Exhibit 10.1

 

EXECUTION COPY

 

AMENDMENT NO. 1

 

Dated as of November 25, 2014

 

to

 

REVOLVING LOAN AND LETTER OF CREDIT FACILITY AGREEMENT

 

Dated as of May 28, 2014

 

THIS AMENDMENT NO. 1 (this “Amendment”) is made as of November 25, 2014 by and among Fluor Corporation (the “Borrower”), the financial institutions listed on the signature pages hereof and BNP Paribas, as Administrative Agent (the “Administrative Agent”), under that certain Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014 by and among the Borrower, the Lenders and the Administrative Agent (as amended, supplemented or otherwise modified from time to time, the “Facility Agreement”).  Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Facility Agreement.

 

WHEREAS, the Borrower has requested that the Lenders and the Administrative Agent agree to certain amendments to the Facility Agreement; and

 

WHEREAS, the Lenders party hereto and the Administrative Agent have agreed to such amendments on the terms and conditions set forth herein;

 

NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower, the Lenders party hereto and the Administrative Agent have agreed to enter into this Amendment.

 

1.             Amendments to Facility Agreement.  Effective as of the date of satisfaction of the conditions precedent set forth in Section 2 below, the Facility Agreement is hereby amended as follows:

 

(a)           Section 1.01 of the Facility Agreement is amended to add the following new definitions therein in the appropriate alphabetical order and, where applicable, replace the corresponding previously existing definitions:

 

“Sanction(s)” means any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control, the U.S. Department of State, the United Nations Security Council, the European Union, or Her Majesty’s Treasury.

 

“Sanctioned Person” has the meaning assigned to such term in Section 4.14.

 

(b)           The last sentence of Section 4.10 of the Facility Agreement is amended and restated in its entirety as follows:

 

The Borrower will not, directly or indirectly, use the proceeds of the Revolving Advances or request a Letter of Credit, or lend, contribute or otherwise make available

 











 

such proceeds to, or request a Letter of Credit on behalf of, any Subsidiary, any Joint Venture or, to the Borrower’s knowledge, any joint venture partner or other Person (i) to fund any activities or business of or with any Person, or in any country or territory, that at the time of such funding of proceeds or issuance of a Letter of Credit is, or whose government is, the subject of Sanctions, in violation of Sanctions or (ii) in any other manner that would result in a violation of Sanctions by any party hereto.

 

(c)           Section 4.14 of the Facility Agreement is amended and restated in its entirety as follows:

 

SECTION 4.14.  Sanctions.  None of the Borrower or any of its Subsidiaries or, to the knowledge of Borrower, any director, officer, employee, agent or Affiliate of the Borrower or any of its Subsidiaries is an individual or entity that is, or is 50 percent or more owned or controlled by a Person or Persons that are: (i) a Person with whom transactions are prohibited under any Sanctions or (ii) a Person that engages in material operations or is organized or resident in a country or territory that is itself, or whose government is itself, the subject of comprehensive Sanctions (currently Cuba, Iran, North Korea, Sudan and Syria).  Any Person that meets the criteria set forth in either of the preceding clauses (i) or (ii) shall be referred to herein as a “Sanctioned Person”.  Notwithstanding the foregoing, there shall be a breach of this representation and warranty only to the extent the existence of such Sanctioned Person would cause the issuance of the Revolving Advance or Letter of Credit being issued at the time the representation is made to be in violation of Sanctions.

 

2.             Conditions of Effectiveness.  The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent:

 

(a)           The Administrative Agent shall have received counterparts of this Amendment duly executed by the Borrower, the Required Lenders and the Administrative Agent; and

 

(b)           The Borrower shall have paid, to the extent invoiced, all out-of-pocket expenses of the Administrative Agent (including reasonable attorneys’ fees and expenses) in connection with this Amendment and the other Loan Documents.

 

3.             Representations and Warranties of the Borrower.  The Borrower hereby represents and warrants that this Amendment and the Facility Agreement, as amended hereby, constitute valid and binding agreements of the Borrower, enforceable in accordance with their terms.

 

4.             Reference to and Effect on the Facility Agreement.

 

(a)           Upon the effectiveness hereof, each reference to the Facility Agreement in the Facility Agreement or any other Loan Document shall mean and be a reference to the Facility Agreement as amended hereby.

 

(b)           Except as specifically amended above, the Facility Agreement and all other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed.

 

(c)           The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders, nor constitute a

 

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waiver of any provision of the Facility Agreement or any other documents, instruments and agreements executed and/or delivered in connection therewith, nor shall it affect the terms and conditions of any Revolving Advance or Letter of Credit made or issued prior to the Effective Date.

 

(d)           This Amendment is a Loan Document.

 

5.             Governing Law; Waiver of Trial by Jury.  This Amendment shall be construed in accordance with and governed by the law of the State of New York.  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 AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (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 AMENDMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 

6.             Headings.  Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.

 

7.             Counterparts.  This Amendment may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.  Signatures delivered by facsimile or PDF shall have the same force and effect as manual signatures delivered in person.

 

[Signature Pages Follow]

 

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

 

 

	
 
    	
FLUOR   CORPORATION, as the Borrower
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Mitchell L. Stone
    
	
 
    	
Name:   
    	
Mitchell   L. Stone
    
	
 
    	
Title:   
    	
Vice   President and Assistant Treasurer
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 











 

	
 
    	
BNP   PARIBAS, as Administrative Agent and individually as a Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Brendan Heneghan
    
	
 
    	
Name:   
    	
Brendan   Heneghan
    
	
 
    	
Title:   
    	
Director
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Louise Roussel
    
	
 
    	
Name:   
    	
Louise   Roussel
    
	
 
    	
Title:   
    	
Vice   President
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 











 

	
 
    	
Name   of Lender:
    
	
 
    	
 
    	
 
    
	
 
    	
ING   Bank NV, Dublin Branch:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Shaun Hawley
    
	
 
    	
Name:   
    	
Shaun   Hawley
    
	
 
    	
Title:   
    	
Vice   President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Aidan Neill
    
	
 
    	
Name:   
    	
Aidan   Neill
    
	
 
    	
Title:   
    	
Director
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 











 

	
 
    	
Citibank,   N.A., as a Lender:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Susan M. Olsen
    
	
 
    	
Name:   
    	
Susan   M. Olsen
    
	
 
    	
Title:   
    	
Vice   President
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 











 

	
 
    	
Name   of Lender:
    
	
 
    	
 
    
	
 
    	
Bank   of America, N.A.:
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   J. Stephen Merrick
    
	
 
    	
Name:   
    	
J.   Stephen Merrick
    
	
 
    	
Title:   
    	
Managing   Director
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 











 

	
 
    	
Name   of Lender:
    
	
 
    	
 
    
	
 
    	
Intesa   Sanpaolo S.p.A., New York Branch:
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Manuela Insana
    
	
 
    	
Name:   
    	
Manuela   Insana
    
	
 
    	
Title:   
    	
VP &   Relationship Manager
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Gianluca Fiore
    
	
 
    	
Name:   
    	
Gianluca   Fiore
    
	
 
    	
Title:   
    	
Global   Relationship Manager
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 











 

	
 
    	
Name   of Lender:
    
	
 
    	
 
    
	
 
    	
STANDARD   CHARTERED BANK:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   David J. Foster
    
	
 
    	
Name:   
    	
David   J. Foster
    
	
 
    	
Title:   
    	
Director
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Hsing H. Huang
    
	
 
    	
Name:   
    	
Hsing   H. Huang
    
	
 
    	
Title:   
    	
Associate   Director
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 












 

	
 
    	
Name   of Lender:
    
	
 
    	
 
    
	
 
    	
CRÉDIT   AGRICOLE CORPORATE AND INVESTMENT BANK:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Blake Wright
    
	
 
    	
Name:   
    	
Blake   Wright
    
	
 
    	
Title:   
    	
Managing   Director
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   James Austin
    
	
 
    	
Name:   
    	
James   Austin
    
	
 
    	
Title:   
    	
Vice   President
    


 

 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 











 

	
 
    	
Name   of Lender:
    
	
 
    	
 
    
	
 
    	
Wells   Fargo Bank, N.A.:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   S. Michael St. Geme
    
	
 
    	
Name:   
    	
S.   Michael St. Geme
    
	
 
    	
Title:   
    	
Managing   Director
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 











 

	
 
    	
SUMITOMO   MITSUI BANKING CORPORATION, as an Issuing Lender and Individually as a Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   David W. Kee
    
	
 
    	
Name:   
    	
David   W. Kee
    
	
 
    	
Title:   
    	
Managing   Director
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 











 

	
 
    	
Name   of Lender:
    
	
 
    	
 
    
	
 
    	
Barclays   Bank, Plc:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   J. Davey
    
	
 
    	
Name:   
    	
J.   Davey
    
	
 
    	
Title:   
    	
Director
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 











 

	
 
    	
Name   of Lender:
    
	
 
    	
 
    
	
 
    	
The   Bank of Tokyo-Mitsubishi UFJ, Ltd.:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Mark Maloney
    
	
 
    	
Name:   
    	
Mark   Maloney
    
	
 
    	
Title:   
    	
Authorized   Signatory
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 











 

	
 
    	
Name   of Lender:
    
	
 
    	
 
    
	
 
    	
Westpac   Banking Corporation:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Richard Yarnold
    
	
 
    	
Name:   
    	
Richard   Yarnold
    
	
 
    	
Title:   
    	
Senior   Relationship Manager
    
	
 
    	
 
    	
Corporate &   Institutional Banking
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 











 

	
 
    	
Name   of Lender:
    
	
 
    	
 
    
	
 
    	
HSBC   Bank USA, National Association:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Dale T. Wilson
    
	
 
    	
Name:   
    	
Dale   T. Wilson
    
	
 
    	
Title:   
    	
Senior   Vice President
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 











 

	
 
    	
Name   of Lender:
    
	
 
    	
 
    
	
 
    	
Mizuho   Bank, Ltd.:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Donna DeMagistris
    
	
 
    	
Name:   
    	
Donna   DeMagistris
    
	
 
    	
Title:   
    	
Authorized   Signatory
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 











 

	
 
    	
Name   of Lender:
    
	
 
    	
 
    
	
 
    	
US   BANK NATIONAL ASSOCIATION:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/ Jonathan F. Lindvall
    
	
 
    	
Name:   
    	
Jonathan   F. Lindvall
    
	
 
    	
Title:   
    	
Vice   President
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 











 

	
 
    	
Name   of Lender:
    
	
 
    	
 
    
	
 
    	
Lloyds   Bank plc:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Stephen Giacolone
    
	
 
    	
Name:   
    	
Stephen   Giacolone
    
	
 
    	
Title:   
    	
Assistant   Vice President — G011
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Daven Popat
    
	
 
    	
Name:   
    	
Daven   Popat
    
	
 
    	
Title:   
    	
Senior   Vice President — P003
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 












 

	
 
    	
Name   of Lender:
    
	
 
    	
 
    
	
 
    	
Santander   Bank, N.A.:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Marcelo Castro
    
	
 
    	
Name:   
    	
Marcelo   Castro
    
	
 
    	
Title:   
    	
Managing   Director
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 











 

	
 
    	
Name   of Lender:
    
	
 
    	
 
    
	
 
    	
Regions   Bank:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Rick Prewitt
    
	
 
    	
Name:   
    	
Rick   Prewitt
    
	
 
    	
Title:   
    	
Senior   Vice President
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 











 

	
 
    	
Name   of Lender:
    
	
 
    	
 
    
	
 
    	
The   Bank of Nova Scotia:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Winston Lua
    
	
 
    	
Name:   
    	
Winston   Lua
    
	
 
    	
Title:   
    	
Director
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014

 











 

	
 
    	
Name   of Lender:
    
	
 
    	
 
    
	
 
    	
GOLDMAN SACHS BANK USA:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Michelle Latzoni
    
	
 
    	
Name:   
    	
Michelle   Latzoni
    
	
 
    	
Title:   
    	
Authorized   Signatory
    


 

Signature Page to Amendment No. 1

Fluor Corporation

Revolving Loan and Letter of Credit Facility Agreement dated as of May 28, 2014