REFERENCE TO
THE CREDIT AGREEMENT IN THE LOAN DOCUMENTS AND ALL OTHER DOCUMENTS DELIVERED IN
CONNECTION WITH THE CREDIT AGREEMENT SHALL MEAN AND BE A REFERENCE TO THE CREDIT
AGREEMENT AS AMENDED HEREBY.
NONE OF THE TERMS AND CONDITIONS OF THIS AGREEMENT
MAY BE CHANGED, WAIVED, MODIFIED OR VARIED IN ANY MANNER, WHATSOEVER, EXCEPT IN
ACCORDANCE WITH SECTION 7.1 OF THE CREDIT AGREEMENT.
(H)
REAFFIRMATION OF GUARANTY.
THE GUARANTOR
ACKNOWLEDGES RECEIPT OF A COPY OF THIS AGREEMENT, CONSENTS TO THIS AGREEMENT AND
EACH OF THE TRANSACTIONS REFERENCED IN THIS AGREEMENT AND HEREBY REAFFIRMS ITS
OBLIGATIONS UNDER THE GUARANTY.
[signature pages follow]
7
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
by their respective officers thereunto duly authorized, as of the date first
written above.
GREAT LAKES DREDGE & DOCK COMPANY
By:
/s/ Deborah A. Wensel
Name:
Deborah A. Wensel
Title:
Senior Vice President and CFO
GREAT LAKES DREDGE & DOCK CORPORATION
By:
/s/ Deborah A. Wensel
Name:
Deborah A. Wensel
Title:
Senior Vice President and CFO
GENERAL ELECTRIC CAPITAL CORPORATION
By:
/s/ Frederik W. Aase
Name:
Frederik W. Aase
Title:
Duly Authorized Signatory