United States of America or any subdivision thereof (whether or not having the force of law), imposes or deems applicable any
reserve requirement against or fee with respect to assets of, deposits with or for the account of, or credit extended by, any Lender, any Issuing Bank or any applicable Lending Installation, and the result of the foregoing is to increase the cost to
such Lender, such Issuing Bank or applicable Lending Installation of making or maintaining its Eurodollar Loans to, or issuing a Letter of Credit in an Agreed Currency other than Dollars for the benefit of, any Borrower or its Commitment to any
Borrower or to reduce the return received by such Lender, such Issuing Bank or applicable Lending Installation in connection with such Eurodollar Loans or Letters of Credit to or for the benefit of any Borrower or Commitment to any Borrower, then,
within 15 days of demand by such Lender or such Issuing Bank, such Borrower shall pay such Lender or such Issuing Bank, as applicable, such additional amount or amounts as will compensate such Lender or such Issuing Bank for such increased cost
or reduction in amount received, provided that such Borrower shall not be required to compensate any Lender for such non-U.S. reserve costs or fees to the extent that an amount equal to such reserve costs or fees is received by such Lender as
a result of the calculation of the interest rate applicable to Eurodollar Rate Advances pursuant to clause (i)(b) of the definition of “Eurodollar Rate.” 
 SECTION 4.2 Changes in Capital Adequacy Regulations. If a Lender determines (i)(x) the amount of capital required or expected to be maintained by such Lender, any Lending Installation of
such Lender or any corporation controlling such Lender is increased as a result of a “Change” (as defined below) or (y) a Change shall impose on any Lender or any Issuing Bank or the London interbank market any other condition, cost
or expense affecting this Agreement or Eurodollar Rate Loans made by such Lender or any Letter of Credit or participation therein, and (ii) such increase in capital or imposition will result in an increase in the cost to such Lender of
maintaining its Commitment, Loans, L/C Exposure, the Letters of Credit or its obligation to make Loans hereunder, then, within fifteen (15) days after receipt by the Company or any other Borrower of written demand by such Lender pursuant to
Section 4.5, the applicable Borrowers shall pay such Lender the amount necessary to compensate for any shortfall in the rate of return on the portion of such increased capital which such Lender determines is attributable to this Agreement, its
Commitment, its Loans, its L/C Exposure, the 

  
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Letters of Credit or its obligation to make Loans hereunder (after taking into account such Lender’s policies as to capital adequacy). “Change” means the occurrence, after
the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation
or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything
herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives
promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case
be deemed to be a “Change”, regardless of the date enacted, adopted or issued. 
 SECTION 4.3 Availability of
Types of Advances. If (i) any Lender determines that maintenance of its Eurodollar Rate Loans at a suitable Lending Installation would violate any applicable law, rule, regulation or directive, whether or not having the force of law, or
(ii) the Required Lenders determine that (x) deposits of a type or maturity appropriate to match fund Eurodollar Rate Loans are not available or (y) the interest rate applicable to a Eurodollar Rate Loan does not accurately reflect
the cost of making or maintaining such an Advance, then the Administrative Agent shall suspend the availability of the affected Type of Advance and, in the case of any occurrence set forth in clause (i), require any Advances of the affected Type to
be repaid or converted into another Type. 
 SECTION 4.4 Funding Indemnification. If any payment of a Eurodollar
Rate Loan occurs on a date which is not the last day of the applicable Interest Period, whether because of acceleration, prepayment (whether voluntary or mandatory, including, without limitation, as required pursuant to Section 2.4(b)),
or otherwise (including, without limitation, as a result of the provisions of Section 2.5(b)), or a Eurodollar Rate Loan is not made, converted or continued on the date specified by the applicable Borrower for any reason other than
default by the Lenders, or a Eurodollar Rate Loan is not prepaid on the date specified by the applicable Borrower for any reason, the Borrowers shall indemnify each Lender for any loss or cost incurred by it resulting therefrom, including, without
limitation, any loss or cost in liquidating or employing deposits acquired to fund or maintain the Eurodollar Rate Loan. 

SECTION 4.5 Lender Statements; Survival of Indemnity. If reasonably possible, each Lender shall designate an alternate
Lending Installation with respect to its Eurodollar Rate Loan to reduce any liability of any Borrower to such Lender under Sections 4.1 and 4.2 or to avoid the unavailability of a Type of Advance under Section 4.3, so
long as such designation is not, in the judgment of the Lender, disadvantageous to such Lender. Each Lender shall deliver a written statement of such Lender to the Company (with a copy to the Administrative Agent) as to the amount due, if any, under
Sections 2.14(e), 4.1, 4.2 or 4.4 and shall set forth in reasonable detail the calculations upon which such Lender determined such amount and shall be prima facie evidence thereof and binding on the Borrowers in the
absence of manifest error. Determination of amounts payable under such Sections in connection with a Eurodollar Rate Loan shall be calculated as though each Lender funded its Eurodollar Rate Loan through the purchase of a deposit of the type and
maturity corresponding to the deposit used as a 

  
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reference in determining the Eurodollar Rate applicable to such Loan, whether in fact that is the case or not. Unless otherwise provided herein, the amount specified in the written statement of
any Lender shall be payable on demand after receipt by the applicable Borrower of such statement. The obligations of the Company and the other Borrowers under Sections 2.14(e), 4.1, 4.2 and 4.4 shall survive payment of
the Obligations and termination of this Agreement. 
 ARTICLE V 

CONDITIONS PRECEDENT 
 SECTION 5.1 Initial Advances and Letters of Credit. The Lenders shall not be required to make Loans or issue any Letters of Credit on the Transaction Closing Date unless: 

(a) On or prior to the Closing Date, the Borrowers shall have furnished to the Administrative Agent
each of the following, with sufficient copies (if applicable) for the Lenders, all in form and substance satisfactory to the Administrative Agent and the Lenders: 1 
 (i) Counterparts of this Agreement and to the extent requested by any Lender at least five Business Days prior to the Closing Date, a promissory note in substantially the form of Exhibit I issued to
such Lender, in each case duly executed by each party hereto or thereto; 
 (ii) Counterparts of the Subsidiary
Guaranty duly executed by each party thereto; 
 (iii) Copies of the Certificate of Incorporation or comparable
charter documents of each of the Borrowers and the Initial Material Subsidiaries as of the Closing Date, together with all amendments and a certificate of good standing, both certified as of a recent date by the appropriate governmental officer in
its jurisdiction of incorporation; 
 (iv) Copies, certified by the Secretary or Assistant Secretary of each of
the Borrowers and the Initial Material Subsidiaries of their respective By-Laws or comparable governance documents and of their respective Board of Directors’ resolutions authorizing the execution of the Loan Documents entered into by it;

 (v) An incumbency certificate, executed by the Secretary or Assistant Secretary of each of the Borrowers and
the Initial Material Subsidiaries, which shall identify by name and title and bear the signature of the officers of the applicable Borrower or Initial Material Subsidiary authorized to sign the Loan Documents and, of the applicable Borrower to make
borrowings hereunder, upon which certificate the Lenders shall be entitled to rely until informed of any change in writing by the Company; 
  

 

	1 	 Clauses (ii) through (viii) to be moved to Section 5.1(b) in part or in full to the extent any such clause would delay signing from the
appointed date. 



  
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 (vi) The written opinions of the Assistant General Counsel of the Borrowers
and the Initial Material Subsidiaries, of the Company’s Dutch counsel, and of the Borrowers’ and the Initial Material Subsidiaries’ outside counsels, addressed to the Administrative Agent and the Lenders, in substantially the forms
attached hereto as Exhibit E-1, Exhibit E-2 and Exhibit E-4, respectively; and 
 (vii) (A) As soon as
available and in any event within 90 days (or such shorter period as shall be required by the Securities and Exchange Commission) after the end of the fiscal year ending August 31, 2012, the consolidated balance sheet of The Shaw Group Inc. as
of the end of such fiscal year and related consolidated statements of operations, cash flows and shareholders’ equity, in each case audited by KPMG LLP; and (B) as soon as available and in any event within 45 days after the end of each
fiscal quarter after (1) the fiscal year ended August 31, 2011, an unaudited balance sheet and related statements of operations and cash flows of The Shaw Group Inc. for such fiscal quarter and for the elapsed period of the then-current
fiscal year and for the comparable periods of the prior fiscal year and (2) the fiscal year ended December 31, 2011, an unaudited balance sheet and related statements of operations and cash flows of the Company for such fiscal quarter and
for the elapsed period of the then-current fiscal year and for the comparable periods of the prior fiscal year; and 
 (viii) The Borrowers and each of the Guarantors shall have provided the documentation and other information to the Administrative Agents that are required under applicable “know-your-customer”
rules and regulations, including the Act, and requested by the Administrative Agent, at least five business days prior to the Closing Date; and 
 (b) On or prior to the Transaction Closing Date, the following shall have occurred and in the case of clauses (i) through (iii) the Borrowers shall have furnished to the Administrative Agent,
with sufficient copies (if applicable) for the Lenders, all in form and substance acceptable to the Administrative Agent and the Lenders: 
 (i) The occurrence of each of the following (which occurrence shall be certified in a certificate, in form and substance reasonably satisfactory to the Administrative Agent, by an Authorized Officer of
the Company): (A) the representations and warranties made by or on behalf of The Shaw Group Inc. in the Transaction Agreement and which are material to the interests of the Lenders (in their capacities as such) shall be true and correct in all
material respects (or, with respect to representations already qualified by concepts of materiality, in all respects) as of the Transaction Closing Date, but only to the extent that the Company has the right to terminate its obligations under the
Transaction Agreement or to decline to consummate the Shaw Acquisition as a result of a breach of such representations and warranties in the Transaction Agreement; (B) the Shaw Acquisition shall have been, or concurrently with the initial
funding of the Loans and the initial issuance of Letters of Credit shall be, consummated in accordance with the terms of the Transaction Agreement, without giving effect to any amendment, modification, waiver or consent thereunder by the Company or
any of its affiliates that is materially adverse to the interests of the Lenders (in their capacities as such) unless such amendment or modification is approved by the Arrangers 

  
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(which approval shall not be unreasonably withheld or delayed); provided, that any change in purchase price or any waiver or modification of (1) the condition that NEH shall have
validly exercised its put rights with respect to all of the Holdco Shares (as defined in the Transaction Agreement) under the put options agreements dated October 13, 2006 (the “Put Options Agreements”) on or prior to
October 6, 2012 or (2) the condition that the E&C Sale (as defined in the Transaction Agreement) shall have been consummated in accordance with the terms and conditions of the E&C Agreement (as defined in the Transaction Agreement
as of the date hereof), shall be deemed to be materially adverse to the Lenders; provided further that any Permitted Transaction Agreement Amendment (as defined in the Fee Letter) shall be deemed not to be materially adverse to the Lenders;
(C) since the date of the Transaction Agreement, there shall not have been any event, occurrence, state of facts, circumstance, condition, effect or change that has had or would be reasonably likely to have, individually or in the aggregate, a
Shaw Material Adverse Effect; and (D) the representations and warranties contained in Sections 6.1(i), 6.2(a), 6.2(b), 6.2(c)(i), 6.3(i), 6.11, 6.15, 6.20, 6.21, 6.22 and
6.23 are true and correct as of such date; 
 (ii) (A) As soon as available and in any event within 90
days (or such shorter period as shall be required by the Securities and Exchange Commission) after the end of the fiscal year ending December 31, 2012 (if the Transaction Closing Date has not occurred at that time), the consolidated balance
sheet of the Company as of the end of such fiscal year and related consolidated statements of operations, cash flows and shareholders’ equity, in each case audited by Ernst & Young LLP; and (B) a pro forma balance sheet and
related statement of operations of the Company for the latest four-quarter period ended at least 45 days before the Transaction Closing Date, prepared after giving effect to the Transaction as if the Transaction had occurred as of such date (in the
case of such balance sheet) or at the beginning of such period (in the case of such other statements of operations) (the “Pro Forma Financial Statements”), all of which financial statements shall be prepared in accordance with
generally accepted accounting principles in the United States and meet the requirements of Regulation S-X under the Securities Act and all other accounting rules and regulations of the Securities and Exchange Commission promulgated thereunder
applicable to a registration statement under the Securities Act on Form S-1 (excluding Rule 3-09, 3-10 and 3-16 of Regulation S-X but including disclosures that would allow investors to understand the materiality of the guarantors, non-guarantors,
non-consolidated entities and subsidiaries whose stock is pledged); 
 (iii) The occurrence of each of the
following (which occurrence shall be certified in a certificate of the chief financial officer of the Company, including calculations in reasonable detail): (A) immediately after giving effect to the Transaction, on a pro forma basis the
Leverage Ratio will be no more than 3.25:1.00, (B) the Pro Forma Financial Statements were prepared in good faith on the basis of the assumptions stated therein, which assumptions are fair in light of the then existing conditions and
(C) The Shaw Group Inc. shall have unrestricted cash on hand, as of the Transaction Closing Date immediately prior to giving effect to the Shaw Acquisition, of not less than $800.0 million; and 

  
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 (iv) All fees due to the Administrative Agent, the Arrangers and the Lenders
under the Fee Letter, and all expenses to be paid or reimbursed to the Administrative Agent and the Arrangers that have been invoiced a reasonable period of time prior to the Transaction Closing Date shall have been paid, in each case, from the
proceeds of the initial funding under the applicable Transaction Facilities. 
 SECTION 5.2 Initial Advance to Each New
Subsidiary Borrower. No Lender shall be required to make an Advance hereunder or purchase participations in Letters of Credit, no Issuing Bank shall be required to issue a Letter of Credit hereunder, in each case, to a new Subsidiary Borrower
added after the Transaction Closing Date unless the Company has furnished or caused to be furnished to the Administrative Agent with sufficient copies for the Lenders: 

(a) The Assumption Letter executed and delivered by such Subsidiary Borrower and containing the written consent and
guarantee affirmation of each other Loan Party at the foot thereof, as contemplated by Section 2.20; 

(b) Copies, certified by the Secretary, Assistant Secretary, Director or Officer of such Subsidiary Borrower and each
other Loan Party, of its Board of Directors’ resolutions (and/or resolutions of other bodies, if any are deemed necessary by the Administrative Agent), or other evidence of approval reasonably acceptable to the Administrative Agent, approving
the Assumption Letter; 
 (c) An incumbency certificate, executed by the Secretary, Assistant Secretary, Director
or Officer of the Subsidiary Borrower, which shall identify by name and title and bear the signature of the officers of such Subsidiary Borrower authorized to sign the Assumption Letter and the other documents to be executed and delivered by such
Subsidiary Borrower hereunder, upon which certificate the Administrative Agent and the Lenders shall be entitled to rely until informed of any change in writing by the Company; 

(d) An opinion of counsel to such Subsidiary Borrower, substantially in the form of Exhibit E-4 hereto or, in the
case of a new non-domestic Subsidiary Borrower, in a form reasonably acceptable to the Administrative Agent; 

(e) Guaranty documentation, if applicable, from such Subsidiary Borrower in form and substance acceptable to the
Administrative Agent as required pursuant to Section 7.2(k); 
 (f) All documentation and other
information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act; and 

(g) With respect to the initial Advance or any Swing Line Loan made to, or Letter of Credit issued for the account of, any
Subsidiary Borrower organized under the laws of England and Wales (or any other jurisdiction where filings are required in order for amounts payable under this Agreement to be exempt from applicable withholding or other taxes), originals and/or
copies, as applicable, of all filings required to be made and such other evidence as the Administrative Agent may require establishing to the Administrative Agent’s satisfaction that each Lender and Issuing Bank and the Swing


  
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Line Lender is entitled to receive payments under the Loan Documents without deduction or withholding of any United Kingdom (or other applicable jurisdictions) taxes or with such deductions and
withholding of United Kingdom (or other applicable jurisdictions) taxes as may be acceptable to the Administrative Agent. 

SECTION 5.3 Each Advance and Letter of Credit after the Transaction Closing Date. After the Transaction Closing Date, the
Lenders shall not be required to make any Advance or issue or amend any Letter of Credit and no Swing Line Lender shall be required to make any Swing Line Loans hereunder, unless on the applicable Borrowing Date, or in the case of a Letter of
Credit, the date on which the Letter of Credit is to be issued or amended: 
 (a) No Defaults. There
exists no Default or Unmatured Default; 
 (b) Representations and Warranties. All of the representations
and warranties contained in Article VI are true and correct as of such Borrowing Date (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, except that for purposes of this Section 5.3, the representations and warranties contained in Sections 6.4(b) and (c) shall be deemed to refer to the most recent statements furnished pursuant to Sections
7.1(a)(ii) and (i), respectively) except for changes in the Schedules to this Agreement reflecting transactions permitted by or not in violation of this Agreement; and 

(c) Maximum Amounts. The Revolving Credit Obligations do not, and after making such proposed Advance or issuing or
amending such Letter of Credit would not, exceed the Adjusted Aggregate Commitment and the Financial Credit Obligations do not, and after making such proposed Advance or issuing or amending such Letter of Credit would not, exceed the Financial
Credit Sublimit. 
 Each Borrowing/Election Notice with respect to each such Advance and the letter of credit application with
respect to each such Letter of Credit shall constitute a representation and warranty by the Borrowers that the conditions contained in Sections 5.3(a), (b) and (c) have been satisfied. For the avoidance of doubt
and without limiting Section 5.1, the conditions set forth in Sections 5.3(a) and (b) are not conditions to the making of any Advance or issuance of any Letter of Credit on the Transaction Closing Date, and the failure
to satisfy any such conditions on or prior to the Transaction Closing Date, or the existence of any Default or Unmatured Default prior to or after the making of any Advance or issuance of any Letter of Credit on the Transaction Closing Date, shall
not give the Administrative Agent or any Lender the ability to terminate any of the Commitments on or prior to the Transaction Closing Date or to terminate or suspend the obligations of the Lenders to make Loans hereunder on the Transaction Closing
Date or the obligation of the Issuing Banks to issue Letters of Credit hereunder on the Transaction Closing Date. 

  
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 ARTICLE VI 
 REPRESENTATIONS AND WARRANTIES 
 The Company represents and warrants as
follows to each Lender and the Administrative Agent on and as of the Closing Date, the Transaction Closing Date (giving effect to the consummation of the transactions contemplated by the Loan Documents on the Transaction Closing Date), each other
day of the making of an Advance or the issuance or amendment of any Letter of Credit and each other date on which the representations and warranties in this Article are required to be made pursuant to the terms of this Agreement or any other Loan
Document: 
 SECTION 6.1 Organization; Corporate Powers. The Company and each of its Subsidiaries (i) is a
corporation, limited liability company or partnership that is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (ii) is duly qualified to do business as a foreign entity and is in good
standing under the laws of each jurisdiction in which failure to be so qualified and in good standing could not reasonably be expected to have a Material Adverse Effect, and (iii) has all requisite power and authority to own, operate and
encumber its property and to conduct its business as presently conducted and as proposed to be conducted. 
 SECTION 6.2
Authority, Execution and Delivery; Loan Documents. 
 (a) Power and Authority. Each of the Loan Parties has the
requisite power and authority (i) to execute, deliver and perform each of the Loan Documents which are to be executed by it as required by this Agreement and the other Loan Documents and (ii) to file the Loan Documents which must be filed
by it as required by this Agreement, the other Loan Documents or otherwise with any Governmental Authority. 
 (b) Execution
and Delivery. The execution, delivery, performance and filing, as the case may be, of each of the Loan Documents as required by this Agreement or otherwise and to which any Loan Party is party, and the consummation of the transactions
contemplated thereby, have been duly approved by the respective boards of directors and, if necessary, the shareholders of the applicable Loan Parties, and such approvals have not been rescinded. 

(c) Loan Documents. (i) Each of the Loan Documents to which the Company or any of its Subsidiaries is a party has been duly
executed, delivered or filed, as the case may be, by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms (except as enforceability may be limited by bankruptcy, insolvency, or similar laws
affecting the enforcement of creditors’ rights generally), is in full force and effect and (ii) no material term or condition thereof has been amended, modified or waived from the terms and conditions contained in the Loan Documents
delivered to the Administrative Agent pursuant to Section 5.1 without the prior written consent of the Required Lenders, and the Company and its Subsidiaries have, and, to the best of the Company’s and its Subsidiaries’
knowledge, all other parties thereto have, performed and complied with all the terms, provisions, agreements and conditions set forth therein and required to be performed or complied with by such parties, and no unmatured default, default or breach
of any covenant by any such party exists thereunder. 

  
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 SECTION 6.3 No Conflict; Governmental Consents. The execution, delivery and
performance of each of the Loan Documents to which each of the Loan Parties is a party do not and will not (i) conflict with the certificate or articles of incorporation or by-laws of such Loan Party, (ii) constitute a tortious
interference with any Contractual Obligation of any Person or conflict with, result in a breach of or constitute (with or without notice or lapse of time or both) a default under any Requirement of Law or Contractual Obligation of any such Loan
Party, or require termination of any Contractual Obligation, (iii) result in or require the creation or imposition of any Lien whatsoever upon any of the property or assets of the Company or any of its Subsidiaries, other than Liens permitted
or created by the Loan Documents, or (iv) require any approval of any Loan Party’s Board of Directors or shareholders except such as have been obtained. The execution, delivery and performance of each of the Loan Documents to which the
Company or any of its Subsidiaries is a party do not and will not require any registration with, consent or approval of, or notice to, or other action to, with or by any Governmental Authority, except filings, consents or notices which have been
made, obtained or given, or which, if not made, obtained or given, individually or in the aggregate could not reasonably be expected to have a Material Adverse Effect. 
 SECTION 6.4 Financial Statements. 
 (a) Pro Forma Financials.
The combined pro forma balance sheet, income statements and statements of cash flow of the Company and its Subsidiaries, copies of which have been delivered to the Administrative Agent on or before the Closing Date, present on a pro forma basis the
financial condition of the Company and such Subsidiaries as of such date, and demonstrate that the Company and its Subsidiaries can repay their debts and satisfy their other obligations as and when due, and can comply with the requirements of this
Agreement. The projections and assumptions expressed in the pro forma financials referenced in this Section 6.4(a) were prepared in good faith and represent management’s opinion based on the information available to the Company at
the time so furnished and, since the preparation thereof and up to the Transaction Closing Date, there has occurred no change in the business, financial condition, operations, or prospects of the Company or any of its Subsidiaries, or the Company
and its Subsidiaries taken as a whole, which has had or could reasonably be expected to have a Material Adverse Effect. 
 (b)
Audited Financial Statements. Complete and accurate copies of the audited financial statements and the audit reports related thereto of the Company and its consolidated Subsidiaries as at December 31, 2011 have been delivered to the
Administrative Agent and such financial statements were prepared in accordance with generally accepted accounting principles in effect on the date such statements were prepared and fairly present the consolidated financial condition and operations
of the Company and its Subsidiaries at such date and the consolidated results of their operations for the period then ended. 

(c) Interim Financial Statements. Complete and accurate copies of the unaudited financial statements of the Company and its
consolidated Subsidiaries as at March 31, 2012, June 30, 2012, September 30, 2012 and (if the representations and warranties contained in this Section 6.4(c) are made more than 60 days after December 31,
2012) December 31, 2012 have been delivered to the Administrative Agent and such financial statements were prepared in accordance with generally accepted accounting principles in effect on the date such statements


  
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were prepared and fairly present the consolidated financial condition and operations of the Company and its Subsidiaries at such date and the consolidated results of their operations for the
period then ended, subject to normal year-end audit adjustments. 
 SECTION 6.5 No Material Adverse Change. Since
December 31, 2011, there has occurred no change in the business, properties, condition (financial or otherwise), performance, results of operations or prospects of the Company, any other Borrower or the Company and its Subsidiaries taken as a
whole, or any other event which has had or could reasonably be expected to have a Material Adverse Effect. 
 SECTION 6.6
Taxes. 
 (a) Tax Examinations. All deficiencies which have been asserted against the Company or any of the
Company’s Subsidiaries as a result of any federal, state, local or foreign tax examination for each taxable year in respect of which an examination has been conducted have been fully paid or finally settled or are being contested in good faith,
and no issue has been raised by any taxing authority in any such examination which, by application of similar principles, could reasonably be expected to result in assertion by such taxing authority of a material deficiency for any other year not so
examined which has not been reserved for in the Company’s consolidated financial statements to the extent, if any, required by Agreement Accounting Principles. Except as permitted pursuant to Section 7.2(d), neither the Company nor
any of the Company’s Subsidiaries anticipates any tax liability with respect to the years which have not been closed pursuant to applicable law. 
 (b) Payment of Taxes. All material tax returns and reports of the Company and its Subsidiaries required to be filed have been timely filed, and all taxes, assessments, fees and other governmental
charges thereupon and upon their respective property, assets, income and franchises which are shown in such returns or reports to be due and payable have been paid except those items which are being contested in good faith and have been reserved for
in accordance with Agreement Accounting Principles. The Company has no knowledge of any proposed tax assessment against it or any of its Subsidiaries that will have or could reasonably be expected to have a Material Adverse Effect. 

SECTION 6.7 Litigation; Loss Contingencies and Violations. Other than as identified on Schedule 6.7, there is no action,
suit, proceeding, arbitration or, to the Company’s knowledge, investigation before or by any Governmental Authority or private arbitrator pending or, to the Company’s knowledge, threatened against or affecting the Company or any of its
Subsidiaries or any property of any of them, including, without limitation, any such actions, suits, proceedings, arbitrations and investigations disclosed in the Company’s SEC Forms 10-K and 10-Q (the “Disclosed Litigation”),
which (i) challenges the validity or the enforceability of any material provision of the Loan Documents or (ii) has or could reasonably be expected to have a Material Adverse Effect. There is no material loss contingency within the meaning
of Agreement Accounting Principles which has not been reflected in the consolidated financial statements of the Company prepared and delivered pursuant to Section 7.1(a) for the fiscal period during which such material loss contingency
was incurred. Neither the Company nor any of its Subsidiaries is (A) in violation of any applicable Requirements of Law which violation could reasonably be expected to have a Material Adverse Effect, or (B) subject to or in default with
respect to any final judgment, writ, injunction, restraining order or order of any nature, decree, rule or regulation of any court or Governmental Authority which could reasonably be expected to have a Material Adverse Effect. 

  
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 SECTION 6.8 Subsidiaries. As of the date hereof, schedule 6.8 to this
Agreement (i) contains a description of the corporate structure of the Company, its Subsidiaries and any other Person in which the Company or any of its Subsidiaries holds an Equity Interest; and (ii) accurately sets forth (A) the
correct legal name, the jurisdiction of incorporation and the jurisdictions in which each of the Company and the direct and indirect Subsidiaries of the Company are qualified to transact business as a foreign corporation, (B) the authorized,
issued and outstanding shares of each class of Capital Stock of each of the Company’s Foreign Subsidiaries and the owners of such shares (both as of the Closing Date and on a fully-diluted basis), and (C) a summary of the direct and
indirect partnership, joint venture, or other Equity Interests, if any, of the Company and each of its Subsidiaries in any Person. As of the date hereof, except as disclosed on Schedule 6.8, none of the issued and outstanding Capital Stock of
the Company’s Foreign Subsidiaries is subject to any vesting, redemption, or repurchase agreement, and there are no warrants or options outstanding with respect to such Capital Stock. The outstanding Capital Stock of each of the Company’s
Subsidiaries is duly authorized, validly issued, fully paid and nonassessable and is not Margin Stock. 
 SECTION 6.9
ERISA. No Benefit Plan has incurred any material accumulated funding deficiency (as defined in Sections 302(a)(2) of ERISA and 412(a) of the Code) whether or not waived except as set forth on Schedule 6.9. Neither the Company nor any
member of the Controlled Group has incurred any material liability to the PBGC which remains outstanding other than the payment of premiums. As of the last day of the most recent prior plan year, the market value of assets under each Benefit Plan,
other than any Multiemployer Plan, was not by a material amount less than the present value of benefit liabilities thereunder (determined in accordance with the actuarial valuation assumptions described therein). Neither the Company nor any member
of the Controlled Group has (i) failed to make a required contribution or payment to a Multiemployer Plan of a material amount or (ii) incurred a material complete or partial withdrawal under Section 4203 or Section 4205 of ERISA
from a Multiemployer Plan. Neither the Company nor any member of the Controlled Group has failed to make an installment or any other payment of a material amount required under Section 412 of the Code on or before the due date for such
installment or other payment. Each Plan, Foreign Employee Benefit Plan and Non-ERISA Commitment complies in all material respects in form, and has been administered in all material respects in accordance with its terms and in accordance with all
applicable laws and regulations, including but not limited to ERISA and the Code. There have been no and there is no prohibited transaction described in Sections 406 of ERISA or 4975 of the Code with respect to any Plan for which a statutory or
administrative exemption does not exist which could reasonably be expected to subject the Company or any of its Subsidiaries to material liability. Neither the Company nor any member of the Controlled Group has taken or failed to take any action
which would constitute or result in a Termination Event, which action or inaction could reasonably be expected to subject the Company or any of its Subsidiaries to material liability. Neither the Company nor any member of the Controlled Group is
subject to any material liability under, or has any potential material liability under, Section 4063, 4064, 4069, 4204 or 4212(c) of ERISA. The present value of the aggregate liabilities to provide all of the accrued benefits under any Foreign
Pension Plan do not exceed the current fair market value of 

  
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the assets held in trust or other funding vehicle for such plan by a material amount except as set forth on Schedule 6.9. With respect to any Foreign Employee Benefit Plan other than a Foreign
Pension Plan, reasonable reserves have been established in accordance with prudent business practice or where required by ordinary accounting practices in the jurisdiction in which such plan is maintained. Except as set forth on Schedule 6.9,
neither the Company nor any other member of the Controlled Group has taken or failed to take any action, nor has any event occurred, with respect to any “employee benefit plan” (as defined in Section 3(3) of ERISA) which action,
inaction or event could reasonably be expected to subject the Company or any of its Subsidiaries to material liability. For purposes of this Section 6.9, “material” means any amount, noncompliance or other basis for
liability which could reasonably be expected to subject the Company or any of its Subsidiaries to liability, individually or in the aggregate with each other basis for liability under this Section 6.9, in excess of $20,000,000.

 SECTION 6.10 Accuracy of Information. The information, exhibits and reports furnished by or on behalf of the
Company and any of its Subsidiaries to the Administrative Agent or to any Lender in connection with the negotiation of, or compliance with, the Loan Documents, the representations and warranties of the Company and its Subsidiaries contained in the
Loan Documents, and all certificates and documents delivered to the Administrative Agent and the Lenders pursuant to the terms thereof, taken as a whole, do not contain as of the date furnished any untrue statement of a material fact or omit to
state a material fact necessary in order to make the statements contained herein or therein, in light of the circumstances under which they were made, not misleading. 
 SECTION 6.11 Securities Activities. Neither the Company nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the
purpose of purchasing or carrying Margin Stock. Margin Stock constitutes less than 25% of the value of those assets of the Company and its Subsidiaries which are subject to any limitation on sale, pledge, or other restriction hereunder. 

SECTION 6.12 Material Agreements. Neither the Company nor any of its Subsidiaries is a party to any Contractual Obligation or
subject to any charter or other corporate restriction which individually or in the aggregate has had or could reasonably be expected to have a Material Adverse Effect. Neither the Company nor any of its Subsidiaries has received notice or has
knowledge that (i) it is in default in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any Contractual Obligation applicable to it, or (ii) any condition exists which, with the
giving of notice or the lapse of time or both, would constitute a default with respect to any such Contractual Obligation, in each case, except where such default or defaults, if any, individually or in the aggregate could not reasonably be expected
to have a Material Adverse Effect. 
 SECTION 6.13 Compliance with Laws. The Company and its Subsidiaries are in
compliance with all Requirements of Law applicable to them and their respective businesses, in each case where the failure to so comply individually or in the aggregate could reasonably be expected to have a Material Adverse Effect. 

  
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 SECTION 6.14 Assets and Properties. The Company and each of its Subsidiaries has
good and marketable title to all of its material assets and properties (tangible and intangible, real or personal) owned by it or a valid leasehold interest in all of its material leased assets (except insofar as marketability may be limited by any
laws or regulations of any Governmental Authority affecting such assets), and all such assets and property are free and clear of all Liens, except Liens permitted under Section 7.3(c). Substantially all of the assets and properties owned
by, leased to or used by the Company and/or each such Subsidiary of the Company are in adequate operating condition and repair, ordinary wear and tear excepted. Neither this Agreement nor any other Loan Document, nor any transaction contemplated
under any such agreement, will affect any right, title or interest of the Company or such Subsidiary in and to any of such assets in a manner that could reasonably be expected to have a Material Adverse Effect. 

SECTION 6.15 Statutory Indebtedness Restrictions. Neither the Company nor any of its Subsidiaries is subject to regulation
under the Federal Power Act, the Investment Company Act of 1940, or any other foreign, federal or state statute or regulation which limits its ability to incur indebtedness or its ability to consummate the transactions contemplated hereby.

 SECTION 6.16 Insurance. The insurance policies and programs in effect with respect to the respective properties,
assets, liabilities and business of the Company and its Subsidiaries reflect coverage that is reasonably consistent with prudent industry practice. 
 SECTION 6.17 Environmental Matters. 
 (a) Environmental
Representations. Except as disclosed on Schedule 6.17 to this Agreement: 
 (i) the operations of the
Company and its Subsidiaries comply in all material respects with Environmental, Health or Safety Requirements of Law; 
 (ii) the Company and its Subsidiaries have all material permits, licenses or other authorizations required under Environmental, Health or Safety Requirements of Law and are in material compliance with
such permits; 
 (iii) neither the Company, any of its Subsidiaries nor any of their respective present property
or operations, or, to the Company’s or any of its Subsidiaries’ knowledge, any of their respective past property or operations, are subject to or the subject of, any investigation known to the Company or any of its Subsidiaries, any
judicial or administrative proceeding, order, judgment, decree, settlement or other agreement respecting: (A) any material violation of Environmental, Health or Safety Requirements of Law; (B) any remedial action; or (C) any material
claims or liabilities arising from the Release or threatened Release of a Contaminant into the environment; 

(iv) there is not now, nor to the Company’s or any of its Subsidiaries’ knowledge has there ever been, on or in
the property of the Company or any of its Subsidiaries any landfill, waste pile, underground storage tanks, aboveground storage tanks, surface impoundment or hazardous waste storage facility of any kind, any polychlorinated biphenyls (PCBs) used in
hydraulic oils, electric transformers or other equipment, or any asbestos containing material; and 

  
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 (v) neither the Company nor any of its Subsidiaries has any material
Contingent Obligation in connection with any Release or threatened Release of a Contaminant into the environment. 
 (b)
Materiality. For purposes of this Section 6.17 “material” means any noncompliance or basis for liability which could reasonably be likely to subject the Company or any of its Subsidiaries to liability, individually or in
the aggregate, in excess of $20,000,000. 
 SECTION 6.18 Representations and Warranties of each Subsidiary Borrower.
Each Subsidiary Borrower represents and warrants to the Lenders that: 
 (a) Organization and Corporate
Powers. Such Subsidiary Borrower (i) is a company duly formed and validly existing and in good standing under the laws of the state or country of its organization (such jurisdiction being hereinafter referred to as the “Home
Country”) and (ii) has the requisite power and authority to own its property and assets and to carry on its business substantially as now conducted except where the failure to have such requisite authority would not reasonably be
expected to have a Material Adverse Effect. 
 (b) Binding Effect. Each Loan Document executed by such
Subsidiary Borrower is the legal, valid and binding obligation of such Subsidiary Borrower enforceable in accordance with its respective terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the
enforcement of creditors’ rights generally and general equitable principles. 
 (c) No Conflict;
Government Consent. Neither the execution and delivery by such Subsidiary Borrower of the Loan Documents to which it is a party, nor the consummation by it of the transactions therein contemplated to be consummated by it, nor compliance by such
Subsidiary Borrower with the provisions thereof will violate any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on such Subsidiary Borrower or any of its Subsidiaries or such Subsidiary Borrower’s or any of
its Subsidiaries’ memoranda or articles of association or the provisions of any indenture, instrument or agreement to which such Subsidiary Borrower or any of its Subsidiaries is a party or is subject, or by which it, or its property, is bound,
or conflict with or constitute a default thereunder, or result in the creation or imposition of any lien in, of or on the property of such Subsidiary Borrower or any of its Subsidiaries pursuant to the terms of any such indenture, instrument or
agreement in any such case which violation, conflict, default, creation or imposition would not reasonably be expected to have a Material Adverse Effect. No order, consent, approval, license, authorization, or validation of, or filing, recording or
registration with, or exemption by, any Governmental Authority is required to authorize, or is required in connection with the execution, delivery and performance of, or the legality, validity, binding effect or enforceability of, any of the Loan
Documents, except for such as have been obtained or made. 
 (d) Filing. To ensure the enforceability or
admissibility in evidence of this Agreement and each Loan Document to which such Subsidiary Borrower is a party in its Home Country, it is not necessary that this Agreement or any other Loan Document to


  
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which such Subsidiary Borrower is a party or any other document be filed or recorded with any court or other authority in its Home Country or that any stamp or similar tax be paid to or in
respect of this Agreement or any other Loan Document of such Subsidiary Borrower. The qualification by any Lender or the Administrative Agent for admission to do business under the laws of such Subsidiary Borrower’s Home Country does not
constitute a condition to, and the failure to so qualify does not affect, the exercise by any Lender or the Administrative Agent of any right, privilege, or remedy afforded to any Lender or the Administrative Agent in connection with the Loan
Documents to which such Subsidiary Borrower is a party or the enforcement of any such right, privilege, or remedy against Subsidiary Borrower. The performance by any Lender or the Administrative Agent of any action required or permitted under the
Loan Documents will not (i) violate any law or regulation of such Subsidiary Borrower’s Home Country or any political subdivision thereof, (ii) result in any tax or other monetary liability to such party pursuant to the laws of such
Subsidiary Borrower’s Home Country or political subdivision or taxing authority thereof (provided that, should any such action result in any such tax or other monetary liability to the Lender or the Administrative Agent, the Borrowers
hereby agree to indemnify such Lender or the Administrative Agent, as the case may be, against (x) any such tax or other monetary liability and (y) any increase in any tax or other monetary liability which results from such action by such
Lender or the Administrative Agent and, to the extent the Borrowers make such indemnification, the incurrence of such liability by the Administrative Agent or any Lender will not constitute a Default) or (iii) violate any rule or regulation of
any federation or organization or similar entity of which the such Subsidiary Borrower’s Home Country is a member. 
 (e) No Immunity. Neither such Subsidiary Borrower nor any of its assets is entitled to immunity from suit, execution, attachment or other legal process. Such Subsidiary Borrower’s execution
and delivery of the Loan Documents to which it is a party constitute, and the exercise of its rights and performance of and compliance with its obligations under such Loan Documents will constitute, private and commercial acts done and performed for
private and commercial purposes. 
 (f) Application of Representations and Warranties. It is understood
and agreed by the parties hereto that the representations and warranties of each Subsidiary Borrower in this Section 6.18 shall only be applicable to such Subsidiary Borrower on and after the date of its execution of an Assumption
Letter. 
 SECTION 6.19 Benefits. Each of the Company and its Subsidiaries will benefit from the financing
arrangement established by this Agreement. The Administrative Agent and the Lenders have stated and the Company acknowledges that, but for the agreement by each of the Subsidiary Guarantors to execute and deliver the Subsidiary Guaranty, the
Administrative Agent and the Lenders would not have made available the credit facilities established hereby on the terms set forth herein. 
 SECTION 6.20 Solvency. After giving effect to (a) the Loans to be made, and the Letters of Credit to be issued, on the Transaction Closing Date or such other date as Loans or Letters of
Credit requested hereunder are made or issued (as applicable), (b) the other transactions contemplated by this Agreement and the other Loan Documents and (c) the payment and accrual of all transaction costs with respect to the foregoing,
the Company and its Subsidiaries taken as a whole are Solvent. 

  
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 SECTION 6.21 OFAC. No Loan Party, nor, to the knowledge of any Loan Party, any
Related Party, (i) is currently the subject of any Sanctions, (ii) is located, organized or residing in any Designated Jurisdiction, or (iii) is or has been (within the previous five (5) years) engaged in any transaction with any
Person who is now or was then the subject of Sanctions or who is located, organized or residing in any Designated Jurisdiction. No Loan, nor the proceeds from any Loan, has been used, directly or indirectly, to lend, contribute, provide or has
otherwise made available to fund any activity or business in any Designated Jurisdiction or to fund any activity or business of any Person located, organized or residing in any Designated Jurisdiction or who is the subject of any Sanctions, or in
any other manner that will result in any violation by any Person (including any Lender, any Arranger, the Administrative Agent or any Issuing Bank) of Sanctions. 
 SECTION 6.22 PATRIOT Act. Each of the Loan Parties and their respective Subsidiaries are in compliance, in all material respects, with (a) the Trading with the Enemy Act, as amended, and
each of the foreign assets control regulations of the United States Treasury Department (31 CFR Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto and (b) the Act. 

SECTION 6.23 Senior Indebtedness. The Obligations are “Designated Senior Debt”, “Senior Debt”,
“Senior Indebtedness”, “Guarantor Senior Debt” or “Senior Financing” (or any comparable term) under, and as defined in, any indenture, instrument or document governing any Indebtedness of any Loan Party subordinated to
the Obligations. 
 ARTICLE VII 
 COVENANTS 
 The Company covenants and agrees that on the Closing Date, and
on and after the Transaction Closing Date, so long as any Commitments are outstanding and thereafter until all of the Termination Conditions have been satisfied, unless the Required Lenders shall otherwise give prior written consent: 

SECTION 7.1 Reporting. The Company shall: 
 (a) Financial Reporting. Furnish to the Administrative Agent (for delivery to each of the Lenders): 
 (i) Quarterly Reports. As soon as practicable and in any event within forty-five (45) days after the end of each of (a) the first three quarterly periods of each of its fiscal years, the
consolidated balance sheet of the Company and its Subsidiaries as at the end of such period and the related consolidated statements of income and cash flows of the Company and its Subsidiaries for such fiscal quarter and for the period from the
beginning of the then current fiscal year to the end of such fiscal quarter, certified by a Financial Officer of the Company on behalf of the Company and its Subsidiaries as fairly presenting the consolidated


  
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financial position of the Company and its Subsidiaries as at the dates indicated and the results of their operations and cash flows for the periods indicated in accordance with Agreement
Accounting Principles, subject to normal year-end audit adjustments and the absence of footnotes and (b) each quarterly period of its fiscal year, (1) schedules, in form and substance reasonably satisfactory to the Administrative Agent,
showing (aa) the date of issue, account party, Agreed Currency and amount (both drawn and undrawn) in such Agreed Currency, Issuing Bank, expiration date and the reference number of each Letter of Credit issued hereunder and (bb) the
comparable information and details for each other letter of credit issued for the account of the Company or any Subsidiary, in each case outstanding at the end of such quarterly period and (2) a report relating to the asbestos litigation
described in Schedule 6.17, and any other Product Liability Events, for such quarter, such report being in form and substance satisfactory to the Administrative Agent and in any event describing (aa) any final judgments or orders (whether
monetary or non-monetary) entered against the Company or any Subsidiary and (bb) any settlements for the payment of money entered into by the Company or any Subsidiary. 

(ii) Annual Reports. As soon as practicable, and in any event within ninety (90) days after the end of each
fiscal year, (a) the consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal year and the related consolidated statements of income, stockholders’ equity and cash flows of the Company and its
Subsidiaries for such fiscal year, and in comparative form the corresponding figures for the previous fiscal year along with consolidating schedules in form and substance sufficient to calculate the financial covenants set forth in
Section 7.4 and (b) an audit report on the consolidated financial statements (but not the consolidating financial statements or schedules) listed in clause (a) hereof of independent certified public accountants of recognized
national standing, which audit report shall be unqualified and shall state that such financial statements fairly present the consolidated financial position of the Company and its Subsidiaries as at the dates indicated and the results of their
operations and cash flows for the periods indicated in conformity with Agreement Accounting Principles and that the examination by such accountants in connection with such consolidated financial statements has been made in accordance with generally
accepted auditing standards. The deliveries made pursuant to this clause (ii) shall be accompanied by (x) any management letter prepared by the above-referenced accountants, and (y) a certificate of such accountants that, in the
course of their examination necessary for their certification of the foregoing, they have obtained no knowledge of any Default or Unmatured Default, or if, in the opinion of such accountants, any Default or Unmatured Default shall exist, stating the
nature and status thereof. 
 (iii) Officer’s Certificate. Together with each delivery of any
financial statement (a) pursuant to clauses (i) or (ii) of this Section 7.1(a), an Officer’s Certificate of the Company, substantially in the form of Exhibit F attached hereto and made a part hereof, stating that
as of the date of such Officer’s Certificate no Default or Unmatured Default exists, or if any Default or Unmatured Default 

  
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exists, stating the nature and status thereof and (b) pursuant to clauses (i) and (ii) of this Section 7.1(a), a compliance certificate, substantially in the form of
Exhibit G attached hereto and made a part hereof, signed by an Authorized Officer, which demonstrates compliance with the tests contained in Section 7.3 and Section 7.4, and which calculates the Pricing Ratio for
purposes of determining the then Applicable Floating Rate Margin, Applicable Eurodollar Margin, Applicable L/C Fee Percentage and Applicable Commitment Fee Percentage. 

(iv) Budgets; Business Plans; Financial Projections. As soon as practicable and in any event not later than one
hundred twenty (120) days after the beginning of each fiscal year commencing with the fiscal year beginning January 1, 2013, a copy of the plan and forecast (including a projected balance sheet, income statement and a statement of cash
flow) of the Company and its Subsidiaries for the upcoming three (3) fiscal years prepared in such detail as shall be reasonably satisfactory to the Administrative Agent. 

(b) Notice of Default. Promptly upon any of the chief executive officer, chief operating officer, chief financial
officer, treasurer, controller, chief legal officer or general counsel of the Company obtaining knowledge (i) of any condition or event which constitutes a Default or Unmatured Default, or becoming aware that any Lender or Administrative Agent
has given any written notice with respect to a claimed Default or Unmatured Default under this Agreement, or (ii) that any Person has given any written notice to the Company or any Subsidiary of the Company or taken any other action with
respect to a claimed default or event or condition of the type referred to in Section 8.1(e), or (iii) that any other development, financial or otherwise, which could reasonably be expected to have a Material Adverse Effect has
occurred, the Company shall deliver to the Administrative Agent and the Lenders an Officer’s Certificate specifying (a) the nature and period of existence of any such claimed default, Default, Unmatured Default, condition or event,
(b) the notice given or action taken by such Person in connection therewith, and (c) what action the Company has taken, is taking and proposes to take with respect thereto. 

(c) Lawsuits. 
 (i) Promptly upon the Company obtaining knowledge of the institution of, or written threat of, any action, suit, proceeding, governmental investigation or arbitration, by or before any Governmental
Authority, against or affecting the Company or any of its Subsidiaries or any property of the Company or any of its Subsidiaries not previously disclosed pursuant to Section 6.7, which action, suit, proceeding, governmental investigation
or arbitration exposes, or in the case of multiple actions, suits, proceedings, governmental investigations or arbitrations arising out of the same general allegations or circumstances which expose, in the Company’s reasonable judgment, the
Company and/or any of its Subsidiaries to liability in an amount aggregating $20,000,000 or more, give written notice thereof to the Administrative Agent and the Lenders and provide such other information as may be reasonably available to enable
each Lender and the Administrative Agent and its counsel to evaluate such matters; and 

  
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 (ii) Promptly upon the Company or any of its Subsidiaries obtaining
knowledge of any material adverse developments with respect to any of the Disclosed Litigation, which Disclosed Litigation exposes, in the Company’s reasonable judgment, the Company and/or any of its Subsidiaries to liability in an amount
aggregating $5,000,000 or more, give written notice thereof to the Administrative Agent and the Lenders and provide such other information as may be reasonably available to enable each Lender and the Administrative Agent and its counsel to evaluate
such matters; and 
 (iii) In addition to the requirements set forth in clauses (i) and (ii) of this
Section 7.1(c), upon request of the Administrative Agent or the Required Lenders, promptly give written notice of the status of any Disclosed Litigation or any action, suit, proceeding, governmental investigation or arbitration covered
by a report delivered pursuant to clause (i) above and provide such other information as may be reasonably available to it that would not jeopardize any attorney-client privilege by disclosure to the Lenders to enable each Lender and the
Administrative Agent and its counsel to evaluate such matters. 
 (d) ERISA Notices. Deliver or cause to
be delivered to the Administrative Agent and the Lenders, at the Company’s expense, the following information and notices as soon as reasonably possible, and in any event: 

(i) (a) within ten (10) Business Days after the Company obtains knowledge that a Termination Event has occurred,
a written statement of a Financial Officer of the Company describing such Termination Event and the action, if any, which the Company has taken, is taking or proposes to take with respect thereto, and when known, any action taken or threatened by
the IRS, DOL or PBGC with respect thereto and (b) within ten (10) Business Days after any member of the Controlled Group obtains knowledge that a Termination Event has occurred which could reasonably be expected to subject the Company or
any of its Subsidiaries to liability in excess of $5,000,000, a written statement of a Financial Officer or designee of the Company describing such Termination Event and the action, if any, which the member of the Controlled Group has taken, is
taking or proposes to take with respect thereto, and when known, any action taken or threatened by the IRS, DOL or PBGC with respect thereto; 
 (ii) within ten (10) Business Days after the filing of any funding waiver request with the IRS, a copy of such funding waiver request and thereafter all communications received by the Company or a
member of the Controlled Group with respect to such request within ten (10) Business Days such communication is received; and 

  
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 (iii) within ten (10) Business Days after the Company or any member of
the Controlled Group knows or has reason to know that (a) a Multiemployer Plan has been terminated, (b) the administrator or plan sponsor of a Multiemployer Plan intends to terminate a Multiemployer Plan, or (c) the PBGC has
instituted or will institute proceedings under Section 4042 of ERISA to terminate a Multiemployer Plan, a notice describing such matter. 
 For purposes of this Section 7.1(d), the Company, any of its Subsidiaries and any member of the Controlled Group shall be deemed to know all facts known by the administrator of any Plan of
which the Company or any member of the Controlled Group or such Subsidiary is the plan sponsor. 
 (e) Other
Indebtedness. Deliver to the Administrative Agent (i) a copy of each regular report, notice or communication regarding potential or actual defaults or amortization events (including any accompanying officer’s certificate) delivered by
or on behalf of the Company to the holders of Material Indebtedness pursuant to the terms of the agreements governing such Material Indebtedness, such delivery to be made at the same time and by the same means as such notice of default is delivered
to such holders, and (ii) a copy of each notice or other communication received by the Company from the holders of Material Indebtedness regarding potential or actual defaults pursuant to the terms of such Material Indebtedness, such delivery
to be made promptly after such notice or other communication is received by the Company or any of its Subsidiaries. 
 (f) Other Reports. Deliver or cause to be delivered to the Administrative Agent and the Lenders copies of (i) all financial statements, reports and notices, if any, sent or made available
generally by the Company to their securities holders or filed with the Commission by the Company, (ii) all press releases made available generally by the Company or any of the Company’s Subsidiaries to the public concerning material
developments in the business of the Company or any such Subsidiary and (iii) all notifications received from the Commission by the Company or its Subsidiaries pursuant to the Securities Exchange Act of 1934 and the rules promulgated thereunder.

 (g) Environmental Notices. As soon as possible and in any event within ten (10) days after receipt
by the Company, deliver to the Administrative Agent and the Lenders a copy of (i) any notice or claim to the effect that the Company or any of its Subsidiaries is or may be liable to any Person as a result of the Release by the Company, any of
its Subsidiaries, or any other Person of any Contaminant into the environment, and (ii) any notice alleging any violation of any Environmental, Health or Safety Requirements of Law by the Company or any of its Subsidiaries if, in either case,
such notice or claim relates to an event which could reasonably be expected to subject the Company and its Subsidiaries to liability individually or in the aggregate in excess of $5,000,000. 

(h) Other Information. Promptly upon receiving a request therefor from the Administrative Agent (acting on its own
behalf or at the request of any Lender or Issuing Bank), prepare and deliver to the Administrative Agent and the Lenders such other information with respect to the Company, any of its Subsidiaries, as from time to time may be reasonably requested by
the Administrative Agent. 

  
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 SECTION 7.2 Affirmative Covenants. 

(a) Existence, Etc. The Company shall and, except as permitted pursuant to Section 7.3(h), shall cause
each of its Subsidiaries to, at all times maintain its existence and preserve and keep, or cause to be preserved and kept, in full force and effect its rights and franchises material to its businesses. 

(b) Corporate Powers; Conduct of Business. The Company shall, and shall cause each of its Subsidiaries to, qualify
and remain qualified to do business in each jurisdiction in which the nature of its business requires it to be so qualified and where the failure to be so qualified will have or could reasonably be expected to have a Material Adverse Effect. The
Company will, and will cause each Subsidiary to, carry on and conduct its business in substantially the same manner and in substantially the same fields of enterprise as it is presently conducted. 

(c) Compliance with Laws, Etc. The Company shall, and shall cause its Subsidiaries to, (a) comply with all
Requirements of Law and all restrictive covenants affecting such Person or the business, properties, assets or operations of such Person, and (b) obtain as needed all permits necessary for its operations and maintain such permits in good
standing unless failure to comply or obtain such permits could not reasonably be expected to have a Material Adverse Effect. 
 (d) Payment of Taxes and Claims; Tax Consolidation. The Company shall pay, and cause each of its Subsidiaries to pay, (i) all taxes, assessments and other governmental charges imposed upon it
or on any of its properties or assets or in respect of any of its franchises, business, income or property before any penalty or interest accrues thereon, and (ii) all claims (including, without limitation, claims for labor, services, materials
and supplies) for sums which have become due and payable and which by law have or may become a Lien (other than a Lien permitted by Section 7.3(c)) upon any of the Company’s or such Subsidiary’s property or assets, prior to the
time when any penalty or fine shall be incurred with respect thereto; provided, however, that no such taxes, assessments and governmental charges referred to in clause (i) above or claims referred to in clause (ii) above (and
interest, penalties or fines relating thereto) need be paid if being contested in good faith by appropriate proceedings diligently instituted and conducted and if such reserve or other appropriate provision, if any, as shall be required in
conformity with Agreement Accounting Principles shall have been made therefor. 
 (e) Insurance. The
Company shall maintain for itself and its Subsidiaries, or shall cause each of its Subsidiaries to maintain in full force and effect, insurance policies and programs, with such deductibles or self-insurance amounts as reflect coverage that is
reasonably consistent with prudent industry practice as determined by the Company. 
 (f) Inspection of
Property; Books and Records; Discussions. The Company shall permit and cause each of its Subsidiaries to permit, any authorized representative(s) designated by either the Administrative Agent or any Lender to visit and inspect any of the
properties of the Company or any of its Subsidiaries, to examine their respective financial and accounting records and other material data relating to their respective 

  
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businesses or the transactions contemplated hereby (including, without limitation, in connection with environmental compliance, hazard or liability), and to discuss their affairs, finances and
accounts with their officers and independent certified public accountants, all upon reasonable notice and at such reasonable times during normal business hours, as often as may be reasonably requested (provided that an officer of the Company
or any of its Subsidiaries may, if it so desires, be present at and participate in any such discussion). The Company shall keep and maintain, and cause each of its Subsidiaries to keep and maintain, in all material respects, proper books of record
and account in which entries in conformity with Agreement Accounting Principles shall be made of all dealings and transactions in relation to their respective businesses and activities. If a Default has occurred and is continuing, the Company, upon
the Administrative Agent’s request, shall turn over copies of any such records to the Administrative Agent or its representatives. 
 (g) ERISA Compliance. The Company shall, and shall cause each of its Subsidiaries to, establish, maintain and operate all Plans to comply in all material respects with the provisions of ERISA and
shall operate all Plans to comply in all material respects with the applicable provisions of the Code, all other applicable laws, and the regulations and interpretations thereunder and the respective requirements of the governing documents for such
Plans, except for any noncompliance which, individually or in the aggregate, could not reasonably be expected to subject the Company or any of its Subsidiaries to liability, individually or in the aggregate, in excess of $40,000,000 or except as set
forth on Schedule 6.9. 
 (h) Maintenance of Property. The Company shall cause all property used or useful
in the conduct of its business or the business of any Subsidiary to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and shall cause to be made all necessary repairs, renewals,
replacements, betterments and improvements thereof, all as in the judgment of the Company may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided,
however, that nothing in this Section 7.2(h) shall prevent the Company or any of its Subsidiaries from discontinuing the operation or maintenance of any of such property if such discontinuance is, in the judgment of the Company,
desirable in the conduct of its business or the business of any Subsidiary and not disadvantageous in any material respect to the Administrative Agent or the Lenders. 

(i) Environmental Compliance. The Company and its Subsidiaries shall comply with all Environmental, Health or
Safety Requirements of Law, except where noncompliance will not have or is not reasonably likely to subject the Company or any of its Subsidiaries to liability, individually or in the aggregate, in excess of $40,000,000. 

(j) Use of Proceeds. The Borrowers shall use the proceeds of the Revolving Loans to provide funds for general
corporate purposes of the Company and its Subsidiaries, including, without limitation, to refinance certain existing debt, for working capital purposes and to finance Permitted Acquisitions including the Shaw Acquisition and the payment of fees,
expenses and compensation in connection therewith. The 

  
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Company will not, nor will they permit any Subsidiary to, use any of the proceeds of the Loans to purchase or carry any Margin Stock in violation of any applicable legal and regulatory
requirements including, without limitation, Regulations T, U, and X, the Securities Act of 1933 and the Securities Exchange Act of 1934 and the regulations promulgated thereunder, or to make any Acquisition, other than a Permitted Acquisition
pursuant to Section 7.3(f). 
 (k) Subsidiary Guarantors. 

(i) New Subsidiaries. The Company shall cause each Subsidiary acquired or formed after the Closing Date that is, at
any time, a Material Subsidiary and each other Subsidiary as is necessary to remain in compliance with the terms of Section 7.3(q), to deliver to the Administrative Agent an executed supplement to the Subsidiary Guaranty in the form of
the supplement attached thereto (a “Supplement”) to become a Subsidiary Guarantor and, if requested by the Administrative Agent or delivered under any other Transaction Facility (or any Permitted Refinancing thereof), appropriate
corporate resolutions, opinions and other documentation in form and substance reasonably satisfactory to the Administrative Agent, such Supplement and other documentation to be delivered to the Administrative Agent as promptly as possible upon the
creation, acquisition of or capitalization thereof or if otherwise necessary to remain in compliance with Section 7.3(q), but in any event within thirty (30) days (or such later date as the Administrative Agent may agree) of such
creation, acquisition or capitalization. 
 (ii) Additional Material Subsidiaries. If any consolidated
Subsidiary of the Company (other than a newly acquired or formed Subsidiary to the extent addressed in Section 7.2(k)(i)) becomes a Material Subsidiary (other than an Excluded Foreign Subsidiary), the Company shall cause any such
Material Subsidiary to deliver to the Administrative Agent an executed Supplement to become a Subsidiary Guarantor and, if requested by the Administrative Agent or delivered under any other Transaction Facility (or any Permitted Refinancing
thereof), appropriate corporate resolutions, opinions and other documentation in form and substance reasonably satisfactory to the Administrative Agent in connection therewith, such Supplement and other documentation to be delivered to the
Administrative Agent as promptly as possible but in any event within thirty (30) days (or such later date as the Administrative Agent may agree) following the date on which such consolidated Subsidiary became a Material Subsidiary. 

(iii) Other Required Guarantors. If at any time any Subsidiary of the Company which is not a Subsidiary Guarantor
guaranties any Indebtedness of the Company (including, without limitation, Indebtedness incurred pursuant to the Letter of Credit Agreement and all replacements, substitutions, extensions or renewals thereof) other than the Indebtedness hereunder,
the Company shall cause such Subsidiary to deliver to the Administrative Agent an executed Supplement to become a Subsidiary Guarantor and, if requested by the Administrative Agent or delivered under any other Transaction Facility (or any Permitted
Refinancing thereof), appropriate corporate resolutions, opinions and other documentation in 

  
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form and substance reasonably satisfactory to the Administrative Agent in connection therewith, such Supplement and other documentation to be delivered to the Administrative Agent concurrently
with the delivery of the guaranty of such other Indebtedness. 
 (iv) Additional Excluded Foreign
Subsidiaries. In the event any Subsidiary otherwise required to become a Guarantor under paragraphs (i), (ii) or (iii) above would cause the Company adverse tax consequences if it were to become a Guarantor or is restricted from
becoming a Guarantor as a result of domestic laws or otherwise, the Administrative Agent may, in its discretion, permit such Subsidiary to be treated as an Excluded Foreign Subsidiary, and, accordingly, such Subsidiary would not be required to
become a Guarantor. 
 (v) Joint Ventures. In the event any Subsidiary otherwise required to become a
Guarantor under this Section 7.2(k) is a joint venture or unincorporated association, and such Subsidiary’s becoming a Subsidiary Guarantor shall be restricted by such Subsidiary’s constitutive documents, notwithstanding
anything to the contrary contained in any Loan Document, the Obligations guaranteed by such Subsidiary shall not be required to exceed the amount that may be so guaranteed under applicable Requirements of Law (including, without limitation, the
Uniform Fraudulent Conveyance Act and the Uniform Fraudulent Transfer Act), multiplied by the percentage of such Subsidiary’s outstanding Capital Stock or interest in the profits owned, in each case, by the Company or any of its other
Subsidiaries. 
 (l) Foreign Employee Benefit Compliance. The Company shall, and shall cause each of its
Subsidiaries and each member of its Controlled Group to, establish, maintain and operate all Foreign Employee Benefit Plans to comply in all material respects with all laws, regulations and rules applicable thereto and the respective requirements of
the governing documents for such Plans, except for failures to comply which, in the aggregate, would not be reasonably likely to subject the Company or any of its Subsidiaries to liability, individually or in the aggregate, in excess of $40,000,000.

 SECTION 7.3 Negative Covenants. 

(a) Subsidiary Indebtedness. The Company shall not permit any of its Subsidiaries directly or indirectly to create,
incur, assume or otherwise become or remain directly or indirectly liable with respect to any Indebtedness, except: 
 (i) Indebtedness of the Borrowers under this Agreement and the Subsidiaries under the Subsidiary Guaranty; 
 (ii) Indebtedness in respect of guaranties executed by any Subsidiary Guarantor with respect to any Indebtedness of the Company, provided such Indebtedness is not incurred by the Company in violation of
this Agreement; 
 (iii) Indebtedness in respect of obligations secured by Customary Permitted Liens; 


  
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 (iv) Indebtedness constituting Contingent Obligations permitted by
Section 7.3(e); 
 (v) Unsecured Indebtedness arising from loans from (a) any Subsidiary to any
wholly-owned Subsidiary, (b) the Company to any wholly-owned Subsidiary, (c) Lealand Finance Company B.V. to any Subsidiary (other than any Subsidiary Guarantor) in an aggregate outstanding principal amount not to exceed $50,000,000 at any
time and (d) any one or more Subsidiary Guarantors to Horton CBI, Limited in an aggregate outstanding principal amount not to exceed $100,000,000; provided, that if either the Company or any Subsidiary Guarantor is the obligor on such
Indebtedness, such Indebtedness may only be due either the Company or a Subsidiary Guarantor and shall be expressly subordinate to the payment in full in cash of the Obligations on terms satisfactory to the Administrative Agent; 

(vi) Indebtedness in respect of Hedging Obligations which are not prohibited under Section 7.3(o); 

(vii) Indebtedness (a) with respect to surety, appeal and performance bonds and Performance Letters of Credit
obtained by any of the Company’s Subsidiaries in the ordinary course of business, and (b) incurred or maintained by any of the Company’s Subsidiaries under the Letter of Credit Agreement; 

(viii) Indebtedness evidenced by letters of credit, bank guarantees or other similar instruments in an aggregate face
amount not to exceed at any time $120,000,000 issued in the ordinary course of business to secure obligations of the Company and its Subsidiaries under workers’ compensation and other social security programs, and Contingent Obligations with
respect to any such permitted letters of credit, bank guarantees or other similar instruments; 
 (ix)
(a) Permitted Existing Indebtedness and (b) other Indebtedness, in addition to that referred to elsewhere in this Section 7.3(a), incurred by the Company’s Subsidiaries, provided that no Default or Unmatured Default
shall have occurred and be continuing at the date of such incurrence or would result therefrom, and provided further that the aggregate outstanding amount of all Indebtedness incurred by the Company’s Subsidiaries under this clause
(ix)(b) shall not at any time exceed $50,000,000; 
 (x) Indebtedness of The Shaw Group Inc. or any of its
Subsidiaries existing on the Transaction Closing Date and permitted under the Transaction Agreement; 
 (xi)
Indebtedness of the Company and any Subsidiary Guarantor in respect of the Existing Revolving Credit Agreement (and any Permitted Refinancing thereof), so long as such Indebtedness is not senior to the Obligations in right of payment and is not
guaranteed by any Subsidiary that is not a Subsidiary Guarantor; 

  
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 (xii) Indebtedness of the Company and any Subsidiary Guarantor in respect of
the Bridge Facility (and any Permitted Refinancing thereof), so long as such Indebtedness is not senior to the Obligations in right of payment and is not guaranteed by any Subsidiary that is not a Subsidiary Guarantor; 

(xiii) Indebtedness of the Company and any Subsidiary Guarantor in respect of the Term Facility (and any Permitted
Refinancing thereof), so long as such Indebtedness is not senior to the Obligations in right of payment and is not guaranteed by any Subsidiary that is not a Subsidiary Guarantor; and 

(xiv) Indebtedness of the Company and any Subsidiary Guarantor in respect of the Takeout Financing (and any Permitted
Refinancing thereof), so long as such Indebtedness is not senior to the Obligations in right of payment (other than pursuant to the terms of the Escrow Agreement (as defined in the Note Purchase Agreement) with respect to the Escrowed Proceeds) and
is not guaranteed by any Subsidiary that is not a Subsidiary Guarantor. 
 (b) Sales of Assets. Neither
the Company nor any of its Subsidiaries shall consummate any Asset Sale, except: 
 (i) sales of inventory in the
ordinary course of business; 
 (ii) the disposition in the ordinary course of business of equipment that is
obsolete, excess or no longer used or useful in the Company’s or its Subsidiaries’ businesses; 
 (iii)
transfers of assets between the Company and any wholly-owned Subsidiary of the Company, or between wholly-owned Subsidiaries of the Company not otherwise prohibited by this Agreement; 

(iv) the Permitted Sale and Leaseback Transactions; 

(v) the sale or other disposition of those certain assets acquired from Pitt-Des Moines Inc. and identified in a ruling
dated as of July 12, 2003 by the Federal Trade Commission requiring the divestiture of such assets so long as the aggregate book value of such assets described in this clause (v) does not exceed $15,000,000 and the sale of such assets is
on terms ordered by the Federal Trade Commission or otherwise reasonably acceptable to the Administrative Agent; and 
 (vi) other leases, sales or other dispositions of assets if such transaction (a) is for consideration consisting at least eighty percent (80%) of cash, (b) is for not less than fair market
value (as determined in good faith by the Company’s board of directors), and (c) involves assets that, together with all other assets of the Company and its Subsidiaries previously leased, sold or disposed of (other than pursuant to
clauses (i) through (v) above) as permitted by this 

  
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Section (x) during the twelve-month period ending with the month in which any such lease, sale or other disposition occurs, do not constitute a Substantial Portion of the assets of the
Company and its Subsidiaries and (y) since the Closing Date do not exceed $80,000,000, in each case when combined with all such other transactions during such period (each such transaction being valued at book value). 

(c) Liens. Neither the Company nor any of its Subsidiaries shall directly or indirectly create, incur, assume or
permit to exist any Lien on or with respect to any of their respective property or assets except: 
 (i) Liens,
if any, created by the Loan Documents or otherwise securing the Obligations; 
 (ii) Customary Permitted Liens;

 (iii) [reserved] 
 (iv) other Liens, including Permitted Existing Liens, (a) securing Indebtedness of the Company (other than Indebtedness of the Company owed to any Subsidiary) and/or (b) securing Indebtedness of
the Company’s Subsidiaries as permitted pursuant to Section 7.3(a) and in an aggregate outstanding amount not to exceed ten percent (10%) of consolidated assets of the Company and its Subsidiaries at any time; 

(v) Liens on the assets of the The Shaw Group Inc. and its Subsidiaries, existing on the Transaction Closing Date and
permitted under the Transaction Agreement, provided that such Liens extend only to such assets or proceeds thereof and were not incurred in contemplation of the Shaw Acquisition (including liens on the equity interests of NEH securing the NEH
Bonds); 
 (vi) prior to the Transaction Closing Date, Liens on the Escrowed Proceeds securing the repayment of
the Escrowed Proceeds to the holders of Notes; and 
 (vii) as long as the obligations under this Agreement are
secured equally and ratably by the same collateral subject to such Liens, Liens securing the other Transaction Facilities (and any Permitted Refinancing thereof). 
 In addition, neither the Company nor any of its Subsidiaries shall become a party to any agreement, note, indenture or other instrument, or take any other action, which would prohibit the creation of a
Lien on any of its properties or other assets in favor of the Administrative Agent as collateral for the Obligations; provided that (x) any agreement, note, indenture or other instrument in connection with purchase money Indebtedness
(including Capitalized Leases) incurred in compliance with the terms of this Agreement may prohibit the creation of a Lien in favor of the Administrative Agent and the Lenders on the items of property obtained with the proceeds of such Indebtedness
and (y) the Transaction Facilities (and any Permitted Refinancing thereof) may prohibit the creation of a Lien in favor of the Administrative Agent and the Lenders unless such Indebtedness is secured equally and ratably with the Obligations.


  
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 (d) Investments. Except to the extent permitted pursuant to
Section 7.3(f), neither the Company nor any of its Subsidiaries shall directly or indirectly make or own any Investment except: 
 (i) Investments in cash and Cash Equivalents; 
 (ii) Permitted
Existing Investments in an amount not greater than the amount thereof on the Closing Date; 
 (iii) Investments
in trade receivables or received in connection with the bankruptcy or reorganization of suppliers and customers and in settlement of delinquent obligations of, and other disputes with, customers and suppliers arising in the ordinary course of
business; 
 (iv) Investments consisting of deposit accounts maintained by the Company and its Subsidiaries;

 (v) Investments consisting of non-cash consideration from a sale, assignment, transfer, lease, conveyance or
other disposition of property permitted by Section 7.3(b); 
 (vi) Investments in any consolidated
Subsidiaries; 
 (vii) Investments in joint ventures (other than Subsidiaries) and nonconsolidated Subsidiaries
in an aggregate amount not to exceed $200,000,000; 
 (viii) Investments constituting Permitted Acquisitions;

 (ix) Investments constituting Indebtedness permitted by Section 7.3(a) or Contingent Obligations
permitted by Section 7.3(e); 
 (x) Investments in addition to those referred to elsewhere in this
Section 7.3(d) in an aggregate amount not to exceed $20,000,000. 
 (xi)(A) Investments made to
consummate the Shaw Acquisition and (B) to the extent constituting Investments, transactions permitted by any of Sections 7.3(g)(ii) through (iv); and 

(xii) Investments of The Shaw Group Inc. and its Subsidiaries on the Transaction Closing Date and permitted under the
Transaction Agreement. 
 (e) Contingent Obligations. None of the Company’s Subsidiaries shall
directly or indirectly create or become or be liable with respect to any Contingent Obligation, except: (i) recourse obligations resulting from endorsement of negotiable instruments for collection in the ordinary course of business;
(ii) Permitted Existing 

  
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Contingent Obligations; (iii) Contingent Obligations (x) incurred by any Subsidiary of the Company to support the performance of bids, tenders, sales or contracts (other than for the
repayment of borrowed money) of any other Subsidiary of the Company or, solely to the extent of its relative ownership interest therein, any Person (other than a wholly-owned Subsidiary of the Company) in which such Subsidiary has a joint interest
or other ownership interest, in each case in the ordinary course of business, and, in the case of joint ventures or other ownership interests, the Contingent Obligation in respect thereof is in an aggregate amount not to exceed $30,000,000,
(y) incurred by any Subsidiary of the Company under the Letter of Credit Agreement, and (z) with respect to surety, appeal and performance bonds obtained by the Company or any Subsidiary (provided that the Indebtedness with respect
thereto is permitted pursuant to Section 7.3(a)) or, solely to the extent of its relative ownership interest therein, any Person (other than a wholly-owned Subsidiary of the Company) in which such Subsidiary has a joint interest or other
ownership interest, in each case in the ordinary course of business and, in the case of joint ventures or other ownership interests, the Contingent Obligation in respect thereof is in an aggregate amount not to exceed $30,000,000;
(iv) Contingent Obligations of the Subsidiary Guarantors under the Subsidiary Guaranty; and (v) Contingent Obligations in respect of the Transaction Facilities and Contingent Obligations of The Shaw Group Inc. and its Subsidiaries existing
on the Transaction Closing Date and permitted under the Transaction Agreement. 
 (f) Conduct of Business;
Subsidiaries; Permitted Acquisitions. Neither the Company nor any of its Subsidiaries shall engage in any business other than the businesses engaged in by the Company and its Subsidiaries on the Closing Date and any business or activities which
are substantially similar, related or incidental thereto or logical extensions thereof. The Company shall not create, acquire or capitalize any Subsidiary after the Closing Date unless (i) no Default or Unmatured Default shall have occurred and
be continuing or would result therefrom; (ii) after such creation, acquisition or capitalization, all of the representations and warranties contained herein shall be true and correct (unless such representation and warranty is made as of a
specific date, in which case, such representation or warranty shall be true and correct as of such date); and (iii) after such creation, acquisition or capitalization the Company and such Subsidiary shall be in compliance with the terms of
Sections 7.2(k) and 7.3(r). Neither the Company nor its Subsidiaries shall make any Acquisitions, other than Acquisitions meeting the following requirements or otherwise approved by the Required Lenders each such Acquisition
constituting a “Permitted Acquisition”): 
 (i) as of the date of consummation of such
Acquisition (before and after taking into account such Acquisition), all representations and warranties set forth in this Agreement and the other Loan Documents shall be true and correct in all material respects as though made on such date (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) and no event shall have occurred and then be continuing which constitutes a Default or
Unmatured Default under this Agreement; 

  
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 (ii) prior to the consummation of any such Permitted Acquisition, the
Company shall provide written notification to the Administrative Agent of all pro forma adjustments to EBITDA to be made in connection with such Acquisition; 
 (iii) the purchase is consummated pursuant to a negotiated acquisition agreement on a non-hostile basis and approved by the target company’s board of directors (and shareholders, if necessary) prior
to the consummation of the Acquisition; 
 (iv) the businesses being acquired shall be substantially similar,
related or incidental to the businesses or activities engaged in by the Company and its Subsidiaries on the Closing Date; 
 (v) prior to such Acquisition and the incurrence of any Indebtedness permitted by Section 7.3(a) in connection therewith, the Company shall deliver to the Administrative Agent and the Lenders
a certificate from one of the Authorized Officers, demonstrating, on a pro forma basis using unadjusted historical audited or reviewed unaudited financial statements obtained from the seller(s) in respect of each such Acquisition as if the
Acquisition and such incurrence of Indebtedness had occurred on the first day of the twelve-month period ending on the last day of the Company’s most recently completed fiscal quarter, the Company would have been in compliance with the
financial covenants in Section 7.4 and not otherwise in Default; 
 (vi) without the prior written
consent of the Required Lenders, (i) the purchase price for the Acquisition (including, without limitation or duplication, cash, Capital Stock, Restricted Payments and Indebtedness assumed) shall not exceed 10% of Consolidated Net Worth as of
the Company’s most recently ended fiscal year prior to such Acquisition and (ii) the aggregate of the purchase price for all Acquisitions (including, without limitation or duplication, cash, Capital Stock, Restricted Payments and
Indebtedness assumed) otherwise permitted hereunder shall not exceed $200,000,000 from and after the Closing Date; and 
 (vii) the consummation of the Shaw Acquisition. 
 (g)
Transactions with Shareholders and Affiliates. Other than (i) Investments permitted by Section 7.3(d), (ii) any renewal or replacement of existing letters of credit (without increasing the face amount thereof) issued in
favor of NEH for the account of the Company in respect of the 2006 Bond Trust Deed made on October 13, 2006 between NEH and The Bank of New York (the “2006 Bond Trust Deed”), (iii) the payment of reasonable fees and
expenses in connection with the transactions contemplated by the 2006 Bond Trust Deed and the Put Option Agreement (as defined in the Transaction Agreement), (iv) the pledge of the stock of NEH to secure the obligations of NEH under the 2006
Bond Trust Deed and (v) the existence and performance of related obligations in respect of the actions described in clauses (ii) through (iv), neither the Company nor any of its Subsidiaries shall directly or indirectly enter into or
permit to exist any transaction (including, without limitation, the purchase, sale, lease or exchange of any property or the 

  
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rendering of any service) with, or make loans or advances to any holder or holders of any of the Equity Interests of the Company, or with any Affiliate of the Company which is not its Subsidiary
of the Company, on terms that are less favorable to the Company or any of its Subsidiaries, as applicable, than those that could reasonably be obtained in an arm’s length transaction at the time from Persons who are not such a holder or
Affiliate, . 
 (h) Restriction on Fundamental Changes. Neither the Company nor any of its Subsidiaries
shall enter into any merger or consolidation, or liquidate, wind-up or dissolve (or suffer any liquidation or dissolution), or convey, lease, sell, transfer or otherwise dispose of, in one transaction or series of transactions, all or substantially
all of the Company’s consolidated business or property (each such transaction a “Fundamental Change”), whether now or hereafter acquired, except (i) Fundamental Changes permitted under Sections 7.3(b),
7.3(d) or 7.3(g), (ii) a Subsidiary of the Company may be merged into or consolidated with the Company (in which case the Company shall be the surviving corporation) or any wholly-owned Subsidiary of the Company provided the
Company owns, directly or indirectly, a percentage of the equity of the merged entity not less than the percentage it owned of the Subsidiary prior to such Fundamental Change and if the predecessor Subsidiary was a Guarantor, the surviving
Subsidiary shall be a Guarantor hereunder, (iii) any liquidation of any Subsidiary of the Company, into the Company or another Subsidiary of the Company, as applicable, and (iv) Fundamental Changes entered into to consummate the Shaw
Acquisition. 
 (i) Sales and Leasebacks. Neither the Company nor any of its Subsidiaries shall become
liable, directly, by assumption or by Contingent Obligation, with respect to any Sale and Leaseback Transaction (other than the Permitted Sale and Leaseback Transactions and sale and leaseback obligations of The Shaw Group Inc. and its Subsidiaries
existing on the Transaction Closing Date and permitted under the Transaction Agreement), unless the sale involved is not prohibited under Section 7.3(b), the lease involved is not prohibited under Section 7.3(a) and any
related Investment is not prohibited under Section 7.3(d). 
 (j) Margin Regulations. Neither
the Company nor any of its Subsidiaries, shall use all or any portion of the proceeds of any credit extended under this Agreement to purchase or carry Margin Stock in violation of any applicable legal and regulatory requirements including, without
limitation, Regulations T, U and X, the Securities Act of 1933, and the Securities Exchange Act of 1934 and the regulations promulgated thereunder. 
 (k) ERISA. The Company shall not: 
 (i) permit to exist any
accumulated funding deficiency (as defined in Sections 302 of ERISA and 412 of the Code), with respect to any Benefit Plan, whether or not waived; 
 (ii) terminate, or permit any Controlled Group member to terminate, any Benefit Plan which would result in liability of the Company or any Controlled Group member under Title IV of ERISA; 

  
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 (iii) fail, or permit any Controlled Group member to fail, to pay any
required installment or any other payment required under Section 412 of the Code on or before the due date for such installment or other payment; or 
 (iv) permit any unfunded liabilities with respect to any Foreign Pension Plan; 
 in each case except as set forth on Schedule 6.9 or except where such transactions, events, circumstances, or failures are not, individually or in the aggregate, reasonably expected to result in
liability individually or in the aggregate in excess of $40,000,000. 
 (l) Corporate Documents. Neither
the Company nor any of its Subsidiaries shall amend, modify or otherwise change any of the terms or provisions in any of their respective constituent documents as in effect on the date of the delivery of copies thereof to the Administrative Agent
pursuant to Section 5.1 in any manner adverse to the interests of the Lenders, without the prior written consent of the Required Lenders except as reasonably necessary to consummate the Shaw Acquisition. 

(m) Fiscal Year. Neither the Company nor any of its consolidated Subsidiaries shall change its fiscal year for
accounting or tax purposes from a period consisting of the 12-month period ending on the last day of December of each year except that the fiscal year of The Shaw Group Inc. may be changed to match that of the Company after consummation of the Shaw
Acquisition. 
 (n) Subsidiary Covenants. Except as set forth on Schedule 7.3(N), and except for any
such encumbrance or restriction (i) binding upon The Shaw Group Inc. and its Subsidiaries existing on the Transaction Closing Date and permitted under the Transaction Agreement or (ii) contained in any of the Transaction Facilities, the
Company will not, and will not permit any Subsidiary to, create or otherwise cause to become effective or suffer to exist any consensual encumbrance or restriction of any kind on the ability of any Subsidiary to pay dividends or make any other
distribution on its stock or redemption of its stock, or make any other Restricted Payment, pay any Indebtedness or other Obligation owed to Company or any other Subsidiary, make loans or advances or other Investments in the Company or any other
Subsidiary, or sell, transfer or otherwise convey any of its property to the Company or any other Subsidiary, or merge, consolidate with or liquidate into the Company or any other Subsidiary. 

(o) Hedging Obligations. The Company shall not and shall not permit any of its Subsidiaries to enter into any
Hedging Arrangements evidencing Hedging Obligations, other than Hedging Arrangements entered into by the Company or its Subsidiaries pursuant to which the Company or such Subsidiary has hedged its reasonably estimated interest rate, foreign currency
or commodity exposure, and which are non-speculative in nature. 
 (p) Issuance of Disqualified Stock.
From and after the Closing Date, neither the Company, nor any of its Subsidiaries shall issue any Disqualified Stock. All issued and outstanding Disqualified Stock shall be treated as Indebtedness for all purposes of this Agreement, and the amount
of such deemed Indebtedness shall be the aggregate amount of the liquidation preference of such Disqualified Stock. 

  
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 (q) Non-Guarantor Subsidiaries. The Company will not at any time
permit the sum of the aggregate assets of all of the Company’s Subsidiaries which are not Subsidiary Guarantors (the non-guarantor Subsidiaries being referred to collectively as the “Non-Obligor Subsidiaries”) to exceed twenty
percent (20%) of the Company’s and its Subsidiaries consolidated assets. 
 (r) Intercompany
Indebtedness. The Company shall not create, incur, assume or otherwise become or remain directly or indirectly liable with respect to any Indebtedness arising from loans from any Subsidiary to the Company unless (a) such Indebtedness is
unsecured and (ii) such Indebtedness shall be expressly subordinate to the payment in full in cash of the Obligations on terms satisfactory to the Administrative Agent. 

(s) Restricted Payments. The Company shall not, nor shall it permit any Subsidiary to, declare, make or pay any
Restricted Payments in excess of $200,000,000 in the aggregate during any period of twelve (12) consecutive months, other than (i) permitted Restricted Payments listed on Schedule 7.3(S), (ii) payments and prepayments of debt
permitted by Section 7.3(a)(x), (iii) payments and prepayments of the Transaction Facilities, including, in the case of funding of any Takeout Financing into escrow, any applicable mandatory redemption thereof where the conditions
to the release of proceeds from such escrow are not satisfied after the applicable period and (iv) Restricted Payments not exceeding $100,000,000 in the aggregate during any period of twelve (12) consecutive months so long as when each
such Restricted Payment is made, on a pro forma basis the ratio of (x) all Adjusted Indebtedness of the Company and its Subsidiaries, other than Indebtedness in respect of Financial Letters of Credit to (y) EBITDA for the most
recently-ended period of four-fiscal quarters, shall be less than 2.00:1.00. 
 SECTION 7.4 Financial Covenants. The
Company shall comply with the following: 
 (a) Maximum Leverage Ratio. The Company shall not permit the
ratio (the “Leverage Ratio”) of (i) all Adjusted Indebtedness of the Company and its Subsidiaries as of any date of determination to (ii) EBITDA for the most recently-ended period of four-fiscal quarters for which
financial statements were required to be delivered to be greater than the ratio set forth below for such applicable fiscal period: 
  

					
	 Period of Four Fiscal Quarters:
	  	Leverage Ratio	 
	 Fiscal quarter as of the Transaction Closing Date and the first two fiscal quarters ending immediately after the Transaction
Closing Date
	  	 
	3.25:1.00
	  

	 Third and fourth fiscal quarters ending immediately after the Transaction Closing Date
	  	 	3.00:1.00	  
	 Fifth and six fiscal quarters ending immediately after the Transaction Closing Date
	  	 	2.75:1.00	  
	 Thereafter
	  	 	2.50:1.00	  


  
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 For the avoidance of doubt, the Indebtedness of NEH will be excluded from
the Leverage Ratio. The Leverage Ratio (and for purposes of determining the Applicable Floating Rate Margin, Applicable Eurodollar Margin, Applicable L/C Fee Percentage and Applicable Commitment Fee Percentage pursuant to
Section 2.14(d)(ii), the Pricing Ratio) shall be calculated, (i) in the case of a determination thereof on the Transaction Closing Date (including, without limitation, for purposes of Section 5.1(g)) or on a pro forma
basis after giving effect to any action on any date (including, without limitation, for purposes of Section 7.3(s)(iv)), based upon (A) for Adjusted Indebtedness, Adjusted Indebtedness as of the Transaction Closing Date or such
date, as applicable, after giving pro forma effect to all actions as of the Transaction Closing Date or such date, as applicable and (B) for EBITDA, as described in clause (ii)(B) below; and (ii) in each other case, determined as of
the last day of each fiscal quarter based upon (A) for Adjusted Indebtedness, Adjusted Indebtedness as of the last day of each such fiscal quarter and (B) for EBITDA, the actual amount for the four quarter period ending on such day,
calculated, with respect to Permitted Acquisitions, on a pro forma basis using historical audited and reviewed unaudited financial statements obtained from the seller(s) in such Permitted Acquisition, broken down by fiscal quarter in the
Company’s reasonable judgment and satisfactory to the Administrative Agent and as reported to the Administrative Agent pursuant to the provisions of Section 7.3(f)(ii). 

(b) Minimum Fixed Charge Coverage Ratio. The Company and its consolidated Subsidiaries shall maintain a ratio
(“Fixed Charge Coverage Ratio”), without duplication, of Consolidated Net Income Available for Fixed Charges to Consolidated Fixed Charges of at least 1.75 to 1.00 for the most recently-ended period of four fiscal quarters for which
financial statements were required to be delivered, commencing with the first full fiscal quarter ending after the Transaction Closing Date through the Termination Date. 
 If, during the period for which Consolidated Net Income Available for Fixed Charges and Consolidated Fixed Charges are being calculated, the Company or any Subsidiary has acquired any Person (or the
assets thereof) resulting in such Person becoming or otherwise resulting in a Subsidiary, compliance with this Section 7.4(b) shall be determined by calculating Consolidated Net Income Available for Fixed Charges and Consolidated Fixed
Charges on a pro forma basis as if such Subsidiary had become such a Subsidiary on the first day of such period and any Indebtedness incurred in connection therewith was incurred on such date. 

(c) Minimum Consolidated Net Worth. The Company shall not permit its Consolidated Net Worth at any time after the
Transaction Closing Date to be less than the greater of (i) the sum of (a) $674,755,000 plus (b) fifty percent (50%) of the sum of Consolidated Net Income (if positive) earned in each fiscal quarter, commencing with the


  
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fiscal quarter ending on September 30, 2010, plus (c) 75% of the amount, if any, 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 June 30, 2010 and (ii) the minimum amount of Consolidated Net Worth that the Company shall be required to maintain under any instrument,
agreement or indenture pertaining to any Material Indebtedness. 
 ARTICLE VIII 

DEFAULTS 

SECTION 8.1 Defaults. Each of the following occurrences shall constitute a Default under this Agreement: 

(a) Failure to Make Payments When Due. The Company or any Subsidiary Borrower shall (i) fail to pay when due
any of the Obligations consisting of principal with respect to the Loans or L/C Obligations or (ii) shall fail to pay within five (5) days of the date when due any of the other Obligations under this Agreement or the other Loan Documents.

 (b) Breach of Certain Covenants. The Company shall fail duly and punctually to perform or observe any
agreement, covenant or obligation binding on the Company under Sections 7.1(a), 7.2(a), 7.2(f), 7.2(k), 7.3 or 7.4. 
 (c) Breach of Representation or Warranty. Any representation or warranty made or deemed made by the Company or any Subsidiary Borrower to the Administrative Agent or any Lender herein or by the
Company or any Subsidiary Borrower or any of its Subsidiaries in any of the other Loan Documents or in any statement or certificate or information at any time given by any such Person pursuant to any of the Loan Documents shall be false or
misleading in any material respect on the date as of which made (or deemed made). 
 (d) Other Defaults.
The Company or any Subsidiary Borrower shall default in the performance of or compliance with any term contained in this Agreement (other than as covered by paragraphs (a) or (b) or (c) of this Section 8.1), or the Company
or any Subsidiary Borrower or any of its Subsidiaries shall default in the performance of or compliance with any term contained in any of the other Loan Documents, and such default shall continue for thirty (30) days after the occurrence
thereof. 
 (e) Default as to Other Indebtedness. The Company or any of its Subsidiaries shall fail to
make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise) with respect to any Indebtedness (other than Indebtedness hereunder), beyond any period of grace provided with respect thereto, which
individually or together with other such Indebtedness as to which any such failure or other Default under this clause (e) exists has an aggregate outstanding principal amount equal to or in excess of Forty Million and 00/100 Dollars
($40,000,000) (such Indebtedness being “Material Indebtedness”); or any breach, default or event of default 

  
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(including any termination event, amortization event, liquidation event or event of like import arising under any agreement or instrument giving rise to any Off-Balance Sheet Liabilities) shall
occur, or any other condition shall exist under any instrument, agreement or indenture pertaining to any such Material Indebtedness, beyond any period of grace, if any, provided with respect thereto, if the effect thereof is to cause an
acceleration, mandatory redemption, a requirement that the Company offer to redeem or purchase such Indebtedness or other required repurchase or early amortization of such Indebtedness, or permit the holder(s) of such Indebtedness to accelerate the
maturity of any such Indebtedness or require a redemption, purchase, early amortization or repurchase of such Indebtedness; or any such Indebtedness shall be otherwise declared to be due and payable (by acceleration or otherwise) or required to be
prepaid, redeemed, amortized or otherwise repurchased by the Company or any of its Subsidiaries (other than by a regularly scheduled required prepayment) prior to the stated maturity thereof. 

(f) Involuntary Bankruptcy; Appointment of Receiver, Etc. 

(i) An involuntary case shall be commenced against the Company or any of the Company’s Subsidiaries and the petition
shall not be dismissed, stayed, bonded or discharged within forty-five (45) days after commencement of the case; or a court having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company or any of the
Company’s Subsidiaries in an involuntary case, under any applicable bankruptcy, insolvency or other similar law now or hereinafter in effect; or any other similar relief shall be granted under any applicable federal, state, local or foreign
law. 
 (ii) A decree or order of a court having jurisdiction in the premises for the appointment of a receiver,
liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company or any of the Company’s Subsidiaries or over all or a substantial part of the property of the Company or any of the Company’s Subsidiaries
shall be entered; or an interim receiver, trustee or other custodian of the Company or any of the Company’s Subsidiaries or of all or a substantial part of the property of the Company or any of the Company’s Subsidiaries shall be appointed
or a warrant of attachment, execution or similar process against any substantial part of the property of the Company or any of the Company’s Subsidiaries shall be issued and any such event shall not be stayed, dismissed, bonded or discharged
within forty-five (45) days after entry, appointment or issuance. 
 (g) Voluntary Bankruptcy;
Appointment of Receiver, Etc. The Company or any of the Company’s Subsidiaries shall (i) commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect except for any proceeding to
wind up the Toronto office of the business sold pursuant to the E&C Sale (to the extent bankruptcy has been initiated by The Shaw Group Inc. prior to the Transaction Closing Date), (ii) consent to the entry of an order for relief in an
involuntary case, or to the conversion of an involuntary case to a voluntary case, under any such law, (iii) consent to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its
property, (iv) make any assignment for the benefit of creditors or (v) take any corporate action to authorize any of the foregoing. 

  
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 (h) Judgments and Attachments. Any money judgment(s), writ or warrant
of attachment, or similar process against the Company or any of its Subsidiaries or any of their respective assets involving in any single case or in the aggregate an amount in excess of Forty Million and 00/100 Dollars ($40,000,000) (to the extent
not covered by independent third party insurance as to which the insurer does not dispute coverage) is or are entered and shall remain undischarged, unvacated, unbonded or unstayed for a period of thirty (30) days or in any event later than
fifteen (15) days prior to the date of any proposed sale thereunder except for money judgment(s), writ or warrant of attachment, or similar process against the equity interests of NEH obtained by Toshiba, Trustee or bondholders under the 2006
Bond Trust Deed (each capitalized term as defined in the Transaction Agreement). 
 (i) Dissolution. Any
order, judgment or decree shall be entered against the Company or any Subsidiary decreeing its involuntary dissolution or split up and such order shall remain undischarged and unstayed for a period in excess of forty-five (45) days; or the
Company or any Subsidiary shall otherwise dissolve or cease to exist except as specifically permitted by this Agreement. 
 (j) Loan Documents. At any time, for any reason, any Loan Document as a whole that materially affects the ability of the Administrative Agent, or any of the Lenders to enforce the Obligations
ceases to be in full force and effect or the Company or any of the Company’s Subsidiaries party thereto seeks to repudiate its obligations thereunder. 
 (k) Termination Event. Any Termination Event occurs which the Required Lenders believe is reasonably likely to subject the Company to liability in excess of $40,000,000, except as set forth on
Schedule 6.9. 
 (l) Waiver of Minimum Funding Standard. If the plan administrator of any Plan applies
under Section 412(d) of the Code for a waiver of the minimum funding standards of Section 412(a) of the Code and any Lender believes the substantial business hardship upon which the application for the waiver is based could reasonably be
expected to subject either the Company or any Controlled Group member to liability in excess of $40,000,000. 

(m) Change of Control. A Change of Control shall occur. 

(n) Environmental Matters. The Company or any of its Subsidiaries shall be the subject of any proceeding or
investigation (other than in connection with a Product Liability Event) pertaining to (i) the Release by the Company or any of its Subsidiaries of any Contaminant into the environment, (ii) the liability of the Company or any of its
Subsidiaries arising from the Release by any other Person of any Contaminant into the environment, or (iii) any violation of any Environmental, Health or Safety Requirements of Law which by the Company or any of its Subsidiaries, which, in any
case, has or is reasonably likely to subject the Company to liability individually or in the aggregate in excess of $40,000,000 (to the extent not covered by independent third party insurance as to which the insurer does not dispute coverage).


  
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 (o) Guarantor Revocation. Any Guarantor of the Obligations shall
terminate or revoke any of its obligations under the applicable Guaranty or breach any of the material terms of such Guaranty. 

A Default shall be deemed “continuing” until cured or until waived in writing in accordance with Section 9.2.

 ARTICLE IX 
 ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES 
 SECTION 9.1
Termination of Commitments; Acceleration. (a) If any Default described in Section 8.1(f) or 8.1(g) occurs with respect to the Company, any Subsidiary Borrower or any Subsidiary Guarantor, the obligations of the Lenders to make Loans
hereunder and the obligation of any Issuing Banks to issue Letters of Credit hereunder shall automatically terminate and the Obligations shall immediately become due and payable without any election, action, presentment, demand, protest or notice of
any kind on the part of the Administrative Agent or any Lender, all of which the Borrowers expressly waive. If any other Default occurs, the Required Lenders may terminate or suspend the obligations of the Lenders to make Loans hereunder and the
obligation of the Issuing Banks to issue Letters of Credit hereunder, or declare the Obligations to be due and payable, or both, whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or notice of
any kind, all of which the Borrowers expressly waive. In either case, upon the Obligations becoming so due and payable, each Borrower will also be and become thereby unconditionally obligated, without any further notice, act or demand, to pay to the
Administrative Agent an amount in immediately available funds, which funds shall be held in the Controlled Account, equal to the difference of (x) the amount of L/C Obligations at such time plus the aggregate amount of all fees and
expenses that may accrue or arise until all Letters of Credit have expired or been terminated, less (y) the amount on deposit in the Controlled Account at such time which is free and clear of all rights and claims of third parties and has not
been applied against the Obligations (such difference, the “Collateral Shortfall Amount”). 
 (b) If at any
time while any Default is continuing, the Administrative Agent determines that the Collateral Shortfall Amount at such time is greater than zero, the Administrative Agent may make demand on the Borrowers to pay, and the Borrowers will, forthwith
upon such demand and without any further notice or act, pay to the Administrative Agent the Collateral Shortfall Amount, which funds shall be deposited in the Controlled Account. 

(c) The Administrative Agent may at any time while any Default is continuing and funds are deposited in the Controlled Account, apply
such funds to the payment of the Obligations and any other amounts as shall from time to time have become due and payable by any Borrower to the Administrative Agent, the Lenders or the Issuing Banks under the Loan Documents. 

  
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 (d) At any time while any Default is continuing, neither any Borrower nor any Person
claiming on behalf of or through any Borrower shall have any right to withdraw any of the funds held in the Controlled Account. After all of the Obligations have been indefeasibly paid in full and the Aggregate Commitment has been terminated, any
funds remaining in the Controlled Account shall be returned by the Administrative Agent to the Company or paid to whomever may be legally entitled thereto at such time. 
 SECTION 9.2 Amendments. No amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent to any departure by any Borrower or any other Loan Party therefrom,
shall be effective unless in writing signed by the Required Lenders (or the Administrative Agent with the consent in writing of the Required Lenders) and such Borrower or the applicable Loan Party, as the case may be, and acknowledged by the
Administrative Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall: 

(a) Postpone or extend the Termination Date, the Commitment Termination Date, the expiry date of any Letter of Credit
beyond the Termination Date or any other date fixed for any payment of principal of, or interest on, the Loans, the L/C Obligations or any fees or other amounts payable to any Lender (except with respect to (a) any modifications of the
provisions relating to amounts, timing or application of optional prepayments of Loans and other Obligations, which modification shall require only the approval of the Required Lenders and (b) a waiver of the application of the default rate of
interest pursuant to Section 2.10 hereof which waiver shall require only the approval of the Required Lenders) or amend any provision of Section 2.4(b), in each case, without the consent of each Lender affected thereby.

 (b) Reduce the principal Dollar Amount of any Loans or L/C Obligations, or reduce the rate or extend the time
of payment of interest or fees thereon (other than a waiver of the application of the default rate of interest pursuant to Section 2.10 hereof) without the consent of each Lender affected thereby. 

(c) Reduce the percentage specified in the definition of Required Lenders or any other percentage of Lenders specified to
be the applicable percentage in this Agreement to act on specified matters or amend the definitions of “Required Lenders” or “Pro Rata Share” without the consent of each Lender. 

(d) Increase the amount of the Commitment of any Lender hereunder, increase any Lender’s Pro Rata Share or modify the
obligation of any Lender to make a disbursement in its Pro Rata Share thereof, in each case without the consent of such Lender. 

  
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 (e) Permit the Company or, other than pursuant to a transaction permitted
under the terms of this Agreement, any Subsidiary Borrower to assign its rights under this Agreement without the consent of each Lender. 
 (f) Other than pursuant to a transaction permitted by the terms of this Agreement, release any Guarantor from its obligations under the Guaranty without the consent of each Lender. 

(g) Amend Section 13.2, Section 13.3 or this Section 9.2 without the consent of each
Lender. 
 No amendment of any provision of this Agreement relating to (a) the Administrative Agent shall be effective
without the written consent of the Administrative Agent, (b) the Swing Line Loans shall be effective without the written consent of the Swing Line Lender and (c) any Issuing Bank shall be effective without the written consent of such
Issuing Bank. No amendment to Section 2.22 of this Agreement shall be effective without the written consent of the Administrative Agent, the Swing Line Lender and each Issuing Bank. The Administrative Agent may waive payment of the fee
required under Section 14.1(b) without obtaining the consent of any of the Lenders. Notwithstanding anything herein to the contrary, the Administrative Agent may amend the provisions of Exhibits A-1 and A-2 from time to time to take into
account the effectiveness of assignments made pursuant to Section 14.1 or changes in the Commitments pursuant to Section 2.5 or changes in the identities of the Issuing Banks, provided the failure to do so shall not otherwise
affect the rights or obligations of the Lenders or the Borrowers hereunder. 
 The Administrative Agent may notify the other
parties to this Agreement of any amendments to this Agreement which the Administrative Agent reasonably determines to be necessary as a result of the commencement of the third stage of the European Economic and Monetary Union. Notwithstanding
anything to the contrary contained herein, any amendments so notified shall take effect in accordance with the terms of the relevant notification. 
 SECTION 9.3 No Waiver; Cumulative Remedies; Enforcement. No waiver, amendment or other variation of the terms, conditions or provisions of the Loan Documents whatsoever shall be valid unless
in writing signed by the requisite number of Lenders required pursuant to Section 9.2, and then only to the extent in such writing specifically set forth. No failure by any Lender, any Issuing Bank or the Administrative Agent to
exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or
privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The making of a Loan or the issuance of a Letter of Credit notwithstanding the existence of a Default or Unmatured
Default or the inability of the Company or any other Borrower to satisfy the conditions precedent to such Loan or issuance of such Letter of Credit shall not constitute any waiver or acquiescence. The rights, remedies, powers and privileges herein
provided, and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law, and shall be available to the Administrative Agent and the Lenders until all of the Termination
Conditions shall have been satisfied. 

  
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 Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to
enforce rights and remedies hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and
maintained exclusively by, the Administrative Agent in accordance with Section 9.1 for the benefit of all the Lenders and the Issuing Banks; provided, however, that the foregoing shall not prohibit (a) the
Administrative Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) any Issuing Bank or the Swing Line
Lender from exercising the rights and remedies that inure to its benefit (solely in its capacity as an Issuing Bank or the Swing Line Lender, as the case may be) hereunder and under the other Loan Documents, (c) any Lender from exercising
setoff rights in accordance with Section 13.1 (subject to the terms of Section 13.2), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding
relative to any Loan Party under any Debtor Relief Law; and provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall
have the rights otherwise ascribed to the Administrative Agent pursuant to Section 9.1 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to
Section 13.2, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 
 ARTICLE X 
 GUARANTY 

SECTION 10.1 Guaranty. (a) For valuable consideration, the receipt of which is hereby acknowledged, and to induce the
Lenders to make advances to each Borrower and to issue and participate in Letters of Credit and Swing Line Loans, the Company and each Subsidiary Borrower (collectively, including the Company, the “Borrower Guarantors”) hereby
absolutely and unconditionally guarantees prompt payment when due, whether at stated maturity, upon acceleration or otherwise, and at all times thereafter, of any and all existing and future Obligations of each Borrower to the Administrative Agent,
the Lenders, the Swing Line Lender, the Issuing Banks, or any of them, under or with respect to the Loan Documents, whether for principal, interest, fees, expenses or otherwise, and all Hedging Obligations of any Borrower owing to any Lender or any
Affiliate of any Lender under any Designated Hedging Agreement (collectively, the “Guaranteed Obligations”). 

(b) Without limiting the generality of the foregoing, each Subsidiary Guarantor’s liability shall extend to all amounts that
constitute part of the Guaranteed Obligations and would be owed by any other Loan Party to any Lender under or in respect of the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy,
reorganization or similar proceeding involving such other Loan Party. Each Guarantor, and by its acceptance of this Guaranty, the Administrative Agent and each other Lender Party, hereby confirms that it is the intention of all such Persons that
this Guaranty and 

  
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the Obligations of each Subsidiary Guarantor hereunder not constitute a fraudulent transfer or conveyance for purposes of Debtor Relief Laws, the Uniform Fraudulent Conveyance Act, the Uniform
Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to this Guaranty and the Obligations of each Subsidiary Guarantor hereunder. To effectuate the foregoing intention, the Administrative Agent, the Lenders
and the Guarantors hereby irrevocably agree that the Obligations of each Subsidiary Guarantor under this Guaranty at any time shall be limited to the maximum amount as will result in the Obligations of such Guarantor under this Guaranty not
constituting a fraudulent transfer or conveyance. Each Guarantor hereby unconditionally and irrevocably agrees that in the event any payment shall be required to be made to any Lender under this Guaranty or any other guaranty, such Guarantor will
contribute, to the maximum extent permitted by law, such amounts to each other Guarantor and each other guarantor so as to maximize the aggregate amount paid to the Lenders under or in respect of the Loan Documents. 

SECTION 10.2 Waivers; Subordination of Subrogation. 
 (a) Waivers. Each Borrower Guarantor waives notice of the acceptance of this guaranty and of the extension or continuation of the Guaranteed Obligations or any part thereof. Each Guarantor further
waives presentment, protest, notice of notices delivered or demand made on any Borrower or action or delinquency in respect of the Guaranteed Obligations or any part thereof, including any right to require the Administrative Agent and the Lenders to
sue any Borrower, any other guarantor or any other Person obligated with respect to the Guaranteed Obligations or any part thereof; provided, that if at any time any payment of any portion of the Guaranteed Obligations is rescinded or must
otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of any of the Borrowers or otherwise, the Borrower Guarantors’ obligations hereunder with respect to such payment shall be reinstated at such time as though
such payment had not been made and whether or not the Administrative Agent or the Lenders are in possession of this guaranty. The Administrative Agent and the Lenders shall have no obligation to disclose or discuss with any Borrower Guarantor their
assessments of the financial condition of any of the Borrowers. 
 (b) Subordination of Subrogation. Until the Guaranteed
Obligations have been indefeasibly paid in full in cash, each Borrower Guarantor (i) shall have no right of subrogation with respect to such Guaranteed Obligations and (ii) waives any right to enforce any remedy which the Administrative
Agent now has or may hereafter have against any Borrower, any other Guarantor, any endorser or any guarantor of all or any part of the Guaranteed Obligations or any other Person. Should any Borrower Guarantor have the right, notwithstanding the
foregoing, to exercise its subrogation rights, each Borrower Guarantor hereby expressly and irrevocably (a) subordinates any and all rights at law or in equity to subrogation, reimbursement, exoneration, contribution, indemnification or set off
that such Borrower Guarantor may have to the indefeasible payment in full in cash of the Guaranteed Obligations and (b) waives any and all defenses available to a surety, guarantor or accommodation co-obligor until the Guaranteed Obligations
are indefeasibly paid in full in cash. Each Borrower Guarantor acknowledges and agrees that this subordination is intended to benefit the Administrative Agent and shall not limit or otherwise affect any Borrower Guarantor’s liability hereunder
or the enforceability of this Guaranty, and that the Administrative Agent, the Lenders and their successors and assigns are intended third party beneficiaries of the waivers and agreements set forth in this Section 10.2. 

  
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 SECTION 10.3 Guaranty Absolute. This guaranty is a guaranty of payment and not
of collection, is a primary obligation of each Borrower Guarantor and not one of surety, and the validity and enforceability of this guaranty shall be absolute and unconditional irrespective of, and shall not be impaired or affected by any of the
following: (a) any extension, modification or renewal of, or indulgence with respect to, or substitutions for, the Guaranteed Obligations or any part thereof or any agreement relating thereto at any time; (b) any failure or omission to
enforce any right, power or remedy with respect to the Guaranteed Obligations or any part thereof or any agreement relating thereto; (c) any waiver of any right, power or remedy with respect to the Guaranteed Obligations or any part thereof or
any agreement relating thereto; (d) any release, surrender, compromise, settlement, waiver, subordination or modification, with or without consideration, any other guaranties with respect to the Guaranteed Obligations or any part thereof, or
any other obligation of any Person with respect to the Guaranteed Obligations or any part thereof; (e) the enforceability or validity of the Guaranteed Obligations or any part thereof or the genuineness, enforceability or validity of any
agreement relating thereto, including, without limitation, as a result of a Country Risk Event; (f) the application of payments received from any source to the payment of obligations other than the Guaranteed Obligations, any part thereof or
amounts which are not covered by this guaranty even though the Administrative Agent and the Lenders might lawfully have elected to apply such payments to any part or all of the Guaranteed Obligations or to amounts which are not covered by this
guaranty; (g) any change in the ownership of any Borrower or the insolvency, bankruptcy or any other change in the legal status of any Borrower; (h) the change in or the imposition of any law, decree, regulation or other governmental act
which does or might impair, delay or in any way affect the validity, enforceability or the payment when due of the Guaranteed Obligations; (i) the failure of the Company or any other Borrower to maintain in full force, validity or effect or to
obtain or renew when required all governmental and other approvals, licenses or consents required in connection with the Guaranteed Obligations or this guaranty, or to take any other action required in connection with the performance of all
obligations pursuant to the Guaranteed Obligations or this guaranty; (j) the existence of any claim, setoff or other rights which the Company may have at any time against any Borrower, or any other Person in connection herewith or an unrelated
transaction; or (k) any other circumstances, whether or not similar to any of the foregoing, which could constitute a defense to a guarantor; all whether or not such Borrower Guarantor shall have had notice or knowledge of any act or omission
referred to in the foregoing clauses (a) through (k) of this paragraph. It is agreed that each Borrower Guarantor’s liability hereunder is several and independent of any other guaranties or other obligations at any time in effect with
respect to the Guaranteed Obligations or any part thereof and that each Guarantor’s liability hereunder may be enforced regardless of the existence, validity, enforcement or non-enforcement of any such other guaranties or other obligations or
any provision of any applicable law or regulation purporting to prohibit payment by any Borrower of the Guaranteed Obligations in the manner agreed upon between the Borrower and the Administrative Agent and the Lenders. 

SECTION 10.4 Acceleration. Each Borrower Guarantor agrees that, as between such Borrower Guarantor on the one hand, and the
Lenders and the Administrative Agent, on the other hand, the obligations of each Borrower guaranteed under this Article X may be declared to 

  
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be forthwith due and payable, or may be deemed automatically to have been accelerated, as provided in Section 9.1 hereof for purposes of this Article X, notwithstanding
any stay, injunction or other prohibition (whether in a bankruptcy proceeding affecting such Borrower or otherwise) preventing such declaration as against such Borrower and that, in the event of such declaration or automatic acceleration, such
obligations (whether or not due and payable by such Borrower) shall forthwith become due and payable by each Borrower Guarantor for purposes of this Article X. 
 SECTION 10.5 Marshaling; Reinstatement. None of the Lenders nor the Administrative Agent nor any Person acting for or on behalf of the Lenders or the Administrative Agent shall have any
obligation to marshal any assets in favor of any Borrower Guarantor or against or in payment of any or all of the Guaranteed Obligations. If any Borrower Guarantor or any other guarantor of all or any part of the Guaranteed Obligations makes a
payment or payments to any Lender or the Administrative Agent, which payment or payments or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to any Borrower Guarantor or
any other guarantor or any other Person, or their respective estates, trustees, receivers or any other party, including, without limitation, each Borrower Guarantor, under any bankruptcy law, state or federal law, common law or equitable cause,
then, to the extent of such payment or repayment, the part of the Guaranteed Obligations which has been paid, reduced or satisfied by such amount shall be reinstated and continued in full force and effect as of the time immediately preceding such
initial payment, reduction or satisfaction. 
 SECTION 10.6 Termination Date. This guaranty is a continuing guaranty
and shall remain in effect until the later of (a) the Facility Termination Date, and (b) the date on which all of the Guaranteed Obligations have been paid in full in cash, subject to the proviso in Section 10.2(a). 

ARTICLE XI 

GENERAL PROVISIONS 
 SECTION 11.1 Survival of Representations. All representations and warranties made hereunder and in any other Loan Document shall survive the execution and delivery hereof and thereof. Such
representations and warranties have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the
Administrative Agent or any Lender may have had notice or knowledge of any Default or Unmatured Default at the time of the making of any Loan or the issuance, amendment or renewal of any Letter of Credit, and shall continue in full force and effect
as long as any Loan or any other Obligation hereunder (other than contingent indemnification obligations for which a claim has not been made) shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. 

SECTION 11.2 Governmental Regulation. Anything contained in this Agreement to the contrary notwithstanding, no Lender shall
be obligated to extend credit to the Company or any other Borrower in violation of any limitation or prohibition provided by any applicable statute or regulation. 

  
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 SECTION 11.3 Performance of Obligations. The Borrowers agree that the
Administrative Agent may, but shall have no obligation to (i) at any time, pay or discharge taxes, liens, security interests or other encumbrances levied or placed on or threatened against any property of any Borrower to the extent any such
Borrower is required by the terms hereof to pay any such amount, but has not done so and (ii) after the occurrence and during the continuance of a Default, to make any other payment or perform any act required of the Company or any other
Borrower under any Loan Document or take any other action which the Administrative Agent in its discretion deems necessary or desirable to protect or preserve such property of the Company. The Administrative Agent shall use its reasonable efforts to
give the applicable Borrower notice of any action taken under this Section 11.3 prior to the taking of such action or promptly thereafter provided the failure to give such notice shall not affect the applicable Borrower’s obligations in
respect thereof. The Borrowers agree to pay the Administrative Agent, upon demand, the principal amount of all funds advanced by the Administrative Agent under this Section 11.3, together with interest thereon at the rate from time to time
applicable to Floating Rate Loans from the date of such advance until the outstanding principal balance thereof is paid in full. If any Borrower fails to make payment in respect of any such advance under this Section 11.3 within one
(1) Business Day after the date the applicable Borrower receives written demand therefor from the Administrative Agent, the Administrative Agent shall promptly notify each Lender and each Lender agrees that it shall thereupon make available to
the Administrative Agent, in Dollars in immediately available funds, the amount equal to such Lender’s Pro Rata Share of such advance. If such funds are not made available to the Administrative Agent by such Lender within one (1) Business
Day after the Administrative Agent’s demand therefor, the Administrative Agent will be entitled to recover any such amount from such Lender together with interest thereon at the Federal Funds Effective Rate for each day during the period
commencing on the date of such demand and ending on the date such amount is received. The failure of any Lender to make available to the Administrative Agent its Pro Rata Share of any such unreimbursed advance under this Section 11.3 shall
neither relieve any other Lender of its obligation hereunder to make available to the Administrative Agent such other Lender’s Pro Rata Share of such advance on the date such payment is to be made nor increase the obligation of any other Lender
to make such payment to the Administrative Agent. 
 SECTION 11.4 Headings. Section headings in the Loan Documents
are for convenience of reference only, and shall not govern the interpretation of any of the provisions of the Loan Documents. 

SECTION 11.5 Entire Agreement. The Loan Documents embody the entire agreement and understanding among the Borrowers, the
Administrative Agent, the Syndication Agent and the Lenders and supersede all prior agreements and understandings among the Borrowers, the Administrative Agent, the Syndication Agent and the Lenders relating to the subject matter thereof.

 SECTION 11.6 Several Obligations; Benefits of this Agreement. The respective obligations of the Lenders hereunder
are several and not joint and no Lender shall be the partner or agent of any other Lender (except to the extent to which the Administrative Agent is 

  
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authorized to act as such). The failure of any Lender to perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. This Agreement shall
not be construed so as to confer any right or benefit upon any Person other than the parties to this Agreement and their respective successors and assigns. 
 SECTION 11.7 Expenses; Indemnity; Damage Waiver. 
 (a)
Expenses. The Borrowers shall reimburse the Administrative Agent and each Arranger for any reasonable costs, internal charges and out-of-pocket expenses (including reasonable attorneys’ and paralegals’ fees and time charges of
attorneys and paralegals for the Administrative Agent or such Arranger, which attorneys and paralegals may be employees of the Administrative Agent or such Arranger) paid or incurred by the Administrative Agent or such Arranger in connection with
the preparation, negotiation, execution, delivery, syndication, distribution (including via the internet), review, amendment, modification, and administration of the Loan Documents. The Borrowers also agree to reimburse the Administrative Agent and
each Arranger and the Lenders for any costs, internal charges and out-of-pocket expenses (including attorneys’ and paralegals’ fees and time charges of attorneys and paralegals for the Administrative Agent and such Arranger and the
Lenders, which attorneys and paralegals may be employees of the Administrative Agent or such Arranger or the Lenders) paid or incurred by the Administrative Agent or such Arranger or any Lender in connection with the collection of the Obligations
and enforcement of the Loan Documents. In addition to expenses set forth above, the Borrowers agree to reimburse the Administrative Agent, promptly after the Administrative Agent’s request therefor, for each audit, or other business analysis
performed by or for the benefit of the Lenders in connection with this Agreement or the other Loan Documents in an amount equal to the Administrative Agent’s then customary charges for each person employed to perform such audit or analysis,
plus all costs and expenses (including, without limitation, travel expenses) incurred by the Administrative Agent in the performance of such audit or analysis. Administrative Agent shall provide the Borrowers with a detailed statement of all
reimbursements requested under this Section 11.7(a). 
 (b) Indemnity. The Borrowers further agree to defend,
protect, indemnify, and hold harmless the Administrative Agent, each Arranger and each and all of the Lenders and Issuing Banks, and each of such Administrative Agent’s, Arranger’s, Lender’s or Issuing Bank’s respective Related
Parties (including, without limitation, those retained in connection with the satisfaction or attempted satisfaction of any of the conditions set forth in Article V) (collectively, the “Indemnitees”) from and against any
and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, claims, costs, expenses of any kind or nature whatsoever (including, without limitation, the fees and disbursements of counsel for such Indemnitees in
connection with any investigative, administrative or judicial proceeding, whether or not any of such Indemnitees shall be designated a party thereto), imposed on, incurred by, or asserted against such Indemnitees in any manner relating to or arising
out of: 
 (i) this Agreement or any of the other Loan Documents, or any act, event or transaction related or
attendant thereto or to the making of the Loans, and the issuance of and participation in Letters of Credit hereunder, the management of such Loans or Letters of Credit, the use or intended use of the proceeds of the Loans or Letters of Credit
hereunder, or any of the other transactions contemplated by the Loan Documents (including, without limitation, the reliance of any Indemnitee on each notice that such Indemnitee believes in good faith is given by or on behalf of any Borrower); or


  
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 (ii) any liabilities, obligations, responsibilities, losses, damages,
personal injury, death, punitive damages, economic damages, consequential damages, treble damages, intentional, willful or wanton injury, damage or threat to the environment, natural resources or public health or welfare, costs and expenses
(including, without limitation, attorney, expert and consulting fees and costs of investigation, feasibility or remedial action studies), fines, penalties and monetary sanctions, interest, direct or indirect, known or unknown, absolute or
contingent, past, present or future relating to violation of any Environmental, Health or Safety Requirements of Law arising from or in connection with the past, present or future operations of the Company, its Subsidiaries or any of their
respective predecessors in interest, or, the past, present or future environmental, health or safety condition of any respective property of the Company or its Subsidiaries, the presence of asbestos-containing materials at any respective property of
the Company or its Subsidiaries or the Release or threatened Release of any Contaminant into the environment (collectively, the “Indemnified Matters”); 
 provided, however, no Borrower shall have any obligation to an Indemnitee hereunder with respect to Indemnified Matters caused solely by or resulting solely from the willful misconduct or
Gross Negligence of such Indemnitee with respect to the Loan Documents, as determined by the final non-appealed judgment of a court of competent jurisdiction. If the undertaking to indemnify, pay and hold harmless set forth in the preceding sentence
may be unenforceable because it is violative of any law or public policy, the applicable Borrower shall contribute the maximum portion which it is permitted to pay and satisfy under applicable law, to the payment and satisfaction of all Indemnified
Matters incurred by the Indemnitees. 
 (c) Reimbursement by Lenders. To the extent that any Borrower for any reason
fails to indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), any Issuing Bank, the Swing Line Lender or any Related Party
of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), the Issuing Banks, the Swing Line Lender or such Related Party, as the case may be, such Lender’s Pro Rata Share (determined as of
the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender), such payment to be made severally among them based on such
Lenders’ respective Pro Rata Shares (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought), provided, further that, the unreimbursed expense or indemnified loss, claim, damage, liability or related
expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent), the applicable Issuing Bank in its capacity as such, the Swing Line Lender in its capacity as such, or against any Related Party of
any of the foregoing acting for the Administrative Agent (or any such sub-agent), the applicable Issuing Bank in connection with such capacity or the Swing Line Lender in connection with such capacity. The obligations of the Lenders under this
subsection (c) are subject to the provisions of Section 12.11. 

  
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 (d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by
applicable law, no party hereto shall assert, and each party hereto hereby waives, and acknowledges that no other Person shall have, any claim against any other party hereto or any Indemnitee, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions
contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information
or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions
contemplated hereby or thereby other than for direct or actual damages resulting from the Gross Negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent jurisdiction. 

(e) Survival of Agreements. The obligations and agreements of the Borrowers under this Section 11.7 shall survive the
termination of this Agreement and shall survive the resignation of the Administrative Agent, the Swing Line Lender or any Issuing Bank or the replacement of any Lender. 
 (f) Payment. All amounts due under the preceding clauses (a) and (b) of this Section 11.7 shall be payable promptly after written demand therefor. 

SECTION 11.8 Numbers of Documents. All statements, notices, closing documents, and requests hereunder shall be furnished to
the Administrative Agent with sufficient counterparts so that the Administrative Agent may furnish one to each of the Lenders. 

SECTION 11.9 Accounting. Except as provided to the contrary herein, all accounting terms used herein shall be interpreted and
all accounting determinations hereunder shall be made in accordance with Agreement Accounting Principles. If any changes in generally accepted accounting principles are hereafter required or permitted and are adopted by the Company or any of its
Subsidiaries with the agreement of its independent certified public accountants and such changes result in a change in the method of calculation of any of the financial covenants, tests, restrictions or standards herein or in the related definitions
or terms used therein (“Accounting Changes”), the parties hereto agree, at the Company’s request, to enter into negotiations, in good faith, in order to amend such provisions in a credit neutral manner so as to reflect
equitably such changes with the desired result that the criteria for evaluating the Company’s and its Subsidiaries’ financial condition shall be the same after such changes as if such changes had not been made; provided,
however, until such provisions are amended in a manner reasonably satisfactory to the Administrative Agent and the Required Lenders, no Accounting Change shall be given effect in such calculations and all financial statements and reports
required to be delivered hereunder shall be prepared in accordance with Agreement Accounting Principles without taking into account such Accounting Changes. In the event such amendment is entered into, all references in this Agreement to Agreement
Accounting Principles shall mean generally accepted accounting principles as of the date of such amendment. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all
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herein shall be made, without giving effect to any election under Accounting Standards Codification 825-10-25 (previously referred to as Statement of Financial Accounting Standards 159) (or any
other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Company or any of its Subsidiaries at “fair value”, as defined therein.

 SECTION 11.10 Severability of Provisions. If any provision of this Agreement or the other Loan Documents is held
to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor
in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a
provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 11.10, if and to the extent that the enforceability of any
provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, the Swing Line Lender or an Issuing Bank, as applicable, then such provisions shall be
deemed to be in effect only to the extent not so limited. 
 SECTION 11.11 No Advisory or Fiduciary Responsibility.
The relationship between the Borrowers and the Lenders and the Administrative Agent shall be solely that of borrower and lender. Neither the Administrative Agent nor any Lender undertakes any responsibility to any Borrower to review or inform any
Borrower of any matter in connection with any phase of the Borrowers’ business or operations. In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification
hereof or of any other Loan Document), each Borrower and each other Loan Party acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (i) (A) the arranging and other services regarding this Agreement provided
by the Administrative Agent, the Arrangers and the Lenders are arm’s-length commercial transactions between the Borrowers, each other Loan Party and their respective Affiliates, on the one hand, and the Administrative Agent, the Arrangers and
the Lenders, on the other hand, (B) each of the Borrowers and the other Loan Parties has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) each of the Borrowers and the other
Loan Parties is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) the Administrative Agent, each Arranger and each Lender
is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for any Borrower, any other Loan Party or any of their
respective Affiliates, or any other Person and (B) neither the Administrative Agent, any Arranger nor any Lender has any obligation to any Borrower, any other Loan Party or any of their respective Affiliates with respect to the transactions
contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent, the Arrangers and the Lenders and their respective Affiliates may be engaged in a broad range of
transactions that involve interests that differ from those of the Borrowers, the other Loan Parties and their respective Affiliates, and neither the Administrative Agent, any Arranger nor any Lender has any obligation to disclose any of such
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Party or any of their respective Affiliates. To the fullest extent permitted by law, each of the Borrowers and each other Loan Party hereby waives and releases any claims that it may have against
the Administrative Agent, any Arranger or any Lender with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 

SECTION 11.12 GOVERNING LA. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF
NEW YORK. 
 SECTION 11.13 CONSENT TO JURISDICTION; SERVICE OF PROCESS; WAIVER OF JURY TRIAL. 

(a) SUBMISSION TO JURISDICTION. EACH LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION,
LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST THE ADMINISTRATIVE AGENT, ANY LENDER, ANY ISSUING BANK, OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY RELATING TO
THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER THAN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW
YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD
AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, A FINAL JUDGMENT IN ANY SUCH ACTION,
LITIGATION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE
ADMINISTRATIVE AGENT, ANY LENDER OR ANY ISSUING BANK MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

(b) WAIVER OF VENUE. EACH LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH OF THE
PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

  
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 (c) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS
IN THE MANNER PROVIDED FOR NOTICES IN ARTICLE XV. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

(d) WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY
OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

(e) ADVICE OF COUNSEL. EACH OF THE PARTIES REPRESENTS TO EACH OTHER PARTY HERETO THAT IT HAS DISCUSSED THIS AGREEMENT AND,
SPECIFICALLY, THE PROVISIONS OF SECTION 11.7 AND THIS SECTION 11.13, WITH ITS COUNSEL. 
 SECTION 11.14 Other
Transactions. Each of the Administrative Agent, the Arrangers, the Lenders, the Swing Line Lender, the Issuing Banks, the Company and the Borrowers acknowledge that the Lenders (or Affiliates of the Lenders) may, from time to time, effect
transactions for their own accounts or the accounts of customers, and hold positions in loans or options on loans of the Company, the Company’s Subsidiaries and other companies that may be the subject of this credit arrangement and nothing in
this Agreement shall impair the right of any such Person to enter into any such transaction (to the extent it is not expressly prohibited by the terms of this Agreement) or give any other Person any claim or right of action hereunder as a result of
the existence of the credit arrangements hereunder, all of which are hereby waived. In addition, certain Affiliates of one or more of the Lenders are or may be securities firms and as such may effect, from time to time, transactions for their own
accounts or for the accounts of customers and hold positions in securities or options on securities of the Company, the Company’s Subsidiaries and other companies that may be the subject of this credit arrangement and nothing in this Agreement
shall impair the right of any such Person to enter into any such transaction (to the extent it is not expressly prohibited by the terms of this Agreement) or give any other Person any claim or right of action hereunder as a result of the existence
of the credit arrangements hereunder, all of which are hereby waived. Each of the Administrative Agent, the Arrangers, the Lenders, the Swing Line Lender, the Issuing Banks, the Company and 

  
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the Borrowers acknowledges and consents to these multiple roles, and further acknowledges that the fact that any such unit or Affiliate is providing another service or product or proposal
therefor to the Company or any of its Subsidiaries does not mean that such service, product, or proposal is or will be acceptable to any of the Administrative Agent, the Arrangers, the Lenders, the Swing Line Lender or the Issuing Banks. 

SECTION 11.15 Subordination of Intercompany Indebtedness. Each Borrower Guarantor agrees that any and all claims of such
Borrower Guarantor against any other Loan Party with respect to any “Intercompany Indebtedness” (as hereinafter defined) shall be subordinate and subject in right of payment to the prior payment, in full and in cash, of all Obligations and
Hedging Obligations under Hedging Arrangements entered into with the Lenders or any of their Affiliates (“Designated Hedging Agreements”); provided that, and not in contravention of the foregoing, so long as no Default has
occurred and is continuing each Borrower Guarantor may make loans to and receive payments in the ordinary course with respect to such Intercompany Indebtedness from another Loan Party to the extent not prohibited by the terms of this Agreement and
the other Loan Documents. Notwithstanding any right of any Borrower Guarantor to ask, demand, sue for, take or receive any payment from any other Loan Party, all rights, liens and security interests of any Borrower Guarantor, whether now or
hereafter arising and howsoever existing, in any assets of any other Loan Party shall be and are subordinated to the rights of the holders of the Obligations and the Administrative Agent in those assets. No Borrower Guarantor shall have any right to
possession of any such asset or to foreclose upon any such asset, whether by judicial action or otherwise, unless and until all of the Obligations (other than contingent indemnity obligations) and the Hedging Obligations under Designated Hedging
Agreements shall have been fully paid and satisfied (in cash) and all financing arrangements pursuant to any Loan Document or Designated Hedging Agreement have been terminated. If all or any part of the assets of any Loan Party, or the proceeds
thereof, are subject to any distribution, division or application to the creditors of such Loan Party, whether partial or complete, voluntary or involuntary, and whether by reason of liquidation, bankruptcy, arrangement, receivership, assignment for
the benefit of creditors or any other action or proceeding, or if the business of any such Loan Party is dissolved or if substantially all of the assets of any such Loan Party are sold, then, and in any such event (such events being herein referred
to as an “Insolvency Event”), any payment or distribution of any kind or character, either in cash, securities or other property, which shall be payable or deliverable upon or with respect to any indebtedness of any such Loan Party
to any Borrower Guarantor (“Intercompany Indebtedness”) shall be paid or delivered directly to the Administrative Agent for application on any of the Obligations and Hedging Obligations under Designated Hedging Agreements, due or to
become due, until such Obligations and Hedging Obligations (other than contingent indemnity obligations) shall have first been fully paid and satisfied (in cash). Should any payment, distribution, security or instrument or proceeds thereof be
received by any Borrower Guarantor upon or with respect to the Intercompany Indebtedness after an Insolvency Event prior to the satisfaction of all of the Obligations (other than contingent indemnity obligations) and Hedging Obligations under
Designated Hedging Agreements and the termination of all financing arrangements pursuant to any Loan Document and or Designated Hedging Agreements, such Borrower Guarantor shall receive and hold the same in trust, as trustee, for the benefit of the
holders of the Obligations and such Hedging Obligations and shall forthwith deliver the same to the Administrative Agent, for the benefit of such Persons, in precisely the form received (except for the endorsement or assignment of such Borrower
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to any of the Obligations and such Hedging Obligations, due or not due, and, until so delivered, the same shall be held in trust by such Borrower Guarantor as the property of the holders of the
Obligations and such Hedging Obligations. If any Borrower Guarantor fails to make any such endorsement or assignment to the Administrative Agent, the Administrative Agent or any of its officers or employees are irrevocably authorized to make the
same. Each Borrower Guarantor agrees that until the Obligations (other than the contingent indemnity obligations) and such Hedging Obligations have been paid in full (in cash) and satisfied and all financing arrangements pursuant to any Loan
Document or any Designated Hedging Agreement have been terminated, no Borrower Guarantor will assign or transfer to any Person (other than the Administrative Agent) any claim such Borrower Guarantor has or may have against any other Loan Party.

 SECTION 11.16 Lenders Not Utilizing Plan Assets. None of the consideration used by any of the Lenders to make its
Loans constitutes for any purpose of ERISA or Section 4975 of the Code assets of any “plan” as defined in Section 3(3) of ERISA or Section 4975 of the Code and the rights and interests of each of the Lenders in and under the
Loan Documents shall not constitute such “plan assets” under ERISA. 
 SECTION 11.17 Collateral. Each of
the Lenders and the Issuing Banks represents to the Administrative Agent, each of the other Lenders and each of the other Issuing Banks that it in good faith is not relying upon any “margin stock” (as defined in Regulation U) as
collateral in the extension or maintenance of the credit provided for in this Agreement. 
 SECTION 11.18 USA PATRIOT
Act, Bank Secrecy Act and Office of Foreign Assets Control. Each Lender that is subject to the Act (as hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrowers that pursuant to
the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies the Borrowers, which information
includes the name and address of each Borrower and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrowers in accordance with the Act. Each Borrower shall, promptly following a request by
the Administrative Agent or any Lender, provide all documentation and other information that the Administrative Agent or such Lender reasonably requests in order to comply with its ongoing obligations under applicable “know your customer”
and anti-money laundering rules and regulations, including the Act. In addition, and without limiting the foregoing sentence, each Borrower shall (a) ensure, and cause each Subsidiary, if applicable, to ensure, that no Person who owns a
controlling interest in or otherwise controls such Borrower or any Subsidiary is or shall be listed in the Specially Designated Nationals and Blocked Person List or other similar lists maintained by the Office of Foreign Assets Control
(“OFAC”), the Department of the Treasury or included in any Executive Orders, (b) not use or permit the use of the proceeds of the Loans to violate any of the foreign asset control regulations of OFAC or any enabling statute or
Executive Order relating thereto, and (c) comply, and cause each Subsidiary, if applicable, to comply, with all applicable Bank Secrecy Act (“BSA”) laws and regulations, as amended. 

SECTION 11.19 Payments Set Aside. To the extent that any payment by or on behalf of any Borrower is made to the
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payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement
entered into by the Administrative Agent, any Issuing Bank or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the
extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and
each such Issuing Bank severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such
demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders and the Issuing Banks under clause (b) of the preceding sentence shall survive the
payment in full of the Obligations and the termination of this Agreement. 
 ARTICLE XII 

THE ADMINISTRATIVE AGENT 
 SECTION 12.1 Appointment and Authority. Each of the Lenders and the Issuing Banks hereby irrevocably appoints BofA to act on its behalf as the Administrative Agent hereunder and under the
other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are
reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the Issuing Banks, and neither any Borrower nor any other Loan Party shall have rights as a third party beneficiary
of any of such provisions (except as set forth in Section 12.6(a) with respect to the Company). It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with
reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Requirement of Law. Instead such term is used as a matter of market custom, and
is intended to create or reflect only an administrative relationship between contracting parties. 
 SECTION 12.2 Rights
as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term
“Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its
Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with any Borrower or any Subsidiary or other Affiliate thereof as
if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders. 

SECTION 12.3 Exculpatory Provisions. The Administrative Agent shall not have any duties or obligations except those expressly
set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Administrative Agent: 

  
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 (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a
Default or Unmatured Default has occurred and is continuing; 
 (b) shall not have any duty to take any discretionary action or
exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such
other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel,
may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may
effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and 

(c) shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable
for the failure to disclose, any information relating to any Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity. 

The Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the
Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 9.1 and 9.2) or
(ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and non-appealable judgment. The Administrative Agent shall be deemed not to have knowledge of any Default or
Unmatured Default unless and until notice describing such Default or Unmatured Default is given in writing to the Administrative Agent by a Borrower, a Lender or an Issuing Bank. 

The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or
representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default or Unmatured Default, (iv) the validity, enforceability, effectiveness or genuineness of
this Agreement, any other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Article V or elsewhere herein, other than to confirm receipt of items expressly required to be
delivered to the Administrative Agent. 
 SECTION 12.4 Reliance by Administrative Agent. The Administrative Agent
shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting
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genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by
it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a Letter of Credit,
that by its terms must be fulfilled to the satisfaction of a Lender or Issuing Bank, the Administrative Agent may presume that such condition is satisfactory to such Lender or Issuing Bank unless the Administrative Agent shall have received notice
to the contrary from such Lender or Issuing Bank prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for a Borrower), independent accountants and
other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 
 SECTION 12.5 Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through
any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The
exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit
facilities provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines
in a final and non appealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 
 SECTION 12.6 Resignation of Administrative Agent. 
 (a) The
Administrative Agent may at any time give notice of its resignation to the Lenders, the Issuing Banks and the Company. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Company, to
appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted
such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative
Agent may (but shall not be obligated to) on behalf of the Lenders and the Issuing Banks, appoint a successor Administrative Agent meeting the qualifications set forth above. Notwithstanding anything herein to the contrary, (i) so long as no
Default has occurred and is continuing, each such successor Administrative Agent shall be subject to the approval of the Company, which approval shall not be unreasonably withheld or delayed and (ii) whether or not a successor has been
appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date. 

  
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 (b) With effect from the Resignation Effective Date (1) the retiring Administrative
Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents and (2) except for any indemnity payments or other amounts then owed to the retiring Administrative Agent, all payments, communications and
determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and Issuing Bank directly, until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided
for above. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Administrative Agent (other
than as otherwise provided herein and other than any rights to indemnity payments or other amounts owed to the retiring Administrative Agent as of the Resignation Effective Date), and the retiring Administrative Agent shall be discharged from all of
its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrowers to a successor Administrative Agent shall be the same as those payable
to its predecessor unless otherwise agreed between the Borrowers and such successor. After the retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and Section 11.7 shall
continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as
Administrative Agent. 
 (c) Any resignation by BofA as Administrative Agent pursuant to this Section shall also constitute its
resignation as Issuing Bank and Swing Line Lender. If BofA resigns as an Issuing Bank, it shall retain all the rights, powers, privileges and duties of an Issuing Bank hereunder with respect to all Letters of Credit issued by BofA and outstanding as
of the effective date of its resignation as an Issuing Bank and all L/C Obligations with respect thereto, including the right to require the Lenders to make Floating Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to
Section 3.3. If Bank of America resigns as Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such
resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c). Upon the appointment by the Company of a successor Issuing Bank or
Swing Line Lender hereunder (which successor shall in all cases be a Lender other than a Defaulting Lender), (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Issuing
Bank or Swing Line Lender, as applicable, (b) the retiring Issuing Bank or Swing Line Lender shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents, and (c) the successor Issuing Bank shall
issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to BofA to effectively assume the obligations of BofA with respect to such Letters of
Credit. 
 SECTION 12.7 Non-Reliance on Administrative Agent and Other Lenders. Each Lender and Issuing Bank
acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and
decision to enter into this Agreement. Each Lender and Issuing Bank also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and
information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or
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 SECTION 12.8 No Other Duties, Etc. Anything herein to the contrary
notwithstanding, none of the Bookrunners, Arrangers, Syndication Agent or Documentation Agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its
capacity, as applicable, as the Administrative Agent, a Lender or an Issuing Bank hereunder. 
 SECTION 12.9
Administrative Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal
of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on any Borrower) shall be entitled and empowered, by
intervention in such proceeding or otherwise 
 (a) to file and prove a claim for the whole amount of the principal and interest
owing and unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the Issuing Banks and the
Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the Issuing Banks and the Administrative Agent and their respective agents and counsel and all other amounts due the
Lenders, the Issuing Banks and the Administrative Agent under Sections 3.8, 2.14 and 11.7) allowed in such judicial proceeding; and 
 (b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and Issuing Bank to make such
payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders and the Issuing Banks, to pay to the Administrative Agent any amount due for the reasonable
compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.14 and 11.7. 

Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of
any Lender or Issuing Bank any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or Issuing Bank to authorize the Administrative Agent to vote in respect of the claim of any Lender
or Issuing Bank in any such proceeding. 
 SECTION 12.10 Guaranty Matters. Without limiting the provisions of
Section 12.9, the Lenders and the Issuing Banks irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a
Subsidiary as a result of a transaction permitted under the Loan Documents. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release any Guarantor from
its obligations under the Guaranty pursuant to this Section 12.10. 

  
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 SECTION 12.11 Obligations of Lenders Several. The obligations of the Lenders
hereunder to make Loans, to fund participations in Letters of Credit and Swing Line Loans and to make payments pursuant to Section 11.7(c) are several and not joint. The failure of any Lender to make any Loan, to fund any such
participation or to make any payment under Section 11.7(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any
other Lender to so make its Loan, to purchase its participation or to make its payment under Section 11.7(c). 

SECTION 12.12 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest
paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Requirements of Law (the “Maximum Rate”). If the Administrative Agent or any Lender shall receive
interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrowers. In determining whether the interest contracted for, charged,
or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Requirements of Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather
than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.

 SECTION 12.13 Electronic Execution of Assignments and Certain Other Documents. The words “execute,”
“execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption or in any amendment or other modification hereof (including waivers and consents) shall be deemed to include electronic
signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or
enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National
Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 
 ARTICLE XIII 
 SETOFF; RATABLE PAYMENTS 

SECTION 13.1 Setoff. If a Default shall have occurred and be continuing, each Lender, the Issuing Banks and each of their
respective Affiliates is hereby authorized at any time and from time to time, after obtaining the prior written consent of the Administrative Agent, to the fullest extent permitted by applicable law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender, the Issuing Banks or any 

  
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such Affiliate to or for the credit or the account of any Borrower or any other Loan Party against any and all of the Obligations of such Borrower or such other Loan Party now or hereafter
existing under this Agreement or any other Loan Document to such Lender or any Issuing Bank or their respective Affiliates, irrespective of whether or not such Lender, Issuing Bank or Affiliate shall have made any demand under this Agreement or any
other Loan Document and although such Obligations may be contingent or unmatured or are owed to a branch, office or Affiliate of such Lender or Issuing Bank different from the branch, office or Affiliate holding such deposit or obligated on such
indebtedness; provided, that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the
provisions of Section 2.22 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the Issuing Banks and the Lenders, and (y) the
Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender, the Issuing
Banks and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, the Issuing Banks or their respective Affiliates may have. Each Lender and the Issuing Banks
agrees to notify the Company and the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application. 

SECTION 13.2 Ratable Payments. If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain
payment in respect of any principal of or interest on any of the Loans made by it, or the participations in L/C Obligations or Swing Line Loans held by it resulting in such Lender’s receiving payment of a proportion of the aggregate amount of
such Loans or participations and accrued interest thereon greater than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and
(b) purchase (for cash at face value) participations in the Loans and subparticipations in L/C Obligations or Swing Line Loans of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments
shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and other amounts owing them, provided that: 

(i) if any such participations or subparticipations are purchased and all or any portion of the payment giving rise thereto is recovered,
such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 
 (ii) the provisions of this Section shall not be construed to apply to (x) any payment made by or on behalf of any Borrower pursuant to and in accordance with the express terms of this Agreement
(including the application of funds arising from the existence of a Defaulting Lender), (y) the application of Cash Collateral provided for in Section 2.22, or (z) any payment obtained by a Lender as consideration for the
assignment of or sale of a participation in any of its Loans or subparticipations in L/C Obligations or Swing Line Loans to any assignee or participant, other than an assignment to any Borrower or any Affiliate thereof (as to which the provisions of
this Section shall apply). 

  
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 SECTION 13.3 Application of Payments. After the exercise of remedies provided
for in Section 9.1 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth therein), any amounts received on account of the
Obligations shall, subject to the provisions of Sections 2.22(c) and 3.13 and except as otherwise set forth herein, be applied by the Administrative Agent in the following order: 

First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees,
charges and disbursements of counsel to the Administrative Agent and amounts payable under Article IV) payable to the Administrative Agent in its capacity as such; 
 Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest and letter of credit fees) payable to the Lenders and the
Issuing Banks (including fees, charges and disbursements of counsel to the respective Lenders and the Issuing Banks and amounts payable under Article IV), ratably among them in proportion to the respective amounts described in this clause
Second payable to them; 
 Third, to payment of that portion of the Obligations constituting accrued and unpaid letter of
credit fees and interest on the Loans, L/C Borrowings and other Obligations, ratably among the Lenders and the Issuing Banks in proportion to the respective amounts described in this clause Third payable to them; 

Fourth, to payment of that portion of the Obligations constituting unpaid principal of the Loans and L/C Borrowings, ratably among
the Lenders and the Issuing Banks in proportion to the respective amounts described in this clause Fourth held by them; 

Fifth, to the Administrative Agent for the account of the Issuing Banks, to Cash Collateralize that portion of L/C Obligations
comprised of the aggregate undrawn amount of Letters of Credit to the extent not otherwise Cash Collateralized by the Borrowers; and 
 Last, the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Borrowers or as otherwise required by Requirements of Law. 

Subject to Section 3.3, amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to
clause Fifth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount
shall be applied to the other Obligations, if any, in the order set forth above. 
 SECTION 13.4 Relations Among
Lenders. 
 (a) No Action Without Consent. Except with respect to the exercise of set-off rights of any Lender in
accordance with Section 12.1, the proceeds of which are applied in accordance with this Agreement, and each Lender agrees that it will not take any action, nor institute any actions or proceedings, against the Borrowers or any other
obligor hereunder or with respect to any Loan Document, without the prior written consent of the Required Lenders or, as may be provided in this Agreement or the other Loan Documents, at the direction of the Administrative Agent. 

  
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 (b) Not Partners; No Liability. The Lenders are not partners or co-venturers, and no
Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Administrative Agent) authorized to act for, any other Lender. The Administrative Agent shall have the exclusive right on behalf of the
Lenders to enforce the payment of the principal of and interest on any Loan after the date such principal or interest has become due and payable pursuant to the terms of this Agreement. 

SECTION 13.5 Failure to Make Payment. If and so long as any Lender shall fail to make any payment required to be made by it
pursuant to Section 2.2(c), 2.17, 3.3, 12.8 or 13.2, then the Administrative Agent may, in its discretion and notwithstanding any contrary provision hereof, (i) apply any amounts thereafter received by the Administrative Agent for the
account of such Lender for the benefit of the Administrative Agent, the Swing Line Lender or any Issuing Bank to satisfy such Lender’s obligations to it under such Section until all such unsatisfied obligations are fully paid, and/or
(ii) hold any such amounts in a segregated account as cash collateral for, and application to, any future funding obligations of such Lender under any such Section (such amounts so held to be returned to such Lender upon its payment of the
aforementioned previously unpaid amounts); in the case of each of clauses (i) and (ii) above, in any order as determined by the Administrative Agent in its discretion. 

ARTICLE XIV 
 BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS 
 SECTION 14.1
Successors and Assigns. 
 (a) Successors and Assigns Generally. The provisions of this Agreement shall be binding
upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that neither any Borrower nor any other Loan Party may assign or otherwise transfer any of its rights or obligations hereunder
without the prior written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of subsection
(b) of this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void) or
(iii) pursuant to a transaction involving a Subsidiary Borrower permitted under this Agreement. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective
successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Banks
and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b) Assignments by
Lenders. Any Lender may at any time assign to one or more assignees that are Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans (including for
purposes of this subsection (b), participations in L/C Obligations and Swing Line Loans) at the time owing to it); provided that any such assignment shall be subject to the following conditions: 

  
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 (i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and/or the Loans
at the time owing to it or contemporaneous assignments to related Approved Funds that equal at least the amount specified in paragraph (b)(i)(B) of this Section in the aggregate or in the case of an assignment to a Lender, an Affiliate of a
Lender or an Approved Fund, no minimum amount need be assigned; provided that if at the time of such assignment, any Loan made to a Dutch Borrower would be outstanding and the assigning Lender’s Pro Rata Share of any and all of such
Loans would in the aggregate with respect to any Dutch Borrower, as of the date of assignment, be more than zero but less than the equivalent in Dollars (calculated on the basis of the Spot Rate of the Administrative Agent as of the date of such
assignment) of €100,000, no such assignment shall be made to an assignee which is not a Professional Market Party; provided further that at the request of the assigning Lender at any time prior to a proposed assignment to an assignee
other than a Professional Market Party, such Dutch Borrower shall either (1) subject to the prior notice requirements set forth in Section 2.4(a), immediately prepay all Loans made to it or (2) subject to the prior notice
requirements set forth in Section 2.7, immediately borrow such amount of Revolving Loans, so that in the case of each of clauses (1) and (2), the assignment would not be restricted by the immediately preceding proviso;
and 
 (B) in any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the
Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment, determined as of the date
the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $5,000,000 unless each
of the Administrative Agent and, so long as no Default has occurred and is continuing, the Company otherwise consents (each such consent not to be unreasonably withheld or delayed). 

(ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning
Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned except that this clause (ii) shall not apply to the Swing Line Lender’s rights and obligations in respect of Swing Line
Loans ; 
 (iii) Required Consents. No consent shall be required for any assignment except to the extent required by
subsection (b)(i)(B) of this Section and, in addition: 

  
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 (A) the consent of the Company (such consent not to be unreasonably withheld
or delayed) shall be required unless (1) a Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; 

(B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required if
such assignment is to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender; and 
 (C) the consent of the Issuing Banks and the Swing Line Lender shall be required for any assignment. 
 (iv) Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in
the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to
the Administrative Agent an administrative questionnaire in form reasonably satisfactory to the Administrative Agent. 
 (v)
No Assignment to Certain Persons. No such assignment shall be made (A) to any Borrower or any Borrower’s Affiliates or Subsidiaries, (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a
Lender hereunder, would constitute any of the foregoing Persons described in this clause (B), or (C) to a natural Person. 
 (vi) Certain Additional Payments. In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition
to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright
payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Company and the Administrative Agent, the applicable pro rata share of Loans previously requested
but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent,
the Issuing Banks or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swing Line Loans in accordance with its Pro Rata
Share. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Requirements of Law without compliance with the provisions of this paragraph,
then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

  
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 Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection
(c) of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption,
have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the
case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 2.14(e),
Article IV, and Section 11.7 with respect to facts and circumstances occurring prior to the effective date of such assignment; provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment
by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Upon request, the Borrowers (at their expense) shall execute and deliver a promissory
note in substantially the form of Exhibit I to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement
as a sale by such Lender of a participation in such rights and obligations in accordance with subsection (d) of this Section. 
 (c) Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrowers (and such agency being solely for tax purposes), shall maintain at the Administrative
Agent’s office a copy of each Assignment and Assumption delivered to it (or the equivalent thereof in electronic form) and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts
(and stated interest) of the Loans and L/C Obligations and Swing Line Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest
error, and the Borrowers, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement. The Register shall be available
for inspection by the Borrowers and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 
 (d)
Participations. Any Lender may at any time, without the consent of, or notice to, any Borrower or the Administrative Agent, sell participations to any Person (other than a natural Person, a Defaulting Lender or any Borrower or any
Borrower’s Affiliates or Subsidiaries ) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans (including
such Lender’s participations in L/C Obligations and/or Swing Line Loans) owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely
responsible to the other parties hereto for the performance of such obligations and (iii) the Company, the Borrowers, the Administrative Agent, the Lenders and the Issuing Bank shall continue to deal solely and directly with such Lender in
connection with such Lender’s rights and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 11.7(c) without regard to the existence of any participation.


  
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 Any agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not,
without the consent of the Participant, agree to any amendment, waiver or other modification described in the proviso to Section 9.2 that affects such Participant. Each Borrower agrees that each Participant shall be entitled to the
benefits of Section 2.14(e) (subject to the requirements and limitations therein, including the requirements under Section 2.14(e)(vi) (it being understood that the documentation required by Section 2.14(e)(iv)
shall be delivered to the participating Lender)) and Article IV to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section; provided that such
Participant (A) agrees to be subject to the provisions of Section 2.19 as if it were an assignee under paragraph (b) of this Section and (B) shall not be entitled to receive any greater payment under
Section 2.14(e) or Article IV, with respect to any participation, than the Lender from whom it acquired the applicable participation would have been entitled to receive, except to the extent such entitlement to receive a greater
payment results from a Change that occurs after the Participant acquired the applicable participation. Each Lender that sells a participation agrees, at the Borrowers’ request and expense, to use reasonable efforts to cooperate with the
Borrowers to effectuate the provisions of Section 2.19 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 13.1 as though it were a Lender;
provided that such Participant agrees to be subject to Section 13.2 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a
register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant
Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any
commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in
registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the
Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no
responsibility for maintaining a Participant Register. 
 (e) Certain Pledges. Any Lender may at any time pledge or
assign a security interest in all or any portion of its rights under this Agreement (including under any promissory note delivered to it hereunder, if any) to secure obligations of such Lender, including any pledge or assignment to secure
obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

(f) Resignation as Issuing Bank or Swing Line Lender after Assignment. Notwithstanding anything to the contrary contained herein,
if at any time BofA assigns all of its Commitment and Loans pursuant to subsection (b) above, BofA may, (i) upon 30 days’ notice to 

  
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the Company and the Lenders, resign as an Issuing Bank and (ii) upon 30 days’ notice to the Company and the Lenders, resign as the Swing Line Lender. In the event of any such
resignation as Issuing Bank or Swing Line Lender, the Borrowers shall be entitled to appoint from among the Lenders a successor Issuing Bank or Swing Line Lender hereunder; provided, however, that no failure by the Borrowers to appoint any
such successor shall affect the resignation of BofA as Issuing Bank or Swing Line Lender. If BofA resigns as Issuing Bank, it shall retain all the rights, powers, privileges and duties of the Issuing Bank hereunder with respect to all Letters of
Credit outstanding as of the effective date of its resignation as Issuing Bank and all L/C Obligations with respect thereto (including the right to require the Lenders to make Floating Rate Loans or fund risk participations in Unreimbursed Amounts
pursuant to Section 3.3). If BofA resigns as Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such
resignation, including the right to require the Lenders to make Floating Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.2(c). Upon the appointment of a successor Issuing Bank or Swing Line
Lender that has accepted such appointment, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Issuing Bank or Swing Line Lender, as the case may be, and (b) the
successor Issuing Bank shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to BofA to effectively assume the obligations of BofA with
respect to such Letters of Credit. 
 SECTION 14.2 Treatment of Certain Information; Confidentiality. Each of the
Administrative Agent, the Lenders and the Issuing Banks agrees to maintain the confidentiality of the Information (as defined below), except that (x) the Lenders may publish customary advertising material in tombstone or similar format relating
to the financing contemplated by this Agreement and (y) Information may be disclosed (a) to its Related Parties (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such
Information and instructed to keep such Information confidential), (b) to the extent required or requested by any regulatory authority purporting to have jurisdiction over such Person or its Related Parties (including any self-regulatory
authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with
the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement
containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights and obligations under this Agreement or any Eligible Assignee
invited to be a Lender pursuant to Section 2.5(b) or (ii) any actual or prospective party (or its Related Parties) to any Hedging Arrangements or any credit insurance provider, (g) on a confidential basis to (i) any rating
agency in connection with rating the Company or its Subsidiaries or the credit facilities provided hereunder or (ii) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers or other market
identifiers with respect to the credit facilities provided hereunder, (h) with the consent of the Company or (i) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or
(y) becomes available to the Administrative Agent, any Lender, any Issuing Bank or any of their respective Affiliates on a non-confidential basis from a 

  
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source other than the Company or any of its Subsidiaries which such Person has no reason to believe has any confidentiality or fiduciary obligation to the Company or its Subsidiaries with respect
to such Information. For purposes of this Section, “Information” means all information received from the Company or any Subsidiary relating to the Company or any Subsidiary or any of their respective businesses, other than any such
information that is available to the Administrative Agent, any Lender or any Issuing Bank on a non-confidential basis prior to disclosure by the Company or any Subsidiary, provided that, in the case of information received from the Company or any
Subsidiary after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied
with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

Each of the Administrative Agent, the Lenders and the Issuing Banks acknowledges that (a) the Information may include material
non-public information concerning the Company or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle such material non-public information
in accordance with applicable Law, including United States Federal and state securities Laws. 
 SECTION 14.3
Dissemination of Information. Each Loan Party authorizes each Lender to disclose to any Participant or assignee Lender or any other Person acquiring an interest in the Loan Documents by operation of law (each a “Transferee”)
and any prospective Transferee any and all information in such Lender’s possession concerning the Company and its Subsidiaries; provided that prior to any such disclosure, such prospective Transferee shall agree to preserve in accordance
with Section 14.2 the confidentiality of any confidential information described therein. 
 ARTICLE XV

 NOTICES 
 SECTION 15.1 Notices; Effectiveness; Electronic Communication. 
 (a)
Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in
writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be
made to the applicable telephone number, as follows: 
 (i) if to the Company or any other Loan Party, the
Administrative Agent, the Swing Line Lender or any Issuing Bank, to the address, facsimile number, electronic mail address or telephone number specified for such Person forth below its signature hereto or at such other address as may be designated
by such party in a notice to the other parties (provided that a notice given to the Company pursuant hereto shall be deemed a notice given to the other Loan Parties); and 

  
 141








 (ii) if to any other Lender, to the address, facsimile number, electronic
mail address or telephone number specified in its administrative questionnaire delivered to the Administrative Agent (including, as appropriate, notices delivered solely to the Person designated by a Lender on such administrative questionnaire then
in effect for the delivery of notices that may contain material non-public information relating to any Loan Party). 
 Notices and other
communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications sent by facsimile shall be deemed to have been given when sent
(except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient). Notices and other communications delivered through electronic
communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection (b). 
 (b) Electronic Communications. Notices and other communications to the Lenders and the Issuing Banks hereunder may be delivered or furnished by electronic communication (including e mail and
Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender or any Issuing Bank pursuant to Article II and Article III if such
Lender or Issuing Bank, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent, the Swing Line Lender, the applicable Issuing Bank or
the applicable Borrower may each, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to
particular notices or communications. 
 Unless the Administrative Agent otherwise prescribes, (i) notices and other
communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other
written acknowledgement), and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause
(i) of notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii), if such notice, email or other communication is not sent
during the normal business hours of the recipient, such notice, email or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient. 

(c) The Platform. Each Borrower hereby acknowledges that (i) the Administrative Agent and/or the Arrangers may, but shall not
be obligated to, make available to the Lenders and the Issuing Banks materials and/or information provided by or on behalf of the Borrowers hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on Debt
Domain, IntraLinks, Syndtrak or another similar electronic system (the “Platform”) and (b)

  
 142








 
certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect to any Borrower or its Affiliates, or
the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities. Each Borrower hereby agrees that (w) all Borrower Materials that are to
be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower
Materials “PUBLIC,” the Borrowers shall be deemed to have authorized the Administrative Agent, the Arrangers, the Issuing Banks and the Lenders to treat such Borrower Materials as not containing any material non-public information with
respect to any Borrower or its securities for purposes of United States Federal and state securities laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in
Section 14.2); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information;” and (z) the Administrative Agent and the
Arrangers shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information.” THE PLATFORM IS PROVIDED “AS
IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE
BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY
ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to any Borrower, any Lender,
any Issuing Bank or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of any Borrower’s, any Loan Party’s or the Administrative Agent’s transmission
of Borrower Materials through the Internet. 
 (d) Change of Address, Etc. Each of the Borrowers, the Administrative
Agent, the Swing Line Lender and Issuing Banks may change its address, facsimile or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, facsimile or
telephone number for notices and other communications hereunder by notice to the Company, the Administrative Agent, the Swing Line Lender and the Issuing Banks. In addition, each Lender agrees to notify the Administrative Agent from time to time to
ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, facsimile number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire
instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content
declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable Requirements of Law, including United States Federal and state securities
Laws, to make reference to Borrower Materials that are not made available through the “Public Side Information” portion of the Platform and that may contain material non-public information with respect to any Borrower or its securities for
purposes of United States Federal or state securities laws. 

  
 143








 (e) Reliance by Administrative Agent, the Swing Line Lender, Issuing Banks and
Lenders. The Administrative Agent, the Swing Line Lender, the Issuing Banks and the Lenders shall be entitled to rely and act upon any notices (including telephonic or electronic Borrowing/Election Notices and Letter of Credit Applications)
purportedly given by or on behalf of the Company or any Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or
(ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. 
 ARTICLE XVI

 COUNTERPARTS; INTEGRATION; EFFECTIVENESS 
 This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall
constitute a single contract. This Agreement, the other Loan Documents, and any separate letter agreements with respect to fees payable to the Administrative Agent or any Issuing Bank, constitute the entire contract among the parties relating to the
subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other
electronic imaging means (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement. 
 [Remainder of This Page Intentionally Blank] 

  
 144








 IN WITNESS WHEREOF, the Company, the Borrowers, the Guarantors, the Lenders and the
Administrative Agent have executed this Agreement as of the date first above written. 
  

			
	   CHICAGO BRIDGE & IRON
COMPANY N.V., as the Company

		
	   By:
	 	CHICAGO BRIDGE & IRON COMPANY B.V.
	   Its:
	 	Managing Director
		
	   By:
	 	 /s/ RONALD A. BALLSCHMIEDE

	   Name:
	 	Ronald A. Ballschmiede
	   Title:
	 	Director
	
	  Address:
	   c/o Chicago Bridge & Iron Company


(Delaware)

	  One CB&I Plaza
	  2103 Research Forest Drive
	  The Woodlands, TX 77380
	  Attention:	 	Ronald Ballschmiede, Managing
		 	Director & Chief Financial Officer
	  Telephone No.: (832) 513-1000
	  Facsimile No.: (832) 513-1092



  

SIGNATURE PAGE TO REVOLVING CREDIT AGREEMENT








 
			
	 CB&I INC., as a Subsidiary Borrower

		
	By:	 	 /s/ RONALD A. BALLSCHMIEDE

	Name:	 	Ronald A. Ballschmiede
	Title:	 	Authorized Signatory



 

			
	Address:
	 c/o Chicago Bridge & Iron Company
 (Delaware)

	One CB&I Plaza
	2103 Research Forest Drive
	The Woodlands, TX 77380
	Attention:	 	Ronald Ballschmiede, Managing
		 	Director & Chief Financial Officer
	Telephone No.: (832) 513-1000
	Facsimile No.: (832) 513-1092



  

SIGNATURE PAGE TO REVOLVING CREDIT AGREEMENT








 
			
	CBI SERVICES, INC., as a Subsidiary Borrower
		
	By:	 	/s/ RONALD A. BALLSCHMIEDE
	Name:	 	Ronald A. Ballschmiede
	Title:	 	Authorized Signatory



 

			
	Address:
	 c/o Chicago Bridge & Iron Company
 (Delaware)

	One CB&I Plaza
	2103 Research Forest Drive
	The Woodlands, TX 77380
	Attention:	 	 Ronald Ballschmiede, Managing

Director & Chief Financial

Officer

	 Telephone No.: (832) 513-1000
 Facsimile No.: (832) 513-1092




  

SIGNATURE PAGE TO REVOLVING CREDIT AGREEMENT








 
			
	 CHICAGO BRIDGE & IRON COMPANY
 (DELAWARE), as a Subsidiary Borrower

		
	By:	 	/s/ RONALD A. BALLSCHMIEDE
	Name:	 	Ronald A. Ballschmiede
	Title:	 	Authorized Signatory



 

			
	Address:
	 c/o Chicago Bridge & Iron Company
 (Delaware)

	One CB&I Plaza
	2103 Research Forest Drive
	The Woodlands, TX 77380
	Attention:	 	 Ronald Ballschmiede, Managing

Director & Chief Financial

Officer

	 Telephone No.: (832) 513-1000
 Facsimile No.: (832) 513-1092




  

SIGNATURE PAGE TO REVOLVING CREDIT AGREEMENT








 
			
	 CHICAGO BRIDGE & IRON COMPANY
B.V., as a Subsidiary Borrower

		
	By:	 	/s/ RONALD A. BALLSCHMIEDE
	Name:	 	Ronald A. Ballschmiede
	Title:	 	Authorized Signatory



 

			
	 Address:

	 c/o Chicago Bridge & Iron Company

	 (Delaware)

	 One CB&I Plaza

	 2103 Research Forest Drive

	 The Woodlands, TX 77380

	 Attention:
	 	Ronald Ballschmiede, Managing
		 	 Director & Chief Financial
 Officer

	 Telephone No.: (832) 513-1000

	 Facsimile No.: (832) 513-1092




  

SIGNATURE PAGE TO REVOLVING CREDIT AGREEMENT








 
			
	CHICAGO BRIDGE & IRON COMPANY, as a
    Subsidiary Borrower
		
	 By:
	 	 /s/ RONALD A. BALLSCHMIEDE

	 Name:
	 	Ronald A. Ballschmiede
	 Title:
	 	Authorized Signatory



 

			
	 Address:

	 c/o Chicago Bridge & Iron Company

	 (Delaware)

	 One CB&I Plaza

	 2103 Research Forest Drive

	 The Woodlands, TX 77380

	 Attention:
	 	Ronald Ballschmiede, Managing
		 	Director & Chief Financial Officer
	 Telephone No.: (832) 513-1000

	 Facsimile No.: (832) 513-1092




  

SIGNATURE PAGE TO REVOLVING CREDIT AGREEMENT








 
			
	BANK OF AMERICA, N.A., as Administrative
        Agent and as a Lender
		
	By:	 	 /s/ Bridgett J. Manduk

		 	 Name: Bridgett J. Manduk

Title:   AVP; Agency Management

Officer III

	
	Notice Address:
	
	 Bank of America

Mail Code: CA5-701-05-19
 1455 Market
St.
 San Francisco, CA 94103-1399

Attention: Bridgett J. Manduk

	 Telephone: (415) 436-1097
 Facsimile:   (415) 503-5011




  

SIGNATURE PAGE TO REVOLVING CREDIT AGREEMENT








 
			
	 Fifth Third Bank, as Lender and Documentation Agent

		
	By:	 	 /s/ MIKE GIFFORD

	 Name:
 Title:
	 	 Mike Gifford
 Vice
President




  

SIGNATURE PAGE TO REVOLVING CREDIT AGREEMENT








 
			
	 BNP PARIBAS, as Lender

		
	By:	 	 /s/ PIERRE NICHOLAS ROGERS

	Name:	 	Pierre Nicholas Rogers
	Title:	 	Managing Director
		
	By:	 	 /s/ JOHN TREADWELL, JR.

	Name:	 	John Treadwell, Jr.
	Title:	 	Vice President



  

SIGNATURE PAGE TO REVOLVING CREDIT AGREEMENT









			
	 COMPASS BANK, as a Documentation Agent and as a Lender

		
	By:	 	 /s/ RANDALL MORRISON

	Name:	 	Randall Morrison
	Title:	 	Executive Director
	
	Notice Address:
	
	  

	Attention:
	Telephone:
	Facsimile:
	
	Lending Installation Address:
	
	  

	
	  

	
	  

	
	



  

SIGNATURE PAGE TO REVOLVING CREDIT AGREEMENT








 
			
	
	Regions Bank, as Lender
		
	By:	 	 /s/ MICHAEL FOSTER

	Name:	 	Michael Foster
	Title:	 	Vice President
	
	First Commercial Bank New York Branch, as Lender
		
	By:	 	 /s/ JASON LEE

	Name:	 	Jason Lee
	Title:	 	V.P. and General Manager
	
	Notice Address:
	750 Third Avenue, 34th Floor, New York, NY 10017
	
	 Attention: Kai Chang, Loan Officer
 Telephone: 212-599-6868
 Facsimile: 212-599-6133

	
	Lending Installation Address:
	
	ARAB BANKING CORPORATION BSC, as Lender
		
	By:	 	 /s/ TONY G. BERBARI

	Name:	 	Tony G. Berbari
	Title:	 	Head of Trade Finance – NY Branch
		
	By:	 	 /s/ GAUTIER STRUB

	Name:	 	Gautier Strub
	Title:	 	VP/Relationship Manager – Trade Finance



  

SIGNATURE PAGE TO REVOLVING CREDIT AGREEMENT








 
			
	The Royal Bank of Scotland plc, as Lender
		
	By:	 	 /s/ BRIAN D. WILLIAMS

	Name:	 	Brian D. Williams
	Title:	 	Authorized Signatory
	
	 Credit Agricole Corporate & Investment Bank, as Lender

		
	By:	 	 /s/ PAGE DILLEHUNT

	Name:	 	Page Dillehunt
	Title:	 	Managing Director
		
	By:	 	 /s/ MICHAEL WILLIS

	Name:	 	Michael Willis
	Title:	 	Managing Director
	
	BANK OF MONTREAL, as Lender
		
	By:	 	 /s/ JOHN ARMSTRONG

	Name:	 	John Armstrong
	Title:	 	Director
	
	SOVEREIGN BANK, N.A., as Lender
		
	By:	 	 /s/ JOHN W. DEEGAN

	Name:	 	John W. Deegan
	Title:	 	Senior Vice President
	
	LLOYDS TSB BANK PLC, as Lender
		
	By:	 	 /s/ Dennis McClellan

	Name:	 	Dennis McClellan
	Title:	 	Assistant Vice President – M040



  

SIGNATURE PAGE TO REVOLVING CREDIT AGREEMENT








 
			
	By:	 	 /s/ JULIA R. FRANKLIN

	Name:	 	Julia R. Franklin
	Title:	 	Vice President – F014
	
	Sumitomo Mitsui Banking Corporation, as Lender
		
	By:	 	 /s/ DAVID W. KEE

	Name:	 	David W. Kee
	Title:	 	Managing Director
	
	Riyad Bank, Houston Agency, as a Lender
		
	By:	 	 /s/ WILLIAM B. SHEPARD

	Name:	 	William B. Shepard
	Title:	 	General Manager
		
	By:	 	 /s/ PAUL N. TRAVIS

	Name:	 	Paul N. Travis
	Title:	 	VP & Head of Corporate Finance
	
	 Notice Address:
  

	 Attention: Harlene Sridharan
 Telephone: 713-331-2012
 Facsimile: 713-331-2043

	
	 Lending Installation Address:
 440 Louisiana Street
 Suite 1050
 Houston, Texas 77002






  

SIGNATURE PAGE TO REVOLVING CREDIT AGREEMENT








 
			
	Cadence Bank, N.A., as a Lender
		
	By:	 	 /s/ BILL BOBBORA

	Name:	 	Bill Bobbora
	Title:	 	Senior Vice President
	
	Notice Address:
	17 North 20th Street
	Birmingham, AL 35203
	Attention: Commercial Services
	 Telephone: 205-488-3313
 Facsimile: 205-488-3320

	
	Lending Installation Address:
	17 North 20th Street
	Birmingham, AL 35203
	
	 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender

		
	By:	 	 /s/ CHRISTINE HOWATT

	Name:	 	Christine Howatt
	Title:	 	Authorized Signatory
	
	Notice Address:
	 1251 Avenue of the Americas
 New York, NY 10020-1104

	Attention: US Corporate Banking
	 Benita Volid

Telephone: (312) 696-4679
 Facsimile:
(312) 782-6440 with a copy to
 (312) 696-4535

	
	 Lending Installation Address:
 1251 Avenue of the Americas
 New York, NY 10020-1104




  

SIGNATURE PAGE TO REVOLVING CREDIT AGREEMENT








 
			
	
	Abu Dhabi International Bank N.V., as Lender
		
	By:	 	 /s/ DAVID YOUNG

	Name:	 	David Young
	Title:	 	Vice President
		
	By:	 	 /s/ WILLIAM GHAZAR

	Name:	 	William Ghazar
	Title:	 	Senior Vice President
	
	STANDARD CHARTERED BANK, as Lender
		
	By:	 	 /s/ JOHANNA MINAYA

	Name:	 	Johanna Minaya
	Title:	 	Associate Director
		 	Capital Markets
		
	By:	 	 /s/ ROBERT K. REDDINGTON

	Name:	 	Robert K. Reddington
	Title:	 	Credit Documentation Manager
		 	Credit Documentation Unit WB Legal- Americas
	
	HSBC Bank USA N.A., as Lender
		
	By:	 	 /s/ BRUCE ROBINSON

	Name:	 	Bruce Robinson
	Title:	 	Vice President



  

SIGNATURE PAGE TO REVOLVING CREDIT AGREEMENT








 
			
	
	 COMMERZBANK AG, NEW YORK AND GRAND CAYMAN BRANCHES, as Lender

		
	By:	 	 /s/ DIANE POCKAJ

	Name:	 	Diane Pockaj
	Title:	 	MD
		
	By:	 	 /s/ ALEKSANDRA PACHOLEK

	Name:	 	Aleksandra Pacholek
	Title:	 	AVP
	
	DBS Bank Ltd., Los Angeles Agency, as Lender
		
	By:	 	 /s/ JAMES MCWALTERS

	Name:	 	James McWalters
	Title:	 	General Manager
	
	The Bank of Nova Scotia, as Lender
		
	By:	 	 /s/ MICHELLE C. PHILLIPS

	Name:	 	Michelle C. Phillips
	Title:	 	Director
	
	MIZUHO CORPORATE BANK, LTD, as Lender
		
	By:	 	 /s/ Leon Mo

	Name:	 	Leon Mo
	Title:	 	Authorized Signatory



  

SIGNATURE PAGE TO REVOLVING CREDIT AGREEMENT








 EXHIBIT A-1 

COMMITMENTS 
  

									
	 Lender
	  	Commitment	 	  	Applicable
Percentage	 
	 Bank of America, N.A.
	  	$	60,000,000.00	  	  	 	9.230769231	% 
	 Crédit Agricole Corporate and Investment Bank
	  	$	60,000,000.00	  	  	 	9.230769231	% 
	 BNP Paribas
	  	$	60,000,000.00	  	  	 	9.230769231	% 
	 The Royal Bank of Scotland plc
	  	$	40,000,000.00	  	  	 	6.153846154	% 
	 Compass Bank
	  	$	40,000,000.00	  	  	 	6.153846154	% 
	 Bank of Montreal, Chicago Branch
	  	$	40,000,000.00	  	  	 	6.153846154	% 
	 Riyad Bank, Houston Agency
	  	$	10,000,000.00	  	  	 	1.538461538	% 
	 Cadence Bank, N.A.
	  	$	10,000,000.00	  	  	 	1.538461538	% 
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  	$	40,000,000.00	  	  	 	6.153846154	% 
	 Sovereign Bank, N.A.
	  	$	30,000,000.00	  	  	 	4.615384615	% 
	 Abu Dhabi International Bank N.V.
	  	$	10,000,000.00	  	  	 	1.538461538	% 
	 Mizuho Corporate Bank, Ltd.
	  	$	20,000,000.00	  	  	 	3.076923077	% 
	 Arab Banking Corporation (B.S.C.)
	  	$	10,000,000.00	  	  	 	1.538461538	% 
	 DBS Bank Ltd., Los Angeles Agency
	  	$	20,000,000.00	  	  	 	3.076923077	% 
	 Standard Chartered Bank
	  	$	10,000,000.00	  	  	 	1.538461538	% 
	 Sumitomo Mitsui Banking Corporation
	  	$	30,000,000.00	  	  	 	4.615384615	% 
	 Regions Bank
	  	$	40,000,000.00	  	  	 	6.153846154	% 
	 HSBC Bank USA, N.A.
	  	$	30,000,000.00	  	  	 	4.615384615	% 
	 Commerzbank AG, New York Branch and Grand Cayman Branch
	  	$	10,000,000.00	  	  	 	1.538461538	% 
	 Lloyds TSB Bank plc
	  	$	30,000,000.00	  	  	 	4.615384615	% 
	 Fifth Third Bank
	  	$	40,000,000.00	  	  	 	6.153846154	% 
	 The Bank of Nova Scotia
	  	$	10,000,000.00	  	  	 	1.538461538	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	650,000,000.00	  	  	 	100.000000000	% 
		  	  
	  
	 	  	  
	  
	 


  
 A-1 - 1

 Commitments 







 EXHIBIT A-2 

ISSUING BANKS 
 Bank
of America, N.A. 
 BNP Paribas 

  
 A-2 - 1

 Issuing Banks 







 EXHIBIT A-3 

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
“Additional Cost 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’ Additional Cost 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 Additional Cost 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 Additional Cost 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 sterling Loan: 

  





 
  

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

  





 
 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 Applicable Floating Rate Margin and the Mandatory Cost and, if
the Loan is an Unpaid Sum, the additional rate of interest specified in Section 2.10) payable for the relevant Interest Period on the Loan. 



  
 A-3 - 1

 Mandatory Cost 








	 	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 Exhibit: 

  

	 	(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: in respect of a Lender or Issuing Bank, the office or offices notified by that Lender or Issuing Bank to the Administrative
Agent in writing on or before the date it becomes a Lender or Issuing Bank (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 Financial Services Authority Fees 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 Communities that adopts or has adopted the euro as its lawful currency in
accordance with legislation of the European Community relating to Economic and Monetary Union; 

  

	 	(f)	“Reference Bank” means, in relation to Mandatory Cost, the principal London offices of Bank of America, N.A. and/or such other banks as may be
appointed by the Administrative Agent in consultation with the Company; 

  

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


  
 A-3 - 2

 Mandatory Cost 








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


 

	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 Additional Cost 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: 

  

	 	(a)	the jurisdiction of its Facility Office; and 

  

	 	(b)	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 Additional Cost 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 Additional Cost Rate for
each Lender based on the information provided by each Lender and each Reference Bank pursuant to paragraphs 3, 7 and 8 above. 


  
 A-3 - 3

 Mandatory Cost 








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

  

	13.	The Administrative Agent may from time to time, after consultation with the Company and the 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. 


  
 A-3 - 4

 Mandatory Cost 







 EXHIBIT B 

FORM OF BORROWING/ELECTION NOTICE 
 Bank of America, N.A., 
 as Administrative Agent 

under the Revolving Credit Agreement 
 referred
to below 
 One Independence Center 
 101 N. Tryon Street, 5th Floor 
 Mail Code: NC1-001-05-46 
 Charlotte, NC 28255                 [Date] 
 Attention: Charles D. Hensley 
 Ladies and Gentlemen: 

The undersigned, CHICAGO BRIDGE & IRON COMPANY (DELAWARE), refers to the Revolving Credit Agreement dated as of December 21,
2012 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Revolving Credit Agreement”; the terms defined therein being used herein as therein defined), among the undersigned,
the other Subsidiary Borrowers party thereto, the Lenders party thereto and Bank of America, N.A., as Administrative Agent for the Lenders, and hereby gives you Borrowing/Election Notice [pursuant to Section 2.7 of the Revolving Credit
Agreement, that the undersigned hereby requests an Advance under the Revolving Credit Agreement, and in that connection sets forth below the information relating to such Advance (the “Proposed Borrowing”)] [pursuant to
Section 2.9(d) of the Revolving Credit Agreement, that the undersigned hereby requests a [conversion of a Floating Rate Loan into a Eurodollar Rate Loan][continuation of a Eurodollar Rate Loan]]: 

(i) The Business Day of [the Proposed Borrowing][coversion][continuation] is
[            ], 20[    ]. 
 (ii)
[The Type of Advance comprising the Proposed Borrowing is [Floating Rate Advance] [Eurodollar Rate Advance].] 

(iii) [The aggregate amount of the Proposed Borrowing is
$[            ].] 
 (iv) [The amount of Eurodollar
Rate Loans into which [the Floating Rate Loan is to be converted][the Eurodollar Rate Loan is to be continued] is $[            ].] 

(v) [The initial Interest Period for each Eurodollar Rate Advance made as part of [the Proposed
Borrowing][conversion][continuation] is             month[s].] 

  
 B - 1

 Form of Borrowing/Election Notice 







 The undersigned hereby certifies that the following statements are true
on the date hereof, and will be true on the date of the Proposed Borrowing1: 
 (A) The representations and warranties
contained in Sections 6.1(i), 6.2(a), 6.2(b), 6.2(c)(i), 6.3(i), 6.11, 6.15, 6.20, 6.21, 6.22 and 6.23 of the Revolving Credit Agreement are true and correct as of the date of the Proposed Borrowing, before and after giving effect to the Proposed
Borrowing, as though made on and as of such date, [except (x) to the extent any such representations and warranties refer to a specific date, in which case they shall be true and correct as of such specific date, (y) that for purposes of
the Borrowing/Election Notice, the representations and warranties contained in Sections 6.4(b) and (c) of the Revolving Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to Sections 7.1(a)(ii) and
(i) of the Revolving Credit Agreement, respectively and (z) for changes in the Schedules to the Revolving Credit Agreement reflecting transactions permitted by or not in violation of the Revolving Credit Agreement.]2 

(B) [No Default or Unmatured Default has occurred and is continuing, or would result from such
Proposed Borrowing.]3 

(C) The Revolving Credit Obligations do not, and after such Proposed Borrowing would not, exceed the Adjusted Aggregate
Commitment and the Financial Credit Obligations do not, and after making such Proposed Borrowing would not, exceed the Financial Credit Sublimit. 
 Delivery of an executed counterpart of this Borrowing/Election Notice by telecopier shall be effective as delivery of an original executed counterpart of this Borrowing/Election Notice. 

 

			
	 Very truly yours,
  

CHICAGO BRIDGE & IRON COMPANY (DELAWARE)

		
	By 	 	 
		 	Name:
		 	Title:


  

	1 	 Clauses (A) through (C) applicable only for a Proposed Borrowing 



	2 	 Applicable for borrowings after the Transaction Closing Date. 



	3 	 Applicable for borrowings after the Transaction Closing Date. 



  
 B - 2

 Form of Borrowing/Election Notice 







 EXHIBIT C 

FORM OF SWING LINE LOAN NOTICE 
 Bank of America, N.A., 
 as Administrative Agent and Swing Line Lender 

under the Revolving Credit Agreement 
 referred
to below 
 One Independence Center 
 101 N. Tryon Street, 5th Floor 
 Mail Code: NC1-001-05-46 
 Charlotte, NC 28255                 [Date] 
 Attention: Charles D. Hensley 
 Ladies and Gentlemen: 

The undersigned, CHICAGO BRIDGE & IRON COMPANY (DELAWARE), refers to the Revolving Credit Agreement dated as of December 21,
2012 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Revolving Credit Agreement”; the terms defined therein being used herein as therein defined), among the undersigned,
the other Subsidiary Borrowers party thereto, the Lenders party thereto and Bank of America, N.A., as Administrative Agent for the Lenders, and hereby gives you Swing Line Loan Notice pursuant to Section 2.2 of the Revolving Credit Agreement,
that the undersigned hereby requests an Advance under the Revolving Credit Agreement, and in that connection sets forth below the information relating to such Advance (the “Proposed Borrowing”): 

 

	 	(i)	The Business Day of the Proposed Borrowing is [                ],
20[    ]. 

  

	 	(ii)	The aggregate amount of the Proposed Borrowing is $[                ].


 The undersigned hereby certifies that the following statements are true on the date hereof, and will be true on
the date of the Proposed Borrowing: 
 (A) The representations and warranties contained in Article VI of the
Revolving Credit Agreement are true and correct as of the date of the Proposed Borrowing, before and after giving effect to the Proposed Borrowing, as though made on and as of such date, except (x) to the extent any such representations and
warranties refer to a specific date, in which case they shall be true and correct as of such specific date, (y) that for purposes of the Swing Line Loan Notice, the representations and warranties contained in Sections 6.4(b) and (c) of the
Revolving Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to Sections 7.1(a)(ii) and (i) of the Revolving Credit Agreement, respectively and (z) for changes in the Schedules to the Revolving
Credit Agreement reflecting transactions permitted by or not in violation of the Revolving Credit Agreement. 

  
 C - 1

 Form of Swing Line Loan Notice 







 (B) No Default or Unmatured Default has occurred and is continuing, or would
result from such Proposed Borrowing. 
 (C) The Revolving Credit Obligations do not, and after such Proposed
Borrowing would not, exceed the Adjusted Aggregate Commitment and the Financial Credit Obligations do not, and after making such Proposed Borrowing would not, exceed the Financial Credit Sublimit. 

Delivery of an executed counterpart of this Swing Line Loan Notice by telecopier shall be effective as delivery of an original executed
counterpart of this Swing Line Loan Notice. 
  

			
	Very truly yours,
	
	 CHICAGO BRIDGE & IRON COMPANY
   (DELAWARE)

		
	By 	 	 
		 	 Name:

Title:




  
 C - 2

 Form of Swing Line Loan Notice 







 EXHIBIT D 

FORM OF ASSIGNMENT AND ASSUMPTION 
 This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [the][each]4 Assignor identified in item 1 below ([the][each, an]
“Assignor”) and [the][each]5 Assignee
identified in item 2 below ([the][each, an] “Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees]6 hereunder are several and not joint.]7 Capitalized terms used but not defined herein shall have the meanings given to them in the Revolving Credit Agreement
identified below (as amended, the “Revolving Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and
incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 
 For an
agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to
and in accordance with the Standard Terms and Conditions and the Revolving Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’]
rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under the Revolving Credit Agreement and any other documents or instruments delivered pursuant thereto in the amount[s] and equal to the percentage
interest[s] identified below of all the outstanding rights and obligations under the respective facilities identified below (including, without limitation, the Swing Line Loans and the Letters of Credit included in such facilities) and
(ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Lender)][the respective Assignors (in their respective capacities as Lenders)]
against any Person, whether known or unknown, arising under or in connection with the Revolving Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or
related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause
(i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an] “Assigned Interest”).
Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor. 

 
  

	4 	 For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first
bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language. 



	5 	 For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first
bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language. 



	6 	 Select as appropriate. 



	7 	 Include bracketed language if there are either multiple Assignors or multiple Assignees. 



  
 D - 1

 Form of Assignment and Assumption 








							
				
	1.	  	Assignor[s]:	  	 	  	
				
		  		  	 	  	
		
		  	[Assignor [is] [is not] a Defaulting Lender]
				
	2.	  	Assignee[s]:	  	 	  	
				
		  		  	 	  	
		
		  	[for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]]
		
	3.	  	Borrower(s): Chicago Bridge & Iron Company (Delaware)8
		
	4.	  	Administrative Agent: Bank of America, N.A., as the administrative agent under the Revolving Credit Agreement
		
	5.	  	Revolving Credit Agreement: Revolving Credit Agreement, dated as of December 21, 2012, among Chicago Bridge & Iron Company N.V., Chicago
Bridge & Iron Company (Delaware), the other Subsidiary Borrowers, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent and Issuing Bank, as may be amended or otherwise modified from time to
time
		
	6.	  	Assigned Interest[s]:

  

																	
	 Assignor[s]9
	  	Assignee[s]10	  	Aggregate
Amount of
Commitment
for all Lenders11	 	  	Amount of
Commitment
Assigned	 	  	Percentage
Assigned of
Commitment12
	 	  	CUSIP
Number
		  		  	$	 	  	  	$	 	  	  	 	%	  	  	
		  		  	$	 	  	  	$	 	  	  	 	%	  	  	
		  		  	$	 	  	  	$	 	  	  	 	%	  	  	

  

	[7.	 Trade Date:
                            ]13 


 Effective Date:                             ,
20            [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 

The terms set forth in this Assignment and Assumption are hereby agreed to: 

 
  

	8 	 Add any Subsidary Borrowers, if applicable. 



	9 	 List each Assignor, as appropriate. 



	10 	 List each Assignee and, if available, its market entity identifier, as appropriate. 



	11 	 Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take into account any payments or prepayments
made between the Trade Date and the Effective Date. 



	12 	 Set forth, to at least 9 decimals, as a percentage of the Commitment of all Lenders thereunder. 



	13 	 To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date.




  
 D - 2

 Form of Assignment and Assumption 







 
			
	ASSIGNOR[S]14
	[NAME OF ASSIGNOR]
		
	By:	 	 
	
	[NAME OF ASSIGNOR]
		
	By:	 	 
		 	Title:
	
	ASSIGNEE[S]15
	[NAME OF ASSIGNEE]
		
	By:	 	 
		 	Title:
	
	[NAME OF ASSIGNEE]
		
	By:	 	 
		 	Title:


  

			
	Consented to and Accepted:
	
	BANK OF AMERICA, N.A., as
	  Administrative Agent and Issuing Bank
		
	By:	 	 
		 	Title:
	
	Consented to:16
		
	By:	 	 
		 	Title:

  
  

	14 	 Add additional signature blocks as needed. Include both Fund/Pension Plan and manager making the trade (if applicable). 



	15 	 Add additional signature blocks as needed. Include both Fund/Pension Plan and manager making the trade (if applicable). 



	16 	 Other Issuing Banks, if any. 



  
 D - 3

 Form of Assignment and Assumption 








			
	Consented to:
	
	CHICAGO BRIDGE & IRON COMPANY N.V.
		
	By:	 	CHICAGO BRIDGE & IRON COMPANY B.V.
	Its:	 	Managing Director

  

			
		
	By 	 	 
	 Name:
 Title:
	 	


  
 D - 4

 Form of Assignment and Assumption 







 ANNEX 1 TO ASSIGNMENT AND ASSUMPTION 

STANDARD TERMS AND CONDITIONS FOR 
 ASSIGNMENT AND ASSUMPTION 
 1. Representations and Warranties. 

1.1. Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of
[the][[the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver
this Assignment and Assumption and to consummate the transactions contemplated hereby and (iv) it is [not] a Defaulting Lender; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations
made in or in connection with the Revolving Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder,
(iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates
or any other Person of any of their respective obligations under any Loan Document. 
 1.2. Assignee. [The][Each]
Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a
Lender under the Revolving Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 14.1(b)(iii) and (v) of the Revolving Credit Agreement (subject to such consents, if any, as may be required
under Section 14.1(b)(iii) of the Revolving Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Revolving Credit Agreement as a Lender thereunder and, to the extent of [the][the
relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the Person
exercising discretion in making its decision to acquire [the][such] Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Revolving Credit Agreement, and has received or has been accorded the
opportunity to receive copies of the most recent financial statements delivered pursuant to Section 7.1 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to
enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has
deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Lender not organized under the law of a jurisdiction in the United
States of America, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Revolving Credit Agreement, duly completed and executed by [the][such] Assignee; and (b) agrees that (i) it will,
independently and without reliance on the Administrative Agent, [the][any] Assignor or any 

  
 D - 5

 Form of Assignment and Assumption 







 
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 Loan
Documents, and (ii) 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. 

2. Payments. From and after the Effective Date, the Administrative Agent shall make all payments in respect of [the][each]
Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have
accrued from and after the Effective Date. Notwithstanding the foregoing, the Administrative Agent shall make all payments of interest, fees or other amounts paid or payable in kind from and after the Effective Date to [the][the relevant] Assignee.

 3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties
hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this
Assignment and Assumption by telecopy or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in
accordance with, the law of the State of New York. 

  
 D - 6

 Form of Assignment and Assumption 







 EXHIBIT E-1 

FORM OF COMPANY’S US COUNSEL’S OPINION 
 Separately provided. 

  
 E-1 - 1

 Form of Company’s US Counsel’s Opinion 







 EXHIBIT E-2 

FORM OF 

COMPANY’S FOREIGN COUNSEL’S OPINION 
 Separately provided. 

  
 E-2 - 1

 Form of Company’ Foreign Counsel’s Opinion 







 EXHIBIT E-3 

[RESERVED] 






 EXHIBIT E-4 

FORM OF 

COUNSEL’S OPINION FOR SUBSIDIARY BORROWERS 
 Separately provided. 

  
 E-4 - 1

 Closing Documents 







 EXHIBIT E-5 

FORM OF COMPANY’S US COUNSEL’S OPINION 
 Separately provided. 

  
 E-5 - 1

 Closing Documents 







 EXHIBIT F 

FORM OF OFFICER’S CERTIFICATE 
 OFFICER’S CERTIFICATE 

[            ], 20[    ] 

Reference is made to that certain Revolving Credit Agreement, dated as of December 21, 2012 (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the “Revolving Credit Agreement”), among Chicago Bridge & Iron Company N.V., Chicago Bridge & Iron Company (Delaware), a Delaware corporation
(the “Company”), the other Loan Parties party therto, the Lenders party thereto and Bank of America, N.A., as Administrative Agent for the Lenders. Capitalized terms used but not otherwise defined in this Officer’s
Certificate (the “Certificate”) shall have the meanings assigned to such terms in the Revolving Credit Agreement. 
 The undersigned, in his/her capacity as an Authorized Officer of the Company not in any personal capacity, certifies on behalf of the Company that as of the date hereof, to his/her knowledge, after
diligent inquiry of all relevant persons at the Company and its respective Subsidiaries: 
 [There exists no Default or
Unmatured Default.] 
 [The following is a list of each Default or Unmatured Default that exists, and in each case the nature
and status thereof:] 
 [Signature Page Follows] 

  
 F - 1

 Form of Officer’s Certificate 







 IN WITNESS WHEREOF, I have executed this Certificate on the date first written above.

  

			
	 CHICAGO BRIDGE & IRON
   COMPANY N.V.

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



  
 F - 2

 Form of Officer’s Certificate 







 EXHIBIT G 

FORM OF COMPLIANCE CERTIFICATE 
 Financial Statement Date:             ,  
  

	To:	Bank of America, N.A., as Administrative Agent 


Ladies and Gentlemen: 

Reference is made to that certain Revolving Credit Agreement, dated as of December 21, 2012 (as amended, restated, amended and
restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among Chicago Bridge & Iron Company N.V. (the
“Company”), Chicago Bridge & Iron Company (Delaware), a Delaware corporation (“Initial Borrower”), the other Loan Parties party thereto, the Lenders from time to time party thereto, and Bank of America,
N.A., as Administrative Agent and Issuing Bank. 
 The undersigned Authorized Officer hereby certifies as of the date hereof
that he/she is
the                                         of
the Company, and that, as such, he/she is authorized to execute and deliver this Certificate to the Administrative Agent on the behalf of the Company, and that: 
 [Use following paragraph 1 for fiscal year-end financial statements] 
 1. The Company has delivered the year-end audited financial statements required by Section 7.1(a)(ii) of the Agreement for the fiscal year of the Company ended as of the above date, together
with the report and opinion of an independent certified public accountant required by such section. 
 [Use following
paragraph 1 for fiscal quarter-end financial statements] 
 1. The Company has delivered the unaudited
financial statements required by Section 7.1(a)(i) of the Agreement for the fiscal quarter of the Company ended as of the above date. Such financial statements fairly present the consolidated financial position of the Company and its
Subsidiaries and the results of operations and cash flows of the Company and its Subsidiaries in accordance with Agreement Accounting Principles as at such date and for such period, subject only to normal year-end audit adjustments and the absence
of footnotes. 
 2. The undersigned has reviewed the terms of the Agreement and has made, or has caused to be made under his/her
supervision, a detailed review of the transactions and condition of the Company during the accounting period covered by such financial statements. 
 3. The financial covenant analyses and information set forth on Schedules 1 and 2 attached hereto are true and accurate on and as of the date of this Certificate. 

  
 G - 1

 Form of Compliance Certificate 







 IN WITNESS WHEREOF, the undersigned has executed this Certificate as
of             ,             . 

 

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



  
 G - 2

 Form of Compliance Certificate 







 For the Quarter/Year ended
            (“Statement Date”) 
 SCHEDULE 1

 to the Compliance Certificate 
 ($ in 000’s) 
  

	I.	Section 7.4 (a) – Maximum Leverage Ratio. 

  

					
	 A.     Adjusted Indebtedness at Statement Date17:
	  	 	$                        	  
		
	 B.     EBITDA for four consecutive fiscal quarters ending on above date (“Subject
Period”):
	  	 	$                        	  
		
	 C.     Leverage Ratio (Line I.A ÷ Line I.B):
	  	 	              to 1.00	  

 Maximum permitted: 
  

					
	 Period of Four Fiscal Quarters:
	  	Maximum
Leverage 
Ratio	 
	 Fiscal quarter as of the Transaction Closing Date and the first two fiscal quarters ending immediately after the Transaction
Closing Date
	  	 	3.25:1.00	  
	 Third and fourth fiscal quarters ending immediately after the Transaction Closing Date
	  	 	3.00:1.00	  
	 Fifth and six fiscal quarters ending immediately after the Transaction Closing Date
	  	 	2.75:1.00	  
	 Thereafter
	  	 	2.50:1.00	  

  

	II.	Section 7.4 (b) – Minimum Fixed Charge Coverage Ratio. 


 

					
	 A.     Consolidated Net Income Available for Fixed Charges:
	  			
		
	 1.      Consolidated Net Income for Subject Period:
	  	 	$                    	  
		
	 2.      Provision for income taxes for Subject Period:
	  	 	$                    	  
		
	 3.      Consolidated Fixed Charges for Subject Period:
	  	 	$                    	  
		
	 4.      Consolidated Net Income Available for Fixed Charges (Lines II.A1 + 2 + 3):
	  	 	$                    	  

  

	17 	 For the avoidance of doubt, the Indebtedness of NEH will be excluded from the Leverage Ratio. 



  
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 Form of Compliance Certificate 








					
	 B.     Consolidated Fixed Charges for Subject Period:
	  	 	$                        	  
		
	 1.      Consolidated Long-Term Lease Rentals for Subject Period:
	  	 	$                        	  
		
	 2.      Consolidated interest expense for the Subject Period:
	  	 	$                        	  
		
	 3.      Consolidated Fixed Charges for Subject Period (Lines II.B1 + 2)18:
	  	 	$                        	  
		
	 C.     Fixed Charge Coverage Ratio (Line II.A4 ÷ Line II.B3):
	  	 	              to 1.00	  

 Minimum required: 
  

					
	 Four Fiscal Quarters Ending
	  	Minimum Fixed
Charge 
Coverage
Ratio	 
	 Transaction Closing Date through Termination Date
	  	 	1.75:1.00	  

  

	III.	Section 7.4 (c) – Minimum Consolidated Net Worth. 

  

					
	 A.     Consolidated Net Worth at Statement Date:
	  	 	$                    	  
		
	 B.     50% of Consolidated Net Income for each full fiscal quarter ending after September 30,
2010
	  	 	$                    	  
		
	 C.     75% of adjustments in stockholders’ equity after June 30, 2010 as a result of the
issuance of Equity Interests:
	  	 	$                    	  
		
	 D.     Minimum Tangible Net Worth (Lines III.B + III.C + $674,755,000):
	  	 	$                    	  
		
	 E.     Minimum amount of Consolidated Net Worth that the Company shall be required to maintain under any
instrument, agreement or indenture pertaining to any Material Indebtedness:
	  	 	$                    	  
		
	 F.      Greater of Line III.D and Line III.E
	  	 	$                    	  
		
	 G.     Excess (deficient) for covenant compliance (Line III.A – III.F):
	  	 	$                    	  

  

	18 	 Reflect annualization until four quarters after Transaction Closing Date. 



  
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 Form of Compliance Certificate 







 For the Quarter/Year ended
            (“Statement Date”) 
 SCHEDULE 2

 to the Compliance Certificate 
 ($ in 000’s) 
 EBITDA 

(in accordance with the definition of EBITDA 
 as set forth in the Agreement) 
  

											
	EBITDA	  	 Quarter

Ended
	  	 Quarter

Ended
	  	 Quarter

Ended
	  	 Quarter

Ended
	  	 Twelve

Months

Ended

						
	 (1)     Consolidated Net Income
	  		  		  		  		  	
						
	 (2)     + Interest Expense
	  		  		  		  		  	
						
	 (3)     + charges against income for foreign, federal, state and local taxes to the extent
deducted
	  		  		  		  		  	
						
	 (4)     + non-recurring non-cash charges (excluding any charge that becomes, or is expected to become, a
cash charge) to the extent deducted
	  		  		  		  		  	
						
	 (5)     + extraordinary losses to the extent deducted
	  		  		  		  		  	
						
	 (6)     - non-recurring non-cash credits to the extent added
	  		  		  		  		  	


  
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 Form of Compliance Certificate 








											
						
	 (7)     - extraordinary gains to the extent added
	  		  		  		  		  	
						
	 (ii)     + depreciation expense
	  		  		  		  		  	
						
	 (iii)   + amortization expense
	  		  		  		  		  	
						
	 (iv)    + non-cash compensation expenses for management or employees to the extent deducted
	  		  		  		  		  	
						
	 (v)     + extraordinary, unusual or non-recurring charges deducted, arising from (A) the GenOn AQC
Project, not to exceed $20.1 million, incurred prior to May 31, 2012 and (B) the Dominion project, not to exceed $88 million, incurred prior to May 31, 2012
	  		  		  		  		  	
						
	 (vi)    + to the extent not already included, dividends distributions actually received in cash received from
Persons other than Subsidiaries
	  		  		  		  		  	


  
 G - 6

 Form of Compliance Certificate 








											
						
	 (vii)  + Retention bonuses paid in connection with the Transaction not to exceed $25,000,000
	  		  		  		  		  	
						
	 (viii) + charges, fees and expenses incurred in connection with the Transaction
	  		  		  		  		  	
						
	 (ix)    + charges, fees and expenses incurred in connection with restructuring and integration activities in
connection with the Transaction
	  		  		  		  		  	
						
	 (x)     + expenses incurred in connection with the Acquisition and relating to termination and severance
as to, or relocation of, officers, directors and employees not exceeding $110,000,000
	  		  		  		  		  	
						
	 =        Consolidated EBITDA19
	  		  		  		  		  	

  

	19 	 Provided that EBITDA shall exclude the EBITDA of the business sold pursuant to the E&C Sale (as defined in the Transaction Agreement) from
and after the date that the E&C Sale is consummated, on a pro forma basis as if the E&C Sale had occurred on the first business day of the period; provided, further that clauses (v), (vii), (ix) and (x) shall be
applicable only from and after the consummation of the Shaw Acquisition. 



  
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 Form of Compliance Certificate 







 EXHIBIT H 

FORM OF SUBSIDIARY GUARANTY 
 THIS SUBSIDIARY GUARANTY (this “Guaranty”) is made as of the
21st day of December, 2012, by CHICAGO BRIDGE &
IRON COMPANY, a Delaware corporation, CHICAGO BRIDGE & IRON COMPANY (DELAWARE), a Delaware corporation and the undersigned Subsidiaries (collectively, the “Initial Guarantors” and along with any additional Subsidiaries
which become parties to this Guaranty by executing a Supplement hereto in the form attached as Annex I, the “Guarantors”) in favor of the Administrative Agent under (and as defined in) the Revolving Credit Agreement referred to
below; 
 WITNESSETH: 
 WHEREAS, CHICAGO BRIDGE & IRON COMPANY N.V., a corporation organized under the laws of the Kingdom of the Netherlands (the “Company”), CHICAGO BRIDGE & IRON COMPANY
(DELAWARE), a Delaware corporation, (the “Initial Borrower”), and the other Subsidiary Borrowers (together with the Initial Borrower, the “Borrowers”), the institutions from time to time parties thereto as lenders
(the “Lenders”), BANK OF AMERICA, N.A., as Administrative Agent for the Lenders (the “Administrative Agent”), have entered into a certain Revolving Credit Agreement dated as of December 21, 2012 (as may be
amended, restated, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the “Revolving Credit Agreement”), providing, subject to the terms and conditions thereof, for extensions of credit
and other financial accommodations to be made by the Lenders to the Borrowers; 
 WHEREAS, it is a condition precedent to the
initial extensions of credit by the Lenders under the Revolving Credit Agreement that each of the Guarantors execute and deliver this Guaranty, whereby each of the Guarantors shall guarantee the payment when due of all “Obligations” (as
defined in the Revolving Credit Agreement), including, without limitation, all principal, interest and other amounts that shall be at any time payable by the Borrowers under the Revolving Credit Agreement or the other Loan Documents, and all Hedging
Obligations to which any Lender shall be a counterparty (each a “Designated Hedging Agreement”); and 

WHEREAS, in consideration of the direct and indirect financial and other support that one or more of the Borrowers has provided, and such
direct and indirect financial and other support as the Borrowers may in the future provide, to the Guarantors, and in order to induce the Lenders and the Administrative Agent to enter into the Revolving Credit Agreement, each of the Guarantors is
willing to guarantee the Obligations of the Borrowers under the Revolving Credit Agreement and the other Loan Documents and all Hedging Obligations under any Designated Hedging Agreements; 

NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows: 

  
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 I. Definitions. Terms defined in the Revolving Credit Agreement and not otherwise defined herein
have, as used herein, the respective meanings provided for therein. 
 II. Representations, Warranties and Covenants. Each of the
Guarantors represents and warrants (which representations and warranties shall be deemed to have been renewed at the time of the making, conversion or continuation of any Loan or issuance of any Letter of Credit) that: 

 

	 	(1)	It is a corporation, partnership limited liability company or establishment (or for certain entities organized under the laws of Liechtenstein, a legal entity in the
form of “Anstalt” under the laws of Liechtenstein) duly and properly incorporated or formed, validly existing and in good standing under the laws of its jurisdiction of incorporation or formation, and has all requisite authority to
conduct its business as a foreign Person in each jurisdiction in which its business is conducted, except where the failure to have such requisite authority would not have a Material Adverse Effect. 


 

	 	(2)	It has the power and authority and legal right to execute and deliver this Guaranty and to perform its obligations hereunder. The execution and delivery by it of this
Guaranty and the performance by each of its obligations hereunder have been duly authorized by proper proceedings, and this Guaranty constitutes a legal, valid and binding obligation of each Guarantor, enforceable against such Guarantor, in
accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally. 


 

	 	(3)	Neither the execution and delivery by it of this Guaranty, nor the consummation by it of the transactions herein contemplated, nor compliance by it with the terms and
provisions hereof, will (i) violate any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on it or its certificate or articles of incorporation or by-laws, limited liability company or partnership agreement (as
applicable) or the provisions of any indenture, instrument or material agreement to which it is a party or is subject, or by which it, or its property, is bound, (ii) or conflict with or constitute a default thereunder, except such interference
or default which individually or in the aggregate could not reasonably be expected to have a Material Adverse Effect, or (iii) result in the creation or imposition of any Lien in, of or on its property pursuant to the terms of any such
indenture, instrument or material agreement. No order, consent, approval, license, authorization, or validation of, or filing, recording or registration with, or exemption by, any Governmental Authority, is required to authorize, or is required in
connection with the execution, delivery and performance by it of, or the legality, validity, binding effect or enforceability against it of, this Guaranty. 

 In addition to the foregoing, each of the Guarantors covenants that, so long as any Lender has any Commitment outstanding under the Revolving Credit Agreement or any amount payable under the Revolving
Credit Agreement or any other Obligations or Hedging Obligations under Designated Hedging Agreements shall remain unpaid, it will, and, if necessary, will enable the Borrowers to, fully comply with those covenants and agreements of the Borrowers
applicable to such Guarantor set forth in the Revolving Credit Agreement. 

  
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 III. The Guaranty. (a) For valuable consideration, the receipt of which is hereby acknowledged,
and to induce the Lenders to make advances to each Borrower and to issue and participate in Letters of Credit and Swing Line Loans, the Guarantors hereby absolutely and unconditionally guarantees prompt payment when due, whether at stated maturity,
upon acceleration or otherwise, and at all times thereafter, of any and all existing and future Obligations of each Borrower to the Administrative Agent, the Lenders, the Swing Line Lender, the Issuing Banks, or any of them, under or with respect to
the Loan Documents, whether for principal, interest, fees, expenses or otherwise, and all Hedging Obligations of any Borrower owing to any Lender or any Affiliate of any Lender under any Designated Hedging Agreement (collectively, the
“Guaranteed Obligations”). 
 (b) Without limiting the generality of the foregoing, each Guarantor’s liability shall
extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any other Loan Party to any Lender under or in respect of the Loan Documents but for the fact that they are unenforceable or not allowable due to the
existence of a bankruptcy, reorganization or similar proceeding involving such other Loan Party. Each Guarantor, and by its acceptance of this Guaranty, the Administrative Agent and each other Lender Party, hereby confirms that it is the intention
of all such Persons that this Guaranty and the Obligations of each Subsidiary Guarantor hereunder not constitute a fraudulent transfer or conveyance for purposes of Debtor Relief Laws, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent
Transfer Act or any similar foreign, federal or state law to the extent applicable to this Guaranty and the Obligations of each Subsidiary Guarantor hereunder. To effectuate the foregoing intention, the Administrative Agent, the Lenders and the
Guarantors hereby irrevocably agree that the Obligations of each Subsidiary Guarantor under this Guaranty at any time shall be limited to the maximum amount as will result in the Obligations of such Guarantor under this Guaranty not constituting a
fraudulent transfer or conveyance. Each Guarantor hereby unconditionally and irrevocably agrees that in the event any payment shall be required to be made to any Lender under this Guaranty or any other guaranty, such Guarantor will contribute, to
the maximum extent permitted by law, such amounts to each other Guarantor and each other guarantor so as to maximize the aggregate amount paid to the Lenders under or in respect of the Loan Documents. 

IV. Waivers; Subordination of Subrogation. 
 (a) Waivers. Each Guarantor waives notice of the acceptance of this guaranty and of the extension or continuation of the Guaranteed Obligations or any part thereof. Each Guarantor further waives
presentment, protest, notice of notices delivered or demand made on any Borrower or action or delinquency in respect of the Guaranteed Obligations or any part thereof, including any right to require the Administrative Agent and the Lenders to sue
any Borrower, any other guarantor or any other Person obligated with respect to the Guaranteed Obligations or any part thereof; provided, that if at any time any payment of any portion of the Guaranteed Obligations is rescinded or must
otherwise be restored or returned upon the insolvency, bankruptcy or reorganization of any of the Borrowers or otherwise, the Guarantors’ obligations hereunder with respect to such payment shall be reinstated at such time as though such payment
had not been made and whether or not the Administrative Agent or the Lenders are in possession of this guaranty. The Administrative Agent and the Lenders shall have no obligation to disclose or discuss with any Guarantor their assessments of the
financial condition of any of the Borrowers. 

  
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 (b) Subordination of Subrogation. Until the Guaranteed Obligations have been indefeasibly paid in
full in cash, each Guarantor (i) shall have no right of subrogation with respect to such Guaranteed Obligations and (ii) waives any right to enforce any remedy which the Administrative Agent now has or may hereafter have against any
Borrower, any other Guarantor, any endorser or any guarantor of all or any part of the Guaranteed Obligations or any other Person. Should any Guarantor have the right, notwithstanding the foregoing, to exercise its subrogation rights, each Guarantor
hereby expressly and irrevocably (a) subordinates any and all rights at law or in equity to subrogation, reimbursement, exoneration, contribution, indemnification or set off that such Guarantor may have to the indefeasible payment in full in
cash of the Guaranteed Obligations and (b) waives any and all defenses available to a surety, guarantor or accommodation co obligor until the Guaranteed Obligations are indefeasibly paid in full in cash. Each Guarantor acknowledges and agrees
that this subordination is intended to benefit the Administrative Agent and shall not limit or otherwise affect any Guarantor’s liability hereunder or the enforceability of this Guaranty, and that the Administrative Agent, the Lenders and their
successors and assigns are intended third party beneficiaries of the waivers and agreements set forth in this Section IV. 
 V. Guaranty
Absolute. This guaranty is a guaranty of payment and not of collection, is a primary obligation of each Guarantor and not one of surety, and the validity and enforceability of this guaranty shall be absolute and unconditional irrespective of,
and shall not be impaired or affected by any of the following: (a) any extension, modification or renewal of, or indulgence with respect to, or substitutions for, the Guaranteed Obligations or any part thereof or any agreement relating thereto
at any time; (b) any failure or omission to enforce any right, power or remedy with respect to the Guaranteed Obligations or any part thereof or any agreement relating thereto; (c) any waiver of any right, power or remedy with respect to
the Guaranteed Obligations or any part thereof or any agreement relating thereto; (d) any release, surrender, compromise, settlement, waiver, subordination or modification, with or without consideration, any other guaranties with respect to the
Guaranteed Obligations or any part thereof, or any other obligation of any Person with respect to the Guaranteed Obligations or any part thereof; (e) the enforceability or validity of the Guaranteed Obligations or any part thereof or the
genuineness, enforceability or validity of any agreement relating thereto, including, without limitation, as a result of a Country Risk Event; (f) the application of payments received from any source to the payment of obligations other than the
Guaranteed Obligations, any part thereof or amounts which are not covered by this guaranty even though the Administrative Agent and the Lenders might lawfully have elected to apply such payments to any part or all of the Guaranteed Obligations or to
amounts which are not covered by this guaranty; (g) any change in the ownership of any Borrower or the insolvency, bankruptcy or any other change in the legal status of any Borrower; (h) the change in or the imposition of any law, decree,
regulation or other governmental act which does or might impair, delay or in any way affect the validity, enforceability or the payment when due of the Guaranteed Obligations; (i) the failure of the Company or any other Borrower to maintain in
full force, validity or effect or to obtain or renew when required all governmental and other approvals, licenses or consents required in connection with the 

  
 H - 4








 
Guaranteed Obligations or this guaranty, or to take any other action required in connection with the performance of all obligations pursuant to the Guaranteed Obligations or this guaranty;
(j) the existence of any claim, setoff or other rights which the Company may have at any time against any Borrower, or any other Person in connection herewith or an unrelated transaction; or (k) any other circumstances, whether or not
similar to any of the foregoing, which could constitute a defense to a guarantor; all whether or not such Guarantor shall have had notice or knowledge of any act or omission referred to in the foregoing clauses (a) through (k) of this
paragraph. It is agreed that each Guarantor’s liability hereunder is several and independent of any other guaranties or other obligations at any time in effect with respect to the Guaranteed Obligations or any part thereof and that each
Guarantor’s liability hereunder may be enforced regardless of the existence, validity, enforcement or non-enforcement of any such other guaranties or other obligations or any provision of any applicable law or regulation purporting to prohibit
payment by any Borrower of the Guaranteed Obligations in the manner agreed upon between the Borrower and the Administrative Agent and the Lenders. 
 VI. Acceleration. Each Guarantor agrees that, as between such Guarantor on the one hand, and the Lenders and the Administrative Agent, on the other hand, the obligations of each Borrower guaranteed
under this Guaranty may be declared to be forthwith due and payable, or may be deemed automatically to have been accelerated, as provided in Section 9.1 of the Revolving Credit Agreement for purposes of this Guaranty, notwithstanding any stay,
injunction or other prohibition (whether in a bankruptcy proceeding affecting such Borrower or otherwise) preventing such declaration as against such Borrower and that, in the event of such declaration or automatic acceleration, such obligations
(whether or not due and payable by such Borrower) shall forthwith become due and payable by each Guarantor for purposes of this Guaranty. 

VII. Marshaling; Reinstatement. None of the Lenders nor the Administrative Agent nor any Person acting for or on behalf of the Lenders or the
Administrative Agent shall have any obligation to marshal any assets in favor of any Guarantor or against or in payment of any or all of the Guaranteed Obligations. If any Guarantor or any other guarantor of all or any part of the Guaranteed
Obligations makes a payment or payments to any Lender or the Administrative Agent, which payment or payments or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to any
Guarantor or any other guarantor or any other Person, or their respective estates, trustees, receivers or any other party, including, without limitation, each Guarantor, under any bankruptcy law, state or federal law, common law or equitable cause,
then, to the extent of such payment or repayment, the part of the Guaranteed Obligations which has been paid, reduced or satisfied by such amount shall be reinstated and continued in full force and effect as of the time immediately preceding such
initial payment, reduction or satisfaction. 
 VIII. Termination Date. This Guaranty is a continuing guaranty and shall remain in effect
until the later of (a) the Facility Termination Date, and (b) the date on which all of the Guaranteed Obligations have been paid in full in cash, subject to the proviso in Section IV(a). 

IX. Notices. All notices, requests and other communications to any party hereunder shall be given in the manner prescribed in Article XV of
the Revolving Credit Agreement with respect to the Administrative Agent at its notice address therein and with respect to any Guarantor at the 

  
 H - 5








 
address set forth below or such other address or telecopy number as such party may hereafter specify for such purpose by notice to the Administrative Agent in accordance with the provisions of
such Article XV. 
 Notice Address for Guarantors: 

c/o Chicago Bridge & Iron Company 
 One CB&I Plaza 
 2103 Research Forest Drive 

The Woodlands, TX 77380 

	 	Attn:	Richard E. Goodrich, Executive Vice President & Chief Financial Officer 

 Fax: (            )              

X. No Waivers. No failure or delay by the Administrative Agent or any holders of Guaranteed Obligations in exercising any right, power or
privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies provided in this
Guaranty, the Revolving Credit Agreement, any Designated Hedging Agreement and the other Loan Documents shall be cumulative and not exclusive of any rights or remedies provided by law. 
 XI. Successors and Assigns. This Guaranty is for the benefit of the Administrative Agent and the holders of Guaranteed Obligations and their respective successors and permitted assigns,
provided, that no Guarantor shall have any right to assign its rights or obligations hereunder without the consent of all of the Lenders, and any such assignment in violation of this Section XI shall be null and void; and in the event
of an assignment of any amounts payable under the Revolving Credit Agreement, any Designated Hedging Agreement or the other Loan Documents in accordance with the respective terms thereof, the rights hereunder, to the extent applicable to the
indebtedness so assigned, may be transferred with such indebtedness. This Guaranty shall be binding upon each of the Guarantors and their respective successors and assigns. 
 XII. Changes in Writing. Other than in connection with the addition of additional Subsidiaries, which become parties hereto by executing a Supplement hereto in the form attached as Annex I, neither
this Guaranty nor any provision hereof may be changed, waived, discharged or terminated orally, but only in writing signed by each of the Guarantors and the Administrative Agent with the consent of the Required Lenders under the Revolving Credit
Agreement). 
 XIII. GOVERNING LAW. THIS GUARANTY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK. 
 XIV. CONSENT TO JURISDICTION; SERVICE OF PROCESS; JURY TRIAL. 

(A) EXCLUSIVE JURISDICTION. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE
EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES 

  
 H - 6








 
DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTY OR ANY OTHER LOAN DOCUMENT,
OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED
IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS GUARANTY OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR ANY ISSUING BANK MAY OTHERWISE HAVE TO
BRING ANY ACTION OR PROCEEDING RELATING TO THIS GUARANTY OR ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 
 (b) WAIVER OF VENUE. EACH GUARANTOR IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE
OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTY OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

(c) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN ARTICLE
XV OF THE REVOLVING CREDIT AGREEMENT. NOTHING IN THIS GUARANTY WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 
 (d) WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY
OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS GUARANTY OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS GUARANTY AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

  
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 (e) ADVICE OF COUNSEL. EACH OF THE PARTIES REPRESENTS TO EACH OTHER PARTY HERETO THAT
IT HAS DISCUSSED THIS GUARANTY AND, SPECIFICALLY, THE PROVISIONS OF THIS SECTION XIV, WITH ITS COUNSEL. 
 XV. Taxes, Expenses of
Enforcement, etc. 
  

	A.	Taxes. 

  

	 	(1)	Any and all payments by any of the Guarantors hereunder (whether in respect of principal, interest, fees or otherwise) shall be subject to Section 2.14(e) of the
Revolving Credit Agreement as if such payments were made by a Borrower, mutatis mutandis. 

  

	 	(2)	Without prejudice to the survival of any other agreement of the Guarantors hereunder, the agreements and obligations of the Guarantors contained in this
Section XV(A) shall survive the payment in full of all Guaranteed Obligations and the termination of this Guaranty. 

  

	B.	Expenses of Enforcement, Etc. The Guarantors agree to reimburse the Administrative Agent and the holders of Obligations for any costs and out-of-pocket expenses
(including reasonable attorneys’ fees and time charges of attorneys for the Administrative Agent and the holders of Obligations, which attorneys may be employees of the Administrative Agent or the holders of Obligations) paid or incurred by the
Administrative Agent or any holders of Obligation in connection with the collection and enforcement of amounts due under the Loan Documents, including without limitation this Guaranty. The Administrative Agent agrees to distribute payments received
from any of the Guarantors hereunder to the holders of Obligations on a pro rata basis for application in accordance with the terms of the respective Credit Agreements. 

 XVI. Judgment Currency. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due from any Guarantor hereunder in the currency expressed to be payable herein
(the “specified currency”) into another currency, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures the
Administrative Agent could purchase the specified currency with such other currency at the Administrative Agent’s main office in New York City, New York on the Business Day preceding that on which the final, non-appealable judgment is given.
The obligations of each Guarantor in respect of any sum due to the Administrative Agent, for itself and the other Lenders, hereunder or under any other Loan Document shall, notwithstanding any judgment in a currency other than the specified
currency, be discharged only to the extent that on the Business Day following receipt by the Administrative Agent of any sum adjudged to be so due in such other currency the Administrative Agent may in accordance with normal, reasonable banking
procedures purchase the specified currency with such other currency. If the amount of the specified currency so purchased is less than the sum originally due to the Administrative Agent, on behalf of itself or any Lender, in the specified currency,
each Guarantor agrees, to the fullest extent that it may effectively do so, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent against such loss. 

  
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 XVII. Setoff. Each Guarantor agrees to the terms of Article XIII of the Revolving Credit Agreement,
which is incorporated herein by reference, as if it were an original party thereto. 
 XVIII. Financial Information. Each Guarantor
hereby assumes responsibility for keeping itself informed of the financial condition of the Borrowers and any and all endorsers and/or other Guarantors of all or any part of the Guaranteed Obligations, and of all other circumstances bearing upon the
risk of nonpayment of the Guaranteed Obligations, or any part thereof, that diligent inquiry would reveal, and each Guarantor hereby agrees that none of the holders of Obligations or the Administrative Agent shall have any duty to advise such
Guarantor of information known to any of them regarding such condition or any such circumstances. In the event any holder of Obligations or the Administrative Agent, in its sole discretion, undertakes at any time or from time to time to provide any
such information to a Guarantor, such holder of Obligations or the Administrative Agent shall be under no obligation (i) to undertake any investigation not a part of its regular business routine, (ii) to disclose any information which such
holder of Obligations or the Administrative Agent, pursuant to accepted or reasonable commercial finance or banking practices, wishes to maintain confidential or (iii) to make any other or future disclosures of such information or any other
information to such Guarantor. 
 XIX. Severability. If any provision of this Guaranty or the other Loan Documents is held to be illegal,
invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Guaranty and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith
negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a
particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 XX. Merger. This
Guaranty represents the final agreement of each of the Guarantors with respect to the matters contained herein and may not be contradicted by evidence of prior or contemporaneous agreements, or subsequent oral agreements, between the Guarantor and
any holder of Obligations or the Administrative Agent. 
 XXI. Headings. Section headings in this Guaranty are for convenience of
reference only and shall not govern the interpretation of any provision of this Guaranty. 
 XXII. Limitations for the Liechtenstein
Guarantor 
 The amounts payable according to the terms of this Guaranty by a Guarantor incorporated under the laws of Liechtenstein (a
“Liechtenstein Guarantor) are limited as follows: 
 If a payment in fulfillment of the Guaranteed Obligations would, at the time
payment is due, not be permitted under Art. 545 (2) of the Liechtenstein Company Act (Personen- und Gesellschaftsrecht) or similar provisions prohibiting capital repayment or restricting profit distributions, then such Guaranteed
Obligations and payment amounts are limited to the amount permitted to be paid in accordance with such provisions. 

  
 H - 9








 Such limited amount shall, however, at no time be less than the distributable net assets
(verfügbarer Reingewinn) available for distribution to the shareholders of the respective Liechtenstein Guarantor in accordance with Art. 545 (2) of the Liechtenstein Company Act (Personen- und Gesellschaftsrecht) and the
provisions of its articles of association and by-laws (net of taxes, if applicable) at any time payment under or pursuant to this Guaranty is requested from the respective Liechtenstein Guarantor (from time to time each a “Minimum Guaranty
Amount”). 
 The limitations set out herein (as may apply) shall not (generally or definitively) free the Liechtenstein Guarantor from
payment obligations hereunder in excess thereof, but merely postpone the payment date therefore until such times as payment is again possible in accordance with the above mentioned limitations. 

In order to allow the Lenders to obtain a maximum benefit under and of this Guaranty, the Liechtenstein Guarantor undertakes to promptly implement all
such measures and/or to promptly procure the fulfillment of all prerequisites allowing it to make the (requested) payment(s) hereunder, including the following: 
  

	 	(a)	preparation of an audited interim balance sheet (geprüfter Zwischenabschluss) of the Liechtenstein Guarantor; 


 

	 	(b)	confirmation of the auditors of the relevant Liechtenstein Guarantor that the relevant Minimum Guaranty Amount represents (the maximum of) freely distributable profits
(verfügbarer Reingewinn); 

  

	 	(c)	approval by a shareholder(s) meeting (Gründerrechtversammlung) of the Liechtenstein Guarantor of the (resulting) profit distribution in the amount of the
Minimum Guarantee Amount; and 

  

	 	(d)	all such other measures necessary or useful to allow the Liechtenstein Guarantor to make the payments agreed hereunder with a minimum of limitation, including the
conversion of unnecessary restricted reserves into distributable reserves. 

 For the avoidance of doubt, the limitations
hereinbefore referred to shall not lead to an obligation of the Liechtenstein Guarantor to decrease its statutory capital (Anstaltskapital) or statutory reserves (statutarischer Reservefonds). 

  
 H - 10








 IN WITNESS WHEREOF, each Initial Guarantor has caused this Guaranty to be duly executed by
its authorized officer as of the day and year first above written. 
  

			
	CHICAGO BRIDGE & IRON COMPANY a Delaware corporation
		
	By	 	 
	Name: Ronald A. Ballschmiede
	Title: Authorized Signatory
	
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
		
	By	 	 
	Name: Ronald A. Ballschmiede
	Title: Authorized Signatory
	
	CB&I TYLER COMPANY
		
	By	 	 
	Name:
	Title:
	
	CB&I INC.
		
	By	 	 
	Name: Ronald A. Ballschmiede
	Title: Authorized Signatory
	
	CHICAGO BRIDGE & IRON COMPANY, an Illinois corporation
		
	By	 	 
	Name: Ronald A. Ballschmiede
	Title: Authorized Signatory
	
	A&B BUILDERS, LTD.
		
	By	 	 
	Name:
	Title:


  
 H - 11









			
	ASIA PACIFIC SUPPLY COMPANY
		
	By	 	 
	Name:
	Title:
	
	CBI AMERICAS LTD.
		
	By	 	 
	Name:
	Title:
	
	CSA TRADING COMPANY, LTD.
		
	By	 	 
	Name:
	Title:
	
	CB&I WOODLANDS L.L.C.
		
	By	 	 
	Name:
	Title:
	
	CBI COMPANY LTD.
		
	By	 	 
	Name:
	Title:
	
	CENTRAL TRADING COMPANY, LTD.
		
	By	 	 
	Name:
	Title:
	
	CONSTRUCTORS INTERNATIONAL, L.L.C.
		
	By	 	 
	Name:
	Title:


  
 H - 12









			
	HBI HOLDINGS, L.L.C.
		
	By	 	 
	Name:
	Title:
	
	HOWE-BAKER INTERNATIONAL, L.L.C.
		
	By	 	 
	Name:
	Title:
	
	HOWE-BAKER ENGINEERS, LTD.
		
	By	 	 
	Name:
	Title:
	
	HOWE-BAKER HOLDINGS, L.L.C.
		
	By	 	 
	Name:
	Title:
	
	HOWE-BAKER MANAGEMENT, L.L.C.
		
	By	 	 
	Name:
	Title:
	
	HOWE-BAKER INTERNATIONAL MANAGEMENT L.L.C.
		
	By	 	 
	Name:
	Title:
	
	MATRIX ENGINEERING, LTD.
		
	By	 	 
	Name:
	Title:


  
 H - 13









			
	MATRIX MANAGEMENT SERVICES, L.L.C.
		
	By	 	 
	Name:
	Title:
	
	OCEANIC CONTRACTORS, INC.
		
	By	 	 
	Name:
	Title:
	
	CBI VENEZOLANA, S.A.
		
	By	 	 
	Name:
	Title:
	
	CBI MONTAJES DE CHILE LIMITADA
		
	By	 	 
	Name:
	Title:
	
	CBI CONSTRUCCIONES S.A.
		
	By	 	 
	Name:
	Title:
	
	CB&I (EUROPE) B.V.
		
	By	 	 
	Name:
	Title:
	
	CBI EASTERN ANSTALT
		
	By	 	 
	Name: Ronald A. Ballschmiede
	Title: Authorized Signatory


  
 H - 14









			
	CBI LUXEMBOURG S.a.r.L.
		
	By	 	 
	Name:
	Title:
	
	CMP HOLDINGS B.V.
		
	By	 	 
	Name:
	Title:

  

									
	 Executed by CBI Constructors Pty Ltd ACN 000 612 411 in accordance with section 127
of the Corporations
 Act 2001:
  
	 		 	 	 	
	Director/company secretary	 		 	Director	 	
				
	 	 		 	 	 	
	Name of director/company secretary	 		 	Name of director	 	
	(BLOCK LETTERS)	 		 	(BLOCK LETTERS)	 	

  

			
	CBI ENGINEERING AND CONSTRUCTION CONSULTANT (SHANGHAI) CO. LTD.
		
	By	 	 
	Name:
	Title:
	
	CBI (PHILIPPINES), INC.
		
	By	 	 
	Name:
	Title:
	
	CBI OVERSEAS, LLC
		
	By	 	 
	Name:
	Title:


  
 H - 15









			
	CBI CONSTRUCTORS (PNG) PTY. LIMITED
		
	By	 	 
	Name:
	Title:
	
	CBI CONSTRUCTORS LIMITED
		
	By	 	 
	Name:
	Title:
	
	CBI HOLDINGS (U.K.) LIMITED
		
	By	 	 
	Name:
	Title:
	
	CB&I UK LIMITED
		
	By	 	 
	Name: Ronald A. Ballschmiede
	Title: Authorized Signatory
	
	CB&I LUMMUS CREST LTD.
		
	By	 	 
	Name:
	Title:
	
	CB&I MALTA LIMITED
		
	By	 	 
	Name:
	Title:
	
	LUTECH RESOURCES LIMITED
		
	By	 	 
	Name:
	Title:


  
 H - 16









			
	NETHERLANDS OPERATING COMPANY B.V.
		
	By	 	 
	Name:
	Title:
	
	CB&I NETHERLAND B.V.
		
	By	 	 
	Name:
	Title:
	
	ARABIAN GULF MATERIAL SUPPLY COMPANY, LTD.
		
	By	 	 
	Name:
	Title:
	
	PACIFIC RIM MATERIAL SUPPLY COMPANY, LTD.
		
	By	 	 
	Name:
	Title:
	
	SOUTHERN TROPIC MATERIAL SUPPLY COMPANY, LTD.
		
	By	 	 
	Name:
	Title:
	
	CHICAGO BRIDGE & IRON (ANTILLES) N.V.
		
	By	 	 
	Name:
	Title:
	
	LUMMUS TECHNOLOGY HEAT TRANSFER B.V.
		
	By	 	 
	Name:
	Title:


  
 H - 17









			
	LEALAND FINANCE COMPANY B.V.
		
	By	 	 
	Name:
	Title:
	
	CB&I FINANCE COMPANY LIMITED
		
	By	 	 
	Name:
	Title:
	
	CB&I OIL & GAS EUROPE B.V.
		
	By	 	 
	Name:
	Title:
	
	CBI COLOMBIANA S.A.
		
	By	 	 
	Name: Ronald A. Ballschmiede
	Title: Authorized Signatory
	
	CHICAGO BRIGE & IRON COMPANY B.V.
		
	By	 	 
	Name: Ronald A. Ballschmiede
	Title: Director
	
	LUMMUS INTERNATIONAL CORPORATION
		
	By	 	 
	Name:
	Title:
	
	HUA LU ENGINEERING CO., LTD.
		
	By	 	 
	Name:
	Title:


  
 H - 18









			
	LUMMUS CATALYST COMPANY LTD.
		
	By	 	 
	Name:
	Title:
	
	LUMMUS OVERSEAS CORPORATION
		
	By	 	 
	Name:
	Title:
	
	CATALYTIC DISTILLATION TECHNOLOGIES
		
	By	 	 
	Name:
	Title:
	
	LUMMUS TECHNOLOGY, INC.
		
	By	 	 
	Name:
	Title:
	
	CBI SERVICES, INC.
		
	By	 	 
	Name: Ronald A. Ballschmiede
	Title: Authorized Signatory
	
	WOODLANDS INTERNATIONAL INSURANCE COMPANY LIMITED
		
	By	 	 
	Name:
	Title:
	
	CBI HUNGARY HOLDING LIMITED LIABILITY COMPANY
		
	By	 	 
	Name:
	Title:


  
 H - 19









			
	LUMMUS NOVOLEN TECHNOLOGY GMBH.
		
	By	 	 
	Name:
	Title:
	
	CB&I LUMMUS GMBH
		
	By	 	 
	Name:
	Title:
	
	CB&I LUMMUS S.R.O.
		
	By	 	 
	Name:
	Title:
	
	CBI PERUANA S.A.C.
		
	By	 	 
	Name:
	Title:
	
	HORTON CBI LIMITED
		
	By	 	 
	Name:
	Title:
	
	CB&I (NIGERIA) LIMITED
		
	By	 	 
	Name:
	Title:
	
	CB&I SINGAPORE PTE LTD.
		
	By	 	 
	Name:
	Title:


  
 H - 20








 ANNEX I 
 FORM OF SUPPLEMENT TO SUBSIDIARY GUARANTY 

[            ] [        ],
20[        ] 
 Bank of America, N.A., as Administrative Agent 

[Address of Administrative Agent] 
 Attention:
[            ] 
 Ladies and Gentlemen: 

Reference is hereby made to the Guaranty (the “Guaranty”) made as of the 21st day of December, 2012 by CHICAGO BRIDGE & IRON COMPANY, a
Delaware corporation, CHICAGO BRIDGE & IRON COMPANY (DELAWARE), a Delaware corporation and the undersigned Subsidiaries (the “Initial Guarantors” and along with any additional Subsidiaries which become parties to such
Guaranty by executing a Supplement thereto in the form attached as Annex I, the “Guarantors”) in favor of the Administrative Agent under the Revolving Credit Agreement. Capitalized terms used herein and not defined herein shall have
the meanings given to them in the Guaranty. By its execution below, the undersigned [NAME OF NEW GUARANTOR], a [corporation] [partnership] [limited liability company] (the “New Guarantor”), agrees to become, and does hereby become,
a Guarantor under the Guaranty and agrees to be bound by such Guaranty as if originally a party thereto. By its execution below, the undersigned represents and warrants as to itself that all of the representations and warranties contained in
Section 2 of the Guaranty are true and correct in all respects as of the date hereof. [Notwithstanding any other provision herein or in the Guaranty to the contrary, the liability of the New Guarantor under the Guaranty shall not exceed
[the amount that may be guaranteed under applicable Requirements of Law (including without limitation the Uniform Fraudulent Conveyance Act and the Uniform Fraudulent Transfer Act) multiplied by the percentage of Guarantor’s outstanding Capital
Stock or interest in the profits owned, in each case, by the Company and its Subsidiaries.]20 
 IN WITNESS WHEREOF, [NAME OF NEW GUARANTOR], a [corporation] [partnership]
[limited liability company] has executed and delivered this Annex I counterpart to the Guaranty as of this             day of
            ,             . 
  

			
	[NAME OF NEW GUARANTOR]

		
	By:	 	 
	Title:	 	 

  

	20 	 To be included for Joint Ventures (See Section 7.2(k)(v) of Credit Agreement.) 



  
 H - 21

 Form of Subsidiary Guaranty 







 EXHIBIT I 

FORM OF REVOLVING LOAN NOTE 
 FOR VALUE RECEIVED, each of the undersigned (each, a “Borrower”), hereby promises to pay to             or registered assigns
(the “Lender”), in accordance with the provisions of the Agreement (as hereinafter defined), the aggregate principal amount of each Loan from time to time made by the Lender to any Borrower pursuant to that certain Revolving Credit
Agreement, dated as of December 21, 2012 (as amended, restated, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as
therein defined), among the Borrowers, the other Loan Parties party thereto, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent and Issuing Bank. 

The Borrower promises to pay interest on the unpaid principal amount of each Revolving Loan from the date of such Revolving Loan, as the
case may be, until such principal amount is paid in full, at such interest rates and at such times as provided in the Agreement. All payments of principal and interest shall be made to the Administrative Agent for the account of the Lender in
Dollars in immediately available funds at the Administrative Agent’s office. If any amount is not paid in full when due hereunder, such unpaid amount shall bear interest, to be paid upon demand, from the due date thereof until the date of
actual payment (and before as well as after judgment) computed at the per annum rate set forth in the Agreement. 
 This
Revolving Loan Note is one of the promissory notes referred to in the Agreement, is entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms and conditions provided therein. This Revolving Loan Note is also
entitled to the benefits of the Guaranty. Upon the occurrence and continuation of one or more of the Defaults specified in the Agreement, all amounts then remaining unpaid on this Revolving Loan Note shall become, or may be declared to be,
immediately due and payable all as provided in the Agreement. Loans made by the Lender shall be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course of business. The Lender may also attach schedules to
this Revolving Loan Note and endorse thereon the date, amount and maturity of its Loans and payments with respect thereto. 

Each Borrower, for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of protest,
demand, dishonor and non-payment of this Revolving Loan Note. 

  
 I - 1

 Form of Revolving Loan Note 







 THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK. 
  

			
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
		
	By:	 	 
	Name: Ronald A. Ballschmiede
	Title: Authorized Signatory
	
	CB&I INC.
		
	By:	 	 
	Name: Ronald A. Ballschmiede
	Title: Authorized Signatory
	
	CBI SERVICES, INC.
		
	By:	 	 
	Name: Ronald A. Ballschmiede
	Title: Authorized Signatory
	
	CHICAGO BRIDGE & IRON COMPANY B.V.
		
	By:	 	 
	Name: Ronald A. Ballschmiede
	Title: Authorized Signatory
	
	CHICAGO BRIDGE & IRON COMPANY
		
	By:	 	 
	Name: Ronald A. Ballschmiede
	Title: Authorized Signatory



  
 I - 2

 Form of Revolving Loan Note 







 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	Type of
Loan Made	  	Amount of
Loan Made	  	End of
Interest
Period	  	Amount of
Principal or
Interest
Paid This
Date	  	Outstanding
Principal
Balance
This Date	  	Notation
Made By


  
 I - 3

 Form of Revolving Loan Note 







 EXHIBIT J 

FORM OF ASSUMPTION LETTER 
 [DATE] 
 To each of the Lenders 
     parties to the Credit Agreement 
     (as defined
below) and to Bank of America, N.A., 
     as Administrative Agent for such Lenders 

Ladies and Gentlemen: 

Reference is made to that certain Revolving Credit Agreement dated as of December 21, 2012 (as amended, restated, amended and
restated, extended, supplemented or otherwise modified in writing from time to time, the “Revolving Credit Agreement”) by and among Chicago Bridge & Iron Company N.V., a corporation organized under the laws of the Kingdom
of the Netherlands, the Subsidiary Borrowers from time to time parties thereto, Lenders (as defined in the Revolving Credit Agreement), and Bank of America, N.A., as Administrative Agent for the Lenders (the “Administrative Agent”).
Terms defined in the Revolving 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 Revolving Credit Agreement, and accordingly hereby agrees that from the date hereof it shall become a “Subsidiary Borrower” under the Revolving 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 Revolving 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 Revolving 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 Section 6.18 of the Revolving 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 a “Subsidiary Borrower” and this Assumption Letter is the “Agreement” referenced therein, and (ii) it has heretofore received a true and correct copy of the Revolving
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 Revolving 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 Revolving 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 

  
 J - 1

 Form of Assumption Letter 







 
and all other obligations of the Subsidiary Borrower under this Agreement shall have been fully performed, the Subsidiary 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 GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK,
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:	 	 
	Name:	 	
	Title:	 	
	Address for Notices under the Credit Agreement:


 REAFFIRMATION 
 Each of the undersigned below hereby acknowledges receipt of a copy of the foregoing Assumption Letter in connection with the Credit Agreement referred to therein. Without in any way establishing a course
of dealing by the Administrative Agent or any Lender, each of the undersigned consents to the foregoing Assumption Letter, reaffirms the terms and conditions of the Guaranty and any other Loan Document executed by it and acknowledges and agrees that
each and every such Loan Document executed by the undersigned in connection with the Credit Agreement remains in full force and effect and is hereby reaffirmed, ratified and confirmed. All references to the Credit Agreement contained in the
above-referenced documents shall be a reference to the Credit Agreement as so modified by the Assumption Letter and as the same may from time to time hereafter be amended, modified or restated. 

 

			
	CHICAGO BRIDGE & IRON COMPANY a Delaware corporation
		
	By:	 	 
	Name:	 	Ronald A. Ballschmiede
	Title:	 	Authorized Signatory


  
 J - 2

 Form of Assumption Letter 








			
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
		
	By:	 	 
	Name:	 	
	Title:	 	

  

			
	CB&I TYLER COMPANY
		
	By:	 	 
	Name:	 	
	Title:	 	

  

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

  

			
	CHICAGO BRIDGE & IRON COMPANY, an Illinois corporation
		
	By	 	 
	Name:	 	Ronald A. Ballschmiede
	Title:	 	Authorized Signatory

  

			
	A&B BUILDERS, LTD.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	ASIA PACIFIC SUPPLY COMPANY
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CBI AMERICAS LTD.
		
	By	 	 
	Name:	 	
	Title:	 	


  
 J - 3

 Form of Assumption Letter 








			
	CSA TRADING COMPANY, LTD.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CB&I WOODLANDS L.L.C.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CBI COMPANY LTD.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CENTRAL TRADING COMPANY, LTD.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CONSTRUCTORS INTERNATIONAL, L.L.C.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	HBI HOLDINGS, L.L.C.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	HOWE-BAKER INTERNATIONAL, L.L.C.
		
	By	 	 
	Name:	 	
	Title:	 	


  
 J - 4

 Form of Assumption Letter 








			
	HOWE-BAKER ENGINEERS, LTD.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	HOWE-BAKER HOLDINGS, L.L.C.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	HOWE-BAKER MANAGEMENT, L.L.C.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	HOWE-BAKER INTERNATIONAL MANAGEMENT L.L.C.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	MATRIX ENGINEERING, LTD.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	MATRIX MANAGEMENT SERVICES, L.L.C.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	OCEANIC CONTRACTORS, INC.
		
	By	 	 
	Name:	 	
	Title:	 	


  
 J - 5

 Form of Assumption Letter 








			
	CBI VENEZOLANA, S.A.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CBI MONTAJES DE CHILE LIMITADA
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CBI CONSTRUCCIONES S.A.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CB&I (EUROPE) B.V.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CBI EASTERN ANSTALT
		
	By	 	 
	Name:	 	Ronald A. Ballschmiede
	Title:	 	Authorized Signatory

  

			
	CBI LUXEMBOURG S.a.r.L.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CMP HOLDINGS B.V.
		
	By	 	 
	Name:	 	
	Title:	 	


  
 J - 6

 Form of Assumption Letter 







 Executed by CBI Constructors Pty 
 Ltd ACN 000 612 411 in accordance 
 with section 127 of the Corporations 

Act 2001: 
  

							
	 	 		 		  	 
	Director/company secretary	 		 		  	Director
				
	 	 		 		  	 
	 Name of director/company secretary
 (BLOCK LETTERS)
	 		 		  	 Name of director
 (BLOCK
LETTERS)


  

			
	CBI ENGINEERING AND CONSTRUCTION CONSULTANT (SHANGHAI) CO. LTD.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CBI (PHILIPPINES), INC.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CBI OVERSEAS, LLC
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CBI CONSTRUCTORS (PNG) PTY. LIMITED
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CBI CONSTRUCTORS LIMITED
		
	By	 	 
	Name:	 	
	Title:	 	


  
 J - 7

 Form of Assumption Letter 








			
	CBI HOLDINGS (U.K.) LIMITED
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CB&I UK LIMITED
		
	By	 	 
	Name:	 	Ronald A. Ballschmiede
	Title:	 	Authorized Signatory

  

			
	CB&I LUMMUS CREST LTD.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CB&I MALTA LIMITED
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	LUTECH RESOURCES LIMITED
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	NETHERLANDS OPERATING COMPANY B.V.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CB&I NETHERLAND B.V.
		
	By	 	 
	Name:	 	
	Title:	 	


  
 J - 8

 Form of Assumption Letter 








			
	ARABIAN GULF MATERIAL SUPPLY COMPANY, LTD.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	PACIFIC RIM MATERIAL SUPPLY COMPANY, LTD.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	SOUTHERN TROPIC MATERIAL SUPPLY COMPANY, LTD.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CHICAGO BRIDGE & IRON (ANTILLES) N.V.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	LUMMUS TECHNOLOGY HEAT TRANSFER B.V.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	LEALAND FINANCE COMPANY B.V.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CB&I FINANCE COMPANY LIMITED
		
	By	 	 
	Name:	 	
	Title:	 	


  
 J - 9

 Form of Assumption Letter 








			
	CB&I OIL & GAS EUROPE B.V.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	CBI COLOMBIANA S.A.
		
	By	 	 
	Name:	 	Ronald A. Ballschmiede
	Title:	 	Authorized Signatory

  

			
	CHICAGO BRIGE & IRON COMPANY B.V.
		
	By	 	 
	Name:	 	Ronald A. Ballschmiede
	Title:	 	Director

  

			
	LUMMUS INTERNATIONAL CORPORATION
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	HUA LU ENGINEERING CO., LTD.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	LUMMUS CATALYST COMPANY LTD.
		
	By	 	 
	Name:	 	
	Title:	 	

  

			
	LUMMUS OVERSEAS CORPORATION
		
	By	 	 
	Name:	 	
	Title:	 	


  
 J - 10

 Form of Assumption Letter 








			
	CATALYTIC DISTILLATION TECHNOLOGIES
		
	By	 	 
	Name:	 	
	Title:	 	
	
	LUMMUS TECHNOLOGY, INC.
		
	By	 	 
	Name:	 	
	Title:	 	
	
	CBI SERVICES, INC.
		
	By	 	 
	Name: Ronald A. Ballschmiede
	Title: Authorized Signatory
	
	WOODLANDS INTERNATIONAL INSURANCE COMPANY LIMITED
		
	By	 	 
	Name:	 	
	Title:	 	
	
	CBI HUNGARY HOLDING LIMITED LIABILITY COMPANY
		
	By	 	 
	Name:	 	
	Title:	 	
	
	LUMMUS NOVOLEN TECHNOLOGY GMBH.
		
	By	 	 
	Name:	 	
	Title:	 	
	
	CB&I LUMMUS GMBH
		
	By	 	 
	Name:	 	
	Title:	 	


  
 J - 11

 Form of Assumption Letter 








			
	CB&I LUMMUS S.R.O.
		
	By	 	 
	Name:	 	
	Title:	 	
	
	CBI PERUANA S.A.C.
		
	By	 	 
	Name:	 	
	Title:	 	
	
	HORTON CBI LIMITED
		
	By	 	 
	Name:
	Title:
	
	CB&I (NIGERIA) LIMITED
		
	By	 	 
	Name:	 	
	Title:	 	
	
	CB&I SINGAPORE PTE LTD.
		
	By	 	 
	Name:	 	
	Title:	 	


  
 J - 12

 Form of Assumption Letter 







 EXHIBIT L 

FORM OF COMMITMENT AND ACCEPTANCE 
 COMMITMENT AND ACCEPTANCE, dated as of [                    ,
20        ] (this “Agreement”), by and among [ADDITIONAL COMMITMENT LENDERS] (each, an “Additional Commitment Lender” and, collectively, the “Additional Commitment
Lenders”), the Loan Parties party hereto, and Bank of America, N.A., as Administrative Agent. 
 RECITALS:

 WHEREAS, reference is hereby made to the Revolving Credit Agreement, dated as of December 21, 2012 (as
amended, restated, amended and restated, supplemented or otherwise modified, refinanced or replaced from time to time, the “Revolving Credit Agreement”), among Chicago Bridge & Iron Company N.V., Chicago Bridge &
Iron Company (Delaware), the other Loan Parties from time to time party thereto, the Lenders party thereto, Bank of America, N.A., as Administrative Agent (capitalized terms used but not defined herein having the meaning provided in the Revolving
Credit Agreement); and 
 WHEREAS, subject to the terms and conditions of the Revolving Credit Agreement, the Borrowers
may increase the Commitments by, among other things, entering into one or more Commitments and Acceptances with Additional Commitment Lenders, as applicable; 
 NOW, THEREFORE, in consideration of the premises and agreements, provisions and covenants herein contained, the parties hereto agree as follows: 

Each Additional Commitment Lender party hereto hereby agrees to commit to provide its additional Commitment established hereby, as set
forth on Schedule A annexed hereto (the “Additional Commitment”), on the terms and subject to the conditions set forth below. 
 Each Additional Commitment Lender (i) represents and warrants that (1) it has full power and authority, and has taken all action necessary, to execute and deliver this Commitment and Acceptance
and to consummate the transactions contemplated hereby and to become an Additional Commitment Lender under the Revolving Credit Agreement, (2) it is sophisticated with respect to decisions to provide Commitments of the type represented by the
Additional Commitment and either it, or the Person exercising discretion in making its decision to provide the Additional Commitment, is experienced in providing Commitments of such type, (3) it has received a copy of the Revolving Credit
Agreement and the other Loan Documents and the exhibits thereto, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision
to enter into this Agreement and (4) it has, independently and without reliance upon the Administrative Agent, any other Additional Commitment Lender or any other Lender or agent and based on such documents and information as it has deemed
appropriate, made its own credit analysis and decision to enter into this Agreement; (ii) appoints and authorizes the 

  
 L - 1

 Form of Commitment and Acceptance 







 
Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Revolving 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; and (iii) agrees that it will perform in accordance with their terms all of the obligations which by the terms of the Revolving Credit
Agreement are required to be performed by it as a Lender providing the Additional Commitment. 
 Each
Additional Commitment Lender hereby agrees to make its respective Commitment on the following terms and
conditions:21 

 

	1.	Other Fees. Borrowers agree to pay each Additional Commitment Lender its pro rata share (determined based upon each Additional Commitment Lender’s Additional
Commitment) of an aggregate fee equal to [                    ] on
[                    ,         ]. 


 

	2.	 [Additional Commitment Lenders. Each Additional Commitment Lender acknowledges and agrees that upon its execution of this Agreement, such Additional
Commitment Lender shall become a “Lender” under, and for all purposes of, the Revolving Credit Agreement and the other Loan Documents, and shall be subject to and bound by the terms thereof, and shall perform all the obligations of and
shall have all rights of a Lender thereunder.]22



  

	3.	Credit Agreement Governs. Except as set forth in this Agreement, the Additional Commitment and each Additional Commitment Lender’s Commitment shall otherwise be
subject to the provisions of the Revolving Credit Agreement and the other Loan Documents. 

  

	4.	Borrower’s Certifications. By its execution of this Agreement, each of the Borrowers hereby certifies that: 


 

	 	(a)	no Default or Unmatured Default exists on the date hereof before or after giving effect to the Additional Commitment contemplated hereby; and 


 

	 	(b)	all of the representations and warranties contained in Article VI of the Revolving Credit Agreement are true and correct in all material respects as of the
date hereof (unless such representation and warranty is made as of a specific date, in which case, such representation and warranty shall be true and correct in all material respects as of such date, except that for purposes of
Section 5.3 of the Revolving Credit Agreement, the representations and warranties contained in Sections 6.4(b) and (c) of the Revolving Credit Agreement shall be deemed to refer to the most recent statements furnished
pursuant to Sections 7.1(a)(ii) and (i) of the Revolving Credit 

  

	21	 Insert completed
items as applicable, with such modifications as may be agreed to by the parties hereto to the extent consistent with the Revolving Credit Agreement. 


  

	22 	 Insert bracketed language if the lending institution is not already a Lender.




  
 L - 2

 Form of Commitment and Acceptance 








	 	
Agreement, respectively) except for changes in the Schedules to the Revolving Credit Agreement reflecting transactions permitted by or not in violation of the Revolving Credit Agreement.


  

	5.	Notice. For purposes of the Revolving Credit Agreement, the initial notice address of each Additional Commitment Lender shall be as set forth below its signature
below. 

  

	6.	Tax Forms. For each relevant Additional Commitment Lender, delivered herewith to the Administrative Agent are such forms, certificates or other evidence with
respect to United States federal income tax withholding matters as such Additional Commitment Lender may be required to deliver to the Administrative Agent pursuant to Section 2.14(e) of the Revolving Credit Agreement. 


 

	7.	Recordation of the Commitment Increase. Upon execution and delivery hereof, the Administrative Agent will record the Commitment of each Additional Commitment
Lender established hereby in the Register. 

  

	8.	Guaranty. Each Guarantor hereby confirms and agrees that notwithstanding the effectiveness of this Agreement, the Guaranty to which it is a party and any and all
of its payment and performance obligations, contingent or otherwise, under each of the Loan Documents to which it is a party, are and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects.


  

	9.	Amendment, Modification and Waiver. This Agreement may not be amended, modified or waived except by an instrument or instruments in writing signed and delivered
on behalf of each of the parties hereto. 

  

	10.	Entire Agreement. This Agreement, the Revolving Credit Agreement and the other Loan Documents constitute the entire agreement among the parties with respect to
the subject matter hereof and thereof and supersede all other prior agreements and understandings, both written and verbal, among the parties or any of them with respect to the subject matter hereof. 


 

	11.	GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 


 

	12.	Severability. Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the
extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement in any
other jurisdiction. If any provision of this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as would be enforceable. 


  
 L - 3

 Form of Commitment and Acceptance 








	13.	Counterparts. This Agreement may be executed in counterparts (including by facsimile or other electronic transmission), each of which shall be deemed to be an
original, but all of which shall constitute one and the same agreement. 


  
 L - 4

 Form of Commitment and Acceptance 







 IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to
execute and deliver this Commitment and Acceptance as of the date first set forth above. 
  

			
	[NAME OF ADDITIONAL COMMITMENT LENDER]
		
	By:	 	 
		 	Name:
		 	Title:
	
	Notice Address:
	Attention:
	Telephone:
	Facsimile:
	
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE), for itself and as agent for the other Borrowers
		
	By:	 	 
		 	Name:
		 	Title:
	
	CHICAGO BRIDGE & IRON COMPANY N.V.
		
	By:	 	CHICAGO BRIDGE & IRON COMPANY B.V.
	Its:	 	Managing Director
		
	By:	 	 
		 	Name:
		 	Title:
	
	[OTHER LOAN PARTIES]



  
 L - 5

 Form of Commitment and Acceptance 







 
			
	Consented to by:
	
	BANK OF AMERICA, N.A., as Administrative Agent
		
	By:	 	 
		 	Name:
		 	Title:



  
 L - 6

 Form of Commitment and Acceptance 







 SCHEDULE A 
 TO COMMITMENT AND ACCEPTANCE 
  

					
	 Name of Additional Commitment

Lender
	  	 Amount
	  	 
	
[                      
          ]
	  	$                    	  	
	
[                      
          ]
	  	$                    	  	
		  	Total:
$                              	  	


  
 L - 7

 Form of Commitment and Acceptance 







 SCHEDULE 1.1.1 

PERMITTED EXISTING INDEBTEDNESS 

Section (a) - Borrowed Money 
  

									
	 	  	 Company
	  	Party	  	Amount
(in $000s)	 
		  	 Chicago Bridge & Iron Company
	  	Term Loan	  	$	40,000	  
			
	 Section (b) - Deferred Purchase Price
	  		  	$	     —  	  
			
	 Section (c) - Lien Obligations
	  		  	$	—  	  
			
	 Section (d) - Notes
	  		  	$	—  	  
			
	 Section (e) - Capitalized Leases
	  		  	$	719	1 
			
	 Section (f) - Contingent Obligations
	  		  	 	Refer to Schedule 1.1.4	  
			
	 Section (g) - Letters of Credit
	  		  	 	Refer to Schedule 1.1.4	  
			
	 Section (h) - Off-Balance Sheet Liabilities
	  		  			
				
		  	Sale and Leaseback of Plainfield Facility	  		  	$	28,062	  
			
	 Section (i) - Disqualified Stock
	  		  	$	—  	  

  

	1 	 Related to Shaw Capital Leases 



  
 CB&I 

SCHEDULES TO REVOLVING CREDIT AGREEMENT 







 SCHEDULE 1.1.2 

PERMITTED EXISTING INVESTMENTS 

The Company has investments in the following list of entities: 
 Arabian CBI Ltd. 
 Arabian CBI Tank Manufacturing Company Limited 

CBI (Malaysia)Sdn. Bhd. 
 Chicago Bridge & Iron Company (Egypt) LLC 
 Horton CBI, Limited

 CBI (Philippines) Inc. 
 CBI (Thailand) Limited 
 Chicago Bridge & Iron Company LLC 

Catalytic Distillation Tech (CDTECH) 
 CBI Clough JV Pte. Ltd 
 Chevron Lummus Global (CLG) 

  
 CB&I 

SCHEDULES TO REVOLVING CREDIT AGREEMENT 







 SCHEDULE 1.1.3 

PERMITTED EXISTING LIENS 
 None. 

  
 CB&I 

SCHEDULES TO REVOLVING CREDIT AGREEMENT 







 SCHEDULE 1.1.4 

PERMITTED EXISTING CONTINGENT OBLIGATIONS 

See attached. 

  
 CB&I 

SCHEDULES TO REVOLVING CREDIT AGREEMENT 







 Schedule -Permitted Existing Contingent Obligations 

Consolidated Letters of Credit & Bank Guarantees 
 as of September 30, 2012 
  

									
	 GUARANTEE NUMBER
	  	 ISSUING BANK
	  	PURPOSE	  	AMOUNT IN USD
(000’s)	 
	 9701
	  	 Abu Dhabi International Bank Inc.
	  	Performance	  	 	7,295.2	  
	 9963
	  	 Abu Dhabi International Bank Inc.
	  	Performance	  	 	1,003.8	  
	 10000
	  	 Abu Dhabi International Bank Inc.
	  	Performance	  	 	52,680.4	  
	 10111
	  	 Abu Dhabi International Bank Inc.
	  	Performance	  	 	464.5	  
	 SO6649/8200
	  	 Australian And New Zealand Banking Group Limited
	  	Performance	  	 	9,319.5	  
	 SO6650/8200
	  	 Australian And New Zealand Banking Group Limited
	  	Performance	  	 	13,554.4	  
	 SO6651/8200
	  	 Australian And New Zealand Banking Group Limited
	  	Performance	  	 	13,979.3	  
	 SO6652/8200
	  	 Australian And New Zealand Banking Group Limited
	  	Performance	  	 	9,036.3	  
	 SO6821/8200
	  	 Australian And New Zealand Banking Group Limited
	  	Performance	  	 	765.8	  
	 SO6822/8200
	  	 Australian And New Zealand Banking Group Limited
	  	Performance	  	 	1,148.8	  
	 SO6823/8200
	  	 Australian And New Zealand Banking Group Limited
	  	Performance	  	 	497.8	  
	 SO6824/8200
	  	 Australian And New Zealand Banking Group Limited
	  	Performance	  	 	746.6	  
	 SO8525/8200
	  	 Australian And New Zealand Banking Group Limited
	  	Performance	  	 	365.7	  
	 SBLC2705795NY
	  	 Banco Bilbao Vizcaya Argentaria S.A.
	  	Performance	  	 	7,180.1	  
	 SBLC2705801NY
	  	 Banco Bilbao Vizcaya Argentaria S.A.
	  	Performance	  	 	17,225.0	  
	 3083786
	  	 Bank of America N.A.
	  	Performance	  	 	42,244.3	  
	 3083788
	  	 Bank of America N.A.
	  	Performance	  	 	18,644.2	  
	 3086807
	  	 Bank of America N.A.
	  	Performance	  	 	1,768.5	  
	 3086808
	  	 Bank of America N.A.
	  	Performance	  	 	3,568.4	  
	 3098867
	  	 Bank of America N.A.
	  	Performance	  	 	2,487.5	  
	 3126057
	  	 Bank of America N.A.
	  	Performance	  	 	39.0	  
	 3126058
	  	 Bank of America N.A.
	  	Performance	  	 	290.0	  
	 BMTO299428OS
	  	 Bank of Montreal TFO
	  	Performance	  	 	50,830.0	  
	 IGB1201413
	  	 BNP Paribas S.A.
	  	Performance	  	 	671.3	  
	 IGB1201584
	  	 BNP Paribas S.A.
	  	Performance	  	 	2,625.0	  
	 IGB1201586
	  	 BNP Paribas S.A.
	  	Performance	  	 	1,165.0	  
	 IGB1202259
	  	 BNP Paribas S.A.
	  	Performance	  	 	10.0	  
	 IGB1202471
	  	 BNP Paribas S.A.
	  	Performance	  	 	291.0	  
	 IGB1202472
	  	 BNP Paribas S.A.
	  	Performance	  	 	532.3	  
	 IGB1202474
	  	 BNP Paribas S.A.
	  	Performance	  	 	519.2	  
	 IGB1203158
	  	 BNP Paribas S.A.
	  	Performance	  	 	1,974.1	  
	 4104598
	  	 BNP Paribas USA
	  	Performance	  	 	175.4	  
	 4105543
	  	 BNP Paribas USA
	  	Performance	  	 	4,868.1	  
	 4105546
	  	 BNP Paribas USA
	  	Performance	  	 	20,431.4	  
	 4112089
	  	 BNP Paribas USA
	  	Performance	  	 	606.0	  
	 4115660
	  	 BNP Paribas USA
	  	Performance	  	 	380.0	  
	 4116048
	  	 BNP Paribas USA
	  	Performance	  	 	665.0	  
	 91902181
	  	 BNP Paribas USA
	  	Performance	  	 	878.3	  
	 91903105
	  	 BNP Paribas USA
	  	Performance	  	 	385.1	  
	 91909337
	  	 BNP Paribas USA
	  	Performance	  	 	252.5	  
	 91910522
	  	 BNP Paribas USA
	  	Performance	  	 	74,026.8	  
	 91912121
	  	 BNP Paribas USA
	  	Performance	  	 	563.3	  
	 91913099
	  	 BNP Paribas USA
	  	Performance	  	 	45.0	  
	 91916631
	  	 BNP Paribas USA
	  	Performance	  	 	438.5	  
	 5870007964
	  	 Citibank N.A.
	  	Performance	  	 	6.8	  








									
	 GUARANTEE NUMBER
	  	 ISSUING BANK
	  	PURPOSE	  	AMOUNT IN USD
(000’s)	 
	 5870007966
	  	 Citibank N.A.
	  	Performance	  	 	13.6	  
	 5870007967
	  	 Citibank N.A.
	  	Performance	  	 	13.6	  
	 5870007969
	  	 Citibank N.A.
	  	Performance	  	 	5.4	  
	 5870007970
	  	 Citibank N.A.
	  	Performance	  	 	8.2	  
	 5870007971
	  	 Citibank N.A.
	  	Performance	  	 	13.6	  
	 FRWAV70093380201
	  	 Commerzbank AG
	  	Performance	  	 	7,720.3	  
	 FRWAV70093400201
	  	 Commerzbank AG
	  	Performance	  	 	3,971.3	  
	 FRWAV70205850201
	  	 Commerzbank AG
	  	Performance	  	 	3,540.0	  
	 FRWAV70242660201
	  	 Commerzbank AG
	  	Performance	  	 	75.3	  
	 FRWAV70242670201
	  	 Commerzbank AG
	  	Performance	  	 	606.0	  
	 S31445T
	  	 Compass Bank N.A.
	  	Performance	  	 	6,868.2	  
	 19637008
	  	 Credit Agricole CIB
	  	Performance	  	 	120,000.0	  
	 110437039
	  	 Credit Agricole CIB
	  	Performance	  	 	119.3	  
	 119637024
	  	 Credit Agricole CIB
	  	Performance	  	 	30,406.8	  
	 715837053
	  	 Credit Agricole CIB
	  	Performance	  	 	98.4	  
	 715837055
	  	 Credit Agricole CIB
	  	Performance	  	 	376.9	  
	 715837056
	  	 Credit Agricole CIB
	  	Performance	  	 	524.7	  
	 504BGA0800716
	  	 Deutsche Bank AG
	  	Performance	  	 	92.1	  
	 504BGA0800732
	  	 Deutsche Bank AG
	  	Performance	  	 	3,875.8	  
	 504BGA0800734
	  	 Deutsche Bank AG
	  	Performance	  	 	1,937.9	  
	 504BGA0801187
	  	 Deutsche Bank AG
	  	Performance	  	 	7,288.4	  
	 504BGA1002725
	  	 Deutsche Bank AG
	  	Performance	  	 	25.4	  
	 504BGA1103201
	  	 Deutsche Bank AG
	  	Performance	  	 	959.7	  
	 504BGA1103290
	  	 Deutsche Bank AG
	  	Performance	  	 	48.6	  
	 504BGA1103541
	  	 Deutsche Bank AG
	  	Performance	  	 	242.6	  
	 504BGA1103683
	  	 Deutsche Bank AG
	  	Performance	  	 	457.8	  
	 504BGA1103905
	  	 Deutsche Bank AG
	  	Performance	  	 	462.9	  
	 504BGA1204563
	  	 Deutsche Bank AG
	  	Performance	  	 	6,336.8	  
	 ENBDOG10006186
	  	 Emirates NBD Bank (PJSC)
	  	Performance	  	 	2,725.4	  
	 ENBDOG10006190
	  	 Emirates NBD Bank (PJSC)
	  	Performance	  	 	2,725.4	  
	 FNGPTH110073
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	210.1	  
	 FNGPTH116948
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	158.3	  
	 FNGPTH116952
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	44.1	  
	 FNGPTH116964
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	393.8	  
	 FNGPTH116965
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	393.8	  
	 FNGPTH116967
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	36.6	  
	 FNGPTH116969
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	448.9	  
	 FNGPTH116970
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	754.6	  
	 FNGPTH116972
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	472.5	  
	 FNGPTH116973
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	580.5	  
	 FNGPTH116974
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	754.6	  
	 FNGPTH121680
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	1,629.4	  
	 PEBPTH110077
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	142.1	  
	 PEBPTH116959
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	46.5	  
	 PEBPTH116962
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	27.1	  
	 PEBPTH116968
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	2,506.3	  
	 PEBPTH116975
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	67,457.0	  
	 PEBPTH121776
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	172.5	  








									
	 GUARANTEE NUMBER
	  	 ISSUING BANK
	  	PURPOSE	  	AMOUNT IN USD
(000’s)	 
	 PEBPTH121878
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	190.5	  
	 PEBPTH122391
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	167.1	  
	 PEBPTH122392
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	167.1	  
	 PEBPTH122642
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	21.3	  
	 PEBPTH122644
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	21.3	  
	 PEBPTH122645
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	347.9	  
	 PEBPTH122646
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	347.9	  
	 REBPTH121346
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	138.4	  
	 REBPTH121893
	  	 HSBC Bank Australia Limited
	  	Performance	  	 	5,189.0	  
	 APGDUB016757
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	1,206.0	  
	 APGDUB768867
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	165.0	  
	 APGDUB768896
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	1,374.0	  
	 APGDUB782965
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	824.8	  
	 FNGDUB768883
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	141.4	  
	 FNGDUB768892
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	2,200.0	  
	 FNGDUB768895-A
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	100.0	  
	 PEBDEI783690
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	125.0	  
	 PEBDUB768865
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	911.5	  
	 PEBDUB768869
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	212.5	  
	 PEBDUB768870
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	39.3	  
	 PEBDUB768874
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	2,469.2	  
	 PEBDUB768876
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	1,670.3	  
	 PEBDUB768877
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	1,967.8	  
	 PEBDUB768878
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	88.1	  
	 PEBDUB768880
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	82.5	  
	 PEBDUB768881
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	1,700.0	  
	 PEBDUB768882
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	459.7	  
	 PEBDUB768884
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	15.0	  
	 PEBDUB768897
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	1,374.0	  
	 PEBDUB782971
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	824.8	  
	 PEBDUB910091
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	2,680.0	  
	 TEBDUB015707
	  	 HSBC Bank Middle East Limited
	  	Performance	  	 	12.8	  
	 DTNLEM501110
	  	 ING Bank N.V.
	  	Performance	  	 	1,945.4	  
	 DTNLEM501111
	  	 ING Bank N.V.
	  	Performance	  	 	1,620.0	  
	 DTNLES505938
	  	 ING Bank N.V.
	  	Performance	  	 	1,800.0	  
	 DTNLES506187
	  	 ING Bank N.V.
	  	Performance	  	 	900.0	  
	 DTNLFS600708
	  	 ING Bank N.V.
	  	Performance	  	 	234.0	  
	 DTNLFS600718
	  	 ING Bank N.V.
	  	Performance	  	 	716.0	  
	 DTNLFS600719
	  	 ING Bank N.V.
	  	Performance	  	 	716.0	  
	 DTNLFS600720
	  	 ING Bank N.V.
	  	Performance	  	 	284.0	  
	 DTNLFS600721
	  	 ING Bank N.V.
	  	Performance	  	 	284.0	  
	 K624109
	  	 ING Bank N.V.
	  	Performance	  	 	1,795.0	  
	 K624114
	  	 ING Bank N.V.
	  	Performance	  	 	1,673.0	  
	 K624895
	  	 ING Bank N.V.
	  	Performance	  	 	308.6	  
	 K625339
	  	 ING Bank N.V.
	  	Performance	  	 	1,425.9	  
	 K628888
	  	 ING Bank N.V.
	  	Performance	  	 	14,300.0	  
	 K628889
	  	 ING Bank N.V.
	  	Performance	  	 	3,900.0	  
	 K630057
	  	 ING Bank N.V.
	  	Performance	  	 	794.2	  








									
	 GUARANTEE NUMBER
	  	 ISSUING BANK
	  	PURPOSE	  	AMOUNT IN USD
(000’s)	 
	 K644872
	  	 ING Bank N.V.
	  	Performance	  	 	319.9	  
	 K645064
	  	 ING Bank N.V.
	  	Performance	  	 	202.1	  
	 123236-793
	  	 Intesa Sanpaolo-New York
	  	Performance	  	 	369.7	  
	 CPCS-338560
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	9,804.2	  
	 CPCS-405086
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	1,830.1	  
	 CPCS-405088
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	1,095.0	  
	 CPCS-405089
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	644.0	  
	 CPCS-406023
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	320.3	  
	 CPCS-406366
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	61.0	  
	 CPCS-422601
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	1,570.4	  
	 CPCS-422602
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	1,017.7	  
	 CPCS-422603
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	119.1	  
	 CPCS-422604
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	9,425.3	  
	 CPCS-422605
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	1,609.9	  
	 CPCS-422609
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	907.2	  
	 CPCS-423110
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	1,311.3	  
	 CPCS-482039(A)
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	14,049.0	  
	 CPCS-482803
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	255.0	  
	 CPCS-482876
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	104.0	  
	 CPCS-483056
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	430.9	  
	 CPCS-483201
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	155.0	  
	 CPCS-483590
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	534.9	  
	 CPCS-483591
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	2,167.9	  
	 CPCS-522874
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	7,297.5	  
	 CPCS-523046
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	30.0	  
	 CPCS-523543
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	119.0	  
	 CPCS-524598
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	91.0	  
	 CPCS-537709
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	383.6	  
	 CPCS-537710
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	757.5	  
	 032LGAP123150811
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	10,950.0	  
	 032LGAP123151273
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	1,866.6	  
	 032LGBB123151522
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	136.2	  
	 032LGBB123151695
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	25.0	  
	 032LGLB123154287
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	4.9	  
	 032LGLB123154353
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	5.7	  
	 032LGLB123154357
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	13.9	  
	 032LGLB123154371
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123154372
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	27.2	  
	 032LGLB123154444
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	3.3	  
	 032LGLB123154483
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	4.9	  
	 032LGLB123154519
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	81.7	  
	 032LGLB123154573
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	3.3	  
	 032LGLB123154587
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	36.8	  
	 032LGLB123154776
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	6.5	  
	 032LGLB123154791
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	4.1	  
	 032LGLB123154934
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	81.7	  
	 032LGLB123154940
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	5.7	  
	 032LGLB123154984
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	81.7	  








									
	 GUARANTEE NUMBER
	  	 ISSUING BANK
	  	PURPOSE	  	AMOUNT IN USD
(000’s)	 
	 032LGLB123155012
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	13.6	  
	 032LGLB123155015
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	7.4	  
	 032LGLB123155069
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	3.3	  
	 032LGLB123155080
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	8.2	  
	 032LGLB123155091
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	81.7	  
	 032LGLB123155164
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123155165
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	5.7	  
	 032LGLB123155195
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123155251
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	7.4	  
	 032LGLB123155260
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	22.1	  
	 032LGLB123155266
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	1.6	  
	 032LGLB123155327
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123155376
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	40.8	  
	 032LGLB123155488
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123155518
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123155532
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	40.8	  
	 032LGLB123155559
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	40.8	  
	 032LGLB123155615
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123155633
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123155646
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123155661
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	40.8	  
	 032LGLB123155678
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	9.0	  
	 032LGLB123155806
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	61.3	  
	 032LGLB123155835
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	40.8	  
	 032LGLB123155932
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123155945
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123155971
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123155984
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	43.3	  
	 032LGLB123155986
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	40.8	  
	 032LGLB123156096
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	24.5	  
	 032LGLB123156114
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	1.6	  
	 032LGLB123156118
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123156377
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	2.5	  
	 032LGLB123156690
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123156713
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	2.5	  
	 032LGLB123156808
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123156838
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123156912
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123156961
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123156979
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	1.6	  
	 032LGLB123157056
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	17.2	  
	 032LGLB123157121
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	4.9	  
	 032LGLB123157177
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	11.4	  
	 032LGLB123157220
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	2.5	  
	 032LGLB123157252
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123157293
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	23.7	  
	 032LGLB123157301
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	2.5	  
	 032LGLB123157313
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	6.5	  








									
	 GUARANTEE NUMBER
	  	 ISSUING BANK
	  	PURPOSE	  	AMOUNT IN USD
(000’s)	 
	 032LGLB123157325
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	4.1	  
	 032LGLB123157345
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123157402
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	4.1	  
	 032LGLB123157446
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	7.4	  
	 032LGLB123157447
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123157456
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	1.6	  
	 032LGLB123157465
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	13.9	  
	 032LGLB123157510
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123157603
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123157624
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	2.5	  
	 032LGLB123157686
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	1.6	  
	 032LGLB123157722
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	4.9	  
	 032LGLB123157736
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123157737
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	7.4	  
	 032LGLB123157742
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	1.6	  
	 032LGLB123157777
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	12.3	  
	 032LGLB123157785
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123157789
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	2.5	  
	 032LGLB123157845
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123157847
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123157902
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	4.9	  
	 032LGLB123157968
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	8.2	  
	 032LGLB123158002
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	13.6	  
	 032LGLB123158014
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	20.4	  
	 032LGLB123158151
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123158196
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	1.6	  
	 032LGLB123158199
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123158210
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123158217
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123158243
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGLB123158277
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	6.5	  
	 032LGLB123158379
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	1.6	  
	 032LGLB123158380
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	25.3	  
	 032LGLB123158394
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	0.8	  
	 032LGPB123154569
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	2,315.3	  
	 032LGPB123155405
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	8,151.4	  
	 032LGPB123155504
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	3,436.8	  
	 032LGPB123155551
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	4,100.0	  
	 032LGPB123155632
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	6,230.9	  
	 032LGTL123150205
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	13.6	  
	 032LGTL123150221
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	13.6	  
	 032LGTL123150238
	  	 Mashreq Bank P.S.C.
	  	Performance	  	 	13.6	  
	 10847 AA 00022
	  	 N.V. Nationale Borg-Maatschappij
	  	Performance	  	 	64.3	  
	 S730710
	  	 National Bank Of Kuwait S.A.K.
	  	Performance	  	 	1,081.0	  
	 S730711
	  	 National Bank Of Kuwait S.A.K.
	  	Performance	  	 	1,081.0	  
	 S730850
	  	 National Bank Of Kuwait S.A.K.
	  	Performance	  	 	89.0	  
	 G976
	  	 Qatar National Bank SAQ
	  	Performance	  	 	350.6	  
	 G977
	  	 Qatar National Bank SAQ
	  	Performance	  	 	3,575.0	  








									
	 GUARANTEE NUMBER
	  	 ISSUING BANK
	  	PURPOSE	  	AMOUNT IN USD
(000’s)	 
	 HOU/S/06623
	  	 Riyad Bank, Houston Agency
	  	Performance	  	 	170.0	  
	 HOU/S/06679
	  	 Riyad Bank, Houston Agency
	  	Performance	  	 	860.0	  
	 HOU/S/06757
	  	 Riyad Bank, Houston Agency
	  	Performance	  	 	2,469.3	  
	 HOU/S/06759
	  	 Riyad Bank, Houston Agency
	  	Performance	  	 	3,530.7	  
	 HOU/S/07015
	  	 Riyad Bank, Houston Agency
	  	Performance	  	 	212.0	  
	 HOU/S/07042
	  	 Riyad Bank, Houston Agency
	  	Performance	  	 	956.1	  
	 3000364474
	  	 SAMBA Financial Group
	  	Performance	  	 	14.5	  
	 3000392389
	  	 SAMBA Financial Group
	  	Performance	  	 	27.7	  
	 3000392391
	  	 SAMBA Financial Group
	  	Performance	  	 	1,409.4	  
	 3000392409
	  	 SAMBA Financial Group
	  	Performance	  	 	770.2	  
	 3000392410
	  	 SAMBA Financial Group
	  	Performance	  	 	1,542.7	  
	 3000392411
	  	 SAMBA Financial Group
	  	Performance	  	 	1,542.7	  
	 3000392592
	  	 SAMBA Financial Group
	  	Performance	  	 	1,409.4	  
	 3000393358
	  	 SAMBA Financial Group
	  	Performance	  	 	1,746.9	  
	 3000393366
	  	 SAMBA Financial Group
	  	Performance	  	 	873.4	  
	 3000394009
	  	 SAMBA Financial Group
	  	Performance	  	 	2,398.5	  
	 3000394032
	  	 SAMBA Financial Group
	  	Performance	  	 	2,665.0	  
	 3000394383
	  	 SAMBA Financial Group
	  	Performance	  	 	166.4	  
	 3000394387
	  	 SAMBA Financial Group
	  	Performance	  	 	230.4	  
	 3000394388
	  	 SAMBA Financial Group
	  	Performance	  	 	568.1	  
	 3000394408
	  	 SAMBA Financial Group
	  	Performance	  	 	2,931.5	  
	 3000395049
	  	 SAMBA Financial Group
	  	Performance	  	 	381.6	  
	 3000395070
	  	 SAMBA Financial Group
	  	Performance	  	 	316.0	  
	 3000395308
	  	 SAMBA Financial Group
	  	Performance	  	 	322.0	  
	 3000395311
	  	 SAMBA Financial Group
	  	Performance	  	 	763.2	  
	 3000395413
	  	 SAMBA Financial Group
	  	Performance	  	 	1,000.0	  
	 3000395444
	  	 SAMBA Financial Group
	  	Performance	  	 	500.0	  
	 3000395718
	  	 SAMBA Financial Group
	  	Performance	  	 	385.1	  
	 3000395902
	  	 SAMBA Financial Group
	  	Performance	  	 	1,430.0	  
	 3000395903
	  	 SAMBA Financial Group
	  	Performance	  	 	368.5	  
	 3000395904
	  	 SAMBA Financial Group
	  	Performance	  	 	168.2	  
	 3000395905
	  	 SAMBA Financial Group
	  	Performance	  	 	15.0	  
	 3000395910
	  	 SAMBA Financial Group
	  	Performance	  	 	123.3	  
	 3000395928
	  	 SAMBA Financial Group
	  	Performance	  	 	168.2	  
	 3000395929
	  	 SAMBA Financial Group
	  	Performance	  	 	123.3	  
	 3000395931
	  	 SAMBA Financial Group
	  	Performance	  	 	1,430.0	  
	 3000395932
	  	 SAMBA Financial Group
	  	Performance	  	 	368.5	  
	 3000395933
	  	 SAMBA Financial Group
	  	Performance	  	 	15.0	  
	 3000395950
	  	 SAMBA Financial Group
	  	Performance	  	 	420.0	  
	 3000396387
	  	 SAMBA Financial Group
	  	Performance	  	 	2,408.8	  
	 3000396510
	  	 SAMBA Financial Group
	  	Performance	  	 	632.1	  
	 3000396511
	  	 SAMBA Financial Group
	  	Performance	  	 	632.1	  
	 3000396576
	  	 SAMBA Financial Group
	  	Performance	  	 	746.5	  
	 3000396577
	  	 SAMBA Financial Group
	  	Performance	  	 	1,119.8	  
	 3000396638
	  	 SAMBA Financial Group
	  	Performance	  	 	746.5	  
	 3000396659
	  	 SAMBA Financial Group
	  	Performance	  	 	435.1	  
	 3000396674
	  	 SAMBA Financial Group
	  	Performance	  	 	1,119.8	  
	 3000396687
	  	 SAMBA Financial Group
	  	Performance	  	 	435.1	  








									
	 GUARANTEE NUMBER
	  	 ISSUING BANK
	  	PURPOSE	  	AMOUNT IN USD
(000’s)	 
	 3000397021
	  	 SAMBA Financial Group
	  	Performance	  	 	738.4	  
	 3000397121
	  	 SAMBA Financial Group
	  	Performance	  	 	417.0	  
	 3000392412(A)
	  	 SAMBA Financial Group
	  	Performance	  	 	770.2	  
	 3000394875-A
	  	 SAMBA Financial Group
	  	Performance	  	 	3,198.0	  
	 55575635678
	  	 Skandinaviska Enskilda Banken
	  	Performance	  	 	242.5	  
	 55575635686
	  	 Skandinaviska Enskilda Banken
	  	Performance	  	 	275.0	  
	 55575638820
	  	 Skandinaviska Enskilda Banken
	  	Performance	  	 	1,342.0	  
	 55575640086
	  	 Skandinaviska Enskilda Banken
	  	Performance	  	 	1,003.8	  
	 123010042706
	  	 Standard Chartered Bank
	  	Performance	  	 	4,200.0	  
	 123020068580
	  	 Standard Chartered Bank
	  	Performance	  	 	27.2	  
	 123020068624
	  	 Standard Chartered Bank
	  	Performance	  	 	3,425.0	  
	 123020068651
	  	 Standard Chartered Bank
	  	Performance	  	 	4,330.0	  
	 123020068713
	  	 Standard Chartered Bank
	  	Performance	  	 	3,076.5	  
	 123020068731
	  	 Standard Chartered Bank
	  	Performance	  	 	7,183.4	  
	 123020222379
	  	 Standard Chartered Bank
	  	Performance	  	 	500.0	  
	 777020021987-L
	  	 Standard Chartered Bank
	  	Performance	  	 	3.3	  
	 777020021996-L
	  	 Standard Chartered Bank
	  	Performance	  	 	98.5	  
	 777020022076-L
	  	 Standard Chartered Bank
	  	Performance	  	 	465.3	  
	 777020022085-L
	  	 Standard Chartered Bank
	  	Performance	  	 	1,281.2	  
	 777020022101-L
	  	 Standard Chartered Bank
	  	Performance	  	 	776.0	  
	 777020022138-L
	  	 Standard Chartered Bank
	  	Performance	  	 	401.3	  
	 777020022539-L
	  	 Standard Chartered Bank
	  	Performance	  	 	388.0	  
	 777020022557-L
	  	 Standard Chartered Bank
	  	Performance	  	 	266.0	  
	 777020028221-L
	  	 Standard Chartered Bank
	  	Performance	  	 	1,854.2	  
	 777020029408-L
	  	 Standard Chartered Bank
	  	Performance	  	 	560.0	  
	 777020030245-L
	  	 Standard Chartered Bank
	  	Performance	  	 	1,104.3	  
	 777020030637-L
	  	 Standard Chartered Bank
	  	Performance	  	 	385.0	  
	 777020031903-L
	  	 Standard Chartered Bank
	  	Performance	  	 	624.0	  
	 777020032145-L
	  	 Standard Chartered Bank
	  	Performance	  	 	148.4	  
	 777020032172-L
	  	 Standard Chartered Bank
	  	Performance	  	 	45.0	  
	 777020032350-L
	  	 Standard Chartered Bank
	  	Performance	  	 	1,054.0	  
	 777020033288-L
	  	 Standard Chartered Bank
	  	Performance	  	 	200.0	  
	 777020033803-L
	  	 Standard Chartered Bank
	  	Performance	  	 	952.2	  
	 777020033821-L
	  	 Standard Chartered Bank
	  	Performance	  	 	952.2	  
	 777020034303-L
	  	 Standard Chartered Bank
	  	Performance	  	 	858.4	  
	 777020035703-L
	  	 Standard Chartered Bank
	  	Performance	  	 	500.0	  
	 777020036212-L
	  	 Standard Chartered Bank
	  	Performance	  	 	1,413.5	  
	 777020036221-L
	  	 Standard Chartered Bank
	  	Performance	  	 	2,050.0	  
	 777020036515-L
	  	 Standard Chartered Bank
	  	Performance	  	 	1,800.0	  
	 777020036524-L
	  	 Standard Chartered Bank
	  	Performance	  	 	1,089.0	  
	 779-02-0053968-I
	  	 Standard Chartered Bank
	  	Performance	  	 	808.4	  
	 MEAE1AE07G501131
	  	 The Royal Bank of Scotland N.V.
	  	Performance	  	 	0.8	  
	 MEAE2AE07G401854
	  	 The Royal Bank of Scotland N.V.
	  	Performance	  	 	20.4	  
	 MEAE2AE07G501847
	  	 The Royal Bank of Scotland N.V.
	  	Performance	  	 	13.6	  
	 MEAE2AE07G501849
	  	 The Royal Bank of Scotland N.V.
	  	Performance	  	 	13.6	  
	 MEAE2AE07G501851
	  	 The Royal Bank of Scotland N.V.
	  	Performance	  	 	0.8	  
	 MEAE2AE7G501853
	  	 The Royal Bank of Scotland N.V.
	  	Performance	  	 	6.5	  
	 NLNL1NL09G823902
	  	 The Royal Bank of Scotland N.V.
	  	Performance	  	 	3,395.0	  








									
	 GUARANTEE NUMBER
	  	 ISSUING BANK
	  	PURPOSE	  	AMOUNT IN USD
(000’s)	 
	 NLNL1NL09G824086
	  	 The Royal Bank of Scotland N.V.
	  	Performance	  	 	1,166.8	  
	 NLNL1NL09G824798
	  	 The Royal Bank of Scotland N.V.
	  	Performance	  	 	578.7	  
	 NLNL1NL09G830181
	  	 The Royal Bank of Scotland N.V.
	  	Performance	  	 	864.1	  
	 NLNL1NL09G830386
	  	 The Royal Bank of Scotland N.V.
	  	Performance	  	 	311.2	  
	 NLNL1NL09G830687
	  	 The Royal Bank of Scotland N.V.
	  	Performance	  	 	281.6	  
	 NLNL1NL11G835403
	  	 The Royal Bank of Scotland N.V.
	  	Performance	  	 	2,058.9	  
	 T403114
	  	 The Royal Bank of Scotland N.V.
	  	Performance	  	 	19,850.1	  
	 T407672
	  	 The Royal Bank of Scotland N.V.
	  	Performance	  	 	0.0	  
	 T408232
	  	 The Royal Bank of Scotland N.V.
	  	Performance	  	 	2,645.0	  
	 LCA2467NY
	  	 The Royal Bank of Scotland plc
	  	Performance	  	 	4,784.1	  
	 SLCPPDX05105
	  	 U.S. Bank N.A.
	  	Performance	  	 	70,000.0	  
	 NTS664720
	  	 Wells Fargo Bank N.A.
	  	Performance	  	 	3,194.9	  
	 21197
	  	 Australian And New Zealand Banking Group Limited
	  	Financial	  	 	15.8	  
	 29070196-A
	  	 Australian And New Zealand Banking Group Limited
	  	Financial	  	 	2.2	  
	 FHGAV08077000200
	  	 Commerzbank AG
	  	Financial	  	 	159.8	  
	 5637027
	  	 Credit Agricole CIB
	  	Financial	  	 	2,943.3	  
	 8837025
	  	 Credit Agricole CIB
	  	Financial	  	 	181.6	  
	 731337018
	  	 Credit Agricole CIB
	  	Financial	  	 	2,174.1	  
	 FNGPTH116949
	  	 HSBC Bank Australia Limited
	  	Financial	  	 	622.7	  
	 FNGPTH116956
	  	 HSBC Bank Australia Limited
	  	Financial	  	 	359.7	  
	 FNGPTH120304
	  	 HSBC Bank Australia Limited
	  	Financial	  	 	1,291.0	  
	 FNGPTH120736
	  	 HSBC Bank Australia Limited
	  	Financial	  	 	101.6	  
	 FNGPTH122092
	  	 HSBC Bank Australia Limited
	  	Financial	  	 	413.5	  
	 FNGDUB014908
	  	 HSBC Bank Middle East Limited
	  	Financial	  	 	108.2	  
	 CPCS-246955
	  	 JPMorgan Chase Bank N.A.
	  	Financial	  	 	7,200.0	  
	 CPCS-286175
	  	 JPMorgan Chase Bank N.A.
	  	Financial	  	 	915.0	  
	 CPCS-482085
	  	 JPMorgan Chase Bank N.A.
	  	Financial	  	 	10.2	  
	 CPCS-482852
	  	 JPMorgan Chase Bank N.A.
	  	Financial	  	 	10.2	  
	 SLT321426
	  	 JPMorgan Chase Bank N.A.
	  	Financial	  	 	2,000.0	  
	 SLT750105
	  	 JPMorgan Chase Bank N.A.
	  	Financial	  	 	4,436.8	  
	 SLT751064
	  	 JPMorgan Chase Bank N.A.
	  	Financial	  	 	691.0	  
	 032LGFN123150556
	  	 Mashreq Bank P.S.C.
	  	Financial	  	 	163.4	  
	 032LGFN123150766
	  	 Mashreq Bank P.S.C.
	  	Financial	  	 	54.5	  
	 032LGFN123150769
	  	 Mashreq Bank P.S.C.
	  	Financial	  	 	171.5	  
	 032LGFN123150791
	  	 Mashreq Bank P.S.C.
	  	Financial	  	 	43.6	  
	 032LGFN123150846
	  	 Mashreq Bank P.S.C.
	  	Financial	  	 	8.2	  
	 032LGFN123150877
	  	 Mashreq Bank P.S.C.
	  	Financial	  	 	136.2	  
	 032LGOT123151709
	  	 Mashreq Bank P.S.C.
	  	Financial	  	 	27.5	  
	 032LGOT123151728
	  	 Mashreq Bank P.S.C.
	  	Financial	  	 	61.8	  
	 3000368994
	  	 SAMBA Financial Group
	  	Financial	  	 	18.7	  
	 M302406
	  	 Standard Bank of South Africa Limited
	  	Financial	  	 	0.3	  
	 359020594301
	  	 Standard Chartered Bank (Thai) PCL
	  	Financial	  	 	64.8	  
	 MEAE1AE07G501121
	  	 The Royal Bank of Scotland N.V.
	  	Financial	  	 	13.6	  
	 IS0013477
	  	 Wells Fargo Bank N.A.
	  	Financial	  	 	4,602.0	  
	 NTS661771
	  	 Wells Fargo Bank N.A.
	  	Financial	  	 	12,610.8	  
		  		  		  	  
	  
	 
	 LETTER OF CREDIT & BANK GUARANTEE UTILIZATION
	  		  	 	1,050,641.4	  
	 Revolver Foreign Currency Adjustment
	  		  	 	3,927.9	  
		  		  		  	  
	  
	 
	 TOTAL UTILIZATION
	  		  	 	1,054,569.3	  
		  		  		  	  
	  
	 







 Schedule 1.1.4-Permitted Existing Contingent Obligations 

Consolidated Surety Bonds 
 as of September 30, 2012 
  

									
	 BOND NUMBER
	  	 ISSUING SURETY
	  	 PURPOSE
	  	AMOUNT IN USD
(000’s)	 
	 0141140
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	309.9	  
	 0141215
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	197.7	  
	 0146223
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	279.6	  
	 0149380
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	220.4	  
	 0149383
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	199.0	  
	 0152468
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	126.9	  
	 0152496
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	40.2	  
	 0152528
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	41.4	  
	 0152560
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	60.0	  
	 0152564
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	8.2	  
	 0152565
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	120.2	  
	 0156428
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	105.3	  
	 0157487
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	148.8	  
	 0159737
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	1,126.1	  
	 0159741
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	399.4	  
	 0159744
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	245.2	  
	 0161864
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	1,294.6	  
	 0161880
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	231.3	  
	 0163960
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	3,072.8	  
	 0165941
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	1,567.5	  
	 0167355
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	2,657.7	  
	 0167361
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	63.8	  
	 0168276
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	3,359.4	  
	 0168768
	  	 Berkley Regional Insurance Company
	  	Performance & Payment	  	 	4,708.7	  
	 1010311
	  	 C.A. Seguros La Occidental
	  	Customs	  	 	62.4	  
	 1013767
	  	 C.A. Seguros La Occidental
	  	Labor	  	 	275.2	  
	 1013775
	  	 C.A. Seguros La Occidental
	  	Labor	  	 	179.4	  
	 1013776
	  	 C.A. Seguros La Occidental
	  	Labor	  	 	179.4	  
	 1014851
	  	 C.A. Seguros La Occidental
	  	Labor	  	 	92.3	  
	 1014851
	  	 C.A. Seguros La Occidental
	  	Performance	  	 	573.3	  
	 1018458
	  	 C.A. Seguros La Occidental
	  	Performance	  	 	2,180.0	  
	 1018473
	  	 C.A. Seguros La Occidental
	  	Performance	  	 	1,348.9	  
	 1018475
	  	 C.A. Seguros La Occidental
	  	Performance	  	 	1,348.9	  
	 DL004163
	  	 Compañía Aseguradora de Fianzas S.A.(Confianza)
	  	Performance	  	 	84.1	  
	 DL004165
	  	 Compañía Aseguradora de Fianzas S.A.(Confianza)
	  	Performance	  	 	297.7	  
	 DL004177
	  	 Compañía Aseguradora de Fianzas S.A.(Confianza)
	  	Performance	  	 	164.6	  
	 DL004179
	  	 Compañía Aseguradora de Fianzas S.A.(Confianza)
	  	Performance	  	 	19.5	  
	 DL004205
	  	 Compañía Aseguradora de Fianzas S.A.(Confianza)
	  	Performance	  	 	5.7	  
	 DL004213
	  	 Compañía Aseguradora de Fianzas S.A.(Confianza)
	  	Performance	  	 	68.2	  
	 DL004214
	  	 Compañía Aseguradora de Fianzas S.A.(Confianza)
	  	Performance	  	 	1.0	  
	 DL004314
	  	 Compañía Aseguradora de Fianzas S.A.(Confianza)
	  	Performance	  	 	6.5	  
	 EX000898
	  	 Compañía Aseguradora de Fianzas S.A.(Confianza)
	  	Performance	  	 	77,800.0	  
	 81365442
	  	 Federal Insurance Company
	  	Performance & Payment	  	 	603.0	  








									
	 BOND NUMBER
	  	 ISSUING SURETY
	  	 PURPOSE
	  	AMOUNT IN USD
(000’s)	 
	 81365469
	  	 Federal Insurance Company
	  	Contractor’s Indemnity	  	 	98.7	  
	 81558756
	  	 Federal Insurance Company
	  	Retention	  	 	264.0	  
	 81558787
	  	 Federal Insurance Company
	  	Contractor’s Indemnity	  	 	299.3	  
	 81558803
	  	 Federal Insurance Company
	  	Contractor’s Indemnity	  	 	128.1	  
	 81558805
	  	 Federal Insurance Company
	  	Contractor’s Indemnity	  	 	88.6	  
	 82168409
	  	 Federal Insurance Company
	  	Performance & Payment	  	 	62.9	  
	 82187968
	  	 Federal Insurance Company
	  	Performance & Payment	  	 	90.8	  
	 82188013
	  	 Federal Insurance Company
	  	Performance & Payment	  	 	1,106.1	  
	 82199440
	  	 Federal Insurance Company
	  	Performance & Payment	  	 	413.2	  
	 82201936
	  	 Federal Insurance Company
	  	Performance & Payment	  	 	224.2	  
	 82201945
	  	 Federal Insurance Company
	  	Performance & Payment	  	 	12,790.5	  
	 82201946
	  	 Federal Insurance Company
	  	Retention	  	 	1,550.0	  
	 82201951
	  	 Federal Insurance Company
	  	Performance & Payment	  	 	743.8	  
	 82201953
	  	 Federal Insurance Company
	  	Performance & Payment	  	 	1,025.3	  
	 82201960
	  	 Federal Insurance Company
	  	Performance & Payment	  	 	1,811.7	  
	 82203531
	  	 Federal Insurance Company
	  	Performance	  	 	227.3	  
	 82289296
	  	 Federal Insurance Company
	  	Performance & Payment	  	 	2,097.5	  
	 82289305
	  	 Federal Insurance Company
	  	Performance & Payment	  	 	4,311.4	  
	 82289311
	  	 Federal Insurance Company
	  	Performance & Payment	  	 	1,017.1	  
	 82289312
	  	 Federal Insurance Company
	  	Performance & Payment	  	 	857.8	  
	 82289313
	  	 Federal Insurance Company
	  	Performance & Payment	  	 	1,534.0	  
	 82289318
	  	 Federal Insurance Company
	  	Performance & Payment	  	 	1,043.9	  
	 82289324
	  	 Federal Insurance Company
	  	Performance & Payment	  	 	2,371.5	  
	 82289325
	  	 Federal Insurance Company
	  	Performance & Payment	  	 	894.3	  
	 380818
	  	 Liberty Seguros S.A.
	  	Civil Liability	  	 	1,528.9	  
	 1922969
	  	 Liberty Seguros S.A.
	  	Performance	  	 	3,435.9	  
	 1939630
	  	 Liberty Seguros S.A.
	  	Performance	  	 	3,057.8	  
	 2057208
	  	 Liberty Seguros S.A.
	  	Performance	  	 	400.0	  
	 617500186
	  	 Mapfre La Seguridad C.A. de Seguros
	  	Labor	  	 	69.8	  
	 617501086
	  	 Mapfre La Seguridad C.A. de Seguros
	  	Performance	  	 	963.9	  
	 817500176
	  	 Mapfre La Seguridad C.A. de Seguros
	  	Labor	  	 	317.6	  
	 817500191
	  	 Mapfre La Seguridad C.A. de Seguros
	  	Donwpayment	  	 	635.2	  
	 817501048
	  	 Mapfre La Seguridad C.A. de Seguros
	  	Performance	  	 	317.6	  
	 CMS215358
	  	 RLI Insurance Company
	  	License & Permit	  	 	10.0	  
	 CMS215363
	  	 RLI Insurance Company
	  	License & Permit	  	 	102.0	  
	 CMS215364
	  	 RLI Insurance Company
	  	Workers Compensation	  	 	220.0	  
	 CMS215365
	  	 RLI Insurance Company
	  	License & Permit	  	 	69.1	  
	 CMS215368
	  	 RLI Insurance Company
	  	License & Permit	  	 	40.0	  
	 CMS215369
	  	 RLI Insurance Company
	  	License & Permit	  	 	5.0	  
	 CMS226301
	  	 RLI Insurance Company
	  	Wage & Welfare	  	 	200.0	  
	 CMS226306
	  	 RLI Insurance Company
	  	Wage & Welfare	  	 	12.0	  
	 CMS226322
	  	 RLI Insurance Company
	  	Contractor’s Indemnity	  	 	428.3	  
	 CMS226327
	  	 RLI Insurance Company
	  	Contractor’s Indemnity	  	 	599.7	  
	 CMS226329
	  	 RLI Insurance Company
	  	Lien Bond	  	 	393.2	  
	 CMS226331
	  	 RLI Insurance Company
	  	License & Permit	  	 	102.2	  
	 CMS242750
	  	 RLI Insurance Company
	  	License & Permit	  	 	75.0	  
	 CMS242761
	  	 RLI Insurance Company
	  	License & Permit	  	 	75.0	  








									
	 BOND NUMBER
	  	 ISSUING SURETY
	  	 PURPOSE
	  	AMOUNT IN USD
(000’s)	 
	 CMS242762
	  	 RLI Insurance Company
	  	License & Permit	  	 	147.6	  
	 CMS242763
	  	 RLI Insurance Company
	  	License & Permit	  	 	257.9	  
	 CMS242781
	  	 RLI Insurance Company
	  	License & Permit	  	 	75.0	  
	 CMS242799
	  	 RLI Insurance Company
	  	License & Permit	  	 	163.1	  
	 CMS246651
	  	 RLI Insurance Company
	  	License & Permit	  	 	61.6	  
	 CMS246652
	  	 RLI Insurance Company
	  	Retention	  	 	140.9	  
	 CMS246653
	  	 RLI Insurance Company
	  	License & Permit	  	 	5.0	  
	 CMS246656
	  	 RLI Insurance Company
	  	License & Permit	  	 	25.0	  
	 CMS246658
	  	 RLI Insurance Company
	  	License & Permit	  	 	25.0	  
	 CMS246669
	  	 RLI Insurance Company
	  	License & Permit	  	 	25.0	  
	 CMS246670
	  	 RLI Insurance Company
	  	Wage & Welfare	  	 	3,000.0	  
	 TB6389
	  	 St. Paul Fire And Marine Insurance Company (SFM)
	  	Court	  	 	261.7	  
	 9541
	  	 Venezolano de Crédito
	  	Customs	  	 	231.9	  
	 120221005
	  	 Westchester Fire Insurance Company
	  	Customs	  	 	200.0	  
	 K07443821
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	47.0	  
	 K07443936
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	20.0	  
	 K07443948
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	10.0	  
	 K07443985
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	2.0	  
	 K0744414A
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	5.0	  
	 K07444394
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	50.0	  
	 K07444400
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	5.0	  
	 K07444448
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	2,000.0	  
	 K07444515
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	76.1	  
	 K07444540
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	3.0	  
	 K07444709
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	2.8	  
	 K07444965
	  	 Westchester Fire Insurance Company
	  	Contractor’s Indemnity	  	 	64.1	  
	 K07444977
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	5.0	  
	 K07445052
	  	 Westchester Fire Insurance Company
	  	Misc Indemnity	  	 	30.0	  
	 K07785926
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	5.0	  
	 K0778594A
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	10.0	  
	 K07785963
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	1,440.0	  
	 K07786104
	  	 Westchester Fire Insurance Company
	  	Court	  	 	50.0	  
	 K07786141
	  	 Westchester Fire Insurance Company
	  	Retention	  	 	183.2	  
	 K07786153
	  	 Westchester Fire Insurance Company
	  	Retention	  	 	80.7	  
	 K07786189
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	90.0	  
	 K08030893
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	10.0	  
	 K08031149
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	10.0	  
	 K08031216
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	117.0	  
	 K08031551
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	90.5	  
	 K08232702
	  	 Westchester Fire Insurance Company
	  	Contractor’s Indemnity	  	 	231.5	  
	 K0831021A
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	25.0	  
	 K08407575
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	10.0	  
	 K08407769
	  	 Westchester Fire Insurance Company
	  	Court	  	 	13.9	  
	 K08408191
	  	 Westchester Fire Insurance Company
	  	Performance & Payment	  	 	148.7	  
	 K08476792
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	5.0	  
	 K08477000
	  	 Westchester Fire Insurance Company
	  	Performance & Payment	  	 	371.2	  
	 K08477292
	  	 Westchester Fire Insurance Company
	  	Performance & Payment	  	 	124.7	  








									
	 BOND NUMBER
	  	 ISSUING SURETY
	  	 PURPOSE
	  	AMOUNT IN USD
(000’s)	 
	 K08477309
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	413.9	  
	 K0847753A
	  	 Westchester Fire Insurance Company
	  	Performance & Payment	  	 	348.7	  
	 K08533581
	  	 Westchester Fire Insurance Company
	  	Performance & Payment	  	 	431.8	  
	 K08533684
	  	 Westchester Fire Insurance Company
	  	Performance & Payment	  	 	96.3	  
	 K08533854
	  	 Westchester Fire Insurance Company
	  	Performance & Payment	  	 	420.9	  
	 K08533908
	  	 Westchester Fire Insurance Company
	  	Performance & Payment	  	 	958.1	  
	 K08533982
	  	 Westchester Fire Insurance Company
	  	Performance & Payment	  	 	107.5	  
	 K08597613
	  	 Westchester Fire Insurance Company
	  	Performance & Payment	  	 	2,730.6	  
	 K08597674
	  	 Westchester Fire Insurance Company
	  	Performance & Payment	  	 	80.9	  
	 K08597893
	  	 Westchester Fire Insurance Company
	  	Performance & Payment	  	 	316.5	  
	 K08598137
	  	 Westchester Fire Insurance Company
	  	Performance & Payment	  	 	433.6	  
	 K08648736
	  	 Westchester Fire Insurance Company
	  	Performance & Payment	  	 	1,690.5	  
	 K08648785
	  	 Westchester Fire Insurance Company
	  	Performance & Payment	  	 	1,043.6	  
	 K08648815
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	25.0	  
	 K08648827
	  	 Westchester Fire Insurance Company
	  	Performance & Payment	  	 	6,458.7	  
	 K08648852
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	25.0	  
	 K08768158
	  	 Westchester Fire Insurance Company
	  	Performance	  	 	2,593.4	  
	 K08768262
	  	 Westchester Fire Insurance Company
	  	Performance & Payment	  	 	700.6	  
	 K08768365
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	100.0	  
	 K08768481
	  	 Westchester Fire Insurance Company
	  	License & Permit	  	 	12.5	  
	 M413771
	  	 Westchester Fire Insurance Company
	  	Customs	  	 	5.1	  
	 MNR216832
	  	 Westchester Fire Insurance Company
	  	Performance	  	 	170.7	  
	 15920529
	  	 Western Surety Company
	  	Notary Public	  	 	10.0	  
	 15929133
	  	 Western Surety Company
	  	Notary Public	  	 	10.0	  
	 15943983
	  	 Western Surety Company
	  	Notary Public	  	 	10.0	  
	 15980507
	  	 Western Surety Company
	  	Notary Public	  	 	10.0	  
	 58618533
	  	 Western Surety Company
	  	License & Permit	  	 	10.0	  
	 58618535
	  	 Western Surety Company
	  	License & Permit	  	 	50.0	  
	 58618536
	  	 Western Surety Company
	  	License & Permit	  	 	5.0	  
	 58618537
	  	 Western Surety Company
	  	License & Permit	  	 	5.0	  
	 58618538
	  	 Western Surety Company
	  	License & Permit	  	 	50.0	  
	 58618541
	  	 Western Surety Company
	  	License & Permit	  	 	12.5	  
	 58618542
	  	 Western Surety Company
	  	License & Permit	  	 	50.0	  
	 58618586
	  	 Western Surety Company
	  	License & Permit	  	 	5.0	  
	 58618595
	  	 Western Surety Company
	  	License & Permit	  	 	40.0	  
	 58618596
	  	 Western Surety Company
	  	License & Permit	  	 	12.0	  
	 58618603
	  	 Western Surety Company
	  	Wage & Welfare	  	 	25.0	  
	 58627861
	  	 Western Surety Company
	  	Wage & Welfare	  	 	50.0	  
	 58627862
	  	 Western Surety Company
	  	Wage & Welfare	  	 	25.0	  
	 58627863
	  	 Western Surety Company
	  	Wage & Welfare	  	 	25.0	  
	 58627864
	  	 Western Surety Company
	  	License & Permit	  	 	0.1	  
	 58627865
	  	 Western Surety Company
	  	Wage & Welfare	  	 	100.0	  
	 58627877
	  	 Western Surety Company
	  	License & Permit	  	 	12.5	  
	 58627879
	  	 Western Surety Company
	  	License & Permit	  	 	12.0	  
	 58633468
	  	 Western Surety Company
	  	License & Permit	  	 	10.0	  
	 58633470
	  	 Western Surety Company
	  	License & Permit	  	 	12.5	  
	 58633472
	  	 Western Surety Company
	  	License & Permit	  	 	12.0	  








									
	 BOND NUMBER
	  	 ISSUING SURETY
	  	 PURPOSE
	  	AMOUNT IN USD
(000’s)	 
	 58633474
	  	 Western Surety Company
	  	License & Permit	  	 	12.5	  
	 58633475
	  	 Western Surety Company
	  	License & Permit	  	 	12.5	  
	 58633476
	  	 Western Surety Company
	  	License & Permit	  	 	12.0	  
	 58633479
	  	 Western Surety Company
	  	Wage & Welfare	  	 	16.0	  
	 58633482
	  	 Western Surety Company
	  	License & Permit	  	 	10.0	  
	 58633483
	  	 Western Surety Company
	  	License & Permit	  	 	6.0	  
	 58637902
	  	 Western Surety Company
	  	License & Permit	  	 	12.5	  
	 58660876
	  	 Western Surety Company
	  	Performance & Payment	  	 	1,346.2	  
	 58660877
	  	 Western Surety Company
	  	Performance & Payment	  	 	1,306.8	  
	 58660886
	  	 Western Surety Company
	  	Performance & Payment	  	 	34.4	  
	 58663562
	  	 Western Surety Company
	  	Performance & Payment	  	 	62.4	  
	 58665765
	  	 Western Surety Company
	  	Performance & Payment	  	 	1,742.0	  
	 58665778
	  	 Western Surety Company
	  	Maintenance	  	 	55.6	  
	 58669592
	  	 Western Surety Company
	  	Notary Public	  	 	15.0	  
	 58669597
	  	 Western Surety Company
	  	Performance & Payment	  	 	30.0	  
	 58669605
	  	 Western Surety Company
	  	Performance & Payment	  	 	79.1	  
	 58675164
	  	 Western Surety Company
	  	Performance & Payment	  	 	505.2	  
	 58675165
	  	 Western Surety Company
	  	Performance & Payment	  	 	42.3	  
	 58675171
	  	 Western Surety Company
	  	Notary Public	  	 	5.0	  
	 58675183
	  	 Western Surety Company
	  	Performance & Payment	  	 	116.9	  
	 58686360
	  	 Western Surety Company
	  	Performance & Payment	  	 	127.6	  
	 58686362
	  	 Western Surety Company
	  	Performance & Payment	  	 	686.4	  
	 58686376
	  	 Western Surety Company
	  	License & Permit	  	 	12.5	  
	 58691315
	  	 Western Surety Company
	  	Performance & Payment	  	 	1,859.1	  
	 58691338
	  	 Western Surety Company
	  	Notary Public	  	 	5.0	  
	 58696767
	  	 Western Surety Company
	  	Notary Public	  	 	5.0	  
	 70993376N
	  	 Western Surety Company
	  	Notary Public	  	 	10.0	  
	 71029418N
	  	 Western Surety Company
	  	Notary Public	  	 	10.0	  
	 71029421N
	  	 Western Surety Company
	  	Notary Public	  	 	10.0	  
	 71064090N
	  	 Western Surety Company
	  	Notary Public	  	 	10.0	  
	 71128040N
	  	 Western Surety Company
	  	Notary Public	  	 	10.0	  
		  		  		  	  
	  
	 
	 SURETY BOND UTILIZATION
	  		  	 	191,834.9	  
		  		  		  	  
	  
	 







 SCHEDULE 1.1.5 

INITIAL MATERIAL SUBSIDIARIES AND MATERIAL
SUBSIDIARIES 
 Initial Material Subsidiary 

 

			
	CB&I Inc.	  	Texas
	Horton CBI, Limited	  	Canada
	Chicago Bridge & Iron Company (Delaware)	  	Delaware
	CBI Eastern Anstalt	  	Liechtenstein
	CB&I UK Limited	  	United Kingdom
	CBI Constructors Pty, Ltd.	  	Australia
	CBI Colombiana S.A.	  	Columbia

 Material Subsidiaries: 
  

			
	Chicago Bridge & Iron Company	  	Delaware
	CB&I Inc.	  	Texas
	CBI Services, Inc.	  	Delaware
	Chicago Bridge & Iron Company (Delaware)	  	Delaware
	Chicago Bridge & Iron Company B.V.	  	Netherlands
	CBI Americas Ltd.	  	Delaware
	CB&I Woodlands L.L.C.	  	Delaware
	Chicago Bridge & Iron Company	  	Illinois
	Asia Pacific Supply Co.	  	Delaware
	CBI Company Ltd.	  	Delaware
	Central Trading Company Ltd.	  	Delaware
	CSA Trading Company, Ltd.	  	Delaware
	Lummus Technology Inc.	  	Delaware
	CBI Overseas, LLC	  	Delaware
	A&B Builders, Ltd.	  	Illinois
	Constructors International, L.L.C.	  	Delaware
	HBI Holdings, L.L.C.	  	Delaware
	Howe-Baker International, L.L.C.	  	Delaware
	Howe-Baker Engineers, Ltd.	  	Texas
	Howe-Baker Holdings, L.L.C.	  	Delaware
	Howe-Baker Management, L.L.C.	  	Delaware
	Howe-Baker International Management, L.L.C.	  	Delaware
	Matrix Engineering, Ltd.	  	Texas
	Matrix Management Services, L.L.C.	  	Delaware
	Oceanic Contractors, Inc.	  	Illinois
	CBI Venezolana, S.A.	  	Venezuela
	CBI Montajes de Chile Limitada	  	Chile
	CBI Construcciones S.A.	  	Argentina
	Horton CBI, Limited	  	Canada
	CB&I (Europe) B.V.	  	Netherlands
	CBI Eastern Anstalt	  	Liechtenstein
	CBI Luxembourg S.a.r.l.	  	Luxembourg
	CMP Holdings B.V.	  	Netherlands
	CBI Constructors Pty, Ltd.	  	Australia


  
 CB&I 

SCHEDULES TO REVOLVING CREDIT AGREEMENT 








			
	 CBI Engineering and Construction

Consultant (Shanghai) Co. Ltd.
	  	Shanghai
	CBI (Philippines), Inc.	  	Philippines
	CB&I Nederland B.V.	  	Netherlands
	CBI Constructors Limited	  	United Kingdom
	CB&I Holdings (UK) Limited	  	United Kingdom
	CB&I UK Limited	  	United Kingdom
	Arabian Gulf Material Supply Company, Ltd.	  	Cayman Islands
	CB&I (Nigeria) Limited	  	Nigeria
	Pacific Rim Material Supply Company, Ltd.	  	Cayman Islands
	Southern Tropic Material Supply Company, Ltd.	  	Cayman Islands
	Lummus Technology Heat Transfer B.V.	  	Netherlands
	Lealand Finance Company B.V.	  	Netherlands
	CB&I Singapore PTE Ltd.	  	Singapore
	CB&I Oil & Gas Europe B.V.	  	Netherlands
	CBI Colombiana S.A.	  	Columbia
	Chicago Bridge & Iron (Antilles) N.V.	  	Netherland Antilles
	Woodlands International Insurance Company Limited	  	Ireland
	Lummus Novolen Technology GmbH	  	Germany
	CB&I Lummus GmbH	  	Germany
	Lummus International Corporation	  	Delaware
	Hua Lu Engineering Co., Ltd.	  	China
	Lummus Catalyst Company Ltd.	  	Delaware
	Lummus Overseas Corporation	  	Delaware
	CB&I Lummus Crest Ltd.	  	United Kingdom
	CB&I Malta Limited	  	Malta
	Lutech Resources Limited	  	United Kingdom
	Netherlands Operating Company B.V.	  	Netherlands
	CB&I s.r.o.	  	Czech Republic
	CBI Peruana S.A.C.	  	Peru
	CBI Hungary Holding Limited Liability Company	  	Hungary
	CBI Constructors (PNG) Pty. Limited	  	Papa New Guinea
	Catalytic Distillation Technologies	  	Texas
	CB&I Tyler Company	  	Delaware
	CB&I Finance Company Limited	  	Ireland


  
 CB&I 

SCHEDULES TO REVOLVING CREDIT AGREEMENT 







 Schedule 3.1-Transitional Letters of Credit 

Revolving Credit Facility 
 as of December 12, 2012 
  

									
	 GUARANTEE NUMBER
	  	 ISSUING BANK
	  	 PURPOSE
	  	AMOUNT IN USD
(000’s)	 
	 3126057
	  	 Bank of America N.A.
	  	Performance	  	 	39.0	  
	 3126058
	  	 Bank of America N.A.
	  	Performance	  	 	290.0	  
	 3126317
	  	 Bank of America N.A.
	  	Performance	  	 	503.7	  
	 BMTO299428OS
	  	 Bank of Montreal TFO
	  	Performance	  	 	50,280.0	  
	 04104598
	  	 BNP Paribas USA
	  	Performance	  	 	175.4	  
	 04105543
	  	 BNP Paribas USA
	  	Performance	  	 	4,868.1	  
	 04105546
	  	 BNP Paribas USA
	  	Performance	  	 	20,431.4	  
	 04112089
	  	 BNP Paribas USA
	  	Performance	  	 	606.0	  
	 04115660
	  	 BNP Paribas USA
	  	Performance	  	 	380.0	  
	 04116048
	  	 BNP Paribas USA
	  	Performance	  	 	665.0	  
	 04116374
	  	 BNP Paribas USA
	  	Performance	  	 	1,372.0	  
	 04116614
	  	 BNP Paribas USA
	  	Performance	  	 	3,022.4	  
	 04116770
	  	 BNP Paribas USA
	  	Performance	  	 	759.6	  
	 04117168
	  	 BNP Paribas USA
	  	Performance	  	 	1,189.6	  
	 04117486
	  	 BNP Paribas USA
	  	Performance	  	 	51.5	  
	 91902181
	  	 BNP Paribas USA
	  	Performance	  	 	886.9	  
	 91903105
	  	 BNP Paribas USA
	  	Performance	  	 	385.1	  
	 91909337
	  	 BNP Paribas USA
	  	Performance	  	 	252.5	  
	 91910522
	  	 BNP Paribas USA
	  	Performance	  	 	74,383.4	  
	 91912121
	  	 BNP Paribas USA
	  	Performance	  	 	568.8	  
	 91913099
	  	 BNP Paribas USA
	  	Performance	  	 	45.0	  
	 91916631
	  	 BNP Paribas USA
	  	Performance	  	 	438.5	  
	 PENDING
	  	 BNP Paribas USA
	  	Performance	  	 	146.5	  
	 PENDING
	  	 BNP Paribas USA
	  	Performance	  	 	146.5	  
	 S31445T
	  	 Compass Bank N.A.
	  	Performance	  	 	6,868.2	  
	 CPCS-406366
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	61.0	  
	 CPCS-422603
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	119.1	  
	 CPCS-422609
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	907.2	  
	 CPCS-482803
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	255.0	  
	 CPCS-523543
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	119.0	  
	 CPCS-524598
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	91.0	  
	 CPCS-537709
	  	 JPMorgan Chase Bank N.A.
	  	Performance	  	 	383.6	  
	 SLCPPDX05105
	  	 U.S. Bank N.A.
	  	Performance	  	 	70,000.0	  
	 NTS664720
	  	 Wells Fargo Bank N.A.
	  	Performance	  	 	3,194.9	  
	 CPCS-482085
	  	 JPMorgan Chase Bank N.A.
	  	Financial	  	 	10.1	  
	 CPCS-482852
	  	 JPMorgan Chase Bank N.A.
	  	Financial	  	 	10.1	  
	 IS0013477
	  	 Wells Fargo Bank N.A.
	  	Financial	  	 	4,366.1	  
	 NTS661771
	  	 Wells Fargo Bank N.A.
	  	Financial	  	 	12,610.8	  
		  		  		  	  
	  
	 
	 LETTER OF CREDIT UTILIZATION 
	  		  	 	260,882.9	  
	 Revolver Foreign Currency Adjustment
	  		  	 	3,915.2	  
		  		  		  	  
	  
	 
	 TOTAL UTILIZATION 
	  		  	 	264,798.1	  
		  		  		  	  
	  
	 


  
 CB&I 

SCHEDULES TO REVOLVING CREDIT AGREEMENT 







 SCHEDULE 6.7 
 LITIGATION 
 We have been and may from time to time be named
as a defendant in legal actions claiming damages in connection with engineering and construction projects, technology licenses and other matters. These are typically claims that arise in the normal course of business, including employment-related
claims and contractual disputes or claims for personal injury or property damage which occur in connection with services performed relating to project or construction sites. Contractual disputes normally involve claims relating to the timely
completion of projects, performance of equipment or technologies, design or other engineering services or project construction services provided by us. We do not believe that any of our pending contractual, employment-related personal injury or
property damage claims and disputes will have a material adverse effect on our future results of operations, financial position or cash flow. 
 Asbestos Litigation—We are a defendant in lawsuits wherein plaintiffs allege exposure to asbestos due to work we may have performed at various locations. We have never been a manufacturer,
distributor or supplier of asbestos products. Over the past several decades and through September 30, 2012, we have been named a defendant in lawsuits alleging exposure to asbestos involving approximately 5,200 plaintiffs and, of those claims,
approximately 1,300 claims were pending and 3,900 have been closed through dismissals or settlements. Over the past several decades and through September 30, 2012, the claims alleging exposure to asbestos that have been resolved have been
dismissed or settled for an average settlement amount of approximately one thousand dollars per claim. We review each case on its own merits and make accruals based upon the probability of loss and our estimates of the amount of liability and
related expenses, if any. We do not believe that any unresolved asserted claims will have a material adverse effect on our future results of operations, financial position or cash flow, and, at September 30, 2012, we had approximately $1,600
accrued for liability and related expenses. 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. While we continue to pursue recovery for recognized and unrecognized contingent losses through insurance, indemnification arrangements or other sources, we are unable to quantify the amount, if any, that we may expect to recover
because of the variability in coverage amounts, limitations and deductibles, or the viability of carriers, with respect to our insurance policies for the years in question. 

  
 CB&I 

SCHEDULES TO REVOLVING CREDIT AGREEMENT 







 SCHEDULE 6.8 
 SUBSIDIARIES 
 See attached. 

  
 CB&I 

SCHEDULES TO REVOLVING CREDIT AGREEMENT 







 Dec 2012 - Subsidiaries and Ownership 

 

			
	User Name:	  	Cindy McMinn
	Report Run Date And Time:	  	12-10-2012 11:22:39 AM CST
	Entity Name Or Entity Favorite Name:	  	All Active Foreign and Domestic
	Template Name:	  	2010 - Subsidiaries and Ownership

 850 PINE STREET INC. 
 Delaware 
 Entity Vitals 

 

			
	Entity Name	  	850 PINE STREET INC.
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	04-20-2006
	Federal Tax ID	  	20-4730297
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

 

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000.0000
	# Shares Issued	  	1,000.0000
	# Outstanding	  	1,000.0000

 Capital Structure - Derivative 
 There are no entries in this list  
 Owners  

 

											
	Owner Name	  	Security Name	  	Balance	  	Percent
Owned	  	Underlying Security	  	Ownership
Form
	 CB&I Tyler Company
	  	Common Shares	  	1,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and Ownership for 850 PINE STREET INC. 

  
 Page 1 of 147








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

Texas 
 Entity Vitals 

 

			
	Entity Name	  	A & B Builders, Ltd (MANAGED BY MATRIX MANAGEMENT SERVICES, L.L.C.)
	Domestic Jurisdiction	  	Texas
	Country	  	United States
	Entity Type	  	Limited Partnership
	Formation Date	  	05-06-1985
	Federal Tax ID	  	76-0151187
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

 

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—
	# Shares Authorized	  	—
	# Shares Issued	  	—
	# Outstanding	  	—

 Capital Structure - Derivative  
 There are no entries in this list  
 Owners  

 

											
	Owner Name	  	Security Name	  	Balance	  	Percent
Owned	  	Underlying Security	  	Ownership
Form
	Matrix Engineering, Ltd. (MANAGED BY HOWE-BAKER INTERNATIONAL MANAGEMENT, L.L.C.)	  	Percentage Ownership Interest	  	99.000000	  	99.000000	  	—  	  	Direct
	Matrix Management Services, L.L.C.	  	Percentage Ownership Interest	  	1.000000	  	1.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and Ownership for A & B Builders, Ltd (MANAGED BY MATRIX MANAGEMENT
SERVICES, L.L.C.) 

  
 Page 2 of 147








 Arabian CBI Ltd. 
 Saudi Arabia 
 Entity Vitals  

 

			
	Entity Name	  	Arabian CBI Ltd.
	Domestic Jurisdiction	  	Saudi Arabia
	Country	  	Saudi Arabia
	Entity Type	  	Other
	Formation Date	  	07-24-1976
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative  

 

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	400.0000
	# Shares Issued	  	400.0000
	# Outstanding	  	400.0000

 Capital Structure - Derivative  
 There are no entries in this list  
 Owners  

 

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Alfadl, Abdullah Ibrahim A.	  	Common Shares	  	30.000000	  	7.500000	  	—  	  	Direct
	Alfadl, Saleh Abdullah	  	Common Shares	  	70.000000	  	17.500000	  	—  	  	Direct
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	300.000000	  	75.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Arabian CBI Ltd. 

  
 Page 3 of 147








 Arabian CBI Tank Manufacturing Company Ltd. 
 Saudi Arabia 
 Entity Vitals  

 

			
	Entity Name	  	Arabian CBI Tank Manufacturing Company Ltd.
	Domestic Jurisdiction	  	Saudi Arabia
	Country	  	Saudi Arabia
	Entity Type	  	Other
	Formation Date	  	12-15-1985
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative  

 

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	400.0000
	# Shares Issued	  	400.0000
	# Outstanding	  	400.0000

 Capital Structure - Derivative  
 There are no entries in this list  
 Owners  

 

											
	Owner Name	  	Security Name	  	Balance	  	Percent
Owned	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron Company B.V.	  	Common Shares	  	300.000000	  	75.000000	  	—  	  	Direct
	Commercial & Industrial Services Co. Ltd.	  	Common Shares	  	100.000000	  	25.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and Ownership for Arabian CBI Tank Manufacturing Company Ltd.


  
 Page 4 of 147








 Arabian Gulf Material Supply Company, Ltd. 
 Cayman Islands 
 Entity Vitals  

 

			
	Entity Name	  	Arabian Gulf Material Supply Company, Ltd.
	Domestic Jurisdiction	  	Cayman Islands
	Country	  	Cayman Islands
	Entity Type	  	Other
	Formation Date	  	12-18-1997
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative  

 

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	50,000.0000
	# Shares Issued	  	2.0000
	# Outstanding	  	2.0000

 Capital Structure - Derivative  
 There are no entries in this list  
 Owners  

 

											
	Owner Name	  	Security Name	  	Balance	  	Percent
Owned	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron (Antilles) N. V.	  	Common Shares	  	2.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and Ownership for Arabian Gulf Material Supply Company, Ltd.


  
 Page 5 of 147








 Asia Pacific Supply Co. 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	Asia Pacific Supply Co.
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	03-11-1985
	Federal Tax ID	  	36-3368217
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative  

 

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	100,000.0000
	# Shares Issued	  	100.0000
	# Outstanding	  	100.0000

 Capital Structure - Derivative

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	Percent
Owned	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron Company	  	Common Shares	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and Ownership for Asia Pacific Supply Co. 

  
 Page 6 of 147








 Atlantis Contractors Inc. 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	Atlantis Contractors Inc.
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	12-12-1972
	Federal Tax ID	  	36-2761226
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	100.0000
	# Shares Issued	  	100.0000
	# Outstanding	  	100.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	Percent
Owned	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron Company	  	Common Shares	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and Ownership for Atlantis Contractors Inc. 

  
 Page 7 of 147








 Cape Steel Material Supply Company, Ltd. 
 Cayman Islands 
 Entity Vitals  

 

			
	Entity Name	  	Cape Steel Material Supply Company, Ltd.
	Domestic Jurisdiction	  	Cayman Islands
	Country	  	British West Indies
	Entity Type	  	Other
	Formation Date	  	12-18-1997
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	50,000.0000
	# Shares Issued	  	2.0000
	# Outstanding	  	2.0000

 Capital Structure - Derivative 

There are no entries in this list  

Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
(Antilles) N. V.	  	Common Shares	  	2.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Cape Steel Material Supply Company, Ltd. 

  
 Page 8 of 147








 Catalytic Distillation Technologies 
 Texas 
 Entity Vitals  

 

			
	Entity Name	  	Catalytic Distillation Technologies
	Domestic Jurisdiction	  	Texas
	Country	  	United States
	Entity Type	  	General Partnership
	Formation Date	  	01-01-1111
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners 
 There are no entries in this list 

End of Dec 2012 - Subsidiaries and Ownership for Catalytic Distillation Technologies 

  
 Page 9 of 147








 CB&I (Nigeria) Limited 
 Nigeria 
 Entity Vitals 

 

			
	Entity Name	  	CB&I (Nigeria) Limited
	Domestic Jurisdiction	  	Nigeria
	Country	  	Nigeria
	Entity Type	  	Other
	Formation Date	  	07-23-1997
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	5,000,000.0000
	# Shares Issued	  	5,000,000.0000
	# Outstanding	  	5,000,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Europe B. V.	  	Common Shares	  	1.000000	  	0.000020	  	—  	  	Direct
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	4,999,999.000000	  	99.999980	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CB&I (Nigeria) Limited 

  
 Page 10 of 147








 CB&I Cairo, L.L.C. 
 Egypt 
 Entity Vitals 

 

			
	Entity Name	  	CB&I Cairo, L.L.C.
	Domestic Jurisdiction	  	Egypt
	Country	  	Egypt
	Entity Type	  	Other
	Formation Date	  	02-21-2007
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	144,050.0000
	# Shares Issued	  	144,050.0000
	# Outstanding	  	144,050.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Nederland B.V.	  	Common Shares	  	14,405.000000	  	10.000000	  	—  	  	Direct
	CB&I Oil & Gas Europe B.V.	  	Common Shares	  	129,645.000000	  	90.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CB&I Cairo, L.L.C. 

  
 Page 11 of 147








 CB&I Canada Ltd. 
 British Columbia 
 Entity Vitals 

 

			
	Entity Name	  	CB&I Canada Ltd.
	Domestic Jurisdiction	  	British Columbia
	Country	  	Canada
	Entity Type	  	Corporation
	Formation Date	  	04-19-2011
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	Unlimited
	# Shares Issued	  	100.0000
	# Outstanding	  	100.0000

 Capital Structure - Derivative

 There are no entries in this list  
 Owners 
 There are no entries in this list 

End of Dec 2012 - Subsidiaries and Ownership for CB&I Canada Ltd. 

  
 Page 12 of 147








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

Shanghai 
 Entity Vitals

  

			
	Entity Name	  	CB&I Engineering and Construction Consultant (Shanghai) Co. Ltd.
	Domestic Jurisdiction	  	Shanghai
	Country	  	China
	Entity Type	  	Other
	Formation Date	  	01-01-2005
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Capital Contributions
	Type	  	Common
	# Shares Authorized	  	140,000.0000
	# Shares Issued	  	140,000.0000
	# Outstanding	  	140,000.0000

 Capital Structure - Derivative

 There are no entries in this list  
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Europe B. V.	  	Capital Contributions	  	140,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CB&I Engineering and Construction Consultant (Shanghai) Co. Ltd. 

  
 Page 13 of 147








 CB&I Europe B. V. 
 The Netherlands 
 Entity Vitals  

 

			
	Entity Name	  	CB&I Europe B. V.
	Domestic Jurisdiction	  	The Netherlands
	Country	  	Netherlands
	Entity Type	  	Other
	Formation Date	  	08-04-1998
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	200.0000
	# Shares Issued	  	40.0000
	# Outstanding	  	40.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CMP Holdings B.V.	  	Common Shares	  	40.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CB&I Europe B. V. 

  
 Page 14 of 147








 CB&I Finance Company Limited 
 Dublin 
 Entity Vitals  

 

			
	Entity Name	  	CB&I Finance Company Limited
	Domestic Jurisdiction	  	Dublin
	Country	  	Ireland
	Entity Type	  	Other
	Formation Date	  	07-10-2003
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	100,000.0000
	# Shares Issued	  	2.0000
	# Outstanding	  	2.0000

 Capital Structure - Derivative 

There are no entries in this list  

Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	2.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CB&I Finance Company Limited 

  
 Page 15 of 147








 CB&I Holdings (U.K.) Limited 
 United Kingdom 
 Entity Vitals  

 

			
	Entity Name	  	CB&I Holdings (U.K.) Limited
	Domestic Jurisdiction	  	United Kingdom
	Country	  	England
	Entity Type	  	Other
	Formation Date	  	05-23-1991
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,001,000.0000
	# Shares Issued	  	1,000,001.0000
	# Outstanding	  	1,000,001.0000
		
	Security Name	  	Ordinary
	Type	  	Common
	# Shares Authorized	  	400,200,000.0000
	# Shares Issued	  	297,674,741.0000
	# Outstanding	  	297,674,741.0000

 Capital Structure - Derivative
 
 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	1,000,001.000000	  	100.000000	  	—  	  	Direct
	Chicago Bridge & Iron
Company B.V.	  	Ordinary	  	180,600,000.000000	  	60.670247	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CB&I Holdings (U.K.) Limited 

  
 Page 16 of 147








 CB&I HOLDINGS B.V. 
 Amsterdam 
 Entity Vitals  

 

			
	Entity Name	  	CB&I HOLDINGS B.V.
	Domestic Jurisdiction	  	Amsterdam
	Country	  	Netherlands
	Entity Type	  	Other
	Formation Date	  	03-21-2007
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Registered Shares
	Type	  	Common
	# Shares Authorized	  	9,000,000.0000
	# Shares Issued	  	1,800,000.0000
	# Outstanding	  	1,800,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company N.V.	  	Registered Shares	  	1,800,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CB&I HOLDINGS B.V. 

  
 Page 17 of 147








 CB&I HOUSTON 06 LLC 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	CB&I HOUSTON 06 LLC
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	06-30-2005
	Federal Tax ID	  	20-3197110
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I UK LIMITED	  	Percentage Ownership
Interest	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CB&I HOUSTON 06 LLC 

  
 Page 18 of 147








 CB&I HOUSTON 07 LLC 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	CB&I HOUSTON 07 LLC
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	06-30-2005
	Federal Tax ID	  	20-3197179
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative 

 There are no entries in this list 

Owners 
 There are no entries in this
list 
 End of Dec 2012 - Subsidiaries and Ownership for CB&I HOUSTON 07 LLC 

  
 Page 19 of 147








 CB&I HOUSTON 08 LLC 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	CB&I HOUSTON 08 LLC
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	06-30-2005
	Federal Tax ID	  	20-3197221
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I UK LIMITED	  	Percentage Ownership
Interest	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CB&I HOUSTON 08 LLC 

  
 Page 20 of 147








 CB&I HOUSTON 09 LLC 
 Delaware 
 Entity Vitals 

 

			
	Entity Name	  	CB&I HOUSTON 09 LLC
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	06-30-2005
	Federal Tax ID	  	20-3197315
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Tyler Company	  	Percentage Ownership
Interest	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CB&I HOUSTON 09 LLC 

  
 Page 21 of 147








 CB&I HOUSTON 10 LLC 
 Delaware 
 Entity Vitals 

 

			
	Entity Name	  	CB&I HOUSTON 10 LLC
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	06-30-2005
	Federal Tax ID	  	20-3197370
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I UK LIMITED	  	Percentage Ownership Interest	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CB&I HOUSTON 10 LLC 

  
 Page 22 of 147








 CB&I HOUSTON 11 LLC 
 Delaware 
 Entity Vitals 

 

			
	Entity Name	  	CB&I HOUSTON 11 LLC
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	06-30-2005
	Federal Tax ID	  	20-3197415
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Tyler Company	  	Percentage Ownership Interest	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CB&I HOUSTON 11 LLC 

  
 Page 23 of 147








 CB&I HOUSTON 12 LLC 
 Delaware 
 Entity Vitals 

 

			
	Entity Name	  	CB&I HOUSTON 12 LLC
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	06-30-2005
	Federal Tax ID	  	20-3197452
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I UK LIMITED	  	Percentage Ownership Interest	  	100.000000	  	100.000000	  	—  	  	Direct

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 CB&I HOUSTON 13 LLC 
 Delaware 
 Entity Vitals 

 

			
	Entity Name	  	CB&I HOUSTON 13 LLC
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	06-30-2005
	Federal Tax ID	  	20-3197532
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Tyler Company	  	Percentage Ownership Interest	  	100.000000	  	100.000000	  	—  	  	Direct

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 CB&I HOUSTON LLC 
 Delaware 
 Entity Vitals 

 

			
	Entity Name	  	CB&I HOUSTON LLC
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	06-16-2005
	Federal Tax ID	  	20-3197016
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I UK LIMITED	  	Percentage Ownership Interest	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
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 CB&I Hungary Holding Limited Liabiltiy Company (CBI Hungary Kft.) 

Hungary 
 Entity Vitals 

  

			
	Entity Name	  	CB&I Hungary Holding Limited Liabiltiy Company (CBI Hungary Kft.)
	Domestic Jurisdiction	  	Hungary
	Country	  	Hungary
	Entity Type	  	Other
	Formation Date	  	08-27-2001
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Registered Capital
	Type	  	Common
	# Shares Authorized	  	15,000.0000
	# Shares Issued	  	15,000.0000
	# Outstanding	  	15,000.0000

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
(Antilles) N. V.	  	Registered Capital	  	14,500.000000	  	96.666667	  	—  	  	Direct
	Chicago Bridge & Iron
Company B.V.	  	Registered Capital	  	500.000000	  	3.333333	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
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 CB&I Inc. 
 Texas 
 Entity Vitals 

 

			
	Entity Name	  	CB&I Inc.
	Domestic Jurisdiction	  	Texas
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	08-31-1979
	Federal Tax ID	  	36-3046868
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000,000.0000
	# Shares Issued	  	1,000,000.0000
	# Outstanding	  	1,000,000.0000
		
	Security Name	  	Preferred Shares
	Type	  	Common
	# Shares Authorized	  	125,000.0000
	# Shares Issued	  	0.0000
	# Outstanding	  	0.0000

 Capital Structure - Derivative 

There are no entries in this list 
 Owners

  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company	  	Common Shares	  	1,000,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
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 CB&I India Private Limited 
 India 
 Entity Vitals  

 

			
	Entity Name	  	CB&I India Private Limited
	Domestic Jurisdiction	  	India
	Country	  	India
	Entity Type	  	Private Limited Company
	Formation Date	  	04-01-2011
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	March 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Registered Shares
	Type	  	Common
	# Shares Authorized	  	50,000,000.0000
	# Shares Issued	  	21,359,858.0000
	# Outstanding	  	21,359,858.0000

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Oil & Gas Europe B.V.	  	Registered Shares	  	21,139,708.000000	  	98.969328	  	—  	  	Direct
	Chicago Bridge & Iron
Company B.V.	  	Registered Shares	  	220,150.000000	  	1.030672	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
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 CB&I LGOC/Techint Compania 
 England 
 Entity Vitals 

 

			
	Entity Name	  	CB&I LGOC/Techint Compania
	Domestic Jurisdiction	  	England
	Country	  	Trinidad And Tobago
	Entity Type	  	Joint Venture - Foreign
	Formation Date	  	03-11-2009
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative

 There are no entries in this list 
 Capital Structure - Derivative 
 There are no entries in this list 

Owners 
 There are no entries in this
list 
 End of Dec 2012 - Subsidiaries and Ownership for CB&I LGOC/Techint Compania 

  
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 CB&I London 
 London 
 Entity Vitals 

 

			
	Entity Name	  	CB&I London
	Domestic Jurisdiction	  	London
	Country	  	England
	Entity Type	  	Other
	Formation Date	  	03-05-2004
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Membership Units
	Type	  	Common
	# Shares Authorized	  	1.0000
	# Shares Issued	  	1.0000
	# Outstanding	  	1.0000

 Capital Structure - Derivative 

There are no entries in this list 
 Owners

  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Paddington Limited	  	Membership Units	  	1.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
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 CB&I Lummus Crest Ltd. 
 England 
 Entity Vitals  

 

			
	Entity Name	  	CB&I Lummus Crest Ltd.
	Domestic Jurisdiction	  	England
	Country	  	England
	Entity Type	  	Other
	Formation Date	  	07-09-1992
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000.0000
	# Shares Issued	  	1,000.0000
	# Outstanding	  	1,000.0000

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Nederland B.V.	  	Common Shares	  	1,000.000000	  	100.000000	  	—  	  	Direct

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 CB&I Lummus Deutschland GmbH 
 GERMANY 
 Entity Vitals  

 

			
	Entity Name	  	CB&I Lummus Deutschland GmbH
	Domestic Jurisdiction	  	GERMANY
	Country	  	Germany
	Entity Type	  	Other
	Formation Date	  	12-18-1992
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Capitalization in Dollars
	Type	  	Common
	# Shares Authorized	  	50,000.0000
	# Shares Issued	  	50,000.0000
	# Outstanding	  	50,000.0000

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Lummus GmbH	  	Capitalization in Dollars	  	50,000.000000	  	100.000000	  	—  	  	Direct

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 CB&I Lummus Engineering & Technology China Co. Ltd. 

China 
 Entity Vitals  

 

			
	Entity Name	  	CB&I Lummus Engineering & Technology China Co. Ltd.
	Domestic Jurisdiction	  	China
	Country	  	China
	Entity Type	  	Other
	Formation Date	  	02-06-2002
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Capitalization in Dollars
	Type	  	Common
	# Shares Authorized	  	0.0000
	# Shares Issued	  	0.0000
	# Outstanding	  	0.0000

 Capital Structure - Derivative 

There are no entries in this list 
 Owners

 There are no entries in this list 
 End of Dec 2012 - Subsidiaries and Ownership for CB&I Lummus Engineering & Technology China Co. Ltd. 

  
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 CB&I Lummus GmbH 
 GERMANY 
 Entity Vitals  

 

			
	Entity Name	  	CB&I Lummus GmbH
	Domestic Jurisdiction	  	GERMANY
	Country	  	Germany
	Entity Type	  	Other
	Formation Date	  	05-06-1965
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Capitalization in DM
	Type	  	Common
	# Shares Authorized	  	2,600,000.0000
	# Shares Issued	  	2,600,000.0000
	# Outstanding	  	2,600,000.0000

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Oil & Gas Europe B.V.	  	Capitalization in DM	  	2,600,000.000000	  	100.000000	  	—  	  	Direct

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 CB&I Lummus Ltda. 
 Brazil 
 Entity Vitals  

 

			
	Entity Name	  	CB&I Lummus Ltda.
	Domestic Jurisdiction	  	Brazil
	Country	  	Brazil
	Entity Type	  	Other
	Formation Date	  	04-05-1974
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Capitalization in Rs
	Type	  	Common
	# Shares Authorized	  	32,012,387.0000
	# Shares Issued	  	32,012,387.0000
	# Outstanding	  	32,012,387.0000

 Capital Structure - Derivative

 There are no entries in this list 
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Lummus International
Corporation	  	Capitalization in Rs	  	2.000000	  	0.000006	  	—  	  	Direct
	Lummus Technology Inc.	  	Capitalization in Rs	  	32,012,385.000000	  	99.999994	  	—  	  	Direct

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 CB&I Malta Limited 
 Malta 
 Entity Vitals 

 

			
	Entity Name	  	CB&I Malta Limited
	Domestic Jurisdiction	  	Malta
	Country	  	Malta
	Entity Type	  	Other
	Formation Date	  	08-19-2002
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000,000.0000
	# Shares Issued	  	100,000.0000
	# Outstanding	  	100,000.0000

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Nederland B.V.	  	Common Shares	  	1.000000	  	0.001000	  	—  	  	Direct
	CB&I Oil & Gas Europe B.V.	  	Common Shares	  	99,999.000000	  	99.999000	  	—  	  	Direct

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 CB&I Mauritius 
 Mauritius 
 Entity Vitals  

 

			
	Entity Name	  	CB&I Mauritius
	Domestic Jurisdiction	  	Mauritius
	Country	  	Mauritius
	Entity Type	  	Other
	Formation Date	  	08-02-1994
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
 There are no entries in this list  
 Capital Structure - Derivative  
 There are no entries in this list  

Owners  
 There are no entries in this
list 
 End of Dec 2012 - Subsidiaries and Ownership for CB&I Mauritius 

  
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 CB&I Nederland B.V. 
 The Hague 
 Entity Vitals  

 

			
	Entity Name	  	CB&I Nederland B.V.
	Domestic Jurisdiction	  	The Hague
	Country	  	Netherlands
	Entity Type	  	Other
	Formation Date	  	12-07-1984
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	272,270.0000
	# Shares Issued	  	54,454.0000
	# Outstanding	  	54,454.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Oil & Gas Europe B.V.	  	Common Shares	  	54,454.000000	  	100.000000	  	—  	  	Direct

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 CB&I Oil & Gas Europe B.V. 
 The Hague 
 Entity Vitals  

 

			
	Entity Name	  	CB&I Oil & Gas Europe B.V.
	Domestic Jurisdiction	  	The Hague
	Country	  	Netherlands
	Entity Type	  	Other
	Formation Date	  	11-26-1990
	Federal Tax ID	  	802136278
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,115.0000
	# Shares Issued	  	225.0000
	# Outstanding	  	225.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	225.000000	  	100.000000	  	—  	  	Direct

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 CB&I Paddington Limited 
 London 
 Entity Vitals  

 

			
	Entity Name	  	CB&I Paddington Limited
	Domestic Jurisdiction	  	London
	Country	  	England
	Entity Type	  	Other
	Formation Date	  	03-04-2004
	Federal Tax ID	  	n/a
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	500,000,000.0000
	# Shares Issued	  	3,589,077.0000
	# Outstanding	  	3,589,077.0000

 Capital Structure - Derivative 

 There are no entries in this list 

Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Tyler Company	  	Common Shares	  	3,589,077.000000	  	100.000000	  	—  	  	Direct

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 CB&I Rusland B.V. 
 The Netherlands 
 Entity Vitals  

 

			
	Entity Name	  	CB&I Rusland B.V.
	Domestic Jurisdiction	  	The Netherlands
	Country	  	Netherlands
	Entity Type	  	Other
	Formation Date	  	09-26-2003
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	18,000.0000
	# Shares Issued	  	18,000.0000
	# Outstanding	  	18,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Oil & Gas Europe B.V.	  	Common Shares	  	18,000.000000	  	100.000000	  	—  	  	Direct

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 CB&I s.r.o. 
 Czech Republic 
 Entity Vitals  

 

			
	Entity Name	  	CB&I s.r.o.
	Domestic Jurisdiction	  	Czech Republic
	Country	  	Czech Republic
	Entity Type	  	Other
	Formation Date	  	10-24-1991
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	100,000.0000
	# Shares Issued	  	100,000.0000
	# Outstanding	  	100,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Oil & Gas Europe B.V.	  	Common Shares	  	100,000.000000	  	100.000000	  	—  	  	Direct

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 CB&I Singapore Pte. Ltd. 
 Singapore 
 Entity Vitals  

 

			
	Entity Name	  	CB&I Singapore Pte. Ltd.
	Domestic Jurisdiction	  	Singapore
	Country	  	Singapore
	Entity Type	  	Other
	Formation Date	  	01-19-1984
	Federal Tax ID	  	198400246W
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Capitalization in SGD
	Type	  	Common
	# Shares Authorized	  	550,000.0000
	# Shares Issued	  	527,802.0000
	# Outstanding	  	527,802.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying
Security	  	Ownership
Form
	CB&I Oil & Gas Europe B.V.	  	Capitalization in SGD	  	527,802.000000	  	100.000000	  	—  	  	Direct

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 CB&I Tyler Company 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	CB&I Tyler Company
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	06-13-2000
	Federal Tax ID	  	75-2905637
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000.0000
	# Shares Issued	  	1,000.0000
	# Outstanding	  	1,000.0000
		
	Security Name	  	Preferred Shares
	Type	  	Common
	# Shares Authorized	  	100.0000
	# Shares Issued	  	10.0000
	# Outstanding	  	10.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I WOODLANDS LLC	  	Preferred Shares	  	10.000000	  	100.000000	  	—  	  	Direct
	Chicago Bridge & Iron
Company	  	Common Shares	  	1,000.000000	  	100.000000	  	—  	  	Direct

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 CB&I UK LIMITED 
 London 
 Entity Vitals  

 

			
	Entity Name	  	CB&I UK LIMITED
	Domestic Jurisdiction	  	London
	Country	  	United Kingdom
	Entity Type	  	Other
	Formation Date	  	05-14-2002
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	207,200,000.0000
	# Shares Issued	  	117,074,741.0000
	# Outstanding	  	117,074,741.0000
		
	Security Name	  	Ordinary
	Type	  	Common
	# Shares Authorized	  	400,200,000.0000
	# Shares Issued	  	155,600,000.0000
	# Outstanding	  	155,600,000.0000
		
	Security Name	  	Ordinary Shares
	Type	  	Common
	# Shares Authorized	  	400,200,000.0000
	# Shares Issued	  	80,000,000.0000
	# Outstanding	  	80,000,000.0000
		
	Security Name	  	Registered Shares
	Type	  	Common
	# Shares Authorized	  	400,200,000.0000
	# Shares Issued	  	25,000,000.0000
	# Outstanding	  	25,000,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
(Antilles) N. V.	  	Common Shares	  	1.000000	  	0.000001	  	—  	  	Direct
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	117,074,740.000000	  	99.999999	  	—  	  	Direct
	Chicago Bridge & Iron
Company B.V.	  	Ordinary	  	155,600,000.000000	  	100.000000	  	—  	  	Direct

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 CB&I UK/Techint International Construction 

England 
 Entity Vitals

  

			
	Entity Name	  	CB&I UK/Techint International Construction
	Domestic Jurisdiction	  	England
	Country	  	Trinidad And Tobago
	Entity Type	  	Joint Venture - Foreign
	Formation Date	  	03-11-2009
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—

 Capital Structure - Non-Derivative 

 There are no entries in this list  
 Capital Structure - Derivative  
 There are no entries in this list  

Owners  
 There are no entries in this
list 
 End of Dec 2012 - Subsidiaries and Ownership for CB&I UK/Techint International Construction 

  
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 CB&I WOODLANDS LLC 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	CB&I WOODLANDS LLC
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	03-01-2004
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	January 3

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Tyler Company	  	Percentage Ownership
Interest	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CB&I WOODLANDS LLC 

  
 Page 48 of 147








 CBI (Malaysia) Sdn. Bhd. 
 Malaysia 
 Entity Vitals  

 

			
	Entity Name	  	CBI (Malaysia) Sdn. Bhd.
	Domestic Jurisdiction	  	Malaysia
	Country	  	Malaysia
	Entity Type	  	Other
	Formation Date	  	12-03-1980
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	5,000,000.0000
	# Shares Issued	  	1,674,000.0000
	# Outstanding	  	1,674,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Bin Ali, Datuk Abdullah	  	Common Shares	  	421,000.000000	  	25.149343	  	—  	  	Direct
	Bin Ali, Haji Sulaiman	  	Common Shares	  	140,000.000000	  	8.363202	  	—  	  	Direct
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	1,065,000.000000	  	63.620072	  	—  	  	Direct
	Rais Nor, Abdul Mohammad	  	Common Shares	  	30,000.000000	  	1.792115	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI (Malaysia) Sdn. Bhd. 

  
 Page 49 of 147








 CBI (Philippines) Inc. 
 Philippines 
 Entity Vitals  

 

			
	Entity Name	  	CBI (Philippines) Inc.
	Domestic Jurisdiction	  	Philippines
	Country	  	Philippines
	Entity Type	  	Other
	Formation Date	  	03-23-1962
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	2,000,000.0000
	# Shares Issued	  	1,200,000.0000
	# Outstanding	  	1,200,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Badong, Orlando B.	  	Common Shares	  	1.000000	  	0.000083	  	—  	  	Direct
	Bennett, Peter K.	  	Common Shares	  	1.000000	  	0.000083	  	—  	  	Direct
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	1,199,993.000000	  	99.999417	  	—  	  	Direct
	Dizon, Rommel N.	  	Common Shares	  	1.000000	  	0.000083	  	—  	  	Direct
	Loft, Geoffrey Ronald	  	Common Shares	  	1.000000	  	0.000083	  	—  	  	Direct
	Santos, Leonila M.	  	Common Shares	  	1.000000	  	0.000083	  	—  	  	Direct
	Uy, Romulo J.	  	Common Shares	  	1.000000	  	0.000083	  	—  	  	Direct
	Willard, Douglas Arthur	  	Common Shares	  	1.000000	  	0.000083	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI (Philippines) Inc. 

  
 Page 50 of 147








 CBI (Thailand) Limited 
 Bangkok Metropolis, Thailand 
 Entity Vitals  

 

			
	Entity Name	  	CBI (Thailand) Limited
	Domestic Jurisdiction	  	Bangkok Metropolis, Thailand
	Country	  	Thailand
	Entity Type	  	Other
	Formation Date	  	07-30-1993
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000,000.0000
	# Shares Issued	  	1,000,000.0000
	# Outstanding	  	1,000,000.0000

 Capital Structure - Derivative 

 There are no entries in this list 

Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CBIT I, LLC	  	Common Shares	  	499,998.000000	  	49.999800	  	—  	  	Direct
	CBIT II, LLC	  	Common Shares	  	1.000000	  	0.000100	  	—  	  	Direct
	CBIT III, LLC	  	Common Shares	  	1.000000	  	0.000100	  	—  	  	Direct
	CBIT IV, LLC	  	Common Shares	  	1.000000	  	0.000100	  	—  	  	Direct
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	499,998.000000	  	49.999800	  	—  	  	Direct
	Han, Pin-Chung	  	Common Shares	  	1.000000	  	0.000100	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
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 Page 51 of 147








 CBI Americas Ltd. 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	CBI Americas Ltd.
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	11-04-2004
	Federal Tax ID	  	20-1973526
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	10,000.0000
	# Shares Issued	  	10,000.0000
	# Outstanding	  	10,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company	  	Common Shares	  	10,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI Americas Ltd. 

  
 Page 52 of 147








 CBI Aruba N.V. 
 ARUBA 
 Entity Vitals  

 

			
	Entity Name	  	CBI Aruba N.V.
	Domestic Jurisdiction	  	ARUBA
	Country	  	Aruba
	Entity Type	  	Other
	Formation Date	  	08-04-2005
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	500.0000
	# Shares Issued	  	100.0000
	# Outstanding	  	100.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI Aruba N.V. 

  
 Page 53 of 147








 CBI Bahamas Limited 
 Bahamas 
 Entity Vitals  

 

			
	Entity Name	  	CBI Bahamas Limited
	Domestic Jurisdiction	  	Bahamas
	Country	  	Bahamas
	Entity Type	  	Other
	Formation Date	  	04-05-2004
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	5,000.0000
	# Shares Issued	  	5,000.0000
	# Outstanding	  	5,000.0000

 Capital Structure - Derivative

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
(Antilles) N. V.	  	Common Shares	  	5,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI Bahamas Limited 

  
 Page 54 of 147








 CBI Caribe, Ltd. 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	CBI Caribe, Ltd.
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	08-15-1969
	Federal Tax ID	  	51-0109090
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	3,500.0000
	# Shares Issued	  	3,500.0000
	# Outstanding	  	3,500.0000

 Capital Structure - Derivative

 There are no entries in this list Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company	  	Common Shares	  	2,128.000000	  	60.800000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI Caribe, Ltd. 

  
 Page 55 of 147








 CBI Colombiana S.A. 
 Cartagena 
 Entity Vitals 

 

			
	Entity Name	  	CBI Colombiana S.A.
	Domestic Jurisdiction	  	Cartagena
	Country	  	Colombia
	Entity Type	  	Other
	Formation Date	  	10-25-2007
	Federal Tax ID	  	900190385
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	500,000,000.0000
	# Shares Issued	  	169,986,701.0000
	# Outstanding	  	169,986,701.0000

 Capital Structure - Derivative

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Calcedo, Jaime Eduardo
Trujillo	  	Common Shares	  	0.001000	  	0.000000	  	—  	  	Direct
	Carvajal, Martha Tatiana
Garces	  	Common Shares	  	0.001000	  	0.000000	  	—  	  	Direct
	CBI Bahamas Limited	  	Common Shares	  	8,499,349.000000	  	5.000008	  	—  	  	Direct
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	161,487,351.997000	  	94.999992	  	—  	  	Direct
	Montgomery, Clare	  	Common Shares	  	0.001000	  	0.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
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 Page 56 of 147








 CBI Company Ltd. 
 Delaware 
 Entity Vitals 

 

			
	Entity Name	  	CBI Company Ltd.
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	10-11-1945
	Federal Tax ID	  	36-2196189
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	10,000.0000
	# Shares Issued	  	5,310.0000
	# Outstanding	  	5,310.0000

 Capital Structure - Derivative

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company	  	Common Shares	  	5,310.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI Company Ltd. 

  
 Page 57 of 147








 CBI Construcciones S.A. 
 Argentina 
 Entity Vitals 

 

			
	Entity Name	  	CBI Construcciones S.A.
	Domestic Jurisdiction	  	Argentina
	Country	  	Argentina
	Entity Type	  	Other
	Formation Date	  	12-12-1996
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000,000.0000
	# Shares Issued	  	1,000,000.0000
	# Outstanding	  	1,000,000.0000

 Capital Structure - Derivative

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
(Antilles) N. V.	  	Common Shares	  	50,000.000000	  	5.000000	  	—  	  	Direct
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	950,000.000000	  	95.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI Construcciones S.A. 

  
 Page 58 of 147








 CBI Constructors (PNG) Pty. Limited 
 Papua New Guinea 
 Entity Vitals 

 

			
	Entity Name	  	CBI Constructors (PNG) Pty. Limited
	Domestic Jurisdiction	  	Papua New Guinea
	Country	  	Papua New Guinea
	Entity Type	  	Other
	Formation Date	  	05-31-1989
	Federal Tax ID	  	TC 34203
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	100,000.0000
	# Shares Issued	  	100,000.0000
	# Outstanding	  	100,000.0000

 Capital Structure - Derivative 

 There are no entries in this list 

Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CBI Constructors Pty. Ltd.	  	Common Shares	  	100,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
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 Page 59 of 147








 CBI Constructors FZE 
 Dubai 
 Entity Vitals 

 

			
	Entity Name	  	CBI Constructors FZE
	Domestic Jurisdiction	  	Dubai
	Country	  	United Arab Emirates
	Entity Type	  	Other
	Formation Date	  	11-18-2000
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1.0000
	# Shares Issued	  	1.0000
	# Outstanding	  	1.0000

 Capital Structure - Derivative 

There are no entries in this list  

Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
(Antilles) N. V.	  	Common Shares	  	1.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
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 Page 60 of 147








 CBI Constructors Limited 
 United Kingdom 
 Entity Vitals 

 

			
	Entity Name	  	CBI Constructors Limited
	Domestic Jurisdiction	  	United Kingdom
	Country	  	United Kingdom
	Entity Type	  	Other
	Formation Date	  	12-04-1954
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	200,000.0000
	# Shares Issued	  	163,536.0000
	# Outstanding	  	163,536.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Holdings (U.K.)
Limited	  	Common Shares	  	163,536.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
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 Page 61 of 147








 CBI Constructors Pty. Ltd. 
 New South Wales 
 Entity Vitals  

 

			
	Entity Name	  	CBI Constructors Pty. Ltd.
	Domestic Jurisdiction	  	New South Wales
	Country	  	Australia
	Entity Type	  	Other
	Formation Date	  	02-23-1968
	Federal Tax ID	  	80-976282
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	500,000.0000
	# Shares Issued	  	302,623.0000
	# Outstanding	  	302,623.0000

 Capital Structure - Derivative

 There are no entries in this list  
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	302,623.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
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 Page 62 of 147








 CBI Constructors S.A. (Proprietary) Limited 
 South Africa 
 Entity Vitals 

 

			
	Entity Name	  	CBI Constructors S.A. (Proprietary) Limited
	Domestic Jurisdiction	  	South Africa
	Country	  	South Africa
	Entity Type	  	Other
	Formation Date	  	09-07-1960
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	275,000.0000
	# Shares Issued	  	263,000.0000
	# Outstanding	  	263,000.0000

 Capital Structure - Derivative

 There are no entries in this list  
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	Percent Owned	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	263,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
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 Page 63 of 147








 CBI Costa Rica, S.A. 
 Costa Rica 
 Entity Vitals 

 

			
	Entity Name	  	CBI Costa Rica, S.A.
	Domestic Jurisdiction	  	Costa Rica
	Country	  	Costa Rica
	Entity Type	  	Corporation
	Formation Date	  	11-13-2009
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	2,000.0000
	# Shares Issued	  	2,000.0000
	# Outstanding	  	2,000.0000

 Capital Structure - Derivative

 There are no entries in this list  
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	1,999.000000	  	99.950000	  	—  	  	Direct
	CMP Holdings B.V.	  	Common Shares	  	1.000000	  	0.050000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI Costa Rica, S.A. 

  
 Page 64 of 147








 CBI de Nicaragua, Sociedad Anónima 
 Nicaragua 
 Entity Vitals  

 

			
	Entity Name	  	CBI de Nicaragua, Sociedad Anónima
	Domestic Jurisdiction	  	Nicaragua
	Country	  	Nicaragua
	Entity Type	  	Other
	Formation Date	  	10-20-1998
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	June 30

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000.0000
	# Shares Issued	  	1,000.0000
	# Outstanding	  	1,000.0000

 Capital Structure - Derivative

 There are no entries in this list 
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CBI Caribe, Ltd.	  	Common Shares	  	1.000000	  	0.100000	  	—  	  	Direct
	CBI Company Ltd.	  	Common Shares	  	998.000000	  	99.800000	  	—  	  	Direct
	Chicago Bridge & Iron
Company	  	Common Shares	  	1.000000	  	0.100000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI de Nicaragua, Sociedad Anónima 

  
 Page 65 of 147








 CBI de Venezuela, C. A. 
 Venezuela 
 Entity Vitals  

 

			
	Entity Name	  	CBI de Venezuela, C. A.
	Domestic Jurisdiction	  	Venezuela
	Country	  	Venezuela
	Entity Type	  	Other
	Formation Date	  	09-07-1972
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	2,505,000.0000
	# Shares Issued	  	2,505,000.0000
	# Outstanding	  	2,505,000.0000

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company	  	Common Shares	  	25,050.000000	  	1.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI de Venezuela, C. A. 

  
 Page 66 of 147








 CBI Dominicana, SRL 
 Dominican Republic 
 Entity Vitals  

 

			
	Entity Name	  	CBI Dominicana, SRL
	Domestic Jurisdiction	  	Dominican Republic
	Country	  	Dominican Republic
	Entity Type	  	Corporation
	Formation Date	  	06-16-2008
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Ordinary Shares
	Type	  	Common
	# Shares Authorized	  	6,900.0000
	# Shares Issued	  	6,900.0000
	# Outstanding	  	6,900.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Browning, Walter G.	  	Ordinary Shares	  	1.000000	  	0.014493	  	—  	  	Direct
	Canals, Cesar E.	  	Ordinary Shares	  	1.000000	  	0.014493	  	—  	  	Direct
	Chicago Bridge & Iron
Company B.V.	  	Ordinary Shares	  	6,894.000000	  	99.913043	  	—  	  	Direct
	Lopez, Sergio	  	Ordinary Shares	  	1.000000	  	0.014493	  	—  	  	Direct
	Novak, Timothy	  	Ordinary Shares	  	1.000000	  	0.014493	  	—  	  	Direct
	Rector, Ronald B.	  	Ordinary Shares	  	1.000000	  	0.014493	  	—  	  	Direct
	Schmidt, Kenneth L.	  	Ordinary Shares	  	1.000000	  	0.014493	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI Dominicana, SRL 

  
 Page 67 of 147








 CBI Eastern Anstalt 
 Vaduz, Liechtenstein 
 Entity Vitals  

 

			
	Entity Name	  	CBI Eastern Anstalt
	Domestic Jurisdiction	  	Vaduz, Liechtenstein
	Country	  	Liechtenstein
	Entity Type	  	Other
	Formation Date	  	12-21-1973
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1.0000
	# Shares Issued	  	1.0000
	# Outstanding	  	1.0000

 Capital Structure - Derivative 

There are no entries in this list  

Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	Percent Owned	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
(Antilles) N. V.	  	Common Shares	  	1.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI Eastern Anstalt 

  
 Page 68 of 147








 CBI Jamaica Limited 
 JAMAICA 
 Entity Vitals  

 

			
	Entity Name	  	CBI Jamaica Limited
	Domestic Jurisdiction	  	JAMAICA
	Country	  	Jamaica
	Entity Type	  	Other
	Formation Date	  	07-20-2005
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	5,000.0000
	# Shares Issued	  	5,000.0000
	# Outstanding	  	5,000.0000

 Capital Structure - Derivative 

 There are no entries in this list 

Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	Percent Owned	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	5,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI Jamaica Limited 

  
 Page 69 of 147








 CBI Luxembourg S.a.r.l. 
 Luxembourg 
 Entity Vitals  

 

			
	Entity Name	  	CBI Luxembourg S.a.r.l.
	Domestic Jurisdiction	  	Luxembourg
	Country	  	Luxembourg
	Entity Type	  	Other
	Formation Date	  	04-23-2003
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	800.0000
	# Shares Issued	  	800.0000
	# Outstanding	  	800.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	800.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI Luxembourg S.a.r.l. 

  
 Page 70 of 147








 CBI Montajes de Chile Limitada 
 Chile 
 Entity Vitals  

 

			
	Entity Name	  	CBI Montajes de Chile Limitada
	Domestic Jurisdiction	  	Chile
	Country	  	Chile
	Entity Type	  	Other
	Formation Date	  	11-22-2005
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Class A Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000.0000
	# Shares Issued	  	1,000.0000
	# Outstanding	  	1,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
(Antilles) N. V.	  	Class A Common Shares	  	10.000000	  	1.000000	  	—  	  	Direct
	Chicago Bridge & Iron
Company B.V.	  	Class A Common Shares	  	990.000000	  	99.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI Montajes de Chile Limitada 

  
 Page 71 of 147








 CBI Overseas, LLC 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	CBI Overseas, LLC
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	03-17-1997
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners 
 There are no entries in this list 

End of Dec 2012 - Subsidiaries and Ownership for CBI Overseas, LLC 

  
 Page 72 of 147








 CBI Panama, S.A. 
 Panama 
 Entity Vitals  

 

			
	Entity Name	  	CBI Panama, S.A.
	Domestic Jurisdiction	  	Panama
	Country	  	Panama
	Entity Type	  	Other
	Formation Date	  	12-20-2007
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000.0000
	# Shares Issued	  	1,000.0000
	# Outstanding	  	1,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	1,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI Panama, S.A. 

  
 Page 73 of 147








 CBI Peruana SAC 
 Peru 
 Entity Vitals  

 

			
	Entity Name	  	CBI Peruana SAC
	Domestic Jurisdiction	  	Peru
	Country	  	Peru
	Entity Type	  	Other
	Formation Date	  	10-10-2006
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	5,000.0000
	# Shares Issued	  	5,000.0000
	# Outstanding	  	5,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Cedeno, Cipriano	  	Common Shares	  	0.010000	  	0.000200	  	—  	  	Direct
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	4,999.990000	  	99.999800	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI Peruana SAC 

  
 Page 74 of 147








 CBI Services, Inc. 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	CBI Services, Inc.
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	06-24-1985
	Federal Tax ID	  	36-3369071
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000,000.0000
	# Shares Issued	  	11,000.0000
	# Outstanding	  	11,000.0000
		
	Security Name	  	Preferred Shares
	Type	  	Common
	# Shares Authorized	  	100,000.0000
	# Shares Issued	  	22,202.0000
	# Outstanding	  	22,202.0000
		
	Security Name	  	Preferred Shares Series B
	Type	  	Common
	# Shares Authorized	  	48,000.0000
	# Shares Issued	  	8,000.0000
	# Outstanding	  	8,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company	  	Common Shares	  	11,000.000000	  	100.000000	  	—  	  	Direct
	Horton CBI, Limited	  	Preferred Shares	  	22,202.000000	  	100.000000	  	—  	  	Direct
	Horton CBI, Limited	  	Preferred Shares Series B	  	8,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI Services, Inc. 

  
 Page 75 of 147








 CBI Venezolana, S. A. 
 Venezuela 
 Entity Vitals  

 

			
	Entity Name	  	CBI Venezolana, S. A.
	Domestic Jurisdiction	  	Venezuela
	Country	  	Venezuela
	Entity Type	  	Other
	Formation Date	  	09-09-1985
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,190,000,000.0000
	# Shares Issued	  	17,200.0000
	# Outstanding	  	17,200.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	17,200.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBI Venezolana, S. A. 

  
 Page 76 of 147








 CBIT I, LLC 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	CBIT I, LLC
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	08-28-2007
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Percentage Ownership
Interest	  	49.000000	  	49.000000	  	—  	  	Direct
	Lopez, Sergio	  	Percentage Ownership
Interest	  	26.000000	  	26.000000	  	—  	  	Direct
	Reyes, Luciano	  	Percentage Ownership
Interest	  	25.000000	  	25.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBIT I, LLC 

  
 Page 77 of 147








 CBIT II, LLC 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	CBIT II, LLC
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	08-28-2007
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Percentage Ownership
Interest	  	49.000000	  	49.000000	  	—  	  	Direct
	Lopez, Sergio	  	Percentage Ownership
Interest	  	26.000000	  	26.000000	  	—  	  	Direct
	Reyes, Luciano	  	Percentage Ownership
Interest	  	25.000000	  	25.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBIT II, LLC 

  
 Page 78 of 147








 CBIT III, LLC 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	CBIT III, LLC
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	08-28-2007
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Percentage Ownership
Interest	  	49.000000	  	49.000000	  	—  	  	Direct
	Lopez, Sergio	  	Percentage Ownership
Interest	  	26.000000	  	26.000000	  	—  	  	Direct
	Reyes, Luciano	  	Percentage Ownership
Interest	  	25.000000	  	25.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBIT III, LLC 

  
 Page 79 of 147








 CBIT IV, LLC 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	CBIT IV, LLC
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	08-28-2007
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Percentage Ownership
Interest	  	49.000000	  	49.000000	  	—  	  	Direct
	Lopez, Sergio	  	Percentage Ownership
Interest	  	26.000000	  	26.000000	  	—  	  	Direct
	Reyes, Luciano	  	Percentage Ownership
Interest	  	25.000000	  	25.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CBIT IV, LLC 

  
 Page 80 of 147








 CDTECH International Corporation 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	CDTECH International Corporation
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	07-25-2001
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000.0000
	# Shares Issued	  	1,000.0000
	# Outstanding	  	1,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Catalytic Distillation
Technologies	  	Common Shares	  	1,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CDTECH International Corporation 

  
 Page 81 of 147








 Central Trading Company, Ltd. 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	Central Trading Company, Ltd.
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	12-09-1988
	Federal Tax ID	  	36-3621439
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000.0000
	# Shares Issued	  	1,000.0000
	# Outstanding	  	1,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company	  	Common Shares	  	1,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Central Trading Company, Ltd. 

  
 Page 82 of 147








 Chemical Research & Licensing Company 

Texas 
 Entity Vitals  

 

			
	Entity Name	  	Chemical Research & Licensing Company
	Domestic Jurisdiction	  	Texas
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	05-19-1978
	Federal Tax ID	  	1-74-2051170 - 5
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—

 Capital Structure - Non-Derivative  

 

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	300,000.0000
	# Shares Issued	  	40,000.0000
	# Outstanding	  	40,000.0000

 Capital Structure - Derivative 
 There are no entries in this list  
 Owners  

There are no entries in this list 

End of Dec 2012 - Subsidiaries and Ownership for Chemical Research & Licensing Company 

  
 Page 83 of 147








 Chevron Lummus Global L.L.C. 
 Delaware 
 Entity Vitals 

 

			
	Entity Name	  	Chevron Lummus Global L.L.C.
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	04-01-1994
	Federal Tax ID	  	94-3204240
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative  

 

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative  
 There are no entries in this list  
 Owners  

 

											
	Owner Name	  	Security Name	  	Balance	  	Percent
Owned	  	Underlying Security	  	Ownership
Form
	 Lummus Catalyst Company Ltd.
	  	 Percentage Ownership Interest
	  	50.000000	  	50.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and Ownership for Chevron Lummus Global L.L.C. 

  
 Page 84 of 147








 Chicago Bridge & Iron (Antilles) N. V. 

Curacao 
 Entity Vitals 

  

			
	Entity Name	  	Chicago Bridge & Iron (Antilles) N. V.
	Domestic Jurisdiction	  	Curacao
	Country	  	Netherlands Antilles
	Entity Type	  	Other
	Formation Date	  	04-15-1996
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

 

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	30,000.0000
	# Shares Issued	  	6,000.0000
	# Outstanding	  	6,000.0000

 Capital Structure - Derivative  
 There are no entries in this list  
 Owners 

 

											
	Owner Name	  	Security Name	  	Balance	  	Percent
Owned	  	Underlying Security	  	Ownership
Form
	 Chicago Bridge & Iron
 Company B.V.
	  	Common Shares	  	6,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Chicago Bridge & Iron (Antilles) N. V. 

  
 Page 85 of 147








 Chicago Bridge & Iron Company 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	Chicago Bridge & Iron Company
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	01-10-1996
	Federal Tax ID	  	06-1477022
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

 

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	3,000.0000
	# Shares Issued	  	100.0000
	# Outstanding	  	100.0000

 Capital Structure - Derivative  
 There are no entries in this list 
 Owners 

 

											
	Owner Name	  	Security Name	  	Balance	  	Percent
Owned	  	Underlying Security	  	Ownership
Form
	 CB&I HOLDINGS B.V.
	  	 Common Shares
	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and Ownership for Chicago Bridge & Iron Company 


  
 Page 86 of 147








 Chicago Bridge & Iron Company 
 Illinois 
 Entity Vitals  

 

			
	Entity Name	  	Chicago Bridge & Iron Company
	Domestic Jurisdiction	  	Illinois
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	08-08-1889
	Federal Tax ID	  	36-0897120
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

 

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000.0000
	# Shares Issued	  	1,000.0000
	# Outstanding	  	1,000.0000

 Capital Structure - Derivative 
 There are no entries in this list  
 Owners 

 

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company	  	Common Shares	  	1,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Chicago Bridge & Iron Company 

  
 Page 87 of 147








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

Oman 
 Entity Vitals  

 

			
	Entity Name	  	Chicago Bridge & Iron Company & Co. L.L.C.
	Domestic Jurisdiction	  	Oman
	Country	  	Oman
	Entity Type	  	Other
	Formation Date	  	04-22-2003
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	150,000.0000
	# Shares Issued	  	150,000.0000
	# Outstanding	  	150,000.0000

 Capital Structure - Derivative

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	Percent
Owned	  	Underlying Security	  	Ownership
Form
	 Al Bussaidy, Sayyid
 Slaem
Musallam Ali
	  	Common Shares	  	45,000.000000	  	30.000000	  	—  	  	Direct
	 Chicago Bridge & Iron
 Company B.V.
	  	Common Shares	  	105,000.000000	  	70.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Chicago Bridge & Iron Company & Co. L.L.C. 

  
 Page 88 of 147








 Chicago Bridge & Iron Company (Delaware) 

Delaware 
 Entity Vitals 

  

			
	Entity Name	  	Chicago Bridge & Iron Company (Delaware)
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	05-14-1979
	Federal Tax ID	  	36-3026565
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000.0000
	# Shares Issued	  	1,000.0000
	# Outstanding	  	1,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	Percent
Owned	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron Company	  	Common Shares	  	1,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Chicago Bridge & Iron Company (Delaware) 

  
 Page 89 of 147








 Chicago Bridge & Iron Company (Egypt) LLC 

Giza 
 Entity Vitals 

 

			
	Entity Name	  	Chicago Bridge & Iron Company (Egypt) LLC
	Domestic Jurisdiction	  	Giza
	Country	  	Egypt
	Entity Type	  	Other
	Formation Date	  	11-23-1999
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	2,000.0000
	# Shares Issued	  	2,000.0000
	# Outstanding	  	2,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	Percent
Owned	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron Company
B.V.	  	Common Shares	  	1,600.000000	  	80.000000	  	—  	  	Direct
	 Marco, Basil
	  	 Common Shares
	  	200.000000	  	10.000000	  	—  	  	Direct
	 Nassar, Mike
	  	 Common Shares
	  	200.000000	  	10.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and Ownership for Chicago Bridge & Iron Company (Egypt) LLC


  
 Page 90 of 147








 Chicago Bridge & Iron Company B.V. 
 The Netherlands 
 Entity Vitals  

 

			
	Entity Name	  	Chicago Bridge & Iron Company B.V.
	Domestic Jurisdiction	  	The Netherlands
	Country	  	Netherlands
	Entity Type	  	Other
	Formation Date	  	03-17-1997
	Federal Tax ID	  	805684372
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	200.0000
	# Shares Issued	  	50.0000
	# Outstanding	  	50.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	Percent
Owned	  	Underlying Security	  	Ownership
Form
	 Lealand Finance Company B.V.
	  	 Common Shares
	  	50.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and Ownership for Chicago Bridge & Iron Company B.V.


  
 Page 91 of 147








 Chicago Bridge & Iron Company N.V. 
 The Netherlands 
 Entity Vitals  

 

			
	Entity Name	  	Chicago Bridge & Iron Company N.V.
	Domestic Jurisdiction	  	The Netherlands
	Country	  	Netherlands
	Entity Type	  	Other
	Formation Date	  	11-22-1996
	Federal Tax ID	  	805684372
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	250,000,000.0000
	# Shares Issued	  	98,083,608.0000
	# Outstanding	  	98,083,608.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
 There are no entries in this list 

End of Dec 2012 - Subsidiaries and Ownership for Chicago Bridge & Iron Company N.V. 

  
 Page 92 of 147








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

Mexico 
 Entity Vitals 

  

			
	Entity Name	  	Chicago Bridge de México, S.A. de C.V.
	Domestic Jurisdiction	  	Mexico
	Country	  	Mexico
	Entity Type	  	Other
	Formation Date	  	01-13-1998
	Federal Tax ID	  	ACE-980113T61
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000.0000
	# Shares Issued	  	1,000.0000
	# Outstanding	  	1,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
(Antilles) N. V.	  	Common Shares	  	1.000000	  	0.100000	  	—  	  	Direct
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	999.000000	  	99.900000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Chicago Bridge de México, S.A. de C.V. 

  
 Page 93 of 147








 Chicago Bridge Servcios Petroleros S.A. 
 Bolivia 
 Entity Vitals 

 

			
	Entity Name	  	Chicago Bridge Servcios Petroleros S.A.
	Domestic Jurisdiction	  	Bolivia
	Country	  	Bolivia
	Entity Type	  	Corporation
	Formation Date	  	12-01-2011
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Ordinary Shares
	Type	  	Common
	# Shares Authorized	  	35.0000
	# Shares Issued	  	35.0000
	# Outstanding	  	35.0000

 Capital Structure - Derivative 

There are no entries in this list Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Europe B. V.	  	Ordinary Shares	  	1.000000	  	2.857143	  	—  	  	Direct
	Chicago Bridge & Iron
Company B.V.	  	Ordinary Shares	  	33.000000	  	94.285714	  	—  	  	Direct
	CMP Holdings B.V.	  	Ordinary Shares	  	1.000000	  	2.857143	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Chicago Bridge Servcios Petroleros S.A. 

  
 Page 94 of 147








 Chicago Bridge Uruguay S.A. 
 Uruguay 
 Entity Vitals 

 

			
	Entity Name	  	Chicago Bridge Uruguay S.A.
	Domestic Jurisdiction	  	Uruguay
	Country	  	Uruguay
	Entity Type	  	Other
	Formation Date	  	12-12-1996
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,050,000.0000
	# Shares Issued	  	262,500.0000
	# Outstanding	  	262,500.0000

 Capital Structure - Derivative

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	262,500.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Chicago Bridge Uruguay S.A. 

  
 Page 95 of 147








 CLG Technical Services LLC 
 Delaware 
 Entity Vitals 

 

			
	Entity Name	  	CLG Technical Services LLC
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	07-10-2002
	Federal Tax ID	  	20-3546217
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	100.0000
	# Shares Issued	  	10.0000
	# Outstanding	  	10.0000

 Capital Structure - Derivative 

There are no entries in this list  

Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chevron Lummus Global
L.L.C.	  	Common Shares	  	10.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CLG Technical Services LLC 

  
 Page 96 of 147








 CMP Holdings B.V. 
 The Netherlands 
 Entity Vitals 

 

			
	Entity Name	  	CMP Holdings B.V.
	Domestic Jurisdiction	  	The Netherlands
	Country	  	Netherlands
	Entity Type	  	Other
	Formation Date	  	07-22-1981
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	60,000,000.0000
	# Shares Issued	  	42,889,195.0000
	# Outstanding	  	42,889,195.0000

 Capital Structure - Derivative

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	42,889,195.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CMP Holdings B.V. 

  
 Page 97 of 147








 Constructora C.B.I. Limitada 
 Chile 
 Entity Vitals 

 

			
	Entity Name	  	Constructora C.B.I. Limitada
	Domestic Jurisdiction	  	Chile
	Country	  	Chile
	Entity Type	  	Other
	Formation Date	  	02-06-1987
	Federal Tax ID	  	—  
	Status	  	Active - Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	205,000.0000
	# Shares Issued	  	205,000.0000
	# Outstanding	  	205,000.0000

 Capital Structure - Derivative 

 There are no entries in this list 

Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CBI Company Ltd.	  	Common Shares	  	202,950.000000	  	99.000000	  	—  	  	Direct
	Chicago Bridge & Iron
Company	  	Common Shares	  	2,050.000000	  	1.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Constructora C.B.I. Limitada 

  
 Page 98 of 147








 Constructors International, L.L.C. 
 Delaware 
 Entity Vitals 

 

			
	Entity Name	  	Constructors International, L.L.C.
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	08-20-1974
	Federal Tax ID	  	75-2905207
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative

 There are no entries in this list  
 Owners 
 There are no entries in this list 

End of Dec 2012 - Subsidiaries and Ownership for Constructors International, L.L.C. 

  
 Page 99 of 147








 Crystal Acquisition Subsidiary Inc. 
 Louisiana 
 Entity Vitals 

 

			
	Entity Name	  	Crystal Acquisition Subsidiary Inc.
	Domestic Jurisdiction	  	Louisiana
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	07-17-2012
	Federal Tax ID	  	46-1073870
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	10,000.0000
	# Shares Issued	  	1,000.0000
	# Outstanding	  	1,000.0000

 Capital Structure - Derivative

 There are no entries in this list  
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company N.V.	  	Common Shares	  	1,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Crystal Acquisition Subsidiary Inc. 

  
 Page 100 of
147 







 CSA Trading Company Ltd. 
 Delaware 
 Entity Vitals 

 

			
	Entity Name	  	CSA Trading Company Ltd.
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	11-04-2004
	Federal Tax ID	  	20-1973663
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	10,000.0000
	# Shares Issued	  	10,000.0000
	# Outstanding	  	10,000.0000

 Capital Structure - Derivative

 There are no entries in this list  
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company	  	Common Shares	  	10,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CSA Trading Company Ltd. 

  
 Page 101 of
147 







 CSC Netherlands B.V. 
 Amsterdam 
 Entity Vitals 

 

			
	Entity Name	  	CSC Netherlands B.V.
	Domestic Jurisdiction	  	Amsterdam
	Country	  	Netherlands
	Entity Type	  	Private Limited Company
	Formation Date	  	11-29-2012
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	300,000.0000
	# Shares Issued	  	300,000.0000
	# Outstanding	  	300,000.0000

 Capital Structure - Derivative

 There are no entries in this list  
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Oil & Gas Europe B.V.	  	Common Shares	  	100,000.000000	  	33.333333	  	—  	  	Direct
	Chiyoda Corporation	  	Common Shares	  	100,000.000000	  	33.333333	  	—  	  	Direct
	Saipem International N.V.	  	Common Shares	  	100,000.000000	  	33.333333	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for CSC Netherlands B.V. 

  
 Page 102 of
147 







 Fibre Making Processes, Inc. 
 Illinois 
 Entity Vitals 

 

			
	Entity Name	  	Fibre Making Processes, Inc.
	Domestic Jurisdiction	  	Illinois
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	09-09-1916
	Federal Tax ID	  	94-1014317
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	750.0000
	# Shares Issued	  	750.0000
	# Outstanding	  	750.0000

 Capital Structure - Derivative

 There are no entries in this list  
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company	  	Common Shares	  	750.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Fibre Making Processes, Inc. 

  
 Page 103 of
147 







 HBI Holdings, LLC 
 Delaware 
 Entity Vitals 

 

			
	Entity Name	  	HBI Holdings, LLC
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	07-23-1999
	Federal Tax ID	  	75-2838623
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	 Ownership

Form

	Howe-Baker International Management,
LLC	  	Percentage
Ownership
Interest	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for HBI Holdings, LLC 

  
 Page 104 of
147 







 Highland Trading Company, Ltd. 
 Cayman Islands 
 Entity Vitals 

 

			
	Entity Name	  	Highland Trading Company, Ltd.
	Domestic Jurisdiction	  	Cayman Islands
	Country	  	British West Indies
	Entity Type	  	Other
	Formation Date	  	09-12-1989
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	September 11

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	50,000.0000
	# Shares Issued	  	2.0000
	# Outstanding	  	2.0000

 Capital Structure - Derivative 

There are no entries in this list  

Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company	  	Common Shares	  	2.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Highland Trading Company, Ltd. 

  
 Page 105 of
147 







 Horton CBI, Limited 
 Alberta 
 Entity Vitals  

 

			
	Entity Name	  	Horton CBI, Limited
	Domestic Jurisdiction	  	Alberta
	Country	  	Canada
	Entity Type	  	Corporation
	Formation Date	  	08-04-1916
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	65,000.0000
	# Shares Issued	  	64,979.0000
	# Outstanding	  	64,979.0000

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chasin, Phil	  	Common Shares	  	1.000000	  	0.001539	  	—  	  	Direct
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	64,965.000000	  	99.978455	  	—  	  	Direct
	Inman, William	  	Common Shares	  	13.000000	  	0.020006	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Horton CBI, Limited 

  
 Page 106 of
147 







 Howe-Baker Eastern Limited 
 United Kingdom 
 Entity Vitals 

 

			
	Entity Name	  	Howe-Baker Eastern Limited
	Domestic Jurisdiction	  	United Kingdom
	Country	  	United Kingdom
	Entity Type	  	Other
	Formation Date	  	11-06-2001
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000,000.0000
	# Shares Issued	  	1.0000
	# Outstanding	  	1.0000

 Capital Structure - Derivative 

There are no entries in this list 
 Owners

  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	1.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Howe-Baker Eastern Limited 

  
 Page 107 of
147 







 Howe-Baker Engineers, Ltd. 
 Texas 
 Entity Vitals  

 

			
	Entity Name	  	Howe-Baker Engineers, Ltd.
	Domestic Jurisdiction	  	Texas
	Country	  	United States
	Entity Type	  	Limited Partnership
	Formation Date	  	01-04-2001
	Federal Tax ID	  	75-2912742
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Howe-Baker Holdings, L.L.C.	  	Percentage Ownership
Interest	  	99.000000	  	99.000000	  	—  	  	Direct
	Howe-Baker Management,
L.L.C.	  	Percentage Ownership
Interest	  	1.000000	  	1.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Howe-Baker Engineers, Ltd. 

  
 Page 108 of
147 







 Howe-Baker Holdings, L.L.C. 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	Howe-Baker Holdings, L.L.C.
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	06-27-1974
	Federal Tax ID	  	75-2905206
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Howe-Baker International,
L.L.C.	  	Percentage Ownership
Interest	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Howe-Baker Holdings, L.L.C. 

  
 Page 109 of
147 







 Howe-Baker International Management, LLC 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	Howe-Baker International Management, LLC
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	07-23-1999
	Federal Tax ID	  	75-2838620
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Howe-Baker International,
L.L.C.	  	Percentage Ownership
Interest	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Howe-Baker International Management, LLC 

  
 Page 110 of
147 







 Howe-Baker International, L.L.C. 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	Howe-Baker International, L.L.C.
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	08-27-1980
	Federal Tax ID	  	75-2905191
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Inc.	  	Percentage Ownership
Interest	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Howe-Baker International, L.L.C. 

  
 Page 111 of
147 







 Howe-Baker Management, L.L.C. 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	Howe-Baker Management, L.L.C.
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	09-24-1998
	Federal Tax ID	  	75-2905212
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Howe-Baker Holdings, L.L.C.	  	Percentage Ownership
Interest	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Howe-Baker Management, L.L.C. 

  
 Page 112 of
147 







 Hua Lu Engineering Co., Ltd. 
 China 
 Entity Vitals  

 

			
	Entity Name	  	Hua Lu Engineering Co., Ltd.
	Domestic Jurisdiction	  	China
	Country	  	China
	Entity Type	  	Joint Venture - Foreign
	Formation Date	  	06-01-1985
	Federal Tax ID	  	3105600002317
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Membership Units
	Type	  	Preferred
	# Shares Authorized	  	100.0000
	# Shares Issued	  	100.0000
	# Outstanding	  	100.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Lummus Technology Inc.	  	Membership Units	  	50.000000	  	50.000000	  	—  	  	Direct
	SINOPEC (China
Petrochemical International
Company)	  	Membership Units	  	50.000000	  	50.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Hua Lu Engineering Co., Ltd. 

  
 Page 113 of
147 







 International Process Supply Company, Ltd 
 Cayman Islands 
 Entity Vitals  

 

			
	Entity Name	  	International Process Supply Company, Ltd
	Domestic Jurisdiction	  	Cayman Islands
	Country	  	British West Indies
	Entity Type	  	Other
	Formation Date	  	02-28-2002
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	50,000.0000
	# Shares Issued	  	50,000.0000
	# Outstanding	  	50,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
(Antilles) N. V.	  	Common Shares	  	50,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for International Process Supply Company, Ltd 

  
 Page 114 of
147 







 IOP Services 
 England 
 Entity Vitals  

 

			
	Entity Name	  	IOP Services
	Domestic Jurisdiction	  	England
	Country	  	England
	Entity Type	  	Other
	Formation Date	  	12-17-1996
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	5,000.0000
	# Shares Issued	  	1,000.0000
	# Outstanding	  	1,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Oil & Gas Europe B.V.	  	Common Shares	  	1,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for IOP Services 

  
 Page 115 of
147 







 Lealand Finance Company B.V. 
 The Netherlands 
 Entity Vitals  

 

			
	Entity Name	  	Lealand Finance Company B.V.
	Domestic Jurisdiction	  	The Netherlands
	Country	  	Netherlands
	Entity Type	  	Other
	Formation Date	  	12-30-1996
	Federal Tax ID	  	805684372
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	200.0000
	# Shares Issued	  	40.0000
	# Outstanding	  	40.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company N.V.	  	Common Shares	  	40.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Lealand Finance Company B.V. 

  
 Page 116 of
147 







 Lummus Alireza Ltd Co 
 Saudi Arabia 
 Entity Vitals  

 

			
	Entity Name	  	Lummus Alireza Ltd Co
	Domestic Jurisdiction	  	Saudi Arabia
	Country	  	Saudi Arabia
	Entity Type	  	Limited Liability Company
	Formation Date	  	01-11-1977
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	35,000.0000
	# Shares Issued	  	35,000.0000
	# Outstanding	  	35,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Alireza, Alawi Mahmood	  	Common Shares	  	735.000000	  	2.100000	  	—  	  	Direct
	Alireza, Yousuf	  	Common Shares	  	735.000000	  	2.100000	  	—  	  	Direct
	CB&I Nederland B.V.	  	Common Shares	  	33,530.000000	  	95.800000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Lummus Alireza Ltd Co 

  
 Page 117 of
147 







 Lummus Catalyst Company Ltd. 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	Lummus Catalyst Company Ltd.
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	01-07-1992
	Federal Tax ID	  	06-1334969
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,500.0000
	# Shares Issued	  	100.0000
	# Outstanding	  	100.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Lummus Technology Inc.	  	Common Shares	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Lummus Catalyst Company Ltd. 

  
 Page 118 of
147 







 Lummus International Corporation 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	Lummus International Corporation
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	01-07-1992
	Federal Tax ID	  	06-1334973
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,500.0000
	# Shares Issued	  	100.0000
	# Outstanding	  	100.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Lummus Technology Inc.	  	Common Shares	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Lummus International Corporation 
  

  
 Page 119 of
147 







 Lummus Novolen Technology GmbH 
 GERMANY 
 Entity Vitals  

 

			
	Entity Name	  	Lummus Novolen Technology GmbH
	Domestic Jurisdiction	  	GERMANY
	Country	  	Germany
	Entity Type	  	Other
	Formation Date	  	12-20-2006
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Capitalization in Euros
	Type	  	Common
	# Shares Authorized	  	25,000.0000
	# Shares Issued	  	25,000.0000
	# Outstanding	  	25,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Lummus GmbH	  	Capitalization in Euros	  	25,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Lummus Novolen Technology GmbH 

  
 Page 120 of
147 







 Lummus Overseas Corporation 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	Lummus Overseas Corporation
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	11-01-1968
	Federal Tax ID	  	13-2623361
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	100.0000
	# Shares Issued	  	100.0000
	# Outstanding	  	100.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Lummus Technology Inc.	  	Common Shares	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Lummus Overseas Corporation 

  
 Page 121 of
147 







 Lummus Technology B.V. 
 The Hague 
 Entity Vitals  

 

			
	Entity Name	  	Lummus Technology B.V.
	Domestic Jurisdiction	  	The Hague
	Country	  	Netherlands
	Entity Type	  	Other
	Formation Date	  	01-04-2000
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000.0000
	# Shares Issued	  	200.0000
	# Outstanding	  	200.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Lummus Technology Inc.	  	Common Shares	  	200.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Lummus Technology B.V. 

  
 Page 122 of
147 







 Lummus Technology Heat Transfer B.V. 
 The Hague 
 Entity Vitals  

 

			
	Entity Name	  	Lummus Technology Heat Transfer B.V.
	Domestic Jurisdiction	  	The Hague
	Country	  	Netherlands
	Entity Type	  	Other
	Formation Date	  	12-07-1984
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	22,690.0000
	# Shares Issued	  	4,538.0000
	# Outstanding	  	4,538.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Oil & Gas Europe B.V.	  	Common Shares	  	4,538.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Lummus Technology Heat Transfer B.V. 

  
 Page 123 of
147 







 Lummus Technology Inc. 
 Delaware 
 Entity Vitals 

 

			
	Entity Name	  	Lummus Technology Inc.
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	12-19-1930
	Federal Tax ID	  	13-0989425
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	100,000.0000
	# Shares Issued	  	61,160.0000
	# Outstanding	  	61,160.0000

 Capital Structure - Derivative

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company	  	Common Shares	  	61,160.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Lummus Technology Inc. 

  
 Page 124 of
147 







 Lutech Resources Australia Pty Ltd 
 W. Australia 
 Entity Vitals  

 

			
	Entity Name	  	Lutech Resources Australia Pty Ltd
	Domestic Jurisdiction	  	W. Australia
	Country	  	Australia
	Entity Type	  	Corporation
	Formation Date	  	07-29-2011
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Ordinary
	Type	  	Common
	# Shares Authorized	  	1.0000
	# Shares Issued	  	1.0000
	# Outstanding	  	1.0000

 Capital Structure - Derivative  

There are no entries in this list  

Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Ordinary	  	1.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Lutech Resources Australia Pty Ltd 

  
 Page 125 of
147 







 Lutech Resources B.V. 
 The Hague 
 Entity Vitals  

 

			
	Entity Name	  	Lutech Resources B.V.
	Domestic Jurisdiction	  	The Hague
	Country	  	Netherlands
	Entity Type	  	Limited Liability Company
	Formation Date	  	03-12-2009
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	900.0000
	# Shares Issued	  	180.0000
	# Outstanding	  	180.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Oil & Gas Europe B.V.	  	Common Shares	  	180.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Lutech Resources B.V. 

  
 Page 126 of
147 







 Lutech Resources Canada Ltd. 
 Alberta 
 Entity Vitals  

 

			
	Entity Name	  	Lutech Resources Canada Ltd.
	Domestic Jurisdiction	  	Alberta
	Country	  	Canada
	Entity Type	  	Corporation
	Formation Date	  	07-07-2010
	Federal Tax ID	  	803208859
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	Unlimited
	# Shares Issued	  	100.0000
	# Outstanding	  	100.0000

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Lutech Resources Canada Ltd. 

  
 Page 127 of
147 







 Lutech Resources Inc. 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	Lutech Resources Inc.
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	10-12-2000
	Federal Tax ID	  	75-2903851
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000.0000
	# Shares Issued	  	1,000.0000
	# Outstanding	  	1,000.0000

 Capital Structure - Derivative

 There are no entries in this list  
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company	  	Common Shares	  	1,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Lutech Resources Inc. 

  
 Page 128 of
147 







 Lutech Resources India Private Limited 
 India 
 Entity Vitals  

 

			
	Entity Name	  	Lutech Resources India Private Limited
	Domestic Jurisdiction	  	India
	Country	  	India
	Entity Type	  	Private Limited Company
	Formation Date	  	11-01-2011
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Registered Shares
	Type	  	Common
	# Shares Authorized	  	1,200,000.0000
	# Shares Issued	  	406,237.0000
	# Outstanding	  	406,237.0000

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Oil & Gas Europe B.V.	  	Registered Shares	  	402,143.000000	  	98.992214	  	—  	  	Direct
	Chicago Bridge & Iron
Company B.V.	  	Registered Shares	  	4,094.000000	  	1.007786	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Lutech Resources India Private Limited 

  
 Page 129 of
147 







 Lutech Resources Limited 
 London 
 Entity Vitals  

 

			
	Entity Name	  	Lutech Resources Limited
	Domestic Jurisdiction	  	London
	Country	  	England
	Entity Type	  	Other
	Formation Date	  	06-26-1992
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,000.0000
	# Shares Issued	  	1,000.0000
	# Outstanding	  	1,000.0000

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Oil & Gas Europe B.V.	  	Common Shares	  	1,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Lutech Resources Limited 

  
 Page 130 of
147 







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

Texas 
 Entity Vitals  

 

			
	Entity Name	  	Matrix Engineering, Ltd. (MANAGED BY HOWE-BAKER INTERNATIONAL
MANAGEMENT, L.L.C.)
	Domestic Jurisdiction	  	Texas
	Country	  	United States
	Entity Type	  	Limited Partnership
	Formation Date	  	10-28-1977
	Federal Tax ID	  	74-1974536
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Howe-Baker Holdings, L.L.C.	  	Percentage Ownership
Interest	  	99.900000	  	99.900000	  	—  	  	Direct
	Howe-Baker International
Management, LLC	  	Percentage Ownership
Interest	  	0.100000	  	0.100000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Matrix Engineering, Ltd. (MANAGED BY HOWE-BAKER INTERNATIONAL MANAGEMENT, L.L.C.) 

  
 Page 131 of
147 







 Matrix Management Services, L.L.C. 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	Matrix Management Services, L.L.C.
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Limited Liability Company
	Formation Date	  	07-23-1999
	Federal Tax ID	  	75-2838621
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative

  

			
	Security Name	  	Percentage Ownership Interest
	Type	  	—  
	# Shares Authorized	  	—  
	# Shares Issued	  	—  
	# Outstanding	  	—  

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Matrix Engineering, Ltd.
(MANAGED BY HOWE-
BAKER INTERNATIONAL
MANAGEMENT, L.L.C.)	  	Percentage Ownership
Interest	  	100.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Matrix Management Services, L.L.C. 

  
 Page 132 of
147 







 Neo Creator Co, Limited 
 Bangkok Metropolis, Thailand 
 Entity Vitals  

 

			
	Entity Name	  	Neo Creator Co, Limited
	Domestic Jurisdiction	  	Bangkok Metropolis, Thailand
	Country	  	Thailand
	Entity Type	  	Other
	Formation Date	  	01-24-2003
	Federal Tax ID	  	3 03078978 5
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1,499.0000
	# Shares Issued	  	1,499.0000
	# Outstanding	  	1,499.0000

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Common Shares	  	499.000000	  	33.288859	  	—  	  	Direct
	Chueasoey, Pongyuth	  	Common Shares	  	1.000000	  	0.066711	  	—  	  	Direct
	Malawan, Anawat	  	Common Shares	  	1.000000	  	0.066711	  	—  	  	Direct
	Manasarn, Thansammorn	  	Common Shares	  	1.000000	  	0.066711	  	—  	  	Direct
	Poonithet, Adisak	  	Common Shares	  	1.000000	  	0.066711	  	—  	  	Direct
	Sensupa, Satit	  	Common Shares	  	1.000000	  	0.066711	  	—  	  	Direct
	Traisarnsri, Chairat	  	Common Shares	  	1.000000	  	0.066711	  	—  	  	Direct
	Vasinwatanapong, Pattara	  	Common Shares	  	1.000000	  	0.066711	  	—  	  	Direct
	VPPW Business Consultant
Ltd.	  	Common Shares	  	494.000000	  	32.955304	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Neo Creator Co, Limited 

  
 Page 133 of
147 







 Netherlands Operating Company B.V. 
 The Hague 
 Entity Vitals  

 

			
	Entity Name	  	Netherlands Operating Company B.V.
	Domestic Jurisdiction	  	The Hague
	Country	  	Netherlands
	Entity Type	  	Other
	Formation Date	  	11-24-1986
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	910.0000
	# Shares Issued	  	182.0000
	# Outstanding	  	182.0000

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Oil & Gas Europe B.V.	  	Common Shares	  	182.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Netherlands Operating Company B.V. 

  
 Page 134 of
147 







 Novolen Technology Holdings C.V. 
 The Hague 
 Entity Vitals  

 

			
	Entity Name	  	Novolen Technology Holdings C.V.
	Domestic Jurisdiction	  	The Hague
	Country	  	Netherlands
	Entity Type	  	Other
	Formation Date	  	08-22-2000
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Units of Ownership
	Type	  	Common
	# Shares Authorized	  	0.0000
	# Shares Issued	  	0.0000
	# Outstanding	  	0.0000

 Capital Structure - Derivative 

There are no entries in this list 
 Owners

 There are no entries in this list 
 End of Dec 2012 - Subsidiaries and Ownership for Novolen Technology Holdings C.V. 

  
 Page 135 of
147 







 Oasis Supply Company Anstalt 
 Vaduz, Liechtenstein 
 Entity Vitals  

 

			
	Entity Name	  	Oasis Supply Company Anstalt
	Domestic Jurisdiction	  	Vaduz, Liechtenstein
	Country	  	Liechtenstein
	Entity Type	  	Other
	Formation Date	  	12-21-1973
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1.0000
	# Shares Issued	  	1.0000
	# Outstanding	  	1.0000

 Capital Structure - Derivative 

There are no entries in this list 
 Owners

  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CBI Eastern Anstalt	  	Common Shares	  	1.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Oasis Supply Company Anstalt 

  
 Page 136 of
147 







 Oasis Supply Company, Ltd. 
 Cayman Islands 
 Entity Vitals  

 

			
	Entity Name	  	Oasis Supply Company, Ltd.
	Domestic Jurisdiction	  	Cayman Islands
	Country	  	British West Indies
	Entity Type	  	Other
	Formation Date	  	03-28-1991
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	50,000.0000
	# Shares Issued	  	2.0000
	# Outstanding	  	2.0000

 Capital Structure - Derivative 

There are no entries in this list 
 Owners

  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company	  	Common Shares	  	2.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Oasis Supply Company, Ltd. 

  
 Page 137 of
147 







 Oceanic Contractors, Inc. 
 Delaware 
 Entity Vitals  

 

			
	Entity Name	  	Oceanic Contractors, Inc.
	Domestic Jurisdiction	  	Delaware
	Country	  	United States
	Entity Type	  	Corporation
	Formation Date	  	09-14-1964
	Federal Tax ID	  	36-2536765
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	100,000.0000
	# Shares Issued	  	45,720.0000
	# Outstanding	  	45,720.0000

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company	  	Common Shares	  	45,720.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Oceanic Contractors, Inc. 

  
 Page 138 of
147 







 OOO CB&I Lummus 
 Moscow 
 Entity Vitals  

 

			
	Entity Name	  	OOO CB&I Lummus
	Domestic Jurisdiction	  	Moscow
	Country	  	Russian Federation
	Entity Type	  	Other
	Formation Date	  	03-28-2001
	Federal Tax ID	  	7701260987
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	1.0000
	# Shares Issued	  	1.0000
	# Outstanding	  	1.0000

 Capital Structure - Derivative 

There are no entries in this list 
 Owners

  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CB&I Oil & Gas Europe B.V.	  	Common Shares	  	1.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for OOO CB&I Lummus 

  
 Page 139 of
147 







 Oxford Metal Supply Limited 
 United Kingdom 
 Entity Vitals  

 

			
	Entity Name	  	Oxford Metal Supply Limited
	Domestic Jurisdiction	  	United Kingdom
	Country	  	England
	Entity Type	  	Other
	Formation Date	  	05-09-1960
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	100.0000
	# Shares Issued	  	100.0000
	# Outstanding	  	100.0000

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	CBI Constructors Limited	  	Common Shares	  	99.000000	  	99.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Oxford Metal Supply Limited 

  
 Page 140 of
147 







 P.T. Chicago Bridge & Iron 
 Indonesia 
 Entity Vitals  

 

			
	Entity Name	  	P.T. Chicago Bridge & Iron
	Domestic Jurisdiction	  	Indonesia
	Country	  	Indonesia
	Entity Type	  	Other
	Formation Date	  	11-14-2000
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	6,624.0000
	# Shares Issued	  	1,656.0000
	# Outstanding	  	1,656.0000

 Capital Structure - Derivative

 There are no entries in this list 
 Owners 
 There are no entries in this list 

End of Dec 2012 - Subsidiaries and Ownership for P.T. Chicago Bridge & Iron 

  
 Page 141 of
147 







 Pacific Rim Material Supply Company, Ltd. 
 Cayman Islands 
 Entity Vitals  

 

			
	Entity Name	  	Pacific Rim Material Supply Company, Ltd.
	Domestic Jurisdiction	  	Cayman Islands
	Country	  	British West Indies
	Entity Type	  	Other
	Formation Date	  	12-18-1997
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	50,000.0000
	# Shares Issued	  	2.0000
	# Outstanding	  	2.0000

 Capital Structure - Derivative  

There are no entries in this list  

Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
(Antilles) N. V.	  	Common Shares	  	2.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Pacific Rim Material Supply Company, Ltd. 
  

  
 Page 142 of
147 







 Sarida Offshore Company 
 B.W.I. 
 Entity Vitals  

 

			
	Entity Name	  	Sarida Offshore Company
	Domestic Jurisdiction	  	B.W.I.
	Country	  	Cayman Islands
	Entity Type	  	General Partnership
	Formation Date	  	05-30-1985
	Federal Tax ID	  	—
	Status	  	Active - Dormant
	Fiscal Year End	  	—

 Capital Structure - Non-Derivative 

 There are no entries in this list  
 Capital Structure - Derivative  
 There are no entries in this list  

Owners  
 There are no entries in this
list 
 End of Dec 2012 - Subsidiaries and Ownership for Sarida Offshore Company 

  
 Page 143 of
147 







 Southern Tropic Material Supply Company, Ltd. 

Cayman Islands 
 Entity Vitals 

  

			
	Entity Name	  	Southern Tropic Material Supply Company, Ltd.
	Domestic Jurisdiction	  	Cayman Islands
	Country	  	British West Indies
	Entity Type	  	Other
	Formation Date	  	12-18-1997
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

  

			
	Security Name	  	Common Shares
	Type	  	Common
	# Shares Authorized	  	50,000.0000
	# Shares Issued	  	2.0000
	# Outstanding	  	2.0000

 Capital Structure - Derivative  

There are no entries in this list  

Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
(Antilles) N. V.	  	Common Shares	  	2.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Southern Tropic Material Supply Company, Ltd. 

  
 Page 144 of
147 







 Tank Constructors Limited 
 London 
 Entity Vitals  

 

			
	Entity Name	  	Tank Constructors Limited
	Domestic Jurisdiction	  	London
	Country	  	United Kingdom
	Entity Type	  	Other
	Formation Date	  	01-01-1111
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
 There are no entries in this list  
 Capital Structure - Derivative  
 There are no entries in this list  

Owners  
 There are no entries in this
list 
 End of Dec 2012 - Subsidiaries and Ownership for Tank Constructors Limited 

  
 Page 145 of
147 







 Woodlands International Insurance Company 
 Ireland 
 Entity Vitals  

 

			
	Entity Name	  	Woodlands International Insurance Company
	Domestic Jurisdiction	  	Ireland
	Country	  	Ireland
	Entity Type	  	Other
	Formation Date	  	12-16-2003
	Federal Tax ID	  	—  
	Status	  	Active - Non Dormant
	Fiscal Year End	  	—  

 Capital Structure - Non-Derivative
 
  

			
	Security Name	  	Ordinary
	Type	  	Common
	# Shares Authorized	  	5,000,000.0000
	# Shares Issued	  	860,000.0000
	# Outstanding	  	860,000.0000

 Capital Structure - Derivative 

 There are no entries in this list  
 Owners  
  

											
	Owner Name	  	Security Name	  	Balance	  	 Percent

Owned
	  	Underlying Security	  	Ownership
Form
	Chicago Bridge & Iron
Company B.V.	  	Ordinary	  	860,000.000000	  	100.000000	  	—  	  	Direct

 End of Dec 2012 - Subsidiaries and
Ownership for Woodlands International Insurance Company 

  
 Page 146 of
147 







 World Bridge General Contracting Company 
 Iraq 
 Entity Vitals  

 

			
	Entity Name	  	World Bridge General Contracting Company
	Domestic Jurisdiction	  	Iraq
	Country	  	Iraq
	Entity Type	  	Limited Liability Company
	Formation Date	  	06-20-2011
	Federal Tax ID	  	—
	Status	  	Active - Non Dormant
	Fiscal Year End	  	December 31

 Capital Structure - Non-Derivative 

 There are no entries in this list  
 Capital Structure - Derivative  
 There are no entries in this list  

Owners  
 There are no entries in this
list 
 End of Dec 2012 - Subsidiaries and Ownership for World Bridge General Contracting Company 

 

	
	End of Report
	hCue, Powering Good Corporate Governance - brought to you by CT Corporation © 2012 , a Wolters Kluwer company


  
 Page 147 of
147 







 SCHEDULE 6.9 
 PENSIONS AND POST-RETIREMENT PLANS 
  

					
	 	  	Amount	 
	 	  	(in $000s)	 
	 USA
	  	$	(63,252	) 
	 Germany *
	  	$	(51,925	) 
	 London
	  	$	(45,935	) 
	 Netherlands - Insured Plan **
	  	$	(16,900	) 
	 Canada
	  	$	(6,100	) 
		  	  
	  
	 
	 Total
	  	$	(184,111	) 
		  	  
	  
	 

  

	*	Unfunded in accordance with local law 


	**	Annual premiums paid by Company to an insurance company, which bears the pension obligation 


  
 CB&I 

SCHEDULES TO REVOLVING CREDIT AGREEMENT 







 SCHEDULE 6.17 
 ENVIRONMENTAL MATTERS 
 (a) (iii) A subsidiary of the
Company is subject to a consent order at its former facility in New Castle, Delaware. 
 Other matters disclosed in the
Company’s Annual Reports on Form 10-K for the years ended December 31, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011 and Form 10-Q for the three quarters of 2012. 

(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. 

(a) (vi) In December 2008, Trinity Industries, Inc, the current owner of the Greenville, PA facilities previously owned the Company, filed suit
against the Company seeking apportionment of clean up costs of the property to be expended. On April 4, 2012 the Federal Judge granted our Motion for Summary Judgment. Trinity filed an appeal to the United States Court of Appeals for the Third
Circuit and the matter is being briefed and will be argued. On June 28, 2012 Trinity filed a Pennsylvania state court action against the Company seeking apportionment of clean up costs under state law. We filed a Preliminary Objection on
September 7, 2012 and Trinity filed a brief in opposition on September 26, 2012. 
 The Company has agreed to
indemnify parties to whom it has sold facilities for certain environmental liabilities arising from acts occurring before the dates those facilities were transferred. 
 Other matters disclosed in the Company’s Annual Reports on Form 10-K for the years ended December 31, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011 and Form
10-Q for the three quarters of 2012 . 

  
 CB&I 

SCHEDULES TO REVOLVING CREDIT AGREEMENT 







 SCHEDULE 7.3(N) 

SUBSIDIARY COVENANTS 

 

					
	1.	  	CBI Constructors Pty Limited	  	(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.


  
 CB&I 

SCHEDULES TO REVOLVING CREDIT AGREEMENT 







 SCHEDULE 7.3(S) 

PERMITTED RESTRICTED PAYMENTS 

None. 

  
 CB&I 

SCHEDULES TO REVOLVING CREDIT AGREEMENT