Document:

EX-10.3

 Exhibit 10.3 

Execution Version 

AMENDMENT NO. 5 AND WAIVER TO TERM LOAN AGREEMENT 

This Amendment No. 5 and Waiver to Term Loan Agreement (this “Amendment”), dated as of August 9, 2017, is
made by and 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 “Borrower”), BANK OF AMERICA, N.A., a national banking association organized and existing under the laws of the United States (“Bank of
America”), in its capacity as administrative agent for the Lenders and collateral agent for the Secured Bank Creditors (in such capacities, the “Administrative Agent” and the “Collateral
Agent”, respectively), and each of the Lenders signatory hereto. 
 W I T N E S S E T H: 

WHEREAS, each of the Company, the Borrower, the Administrative Agent, the Collateral Agent and the Lenders have entered into that
certain Term Loan Agreement, dated as of July 8, 2015 (as amended by that certain Amendment No. 1 to Term Loan Agreement, dated as of October 27, 2015, Amendment No. 2 to Term Loan Agreement, dated as of February 24, 2017,
Amendment No. 3 and Waiver to Term Loan Agreement, dated as of May 8, 2017, Amendment No. 4 to Term Loan Agreement, dated as of May 29, 2017 (“Amendment No. 4”), and as
hereby amended and as from time to time further amended, modified, supplemented, restated, or amended and restated, the “Credit Agreement”; capitalized terms used in this Amendment not otherwise defined herein shall have the
respective meanings given thereto in the Credit Agreement, as amended hereby), pursuant to which the Lenders have made available to the Borrower a senior term loan facility in an original aggregate principal amount of $500,000,000; and 

WHEREAS, the Company has entered into the Guaranty pursuant to which it has guaranteed certain or all of the obligations of the
Borrower under the Credit Agreement and the other Loan Documents; 
 WHEREAS, the Company, the Borrower and certain Subsidiaries have
entered into certain of the Security Instruments to provide collateral as security for the obligations of the Borrower under the Credit Agreement and the other Loan Documents; and 

WHEREAS, the Borrower has requested that the Administrative Agent, the Collateral Agent and the Lenders agree to amend the Credit
Agreement in certain respects and to waive certain Defaults and Events of Default under the Credit Agreement that occurred or may have occurred on or prior to the date hereof, which the Administrative Agent, the Collateral Agent and the Lenders
party hereto are willing to do on the terms and conditions contained in this Amendment; 
 NOW, THEREFORE, in consideration of the
premises and further valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 

1.    Amendments to Credit Agreement. Subject to the terms and conditions set forth herein, the Credit Agreement
(exclusive of Schedules and Exhibits thereto) shall be amended such that after giving effect to all such amendments, it shall read in its entirety as set forth on Annex I attached hereto. 

2.    Amendments to Schedules and Exhibits to Credit Agreement. Subject to the terms and conditions set forth
herein, (i) Schedules 1.01A, 1.01B, 1.01C, 7.01, 7.04A, 7.04B and 7.05 to the Credit Agreement shall be amended such that after giving effect to all such amendments, they shall read in their
entirety as set forth on Annex II-1 attached hereto and (ii) Exhibit C to the Credit Agreement shall be amended such that after giving effect to all such amendments, it shall read in its
entirety as set forth on Annex II-2 attached hereto. 

 3.    Waiver. Pursuant to Section 10.01 of
the Credit Agreement and subject to the terms and conditions hereof, effective as of the date hereof, the Administrative Agent, the Collateral Agent and each Lender party hereto hereby waives any Default or Event of Default that occurred or may have
occurred on or prior to the date hereof under: 
 (a)    Section 8.01(b) of the Credit Agreement,
arising as a result of the failure of the Company and its Subsidiaries to comply with certain requirements of Section 6.13(a) of the Credit Agreement and Section 16 of Amendment No. 4, as
described in Annex III attached hereto; provided that such waiver will remain effective only if the Loan Parties deliver to the Collateral Agent the items listed in Annex III attached hereto by the dates specified in such
Annex; 
 (b)    Section 8.01(b) of the Credit Agreement, arising as a result of breaches of the
last paragraph of Section 7.03 of the Credit Agreement due to the negative pledge provisions set forth in indemnity agreements supporting surety bonds related to Project Jazz; 

(c)    Section 8.01(b) of the Credit Agreement, arising as a result of the failure of the Company to
comply with the terms of Section 7.18 of the Credit Agreement for the fiscal quarter ended June 30, 2017; 

(d)    Section 8.01(d) of the Credit Agreement, arising as a result of the failure of the Company to
deliver an Officer’s Certificate required by Section 6.02(a) of the Credit Agreement, providing, among other things, notice of the other Defaults and Events of Default described in this Section; and 

(e)    Section 8.01(e) of the Credit Agreement, arising as a result of the occurrence of a default
or event of default under the NPA Notes (each, an “NPA Note Default”) that is being waived pursuant to the NPA Amendments (as defined below). 

The waivers set forth in this Amendment are limited to the extent specifically described above and shall in no way serve to waive any NPA Note Default or
compliance with Section 6.02(a), 6.13(a), 7.03 or 7.18 of the Credit Agreement or Section 16 of Amendment No. 4, or any other terms, covenants or provisions of the Credit
Agreement or any other Loan Document, or any obligations of the Borrower, other than as expressly set forth above. 

4.    Effectiveness; Conditions Precedent. This Amendment, the amendments to the Credit Agreement provided in
Sections 1 and 2 hereof and the waiver provided in Section 3 hereof shall be effective as of the date first written above upon the satisfaction of the following conditions precedent: 

(a)    The Administrative Agent shall have received counterparts of this Amendment, duly executed by the
Company, the Borrower, each Guarantor, the Collateral Agent and the Required Lenders, which counterparts may be delivered by facsimile or other electronic means (e.g. “.pdf” or “.tif”). 

(b)    The Administrative Agent shall have received a copy of an amendment to the Existing 2013 Revolving
Credit Agreement and the Existing 2015 Revolving Credit Agreement, in each case, in the form previously provided to it and in form and substance reasonably satisfactory to the Administrative Agent, duly executed by the requisite parties thereto.

  
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 (c)    The Administrative Agent shall have received a copy of
an amendment to each Note Purchase Agreement (the “NPA Amendments”), which shall include a waiver of the NPA Note Defaults, in each case, in the form previously provided to it and in form and substance reasonably satisfactory
to the Administrative Agent, duly executed by the requisite parties thereto. 
 (d)    The Administrative
Agent shall have received resolutions of each Dutch Loan Party, UK Loan Party and U.S. Loan Party authorizing this Amendment and the other Loan Documents to which such Person is a party executed in connection with this Amendment. 

(e)    The Administrative Agent or Collateral Agent, as applicable, shall have received each of the
agreements, instruments and other documents (each in form and substance reasonably acceptable to the Administrative Agent or Collateral Agent, as applicable) set forth on Annex IV to Amendment No. 4, other than the items listed on
Annex III attached hereto. 
 (f)    The Administrative Agent shall have received a copy of the
addendum to the existing engagement letter between FTI Consulting and the Company setting forth the scope of the Strategic Review, in form and substance reasonably satisfactory to the Administrative Agent. 

(g)    (i) The Company shall have paid any fees required to be paid on the date hereof pursuant to that
certain Fee Letter dated as of August 9, 2017 among the Company, the Initial Borrower, Bank of America and Merrill Lynch, Pierce, Fenner & Smith Incorporated, (ii) an amendment fee shall have been received by the Administrative
Agent for each Lender executing this Amendment by 3:00 p.m. (New York time) on August 9, 2017 for the account of such Lender, equal to 0.50% (50 bps) multiplied by each such Lender’s outstanding Loans as of the date hereof
and (iii) all other fees and expenses of the Administrative Agent (including the fees and expenses of counsel and the financial advisor to the Administrative Agent) to the extent due and payable under Section 10.04(a) of the Credit
Agreement and for which invoices have been presented on or before the date that is one day prior to the date hereof shall have been paid in full (which fees and expenses may be estimated to date without prejudice to final settling of accounts for
such fees and expenses). 
 For purposes of determining compliance with the conditions set forth in this Section 4, each Lender that has signed this
Amendment shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to such Lender unless the Administrative
Agent shall have received noticed from such Lender prior to the date hereof specifying its objection thereto. 

5.    Representations and Warranties. In order to induce the Administrative Agent, the Collateral Agent and the
Lenders to enter into this Amendment, the Company represents and warrants to the Administrative Agent, the Collateral Agent and the Lenders as follows: 

(a)    The representations and warranties made by the Company in Article V of the Credit Agreement
are true and correct in all material respects (except to the extent that such representation or warranty is qualified by reference to materiality or Material Adverse Effect, in which case it shall be true and correct in all respects) on and as of
the date hereof, except to the extent that such representations and warranties expressly relate to an earlier date; 

(b)    This Amendment has been duly authorized, executed and delivered by the Company and the Borrower and
constitutes a legal, valid and binding obligation of such parties, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting the rights of creditors, and subject to equitable principles of
general application; and 

  
 3 

 (c)    After giving effect to the NPA Amendments, this
Amendment and the corresponding amendments to the Existing 2013 Revolving Credit Agreement and the Existing 2015 Revolving Credit Agreement, no Default or Event of Default has occurred and is continuing, or would result from the effectiveness of
this Amendment. 
 6.    Equalization; Excess Cash. By no later than 4:00 p.m. (New York time) on August 14,
2017: 
 (a)    the Company shall prepay loans under the Existing 2013 Revolving Credit Agreement and, as
applicable, loans advanced under the Existing 2015 Revolving Credit Agreement in such amounts as are required to ensure that (i) the “Total Outstandings” under the Existing 2013 Credit Agreement as a proportion of the “Aggregate
Commitments” thereunder are equal to (ii) the “Total Outstandings” under the Existing 2015 Revolving Credit Agreement as a proportion of the “Aggregate Commitments” thereunder; 

(b)    the Company and its Subsidiaries shall have applied any available Excess Cash as specified in
Section 2.05(c) of the Credit Agreement; and 
 (c)    the Administrative Agent
shall have received a certificate of a Financial Officer of the Company certifying that (i) the Company is in compliance with Section 7.18(c) of the Credit Agreement and (ii) the Company and its Subsidiaries have
no Excess Cash. 
 The Company’s failure to comply with the terms of this Section shall be an immediate Event of Default pursuant to
Section 8.01(b) of the Credit Agreement. 
 7.    Consent of the Guarantors. Each
Guarantor hereby consents, acknowledges and agrees to the amendments and other matters set forth herein and hereby confirms and ratifies in all respects the Guaranty to which it is a party (including without limitation the continuation of each
Guarantor’s payment and performance obligations thereunder upon and after the effectiveness of this Amendment and the amendments, waivers and consents contemplated hereby) and the enforceability of the applicable Guaranty against the applicable
Guarantor in accordance with its terms. 
 8.    Entire Agreement. This Amendment, together with all the Loan
Documents (collectively, the “Relevant Documents”), sets forth the entire understanding and agreement of the parties hereto in relation to the subject matter hereof and supersedes any prior negotiations and agreements among
the parties relating to such subject matter. No promise, condition, representation or warranty, express or implied, not set forth in the Relevant Documents shall bind any party hereto, and no such party has relied on any such promise, condition,
representation or warranty. Each of the parties hereto acknowledges that, except as otherwise expressly stated in the Relevant Documents, no representations, warranties or commitments, express or implied, have been made by any party to the other in
relation to the subject matter hereof or thereof. None of the terms or conditions of this Amendment may be changed, modified, waived or canceled orally or otherwise, except in writing and in accordance with Section 10.01 of
the Credit Agreement. 
 9.    Full Force and Effect of Credit Agreement. Except as hereby specifically amended,
waived, modified or supplemented, the Credit Agreement (and each prior amendment thereto) and each other Loan Document is hereby confirmed and ratified in all respects and shall be and remain in full force and effect according to its respective
terms. 

  
 4 

 10.    Governing Law. This Amendment shall in all respects be governed
by, and construed in accordance with, the laws of the State of New York, and shall be further subject to the provisions of Sections 10.14 and 10.15 of the Credit Agreement. 

11.    Enforceability. Should any one or more of the provisions of this Amendment be determined to be illegal or
unenforceable as to one or more of the parties hereto, all other provisions nevertheless shall remain effective and binding on the parties hereto. 

12.    References. All references in any of the Loan Documents to the “Credit Agreement” shall mean the
Credit Agreement, as amended hereby. This Amendment shall constitute a “Loan Document” for all purposes of the Loan Documents. 

13.    Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the Company, the
Borrower, the Administrative Agent, the Collateral Agent and each of the Guarantors and Lenders, and their respective successors, legal representatives, and assignees to the extent such assignees are permitted assignees as provided in
Section 10.06 of the Credit Agreement. 
 14.    No Novation. Neither the execution and
delivery of this Amendment nor the consummation of any other transaction contemplated hereunder is intended to constitute a novation of the Credit Agreement or of any of the other Loan Documents or any obligations thereunder. 

15.    Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed an
original as against any party whose signature appears thereon, and all of which shall together constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or other electronic means
(e.g. “.pdf” or “.tif”) shall be effective as delivery of a manually executed counterpart of this Amendment. 

16.    FATCA. For purposes of determining withholding Taxes imposed under the Foreign Account Tax Compliance Act
(FATCA), from and after the effective date of this Amendment, it is understood and agreed that the Administrative Agent may treat (and the Lenders hereby authorize the Administrative Agent to treat) the Loans as not qualifying as a
“grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i). 

17.    Posting-Closing Matters. The Company covenants and agrees that promptly, and in any event within the time
allotted to the Company pursuant to Annex IV, deliver, or cause to be delivered, to the Administrative Agent or Collateral Agent, as applicable, each of the agreements, instruments and other documents (each in form and substance reasonably
acceptable to the Administrative Agent or Collateral Agent, as applicable) set forth on Annex IV, or otherwise satisfy, those items set forth on Annex IV. 

18.    Release. EACH OF THE COMPANY AND THE BORROWER, ON ITS OWN BEHALF AND ON BEHALF OF THE OTHER LOAN PARTIES,
ITS AND THEIR RESPECTIVE AFFILIATES, SUBSIDIARIES, PREDECESSORS, SUCCESSORS, LEGAL REPRESENTATIVES AND ASSIGNS (EACH OF THE FOREGOING, COLLECTIVELY, THE “RELEASING PARTIES”), HEREBY ACKNOWLEDGES AND STIPULATES THAT AS OF THE
DATE OF THIS AMENDMENT, NONE OF THE RELEASING PARTIES HAS ANY CLAIMS OR CAUSES OF ACTION OF ANY KIND WHATSOEVER RELATED TO THE CREDIT AGREEMENT OR THE TRANSACTIONS CONTEMPLATED THEREBY AGAINST, OR ANY GROUNDS OR CAUSE FOR REDUCTION, MODIFICATION,
SET ASIDE OR SUBORDINATION OF THE INDEBTEDNESS OR ANY LIENS OR SECURITY INTERESTS OF, THE ADMINISTRATIVE AGENT, THE 

  
 5 

 
COLLATERAL AGENT, THE LENDERS, THE L/C ISSUERS, THE OTHER SECURED BANK CREDITORS, OR ANY OF THEIR AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, ATTORNEYS, OR REPRESENTATIVES, OR AGAINST ANY
OF THEIR RESPECTIVE PREDECESSORS, SUCCESSORS OR ASSIGNS (EACH OF THE FOREGOING, COLLECTIVELY, THE “RELEASED PARTIES”). IN PARTIAL CONSIDERATION FOR THE AGREEMENT OF THE ADMINISTRATIVE AGENT, THE COLLATERAL AGENT, THE LENDERS
AND THE L/C ISSUERS PARTY HERETO TO ENTER INTO THIS AMENDMENT, EACH OF THE RELEASING PARTIES HEREBY UNCONDITIONALLY WAIVES AND FULLY AND FOREVER RELEASES, REMISES, DISCHARGES AND HOLDS HARMLESS THE RELEASED PARTIES FROM ANY AND ALL CLAIMS, CAUSES OF
ACTION, DEMANDS AND LIABILITIES OF ANY KIND WHATSOEVER, WHETHER DIRECT OR INDIRECT, FIXED OR CONTINGENT, LIQUIDATED OR UNLIQUIDATED, DISPUTED OR UNDISPUTED, KNOWN OR UNKNOWN, RELATED TO THE CREDIT AGREEMENT OR THE TRANSACTIONS CONTEMPLATED THEREBY,
WHICH ANY OF THE RELEASING PARTIES HAS OR MAY ACQUIRE IN THE FUTURE RELATING IN ANY WAY TO ANY EVENT, CIRCUMSTANCE, ACTION OR FAILURE TO ACT AT ANY TIME ON OR PRIOR TO THE DATE OF THIS AMENDMENT, SUCH WAIVER, RELEASE AND DISCHARGE BEING MADE WITH
FULL KNOWLEDGE AND UNDERSTANDING OF THE CIRCUMSTANCES AND EFFECTS OF SUCH WAIVER, RELEASE AND DISCHARGE, AND AFTER HAVING CONSULTED LEGAL COUNSEL OF ITS OWN CHOOSING WITH RESPECT THERETO. THIS SECTION IS IN ADDITION TO ANY OTHER RELEASE OF ANY OF
THE RELEASED PARTIES BY THE RELEASING PARTIES AND SHALL NOT IN ANY WAY LIMIT ANY OTHER RELEASE, COVENANT NOT TO SUE OR WAIVER BY THE RELEASING PARTIES IN FAVOR OF THE RELEASED PARTIES. 

[Signature pages follow.] 

  
 6 

 IN WITNESS WHEREOF, the parties hereto have caused this instrument to be made, executed
and delivered by their duly authorized officers as of the day and year first above written. 
  

			
	BORROWER:
	
	 CHICAGO BRIDGE & IRON COMPANY (DELAWARE),

as the Borrower

		
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer

  
 Chicago Bridge & Iron

 Amendment No. 5 to Term Loan Agreement 

Signature Page 

 
			
	COMPANY:
	
	CHICAGO BRIDGE & IRON COMPANY N.V.
		
	By:	 	CHICAGO BRIDGE & IRON COMPANY B.V.,
		 	its Managing Director
		
	By:	 	 /s/ Michael S. Taff

	 Name:
	 	 Michael S. Taff

	 Title:
	 	 Authorized Signatory

  
 Chicago Bridge & Iron

 Amendment No. 5 to Term Loan Agreement 

Signature Page 

 ACKNOWLEDGEMENT 

Each of the undersigned Subsidiary Guarantors hereby acknowledge and agree to the foregoing Amendment. 

 

					
	CHICAGO BRIDGE & IRON COMPANY, a Delaware corporation
		
	By:	 	 /s/ Michael S. Taff

		 	Name:	 	Michael S. Taff
		 	Title:	 	Authorized Signatory
	
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer
	
	CB&I TYLER COMPANY
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer
	
	CB&I LLC
	By:	 	CB&I HoldCo, LLC, its Sole Member
		
	By:	 	 /s/ Regina N. Hamilton

		 	Name:	 	Regina N. Hamilton
		 	Title:	 	Secretary
	
	CHICAGO BRIDGE & IRON COMPANY, an Illinois corporation
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer
	
	A & B BUILDERS, LTD.
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer

  
 Chicago Bridge & Iron

 Amendment No. 5 to Term Loan Agreement 

Signature Page 

					
	ASIA PACIFIC SUPPLY CO.

					
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer

					
	
	CBI AMERICAS LTD.
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer

					
	
	CSA TRADING COMPANY LTD.
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer

					
	
	CB&I WOODLANDS LLC
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer

					
	
	CBI COMPANY LTD.
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer

					
	
	CENTRAL TRADING COMPANY LTD.
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer

					
	
	CONSTRUCTORS INTERNATIONAL, L.L.C.

					
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer

  
 Chicago Bridge & Iron

 Amendment No. 5 to Term Loan Agreement 

Signature Page 

					
	HBI HOLDINGS, LLC
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer
	
	HOWE-BAKER INTERNATIONAL, L.L.C.
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer
	
	HOWE-BAKER ENGINEERS, LTD.
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer
	
	HOWE-BAKER HOLDINGS, L.L.C.
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer
	
	HOWE-BAKER MANAGEMENT, L.L.C.
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer
	
	HOWE-BAKER INTERNATIONAL MANAGEMENT, LLC
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer
	
	MATRIX ENGINEERING, LTD.
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer

  
 Chicago Bridge & Iron

 Amendment No. 5 to Term Loan Agreement 

Signature Page 

					
	  
 MATRIX MANAGEMENT SERVICES, LLC

		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer
	
	OCEANIC CONTRACTORS, INC.
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer
	
	CBI VENEZOLANA, S.A.
		
	By:	 	 /s/ Rui Orlando Gomes

		 	Name:	 	Rui Orlando Gomes
		 	Title:	 	Treasurer
	
	CBI MONTAJES DE CHILE LIMITADA
		
	By:	 	 /s/ Rui Orlando Gomes

		 	Name:	 	Rui Orlando Gomes
		 	Title:	 	Director/Legal Representative
	
	CB&I EUROPE B.V.
		
	By:	 	 /s/ Raymond Buckley

		 	Name:	 	Raymond Buckley
		 	Title:	 	Director
	
	CBI EASTERN ANSTALT
		
	By:	 	 /s/ Raymond Buckley

		 	Name:	 	Raymond Buckley
		 	Title:	 	Director
	
	 CB&I POWER COMPANY B.V.

(f/k/a CMP HOLDINGS B.V.)

		
	By:	 	 /s/ Raymond Buckley

		 	Name:	 	Raymond Buckley
		 	Title:	 	Director

  
 Chicago Bridge & Iron

 Amendment No. 5 to Term Loan Agreement 

Signature Page 

					
	CBI CONSTRUCTORS PTY LTD
		
	By:	 	 /s/ Ian Michael Bendesh

		 	Name:	 	Ian Michael Bendesh
		 	Title:	 	Director
	
	CBI ENGINEERING AND CONSTRUCTION
	CONSULTANT (SHANGHAI) CO. LTD.
		
	By:	 	 /s/ Raymond Buckley

		 	Name:	 	Raymond Buckley
		 	Title:	 	Chairman
	
	CBI (PHILIPPINES), INC.
		
	By:	 	 /s/ Tom Anderson

		 	Name:	 	Tom Anderson
		 	Title:	 	President
	
	CBI OVERSEAS, LLC
		
	By:	 	 /s/ Regina N. Hamilton

		 	Name:	 	Regina N. Hamilton
		 	Title:	 	Secretary
	
	CB&I CONSTRUCTORS LIMITED
		
	By:	 	 /s/ Duncan Wigney

		 	Name:	 	Duncan Wigney
		 	Title:	 	Director
	
	CB&I HOLDINGS (U.K.) LIMITED
		
	By:	 	 /s/ Duncan Wigney

		 	Name:	 	Duncan Wigney
		 	Title:	 	Director
	
	CB&I UK LIMITED
		
	By:	 	 /s/ Duncan Wigney

		 	Name:	 	Duncan Wigney
		 	Title:	 	Director

  
 Chicago Bridge & Iron

 Amendment No. 5 to Term Loan Agreement 

Signature Page 

					
	
	CB&I MALTA LIMITED
		
	By:	 	 /s/ Duncan Wigney

		 	Name:	 	Duncan Wigney
		 	Title:	 	Director
	
	LUTECH RESOURCES LIMITED
		
	By:	 	 /s/ Jonathan Stephenson

		 	Name:	 	Jonathan Stephenson
		 	Title:	 	Secretary
	
	NETHERLANDS OPERATING COMPANY B.V.
		
	By:	 	 /s/ H. M. Koese

		 	Name:	 	H. M. Koese
		 	Title:	 	Director
	
	CBI NEDERLAND B.V.
		
	By:	 	 /s/ Ashok Joshi

		 	Name:	 	Ashok Joshi
		 	Title:	 	Director
	
	ARABIAN GULF MATERIAL SUPPLY COMPANY, LTD.
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Director
	
	PACIFIC RIM MATERIAL SUPPLY COMPANY, LTD.
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Director
	
	SOUTHERN TROPIC MATERIAL SUPPLY COMPANY, LTD.
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Director

  
 Chicago Bridge & Iron

 Amendment No. 5 to Term Loan Agreement 

Signature Page 

					
	CHICAGO BRIDGE & IRON (ANTILLES) N.V.
		
	By:	 	 /s/ Michael S. Taff

		 	Name:	 	Michael S. Taff
		 	Title:	 	Managing Director
	
	LUMMUS TECHNOLOGY HEAT TRANSFER B.V.
		
	By:	 	 /s/ John R. Albanese, Jr.

		 	Name:	 	John R. Albanese, Jr.
		 	Title:	 	Director
	
	LEALAND FINANCE COMPANY B.V.
		
	By:	 	 /s/ Michael S. Taff

		 	Name:	 	Michael S. Taff
		 	Title:	 	Managing Director
	
	CB&I FINANCE COMPANY LIMITED
		
	By:	 	 /s/ Jan Broekman

		 	Name:	 	Jan Broekman
		 	Title:	 	Authorized Signatory
	
	CB&I OIL & GAS EUROPE B.V.
		
	By:	 	 /s/ Michael S. Taff

		 	Name:	 	Michael S. Taff
		 	Title:	 	Managing Director
	
	CBI COLOMBIANA S.A.
		
	By:	 	 /s/ Michael S. Taff

		 	Name:	 	Michael S. Taff
		 	Title:	 	Director
	
	CHICAGO BRIDGE & IRON COMPANY B.V.
		
	By:	 	 /s/ Michael S. Taff

		 	Name:	 	Michael S. Taff
		 	Title:	 	Managing Director

  
 Chicago Bridge & Iron

 Amendment No. 5 to Term Loan Agreement 

Signature Page 

					
	CB&I TECHNOLOGY INTERNATIONAL CORPORATION (f/k/a LUMMUS INTERNATIONAL CORPORATION)
		
	By:	 	 /s/ John R. Albanese, Jr.

		 	Name:	 	John R. Albanese, Jr.
		 	Title:	 	Vice President – Finance – Treasurer
	
	CB&I TECHNOLOGY VENTURES, INC.
	(f/k/a LUMMUS CATALYST COMPANY LTD.)
		
	By:	 	 /s/ John R. Albanese, Jr.

		 	Name:	 	John R. Albanese, Jr.
		 	Title:	 	Vice President & Treasurer
	
	CB&I TECHNOLOGY OVERSEAS CORPORATION (f/k/a LUMMUS OVERSEAS CORPORATION)
		
	By:	 	 /s/ John R. Albanese, Jr.

		 	Name:	 	John R. Albanese, Jr.
		 	Title:	 	Vice President & Treasurer
	
	CATALYTIC DISTILLATION TECHNOLOGIES
		
	By:	 	 /s/ John R. Albanese, Jr.

		 	Name:	 	John R. Albanese, Jr.
		 	Title:	 	Management Committee Member
	
	CB&I TECHNOLOGY INC. (f/k/a LUMMUS TECHNOLOGY, INC.)
		
	By:	 	 /s/ John R. Albanese, Jr.

		 	Name:	 	John R. Albanese, Jr.
		 	Title:	 	CFO & Treasurer
	
	CBI SERVICES, LLC
	By:	 	CB&I HoldCo, LLC, its Sole Member
		
	By:	 	 /s/ Regina N. Hamilton

		 	Name:	 	Regina N. Hamilton
		 	Title:	 	Secretary

  
 Chicago Bridge & Iron

 Amendment No. 5 to Term Loan Agreement 

Signature Page 

					
	WOODLANDS INTERNATIONAL INSURANCE COMPANY
		
	By:	 	 /s/ Timothy Moran

		 	Name:	 	Timothy Moran
		 	Title:	 	Director
	
	CB&I HUNGARY HOLDING LIMITED LIABILITY COMPANY
		
	By:	 	 /s/ William G. Lamb

		 	Name:	 	William G. Lamb
		 	Title:	 	Director
	
	LUMMUS NOVOLEN TECHNOLOGY GMBH
		
	By:	 	 /s/ Godofredo Follmer

		 	Name:	 	Godofredo Follmer
		 	Title:	 	Managing Director
	
	CB&I LUMMUS GMBH
		
	By:	 	 /s/ Andreas Schwarzhaupt

		 	Name:	 	Andreas Schwarzhaupt
		 	Title:	 	Managing Director
	
	CB&I S.R.O.
		
	By:	 	 /s/ Jiri Gregor

		 	Name:	 	Jiri Gregor
		 	Title:	 	Managing Director
	
	CBI PERUANA S.A.C.
		
	By:	 	 /s/ James E. Bishop

		 	Name:	 	James E. Bishop
		 	Title:	 	General Manager
	
	HORTON CBI, LIMITED
		
	By:	 	 /s/ Gregory L. Guse

		 	Name:	 	Gregory L. Guse
		 	Title:	 	Director

  
 Chicago Bridge & Iron

 Amendment No. 5 to Term Loan Agreement 

Signature Page 

					
	CB&I (NIGERIA) LIMITED
		
	By:	 	 /s/ Andy Dadosky

		 	Name:	 	Andy Dadosky
		 	Title:	 	Director
	
	CB&I SINGAPORE PTE LTD.
		
	By:	 	 /s/ Michael S. Taff

		 	Name:	 	Michael S. Taff
		 	Title:	 	Director
	
	CB&I NORTH CAROLINA, INC.
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Director
	
	SHAW ALLOY PIPING PRODUCTS, LLC
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Manager
	
	CB&I WALKER LA, L.L.C.
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Manager

  
 Chicago Bridge & Iron

 Amendment No. 5 to Term Loan Agreement 

Signature Page 

					
	CBI OVERSEAS (FAR EAST) INC.
		
	By:	 	 /s/ Joseph Christaldi

		 	Name:	 	Joseph Christaldi
		 	Title:	 	Director
	
	THE SHAW GROUP INC.
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer
	
	LUMMUS GASIFICATION TECHNOLOGY LICENSING COMPANY
		
	By:	 	 /s/ John R. Albanese, Jr.

		 	Name:	 	John R. Albanese, Jr.
		 	Title:	 	Director
	
	CB&I LAURENS, INC.
		
	By:	 	 /s/ William G. Lamb

		 	Name:	 	William G. Lamb
		 	Title:	 	Vice President – Global Tax
	
	SHAW SSS FABRICATORS, INC.
		
	By:	 	 /s/ Luciano Reyes

		 	Name:	 	Luciano Reyes
		 	Title:	 	Treasurer
	
	CHICAGO BRIDGE & IRON COMPANY (NETHERLANDS), LLC
		
	By:	 	 /s/ Regina N. Hamilton

		 	Name:	 	Regina N. Hamilton
		 	Title:	 	Director

  
 Chicago Bridge & Iron

 Amendment No. 5 to Term Loan Agreement 

Signature Page 

					
	CBI US HOLDING COMPANY INC.
		
	By:	 	 /s/ Regina N. Hamilton

		 	Name:	 	Regina N. Hamilton
		 	Title:	 	Secretary
	
	CBI HOLDCO TWO INC.
		
	By:	 	 /s/ Regina N. Hamilton

		 	Name:	 	Regina N. Hamilton
		 	Title:	 	Secretary
	
	CBI COMPANY BV
		
	By:	 	 /s/ Ashok Joshi

		 	Name:	 	Ashok Joshi
		 	Title:	 	Director
	
	CB&I HOLDCO, LLC
		
	By:	 	 /s/ Regina N. Hamilton

		 	Name:	 	Regina N. Hamilton
		 	Title:	 	Secretary

  
 Chicago Bridge & Iron

 Amendment No. 5 to Term Loan Agreement 

Signature Page 

 
			
	ADMINISTRATIVE AGENT:
	
	 BANK OF AMERICA, N.A.,
 as
Administrative Agent

		
	By:	 	 /s/ Bridgett J. Manduk Mowry

	Name:	 	Bridgett J. Manduk Mowry
	Title:	 	Vice President

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	COLLATERAL AGENT:
	
	 BANK OF AMERICA, N.A.,

As Collateral Agent

		
	By:	 	 /s/ Bridgett J. Manduk Mowry

	Name:	 	Bridgett J. Manduk Mowry
	Title:	 	Vice President

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	LENDERS:
	
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ Sophie Lee

	Name:	 	Sophie Lee
	Title:	 	Vice President

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	ARAB BANKING CORPORATION (B.S.C.), Grand Cayman Branch, as a Lender
		
	By:	 	 /s/ Richard Tull

	Name:	 	Richard Tull
	Title:	 	Head of Wholesale Banking, North America
		
	By:	 	 /s/ Victoria Gale

	Name:	 	Victoria Gale
	Title:	 	Vice President

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	BANK OF MONTREAL, as a Lender
		
	By:	 	 /s/ Michael Gift

	Name:	 	Michael Gift
	Title:	 	Director

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	BANK OF THE WEST, as a Lender
		
	By:	 	 /s/ Robert Likos

	Name:	 	Robert Likos
	Title:	 	Director

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	BNP PARIBAS, as a Lender
		
	By:	 	 /s/ Todd Rogers

	Name:	 	Todd Rodgers
	Title:	 	Director
		
	By:	 	 /s/ Mary-Ann Wong

	Name:	 	Mary-Ann Wong
	Title:	 	Vice President

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	BOKF, NA DBA BANK OF TEXAS, as a Lender
		
	By:	 	 /s/ Marian Livingston

	Name:	 	Marian Livingston
	Title:	 	Senior Vice President

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	CITIBANK, N.A., as a Lender
		
	By:	 	 /s/ Millie Schild

	Name:	 	Millie Schild
	Title:	 	Vice President

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	COMPASS BANK, as a Lender
		
	By:	 	 /s/ Aaron Loyd

	Name:	 	Aaron Loyd
	Title:	 	Director

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a Lender
		
	By:	 	 /s/ Page Dillehunt

	Name:	 	Page Dillehunt
	Title:	 	Managing Director
		
	By:	 	 /s/ Michael Willis

	Name:	 	Michael Willis
	Title:	 	Managing Director

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	DBS BANK LTD., as a Lender
		
	By:	 	 /s/ Yeo How Ngee

	Name:	 	Yeo How Ngee
	Title:	 	Managing Director

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	E.SUN COMMERCIAL BANK, LTD., LOS ANGELES, as a Lender
		
	By:	 	 /s/ Edward Chen

	Name:	 	Edward Chen
	Title:	 	SVP & General Manager

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	FIFTH THIRD BANK, as a Lender
		
	By:	 	 /s/ Timothy Sackson

	Name:	 	Timothy Sackson
	Title:	 	Vice President

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	HSBC BANK USA, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ Rumesha Ahmed

	Name:	 	Rumesha Ahmed
	Title:	 	Vice President

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	ING BANK N.V., DUBLIN BRANCH, as a Lender
		
	By:	 	 /s/ Sean Hassett

	Name:	 	Sean Hassett
	Title:	 	Director
		
	By:	 	 /s/ Padraig Matthews

	Name:	 	Padraig Matthews
	Title:	 	Director

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	INTESA SANPAOLO S.P.A., NEW YORK BRANCH, as a Lender
		
	By:	 	 /s/ Jennifer Feldman Facciola

	Name:	 	Jennifer Feldman Facciola
	Title:	 	VP & relationship Manager
		
	By:	 	 /s/ Francesco Di Mario

	Name:	 	Francesco Di Mario
	Title:	 	FVP & Head of Credit

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	LLOYDS BANK PLC, as a Lender
		
	By:	 	 /s/ Erin Walsh

	Name:	 	Erin Walsh
	Title:	 	Assistant Vice President
		
	By:	 	 /s/ Daven Popat

	Name:	 	Daven Popat
	Title:	 	Senior Vice President

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	NATIONAL BANK OF KUWAIT, S.A.K., as a Lender
		
	By:	 	 /s/ Marwan Isbaih

	Name:	 	Marwan Isbaih
	Title:	 	General Manager
		
	By:	 	 /s/ Michael McHugh

	Name:	 	Michael McHugh
	Title:	 	Executed Manager

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	NBAD AMERICAS N.V., as a Lender
		
	By:	 	 /s/ David Young

	Name:	 	David Young
	Title:	 	Director, Client Relationship
		
	By:	 	 /s/ William Ghazar

	Name:	 	William Ghazar
	Title:	 	Executive Director - Head of Client Relationship

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	REGIONS BANK, as a Lender
		
	By:	 	 /s/ Joey Powell

	Name:	 	Joey Powell
	Title:	 	Director

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	RIYAD BANK, HOUSTON AGENCY, as a Lender
		
	By:	 	 /s/ Michael Meiss

	Name:	 	Michael Meiss
	Title:	 	General Manager
		
	By:	 	 /s/ Tim Hartnett

	Name:	 	Tim Hartnett
	Title:	 	Vice President & Administrative Officer

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	 SANTANDER BANK, N.A., as a Lender

		
	 By:
	 	 /s/ Andres Barbosa

	 Name:
	 	 Andres Barbosa

	 Title:
	 	 Executive Director

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	SUNTRUST BANK, as a Lender
		
	By:	 	 /s/ Justin Lien

	Name:	 	Justin Lien
	Title:	 	Director

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	THE BANK OF NOVA SCOTIA, as a Lender
		
	By:	 	 /s/ Michael Grad

	Name:	 	Michael Grad
	Title:	 	Director

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender
		
	By:	 	 /s/ Mark Maloney

	Name:	 	Mark Maloney
	Title:	 	Authorized Signatory

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	THE STANDARD BANK OF SOUTH AFRICA LIMITED, as a Lender
		
	By:	 	 /s/ G. Fyfe

	Name:	 	G. Fyfe
	Title:	 	Head - MEI, Investment Banking

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	TORONTO-DOMINION (TEXAS) LLC, as a Lender
		
	By:	 	 /s/ Annie Dorval

	Name:	 	Annie Dorval
	Title:	 	Authorized Signatory

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	THE BANK OF EAST ASIA, LIMITED, NEW YORK BRANCH, as a Lender
		
	By:	 	 /s/ Kitty Sin

	Name:	 	Kitty Sin
	Title:	 	SVP
		
	By:	 	 /s/ Danny Leung

	Name:	 	Danny Leung
	Title:	 	SVP & COO

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	THE NORTHERN TRUST COMPANY, as a Lender
		
	By:	 	 /s/ Robert P. Veltian

	Name:	 	Robert P. Veltian
	Title:	 	Vice President

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	UNICREDIT BANK AG, NEW YORK BRANCH, as a Lender
		
	By:	 	 /s/ Ken Hamilton

	Name:	 	Ken Hamilton
	Title:	 	Managing Director
		
	By:	 	 /s/ Betsy Briggs

	Name:	 	Betsy Briggs
	Title:	 	Associate Director

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 
			
	ZB, NA D/B/A AMEGY BANK NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ Lauren Eller

	Name:	 	Lauren Eller
	Title:	 	Assistant Vice President

  
 Chicago Bridge & Iron

 Amendment No. 5 and Waiver to Term Loan Agreement 

Signature Page 

 ANNEX I 

CONFORMED CREDIT AGREEMENT 

(see attached) 
  

 
  

Published CUSIP Numbers: 16725MAK7 (Deal) 

Term Loan: 16725MAL5 
 EXECUTION VERSION

 TERM LOAN AGREEMENT1 

Dated as of July 8, 2015 

among 
  

 
 

 
 CHICAGO BRIDGE & IRON COMPANY N.V., 

as Guarantor, 
 CHICAGO
BRIDGE & IRON COMPANY (DELAWARE), 
 as the Borrower, 

BANK OF AMERICA, N.A., 
 as
Administrative Agent and Collateral Agent, 
 and 

The Other Lenders Party Hereto 

BANK OF AMERICA MERRILL LYNCH 

and  
 CRÉDIT
AGRICOLE CORPORATE AND INVESTMENT BANK, 
 as Joint Lead Arrangers and Joint Bookrunners 

CRÉDIT AGRICOLE CORPORATE, 

as Syndication Agent 
 BNP
PARIBAS SECURITIES CORP., 
 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD 

and 
 COMPASS BANK, 

as Co-Documentation Agents 
  

 
  

 
  

	1 	Conformed version to include Amendments 1, 2, 3 4 and 5. 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I
	 	 DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	 
			
	 1.01
	 	 Defined Terms
	  	 	1	 
	 1.02
	 	 Other Interpretive Provisions
	  	 	38	 
	 1.03
	 	 Accounting Terms
	  	 	38	 
	 1.04
	 	 Rounding
	  	 	39	 
	 1.05
	 	 Times of Day
	  	 	39	 
	 1.06
	 	 Supplemental Disclosure
	  	 	39	 
			
	 ARTICLE II
	 	 THE COMMITMENTS AND BORROWINGS
	  	 	39	 
			
	 2.01
	 	 Loans
	  	 	39	 
	 2.02
	 	 Borrowings, Conversions and Continuations of Loans
	  	 	40	 
	 2.03
	 	 Prepayments
	  	 	41	 
	 2.04
	 	 Reduction of Commitments
	  	 	43	 
	 2.05
	 	 Repayment of Loans
	  	 	43	 
	 2.06
	 	 Interest
	  	 	43	 
	 2.07
	 	 Fees
	  	 	44	 
	 2.08
	 	 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate
	  	 	44	 
	 2.09
	 	 Evidence of Debt
	  	 	45	 
	 2.10
	 	 Payments Generally; Administrative Agent’s Clawback
	  	 	45	 
	 2.11
	 	 Sharing of Payments by Lenders
	  	 	47	 
	 2.12
	 	 [Reserved]
	  	 	47	 
	 2.13
	 	 Defaulting Lenders
	  	 	47	 
			
	 ARTICLE III
	 	 TAXES, YIELD PROTECTION AND ILLEGALITY
	  	 	49	 
			
	 3.01
	 	 Taxes
	  	 	49	 
	 3.02
	 	 Illegality
	  	 	54	 
	 3.03
	 	 Inability to Determine Rates
	  	 	54	 
	 3.04
	 	 Increased Costs; Reserves on Eurodollar Rate Loans
	  	 	55	 
	 3.05
	 	 Compensation for Losses
	  	 	56	 
	 3.06
	 	 Mitigation Obligations; Replacement of Lenders
	  	 	57	 
	 3.07
	 	 Survival
	  	 	57	 
			
	 ARTICLE IV
	 	 CONDITIONS PRECEDENT
	  	 	58	 
			
	 4.01
	 	 Conditions of Initial Advance
	  	 	58	 
			
	 ARTICLE V
	 	 REPRESENTATIONS AND WARRANTIES
	  	 	59	 
			
	 5.01
	 	 Organization; Corporate Powers
	  	 	59	 
	 5.02
	 	 Authority, Execution and Delivery; Loan Documents
	  	 	60	 
	 5.03
	 	 No Conflict; Governmental Consents
	  	 	60	 
	 5.04
	 	 No Material Adverse Change
	  	 	61	 
	 5.05
	 	 Financial Statements
	  	 	61	 
	 5.06
	 	 Payment of Taxes
	  	 	61	 

  
 -i- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 5.07
	 	 Litigation; Loss Contingencies and Violations
	  	 	62	 
	 5.08
	 	 Subsidiaries
	  	 	62	 
	 5.09
	 	 ERISA
	  	 	62	 
	 5.10
	 	 Accuracy of Information
	  	 	63	 
	 5.11
	 	 Securities Activities
	  	 	63	 
	 5.12
	 	 Material Agreements
	  	 	63	 
	 5.13
	 	 Compliance with Laws
	  	 	64	 
	 5.14
	 	 Assets and Properties
	  	 	64	 
	 5.15
	 	 Statutory Indebtedness Restrictions
	  	 	64	 
	 5.16
	 	 Insurance
	  	 	64	 
	 5.17
	 	 Environmental Matters
	  	 	64	 
	 5.18
	 	 Benefits
	  	 	65	 
	 5.19
	 	 Solvency
	  	 	65	 
	 5.20
	 	 OFAC
	  	 	65	 
	 5.21
	 	 PATRIOT Act
	  	 	65	 
	 5.22
	 	 Senior Indebtedness
	  	 	66	 
	 5.23
	 	 Anti-Corruption Laws
	  	 	66	 
	 5.24
	 	 Not an EEA Financial Institution
	  	 	66	 
	 5.25
	 	 Security Instruments
	  	 	66	 
	 5.26
	 	 Regulation H
	  	 	67	 
	 5.27
	 	 Labor Disputes
	  	 	67	 
			
	 ARTICLE VI
	 	 AFFIRMATIVE COVENANTS
	  	 	67	 
			
	 6.01
	 	 Financial Report
	  	 	67	 
	 6.02
	 	 Notices
	  	 	69	 
	 6.03
	 	 Existence, Etc
	  	 	73	 
	 6.04
	 	 Corporate Powers; Conduct of Business
	  	 	73	 
	 6.05
	 	 Compliance with Laws, Etc
	  	 	73	 
	 6.06
	 	 Payment of Taxes and Claims; Tax Consolidation
	  	 	74	 
	 6.07
	 	 Insurance
	  	 	74	 
	 6.08
	 	 Inspection of Property; Books and Records; Discussions
	  	 	74	 
	 6.09
	 	 ERISA Compliance
	  	 	75	 
	 6.10
	 	 Maintenance of Property
	  	 	75	 
	 6.11
	 	 Environmental Compliance
	  	 	75	 
	 6.12
	 	 Use of Proceeds
	  	 	75	 
	 6.13
	 	 Covenant to Guarantee Obligations and Give Security
	  	 	76	 
	 6.14
	 	 Foreign Employee Benefit Compliance
	  	 	80	 
	 6.15
	 	 Anti-Corruption Laws
	  	 	80	 
	 6.16
	 	 Appraisals
	  	 	80	 
	 6.17
	 	 Further Assurances
	  	 	80	 
	 6.18
	 	 Most Favored Lender Status
	  	 	80	 
	 6.19
	 	 Technology Disposition
	  	 	81	 
	 6.20
	 	 Strategic Review
	  	 	82	 
	 6.21
	 	 Pari Passu Ranking
	  	 	82	 

  
 -ii- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 ARTICLE VII
	 	 NEGATIVE COVENANTS
	  	 	82	 
			
	 7.01
	 	 Indebtedness
	  	 	82	 
	 7.02
	 	 Sales of Assets
	  	 	84	 
	 7.03
	 	 Liens
	  	 	85	 
	 7.04
	 	 Investments
	  	 	86	 
	 7.05
	 	 Contingent Obligations
	  	 	87	 
	 7.06
	 	 Conduct of Business; Subsidiaries; Acquisitions
	  	 	88	 
	 7.07
	 	 Transactions with Shareholders and Affiliates
	  	 	88	 
	 7.08
	 	 Restriction on Fundamental Changes
	  	 	88	 
	 7.09
	 	 Sales and Leasebacks
	  	 	89	 
	 7.10
	 	 Margin Regulations
	  	 	89	 
	 7.11
	 	 ERISA
	  	 	89	 
	 7.12
	 	 Subsidiary Covenants
	  	 	89	 
	 7.13
	 	 Swap Contracts
	  	 	90	 
	 7.14
	 	 Issuance of Disqualified Stock
	  	 	90	 
	 7.15
	 	 Non-Guarantor Subsidiaries
	  	 	90	 
	 7.16
	 	 Intercompany Indebtedness
	  	 	90	 
	 7.17
	 	 Restricted Payments
	  	 	90	 
	 7.18
	 	 Financial Covenants
	  	 	91	 
	 7.19
	 	 Sanctions
	  	 	92	 
	 7.20
	 	 Anti-Corruption Laws
	  	 	92	 
			
	 ARTICLE VIII
	 	 EVENTS OF DEFAULT AND REMEDIES
	  	 	92	 
			
	 8.01
	 	 Events of Default
	  	 	92	 
	 8.02
	 	 Remedies Upon Event of Default
	  	 	95	 
	 8.03
	 	 Application of Funds
	  	 	96	 
			
	 ARTICLE IX
	 	 ADMINISTRATIVE AGENT
	  	 	97	 
			
	 9.01
	 	 Appointment and Authority
	  	 	97	 
	 9.02
	 	 Rights as a Lender
	  	 	97	 
	 9.03
	 	 Exculpatory Provisions
	  	 	98	 
	 9.04
	 	 Reliance by Administrative Agent
	  	 	99	 
	 9.05
	 	 Delegation of Duties
	  	 	99	 
	 9.06
	 	 Resignation of Administrative Agent
	  	 	99	 
	 9.07
	 	 Non-Reliance on Administrative Agent and Other
Lenders
	  	 	100	 
	 9.08
	 	 No Other Duties, Etc
	  	 	101	 
	 9.09
	 	 Administrative Agent May File Proofs of Claim
	  	 	101	 
	 9.10
	 	 Collateral and Guaranty Matters
	  	 	101	 
	 9.11
	 	 Secured Cash Management Agreements, Secured Hedge Agreements, and Secured Bilateral Letters of
Credit
	  	 	102	 
			
	 ARTICLE X
	 	 MISCELLANEOUS
	  	 	103	 
			
	 10.01
	 	 Amendments, Etc
	  	 	103	 
	 10.02
	 	 Notices; Effectiveness; Electronic Communication
	  	 	105	 
	 10.03
	 	 No Waiver; Cumulative Remedies; Enforcement
	  	 	107	 

  
 -iii- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 10.04
	 	 Expenses; Indemnity; Damage Waiver
	  	 	107	 
	 10.05
	 	 Payments Set Aside
	  	 	109	 
	 10.06
	 	 Successors and Assigns
	  	 	110	 
	 10.07
	 	 Treatment of Certain Information; Confidentiality
	  	 	113	 
	 10.08
	 	 Right of Setoff
	  	 	114	 
	 10.09
	 	 Interest Rate Limitation
	  	 	115	 
	 10.10
	 	 Counterparts; Integration; Effectiveness
	  	 	115	 
	 10.11
	 	 Survival of Representations and Warranties
	  	 	115	 
	 10.12
	 	 Severability
	  	 	116	 
	 10.13
	 	 Replacement of Lenders
	  	 	116	 
	 10.14
	 	 Governing Law; Jurisdiction; Etc
	  	 	117	 
	 10.15
	 	 Waiver of Jury Trial
	  	 	118	 
	 10.16
	 	 No Advisory or Fiduciary Responsibility
	  	 	118	 
	 10.17
	 	 Electronic Execution of Assignments and Certain Other Documents
	  	 	119	 
	 10.18
	 	 USA PATRIOT Act
	  	 	119	 
	 10.19
	 	 Entire Agreement
	  	 	119	 
	 10.20
	 	 Keepwell
	  	 	120	 
	 10.21
	 	 Authorization
	  	 	120	 
	 10.22
	 	 Acknowledgement and Consent to Bail-In of EEA Financial
Institutions
	  	 	120	 
			
	 ARTICLE XI
	 	 GUARANTY
	  	 	121	 
			
	 11.01
	 	 Guaranty
	  	 	121	 
	 11.02
	 	 Waivers; Subordination of Subrogation
	  	 	122	 
	 11.03
	 	 Guaranty Absolute
	  	 	122	 
	 11.04
	 	 Acceleration
	  	 	123	 
	 11.05
	 	 Marshaling; Reinstatement
	  	 	123	 
	 11.06
	 	 Termination Date
	  	 	124	 
	 11.07
	 	 Subordination of Intercompany Indebtedness
	  	 	124	 

  
 -iv- 

			
	 SCHEDULES
	  	
		
	 1.01A
	  	 Excluded Foreign Subsidiaries

	 1.01B
	  	 Material Subsidiaries

	 1.01C
	  	 Subsidiary Guarantors

	 2.01
	  	 Commitments and Applicable Percentages

	 5.07
	  	 Litigation

	 5.08
	  	 Subsidiaries

	 5.09
	  	 Pensions and Post-Retirement Plans

	 5.17
	  	 Environmental Matters

	 7.01
	  	 Permitted Existing Indebtedness

	 7.03
	  	 Permitted Existing Liens

	 7.04A
	  	 Permitted Existing Investments

	 7.04B
	  	 Permitted Existing J/V Investments

	 7.05
	  	 Permitted Existing Contingent Obligations

	 7.12
	  	 Subsidiary Covenants

	 7.17
	  	 Permitted Restricted Payments

	 10.02
	  	 Administrative Agent’s Office; Certain Addresses for Notices

		
	 EXHIBITS
	  	
	
	 Form of

		
	 A
	  	 Borrowing/Election Notice

	 B
	  	 Note

	 C
	  	 Compliance Certificate

	 D
	  	 Assignment and Assumption

	 E
	  	 Officer’s Certificate

	 F
	  	 Subsidiary Guaranty

	 G-1
	  	 Company’s US Counsel’s Opinion

	 G-2
	  	 Company’s Foreign Counsel’s Opinion

	
H-1–H-4
	  	 U.S. Tax Compliance Certificates

  
 -v- 

 TERM LOAN AGREEMENT 

This TERM LOAN AGREEMENT (“Agreement”) is entered into as of July 8, 2015 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 “Borrower”), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), and BANK OF AMERICA, N.A., as Administrative Agent
and Collateral Agent. 
 The Loan Parties (as hereinafter defined) have requested that the Lenders make term loans to the Loan Parties in an
aggregate principal amount of up to $500,000,000.00. 
 The Lenders have agreed to make such loans and other financial accommodations to the
Loan Parties on the terms and subject to the conditions set forth herein. 
 In consideration of the mutual covenants and agreements herein
contained, the parties hereto covenant and agree as follows: 
 ARTICLE I 

DEFINITIONS AND ACCOUNTING TERMS 

1.01    Defined Terms. As used in this Agreement, the following terms shall have the meanings set forth
below: 
 “Accounting Change” has the meaning specified in Section 1.03. 

“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 (a) 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 (b) 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” has the meaning specified in Section 10.18. 

“Adjusted Indebtedness” of a Person means, without duplication, such Person’s Indebtedness but excluding
obligations with respect to (a) the undrawn portion of any Performance Letters of Credit (under and as defined in each of the Existing 2013 Revolving Credit Agreement and the Existing 2015 Revolving Credit Agreement), bank guarantees supporting
obligations comparable to those supported by performance letters of credit and all reimbursement agreements related thereto and (b) 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” means Bank of America in its
capacity as administrative agent under any of the Loan Documents, or any successor administrative agent. 

 “Administrative Agent’s Office” means the Administrative Agent’s
address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify to the Company and the Lenders. 

“Administrative Questionnaire” means an Administrative Questionnaire in substantially a form approved by the Administrative
Agent. 
 “Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or
more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Aggregate
Commitments” means the Commitments of all the Lenders. 
 “Agreement” means this Credit Agreement. 

“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 5.05(b) hereof; provided, however, except as provided in
Section 1.03, 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 5.05(b) hereof. 

“Amendment No. 2 Closing Date” means February 24, 2017, the effective date of Amendment No. 2 to
Term Loan Agreement by and among the Company, the Borrower, the Administrative Agent and the Lenders party thereto. 
 “Amendment
No. 3 Closing Date” means May 8, 2017, the effective date of Amendment No. 3 and Waiver to Term Loan Agreement by and among the Company, the Borrower, the Administrative Agent and the Lenders party thereto. 

“Amendment No. 4” means Amendment No. 4 to Term Loan Agreement by and among the Company, the
Borrower, the Administrative Agent and the Lenders party thereto. 
 “Amendment No. 4 Closing Date”
means May 29, 2017, the effective date of Amendment No. 4. 
 “Amendment No. 5” means
Amendment No. 5 and Waiver to Term Loan Agreement by and among the Company, the Borrower, the Administrative Agent, the Collateral Agent and the Lenders party thereto. 

“Amendment No. 5 Closing Date” means August 9, 2017, the effective date of Amendment No. 5. 

  
 2 

 “Applicable Balance” means (i) with respect to this Agreement, the
outstanding balance of Loans as of the Relevant Completion Date; (ii) with respect to the Existing 2013 Revolving Credit Agreement, the average daily Applicable Outstandings (as defined in such agreement) for the 90 day period preceding the
Relevant Completion Date; (iii) with respect to the Existing 2015 Revolving Credit Agreement, the average daily Applicable Outstandings (as defined in such agreement) for the 90 day period preceding the Relevant Completion Date; and
(iv) with respect to the Note Purchase Agreements, the outstanding principal balance of NPA Notes as of the Relevant Completion Date. 

“Applicable Outstandings” means, at any time, the Total Outstandings less the amount of Cash Collateral held by the
Administrative Agent at such time. 
 “Applicable Percentage” means with respect to any Lender at any time, the percentage
(carried out to the ninth decimal place) of the Facility represented by (a) on or prior to the Closing Date, such Lender’s Commitment at such time and (b) thereafter, the outstanding principal amount of such Lender’s Loans at
such time. If the commitment of each Lender to make Loans has been terminated pursuant to Section 8.02 or if the Aggregate Commitments have expired, then the Applicable Percentage of each Lender shall be determined based on
the Applicable Percentage of such Lender most recently in effect, giving effect to any subsequent assignments. The initial Applicable Percentage of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the
Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable. 
 “Applicable Rate” means
(i) with respect to any Eurodollar Rate Loan, 5.00% per annum; and (ii) with respect to any Base Rate Loan, 4.00% per annum. 

“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” mean each of Merrill
Lynch, Pierce, Fenner & Smith Incorporated (or any other registered broker-dealer wholly-owned by Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’
investment banking, commercial lending services or related businesses may be transferred following the date of this Agreement), Compass Bank, BNP Paribas Securities Corp., Crédit Agricole Corporate and Investment Bank and The Bank of
Tokyo-Mitsubishi UFJ, Ltd., each in its capacity as a joint lead arranger and joint bookrunner. 
 “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. 
 “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 10.06(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 

 “Bail-In Action” means the exercise of
any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule. 
 “Bank of America” means Bank of America, N.A. and its successors. 

“Bankruptcy Code” means 11 U.S.C. § 101 et seq. 

“Base Rate” means for any day a fluctuating rate per annum equal to the
highest of (a) the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,” and (c) the Eurodollar Rate
plus 1.00%; provided that in no event shall such rate be less than 0%. The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic
conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such prime rate announced by Bank of America shall take effect at the opening of
business on the day specified in the public announcement of such change. 
 “Base Rate Loan” means a Loan that bears
interest based on the Base Rate. 
 “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. 
 “Borrower” has the meaning specified in the introductory paragraph hereto. 

“Borrower Materials” has the meaning specified in Section 6.02. 

“Borrowing” means a borrowing consisting of simultaneous Loans of the same Type and, in the case of Eurodollar Rate Loans,
having the same Interest Period, made by each of the Lenders pursuant to Section 2.01. 

“Borrowing/Election Notice” means a notice of (a) a Borrowing, (b) a conversion of Loans from one Type to the
other, or (c) a continuation of Eurodollar Rate Loans, in each case pursuant to Section 2.02(a), which shall be substantially in the form of Exhibit A or such other form as may be approved by the Administrative
Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower. 

“Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close
under the Laws of, or are in fact closed in, New York, 

  
 4 

 
New York or the state where the Administrative Agent’s Office is located, and in respect of any fundings, disbursements, settlements and payments in respect of any Eurodollar Rate Loan, or
any other dealings to be carried out pursuant to this Agreement in respect of any Eurodollar Rate Loan, means any such day that is also a London Banking Day. 

“Capital Stock” means (a) in the case of a corporation, corporate stock, (b) in the case of an association or
business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock, (c) in the case of a partnership, partnership interests (whether general or limited) and (d) 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 Equivalents” means (a) 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; (b) 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, 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; (c) 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”); (d) 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
(e) 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. 

“Cash Management Agreement” means any agreement to provide cash management services, including treasury, depository,
overdraft, credit or debit card, electronic funds transfer and other cash management arrangements. 
 “Cash Management
Bank” means any Person that, at the time it enters into a Cash Management Agreement, is a Lender or an Affiliate of a Lender, in its capacity as a party to such Cash Management Agreement. 

  
 5 

 “Change in Law” 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 in Law”, regardless of the date enacted, adopted or issued. 
 “Change of Control” means an event or
series of events by which: 
 (a)    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 

(b)    the majority of the board of directors of the Company fails to consist of Continuing Directors; or

 (c)    except as expressly permitted under the terms of this Agreement, the Company, the Borrower 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, the Borrower or any
Subsidiary Borrower, in either event pursuant to a transaction in which the outstanding Capital Stock of the Company, the Borrower or such Subsidiary Borrower, as applicable, is reclassified or changed into or exchanged for cash, securities or other
property; or 
 (d)    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 first date all the conditions precedent in Section 4.01 are satisfied or waived in accordance with Section 10.01. 

“Code” means the Internal Revenue Code of 1986. 

“Collateral” shall have the meaning described in the applicable Security Instrument. 

  
 6 

 “Collateral Agent” means Bank of America in its capacity as Collateral Agent
under the Loan Documents pursuant to Section 9.01 or any successor collateral agent. 
 “Collateral Loan
Party” means each Dutch Loan Party, each U.S. Loan Party, each Curaçao Loan Party, each UK Loan Party, each Liechtenstein Loan Party and any other Person in which the Collateral Agent or any Lender is granted a Lien under any
Security Instrument as security for all or any portion of the Obligations. 
 “Commitment” means, as to each Lender, its
obligation to make Loans to the Borrower pursuant to Section 2.01 in an aggregate principal amount at any one time outstanding not to exceed the Dollar amount set forth opposite such Lender’s name on Schedule
2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, in each case, as such amount may be adjusted from time to time in accordance with this Agreement. 

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time,
and any successor statute. 
 “Company” has the meaning specified in the introductory paragraph hereto. 

“Compliance Certificate” means a certificate substantially in the form of Exhibit C. 

“Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or
that are franchise Taxes or branch profits Taxes. 
 “Consolidated Fixed Charges” means, for any period, the sum of
(a) Consolidated Long-Term Lease Rentals for such period and (b) consolidated Interest Expense of the Company and its Subsidiaries (including capitalized interest and the interest component of Capitalized Leases) for such period. 

“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), (b) cash distributions received by the Company or any Subsidiary from any Eligible
Joint Venture and (c) 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. 
 “Consolidated Net Income Available for Fixed Charges” means, for any period, Consolidated Net
Income plus, to the extent deducted in determining such Consolidated Net 

  
 7 

 
Income, (a) provisions for income taxes, (b) Consolidated Fixed Charges, (c) 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, (d) non-cash compensation expenses for management or employees to the extent deducted in computing Consolidated
Net Income, (e) up to $50,000,000, in the aggregate, of charges, expenses and losses incurred from restructuring and integration activities, including in connection with the Technology Disposition, from the Amendment No. 5 Closing Date
through the last day of the fiscal quarter ending December 31, 2018, (f) the amount of any project charges (or Eligible Project Charges, as the case may be) incurred by the Company or its Subsidiaries up to a maximum of (i) $600,000,000 of
project charges for the fiscal quarter ending June 30, 2017, (ii) $105,000,000 of Eligible Project Charges for the fiscal quarter ending September 30, 2017, and (iii) $100,000,000 of Eligible Project Charges for the fiscal quarter ending
December 31, 2017; provided that unused add backs for project charges may not be rolled forward and used in a subsequent quarter and (g) equity earnings booked or recognized by the Company or any of its Subsidiaries from Eligible Joint
Ventures not to exceed 15% (or such lower percentage as may be set forth in the Note Purchase Agreements) of EBITDA of the Company pursuant to clauses (a) through (g) of the definition thereof for such period. 

“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 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. 

  
 8 

 “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, 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 Group” means the group consisting of (a) 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; (b) 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 (c) 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 (a) above or any partnership or trade or
business described in clause (b) above. 
 “Curaçao Collateral” shall mean and include all
“Collateral” (or any similarly defined term) as defined in the Curaçao Security Agreement. 
 “Curaçao Loan
Party” shall mean each Subsidiary Guarantor organized under the laws of Curaçao.  

“Curaçao Security Agreement” shall mean each of the security documents expressed to be governed by the laws of
Curaçao (as modified, supplemented, amended or amended and restated from time to time) covering certain of such Curaçao Loan Party’s present and future Curaçao Collateral. 

“Curaçao Security Instruments” shall mean the Curaçao Security Agreement and all other agreements (including
control agreements), notices of security interest, instruments, joinders thereto, supplements thereto, and other documents, whether now existing or hereafter in effect, pursuant to which a Curaçao Loan Party shall grant or convey to the
Collateral Agent or the Lenders a Lien in, or any other Person shall acknowledge any such Lien in, property as security for all or any portion of the Obligations or any other obligation under any Loan Document, as any of them has been or may be
amended, amended and restated, modified or supplemented from time to time. 
 “Customary Permitted Liens” means: 

(a)    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 

  
 9 

 
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; 

(b)    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; 

(c)    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 (i) 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 (ii) 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; 
 (d)    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; 

(e)    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 8.01(h) hereof; and 

(f)    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. 
 “Default” means any event or condition that constitutes an
Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default. 

  
 10 

 “Default Rate” means an interest rate equal to (a) the Base Rate
plus (b) the Applicable Rate, if any, applicable to Base Rate Loans plus (c) 2% per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest rate equal to the
interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum. 
 “Defaulting
Lender” means, subject to Section 2.13(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded
hereunder unless such Lender notifies the Administrative Agent and the Company in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent,
together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within two
(2) Business Days of the date when due, (b) has notified the Company or the Administrative Agent in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless
such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together
with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three (3) Business Days after written request by the Administrative Agent or the Company, to
confirm in writing to the Administrative Agent and the Company that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause
(c) upon receipt of such written confirmation by the Administrative Agent and the Company), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law,
(ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit
Insurance Corporation or any other state or federal regulatory authority acting in such a capacity, or (iii) become the subject of a Bail-In Action; provided that for the avoidance of doubt, a
Lender shall not be a Defaulting Lender solely by virtue of (i) the ownership or acquisition of any Capital Stock in that Lender or any direct or indirect parent company thereof by a Governmental Authority or (ii) in the case of a Solvent
Person, the precautionary appointment of an administrator, guardian, custodian or other similar official by a Governmental Authority under or based on the Law of the country where such Person is subject to home jurisdiction supervision if
applicable Law requires that such appointment not be publicly disclosed, in any such case, so long as such ownership interest or where such action (as applicable) does not result in or provide such Lender 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 Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such
Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above, and of the effective date of such status, shall be conclusive and binding
absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.13(b)) as of the date established therefor by the Administrative Agent in a written notice of such determination, which
shall be delivered by the Administrative Agent to the Company and each Lender promptly following such determination. 
 “Designated
Jurisdiction” means any country or territory to the extent that such country or territory itself is the subject of any Sanction. 

  
 11 

 “Direct Foreign Subsidiary” means a Subsidiary other than a Domestic Subsidiary
a majority of whose Voting Securities, or a majority of whose Subsidiary Securities, are owned by a Domestic Subsidiary. 

“Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition (including any sale
and leaseback transaction) of any property by any Person, including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. 

“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 Maturity Date. 
 “DOL” means
the United States Department of Labor and any Person succeeding to the functions thereof. 
 “Dollar” and
“$” mean lawful money of the United States. 
 “Domestic Subsidiary” means any Subsidiary of the Company
(a) that is organized under the laws of the United States, any state thereof or the District of Columbia and (b) substantially all of the operations of which are conducted within the United States. 

“Dutch Collateral” shall mean and include all “Collateral” (or any similarly defined term) as defined in the Dutch
Security Agreement. 
 “Dutch Loan Party” means each Subsidiary Guarantor organized under the laws of The Netherlands. 

“Dutch Security Agreement” shall mean each of the security documents expressed to be governed by the laws of The Netherlands
(as modified, supplemented, amended or amended and restated from time to time) covering certain of such Dutch Loan Party’s present and future Dutch Collateral. 

“Dutch Security Instruments” shall mean the Dutch Security Agreement and all other agreements (including control agreements),
notices of security interest, instruments, joinders thereto, supplements thereto, and other documents, whether now existing or hereafter in effect, pursuant to which a Dutch Loan Party shall grant or convey to the Collateral Agent or the Lenders a
Lien in, or any other Person shall acknowledge any such Lien in, property as security for all or any portion of the Obligations or any other obligation under any Loan Document, as any of them has been or may be amended, amended and restated,
modified or supplemented from time to time. 
 “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 (a) Consolidated Net Income, plus (b) Interest Expense to the extent
deducted in computing Consolidated Net Income, plus 

  
 12 

 
(c) charges against income for foreign, federal, state and local taxes to the extent deducted in computing Consolidated Net Income, plus (d) 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 (e) extraordinary losses incurred other than in
the ordinary course of business to the extent deducted in computing Consolidated Net Income, minus (f) any non-recurring non-cash credits to the extent added
in computing Consolidated Net Income, minus (g) 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 (a) EBIT, plus (b) depreciation expense to the extent deducted in computing Consolidated Net Income, plus
(c) amortization expense, including, without limitation, amortization of goodwill and other intangible assets to the extent deducted in computing Consolidated Net Income, plus (d) non-cash
compensation expenses for management or employees to the extent deducted in computing Consolidated Net Income, plus (e) 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 (f) up to $50,000,000, in the aggregate, of charges, expenses and losses incurred from restructuring and integration activities, including in connection with
the Technology Disposition, from the Amendment No. 5 Closing Date through the last day of the fiscal quarter ending December 31, 2018, plus (g) the amount of any project charges (or Eligible Project Charges, as the case may be)
incurred by the Company or its Subsidiaries up to a maximum of (i) $65,000,000 of project charges for the fiscal quarter ending March 31, 2017, (ii) $600,000,000 of project charges for the fiscal quarter ending June 30, 2017,
(iii) $105,000,000 of Eligible Project Charges for the fiscal quarter ending September 30, 2017, and (iv) $100,000,000 of Eligible Project Charges for the fiscal quarter ending December 31, 2017; provided that unused add
backs for project charges may not be rolled forward and used in a subsequent quarter, and plus (h) equity earnings booked or recognized by the Company or any of its Subsidiaries from Eligible Joint Ventures not to exceed 15% (or such
lower percentage as may be set forth in the Note Purchase Agreements) of EBITDA pursuant to clauses (a) through (g) of this definition for such period. 

“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country
which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial
institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EEA Resolution Authority” means any public administrative authority or any person entrusted with public administrative
authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

  
 13 

 “Eligible Assignee” means any 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. 

“Eligible Joint Venture” means, at each time of determination, a joint venture of the Company or any of its Subsidiaries that
has been designated as such to the Administrative Agent (a) for which annual unaudited financial statements and quarterly unaudited financial statements have been delivered to the Administrative Agent and the Lenders, in each case such
financial statements prepared in accordance with GAAP and otherwise in form and substance reasonably satisfactory to the Administrative Agent, (b) of which between a 20% and 50% interest in the profits or capital thereof is owned by the Company
or one or more of its Subsidiaries, or the Company and one or more of its Subsidiaries, (c) for which the Eligible Joint Venture Leverage Ratio of such joint venture is less than 1.00 to 1.00, and (d) that is validly existing under the
Laws of its jurisdiction of organization or formation (or equivalent); provided, however, that there may not be more than ten (10) designated Eligible Joint Ventures at any time. 

“Eligible Joint Venture Consolidated Net Income” means, for any period, the net income (or deficit) of any joint venture 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 such joint venture or any Subsidiary has an ownership interest unless such net earnings shall have actually been received by such joint venture or such Subsidiary in the form of cash distributions. 

“Eligible Joint Venture EBITDA” means, for any period, for any joint venture of the Company or any of its Subsidiaries, an
amount equal to Eligible Joint Venture Consolidated Net Income for such period, plus (a) the following to the extent deducted in calculating such Eligible Joint Venture Consolidated Net Income: (i) Eligible Joint Venture Interest
Charges for such period, (ii) the provision for Federal, state, local and foreign income taxes payable by such joint venture for such period, (iii) depreciation and amortization expense and (iv) other
non-recurring expenses of such joint venture reducing such Eligible Joint Venture Consolidated Net Income which do not represent a cash item in such period or any future period, and minus (b) the
following to the extent included in calculating such Eligible Joint Venture Consolidated Net Income: (i) Federal, state, local and foreign income tax credits of such joint venture for such period and (ii) all
non-cash items increasing Eligible Joint Venture Consolidated Net Income for such period. 

“Eligible Joint Venture Interest Charges” means, for any period, for any joint venture of the Company or any of its
Subsidiaries, the sum of (a) all interest, premium payments, debt discount, fees, charges and related expenses of such joint venture in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase
price of assets, in each case to the extent treated as interest in accordance with GAAP, and (b) the portion of rent expense of such joint venture with respect to such period under capital leases that is treated as interest in accordance with
GAAP. 

  
 14 

 “Eligible Joint Venture Leverage Ratio” means, as of any date of determination,
for any joint venture of the Company, the ratio of (a) Indebtedness for such joint venture of the Company or any of its Subsidiaries, on a consolidated basis, to (b) Eligible Joint Venture EBITDA for the period of the four prior
fiscal quarters ending on or most recently ended prior to such date. 
 “Eligible Project Charges” means project charges
incurred on the Calpine York II Power Plant, IPL Eagle Valley CCGT Power Plant, Freeport LNG and Cameron LNG projects being undertaken by the Company and its Subsidiaries. 

“Eligible Reinvestment Proceeds” has the meaning specified in Section 2.03(b)(v). 

“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, 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 Liability” means any liability, contingent or otherwise (including any liability for damages, costs of
environmental remediation, fines, penalties or indemnities), of the Company, any other Loan Party or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the
generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or
(e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“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. 

“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. 
 “EU Bail-In
Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

  
 15 

 “Eurodollar Rate” means: 

(a)    for any Interest Period with respect to a Eurodollar Rate Loan, the rate per annum equal to the
London Interbank Offered Rate (“LIBOR”) or a comparable or successor rate, which rate is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially available source
providing such quotations as may be designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two (2) Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery
on the first day of such Interest Period) with a term equivalent to such Interest Period; and 

(b)    for any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal
to LIBOR, at or about 11:00 a.m., London time determined two (2) Business Days prior to such date for U.S. Dollar deposits with a term of one month commencing that day; 

provided that in no event shall such rate be less than 0%; provided, further that to the extent a comparable or successor rate is
approved by the Administrative Agent in connection herewith, the approved rate shall be applied to the applicable Interest Period in a manner consistent with market practice; and provided, further that to the extent such market
practice is not administratively feasible for the Administrative Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. 

“Eurodollar Rate Loan” means a Loan that bears interest at a rate based on clause (a) of the definition of
“Eurodollar Rate”. 
 “Event of Default” has the meaning specified in Section 8.01.

 “Excess Cash” means on any Business Day (i) prior to the completion of the Technology Disposition, any Unrestricted
Cash in excess of $50,000,000 and any Restricted Cash in excess of $75,000,000; and (ii) thereafter, any Unrestricted Cash in excess of $25,000,000 and any Restricted Cash in excess of $75,000,000. 

“Excluded Foreign Subsidiary” means any Foreign Subsidiary set forth on Schedule 1.01A and any
Foreign Subsidiary or Domestic Disregarded Subsidiary as described in the proviso in Section 6.13(a). 

“Excluded Joint Venture” means a Subsidiary that is a joint venture or an unincorporated association that is not required to
become a Guarantor pursuant to Section 6.13. 
 “Excluded Swap Obligation” means, with respect to
any Loan Party, any Swap Obligation if, and to the extent that, all or a portion of the Guaranty of such Loan Party of, or the grant by such Loan Party of a security interest to secure, such Swap Obligation (or any Guaranty thereof) is or becomes
illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Loan Party’s failure for any reason to
constitute an “eligible contract participant” as defined in the Commodity Exchange Act (determined after giving effect to Section 10.20 and any other “keepwell, support or other agreement” for the
benefit of such Loan Party and any and all guarantees of such Loan Party’s Swap Obligations by other Loan Parties) at the time the Guaranty of such Loan Party, or a grant by such Loan Party of 

  
 16 

 
a security interest, becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to
the portion of such Swap Obligation that is attributable to swaps for which such Guaranty or security interest is or becomes excluded in accordance with the first sentence of this definition. 

“Excluded Taxes” means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or
deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws
of, or having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a
Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such
interest in the Loan or Commitment (other than pursuant to an assignment request by the Company under Section 10.13) or (ii) such Lender changes its Lending Office, except in each case to the extent that, pursuant to
Section 3.01(a)(ii) or (c), amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed
its Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.01(e) and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA. 

“Existing 2012 Term Loan Credit Agreement” means that certain Term Loan Agreement dated as of December 21, 2012 by and
among the Company, the Borrower, as borrower, the lenders party thereto and Bank of America, N.A., as administrative agent, in each case, as amended, restated, amended and restated, supplemented or otherwise modified from time to time. 

“Existing 2013 Revolving Credit Agreement” means that certain Credit Agreement dated as of October 28, 2013 by and among
the Company, the Borrower and certain other Subsidiaries of the Company party thereto, as borrowers, the lenders party thereto and Bank of America, N.A., as administrative agent, in each case, as amended, restated, amended and restated, supplemented
or otherwise modified from time to time. 
 “Existing 2015 Revolving Credit Agreement” means that certain Amended and
Restated Revolving Credit Agreement dated as of July 8, 2015 by and among the Company, the Borrower and certain other Subsidiaries of the Company party thereto, as borrowers, the lenders party thereto and Bank of America, N.A., as
administrative agent, in each case, as amended, restated, amended and restated, supplemented or otherwise modified from time to time. 

“Facility” means (a) on or prior to the Closing Date, the aggregate amount of the Commitments at such time and
(b) thereafter, the Total Outstandings. 
 “Facility Termination Date” means the date as of which all of the following
shall have occurred: (a) the Aggregate Commitments have terminated, and (b) all Obligations have been paid in full (other than (i) contingent indemnification obligations that are not yet due and (ii)

  
 17 

 
obligations and liabilities under Secured Cash Management Agreements, Secured Hedge Agreements and Secured Bilateral Letters of Credit (other than any such obligations for which notice has been
received by the Administrative Agent that either (x) amounts are currently due and payable under such Secured Cash Management Agreement or Secured Hedge Agreement, or unreimbursed drawings are outstanding under Secured Bilateral Letters of
Credit, as applicable, or (y) no arrangements reasonably satisfactory to the applicable Cash Management Bank, Hedge Bank or LOC Bank have been made)). 

“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), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code, any
intergovernmental agreement entered into in connection with the implementation of such Sections of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to such intergovernmental agreement. 

“Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal
funds transactions with members of the Federal Reserve System on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the
Federal Funds Rate for such day shall be such rate on such transactions on the immediately preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day,
the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent. 

“Fee Letter” means (a) the letter agreement, dated May 21, 2015, among the Company, the Borrower, the
Administrative Agent and Merrill Lynch, Pierce, Fenner & Smith Incorporated, (b) the letter agreement, dated May 24, 2017, among the Company, the Borrower, the Administrative Agent and Merrill Lynch, Pierce, Fenner &
Smith Incorporated and (c) the letter agreement, dated as of August 9, 2017, among the Company, the Initial Borrower, the Administrative Agent and Merrill Lynch, Pierce, Fenner & Smith Incorporated. 

“FEMA” has the meaning assigned to such term in Section 6.07. 

“Financial Officer” means any of the chief financial officer, principal accounting officer, treasurer or controller of the
Company, acting singly. 
 “Flood Hazard Property” means any Mortgaged Property that is in an area designated by the
Federal Emergency Management Agency as having special flood or mudslide hazards. 
 “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). 

  
 18 

 “Foreign Lender” means a Lender that is not a U.S. Person. For purposes of this
definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 

“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 (a) 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, (b) is
not covered by ERISA pursuant to Section 4(b)(4) of ERISA, and (c) 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. 

“Freeport Joint Ventures” means the joint ventures related to the Freeport Liquefaction Project. 

“FTI” has the meaning specified in Section 6.20. 

“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. 

“GAAP” means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of
the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other principles as may be approved by a significant segment of the
accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied. 

“Governmental Authority” means the government of the United States or any other nation, or of any political subdivision
thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining
to government (including any supra-national bodies such as the European Union or the European Central Bank). 
 “Guaranteed
Obligations” has the meaning specified in Section 11.01(a). 
 “Guarantors” means,
collectively, (a) the Subsidiary Guarantors, (b) the Company and (c) with respect to (i) Obligations owing by any Loan Party under any Secured Hedge Agreement, Secured Cash Management Agreement or Secured Bilateral Letter of
Credit and (ii) the payment and performance by each Specified Loan Party of its obligations under its Guaranty with respect to all Swap Obligations, the Borrower. 

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

  
 19 

 “Hazardous Materials” means all explosive or radioactive substances or wastes
and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances
or wastes of any nature regulated pursuant to any Environmental Law. 
 “Hedge Bank” means any Person that, (a) at the
time it enters into a Swap Contract not prohibited by this Agreement, is a Lender or an Affiliate of a Lender, or (b) at the time it (or its Affiliate) becomes a Lender, is a party to a Swap Contract not prohibited by this Agreement, in each
case, in its capacity as a party to such Swap Contract. 
 “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) purchase
price adjustments, 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 (in each case, under and as defined in each of the Existing 2013 Revolving Credit Agreement and the Existing 2015 Revolving Credit
Agreement), and all reimbursement agreements related thereto, (h) Off-Balance Sheet Liabilities and (i) Disqualified Stock. 

“Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on
account of any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes. 

“Indemnitees” has the meaning specified in Section 10.04(b). 

“Information” has the meaning specified in Section 10.07. 

“Intercreditor Agreement” means (a) the Intercreditor and Collateral Agency Agreement dated as of the Amendment
No. 4 Closing Date, among the Administrative Agent (on behalf of the Secured Bank Creditors), the Noteholders, and the Collateral Agent, as modified, amended, amended and restated or supplemented from time to time and (b) any other
intercreditor agreement subsequently executed among the Administrative Agent (on behalf of the Secured Bank Creditors), the Noteholders, and the Collateral Agent (it being understood that an intercreditor agreement having terms substantially similar
to the Intercreditor Agreement dated as of the Amendment No. 4 Closing Date is satisfactory to the extent such Indebtedness is secured on a pari passu basis with the Obligations). 

  
 20 

 “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 Swap Contracts relating to interest rate protection, all as determined in conformity with Agreement Accounting Principles. 

“Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the last day of each Interest Period
applicable to such Loan and the Maturity Date; provided, however, that if any Interest Period for a Eurodollar Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of such Interest
Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan, the last Business Day of each March, June, September and December and the Maturity Date. 

“Interest Period” means as to each Eurodollar Rate Loan, the period commencing on the date such Eurodollar Rate Loan is
disbursed or converted to or continued as a Eurodollar Rate Loan and ending on the date seven days, one month, two months, three months or six months thereafter (or, subject to the Administrative Agent’s receipt of all Lenders’ consent,
another period so long as such period is not more than twelve (12) months), as selected by the Borrower in its Borrowing/Election Notice, or such other period that is twelve months or less requested by the Borrower and consented to by all of
the Lenders; provided that: 
 (a)    any Interest Period that would otherwise end on a day that
is not a Business Day shall be extended to the next succeeding Business Day unless, in the case of a Eurodollar Rate Loan, such Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding
Business Day; 
 (b)    any Interest Period pertaining to a Eurodollar Rate Loan that begins on the last
Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period;
and 
 (c)    no Interest Period shall extend beyond the Maturity Date. 

“Investment” means, with respect to any Person, (a) 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; (b) 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; and (c) 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 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. 

  
 21 

 “IRS” means the United States Internal Revenue Service. 

“Laws” means, collectively, all international, foreign, Federal, state and local statutes, treaties, rules, guidelines,
regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and
all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law. 

“Lenders” means the lending institutions listed on the signature pages of this Agreement as a Lender and their respective
successors and assigns. 
 “Lending Office” means, as to any Lender, the office or offices of such Lender described as such
in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Company and the Administrative Agent. 

“Leverage Ratio” has the meaning specified in Section 7.18(a). 

“LIBOR” has the meaning specified in the definition of Eurodollar Rate. 

“Liechtenstein Collateral” shall mean and include all “Collateral” (or any similarly defined term) as defined in
the Liechtenstein Security Agreement. 
 “Liechtenstein Loan Party” shall mean each Subsidiary Guarantor organized under
the laws of Liechtenstein. 
 “Liechtenstein Security Agreement” shall mean each of the security documents expressed to be
governed by the laws of Liechtenstein (as modified, supplemented, amended or amended and restated from time to time) covering certain of such Liechtenstein Loan Party’s present and future Liechtenstein Collateral. 

“Liechtenstein Security Instruments” shall mean the Liechtenstein Security Agreement and all other agreements (including
control agreements), notices of security interest, instruments, joinders thereto, supplements thereto, and other documents, whether now existing or hereafter in effect, pursuant to which a Liechtenstein Loan Party shall grant or convey to the
Collateral Agent or the Lenders a Lien in, or any other Person shall acknowledge any such Lien in, property as security for all or any portion of the Obligations or any other obligation under any Loan Document, as any of them has been or may be
amended, amended and restated, modified or supplemented from time to time. 
 “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). 

  
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 “Loan” means an extension of credit by a Lender to the Borrower under Article
II. All Loans shall be denominated in Dollars. 
 “Loan Documents” means this Agreement, each Note, the Fee Letters,
each Security Instrument, each Guaranty, and the Intercreditor Agreement, in each case, together with all amendments, supplements and joinders thereto from time to time. 

“Loan Parties” means, collectively, the Company, the Borrower and each Subsidiary Guarantor. 

“LOC Bank” means any Lender or Affiliate of a Lender that has issued (or issues) a performance or financial letter of credit
for the account of the Company and/or any (or one or more) Subsidiary of the Company that is permitted to be secured by a Lien on Collateral pursuant to Section 7.03(h). For the avoidance of doubt (i) at any point that
a Lender ceases to be a Lender then such Person (and any Affiliate of such Person) shall cease to be a LOC Bank and (ii) at such time the issuer of any performance or financial letter of credit for the account of the Company and/or any (or one
or more) Subsidiary of the Company becomes a Lender (or becomes an Affiliate of a Lender) such Person shall automatically become a LOC Bank until such time that such Person (or Affiliate of such Person) ceases to be a Lender. 

“London Banking Day” means any day on which dealings in Dollar deposits are conducted by and between banks in the London
interbank eurodollar market. 
 “Margin Stock” shall have the meaning ascribed to such term in Regulation U. 

“Material Adverse Effect” means a material adverse effect upon (a) the business, condition (financial or otherwise),
operations, performance, properties or results of operations 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, the Administrative Agent or the Collateral 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 8.01(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 6.01(b) were greater than five percent (5%) of the Company’s consolidated net revenues for such fiscal year or (ii) the consolidated assets of which as of the end
of such fiscal year were greater than five percent (5%) of the Company’s consolidated assets as of such date; provided that if at any time the aggregate amount of the consolidated net 

  
 23 

 
revenues or consolidated assets of all Subsidiaries that are not Material Subsidiaries exceeds twelve and a half percent (12.5%) of the Company’s consolidated net revenues for any such
fiscal year or twelve and a half percent (12.5%) of the Company’s consolidated assets as of the end of any such fiscal year, the Company (or, in the event the Company has failed to do so within ten (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, (x) 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 and (y) revenues and assets of Excluded Joint Ventures shall be disregarded. The Material Subsidiaries on the Amendment No. 5 Closing Date are identified in Schedule 1.01B hereto. 

“Maturity Date” means July 8, 2020; provided, however, that if such date is not a Business Day, the
Maturity Date shall be the immediately preceding Business Day. 
 “Maximum Funded Debt Cap” has the meaning specified in
Section 7.01(ii). 
 “Minimum Availability” has the meaning specified in
Section 7.18(c). 
 “Moody’s” means Moody’s Investors Service, Inc. and any successor
thereto. 
 “Mortgage” means any mortgage, deed of trust, trust deed or other equivalent document now or hereafter
encumbering any fee-owned real property of any Domestic Subsidiary in favor of the Collateral Agent, on behalf of the Secured Creditors, as security for any of the Obligations, each of which shall be in form
and substance reasonably acceptable to the Collateral Agent. 
 “Mortgage Instruments” means such title reports, ALTA title
insurance policies (with endorsements), evidence of zoning compliance, property insurance, flood certifications and flood insurance (and, if applicable FEMA form acknowledgements of insurance), opinions of counsel, ALTA surveys, appraisals,
environmental assessments and reports, mortgage tax affidavits and declarations and other similar information and related certifications as are reasonably requested by, and in form and substance reasonably acceptable to, the Collateral Agent from
time to time. 
 “Mortgaged Properties” means, collectively, the real properties owned by the Loan Parties subject to a
Mortgage, including, without limitation, all buildings, improvements, structures and fixtures now or subsequently located thereon and owned by any such Loan Party, pursuant to which each Lender shall have received completed “Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard Determination with respect to each Mortgaged Property (together with a notice about special
flood hazard area status and flood disaster assistance) duly executed by each Loan Party relating thereto. 
 “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. 

  
 24 

 “Net Cash Proceeds” means: 

(a)    with respect to any Asset Sale, Disposition or Sale and Leaseback Transaction by any Person but excluding any Asset
Sale or Disposition (including any taking) giving rise to Net Insurance/Condemnation Proceeds and any Asset Sale to the Company or any of its wholly-owned Subsidiaries, (i) 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 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, Disposition or Sale and Leaseback Transaction), after (A) provision for all income or other Taxes measured by or resulting from such Asset Sale or Sale and Leaseback Transaction, (B) payment of all brokerage commissions and
other fees and expenses and commissions related to such Asset Sale, Disposition or Sale and Leaseback Transaction, (C) all amounts used to make any mandatory prepayment of Indebtedness (and any premium or penalty thereon) secured by a Lien on
any asset disposed of in such Asset Sale, Disposition or Sale and Leaseback Transaction as required by the express terms of the instrument governing such Indebtedness or by applicable law and (D) the amount of any reasonable reserve established
in accordance with GAAP against any working capital or other adjustments to the sale price, in each case, as described in the applicable definitive purchase agreement; provided that (x) a cash amount equal to any such reserve is held in
a blocked account opened with the Collateral Agent and (y) the amount of any subsequent reduction of such reserve shall be deemed to be Net Cash Proceeds of such Asset Sale or Disposition received on the date of such reduction; and
(ii) 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, Disposition or Sale and Leaseback Transaction upon receipt of such cash payments by such
Person or such Subsidiary; and 
 (b)    with respect to the sale or issuance of any Capital Stock by the Company or any
of its Subsidiaries, or the incurrence or issuance of any Indebtedness by the Company or any of its Subsidiaries, the excess of (i) the sum of the cash and Cash Equivalents received in connection with such transaction over (ii) the
underwriting discounts and commissions, fees and other reasonable and customary out-of-pocket expenses, incurred by Company or such Subsidiary in connection therewith.

 “Net Insurance/Condemnation Proceeds” means an amount equal to (a) any cash or Cash Equivalents received by the
Company or any of its Subsidiaries (i) under any casualty insurance policy in respect of a covered loss thereunder of any assets of the Company or any of its Subsidiaries or (ii) as a result of the taking of any assets of the Company or
any of its Subsidiaries by any Person pursuant to the power of eminent domain, condemnation or otherwise, or pursuant to a sale of any such assets to a purchaser with such power under threat of such a taking, minus (b) (i) any actual out-of-pocket costs incurred by the Company or any of its Subsidiaries in connection with the adjustment, settlement or collection of any claims of the Company or such
Subsidiary in respect thereof, (ii) all amounts used to make any mandatory prepayment of Indebtedness (and any premium or penalty thereon) secured by a Lien on any such assets referred to in clause (a) of this definition as required
by the express terms of the instrument governing such Indebtedness or by applicable law, (iii) in the case of a taking, the 

  
 25 

 
reasonable out-of-pocket costs of putting any affected property in a safe and secure position, and (iv) any
selling costs and out-of-pocket expenses (including reasonable broker’s fees or commissions, legal fees, transfer and similar Taxes and the Company’s good
faith estimate of income Taxes paid or payable in connection with any sale or taking of such assets as referred to in clause (a) of this definition. 

“Non-Collateral Loan Party” means a Loan Party that is not a Collateral Loan Party.

 “Non-Consenting Lender” means any Lender that does not approve any consent,
waiver or amendment that (a) requires the approval of all Lenders or all affected Lenders in accordance with the terms of Section 10.01 and (b) has been approved by the Required Lenders. 

“Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting
Lender at such time. 
 “Non-Loan Party” means any Subsidiary of the Company that
is neither a Loan Party nor a Collateral Loan Party. 
 “Note” means a promissory note made by the Borrower in favor of a
Lender evidencing Loans made by such Lender to the Borrower, substantially in the form of Exhibit B. 

“Noteholders” has the meaning assigned to such term in in Intercreditor Agreement. 

“Note Purchase Agreements” means the 2012 Note Purchase Agreement and the 2015 Note Purchase Agreement. 

“NPA Notes” means senior notes in an aggregate original principal amount of up to $1,100,000,000 issued by the Borrower
pursuant to the Note Purchase Agreements as set forth therein, so long as (a) such Indebtedness is unsecured and (b) if secured, the Persons providing such Indebtedness shall be bound by the terms of the Intercreditor Agreement. 

“Obligations” means (a) all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan
Party arising under any Loan Document or otherwise with respect to any Loan, Secured Cash Management Agreement, Secured Hedge Agreement or Secured Bilateral Letter of Credit, in each case whether direct or indirect (including those acquired by
assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor
Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding; provided that the Obligations shall exclude any Excluded Swap Obligations. 

“OFAC” means the Office of Foreign Assets Control. 

“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 

  
 26 

 
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.

 “Organization Documents” means, (a) with respect to any corporation, the certificate or articles of incorporation
and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation
or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any
agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate
or articles of formation or organization of such entity. 
 “Other Connection Taxes” means, with respect to any Recipient,
Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations
under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 

“Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that
arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that
are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 3.06). 

“Outstanding Amount” means, on any date, the aggregate outstanding principal amount of the Loans after giving effect to any
borrowings and prepayments or repayments of such Loans occurring on such date. 
 “Participant” has the meaning specified
in Section 10.06(d). 
 “Participant Register” has the meaning specified in
Section 10.06(d). 
 “PBGC” means the Pension Benefit Guaranty Corporation. 

“Permitted Existing Contingent Obligations” means the Contingent Obligations of the Company and its Subsidiaries identified
as such on Schedule 7.05 to this Agreement. 
 “Permitted Existing Indebtedness” means the Indebtedness of the
Company and its Subsidiaries identified as such on Schedule 7.01 to this Agreement. 
 “Permitted Existing
Investments” means the Investments of the Company and its Subsidiaries identified as such on Schedule 7.04A to this Agreement. 

  
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 “Permitted Existing J/V Investments” means the Investments of the Company and
its Subsidiaries in joint ventures (other than Subsidiaries) and other nonconsolidated Subsidiaries identified as such on Schedule 7.04B to this Agreement. 

“Permitted Existing Liens” means the Liens on assets of the Company and its Subsidiaries identified as such on Schedule
7.03 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 or (ii) any Sale and Leaseback Transaction (other than in connection with clause (a)(i)) 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” has the meaning specified in Section 6.02. 

  
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 “Pledged Interests” means the Subsidiary Securities heretofore pledged to the
Collateral Agent and the Subsidiary Securities required to be pledged as Collateral pursuant to this Agreement or the terms of any Security Instrument. 

“Prepayment Proceeds (NPA Notes) Cash” has the meaning specified in Section 2.03(b)(iv). 

“Product Liability Event” means, solely in connection with asbestos-related claims and litigation, (a) the entry of one
or more final judgments or orders against the Company or any Subsidiary, or (b) the Company or any Subsidiary (i) enters into settlements for the payment of money or (ii) 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 thirty (30) consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect. 

“Project Bluefin” means, collectively, the acquisition by a direct, wholly owned subsidiary of Westinghouse Electric Company
LLC (“WECLLC”) of all of the issued and outstanding shares of capital stock or membership interests of certain direct and indirect subsidiaries of the Company (the “Transferred Companies”) pursuant to that certain
Purchase Agreement by and among the Company, the Transferred Companies, WECLLC and a direct, wholly owned subsidiary of WECLLC, as amended, and all transactions and Dispositions pursuant thereto and in connection therewith. 

“Project Jazz” means, collectively, the Disposition by the Company of the Capital Services business. 

“Public Lender” has the meaning specified in Section 6.02. 

“Qualified ECP Guarantor” shall mean, at any time, each Loan Party with total assets exceeding $10,000,000 or that qualifies
at such time as an “eligible contract participant” under the Commodity Exchange Act and can cause another person to qualify as an “eligible contract participant” at such time under §1a(18)(A)(v)(II) of the Commodity Exchange
Act. 
 “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. 
 “Recipient” means the Administrative Agent or any
Lender, as applicable. 
 “Register” has the meaning specified in Section 10.06(c). 

  
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 “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. 

“Relevant Completion Date” means (a) with respect to each event or transaction described in
Section 2.03(b)(i), (b)(ii) and (b)(iii), the date on which the proceeds or Net Cash Proceeds arising from such event or transaction are received by the Company or any of its Subsidiaries and (b) with
respect to each event described in Section 2.03(b)(v), the date on which the relevant Net Insurance/Condemnation Proceeds are required to be applied in prepayment under this Agreement, the Existing 2013 Revolving Credit
Agreement and the Existing 2015 Revolving Credit Agreement. 
 “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, at any time, Lenders having Applicable Percentages representing more than 50% of the Total
Outstandings of all Lenders. The Applicable Percentages of any Defaulting Lender shall be disregarded in determining Required Lenders at any time. 

“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 

  
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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. 

“Responsible Officer” means a Managing Director of the Company, or such other Person as authorized by a Managing Director,
acting singly; solely for purposes of the delivery of incumbency certificates pursuant to Section 4.01, the secretary or any assistant secretary of a Loan Party; and, solely for purposes of notices given pursuant to
Article II, any other officer or employee of the applicable Loan Party so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer or employee of the applicable Loan Party designated in or
pursuant to an agreement between the applicable Loan Party and the Administrative Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary
corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 

“Restricted Cash” means the amount of unrestricted cash and Cash Equivalents of the Company and its Subsidiaries calculated
on a consolidated basis in the aggregate at any time (excluding cash earmarked to pay unaffiliated third party obligations for which checks have been issued or wires or ACH have been initiated) which (a) is held in a bank account located
outside the United States; and (b) if transferred to a bank account located within the United States, would (i) cause the Company or the relevant Subsidiary to incur a material Tax liability (despite that person using all reasonable
efforts to avoid the relevant Tax liability); or (ii) would breach any Requirement of Law or result in personal liability for the Company or the relevant Subsidiary or any of such person’s directors or management (despite using all
reasonable efforts to avoid the breach or result), in each case, excluding Restricted Joint Venture Cash. 
 “Restricted Joint
Venture Cash” means the amount of cash and Cash Equivalents of the Company and its Subsidiaries with respect to joint ventures and in respect of which the Company or relevant Subsidiary is restricted from exercising control under the
applicable joint venture documentation or pursuant to a written resolution by the joint venture board, steering committee or similar governing body of each applicable joint venture. 

“Restricted Payment” means (a) 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, (b) 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), (c) 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, 

  
 31 

 
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 (i) the Obligations and (ii) any scheduled payments of principal of or interest with respect to Company’s Indebtedness issued pursuant to the Transaction Facilities, (d) 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 (e) any payment in respect of a purchase price adjustment, earn-out or other similar form of contingent purchase
price. 
 “Sale and Leaseback Transaction” means any lease, whether an operating lease or a Capitalized Lease, of any
property (whether real or personal or mixed), (a) which the Company or one of its Subsidiaries sold or transferred or is to sell or transfer to any other Person, or (b) 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 sanction administered or enforced by the United States Government (including without limitation,
OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury (“HMT”) or other relevant sanctions authority. 

“S&P” means Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. and
any successor thereto. 
 “SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to
any of its principal functions. 
 “Secured Bank Creditors” means, collectively, with respect to each of the Security
Instruments, the Administrative Agent, the Lenders, the Hedge Banks, the Cash Management Banks, the LOC Banks, each co-agent or sub-agent appointed by the Administrative
Agent from time to time pursuant to Section 9.05 and the other Persons the Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Security Instruments. 

“Secured Bilateral Letter of Credit” means each performance or financial letter of credit that is permitted to be secured,
ratably among the LOC Banks as set forth in the Intercreditor Agreement, by a Lien on Collateral under the Loan Documents pursuant to Section 7.03(h) and that is issued by an LOC Bank for the account of the Company and/or
any (or one or more) Subsidiary of the Company. 
 “Secured Cash Management Agreement” means any Cash Management Agreement
that is entered into by and between any Loan Party and any Cash Management Bank. 
 “Secured Creditors” means,
collectively, the Secured Bank Creditors and the Noteholders. 
 “Secured Hedge Agreement” means any Swap Contract
permitted under Article VI or VII that is entered into by and between any Loan Party and any Hedge Bank. 

  
 32 

 “Security Instruments” means, collectively, the U.S. Security Instruments, the
UK Security Instruments, the Dutch Security Instruments, the Curaçao Security Instruments, and the Liechtenstein Security Instruments. 

“Security Joinder Agreement” means a joinder agreement to any Security Instrument, in form and substance reasonably
satisfactory to the Collateral Agent, executed and delivered by a Guarantor or any other Person to the Collateral Agent pursuant to Section 6.13. 

“Senior Secured Indebtedness” of a Person means, without duplication, such Person’s Adjusted Indebtedness hereunder and
under each other Transaction Facility. 
 “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.) as of February 13, 2013 pursuant to the Transaction Agreement. 

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

(a)    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 

(b)    it is then able and expects to be able to pay its debts as they mature; and 

(c)    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 Loan Party” means any Loan Party that is not an “eligible contract participant” under the Commodity
Exchange Act (determined prior to giving effect to Section 10.20). 
 “Strategic Review” has the
meaning specified in Section 6.20. 
 “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 a 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). 

  
 33 

 “Subsidiary Borrower(s)” means, at any time, any Designated Borrower under and
as defined in each of the Existing 2013 Revolving Credit Agreement and the Existing 2015 Revolving Credit Agreement (in each case, other than the 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 Amendment No. 4 Closing Date which are Material Subsidiaries, which have or are required to have satisfied the provisions of
Section 6.13(a) and which are not controlled foreign corporations within the meaning of Section 957 of the Code or a U.S. entity that is treated as a corporation for U.S. federal income tax purposes and substantially
all of the fair market value of whose assets consist of one or more controlled foreign corporations; (d) all of the Company’s Subsidiaries which become Material Subsidiaries (which are not controlled foreign corporations within the meaning
of Section 957 of the Code or a U.S. entity that is treated as a corporation for U.S. federal income tax purposes and substantially all of the fair market value of whose assets consist of one or more controlled foreign corporations) and which
have satisfied or are required to have satisfied the provisions of Section 6.13(b); and (e) all other Subsidiaries which are not controlled foreign corporations within the meaning of Section 957 of the Code or a
U.S. entity that is treated as a corporation for U.S. federal income tax purposes and substantially all of the fair market value of whose assets consist of one or more controlled foreign corporations which become Subsidiary Guarantors in
satisfaction of the provisions of Section 6.13(c) or Section 7.15, in each case with respect to clauses (a) through (e) above, and together with their respective successors and
assigns. As of the Amendment No. 5 Closing Date, all Subsidiary Guarantors are listed on Schedule 1.01C. 

“Subsidiary Guaranty” means that certain Subsidiary Guaranty, dated as of the date hereof executed by each Subsidiary
Guarantor and any and all supplements and joinders thereto executed from time to time by each additional Subsidiary Guarantor in favor of the Administrative Agent in substantially the form of Exhibit F attached hereto, as the same may be
amended, restated, supplemented or otherwise modified from time to time. 
 “Subsidiary Securities” means the Equity
Interests issued by or equity participations in any Subsidiary, whether or not constituting a “security” under Article 8 of the Uniform Commercial Code as in effect in any jurisdiction. 

“Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate
transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions,
interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar
transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any
kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master
Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. 

  
 34 

 “Swap Obligations” means with respect to any Guarantor any obligation to pay or
perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act. 

“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding),
assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Technology Disposition” means the sale by the Company to a third party purchaser of its technology business segment and the
engineered products offering that resides in its fabrication services business segment as of the Amendment No. 5 Closing Date. 

“Technology Make-Whole Amount” means the Modified Make-Whole Amount (as defined in the Note Purchase Agreements as of the
Amendment No. 5 Closing Date) due to the Noteholders as a result of the Technology Disposition in accordance with Section 9.13 of the Note Purchase Agreements as in effect on the Amendment No. 5 Closing Date. 

“Termination Event” means (a) a Reportable Event with respect to any Benefit Plan; (b) 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; (c) 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; (d) the institution by the
PBGC or any similar foreign governmental authority of proceedings to terminate a Benefit Plan or Foreign Pension Plan; (e) 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; (f) 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
(g) the partial or complete withdrawal of the Company or any member of the Controlled Group from a Multiemployer Plan or Foreign Pension Plan. 

“Threshold Amount” means an amount equal to the lesser of (a) $50,000,000 and (b) the equivalent threshold amount set
forth in the Note Purchase Agreements (or any related document thereto). 
 “Total Outstandings” means the aggregate
Outstanding Amount of all Loans. 
 “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 issuance and placement of the NPA Notes or amendment of the
2012 Note Purchase Agreement, the entering into and funding of the Existing 2012 Term Loan Credit Agreement, the 

  
 35 

 
entering into and funding of the Existing 2013 Revolving Credit Agreement, the entering into and funding of the Existing 2015 Revolving Credit Agreement 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
Facilities” means the Facility, the Existing 2013 Revolving Credit Agreement, the Existing 2015 Revolving Credit Agreement and the issuance of the NPA Notes pursuant to the Note Purchase Agreements. 

“Type” means, with respect to a Loan, its character as a Base Rate Loan or a Eurodollar Rate Loan. 

“UK Collateral” shall mean and include all “Collateral” (or any similarly defined term) as defined in the UK
Security Agreement. 
 “UK Loan Party” shall mean each Subsidiary Guarantor organized under the laws of England. 

“UK Security Agreement” shall mean each of the security documents expressed to be governed by the laws of England (as
modified, supplemented, amended or amended and restated from time to time) covering certain of such UK Loan Party’s present and future UK Collateral. 

“UK Security Instruments” shall mean the UK Security Agreement and all other agreements (including control agreements),
notices of security interest, instruments, joinders thereto, supplements thereto, and other documents, whether now existing or hereafter in effect, pursuant to which a UK Loan Party shall grant or convey to the Collateral Agent or the Lenders a Lien
in, or any other Person shall acknowledge any such Lien in, property as security for all or any portion of the Obligations or any other obligation under any Loan Document, as any of them has been or may be amended, amended and restated, modified or
supplemented from time to time. 
 “United States” and “U.S.” mean the United States of America. 

“Unrestricted Cash” means the amount of cash and Cash Equivalents of the Company and its Subsidiaries calculated on a
consolidated basis in the aggregate at any time (excluding cash earmarked to pay unaffiliated third party obligations for which checks have been issued or wires or ACH have been initiated), together with any Unrestricted Joint Venture Cash, but
excluding any Restricted Cash, Prepayment Proceeds (NPA Notes) Cash and Restricted Joint Venture Cash. 
 “Unrestricted Joint
Venture Cash” means the amount of cash and Cash Equivalents of the Company and its Subsidiaries with respect to joint ventures that is not Restricted Joint Venture Cash. 

“U.S. Collateral” shall mean and include all “Collateral” (or any similarly defined term) as defined in any of the
U.S. Security Instruments. 

  
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 “U.S. Loan Party” shall mean the Borrower and each Subsidiary Guarantor that is
a Domestic Subsidiary. 
 “U.S. Person” means any Person that is a “United States Person” as defined in
Section 7701(a)(30) of the Code. 
 “U.S. Security Agreement” means that certain Amended and Restated Pledge and
Security Agreement dated as of August 4, 2017 among the U.S. Loan Parties and the Collateral Agent, as supplemented from time to time by the execution and delivery of Security Joinder Agreements pursuant to
Section 6.13, and as further modified, amended, amended and restated or further supplemented from time to time. 

“U.S. Security Instruments” means, collectively, the U.S. Security Agreement, the Mortgages, and all other agreements
(including control agreements), notices of security interest, instruments, joinders thereto, supplements thereto, Pledge Supplements (as defined in the U.S. Security Agreement) and other documents, whether now existing or hereafter in effect,
pursuant to which a U.S. Loan Party shall grant or convey to the Collateral Agent or the Lenders a Lien in, or any other Person shall acknowledge any such Lien in, property as security for all or any portion of the Obligations or any other
obligation under any Loan Document, as any of them has been or may be amended, amended and restated, modified or supplemented from time to time. 

“U.S. Tax Compliance Certificate” has the meaning specified in Section 3.01(e)(ii)(B)(III). 

“Voting Securities” means shares of Capital Stock the holders of which are ordinarily, in the absence of contingencies,
entitled to vote for the election of directors (or persons performing similar functions) of such Person, even if the right so to vote has been suspended by the happening of such a contingency. 

“Withholding Agent” means any Loan Party and the Administrative Agent. 

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 
 “2012 Note Purchase Agreement” means that certain Note
Purchase and Guarantee Agreement dated as of December 27, 2012, among the Borrower, the Company and the institutional investors named therein, as amended, restated, amended and restated, supplemented or otherwise modified. 

“2015 Note Purchase Agreement” means that certain Note Purchase and Guarantee Agreement, among the Borrower, the Company and
the institutional investors named therein, as amended, restated, amended and restated, supplemented or otherwise modified. 

  
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 1.02    Other Interpretive Provisions. With reference to this
Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document: 
 (a)    The
definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,”
“includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the
context requires otherwise, (i) any definition of or reference to any agreement, instrument or other document (including any Organization Document) shall be construed as referring to such agreement, instrument or other document as from time to
time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein or in any other Loan Document), (ii) any reference herein to any Person shall be construed to
include such Person’s successors and assigns, (iii) the words “hereto,” “herein,” “hereof” and “hereunder,” and words of similar import when used in any Loan Document, shall be construed to refer to
such Loan Document in its entirety and not to any particular provision thereof, (iv) all references in a Loan Document to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and
Schedules to, the Loan Document in which such references appear, (v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending, replacing or interpreting such law and any reference to any law or
regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) the words “asset” and “property” shall be construed to have the same meaning and
effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

(b)    In the computation of periods of time from a specified date to a later specified date, the word “from”
means “from and including;” the words “to” and “until” each mean “to but excluding;” and the word “through” means “to and including.” 

(c)    Section headings herein and in the other Loan Documents are included for convenience of reference only and shall
not affect the interpretation of this Agreement or any other Loan Document. 
 1.03    Accounting Terms.
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 

  
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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 computations of amounts and ratios referred to 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. 

1.04    Rounding. Any financial ratios required to be maintained by the Company pursuant to this
Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest
number (with a rounding-up if there is no nearest number). 

1.05    Times of Day. Unless otherwise specified, all references herein to times of day shall be references
to Central time (daylight or standard, as applicable). 
 1.06    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 
 THE
COMMITMENTS AND BORROWINGS 
 2.01    Loans. Subject to the terms and conditions set forth herein,
each Lender severally agrees to make a single loan to the Borrower, in Dollars, on the Closing Date in an amount not to exceed the amount of such Lender’s Applicable Percentage of the Facility on such date. Loans may be Base Rate Loans or
Eurodollar Rate Loans, as further provided herein. 

  
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 2.02    Borrowings, Conversions and Continuations of Loans.

 (a)    Each Borrowing, each conversion of Loans from one Type to the other, and each continuation of Eurodollar Rate
Loans shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or (B) a Borrowing/Election Notice; provided that any telephone notice must be confirmed promptly by
delivery to the Administrative Agent of a Borrowing/Election Notice. Each such notice must be received by the Administrative Agent not later than 10:00 a.m. (i) three (3) Business Days prior to the requested date of any Borrowing of,
conversion to or continuation of Eurodollar Rate Loans and (ii) on the requested date of any Borrowing of Base Rate Loans. Each Borrowing of, conversion to or continuation of Eurodollar Rate Loans shall be in a principal amount of $4,000,000 or
a whole multiple of $1,000,000 in excess thereof. Each Borrowing of or conversion to Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof. Each Borrowing/Election Notice (whether telephonic
or written) shall specify (i) whether the Borrower is requesting a Borrowing, a conversion of Loans from one Type to the other, or a continuation of Eurodollar Rate Loans, (ii) the requested date of the Borrowing, conversion or
continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which existing Loans are to be converted, (v) if
applicable, the duration of the Interest Period with respect thereto, and (vi) the Borrower. If the Borrower fails to specify a Type of Loan in a Borrowing/Election Notice or if the Borrower fails to give a timely notice requesting a conversion
or continuation, then the applicable Loans shall be made as, or converted to, Base Rate Loans. Any automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable
Eurodollar Rate Loans. If the Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Rate Loans in any such Borrowing/Election Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest
Period of one month. 
 (b)    Following receipt of a Borrowing/Election Notice, the Administrative Agent shall promptly
notify each Lender of the amount of its Applicable Percentage of the Loans, and if no timely notice of a conversion or continuation is provided by the Company, the Administrative Agent shall notify each Lender of the details of any automatic
conversion to Base Rate Loans, as described in the preceding subsection. In the case of a Borrowing, each Lender shall make the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative
Agent’s Office not later than 12:00 noon on the Business Day specified in the applicable Borrowing/Election Notice. Upon satisfaction of the applicable conditions set forth in Section 4.01, the Administrative Agent
shall make all funds so received available to the Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the Borrower on the books of Bank of America with the amount of such funds or (ii) wire
transfer of such funds, in each case in accordance with instructions provided to the Administrative Agent by the Borrower. 

(c)    Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted only on the last day of
an Interest Period for such Eurodollar Rate Loan. During the existence of a Default, no Loans may be requested as, converted to or continued as Eurodollar Rate Loans without the consent of the Required Lenders. 

(d)    The Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate applicable to any
Interest Period for Eurodollar Rate Loans upon determination 

  
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of such interest rate. At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Borrower and the Lenders of any change in Bank of America’s prime rate used
in determining the Base Rate promptly following the public announcement of such change. 
 (e)    After giving effect to
all Borrowings, all conversions of Loans from one Type to the other, and all continuations of Loans as the same Type, there shall not be more than ten Interest Periods in effect with respect to the Facility. 

2.03    Prepayments. 

(a)    Optional. Subject to Section 7.17(c), the Borrower may, upon notice from the
Company to the Administrative Agent, at any time or from time to time voluntarily prepay Loans in whole or in part without premium or penalty; provided that (i) such notice must be in a form reasonably acceptable to the Administrative
Agent and be received by the Administrative Agent (A) three (3) Business Days prior to any date of prepayment of Eurodollar Rate Loans and (B) on the date of prepayment of Base Rate Loans; (ii) any prepayment of Eurodollar Rate
Loans shall be in a principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof; and (iii) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or,
in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the Interest
Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the
Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid,
together with any additional amounts required pursuant to Section 3.05. Subject to Section 2.13, each such prepayment shall be applied to the Loans of the Lenders in accordance with their
respective Applicable Percentages. Borrowings that are prepaid may not be reborrowed. 
 (b)    Mandatory. 

(i)    If the Company or any of its Subsidiaries Disposes of any property (including any Equity Interest in
any Person) in accordance with and permitted by Section 7.02(b), (d) or (f) which results in the realization by such Person of Net Cash Proceeds (including, for the avoidance of doubt, any Net Cash
Proceeds realized from the Technology Disposition but excluding any Net Cash Proceeds realized from a Permitted Sale and Leaseback Transaction under clause (a)(i) of the definition thereof), the Borrower shall prepay an aggregate principal amount of
Loans and other Indebtedness as provided in clause (b)(iv) below equal to 100% of such Net Cash Proceeds received by the Company or such Subsidiary (such prepayments to be made and applied as set forth in clause
(b)(iv) below). 
 (ii)    Upon the incurrence or issuance by the Company or any of its Subsidiaries
of any unsecured Indebtedness and/or Indebtedness that is junior to the Indebtedness incurred hereunder, in each case pursuant to a capital markets transaction or any 

  
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substitutions thereof, in each case after the Amendment No. 3 Closing Date, the Borrower shall prepay an aggregate principal amount of Loans and other Indebtedness as provided in
clause (b)(iv) below equal to 100% of all Net Cash Proceeds received by the Company or such Subsidiary (such prepayments to be made and applied as set forth in clause (b)(iv) below). 

(iii)    Upon the issuance by the Company or any of its Subsidiaries of any of its Capital Stock after the
Amendment No. 3 Closing Date (other than any issuance of Capital Stock in connection with employee benefit arrangements), the Borrower shall prepay an aggregate principal amount of Loans and other Indebtedness as provided in
clause (b)(iv) below equal to 100% of all Net Cash Proceeds received by the Company or such Subsidiary (such prepayments to be made and applied as set forth in clause (b)(iv) below). 

(iv)    Any Net Cash Proceeds or Net Insurance/Condemnation Proceeds, as the case may be, required to be
applied in prepayment of the Loans and other Indebtedness pursuant to clauses (b)(i), (b)(ii) and (b)(iii) above and clause (b)(v) below shall be deposited immediately upon receipt in a blocked account
opened with the Collateral Agent and applied within three (3) Business Days of receipt (or such later date with respect to the prepayment of the NPA Notes as set forth in the Note Purchase Agreements), in each case, to prepay or cash
collateralize on a pro rata basis based on the Applicable Balances (a) Loans outstanding hereunder, (b) Indebtedness and letters of credit outstanding under the Existing 2013 Revolving Credit Agreement, (c) Indebtedness and letters of
credit outstanding under the Existing 2015 Revolving Credit Agreement, and (d) certain outstanding amounts owing under the NPA Notes, it being agreed and understood that (x) any portion of such proceeds offered to, but declined by, the
holders of the NPA Notes (after giving effect to all offers of such proceeds to the other holders of the NPA Notes) shall be used to prepay and, as applicable, cash collateralize Loans under this Agreement, Indebtedness and letters of credit
outstanding under the Existing 2013 Revolving Loan Credit Agreement and Indebtedness and letters of credit outstanding under the Existing 2015 Revolving Credit Agreement on a pro rata basis based on the Applicable Balances thereof and (y) any
portion of such proceeds allocated to lenders under the Existing 2013 Revolving Credit Agreement or to lenders under the Existing 2015 Revolving Credit Agreement which exceeds the Applicable Outstandings (under and as defined in the Existing 2013
Revolving Credit Agreement and the Existing 2015 Revolving Credit Agreement, respectively) as of the Relevant Completion Date, shall be used to prepay Indebtedness outstanding under the other Transaction Facilities on a pro rata basis based
on the Applicable Balances thereof. The portion of any such Net Cash Proceeds allocated to a mandatory offer of prepayment to the holders of the NPA Notes and held in such blocked account with the Collateral Agent pending any such prepayment of the
NPA Notes is referred to herein as the “Prepayment Proceeds (NPA Notes) Cash”. 

(v)    If the Company or any of its Subsidiaries receives any Net Insurance/Condemnation Proceeds, the
Borrowers shall prepay an aggregate principal amount of Loans and other Indebtedness equal to 100% of such Net Insurance/Condemnation Proceeds immediately upon receipt thereof by such Person (such prepayments to be made and applied as set forth in
clause (b)(iv) above); provided 

  
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that, if, prior to the date any such prepayment is required to be made, the Company notifies the Administrative Agent of its intention to reinvest all or any portion of the Net
Insurance/Condemnation Proceeds in assets used or useful in the business (other than cash or Cash Equivalents) of the Company or any of its Subsidiaries up to a maximum of $25,000,000 in respect of each individual event or claim giving rise to Net
Insurance/Condemnation Proceeds (such Net Insurance/Condemnation Proceeds or portion thereof, the “Eligible Reinvestment Proceeds”), then so long as (a) no Default or Event of Default has occurred and is continuing and
(b) such Eligible Reinvestment Proceeds are held in a blocked account opened with the Collateral Agent until such time as they are reinvested, the Borrowers shall not be required to make a mandatory prepayment under this
clause (b)(v) in respect of such Eligible Reinvestment Proceeds to the extent such Eligible Reinvestment Proceeds are so reinvested within 180 days following receipt thereof, or if the Company or any of its Subsidiaries has
committed to so reinvest such Eligible Reinvestment Proceeds during such 180-day period and such Eligible Reinvestment Proceeds are so reinvested within 90 days after the expiration of such 180-day period; provided further that, if any Eligible Reinvestment Proceeds have not been so reinvested prior to the expiration of the applicable period, the Borrowers shall promptly prepay the
outstanding principal amount of the Loans and other Indebtedness with the Eligible Reinvestment Proceeds not so reinvested as set forth in clause (b)(v) above (without regard to the immediately preceding proviso). The
Collateral Agent shall promptly release any such Eligible Reinvestment Proceeds on deposit in such blocked account upon request by the Company for the purpose of making such reinvestments as contemplated herein; provided that any such request by the
Company is accompanied by a certificate, signed by a Responsible Officer, describing, in reasonable detail, the proposed use of such Eligible Reinvestment Proceeds. 

2.04    Reduction of Commitments. The Aggregate Commitments shall be automatically and permanently reduced
to zero on the Closing Date. 
 2.05    Repayment of Loans. The Borrower shall repay to the Administrative
Agent for the ratable account of the Lenders the principal amount of the Loans in consecutive quarterly installments equal to $18,750,000. The first such installment shall be paid on or before June 30, 2017, and the remaining installments shall
be paid on or before the last day of each March, June, September and December thereafter; provided that if any such payment would fall on a day other than a Business Day, the payment shall be made on the immediately preceding Business Day.
The final installment shall be payable on the Maturity Date and shall be equal to the aggregate Outstanding Amount of the Loans on the Maturity Date. 

2.06    Interest. 

(a)    Subject to the provisions of subsection (b) below, (i) each Eurodollar Rate Loan shall bear
interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Eurodollar Rate for such Interest Period plus the Applicable Rate; and (ii) each Base Rate Loan shall bear interest on the
outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate. 

  
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 (b)    During the occurrence and continuance of an Event of Default, upon the
request of the Required Lenders, the Borrower shall pay interest on the principal amount of all outstanding Obligations hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by
applicable Laws; provided that during the continuation of an Event of Default under Section 8.01(a)(i) such interest rate shall be automatically applicable without any action of the Required Lenders. 

(c)    Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at
such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law. Accrued and
unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand. 

2.07    Fees. 

(a)    The Company shall pay to each Arranger and the Administrative Agent for their own respective accounts, in Dollars,
fees in the amounts and at the times specified in the Fee Letter. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

(b)    The Company and the Borrower shall pay to the Lenders, in Dollars, such fees as shall have been separately agreed
upon in writing in the amounts and at the times so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

2.08    Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate. 

(a)    All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the
Eurodollar Rate) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year
and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is
made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to
Section 2.10(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error. 

(b)    If, as a result of any restatement of or other adjustment to the financial statements of the Company or for any
other reason, the Company or the Lenders determine that (i) the Leverage Ratio as calculated by the Company as of any applicable date was inaccurate and (ii) a proper calculation of the Leverage Ratio would have resulted in higher pricing
for such period, the Borrower shall immediately and retroactively be obligated to pay to the Administrative Agent for the account of the applicable Lenders promptly on demand by the Administrative Agent (or, after the occurrence of an actual or
deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code of the United States, automatically and without further action by the Administrative Agent or any Lender), an amount equal to the excess of the amount

  
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of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period. This paragraph shall not limit the rights of the Administrative
Agent or any Lender, as the case may be, under Section 2.06(b) or under Article VIII. The Company’s and the Borrower’s obligations under this paragraph shall survive the termination of the Aggregate
Commitments and the repayment of all other Obligations hereunder. 
 2.09    Evidence of Debt. The Loans
made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender
shall be conclusive absent manifest error of the amount of the Loans made by the Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the
obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect
of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender to the Borrower made through the Administrative Agent, the Borrower shall execute and deliver to
such Lender (through the Administrative Agent) a Note, which shall evidence such Lender’s Loans to the Borrower in addition to such accounts or records. Each Lender may attach schedules to a Note and endorse thereon the date, Type (if
applicable), amount and maturity of its Loans and payments with respect thereto. 
 2.10    Payments
Generally; Administrative Agent’s Clawback. 
 (a)    General. All payments to be
made by the 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 the Borrower hereunder shall be made to the
Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office in Dollars and in immediately available funds not later than 2:00 p.m. on the date specified herein.
Without limiting the generality of the foregoing, the Administrative Agent may require that any payments due under this Agreement be made in the United States. The Administrative Agent will promptly distribute to each Lender its Applicable
Percentage (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 2:00 p.m. shall in each case 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 the Borrower shall come due on a day other than a Business Day, 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 Base Rate Loans, prior to 11:00 a.m. 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 2.02 (or, in the case of a Borrowing of Base Rate Loans, that such Lender has made such 

  
 45 

 
share available in accordance with and at the time required by Section 2.02) and may, in reliance upon such assumption, make available to the 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 Borrower to 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 Borrower, the interest rate applicable to Base Rate Loans. If the Borrower 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 Borrower the amount of such interest paid by the Borrower 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 Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders hereunder that
the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders the amount due. In such
event, if the Borrower has not in fact made such payment, then each of the Lenders severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender, in immediately available funds with interest
thereon, for each day from and including the date such amount is distributed to it to the date of payment to the Administrative Agent, at the interest rate applicable to Base Rate Loans. 

A notice of the Administrative Agent to any Lender or 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 to the Borrower as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent
because the conditions to the applicable Borrowing set forth in Article IV 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 and to make payments pursuant to Section 10.04(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 10.04(c) on any date required hereunder shall not relieve any other Lender of its 

  
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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 10.04(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. 

2.11    Sharing of Payments by Lenders. 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 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 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 the 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) any payment of consideration
for executing any amendment, waiver or consent in connection with this Agreement so long as such consideration has been offered to all consenting Lenders or (z) any payment obtained by a Lender as consideration for the assignment of or sale of
a participation in any of its Loans to any assignee or participant, other than an assignment to the Company or any Affiliate thereof (as to which the provisions of this Section shall apply). 

Each Loan Party consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a
participation pursuant to the foregoing arrangements may exercise against such Loan Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Loan Party in the amount of such
participation. 
 2.12    [Reserved]. 

2.13    Defaulting Lenders. 

(a)    Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a
Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 

(i)    Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any
amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of “Required Lenders” and Section 10.01. 

  
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 (ii)    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 Article VIII or otherwise) or received by
the Administrative Agent from a Defaulting Lender pursuant to Section 10.08 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, as the Borrower may request (so long as no 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; third, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to satisfy such
Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement; fourth, to the payment of any amounts owing to the Lenders as a result of any judgment of a court of competent jurisdiction obtained by
any Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; fifth, so long as no Default exists, to the payment of any amounts owing to the Borrower as a result of any
judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and sixth, 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 in respect of which such Defaulting Lender has not fully funded its appropriate share, and
(y) such Loans were made at a time when the conditions set forth in Section 4.01 were satisfied or waived, such payment shall be applied solely to pay the Loans of all
Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of such Defaulting Lender until such time as all Loans are held by the Lenders pro rata in accordance with the
Commitments or the Applicable Percentages. 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 pursuant to this
Section 2.13(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(b)    Defaulting Lender Cure. If the Borrower and the Administrative Agent agree in writing that a Lender is no
longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein, that Lender will, to the extent applicable, purchase
at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans to be held on a pro rata basis by the Lenders in accordance with their Applicable
Percentages, whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Company while that Lender was a Defaulting
Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder
arising from that Lender’s having been a Defaulting Lender. 

  
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 ARTICLE III 

TAXES, YIELD PROTECTION AND ILLEGALITY 

3.01    Taxes. 

(a)    Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. 

(i)    Any and all payments by or on account of any obligation of any Loan Party under any Loan Document
shall be made without deduction or withholding for any Taxes, except as required by applicable Laws. If any applicable Laws (as determined in the good faith discretion of an applicable Withholding Agent) require the deduction or withholding of any
Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding, upon the basis of the information and documentation to be delivered pursuant to subsection
(e) below. 
 (ii)    If an applicable Withholding Agent shall be required by the Code to
withhold or deduct any Taxes, including both United States Federal backup withholding and withholding taxes, from any payment, then (A) the applicable Withholding Agent shall withhold or make such deductions as are determined by the applicable
Withholding Agent to be required based upon the information and documentation it has received pursuant to subsection (e) below, (B) the applicable Withholding Agent shall timely pay the full amount withheld or deducted to the relevant
Governmental Authority in accordance with the Code, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Loan Party shall be increased as necessary so that after any
required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section 3.01) the applicable Recipient receives an amount equal to the sum it would have
received had no such withholding or deduction been made. 
 (iii)    If an applicable Withholding Agent
shall be required by any applicable Laws other than the Code to withhold or deduct any Taxes from any payment, then (A) the applicable Withholding Agent, as required by such Laws, shall withhold or make such deductions as are determined by it
to be required based upon the information and documentation it has received pursuant to subsection (e) below, (B) the applicable Withholding Agent, to the extent required by such Laws, shall timely pay the full amount withheld or
deducted to the relevant Governmental Authority in accordance with such Laws, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Withholding Agent shall be
increased as necessary so that after any required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section 3.01) the applicable Recipient receives
an amount equal to the sum it would have received had no such withholding or deduction been made. 

  
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 (b)    Payment of Other Taxes by the Loan Parties. Without limiting
the provisions of subsection (a) above, the Loan Parties shall timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option of the Administrative Agent timely reimburse it for the
payment of, any Other Taxes. 
 (c)    Tax Indemnifications. (i) Each of the Loan Parties shall, and does
hereby, jointly and severally indemnify each Recipient, and shall make payment in respect thereof within thirty (30) days after written demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or
asserted on or attributable to amounts payable under this Section 3.01) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient, and any penalties, interest and reasonable
expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to
the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. Each of the Loan Parties shall, and does hereby, jointly and
severally indemnify the Administrative Agent, and shall make payment in respect thereof within thirty (30) days after demand therefor, for any amount which a Lender for any reason fails to pay indefeasibly to the Administrative Agent as
required pursuant to Section 3.01(c)(ii) below. 
 (ii)    Each Lender shall,
and does hereby, severally indemnify, and shall make payment in respect thereof within thirty (30) after demand therefor, (x) the Administrative Agent against any Indemnified Taxes attributable to such Lender (but only to the extent that
any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Party to do so), (y) the Administrative Agent and the Loan Party, as applicable, against any Taxes
attributable to such Lender’s failure to comply with the provisions of Section 10.06(d) relating to the maintenance of a Participant Register and (z) the Administrative Agent and the Loan Party, as applicable,
against any Excluded Taxes attributable to such Lender that are payable or paid by the Administrative Agent or a Loan Party in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not
such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest
error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other Loan Document against any amount due to the Administrative Agent under this
clause (ii). 
 (d)    Evidence of Payments. Upon request by the Borrower or the
Administrative Agent, as the case may be, after any payment of Taxes by any Loan Party or by the Administrative Agent to a Governmental Authority as provided in this Section 3.01, the Borrower shall as soon as practicable
deliver to the Administrative Agent or the Administrative Agent shall as soon as practicable deliver to the Borrower, as the case may be, the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a
copy of any return required by Laws to report such payment or other evidence of such payment reasonably satisfactory to the Borrower or the Administrative Agent, as the case may be. 

  
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 (e)    Status of Lenders; Tax Documentation. (i) Any Lender that
is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the
Administrative Agent, such properly completed and executed documentation prescribed by applicable law or the taxing authorities of a jurisdiction pursuant to such applicable law or reasonably requested by the Borrower or the Administrative Agent as
will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by
applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting
requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation either (A) set forth in
Section 3.01(e)(ii)(A), (ii)(B) and (ii)(D) below or (B) required by applicable law other than the Code or the taxing authorities of the jurisdiction pursuant to such applicable law to comply with the
requirements for exemption or reduction of withholding tax in that jurisdiction) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost
or expense or would materially prejudice the legal or commercial position of such Lender. 

(ii)    Without limiting the generality of the foregoing, 

(A)    any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or
prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed originals (or copies sent by fax or email and meeting
IRS requirements) of IRS Form W-9 (or any successor form) certifying that such Lender is exempt from U.S. federal backup withholding tax; 

(B)    any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and
the Administrative Agent (in such number of originals (or copies sent by fax or email and meeting IRS requirements) as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement
(and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), whichever of the following is applicable: 

(I)    in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United
States is a party (x) with respect to payments of interest under any Loan Document, executed originals (or copies sent by fax or email and meeting IRS requirements) of IRS Form W-8BEN (or any successor
form) or W-8BEN-E (or any successor form), as applicable, establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the
“interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan 

  
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Document, IRS Form W-8BEN (or any successor form) or W-8BEN-E (or any
successor form), as applicable, establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 

(II)    executed originals (or copies sent by fax or email and meeting IRS requirements) of IRS Form W-8ECI (or any successor form); 
 (III)    in the case of a Foreign
Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit H-1 to the effect that such
Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled
foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals (or copies sent by fax or email and meeting IRS requirements) of IRS Form W-8BEN (or any successor form) or W-8BEN-E (or any successor form), as applicable; or 

(IV)    to the extent a Foreign Lender is not the beneficial owner, executed originals (or copies sent by
fax or email and meeting IRS requirements) of IRS Form W-8IMY (or any successor form), accompanied by IRS Form W-8ECI (or any successor form), IRS Form W-8BEN (or any successor form), IRS Form W-8BEN-E (or any successor form), a U.S. Tax Compliance Certificate substantially in the form
of Exhibit H-2 or Exhibit H-3, IRS Form W-9 (or any successor form), and/or other certification documents from each
beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax
Compliance Certificate substantially in the form of Exhibit H-4 on behalf of each such direct and indirect partner; 

(C)    any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and
the Administrative Agent (in such number of originals (or copies sent by fax or email and meeting IRS requirements) as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement
(and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed originals (or copies sent by fax or email and meeting IRS requirements) of any other form prescribed by applicable law as a basis
for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower or the Administrative Agent to determine the
withholding or deduction required to be made; and 

  
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 (D)    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 of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable),
such Lender shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the 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 Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply
with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this
clause (D), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

(iii)    Each Lender agrees that if any form or certification it previously delivered pursuant to this
Section 3.01 expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so. 

(f)    Treatment of Certain Refunds. Unless required by applicable Laws, at no time shall the Administrative Agent
have any obligation to file for or otherwise pursue on behalf of a Lender, or have any obligation to pay to any Lender, any refund of Taxes withheld or deducted from funds paid for the account of such Lender, as the case may be. If any Recipient
determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified by any Loan Party or with respect to which any Loan Party has paid additional amounts pursuant to this
Section 3.01, it shall pay to such Loan Party an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by a Loan Party under this Section 3.01
with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) incurred by such Recipient, and without interest (other than
any interest paid by the relevant Governmental Authority with respect to such refund), provided that each Loan Party, upon the request of the Recipient, agrees to repay the amount paid over to such Loan Party (plus any penalties,
interest or other charges imposed by the relevant Governmental Authority) to the Recipient in the event the Recipient is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this subsection, in no
event will the applicable Recipient be required to pay any amount to such Loan Party pursuant to this subsection the payment of which would place the Recipient in a less favorable net after-Tax position than
such Recipient would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never
been paid. This subsection shall not be construed to require any Recipient to make available its tax returns (or any other information relating to its taxes that it deems confidential) to any Loan Party or any other Person. 

(g)    Survival. Each party’s obligations under this Section 3.01 shall survive the
resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations. 

  
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 3.02    Illegality. If any Lender determines that any Law has
made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Loans whose interest is determined by reference to the Eurodollar Rate, or to determine
or charge interest rates based upon the Eurodollar Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the applicable interbank market, then,
on notice thereof by such Lender to the Borrower through the Administrative Agent, (a) any obligation of such Lender to make or continue Eurodollar Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans, shall be suspended, and
(b) if such notice asserts the illegality of such Lender making or maintaining Base Rate Loans the interest rate on which is determined by reference to the Eurodollar Rate component of the Base Rate, the interest rate on which Base Rate Loans
of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate, in each case until such Lender notifies the Administrative Agent and the
Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, (x) the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert
all Eurodollar Rate Loans of such Lender to Base Rate Loans (the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate
component of the Base Rate), either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such
Eurodollar Rate Loans and (y) if such notice asserts the illegality of such Lender determining or charging interest rates based upon the Eurodollar Rate, the Administrative Agent shall during the period of such suspension compute the Base Rate
applicable to such Lender without reference to the Eurodollar Rate component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon
the Eurodollar Rate. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted. 

3.03    Inability to Determine Rates. If in connection with any request for a Eurodollar Rate Loan or a
conversion to or continuation thereof, (a)(i) the Administrative Agent determines that Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and Interest Period of such Eurodollar
Rate Loan, or (ii) adequate and reasonable means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan or in connection with an existing or proposed Base Rate Loan (in
each case with respect to clause (a) above, “Impacted Loans”), or (b) the Administrative Agent or the affected Lenders determine that for any reason the Eurodollar Rate for any requested Interest Period with respect
to a proposed Eurodollar Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Eurodollar Rate Loan, the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, (x) the
obligation of the Lenders to make or maintain Eurodollar Rate shall be suspended (to the extent of the affected Eurodollar Rate Loans or Interest Periods), and (y) in the event of a determination described in the preceding sentence with respect
to the Eurodollar Rate 

  
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component of the Base Rate, the utilization of the Eurodollar Rate component in determining the Base Rate shall be suspended, in each case until the Administrative Agent (upon the instruction of
the affected Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans (to the extent of the affected Eurodollar Rate Loans or
Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein. 

Notwithstanding the foregoing, if the Administrative Agent has made the determination described in this section, the Administrative Agent, in
consultation with the Borrower and the Required Lenders, may establish an alternative interest rate for the Impacted Loans, in which case, such alternative rate of interest shall apply with respect to the Impacted Loans until (1) the
Administrative Agent revokes the notice delivered with respect to the Impacted Loans under clause (a) of the first sentence of this Section, (2) the affected Lenders notify the Administrative Agent and the Borrower that such
alternative interest rate does not adequately and fairly reflect the cost to such Lenders of funding the Impacted Loans, or (3) any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is
unlawful, for such Lender or its applicable Lending Office to make, maintain or fund Loans whose interest is determined by reference to such alternative rate of interest or to determine or charge interest rates based upon such rate or any
Governmental Authority has imposed material restrictions on the authority of such Lender to do any of the foregoing and provides the Administrative Agent and the Borrower written notice thereof. 

3.04    Increased Costs; Reserves on Eurodollar Rate Loans. 

(a)    Increased Costs Generally. If any Change in Law shall: 

(i)    impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or
similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement contemplated by Section 3.04(e), other than as set forth
below); 
 (ii)    subject any Recipient to any Taxes (other than (A) Indemnified Taxes,
(B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its
deposits, reserves, other liabilities or capital attributable thereto; or 
 (iii)    impose on any
Lender or the London interbank market any other condition, cost or expense affecting this Agreement or Eurodollar Rate Loans made by such Lender or participation therein; 

and the result of any of the foregoing shall be to increase the cost to such Lender of making, converting to, continuing or maintaining any Loan the interest
on which is determined by reference to the Eurodollar Rate (or of maintaining its obligation to make any such Loan), or to reduce the amount of any sum received or receivable by such Lender hereunder (whether of principal, interest or any other
amount) then, upon request of such Lender, the Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender for such additional costs incurred or reduction suffered. 

  
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 (b)    Capital Requirements. If any Lender determines that any Change
in Law affecting such Lender or any Lending Office of such Lender or such Lender’s holding company, if any, regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s capital or
on the capital of such Lender’s holding company, if any, as a consequence of this Agreement, the Loans made by such Lender to a level below that which such Lender or such Lender’s holding company could have achieved but for such Change in
Law (taking into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender such additional amount or amounts as
will compensate such Lender or such Lender’s holding company for any such reduction suffered. 

(c)    Certificates for Reimbursement. A certificate of a Lender setting forth the amount or amounts necessary to
compensate such Lender or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such
Lender the amount shown as due on any such certificate within fifteen (15) days after receipt thereof. 

(d)    Delay in Requests. Failure or delay on the part of any Lender to demand compensation pursuant to the
foregoing provisions of this Section 3.04 shall not constitute a waiver of such Lender’s right to demand such compensation, provided that the Borrower shall not be required to compensate a Lender pursuant to the
foregoing provisions of this Section for any increased costs incurred or reductions suffered more than six months prior to the date that such Lender notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of
such Lender’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the six-month period referred to above
shall be extended to include the period of retroactive effect thereof). 
 (e)    Additional Reserve
Requirements. The Borrower shall pay to each Lender, as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in
respect of the maintenance of the Commitments or the funding of the Eurodollar Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs
allocated to such Commitment or Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided that
the Borrower shall have received at least fifteen (15) days’ prior notice (with a copy to the Administrative Agent) of such additional costs from such Lender. If a Lender fails to give notice fifteen (15) days prior to the relevant
Interest Payment Date, such additional costs shall be due and payable fifteen (15) days from receipt of such notice. 

3.05    Compensation for Losses. Upon demand of any Lender (with a copy to the Administrative Agent) from
time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 

(a)    any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the
last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 

  
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 (b)    any failure by the Borrower (for a reason other than the failure of
such Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Borrower; or 

(c)    any assignment of a Eurodollar Rate Loan on a day other than the last day of the Interest Period therefor as a
result of a request by the Borrower pursuant to Section 10.13; 
 including any foreign exchange losses and any loss or expense
arising from the liquidation or reemployment of funds obtained by it to maintain such Loan, from fees payable to terminate the deposits from which such funds were obtained or from the performance of any foreign exchange contract. The Borrower shall
also pay any customary administrative fees charged by such Lender in connection with the foregoing. 
 For purposes of calculating amounts payable by the
Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Eurodollar Rate Loan made by it at the Eurodollar Base Rate used in determining the Eurodollar Rate for such Loan by a
matching deposit or other borrowing in the London interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar Rate Loan was in fact so funded. 

3.06    Mitigation Obligations; Replacement of Lenders. 

(a)    Designation of a Different Lending Office. If any Lender requests compensation under
Section 3.04, or requires the Borrower to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if
such Lender gives a notice pursuant to Section 3.02, then at the request of the Borrower such Lender shall use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to
assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to
Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and (ii) in each case, would not subject such
Lender, as the case may be, to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such
designation or assignment. 
 (b)    Replacement of Lenders. If any Lender requests compensation under
Section 3.04, or if the Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01
and, in each case, such Lender has declined or is unable to designate a different lending office in accordance with Section 3.06(a), the Borrower may replace such Lender in accordance with
Section 10.13. 
 3.07    Survival. All obligations of the Loan Parties under
this Article III shall survive termination of the Aggregate Commitments, repayment of all other Obligations hereunder, and resignation of the Administrative Agent. 

  
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 ARTICLE IV 

CONDITIONS PRECEDENT 

4.01    Conditions of Initial Advance. The obligation of each Lender to make its Loans on the Closing Date
hereunder is subject to satisfaction of the following conditions precedent: 
 (a)    The Administrative Agent’s
receipt of the following, each of which shall be originals or telecopies (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party, each dated the Closing Date (or, in the
case of certificates of governmental officials, a recent date before the Closing Date) and each in form and substance satisfactory to the Administrative Agent and each of the Lenders: 

(i)    executed counterparts of this Agreement and the Subsidiary Guaranty, sufficient in number for
distribution to the Administrative Agent, each Lender and the Company; 
 (ii)    Notes executed by the
Borrower in favor of each Lender requesting Notes; 
 (iii)    such certificates of resolutions or other
action, incumbency certificates and/or other certificates of Responsible Officers of the Company and the Borrower as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized
to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Loan Party is a party; 

(iv)    such documents and certifications as the Administrative Agent may reasonably require to evidence
that each of the Company and the Borrower is duly organized or formed, is validly existing, in good standing and qualified to engage in business in each jurisdiction where its ownership, lease or operation of properties or the conduct of its
business requires such qualification, except to the extent that failure to be so qualified could not reasonably be expected to have a Material Adverse Effect; 

(v)    written opinions of the Chief Legal Officer of the Borrower, of the Company’s Dutch counsel,
and of the Borrower’s outside counsels, addressed to the Administrative Agent and the Lenders, in substantially the forms attached hereto as Exhibit G-1 (for US opinions) and
Exhibit G-2 (for foreign opinions), respectively; 

(vi)    a certificate signed by a Responsible Officer of the Company certifying that (A) the
representations and warranties of the Borrower contained in Article V are true and correct in all material respects (except to the extent that such representation or warranty is qualified by reference to materiality or Material Adverse
Effect, in which case it shall be true and correct in all respects) on and as of the Closing Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as
of such earlier date; (B) on and as of the Closing Date, no Default exists, or would result from the making of the Loans hereunder; and (C) all consents, licenses and approvals required in connection with the execution, delivery and
performance by such Loan Party and the validity against such Loan Party of the Loan Documents to which it is a party have been obtained, and such consents, licenses and approvals are in full force and effect; 

  
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 (vii)    the Administrative Agent shall have received a
Borrowing/Election Notice in accordance with the requirements hereof; 
 (viii)    evidence that a
payment of $275,000,000 shall be made, or shall have been made, to the outstanding principal amount of loans under the Existing 2012 Term Loan Credit Agreement; and 

(ix)    such other assurances, certificates, documents, consents or opinions as the Administrative Agent or
the Required Lenders reasonably may require. 
 (b)    Any fees required to be paid on or before the Closing Date shall
have been paid. 
 (c)    The Loan Parties shall have provided the documentation and other information to the
Administrative Agent and the Lenders that are required under applicable “know-your-customer” rules and regulations, including the Act, and requested by the Administrative Agent or any Lender, at least five Business Days prior to the
Closing Date. 
 (d)    Unless waived by the Administrative Agent, the Company shall have paid all reasonable fees,
charges and disbursements of counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent invoiced prior to or on the Closing Date. 

Without limiting the generality of the provisions of the last paragraph of Section 9.03, for purposes of determining
compliance with the conditions specified in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter
required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto. 

ARTICLE V 

REPRESENTATIONS AND WARRANTIES 

The Company represents and warrants as follows to each Lender and the Administrative Agent on and as of the Closing Date, each other day of
the making of a Borrowing 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: 

5.01    Organization; Corporate Powers. The Company and each of its Subsidiaries (a) 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, (b) 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 (c) 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. 

  
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 5.02    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 4.01 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. 
 5.03    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 (a) conflict with the certificate or articles of incorporation or by-laws of such Loan Party, (b) 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, (c) 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 (d) 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 for (a) the filing of Uniform Commercial Code financing statements, filings with the United States Copyright Office and/or the United States Patent and Trademark Office and the recording of
Mortgages pursuant to the Loan Documents (and any applicable foreign equivalent filings or requirements) or (b) 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. 

  
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 5.04    No Material Adverse Change. Since December 31,
2014, there has occurred no change in the business, properties, condition (financial or otherwise), performance or results of operations 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. 
 5.05    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 5.05(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, 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, 2014 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, 2015 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, subject to normal year-end audit adjustments. 

5.06    Payment of Taxes. All material tax returns and reports of the Company and its Subsidiaries required
to be filed have been timely (taking into account any applicable extensions) filed, and all material 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, if successfully imposed, will have a Material Adverse Effect. 

  
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 5.07    Litigation; Loss Contingencies and Violations. Other
than as identified on Schedule 5.07, 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 (a) challenges the validity or the enforceability of any material
provision of the Loan Documents or (b) 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 6.01(a) for the fiscal period during which such material loss contingency was incurred. Neither the Company nor any of its
Subsidiaries is (i) in violation of any applicable Requirements of Law which violation could reasonably be expected to have a Material Adverse Effect, or (ii) 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. 

5.08    Subsidiaries. As of the date hereof, Schedule 5.08 to this Agreement (a) 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 (b) accurately sets forth (i) 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, (ii) 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 (iii) 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 5.08, 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. 

5.09    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 5.09. 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 

  
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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 the assets held in trust or other funding vehicle for such plan by
a material amount except as set forth on Schedule 5.09. 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 5.09, 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 5.09, “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 5.09, in excess of $20,000,000. 

5.10    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. 

5.11    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. 
 5.12    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 

  
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knowledge that (a) 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 (b) 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. 
 5.13    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. 
 5.14    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 7.03. 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. The
information provided to the Collateral Agent and the Lenders with respect to each Mortgaged Property is true and correct in all material respects; provided that any information with respect to flood due diligence and flood insurance
compliance shall be true and correct in all respects. 
 5.15    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. 
 5.16    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. 

5.17    Environmental Matters. 

(a)    Environmental Representations. Except as disclosed on Schedule 5.17 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; 

  
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 (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 

(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 5.17 “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. 
 5.18    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 and any relevant Security Instrument, the Administrative Agent and the Lenders would not have made available the credit facilities established hereby on the terms set forth herein. 

5.19    Solvency. The Company and its Subsidiaries taken as a whole are Solvent. 

5.20    OFAC. No Loan Party, nor, to the knowledge of any Loan Party, any Related Party, (a) is
currently the subject of any Sanctions, (b) is located, organized or residing in any Designated Jurisdiction, or (c) 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 or the Administrative Agent) of Sanctions. 

5.21    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. 

  
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 5.22    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. 
 5.23    Anti-Corruption
Laws. The Company and its Subsidiaries have conducted their businesses in compliance with the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other similar anti-corruption legislation in other jurisdictions and
have instituted and maintained policies and procedures designed to promote and achieve compliance with such laws. 

5.24    Not an EEA Financial Institution. Neither the Borrower nor any Guarantor is an EEA Financial
Institution. 
 5.25    Security Instruments. 

(a)    The security interests created in favor of the Collateral Agent for the benefit of the Secured Creditors under the
U.S. Security Agreement constitute first priority perfected security interests (subject to Liens permitted by Section 7.03) in the U.S. Collateral referred to therein to the extent that the laws of the United States or any
State thereof govern the creation and perfection of any such security interests, and such U.S. Collateral is subject to no Lien of any other Person. Except for filings and actions contemplated hereby and by the U.S. Security Agreement, no consents,
filings or recordings are required under the laws of the United States or any State thereof in order to perfect, and/or maintain the perfection and priority of, the security interests purported to be created by the U.S. Security Agreement. 

(b)    The security interests created in favor of the Collateral Agent for the benefit of the Administrative Agent under
each Dutch Security Agreement constitute first priority perfected security interests (subject to Liens permitted by Section 7.03) in the respective Dutch Collateral referred to therein to the extent that the laws of The
Netherlands govern the creation and perfection of any such security interests, and (except as permitted by Section 7.03) such Dutch Collateral is subject to no Lien of any other Person. Except for filings and actions
contemplated hereby and by the Dutch Security Agreement, no consents, filings or recordings are required under the laws of The Netherlands in order to perfect, and/or maintain the perfection and priority of, the security interests purported to be
created by any Dutch Security Agreement. 
 (c)    The security interests created in favor of the Collateral Agent for
the benefit of the Administrative Agent under each Curaçao Security Agreement constitute first priority perfected security interests (subject to Liens permitted by Section 7.03) in the respective Curaçao
Collateral referred to therein to the extent that the laws of Curaçao govern the creation and perfection of any such security interests, and such Curaçao Collateral is subject to no Lien of any other Person (except as permitted by
Section 7.03). Except for filings and actions contemplated hereby and by the Curaçao Security Agreement, no consents, filings or recordings are required under the laws of Curaçao in order to perfect, and/or
maintain the perfection and priority of, the security interests purported to be created by any Curaçao Security Agreement. 

  
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 (d)    The security interests created in favor of the Collateral Agent for
the benefit of the Administrative Agent under each UK Security Agreement constitute, subject to the filings and actions contemplated in the next sentence below, first priority perfected security interests (subject to Liens permitted by
Section 7.03) in the respective UK Collateral referred to therein to the extent that the laws of England govern the creation and perfection of any such security interests, and such UK Collateral is subject to no Lien of any
other Person (subject to Liens permitted by Section 7.03). Except for filings and actions contemplated hereby and by the UK Security Agreement, no consents, filings or recordings are required with any court or other
authority in England under the laws of England in order to perfect, and/or maintain the perfection and priority of, the security interests purported to be created by any UK Security Agreement. 

5.26    Regulation H. No Mortgaged Property is a Flood Hazard Property unless the Collateral Agent shall
have received the following: (a) the applicable Loan Party’s written acknowledgment of receipt of written notification from the Collateral Agent (i) as to the fact that such Mortgaged Property is a Flood Hazard Property, (ii) as
to whether the community in which each such Flood Hazard Property is located is participating in the National Flood Insurance Program and (iii) such other flood hazard determination forms, notices and confirmations thereof as requested by the
Collateral Agent and (b) copies of insurance policies or certificates of insurance of the applicable Loan Party evidencing flood insurance reasonably satisfactory to the Collateral Agent and naming the Collateral Agent as loss payee on behalf
of the Lenders. All flood hazard insurance policies required hereunder have been obtained and remain in full force and effect, and the premiums thereon have been paid in full. 

5.27    Labor Disputes. Except as, individually or in the aggregate, would not reasonably be expected to
have a Material Adverse Effect (a) there are no strikes, lockouts or slowdowns against the Company or any of its Subsidiaries pending or, to the knowledge of the Company or any of its Subsidiaries, threatened and (b) the hours worked by
and payments made to employees of the Company and its Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable Requirements of Law dealing with such matters. 

ARTICLE VI 
 AFFIRMATIVE
COVENANTS 
 The Company covenants and agrees that on and after the Closing Date, so long as any Lender shall have any Commitment
hereunder or any Loan or other Obligation hereunder shall remain unpaid or unsatisfied (other than contingent Obligations to the extent no claim giving rise thereto has been asserted), unless the Required Lenders shall otherwise give prior written
consent: 
 6.01    Financial Report. The Company shall furnish to the Administrative Agent (for delivery
to each of the Lenders, except in respect of the reports described under clause (g) below): 

(a)    Quarterly Reports. As soon as practicable and in any event within forty-five (45) days after the end of
each of (i) 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 

  
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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 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
(ii) each quarterly period of its fiscal year, a report relating to the asbestos litigation described in Schedule 5.17, 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 (x) any final judgments or orders (whether monetary or non-monetary) entered against the Company or any Subsidiary and (y) any
settlements for the payment of money entered into by the Company or any Subsidiary. 
 (b)    Annual Reports. As
soon as practicable, and in any event within ninety (90) days after the end of each fiscal year, (i) 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 7.18 and (ii) an audit report on the consolidated financial statements (but not the consolidating financial statements or schedules) listed
in clause (i) 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 Event of Default, or if, in
the opinion of such accountants, any Default or Event of Default shall exist, stating the nature and status thereof. 

(c)    Officer’s Certificate. Together with each delivery of any financial statement (i) pursuant to
clauses (i) or (ii) of Section 6.01(a), an Officer’s Certificate of the Company, substantially in the form of Exhibit E attached hereto and made a part hereof, stating
that as of the date of such Officer’s Certificate no Default or Event of Default exists, or if any Default or Event of Default exists, stating the nature and status thereof and (ii) pursuant to clauses (a) and
(b) of this Section 6.01, a Compliance Certificate signed by a Responsible Officer, which demonstrates compliance with the tests contained in Section 7.18, and which calculates the
Applicable Rate. 
 (d)    Budgets; Business Plans; Financial Projections. As soon as practicable and in any
event not later than ninety (90) days after the beginning of each fiscal year commencing with the 

  
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fiscal year beginning January 1, 2016, 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. 

(e)    Monthly Operating Reports. On September 15, 2017 and thereafter on the 15th day of each calendar month
(i) a 13-week cash flow forecast, including a roll-forward of receivables and payables; (ii) a work-in-progress report
with respect to each contract with a value in excess of $200,000,000 (or, if greater, at least 80% coverage of backlog); provided that such report must also include such information in respect of all projects that have cost plus profit in
excess of billings balances in excess of $20,000,000; (iii) a report on (A) new contracts awarded with individual values in excess of $20,000,000 and (B) the new contract awards pipeline with respect to contracts with an individual
value in excess of $20,000,000, in each case, including estimated letter of credit and bonding requirements for such contracts (iv) a progress report on the implementation of cost reduction measures by the Company; and (v) integrated
financial projections for the period from such date of delivery to October 31, 2018 including cash flow projections on all projects with a contract price of $300,000,000 or more, in each case, in form and detail reasonably acceptable to the
Administrative Agent. 
 (f)    Weekly Operating Reports. By close of business (i) on Wednesday of each week
after September 15, 2017 a cash flow variance analysis for the preceding week with reasonably detailed explanations of variances in excess of 10%; and (ii) August 16, 2017 and thereafter on Wednesday of each week, a report detailing
calculations of Minimum Availability, Excess Cash, Restricted Cash, Unrestricted Cash, Restricted Joint Venture Cash, Unrestricted Joint Venture Cash and Prepayment Proceeds (NPA Notes) Cash for each Business Day of the preceding week, in each case
in form and detail reasonably acceptable to the Administrative Agent. 
 (g)    Intercompany Transaction Reports.
Within 60 days of the calendar month ending July 31, 2017, and thereafter within 30 days of the end of each calendar month, a report detailing (i) each loan advanced during such calendar month by a Collateral Loan Party to a Non-Collateral Loan Party (including the name of the creditor and debtor of each such loan and the outstanding balance thereof) and the aggregate balance of all such loans (including any such loans advanced in a
prior month which remained outstanding as of such date) and (ii) each Disposition by a Collateral Loan Party to a Non-Collateral Loan Party involving assets with an aggregate value of $2,500,000 or
greater (including the name of the buyer and the seller, a description in reasonable detail of the assets subject to such Disposition and a description of the consideration received by the seller for such Disposition). 

6.02    Notices. The Company shall: 

(a)    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 Event of Default, or becoming aware that any Lender or
Administrative Agent has given any written notice with respect to a claimed Default or Event of 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 

  
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or condition of the type referred to in Section 8.01(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, Event of 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. 

(b)    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 5.07, 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 $25,000,000 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 

(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 $10,000,000 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 Sections 6.02(b)(i) and
(ii), 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. 
 (c)    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

  
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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 

(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 6.01(c), 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. 
 (d)    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. 
 (e)    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 SEC 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 SEC by the Company or its Subsidiaries pursuant to the Securities Exchange Act of 1934 and the rules promulgated thereunder. 

  
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 (f)    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. 

(g)    Mandatory Prepayments. Promptly notify the Administrative Agent and the Lenders of the (i) occurrence
of any Disposition of property or assets for which the Borrower is required to make a mandatory prepayment pursuant to Section 2.03(b)(i), (ii) incurrence or issuance of any Indebtedness for which the Borrower is required
to make a mandatory prepayment pursuant to Section 2.03(b)(ii), (iii) occurrence of any sale of Capital Stock for which the Borrower is required to make a mandatory prepayment pursuant to
Section 2.03(b)(iii) and (iv) the receipt of any Net Insurance/Condemnation Proceeds in respect of which the Borrowers may be required to make a mandatory prepayment pursuant to
Section 2.03(b)(v). 
 (h)    Notice under Note Purchase Agreements. Promptly after the
delivery thereof, deliver or provide to the Administrative Agent and the Lenders, to the extent not provided hereunder, all reports, documents and other information delivered pursuant to the Financing Agreements (as defined in the Note Purchase
Agreements as of the Amendment No. 5 Closing Date). 
 (i)    Other Information. Promptly upon receiving a
request therefor from the Administrative Agent (acting on its own behalf or at the request of any Lender), prepare and deliver to the Administrative Agent and the Lenders such other information with respect to the Company, any of its Subsidiaries
(including information necessary to conduct flood due diligence and flood insurance compliance), as from time to time may be reasonably requested by the Administrative Agent or any Lender (through a request to the Administrative Agent). 

Documents required to be delivered pursuant to Section 6.01(a) or (b) or
Section 6.02(e)(i) or (iii) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been
delivered on the date (i) on which the Company posts such documents, or provides a link thereto on the Company’s website on the Internet at the website address listed on Schedule 10.02; or (ii) on which such
documents are posted on the Company’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent);
provided that: (i) the Company shall deliver paper copies of such documents to the Administrative Agent or any Lender upon its request to the Company to deliver such paper copies until a written request to cease delivering paper copies
is given by the Administrative Agent or such Lender and (ii) the Company shall notify the Administrative Agent and each Lender (by facsimile or electronic mail) of the posting of any such documents and provide to the Administrative Agent by
electronic mail electronic versions (i.e., soft copies) of such documents. The Administrative Agent shall have no obligation to request the delivery of or to maintain paper 

  
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copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Company with any such request by a Lender for delivery, and each Lender shall
be solely responsible for requesting delivery to it or maintaining its copies of such documents. 
 The Borrower hereby acknowledges that
(a) the Administrative Agent and/or the Arrangers may, but shall not be obligated to, make available to the Lenders materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower
Materials”) by posting the Borrower Materials on DebtDomain, IntraLinks, Syndtrak or another similar electronic system (the “Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have
personnel who do not wish to receive material non-public information with respect to the 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. The 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 Borrower shall be deemed to have authorized the
Administrative Agent, the Arrangers and the Lenders to treat such Borrower Materials as not containing any material non-public information with respect to the Borrower or their respective 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 10.07); (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.” Notwithstanding the foregoing, the Borrower shall not be under any obligation to
mark any Borrower Materials “PUBLIC.” 
 6.03    Existence, Etc. The Company shall and, except
as permitted pursuant to Section 7.08, 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. 
 6.04    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. 
 6.05    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. 

  
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 6.06    Payment of Taxes and Claims; Tax Consolidation. The
Company shall pay, and cause each of its Subsidiaries to pay, (a) all material 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 (b) 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 7.03) 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 (a) above or claims referred to in clause (b) 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. 
 6.07    Insurance. (a) 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, and (b) the Company and the applicable Loan Party shall, without limiting the foregoing, at all times, (i) maintain, if available, fully paid flood hazard insurance with respect to each Mortgaged Property
containing a Building (as defined in Section 208.25 of Regulation H of the FRB) that is located in a special flood hazard area, as designated by the Federal Emergency Management Agency of the United States Department of Homeland Security
(“FEMA”), on such terms and in such amounts as required by The National Flood Insurance Reform Act of 1994 or as otherwise reasonably required by the Collateral Agent, (ii) upon request, furnish to the Collateral Agent evidence
of the renewal of all such policies, and (iii) furnish to the Collateral Agent written notice of any redesignation by FEMA of any such Building into or out of a special flood hazard area promptly upon obtaining knowledge of such redesignation.
Additionally, the Company shall deliver to the Collateral Agent (x) standard flood hazard determination forms and (y) if any Mortgaged Property is located in a special flood hazard area (A) notices to (and confirmations of receipt by)
such Loan Party as to the existence of a special flood hazard and, if applicable, the unavailability of flood hazard insurance under the National Flood Insurance Program and (B) evidence of applicable flood insurance, if available, in each case
in such form, on such terms and in such amounts as required by The National Flood Insurance Reform Act of 1994 or as otherwise required by the Collateral Agent. The Loan Parties shall deliver to the Collateral Agent at the Collateral Agent’s
request an Authorization to Share Insurance Information. 
 6.08    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 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 

  
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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. Upon the Administrative Agent’s request, the
Company shall turn over copies of any such records to the Administrative Agent or its representatives. 

6.09    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 $25,000,000 or except as set forth on Schedule 5.09. 

6.10    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 6.10 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. 

6.11    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 $25,000,000. 

6.12    Use of Proceeds. The Borrower shall use the proceeds of the Loans to provide funds for general
corporate purposes of the Company and its Subsidiaries, including, without limitation, the making of a $275,000,000 payment to the outstanding principal amount of loans under the Existing 2012 Term Loan Credit Agreement and for working capital
purposes. The Company will not, nor will it 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. 

  
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 6.13    Covenant to Guarantee Obligations and Give Security.

 (a)    As security for the full and timely payment and performance of all Obligations, the Company shall, and shall,
subject to the deadlines and requirements set forth in Annexes III and IV attached to Amendment No. 5, cause each other Collateral Loan Party to, on or after the Amendment No. 5 Closing Date (or such other times as separately
agreed to in writing with the Collateral Agent), do or cause to be done all things reasonably necessary in the opinion of the Collateral Agent and its counsel to grant to the Collateral Agent for the benefit of the Collateral Agent, the
Administrative Agent and the Secured Creditors a duly perfected first priority security interest in all Collateral subject to no prior Lien or other encumbrance or restriction on transfer (other than restrictions on transfer imposed by applicable
securities laws), except as expressly permitted hereunder or any other Loan Document. Without limiting the foregoing, the Company shall deliver, and shall cause each Collateral Loan Party to deliver, or shall have previously delivered and caused
each Collateral Loan Party to deliver, to the Collateral Agent, in form and substance reasonably acceptable to the Collateral Agent, (i) the Security Instruments, which shall pledge to the Collateral Agent for the benefit of the Secured
Creditors, as applicable, (A) certain personal property of the Company and the Collateral Loan Parties more particularly described therein, (B) 65% of the Voting Securities of each Direct Foreign Subsidiary (or if such Collateral Loan Party
shall own less than 65%, then all of the Voting Securities owned by them) and 100% of the other Subsidiary Securities of such Direct Foreign Subsidiary that are owned by the Company or such Collateral Loan Party, and (C) all of the Subsidiary
Securities owned by the Company or Collateral Loan Parties in each Domestic Subsidiary, (ii) if such Subsidiary Securities are in the form of certificated securities, such certificated securities, together with undated stock powers or other
appropriate transfer documents endorsed in blank pertaining thereto, (iii) Uniform Commercial Code or equivalent financing statements (to the extent relevant or required under applicable law) in form, substance and number as requested by the
Collateral Agent, reflecting the Lien in favor of the Collateral Agent for the benefit of the Secured Creditors on the Subsidiary Securities and all other Collateral, and (iv) Mortgages and Mortgage Instruments as requested by the Collateral
Agent, and shall take such further action and deliver or cause to be delivered such further documents as required by the Security Instruments or otherwise as the Collateral Agent may request to effect the transactions contemplated by the Loan
Documents; provided, that notwithstanding anything herein to the contrary, (1) in the event any Domestic Subsidiary is a “disregarded entity” for United States federal income tax purposes (a “Domestic Disregarded
Subsidiary”), and such Domestic Disregarded Subsidiary owns stock in a Direct Foreign Subsidiary, then the Subsidiary Securities of such Domestic Disregarded Subsidiary shall not be pledged or provide any guaranty or serve as collateral in
connection herewith; provided, however, that only the assets of such Domestic Disregarded Subsidiary (other than the stock in the Direct Foreign Subsidiary) shall be pledged or provide any guaranty or serve as collateral in connection
herewith, as well as up to sixty-five percent (65%) in the aggregate of the Voting Securities and 100% of any other Subsidiary Securities of such Direct Foreign Subsidiary of such Domestic Disregarded Subsidiary, subject to such further limitations
as otherwise provided herein and (2) in the event any Domestic Subsidiary is a U.S. entity that is treated as a corporation for U.S. federal income tax purposes substantially all of the fair market value of whose assets consist of one or more
controlled foreign corporations within the meaning of Section 957 of the Code (a “US CFC HoldCo”), then the Subsidiary Securities of such US CFC HoldCo shall not be pledged or provide any guaranty or serve as collateral
in connection herewith; provided, however, that up to sixty-five percent (65%) in the aggregate of the Voting Securities and 100% of any other Subsidiary Securities of such US CFC HoldCo shall be pledged or serve as collateral in
connection herewith. 

  
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 (b)    After the Amendment No. 4 Closing Date, upon the formation,
acquisition or capitalization of any new direct Subsidiary by any Loan Party, and upon the designation of each other Subsidiary as is necessary to remain in compliance with the terms of Section 7.15, then the Borrower shall
promptly notify the Collateral Agent of such fact and promptly thereafter (and in any event, with respect to Domestic Subsidiaries, within thirty (30) days, with respect to Foreign Subsidiaries, within sixty (60) days, and
solely with respect to Section 6.13(b)(iii), within ninety (90) days, or, in any case, such longer period requested by the Company and approved by the Collateral Agent), cause such Person to deliver to the Collateral
Agent, as the Collateral Agent shall deem appropriate, at the Borrower’s expense: 
 (i)    a
supplement to the Subsidiary Guaranty in the form of the supplement attached thereto duly executed by such Subsidiary; 

(ii)    (A) where a security is being granted by a Domestic Subsidiary under the laws of any state of the
United States, or under the laws of the District of Columbia, a Security Joinder Agreement of such Subsidiary (including without limitation completed schedules and supplements thereto as well as, to the extent applicable, intellectual property
security interest notices executed in blank in accordance with the terms of the U.S. Security Agreement), together with such Uniform Commercial Code financing statements naming such Subsidiary as “Debtor” and naming the Collateral Agent
for the benefit of the Secured Creditors as “Secured Party,” in form, substance and number sufficient in the reasonable opinion of the Collateral Agent and its special counsel to be filed in all Uniform Commercial Code filing offices in
all jurisdictions in which filing is necessary or advisable to perfect in favor of the Collateral Agent for the benefit of the Secured Creditors the Lien on Collateral conferred under such Security Instrument to the extent such Lien may be perfected
by Uniform Commercial Code filing; or (B) in all other cases, such instruments, agreements and other documents as are effective under the applicable local law to grant a valid and perfected security interest (or the local law equivalent
thereof) in favor of the Collateral Agent in the Collateral of the relevant Subsidiary; 

(iii)    Mortgages, together with Mortgage Instruments, with respect to each individual real property (and
related improvements) with a fair market value in excess of $2,500,000 (as determined by the Borrower and the Collateral Agent in good faith) owned by such Subsidiary, together with evidence that the casualty and other insurance (including, without
limitation, flood insurance) required pursuant to the Loan Documents is in full force and effect; provided that with respect to any real property being added as Collateral, the Company will give at least 45 days’ prior written notice
prior to pledging such real property to the Collateral Agent, and, upon confirmation from the Collateral Agent that all flood insurance due diligence and flood insurance compliance verification has been completed, such real property may be pledged;

 (iv)    subject to subsection (a) above, if the Subsidiary Securities issued by such
Subsidiary that are, or are required to become, Pledged Interests are owned by a Subsidiary who has not then executed and delivered to the Collateral Agent a Security 

  
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Instrument granting a Lien to the Collateral Agent, for the benefit of the Secured Creditors, in such Equity Interests, (A) where the relevant Pledged Interests may be validly pledged under
the laws of any state of the United States, or under the laws of the District of Columbia, (x) a Security Agreement Joinder executed by the Subsidiary that directly owns such Subsidiary Securities, and (y) if such Subsidiary Securities
shall be owned by the Borrower or a Subsidiary who has previously executed the U.S. Security Agreement, a supplement to the U.S. Security Agreement in form and substance reasonably acceptable to the Collateral Agent, pertaining to such Subsidiary
Securities; or (B) in all other cases, such instruments, agreements and other documents as are effective under applicable local law to grant a valid and perfected security interest (or the equivalent thereof under local law) in favor of the
Collateral Agent in the Subsidiary Securities issued by such Subsidiary; 
 (v)    subject to
subsection (a) above, if the Pledged Interests issued by such Subsidiary constitute securities under (and which are capable under applicable law of being pledged pursuant to the provisions of) Article 8 of the Uniform Commercial Code,
(a) the certificates representing 100% of such Subsidiary Securities and (b) duly executed, undated stock powers or other appropriate powers of assignment in blank affixed thereto; 

(vi)    where relevant or required under applicable law for the creation or perfection of security
instruments in the relevant jurisdiction, a supplement to the appropriate schedule (or other documents which are effective under applicable law to grant a security interest or pledge in the relevant Collateral) attached to the appropriate Security
Instruments listing the additional Collateral, certified as true, correct in all material respects and complete by the Responsible Officer (provided that the failure to deliver such supplement shall not impair the rights conferred under the
Security Instruments in after-acquired Collateral); 
 (vii)    documents of the types referred to in
clauses (iii) and (iv) of Section 4.01(a) and, if requested by the Collateral Agent, customary opinions of counsel to such Person, all in form, content and scope reasonably satisfactory to the Collateral
Agent; and 
 (viii)    such other assurances, certificates, documents, consents or opinions as the
Administrative Agent or Collateral Agent reasonably may require. 
 (c)    Other Required Guarantors. 

(i)    If at any time any Subsidiary of the Company which is not a Subsidiary Guarantor guaranties any
Indebtedness of the Company other than the Indebtedness hereunder, the Company shall cause such Subsidiary to deliver to the Administrative Agent, as applicable, the documents referred to in subsection (b) above. 

(ii)    The Company shall ensure that any of its Subsidiaries which is a Subsidiary Guarantor shall, as
soon as possible after becoming a Subsidiary Guarantor (and to the extent it has not already done so), execute a Subsidiary Guaranty and deliver an executed counterpart thereof to the Administrative Agent. 

  
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 (d)    Additional Excluded Foreign Subsidiaries. In the event any
Subsidiary otherwise required to become a Subsidiary Guarantor under subsection (a), (b) or (c) above would cause the Company adverse tax consequences if it were to become a Subsidiary Guarantor or is restricted from
becoming a Subsidiary Guarantor as a result of domestic laws or otherwise, the Collateral 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 Subsidiary Guarantor. 
 (e)    Joint Ventures. Notwithstanding anything to the contrary contained in
any Loan Document, (i) in the event any Subsidiary otherwise required to become a Guarantor under this Section 6.13 is a joint venture or unincorporated association, and such Subsidiary’s becoming a Subsidiary
Guarantor shall be restricted by such Subsidiary’s constitutive documents, the Obligations guaranteed by such Subsidiary shall not exceed the amount that may be so guaranteed pursuant to such constitutive documents, (ii) the Freeport Joint
Ventures shall not be required to become Subsidiary Guarantors, and (iii) in no event shall such Subsidiary be required to guarantee an amount in excess of 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. 
 (f)    Additional Mortgages. Within 30 days after the request of the
Collateral Agent pursuant to Section 6.13(a)(iv) (which may be extended at the sole discretion of the Collateral Agent), each Collateral Loan Party shall deliver Mortgages (granting valid and perfected first priority Liens
and security interests), together with Mortgage Instruments, with respect to each individual real property (and related improvements) with a fair market value in excess of $2,500,000 (as determined by the Company and the Collateral Agent in good
faith) owned by such Collateral Loan Party, together with evidence that the casualty and other insurance (including, without limitation, flood insurance) required pursuant to the Loan Documents is in full force and effect; provided that with
respect to any real property being added as Collateral, the Collateral Agent agrees that it will not request any such Mortgage unless and until it has confirmed that all flood insurance due diligence and flood insurance compliance verification has
been completed and such real property may be pledged. This Section 6.13(f) will supersede Section 16(a) of Amendment No. 3 with respect to the requirements for the grant of first priority Liens and security
interests in owned real property of the Collateral Loan Parties. 
 (g)    Additional Collateral Loan Parties.
After the Amendment No. 5 Closing Date, the Company shall take all actions reasonably requested by the Collateral Agent to create and perfect Liens in any or all property of any Loan Party not currently a Collateral Loan Party (wherever
incorporated or established) if the Collateral Agent reasonably determines that the value of the assets of such Subsidiary is material (including, if so required, entering into local law governed instruments granting Liens in Equity Interests in,
and assets of, foreign Subsidiaries), it being expressly acknowledged by the Collateral Agent that (i) any request of the Collateral Agent shall be subject to the limitations set forth in Section 6.13(a) and
(ii) in certain jurisdictions (A) it may be impossible or impractical (including for legal and regulatory reasons) to grant Liens in certain categories of assets or (B) it may take longer than agreed upon to grant or create such Liens
in certain categories of assets, in which event the Collateral Agent shall act reasonably in granting 

  
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the necessary extension of timing for obtaining such Liens; provided that, with respect to subsections (i) and (ii), the applicable Subsidiary shall have exercised commercially
reasonable efforts to grant any such Liens. 
 6.14    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 $25,000,000. 
 6.15    Anti-Corruption Laws. The Company and its
Subsidiaries shall conduct their businesses in compliance with the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other similar anti-corruption legislation in other jurisdictions, and maintain policies and
procedures designed to promote and achieve compliance with such laws. 
 6.16    Appraisals. The
Collateral Agent, the Administrative Agent and the Lenders may obtain from time to time an appraisal of all or any part of any Collateral, prepared in accordance with written instructions from the Collateral Agent, the Administrative Agent and the
Lenders, from a third-party appraiser satisfactory to, and engaged directly by, the Administrative Agent and the Lenders. The cost of any appraisal shall be borne by the Borrower and such cost shall be part of the Indebtedness, and constitute an
Obligation (without duplication under any Transaction Facility), hereunder and shall be payable by the Borrower to the Administrative Agent on written demand (which obligation the Borrower hereby promises to pay). 

6.17    Further Assurances. Promptly upon request by the Collateral Agent, the Administrative Agent, or any
Lender through the Administrative Agent, the Company and its Subsidiaries shall (a) correct any material defect or error that may be discovered in any Loan Document or in the execution, acknowledgment, filing or recordation thereof, and
(b) do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further
acts, deeds, certificates, assurances and other instruments as the Collateral Agent, the Administrative Agent, or any Lender through the Administrative Agent, may reasonably require from time to time in order to (i) carry out more effectively
the purposes of the Loan Documents, (ii) to the fullest extent permitted by applicable law, subject any Collateral Loan Party’s properties, assets, rights or interests to the Liens now or hereafter intended to be covered by any of the
Collateral Documents, (iii) perfect and maintain the validity, effectiveness and priority of any of the Collateral Documents and any of the Liens intended to be created thereunder and (iv) assure, convey, grant, assign, transfer, preserve,
protect and confirm more effectively unto the Secured Creditors the rights granted or now or hereafter intended to be granted to the Secured Creditors under any Loan Document or under any other instrument executed in connection with any Loan
Document to which any Loan Party is or is to be a party. 
 6.18    Most Favored Lender Status. If the
Administrative Agent, acting in its sole discretion or at the direction of the Required Lenders, determines that the Company or any Subsidiary has provided any other creditor with greater rights, protections, compensation or other benefits under any
instruments relating to Indebtedness than the Lenders have received under 

  
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this Agreement and any other Loan Document, then the Company and its Subsidiaries shall at the request of the Administrative Agent, and as soon as reasonably practicable, enter into an amendment
to this Agreement and, as applicable, any other Loan Document that incorporates such rights, protections, compensation and other benefits for the benefit of the Administrative Agent and the Lenders, and, until such amendment is effective, the
Administrative Agent and the Lenders shall be deemed to have the benefit of such additional rights, protections, compensation and benefits. 

6.19    Technology Disposition. 

(a)    Milestones. The Company shall (i) prepare a confidential information memorandum, financial model and
transaction structure memorandum, in each case, for the Technology Disposition, and deliver copies of such documents to the Administrative Agent, by no later than September 8, 2017; (ii) prepare, for distribution to prospective purchasers,
a form of asset purchase agreement for the Technology Disposition, in form and substance reasonably acceptable to the Administrative Agent, by no later than October 15, 2017; (iii) obtain the Administrative Agent’s prior written
consent to the final terms and conditions upon which the Technology Disposition will be completed with the successful bidder prior to the execution of any definitive transaction documentation; (iv) execute definitive transaction documentation
with the successful bidder by no later than December 8, 2017; provided that the Administrative Agent may, in its sole discretion, extend such deadline for up to 15 days; (v) prior to the consummation of the Technology Disposition,
deliver detailed information regarding the closing calculations for the Technology Disposition, including estimated working capital adjustments, which shall be reasonably acceptable to the Administrative Agent; and (vi) complete the Technology
Disposition, and the accompanying closing funds flow, by no later than December 27, 2017; provided that the Administrative Agent may, in its sole discretion, extend such deadline for up to 64 days. 

(b)    Technology Make-Whole Amount Payable to Noteholders. Without limiting the requirement to obtain the
consent of the Administrative Agent to the Technology Disposition as provided in Section 7.02(f), if the Technology Disposition is consummated on or prior to February 28, 2018 or such later date as the Administrative
Agent and the Required Holders (as defined in each of the Note Purchase Agreements as in effect on the Amendment No. 5 Closing Date) agree in the exercise of their respective discretion and provided no Event of Default (under and as defined in
any of the Transaction Facilities, as in effect on the Amendment No. 5 Closing Date) has occurred and is continuing on the date the Technology Disposition has been consummated, or will result therefrom, then the Company and its Subsidiaries may
pay the Noteholders the Technology Make-Whole Amount; provided that (x) any obligation for the Company and its Subsidiaries to pay the Technology Make-Whole Amount is subordinated to the payment in full in cash of the maximum amount of
obligations which may from time to time be payable or arise under the Transaction Facilities (as in effect on the Amendment No. 5 Closing Date) other than the Technology Make-Whole Amount and (y) (1) the parties to the Intercreditor
Agreement have amended the Intercreditor Agreement in advance of the consummation of the Technology Disposition to reflect the subordination of the Technology Make-Whole Amount or (2) the Net Cash Proceeds of the Technology Disposition are
distributed in accordance with the subordination terms of Section 9.13(b) of each Note Purchase Agreement (as in effect on the Amendment No. 8 Closing Date); provided further, that this clause (b) shall not
restrict any other make whole amount due to the holders of the NPA Notes under the Note Purchase Agreements, as in effect on the Amendment No. 5 Closing Date. 

  
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 6.20    Strategic Review. The Company shall, on or before the
Amendment No. 5 Closing Date, expand the scope of the existing engagement letter between FTI Consulting (“FTI”) and the Company pursuant to the terms of an addendum thereto, on terms reasonably acceptable to the Administrative
Agent, to include a strategic review (the “Strategic Review”) of the business of the Company and its Subsidiaries in light of the potential Technology Disposition. The Company shall not amend, modify, vary or supplement the scope of
FTI’s engagement for the Strategic Review or terminate such engagement, at any time on and following the Amendment No. 5 Closing Date, without the prior written consent of the Administrative Agent (provided that the Administrative
Agent’s written consent shall not be required to the extent of the scope of the FTI engagement is expanded or broadened, so long as a copy of the FTI engagement letter documenting such expanded scope is promptly delivered to the Administrative
Agent upon being agreed between FTI and the Company). FTI shall present a report of its findings to the Company’s Board of Directors no later than October 8, 2017. Within five (5) Business Days following FTI’s presentation to the
Company’s Board of Directors, the Company and FTI shall meet with the Administrative Agent and its professional advisors to discuss any strategic alternatives and/or initiatives to be recommended as a result of the Strategic Review. 

6.21    Pari Passu Ranking. The Loans and all other obligations under this Agreement and the other Loan
Documents of the Loan Parties shall be and at all times thereafter shall remain direct and secured obligations of such Loan Party ranking at least pari passu in right of payment with all secured Indebtedness outstanding under (i) the
other Transaction Facilities, and (ii) any credit or facility agreement of a Loan Party or any Subsidiary thereof or other agreement of a Loan Party or a Subsidiary thereof. 

ARTICLE VII 
 NEGATIVE
COVENANTS 
 So long as any Lender shall have any Commitment hereunder or any Loan or other Obligation hereunder shall remain unpaid or
unsatisfied (other than contingent Obligations to the extent no claim giving rise thereto has been asserted), the Company shall not, nor shall it permit any Subsidiary to, directly or indirectly: 

7.01    Indebtedness.  

(i)    After the Amendment No. 3 Closing Date, the Company shall not, nor shall it permit any Subsidiary to, create,
incur, assume or otherwise become or remain directly or indirectly liable with respect to any secured Indebtedness except with respect to (a) secured Indebtedness in existence on the Amendment No. 3 Closing Date (and any Permitted
Refinancing thereof) to the extent not otherwise in violation of Section 7.01(ii) and (b) to the extent such Indebtedness is secured, Indebtedness permitted pursuant to Sections 7.01(ii)(a),
7.01(ii)(b), 7.01(ii)(c), 7.01(ii)(d), 7.01(ii)(f), 7.01(ii)(g), 7.01(ii)(h), 7.01(ii)(k) and 7.01(ii)(l) (in each case to the extent that
notwithstanding this Section 7.01(i) such Indebtedness is permitted to be secured under this Agreement). 

  
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 (ii)    Neither the Company nor any of its Subsidiaries shall create, incur,
assume or otherwise become or remain directly or indirectly liable with respect to any Indebtedness, except, in each case subject to clause (i) above: 

(a)    Indebtedness of the Company and the Borrower under this Agreement and the Subsidiaries under the
Subsidiary Guaranty; 
 (b)    Indebtedness in respect of guaranties executed by any Subsidiary Guarantor with respect
to any Indebtedness of the Company and Indebtedness in respect of guaranties executed by the Company with respect to any Indebtedness of the Company’s Subsidiaries, provided that such underlying Indebtedness is not incurred by the
Company or any such Subsidiary, as applicable, in violation of this Agreement; 
 (c)    Indebtedness in
respect of obligations secured by Customary Permitted Liens; 
 (d)    Indebtedness constituting
Contingent Obligations permitted by Section 7.05; 
 (e)    Unsecured Indebtedness arising
from loans from (i) any Collateral Loan Party to any other Collateral Loan Party, (ii) any Non-Collateral Loan Party to a Loan Party, (iii) any Collateral Loan Party to a Non-Collateral Loan Party, provided that (y) such Indebtedness has arisen in the ordinary course of business, and (z) to the extent the principal amount of such Indebtedness is $1,000,000 or
greater, a promissory note evidencing such Indebtedness has been delivered as additional Collateral in favor of the Collateral Agent, (iv) any Non-Loan Party to the Company or any of its Subsidiaries,
(v) Lealand Finance Company B.V. to any Subsidiary (other than any Subsidiary Guarantor) in an aggregate outstanding principal amount not to exceed $100,000,000 at any time and (vi) 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 (x) any Loan Party is the obligor on such Indebtedness or (y) such Indebtedness has been incurred under clause (v) or
(vi) hereof, such Indebtedness shall be expressly subordinate to the payment in full in cash of the Obligations on terms satisfactory to the Administrative Agent; provided further that the creditor in respect of any such unsecured
Indebtedness must be permitted to make an Investment in the relevant debtor in the amount of such Indebtedness under Section 7.04; 

(f)    Indebtedness arising under any Swap Contract which are not prohibited under
Section 7.13; 
 (g)    Indebtedness with respect to surety, appeal and
performance bonds and Performance Letters of Credit (under and as defined in each of the Existing 2013 Revolving Credit Agreement and the Existing 2015 Revolving Credit Agreement) obtained by the Company or any of its Subsidiaries in the ordinary
course of business and which support only the business activities of the Company and its Subsidiaries and not those of any other Person (other than in favor of joint ventures otherwise permitted hereunder and the purchaser and its affiliates in
connection with Project Jazz); 

  
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 (h)    Indebtedness evidenced by letters of credit, bank
guarantees or other similar instruments in an aggregate face amount not to exceed at any time $150,000,000 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; 

(i)    (i) Permitted Existing Indebtedness and (ii) other Indebtedness, in addition to that referred
to elsewhere in this Section 7.01, incurred by the Company or any of its Subsidiaries, provided that no Default or Event of 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 under this clause (i)(ii) shall not at any time exceed $25,000,000; 

(j)    Indebtedness of The Shaw Group Inc. or any of its Subsidiaries existing on the Closing Date and
permitted under the Transaction Agreement; 
 (k)    Indebtedness of the Borrower and any Subsidiary
Guarantor in respect of (i) the Existing 2013 Revolving Credit Agreement) and (ii) the Existing 2015 Revolving Credit Agreement (and any Permitted Refinancing in each case 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; 

(l)    Indebtedness of any Subsidiary Guarantor in respect of the NPA Notes, 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 

(m)    Unsecured Indebtedness incurred by the Borrower or any Subsidiary Guarantor and owing to a joint
venture in which the Borrower or any Subsidiary Guarantor owns any interest in an aggregate outstanding amount not to exceed $750,000,000 at any time; 

provided, that the aggregate outstanding Indebtedness of the Company and its Subsidiaries incurred under Sections 7.01(ii)(a),
7.01(ii)(i), (ii)(j), (ii)(k) and (ii)(l) shall not at any time exceed an amount equal to (x) from the Amendment No. 5 Closing Date through the date of the Technology Disposition, $3,000,000,000 and
(y) thereafter, $2,900,000,000 less, in each case, the aggregate amount of all scheduled repayments and mandatory prepayments of such Indebtedness (but, in respect of any mandatory prepayments under the Existing 2013 Revolving Credit Agreement
and the Existing 2015 Revolving Credit Agreement, only to the extent the Commitments (as defined under each such agreement, respectively) have been reduced by such prepayment) made after the Amendment No. 5 Closing Date up to the date of
determination (the “Maximum Funded Debt Cap”). 
 7.02    Sales of Assets. Neither the
Company nor any of its Subsidiaries shall consummate any Asset Sale, except: 
 (a)    sales of inventory in the
ordinary course of business; 

  
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 (b)    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; 

(c)    (i) Dispositions of assets from a Collateral Loan Party to any other Collateral Loan Party, (ii) Dispositions
of assets from a Non-Collateral Loan Party to a Collateral Loan Party, (iii) Dispositions of assets from a Non-Loan Party to the Company or any of its Subsidiaries,
(iv) Dispositions of assets from a Collateral Loan Party to a Non-Collateral Loan Party made in the ordinary course of business and upon fair and reasonable terms no less favorable to such Collateral Loan
Party than would be obtainable in a comparable arm’s length transaction with a Person that is neither the Company nor one of its Subsidiaries, and (v) Dispositions of assets in the ordinary course of business from a Loan Party to a
Subsidiary of the Company that is not a Loan Party and not otherwise prohibited by this Agreement in an aggregate amount not to exceed $25,000,000 from and after the Amendment No. 3 Closing Date; 

(d)    the Permitted Sale and Leaseback Transactions; 

(e)    Dispositions in connection with Project Bluefin; 

(f)    other leases, sales or other Dispositions of assets not otherwise permitted by this
Section 7.02 if (i) such transaction is for consideration consisting only of cash, (ii) such transaction is for not less than fair market value (as determined in good faith by the Company’s board of
directors), and (iii) the prior written consent of the Administrative Agent to such Disposition has been obtained; and 

(g)    Dispositions in connection with Project Jazz; provided, however, that all of the cash proceeds
received from the divestiture in connection with Project Jazz shall be promptly (but in any event within 30 days upon such receipt of proceeds), and on a pro rata basis based on outstanding balances as of the last day of the fiscal quarter
immediately preceding the consummation of Project Jazz, used to prepay (1) syndicated term loans, Committed Loans (as defined therein) under either or both of the Existing 2013 Revolving Credit Agreement and Existing 2015 Revolving Credit
Agreement and/or outstanding amounts owing under any bilateral revolving credit facility (collectively, “Bank Debt”), on the one hand, and (2) certain outstanding amounts owing under the NPA Notes, on the other hand, in each
case, as determined by the Company and reasonably satisfactory to the Administrative Agent, it being agreed and understood that (i) any portion of such proceeds to be applied to the NPA Notes may be first applied to Bank Debt consisting of
revolving loans and, subject to the terms of such revolving loans, reborrowed for purposes of prepaying the NPA Notes in accordance with their terms, and (ii) any portion of such proceeds offered to, but declined by, the holders of the NPA
Notes may be used to prepay Bank Debt, as determined by the Company. 
 7.03    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: 

(a)    Liens, if any, created by the Loan Documents or otherwise securing the Obligations; 

(b)    Customary Permitted Liens; 

  
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 (c)    other Liens not otherwise permitted by this
Section 7.03, including Permitted Existing Liens, securing Indebtedness of the Company’s Subsidiaries as permitted pursuant to Section 7.01 and in an aggregate outstanding amount not to exceed
two and one-half percent (2  1⁄2 %) of consolidated tangible assets of the Company and its Subsidiaries at any time;

 (d)    Liens on the assets of The Shaw Group Inc. and its Subsidiaries, existing on the 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; 

(e)    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); 
 (f)    Liens on
pledged cash of the Company and its Subsidiaries required for notional cash pooling arrangements in the ordinary course of business; and 

(g)    Liens on Collateral securing up to $500,000,000 of the face amount (as determined in accordance with
Section 1.09 of the Existing 2013 Revolving Credit Agreement in effect as of the Amendment No. 4 Closing Date) of performance and financial letters of credit issued by Lenders outside of the Existing 2013 Revolving
Credit Agreement and the Existing 2015 Revolving Credit Agreement to the extent such Liens (i) arise under the Loan Documents or loan documents executed in connection with the Existing 2013 Revolving Credit Agreement or the Existing 2015
Revolving Credit Agreement, as applicable, and (ii) are subject to the Intercreditor Agreement. 
 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. 

7.04    Investments. Except to the extent permitted pursuant to Section 7.06,
neither the Company nor any of its Subsidiaries shall directly or indirectly make or own any Investment except: 

(a)    Investments in cash and Cash Equivalents; 

(b)    Permitted Existing Investments in an amount not greater than the amount thereof on the Closing Date; 

(c)    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; 

  
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 (d)    Investments consisting of deposit accounts maintained by the Company
and its Subsidiaries; 
 (e)    Investments consisting of non-cash consideration
from a sale, assignment, transfer, lease, conveyance or other disposition of property permitted by Section 7.02; 

(f)    Investments (i) in any consolidated Subsidiaries outstanding on the Amendment No. 3 Closing Date, and
(ii) after the Amendment No. 3 Closing Date, additional Investments (A) by Collateral Loan Parties in other Collateral Loan Parties, (B) by Non-Collateral Loan Parties in Loan Parties,
(C) by Non-Loan Parties in the Company or any of its Subsidiaries, (D) by Collateral Loan Parties in Non-Collateral Loan Parties, provided that any such
Investment is made in the ordinary course of business, and if taking the form of Indebtedness in a principal amount of $1,000,000 or greater, such Investment shall be evidenced by a promissory note that is delivered as additional Collateral in favor
of the Collateral Agent, and (E) by the Loan Parties in consolidated Subsidiaries that are not Loan Parties in an aggregate amount invested not to exceed $15,000,000; provided in each case that the recipient of any such Investment taking
the form of Indebtedness is permitted to incur such Indebtedness under Section 7.01; 

(g)    (i) Permitted Existing J/V Investments and (ii) other Investments in joint ventures (other than Subsidiaries)
and nonconsolidated Subsidiaries in an aggregate amount not to exceed $25,000,000 at any time after the Amendment No. 5 Closing Date; 

(h)    Investments constituting Indebtedness permitted by Section 7.01 or Contingent Obligations
permitted by Section 7.05; 
 (i)    Investments in addition to those referred to elsewhere in
this Section 7.04 in an aggregate amount not to exceed $15,000,000 at any time; provided that any such Investments incurred after the Amendment No. 3 Closing Date shall only be permitted to the extent that (i) on
the date of such Investment the Leverage Ratio is less than 3.00 to 1.00 (the Leverage Ratio as evidenced to the Administrative Agent and such evidence reasonably satisfactory to the Administrative Agent) and (ii) no Default or Event of Default
shall have occurred and be continuing or would result therefrom; and 
 (j)    Investments of The Shaw Group Inc. and
its Subsidiaries on the Closing Date and permitted under the Transaction Agreement. 
 7.05    Contingent
Obligations. Neither the Company nor any of its Subsidiaries shall directly or indirectly create or become or be liable with respect to any Contingent Obligation, except: (a) recourse obligations resulting from endorsement of negotiable
instruments for collection in the ordinary course of business; (b) Permitted Existing Contingent Obligations; (c) Contingent Obligations incurred to support the performance of bids, tenders, sales or contracts (other than for the repayment
of borrowed money), or 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 7.01), in
each case related to the ordinary course business activities of the Company and its Subsidiaries and not those of any other Person or, solely to the extent of its relative ownership interest therein, any Person (other than a wholly

  
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owned Subsidiary of the Company) in which the Company or any of its Subsidiaries have a joint interest or other ownership interest, in each case in the ordinary course of business; provided that
any such joint venture or other ownership interest is permitted under Section 7.04(g)(i) or established pursuant to Section 7.04(g)(ii); (d) Contingent Obligations of the Subsidiary Guarantors under the Subsidiary Guaranty and the
Company under this Agreement; and (e) Contingent Obligations in respect of the Transaction Facilities and Contingent Obligations of The Shaw Group Inc. and its Subsidiaries existing on the Closing Date and permitted under the Transaction
Agreement. 
 7.06    Conduct of Business; Subsidiaries; Acquisitions. 

(a)    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 Amendment No. 5 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 Amendment No. 5 Closing Date unless (w) no Default or Event of Default shall have occurred and be continuing or would result therefrom; (x) such Subsidiary concurrently becomes a Subsidiary
Guarantor; (y) 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 (z) after such creation, acquisition or capitalization the Company and such Subsidiary shall be in compliance with the terms of Section 6.13
and Section 7.16. 
 (b)    From the Amendment No. 5 Closing Date, neither the Company
nor its Subsidiaries shall make any Acquisitions unless otherwise approved by the Required Lenders in advance in writing. 

7.07    Transactions with Shareholders and Affiliates. Other than transactions otherwise permitted by
Section 7.04, 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 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. 

7.08    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 (a) Fundamental Changes permitted under
Sections 7.02, 7.04 and 7.07, (b) 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 

  
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merged entity not less than the percentage it owned of the Subsidiary prior to such Fundamental Change and if the predecessor Subsidiary was (i) a
Non-Collateral Loan Party, the surviving Subsidiary shall be a Loan Party hereunder or (ii) a Collateral Loan Party, the surviving Subsidiary shall be a Collateral Loan Party hereunder, (c) any
liquidation of any Subsidiary of the Company; provided the holder of its Equity Interests, to whom its assets upon liquidation are distributed, is the Company or another Subsidiary of the Company, as applicable, (d) any Material
Subsidiary may dissolve, liquidate or wind-up its affairs at any time if such dissolution, liquidation or winding up is not disadvantageous to the Administrative Agent or any Lender in any material respect (as
determined by the Administrative Agent and notified to the Company) and (e) any Subsidiary that is not a Material Subsidiary may dissolve, liquidate or wind-up its affairs at any time. 

7.09    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
Closing Date and permitted under the Transaction Agreement), unless the sale involved is not prohibited under Section 7.02, the lease involved is not prohibited under Section 7.01 and any related
Investment is not prohibited under Section 7.04. 
 7.10    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. 

7.11    ERISA. The Company shall not: 

(a)    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; 
 (b)    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; 

(c)    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 
 (d)    permit
any unfunded liabilities with respect to any Foreign Pension Plan; 
 except, in each case, as set forth on Schedule 5.09 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 $25,000,000. 

7.12    Subsidiary Covenants. Except as set forth on Schedule 7.12, and except for
any (a) encumbrance or restriction binding upon The Shaw Group Inc. and its Subsidiaries existing on the Closing Date and permitted under the Transaction Agreement, (b) encumbrance or 

  
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restriction contained in any of the Transaction Facilities (or any amendments or Permitted Refinancings thereof, provided that such amendments or refinancings are no more materially restrictive
with respect to such encumbrances and restrictions than those prior to such amendment or refinancing), (c) customary provisions restricting subletting, assignment of any lease or assignment of any agreement entered into in the ordinary course
of business, (d) customary restrictions and conditions contained in any agreement relating to a sale or disposition not prohibited by Section 7.02, or (e) any agreement in effect at the time a Subsidiary becomes a
Subsidiary, so long as it was not entered into in connection with or in contemplation of such Person becoming a Subsidiary, 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. 
 7.13    Swap Contracts. The
Company shall not and shall not permit any of its Subsidiaries to enter into any Swap Contracts, other than Swap Contracts 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. 

7.14    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 

7.15    Non-Guarantor Subsidiaries. The Company will not at any time
permit the sum of the consolidated 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 twelve and a half percent (12.5%) of the Company’s and its Subsidiaries consolidated assets. For the avoidance of doubt, Excluded Joint Ventures shall be
disregarded for purposes of this Section 7.15. 
 7.16    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 (b) such Indebtedness shall be expressly subordinate to the payment in full in cash of the Obligations on terms satisfactory to the Administrative Agent. 

7.17    Restricted Payments. The Company shall not, nor shall it permit any Subsidiary to, declare, make or
pay any Restricted Payments, other than (a) permitted Restricted Payments listed on Schedule 7.17, (b) payments and prepayments of debt permitted by Section 7.01(ii)(j), (c) payments and
prepayments of the Transaction Facilities (as in effect on the Amendment No. 5 Closing Date); provided that (i) any voluntary prepayment under this Agreement, any Note 

  
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Purchase Agreement or, to the extent such prepayment results in a commitment reduction, the Existing 2013 Revolving Credit Agreement or the Existing 2015 Revolving Credit Agreement, shall be made
together with voluntary prepayments of the other Transaction Facilities, on a pro rata basis by reference to the outstanding principal balances thereunder and (ii) provided that the Company and its Subsidiaries shall not pay any make
whole amount to the Noteholders in connection with any prepayment of the NPA Notes upon the consummation of the Technology Disposition except in accordance with Section 6.19(b), and (d) payments of dividends by any
Subsidiary to Loan Parties ratably with respect to the Equity Interests held by such Loan Parties. Notwithstanding the foregoing, neither the Company nor its Subsidiaries shall make any share repurchases; provided that for the avoidance of
doubt any share repurchases or other Restricted Payments required to pay withholding tax liabilities of employees pursuant to the Company’s “Chicago Bridge & Iron 2008 Long-Term Incentive Plan, as Amended” in effect as of the
Amendment No. 5 Closing Date shall be expressly permitted. 
 7.18    Financial Covenants. 

(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 (but excluding any Indebtedness permitted under Section 7.01(ii)(m)) to (ii) EBITDA for the most
recently-ended period of four-fiscal quarters for which financial statements were required to be delivered, beginning with such period ending March 31, 2018, to be greater than 1.75 to 1.00. 

The Leverage Ratio shall be calculated as of the last day of each fiscal quarter commencing with the fiscal quarter ending March 31, 2018 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. 

(b)    Minimum Fixed Charge Coverage Ratio. The Company and its consolidated Subsidiaries shall maintain a ratio,
without duplication, of Consolidated Net Income Available for Fixed Charges to Consolidated Fixed Charges of at least 2.25 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 fiscal quarter ended as of March 31, 2018 through the Maturity Date. 

(c)    Minimum Availability. At all times, the aggregate unused commitments of the lenders under the Existing 2013
Revolving Credit Agreement and the Existing 2015 Revolving Credit Agreement shall be no less than (i) $150,000,000 from the Amendment No. 5 Closing Date through the earlier of (x) the date of the Technology Disposition and
(y) February 28, 2018, and (ii) $250,000,000 thereafter. 

  
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 (d)    Minimum EBITDA. The Company shall not permit EBITDA, as of the last
day of any fiscal quarter for the four-fiscal quarter period ending on such day, to be less than the amount set forth below opposite such fiscal quarter: 
  

					
	 Four Fiscal Quarters Ending
	  	Minimum EBITDA	 
	 September 30, 2017
	  	$	500,000,000	 
	 December 31, 2017
	  	$	550,000,000	 
	 March 31, 2018
	  	$	500,000,000	 
	 June 30, 2018
	  	$	450,000,000	 
	 September 30, 2018
	  	$	450,000,000	 
	 December 31, 2018 and each fiscal quarter thereafter
	  	$	425,000,000	 

 7.19    Sanctions. The Borrower shall not, directly or, to its knowledge,
indirectly, use the proceeds of any Borrowing, or lend, contribute or otherwise make available such proceeds to the Company, any Subsidiary, joint venture partner or other individual or entity, to fund any activities of or business with any
individual or entity, or in any Designated Jurisdiction, that, at the time of such funding, is the subject of Sanctions, or in any other manner that will result in a violation by an individual or entity (including any individual or entity
participating in the transaction, whether as Lender, Arranger, Administrative Agent or otherwise) of Sanctions. 

7.20    Anti-Corruption Laws. The Borrower shall not, directly or, to its knowledge, indirectly, use
the proceeds of any Borrowing for any purpose which would breach the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other similar anti-corruption legislation in other jurisdictions. 

ARTICLE VIII 
 EVENTS OF
DEFAULT AND REMEDIES 
 8.01    Events of Default. Each of the following occurrences shall constitute
an Event of Default under this Agreement: 
 (a)    Failure to Make Payments When Due. The Company or the
Borrower shall (i) fail to pay when due any of the Obligations consisting of principal with respect to the Loans 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 6.01, 6.02(a), 6.03, 6.08, 6.12, 6.13, 6.19(iii), 6.19(iv), 6.19(vi) or 6.21,
Article VII or Section 3(a) or 6 of Amendment No. 5. 
 (c)    Breach of Representation or
Warranty. Any representation or warranty made or deemed made by the Company or the Borrower to the Administrative Agent or any Lender herein or by the Company or the Borrower or any of the Company’s 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). 

  
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 (d)    Other Defaults. The Company or the Borrower shall default in
the performance of or compliance with any term contained in this Agreement (other than as covered by subsections (a), (b) or (c) of this Section 8.01), or the Company or the Borrower or any of
the Company’s 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. (i) The Company or any Subsidiary thereof (A) fails to make any
payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder and Indebtedness under Swap Contracts) having an aggregate
principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount (such Indebtedness being “Material
Indebtedness”), or (B) fails to observe or perform any other agreement or condition relating to any such Indebtedness or Guarantee or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event
occurs, the effect of which default or other event is to cause, or to permit the holder or holders of such Material Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a trustee or agent on behalf of such holder or holders or
beneficiary or beneficiaries) to cause, with the giving of notice if required, such Material Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase,
prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or such Guarantee to become payable or cash collateral in respect thereof to be demanded; provided that, for the avoidance of doubt, no Event of Default
shall occur under this clause (e)(i) with respect to any bilateral letter of credit facilities unless the aggregate unpaid and/or unreimbursed amount thereunder exceeds $50,000,000; or (ii) there occurs under any Swap Contract an Early
Termination Date (as defined in such Swap Contract) resulting from (A) any event of default under such Swap Contract as to which a Loan Party or any Subsidiary thereof is the Defaulting Party (as defined in such Swap Contract) or (B) any
Termination Event (as so defined) under such Swap Contract as to which a Loan Party or any Subsidiary thereof is an Affected Party (as so defined) and, in either event, the Swap Termination Value owed by such Loan Party or such Subsidiary as a
result thereof is greater than the Threshold Amount. 
 (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

  
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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) generally not pay, or admit in writing its inability to pay, its debts when they become due, (ii) 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 (as defined in the Transaction Agreement) (to the extent bankruptcy has been initiated by The Shaw Group prior to the Closing Date), (iii) 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, (iv) consent to the appointment of or taking possession by a receiver, trustee or other custodian for
all or a substantial part of its property, (v) make any assignment for the benefit of creditors or (vi) take any corporate action to authorize any of the foregoing. 

(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 the Threshold Amount (to the extent not covered by independent third party insurance as to which the
insurer has been notified and 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. 
 (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)    Invalidity of Loan Documents. Until the
Facility Termination Date: (i) any Loan Document at any time after its execution and delivery and for any reason other than the agreement of all the Lenders, as permitted hereunder or thereunder, ceases to be in full force and effect, or is
declared by a court of competent jurisdiction to be null and void, invalid or unenforceable in any respect; (ii) any Loan Party denies that it has any or further liability or obligation under any Loan Document, or purports to revoke, terminate
or rescind any Loan Document in writing; (iii) any Loan Document ceases to secure or guaranty the Obligations in respect of the Secured Bank Creditors at any time in the same manner as amounts owing to the Noteholders are secured or guaranteed;
or (iv) at any time, any Security Instrument after delivery thereof shall for any reason (other than pursuant to the terms thereof or solely as a direct result of the action or inaction of the Collateral Agent, Administrative Agent or any
Lender) ceases to create a valid and perfected first priority Lien (subject to Liens permitted by Section 7.03 or any other Loan Document) on the Collateral (other than immaterial Collateral) purported to be covered
thereby. 

  
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 (k)    Termination Event. Any Termination Event occurs which the
Required Lenders believe is reasonably likely to subject the Company to liability in excess of the Threshold Amount, except as set forth on Schedule 5.09. 

(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 the Threshold Amount. 
 (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 the Threshold Amount (to the extent not covered by independent third party
insurance as to which the insurer does not dispute coverage). 
 (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. 
 An
Event of Default shall be deemed “continuing” until cured or until waived in writing in accordance with Section 8.02. 

8.02    Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the
Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: 

(a)    declare the obligation of each Lender to make Loans to be terminated, whereupon such obligations shall be
terminated; 
 (b)    declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid
thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower;

 (c)    exercise on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the
Loan Documents; and 

  
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 (d)    direct the Collateral Agent in accordance with the Intercreditor
Agreement to exercise on behalf of the Secured Bank Creditors all rights and remedies available to the Secured Bank Creditors under the Security Instruments; 

provided, however, that upon the occurrence of an actual or deemed entry of an order for relief with respect to the Company or any of its
Subsidiaries under the Bankruptcy Code of the United States, the obligation of each Lender to make Loans shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall
automatically become due and payable, in each case without further act of the Administrative Agent or any Lender. 

8.03    Application of Funds. After the exercise of remedies provided for in
Section 8.02 (or after the Loans have automatically become immediately due and payable as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall,
subject to the provisions of Section 2.13 and the terms of the Intercreditor Agreement then in effect, 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 III) payable to the Administrative Agent and the Collateral Agent in their capacities as such; 

Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest,
and amounts payable in respect of Secured Hedge Agreements, Secured Cash Management Agreements and Secured Bilateral Letters of Credit) payable to the Lenders (including fees, charges and disbursements of counsel to the respective Lenders pursuant
to Section 10.04 or otherwise and amounts payable under Article III), 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 interest on the Loans and other Obligations,
ratably among the Lenders in proportion to the respective amounts described in this clause Third payable to them; 
 Fourth,
to payment of (a) that portion of the Obligations constituting unpaid principal of the Loans, (b) Obligations then owing under Secured Hedge Agreements and Secured Cash Management Agreements, and (c) Obligations then owing under
Secured Bilateral Letters of Credit, ratably among the Lenders, the Hedge Banks, the Cash Management Banks, and the LOC Banks in proportion to the respective amounts described in this clause Fourth held by them; and 

Last, the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Borrower or as otherwise required
by Law; 
 provided that Excluded Swap Obligations with respect to any Loan Party shall not be paid with amounts received from such Loan Party or its
assets, but appropriate adjustments shall be made with respect to payments from other Loan Parties to preserve the allocation to Obligations otherwise set forth above in this Section. 

  
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 Notwithstanding the foregoing, Obligations arising under Secured Cash Management Agreements,
Secured Hedge Agreements and Secured Bilateral Letters of Credit shall be excluded from the application described above if the Administrative Agent has not received written notice thereof, together with such supporting documentation as the
Administrative Agent may request, from the applicable Cash Management Bank, Hedge Bank, or LOC Bank, as the case may be. Each Cash Management Bank, Hedge Bank, or LOC Bank not a party to this Agreement that has given the notice contemplated by the
preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of Article IX for itself and its Affiliates as if a “Lender” party hereto. 

ARTICLE IX 

ADMINISTRATIVE AGENT 

9.01    Appointment and Authority. 

(a)    Each of the Lenders hereby irrevocably appoints Bank of America 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 and the Lenders, and neither the 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 9.06 with respect to appointing a successor Administrative Agent as described in such Section. 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 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. 

(b)    The Administrative Agent, each of the Lenders (including in its capacities as a potential Cash Management Bank, a
potential Hedge Bank, and a potential LOC Bank) hereby irrevocably appoints and authorizes Bank of America to act as the collateral agent (in such capacity, the “Collateral Agent”) under the Loan Documents for purposes of acquiring,
holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent and
any co-agents, sub-agents and attorneys-in-fact appointed by the Collateral Agent for
purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Instruments, or for exercising any rights and remedies thereunder at the direction of the Collateral Agent, shall be entitled to the
benefits of all provisions of this Article IX and Article X (including Section 10.04(c), as though such co-agents, sub-agents and
attorneys-in-fact were the Collateral Agent under the Loan Documents) as if set forth in full herein with respect thereto. 

9.02    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 

  
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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 the 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. 

9.03    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: 

(a)    shall not be subject to any fiduciary or other implied duties, regardless of whether a 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 the Borrower or 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 10.01 and 8.02)
or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment. The Administrative Agent shall be deemed not to have knowledge of any Default
unless and until notice describing such Default is given in writing to the Administrative Agent by the Borrower or a Lender. 
 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, (iv) the validity, enforceability, 

  
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effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created
by the Security Instruments, (v) the value or the sufficiency of any Collateral, or (vi) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be
delivered to the Administrative Agent. 
 9.04    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 or other distribution) believed by it to be 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 that by its terms must be fulfilled to the satisfaction of a Lender, the
Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such Loan. The Administrative Agent may consult
with legal counsel (who may be counsel for the 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. 
 9.05    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. 
 9.06    Resignation of Administrative Agent. 

(a)    The Administrative Agent may at any time give notice of its resignation to the Lenders 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 thirty (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, appoint a successor Administrative
Agent meeting the qualifications set forth above. Notwithstanding anything herein to the contrary, (i) so long as no Event of Default has occurred and is continuing, each such successor 

  
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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. 
 (b)    If
the Person serving as Administrative Agent is a Defaulting Lender pursuant to clause (d) of the definition thereof, the Required Lenders may, to the extent permitted by applicable law, by notice in writing to the Company and such Person
remove such Person as Administrative Agent and appoint a successor; provided that, so long as no Event of 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. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days (or such earlier day as shall be agreed by the
Required Lenders) (the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date. 

(c)    With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (1) the retiring
or removed 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 or removed 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 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 (or removed) Administrative Agent (other than as provided in Section 3.01(g) and other than any rights to indemnity payments or other amounts owed to the retiring or removed Administrative Agent as of the
Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed 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 Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor.
After the retiring or removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Article and Section 10.04 shall continue in effect for the benefit of
such retiring or removed 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 or removed Administrative Agent was acting as Administrative
Agent. 
 9.07    Non-Reliance on Administrative Agent and Other
Lenders. Each Lender 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 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 thereunder. 

  
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 9.08    No Other Duties, Etc. Anything herein to the contrary
notwithstanding, none of the Bookrunners, Arrangers or other 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 or a Lender hereunder. 
 9.09    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 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 the 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 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 and the Administrative Agent (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent under Sections 2.07 and 10.04) 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 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, 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 2.07 and
10.04. 
 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 any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such
proceeding. 
 9.10    Collateral and Guaranty Matters. 

(a)    Guaranty Matters. Without limiting the provisions of Section 9.09, each of the
Lenders (including in its capacities as a potential Cash Management Bank, a potential Hedge Bank, and a potential LOC Bank) 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 

  
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obligations under the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at
the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release of such Guarantor from its obligations under the Guaranty, in each case in accordance with
the terms of the Loan Documents and this Section 9.10. 
 (b)    Collateral Matters.

 (i)    Each of the Lenders (including in its capacities as a potential Cash Management Bank, a
potential Hedge Bank and a potential LOC Bank) hereby (A) consents to the terms of the Intercreditor Agreement, (B) authorizes the Administrative Agent to enter into the Intercreditor Agreement on behalf of the Secured Bank Creditors, and
(C) authorizes the Collateral Agent to enter into the Intercreditor Agreement on behalf of the Secured Creditors. 

(ii)    Without limiting the provisions of Section 9.09, the Administrative
Agent, each of the Lenders (including in its capacities as a potential Cash Management Bank, a potential Hedge Bank and a potential LOC Bank) irrevocably authorize the Collateral Agent, at its option and in its discretion: 

(A)    to release any Pledged Interest and any Lien on any property granted to or held by the Collateral
Agent under any Loan Document (i) upon the occurrence of the Facility Termination Date subject to the Intercreditor Agreement, (ii) that is sold or to be sold or otherwise disposed of as part of or in connection with any sale or
disposition permitted hereunder or under any other Loan Document, or (iii) subject to Section 10.01, if approved, authorized or ratified in writing by the Required Lenders subject to the Intercreditor Agreement; and

 (B)    to acknowledge in writing, in form and substance satisfactory to the Collateral Agent, the
priority of any Lien granted under any indemnity agreement or surety agreement in favor of a surety providing a bond to the Company and/or its Subsidiaries as permitted by clause (c) of the definition of “Customary Permitted
Lien”. 
 Upon request by the Collateral Agent at any time, the Required Lenders will confirm in writing the Collateral Agent’s
authority to release or subordinate its interest in particular types or items of property pursuant to this Section 9.10. 

The Collateral Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the
existence, value or collectability of the Collateral, the existence, priority or perfection of the Collateral Agent’s Lien thereon, or any certificate prepared by any Loan Party in connection therewith, nor shall the Collateral Agent be
responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral. 

9.11    Secured Cash Management Agreements, Secured Hedge Agreements, and Secured Bilateral Letters of
Credit. Except as otherwise expressly set forth herein, no Cash 

  
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Management Bank, Hedge Bank, or LOC Bank that obtains the benefits of Section 8.03, the Guaranty or any Collateral by virtue of the provisions hereof or of the Guaranty
or any Collateral Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any
Collateral or to notice of or consent to any amendment, waiver or modification of the provisions hereof) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other
provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Secured Cash Management
Agreements, Secured Hedge Agreements and Secured Bilateral Letters of Credit unless the Administrative Agent has received written notice of such Obligations, together with such supporting documentation as the Administrative Agent may request, from
the applicable Cash Management Bank, Hedge Bank or LOC Bank, as the case may be. The Collateral Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Cash Management
Agreements, Secured Hedge Agreements and Secured Bilateral Letters of Credit in the case of a termination pursuant to Section 11.06. 

ARTICLE X 
 MISCELLANEOUS

 10.01    Amendments, Etc. Subject to the Intercreditor Agreement, unless otherwise expressly
provided, no amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent to any departure by the Company or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and
the Company 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)    waive any condition set
forth in Section 4.01(a) without the written consent of each Lender subject to the last paragraph of such Section; 

(b)    extend or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to
Section 8.02) without the written consent of such Lender; 
 (c)    postpone any date fixed by
this Agreement or any other Loan Document for any payment of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under any other Loan Document without the written consent of each Lender directly affected
thereby (except with respect to 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); 

(d)    reduce the principal of, or the rate of interest specified herein on, any Loan, or (subject to clause
(ii) of the second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document without the written consent of each Lender directly affected thereby; provided,
however, that only the consent of the Required 

  
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Lenders shall be necessary to (i) amend the definition of “Default Rate” or to waive any obligation of the Borrower to pay interest at the Default Rate or (ii) amend any
financial covenant hereunder (or any defined term used therein) even if the effect of such amendment would be to reduce the rate of interest on any Loan or to reduce any fee payable hereunder; 

(e)    change Section 8.03 in a manner that would alter the pro rata sharing of payments
required thereby without the written consent of each Lender; 
 (f)    change any provision of this Section or the
definition of “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder
without the written consent of each Lender; 
 (g)    release any Guarantor from its respective Guaranty or release all
or substantially all of the value of any Guaranty without the written consent of each Lender, except to the extent the release of any Subsidiary Guarantor is permitted pursuant to Section 9.10 (in which case such release
may be made by the Administrative Agent acting alone); or 
 (h)    release all or substantially all of the Collateral
in any transaction or series of related transactions without the written consent of each Lender, except to the extent the release of any Collateral is permitted pursuant to Section 9.10 (in which case such release may be
made by the Collateral Agent acting alone); 
 and, provided, further, that (i) no amendment, waiver or consent shall, unless in writing
and signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; and (ii) the Fee Letter may be amended, or rights
or privileges thereunder waived, in a writing executed only by the parties thereto. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and
any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (x) the Commitment of any
Defaulting Lender may not be increased or extended without the consent of such Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender
disproportionately adversely relative to other affected Lenders shall require the consent of such Defaulting Lender. Further, notwithstanding anything to the contrary, any Loan Document (including any Schedule or Exhibit thereto) may be updated,
waived, amended, supplemented or modified pursuant to an agreement or agreements in writing entered into by the Company and the Collateral Agent or the Administrative Agent, as applicable (without the consent of any Lender or Secured Creditor), to
correct an immaterial defect or error or outdated information or to grant a new Lien for the benefit of the Secured Creditors or extend an existing Lien over additional property. 

Notwithstanding any provision herein to the contrary the Administrative Agent, the Company and the Borrower may amend, modify or supplement
this Agreement or any other Loan Document to cure or correct administrative errors or omissions, any ambiguity, omission, defect or inconsistency or to effect administrative changes, and such amendment shall become

  
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effective without any further consent of any other party to such Loan Document so long as (i) such amendment, modification or supplement does not adversely affect the rights of any Lender or
other holder of Obligations in any material respect and (ii) the Lenders shall have received at least two Business Days’ prior written notice thereof and the Administrative Agent shall not have received, within two Business Days of the
date of such notice to the Lenders, a written notice from the Required Lenders stating that the Required Lenders object to such amendment, modification or supplement. 

10.02    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, or the Collateral Agent, to the
address, facsimile number, electronic mail address or telephone number specified for such Person on Schedule 10.02; and 

(ii)    if to any other Lender, to the address, facsimile number, electronic mail address or telephone
number specified in its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire then in effect for the delivery of notices that may contain material non-public information relating to the Company). 
 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 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 pursuant to Article II if such Lender has notified the Administrative Agent that it is incapable of receiving notices
under such Article by electronic communication. The Administrative Agent or the Company 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 

  
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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. 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 the Borrower, any Lender or any other Person
for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Company’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 Borrower and the Administrative Agent 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 and the Administrative Agent. 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 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 the Company or its securities for purposes of United States Federal or state securities laws. 

(e)    Reliance by Administrative Agent and Lenders. The Administrative Agent and the Lenders shall be entitled to
rely and act upon any notices (including telephonic or electronic Borrowing/Election Notices) purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not
preceded or 

  
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followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Company shall indemnify the
Administrative Agent, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower. All telephonic
notices to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 

10.03    No Waiver; Cumulative Remedies; Enforcement. No failure by any Lender 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 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. 
 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 8.02 for the benefit of all the Lenders; 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 Lender from exercising setoff rights in accordance with Section 10.08 (subject to the terms of Section 2.11), or (c) 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 8.02 and (ii) in addition to the matters set forth in clauses
(b) and (c) of the preceding proviso and subject to Section 2.11, 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. 
 10.04    Expenses; Indemnity; Damage Waiver. 

(a)    Costs and Expenses. The Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent and the
Arrangers, taken as a whole, and of such local and special counsel as reasonably required), in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this
Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) and (ii) all out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent or any Lender (including the fees, charges and disbursements of any counsel for the
Administrative 

  
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Agent, the Collateral Agent or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its
rights under this Section. 
 (b)    Indemnification by the Borrower. The Borrower shall indemnify the
Administrative Agent (and any sub-agent thereof) and each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each
Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any
Person (including the Company or any other Loan Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any
agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the
Administrative Agent and the Collateral Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents (including in respect of any matters
addressed in Section 3.01), (ii) any Loan or the use or proposed use of the proceeds therefrom, (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by
the Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the
foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Company or any other Loan Party, and regardless of whether any Indemnitee is a party thereto, IN ALL CASES, WHETHER OR NOT CAUSED BY OR
ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY OR SOLE NEGLIGENCE OF THE INDEMNITEE; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities
or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (y) result from a claim brought by the
Company or any other Loan Party against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Company or such Loan Party has obtained a final and nonappealable judgment in its
favor on such claim as determined by a court of competent jurisdiction. Without limiting the provisions of Section 3.01(c), this Section 10.04(b) shall not apply with respect to Taxes other than
any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. 

(c)    Reimbursement by Lenders. To the extent that the Borrower for any reason fail 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 or Related Party thereof), each Lender severally agrees to pay to the
Administrative Agent (or any such sub-agent or Related Party) such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought based on each
Lender’s share of the Total Outstandings at such time) 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 Lender’s Applicable
Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought), provided, further, that the unreimbursed expense or indemnified 

  
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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
or Related Party acting for the Administrative Agent (or any such sub-agent) in connection with such capacity). The obligations of the Lenders under this subsection (c) are subject to the
provisions of Section 2.10(d). 
 (d)    Waiver of Consequential Damages, Etc. To the
fullest extent permitted by applicable law, no party hereto shall assert, and each party hereby waives, and acknowledges that no other Person shall have, any claim against 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 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)    Payments. All amounts due under this Section shall be payable not later than ten (10) Business Days
after demand therefor. 
 (f)    Survival. The agreements in this Section and the indemnity provisions of
Section 10.02(e) shall survive the resignation of the Administrative Agent, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other
Obligations. 
 10.05    Payments Set Aside. To the extent that any payment by or on behalf of the
Borrower is made to the Administrative Agent or any Lender, or the Administrative Agent or any Lender exercises its right of setoff, and such 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 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 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 under clause (b) of the preceding
sentence shall survive the payment in full of the Obligations and the termination of this Agreement. 

  
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 10.06    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 the Company nor any other Loan Party may assign or otherwise transfer any of its rights or obligations hereunder (except pursuant to a
transaction involving the Borrower permitted under this Agreement) 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, or (iii) by way of
pledge or assignment of a security interest subject to the restrictions of subsection (e) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). 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 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 at the time owing to it); provided that any such assignment shall be subject to the following
conditions: 
 (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; 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 Event of 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; 

  
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 (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: 

(A)    the consent of the Company (such consent not to be unreasonably withheld or delayed) shall be
required unless (1) an Event of 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; and 

(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. 

(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. 

(v)    No Assignment to Certain Persons. No such assignment shall be made (A) to the Company or
any of the Company’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 or any Lender hereunder (and interest accrued thereon) and
(y) acquire (and fund as appropriate) its full pro rata share of all Loans in accordance with its Applicable Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender
hereunder shall become effective under applicable 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. 
 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 

  
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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 3.01, 3.04, 3.05, and 10.04 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 Borrower (at its expense) shall execute and deliver a Note 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 Borrower (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 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 Borrower, 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 Borrower 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, the Borrower or the
Administrative Agent, sell participations to any Person (other than a natural Person, a Defaulting Lender or the Company or any of the Company’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 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 Borrower, the Administrative Agent, the Lenders 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 10.04(c) without regard to the existence of any
participation. 
 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 first proviso to Section 10.01 that affects such Participant. The Borrower agrees that each Participant shall be entitled to the benefits of
Sections 3.01, 3.04 and 3.05 (subject to the requirements and 

  
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limitations therein, including the requirements under Section 3.01(e) (it being understood that the documentation required under
Section 3.01(e) shall be delivered to the Lender who sells the participation)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section to
the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of Sections 3.06
and 10.13 as if it were an assignee under paragraph (b) of this Section and (B) shall not be entitled to receive any greater payment under Sections 3.01 or 3.04, 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 in Law that occurs after the Participant acquired the applicable
participation. Each Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 3.06 with respect to
any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender; provided that such Participant agrees to be subject to
Section 2.11 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 Borrower, 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 its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank
or any other central 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. 

10.07    Treatment of Certain Information; Confidentiality. Each of the Administrative Agent and the Lenders
agrees to maintain the confidentiality of the Information (as defined below), except that 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), including to any Federal Reserve Bank or central bank in connection with pledges permitted under Section 10.06(e),
(c) to the extent 

  
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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 (ii) any actual or prospective party (or its Related Parties) to
any swap, derivative or other transaction under which payments are to be made by reference to the Borrower and its obligations, this Agreement or payments hereunder, (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 or any of their respective Affiliates on a nonconfidential basis from a source other than the Company 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 or any Lender on a nonconfidential 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 and the Lenders 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. 

10.08    Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and each
of its Affiliates is hereby authorized at any time and from time to time, 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) at any time held and
other obligations at any time owing by such Lender or any such Affiliate to or for the credit or the account of the Borrower or any other Loan Party against any and all of the obligations of the Borrower or such Loan Party now or hereafter existing
under this Agreement or any other Loan Document to such Lender or its Affiliates, irrespective of whether or not such Lender or Affiliate shall have made any demand under this Agreement or any other Loan Document and although such obligations of the
Borrower or such Loan Party may be contingent or unmatured or are owed to a branch, office or Affiliate of such Lender 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 

  
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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 2.13 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 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 and its Affiliates under
this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender and its Affiliates may have. Each Lender 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. 

10.09    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 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 Borrower. 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 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. 
 10.10    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, 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. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the
Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. 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. 

10.11    Survival of Representations and Warranties. All representations and warranties made hereunder and
in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith 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 at the time of any Borrowing, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied. 

  
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 10.12    Severability. 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 10.12,
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, then such provisions shall be deemed to
be in effect only to the extent not so limited. 
 10.13    Replacement of Lenders. If a Lender (an
“Affected Lender”) shall have: (a) become a Defaulting Lender or a Non-Consenting Lender, (b) requested any payments such that the Borrower is entitled to replace such Lender
pursuant to the provisions of Section 3.06 or (c) delivered a notice pursuant to Sections 3.02 or 3.03(b) claiming that such Lender is unable to extend Eurodollar Rate Loans for reasons not generally
applicable to other Lenders, then the Borrower may, at its 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 10.06), all of its interests, rights (other than its existing rights to payments pursuant to Sections 3.01 and 3.04) 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: 

(a)    the Borrower shall have paid to the Administrative Agent the assignment fee (if any) specified in
Section 10.06(b); 
 (b)    such Lender shall have received payment of an amount equal to the
outstanding principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.05) from the assignee (to
the extent of such outstanding principal and accrued interest and fees) or the Company (in the case of all other amounts); 

(c)    in the case of any such assignment resulting from a claim for compensation under
Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; 

(d)    such assignment does not conflict with applicable Laws; 

(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)    the case of any such assignment resulting from a claim under Sections 3.02 or 3.03(b), the applicable
assignee shall not, at the time of such assignment, be subject to such Sections 3.02 or 3.03(b), as applicable. 

  
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 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 Borrower 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. 
 10.14    Governing Law; Jurisdiction; Etc.

 (a)    GOVERNING LAW. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE
OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND THE TRANSACTIONS CONTEMPLATED HEREBY
AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

(b)    SUBMISSION TO JURISDICTION. THE COMPANY AND EACH OTHER 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 OR ANY LENDER, 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 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 OR ANY LENDER
MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST THE COMPANY OR ANY OTHER LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

  
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 (c)    WAIVER OF VENUE. THE COMPANY AND EACH OTHER 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. 
 (d)    SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO
SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

10.15    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.

 10.16    No Advisory or Fiduciary Responsibility. 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), the Company and each other Loan Party acknowledges and agrees, and acknowledges its Affiliates’ understanding,
that: (a) (i) 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
Company, 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, (ii) each of the Company and the other Loan Parties has consulted its own legal,
accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (iii) the Company and each other Loan Party is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions
contemplated hereby and by the other Loan Documents; (b) (i) the Administrative Agent, the Arrangers 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 the Company, any other Loan Party or any of their respective Affiliates, or any 

  
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other Person and (ii) neither the Administrative Agent, any Arranger nor any Lender has any obligation to the Company, 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 (c) 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 Company, 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 interests to the Company, any other Loan Party or any of their respective Affiliates. To the fullest extent permitted by law, each of the Company and each other Loan Party hereby waives and releases any claims that it may have against the
Administrative Agent, the Arrangers 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. 

10.17    Electronic Execution of Assignments and Certain Other Documents. The words “execution,”
“execute,” “signed,” “signature,” and words of like import in or related to any document to be signed in connection with this Agreement and the transactions contemplated hereby (including without limitation Assignment
and Assumptions, amendments or other Borrowing/Election Notices, 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; provided that notwithstanding anything contained herein to the contrary the Administrative Agent is under no obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed
to by the Administrative Agent pursuant to procedures approved by it; and provided, further, without limiting the foregoing, upon the request of any party, any electronic signature shall be promptly followed by such manually executed
counterpart. 
 10.18    USA PATRIOT Act. 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 Borrower 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 Loan Parties, which information includes the name and address of the Borrower and other information that will allow
such Lender or the Administrative Agent, as applicable, to identify the Loan Parties in accordance with the Act. Each Loan Party 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. 

10.19    Entire Agreement. This Agreement and the other Loan Documents represent the final agreement among
the parties and may not be contradicted by evidence of prior, contemporaneous, or subsequent oral agreements of the parties. There are no unwritten oral agreements among the parties. 

  
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 10.20    Keepwell. Each Loan Party that is a Qualified ECP
Guarantor at the time the Guaranty, by any Specified Loan Party, becomes effective with respect to any Swap Obligation hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to
each Specified Loan Party with respect to such Swap Obligation as may be needed by such Specified Loan Party from time to time to honor all of its obligations under its Guaranty and the other Loan Documents in respect of such Swap Obligation (but,
in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.20 voidable under applicable
law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 10.20 shall remain in full force and effect
until the Obligations (other than contingent indemnity obligations for which no claim is pending) have been indefeasibly paid and performed in full. Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to
constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Loan Party for all purposes of the Commodity Exchange Act. 

10.21    Authorization. Each Lender hereby irrevocably appoints, designates and authorizes the
Administrative Agent and the Collateral Agent, (a) to take such action on its behalf under the provisions of the Intercreditor Agreement and to exercise such powers and perform such duties as are expressly delegated to it by the terms thereof,
together with such powers as are reasonably incidental thereto, including, without limitation, (i) granting of waivers under the Intercreditor Agreement and the Security Instruments and exercising such powers and performing such duties as are
required under the provisions of the Intercreditor Agreement, and any other instruments or agreements referred to therein or as are reasonably incidental thereto, (ii) making, on such Lender’s behalf, the representations, warranties,
covenants and agreements deemed made by such Lender under the provisions of the Intercreditor Agreement, and (iii) taking such action under the Intercreditor Agreement and the Security Instruments as is authorized by a vote of the Required
Lenders, and (b) to enter into the Intercreditor Agreement and the Security Instruments (including, without limitation, in each case, any amendment, modifications or restatements after the Amendment No. 4 Closing Date) on such
Lender’s behalf. In furtherance of the foregoing, each Lender hereby irrevocably agrees to be bound by all of the agreements of the Administrative Agent and Collateral Agent contained in the Intercreditor Agreement and the Security Instruments.

 10.22    Acknowledgement and Consent to Bail-In of EEA Financial
Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender that is an EEA Financial
Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 (a)    the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any
such liabilities arising hereunder which may be payable to it by any Lender that is an EEA Financial Institution; and 

  
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 (b)    the effects of any
Bail-In Action on any such liability, including, if applicable: 

(i)    a reduction in full or in part or cancellation of any such liability; 

(ii)    a conversion of all, or a portion of, such liability into shares or other instruments of ownership
in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with
respect to any such liability under this Agreement or any other Loan Document; or 
 (iii)    the
variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority 

ARTICLE XI 
 GUARANTY

 11.01    Guaranty. 

(a)    For valuable consideration, the receipt of which is hereby acknowledged, and to induce the Lenders to make advances
to the Borrower, the Company 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 the
Borrower to the Administrative Agent. the Collateral Agent, the Secured Creditors, the Lenders, or any of them, under or with respect to the Loan Documents, whether for principal, interest, fees, expenses or otherwise, and any Secured Cash
Management Agreement, any Secured Hedge Agreement and any Secured Bilateral Letter of Credit (including all renewals, extensions, amendments, refinancings and other modifications thereof and all costs, attorneys’ fees and expenses incurred by
the Secured Creditors in connection with the collection or enforcement thereof) (collectively, the “Guaranteed Obligations”); provided that Guaranteed Obligations of a Loan Party shall exclude any Excluded Swap Obligations
with respect to such Loan Party. 
 (b)    Without limiting the generality of the foregoing, the Company’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. The Company, 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 the Company 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 the Company hereunder. To effectuate the foregoing intention, the Administrative Agent, the Lenders and the Company hereby
irrevocably agree that the Obligations of the Company under this Guaranty at any time shall be limited to the maximum amount as will result in the 

  
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Obligations of the Company under this Guaranty not constituting a fraudulent transfer or conveyance. The Company 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, the Company will contribute, to the maximum extent permitted by law, such amounts to each other guarantor so as to maximize the aggregate amount paid to the Lenders
under or in respect of the Loan Documents. 
 11.02    Waivers; Subordination of Subrogation. 

(a)    Waivers. The Company waives notice of the acceptance of this guaranty and of the extension or continuation of
the Guaranteed Obligations or any part thereof. The Company further waives presentment, protest, notice of notices delivered or demand made on the 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 the 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 the Borrower or otherwise, the Company’s 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 the Company their assessments of the financial condition of the Borrower. 

(b)    Subordination of Subrogation. Until the Guaranteed Obligations have been indefeasibly paid in full in cash,
the Company (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 the Borrower, any other
Guarantor, any endorser or any guarantor of all or any part of the Guaranteed Obligations or any other Person. Should the Company have the right, notwithstanding the foregoing, to exercise its subrogation rights, the Company 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 the Company 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. The Company
acknowledges and agrees that this subordination is intended to benefit the Administrative Agent and shall not limit or otherwise affect the Company’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 11.02. 

11.03    Guaranty Absolute. This guaranty is a guaranty of payment and not of collection, is a primary
obligation of the Company 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 

  
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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; (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 the Borrower or the insolvency, bankruptcy or any other change in the legal
status of the 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 the 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 the Company shall have had notice or knowledge of any act or omission referred to in the foregoing clauses (a) through (k) of this Section 11.03. It is
agreed that the Company’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 the Borrower of the Guaranteed Obligations in the manner agreed upon between the Borrower and the Administrative Agent and the Lenders. 

11.04    Acceleration. The Company agrees that, as between the Company on the one hand, and the
Lenders and the Administrative Agent, on the other hand, the obligations of the Borrower guaranteed under this Article XI may be declared to be forthwith due and payable, or may be deemed automatically to have been
accelerated, as provided in Section 8.02 hereof for purposes of this Article XI, notwithstanding any stay, injunction or other prohibition (whether in a bankruptcy proceeding affecting the Borrower
or otherwise) preventing such declaration as against the Borrower and that, in the event of such declaration or automatic acceleration, such obligations (whether or not due and payable by the Borrower) shall forthwith become due and payable by the
Company for purposes of this Article XI. 
 11.05    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 the Company or against or in payment of any or all of the
Guaranteed Obligations. If the Company or any other guarantor of all or any part of the Guaranteed Obligations makes a payment or payments to any Lender or the Administrative 

  
 123 

 
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 the Company or any other
guarantor or any other Person, or their respective estates, trustees, receivers or any other party, including, without limitation, the Company, 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. 
 11.06    Termination Date. This Guaranty is a continuing guaranty and shall
remain in effect until the later of (a) the date upon which no Commitment hereunder, Loan or other Obligation hereunder shall remain unpaid or unsatisfied (other than contingent Obligations to the extent no claim giving rise thereto has been
asserted) and (b) the date on which all of the Guaranteed Obligations have been paid in full in cash, subject to the proviso in Section 11.01(a). 

11.07    Subordination of Intercompany Indebtedness. The Company agrees that any and all claims the Company
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; provided that,
and not in contravention of the foregoing, so long as no Event of Default has occurred and is continuing the Company 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 the Company to ask, demand, sue for, take or receive any payment from any other Loan Party, all rights, liens and security
interests of the Company, 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. The
Company shall not 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) shall have been
fully paid and satisfied (in cash) and all financing arrangements pursuant to any Loan Documents, Secured Hedge Agreements, Secured Cash Management Agreements and Secured Bilateral Letters of Credit 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 the Company (“Intercompany Indebtedness”) shall be paid or delivered directly to the Administrative Agent for application on any of the Obligations, due or to become due, until such
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 the Company 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 the termination of all financing arrangements pursuant to any Loan

  
 124 

 
Document, Secured Hedge Agreements, Secured Cash Management Agreements and Secured Bilateral Letters of Credit, the Company shall receive and hold the same in trust, as trustee, for the benefit
of the holders of the 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 the Company where necessary), for
application to any of the Obligations, due or not due, and, until so delivered, the same shall be held in trust by the Company as the property of the holders of the Obligations. If the Company 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. The Company agrees that until the Obligations (other than the contingent indemnity obligations) have been paid in full
(in cash) and satisfied and all financing arrangements pursuant to any Loan Documents, Secured Hedge Agreements, Secured Cash Management Agreements and Secured Bilateral Letters of Credit have been terminated, the Company will not assign or transfer
to any Person (other than the Administrative Agent) any claim the Company has or may have against any other Loan Party. 
 [Remainder Of
This Page Intentionally Blank] 

  
 125 

 ANNEX II-1 

AMENDED SCHEDULES 1.01A, 1.01B, 1.01C, 7.01, 7.04A, 7.04B AND 7.05 

(see attached) 

 SCHEDULE 1.01A 

EXCLUDED FOREIGN SUBSIDIARIES 
  

	1.	CB&I Cojafex, B.V. 

	2.	Shaw South America (Peru) S.R.L. 

	3.	Shaw Chile Servicios Ltda. 

	4.	CB&I Meio Ambiente e Infraestrutra Ltd. 

	5.	Environmental Solutions Holdings Ltd. 

	6.	Environmental Solutions (Cayman) Ltd. 

	7.	Environmental Solutions Ltd. 

	8.	Environmental Solutions of Ecuador S.A. 

	9.	CB&I Middle East Holding, Inc. 

	10.	CB&I SKE&C Middle East Ltd. 

	11.	Shaw Emirates Pipes Manufacturing Limited Liability Company 

	12.	Shaw Stone & Webster Arabia Co. Ltd 

	13.	CB&I Engineering (Thailand) Ltd. 

	14.	Manufacturas Shaw South America, C.A. 

	15.	Shaw Asia Company, Limited 

	16.	Shaw E&I International, Ltd. 

	17.	Holding Manufacturas Shaw South America, C.A. 

	18.	Shaw Overseas (Middle East) Ltd. 

	19.	Shaw Pacific Pte. Ltd. 

	20.	CB&I Matamoros S. de R.L. de C.V. 

	21.	Lummus Technology B.V. 

	22.	Sarida Offshore Company 

	23.	CB&I Lummus Ltda. 

	24.	Constructors CBI Ltda. 

	25.	CBI de Nicaragua S.A. 

	26.	Oasis Supply Company, Ltd. 

	27.	Highlands Trading Company, Ltd. 

	28.	CBI de Venezuela 

	29.	CB&I Paddington Limited 

	30.	CB&I London Limited 

	31.	Shaw Enterprises Pipes Manufacturing Limited Liability Company 

	32.	CB&I Nass Pipe Fabrication W.L.L. 

 SCHEDULE 1.01B 

MATERIAL SUBSIDIARIES 
  

			
	 1.        Chicago Bridge & Iron
Company
	 	 Delaware

	 2.        CB&I LLC
	 	 Texas

	 3.        CBI Services, LLC
	 	 Delaware

	 4.        Chicago Bridge & Iron Company
(Delaware)
	 	 Delaware

	 5.        Chicago Bridge & Iron Company
B.V.
	 	 Netherlands

	 6.        CBI Americas Ltd.
	 	 Delaware

	 7.        CB&I Woodlands LLC
	 	 Delaware

	 8.        Chicago Bridge & Iron
Company
	 	 Illinois

	 9.        Asia Pacific Supply Co.
	 	 Delaware

	 10.      CBI Company Ltd.
	 	 Delaware

	 11.      Central Trading Company Ltd.
	 	 Delaware

	 12.      CSA Trading Company Ltd.
	 	 Delaware

	 13.      CB&I Technology Inc.
	 	 Delaware

	 14.      CBI Overseas, LLC
	 	 Delaware

	 15.      A & B Builders, Ltd.
	 	 Texas

	 16.      Constructors International, L.L.C.
	 	 Delaware

	 17.      HBI Holdings, LLC
	 	 Delaware

	 18.      Howe-Baker International, L.L.C.
	 	 Delaware

	 19.      Howe-Baker Engineers, Ltd.
	 	 Texas

	 20.      Howe-Baker Holdings, L.L.C.
	 	 Delaware

	 21.      Howe-Baker Management, L.L.C.
	 	 Delaware

	 22.      Howe-Baker International Management, LLC
	 	 Delaware

	 23.      Matrix Engineering, Ltd.
	 	 Texas

	 24.      Matrix Management Services, LLC
	 	 Delaware

	 25.      Oceanic Contractors, Inc.
	 	 Delaware

	 26.      CBI Venezolana, S.A.
	 	 Venezuela

	 27.      CBI Montajes de Chile Limitada
	 	 Chile

	 28.      Horton CBI, Limited
	 	 Canada

	 29.      CB&I Europe B.V.
	 	 Netherlands

	 30.      CBI Eastern Anstalt
	 	 Liechtenstein

	 31.      CB&I Power Company B.V.
	 	 Netherlands

	 32.      CBI Constructors Pty Ltd
	 	 Australia

	 33.      CBI Engineering and Construction Consultant

                (Shanghai) Co. Ltd.
	 	 Shanghai

	 34.      CBI (Philippines), Inc.
	 	 Philippines

	 35.      CBI Nederland B.V.
	 	 Netherlands

	 36.      CB&I Constructors Limited
	 	 United Kingdom

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

	 38.      CB&I UK Limited
	 	 United Kingdom

	 39.      Arabian Gulf Material Supply Company, Ltd.
	 	 Cayman Islands

	 40.      CB&I (Nigeria) Limited
	 	 Nigeria

	 41.      Pacific Rim Material Supply Company, Ltd.
	 	 Cayman Islands

	 42.      Southern Tropic Material Supply Company, Ltd.
	 	 Cayman Islands

	 43.      Lummus Technology Heat Transfer B.V.
	 	 Netherlands

	 44.      Lealand Finance Company B.V.
	 	 Netherlands

	 45.      CB&I Singapore PTE Ltd.
	 	 Singapore

			
	 46.      CB&I Oil & Gas Europe B.V.
	 	 Netherlands

	 47.      CBI Colombiana S.A.
	 	 Colombia

	 48.      Chicago Bridge & Iron (Antilles) N.V.
	 	 Curaçao

	 49.      Woodlands International Insurance Company
	 	 Ireland

	 50.      Lummus Novolen Technology GmbH
	 	 Germany

	 51.      CB&I Lummus GmbH
	 	 Germany

	 52.      CB&I Technology International Corporation
	 	 Delaware

	 53.      CB&I Technology Ventures, Inc.
	 	 Delaware

	 54.      CB&I Technology Overseas Corporation
	 	 Delaware

	 55.      CB&I Malta Limited
	 	 Malta

	 56.      Lutech Resources Limited
	 	 United Kingdom

	 57.      Netherlands Operating Company B.V.
	 	 Netherlands

	 58.      CB&I s.r.o.
	 	 Czech Republic

	 59.      CBI Peruana S.A.C.
	 	 Peru

	 60.      CBI Hungary Holding Limited Liability Company
	 	 Hungary

	 61.      Catalytic Distillation Technologies
	 	 Texas

	 62.      CB&I Tyler Company
	 	 Delaware

	 63.      CB&I Finance Company Limited
	 	 Ireland

	 64.      Shaw Alloy Piping Products, LLC
	 	 Louisiana

	 65.      CB&I Walker LA, L.L.C.
	 	 Louisiana

	 66.      The Shaw Group Inc.
	 	 Louisiana

	 67.      CBI Overseas (Far East) Inc.
	 	 Delaware

	 68.      CB&I North Carolina, Inc.
	 	 North Carolina

	 69.      Lummus Gasification Technology Licensing
Company
	 	 Delaware

	 70.      CB&I Laurens, Inc.
	 	 South Carolina

	 71.      Shaw SSS Fabricators, Inc.
	 	 Louisiana

	 72.      Chicago Bridge & Iron Company (Netherlands),
LLC
	 	 Delaware

	 73.      CBI US Holding Company Inc.
	 	 Delaware

	 74.      CBI HoldCo Two Inc.
	 	 Delaware

	 75.      CBI Company BV
	 	 Netherlands

	 76.      CB&I Holdco, LLC
	 	 Louisiana

	 77.      New BV2*
	 	 Netherlands

	 78.      CBI UK Cayman Acquisition Ltd.*
	 	 United Kingdom

	 79.      CB&I International, Inc.*
	 	 Louisiana

	 80.      CB&I Fabrication, LLC*
	 	 Louisiana

	 81.      Arabian CBI Ltd*
	 	 Saudi Arabia

	 82.      Arabian CBI Tank Manufacturing Company Inc.*
	 	 Saudi Arabia

	 83.      CB&I Clearfield, Inc.*
	 	 Delaware

	 84.      CB&I El Dorado, Inc.*
	 	 Arkansas

	 85.      CB&I Lake Charles, LLC*
	 	 Louisiana

  

	*	To be added as a Material Subsidiary thirty (30) days post-closing. 

 SCHEDULE 1.01C 

SUBSIDIARY GUARANTORS 
  

			
	 1.        Chicago Bridge & Iron
Company
	  	 Delaware

	 2.        CB&I LLC
	  	 Texas

	 3.        CBI Services, LLC
	  	 Delaware

	 4.        Chicago Bridge & Iron Company
(Delaware)
	  	 Delaware

	 5.        Chicago Bridge & Iron Company
B.V.
	  	 Netherlands

	 6.        CBI Americas Ltd.
	  	 Delaware

	 7.        CB&I Woodlands LLC
	  	 Delaware

	 8.        Chicago Bridge & Iron
Company
	  	 Illinois

	 9.        Asia Pacific Supply Co.
	  	 Delaware

	 10.      CBI Company Ltd.
	  	 Delaware

	 11.      Central Trading Company Ltd.
	  	 Delaware

	 12.      CSA Trading Company Ltd.
	  	 Delaware

	 13.      CB&I Technology Inc.
	  	 Delaware

	 14.      CBI Overseas, LLC
	  	 Delaware

	 15.      A & B Builders, Ltd.
	  	 Texas

	 16.      Constructors International, L.L.C.
	  	 Delaware

	 17.      HBI Holdings, LLC
	  	 Delaware

	 18.      Howe-Baker International, L.L.C.
	  	 Delaware

	 19.      Howe-Baker Engineers, Ltd.
	  	 Texas

	 20.      Howe-Baker Holdings, L.L.C.
	  	 Delaware

	 21.      Howe-Baker Management, L.L.C.
	  	 Delaware

	 22.      Howe-Baker International Management, LLC
	  	 Delaware

	 23.      Matrix Engineering, Ltd.
	  	 Texas

	 24.      Matrix Management Services, LLC
	  	 Delaware

	 25.      Oceanic Contractors, Inc.
	  	 Delaware

	 26.      CBI Venezolana, S.A.
	  	 Venezuela

	 27.      CBI Montajes de Chile Limitada
	  	 Chile

	 28.      Horton CBI, Limited
	  	 Canada

	 29.      CB&I Europe B.V.
	  	 Netherlands

	 30.      CBI Eastern Anstalt
	  	 Liechtenstein

	 31.      CB&I Power Company B.V.
	  	 Netherlands

	 32.      CBI Constructors Pty Ltd
	  	 Australia

	 33.      CBI Engineering and Construction Consultant

                (Shanghai) Co. Ltd.
	  	 Shanghai

	 34.      CBI (Philippines), Inc.
	  	 Philippines

	 35.      CBI Nederland B.V.
	  	 Netherlands

	 36.      CB&I Constructors Limited
	  	 United Kingdom

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

	 38.      CB&I UK Limited
	  	 United Kingdom

	 39.      Arabian Gulf Material Supply Company, Ltd.
	  	 Cayman Islands

	 40.      CB&I (Nigeria) Limited
	  	 Nigeria

	 41.      Pacific Rim Material Supply Company, Ltd.
	  	 Cayman Islands

	 42.      Southern Tropic Material Supply Company, Ltd.
	  	 Cayman Islands

	 43.      Lummus Technology Heat Transfer B.V.
	  	 Netherlands

	 44.      Lealand Finance Company B.V.
	  	 Netherlands

	 45.      CB&I Singapore PTE Ltd.
	  	 Singapore

			
	 46.      CB&I Oil & Gas Europe B.V.
	  	 Netherlands

	 47.      CBI Colombiana S.A.
	  	 Colombia

	 48.      Chicago Bridge & Iron (Antilles) N.V.
	  	 Curaçao

	 49.      Woodlands International Insurance Company
	  	 Ireland

	 50.      Lummus Novolen Technology GmbH
	  	 Germany

	 51.      CB&I Lummus GmbH
	  	 Germany

	 52.      CB&I Technology International Corporation
	  	 Delaware

	 53.      CB&I Technology Ventures, Inc.
	  	 Delaware

	 54.      CB&I Technology Overseas Corporation
	  	 Delaware

	 55.      CB&I Malta Limited
	  	 Malta

	 56.      Lutech Resources Limited
	  	 United Kingdom

	 57.      Netherlands Operating Company B.V.
	  	 Netherlands

	 58.      CB&I s.r.o.
	  	 Czech Republic

	 59.      CBI Peruana S.A.C.
	  	 Peru

	 60.      CBI Hungary Holding Limited Liability Company
	  	 Hungary

	 61.      Catalytic Distillation Technologies
	  	 Texas

	 62.      CB&I Tyler Company
	  	 Delaware

	 63.      CB&I Finance Company Limited
	  	 Ireland

	 64.      Shaw Alloy Piping Products, LLC
	  	 Louisiana

	 65.      CB&I Walker LA, L.L.C.
	  	 Louisiana

	 66.      The Shaw Group Inc.
	  	 Louisiana

	 67.      CBI Overseas (Far East) Inc.
	  	 Delaware

	 68.      CB&I North Carolina, Inc.
	  	 North Carolina

	 69.      Lummus Gasification Technology Licensing
Company
	  	 Delaware

	 70.      CB&I Laurens, Inc.
	  	 South Carolina

	 71.      Shaw SSS Fabricators, Inc.
	  	 Louisiana

	 72.      Chicago Bridge & Iron Company (Netherlands),
LLC
	  	 Delaware

	 73.      CBI US Holding Company Inc.
	  	 Delaware

	 74.      CBI HoldCo Two Inc.
	  	 Delaware

	 75.      CBI Company BV
	  	 Netherlands

	 76.      CB&I Holdco, LLC
	  	 Louisiana

	 77.      New BV2*
	  	 Netherlands

	 78.      CBI UK Cayman Acquisition Ltd.*
	  	 United Kingdom

	 79.      CB&I International, Inc.*
	  	 Louisiana

	 80.      CB&I Fabrication, LLC*
	  	 Louisiana

	 81.      Arabian CBI Ltd*
	  	 Saudi Arabia

	 82.      Arabian CBI Tank Manufacturing Company Inc.*
	  	 Saudi Arabia

	 83.      CB&I Clearfield, Inc.*
	  	 Delaware

	 84.      CB&I El Dorado, Inc.*
	  	 Arkansas

	 85.      CB&I Lake Charles, LLC*
	  	 Louisiana

  

	*	To be added as a Subsidiary Guarantor thirty (30) days post-closing. 

 SCHEDULE 7.01 

PERMITTED EXISTING INDEBTEDNESS 
 Section
(a) - Borrowed Money 
  

							
	 Company
	  	 Party
	  	Amount (in $000s)	 
	 Chicago Bridge & Iron Company
	  	Existing Term Loan Credit Agreement	  	$	481,300	 
	 Chicago Bridge & Iron Company
	  	NPA Notes	  	$	731,000	 
	 Chicago Bridge & Iron Company
	  	Existing Revolving Credit Agreement ($1.35B)	  	$	204,000	 
	 Chicago Bridge & Iron Company
	  	Existing Revolving Credit Agreement ($800M)	  	$	170,000	 
	 Section (b) - Deferred Purchase Price
	  		  	$	—  	 
	 Section (c) - Lien Obligations
	  		  	$	0	 
	 Section (d) - Notes
	  		  	$	—  	 
	 Section (e) - Capitalized Leases
	  		  	$	0	 
	 Section (f) - Contingent Obligations
	  		  	 	Refer to Schedule 7.05	 
	 Section (g) - Letters of Credit
	  		  	$
 $
	1,600,000 Bilateral
 139,600 Revolvers
	 
  

	 Section (h) - Off-Balance Sheet Liabilities
	  		  			
	 Sale and Leaseback of Plainfield Facility
	  		  	$	0	 
	 Section (i) - Disqualified Stock
	  		  	$	—  	 

 SCHEDULE 7.04A 

PERMITTED EXISTING INVESTMENTS 
 The
Company has investments in the following list of entities: 
  

	 	1.	CBI (Malaysia) Sdn. Bhd. 

  

	 	2.	Chicago Bridge & Iron Company (Egypt) LLC 

  

	 	3.	Horton CBI, Limited 

  

	 	4.	CBI (Philippines) Inc. 

  

	 	5.	CBI (Thailand) Limited 

  

	 	6.	Chicago Bridge & Iron Company LLC 

  

	 	7.	CBI Clough JV Pte. Ltd 

  

	 	8.	Shaw Nass Middle East, W.L.L. 

  

	 	9.	Shaw Emirates Pipes Manufacturing LLC 

 SCHEDULE 7.04B 

PERMITTED EXISTING J/V INVESTMENTS 
 The
Company and its subsidiaries have continuing investment obligations in the following joint ventures and nonconsolidated subsidiaries: 
  

	 	1.	Chevron Lummus Global (CLG) - JV 

  

	 	2.	Net Power LLC 

  

	 	3.	CBI Kentz JV 

  

	 	4.	CB&I Areva MOX Services, LLC 

  

	 	5.	Shaw Nass Middle East, W.L.L. 

  

	 	6.	Shaw SKE&C Middle East Ltd. 

  

	 	7.	Shaw Emirates Pipes Manufacturing LLC 

  

	 	8.	CC JV 

  

	 	9.	CCZ JV 

  

	 	10.	CZJV 

  

	 	11.	Lummus JV 

  

	 	12.	CB&I/Murray and Roberts Projects Joint Venture 

  

	 	13.	Pretrofac-Sumsung-CB&I CFP Joint Operation 

  

	 	14.	ES3 - EBSE Shaw Spool Solutions Fabricação de Sistema de Tubulação Ltda. 

  

	 	15.	CB&I-CTCI B.V.  

 SCHEDULE 7.05 

PERMITTED EXISTING CONTINGENT OBLIGATIONS 

Contingent Obligations in connection with Project Jazz. 

Contingent Obligations in connection with uncommitted bilateral letter of credit facilities. 

 ANNEX II-2 

AMENDED EXHIBIT C 
 (see
attached) 

 EXHIBIT C 

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 Term Loan Agreement, dated as of July 8, 2015 (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., a corporation organized under the laws of The
Kingdom of the Netherlands (the “Company”), Chicago Bridge & Iron Company (Delaware), a Delaware corporation (the “Borrower”), the Lenders from time to time party thereto, and Bank of America, N.A., as
Administrative Agent. 
 The undersigned Responsible Officer hereby certifies as of the date hereof that he/she is the
                                        
of the Company, and that, in such capacity, 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 6.01(b) 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 6.01(a)
of the Agreement for the fiscal quarter of the Company ended as of the above date. Such financial statements fairly present the consolidated financial condition, 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, 2 and 3 attached
hereto are true and accurate on and as of the date of this Certificate. 

  
 C - 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:	 	  

  
 C - 2 

Form of Compliance Certificate 

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

SCHEDULE 1 
 to the
Compliance Certificate 
 ($ in 000’s) 

[Include paragraphs I and II in the Compliance Certificate delivered for each four-fiscal quarter period ending on or after
March 31, 2018.] 
  

											
	[I.	  	Section 7.18(a) – Maximum Leverage Ratio.	  			
				
		  	A.	  	Adjusted Indebtedness at Statement Date:	  	$	            	 
				
		  	B.	  	EBITDA (see Schedule 2) 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:	  	 	1.75 to 1.00	 
			
	II.	  	Section 7.18(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.	  	Dividends and distributions received in cash during Subject Period:	  	$	            	 
					
		  		  	5.	  	Non-cash compensation expenses for management or employees to the extent deducted in computing Consolidated Net Income	  	$	            	 
					
		  		  	6.	  	Up to $50,000,000, in the aggregate, of charges, expenses and losses incurred from restructuring and integration activities, including in connection with the Technology Disposition, from the Amendment No. 5 Closing Date
through the last day of the fiscal quarter ending December 31, 2018	  	$	            	 
					
		  		  	7.	  	The amount of any project charges (or Eligible Project Charges, as the case may be) incurred by the Company or its Subsidiaries up to the maximum amount specified in the definition of Consolidated Net Income Available for Fixed
Charges	  	$	            	 
					
		  		  	8.	  	Equity earnings booked or recognized by the Company or any of its Subsidiaries from Eligible Joint Ventures for Subject Period:1	  	$	            	 

  

	1 	Not to exceed 15% (or such lower percentage as may be set forth in the Note Purchase Agreements) of EBITDA pursuant to clauses (a) through (g) of the definition thereof for the period of twelve
(12) prior consecutive months. 

  
 C - 3 

Form of Compliance Certificate 

											
		  		  	9.	  	Consolidated Net Income Available for Fixed Charges (Lines II.A1 + 2 + 3 + 4 + 5 + 6 + 7 + 8) for Subject Period:	  	$	            	 
				
		  	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):	  	$	            	 
				
		  	C.	  	Fixed Charge Coverage Ratio (Line II.A11 ÷ Line II.B3):	  	 	to 1.00	 
		  		  		  		  	  
	  
	 
			
		  	Minimum required:	  	 	2.25 to 1.00	 
			
	[III.]	  	Section 7.18(d) – Minimum EBITDA.	  			
			
		  	EBITDA for Subject Period:      $            	  			
			
		  	Minimum required:	  			

  

					
	 Four Fiscal Quarters Ending
	  	Minimum EBITDA	 
	 September 30, 2017
	  	$	500,000,000	 
	 December 31, 2017
	  	$	550,000,000	 
	 March 31, 2018
	  	$	500,000,000	 
	 June 30, 2018
	  	$	450,000,000	 
	 September 30, 2018
	  	$	450,000,000	 
	 December 31, 2018 and each fiscal quarter thereafter
	  	$	425,000,000	 

  
 C - 4 

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

	(i)(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	  		  		  		  		  	
							
	(7)	  	-extraordinary gains to the extent added	  		  		  		  		  	
							
	(ii)	  	+ depreciation expense to the extent deducted	  		  		  		  		  	
							
	(iii)	  	+ amortization expense to the extent deducted	  		  		  		  		  	
							
	(iv)	  	+ non-cash compensation expenses for management or employees to the extent deducted	  		  		  		  		  	

  
 C - 5 

Form of Compliance Certificate 

													
	(v)	  	+ to the extent not already included, dividends distributions actually received in cash received from Persons other than Subsidiaries	  		  		  		  		  	
							
	(vi)	  	+ up to $50,000,000, in the aggregate, of charges, expenses and losses incurred from restructuring and integration activities, including in connection with the Technology Disposition, from the Amendment No. 5 Closing Date through
the last day of the fiscal quarter ending December 31, 2018	  		  		  		  		  	
							
	(vii)	  	+ the amount of any project charges (or Eligible Project Charges, as the case may be) incurred by the Company or its Subsidiaries up to the maximum amount specified in the definition of EBITDA	  		  		  		  		  	
							
	(viii)	  	+ 2 equity earnings booked or recognized by the Company or any of its Subsidiaries from Eligible Joint Ventures	  		  		  		  		  	
							
	=	  	Consolidated EBITDA	  		  		  		  		  	

  
  

	2 	Not to exceed 15% (or such lower percentage as may be set forth in the Note Purchase Agreements) of EBITDA pursuant to clauses (a) through (g) of this definition for the period of twelve (12) prior
consecutive months. 

  
 C - 6 

Form of Compliance Certificate 

 SCHEDULE 3 

Eligible Joint Ventures 

[INCLUDE LISTING OF ELIGIBLE JOINT VENTURES] 

  
 C - 7 

Form of Compliance Certificate 

 ANNEX III 

UNDELIVERED ITEMS FROM AMENDMENT NO. 4 

The waiver under Section 3(a) of this Amendment will remain effective only if the Loan Parties deliver to the Collateral Agent the
items listed in this Annex III by the respective dates specified below (which dates may be extended at the sole discretion of the Collateral Agent): 
  

					
	 Item
	  	 Description
	  	 Deadline

	1.	  	For each Mortgaged Property (other than the Company’s administrative headquarters facility in The Woodlands, Texas), each Mortgage and related Mortgage Instrument, in form and substance reasonably satisfactory to the
Administrative Agent.	  	30 days after the date requested by the Collateral Agent
			
	2.	  	With respect to each Curacao Loan Party and Liechtenstein Loan Party, each item listed in paragraph (5) of Annex IV to Amendment No. 4.	  	September 5, 2017

 ANNEX IV 

POST-CLOSING MATTERS 
 By the respective
deadlines specified below (which such dates may be extended at the sole discretion of the Collateral Agent), delivery of the following items: 
  

					
	 Item
	  	 Description
	  	 Deadline

	1.	  	For each Mortgaged Property (other than the Company’s administrative headquarters facility in The Woodlands, Texas), each Mortgage and related Mortgage Instrument, in form and substance reasonably satisfactory to the
Administrative Agent.	  	30 days after the date requested by the Collateral Agent
			
	2.	  	 The following, each of which shall be originals or telecopies (followed promptly by originals) unless otherwise specified, each properly
executed by an authorized officer of the applicable signing Curacao Loan Party, Liechtenstein Loan Party or Loan Party organized in Canada or Australia (collectively, the “Foreign Loan Parties”, and individually, each a
“Foreign Loan Party”) where applicable, and each in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent:
  

(i)    such certificates of resolutions or other action, incumbency certificates and/or other
certificates of authorized officers of each Foreign Loan Party as the Administrative Agent may require evidencing the identity, authority and capacity of each authorized officer thereof authorized to act as an authorized officer in connection with
the Foreign Security Instruments to which such Foreign Loan Party is a party;
  

(ii)    such documents and certifications as the Administrative Agent may reasonably require to
evidence that each Foreign Loan Party is duly organized or formed, is validly existing and in good standing and qualified in its jurisdiction of organization or maintains its principal place of business;

 
 (iii)    written opinions of
counsel to the Foreign Loan Parties (or the Secured Bank Creditors, as is customary in such foreign jurisdictions), addressed to the Administrative Agent, the Collateral Agent and the Lenders, in form and substance reasonably satisfactory to the
Collateral Agent; and
  

(iv)    each applicable Curacao Security Instrument, Liechtenstein Security Instrument or Security
Instrument with respect to Canada or Australia (collectively, the “Foreign Security Instruments”, and individually, each a “Foreign Security Instrument”), in
	  	September 5, 2017

					
		  	 form and substance reasonably satisfactory to the Collateral Agent, duly executed by each Foreign Loan Party, together
with:
  
 (A)    to the extent
applicable, filings in form appropriate for filing in all jurisdictions that the Collateral Agent may deem necessary or desirable in order to perfect the Liens created under the Foreign Security Instruments, covering the Collateral described in the
Foreign Security Instruments;
  

(B)    except with respect to the Curacao Loan Parties (and, if applicable the Liechtenstein Loan
Parties), copies of applicable lien searches or equivalent reports, each of a recent date listing all effective lien notices or comparable documents (together with copies of such documents) that name any Foreign Loan Party as debtor and that are
filed in those jurisdictions in which any Foreign Loan Party is organized or maintains its principal place of business; and
  

(C)    except with respect to the Curacao Loan Parties (and, if applicable the Liechtenstein Loan
Parties), certificates and instruments representing the Pledged Interests referred to in the Foreign Security Instruments accompanied by undated stock powers or instruments of transfer executed in blank.
	  	
			
	3.	  	 English law governed charges in favor of and in form and substance reasonably acceptable to the Collateral Agent with respect to the
following:
  

•       Shares in the capital of CB&I UK Limited owned by Chicago
Bridge & Iron Company (Netherlands) LLC (see Section 2.3(b) of U.S. Security Agreement)
  

•       Shares in the capital of CB&I Holdings (UK) Limited owned by
Chicago Bridge & Iron Company B.V. (see Clause 12a. of the Omnibus Deed of Pledge dated August 4, 2017 (the “Dutch Omnibus Pledge”) among the Company and the other Pledgors named therein and the Collateral Agent
as Pledgee)
  

•       Shares in the capital of Lutech Resources Limited owned by CB&I
Oil and Gas Europe BV (see Clause 12b. of Dutch Omnibus Pledge)
	  	September 5, 2017
			
	4.	  	Each Grantor under the U.S. Security Agreement that maintains one or more BMG Accounts (as defined in the U.S. Security Agreement) shall	  	September 5, 2017

					
			
		  	use its best efforts to obtain consent from Bank Mendes Gans N.V. (“BMG”) for the grant by such Grantor of (i) a security interest under the U.S. Security Agreement and (ii) a Dutch law-governed pledge, in each case in favor of the Collateral Agent, over such BMG Account (see Section 2.3(c) of U.S. Security Agreement).	  	
			
	5.	  	Each Pledgor under the Dutch Omnibus Pledge that maintains one or more bank accounts with BMG shall use its reasonable endeavors to obtain consent from BMG for the grant by such Pledgor of a pledge in favor of the Collateral Agent
over such bank accounts, subject to the Prior Account Bank Pledge (as defined in the Dutch Omnibus Pledge) in favor of BMG and (ii) the Prior BMG Account Bank Pledge (as defined in the Dutch Omnibus Pledge) (see Clause 4.4 of Dutch Omnibus
Pledge).	  	October 3, 2017
			
	6.	  	Each Chargor under the Composite Debenture dated August 4, 2017 (the “UK Debenture”) among CB&I UK Limited and the other Chargors named therein and the Collateral Agent, which maintain a bank account
with BMG shall use reasonable endeavours to obtain consent from BMG to the grant by such Chargor to the Collateral Agent for a third ranking pledge over any such accounts and, if such consent is granted, each such Chargor shall enter into such a
pledge to be governed by the laws of the Netherlands and to be in form and substance satisfactory to the Collateral Agent (who shall act reasonably) (see Clause 7.6 of UK Debenture).	  	October 3, 2017
			
	7.	  	Each Material Subsidiary marked with an “*” on Schedules 1.01B and 1.01C to the Credit Agreement shall do or cause to be done all things as required in Section 6.13 of the Credit Agreement.	  	September 5, 2017EX-10.4

 Exhibit 10.4 

Execution Version 

SEVENTH AMENDMENT AND WAIVER 

TO NOTE PURCHASE AND GUARANTEE AGREEMENT 

This Seventh Amendment and Waiver to Note Purchase and Guarantee Agreement (this “Amendment”), dated as of August 9,
2017, is made by and among CHICAGO BRIDGE & IRON COMPANY (DELAWARE), a Delaware corporation (the “Company”), CHICAGO
BRIDGE & IRON COMPANY N.V., a corporation incorporated under the laws of The Netherlands (the “Parent Guarantor” and, together with the Company, the “Obligors”),
each of the Subsidiary Guarantors set forth on the signature pages to this Amendment and each of the holders of the Notes (as defined below) set forth on the signature pages to this Amendment (collectively, the “Noteholders”). 

RECITALS: 

A.    The Obligors and each of the Noteholders have heretofore entered into the Note Purchase and Guarantee Agreement
dated as of December 27, 2012 (as amended from time to time prior to the date hereof, the “Existing Note Purchase Agreement” and as amended by this Amendment and as may be further amended, amended and restated, supplemented or
otherwise modified, the “Note Purchase Agreement”), pursuant to which the Company issued (i) U.S. $150,000,000 aggregate principal amount of its 4.15% Senior Notes, Series A, due December 27, 2017,
(ii) U.S. $225,000,000 aggregate principal amount of its 4.57% Senior Notes, Series B, due December 27, 2019, (iii) U.S. $275,000,000 aggregate principal amount of its 5.15% Senior Notes, Series C, due
December 27, 2022 and (iv) U.S. $150,000,000 aggregate principal amount of its 5.30% Senior Notes, Series D, due December 27, 2024 (as amended from time to time prior to the date hereof, the “Existing Notes”
and as amended and restated pursuant to this Amendment and as may be further amended, amended and restated, supplemented or otherwise modified, the “Notes”). 

B.    Pursuant to that certain Sixth Amendment and Waiver to Note Purchase and Guarantee Agreement, dated as of
May 8, 2017, by and among the Obligors and the Noteholders, the applicable rate of interest on the Existing Notes was increased by an amount equal to 0.50% per annum effective as of the Sixth Amendment Effective Date. 

C.    The Obligors have notified the Noteholders that certain Defaults or Events of Default have occurred and are
continuing under the Existing Note Purchase Agreement. 
 D.    The Obligors have requested that the Noteholders agree
to amend certain provisions of the Existing Note Purchase Agreement and the Existing Notes and waive the existing Defaults and Events of Default. 

 E.    The Required Holders are willing to amend the Existing Note Purchase
Agreement and the Existing Notes and waive the existing Defaults and Events of Default pursuant to the terms and conditions set forth herein. 

F.    Capitalized terms used herein shall have the respective meanings ascribed thereto in the Note Purchase Agreement, as
amended hereby, unless herein defined or the context shall otherwise require. 
 G.    All requirements of law have been
fully complied with and all other acts and things necessary to make this Amendment a valid, legal and binding instrument according to its terms for the purposes herein expressed have been done or performed. 

NOW, THEREFORE, the Obligors and the requisite Noteholders, in consideration of good and valuable consideration
the receipt and sufficiency of which is hereby acknowledged, do hereby agree as follows: 
 SECTION 1. DEFINITIONS. 

As used herein, the following terms have the respective meanings set forth below: 

“Curaçao Note Party” shall mean each Subsidiary Guarantor organized under the laws of Curaçao. 

“Dutch Collateral” shall mean and include all “Collateral” (or any similarly defined term) as defined in the Dutch
Security Instruments. 
 “Dutch Note Party” means each Subsidiary Guarantor organized under the laws of The Netherlands.

 “Dutch Security Agreement” shall mean each of the security documents expressed to be governed by the laws of The
Netherlands (as modified, supplemented, amended or amended and restated from time to time) covering certain of each Dutch Note Party’s present and future Dutch Collateral. 

“Dutch Security Instruments” shall mean the Dutch Security Agreements and all other agreements (including control
agreements), notices of security interest, instruments, joinders thereto, supplements thereto, and other documents, whether now existing or hereafter in effect, pursuant to which a Dutch Note Party shall grant or convey to the Collateral Agent or
the holders of Notes a Lien in, or any other Person shall acknowledge any such Lien in, property as security for all or any portion of the obligations under the Note Purchase Agreement or any other obligation under any Financing Agreement, as any of
them has been or may be amended, amended and restated, modified or supplemented from time to time. 
 “Flood Hazard
Property” means any Mortgaged Property that is in an area designated by the Federal Emergency Management Agency as having special flood or mudslide hazards. 

  
 2 

 “Liechtenstein Note Party” shall mean each Subsidiary Guarantor organized under
the laws of Liechtenstein. 
 “UK Collateral” shall mean and include all “Collateral” (or any similarly defined
term) as defined in the UK Security Instruments. 
 “UK Note Party” shall mean each Subsidiary Guarantor organized under
the laws of England. 
 “UK Security Agreement” shall mean each of the security documents expressed to be governed by the
laws of England (as modified, supplemented, amended or amended and restated from time to time) covering certain of each UK Note Party’s present and future UK Collateral. 

“UK Security Instruments” shall mean the UK Security Agreements and all other agreements (including control agreements),
notices of security interest, instruments, joinders thereto, supplements thereto, and other documents, whether now existing or hereafter in effect, pursuant to which a UK Note Party shall grant or convey to the Collateral Agent or the holders of
Notes a Lien in, or any other Person shall acknowledge any such Lien in, property as security for all or any portion of the obligations under the Note Purchase Agreement or any other obligation under any Financing Agreement, as any of them has been
or may be amended, amended and restated, modified or supplemented from time to time. 
 “U.S. Collateral” shall mean and
include all “Collateral” (or any similarly defined term) as defined in any of the U.S. Security Instruments. 
 “U.S.
Security Instruments” means, collectively, the U.S. Security Agreement, the Mortgages, and all other agreements (including control agreements), notices of security interest, instruments, joinders thereto, supplements thereto, Pledge
Supplements (as defined in the U.S. Security Agreement) and other documents, whether now existing or hereafter in effect, pursuant to which a U.S. Note Party shall grant or convey to the Collateral Agent or the holders of Notes a Lien in, or any
other Person shall acknowledge any such Lien in, property as security for all or any portion of the obligations under the Note Purchase Agreement or any other obligation under any Financing Agreement, as any of them has been or may be amended,
amended and restated, modified or supplemented from time to time. 
 SECTION 2. AMENDMENTS TO
EXISTING NOTE PURCHASE AGREEMENT; AMENDMENT AND RESTATEMENT OF EXISTING NOTES. 

(a)    Amendments to Existing Note Purchase Agreement. Subject to the terms and conditions set forth
herein, effective as of the Seventh Amendment Effective Date, the Existing Note Purchase Agreement (exclusive of Schedules and Exhibits thereto, unless expressly provided herein) shall be amended such that, after giving effect to all such
amendments, it shall read in its entirety as set forth on Annex I attached hereto. 

  
 3 

 (b)    Amendments to Exhibits to Existing Note Purchase
Agreement. Subject to the terms and conditions set forth herein, effective as of the Seventh Amendment Effective Date: 

(i)    Exhibit 1 to the Existing Note Purchase Agreement is hereby amended and restated in its
entirety to read as set forth on Annex II attached hereto. 
 (ii)    The Existing Note Purchase
Agreement is hereby amended by inserting a new Schedule 10.10(b) (Permitted Existing Indebtedness) thereto in the form of Annex III attached hereto. 

(iii)    The Existing Note Purchase Agreement is hereby amended by inserting a new Schedule 10.11(b)
(Permitted Existing Investments) thereto in the form of Annex IV attached hereto. 

(iv)    The Existing Note Purchase Agreement is hereby amended by inserting a new Schedule 10.11(g)
(Permitted Existing J/V Investments) thereto in the form of Annex V attached hereto. 

(v)    The Existing Note Purchase Agreement is hereby amended by inserting a new Schedule 10.12
(Permitted Existing Contingent Obligations) thereto in the form of Annex VI attached hereto. 

(vi)    The Existing Note Purchase Agreement is hereby amended by inserting a new Schedule C (Material
Subsidiaries) thereto in the form of Annex IX attached hereto. 
 (c)    Amendment and
Restatement of Existing Notes. Subject to the terms and conditions set forth herein, effective as of the Seventh Amendment Effective Date: 

(i)     (A) the applicable rate of interest stated in clauses (a) and (b)(i) of the first paragraph
of each of the Existing Notes shall be increased by an amount equal to 2.50% per annum (the “Coupon Bump”) from (1) 4.65% per annum to 7.15% per annum with respect to the Series A Notes, (2) 5.07% per annum to 7.57% per annum with
respect to the Series B Notes, (3) 5.65% per annum to 8.15% per annum with respect to the Series C Notes and (4) 5.80% per annum to 8.30% per annum with respect to the Series D Notes, (B) all references to the existing coupon rate applicable to
the Existing Notes in the Existing Note Purchase Agreement and the Existing Notes shall be increased by an amount equal to the Coupon Bump and (C) the Default Rate applicable to the Notes shall be the greater of (x) 2.0% over the rate of
interest publicly announced by Bank of America, N.A. in New York, New York as its “base” or “prime” rate or (y)(1) in the case of the Series A Notes, 9.15% per annum, (2) in the case of the Series B Notes, 9.57% per annum,
(3) in the case of the Series C Notes, 10.15% per annum 

  
 4 

 
and (4) in the case of the Series D Notes, 10.30% per annum. The Coupon Bump shall not be taken into account for purposes of any calculation of the Make-Whole Amount or the Modified
Make-Whole Amount under the Note Purchase Agreement and the Make-Whole Amount and the Modified Make-Whole Amount shall be determined based on the original coupon rate applicable to each series of Existing Notes. 

(ii)    each Existing Note shall be, automatically and without any further action, amended and restated in
its entirety to conform to the form of Note with respect to such series attached as Annex II-A, Annex II-B, Annex
II-C and Annex II-D attached hereto, as applicable, except that the registration number, original principal amount, series and payee set forth in each such
Existing Note shall remain the same, and the date of issuance shall be changed to the Seventh Amendment Effective Date. 
 At
the request of any holder of the Notes, the Company shall, within five Business Days of such request, execute and deliver a new Note or Notes of the same series in the form of Annex II-A, Annex II-B, Annex II-C or Annex II-D hereto, as applicable, in exchange for, and in replacement of, the return of the
original of its Existing Note (or, as applicable, in exchange for a customary form of lost note affidavit in respect thereof), registered in the name of such holder, in the aggregate principal amount of the Existing Note owing to such holder on the
Seventh Amendment Effective Date and dated as of the Seventh Amendment Effective Date. All references to (w) the Senior Notes, Series A, due December 27, 2017 or the “Series A Notes” in the Note Purchase Agreement shall be deemed
to refer to the Amended and Restated Senior Notes, Series A, due December 27, 2017 in the form attached as Annex II-A hereto, (x) the Senior Notes, Series B, due December 27, 2019 or the
“Series B Notes” in the Note Purchase Agreement shall be deemed to refer to the Amended and Restated Senior Notes, Series B, due December 27, 2019 in the form attached as Annex II-B
hereto, (y) the Senior Notes, Series C, due December 27, 2022 or the “Series C Notes” in the Note Purchase Agreement shall be deemed to refer to the Amended and Restated Senior Notes, Series C, due December 27, 2022 in the
form attached as Annex II-C hereto and (z) the Senior Notes, Series D, due December 27, 2024 or the “Series D Notes” in the Note Purchase Agreement shall be deemed to refer to the
Amended and Restated Senior Notes, Series D, due December 27, 2024 in the form attached as Annex II-D hereto. The parties hereto specifically agree and confirm that the transactions effected hereby
and by the Notes shall in no way evidence a new debt of the Company or a novation of the Existing Notes, but rather that all indebtedness of the Company evidenced by the Existing Notes is continued in full force and effect on the terms and
conditions set forth in the Note Purchase Agreement and the Notes, in each case as modified by this Amendment. All amounts owing by the Company in respect of the Existing Notes (including, without limitation, all accrued and unpaid interest on the
Existing Notes to but excluding the Seventh Amendment Effective Date) shall continue to be owing under, and shall after the Seventh Amendment Effective Date be evidenced by, the Note Purchase Agreement and the Notes (without any further action
required on the part of any Person), and shall be payable in accordance with the Note Purchase Agreement and the Notes (in each case as modified by this Amendment). 

  
 5 

 SECTION 3. WAIVERS. 

Subject to the terms and conditions set forth herein, effective as of the Seventh Amendment Effective Date, the undersigned Noteholders hereby
waive: 
 (a)    any Default or Event of Default that occurred or may have occurred on or prior to the
date hereof under Section 11(c) of the Existing Note Purchase Agreement solely as a result of the failure of the Parent Guarantor to comply with (i) the Leverage Ratio set forth in Section 10.7(a) of the Existing Note Purchase
Agreement for the Fiscal Quarter ended June 30, 2017, (ii) the Senior Secured Leverage Ratio set forth in Section 10.7(b) of the Existing Note Purchase Agreement for the Fiscal Quarter ended June 30, 2017, (iii) the minimum
Consolidated Net Worth covenant set forth in Section 10.8 of the Existing Note Purchase Agreement for the Fiscal Quarter ended June 30, 2017, (iv) the Fixed Charge Coverage Ratio set forth in Section 10.9 of the Existing Note Purchase
Agreement for the Fiscal Quarter ended June 30, 2017; 
 (b)    any Default or Event of Default that
occurred or may have occurred on or prior to the date hereof under Section 11(g) of the Existing Note Purchase Agreement solely as a result of the occurrence of any defaults or events of default arising under the 2015 NPA, the 2015 Term Loan
Agreement, the 2013 Revolving Credit Agreement and the 2015 Revolving Credit Agreement that are being waived on the Seventh Amendment Effective Date pursuant to the terms of the respective Transaction Facilities Amendments (as defined below); 

(c)    any Default or Event of Default that occurred or may have occurred on or prior to the date hereof
under Section 11(d) of the Existing Note Purchase Agreement solely as a result of the failure of the Obligors to deliver notices of the Events of Default described in clauses (i) and (ii) above in accordance with Section 7.1(f) of the
Existing Note Purchase Agreement; and 
 (d)    any Default or Event of Default that occurred or may have
occurred on or prior to the date hereof under Section 11(d) of the Existing Note Purchase Agreement solely as a result of the failure of the Parent Guarantor and its Subsidiaries to timely deliver the Collateral in accordance with
Section 9.15(c)(ii) of the Existing Note Purchase Agreement, as described in Annex VII attached hereto; provided that such waiver will remain effective only if the Note Parties deliver to the Collateral Agent the items listed in
Annex VII attached hereto by the dates specified in such Annex VII. 
 The foregoing waivers apply solely to the matters expressly described
herein, and no waiver or modification of any of the other terms, covenants, rights, or remedies under the Existing Note Purchase Agreement, the Existing Notes or any other Financing Agreement is granted or implied herein. The foregoing waivers shall
not obligate the Noteholders to agree to any additional waiver of any provision of the Note Purchase Agreement, the Notes or any other Financing Agreement, nor be deemed to constitute or operate as a waiver of any right under the Note Purchase
Agreement or any other Financing Agreement to exercise remedies resulting from any existing Default or Event of Default of which such Noteholder is not actually aware or of any future Default or Event of Default. 

  
 6 

 SECTION 4. REPRESENTATIONS AND WARRANTIES
OF THE OBLIGORS. 
 To induce the Noteholders to execute and deliver this Amendment (which
representations shall survive the execution and delivery of this Amendment), each Obligor represents and warrants to the Noteholders that: 

(a)    this Amendment has been duly authorized, executed and delivered by it and this Amendment constitutes
the legal, valid and binding obligation, contract and agreement of such Obligor enforceable against it in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws or
equitable principles relating to or limiting creditors’ rights generally; 
 (b)    the Note
Purchase Agreement, as amended by this Amendment, constitutes the legal, valid and binding obligation, contract and agreement of such Obligor enforceable against it in accordance with its terms, except as enforcement may be limited by bankruptcy,
insolvency, reorganization, moratorium or similar laws or equitable principles relating to or limiting creditors’ rights generally; 

(c)    the execution, delivery and performance by such Obligor of this Amendment (i) has been duly
authorized by all requisite corporate action and, if required, shareholder action, (ii) does not require the consent or approval of any governmental or regulatory body or agency, and (iii) will not (A) violate (1) any provision
of law, statute, rule or regulation or its certificate of incorporation or bylaws, (2) any order of any court or any rule, regulation or order of any other agency or government binding upon it, or (3) any provision of any indenture,
agreement or other instrument to which it is a party or by which its properties or assets are or may be bound, including, without limitation, any Credit Agreement, or (B) result in a breach or constitute (alone or with due notice or lapse of
time or both) a default under any indenture, agreement or other instrument referred to in clause (iii)(A)(3) of this Section 4(c); 

(d)    as of the date hereof after giving effect to this Amendment and the Transaction Facilities
Amendments, no Default or Event of Default has occurred which is continuing; 
 (e)    all of the
representations and warranties contained in Section 5 of the Note Purchase Agreement are true and correct in all material respects (in all respects in the case of representations and warranties qualified by materiality, Material Adverse Effect
or similar language in the text thereof) with the same force and effect as if made by such Obligor on and as of the date hereof, except to the extent that such representations and warranties expressly relate solely to an earlier date or due solely
as a result of actions taken by the Obligors in accordance with the covenants set forth in the Note Purchase Agreement; 

  
 7 

 (f)    the Subsidiary Guarantors listed on Annex X hereto
constitute all of the Subsidiary Guarantors as of the date hereof; 
 (g)    the information provided to
the Collateral Agent and the holders of Notes with respect to each Mortgaged Property is true and correct in all material respects; provided that any information with respect to flood due diligence and flood insurance compliance shall be true
and correct in all respects; 
 (h)    the security interests created in favor of the Collateral Agent
for the benefit of the Secured Creditors under the U.S. Security Agreement constitute first priority perfected security interests (subject to Liens permitted by Section 10.6 of the Note Purchase Agreement) in the U.S. Collateral referred to
therein to the extent that the laws of the United States or any State thereof govern the creation and perfection of any such security interests, and (subject to Liens permitted by Section 10.6 of the Note Purchase Agreement) such U.S.
Collateral is subject to no Lien of any other Person. Except for filings and actions contemplated hereby and by the U.S. Security Agreement, no consents, filings or recordings are required under the laws of the United States or any State thereof in
order to perfect, and/or maintain the perfection and priority of, the security interests purported to be created by the U.S. Security Agreement; 

(i)    the security interests created in favor of the Collateral Agent for the benefit of the Secured
Creditors under each Dutch Security Agreement constitute first priority perfected security interests (subject to Liens permitted by Section 10.6 of the Note Purchase Agreement) in the respective Dutch Collateral referred to therein to the
extent that the laws of The Netherlands govern the creation and perfection of any such security interests, and (subject to Liens permitted by Section 10.6 of the Note Purchase Agreement) such Dutch Collateral is subject to no Lien of any other
Person. Except for filings and actions contemplated hereby and by the Dutch Security Agreements, no consents, filings or recordings are required under the laws of The Netherlands in order to perfect, and/or maintain the perfection and priority of,
the security interests purported to be created by any Dutch Security Agreement; 
 (j)    the security
interests created in favor of the Collateral Agent for the benefit of the Secured Creditors under each UK Security Agreement constitute, subject to the filings and actions contemplated in the next sentence below, first priority perfected security
interests (subject to Liens permitted by Section 10.6 of the Note Purchase Agreement) in the respective UK Collateral referred to therein to the extent that the laws of England govern the creation and perfection of any such security interests,
and (subject to Liens permitted by Section 10.6 of the Note Purchase Agreement) such UK Collateral is subject to no Lien of any other Person. Except for filings and actions contemplated hereby and by the UK Security Agreements, no consents,
filings or recordings are required with any court or other authority in England under the laws of England in order to perfect, and/or maintain the perfection and priority of, the security interests purported to be created by any UK Security
Agreement; 

  
 8 

 (k)    no Mortgaged Property is a Flood Hazard Property
unless the Collateral Agent shall have received the following: (a) the applicable Obligor’s written acknowledgment of receipt of written notification from the Collateral Agent (i) as to the fact that such Mortgaged Property is a Flood
Hazard Property, (ii) as to whether the community in which each such Flood Hazard Property is located is participating in the National Flood Insurance Program and (iii) such other flood hazard determination forms, notices and confirmations
thereof as requested by the Collateral Agent and (b) copies of insurance policies or certificates of insurance of the applicable Obligor evidencing flood insurance reasonably satisfactory to the Collateral Agent and naming the Collateral Agent
as loss payee on behalf of the holders of Notes. All flood hazard insurance policies required hereunder have been obtained and remain in full force and effect, and the premiums thereon have been paid in full; 

(l)    the Company has delivered to each of the holders of the Notes true, correct and complete copies of
each of the Transaction Facilities Amendments and the Transaction Facilities Amendments are in full force and effect as of the date hereof; 

(m)    other than (i) the increase in the applicable rate of interest on the loans and notes under the
Transaction Facilities as contemplated by this Amendment and the respective Transaction Facilities Amendments and (ii) the fees payable by the Company pursuant to this Amendment, the respective Transaction Facilities Amendments and that certain
separate fee letter dated as of the date hereof by and between the Obligors, Bank of America, N.A, as Administrative Agent, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, no fees or other consideration have been paid, are payable
or will be paid, directly or indirectly, by the Obligors to any Person party to the any of the Transaction Facilities (or any agent for any of the foregoing), as an inducement to such Person’s execution and delivery of this Amendment, any of
the Transaction Facilities Amendments or any related amendment to any other loan agreement, note purchase agreement, indenture or other agreement evidencing any other Indebtedness of the Obligors; and 

(n)    Except as, individually or in the aggregate, would not reasonably be expected to have a Material
Adverse Effect (i) there are no strikes, lockouts or slowdowns against the Parent Guarantor or any of its Subsidiaries pending or, to the knowledge of the Parent Guarantor or any of its Subsidiaries, threatened and (ii) the hours worked by
and payments made to employees of the Parent Guarantor and its Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable Requirements of Law dealing with such matters. 

SECTION 5. EFFECTIVENESS; CONDITIONS PRECEDENT AND CONDITION
SUBSEQUENT. 
 This Amendment and the amendments and waivers to the Existing Note Purchase Agreement provided in
Sections 2 and 3 hereof shall be effective as of the date first written above (the “Seventh Amendment Effective Date”) upon the satisfaction of the following conditions precedent: 

(a)    executed counterparts of this Amendment, duly executed and delivered by the Obligors, the Required
Holders and the Subsidiary Guarantors, shall have been delivered to the Noteholders; 

  
 9 

 (b)    the representations and warranties of the Obligors set
forth in Section 4 hereof are true and correct on and with respect to the date hereof; 

(c)    the Noteholders shall have received a copy of an amendment to each outstanding Transaction Facility,
in each case, in the form previously provided to them and otherwise in form and substance reasonably satisfactory to the Noteholders (collectively, the “Transaction Facilities Amendments”); 

(d)    the Noteholders shall have received fully executed copies of the Dutch Security Instruments and the
UK Security Instruments, each in form and substance reasonably satisfactory to the Noteholders, and the applicable Note Parties shall have taken all such actions and executed and delivered, or caused to be executed and delivered, all such other
documents, instruments, agreements, opinions and certificates as may be necessary in order to create in favor of the Collateral Agent, for the benefit of the Noteholders, a valid, perfected first priority Lien (subject only to Liens permitted under
this Agreement and subject further to the Agreed Collateral Principles) in all of the Collateral granted under each of the Dutch Security Instruments and the UK Security Instruments; 

(e)    the Noteholders shall have received a favorable legal opinion in form and substance satisfactory to
each such Noteholder from each of (i) K&L Gates LLP, as special New York counsel to the Note Parties, (ii) Van Campen Liem, as special Dutch counsel to the Note Parties, and (iii) the general counsel of the Company, each dated as
of the Seventh Amendment Effective Date and covering such matters incident to the transactions contemplated hereby as the Noteholders may reasonably request (and the Note Parties hereby instruct their counsel to deliver such opinions to the
Noteholders on the Seventh Amendment Effective Date); 
 (f)    Noteholders shall have received an
addendum to that certain engagement letter, dated May 18, 2017, between the Company and FTI Consulting, Inc., in form and substance satisfactory to the Required Holders, providing, among other things, for a strategic review of the Parent
Guarantor and its Subsidiaries and their business in light of the potential Tech Business Sale, with a focus on alternative deleveraging strategies and detailed implementation of same; 

(g)    the Company shall have paid to each Noteholder a
non-refundable amendment fee in an amount equal to 0.50% (50 basis points) of the outstanding principal amount of the Notes held by such Noteholder by federal funds wire transfer in immediately available funds
according to the wiring instructions as set forth in Schedule A to the Existing Note Purchase Agreement or such other wiring instructions as such Noteholder shall have provided in writing; 

  
 10 

 (h)    (i) the Obligors shall have paid to (A) Evercore
Group L.L.C. and RPA Advisors, LLC, in their capacities as Financial Advisors to the Noteholders, an amendment fee in the amount required under their respective engagement letters (such fee to paid allocated equally between such Financial Advisors)
and separate retainers each in the amount previously requested by such Financial Advisors and (iii) to Morgan, Lewis & Bockius LLP, in its capacity as counsel to the Noteholders, a retainer in the amount previously requested by such
counsel; 
 (i)    the Obligors shall have paid all fees and expenses of Morgan, Lewis & Bockius
LLP, Evercore Group L.L.C. and RPA Advisors, LLC for which invoices have been presented at least two days prior to the effectiveness hereof (without prejudice to the Obligors’ obligations to pay the amounts set forth in clause (h) above
and any additional fees and expenses attributable to such work and which was not included in such invoice); and 

(j)    the Noteholders shall have received a copy of the resolutions of the board of directors of each
Obligor authorizing the transactions contemplated by this Amendment. 
 For purposes of determining compliance with the conditions set forth in this
Section 5, each Noteholder that has signed this Amendment shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or
satisfactory to such Noteholder unless the Obligors shall have received notice from such Noteholder prior to the date hereof specifying its objection thereto. 

SECTION 6. RELEASE. 

In consideration of the agreements of the Noteholders contained herein and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, each of the Obligors and the Subsidiary Guarantors and their respective successors, assigns, and other legal representatives (collectively, the “Releasors”), hereby absolutely,
unconditionally and irrevocably releases, remises and forever discharges the Noteholders and the Collateral Agent, and their respective successors and assigns, and their respective present and former shareholders, affiliates, subsidiaries,
divisions, predecessors, directors, officers, attorneys, advisors, employees, agents and other representatives (the Noteholders, the Collateral Agent and all such other Persons being hereinafter referred to collectively as the
“Releasees” and individually as a “Releasee”), of and from all demands, actions, causes of action, suits, disputes, controversies, sums of money, accounts, bills, reckonings, damages and any and all other claims,
counterclaims, defenses, rights of set-off, demands and liabilities whatsoever (individually, a “Claim” and collectively, “Claims”) of every name and nature, known or unknown,
suspected or unsuspected, both at law and in equity, which any of the Releasors may now or hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever
which arises at any time on or prior to the date and effectiveness of this Amendment, for or on account of, or in relation to, or in any way in connection with the Existing Note Purchase Agreement, the Existing Notes or any of the other Financing
Agreements or transactions thereunder or related thereto. 

  
 11 

 Each of the Obligors and the Subsidiary Guarantors understands, acknowledges and agrees that the
release set forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such
release. 
 Each of the Obligors and the Subsidiary Guarantors agrees that no fact, event, circumstance, evidence or transaction which could
now be asserted, whether known or unknown, shall affect in any manner the final, absolute and unconditional nature of the release set forth above. 

SECTION 7. CONFIRMATION AND REAFFIRMATION OF SUBSIDIARY
GUARANTEE AGREEMENT. 
 Each Subsidiary Guarantor hereby agrees, acknowledges and affirms that (i) it is a
“Guarantor” for all purposes under, and as defined in, the Subsidiary Guarantee to which it is a party, (ii) its obligations and liabilities under such Subsidiary Guarantee continue to be in full force and effect, (iii) such
obligations and liabilities extend to, and the “Guaranteed Obligations” under, and as defined in, such Subsidiary Guarantee shall include, the obligations and liabilities of the Obligors under, and in respect of, the Note Purchase
Agreement, the Notes and the other Financing Agreements (in each case, as modified by this Amendment), and (iv) it has no defense, offset, counterclaim, right of recoupment or independent claim against the Noteholders with respect to such
Subsidiary Guarantee, the Note Purchase Agreement, the Notes, any other Financing Agreement or otherwise. 

SECTION 8.    MISCELLANEOUS. 

(a)    The Obligors covenant and agree to promptly, and in any event within the time allotted to the Obligors pursuant to
Annex VIII, deliver, or cause to be delivered, to the Noteholders or the Collateral Agent, as applicable, each of the agreements, instruments and other documents (each in form and substance reasonably acceptable to the Required Holders or
Collateral Agent, as applicable) set forth on Annex VIII, or otherwise satisfy, those items set forth on Annex VIII.  

(b)    This Amendment shall be construed in connection with and as part of the Note Purchase Agreement and the Notes, and
except as modified and expressly amended by this Amendment, all terms, conditions and covenants contained in the Existing Note Purchase Agreement and the Existing Notes are hereby ratified and shall be and remain in full force and effect. 

(c)    Each of the Parent Guarantor and the Subsidiary Guarantors (i) acknowledges and consents to all of the terms
and conditions of this Amendment, (ii) affirms all of its obligations under the Parent Guarantee and its Subsidiary Guarantee, as applicable, and (iii) agrees that this Amendment and all documents delivered in connection herewith do not
operate to reduce or discharge its obligations under the Existing Note Purchase Agreement (including, without limitation, the Parent Guarantee) or its Subsidiary Guarantee. 

  
 12 

 (d)    Any and all notices, requests, certificates and other instruments
executed and delivered after the execution and delivery of this Amendment may refer to the Note Purchase Agreement without making specific reference to this Amendment but nevertheless all such references shall include this Amendment unless the
context otherwise requires. 
 (e)    The descriptive headings of the various Sections or parts of this Amendment are
for convenience only and shall not affect the meaning or construction of any of the provisions hereof. 
 (f)    This
Amendment shall be governed by and construed in accordance with New York law and shall be further subject to the provisions of Section 24.7 and Section 24.8 of the Note Purchase Agreement. 

(g)    Should any one or more of the provisions of this Amendment be determined to be illegal or unenforceable as to one
or more of the parties hereto, all other provisions nevertheless shall remain effective and binding on the parties hereto. 

(h)    Neither the execution and delivery of this Amendment nor the consummation of any other transaction contemplated
hereunder is intended to constitute a novation of the Existing Note Purchase Agreement, the Existing Notes or any of the other Financing Agreements or any obligations thereunder. 

(i)    This Amendment may be executed in any number of counterparts, each of which shall be deemed an original as against
any party whose signature appears thereon, and all of which shall together constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by telecopy or other electronic means (including .pdf) shall
be effective as delivery of a manually executed counterpart of this Amendment. 
 [Signature pages follow.] 

  
 13 

 IN WITNESS WHEREOF, the undersigned has duly executed this Amendment as of the date first written above.

 CHICAGO BRIDGE & IRON COMPANY N.V., as the Parent Guarantor 

By: CHICAGO BRIDGE & IRON COMPANY B.V., as its Managing Director 
  

			
	By:	 	 /s/ Michael S. Taff

	Name:	 	Michael S. Taff
	Title:	 	Authorized Signatory

  
 [Signature page to
Seventh Amendment to 2012 Note Purchase Agreement] 

 CHICAGO BRIDGE & IRON COMPANY, a Delaware corporation 

 

			
	By:	 	 /s/ Michael S. Taff

	Name:	 	Michael S. Taff
	Title:	 	Authorized Signatory

 CHICAGO BRIDGE & IRON COMPANY (DELAWARE) 

 

			
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer
	  
 CB&I TYLER COMPANY

 

	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer
	  
 CB&I LLC

	By:	 	CB&I HoldCo, LLC, its Sole Member
		
	By:	 	 /s/ Regina N. Hamilton

	Name:	 	Regina N. Hamilton
	Title:	 	Secretary

 CHICAGO BRIDGE & IRON COMPANY, an Illinois corporation 

 

			
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer

  

			
	 A & B BUILDERS, LTD.
  

	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer

  
 [Signature page to
Seventh Amendment to 2012 Note Purchase Agreement] 

			
	ASIA PACIFIC SUPPLY CO.
		
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer

  

			
	CBI AMERICAS LTD.
		
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer
	  
 CSA TRADING COMPANY LTD.

		
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer
	  
 CB&I WOODLANDS LLC

		
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer
	  
 CBI COMPANY LTD.

		
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer
	  
 CENTRAL TRADING COMPANY LTD.

		
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer

 CONSTRUCTORS INTERNATIONAL, L.L.C. 
  

			
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer

  
 [Signature page to
Seventh Amendment to 2012 Note Purchase Agreement] 

			
	HBI HOLDINGS, LLC
		
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer

 HOWE-BAKER INTERNATIONAL, L.L.C. 
  

			
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer
	
	HOWE-BAKER ENGINEERS, LTD.
		
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer
	
	HOWE-BAKER HOLDINGS, L.L.C.
		
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer
	
	HOWE-BAKER MANAGEMENT, L.L.C.
		
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer

 HOWE-BAKER INTERNATIONAL MANAGEMENT, LLC 
  

			
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer

 MATRIX ENGINEERING, LTD. 
  

			
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer

  
 [Signature page to
Seventh Amendment to 2012 Note Purchase Agreement] 

 MATRIX MANAGEMENT SERVICES, LLC 
  

			
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer
	
	OCEANIC CONTRACTORS, INC.
		
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer
	
	CBI VENEZOLANA, S.A.
		
	By:	 	 /s/ Rui Orlando Gomes

	Name:	 	Rui Orlando Gomes
	Title:	 	Treasurer
	
	CBI MONTAJES DE CHILE LIMITADA
		
	By:	 	 /s/ Rui Orlando Gomes

	Name:	 	Rui Orlando Gomes
	Title:	 	Director/Legal Representative
	
	CB&I EUROPE B.V.
		
	By:	 	 /s/ Raymond Buckley

	Name:	 	Raymond Buckley
	Title:	 	Director
	
	CBI EASTERN ANSTALT
		
	By:	 	 /s/ Raymond Buckley

	Name:	 	Raymond Buckley
	Title:	 	Director

 CB&I POWER COMPANY B.V. 

(f/k/a CMP HOLDINGS B.V.) 
  

			
	By:	 	 /s/ Raymond Buckley

	Name:	 	Raymond Buckley
	Title:	 	Director

  
 [Signature page to
Seventh Amendment to 2012 Note Purchase Agreement] 

			
	CBI CONSTRUCTORS PTY LTD
		
	By:	 	 /s/ Ian Michael Bendesh

	Name:	 	Ian Michael Bendesh
	Title:	 	Director

 CBI ENGINEERING AND CONSTRUCTION 

			
	CONSULTANT (SHANGHAI) CO. LTD.
		
	By:	 	 /s/ Raymond Buckley

	Name:	 	Raymond Buckley
	Title:	 	Chairman
	
	CBI (PHILIPPINES), INC.
		
	By:	 	 /s/ Tom Anderson

	Name:	 	Tom Anderson
	Title:	 	President
	
	CBI OVERSEAS, LLC
		
	By:	 	 /s/ Regina N. Hamilton

	Name:	 	Regina N. Hamilton
	Title:	 	Secretary

  

			
	CB&I CONSTRUCTORS LIMITED
		
	By:	 	 /s/ Duncan Wigney

	Name:	 	Duncan Wigney
	Title:	 	Director
	
	CB&I HOLDINGS (U.K.) LIMITED
		
	By:	 	 /s/ Duncan Wigney

	Name:	 	Duncan Wigney
	Title:	 	Director
	
	CB&I UK LIMITED
		
	By:	 	 /s/ Duncan Wigney

	Name:	 	Duncan Wigney
	Title:	 	Director

  
 [Signature page to
Seventh Amendment to 2012 Note Purchase Agreement] 

			
	
	CB&I MALTA LIMITED
		
	By:	 	 /s/ Duncan Wigney

	Name:	 	Duncan Wigney
	Title:	 	Director
	
	LUTECH RESOURCES LIMITED
		
	By:	 	 /s/ Jonathan Stephenson

	Name:	 	Jonathan Stephenson
	Title:	 	Secretary
	
	NETHERLANDS OPERATING COMPANY B.V.
		
	By:	 	 /s/ H. M. Koese

	Name:	 	H. M. Koese
	Title:	 	Director
	
	CBI NEDERLAND B.V.
		
	By:	 	 /s/ Ashok Joshi

	Name:	 	Ashok Joshi
	Title:	 	Director

 ARABIAN GULF MATERIAL SUPPLY COMPANY, LTD. 
  

			
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Director

 PACIFIC RIM MATERIAL SUPPLY COMPANY, LTD. 
  

			
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Director

 SOUTHERN TROPIC MATERIAL SUPPLY COMPANY, LTD. 

 

			
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Director

  
 [Signature page to
Seventh Amendment to 2012 Note Purchase Agreement] 

 CHICAGO BRIDGE & IRON (ANTILLES) N.V. 

 

			
	By:	 	 /s/ Michael S. Taff

	Name:	 	Michael S. Taff
	Title:	 	Managing Director

 LUMMUS TECHNOLOGY HEAT TRANSFER B.V. 
  

			
	By:	 	 /s/ John R. Albanese, Jr.

	Name:	 	John R. Albanese, Jr.
	Title:	 	Director
	
	LEALAND FINANCE COMPANY B.V.
		
	By:	 	 /s/ Michael S. Taff

	Name:	 	Michael S. Taff
	Title:	 	Managing Director
	
	CB&I FINANCE COMPANY LIMITED
		
	By:	 	 /s/ Jan Broekman

	Name:	 	Jan Broekman
	Title:	 	Authorized Signatory
	
	CB&I OIL & GAS EUROPE B.V.
		
	By:	 	 /s/ Michael S. Taff

	Name:	 	Michael S. Taff
	Title:	 	Managing Director
	
	CBI COLOMBIANA S.A.
		
	By:	 	 /s/ Michael S. Taff

	Name:	 	Michael S. Taff
	Title:	 	Director

 CHICAGO BRIDGE & IRON COMPANY B.V. 
  

			
	By:	 	 /s/ Michael S. Taff

	Name:	 	Michael S. Taff
	Title:	 	Managing Director

  
 [Signature page to
Seventh Amendment to 2012 Note Purchase Agreement] 

 CB&I TECHNOLOGY INTERNATIONAL 

CORPORATION (f/k/a LUMMUS 
 INTERNATIONAL CORPORATION)

  

			
	By:	 	 /s/ John R. Albanese, Jr.

	Name:	 	John R. Albanese, Jr.
	Title:	 	Vice President – Finance – Treasurer
	
	 CB&I TECHNOLOGY VENTURES, INC.

	 (f/k/a LUMMUS CATALYST COMPANY LTD.)

		
	By:	 	 /s/ John R. Albanese, Jr.

	Name:	 	John R. Albanese, Jr.
	Title:	 	Vice President & Treasurer
	
	CB&I TECHNOLOGY OVERSEAS CORPORATION (f/k/a LUMMUS OVERSEAS CORPORATION)
		
	By:	 	 /s/ John R. Albanese, Jr.

	Name:	 	John R. Albanese, Jr.
	Title:	 	Vice President & Treasurer
	
	CATALYTIC DISTILLATION TECHNOLOGIES
		
	By:	 	 /s/ John R. Albanese, Jr.

	Name:	 	John R. Albanese, Jr.
	Title:	 	Management Committee Member
	
	CB&I TECHNOLOGY INC. (f/k/a LUMMUS TECHNOLOGY, INC.)
		
	By:	 	 /s/ John R. Albanese, Jr.

	Name:	 	John R. Albanese, Jr.
	Title:	 	CFO & Treasurer
	
	 CBI SERVICES, LLC

	By:	 	CB&I HoldCo, LLC, its Sole Member
		
	By:	 	 /s/ Regina N. Hamilton

	Name:	 	Regina N. Hamilton
	Title:	 	Secretary

  
 [Signature page to
Seventh Amendment to 2012 Note Purchase Agreement] 

 WOODLANDS INTERNATIONAL INSURANCE COMPANY 

 

			
	By:	 	 /s/ Timothy Moran

	Name:	 	Timothy Moran
	Title:	 	Director

 CB&I HUNGARY HOLDING LIMITED LIABILITY COMPANY 

 

			
	By:	 	 /s/ William G. Lamb

	Name:	 	William G. Lamb
	Title:	 	Director

 LUMMUS NOVOLEN TECHNOLOGY GMBH 
  

			
	By:	 	 /s/ Godofredo Follmer

	Name:	 	Godofredo Follmer
	Title:	 	Managing Director
	  
 CB&I LUMMUS
GMBH
  

	By:	 	 /s/ Andreas Schwarzhaupt

	Name:	 	Andreas Schwarzhaupt
	Title:	 	Managing Director
	  
 CB&I
S.R.O.
  

	By:	 	 /s/ Jiri Gregor

	Name:	 	Jiri Gregor
	Title:	 	Managing Director
	  
 CBI PERUANA
S.A.C.
  

	By:	 	 /s/ James E. Bishop

	Name:	 	James E. Bishop
	Title:	 	General Manager
	  
 HORTON CBI,
LIMITED
  

	By:	 	 /s/ Gregory L. Guse

	Name:	 	Gregory L. Guse
	Title:	 	Director

  
 [Signature page to
Seventh Amendment to 2012 Note Purchase Agreement] 

			
	 CB&I (NIGERIA) LIMITED

 

	By:	 	 /s/ Andy Dadosky

	Name:	 	Andy Dadosky
	Title:	 	Director
	  
 CB&I
SINGAPORE PTE LTD.
  

	By:	 	 /s/ Michael S. Taff

	Name:	 	Michael S. Taff
	Title:	 	Director
	  
 CB&I NORTH
CAROLINA, INC.
  

	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Director

 SHAW ALLOY PIPING PRODUCTS, LLC 
  

			
	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Manager
	  
 CB&I WALKER
LA, L.L.C.
  

	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Manager

  
 [Signature page to
Seventh Amendment to 2012 Note Purchase Agreement] 

			
	 CBI OVERSEAS (FAR EAST) INC.

 

	By:	 	 /s/ Joseph Christaldi

	Name:	 	Joseph Christaldi
	Title:	 	Director
	  
 THE SHAW GROUP
INC.
  

	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer

 LUMMUS GASIFICATION TECHNOLOGY LICENSING COMPANY 

 

			
	By:	 	 /s/ John R. Albanese, Jr.

	Name:	 	John R. Albanese, Jr.
	Title:	 	Director
	  
 CB&I
LAURENS, INC.
  

	By:	 	 /s/ William G. Lamb

	Name:	 	William G. Lamb
	Title:	 	Vice President – Global Tax
	  
 SHAW SSS
FABRICATORS, INC.
  

	By:	 	 /s/ Luciano Reyes

	Name:	 	Luciano Reyes
	Title:	 	Treasurer

 CHICAGO BRIDGE & IRON COMPANY (NETHERLANDS), LLC 

 

			
	By:	 	 /s/ Regina N. Hamilton

	Name:	 	Regina N. Hamilton
	Title:	 	Director

  
 [Signature page to
Seventh Amendment to 2012 Note Purchase Agreement] 

			
	 CBI US HOLDING COMPANY INC.

 

	By:	 	 /s/ Regina N. Hamilton

	Name:	 	Regina N. Hamilton
	Title:	 	Secretary
	  
 CBI HOLDCO TWO
INC.
  

	By:	 	 /s/ Regina N. Hamilton

	Name:	 	Regina N. Hamilton
	Title:	 	Secretary
	  
 CBI COMPANY
BV
  

	By:	 	 /s/ Ashok Joshi

	Name:	 	Ashok Joshi
	Title:	 	Director
	  
 CB&I
HOLDCO, LLC
  

	By:	 	 /s/ Regina N. Hamilton

	Name:	 	Regina N. Hamilton
	Title:	 	Secretary

  
 [Signature page to
Seventh Amendment to 2012 Note Purchase Agreement] 

 
			
	 AMERICAN HOME ASSURANCE
COMPANY

	
	 NEW HAMPSHIRE INSURANCE
COMPANY

	
	 THE INSURANCE COMPANY OF
THE STATE OF PENNSYLVANIA

	
	 COMMERCE AND INDUSTRY
INSURANCE COMPANY

	
	 AIG PROPERTY CASUALTY
COMPANY

	
	 AMERICAN GENERAL LIFE
INSURANCE COMPANY
(SBM TO WESTERN NATIONAL LIFE INSURANCE COMPANY)

	
	 AMERICAN GENERAL LIFE
INSURANCE COMPANY
(SBM TO SUNAMERICA LIFE INSURANCE COMPANY)

	
	 THE UNITED STATES LIFE
INSURANCE COMPANY IN THE CITY OF NEW YORK

	
	 AMERICAN GENERAL LIFE
INSURANCE COMPANY

	
	 THE VARIABLE ANNUITY LIFE
INSURANCE COMPANY

		
	By:	 	AIG Asset Management (U.S.), LLC, as
		 	investment adviser

  

			
	By:	 	 /s/ Marcy Lyons

	Name:	 	Marcy Lyons
	Title:	 	Managing Director

  
 [Signature page to
Seventh Amendment to 2012 Note Purchase Agreement] 

 
			
	 METROPOLITAN LIFE INSURANCE
COMPANY

	
	GENERAL AMERICAN LIFE INSURANCE COMPANY
by Metropolitan Life Insurance Company, its Investment Manager
		
	By:	 	 /s/ John Wills

	Name:	 	John Wills
	Title:	 	Senior Vice President and Managing Director
	
	METLIFE INSURANCE K.K.
by MetLife Investment Advisors, LLC, Its Investment Manager
		
	By:	 	 /s/ John Wills

	Name:	 	John Wills
	Title:	 	Senior Vice President and Managing Director
	
	 AXIS REINSURANCE COMPANY

by MetLife Investment Advisors, LLC, its Investment Manager

	
	 BRIGHTHOUSE LIFE INSURANCE COMPANY

F/K/A METLIFE INSURANCE COMPANY USA

F/K/A METLIFE INSURANCE COMPANY OF CONNECTICUT AND
AS SUCCESSOR BY MERGER TO METLIFE INVESTORS USA INSURANCE COMPANY AND
METLIFE INVESTORS INSURANCE COMPANY
 by MetLife Investment Advisors, LLC, Its
Investment Manager

	
	 BRIGHTHOUSE LIFE INSURANCE COMPANY OF NY
F/K/A
FIRST METLIFE INVESTORS INSURANCE COMPANY
 by MetLife Investment
Advisors, LLC, Its Investment Manager,

		
	By:	 	 /s/ Judith A. Gulotta

	Name:	 	Judith A. Gulotta
	Title:	 	Managing Director

  
 [Signature page to
Seventh Amendment to 2012 Note Purchase Agreement] 

 
					
	SECURITY BENEFIT LIFE INSURANCE COMPANY
	By:	 	Guggenheim Partners Investment
		 	Management, LLC
			
		 	By:	 	 /s/ Kevin Robinson

		 	Name:	 	Kevin Robinson
		 	Title:	 	Attorney-in-Fact
	
	MIDLAND NATIONAL LIFE INSURANCE COMPANY
	By:	 	Guggenheim Partners Investment
		 	Management, LLC
			
		 	By:	 	 /s/ Kevin Robinson

		 	Name:	 	Kevin Robinson
		 	Title:	 	Attorney-in-Fact
	
	HORACE MANN LIFE INSURANCE COMPANY
	By:	 	Guggenheim Partners Investment
		 	Management, LLC
			
		 	By:	 	 /s/ Kevin Robinson

		 	Name:	 	Kevin Robinson
		 	Title:	 	Attorney-in-Fact
	
	NORTH AMERICAN COMPANY FOR LIFE AND HEALTH INSURANCE COMPANY
	By:	 	Guggenheim Partners Investment
		 	Management, LLC
			
		 	By:	 	 /s/ Kevin Robinson

		 	Name:	 	Kevin Robinson
		 	Title:	 	Attorney-in-Fact

  

  
 [Signature page to
Seventh Amendment to 2012 Note Purchase Agreement] 

 
					
	WILTON REINSURANCE COMPANY
	By:	 	Guggenheim Partners Investment
		 	Management, LLC
			
		 	By:	 	 /s/ Kevin Robinson

		 	Name:	 	Kevin Robinson
		 	Title:	 	Attorney-in-Fact
	
	TEXAS LIFE INSURANCE COMPANY
	By:	 	Guggenheim Partners Investment
		 	Management, LLC
			
		 	By:	 	 /s/ Kevin Robinson

		 	Name:	 	Kevin Robinson
		 	Title:	 	Attorney-in-Fact
	
	 WILTON REINSURANCE LIFE COMPANY OF

NEW YORK

	By:	 	Guggenheim Partners Investment
		 	Management, LLC
			
		 	By:	 	 /s/ Kevin Robinson

		 	Name:	 	Kevin Robinson
		 	Title:	 	Attorney-in-Fact
	
	EQUITRUST LIFE INSURANCE COMPANY
	By:	 	Guggenheim Partners Investment
		 	Management, LLC
			
		 	By:	 	 /s/ Kevin Robinson

		 	Name:	 	Kevin Robinson
		 	Title:	 	Attorney-in-Fact

  
 [Signature page to
Seventh Amendment to 2012 Note Purchase Agreement] 

 
					
	 THE LINCOLN NATIONAL LIFE
INSURANCE COMPANY

		
	By:	 	Macquarie Investment Management Advisers, a series of Macquarie Investment Management Business Trust, Attorney in Fact
			
		 	By:	 	 /s/ Karl Spaeth

		 	Name:	 	Karl Spaeth
		 	Title:	 	Vice President
	
	 LINCOLN LIFE & ANNUITY
COMPANY OF NEW YORK

		
	By:	 	Macquarie Investment Management Advisers, a series of Macquarie Investment Management Business Trust, Attorney in Fact
			
		 	By:	 	 /s/ Karl Spaeth

		 	Name:	 	Karl Spaeth
		 	Title:	 	Vice President

  
 [Signature page to
Seventh Amendment to 2012 Note Purchase Agreement] 

 
	
	 UNITED SERVICES AUTOMOBILE
ASSOCIATION

	
	 CATASTROPHE REINSURANCE COMPANY

	
	 USAA CASUALTY INSURANCE COMPANY

	
	 USAA GENERAL INDEMNITY COMPANY

	
	 GARRISON PROPERTY & CASUALTY
INSURANCE COMPANY

	
	 USAA LIFE INSURANCE COMPANY

  

			
	By:	 	 /s/ R. Neal Graves

	Name:	 	R. Neal Graves
	Title:	 	Assistant Vice President

  
 [Signature page to
Seventh Amendment to 2012 Note Purchase Agreement] 

 ANNEX I 

(see attached) 

 Execution Version 

Conformed to Include First Through Seventh Amendments 
  

 
  

CHICAGO BRIDGE & IRON COMPANY (DELAWARE), 

the Company 

CHICAGO BRIDGE & IRON COMPANY N.V., 

as Parent Guarantor 

U.S.$800,000,000 SENIOR NOTES, SERIES A-D,
DUE 2017-2024 
 U.S.$150,000,000 7.15% Senior Notes, Series A, due December 27, 2017 

U.S.$225,000,000 7.57% Senior Notes, Series B, due December 27, 2019 

U.S.$275,000,000 8.15% Senior Notes, Series C, due December 27, 2022 

U.S.$150,000,000 8.30% Senior Notes, Series D, due December 27, 2024 

 
  

NOTE PURCHASE AND GUARANTEE AGREEMENT 

 
  

Dated December 27, 2012 
  

 
  

 TABLE OF CONTENTS 

 

							
	SECTION	 	HEADING	  	PAGE	 
	 SECTION 1.     AUTHORIZATION
OF NOTES
	  	 	1	 
		
	 SECTION 2.     SALE
AND PURCHASE OF NOTES
	  	 	2	 
			
	 Section 2.1.
	 	 Notes
	  	 	2	 
	 Section 2.2.
	 	 Parent Guarantee
	  	 	2	 
	 Section 2.3.
	 	 Subsidiary Guarantees
	  	 	2	 
		
	 SECTION 3.     CLOSING
	  	 	2	 
		
	 SECTION 4.     CONDITIONS
TO CLOSING
	  	 	3	 
			
	 Section 4.1.
	 	 Representations and Warranties
	  	 	3	 
	 Section 4.2.
	 	 Performance; No Default
	  	 	3	 
	 Section 4.3.
	 	 Compliance Certificates
	  	 	3	 
	 Section 4.4.
	 	 Opinions of Counsel
	  	 	4	 
	 Section 4.5.
	 	 Purchase Permitted By Applicable Law, Etc
	  	 	4	 
	 Section 4.6.
	 	 Sale of Other Notes
	  	 	4	 
	 Section 4.7.
	 	 Payment of Special Counsel Fees
	  	 	4	 
	 Section 4.8.
	 	 Private Placement Number
	  	 	5	 
	 Section 4.9.
	 	 Changes in Corporate Structure
	  	 	5	 
	 Section 4.10.
	 	 Funding Instructions
	  	 	5	 
	 Section 4.11.
	 	 Acceptance of Appointment to Receive Service of Process
	  	 	5	 
	 Section 4.12.
	 	 Subsidiary Guarantee
	  	 	5	 
	 Section 4.13.
	 	 Credit Agreement
	  	 	5	 
	 Section 4.14.
	 	 Escrow Agreement
	  	 	5	 
	 Section 4.15.
	 	 Account Control Agreement
	  	 	5	 
	 Section 4.16.
	 	 Proceedings and Documents
	  	 	5	 
		
	 SECTION 5.     REPRESENTATIONS
AND WARRANTIES OF THE OBLIGORS
	  	 	6	 
			
	 Section 5.1.
	 	 Organization; Power and Authority
	  	 	6	 
	 Section 5.2.
	 	 Authorization, Etc
	  	 	6	 
	 Section 5.3.
	 	 Disclosure
	  	 	6	 
	 Section 5.4.
	 	 Organization and Ownership of Shares of Subsidiaries; Affiliates
	  	 	7	 
	 Section 5.5.
	 	 Financial Statements; Material Liabilities
	  	 	7	 
	 Section 5.6.
	 	 Compliance with Laws, Other Instruments, Etc
	  	 	8	 
	 Section 5.7.
	 	 Governmental Authorizations, Etc
	  	 	8	 
	 Section 5.8.
	 	 Litigation; Observance of Agreements, Statutes and Orders
	  	 	8	 
	 Section 5.9.
	 	 Taxes
	  	 	9	 
	 Section 5.10.
	 	 Title to Property; Leases
	  	 	9	 
	 Section 5.11.
	 	 Licenses, Permits, Etc
	  	 	9	 
	 Section 5.12.
	 	 Compliance with ERISA
	  	 	10	 
	 Section 5.13.
	 	 Private Offering
	  	 	11	 

							
	 Section 5.14.
	 	 Use of Proceeds; Margin Regulations
	  	 	11	 
	 Section 5.15.
	 	 Existing Indebtedness; Future Liens
	  	 	12	 
	 Section 5.16.
	 	 Foreign Assets Control Regulations, Etc
	  	 	12	 
	 Section 5.17.
	 	 Status under Certain Statutes
	  	 	13	 
	 Section 5.18.
	 	 Environmental Matters
	  	 	13	 
	 Section 5.19.
	 	 Notes Rank Pari Passu
	  	 	14	 
	 Section 5.20.
	 	 Perfection of Escrowed Closing Proceeds
	  	 	14	 
		
	 SECTION 6.    REPRESENTATIONS
OF THE PURCHASERS
	  	 	14	 
			
	 Section 6.1.
	 	 Purchase for Investment; Accredited Investor
	  	 	14	 
	 Section 6.2.
	 	 Source of Funds
	  	 	14	 
		
	 SECTION 7.    INFORMATION
AS TO COMPANY
	  	 	16	 
			
	 Section 7.1.
	 	 Financial and Business Information
	  	 	16	 
	 Section 7.2.
	 	 Officer’s Certificate
	  	 	21	 
	 Section 7.3.
	 	 Visitation
	  	 	22	 
	 Section 7.4.
	 	 Limitation on Disclosure Obligation
	  	 	23	 
		
	 SECTION 8.    PAYMENT
AND PREPAYMENT OF THE NOTES
	  	 	23	 
			
	 Section 8.1.
	 	 Maturity
	  	 	23	 
	 Section 8.2.
	 	 Optional Prepayments with Make-Whole Amount
	  	 	23	 
	 Section 8.3.
	 	 Allocation of Partial Prepayments
	  	 	24	 
	 Section 8.4.
	 	 Maturity; Surrender, Etc.
	  	 	24	 
	 Section 8.5.
	 	 Purchase of Notes
	  	 	24	 
	 Section 8.6.
	 	 Make-Whole Amount
	  	 	25	 
	 Section 8.7.
	 	 Change of Control
	  	 	26	 
	 Section 8.8.
	 	 Termination of Transaction Agreement or Failure to Consummate the Shaw Acquisition
	  	 	28	 
		
	 SECTION 9.    AFFIRMATIVE
COVENANTS
	  	 	29	 
			
	 Section 9.1.
	 	 Compliance with Law
	  	 	29	 
	 Section 9.2.
	 	 Insurance
	  	 	30	 
	 Section 9.3.
	 	 Maintenance of Properties
	  	 	30	 
	 Section 9.4.
	 	 Payment of Taxes and Claims
	  	 	30	 
	 Section 9.5.
	 	 Corporate Existence, Etc
	  	 	31	 
	 Section 9.6.
	 	 Books and Records
	  	 	31	 
	 Section 9.7.
	 	 Pari Passu Ranking
	  	 	31	 
	 Section 9.8.
	 	 Subsidiary Guarantors
	  	 	31	 
	 Section 9.9.
	 	 Maintenance of Ownership
	  	 	34	 
	 Section 9.10.
	 	 Maintenance of Rating on Notes
	  	 	35	 
	 Section 9.11.
	 	 Most Favored Lender Status
	  	 	35	 
	 Section 9.12.
	 	 Payment of Certain Fees
	  	 	36	 
	 Section 9.13.
	 	 Prepayment in Connection with Capital Services Business Sale
	  	 	36	 
	 Section 9.14.
	 	 Special Mandatory Offers of Prepayment
	  	 	38	 

  
 - ii - 

							
	 Section 9.15.
	 	 Collateral Delivery Obligation
	  	 	40	 
	 Section 9.16.
	 	 Financial Advisor
	  	 	42	 
	 Section 9.17.
	 	 Appraisals
	  	 	43	 
	 Section 9.18.
	 	 Further Assurances
	  	 	43	 
	 Section 9.19.
	 	 Strategic Review
	  	 	43	 
		
	 SECTION 10.    NEGATIVE
COVENANTS
	  	 	44	 
			
	 Section 10.1.
	 	 Transactions with Affiliates
	  	 	44	 
	 Section 10.2.
	 	 Merger, Consolidation, Etc
	  	 	44	 
	 Section 10.3.
	 	 Sales of Assets
	  	 	46	 
	 Section 10.4.
	 	 Line of Business
	  	 	47	 
	 Section 10.5.
	 	 Terrorism Sanctions Regulations
	  	 	47	 
	 Section 10.6.
	 	 Liens
	  	 	48	 
	 Section 10.7.
	 	 Leverage Ratios, Capital Markets Indebtedness
	  	 	50	 
	 Section 10.8.
	 	 Consolidated Net Worth
	  	 	51	 
	 Section 10.9.
	 	 Fixed Charge Coverage Ratio
	  	 	51	 
	 Section 10.10.
	 	 Priority Debt
	  	 	51	 
	 Section 10.11.
	 	 Investments
	  	 	53	 
	 Section 10.12.
	 	 Contingent Obligations
	  	 	54	 
	 Section 10.13.
	 	 Subsidiaries; Acquisitions
	  	 	55	 
	 Section 10.14.
	 	 Sales and Leasebacks
	  	 	55	 
	 Section 10.15.
	 	 Subsidiary Covenants
	  	 	55	 
	 Section 10.16.
	 	 Hedging Obligations
	  	 	56	 
	 Section 10.17.
	 	 Issuance of Disqualified Stock
	  	 	56	 
	 Section 10.18.
	 	 Non-Guarantor Subsidiaries
	  	 	56	 
	 Section 10.19.
	 	 Intercompany Indebtedness
	  	 	56	 
	 Section 10.20.
	 	 Restricted Payments
	  	 	56	 
	 Section 10.21.
	 	 Minimum EBITDA
	  	 	57	 
	 Section 10.22.
	 	 Minimum Availability
	  	 	57	 
		
	 SECTION 11.     EVENTS
OF DEFAULT
	  	 	57	 
		
	 SECTION 12.     REMEDIES
ON DEFAULT, ETC
	  	 	60	 
			
	 Section 12.1.
	 	 Acceleration
	  	 	60	 
	 Section 12.2.
	 	 Other Remedies
	  	 	61	 
	 Section 12.3.
	 	 Rescission
	  	 	61	 
	 Section 12.4.
	 	 No Waivers or Election of Remedies, Expenses, Etc
	  	 	62	 
		
	 SECTION 13.     TAX
INDEMNIFICATION
	  	 	62	 
		
	 SECTION 14.     REGISTRATION;
EXCHANGE; SUBSTITUTION OF NOTES
	  	 	65	 
			
	 Section 14.1.
	 	 Registration of Notes
	  	 	65	 
	 Section 14.2.
	 	 Transfer and Exchange of Notes
	  	 	65	 
	 Section 14.3.
	 	 Replacement of Notes
	  	 	66	 

  
 - iii - 

							
	 SECTION 15.     PAYMENTS
ON NOTES
	  	 	66	 
			
	 Section 15.1.
	 	 Place of Payment
	  	 	66	 
	 Section 15.2.
	 	 Home Office Payment
	  	 	66	 
		
	 SECTION 16.     EXPENSES,
ETC
	  	 	67	 
			
	 Section 16.1.
	 	 Transaction Expenses
	  	 	67	 
	 Section 16.2.
	 	 Survival
	  	 	68	 
		
	 SECTION 17.     SURVIVAL
OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT
	  	 	68	 
		
	 SECTION 18.     AMENDMENT
AND WAIVER
	  	 	68	 
			
	 Section 18.1.
	 	 Requirements
	  	 	68	 
	 Section 18.2.
	 	 Solicitation of Holders of Notes
	  	 	68	 
	 Section 18.3.
	 	 Binding Effect, etc
	  	 	69	 
	 Section 18.4.
	 	 Notes Held by Obligors, etc
	  	 	69	 
		
	SECTION 19.     NOTICES; ENGLISH LANGUAGE	  	 	69	 
		
	SECTION 20.     REPRODUCTION OF DOCUMENTS	  	 	72	 
		
	SECTION 21.     CONFIDENTIAL INFORMATION	  	 	72	 
		
	SECTION 22.     SUBSTITUTION OF PURCHASER	  	 	73	 
		
	SECTION 23.     PARENT GUARANTEE	  	 	74	 
			
	 Section 23.1.
	 	 Guarantee
	  	 	74	 
	 Section 23.2.
	 	 Parent Guarantor’s Obligations Unconditional
	  	 	74	 
	 Section 23.3.
	 	 Full Recourse Obligations
	  	 	80	 
	 Section 23.4.
	 	 Waiver
	  	 	80	 
	 Section 23.5.
	 	 Waiver of Subrogation
	  	 	80	 
	 Section 23.6.
	 	 Subordination
	  	 	81	 
	 Section 23.7.
	 	 Effect of Bankruptcy Proceedings, Etc
	  	 	81	 
	 Section 23.8.
	 	 Term of Guarantee
	  	 	82	 
		
	 SECTION 24.
    MISCELLANEOUS
	  	 	82	 
			
	 Section 24.1.
	 	 Successors and Assigns
	  	 	82	 
	 Section 24.2.
	 	 Payments Due on Non-Business Days
	  	 	82	 
	 Section 24.3.
	 	 Accounting Terms
	  	 	83	 
	 Section 24.4.
	 	 Severability
	  	 	83	 
	 Section 24.5.
	 	 Construction, etc
	  	 	83	 
	 Section 24.6.
	 	 Counterparts
	  	 	83	 
	 Section 24.7.
	 	 Governing Law
	  	 	83	 
	 Section 24.8.
	 	 Jurisdiction and Process; Waiver of Jury Trial
	  	 	84	 
	 Section 24.9.
	 	 Obligation to Make Payment in Dollars
	  	 	85	 
		
	 Signature
	  			

  
 - iv - 

					
	SCHEDULE A	  	—  	  	INFORMATION RELATING TO PURCHASERS
			
	SCHEDULE B	  	—  	  	DEFINED TERMS
			
	SCHEDULE C	  	—  	  	MATERIAL SUBSIDIARIES
			
	SCHEDULE 5.3 	  	—  	  	Disclosure Materials
			
	SCHEDULE 5.4 	  	—  	  	Subsidiaries of the Parent Guarantor and Ownership of Subsidiary Stock; Liens; Restrictive Agreements
			
	SCHEDULE 5.5 	  	—  	  	Financial Statements
			
	SCHEDULE 5.15	  	—  	  	Existing Indebtedness

					
			
	SCHEDULE 10.10(b)	  	—  	  	Permitted Existing Indebtedness
			
	SCHEDULE 10.11(b)	  	—  	  	Permitted Existing Investments
			
	SCHEDULE 10.11(g)	  	—  	  	Permitted Existing J/V Investments

					
			
	SCHEDULE 10.12	  	—  	  	Permitted Existing Contingent Obligations
			
	EXHIBIT 1(a)	  	—  	  	Form of 7.15% Senior Note, Series A, due December 27, 2017
			
	EXHIBIT 1(b)	  	—  	  	Form of 7.57% Senior Note, Series B, due December 27, 2019
			
	EXHIBIT 1(c)	  	—  	  	Form of 8.15% Senior Note, Series C, due December 27, 2022
			
	EXHIBIT 1(d)	  	—  	  	Form of 8.30% Senior Note, Series D, due December 27, 2024
			
	EXHIBIT 2.3 	  	—  	  	Form of Subsidiary Guarantee
			
	EXHIBIT 4.4(a)(i)	  	—  	  	Form of Opinion of Special U.S. Counsel for the Obligors and the Initial Material Subsidiary Guarantors
			
	EXHIBIT 4.4(a)(ii)	  	—  	  	Form of Opinion of Internal Counsel for the Company and the Initial Material Domestic Subsidiary Guarantors
			
	EXHIBIT 4.4(a)(iii)	  	—  	  	Form of Opinion of Special Dutch Counsel for the Parent Guarantor
			
	EXHIBIT 4.4(b)	  	—  	  	Form of Opinion of Special Counsel for the Purchasers
			
	EXHIBIT 4.4(c)	  	—  	  	Form of Opinion of Special Counsel for Escrow Agent

  
 - v - 

 CHICAGO BRIDGE & IRON
COMPANY (DELAWARE) 
 One CB&I Plaza 

2103 Research Forest Drive 

The Woodlands, Texas 77380 

CHICAGO BRIDGE & IRON COMPANY N.V. 

Prinses Beatrixlaan 35 

2596 AK’s Gravenhage 

The Netherlands 
 31-70-3732010 
 U.S.$150,000,000 7.15% Senior Notes,
Series A, due December 27, 2017 
 U.S.$225,000,000 7.57% Senior Notes, Series B, due December 27, 2019 

U.S.$275,000,000 8.15% Senior Notes, Series C, due December 27, 2022 

U.S.$150,000,000 8.30% Senior Notes, Series D, due December 27, 2024 

December 27, 2012 
 TO
EACH OF THE PURCHASERS LISTED IN 

SCHEDULE A HERETO: 

Ladies and Gentlemen: 
 Each of
CHICAGO BRIDGE & IRON COMPANY (DELAWARE), a Delaware corporation (the “Company”) and CHICAGO BRIDGE &
IRON COMPANY N.V., a corporation incorporated under the laws of The Netherlands (the “Parent Guarantor” and, together with the Company, the “Obligors”), hereby agrees with each of the
purchasers whose names appear at the end hereof (each, a “Purchaser” and, collectively, the “Purchasers”) as follows: 

SECTION 1. AUTHORIZATION OF NOTES. 

The Company will authorize the issue and sale of (i) U.S.$150,000,000 aggregate principal amount of its 4.15% Senior Notes, Series A,
due December 27, 2017 (the “Series A Notes”), (ii) U.S.$225,000,000 aggregate principal amount of its 4.57% Senior Notes, Series B, due December 27, 2019 (the
“Series B Notes”); (iii) U.S.$275,000,000 aggregate principal amount of its 5.15% Senior Notes, Series C, due December 27, 2022 (the “Series C Notes”); and
U.S.$150,000,000 aggregate principal amount of its 5.30% Senior Notes, Series D, due December 27, 2024 (the “Series D Notes”). The Series A Notes, Series B Notes, Series C Notes and
Series D Notes are collectively referred to herein as the “Notes”, such term to include any such notes issued in substitution therefor pursuant to Section 14. The Series A Notes, the

 
Series B Notes, the Series C Notes and the Series D Notes shall be substantially in the form set out in Exhibit 1(a), Exhibit 1(b), Exhibit 1(c) and Exhibit 1(d),
respectively. Certain capitalized and other terms used in this Agreement are defined in Schedule B; and references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this
Agreement. 
 SECTION 2. SALE AND PURCHASE OF NOTES.

 Section 2.1.    Notes. Subject to the terms and conditions
of this Agreement, the Company will issue and sell to each Purchaser and each Purchaser will purchase from the Company, at the Closing provided for in Section 3, Notes in the principal amount and series specified opposite such Purchaser’s
name in Schedule A at the purchase price of 100% of the principal amount thereof. The Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser hereunder. 

Section 2.2.    Parent Guarantee. The payment by the Company of its
obligations hereunder and under the Notes are unconditionally guaranteed by the Parent Guarantor pursuant and subject to the terms of the Parent Guarantee contained in Section 23 hereof. 

Section 2.3.    Subsidiary Guarantees. The payment by the Company of all amounts
due on the Notes and all of its other payment obligations under this Agreement may from time to time be absolutely and unconditionally guaranteed by the Subsidiary Guarantors pursuant to and subject to the terms of the Subsidiary Guarantee of each
Subsidiary Guarantor, which shall be substantially in the form of Exhibit 2.3 attached hereto (as amended, modified or supplemented from time to time, each a “Subsidiary Guarantee,” and collectively, the
“Subsidiary Guarantees”), and otherwise in accordance with the provisions of Section 9.8 hereof. 

SECTION 3. CLOSING. 

The sale and purchase of the Notes to be purchased by each Purchaser shall occur at the offices of Chapman and Cutler LLP, 111 West Monroe
St., Chicago, Illinois 60603, at 10:00 a.m. Central time, at a closing (the “Closing”) on December 28, 2012. At the Closing, the Company will deliver to each Purchaser or its special counsel the Notes to be purchased by
such Purchaser in the form of a single series of Note (or such greater number of such series of Notes in denominations of at least U.S.$100,000 as such Purchaser may request) dated the date of the Closing and registered in such Purchaser’s name
(or in the name of its nominee), against delivery by such Purchaser’s payment to the Escrow Agent, for the account of the Company, of immediately available funds in the amount of the purchase price therefor by wire transfer of immediately
available funds for the Account Name: CSS LLC AAF Client Escrow Funding, ABA# 043-000-261, Account# 1361879, Ref: CB&I Escrow at BNY Mellon, N.A., 500 Ross Street,
Pittsburgh, PA 15262-0001, such funds to be held at The Bank of New York Mellon, N.A. and otherwise administered by the Escrow Agent pursuant to the Escrow Agreement. For the avoidance of doubt, interest shall accrue on each Note of a Purchaser from
the date that the Escrow Agent receives immediately available funds by wire transfer as provided above in the full amount of the purchase price of such Note; provided that no interest shall accrue on any

  
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Note prior to the date of the Closing. If at the Closing the Company shall fail to tender such Notes to any Purchaser (or its special counsel) as provided above in this Section 3, or any of
the conditions specified in Section 4 shall not have been fulfilled to such Purchaser’s reasonable satisfaction (or, in such Purchaser’s sole discretion, waived), such Purchaser shall, at its election, be relieved of all further
obligations under this Agreement, without thereby waiving any rights such Purchaser may have by reason of such failure or such nonfulfillment. For purposes of this Agreement, the phrases “special counsel to each Purchaser,” “Purchaser
or its special counsel,” “special counsel to the Purchasers” or words of similar import mean (i) through the Sixth Amendment Effective Date, Chapman and Cutler LLP and (ii) thereafter, Morgan Lewis & Bockius LLP.

 SECTION 4. CONDITIONS TO CLOSING. 

Each Purchaser’s obligation to purchase and pay for the Notes to be sold to such Purchaser at the Closing is subject to the fulfillment to
such Purchaser’s reasonable satisfaction (or, in such Purchaser’s sole discretion, waived), prior to or at the Closing, of the following conditions: 

Section 4.1.    Representations and Warranties. The representations
and warranties of each Obligor in the Financing Agreements to which it is a party and of each Initial Subsidiary Guarantor in its Subsidiary Guarantee shall be correct when made and at the time of the Closing. 

Section 4.2.    Performance; No Default. Each Obligor and
each Initial Subsidiary Guarantor shall have performed and complied with all agreements and conditions contained in the Financing Agreements and the Subsidiary Guarantee required to be performed or complied with by it prior to or at the Closing and
immediately after giving effect to the issue and sale of the Notes (and the deposit of the proceeds thereof into escrow as contemplated by Section 5.14 to be made at Closing) no Default or Event of Default shall have occurred and be continuing.
Neither Obligor nor any Subsidiary shall have entered into any transaction since the date of the Memorandum that would have been prohibited by Section 10 had such Section applied since such date. 

Section 4.3.    Compliance Certificates. 

(a)    Officer’s Certificate. Each Obligor and each Initial Material Subsidiary Guarantor specifically
identified (without duplication) in clauses (A)(1) - (6) and (B)(1) - (4) in the definition of “Initial Material Subsidiary Guarantor” shall have delivered to such Purchaser an Officer’s Certificate, dated the date of the Closing,
certifying that the conditions specified in Sections 4.1, 4.2 and 4.9 have been fulfilled. 
 (b)    Secretary’s
Certificate. Each Obligor and each Initial Material Subsidiary Guarantor specifically identified (without duplication) in clauses (A)(1) - (6) and (B)(1) - (4) in the definition of “Initial Material Subsidiary Guarantor” shall have
delivered to such Purchaser a certificate of its Secretary or Assistant Secretary or authorized representative, dated the date of Closing, certifying as to the resolutions attached thereto and other corporate proceedings relating to the
authorization, execution and delivery of the Notes (in the case of the Company), the other Financing Agreements to which it is a party and the Subsidiary Guarantee (in the case of such Initial Material Subsidiary Guarantors). 

  
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 Section 4.4.    Opinions of
Counsel. Such Purchaser shall have received opinions in form and substance reasonably satisfactory to such Purchaser, dated the date of the Closing (a) from (i) Fulbright & Jaworski L.L.P., U.S. counsel for the Obligors and
the Initial Material Subsidiary Guarantors specifically identified (without duplication) in clauses (A)(1) - (6) and (B)(1) - (4) in the definition of “Initial Material Subsidiary Guarantor”, covering the matters set forth in
Exhibit 4.4(a)(i), (ii) from Internal Counsel for the Company and the Initial Material Domestic Subsidiary Guarantors, covering the matters set forth in Exhibit 4.4(a)(ii) and (iii) from Van Campen Liem, Dutch counsel to the
Parent Guarantor, covering the matters set forth in Exhibit 4.4(a)(iii), and in each case, covering such other matters incident to the transactions contemplated hereby as such Purchaser or its special counsel may reasonably request (and the
Obligors hereby instruct their respective counsel to deliver such opinion to the Purchasers), (b) from Chapman and Cutler LLP, the Purchasers’ special counsel in connection with such transactions, substantially in the form set forth in
Exhibit 4.4(c) and covering such other matters incident to such transactions as such Purchaser may reasonably request, and (c) from counsel to the Escrow Agent in form and substance reasonably satisfactory to such Purchaser and its special
counsel. 
 Section 4.5.    Purchase Permitted By Applicable Law,
Etc. On the date of the Closing such Purchaser’s purchase of Notes shall (a) be permitted by the laws and regulations of each jurisdiction to which such Purchaser is subject, without recourse to provisions (such as
section 1405(a)(8) of the New York Insurance Law) permitting limited investments by insurance companies without restriction as to the character of the particular investment, (b) not violate any applicable law or regulation (including,
without limitation, Regulation T, U or X of the Board of Governors of the Federal Reserve System) and (c) not subject such Purchaser to any tax, penalty or liability under or pursuant to any applicable law or regulation, which laws or
regulations referred to in each of the preceding clauses (a) through (c) were not in effect on the date hereof. If requested by such Purchaser, such Purchaser shall have received an Officer’s Certificate certifying as to such matters of
fact as such Purchaser may reasonably specify, and which are known by the Person from whom the Officer’s Certificate is being requested to be, as requested by such Purchaser, correct, to enable such Purchaser to determine whether such purchase
is so permitted. 
 Section 4.6.    Sale of Other Notes.
Contemporaneously with the Closing, the Company shall sell to each other Purchaser and each other Purchaser shall purchase the Notes to be purchased by it at the Closing as specified in Schedule A. 

Section 4.7.    Payment of Special Counsel Fees. Without limiting
the provisions of Section 16.1, the Company shall have paid on or before the date of Closing the fees, charges and disbursements of the Purchasers’ special counsel referred to in Section 4.4 to the extent reflected in a
reasonably-detailed statement of such counsel rendered to the Company at least one Business Day prior to the date of Closing. 

  
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 Section 4.8.    Private
Placement Number. A Private Placement Number issued by Standard & Poor’s CUSIP Service Bureau (in cooperation with the SVO) shall have been obtained for each series of the Notes. 

Section 4.9.    Changes in Corporate Structure. None of the Obligors
nor any Initial Subsidiary Guarantor shall have changed its jurisdiction of incorporation or organization, as applicable, or been a party to any merger or consolidation or succeeded to all or any substantial part of the liabilities of any other
entity, at any time following the date of the most recent financial statements referred to in Schedule 5.5 and through and including the date of Closing, other than as permitted under Section 10.2 hereof. 

Section 4.10.    Funding Instructions. At least three Business Days
prior to the date of the Closing, each Purchaser shall have received written instructions signed by a Responsible Officer on letterhead of the Company confirming the information specified in Section 3 including (i) the name and address of
the Escrow Agent, (ii) the ABA number and (iii) the account name and number into which the purchase price for the Notes is to be deposited. 

Section 4.11.    Acceptance of Appointment to Receive Service of
Process. Such Purchaser shall have received evidence of the acceptance of CT Corporation System of the appointment and designation provided for by Section 24.8 for the period from the date of the Closing to one year plus date of final
maturity (and payment in full of all fees, if any, in respect thereof). 

Section 4.12.    Subsidiary Guarantee. The Initial Subsidiary
Guarantors shall have duly authorized, executed and delivered the Subsidiary Guarantee and such Purchaser shall have received a copy thereof. 

Section 4.13.    Credit Agreement. The Obligors shall have provided
to the Purchasers a true, correct and complete copy of each Credit Agreement (other than the Bridge Facility), and each such Credit Agreement shall be in full force and effect. 

Section 4.14.    Escrow Agreement. The Escrow Agreement shall be
duly executed and delivered in form and substance reasonably acceptable to such Purchaser and its special counsel, and such Escrow Agreement shall constitute the legal, valid and binding contract and agreement of each of the parties thereto. 

Section 4.15.    Account Control Agreement. Each Account Control Agreement shall
be duly executed and delivered in form and substance acceptable to such Purchaser and its special counsel, and such Account Control Agreement shall constitute the legal, valid and binding contract and agreement of each of the parties thereto. 

Section 4.16.    Proceedings and Documents. All corporate and other
proceedings in connection with the transactions contemplated by the Financing Agreements and all documents and instruments incident to such transactions shall be reasonably satisfactory to such Purchaser and its special counsel, and such Purchaser
and its special counsel shall have received all such counterpart originals or certified or other copies of such documents as such Purchaser or such 

  
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special counsel may reasonably request. Delivery of all Notes, agreements, certificates, opinions and other documents and instruments referred to in this Section 4 (other than, for the
avoidance of doubt, the funding instructions referred to in Section 4.10), shall be deemed delivered to each Purchaser if delivered to its special counsel or, if the Company receives written notice and reasonably detailed instructions at least
five (5) Business Days prior to the Closing, to the Person and at the address specified in such notice and instruction. 

SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE
OBLIGORS. 
 Each Obligor jointly and severally represents and warrants to each Purchaser that, as of the date of the
Closing: 
 Section 5.1.    Organization; Power and Authority.
Each Obligor is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, and is duly qualified as a foreign corporation and is in good standing in each other jurisdiction in which such
qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each Obligor has
the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver each Financing Agreement to which it is a
party (including in the case of the Company, the Notes) and to perform its obligations pursuant to the provisions hereof and thereof. 

Section 5.2.    Authorization, Etc. Each Financing Agreement to
which an Obligor is a party (including in the case of the Company, the Notes) has been duly authorized by all necessary corporate action on the part of such Obligor, and each Financing Agreement to which an Obligor is a party constitutes a legal,
valid and binding obligation of such Obligor enforceable against such Obligor in accordance with its terms, except as such enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer
and fraudulent conveyance laws or other similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at
law). 
 Section 5.3.    Disclosure. The Obligors, through their
agents, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Credit Agricole Corporate and Investment Bank, have delivered to each Purchaser a copy of a Private Placement Memorandum, dated September 2012 (the
“Memorandum”), relating to the transactions contemplated hereby. The Memorandum fairly describes, in all material respects, the general nature of the business and principal properties of the Obligors and their
respective Subsidiaries. The Financing Agreements, the Memorandum and the documents, certificates or other writings delivered to the Purchasers by or on behalf of the Obligors in connection with the transactions contemplated hereby and identified in
Schedule 5.3, and the financial statements listed in Schedule 5.5 (the Financing Agreements, the Memorandum and such documents, certificates or other writings and such financial statements delivered to each Purchaser prior to
October 12, 2012 being referred to, collectively, as the “Disclosure Documents”), taken as a whole, do not contain any untrue statement of a material fact or omit to state any material fact necessary to make the
statements therein not 

  
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misleading in light of the circumstances under which they were made. Except as disclosed in the Disclosure Documents, since December 31, 2011, there has been no change in the financial
condition, operations, business or properties of the Obligors or any Subsidiary except changes that individually or in the aggregate could not reasonably be expected to have a Material Adverse Effect. There is no fact known by any Obligor that would
reasonably be expected to have a Material Adverse Effect that has not been set forth herein or in the Disclosure Documents. 

Section 5.4.    Organization and Ownership of Shares of Subsidiaries;
Affiliates. (a) Schedule 5.4 contains (except as noted therein) complete and correct lists (i) of the Parent Guarantor’s Subsidiaries (including the Company), showing, as to each Subsidiary, the correct name thereof, the
jurisdiction of its organization, and the percentage of shares of each class of its capital stock or similar equity interests outstanding owned by the Parent Guarantor and each other Subsidiary, and (ii) of each Person known by the Obligors as
the Obligor’s Affiliates, other than Subsidiaries. 
 (b)    All of the outstanding shares of capital stock or
similar equity interests of each Subsidiary shown in Schedule 5.4 as being owned by the Obligors and their Subsidiaries have been validly issued, are fully paid and nonassessable and are owned by the Obligors or another Subsidiary free and clear of
any Lien (except as otherwise disclosed in Schedule 5.4). 
 (c)    Each Subsidiary identified in Schedule 5.4 is a
corporation or other legal entity duly organized, validly existing and, where legally applicable, in good standing under the laws of its jurisdiction of organization, and is duly qualified as a foreign corporation or other legal entity and, where
legally applicable, is in good standing in each other jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing would not, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect. Each such Subsidiary has the corporate or other power and authority to own or hold under lease the properties it purports to own or hold under lease and to transact the business it
transacts and proposes to transact. 
 (d)    No Subsidiary is a party to, or otherwise subject to any legal,
regulatory, contractual or other restriction (other than any Financing Agreement, the agreements listed in Schedule 5.4 and customary limitations imposed by corporate law or similar statutes) restricting the ability of such Subsidiary to pay
dividends out of profits or make any other similar distributions of profits to the Parent Guarantor or any of its Subsidiaries that owns outstanding shares of capital stock or similar equity interests of such Subsidiary. 

Section 5.5.    Financial Statements; Material Liabilities. The
Obligors have delivered to each Purchaser copies of the financial statements of the Parent Guarantor and its Subsidiaries listed in Schedule 5.5. All of said financial statements (including in each case the related schedules and notes) fairly
present in all material respects the consolidated financial position of the Parent Guarantor and its Subsidiaries as of the respective dates specified in such Schedule and the consolidated results of their operations and cash flows for the
respective periods so specified and have been prepared in accordance with GAAP consistently applied throughout the periods involved except as set forth in the notes thereto (subject, in the case of any interim financial statements, to normal year-end adjustments). The Parent Guarantor and its Subsidiaries do not have any Material liabilities that are not disclosed on such financial statements or otherwise disclosed in the Disclosure Documents. 

  
 -7- 

 Section 5.6.    Compliance
with Laws, Other Instruments, Etc. The execution, delivery and performance of its obligations by each Obligor of each Financing Agreement to which such Obligor is a party (including in the case of the Company, the Notes) will not (i) result
in any breach of, or constitute a default under, or result in the creation of any Lien (except, with respect to Liens to secure the Senior Secured Indebtedness, as contemplated by the Transaction Facilities) in respect of any property of either
Obligor or any Subsidiary under, any indenture, mortgage, deed of trust, loan, purchase or credit agreement, lease, corporate charter or by-laws, or any other financial agreement or instrument to which either
Obligor or any Subsidiary is bound or by which any Obligor or any Subsidiary or any of their respective properties may be bound or affected, (ii) violate any of the terms, conditions or provisions of any order, judgment, decree, or ruling of
any court, arbitrator or Governmental Authority applicable to either Obligor or any Subsidiary or (iii) violate any provision of any statute or other rule or regulation of any Governmental Authority applicable to any Obligor or any Subsidiary.

 Section 5.7.    Governmental Authorizations, Etc. No consent,
approval or authorization of, or registration, filing or declaration with, any Governmental Authority is required to be obtained or made by any Obligor pursuant to any statute, regulation, rule or applicable to it as a condition to the effectiveness
or the enforceability of the execution, delivery or performance by either Obligor of any Financing Agreement to which it is a party (including in the case of the Company, the Notes), including, without limitation, any thereof required in connection
with the obtaining of Dollars to make payments under the Financing Agreements (including in the case of the Company, the Notes) and the payment of such Dollars to Persons resident in the United States of America. It is not necessary to ensure the
legality, validity, enforceability or admissibility into evidence in The Netherlands of any Financing Agreement or the Notes that any thereof or any other document be filed, recorded or enrolled with any Governmental Authority, or that any such
agreement or document be stamped with any stamp, registration or similar transaction tax. 

Section 5.8.    Litigation; Observance of Agreements, Statutes and
Orders. (a) There are no actions, suits, investigations or proceedings pending or, to the knowledge of either Obligor, threatened against or affecting either Obligor or any Subsidiary or any property of either Obligor or any Subsidiary in
any court or before any arbitrator of any kind or before or by any Governmental Authority that, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. 

(b)    None of the Obligors or any Subsidiary is (i) in default under any term of any agreement or instrument to
which it is a party or by which it is bound, (ii) in violation of any order, judgment, decree or ruling of any court, arbitrator or Governmental Authority or (iii) in violation of any statute, rule or regulation of any Governmental
Authority applicable to it (including, without limitation and if applicable, Environmental Laws, the USA Patriot Act or any of the other laws and regulations that are referred to in Section 5.16), which default or violation, individually or in
the aggregate, could reasonably be expected to have a Material Adverse Effect. 

  
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 Section 5.9.    Taxes.
Each Obligor and each Subsidiary has filed all Material tax returns that are required to have been filed in any jurisdiction, and have paid all taxes shown to be due and payable on such returns and all other taxes and assessments levied upon them or
their properties, assets, income or franchises, to the extent such taxes and assessments have become due and payable and before they have become delinquent, except for any taxes and assessments (i) the amount of which is not individually or in
the aggregate Material or (ii) the amount, applicability or validity of which is currently being contested in good faith by appropriate proceedings and with respect to which either Obligor or a Subsidiary, as the case may be, has established
adequate reserves in accordance with GAAP. The Obligors know of no basis for any other tax or assessment that would reasonably be expected to have a Material Adverse Effect. The charges, accruals and reserves on the books of each of the Obligors and
their Subsidiaries in respect of federal, state or other taxes for all fiscal periods are adequate. The tax liabilities for the account of any Governmental Authority of The Netherlands of the Parent Guarantor and its Subsidiaries and the U.S.
federal income tax liabilities of the Company and its Subsidiaries, in each case, have been finally determined (whether by reason of completed audits or the statute of limitations having run) for all fiscal years up to and including the fiscal year
ended 2007 and 2007, respectively. 
 No liability for any Tax, directly or indirectly, imposed, assessed, levied or collected by or for the
account of any Governmental Authority of The Netherlands or any political subdivision thereof will be incurred by the Parent Guarantor or any holder of a Note as a result of the execution or delivery of any Financing Agreement or the Notes and no
deduction or withholding in respect of Taxes imposed by or for the account of The Netherlands or, to the knowledge of the Parent Guarantor, any other Taxing Jurisdiction, is required to be made from any payment by the Parent Guarantor under any
Financing Agreement or the Notes except for any such liability, withholding or deduction imposed, assessed, levied or collected by or for the account of any such Governmental Authority of The Netherlands arising out of circumstances described in
clause (a), (b) or (c) of Section 13. 

Section 5.10.    Title to Property; Leases. Each Obligor and its
Subsidiaries have good and sufficient title to their respective properties that individually or in the aggregate are Material, including all such properties reflected in the most recent audited balance sheet referred to in Section 5.5 or
purported to have been acquired by either Obligor or any Subsidiary after said date (except as sold or otherwise disposed of in the ordinary course of business), in each case free and clear of Liens prohibited by this Agreement. All leases in which
an Obligor or Initial Subsidiary Guarantor is a party as a lessee, which individually or in the aggregate are Material, are valid and subsisting and are in full force and effect in all material respects. 

Section 5.11.    Licenses, Permits, Etc. (a) Each Obligor and
its Subsidiaries owns or possesses all licenses, permits, franchises, authorizations, patents, copyrights, proprietary software, service marks, trademarks and trade names, or rights thereto, that individually or in the aggregate are Material,
without known conflict with the rights of others. 
 (b)    To the best knowledge of each Obligor, no product of either
Obligor or any of their Subsidiaries infringes in any material respect any license, permit, franchise, authorization, patent, copyright, proprietary software, service mark, trademark, trade name or other right owned by any other Person. 

  
 -9- 

 (c)    To the best knowledge of each Obligor, there is no Material violation
by any Person of any right of either Obligor or any of their Subsidiaries with respect to any patent, copyright, proprietary software, service mark, trademark, trade name or other right owned or used by the Obligors or any of their Subsidiaries.

 Section 5.12.    Compliance with ERISA. (a) Each Obligor
and each ERISA Affiliate have operated and administered each Plan in compliance with all applicable laws except for such instances of noncompliance as have not resulted in and would not reasonably be expected to result in a Material Adverse Effect.
Neither any Obligor nor any ERISA Affiliate has incurred any liability pursuant to Title I or IV of ERISA or the penalty or excise tax provisions of the Code relating to Employee Benefit Plans, and no event, transaction or condition has
occurred or exists that could reasonably be expected to result in the incurrence of any such liability by any Obligor or any ERISA Affiliate, or in the imposition of any Lien on any of the rights, properties or assets of the Company or any ERISA
Affiliate, in either case pursuant to Title I or IV of ERISA or to section 430(k) of the Code or to any such penalty or excise tax provisions under the Code or federal law or section 4068 of ERISA, other than such liabilities or Liens as would
not be individually or in the aggregate Material. 
 (b)    The present value of the aggregate benefit liabilities under
each of the Plans (other than Multiemployer Plans), determined as of the end of such Plan’s most recently ended plan year on the basis of the actuarial assumptions specified for funding purposes in such Plan’s most recent actuarial
valuation report, did not exceed the aggregate current value of the assets of such Plan allocable to such benefit liabilities by more than $49,058,000 in the case of any single Plan and by more than $57,186,000 in the aggregate for all Plans. The
present value of the accrued benefit liabilities (whether or not vested) under each Non-U.S. Plan that is funded, determined as of the end of the Parent Guarantor’s most recently ended fiscal year on the
basis of reasonable actuarial assumptions, did not exceed the current value of the assets of such Non-U.S. Plan allocable to such benefit liabilities by more than $57,096,000. The term “benefit
liabilities” has the meaning specified in section 4001 of ERISA and the terms “current value” and “present value” have the meaning specified in section 3 of ERISA. 

(c)    None of the Obligors or their ERISA Affiliates have incurred (i) withdrawal liabilities (and are not subject
to contingent withdrawal liabilities) under section 4201 or 4204 of ERISA in respect of Multiemployer Plans that individually or in the aggregate are Material or (ii) any obligation in connection with the termination of or withdrawal from
any Non U.S. Plan. 
 (d)    The expected postretirement benefit obligation (determined as of the last day of the Parent
Guarantor’s most recently ended fiscal year in accordance with Financial Accounting Standards Board Statement No. 106, without regard to liabilities attributable to continuation coverage mandated by section 4980B of the Code) of any
Obligor and its Subsidiaries is $55,058,000. 

  
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 (e)    The execution and delivery of the Financing Agreements and the
issuance and sale of the Notes hereunder will not involve any transaction that is subject to the prohibitions of section 406 of ERISA or in connection with which a tax could be imposed pursuant to section 4975(c)(1)(A)-(D) of the Code. The
representation by the Obligors to each Purchaser in the first sentence of this Section 5.12(e) is made in reliance upon and subject to the accuracy of such Purchaser’s representation in Section 6.2 as to the sources of the funds used
to pay the purchase price of the Notes to be purchased by such Purchaser. 
 (f)    All
Non-U.S. Plans have been established, operated, administered and maintained in compliance with all laws, regulations and orders applicable thereto, except where failure so to comply could not be reasonably
expected to have a Material Adverse Effect. All premiums, contributions and any other amounts required by applicable Non-U.S. Plan documents or applicable laws to be paid or accrued by the Obligors and their
Subsidiaries have been paid or accrued as required, except where failure so to pay or accrue would not be reasonably expected to have a Material Adverse Effect. 

Section 5.13.    Private Offering. Neither any Obligor nor anyone
acting on its behalf has offered the Notes, the Parent Guarantee, the Subsidiary Guarantees or any similar securities for sale to, or solicited any offer to buy any of the same from, or otherwise approached or negotiated in respect thereof with, any
person other than the Purchasers and not more than 45 other Institutional Investors (as defined in clause (c) of the definition of such term), each of which has been offered the Notes at a private sale for investment. Neither any Obligor nor
anyone acting on its behalf has taken, or will take, any action that would subject the issuance or sale of the Notes to the registration requirements of Section 5 of the Securities Act or to the registration requirements of any securities or
blue sky laws of any applicable jurisdiction. 
 Section 5.14.    Use
of Proceeds; Margin Regulations. The proceeds of the sale of the Notes will be deposited at Closing with the Escrow Agent, and the disbursements of such proceeds by the Escrow Agent will be governed by the Escrow Agreement. If proceeds of the
sale of the Notes are released by the Escrow Agent to or at the direction of the Company (other than for the purpose provided in Section 8.8), the Company will apply the proceeds of the sale of the Notes to finance the acquisition of The Shaw
Group, Inc., to refinance associated bridge credit facilities, and for general corporate purposes. No part of the proceeds from the sale of the Notes hereunder will be used, directly or indirectly, (a) for the purpose of buying or carrying any
margin stock within the meaning of Regulation U of the Board of Governors of the Federal Reserve System (12 CFR 221), or for the purpose of buying or carrying or trading in any securities under such circumstances as to involve either Obligor in
a violation of Regulation X of said Board (12 CFR 224) or to involve any broker or dealer in a violation of Regulation T of said Board (12 CFR 220) or (b) to finance dealings or transactions with any Person described or designated in the
Specially Designated Nationals and Blocked Person List published by OFAC or in Section 1 of the Anti-Terrorism Order. Margin stock does not constitute more than 5% of the value of the consolidated assets of the Parent Guarantor and its
Subsidiaries and neither Obligor has any present intention that margin stock will constitute more than 5% of the value of such assets. As used in this Section, the terms “margin stock” and “purpose of
buying or carrying” shall have the meanings assigned to them in said Regulation U. 

  
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 Section 5.15.    Existing
Indebtedness; Future Liens . (a) Except as described therein, Schedule 5.15 sets forth a complete and correct list of (i) all outstanding Indebtedness of the Parent Guarantor and its Subsidiaries as of September 30, 2012
(including a description of the obligors, principal amount outstanding and general description of the collateral therefor, if any, and Guaranty thereof, if any), since which date there has been no Material change in the amounts, interest rate, index
or formula, sinking funds, installment payments or maturities of such Indebtedness of the Parent Guarantor or its Subsidiaries and (ii) all agreements providing for committed financing facilities (subject to the terms and conditions specified
therein) to the Parent Guarantor or its Subsidiaries as of the date of Closing. Neither any Obligor nor any Subsidiary is in default and no waiver of default is currently in effect, in the payment of any principal or interest on any Indebtedness
either Obligor or such Subsidiary and no event or condition exists with respect to any Indebtedness of any Obligor or any Subsidiary the outstanding principal amount of which exceeds $1,000,000 that would permit (or that with notice or the lapse of
time, or both, would permit) one or more Persons to cause such Indebtedness to become due and payable before its stated maturity or before its regularly scheduled dates of payment. 

(b)    Except as disclosed in Schedule 5.15, neither any Obligor nor any Subsidiary has agreed or consented to cause or
permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien not permitted by Section 10.6. 

(c)    Neither any Obligor nor any Subsidiary is a party to, or otherwise subject to any provision contained in, any
instrument evidencing Indebtedness of such Obligor or such Subsidiary, any agreement relating thereto or any other agreement (including, but not limited to, its charter or other organizational document) which limits the amount of, or otherwise
imposes restrictions on the incurring of, Indebtedness of such Obligor, except as specifically indicated in Schedule 5.15. 

Section 5.16.    Foreign Assets Control Regulations, Etc.
(a) None of the Obligors or any Controlled Entity is (i) a Person whose name appears on the list of Specially Designated Nationals and Blocked Persons published by the Office of Foreign Assets Control, U.S. Department of Treasury
(“OFAC”) or in Section 1 of the Anti-Terrorism Order (an “OFAC / Anti-Terrorism Order Listed Person”), (ii) a Person officially sanctioned by the government of the United States or
The Netherlands pursuant to any AML/ Terrorist Laws (an “AML/Terrorist Law Listed Person” and, together with any OFAC/Anti-Terrorism Order Listed Person, a “Listed Person”), (iii) a
department, agency or instrumentality of, or is otherwise controlled by or acting on behalf of, directly or indirectly, (x) any Listed Person or (y) the government of a country subject to comprehensive U.S. economic sanctions administered
by OFAC, currently Iran, Sudan, Cuba, Burma, Syria, Libya and North Korea (a “Restricted Country”, and each Listed Person and each Restricted Country, individually and collectively, a “Blocked
Person”) or (iv) has any investments in, or knowingly (as such term is defined in Section 101(6) of CISADA) engages in any dealings or transactions with, any Blocked Person where such investments, dealings, or transactions
would result in either (A) the Obligors being in violation of applicable law in any material respect or (B) any Purchaser being in violation of any OFAC Sanctions Laws. None of the Obligors or any Controlled Entity is engaged in any
activities that could subject such Person or the Purchasers to sanctions under the Iran Threat Reduction Act and Syria Human Rights Act of 2012. 

  
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 (b)    No part of the proceeds from the sale of the Notes hereunder
constitutes or will constitute funds obtained on behalf of any Blocked Person or will otherwise knowingly (as such term is defined in Section 101(6) of CISADA) be used, directly or indirectly, by the Obligors or any Controlled Entity in
connection with any investment in, or any transactions or dealings with, any Blocked Person. 
 (c)    To the
Obligors’ actual knowledge after making due inquiry, no Obligor or Controlled Entity (i) is under investigation by any Governmental Authority for, or has not been charged with, or convicted of, money laundering or terrorist-related
activities under any applicable law (collectively, “AML/Terrorist Laws”), (ii) has been assessed civil penalties under any AML/Terrorist Laws or (iii) has had any of its funds seized or forfeited in an action under any
AML/Terrorist Laws. The Obligors taken reasonable measures appropriate to the circumstances (in any event as required by applicable law) to seek to ensure that the Obligors and each Controlled Entity are in compliance with all AML/Terrorist Laws
applicable to it. 
 (d)    No part of the proceeds from the sale of the Notes hereunder will knowingly (as such term is
defined in Section 101(6) of CISADA) be used, directly or indirectly, by the Obligors for any improper payments to any governmental official or employee, political party, official of a political party, candidate for political office or anyone
else acting in an official capacity, in order to improperly obtain, retain or direct business or obtain any improper advantage. The Obligors have taken reasonable measures appropriate to the circumstances (in any event as required by applicable law)
to seek to ensure the Obligors and each Controlled Entity are in compliance with all anti-corruption laws and regulations applicable to it. 

Section 5.17.    Status under Certain Statutes. Neither any Obligor
nor any Subsidiary is subject to regulation under the Investment Company Act of 1940, as amended, the Public Utility Holding Company Act of 2005, as amended, the ICC Termination Act of 1995, as amended, or the Federal Power Act, as amended. 

Section 5.18.    Environmental Matters. (a) Neither Obligor nor
any Subsidiary has knowledge of any claim or has received any notice of any claim, and no proceeding has been instituted raising any claim against either Obligor or any of its Subsidiaries or relating to their operations on any of their respective
real properties now or formerly owned, leased or operated by any of them or other assets, alleging any damage to the environment or violation of any Environmental Laws, except, in each case, such as would not reasonably be expected to result in a
Material Adverse Effect. 
 (b)    Neither Obligor nor any Subsidiary has knowledge of any facts which would give rise
to any claim, public or private, of violation of Environmental Laws or damage to the environment emanating from, occurring on or in any way related to real properties now or formerly owned, leased or operated by any of them or to other assets or
their use, except, in each case, such as would not reasonably be expected to result in a Material Adverse Effect. 

  
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 (c)    Neither Obligor nor any Subsidiary has stored any Hazardous Materials
on real properties now or formerly owned, leased or operated by any of them and has not disposed of any Hazardous Materials in a manner contrary to any Environmental Laws in each case in any manner that would reasonably be expected to result in a
Material Adverse Effect; and 
 (d)    All buildings on all real properties now owned, leased or operated by each
Obligor or any Subsidiary are in compliance with applicable Environmental Laws, except where failure to comply would not reasonably be expected to result in a Material Adverse Effect. 

Section 5.19.    Notes Rank Pari Passu. The payment obligations of
each Obligor under this Agreement (including the Parent Guarantor) rank and, upon issuance, the Notes (in the case of the Company) will rank, at least pari passu in right of payment with (a) prior to the Collateral Effective Date, all
other unsecured and unsubordinated Indebtedness (actual or contingent) of such Obligor, including, without limitation, all unsecured Indebtedness of the Obligors described on Schedule 5.15 hereto, which is not therein designated as subordinated
Indebtedness and (b) from and after the Collateral Effective Date, all Senior Secured Indebtedness outstanding under the Transaction Facilities. 

Section 5.20.    Perfection of Escrowed Closing Proceeds. The
security interest granted pursuant to each Account Control Agreement constitutes a valid and continuing perfected security interest in favor of the Purchasers in all Escrowed Closing Proceeds. 

SECTION 6. REPRESENTATIONS OF THE PURCHASERS. 

Section 6.1.    Purchase for Investment; Accredited Investor.
(a) Each Purchaser severally represents that it is purchasing the Notes for its own account or for one or more separate accounts maintained by such Purchaser or for the account of one or more pension or trust funds and not with a view to the
distribution thereof, provided that the disposition of such Purchaser’s or their property shall at all times be within such Purchaser’s or their control. Each Purchaser understands that the Notes have not been registered under the
Securities Act and may be resold only if registered pursuant to the provisions of the Securities Act or if an exemption from registration is available, except under circumstances where neither such registration nor such an exemption is required by
law, and that the Company is not required to register the Notes. 
 (b)    Each Purchaser severally represents that it
is an “accredited investor” within the meaning of subparagraph (a)(1), (2), (3) or (7) of Rule 501 of Regulation D under the Securities Act. 

Section 6.2.    Source of Funds. Each Purchaser severally represents
that at least one of the following statements is an accurate representation as to each source of funds (a “Source”) to be used by such Purchaser to pay the purchase price of the Notes to be purchased by such Purchaser hereunder: 

(a)    the Source is an “insurance company general account” (as the term is defined in the United
States Department of Labor’s Prohibited Transaction Exemption (“PTE”) 95-60) in respect of which the reserves and liabilities (as defined by the annual

  
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statement for life insurance companies approved by the National Association of Insurance Commissioners (the “NAIC Annual Statement”)) for the general account contract(s) held by
or on behalf of any Employee Benefit Plan together with the amount of the reserves and liabilities for the general account contract(s) held by or on behalf of any other Employee Benefit Plans maintained by the same employer (or affiliate thereof as
defined in PTE 95-60) or by the same employee organization in the general account do not exceed 10% of the total reserves and liabilities of the general account (exclusive of separate account (as defined in
Section 3 of ERISA (“Separate Account”)) liabilities) plus surplus as set forth in the NAIC Annual Statement filed with such Purchaser’s state of domicile; or 

(b)    the Source is a Separate Account that is maintained solely in connection with such Purchaser’s
fixed contractual obligations under which the amounts payable, or credited, to any Employee Benefit Plan (or its related trust) that has any interest in such Separate Account (or to any participant or beneficiary of such plan (including any
annuitant)) are not affected in any manner by the investment performance of the Separate Account; or 

(c)    the Source is either (i) an insurance company pooled Separate Account, within the meaning of
PTE 90-1 or (ii) a bank collective investment fund, within the meaning of the PTE 91-38 and, except as disclosed by such Purchaser to the Company in writing
pursuant to this clause (c), no Employee Benefit Plan or group of plans maintained by the same employer or employee organization beneficially owns more than 10% of all assets allocated to such pooled Separate Account or collective investment fund;
or 
 (d)    the Source constitutes assets of an “investment fund” (within the meaning of Part
VI of PTE 84-14 (the “QPAM Exemption”)) managed by a “qualified professional asset manager” or “QPAM” (within the meaning of Part VI of the QPAM Exemption), no Employee
Benefit Plan’s assets that are managed by the QPAM in such investment fund, when combined with the assets of all other Employee Benefit Plans established or maintained by the same employer or by an affiliate (within the meaning of Part VI(c)(1)
of the QPAM Exemption) of such employer or by the same employee organization and managed by such QPAM, represent more than 20% of the total client assets managed by such QPAM, the conditions of Part I(c) and (g) of the QPAM Exemption are
satisfied, neither the QPAM nor a person controlling or controlled by the QPAM maintains an ownership interest in the Company that would cause the QPAM and the Company to be “related” within the meaning of Part VI(h) of the QPAM Exemption
and (i) the identity of such QPAM and (ii) the names of any Employee Benefit Plans whose assets in the investment fund, when combined with the assets of all other Employee Benefit Plans established or maintained by the same employer or by
an affiliate (within the meaning of Part VI(c)(1) of the QPAM Exemption) of such employer or by the same employee organization, represent 20% or more of the assets of such investment fund, have been disclosed to the Company in writing pursuant to
this clause (d); or 

  
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 (e)    the Source constitutes assets of a “plan(s)”
(within the meaning of section IV of PTE 96-23 (the “INHAM Exemption”)) managed by an “in-house asset manager” or “INHAM”
(within the meaning of Part IV of the INHAM Exemption), the conditions of Part I(a), (g) and (h) of the INHAM Exemption are satisfied, neither the INHAM nor a person controlling or controlled by the INHAM (applying the definition of
“control” in section IV(d) of the INHAM Exemption) owns a 5% or more interest in the Company and (i) the identity of such INHAM and (ii) the name(s) of the Employee Benefit Plan(s) whose assets constitute the Source have been
disclosed to the Company in writing pursuant to this clause (e); or 
 (f)    the Source is a
governmental plan (as defined in Section 3 of ERISA); or 
 (g)    the Source is one or more
Employee Benefit Plans, or a separate account or trust fund comprised of one or more Employee Benefit Plans, each of which has been identified to the Company in writing pursuant to this clause (g); or 

(h)    the Source does not include assets of any Employee Benefit Plan, other than a plan exempt from the
coverage of ERISA. 
 SECTION 7. INFORMATION AS TO OBLIGORS. 

Section 7.1.    Financial and Business Information. The Obligors
shall deliver to each holder of Notes that is an Institutional Investor: 
 (a)    Quarterly
Statements — within 45 days (or such shorter period as is 15 days greater than the period applicable to the filing of the Parent Guarantor’s Quarterly Report on Form 10-Q (the
“Form 10-Q”) with the SEC regardless of whether the Parent Guarantor is subject to the filing requirements thereof) after the end of each quarterly fiscal period in
each fiscal year of the Parent Guarantor (other than the last quarterly fiscal period of each such fiscal year), copies of, 

(i)    a consolidated balance sheet of the Parent Guarantor and its Subsidiaries as at the end of such
quarter, and 
 (ii)    consolidated statements of income, changes in shareholders’ equity and cash
flows of the Parent Guarantor and its Subsidiaries, for such quarter and (in the case of the second and third quarters) for the portion of the fiscal year ending with such quarter, and 

(iii)    a consolidating balance sheet of the Parent Guarantor and its Subsidiaries as at the end of such
quarters and consolidating statements of income of the Parent Guarantor and its Subsidiaries, for such quarter and (in the case of the second and third quarters) for the portion of the fiscal year ending with such quarter, 

  
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 setting forth in each case in comparative form the figures for the corresponding periods in the
previous fiscal year, all in reasonable detail, prepared in accordance with GAAP applicable to quarterly financial statements generally, and certified by a Senior Financial Officer as fairly presenting, in all material respects, the financial
position of the companies being reported on and their results of operations and cash flows, subject to changes resulting from year-end adjustments, provided that delivery within the time period
specified above of copies of the Parent Guarantor’s Form 10-Q prepared in compliance with the requirements therefor and filed with the SEC (but only so long as such
Form 10-Q includes the consolidating financial statements required hereby) shall be deemed to satisfy the requirements of this Section 7.1(a), provided, further, that the Obligors shall be
deemed to have made such delivery of such Form 10-Q if any of them shall have timely made such Form 10-Q available on “EDGAR” (or any successor
filing system) and on its home page on the worldwide web (at the date of this Agreement located at: http//www.cbi.com) and shall have given each Purchaser prior notice of such availability on EDGAR (or any successor filing system) and on its home
page in connection with each delivery (such availability and notice thereof being referred to as “Electronic Delivery”); 

(b)    Annual Statements — within 90 days (or such shorter period as is 15 days greater than
the period applicable to the filing of the Parent Guarantor’s Annual Report on Form 10-K (the “Form 10-K”) with the
SEC regardless of whether the Parent Guarantor is subject to the filing requirements thereof) after the end of each fiscal year of the Parent Guarantor, copies of 

(i)    a consolidated balance sheet of the Parent Guarantor and its Subsidiaries as at the end of such
year, and 
 (ii)    consolidated statements of income, changes in shareholders’ equity and cash
flows of the Parent Guarantor and its Subsidiaries for such year, and 
 (iii)     an unaudited
consolidating balance sheet of the Parent Guarantor and its Subsidiaries as at the end of such year and consolidating statements of income of the Parent Guarantor and its Subsidiaries for such year, 

setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail, prepared in accordance with
GAAP (except with respect to Section 7.1(b)(iii)), and except with respect to Section 7.1(b)(iii) accompanied by an opinion thereon (without a “going concern” or similar qualification or exception and without any qualification or
exception as to the scope of the audit on which such opinion is based) of independent public accountants of recognized national standing, which opinion shall state that such financial statements present fairly, in all material respects, the
financial position of the companies being reported upon and their results of operations and cash flows and have been prepared in conformity with GAAP, and that the examination of such accountants in connection with such financial statements has been
made in accordance with generally accepted auditing standards, and that such audit provides a reasonable basis for such opinion in the circumstances, 

  
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 provided that the delivery within the time period specified above of the Parent
Guarantor’s Form 10-K for such fiscal year (together with the Parent Guarantor’s annual report to shareholders, if any, prepared pursuant to
Rule 14a-3 under the Exchange Act) prepared in accordance with the requirements therefor and filed with the SEC (but only so long as such Form 10-K includes
the consolidating financial statements required hereby) shall be deemed to satisfy the requirements of this Section 7.1(b), provided, further, that the Obligors shall be deemed to have made such delivery of such Form 10-K if any of them shall have timely made Electronic Delivery thereof; 

(c)    Budgets; Business Plans; Financial Projections – as soon as practicable and in any event
not later than ninety (90) days after the beginning of each fiscal year commencing with the fiscal year beginning January 1, 2018, a copy of the plan and forecast (including a projected balance sheet, income statement and a statement of
cash flow) of the Parent Guarantor and its Subsidiaries for the upcoming three (3) fiscal years prepared in such detail as shall be reasonably satisfactory to the Required Holders; 

(d)    Additional Quarterly Reports – within the time period set forth in Section 7.1(a)
above, and in addition to the information to be provided pursuant to Section 7.1(a), a report of a Senior Financial Officer of the Parent Guarantor setting forth (i) a cash forecast report with such detail and requirements as to be
determined among the Required Holders, the Financial Advisor and the Parent Guarantor, (ii) a discussion of the status of, and material developments with respect to, the 10 largest projects and for each other project for which material
deviations from budget or schedule have developed, (iii) a discussion of the status of, and material developments during the quarter then ended, with respect to all material litigation, and (iv) such other matters as requested by the
holders; 
 (e)    SEC and Other Reports — promptly upon their becoming available, one copy
of (i) each financial statement, report, notice, documents, proxy statement or other information sent by the Parent Guarantor or any Subsidiary to its principal lending banks as a whole (excluding information sent to such banks in the ordinary
course of administration of a bank facility, such as information relating to pricing and borrowing availability) or to its public securities holders generally, and (ii) each regular or periodic report, each registration statement (without
exhibits except as expressly requested by such holder), each prospectus and all amendments thereto and each press release filed by the Parent Guarantor or any Subsidiary with the SEC or any other similar governmental or regulatory body in any non-U.S. jurisdiction, provided that the Obligors shall be deemed to have made such delivery of the items provided for by this clause (c) if any of them shall have made an Electronic Delivery thereof
(without regard to any notice requirement provided in such defined term); 
 (f)    Notice of Default
or Event of Default — promptly, and in any event within five Business Days after a Responsible Officer (i) has knowledge of the existence of any Default or Event of Default or (ii) has received (A) any written notice of, or
taken any action with respect to, a Default claimed hereunder or (B) any written notice or taken any action with respect to a claimed default of the type referred to in Section 11(g), a written notice specifying the nature and period of
existence thereof and what action the Obligors are taking or propose to take with respect thereto; 

  
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 (g)    ERISA Matters — promptly, and in any event
within five Business Days after a Responsible Officer has knowledge of any of the following, a written notice setting forth the nature thereof and the action, if any, that an Obligor or an ERISA Affiliate proposes to take with respect thereto: 

(i)    with respect to any Plan, any reportable event, as defined in section 4043(c) of ERISA and the
regulations thereunder, for which notice thereof has not been waived pursuant to such regulations as in effect on the date hereof; or 

(ii)    the taking by the PBGC of steps to institute, or the threatening by the PBGC of the institution
of, proceedings under section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan, or the receipt by any Obligor or any ERISA Affiliate of a notice from a Multiemployer Plan that such action has been
taken by the PBGC with respect to such Multiemployer Plan; or 
 (iii)    any event, transaction or
condition that reasonably could result in the incurrence of any liability by any Obligor or any ERISA Affiliate pursuant to Title I or IV of ERISA or the penalty or excise tax provisions of the Code relating to Employee Benefit Plans, or in the
imposition of any Lien on any of the rights, properties or assets of any Obligor or any ERISA Affiliate pursuant to Title I or IV of ERISA or such penalty or excise tax provisions, if such liability or Lien, taken together with any other such
liabilities or Liens then existing, would reasonably be expected to have a Material Adverse Effect; or 

(iv)    receipt of notice of the imposition of a financial penalty greater than U.S.$5,000,000 (which for
this purpose shall mean any tax, penalty or other liability, whether by way of indemnity or otherwise) with respect to one or more Non-U.S. Plans; 

(h)    Notices from Governmental Authority — promptly, and in any event within 30 days of
receipt thereof, copies of any notice to any Obligor or any Subsidiary from any Federal or state Governmental Authority relating to any order, ruling, statute or other law or regulation that would reasonably be expected to have a Material Adverse
Effect; 
 (i)    Bridge Facility — promptly upon the execution and delivery of the Bridge
Facility, a true, correct and complete copy of the Bridge Facility; and 
 (j)    Special Mandatory
Offers of Prepayment — prompt written notice of (i) the occurrence of any Disposition of property or assets, (ii) the incurrence or issuance of any Indebtedness, or (iii) the occurrence of any sale of Capital Stock, in each
case, giving rise to the mandatory offers of prepayment provisions in Section 9.14; 

  
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 (k)    Cash Flow Forecast – (i) on a bi-weekly basis commencing on September 15, 2017 (by no later than Wednesday every two weeks thereafter), an updated weekly 13-week cash flow forecast setting forth all
sources and uses of cash and beginning and ending cash balances (the most recently-delivered such forecast as of any date, the “Cash Flow Forecast”), (ii) by no later than the close of business on Wednesday of each week after
September 15, 2017, a variance report reconciling the most recent Cash Flow Forecast to the actual sources and uses of cash for the prior week, along with a
line-by-line reconciliation and detailed explanation of variances in excess of 10% from the most recent Cash Flow Forecast, (iii) on September 15, 2017 and
thereafter on the 15th day of each calendar month, a monthly roll-forward report of accounts receivable and aging of accounts payable of the Parent Guarantor and its Subsidiaries, and (iv) by close of business on August 16, 2017 and on
Wednesday of each week thereafter, a report containing detailed calculations of Minimum Availability, Restricted Cash, Unrestricted Cash, Restricted Joint Venture Cash, Unrestricted Joint Venture Cash and Asset Sales Proceeds (Bank Debt) Cash for
each Business Day of the prior week, in each case, in form and detail reasonably acceptable to the Required Holders; 

(l)    Requested Information — such other data and information relating to the business,
operations, affairs, financial condition, assets or properties of any Obligor or any of its Subsidiaries (including, but without limitation, actual copies of the Parent Guarantor’s Form 10-Q and Form 10-K) or relating to the ability of each Obligor to perform its obligations hereunder and under the Notes (in the case of the Company) as from time to time may be reasonably requested by any such Purchaser
or holder of Notes or by the Financial Advisor, such data and information to be provided within the time periods specified in any such request so long as the Obligors have such data and information or can obtain it within such time periods using
commercially reasonable efforts. Each Obligor acknowledges and agrees that (i) the information requests set forth in the letter from counsel to the holders of the Notes (on behalf, and at the request of, the holders of the Notes) to the Parent
Guarantor, dated on or about August 9, 2017, are reasonable, (ii) such information can be provided within the time periods specified in such letter and (iii) Section 7.4 does not apply to any of such requests; 

(m)    Specified Requested Information – promptly, and in any event within 10 days
following any change in the corporate organization of the Obligors or any of the Subsidiary Guarantors, an updated legal organization chart reflecting such change; 

(n)    Daily Liquidity Report – beginning on the first Business Day following the Seventh
Amendment Effective Date, a report setting forth (i) the total borrowing availability under the revolving credit commitments under each of the 2013 Revolving Credit Agreement, the 2015 Revolving Credit Commitment and the Bilateral Revolving
Credit Agreements and (ii) the aggregate amount of Unrestricted Cash of the Parent Guarantor and its Subsidiaries in its US deposit accounts and cash pooling accounts, in each case as of the close of business on the immediately preceding day;

  
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 (o)    Monthly Projections; Contracts; Cost
Reduction Measures – as soon as practicable and in any event not later than September 15, 2017 and on the 15th day of each month thereafter: 

(i) a copy of the integrated financial projections (including a projected balance sheet, income statement and a statement of
cash flows) of the Parent Guarantor and its Subsidiaries for each month through October 31, 2018, which includes cash flow projections with respect to all active construction projects with a contract price of $300,000,000 or greater and
otherwise in such form and detail as shall be reasonably satisfactory to the Required Holders; 
 (ii) a work-in-progress report with respect to each contract with a contract value in excess of $200,000,000 (or if greater, at least 80% coverage of backlog), provided that such
report shall also include all projects which have “cost plus profit in excess of billings” balances in excess of $20,000,000; 

(iii) a report on (A) all new contracts awarded to the Parent Guarantor or any of its Subsidiaries with a contract value
in excess of $20,000,000 and (B) the new contract awards pipeline with respect to contracts with an individual contract price in excess of $20,000,000, in each case, including estimated letter of credit and bonding requirements for each such
contract; and 
 (iv) a progress report on the implementation of cost reduction measures implemented by the Parent Guarantor
and its Subsidiaries; and 
 (p)    Intercompany Transaction Reports - within 60 days of the
calendar month ending July 31, 2017, and thereafter within 30 days of the end of each calendar month, a report detailing (i) each loan advanced during such calendar month by a Collateral Note Party to a
Non-Collateral Note Party (including the name of the creditor and debtor of each such loan and the outstanding balance thereof) and the aggregate balance of all such loans (including any such loans advanced in
a prior month which remained outstanding as of such date) and (ii) each Disposition by a Collateral Note Party to a Non-Collateral Note Party involving assets with an aggregate value of $2,500,000 or
greater (including the name of the buyer and the seller, a description in reasonable detail of the assets subject to such Disposition and a description of the consideration received by the seller for such Disposition). 

Section 7.2.    Officer’s Certificate. Each set
of financial statements delivered to a holder of Notes pursuant to Section 7.1(a) or Section 7.1(b) shall be accompanied by a certificate of a Senior Financial Officer setting forth (which, in the case of Electronic Delivery of any such
financial statements, shall be by separate concurrent delivery of such certificate to each holder of Notes): 

(a)    Covenant Compliance — the information (including detailed calculations) required in
order to establish whether the Obligors were in compliance with the requirements of Sections 10.7, 10.9, 10.10, 10.21 and 10.22 during the quarterly or 

  
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annual period covered by the statements then being furnished (including with respect to each such Section, where applicable, the calculations of the maximum or minimum amount, ratio or
percentage, as the case may be, permissible under the terms of such Sections, and the calculation of the amount, ratio or percentage then in existence). In the event that the Company or any Subsidiary has made an election to measure any financial
liability using fair value (which election is being disregarded for purposes of determining compliance with this Agreement pursuant to Section 24.3) as to the period covered by any such financial statement, such Senior Financial Officer’s
certificate as to such period shall include a reconciliation from GAAP with respect to such election; and 

(b)    Event of Default — a statement that such Senior Financial Officer has reviewed the
relevant terms hereof and has made, or caused to be made, under his or her supervision, a review of the transactions and conditions of the Obligors and their Subsidiaries from the beginning of the quarterly or annual period covered by the statements
then being furnished to the date of the certificate and that such review shall not have disclosed the existence during such period of any condition or event that constitutes a Default or an Event of Default or, if any such condition or event existed
or exists (including, without limitation, any such event or condition resulting from the failure of any Obligor or any Subsidiary to comply with any Environmental Law), specifying the nature and period of existence thereof and what action the
Obligors shall have taken or proposes to take with respect thereto. 

Section 7.3.    Visitation. The Obligors shall permit the
representatives of each holder of Notes that is an Institutional Investor: 
 (a)    No Default
— at any time other than the period specified in clause (b) below and so long as no Default or Event of Default then exists, at the expense of such holder (except for the work of the Financial Advisor) and upon reasonable prior notice to
any Obligor, to visit the principal executive office of any Obligor, to discuss the affairs, finances and accounts of the Obligors and their Subsidiaries with each Obligor’s officers, and (with the consent of the such Obligor, which consent
will not be unreasonably withheld) its independent public accountants, and (with the consent of such Obligor, which consent will not be unreasonably withheld) to visit the other offices and properties of the Parent Guarantor and each Subsidiary, all
at such reasonable times and as often as may be reasonably requested in writing; and 

(b)    Default — at any time during the period from the Seventh Amendment Effective Date
through the date, if any, on which the Tech Business Sale is consummated or at any time thereafter if a Default or Event of Default then exists, at the expense of the Obligors to visit and inspect any of the offices or properties of any Obligor or
any Subsidiary, to examine all their respective books of account, records, reports and other papers, to make copies and extracts therefrom, and to discuss their respective affairs, finances and accounts with their respective officers and (with the
consent of an Obligor, which consent shall not be unreasonably withheld or delayed) independent public accountants, all at such times and as often as may be reasonably requested. 

  
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 Section 7.4. Limitation on Disclosure Obligation. 

The Obligors shall not be required to disclose the following information pursuant to Section 7.1(l) or 7.3: 

(a)    information that the Obligors determine after consultation with counsel qualified to advise on such
matters that, notwithstanding the confidentiality requirements of Section 21, they would be prohibited from disclosing by applicable law or regulations without making public disclosure thereof; or 

(b)    information that, notwithstanding the confidentiality requirements of Section 21, the Obligors
are prohibited from disclosing by the terms of an obligation of confidentiality contained in any agreement with any non-Affiliate binding upon the Obligors and not entered into in contemplation of this clause
(b), provided that the Obligors shall use commercially reasonable efforts to obtain consent from the party in whose favor the obligation of confidentiality was made to permit the disclosure of the relevant information and provided further that the
Obligors have received a written opinion of counsel confirming that disclosure of such information without consent from such other contractual party would constitute a breach of such agreement. 

Promptly after a request therefor from any holder of Notes that is an Institutional Investor, the Obligors will provide such holder with a
written opinion of counsel (which may be addressed to the Obligors) relied upon as to any requested information that the Obligors are prohibited from disclosing to such holder under circumstances described in this Section 7.4. 

SECTION 8. PAYMENT AND PREPAYMENT OF THE
NOTES. 
 Section 8.1.    Maturity. As provided
therein, the entire unpaid principal balance of the Series A Notes, the Series B Notes, the Series C Notes and the Series D Notes shall be due and payable on the respective stated maturity dates thereof. 

Section 8.2.    Optional Prepayments with Make-Whole Amount. Subject
to Section 10.20(a), the Company may, at its option, upon notice as provided below, prepay at any time all, or from time to time any part of, the Notes, in an amount not less than 10% of the aggregate principal amount of the Notes then
outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid, and the Make-Whole Amount determined for the prepayment date with respect to such principal amount. The Company will give each holder of Notes written
notice of each optional prepayment under this Section 8.2 not less than 30 days and not more than 60 days prior to the date fixed for such prepayment. Each such notice shall specify such date (which shall be a Business Day), the aggregate
principal amount of such Notes to be prepaid on such date, the principal amount of such Note held by such holder to be prepaid (determined in accordance with Section 8.3), and the interest to be paid on the prepayment date with respect to such
principal amount being prepaid, and shall be accompanied by a certificate of a Senior Financial Officer as to the estimated Make-Whole Amount due in connection with such 

  
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prepayment (calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Two Business Days prior to such prepayment, the Company shall
deliver to each holder of Notes a certificate of a Senior Financial Officer specifying the calculation of such Make-Whole Amount as of the specified prepayment date. 

Section 8.3.    Allocation of Partial Prepayments. In the case of
each partial prepayment of the Notes, other than any offer of prepayment of the Notes pursuant to Section 8.5, 8.7 or 10.3(a) that has been rejected by any holder or holders of Notes, the principal amount of the Notes shall be allocated among
all of the Notes at the time outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts thereof not theretofore called for prepayment. 

Section 8.4.    Maturity; Surrender, Etc. In the case
of each prepayment of Notes pursuant to this Section 8, the principal amount of each Note to be prepaid shall mature and become due and payable on the date fixed for such prepayment (which shall be a Business Day), together with interest on
such principal amount accrued to such date and the applicable Make-Whole Amount, if any. From and after such date, unless the Company shall fail to pay such principal amount when so due and payable, together with the interest and Make-Whole Amount,
if any, as aforesaid, interest on such principal amount shall cease to accrue. Any Note paid or prepaid in full shall be surrendered to the Company and cancelled and shall not be reissued, and no Note shall be issued in lieu of any prepaid principal
amount of any Note. 
 Section 8.5.    Purchase of Notes. The
Obligors will not and will not permit any of their Affiliates to purchase, redeem, prepay or otherwise acquire, directly or indirectly, any of the outstanding Notes except (a) upon the payment or prepayment of the Notes in accordance with the
terms of this Agreement and the Notes or (b) to a written offer to purchase any outstanding Notes made by any Obligor or an Affiliate pro rata to the holders of the Notes upon the same terms and conditions. Any such offer shall provide
each holder with sufficient information to enable it to make an informed decision with respect to such offer, and shall remain open for at least 10 Business Days. If the Required Holders accept such offer, the Company shall promptly notify the
remaining holders of Notes of such fact and the expiration date for the acceptance by holders of Notes of such offer shall be extended by the number of days necessary to give each such remaining holder at least 5 Business Days from its receipt of
such notice to accept such offer. The Company will promptly cancel all Notes acquired by either Obligor or any of their Affiliates pursuant to any payment, prepayment or purchase of Notes pursuant to any provision of this Agreement and no Notes may
be issued in substitution or exchange for any such Notes. 

  
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 Section 8.6.    Make-Whole
Amount. 
 “Make-Whole Amount” means, with respect to any Note, an amount equal to the excess, if any, of the Discounted
Value of the Remaining Scheduled Payments with respect to the Called Principal of such Note over the amount of such Called Principal, provided that the Make-Whole Amount may in no event be less than zero. For the purposes of determining the
Make-Whole Amount, the following terms have the following meanings: 
 “Called Principal” means, with respect to any Note,
the principal of such Note that is to be prepaid pursuant to Section 8.2 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires. 

“Discounted Value” means, with respect to the Called Principal of any Note, the amount obtained by discounting all Remaining
Scheduled Payments with respect to such Called Principal from their respective scheduled due dates to the Settlement Date with respect to such Called Principal, in accordance with accepted financial practice and at a discount factor (applied on the
same periodic basis as that on which interest on the Notes is payable) equal to the Reinvestment Yield with respect to such Called Principal. 

“Reinvestment Yield” means, with respect to the Called Principal of any Note, 0.50% (i.e., 50 basis points) over the
yield to maturity implied by (i) the yields reported as of 10:00 a.m. (New York City time) on the second Business Day preceding the Settlement Date with respect to such Called Principal, on the display designated as “Page PX1” (or
such other display as may replace Page PX1) on Bloomberg Financial Markets for the most recently issued actively traded on the run U.S. Treasury securities having a maturity equal to the Remaining Average Life of such Called Principal as of such
Settlement Date, or (ii) if such yields are not reported as of such time or the yields reported as of such time are not ascertainable (including by way of interpolation), the Treasury Constant Maturity Series Yields reported, for the
latest day for which such yields have been so reported as of the second Business Day preceding the Settlement Date with respect to such Called Principal, in Federal Reserve Statistical Release H.15 (or any comparable successor publication) for
actively traded on the run U.S. Treasury securities having a constant maturity equal to the Remaining Average Life of such Called Principal as of such Settlement Date. 

In the case of each determination under clause (i) or clause (ii), as the case may be, of the preceding paragraph, such implied
yield will be determined, if necessary, by (a) converting U.S. Treasury bill quotations to bond equivalent yields in accordance with accepted financial practice and (b) interpolating linearly between (1) the applicable actively traded
on the run U.S. Treasury security with the maturity closest to and greater than such Remaining Average Life and (2) the applicable actively traded on the run U.S. Treasury security with the maturity closest to and less than such Remaining
Average Life. The Reinvestment Yield shall be rounded to the number of decimal places as appears in the interest rate of the applicable Note. 

“Remaining Average Life” means, with respect to any Called Principal, the number of years (calculated to the nearest one-twelfth year) obtained by dividing (i) such Called Principal into (ii) the sum of the products obtained by multiplying (a) the principal component of each

  
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Remaining Scheduled Payment with respect to such Called Principal by (b) the number of years (calculated to the nearest one-twelfth year) that will
elapse between the Settlement Date with respect to such Called Principal and the scheduled due date of such Remaining Scheduled Payment. 

“Remaining Scheduled Payments” means, with respect to the Called Principal of any Note, all payments of such Called Principal
and interest thereon that would be due after the Settlement Date with respect to such Called Principal if no payment of such Called Principal were made prior to its scheduled due date, provided that if such Settlement Date is not a date on
which interest payments are due to be made under the terms of the Notes, then the amount of the next succeeding scheduled interest payment will be reduced by the amount of interest accrued to such Settlement Date and required to be paid on such
Settlement Date pursuant to Section 8.2 or Section 12.1. 
 “Settlement Date” means, with respect to the Called
Principal of any Note, the date on which such Called Principal is to be prepaid pursuant to Section 8.2 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires. 

Section 8.7.    Change of Control.    (a) Notice of Change of
Control. The Obligors will, within 20 Business Days after any Responsible Officer has knowledge of the occurrence of any Change of Control give written notice of such Change of Control to each holder of Notes. If a Change of Control has
occurred, such notice shall contain and constitute an offer to prepay Notes as described in subparagraph (b) of this Section 8.7 and shall be accompanied by the certificate described in subparagraph (e) of this Section 8.7. 

(b)    Offer to Prepay Notes. The offer to prepay Notes contemplated by subparagraph (a) of this
Section 8.7 shall be an offer to prepay, in accordance with and subject to this Section 8.7, all, but not less than all, the Notes held by each holder (in this case only, “holder” in respect of any Note registered in the
name of a nominee for a disclosed beneficial owner shall mean such beneficial owner) on a date specified in such offer (the “Proposed Prepayment Date”). If such Proposed Prepayment Date is in connection with an offer contemplated by
subparagraph (a) of this Section 8.7, such date shall be not less than 30 days and not more than 60 days after the date of such offer (if the Proposed Prepayment Date shall not be specified in such offer, the Proposed Prepayment
Date shall be the 45th day after the date of such offer). 
 (c)    Acceptance; Rejection. A holder of Notes may
accept or reject the offer to prepay made pursuant to this Section 8.7 by causing a notice of such acceptance or rejection to be delivered to the Company at least 5 Business Days prior to the Proposed Prepayment Date. A failure by a holder of
Notes to respond to an offer to prepay made pursuant to this Section 8.7, or to accept an offer as to all of the Notes held by the holder, in each case on or before the fifth (5th) Business Day preceding the Proposed Prepayment Date shall be
deemed to constitute a rejection of such offer by such holder. 
 (d)    Prepayment. Prepayment of the Notes to
be prepaid pursuant to this Section 8.7 shall be at 100% of the principal amount of such Notes, together with interest on such Notes accrued to the date of prepayment. 

  
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 (e)    Officer’s Certificate. Each offer to prepay the Notes
pursuant to this Section 8.7 shall be accompanied by a certificate, executed by a Senior Financial Officer of the Company and dated the date of such offer, specifying: (i) the Proposed Prepayment Date; (ii) that such offer is made
pursuant to this Section 8.7; (iii) the principal amount of each Note offered to be prepaid; (iv) the interest that would be due on each Note offered to be prepaid, accrued to the Proposed Prepayment Date; (v) that the conditions
of this Section 8.7 have been fulfilled; and (vi) in reasonable detail, the nature and date or proposed date of the Change of Control. 

(f)    Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this
Section 8.7 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section 8.1 by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal
amount of the Notes outstanding immediately prior to such payment. 
 (g)    “Change of Control”
Defined. “Change of Control” means an event or series of events by which: 

(1)    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 Parent Guarantor entitled to vote generally in the election of the directors of the Parent Guarantor; or 

(2)    the majority of the board of directors of the Parent Guarantor fails to consist of Continuing
Directors; or 
 (3)    except as expressly permitted under the terms of this Agreement, any Obligor or
any Subsidiary that is a borrower under the Credit Agreement (each, a “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 an Obligor or any Subsidiary Borrower, in either event pursuant to a transaction in which the outstanding Capital Stock of such Obligor or such Subsidiary Borrower, as applicable, is reclassified or
changed into or exchanged for cash, securities or other property; or 
 (4)    except as otherwise
expressly permitted under the terms of this Agreement, the Parent Guarantor 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. 

For purposes of the preceding definition, a “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 date of 

  
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the Closing, 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. 
 Notwithstanding the foregoing, the consummation of the Tech Business Sale shall not constitute a Change of Control.

 Section 8.8.    Termination of Transaction Agreement or Failure to
Consummate the Shaw Acquisition. (a)(1) If (A) the Transaction Agreement is terminated prior to the consummation of the Shaw Acquisition, (B) the Company does not consummate the Shaw Acquisition on or prior to June 30, 2013 or
(C) the Escrowed Closing Proceeds have not been released from escrow in accordance with the terms of the Escrow Agreement on or prior to June 30, 2013 (each, a “Termination Event”), the Company shall provide
written notice within one day of the occurrence of a Termination Event to each holder of Notes. Upon the occurrence of a Termination Event, the Company shall have the right to prepay, in accordance with and subject to Section 8.8(b), all, but
not less than all, the outstanding Notes at the Termination Price and (ii) a Termination Event, each holder of a Note shall have the right to require the Company to purchase all of its Notes at the Termination Price in accordance with and
subject to Section 8.8(c), in each case, together with interest on all such Notes accrued to the date of prepayment or purchase by the Company, as applicable. 

(2)    If an Escrow Agreement Default Event has occurred, the Company shall have the right to prepay, in accordance with
and subject to Section 8.8(b), all, but not less than all, the outstanding Notes of any Objecting Holder at the Termination Price, together with interest on all such Notes accrued to the date of prepayment by the Company. 

(b)    Right to Prepay Notes. If the Company exercises its right to prepay the outstanding Notes pursuant to
subparagraph (a) of this Section 8.8, the Company shall provide prior written notice within ten (10) Business Days of any Termination Event or Default Termination Event (the “Termination Event Prepayment Notice”) to
each holder or each Objecting Holder, as applicable, and shall prepay the Notes on a date specified in such notice, which date shall be not less than five (5) Business Days after the date of such notice (the “Termination Event
Prepayment Date”). The Termination Event Prepayment Notice shall be accompanied by a certificate, executed by a Senior Financial Officer of the Company and dated the date of such notice, specifying: (i) the Termination Event Prepayment
Date; (ii) that the prepayment of the Notes is being made pursuant to this Section 8.8; (iii) the principal amount of each Note being prepaid; (iv) the Termination Price of each Note being prepaid; and (v) the interest that
would be due on each Note offered being prepaid, accrued to the Termination Event Prepayment Date. 
 (c)    Purchase
of Notes. If the Company does not exercise its right to prepay the outstanding Notes pursuant to subparagraph (b) of this Section 8.8 with respect to a Termination Event (as evidenced by the provision of a Termination Event Prepayment
Notice as set forth in such section with respect to such Termination Event), any holder (in this case only, “holder” in 

  
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respect of any Note registered in the name of a nominee for a disclosed beneficial owner shall mean such beneficial owner) may require the Company to purchase all of the Notes held by such holder
as contemplated by subparagraph (a) of this Section 8.8, by providing a written request to the Company within forty-five (45) Business Days of any Termination Event (each, a “Termination Event Purchase Request”). The
Company shall purchase all Notes held by such holder on a date mutually agreed to by the Company and such holder, provided that such date shall not be less than five (5) Business Days and not more than fifteen (15) Business Days after the
Termination Event Purchase Request (the “Termination Event Purchase Date”). In connection with the purchase of any Note pursuant to this Section 8.8, the Company shall provide the holder of such Note a certificate, executed by
a Senior Financial Officer of the Company, specifying: (i) the Termination Event Purchase Date, (ii) that such purchase is being made pursuant to this Section 8.8; (iii) the principal amount of each Note being purchased by the
Company; (iv) the Termination Price of each Note being purchased by the Company; and (v) the interest that would be due on each Note being purchased by the Company, accrued to the Termination Event Purchase Date. 

(d)    Release of Escrowed Proceeds. If any holder has yet to timely notify the Company of the exercise of its
right to require the Company to purchase all of its Notes pursuant to Section 8.8(c) by the 15th day preceding the expiration of the time period set forth in Section 8.8(c), then the Company shall send written notice to such holder (in
this case only, “holder” in respect of any Note registered in the name of a nominee for a disclosed beneficial owner shall mean such beneficial owner), requesting confirmation as to whether such holder desires to exercise its rights
pursuant to Section 8.8(c). If the Company does not exercise its right to prepay the outstanding Notes within the time period set forth in Section 8.8(b) with respect to a Termination Event or any holder does not exercise its right to
require the Company to purchase all of its Notes within the time period set forth in Section 8.8(c), the Escrowed Proceeds (other than amounts, if any, owing to any holder that has timely exercised its rights pursuant to Section 8.8(c),
but has yet to receive payment for its Notes) shall be released, free and clear of any Liens in favor of the holders, from escrow to the Company on September 30, 2013. 

SECTION 9. AFFIRMATIVE COVENANTS. 

Each Obligor, jointly and severally, covenants that from and after the date of the Closing and so long as any of the Notes are outstanding:

 Section 9.1.    Compliance with Law. Without limiting
Section 10.5, each Obligor will, and will cause each of its Subsidiaries to, comply with all laws, ordinances or governmental rules or regulations to which each of them is subject, including, without limitation, ERISA, Environmental Laws, the
USA Patriot Act and the other laws and regulations that are referred to in Section 5.16, and will obtain and maintain in effect all licenses, certificates, permits, franchises and other governmental authorizations necessary to the ownership of
their respective properties or to the conduct of their respective businesses, in each case to the extent necessary to ensure that non-compliance with such laws, ordinances or governmental rules or regulations
or failures to obtain or maintain in effect such licenses, certificates, permits, franchises and other governmental authorizations would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

  
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Section 9.2.    Insurance. (a) Each Obligor will, and, if not
maintained by an Obligor, will cause each of its Subsidiaries to, maintain, with financially sound and reputable insurers, insurance with respect to their respective properties and businesses against such casualties and contingencies, of such types,
on such terms and in such amounts (including deductibles, co-insurance and self-insurance, if adequate reserves are maintained with respect thereto) as is customary in the case of entities of established
reputations engaged in the same or a similar business and similarly situated; and (b) the Obligors and each applicable Note Party shall, without limiting the foregoing, at all times, (i) maintain, if available, fully paid flood hazard
insurance with respect to each Mortgaged Property containing a Building (as defined in Section 208.25 of Regulation H of the FRB) that is located in a special flood hazard area, as designated by the Federal Emergency Management Agency of the
United States Department of Homeland Security (“FEMA”), on such terms and in such amounts as required by The National Flood Insurance Reform Act of 1994 or as otherwise reasonably required by the Collateral Agent, (ii) upon
request, furnish to the Collateral Agent evidence of the renewal of all such policies, and (iii) furnish to the Collateral Agent written notice of any redesignation by FEMA of any such Building into or out of a special flood hazard area
promptly upon obtaining knowledge of such redesignation. Additionally, the Company shall deliver to the Collateral Agent (x) standard flood hazard determination forms and (y) if any Mortgaged Property is located in a special flood hazard
area (A) notices to (and confirmations of receipt by) such Note Party as to the existence of a special flood hazard and, if applicable, the unavailability of flood hazard insurance under the National Flood Insurance Program and
(B) evidence of applicable flood insurance, if available, in each case in such form, on such terms and in such amounts as required by The National Flood Insurance Reform Act of 1994 or as otherwise required by the Collateral Agent. The Note
Parties shall deliver to the Collateral Agent at the Collateral Agent’s request an Authorization to Share Insurance Information. 

Section 9.3.    Maintenance of Properties. Each Obligor will, and
will cause each of its Subsidiaries to, maintain and keep, or cause to be maintained and kept, their respective properties in good repair, working order and condition (other than ordinary wear and tear), so that the business carried on in connection
therewith may be properly conducted at all times, provided that this Section shall not prevent either Obligor or any Subsidiary from discontinuing the operation and the maintenance of any of its properties if such discontinuance is desirable
in the conduct of its business and such Obligor has concluded that such discontinuance would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

Section 9.4.    Payment of Taxes and Claims. Each Obligor will, and
will cause each of its Subsidiaries to, file all material tax returns required to be filed in any jurisdiction and to pay and discharge all taxes shown to be due and payable on such returns and all other taxes, assessments, governmental charges, or
levies imposed on them or any of their properties, assets, income or franchises, to the extent the same have become due and payable and before they have become delinquent and all claims for which sums have become due and payable that have or might
become a Lien on properties or assets of either Obligor or any Subsidiary, provided that neither any Obligor nor any Subsidiary need pay any such tax, assessment, charge or levy or 

  
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claim if the amount, applicability or validity thereof is contested by such Obligor or such Subsidiary on a timely basis in good faith and in appropriate proceedings, and such Obligor or
such Subsidiary has established adequate reserves therefor in accordance with GAAP on the books of such Obligor or such Subsidiary. 

Section 9.5.    Corporate Existence, Etc. Subject to
Section 10.2, each Obligor will at all times preserve and keep its corporate existence in full force and effect. Subject to Sections 10.2 and 10.3, each Obligor will at all times preserve and keep in full force and effect the corporate
existence of each of its Subsidiaries and all rights and franchises of the Obligors and their Subsidiaries unless, in the good faith judgment of the Obligors, the termination of or failure to preserve and keep in full force and effect such corporate
existence, right or franchise would not, individually or in the aggregate, have a Material Adverse Effect. 

Section 9.6.    Books and Records. Each Obligor will, and will cause
each of its Subsidiaries to, maintain proper books of record and account in conformity with GAAP and all applicable requirements of any Governmental Authority having legal or regulatory jurisdiction over such Obligor or such Subsidiary, as the case
may be. The Company will, and will cause each of its Subsidiaries to, keep books, records and accounts which, in reasonable detail, accurately reflect all transactions and dispositions of assets. Upon the request of the Required Holders, the Parent
Guarantor shall turn over copies of any such records to the holders of the Notes or their representatives. The Company and its Subsidiaries have devised a system of internal accounting controls sufficient to provide reasonable assurances that their
respective books, records, and accounts accurately reflect all transactions and dispositions of assets and the Company will, and will cause each of its Subsidiaries to, continue to maintain such system. 

Section 9.7.    Pari Passu Ranking. Prior to the Collateral
Effective Date, the Notes (in the case of the Company) and all other obligations under this Agreement and the other Financing Agreements of each Note Party are and at all times shall remain direct and unsecured obligations of such Note Party, as
applicable, ranking at least pari passu in right of payment with all Indebtedness outstanding under the Credit Agreements and all other present and future unsecured Indebtedness (actual or contingent) of such Note Party that is not expressed
to be subordinate or junior in rank to any other unsecured Indebtedness of such Note Party. From and after the Collateral Effective Date, the Notes (in the case of the Company) and all other obligations under this Agreement and the other Financing
Agreements of each Note Party will be and at all times thereafter shall remain direct and secured obligations of such Note Party ranking at least pari passu in right of payment with all secured Indebtedness outstanding under the Transaction
Facilities and other secured Credit Agreements. 

Section 9.8.    Subsidiary Guarantors. The Obligors will cause the
Initial Subsidiary Guarantors and, after the date of Closing, any Subsidiary which is required by the terms of any Credit Agreement to become obligated for, or otherwise guarantee, Indebtedness of either Obligor in respect of any Credit Agreement,
to deliver to each of the holders of the Notes (concurrently with the delivery thereof under such Credit Agreement) or to the Collateral Agent, as applicable, subject to the Agreed Collateral Principles and Sections 2.2 and 2.3 of the US Security
Agreement, the following items: 
 (a)    a duly executed Subsidiary Guarantee in scope, form and
substance reasonably satisfactory to the Required Holders or a joinder agreement in respect of the Subsidiary Guarantee, as applicable; 

  
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 (b)    (A) where a security interest is being granted by a
Domestic Subsidiary under the laws of any state of the United States, or under the laws of the District of Columbia, a Security Joinder Agreement of such Subsidiary (including without limitation completed schedules and supplements thereto as well
as, to the extent applicable, intellectual property security interest notices executed in blank in accordance with the terms of the U.S. Security Agreement), together with such Uniform Commercial Code financing statements naming such Subsidiary as
“Debtor” and naming the Collateral Agent for the benefit of the Secured Creditors as “Secured Party,” in form, substance and number sufficient in the reasonable opinion of the Collateral Agent and its special counsel to be filed
in all Uniform Commercial Code filing offices in all jurisdictions in which filing is necessary or advisable to perfect in favor of the Collateral Agent for the benefit of the Secured Creditors the Lien on Collateral conferred under such Security
Document to the extent such Lien may be perfected by Uniform Commercial Code filing or (B) in all other cases, such instruments, agreements and other documents as are effective under the applicable local law to grant a valid and perfected
security interest (or the local law equivalent thereof) in favor of the Collateral Agent for the benefit of the Secured Creditors in the Collateral of the relevant Subsidiary; 

(c)    Mortgages, together with Mortgage Instruments, with respect to each individual real property (and
related improvements) with a fair market value in excess of $2,500,000 (as determined by the Company and the Collateral Agent in good faith) owned by such Subsidiary, together with evidence that the casualty and other insurance (including, without
limitation, flood insurance) required pursuant to the Financing Agreements is in full force and effect; provided that with respect to any real property being added as Collateral, the Company will give at least 45 days’ prior written
notice prior to pledging such real property to the Collateral Agent, and, upon confirmation from the Collateral Agent that all flood insurance due diligence and flood insurance compliance verification has been completed, such real property may be
pledged; 
 (d)    if the Subsidiary Securities issued by such Subsidiary that are, or are required to
become, Pledged Interests are owned by a Subsidiary who has not then executed and delivered to the Collateral Agent a security agreement granting a Lien to the Collateral Agent, for the benefit of the Secured Creditors, in such Equity Interests,
(A) where the relevant Pledged Interests may be validly pledged under the laws of any state of the United States, or under the laws of the District of Columbia, (x) a Security Agreement Joinder executed by the Subsidiary that directly owns
such Subsidiary Securities, and (y) if such Subsidiary Securities shall be owned by the Company or a Subsidiary who has previously executed a U.S. Security Agreement, a security agreement supplement in form and substance reasonably acceptable
to the Collateral Agent, pertaining to such Subsidiary Securities or (B) in all other cases, such instruments, agreements and other documents as are effective under applicable local law to grant a valid and perfected security interest (or the
equivalent thereof under local law) in favor of the Collateral Agent, for the benefit of the Secured Creditors, in the Subsidiary Securities issued by such Subsidiary; 

  
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 (e)    if the Pledged Interests issued by such Subsidiary
constitute securities under (and which are capable under applicable law of being pledged pursuant to the provisions of) Article 8 of the Uniform Commercial Code, (a) the certificates representing 100% of such Subsidiary Securities and
(b) duly executed, undated stock powers or other appropriate powers of assignment in blank affixed thereto; 

(f)    where relevant or required under applicable law for the creation or perfection of security
instruments in the relevant jurisdiction, a supplement to the appropriate schedule (or other documents which are effective under applicable law to grant a security interest or pledge in the relevant Collateral) attached to the appropriate Security
Documents listing the additional Collateral, certified as true, correct in all material respects and complete by the Responsible Officer (provided that the failure to deliver such supplement shall not impair the rights conferred under the Security
Documents in after-acquired Collateral); 
 (g)    documents of the types referred to in
Section 4.3(b) and, if requested by the Collateral Agent, customary opinions of counsel to such Subsidiary (including, without limitation, customary opinions as to the Liens created by the applicable Security Documents executed by such Person
in favor of the Collateral Agent for the benefit of the Secured Creditors in the Collateral of such Person), all in form, content and scope reasonably satisfactory to the Collateral Agent; 

(h)    a certificate signed by an authorized Responsible Officer of each Obligor making representations and
warranties to the effect of those contained in Sections 5.1, 5.2, 5.4, 5.6, 5.7 and 5.19, with respect to such Subsidiary and its Subsidiary Guarantee, as applicable; 

(i)    with respect to each Material Subsidiary incorporated under the laws of the United States of
America, any state thereof or the District of Columbia, and with respect to any other Subsidiary Guarantor upon request by the Required Holders, an opinion of counsel addressed to each of the holders of the Notes reasonably satisfactory to the
Required Holders, to the effect that the Subsidiary Guarantee by such Person has been duly authorized, executed and delivered and that the Subsidiary Guarantee constitutes the legal, valid and binding obligation of such Person, enforceable in
accordance with its terms, except as an enforcement of such terms may be limited by bankruptcy, insolvency, fraudulent conveyance and similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles and
containing other usual and customary assumptions, qualifications and exceptions; and 
 (j)    such other
assurances, certificates, documents, consents or opinions as the Collateral Agent reasonably may require. 

  
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 Notwithstanding anything contained in clause (d) above, (1) in the event any such Subsidiary
is a Domestic Subsidiary that is a “disregarded entity” for United States federal income tax purposes (a “Domestic Disregarded Subsidiary”), and such Domestic Disregarded Subsidiary owns stock in a Direct Foreign
Subsidiary, then the Subsidiary Securities of such Domestic Disregarded Subsidiary shall not be pledged or provide any guaranty or serve as collateral in connection herewith; provided, however, that only the assets of such Domestic
Disregarded Subsidiary (other than the stock in the Direct Foreign Subsidiary) shall be pledged or provide any guaranty or serve as collateral in connection herewith, as well as up to sixty-five percent (65%) in the aggregate of the Voting
Securities and 100% of any other Subsidiary Securities of such Direct Foreign Subsidiary of such Domestic Disregarded Subsidiary, subject to such further limitations as otherwise provided herein and (2) in the event any such Subsidiary
is a Domestic Subsidiary that is a U.S. entity that is treated as a corporation for U.S. federal income tax purposes substantially all of the fair market value of whose assets consist of one or more controlled foreign corporations within the meaning
of Section 957 of the Code (a “US CFC HoldCo”), then the Subsidiary Securities of such US CFC HoldCo shall not be pledged or provide any guaranty or serve as collateral in connection herewith; provided, however, that up to
sixty-five percent (65%) in the aggregate of the Voting Securities and 100% of any other Subsidiary Securities of such US CFC HoldCo shall be pledged or serve as collateral in connection herewith. 

If any Subsidiary otherwise required to become a Subsidiary Guarantor under this Section 9.8 is a joint venture or
unincorporated association, and such Subsidiary’s becoming a Subsidiary Guarantor shall be restricted by such Subsidiary’s constitutive documents, then, provided such Subsidiary is not obligated under any Credit Agreement for more than the
Limited Guarantee Amount, notwithstanding anything to the contrary contained in any Financing Agreement, the obligations guaranteed by such Subsidiary under the Subsidiary Guarantees shall not be required to exceed the amount (the
“Limited Guarantee 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. 

In the event any Subsidiary otherwise required to become a Subsidiary Guarantor under this Section 9.8 would cause the Company adverse
tax consequences if it were to become a Subsidiary Guarantor or is restricted from becoming a Subsidiary Guarantor as a result of domestic laws or otherwise, the Required Holders may, in their discretion, permit such Subsidiary to be treated as an
Excluded Foreign Subsidiary, and, accordingly, such Subsidiary would not be required to become a Subsidiary Guarantor. 

Section 9.9.    Maintenance of Ownership. The Company shall at all times
remain a Subsidiary of the Parent Guarantor and the Parent Guarantor shall at all times own, directly or indirectly, 100% of all equity interests and voting interests of the Company free and clear of any Lien other than any Liens granted to secure
Senior Secured Indebtedness pursuant to the Transaction Facilities. 

  
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 Section 9.10.    Maintenance of Rating on
Notes. The Company will at all times maintain a rating by a Designated Rating Agency on the Notes. The Company shall notify each holder of a Note in writing of any change in, or withdrawal of, the rating on the Notes, and of its receipt of any
written notice that such a change or withdrawal is likely to occur (and of any resulting obligation to pay the fee pursuant to Section 9.12(a)) promptly, and in any event within 5 days, thereafter. 

Section 9.11.    Most Favored Lender Status. 

(a)    If at any time after the date of this Agreement (i) any Credit Agreement contains a covenant (whether
constituting a covenant or event of default) by an Obligor (A) to maintain the Leverage Ratio (or a similar covenant or limitation on Indebtedness contained in any such Credit Agreement) at a level more favorable to the lenders under such
Credit Agreement than the level set forth in Section 10.7, (B) to maintain a minimum amount of Consolidated Net Worth (or a similar covenant contained in any such Credit Agreement), (C) to maintain the Fixed Charge Coverage Ratio (or
a similar covenant contained in any such Credit Agreement) at a level more favorable to the lenders under such Credit Agreement than the level set forth in Section 10.9, (D) constituting an Additional Covenant (in addition to the covenants
described in clauses (i), (ii) and (iii) above) or (E) constituting an Additional Default, together with all definitions and interpretive provisions from such Credit Agreement to the extent used in relation thereto, or (ii) the
Required Holders, acting in their sole discretion, determine that the Parent Guarantor or any Subsidiary has provided any other creditor with greater rights, protections, compensation or other benefits under any instruments relating to Indebtedness
than the holders of the Notes have received under this Agreement or any other Financing Agreement (any such provision described in clauses (i) or (ii) above, a “Most Favorable Covenant”), then the Obligors shall provide a Most
Favored Lender Notice in respect of such Most Favorable Covenant. Such Most Favorable Covenant shall be deemed automatically incorporated by reference into this Agreement, mutatis mutandis, as if set forth in full herein, effective as of the
date when such Most Favorable Covenant shall have become effective under such Credit Agreement (unless such date is prior to the date of the Closing, in which case such covenant will be deemed incorporated effective as of the date of the Closing).
Thereafter, upon the request of any holder of a Note, the Obligors shall, as soon as reasonably practicable, enter into any additional agreement or amendment to this Agreement and any other Financing Agreement reasonably requested by such holder to
further evidence any of the foregoing. 
 (b)    “Most Favored Lender Notice” means, in respect of any
Most Favorable Covenant, a written notice to each of the holders of the Notes (and in the case if any Note registered in the name of a nominee for a disclosed beneficial owner, to such beneficial owner, rather than such nominee, on the date of such
notice) delivered promptly, and in any event within ten Business Days after the inclusion of such Most Favorable Covenant in any Credit Agreement from a Responsible Officer referring to the provisions of this Section 9.11 and setting forth a
reasonably detailed description of such Most Favorable Covenant and related explanatory calculations, as applicable. 

(c)    For the avoidance of doubt, in no event shall the Leverage Ratio set forth in Section 10.7 or the Fixed Charge
Coverage Ratio set forth in Section 10.9 and related definitions contained in this Agreement be deemed or construed to be loosened or relaxed by operation of the terms of this Section 9.11. 

  
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 Section 9.12.    Payment of
Certain Fees. 
 (a)    Investment Grade Rating. If on the last day of any fiscal quarter, the Company fails
to have an Investment Grade Rating on the Notes, the Obligors shall pay a fee (a “Rating Fee”) to each holder in an amount equal to 1.50% (150 bps) per annum (0.375% (37.50 bps) per quarter) of the aggregate principal amount of
Notes held by such holder as of such last day, payable within 30 days of such last day; provided, that if at any time the Leverage Fee (defined in clause (b) below) payable pursuant to Section 9.12(b)(ii) is also payable, the Rating
Fee payable pursuant to this Section 9.12(a) shall be an amount equal to 1.00% (100 bps) per annum (0.25% (25 bps) per quarter) of the aggregate principal amount of Notes held by such holder. For purposes of clarity, at any time that both the
Rating Fee and Leverage Fee are payable, the aggregate fees payable under this Section 9.12 shall equal 2.00% (200 bps) per annum (0.50% (50 bps) per quarter) as of such last day. 

(b)    Leverage Ratio. During the period beginning with the fiscal quarter ending December 31, 2016 and ending
December 31, 2018: 
 (i)    if the Leverage Ratio as of the last day of any fiscal quarter is
greater than 3.00 to 1.00 and less than or equal to 3.50 to 1.00, the Obligors shall pay a fee to each holder of the Notes equal to 0.50% (50 bps) per annum (0.125% (12.5 bps) per quarter) of the aggregate principal amount of Notes held by such
holder as of such last day, or 
 (ii)    if the Leverage Ratio as of the last day of any fiscal quarter
is greater than 3.50 to 1.00, the Obligors shall pay a fee to each holder of the Notes equal to 1.00% (100 bps) per annum (0.25% (25 bps) per quarter) of the aggregate principal amount of Notes held by such holder as of such last day. 

The fee payable pursuant to this Section 9.12(b) is referred to herein as the “Leverage Fee”. The Leverage Fee shall be payable with
respect to the fiscal quarter in which such ratio exceeded 3.00:1.00 on the date of delivery of corresponding financial statements pursuant to Section 7.1(a) or Section 7.1(b) and, in any event, not later than the last date such financial
statements are required to be delivered, if not earlier delivered. Payment of the Leverage Fee shall not excuse or cure any Default or Event of Default arising from the Obligors’ failure to comply with the terms of
Section 10.7. 
 (c)    Any fee payable pursuant to Section 9.12(a) or
Section 9.12(b) shall be in addition to any increased interest payable at any applicable Default Rate and any other amount due in connection with an Event of Default. 

Section 9.13.    Mandatory Offer of Prepayment in Connection with Tech
Business Sale. (a) In the event the Tech Business Sale is consummated following the consent of the Required Holders thereto as required by Section 10.3(b)(3) and so long as (1) the Notes have not been accelerated prior to the
closing of such sale and (2) such sale is consummated on or prior to 

  
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February 28, 2018 (or such later date as the Required Holders may agree in the exercise of their discretion), the Obligors shall apply the Net Cash Proceeds of the Tech Business Sale to
prepay Senior Indebtedness outstanding under this Agreement and the other Transaction Facilities on a pro rata basis, based on the Applicable Balances outstanding under the Transaction Facilities as of the date on which the Tech
Business Sale is consummated (such pro rata portion of Net Cash Proceeds applicable to the Notes, herein the “Ratable Amount”), in accordance with this Section 9.13. The Obligors shall immediately deposit the Net Cash
Proceeds received from the Tech Business Sale in a blocked account held with the Collateral Agent, for the benefit of the Secured Creditors, on the date on which the Tech Business Sale is consummated and promptly (and in any event within five
(5) Business Days) following the closing of the Tech Business Sale, make a written offer to prepay the Notes in an aggregate amount equal to the Ratable Amount (which Ratable Amount shall include interest accrued to the proposed date of
prepayment) and the Modified Make-Whole Amount, specifying a prepayment date that is not later than thirty days following the closing of the Tech Business Sale. Such offer of prepayment shall be made pro rata among all of the Notes under this
Agreement, without regard to series. Following the application of such Net Cash Proceeds to prepay the Applicable Balances outstanding under the 2015 Term Loan Agreement, the 2013 Revolving Credit Agreement and the 2015 Revolving Credit Agreement
but pending the prepayment of the Notes as contemplated by this Section 9.13, the remaining balance of the Net Cash Proceeds shall be held in such blocked account with the Collateral Agent for the benefit of the holders of the Notes and the
2015 Notes. If (x) a holder of the Notes or a holder of 2015 Notes declines all or a portion of its pro rata share of such prepayment, or (y) the Applicable Balance allocable to the lenders under the 2013 Revolving Credit Agreement
and the 2015 Revolving Credit Agreement exceeds the Applicable Outstandings thereunder as of the Relevant Completion Date, the amount of such declined proceeds and any such excess as provided in clauses (x) and (y) above, shall be offered on a
pro rata basis to the holders of the Notes and the 2015 Notes that have accepted such initial offer of prepayment and the lenders under the other Transaction Facilities based on the Applicable Balances thereof (it being agreed that any such
secondary offer may be made concurrently with the initial offer). The initial offer to prepay the Notes shall be made pursuant to Section 8.5 of this Agreement. The failure of any holder to respond to the offer shall be deemed an acceptance of
the offer. Any acceptance (or deemed acceptance) by a holder of such initial prepayment offer shall be deemed to constitute an acceptance of any such secondary offer. To the extent any Net Cash Proceeds of the Tech Business Sale offered to
the holders of the Notes for prepayment are ultimately declined for prepayment (after any declined proceeds are re-offered to the holders of Notes and holders of 2015 Notes that have accepted the initial offer
of prepayment, as provided above), the amount of such declined proceeds shall be applied by the Obligors to prepay Senior Indebtedness outstanding under the other Transaction Facilities, as determined by the Company. Proceeds payable to a holder
pursuant to this Section 9.13 shall be applied, first, to accrued interest on the principal balance being repaid to the date of payment, second, to the principal balance of the Notes, and finally, to the Modified Make-Whole Amount in accordance
with the Intercreditor Agreement as proposed to be amended pursuant to Section 9.13(b) or the subordination terms of Section 9.13(b), as applicable. 

(b)     Notwithstanding anything else in this Agreement, prior to the consummation of the Tech Business Sale, the
Obligors, the Collateral Agent, the Required Holders, and any other requisite parties to the Intercreditor Agreement shall enter into an amendment to the Intercreditor 

  
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Agreement (which shall be in form and substance satisfactory to the Required Holders, the requisite holders under the 2015 NPA, the Collateral Agent and any requisite parties under (1) the
2013 Revolving Credit Agreement, (2) the 2015 Revolving Credit Agreement and (3) the 2015 Term Loan Agreement) which (i) subordinates the payment of the Modified Make-Whole Amount to the payment in full in cash of the Maximum Senior
Obligations; and (ii) amends other terms of the Intercreditor Agreement necessary to reflect the subordination of the Modified Make-Whole Amount described in the previous clause.    The Noteholders expressly agree and
acknowledge that in the event that the Obligors, the Required Holders, the Collateral Agent, the requisite holders under the 2015 NPA and any requisite parties under the (1) 2013 Revolving Credit Agreement, (2) the 2015 Revolving Credit
Agreement and (3) the 2015 Term Loan Agreement fail to reach agreement on the amendment to the Intercreditor Agreement prior to the consummation of the Tech Business Sale, but (x) the Required Holders have consented to the Tech Business
Sale (whether or not the other conditions set forth in Section 10.3(b) have been satisfied) and (y) no Event of Default (under and as defined in any of the Transaction Facilities, as in effect on the Seventh Amendment Effective Date) has
occurred and is continuing on the date the Tech Business Sale has been consummated or will result therefrom, then the Obligors and the Collateral Agent shall apply the Net Cash Proceeds from such sale to payment in full in cash of the Maximum Senior
Obligations in accordance with the terms of the Transaction Facilities prior to any distribution on account of the Modified Make-Whole Amount due under Section 9.13 hereof or under Section 9.13 of the 2015 NPA. The Collateral Agent on
behalf of all Secured Creditors, is a third party beneficiary of this Section 9.13(b) and this section shall not be amended without its consent. 

Section 9.14.    Special Mandatory Offers of Prepayment. 

(a)    If the Parent Guarantor or any of its Subsidiaries Disposes of any property in accordance with and permitted by
Section 10.3(a)(2), Section 10.3(a)(4) (excluding a Permitted Sale and Leaseback Transaction under clause (a)(i) of the definition thereof) or Section 10.3(a)(6) hereof, then the Obligors shall apply 100% of the Net Cash Proceeds of
such Disposal to the pro rata payment of Senior Indebtedness outstanding under this Agreement and the other Transaction Facilities. Such prepayment of the Notes shall be made pursuant to a written offer of prepayment at a price equal to 100%
of the principal amount to be prepaid (at par) plus accrued interest to the date of prepayment, and as otherwise more fully set forth in Section 9.14(d) below; provided that the Tech Business Sale shall be governed
by and subject to Section 9.13. For the avoidance of doubt, “property” includes Equity Interests of any other Person by the Person making the applicable Disposition. 

(b)    Upon the incurrence or issuance by the Parent Guarantor or any of its Subsidiaries of any unsecured Indebtedness
and/or Indebtedness that is subordinated or otherwise junior to the Notes (including any Subordinated Indebtedness), in each case, pursuant to a capital markets transaction or any substitutions thereof, in each case after the Sixth Amendment
Effective Date, the Obligors shall apply 100% of the Net Cash Proceeds of such incurrence or issuance to the pro rata payment of Senior Indebtedness outstanding under this Agreement and the other Transaction Facilities. Such prepayment of the
Notes shall be made pursuant to a written offer of prepayment at a price equal to 100% of the principal amount to be prepaid, accrued interest thereon to the date of prepayment, and the Modified Make-Whole Amount, and as otherwise more fully set
forth in Section 9.14(d) below. 

  
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 (c)    From and after the Seventh Amendment Effective Date, upon the issuance
by the Parent Guarantor or any of its Subsidiaries of any of its own Capital Stock (other than any issuance of Capital Stock in connection with employee benefit arrangements), the Obligors shall apply 100% of the Net Cash Proceeds of such issuance
to the pro rata payment of Senior Indebtedness outstanding under this Agreement and the other Transaction Facilities. Such prepayment of the Notes shall be made pursuant to a written offer of prepayment at a price equal to 100% of the
principal amount to be prepaid, accrued interest thereon to the date of prepayment, and the Modified Make-Whole Amount, and as otherwise more fully set forth in Section 9.14(d) below. 

(d)    Each prepayment of Senior Indebtedness outstanding under this Agreement and the other Transaction Facilities
pursuant to any Disposition, incurrence of Indebtedness, issuance of Capital Stock or event or claim giving rise to Net Insurance/Condemnation Proceeds as described in this Section 9.14 (a “Prepayment
Event”) shall be made on a pro rata basis based on the Applicable Balance outstanding under the Transaction Facilities as of the Relevant Completion Date (such pro rata portion of Net Cash Proceeds or Net
Insurance/Condemnation Proceeds applicable to the Notes, herein the “Section 9.14 Ratable Amount”). The Obligors shall deposit the Net Cash Proceeds or the Net Insurance/Condemnation Proceeds, as applicable, from
any such Prepayment Event in a blocked account held with the Collateral Agent, for the benefit of the Secured Creditors, on the Relevant Completion Date and promptly (and in any event within five (5) Business Days) following the Relevant
Completion Date, make a written offer to prepay the Notes in an aggregate amount equal to the Section 9.14 Ratable Amount, together with accrued interest thereon and the Modified Make-Whole Amount, if applicable, specifying a prepayment date
that is not later than 30 days following the closing of the Prepayment Event. Such offer of prepayment shall be made pro rata among all of the Notes under this Agreement, without regard to series. Following the application of such Net Cash
Proceeds or Net Insurance/Condemnation Proceeds, as applicable, to prepay the Applicable Balances outstanding under the 2015 Term Loan Agreement, the 2013 Revolving Credit Agreement and the 2015 Revolving Credit Agreement but pending the prepayment
of the Notes as contemplated by this Section 9.14, the remaining balance of the Net Cash Proceeds or Net Insurance/Condemnation Proceeds, as applicable, shall be held in such blocked account with the Collateral Agent for the benefit of the
holders of the Notes and the 2015 Notes. If (x) a holder of the Notes or a holder of 2015 Notes declines all or a portion of its pro rata share of such prepayment, or (y) the Applicable Balance allocable to the lenders under the
2013 Revolving Credit Agreement and the 2015 Revolving Credit Agreement exceeds the Applicable Outstandings thereunder as of the Relevant Completion Date, the amount of such declined proceeds and any such excess as provided in clauses (x) and
(y) above, shall be offered on a pro rata basis to the holders of the Notes and the 2015 Notes that have accepted such initial offer of prepayment and the lenders under the other Transaction Facilities based on the Applicable Balances thereof
(it being agreed that any such secondary offer may be made concurrently with the initial offer). The initial offer to prepay the Notes shall be made pursuant to Section 8.5 of this Agreement. The failure of any holder to respond to the offer
shall be deemed an acceptance of the offer. Any acceptance (or deemed acceptance) by a holder of such initial prepayment 

  
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offer shall be deemed to constitute an acceptance of any such secondary offer. To the extent any Net Cash Proceeds or Net Insurance/Condemnation Proceeds of a Prepayment Event offered to the
holders of the Notes for prepayment are ultimately declined for prepayment (after any declined proceeds are re-offered to the holders of Notes and holders of 2015 Notes that have accepted the initial offer of
prepayment, as provided above), the amount of such declined proceeds shall be applied by the Obligors to prepay Senior Indebtedness outstanding under the other Transaction Facilities, as determined by the Company. Proceeds payable to each holder
pursuant to Section 9.14 shall be applied, first, to accrued interest on the principal balance being repaid to the date of payment, second, to the Modified Make-Whole Amount, if any, and finally, to the principal balance of the Notes. 

(e)    If the Parent Guarantor or any of its Subsidiaries receives any Net Insurance/Condemnation Proceeds, the Company
shall prepay an aggregate principal amount of the Notes and other Senior Indebtedness under the Transaction Facilities equal to 100% of such Net Insurance/Condemnation Proceeds immediately upon receipt thereof by such Person (such prepayments to be
made and applied as set forth in clause (d) above); provided that, if, prior to the date any such prepayment is required to be made, the Parent Guarantor notifies the holders of the Notes of its intention to reinvest all or any portion of the
Net Insurance/Condemnation Proceeds in assets used or useful in the business (other than cash or Cash Equivalents) of the Parent Guarantor or any of its Subsidiaries up to a maximum of $25,000,000 in respect of each individual event or claim giving
rise to Net Insurance/Condemnation Proceeds (such Net Insurance/Condemnation Proceeds or portion thereof, the “Eligible Reinvestment Proceeds”), then so long as (a) no Default or Event of Default has occurred and is continuing
and (b) such Eligible Reinvestment Proceeds are held in a blocked account opened with the Collateral Agent, for the benefit of the Secured Creditors, until such time as they are reinvested, the Company shall not be required to make a mandatory
prepayment under this clause (e) in respect of such Eligible Reinvestment Proceeds to the extent such Eligible Reinvestment Proceeds are so reinvested within 180 days following receipt thereof, or if the Parent Guarantor or any of its
Subsidiaries has committed to so reinvest such Eligible Reinvestment Proceeds during such 180-day period and such Eligible Reinvestment Proceeds are so reinvested within 90 days after the expiration of such 180-day period; provided further that, if any Eligible Reinvestment Proceeds have not been so reinvested prior to the expiration of the applicable period, the Parent Guarantor shall promptly prepay the outstanding
principal amount of the Notes and other Indebtedness with the Eligible Reinvestment Proceeds not so reinvested as set forth in clause (d) above (without regard to the immediately preceding proviso). Any such prepayment of the Notes pursuant to
this Section 9.14(e) shall be made pursuant to a written offer of prepayment to the holders of the Notes at a price equal to 100% of the principal amount to be prepaid (at par) plus accrued interest to the date of prepayment, and as otherwise
more fully set forth in Section 9.14(d) above. 

Section 9.15.    Collateral Delivery Obligation. 

(a)    Within the time periods specified in Section 9.15(c) below, all obligations under the Notes, this Agreement
and the other Financing Agreements shall be secured by valid and perfected first priority Liens and security interests in all of the Collateral, subject to (x) Liens permitted under this Agreement, (y) the Agreed Collateral Principles and
(z) Sections 2.2 and 2.3 of the U.S. Security Agreement 

  
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 Notwithstanding the foregoing, in no event shall the Collateral include any property to the
extent that such grant of a security interest would contravene the Agreed Collateral Principles or Section 2.3 of the U.S. Security Agreement (other than with respect to any request by the Collateral Agent contemplated thereunder) (the
“Excluded Collateral”). 
 The “Agreed Collateral Principles” are as follows: (i) no lien by any
Person organized outside of the United States shall be made that would result in any breach of any law or regulation (or analogous restriction) of the jurisdiction of organization of such Person or result in any risk to the officers or directors of
such Person or a civil or criminal liability, (ii) the Note Parties shall take all such actions as may be necessary to create and perfect security interests in motor vehicles and any other assets subject to a certificate of title to the extent
requested by the Required Holders, and (iii) the Note Parties shall take all reasonable actions necessary to create and perfect security interests in all property (other than Excluded Collateral) of the Note Parties subject to the laws of the
United Kingdom, Liechtenstein, Netherlands, Curaçao, Australia, Canada and each other non-U.S. jurisdiction reasonably required by the Required Holders (including, if so required, entering into local law-governed instruments pledging the Capital Stock of foreign Subsidiaries), it being expressly acknowledged that in certain jurisdictions it may be (A) impossible or impractical (including for legal and
regulatory reasons) to create security over certain categories of assets or (B) it may take longer than agreed upon to grant or create such security over certain categories of assets, in which event the Required Holders will act reasonably in
granting the necessary extension of timing for obtaining such security, provided, that with respect to subsections (A) and (B), the applicable Note Party has exercised commercially reasonable efforts in providing such security. 

(b)    Notwithstanding anything to the contrary in this Agreement or the Financing Agreements, the Liens on the Collateral
shall be created pursuant to security agreements and other instruments (the “Security Documents”) in favor of the Collateral Agent for the equal and ratable benefit of the holders of the Notes, the holders of the 2015 Notes, and the
credit providers (including, without limitation, lenders, providers of cash management and hedge obligations) under each of the 2013 Revolving Credit Agreement, the 2015 Revolving Credit Agreement, the 2015 Term Loan Agreement and the letter of
credit facilities referred to in clause (v) below, in each case, that are parties to the hereinafter defined Intercreditor Agreement, and securing the relevant Note Party’s obligations under such Transaction Facilities and the letter of
credit facilities referred to in clause (v) below. The enforcement of the rights and benefits in respect of the Security Documents will be subject to the Intercreditor Agreement. 

(c)    The Liens and security interests on the Collateral contemplated hereby shall be granted and perfected within the
following time periods: (i) for Collateral with respect to which Liens may be perfected by filing of a UCC-1 financing statement, within 21 days following the Sixth Amendment Effective Date and for
Collateral of any Note Party organized under the laws of the United States, any state thereof or the District of Columbia that may not be perfected by filing of a UCC-1 financing statement, within the time
period set forth in and to the extent required by the Seventh Amendment and the Security Documents to which such Note Party is a party as in effect on the Seventh Amendment Effective Date, (ii) for all Collateral of the Note Parties organized
under the laws of the United Kingdom and the Netherlands to the extent perfection thereof is governed by the laws of such jurisdictions, respectively, on or prior to the 

  
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Seventh Amendment Effective Date (or such later date as set forth in the Security Documents therefor as in effect on the Seventh Amendment Effective Date) and (iii) for all Collateral of the
Note Parties organized under the laws of Liechtenstein, Curaçao, Australia or Canada to the extent perfection thereof is governed by the laws of such jurisdictions, respectively, within 30 days following the Seventh Amendment Effective Date
or such other date as may be specified in Annex VIII to the Seventh Amendment, (iv) with respect to all real property of the Note Parties located in the United States and valued in excess of $2,500,000, within 30 days following request by the
Collateral Agent in accordance herewith (or such later date as may be agreed to by the Required Holders) and (vi) for all other Collateral, within 60 days following the written request of the Required Holders, subject to the Agreed Collateral
Principles, Sections 2.2 and 2.3 of the U.S. Security Agreement and as may otherwise be agreed by the Required Holders. 

(d)    Bank of America, N.A. shall act as the “collateral agent” (including any successors, the
“Collateral Agent”) under the Security Documents and any other security instruments, and each of the holders hereby irrevocably appoints and authorizes Bank of America, N.A. (i) to act as the agent of such holder for purposes
of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Note Parties to secure any of the obligations under the Notes and the other Financing Agreements, together with such powers and discretion as are reasonably
incidental thereto, in all cases, subject to the Intercreditor Agreement, and (ii) to enter into security documents and any other related security instruments on behalf of the holders. 

(e)    The Obligors shall promptly upon execution thereof provide the Collateral Agent with copies of all executed
Security Documents and all documents and instruments evidencing that the Liens and security interests contemplated hereby have been filed for record or have been otherwise perfected. 

(f)    Upon the grant of Liens and security interests pursuant to this Section 9.15, the remedies available to the
holders under Section 12.2 hereof at any time an Event of Default has occurred and is continuing shall include the right to enforce any Security Document, subject to the Intercreditor Agreement and the terms of such Security Documents. 

Section 9.16.    Financial Advisor. In consideration of the
execution and delivery by the holders of the Sixth Amendment, the Obligors have agreed that the holders of the Notes and the holders of the 2015 Notes shall be entitled to engage Evercore Group L.L.C. and RPA Advisors, LLC (or any replacement
thereof or successor thereto designated by the Required Holders) as financial advisors to such holders (together, the “Financial Advisor”) not later than July 15, 2017. The Obligors agree (a) to cooperate
with the holders in the engagement of the Financial Advisor, which engagement shall be on terms reasonably acceptable to the Obligors, including terms of confidentiality reasonably acceptable to the Obligors and the Required Holders (provided
the selection of the Financial Advisor shall be in the sole discretion of the holders), and (b) to provide (i) financial information requested by the Financial Advisor regarding the Parent Guarantor and its Subsidiaries, their businesses
and properties, and (ii) access to senior management of the Obligors and their Subsidiaries, in each case, in accordance with the Engagement Letter. The Obligors agree to pay the fees and expenses of the Financial Advisor in accordance with the
Engagement Letter. The obligations of the Obligors with respect to the 

  
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Financial Advisor shall end on the date following the Sixth Amendment Effective Date on which the Senior Secured Leverage Ratio has been less than 2.50 to 1.00 for four (4) consecutive
fiscal quarters (as evidenced to the holders and such evidence reasonably satisfactory to the Required Holders). 

Section 9.17.    Appraisals. The Collateral Agent or the holders of
Notes may obtain from time to time an appraisal of all or any part of any Collateral, prepared in accordance with written instructions from the Collateral Agent or the Required Holders, from a third-party appraiser satisfactory to, and engaged
directly by, the Required Holders. The cost of any appraisal shall be borne by the Obligors and such cost shall be part of the Indebtedness, and constitute an obligation (without duplication under any Transaction Facility) hereunder and shall be
payable by the Obligors to the holders on written demand (which obligation the Obligors hereby promise to pay). 

Section 9.18.    Further Assurances. Promptly upon request by the
Collateral Agent or the Required Holders, the Company and its Subsidiaries shall (a) correct any material defect or error that may be discovered in any Financing Agreement or in the execution, acknowledgment, filing or recordation thereof, and
(b) do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further
acts, deeds, certificates, assurances and other instruments as the Collateral Agent or the Required Holders may reasonably require from time to time in order to (i) carry out more effectively the purposes of the Financing Agreements,
(ii) to the fullest extent permitted by applicable law, subject any Collateral Note Party’s properties, assets, rights or interests to the Liens now or hereafter intended to be covered by any of the Security Documents, subject to the terms
thereof, (iii) perfect and maintain the validity, effectiveness and priority of any of the Security Documents and any of the Liens intended to be created thereunder and (iv) assure, convey, grant, assign, transfer, preserve, protect and
confirm more effectively unto the Secured Creditors the rights granted or now or hereafter intended to be granted to the Secured Creditors under any Financing Agreement or under any other instrument executed in connection with any Financing
Agreement to which any Note Party is or is to be a party. 

Section 9.19.    Strategic Review. Effective as of August 9,
2017, the Parent Guarantor’s financial advisor, FTI Consulting, Inc. (“FTI”), shall engage in a strategic review of the Parent Guarantor and its business in light of the Tech Business Sale, with a focus on alternative
deleveraging strategies and detailed implementation of same, such review to be conducted in accordance with, and a report and presentation in respect thereof to be given to the holders on the dates specified in, the addendum to that certain
engagement contract, dated May 18, 2017, between the Parent Guarantor and FTI. The Parent Guarantor shall not amend, modify, vary or supplement the scope of FTI’s engagement for the strategic review or terminate such engagement, at any
time on and following the Seventh Amendment Effective Date, without the prior written consent of the Required Holders (provided that the Required Holders’ written consent shall not be required to the extent the scope of the FTI engagement is
expanded or broadened, so long as a copy of the FTI engagement letter documenting such expanded scope is promptly delivered to the holders of the Notes upon being agreed between FTI and the Parent Guarantor). FTI shall present a report of its
findings to the Parent Guarantor’s Board of Directors no later than October 8, 2017. Within five (5) Business Days following FTI’s 

  
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presentation to the Parent Guarantor’s Board of Directors, the Parent Guarantor and FTI shall meet with the holders of the Notes and their professional advisors to discuss any strategic
alternatives and/or initiatives to be recommended as a result of the strategic review. 
 SECTION 10. NEGATIVE
COVENANTS. 
 Each Obligor, jointly and severally, covenants that from and after the date of the Closing and so long as
any of the Notes are outstanding: 
 Section 10.1.    Transactions
with Affiliates. Other than transactions otherwise permitted by Section 10.11, the Obligors will not, and will not permit any Subsidiary to, enter into directly or indirectly any transaction (including without limitation the purchase,
lease, sale or exchange of properties of any kind or the rendering of any service) with any Affiliate (other than the Obligors or a Note Party), or make loans or advances to any holder or holders of any Equity Interests of the Parent Guarantor,
except in the ordinary course and pursuant to the reasonable requirements of any Obligor’s or such Note Party’s business and upon fair and reasonable terms no less favorable to such Obligor or such Note Party than would be obtainable in a
comparable arm’s-length transaction with a Person not an Affiliate. 

Section 10.2.    Merger, Consolidation, Etc. The Obligors will not,
and will not permit any Subsidiary to, consolidate with or merge with any other Person, or liquidate, wind-up or dissolve (or suffer any liquidation or dissolution) or convey, transfer or lease (as lessor) all
or substantially all of its assets in a single transaction or series of related transactions to any Person, (each such transaction a “Fundamental Change”), except: 

(a)    the Parent Guarantor may consolidate with or merge with, or convey, transfer or lease substantially
all of its assets in a single transaction or series of related transactions to, any other Person if (i) the successor formed by such consolidation or the survivor of such merger or the Person that acquires by conveyance, transfer or lease all
or substantially all of the assets of the Parent Guarantor as an entirety, as the case may be (the “Surviving Parent”), shall be a solvent corporation or limited liability company organized and existing under the laws of an
Acceptable Jurisdiction, (ii) if the Parent Guarantor is not the Surviving Parent, the due and punctual performance and observation of all of the obligations in the Financing Agreements to be performed or observed by the Parent Guarantor are
expressly assumed in writing by the Surviving Parent and the Surviving Parent shall furnish to the holders of the Notes an opinion of nationally recognized independent counsel to the effect that each agreement or instrument effecting such assumption
has been duly authorized, executed and delivered and constitutes the legal, valid and binding obligation of the Surviving Parent enforceable in accordance with its terms, except as enforcement of such terms may be limited by bankruptcy, insolvency,
reorganization, moratorium and similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles and containing other usual and customary assumptions, qualifications and exceptions, (iii) each of the
Subsidiary Guarantors shall have confirmed and ratified in writing reasonably satisfactory to the Required Holders its obligations under its Subsidiary Guarantee, and (iv) immediately before and after giving effect to any such transaction, no
Default or Event of Default shall have occurred and be continuing; 

  
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 (b)    the Company may consolidate with or merge with, or
convey, transfer or lease substantially all of its assets in a single transaction or series of related transactions to, any other Person if (i) the successor formed by such consolidation or the survivor of such merger or the Person that
acquires by conveyance, transfer or lease all or substantially all of the assets of the Company as an entirety, as the case may be (the “Surviving Company”), shall be a solvent corporation or limited liability company organized and
existing under the laws of the United States or any State thereof (including the District of Columbia), (ii) if the Company is not the Surviving Company, the due and punctual performance and observation of all of the obligations in the
Financing Agreements (including the Notes) to be performed or observed by the Company are expressly assumed in writing by the Surviving Company and the Surviving Company shall furnish to the holders of the Notes an opinion of nationally recognized
independent counsel to the effect that each agreement or instrument effecting such assumption has been duly authorized, executed and delivered and constitutes the legal, valid and binding obligation of the Surviving Company, enforceable in
accordance with its terms, except as enforcement of such terms may be limited by bankruptcy, insolvency, reorganization, moratorium and similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles
and containing other usual and customary assumptions, qualifications and exceptions, (iii) each of the Parent Guarantor and Subsidiary Guarantors shall have confirmed and ratified in writing reasonably satisfactory to the Required Holders its
obligations under the Parent Guarantee and Subsidiary Guarantee, respectively, and (iv) immediately before and after giving effect to any such transaction, no Default or Event of Default shall have occurred and be continuing; 

(c)    a Subsidiary of the Parent Guarantor may be merged into or consolidated with the Parent Guarantor
(in which case the Parent Guarantor shall be the surviving corporation) or any wholly-owned Subsidiary of the Parent Guarantor provided the Parent Guarantor 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 (i) a Non-Collateral Note Party, the surviving Subsidiary shall be a Note Party hereunder
or (ii) a Collateral Note Party, the surviving Subsidiary shall be a Collateral Note Party hereunder; 

(d)    Fundamental Changes permitted under Sections 10.1, 10.3 and 10.11; and 

(e)    any liquidation of any Subsidiary of the Parent Guarantor, provided the holder of its Equity
Interests, to whom its assets upon liquidation are distributed, is the Parent Guarantor or another Subsidiary of the Parent Guarantor, as applicable; 

(f)     any Material Subsidiary may dissolve, liquidate or wind-up
its affairs at any time if such dissolution, liquidation or winding up is not disadvantageous to the holders of the Notes in any material respect (as determined by the Required Holders and notified to the Parent Guarantor); and 

  
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 (g)     any Subsidiary that is not a Material Subsidiary may
dissolve, liquidate or wind-up its affairs at any time. 
 No such conveyance, transfer or lease of substantially
all of the assets of any Obligor or any Subsidiary Guarantor shall have the effect of releasing any Obligor or any Subsidiary Guarantor or any Surviving Parent, Surviving Company or any other Person that becomes the surviving or continuing Person in
the manner prescribed in this Section 10.2 from its liability under the Financing Agreements, the Notes or any Subsidiary Guarantee, as applicable. 

Section 10.3.    Sales of Assets. (a) At all times from and
after the Seventh Amendment Effective Date, the Obligors will not, and will not permit any Subsidiary to, consummate any Asset Sale, except: 

(1)     sales of inventory in the ordinary course of business; 

(2)     the Disposition in the ordinary course of business of equipment that is obsolete, excess or no longer used or
useful in the Parent Guarantor’s or its Subsidiaries’ businesses; 
 (3)     (i) Dispositions of assets from a
Collateral Note Party to any other Collateral Note Party, (ii) Dispositions of assets from a Non-Collateral Note Party to a Collateral Note Party, (iii) Dispositions of assets from a Non-Note Party to the Parent Guarantor or any of its Subsidiaries, (iv) Dispositions of assets from a Collateral Note Party to a Non-Collateral Note Party made in the
ordinary course of business and upon fair and reasonable terms no less favorable to such Collateral Note Party than would be obtainable in a comparable arm’s length transaction with a Person that is neither the Parent Guarantor nor one of its
Subsidiaries, and (v) Dispositions of assets in the ordinary course of business from a Note Party to a Subsidiary of the Parent Guarantor that is not a Note Party and not otherwise prohibited by this Agreement in an aggregate amount not to
exceed $25,000,000 in the aggregate from and after the Sixth Amendment Effective Date; 
 (4)    the Permitted Sale and
Leaseback Transactions; 
 (5)    [Reserved]; 

(6)    other leases, sales or other Dispositions of assets not otherwise permitted by this Section 10.3(a) (but for
the avoidance of doubt, not including the Tech Business Sale) if such transaction (A) is for consideration consisting of one hundred percent (100%) cash, (B) is for not less than fair market value (as determined in good faith by the Parent
Guarantor’s board of directors), and (C) has been approved in writing by the Required Holders prior to the consummation thereof; and 

  
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 (7)    Dispositions in connection with the Tech Business Sale (A) so
long as the Obligors comply with the requirements of Section Section 9.13 in connection therewith, and (B) either (i) the requirements of Section 10.3(b) have been met, or (ii) the Required Holders otherwise consent to the
consummation of the Tech Business Sale. 
 (b)    The Obligors shall (1) prepare a confidential
information memorandum, financial model and transaction structure memorandum, in each case, for the Tech Business Sale (collectively, the “Tech Sale Marketing Materials”), and deliver copies of such Tech Sale Marketing Materials to
the Required Holders no later than September 8, 2017, (2) prepare, for distribution to prospective purchasers, a form of purchase and sale agreement for the Tech Business Sale, in form and substance reasonably satisfactory to the Required
Holders, by no later than October 15, 2017; (3) obtain the prior written consent of the Required Holders to the final terms and conditions upon which the Tech Business Sale will be completed (including, without limitation, as to purchase price,
closing conditions, holdbacks, etc.) prior to the execution of any definitive purchase and sale documentation, (4) execute definitive purchase and sale documentation in form and substance satisfactory to the Required Holders on or before
December 8, 2017, provided the Required Holders may, in their sole discretion, extend such deadline for up to 15 days at no additional cost or expense to the Obligors (to the extent such extension relates solely to the extension of such
deadline), (5) prior to the consummation of the Tech Business Sale, deliver detailed information regarding the closing calculations for the Tech Business Sale, including estimated working capital adjustments, which shall be reasonably acceptable to
the Required Holders, and (6) consummate the Tech Business Sale (and the accompanying closing funds flow) on or before December 27, 2017, provided, that at no additional cost to the Obligors, the Required Holders may, in their sole
discretion, extend such deadline for up to 64 days at no additional cost or expense to the Obligors (to the extent such extension relates solely to the extension of such deadline). 

Section 10.4.    Line of Business. The Obligors will not, and will
not permit any Subsidiary to, engage in any business if, as a result, the general nature of the business in which the Obligors and their Subsidiaries, taken as a whole, would then be engaged would be substantially changed from the general nature of
the business in which the Obligors and their Subsidiaries, taken as a whole, are engaged on the date of this Agreement as described in the Memorandum. 

Section 10.5.    Terrorism Sanctions Regulations. The Obligors will not, and will not
permit any Controlled Entity to, (i) become a Blocked Person or (ii) have any investments in, or knowingly (as such term is defined in Section 101(6) of CISADA) engage in any dealings or transactions with, any Blocked Person where
solely by virtue of such investments, dealings, or transactions would result in either (A) any Obligor or any Controlled Entity being in violation of applicable law in any material respect or (B) any holder of a Note being in violation of
any OFAC Sanctions Laws. 

  
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 Section 10.6.    Liens.
The Obligors will not, and will not permit any Subsidiary to, create, incur, assume or permit to exist (upon the happening of a contingency or otherwise) any Lien securing Indebtedness for borrowed money on or with respect to any property or asset
(including, without limitation, any document or instrument in respect of goods or accounts receivable) of any Obligor or any such Subsidiary, whether now owned or held or hereafter acquired, or any income or profits therefrom, or assign or otherwise
convey any right to receive income or profits, except: 
 (a)     Liens (other than Environmental Liens
and Liens in favor of the Internal Revenue Service or the PBGC) for taxes, assessments or other governmental charges which are not yet due and payable or the payment of which is not at the time required by Section 9.4; 

(b)    statutory Liens of landlords and carriers’, warehousemen’s, mechanics’,
materialmen’s, repairmen’s and other like Liens, arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days or are being contested by any Obligor or such Subsidiary on a timely basis in
good faith and in appropriate proceedings in compliance with Section 9.4; 
 (c)    pledges and
deposits made in the ordinary course of business in compliance with workers’ compensation, unemployment insurance, pensions or other employee benefits and other social security laws or regulations; provided that all such Liens do not in the
aggregate materially detract from the value of the Parent Guarantor’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; 

(d)    any attachment or judgment Lien, unless the judgment it secures shall not, within 30 days after
entry thereof, have been discharged or execution thereof stayed pending appeal, or shall not have been discharged within 30 days after the expiration of such stay; 

(e)    other Liens incidental to the normal course of the business of the Obligors and their Subsidiaries
or the ownership of their property, including, without limitation, deposits and Liens with respect to the performance of statutory obligations, in each case which are not securing Indebtedness, but specifically excluding any such Liens securing the
performance of bids, trade contracts, leases, surety and appeal bonds or performance bonds; 

(f)    covenants, easements, zoning restrictions, rights of way, governmental permitting and operation
restrictions and similar encumbrances on real property imposed by law as arising in the ordinary course of business that do not secure any monetary obligation and do not materially detract from the value of the affected property or interfere with
the ordinary conduct of business of the Obligors and their Subsidiaries taken as a whole; 

  
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 (g)    licenses, leases or subleases granted to other Persons
in the ordinary course of business and not interfering in any material respect with the business of the Obligors and their Subsidiaries; 

(h)    customary bankers’ Liens and rights of setoff arising, in each case, in the ordinary course of
business and incurred on deposits made in the ordinary course of business; 
 (i)    Liens on property or
assets of any Obligor or any of its Subsidiaries securing Indebtedness owing to either Obligor or to a Note Party; 

(j)     Liens on property or assets securing the Indebtedness of any Obligor or any Subsidiary as of the
date of the Closing and reflected in Schedule 5.15, including liens of any Financing Agreement on the Escrowed Closing Proceeds; 

(k)    any Lien created to secure all or part of the purchase price, or to secure Indebtedness incurred or
assumed to pay all or any part of the purchase price or cost of construction or improvement, of property (or any improvement thereon) acquired or constructed by any Obligor or a Subsidiary after the date of the Closing, provided that
(i) any such Lien shall extend solely to the item or items of such property (or improvement thereon and proceeds thereof) so acquired or constructed and, if required by the terms of the instrument originally creating such Lien, other property
(or improvement thereon) which is an improvement to or is acquired or constructed property (or improvement thereon) or which is real property being improved by such acquired or constructed property (or improvement thereon), and (ii) any such
Lien shall be created contemporaneously with, or within 180 days after, the acquisition or construction of such property; 

(l)    any Lien existing on property of a Person immediately prior to its being consolidated with or merged
into either Obligor or a Subsidiary or its becoming a Subsidiary, or any Lien existing on any property acquired by either Obligor or a Subsidiary at the time such property is so acquired (whether or not the Indebtedness secured thereby shall have
assumed), provided that (i) no such Lien shall have been created or assumed in contemplation of such consolidation or merger or such Person’s becoming a Subsidiary or such acquisition of property, and (ii) each such Lien shall
extend solely to the item or items of property so acquired (and proceeds thereof) and, if required by the terms of the instrument originally creating such Lien, other property which is an improvement to or is acquired for specific use in connection
with such acquired property; 
 (m)    any Lien renewing, extending, replacing or refunding any Lien
permitted by paragraphs (j), (k) or (l) of this Section 10.6, provided that (i) the principal amount of Indebtedness secured by such Lien immediately prior to such extension, renewal, replacement or refunding is not increased
or the maturity thereof reduced, (ii) such Lien is not extended to any other property, and (iii) immediately after such extension, renewal, replacement or refunding, no Default or Event of Default would exist; 

  
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 (n)    Liens on pledged cash of the Parent Guarantor and its
Subsidiaries required for notional cash pooling arrangements in the ordinary course of business and not securing Indebtedness for borrowed money; 

(o)    Liens on property or assets of the Parent Guarantor and its Subsidiaries securing Senior
Indebtedness under this Agreement, the Notes and the other Transaction Facilities and the other obligations of the Parent Guarantor and its Subsidiaries under the Transaction Facilities, provided that each lender or holder thereunder (or an
authorized administrative agent on its behalf) is a party to or otherwise bound by the Intercreditor Agreement; and 

(p)    Liens not to exceed $500,000,000, on terms and conditions satisfactory to the Required Holders,
securing performance and financial letters of credit issued by lenders under the 2013 Revolving Credit Agreement, the 2015 Term Loan Agreement and/or the 2015 Revolving Credit Agreement (but outside of such Credit Agreements) to the extent such
Liens (i) arise under the Security Documents (or any other documents that grant a Lien on assets of the Parent Guarantor and its Subsidiaries to secure the obligations hereunder and under the other Transaction Facilities) and (ii) are
subject to the Intercreditor Agreement (up to such $500,000,000 limit), including the requirement that such lenders shall vote in the same class as the lenders under the 2013 Revolving Credit Agreement and the 2015 Revolving Credit Agreement. 

In addition, neither the Parent Guarantor 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 Collateral Agent as collateral for the Notes; 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 Collateral Agent and the holders of the Notes 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 Collateral Agent and the holders of the Notes
unless such Indebtedness is secured equally and ratably with the Notes. 

Section 10.7.    Leverage Ratios, Capital Markets Indebtedness.
(a) The Parent Guarantor shall not permit the ratio (the “Leverage Ratio”) of (i) all Adjusted Indebtedness of the Parent Guarantor and its Subsidiaries as of any date of determination (but excluding Joint
Venture Indebtedness) to (ii) EBITDA for the most recently-ended period of four-fiscal quarters for which financial statements were required to be delivered to exceed the lesser of (x) commencing with the four fiscal quarter period ending
March 31, 2018, 1.75 to 1.00 and (y) the level required to be maintained under a similar leverage covenant contained in any Credit Agreement for such applicable fiscal period. 

(b)    The Leverage Ratio shall be calculated as of the last day of each fiscal quarter commencing with the fiscal quarter
ending March 31, 2018, based upon (A) for Adjusted Indebtedness, Adjusted Indebtedness (but excluding Joint Venture 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. 

  
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 (c)    From and after the Seventh Amendment Effective Date, the Parent
Guarantor shall not, nor shall it permit any Subsidiary to, create, incur, assume or otherwise become directly or indirectly liable with respect to any unsecured Indebtedness pursuant to a capital markets transaction or any substitution thereof,
unless such unsecured Indebtedness constitutes Subordinated Indebtedness. 

Section 10.8.    [Reserved]. 

Section 10.9.    Fixed Charge Coverage Ratio. From and after
March 31, 2018, the Parent Guarantor 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 2.25 to 1.00 for the most recently-ended period of four fiscal quarters for which financial statements were required to be delivered. For purposes of all calculations of the Fixed Charge Coverage Ratio, Interest Expense
attributable to the Notes shall be excluded unless the Release Date occurs. 

Section 10.10.    Indebtedness. (a) After the Seventh Amendment
Effective Date, the Parent Guarantor shall not, nor shall it permit any Subsidiary to, create, incur, assume or otherwise become or remain directly or indirectly liable with respect to any secured Indebtedness except with respect to (i) secured
Indebtedness in existence on the Seventh Amendment Effective Date (and any Permitted Refinancing thereof) to the extent not otherwise in violation of Section 10.10(b) and (ii) to the extent such Indebtedness is secured, Indebtedness
permitted pursuant to Sections 10.10(b)(1), 10.10(b)(2), 10.10(b)(3), 10.10(b)(8), 10.10(b)(10) and 10.10(b)(11) (in each case to the extent that notwithstanding this Section 10.10(a) such Indebtedness is permitted to be secured under this
Agreement). 
 (b)    From and after the Seventh Amendment Effective Date, the Parent Guarantor shall not, nor shall it
permit any Subsidiary to, create, incur, assume or otherwise become or remain directly or indirectly liable with respect to any Indebtedness at any time, except: 

(1)     Indebtedness of the Obligors under this Agreement and of the Subsidiaries under the Subsidiary
Guarantees; 
 (2)     Indebtedness in respect of guaranties executed by any Subsidiary Guarantor with
respect to any Indebtedness of the Parent Guarantor and Indebtedness in respect of guaranties executed by the Parent Guarantor with respect to any Indebtedness of the Parent Guarantor’s Subsidiaries, provided that such underlying Indebtedness
is not incurred by the Parent Guarantor or any such Subsidiary, as applicable, in violation of this Agreement; 
 (3)
    Indebtedness in respect of obligations secured by Customary Permitted Liens; 

  
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 (4)     Indebtedness constituting Contingent Obligations
permitted by Section 10.12; 
 (5)     Unsecured Indebtedness arising from loans from (i) any
Collateral Note Party to any other Collateral Note Party, (ii) any Non-Collateral Note Party to a Note Party, (iii) any Collateral Note Party to a
Non-Collateral Note Party, provided that (A) such Indebtedness has arisen in the ordinary course of business, and (B) to the extent the principal amount of such Indebtedness, is $1,000,000 or
greater, a promissory note evidencing such Indebtedness has been delivered as additional Collateral in favor of the Collateral Agent, (iv) any Non-Note Party to the Parent Guarantor or any of its
Subsidiaries, (v) Lealand Finance Company B.V. to any Subsidiary (other than any Subsidiary Guarantor) in an aggregate outstanding principal amount not to exceed $100,000,000 at any time and (vi) 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 (x) any Note Party is the obligor on such Indebtedness or (y) such Indebtedness has been incurred under clause (v) or (vi)
hereof, such Indebtedness shall be expressly subordinate to the payment in full in cash of the Notes on terms satisfactory to the Required Holders; provided further that the creditor in respect of any such unsecured Indebtedness must be permitted to
make an Investment in the relevant debtor in the amount of such Indebtedness under Section 10.11; 
 (6)
    Indebtedness arising under any Swap Contracts which are not prohibited under Section 10.16; 

(7)     Unsecured Indebtedness with respect to surety, appeal and performance bonds and Performance Letters
of Credit (under and as defined in this Agreement and the Existing Revolving Credit Agreement) obtained by any of the Parent Guarantor’s Subsidiaries in the ordinary course of business and which support only the business activities of the
Parent Guarantor and its Subsidiaries and not those of any other Person (other than in favor of joint ventures otherwise permitted hereunder and the purchaser and its affiliates in connection with Project Jazz); 

(8)     Indebtedness evidenced by letters of credit, bank guarantees or other similar instruments in an
aggregate face amount not to exceed at any time $150,000,000 issued in the ordinary course of business to secure obligations of the Parent Guarantor 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; 

(9)     (i) Permitted Existing Indebtedness and (ii) other Indebtedness, in addition to that referred
to elsewhere in this Section 10.10, incurred by the Parent Guarantor or any of its Subsidiaries, provided that no Default or Event of 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 under this clause (9)(ii) shall not at any time exceed $25,000,000; 

  
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 (10)     Indebtedness of the Obligors and any Subsidiary
Guarantor in respect of (i) the 2013 Revolving Credit Agreement, (ii) the 2015 Revolving Credit Agreement, and (iii) the 2015 Term Loan Agreement (and any Permitted Refinancing in each case thereof), so long as such Indebtedness is
not senior to the Notes in right of payment and is not guaranteed by any Subsidiary that is not a Subsidiary Guarantor; 

(11)     Indebtedness of any Subsidiary Guarantor in respect of the 2015 Notes, so long as such
Indebtedness is not senior to the Notes in right of payment and is not guaranteed by any Subsidiary that is not a Subsidiary Guarantor; and 

(12)     Unsecured Indebtedness incurred by any Borrower or any Subsidiary Guarantor and owing to a joint
venture in which any Borrower or any Subsidiary Guarantor owns any interest in an aggregate outstanding amount not to exceed $750,000,000 at any time. 

Notwithstanding the foregoing, the aggregate outstanding Indebtedness of the Parent Guarantor and its Subsidiaries incurred under Sections 10.10(b)(1),
10.10(b)(9), 10.10(b)(10) and 10.10(b)(11) above shall not at any time exceed an amount equal to (x) from the Seventh Amendment Effective Date through the date of the Tech Business Sale, $3,000,000,000, and (y) thereafter, $2,900,000,000,
less, in each case, the aggregate amount of all scheduled repayments and mandatory prepayments of such Indebtedness (but, in respect of any mandatory prepayments under the 2013 Revolving Credit Agreement and the 2015 Revolving Credit Agreement, only
to the extent the Commitments (as defined the 2013 Revolving Credit Agreement and the 2015 Revolving Credit Agreement, respectively) have been reduced by such prepayment, made after the Seventh Amendment Effective Date up to the date of
determination. 
 Section 10.11.    Investments. Except to the
extent permitted pursuant to Section 10.13, neither the Parent Guarantor nor any of its Subsidiaries shall directly or indirectly make or own any Investment except: 

(a)    Investments in cash and Cash Equivalents; 

(b)    Permitted Existing Investments in an amount not greater than the amount thereof on July 8, 2015; 

(c)    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; 

(d)    Investments consisting of deposit accounts maintained by the Parent Guarantor and its Subsidiaries; 

(e)    Investments consisting of non-cash consideration from a sale, assignment,
transfer, lease, conveyance or other disposition of property permitted by Section 10.3; 

  
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 (f)    Investments (i) in any consolidated Subsidiaries outstanding on
the Sixth Amendment Effective Date, and (ii) after the Sixth Amendment Effective Date, additional Investments (A) by Collateral Note Parties in other Collateral Note Parties, (B) by
Non-Collateral Note Parties in Note Parties, (C) by Non-Note Parties in the Parent Guarantor or any of its Subsidiaries, (D) by Collateral Note Parties in Non-Collateral Note Parties, provided that any such Investment is made in the ordinary course of business, and if taking the form of Indebtedness in a principal amount of $1,000,000 or greater, such Investment shall
be evidenced by a promissory note that is delivered as additional Collateral in favor of the Collateral Agent, and (E) by the Note Parties in consolidated Subsidiaries that are not Note Parties in an aggregate amount invested not to exceed
$15,000,000; provided in each case that the recipient of any such Investment taking the form of Indebtedness is permitted to incur such Indebtedness under Section 10.10; 

(g)    (i) Permitted Existing J/V Investments and (ii) other Investments in joint ventures (other than Subsidiaries)
and nonconsolidated Subsidiaries in an aggregate amount not to exceed $25,000,000 at any time after the Seventh Amendment Effective Date; 

(h)    [Reserved]; 

(i)    Investments constituting Indebtedness permitted by Sections 10.7 and 10.10 or Contingent Obligations permitted
by Section 10.12; 
 (j)    Investments in addition to those referred to elsewhere in this Section 10.11 in an
aggregate amount not to exceed $15,000,000 at any time; provided that any such Investments incurred after the Sixth Amendment Effective Date shall only be permitted to the extent that (i) on the date of such Investment the Leverage Ratio
is less than 3.00 to 1.00 (the Leverage Ratio as evidenced to the holders and such evidence reasonably satisfactory to the Required Holders), and (ii) no Default or Event of Default shall have occurred and be continuing or would result
therefrom; and 
 (k)    Investments of The Shaw Group Inc. and its Subsidiaries permitted under the Transaction
Agreement. 
 Section 10.12.    Contingent Obligations. The
Obligors will not, and will not permit any Subsidiary to, directly or indirectly create or become or be liable with respect to any Contingent Obligation, except: (a) recourse obligations resulting from endorsement of negotiable instruments for
collection in the ordinary course of business; (b) Permitted Existing Contingent Obligations; (c) Contingent Obligations incurred (i) to support the performance of bids, tenders, sales or contracts (other than for the repayment of
borrowed money), or (ii) with respect to surety, appeal and performance bonds obtained by the Parent Guarantor or any Subsidiary (provided that the Indebtedness with respect thereto is permitted pursuant to Sections 10.7 and 10.10)
in each case related to the ordinary course business activities of the Company and its Subsidiaries and not those of any other Person or, solely to the extent of its relative ownership interest therein, any Person (other than a Wholly-Owned
Subsidiary of the Parent Guarantor) in which the Parent Guarantor or any of its Subsidiaries have a joint interest or other ownership interest, in each case in the ordinary course of business; (d) Contingent Obligations of the

  
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Subsidiary Guarantors under the Subsidiary Guarantees and the Parent Guarantor under this Agreement; and (e) Contingent Obligations in respect of the Transaction Facilities and Contingent
Obligations of The Shaw Group Inc. and its Subsidiaries permitted under the Transaction Agreement. 

Section 10.13.    Subsidiaries; Acquisitions. 

(a)    The Parent Guarantor shall not create, acquire or capitalize any Subsidiary after the Sixth Amendment Effective Date
unless (x) no Default or Event of Default shall have occurred and be continuing or would result therefrom; (y) 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 (z) after such creation, acquisition or capitalization the Parent
Guarantor and such Subsidiary shall be in compliance with the terms of Sections 9.8, 9.15, 10.18 and 10.19. 

(b)    From and after the Seventh Amendment Effective Date, neither the Parent Guarantor nor its Subsidiaries shall make
any Acquisitions unless otherwise approved by the Required Holders. 

Section 10.14.    Sales and Leasebacks. Neither the Parent Guarantor
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 permitted under the Transaction Agreement), unless the sale involved is not prohibited under Section 10.3, the lease involved is not prohibited under Section 10.7 and any related Investment is not
prohibited under Sections 10.11. 
 Section 10.15.    Subsidiary
Covenants. Except for any (a) encumbrance or restriction binding upon The Shaw Group Inc. and its Subsidiaries permitted under the Transaction Agreement, (b) encumbrance or restriction contained in any of the Transaction Facilities (or
any amendments or Permitted Refinancings thereof, provided that such amendments or refinancings are no more materially restrictive with respect to such encumbrances and restrictions than those prior to such amendment or refinancing),
(c) customary provisions restricting subletting, assignment of any lease or assignment of any agreement entered into in the ordinary course of business, (d) customary restrictions and conditions contained in any agreement relating to a
sale or disposition not prohibited by Section 10.3 of this Agreement, or (e) any agreement in effect at the time a Subsidiary becomes a Subsidiary, so long as it was not entered into in connection with or in contemplation of such Person
becoming a Subsidiary, the Parent Guarantor 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 Parent Guarantor or any other Subsidiary, make loans or advances or other
Investments in the Parent Guarantor or any other Subsidiary, or sell, transfer or otherwise convey any of its property to the Parent Guarantor or any other Subsidiary, or merge, consolidate with or liquidate into the Parent Guarantor or any other
Subsidiary. 

  
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 Section 10.16.    Swap
Contracts. The Parent Guarantor shall not and shall not permit any of its Subsidiaries to enter into any Swap Contracts, other than Swap Contracts entered into by the Parent Guarantor or its Subsidiaries pursuant to which the Parent Guarantor or
such Subsidiary has hedged its reasonably estimated interest rate, foreign currency or commodity exposure, and which are non-speculative in nature. 

Section 10.17.    Issuance of Disqualified Stock. Neither the Parent
Guarantor, 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. 

Section 10.18.    Non-Guarantor
Subsidiaries. The Parent Guarantor will not at any time permit the sum of the consolidated assets of all of the Parent Guarantor’s Subsidiaries which are not Subsidiary Guarantors (the non-guarantor
Subsidiaries being referred to collectively as the “Non-Obligor Subsidiaries”) to exceed 12.5% of the Parent Guarantor’s and its Subsidiaries Consolidated Total
Assets. For the avoidance of doubt, Excluded Joint Ventures shall be disregarded for purposes of this Section 10.18. 

Section 10.19.    Intercompany Indebtedness. Except as otherwise
permitted by Section 10.10(b)(5), no Note Party shall create, incur, assume or otherwise become or remain directly or indirectly liable with respect to any Indebtedness arising from loans from any Subsidiary that is not a Note Party to any such
Note Party unless (a) such Indebtedness is unsecured and (b) such Indebtedness shall be expressly subordinate to the payment in full in cash of the obligations under the Notes and this Agreement on terms satisfactory to the Required
Holders. 
 Section 10.20.    Restricted Payments. The Parent
Guarantor shall not, nor shall it permit any Subsidiary to, declare, make or pay any Restricted Payments from and after the Seventh Amendment Effective Date, other than (a) payments and prepayments of the Transaction Facilities in accordance
with the terms thereof (each as in effect on the Seventh Amendment Effective Date), provided that any voluntary prepayment under the 2015 Term Loan Agreement or the 2015 NPA and any prepayments made under the 2013 Revolving Credit Agreement
or the 2015 Revolving Credit Agreement as a result of any Note Party’s election to permanently reduce the commitments thereunder shall be made together with voluntary prepayments of the other Transaction Facilities, on a pro rata basis by
reference to the outstanding principal balances thereunder, (b) any Subsidiary may declare and pay dividends ratably with respect to its Equity Interests, and (c) required repurchases of Equity Interests of the Parent Guarantor issued
pursuant to employee benefit arrangements (as in effect on the Seventh Amendment Effective Date) to the extent necessary to pay any withholding taxes in connection therewith. 

  
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 Section 10.21.    Minimum
EBITDA. The Parent Guarantor shall not permit EBITDA for each period of four consecutive fiscal quarters specified below to be less than the amount specified opposite such period below: 

 

					
	 Four Fiscal Quarters Ending
	  	 Minimum EBITDA
	 
	 September 30, 2017
	  	$	500,000,000	 
	 December 31, 2017
	  	$	550,000,000	 
	 March 31, 2018
	  	$	500,000,000	 
	 June 30, 2018
	  	$	450,000,000	 
	 September 30, 2018
	  	$	450,000,000	 
	 December 31, 2018 and each fiscal quarter ending thereafter
	  	$	425,000,000	 

 Section 10.22.    Minimum
Availability. The Parent Guarantor shall not, at any time, permit the aggregate undrawn revolving credit commitments available for borrowing under the 2013 Revolving Credit Agreement and the 2015 Revolving Credit Agreement (“Minimum
Availability”) at such time to be less than (a) during the period commencing on the Seventh Amendment Effective Date through the earlier of (i) the date on which the Tech Business Sale is consummated, and
(ii) February 28, 2018, $150,000,000, and (b) at all times thereafter, $250,000,000. 
 SECTION 11.
EVENTS OF DEFAULT. 
 An “Event of Default” shall exist if any of the
following conditions or events shall occur and be continuing from and after the date of the Closing: 

(a)    the Company defaults in the payment of any principal or Make-Whole Amount, if any, on any Note when
the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration or otherwise; or 

(b)    (i) the Company defaults in the payment of any interest on any Note for more than five
(5) Business Days or any fee payable pursuant to Section 9.12, in either case, after the same becomes due or (ii) any Obligor defaults in the payment of any amount payable pursuant to Section 13 for more than twenty Business Days
after the same becomes due and payable; or 
 (c)    either Obligor defaults in the performance of or
compliance with any term contained in Section 7.1(f), Section 7.1(j), Section 7.1(l) (solely with respect to the letter dated on or about August 9, 2017 and with respect to the matters described therein), Section 7.1(o),
Section 9.7, Section 9.11, Section 9.13, Section 9.14, Section 9.15(c), Section 9.19 or Section 10 (other than Section 10.3(b)(1), (b)(2) and (b)(5)) or Section 3(d) of the Seventh Amendment; or 

  
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 (d)    either Obligor defaults in the performance of or
compliance with any term contained in (i) Section 7.1(n) and such default is not remedied within one day after the earlier of (A) a Responsible Officer obtaining actual knowledge of such default and (B) either Obligor receiving
written notice of such default from any holder of a Note, (ii) either Obligor defaults in the performance of or compliance with any term contained in Section 7.1(l) (other than with respect to the letter dated on or about August 9,
2017 and matters described therein) and such default is not remedied within 10 days after the earlier of (A) a Responsible Officer obtaining actual knowledge of such default and (B) either Obligor receiving written notice of such default
from any holder of a Note, or (iii) either Obligor or any Subsidiary Guarantor defaults in the performance of or compliance with any of its obligations contained herein, in any other Financing Agreement or in a Subsidiary Guarantee,
respectively (in each case, other than those referred to in Sections 11(a), (b), (c), (d)(i) and (d)(ii)), and such default is not remedied within 30 days after the earlier of (A) a Responsible Officer obtaining actual knowledge of such
default and (B) either Obligor receiving written notice of such default from any holder of a Note (any such written notice delivered pursuant to this Section 11(d) to be identified as a “notice of default” and to refer
specifically to this Section 11(d)); or 
 (e)    (i) the Parent Guarantee, any Subsidiary Guarantee
or any other Financing Agreement at any time after its execution and delivery and for any reason other than the agreement of all of the holders of Notes, as permitted hereunder or thereunder, ceases to be a legally valid, binding and enforceable
obligation or contract of the Obligors or a Subsidiary Guarantor, as applicable, or is declared by a court of competent jurisdiction to be null and void, invalid or unenforceable in any respect, (ii) any Note Party denies that it has any or
further liability or obligation under any Financing Agreement, or purports to revoke, terminate or rescind any Financing Agreement in writing, (iii) any Financing Agreement ceases to secure or guaranty the obligations in respect of the Secured
Bank Creditors (as defined in the Intercreditor Agreement) at any time in the same manner as amounts owing to the holders are secured or guaranteed, or (iv) at any time, any Security Document after delivery thereof shall for any reason (other
than pursuant to the terms thereof or solely as a direct result of the action or inaction of the Collateral Agent or any holder) ceases to create a valid and perfected first priority Lien (subject to Liens permitted by Section 10.6 or any other
Financing Agreement) on the Collateral (other than immaterial Collateral) purported to be covered thereby; or 

(f)    any representation or warranty made in writing by or on behalf of either Obligor in any Financing
Agreement or by a Subsidiary Guarantor in its Subsidiary Guarantee or by any officer of either Obligor or any Subsidiary Guarantor in any writing furnished in connection with the transactions contemplated hereby proves to have been false or
incorrect in any material respect on the date as of which made; or 

  
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 (g)    (i) either Obligor or any Subsidiary is in default (as
principal or as guarantor or other surety) in the payment of any principal of or premium or make-whole amount or interest on any Indebtedness that is outstanding in an aggregate principal amount of at least the Threshold Amount, or (ii) either
Obligor or any Subsidiary is in default in the performance of or compliance with any term of any evidence of any Indebtedness in an aggregate outstanding principal amount of at least the Threshold Amount or of any mortgage, indenture or other
agreement relating thereto or any other condition exists, and as a consequence of such default or condition such Indebtedness has become, or has been declared (or one or more Persons are entitled to declare such Indebtedness to be), due and payable
before its stated maturity or before its regularly scheduled dates of payment, (iii) as a consequence of the occurrence or continuation of any event or condition (other than the passage of time or the right of the holder of Indebtedness to
convert such Indebtedness into equity interests), (x) either Obligor or any Subsidiary has become obligated to purchase or repay Indebtedness before its regular maturity or before its regularly scheduled dates of payment in an aggregate
outstanding principal amount of at least the Threshold Amount, or (y) one or more Persons have the right to require any Obligor or any Subsidiary so to purchase or repay such Indebtedness, provided, that for the avoidance of doubt, no Event of
Default shall occur under clause (g)(i), (g)(ii) or (g)(iii) with respect to any bilateral letter of credit facilities unless the aggregate unpaid and/or unreimbursed amount thereunder exceeds $50,000,000, or (iv) there occurs under any Swap
Contract an Early Termination Date (as defined in such Swap Contract) resulting from (A) any event of default under such Swap Contract as to which a Note Party or any Subsidiary thereof is the Defaulting Party (as defined in such Swap Contract)
or (B) any Termination Event (as so defined) under such Swap Contract as to which a Note Party or any Subsidiary thereof is an Affected Party (as so defined) and, in either event, the Swap Termination Value owed by such Note Party or such
Subsidiary as a result thereof is greater than the Threshold Amount; or 
 (h)    either Obligor or any
Subsidiary (i) is generally not paying, or admits in writing its inability to pay, its debts as they become due, (ii) files, or consents by answer or otherwise to the filing against it of, a petition for relief or reorganization or
arrangement (including scheme of arrangement) or any other petition in bankruptcy, for liquidation or to take advantage of any bankruptcy, insolvency, reorganization, moratorium or other similar law of any jurisdiction, (iii) makes an
assignment for the benefit of its creditors, (iv) consents to the appointment of a custodian, receiver, trustee or other officer with similar powers with respect to it or with respect to any substantial part of its property, (v) is
adjudicated as insolvent or to be liquidated, or (vi) takes corporate action for the purpose of any of the foregoing; or 

(i)    a court or Governmental Authority of competent jurisdiction enters an order appointing, without
consent by either Obligor or any of its Subsidiaries, a custodian, receiver, trustee or other officer with similar powers with respect to it or with respect to any substantial part of its property, or constituting an order for relief or approving a
petition for relief or reorganization or any other petition in bankruptcy or for liquidation or to take advantage of any bankruptcy or insolvency law of any jurisdiction, or ordering the dissolution,
winding-up or liquidation of either Obligor or any of its Subsidiaries, or any such petition shall be filed against either Obligor or any of its Subsidiaries and such petition shall not be dismissed within 60
days; or 

  
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 (j)    any event occurs with respect to either Obligor or a
Subsidiary that under the laws of any jurisdiction is analogous to any of the events described in Section 11(h) or (i); provided that the applicable grace period, if any, which shall apply shall be the one applicable to the relevant proceeding
which most closely corresponds to the proceeding described in Section 11(h) or Section 11(i); or 

(k)    a final judgment or judgments for the payment of money aggregating in excess of the Threshold Amount
(to the extent not covered by independent third-party insurance as to which the insurer has been notified and does not dispute coverage) are rendered against one or more of the Obligors and their Subsidiaries and which judgments are not, within 30
days after entry thereof, bonded, discharged or stayed pending appeal, or are not discharged within 30 days after the expiration of such stay; or 

(l)    if (i) any Plan shall fail to satisfy the minimum funding standards of ERISA or the Code for
any plan year or part thereof or a waiver of such standards or extension of any amortization period is sought or granted under section 412 of the Code, (ii) a notice of intent to terminate any Plan shall have been or is reasonably
expected to be filed with the PBGC or the PBGC shall have instituted proceedings under ERISA section 4042 to terminate or appoint a trustee to administer any Plan or the PBGC shall have notified either Obligor or any ERISA Affiliate that a Plan may
become a subject of any such proceedings, (iii) the aggregate “amount of unfunded benefit liabilities” (within the meaning of section 4001(a)(18) of ERISA) under all Plans (other than Multiemployer Plans, determined in accordance with
Title IV of ERISA, shall exceed $25,000,000, (iv) either Obligor or any ERISA Affiliate shall have incurred or is reasonably expected to incur any liability pursuant to Title I or IV of ERISA or the penalty or excise tax provisions of the Code
relating to Employee Benefit Plans, (v) either Obligor or any ERISA Affiliate withdraws from any Multiemployer Plan, or (vi) either Obligor or any Subsidiary establishes or amends any employee welfare benefit plan (as such term is defined
in Section 3 of ERISA) that provides post-employment welfare benefits in a manner that would increase the liability of either Obligor or any Subsidiary thereunder; and any such event or events described in clauses (i) through (vi) above,
either individually or together with any other such event or events, could reasonably be expected to have a Material Adverse Effect; or 

(m)    any Lien purported to be granted from time to time with respect to any property other than
immaterial property pursuant to the terms of any Security Document ceases to be a valid first priority perfected Lien, other than in accordance with the express terms hereof or thereof and other than solely as a direct result of the action or
inaction of the Collateral Agent or holders. 
 SECTION 12. REMEDIES ON DEFAULT,
ETC. 
 Section 12.1.    Acceleration.
(a) If an Event of Default with respect to either Obligor described in Section 11(h), (i) or (j) (other than an Event of Default described in clause (i) of Section 11(h) or described in clause (vi) of Section 11(h) by
virtue of the fact that such clause encompasses clause (i) of Section 11(h)) has occurred, all the Notes then outstanding shall automatically become immediately due and payable. 

  
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 (b)    If any other Event of Default has occurred and is continuing, the
Required Holders may at any time at their option, by notice or notices to the Company, declare all the Notes then outstanding to be immediately due and payable. 

(c)    If any Event of Default described in Section 11(a) or (b) has occurred and is continuing, any holder or
holders of Notes at the time outstanding affected by such Event of Default may at any time, at its or their option, by notice or notices to the Company, declare all the Notes held by it or them to be immediately due and payable. 

Upon any Notes becoming due and payable under this Section 12.1, whether automatically or by declaration, such Notes will forthwith
mature and the entire unpaid principal amount of such Notes, plus (x) all accrued and unpaid interest thereon (including, but not limited to, interest accrued thereon at the Default Rate) and (y) the Make-Whole Amount determined in respect
of such principal amount (to the full extent permitted by applicable law), shall all be immediately due and payable, in each and every case without presentment, demand, protest or further notice, all of which are hereby waived. Each Obligor
acknowledges, and the parties hereto agree, that each holder of a Note has the right to maintain its investment in the Notes free from repayment by the Obligors (except as herein specifically provided for) and that the provision for payment of a
Make-Whole Amount by the Obligors in the event that the Notes are prepaid or are accelerated as a result of an Event of Default, is intended to provide compensation for the deprivation of such right under such circumstances. 

Section 12.2.    Other Remedies. If any Default or Event of Default
has occurred and is continuing, and irrespective of whether any Notes have become or have been declared immediately due and payable under Section 12.1, the holder of any Note at the time outstanding may proceed to direct the Collateral Agent in
accordance with the Intercreditor Agreement to exercise on its behalf all rights and remedies available to the holders under the Security Documents and to protect and enforce the rights of such holder by an action at law, suit in equity or other
appropriate proceeding, whether for the specific performance of any agreement contained herein or in any Note, or for an injunction against a violation of any of the terms hereof or thereof, or in aid of the exercise of any power granted hereby or
thereby or by law or otherwise. 
 Section 12.3.    Rescission. At
any time after any Notes have been declared due and payable pursuant to Section 12.1(b) or (c), the Required Holders or, if the Notes have been declared due and payable pursuant to Section 12.1(c) by any holder or holders of Notes, such
holder or holders, as the case may be, by written notice to the Company, may rescind and annul any such declaration and its consequences if (a) the Obligors have paid all overdue interest on the Notes, all principal of and Make-Whole Amount, if
any, on any Notes that are due and payable and are unpaid other than by reason of such declaration, and all interest on such overdue principal and Make-Whole Amount, if any, and (to the extent permitted by applicable law) any overdue interest in
respect of the Notes, at the Default Rate, (b) neither any Obligor nor any other Person shall have paid any amounts which have become due solely by reason of such 

  
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declaration, (c) all Events of Default and Defaults, other than non-payment of amounts that have become due solely by reason of such declaration, have
been cured or have been waived pursuant to Section 17, and (d) no judgment or decree has been entered for the payment of any monies due pursuant hereto or to the Notes. No rescission and annulment under this Section 12.3 will extend
to or affect any subsequent Event of Default or Default or impair any right consequent thereon. 

Section 12.4.    No Waivers or Election of Remedies, Expenses, Etc.
No course of dealing and no delay on the part of any holder of any Note in exercising any right, power or remedy shall operate as a waiver thereof or otherwise prejudice such holder’s rights, powers or remedies. No right, power or remedy
conferred by the Financing Agreements (including by any Note) upon any holder thereof shall be exclusive of any other right, power or remedy referred to herein or therein or now or hereafter available at law, in equity, by statute or otherwise.
Without limiting the obligations of the Obligors under Section 16, the either Obligors will pay to the holder of each Note on demand such further amount as shall be sufficient to cover all costs and expenses of such holder incurred in any
enforcement or collection under this Section 12, including, without limitation, reasonable attorneys’ fees, expenses and disbursements. 

SECTION 13. TAX INDEMNIFICATION. 

All payments whatsoever under the Financing Agreements required to be made by the Parent Guarantor will be made by the Parent Guarantor in
lawful currency of the United States of America free and clear of, and without liability for withholding or deduction for or on account of, any present or future Taxes of whatever nature imposed or levied by or on behalf of any jurisdiction other
than the United States (or any political subdivision or taxing authority of or in such jurisdiction) (hereinafter a “Taxing Jurisdiction”), unless the withholding or deduction of such Tax is compelled by law. 

If any deduction or withholding for any Tax of a Taxing Jurisdiction shall at any time be required in respect of any amounts to be paid by the
Parent Guarantor under the Financing Agreements, the Parent Guarantor will pay to the relevant Taxing Jurisdiction the full amount required to be withheld, deducted or otherwise paid before penalties attach thereto or interest accrues thereon and
pay to each holder of a Note such additional amounts as may be necessary in order that the net amounts paid to such holder pursuant to the terms of the Financing Agreements after such deduction, withholding or payment (including, without limitation,
any required deduction or withholding of Tax on or with respect to such additional amount), shall be not less than the amounts then due and payable to such holder under the terms of the Financing Agreements before the assessment of such Tax,
provided that no payment of any additional amounts shall be required to be made for or on account of: 

(a)    any Tax that would not have been imposed but for the existence of any present or former connection
between such holder (or a fiduciary, settlor, beneficiary, member of, shareholder of, or possessor of a power over, such holder, if such holder is an estate, trust, partnership or corporation or any Person other than the holder to whom the Notes or
any amount payable thereon is attributable for the purposes of such Tax) and the Taxing Jurisdiction, other than the mere holding of the relevant Note or the receipt of payments thereunder or in respect thereof or the enforcement of remedies in
respect 

  
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thereof, including, without limitation, such holder (or such other Person described in the above parenthetical) being or having been a citizen or resident thereof, or being or having been present
or engaged in trade or business therein or having or having had an establishment, office, fixed base or branch therein, provided that this exclusion shall not apply with respect to a Tax that would not have been imposed but for the Parent Guarantor,
after the date of the Closing, opening an office in, moving an office to, reincorporating in, or changing the Taxing Jurisdiction from or through which payments on account of the Financing Agreements are made to, the Taxing Jurisdiction imposing the
relevant Tax; 
 (b)    any Tax that would not have been imposed but for the delay or failure by such
holder (following a written request by the Parent Guarantor) in the filing with the relevant Taxing Jurisdiction of Forms (as defined below) that are required to be filed by such holder to avoid or reduce such Taxes (including for such purpose any
refilings or renewals of filings that may from time to time be required by the relevant Taxing Jurisdiction), provided that the filing of such Forms would not (in such holder’s reasonable judgment) impose any unreasonable burden (in time,
resources or otherwise) on such holder or result in any confidential or proprietary income tax return information being revealed, either directly or indirectly, to any Person and such delay or failure could have been lawfully avoided by such holder,
and provided further that such holder shall be deemed to have satisfied the requirements of this clause (b) upon the good faith completion and submission of such Forms (including refilings or renewals of filings) as may be specified in a
written request of the Parent Guarantor no later than 60 days after receipt by such holder of such written request (accompanied by copies of such Forms and related instructions, if any); or 

(c)    any combination of clauses (a) and (b) above; 

and provided further that in no event shall the Parent Guarantor be obligated to pay such additional amounts to any holder of a Note (i) not resident in
the United States of America or any other jurisdiction in which an original Purchaser is resident for tax purposes on the date of the Closing in excess of the amounts that the Parent Guarantor would be obligated to pay if such holder had been a
resident of the United States of America or such other jurisdiction, as applicable, for purposes of, and eligible for the benefits of, any double taxation treaty from time to time in effect between the United States of America or such other
jurisdiction and the relevant Taxing Jurisdiction or (ii) registered in the name of a nominee if under the law of the relevant Taxing Jurisdiction (or the current regulatory interpretation of such law) securities held in the name of a nominee
do not qualify for an exemption from the relevant Tax and the Parent Guarantor shall have given timely notice of such law or interpretation to such holder. 

By acceptance of any Note, the holder of such Note agrees, subject to the limitations of clause (b) above, that it will from time to time
with reasonable promptness (x) duly complete and deliver to or as reasonably directed by the Parent Guarantor all such forms, certificates, documents and returns provided to such holder by the Parent Guarantor (collectively, together with
instructions for completing the same, “Forms”) required to be filed by or on behalf of such holder in order to avoid or reduce any such Tax pursuant to the provisions of an applicable

  
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statute, regulation or administrative practice of the relevant Taxing Jurisdiction or of a tax treaty between the United States and such Taxing Jurisdiction and (y) provide the Parent
Guarantor with such information with respect to such holder as the Parent Guarantor may reasonably request in order to complete any such Forms, provided that nothing in this Section 13 shall require any holder to provide information with
respect to any such Form or otherwise if in the opinion of such holder such Form or disclosure of information would involve the disclosure of tax return or other information that is confidential or proprietary to such holder, and provided further
that each such holder shall be deemed to have complied with its obligation under this paragraph with respect to any Form if such Form shall have been duly completed and delivered by such holder to the Parent Guarantor or mailed to the appropriate
taxing authority (which shall be deemed to occur when such Form is submitted to the United States Internal Revenue Service in accordance with instructions contained in such Form), whichever is applicable, within 60 days following a written request
of the Parent Guarantor (which request shall be accompanied by copies of such Form) and, in the case of a transfer of any Note, at least 90 days prior to the relevant interest payment date. 

If any payment is made by the Parent Guarantor to or for the account of the holder of any Note after deduction for or on account of any Taxes,
and increased payments are made by the Parent Guarantor pursuant to this Section 13, then, if such holder at its sole discretion determines that it has received or been granted a refund of such Taxes, such holder shall, to the extent that it
can do so without prejudice to the retention of the amount of such refund, reimburse to the Parent Guarantor such amount as such holder shall, in its sole discretion, determine to be attributable to the relevant Taxes or deduction or withholding.
Nothing herein contained shall interfere with the right of the holder of any Note to arrange its tax affairs in whatever manner it thinks fit and, in particular, no holder of any Note shall be under any obligation to claim relief from its corporate
profits or similar tax liability in respect of such Tax in priority to any other claims, reliefs, credits or deductions available to it or (other than as set forth in clause (b) above) oblige any holder of any Note to disclose any information
relating to its tax affairs or any computations in respect thereof. 
 The Parent Guarantor will furnish the holders of Notes, promptly and
in any event within 60 days after the date of any payment by the Parent Guarantor of any Tax in respect of any amounts paid under the Financing Agreements, the original tax receipt issued by the relevant taxation or other authorities involved for
all amounts paid as aforesaid (or if such original tax receipt is not available or must legally be kept in the possession of such Obligor, a duly certified copy of the original tax receipt or any other reasonably satisfactory evidence of payment),
together with such other documentary evidence with respect to such payments as may be reasonably requested from time to time by any holder of a Note. 

If the Parent Guarantor is required by any applicable law, as modified by the practice of the taxation or other authority of any relevant
Taxing Jurisdiction, to make any deduction or withholding of any Tax in respect of which the Parent Guarantor would be required to pay any additional amount under this Section 13, but for any reason does not make such deduction or withholding
with the result that a liability in respect of such Tax is assessed directly against the holder of any Note, and such holder pays such liability, then the Parent Guarantor will promptly reimburse such holder for such payment (including any related
interest or penalties to the extent 

  
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such interest or penalties arise by virtue of a default or delay by the Parent Guarantor) upon demand by such holder accompanied by an official receipt (or a duly certified copy thereof) issued
by the taxation or other authority of the relevant Taxing Jurisdiction. 
 If the Parent Guarantor makes payment to or for the account of
any holder of a Note and such holder is entitled to a refund of the Tax to which such payment is attributable upon the making of a filing (other than a Form described above), then such holder shall, as soon as practicable after receiving written
request from the Parent Guarantor (which shall specify in reasonable detail and supply the refund forms to be filed) use reasonable efforts to complete and deliver such refund forms to or as directed by the Parent Guarantor, subject, however, to the
same limitations with respect to Forms as are set forth above. 
 The obligations of the Parent Guarantor under this Section 13 shall
survive the payment or transfer of any Note and the provisions of this Section 13 shall also apply to successive transferees of the Notes. 

SECTION 14. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES.

 Section 14.1.    Registration of Notes. The Company shall keep at its principal
executive office a register for the registration and registration of transfers of Notes. The name and address of each holder of one or more Notes, each transfer thereof and the name and address of each transferee of one or more Notes shall be
registered in such register. If any holder of one or more Notes is a nominee, then (a) the name and address of the beneficial owner of such Note or Notes shall also be registered in such register as an owner and holder thereof, and (b) at
any such beneficial owner’s option, either such beneficial owner or its nominee may execute any amendment, waiver or consent pursuant to this Agreement. Prior to due presentment for registration of transfer, the Person in whose name any Note
shall be registered shall be deemed and treated as the owner and holder thereof for all purposes hereof, and the Company shall not be affected by any notice or knowledge to the contrary. The Company shall give to any holder of a Note that is an
Institutional Investor promptly upon request therefor, a complete and correct copy of the names and addresses of all registered holders of Notes. 

Section 14.2.    Transfer and Exchange of Notes. Upon surrender of any Note to the
Company at the address and to the attention of the designated officer (all as specified in Section 18(iii)), subject to compliance with applicable securities laws, for registration of transfer or exchange (and in the case of a surrender for
registration of transfer accompanied by a written instrument of transfer duly executed by the registered holder of such Note or such holder’s attorney duly authorized in writing and accompanied by the relevant name, address and other
information for notices of each transferee of such Note or part thereof), within ten Business Days thereafter, the Company shall execute and deliver, at the Company’s expense (except as provided below), one or more new Notes of the same series
(as requested by the holder thereof) in exchange therefor, in an aggregate principal amount equal to the unpaid principal amount of the surrendered Note. Each such new Note shall be payable to such Person as such holder may request and shall be
substantially in the form of Exhibit 1(a), Exhibit 1(b), Exhibit 1(c) or Exhibit 1(d), as applicable. Each such new Note shall be dated and bear interest from the date to which interest shall have been paid on the surrendered Note or dated the date
of the surrendered Note if 

  
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no interest shall have been paid thereon. The Company may require payment of a sum sufficient to cover any stamp tax or governmental charge imposed in respect of any such transfer of Notes. Notes
shall not be transferred in denominations of less than U.S.$100,000, provided that if necessary to enable the registration of transfer by a holder of its entire holding of Notes, one Note may be in a denomination of less than U.S.$100,000. Any
transferee, by its acceptance of a Note registered in its name (or the name of its nominee), shall be deemed to have made the representations set forth in Section 6.2. 

Section 14.3.    Replacement of Notes. Upon receipt by the Company at the address and to
the attention of the designated officer (all as specified in Section 19(iii)) of evidence reasonably satisfactory to it of the ownership of and the loss, theft, destruction or mutilation of any Note (which evidence shall be, in the case of an
Institutional Investor, notice from such Institutional Investor of such ownership and such loss, theft, destruction or mutilation), and 

(a)    in the case of loss, theft or destruction, of indemnity reasonably satisfactory to it (provided that
if the holder of such Note is, or is a nominee for, an original Purchaser or another holder of a Note with a minimum net worth of at least U.S.$50,000,000 or a Qualified Institutional Buyer, such Person’s own unsecured agreement of indemnity
shall be deemed to be satisfactory), or 
 (b)    in the case of mutilation, upon surrender and
cancellation thereof, 
 within ten Business Days thereafter, the Company at its own expense shall execute and deliver, in lieu thereof, a new Note of the
same series, dated and bearing interest from the date to which interest shall have been paid on such lost, stolen, destroyed or mutilated Note or dated the date of such lost, stolen, destroyed or mutilated Note if no interest shall have been paid
thereon. 
 SECTION 15. PAYMENTS ON NOTES. 

Section 15.1.    Place of Payment. Subject to Section 15.2, payments of principal,
Make-Whole Amount, if any, and interest becoming due and payable on the Notes shall be made in New York, New York at the principal office of Bank of America, N.A. in such jurisdiction. The Company may at any time, by notice to each holder of a Note,
change the place of payment of the Notes so long as such place of payment shall be either the principal office of the Company in such jurisdiction or the principal office of a bank or trust company in such jurisdiction. 

Section 15.2.    Home Office Payment. So long as any Purchaser or its nominee shall be
the holder of any Note, and notwithstanding anything contained in Section 15.1 or in such Note to the contrary, the Company will pay all sums becoming due on such Note for principal, Make-Whole Amount, if any, and interest by the method and at
the address specified for such purpose below such Purchaser’s name in Schedule A, or by such other method or at such other address as such Purchaser shall have from time to time specified to the Company in writing for such purpose, without the
presentation or surrender of such Note or the making of any notation thereon, except that upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any Note, such Purchaser shall
surrender such Note for cancellation, reasonably promptly after any such request, to the Company at its 

  
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principal executive office or at the place of payment most recently designated by the Company pursuant to Section 15.1. Prior to any sale or other disposition of any Note held by a Purchaser
or its nominee, such Purchaser will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such Note to the Company in exchange for a new Note or Notes
pursuant to Section 15.2. The Company will afford the benefits of this Section 15.2 to any Institutional Investor that is the direct or indirect transferee of any Note purchased by a Purchaser under this Agreement and that has made the
same agreement relating to such Note as the Purchasers have made in this Section 15.2. 

SECTION 16. EXPENSES, ETC. 

Section 16.1.    Transaction Expenses. Whether or not the transactions contemplated
hereby are consummated, the Obligors will pay all reasonable costs and expenses (including reasonable attorneys’ fees of a special counsel and, if reasonably required by the Required Holders, local or other counsel) incurred by the Purchasers
and each other holder of a Note in connection with such transactions and in connection with any amendments, waivers or consents under or in respect of the Financing Agreements (including the Notes) (whether or not such amendment, waiver or consent
becomes effective), including, without limitation: (a) the costs and expenses incurred in enforcing or defending (or determining whether or how to enforce or defend) any rights under the Financing Agreements (including the Notes) or in
responding to any subpoena or other legal process or informal investigative demand issued in connection with the Financing Agreements (including the Notes), or by reason of being a holder of any Note, (b) the costs and expenses, including
financial advisors’ fees, incurred in connection with the insolvency or bankruptcy of any Obligor or any Subsidiary or in connection with any work-out or restructuring of the transactions contemplated
hereby, by the Notes or by any other Financing Agreement, (c) the costs and expenses incurred in connection with the initial filing of this Agreement and all related documents and financial information with the SVO provided, that such
costs and expenses under this clause (c) shall not exceed $5,000, (d) the fees and expenses of the Collateral Agent under the Security Documents and (e) the fees and expenses of the Financial Advisor. The Obligors will pay, and will
save each Purchaser and each other holder of a Note harmless from, all claims in respect of any fees, costs or expenses, if any, of brokers and finders (other than those, if any, retained by a Purchaser or other holder in connection with its
purchase of the Notes). 
 The Parent Guarantor agrees to pay all stamp, documentary or similar taxes or fees which may be payable in
respect of the execution and delivery (but not the transfer of any Notes) or the enforcement of the Financing Agreements (including any Note) or any Subsidiary Guarantee in the United States or The Netherlands or of any amendment of, or waiver or
consent under or with respect to, the Financing Agreements (including any Notes) or any Subsidiary Guarantee, and to pay any value added tax due and payable in respect of reimbursement of costs and expenses by the Parent Guarantor pursuant to this
Section 16, except for the value added tax that is recoverable or refundable for the parts to be reimbursed, and will save each holder of a Note to the extent permitted by applicable law harmless against any loss or liability resulting from
nonpayment or delay in payment of any such tax or fee required to be paid by the Parent Guarantor hereunder. 

  
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 Section 16.2.    Survival. The
obligations of the Obligors under this Section 16 will survive the payment or transfer of any Note, the enforcement, amendment or waiver of any provision of the Financing Agreements (including the Notes) or any Subsidiary Guarantee, and the
termination of the Financing Agreements or any Subsidiary Guarantee. 
 SECTION 17.
SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT. 

All representations and warranties contained herein shall survive the execution and delivery of this Agreement and the Notes, the purchase or
transfer by any Purchaser of any Note or portion thereof or interest therein and the payment of any Note, and may, in good faith, be relied upon, as made on the date of the Closing, by any subsequent holder of a Note, regardless of any investigation
made at any time by or on behalf of such Purchaser or any other holder of a Note. All statements contained in any certificate or other instrument delivered by or on behalf of either Obligor pursuant to this Agreement shall be deemed representations
and warranties of such Obligor under this Agreement made as of the date therein provided. Subject to the preceding sentence, this Agreement and the Notes embody the entire agreement and understanding between each Purchaser and the Obligors and
supersede all prior agreements and understandings relating to the subject matter hereof. 

SECTION 18. AMENDMENT AND
WAIVER. 
 Section 18.1.    Requirements.
Subject to the Intercreditor Agreement, this Agreement and the Notes may be amended, and the observance of any term hereof or of the Notes may be waived (either retroactively or prospectively), with (and only with) the written consent of the
Obligors and the Required Holders, except that (a) no amendment or waiver of any of the provisions of Section 1, 2, 3, 4, 5, 6 or 22 hereof, or any defined term (as it is used therein), will be effective as to any Purchaser or holder
unless consented to by such Purchaser or holder in writing, and (b) no such amendment or waiver may, without the written consent of the holder of each Note at the time outstanding affected thereby (in this case only,
“holder” in respect of any Note registered in the name of a nominee for a disclosed beneficial owner shall mean such beneficial owner), (i) subject to the provisions of Section 12 relating to acceleration or
rescission, change the amount or time of any prepayment or payment of principal of, or reduce the rate or change the time of payment or method of computation of interest or of the Make-Whole Amount on, the Notes, (ii) change the percentage of
the principal amount of the Notes the holders of which are required to consent to any such amendment or waiver, (iii) amend any of Sections 8, 11(a), 11(b), 12, 13, 18, 21, 23 or 24.9, or (iv) release all or substantially all of the
Collateral in any transaction or series of related transactions. 

Section 18.2.    Solicitation of Holders of Notes. 

(a)    Solicitation. The Obligors will provide each holder of the Notes (irrespective of the amount of Notes then
owned by it) with sufficient information, sufficiently far in advance of the date a decision is required, to enable such holder to make an informed and considered decision with respect to any proposed amendment, waiver or consent in respect of any
of the provisions hereof or of the Notes. The Obligors will deliver executed or true and correct copies of each amendment, waiver or consent effected pursuant to the provisions of this Section 18 to each holder of outstanding Notes promptly
following the date on which it is executed and delivered by, or receives the consent or approval of, the requisite holders of Notes. 

  
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 (b)    Payment. The Obligors will not directly or indirectly pay or
cause to be paid any remuneration, whether by way of supplemental or additional interest, fee or otherwise, or grant any security or provide other credit support, to any holder of Notes as consideration for or as an inducement to the entering into
by any holder of Notes of any waiver or amendment of any of the terms and provisions hereof unless such remuneration is concurrently paid, or security is concurrently granted or other credit support concurrently provided, on the same terms, ratably
to each holder of Notes then outstanding even if such holder did not consent to such waiver or amendment. 

(c)    Consent in Contemplation of Transfer. Any consent made pursuant to this Section 18 by a holder of Notes
that has transferred, or has agreed to transfer, its Notes to any Obligor, any Subsidiary or any Affiliate of either Obligor and, in either case, has provided or has agreed to provide such written consent as a condition to such transfer shall be
void and of no force or effect except solely as to such holder, and any amendments effected or waivers granted or to be effected or granted that would not have been or would not be so effected or granted but for such consent (and the consents of all
other holders of Notes that were acquired under the same or similar conditions) shall be void and of no force or effect except solely as to such holder. 

Section 18.3.    Binding Effect, etc. Any amendment or waiver consented to as
provided in this Section 18 applies equally to all holders of Notes and is binding upon them and upon each future holder of any Note and upon the Obligors without regard to whether such Note has been marked to indicate such amendment or waiver.
No such amendment or waiver will extend to or affect any obligation, covenant, agreement, Default or Event of Default not expressly amended or waived or impair any right consequent thereon. No course of dealing between the Obligors and the holder of
any Note nor any delay in exercising any rights hereunder or under any Note shall operate as a waiver of any rights of any holder of such Note. As used herein, the term “this Agreement” and references thereto shall mean this Agreement as
it may from time to time be amended or supplemented. 
 Section 18.4.    Notes Held by
Obligors, etc. Solely for the purpose of determining whether the holders of the requisite percentage of the aggregate principal amount of Notes then outstanding approved or consented to any amendment, waiver or consent to be given under
this Agreement or the Notes, or have directed the taking of any action provided herein or in the Notes to be taken upon the direction of the holders of a specified percentage of the aggregate principal amount of Notes then outstanding, Notes
directly or indirectly owned by either Obligor or any of its Affiliates shall be deemed not to be outstanding. 

SECTION 19. NOTICES; ENGLISH
LANGUAGE. 
 All notices and communications provided for hereunder shall be in writing and sent (a) by
telecopy if the sender on the same day sends a confirming copy of such notice by a recognized overnight delivery service (charges prepaid), or (b) by registered or certified mail with return receipt requested (postage prepaid), or (c) by a
recognized overnight delivery service (with charges prepaid). Any such notice must be sent: 
 (i)    if
to any Purchaser or its nominee, to such Purchaser or nominee at the address specified for such communications in Schedule A, or at such other address as such Purchaser or nominee shall have specified to the Company in writing; 

  
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 (ii)    if to any other holder of any Note, to such holder at
such address as such other holder shall have specified to the Company in writing; 
 (iii)    if to the
Company: 
 Chicago Bridge & Iron Company (Delaware) 

One CB&I Plaza 
 2103
Research Forest Drive 
 The Woodlands, Texas 77380 

Attention: Michael S. Taff, 

      Managing Director and Chief Financial Officer 

Tel: (832) 513-1000 

Fax: (832) 513-1092 

With a copy to: 
 Chicago
Bridge & Iron Company (Delaware) 
 One CB&I Plaza 

2103 Research Forest Drive 
 The
Woodlands, Texas 77380 
 Attention: Chief Legal Officer 

Tel: (832) 513-1000 

Fax: (832) 513-1092 

With a second copy to: 
 K&L
Gates LLP 
 State Street Financial Center, One Lincoln Street 

Boston, Massachusetts 02111-2950 

Attention Thomas F. Holt 
 Tel:
(617) 261-3165 
 Fax: (617) 261-3175 

Email: thomas.holt@klgates.com 

and 
 K&L Gates LLP 

Hearst Tower 47th Floor 
 214 N.
Tryon Street 

  
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 Charlotte, NC 28202 

Attention: Christine Hoke and Benay Lizarazu 

Tel: (704) 331-7495 / 704 331-7412 

Fax: (704) 353-3195 

Email: christine.hoke@klgates.com / benay.lizarazu@klgates.com 

or at such other address as the Company shall have specified to the holder of each Note in writing; or 

(iv)    if to the Parent Guarantor, in care of the Company at: 

Chicago Bridge & Iron Company N.V. 

c/o Chicago Bridge & Iron Company (Delaware) 

One CB&I Plaza 
 2103
Research Forest Drive 
 The Woodlands, Texas 77380 

Attention: Michael S. Taff, 

      Managing Director and Chief Financial Officer 

Tel: (832) 513-1000 

Fax: (832) 513-1092 

With a copy to: 
 Chicago
Bridge & Iron Company N.V. 
 c/o Chicago Bridge & Iron Company (Delaware) 

One CB&I Plaza 
 2103
Research Forest Drive 
 The Woodlands, Texas 77380 

Attention: Chief Legal Officer 

Tel: (832) 513-1000 

Fax: (832) 513-1092 

With a copy to: 
 K&L Gates
LLP 
 State Street Financial Center, One Lincoln Street 

Boston, Massachusetts 02111-2950 

Attention Thomas F. Holt 
 Tel:
(617) 261-3165 
 Fax: (617) 261-3175 

Email: thomas.holt@klgates.com 

and 
 K&L Gates LLP 

Hearst Tower 47th Floor 
 214 N.
Tryon Street 

  
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 Charlotte, NC 28202 

Attention: Christine Hoke and Benay Lizarazu 

Tel: (704) 331-7495 / 704 331-7412 

Fax: (704) 353-3195 

Email: christine.hoke@klgates.com / benay.lizarazu@klgates.com 

or at such other address as the Parent Guarantor shall have specified to the holder of each Note in writing. 

Notices under this Section 19 will be deemed given only when actually received. Each document, instrument, financial statement, report, notice or other
communication delivered in connection with the Financing Agreements shall be in English or accompanied by an English translation thereof. 

SECTION 20. REPRODUCTION OF
DOCUMENTS. 
 This Agreement and all documents relating thereto, including, without limitation,
(a) consents, waivers and modifications that may hereafter be executed, (b) documents received by any Purchaser at the Closing (except the Notes themselves), and (c) financial statements, certificates and other information previously
or hereafter furnished to any Purchaser, may be reproduced by such Purchaser by any photographic, photostatic, electronic, digital, or other similar process and such Purchaser may destroy any original document so reproduced. Each Obligor agrees and
stipulates that, to the extent permitted by applicable law, any such reproduction shall be admissible in evidence as the original itself in any judicial or administrative proceeding (whether or not the original is in existence and whether or not
such reproduction was made by such Purchaser in the regular course of business) and any enlargement, facsimile or further reproduction of such reproduction shall likewise be admissible in evidence. This Section 20 shall not prohibit any Obligor
or any other holder of Notes from contesting any such reproduction to the same extent that it could contest the original, or from introducing evidence to demonstrate the inaccuracy of any such reproduction. 

SECTION 21. CONFIDENTIAL INFORMATION. 

For the purposes of this Section 21, “Confidential Information” means information delivered to any Purchaser by or on behalf of
either Obligor or any Subsidiary in connection with the transactions contemplated by or otherwise pursuant to this Agreement or any other Financing Agreement that is proprietary in nature and that was clearly marked or labeled or otherwise
adequately identified when received by such Purchaser as being confidential information of such Obligor or such Subsidiary, provided that such term does not include information that (a) was publicly known or otherwise known to such
Purchaser, on a nonconfidential basis from a source other than an Obligor, prior to the time of such disclosure, (b) subsequently becomes publicly known through no act or omission by such Purchaser or any person acting on such Purchaser’s
behalf, (c) otherwise becomes known to such Purchaser other than through disclosure by either Obligor or any Subsidiary or (d) constitutes financial statements delivered to such Purchaser under Section 7.1 that are otherwise publicly
available. Each Purchaser will maintain the confidentiality of such Confidential Information in accordance with procedures adopted by such 

  
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Purchaser in good faith to protect confidential information of third parties delivered to such Purchaser, provided that such Purchaser may deliver or disclose Confidential Information to
(i) its directors, officers, employees, agents, attorneys, trustees and affiliates (on the confidential basis as provided for in this Section 21 and to the extent such disclosure reasonably relates to the administration of the investment
represented by its Notes), (ii) its financial advisors and other professional advisors who agree to hold confidential the Confidential Information substantially in accordance with the terms of this Section 21, (iii) any other holder of any
Note, (iv) any Institutional Investor to which it sells or offers to sell such Note or any part thereof or any participation therein (if such Person has agreed in writing prior to its receipt of such Confidential Information to be bound by the
provisions of this Section 21), (v) any Person from which it offers to purchase any security of the Company (if such Person has agreed in writing prior to its receipt of such Confidential Information to be bound by the provisions of this
Section 21), (vi) any federal or state regulatory authority having jurisdiction over such Purchaser, (vii) the NAIC or the SVO or, in each case, any similar organization, or any nationally recognized rating agency that requires access to
information about such Purchaser’s investment portfolio, or (viii) any other Person to which such delivery or disclosure may be necessary or appropriate (w) to effect compliance with any law, rule, regulation or order applicable to
such Purchaser, (x) in response to any subpoena or other legal process, (y) in connection with any litigation to which such Purchaser is a party or (z) if an Event of Default has occurred and is continuing, to the extent such
Purchaser may reasonably determine such delivery and disclosure to be necessary or appropriate in the enforcement or for the protection of the rights and remedies under such Purchaser’s Notes and this Agreement. Each holder of a Note, by its
acceptance of a Note, will be deemed to have agreed to be bound by and to be entitled to the benefits of this Section 21 as though it were a party to this Agreement. On reasonable request by either Obligor in connection with the delivery to any
holder of a Note of information required to be delivered to such holder under this Agreement or requested by such holder (other than a holder that is a party to this Agreement or its nominee), such holder will enter into an agreement with such
Obligor embodying the provisions of this Section 21. 
 In the event that as a condition to receiving access to information relating to
the Parent Guarantor or its Subsidiaries in connection with the transactions contemplated by or otherwise pursuant to this Agreement, any Purchaser or holder of a Note is required to agree to a confidentiality undertaking (whether through
IntraLinks, another secure website, a secure virtual workspace or otherwise) which is different from this Section 21, this Section 21 shall not be amended thereby and, as between such Purchaser or such holder and the Obligors, this
Section 21 shall supersede any such other confidentiality undertaking. 
 SECTION 22.
SUBSTITUTION OF PURCHASER. 
 Each Purchaser shall have the right to
substitute any one of its Affiliates as the purchaser of the Notes that it has agreed to purchase hereunder, by written notice to the Company, which notice shall be signed by both such Purchaser and such Affiliate, shall contain such
Affiliate’s agreement to be bound by this Agreement and shall contain a confirmation by such Affiliate of the accuracy with respect to it of the representations set forth in Section 6. Upon receipt of such notice, any reference to such
Purchaser in this Agreement (other than in this Section 22), shall be deemed to refer to such Affiliate in lieu of such original Purchaser. In the event that such 

  
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Affiliate is so substituted as a Purchaser hereunder and such Affiliate thereafter transfers to such original Purchaser all of the Notes then held by such Affiliate, upon receipt by the Company
of notice of such transfer, any reference to such Affiliate as a “Purchaser” in this Agreement (other than in this Section 22), shall no longer be deemed to refer to such Affiliate, but shall refer to such original Purchaser, and such
original Purchaser shall again have all the rights of an original holder of the Notes under this Agreement. 

SECTION 23. PARENT GUARANTEE. 

Section 23.1.    Guarantee. The Parent Guarantor hereby absolutely, unconditionally
and irrevocably guarantees, as a primary obligor and not merely as a surety, to each holder and its successors and permitted assigns, the full and punctual payment when due, whether at stated maturity, by acceleration or otherwise, of the principal
of and Make-Whole Amount and interest on (including, without limitation, interest, whether or not an allowable claim, accruing after the date of filing of any petition in bankruptcy, or the commencement of any bankruptcy, insolvency or similar
proceeding relating to the Company) the Notes and all other amounts owed or to be owing by the Company which becomes due under the terms and provisions of the Financing Agreements, now or hereafter existing under the Financing Agreements whether for
principal, Make-Whole Amount, interest (including, without limitation, interest, whether or not an allowable claim, accruing after the date of filing of any petition in bankruptcy, or the commencement of any bankruptcy, insolvency or similar
proceeding relating to the Company), indemnification payments, expenses (including attorneys’ fees and expenses) or otherwise (all such obligations being the “Guaranteed Obligations”), and agrees to pay any and
all fees and expenses incurred by each holder in enforcing this Parent Guarantee. 
 Notwithstanding any stay, injunction or other
prohibition preventing such action against the Company, if for any reason whatsoever the Company shall fail or be unable to duly, punctually and fully (in the case of the payment of Guaranteed Obligations) pay such amounts as and when the same shall
become due and (in the case of the payment of Guaranteed Obligations) payable, whether or not such failure or inability shall constitute an “Event of Default”, the Parent Guarantor will forthwith (in the case of the payment of Guaranteed
Obligations) pay or cause to be paid such amounts to the holders, in lawful money of the United States of America, at the place specified in Section 15, or pay such Guaranteed Obligations or cause such Guaranteed Obligations to be paid, (in the
case of the payment of Guaranteed Obligations) together with interest (in the amounts and to the extent required under such Notes) on any amount due and owing. 

Section 23.2.    Parent Guarantor’s Obligations Unconditional.
(a) The Guaranty by the Parent Guarantor in this Parent Guarantee shall constitute a guarantee of payment and not of collection, and the Parent Guarantor specifically agrees that it shall not be necessary, and that the Parent Guarantor
shall not be entitled to require, before or as a condition of enforcing the liability of the Parent Guarantor under this Parent Guarantee or requiring payment or performance of the Guaranteed Obligations by the Parent Guarantor hereunder, or at any
time thereafter, that any holder: (a) file suit or proceed to obtain or assert a claim for personal judgment against the Company or any other Person that may be liable for or with respect to any Guaranteed Obligation; (b) make any other
effort to obtain payment or performance of any 

  
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Guaranteed Obligation from the Company or any other Person that may be liable for or with respect to such Guaranteed Obligation, except for the making of the demands, when appropriate, described
in Section 23.1; (c) foreclose against, or seek to realize upon security now or hereafter existing for such Guaranteed Obligations; (d) except to the extent set forth in Section 23.1, exercise or assert any other right or remedy
to which such holder is or may be entitled in connection with any Guaranteed Obligation or any security or other guaranty therefor; or (e) assert or file any claim against the assets of the Company or any other Person liable for any Guaranteed
Obligation. The Parent Guarantor agrees that its Guaranty under this Parent Guarantee shall be continuing, and that the Guaranteed Obligations will be paid and performed in accordance with their terms and the terms of this Parent Guarantee, and are
the primary, absolute and unconditional obligations of the Parent Guarantor, irrespective of the value, genuineness, validity, legality, regularity or enforceability or lack thereof of any part of the Guaranteed Obligations or any agreement or
instrument relating to the Guaranteed Obligations or this Parent Guarantee, or the existence of any indemnities with respect to the existence of any other guarantee of or security for any of the Guaranteed Obligations, or any substitution, release
or exchange of any other guarantee of or security for any of the Guaranteed Obligations, and, to the fullest extent permitted by applicable law, irrespective of any other circumstance whatsoever that might otherwise constitute a legal or equitable
discharge or defense of a surety or guarantor (other than the full and indefeasible due payment and performance of the Guaranteed Obligations), it being the intent of this Section 23.2 that the obligations of the Parent Guarantor hereunder
shall be irrevocable, primary, absolute and unconditional under any and all circumstances (other than the full and indefeasible due payment and performance of the Guaranteed Obligations). 

(b)    The Parent Guarantor hereby expressly waives notice of acceptance of and reliance upon the Guaranty in this Parent
Guarantee, diligence, presentment, demand of payment or performance, protest and all other notices (except as otherwise provided for in Section 23.1) whatsoever, any requirement that the holders exhaust any right, power or remedy or proceed
against the Company or against any other Person under any other guarantee of, or security for, or any other agreement, regarding any of the Guaranteed Obligations. The Parent Guarantor further agrees that, subject solely to the requirement of making
demands under Section 23.1, the occurrence of any event or other circumstance that might otherwise vary the risk of the Company or the Parent Guarantor or constitute a defense (legal or equitable) available to, or a discharge of, or a
counterclaim or right of set-off by, the Company or the Parent Guarantor (other than the full and indefeasible due payment and performance of the Guaranteed Obligations), shall not affect the liability of the
Parent Guarantor hereunder. 
 (c)    The obligations of the Parent Guarantor under this Parent Guarantee are not
subject to any counterclaim, set-off, deduction, diminution, abatement, recoupment, suspension, deferment or defense based upon any claim the Parent Guarantor or any other Person may have against the Company,
any holder or any other Person, and shall remain in full force and effect without regard to, and shall not be released, discharged or in any way affected by, any circumstances or condition whatsoever (whether or not the Parent Guarantor or the
Company shall have any knowledge or notice thereof), including: 
 (i)    any renewal, extension,
modification, increase, decrease, alteration or rearrangement of all or any part of the Guaranteed Obligations or any instrument executed in connection therewith, or any contract or understanding with the Company, the holders, or any of them, or any
other Person, pertaining to the Guaranteed Obligations; 

  
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 (ii)    any adjustment, indulgence, forbearance or compromise
that might be granted or given by any holder to the Company or any other Person liable on the Guaranteed Obligations, or the failure of any holder to assert any claim or demand or to exercise any right or remedy against the Company or any other
Person under the provisions of the Financing Agreements or otherwise; or any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, the Financing Agreements, any guarantee or any other agreement;

 (iii)    the insolvency, bankruptcy arrangement, adjustment, composition, liquidation, disability,
dissolution or lack of power of the Company or any other Person at any time liable for the payment of all or part of the Guaranteed Obligations; or any dissolution of the Company or any other such Person, or any change, restructuring or termination
of the structure or existence of the Company or any other such Person, or any sale, lease or transfer of any or all of the assets of the Company or any other such Person, or any change in the shareholders, partners, or members of the Company or any
other such Person; or any default, failure or delay, willful or otherwise, in the performance of the Guaranteed Obligations; 

(iv)    the invalidity, illegality or unenforceability of all or any part of the Guaranteed Obligations, or
any document or agreement executed in connection with the Guaranteed Obligations, for any reason whatsoever, including the fact that the Guaranteed Obligations, or any part thereof, exceed the amount permitted by law, the act of creating the
Guaranteed Obligations or any part is ultra vires, the officers or representatives executing the documents or otherwise creating the Guaranteed Obligations acted in excess of their authority, the Guaranteed Obligations violate applicable
usury laws, the Company or any other Person has valid defenses, claims or offsets (whether at law, in equity or by agreement) which render the Guaranteed Obligations wholly or partially uncollectible from the Company or any other Person, the
creation, performance or repayment of the Guaranteed Obligations (or the execution, delivery and performance of any document or instrument representing part of the Guaranteed Obligations or executed in connection with the Guaranteed Obligations or
given to secure the repayment of the Guaranteed Obligations) is illegal, uncollectible, legally impossible or unenforceable, or the documents or instruments pertaining to the Guaranteed Obligations have been forged or otherwise are irregular or not
genuine or authentic; 
 (v)    any full or partial release of the liability of the Company on the
Guaranteed Obligations or any part thereof, of any co-guarantors, or of any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform,
guarantee or assure the payment of the Guaranteed 

  
 -76- 

 
Obligations or any part thereof, it being recognized, acknowledged and agreed by the Parent Guarantor that the Parent Guarantor may be required to pay the Guaranteed Obligations in full without
assistance or support of any other Person, and the Parent Guarantor has not been induced to enter into this Parent Guarantee on the basis of a contemplation, belief, understanding or agreement that any parties other than the Company will be liable
to perform the Guaranteed Obligations, or that the holders will look to other parties to perform the Guaranteed Obligations; 

(vi)    the taking or accepting of any other security, collateral or guaranty, or other assurance of
payment, for all or any part of the Guaranteed Obligations; 
 (vii)    any release, surrender, exchange,
subordination, deterioration, waste, loss or impairment (including negligent, unreasonable or unjustifiable impairment) of any collateral, property or security, at any time existing in connection with, or assuring or securing payment of, all or any
part of the Guaranteed Obligations; 
 (viii)    the failure of any holder or any other Person to
exercise diligence or reasonable care in the preservation, protection, enforcement, sale or other handling or treatment of all or any part of such collateral, property or security; 

(ix)    the fact that any collateral, security, security interest or lien contemplated or intended to be
given, created or granted as security for the repayment of the Guaranteed Obligations shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and
agreed by the Parent Guarantor that the Parent Guarantor is not entering into this Parent Guarantee in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability or value of any of the collateral; 

(x)    any payment by the Company to any holder being held to constitute a preference under any bankruptcy
law or fraudulent conveyance law, or for any reason any holder being required to refund such payment or pay such amount to the Company or someone else; 

(xi)    any other action taken or omitted to be taken with respect to the Guaranteed Obligations, or the
security and collateral therefor, whether or not such action or omission prejudices the Parent Guarantor or increases the likelihood that the Parent Guarantor will be required to pay the Guaranteed Obligations pursuant to the terms hereof, it being
the unambiguous and unequivocal intention of the Parent Guarantor that it shall be obligated to pay the Guaranteed Obligations when due, notwithstanding any occurrence, circumstance, event, action or omission whatsoever, whether or not contemplated,
and whether or not otherwise or particularly described herein, except for the full and final payment and satisfaction of the Guaranteed Obligations in cash; 

(xii)    the fact that all or any of the Guaranteed Obligations cease to exist by operation of law,
including by way of a discharge, limitation or tolling thereof under applicable bankruptcy laws; 

  
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 (xiii)    any default, failure or delay, willful or
otherwise, in the performance by the Company, the Parent Guarantor or any other Person of any obligations of any kind or character whatsoever under the Financing Agreements or any other agreement; 

(xiv)    any merger or consolidation of the Company or the Parent Guarantor or any other Person into or
with any other Person or any sale, lease, transfer or other disposition of any of the assets of the Company, the Parent Guarantor or any other Person to any other Person, any change in the ownership of any shares or partnership interests of the
Company, the Parent Guarantor or any other Person, or any change in the relationship between the Company and the Parent Guarantor or any termination of any such relationship; 

(xv)    in respect of the Company, the Parent Guarantor or any other Person, any change of circumstances,
whether or not foreseen or foreseeable, whether or not imputable to the Company, the Parent Guarantor or any other Person, or other impossibility of performance through fire, explosion, accident, labor disturbance, floods, droughts, embargoes, wars
(whether or not declared), civil commotion, acts of God or the public enemy, delays or failure of suppliers or carriers, inability to obtain materials, action of any federal or state regulatory body or agency, change of law or any other causes
affecting performance, or any other force majeure, whether or not beyond the control of the Company, the Parent Guarantor or any other Person and whether or not of the kind hereinbefore specified; or 

(xvi)    any other occurrence, circumstance, or event whatsoever, whether similar or dissimilar to the
foregoing, whether foreseen or unforeseen, and any other circumstance which might otherwise constitute a legal or equitable defense or discharge of the liabilities of a guarantor or surety or which might otherwise limit recourse against the Parent
Guarantor (other than the full and indefeasible due payment and performance of the Guaranteed Obligations); 
 provided that the specific enumeration
of the above-mentioned acts, failures or omissions shall not be deemed to exclude any other acts, failures or omissions, though not specifically mentioned above, it being the purpose and intent of this Parent Guarantee that the obligations of the
Parent Guarantor shall be absolute and unconditional and shall not be discharged, impaired or varied except by the payment and performance of all obligations of the Company under the Financing Agreements in accordance with their respective terms as
each may be amended or modified from time to time. Without limiting the foregoing, it is understood that repeated and successive demands may be made and recoveries may be had hereunder as and when, from time to time, the Company or the Parent
Guarantor shall default under or in respect of the terms of the Financing Agreements and that notwithstanding recovery hereunder for or in respect of any given default or defaults by the Company or the Parent Guarantor under the Financing Agreements
(including this Parent Guarantee), this Parent Guarantee shall remain in full force and effect and shall apply to each and every subsequent default. All waivers herein contained shall be without prejudice to the holders at their respective options
to proceed against the Company, the Parent Guarantor or other Person, whether by separate action or by joinder. 

  
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 (d)    The Parent Guarantor hereby consents and agrees that any holder or
holders from time to time, with or without any further notice to or assent from the Parent Guarantor may, without in any manner affecting the liability of the Parent Guarantor under this Parent Guarantee, and upon such terms and conditions as any
such holder or holders may deem advisable: 
 (i)    extend in whole or in part (by renewal or
otherwise), modify, change, compromise, release or extend the duration of the time for the performance or payment of any debt, liability or obligation of the Company or the Parent Guarantor or of any other Person secondarily or otherwise liable for
any debt, liability or obligations of the Company under the Financing Agreements, or waive any Default or Event of Default with respect thereto, or waive, modify, amend or change any provision of any other agreement or waive this Parent Guarantee;
or 
 (ii)    sell, release, surrender, modify, impair, exchange or substitute any and all property, of
any nature and from whomsoever received, held by, or for the benefit of, any such holder as direct or indirect security for the payment or performance of any debt, liability or obligation of the Company, the Parent Guarantor or of any other Person
secondarily or otherwise liable for any debt, liability or obligation of the Company under the Financing Agreements; or 

(iii)    settle, adjust or compromise any claim of the Company or the Parent Guarantor against any other
Person secondarily or otherwise liable for any debt, liability or obligation of the Company under the Financing Agreements. 
 The Parent Guarantor hereby
ratifies and confirms any such extension, renewal, change, sale, release, waiver, surrender, exchange, modification, amendment, impairment, substitution, settlement, adjustment or compromise and that the same shall be binding upon it, and hereby
waives, to the fullest extent permitted by law, any and all defenses, counterclaims or offsets which it might or could have by reason thereof, it being understood that the Parent Guarantor shall at all times be bound by this Parent Guarantee and
remain liable hereunder. 
 (e)     All rights of any holder may be transferred or assigned at any time in accordance
with this Agreement and shall be considered to be transferred or assigned at any time or from time to time upon the transfer of such Note in accordance with the terms of this Agreement without the consent of or notice to the Parent Guarantor. 

(f)    No holder shall be under any obligation: (i) to marshal any assets in favor of the Parent Guarantor or in
payment of any or all of the liabilities of the Company or the Parent Guarantor under or in respect of the Notes or the obligations of the Company and the Parent Guarantor under the Financing Agreements or (ii) to pursue any other remedy that
the Parent Guarantor may or may not be able to pursue itself and that may lighten the Parent Guarantor’s burden, any right to which the Parent Guarantor hereby expressly waives. 

  
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 Section 23.3.    Full Recourse
Obligations. The obligations of the Parent Guarantor set forth herein constitute the full recourse obligations of the Parent Guarantor enforceable against it to the full extent of all its assets and properties. 

Section 23.4.    Waiver. The Parent Guarantor unconditionally waives, to the
extent permitted by applicable law: 
 (a)    notice of any of the matters referred to in
Section 23.2; 
 (b)    notice to the Parent Guarantor of the incurrence of any of the Guaranteed
Obligations, notice to the Parent Guarantor of any breach or default by the Company or the Parent Guarantor with respect to any of the Guaranteed Obligations or any other notice that may be required, by statute, rule of law or otherwise, to preserve
any rights of any holder against the Parent Guarantor; 
 (c)    presentment to the Company or the Parent
Guarantor or of payment from the Company or the Parent Guarantor with respect to any Note or other Guaranteed Obligation or protest for nonpayment or dishonor; 

(d)    any right to the enforcement, assertion, exercise or exhaustion by any holder of any right, power,
privilege or remedy conferred in any Note, the other Financing Agreements or otherwise; 
 (e)    any
requirement of diligence on the part of any holder; 
 (f)    any requirement to mitigate the damages
resulting from any default under the Notes or the other Financing Agreements; 
 (g)    any notice of any
sale, transfer or other disposition of any right, title to or interest in any Note or other Guaranteed Obligation by any holder, assignee or participant thereof, or in the other Financing Agreements; 

(h)    any release of the Parent Guarantor from its obligations hereunder resulting from any loss by it of
its rights of subrogation hereunder; and 
 (i)    any other circumstance whatsoever which might
otherwise constitute a legal or equitable discharge, release or defense of a guarantor or surety or which might otherwise limit recourse against the Parent Guarantor. 

Section 23.5. Waiver of Subrogation. 

Notwithstanding any payment or payments made by the Parent Guarantor hereunder, or any application by any holder of any security or of any
credits or claims, the Parent Guarantor will not exercise any rights of any holder or of the Parent Guarantor against the Company to recover the amount of any payment made by the Parent Guarantor to any holder hereunder by way of any claim, remedy
or subrogation, reimbursement, exoneration, contribution, indemnity, 

  
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participation or otherwise arising by contract, by statute, under common law or otherwise, and the Parent Guarantor shall not exercise any right of recourse to or any claim against assets or
property of the Company, in each case unless and until the Guaranteed Obligations have been paid in full. Until such time (but not thereafter), the Parent Guarantor hereby expressly waives any right to exercise any claim, right or remedy which the
Parent Guarantor may now have or hereafter acquire against the Company or any other Person that arises under the Notes, the other Financing Agreements or from the performance by the Parent Guarantor of the Guaranty hereunder including any claim,
remedy or right of subrogation, reimbursement, exoneration, contribution, indemnification or participation in any claim, right or remedy of any holder against the Company or the Parent Guarantor, or any security that any holder now has or hereafter
acquires, whether or not such claim, right or remedy arises in equity, under contract, by statute, under common law or otherwise. If any amount shall be paid to the Parent Guarantor by the Company after payment in full of the Guaranteed Obligations,
and all or any portion of the Guaranteed Obligations shall thereafter be reinstated in whole or in part and any holder is required to repay any sums received by any of them in payment of the Guaranteed Obligations, this Parent Guarantee shall be
automatically reinstated and such amount shall be held in trust for the benefit of the holders and shall forthwith be paid to the holders to be credited and applied to the Guaranteed Obligations, whether matured or unmatured. The provisions of this
Section 23.5 shall survive the termination of this Parent Guarantee, and any satisfaction and discharge of the Company by virtue of any payment, court order or any federal, state or provincial law. 

Section 23.6.    Subordination. If the Parent Guarantor becomes the holder of any
indebtedness payable by the Company, the Parent Guarantor hereby subordinates all indebtedness owing to it from the Company to all indebtedness of the Company to the holders, and agrees that, during the continuance of any Event of Default, it shall
not accept any payment on the same until payment in full of the Guaranteed Obligations and shall in no circumstance whatsoever attempt to set-off or reduce any obligations hereunder because of such
indebtedness. If any amount shall nevertheless be paid in violation of the foregoing to the Parent Guarantor by the Company prior to payment in full of the Guaranteed Obligations, such amount shall be held in trust for the benefit of the holders and
shall forthwith be paid to the holders to be credited and applied to the Guaranteed Obligations, whether matured or unmatured, provided further, and notwithstanding this Section 23.6 to the contrary, and for the avoidance of doubt,
amounts paid to and accepted by the Parent Guarantor on indebtedness payable by the Company to the Parent Guarantor during the non-existence of an Event of Default are permitted and may be retained by the
Parent Guarantor. 
 Section 23.7.    Effect of Bankruptcy Proceedings, Etc.
(a) If after receipt of any payment of, or proceeds of any security applied (or intended to be applied) to the payment of all or any part of, the Guaranteed Obligations, any holder is for any reason compelled to surrender or voluntarily
surrenders (under circumstances in which it believes it could reasonably be expected to be so compelled if it did not voluntarily surrender), such payment or proceeds to any Person (i) because such payment or application of proceeds is or may
be avoided, invalidated, declared fraudulent, set aside, determined to be void or voidable as a preference, fraudulent conveyance, fraudulent transfer, impermissible set-off or a diversion of trust funds or
(ii) for any other similar reason, including, without limitation, (x) any judgment, decree or order of any court or administrative body having jurisdiction over any holder or any of their respective properties or

  
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(y) any settlement or compromise of any such claim effected by any holder with any such claimant (including the Company), then the Guaranteed Obligations or part thereof intended to be
satisfied shall be reinstated and continue, and this Parent Guarantee shall continue in full force as if such payment or proceeds had not been received, notwithstanding any revocation thereof or the cancellation of any Note or any other instrument
evidencing any Guaranteed Obligations or otherwise, and the Parent Guarantor shall be liable to pay the holders, and hereby does indemnify the holders and hold them harmless for, the amount of such payment or proceeds so surrendered and all expenses
(including reasonable attorneys’ fees, court costs and expenses attributable thereto) incurred by any holder in defense of any claim made against any of them that any payment or proceeds received by any holder in respect of all or part of the
Guaranteed Obligations must be surrendered. The provisions of this Section 23.7(a) shall survive the termination of this Parent Guarantee, and any satisfaction and discharge of the Company by virtue of any payment, court order or any federal or
state law. 
 (b)    If an event permitting the acceleration of the maturity of any of the Guaranteed Obligations shall
at any time have occurred and be continuing, and such acceleration shall at such time be prevented by reason of the pendency against the Company or any other Person of any case or proceeding contemplated by Section 23.7(a) hereof, then, for the
purpose of defining the obligation of the Parent Guarantor under this Parent Guarantee, the maturity of the principal amount of the Guaranteed Obligations shall be deemed to have been accelerated with the same effect as if an acceleration had
occurred in accordance with the terms of such Guaranteed Obligations, and the Parent Guarantor shall forthwith pay such principal amount, all accrued and unpaid interest thereon, and all other Guaranteed Obligations, due or that would have become
due but for such case or proceeding, without further notice or demand. 

Section 23.8.    Term of Guarantee. This Parent Guarantee and all guarantees,
covenants and agreements of the Parent Guarantor contained herein shall continue in full force and effect and shall not be discharged until such time as all of the principal of and interest on the Notes, the other Guaranteed Obligations and other
independent payment obligations of the Parent Guarantor under this Parent Guarantee shall be indefeasibly paid in cash and performed in full. 

SECTION 24. MISCELLANEOUS. 

Section 24.1.    Successors and Assigns. All covenants and other agreements
contained in this Agreement by or on behalf of any of the parties hereto bind and inure to the benefit of their respective successors and permitted assigns (including, without limitation, any subsequent holder of a Note) whether so expressed or not.

 Section 24.2.    Payments Due on Non-Business
Days. Anything in this Agreement or the Notes to the contrary notwithstanding (but without limiting the requirement in Section 8.4 that the notice of any optional prepayment specify a Business Day as the date fixed for such
prepayment), any payment of principal of or Make-Whole Amount or interest on any Note that is due on a date other than a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation
of the interest payable on such next succeeding Business Day; provided that if the maturity date of any Note is a date other than a Business Day, the payment otherwise due on such maturity date shall be made on the next succeeding Business Day and
shall include the additional days elapsed in the computation of interest payable on such next succeeding Business Day. 

  
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 Section 24.3.    Accounting Terms.
All accounting terms used herein which are not expressly defined in this Agreement have the meanings respectively given to them in accordance with GAAP. Except as otherwise specifically provided herein, (i) all computations made pursuant to
this Agreement shall be made in accordance with GAAP, and (ii) all financial statements shall be prepared in accordance with GAAP and all amounts shall be presented in Dollars. For purposes of determining compliance with the financial covenants
contained in this Agreement, any election by any Obligor to measure any financial liability using fair value (as permitted by International Accounting Standard 39 or any similar accounting standard) shall be disregarded and such determination shall
be made as if such election had not been made. 
 Section 24.4.    Severability.
Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and
any such prohibition or unenforceability in any jurisdiction shall (to the full extent permitted by law) not invalidate or render unenforceable such provision in any other jurisdiction. 

Section 24.5.    Construction, etc. Each covenant contained herein shall be
construed (absent express provision to the contrary) as being independent of each other covenant contained herein, so that compliance with any one covenant shall not (absent such an express contrary provision) be deemed to excuse compliance with any
other covenant. Where any provision herein refers to action to be taken by any Person, or which such Person is prohibited from taking, such provision shall be applicable whether such action is taken directly or indirectly by such Person. 

For the avoidance of doubt, (i) all Schedules and Exhibits attached to this Agreement shall be deemed to be a part hereof, (ii) the
term “or” is not exclusive, (iii) the term “including” means “including without limitation,” “including but not limited to” or words of similar import, (iv) words in the singular include the plural,
and in the plural include the singular, (v) the word “will” shall be interpreted to express a command and (vi) all references to this Agreement and to the Notes contained in this Agreement and in each other Financing Agreement
shall mean and include this Agreement and the Notes as amended from time to time. 

Section 24.6.    Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be an original but all of which together shall constitute one instrument. Each counterpart may consist of a number of copies hereof, each signed by less than all, but together signed by all, of the parties hereto.

 Section 24.7.    Governing Law. This Agreement shall be construed and
enforced in accordance with, and the rights of the parties shall be governed by, the law of the State of New York excluding choice-of-law principles of the law of such
State that would permit the application of the laws of a jurisdiction other than such State. 

  
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 Section 24.8.    Jurisdiction and Process;
Waiver of Jury Trial. (a) Each Obligor irrevocably submits to the non-exclusive jurisdiction of any New York State or federal court sitting in the Borough of Manhattan, The City of New York,
over any suit, action or proceeding arising out of or relating to this Agreement or the Notes. To the fullest extent permitted by applicable law, each Obligor irrevocably waives and agrees not to assert, by way of motion, as a defense or otherwise,
any claim that it is not subject to the jurisdiction of any such court, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in any such court and any claim that any such suit,
action or proceeding brought in any such court has been brought in an inconvenient forum. 
 (b)    Each Obligor agrees,
to the fullest extent permitted by applicable law, that a final judgment in any suit, action or proceeding of the nature referred to in Section 24.8(a) brought in any such court shall be conclusive and binding upon it subject to rights of
appeal, as the case may be, and may be enforced in the courts of the United States of America or the State of New York (or any other courts to the jurisdiction of which it or any of its assets is or may be subject) by a suit upon such judgment. 

(c)    Each Obligor consents to process being served by or on behalf of any holder of Notes in any suit, action or
proceeding of the nature referred to in Section 24.8(a) by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, return receipt requested, to it at its address specified in
Section 19 or at such other address of which such holder shall then have been notified pursuant to said Section. Each Obligor agrees that such service upon receipt (i) shall be deemed in every respect effective service of process upon it
in any such suit, action or proceeding and (ii) shall, to the fullest extent permitted by applicable law, be taken and held to be valid personal service upon and personal delivery to it. Notices hereunder shall be conclusively presumed received
as evidenced by a delivery receipt furnished by the United States Postal Service or any reputable commercial delivery service. 

(d)    The Parent Guarantor hereby irrevocably appoints CT Corporation System to receive for it, and on its behalf,
service of process in the United States in connection with this Agreement and the Notes. Service of process on CT Corporation System in connection with the foregoing appointment must be made at the following address: CT Corporation System, 111 Eight
Avenue, 13th Floor, New York, New York 10011 (telephone number: 212-894-8800). 

(e)    Nothing in this Section 24.8 shall affect the right of any holder of a Note to serve process in any manner
permitted by law, or limit any right that the holders of any of the Notes may have to bring proceedings against any Obligor in the courts of any appropriate jurisdiction or to enforce in any lawful manner a judgment obtained in one jurisdiction in
any other jurisdiction. 
 (f)    THE PARTIES HERETO HEREBY
WAIVE TRIAL BY JURY IN ANY ACTION BROUGHT ON OR WITH RESPECT
TO THIS AGREEMENT, THE NOTES OR ANY OTHER DOCUMENT EXECUTED IN
CONNECTION HEREWITH OR THEREWITH. 

  
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 Section 24.9.    Obligation to Make Payment in
Dollars. (a) Any payment on account of an amount that is payable hereunder or under the Notes in Dollars which is made to or for the account of any holder of Notes in any other currency, whether as a result of any judgment or order
or the enforcement thereof or the realization of any security or the liquidation of either Obligor, shall constitute a discharge of the obligation of each Obligor under this Agreement or the Notes only to the extent of the amount of Dollars which
such holder could purchase in the foreign exchange markets in New York, New York, with the amount of such other currency in accordance with normal banking procedures at the rate of exchange prevailing on the Business Day following receipt of the
payment first referred to above. If the amount of Dollars that could be so purchased is less than the amount of Dollars originally due to such holder, each Obligor jointly and severally agrees to the fullest extent permitted by law, to indemnify and
save harmless such holder from and against all loss or damage arising out of or as a result of such deficiency. This indemnity shall, to the fullest extent permitted by law, constitute an obligation separate and independent from the other
obligations contained in this Agreement and the Notes, shall give rise to a separate and independent cause of action, shall apply irrespective of any indulgence granted by such holder from time to time and shall continue in full force and effect
notwithstanding any judgment or order for a liquidated sum in respect of an amount due hereunder or under the Notes or under any judgment or order. 

*    *    *    *    * 

  
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 If you are in agreement with the foregoing, please sign the form of agreement on a counterpart of
this Agreement and return it to the Obligors, whereupon this Agreement shall become a binding agreement between you and the Obligors. 
  

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

		
	By	 	  

	Name:	 	  

	Title:	 	  

	
	 CHICAGO BRIDGE & IRON
COMPANY N.V., as the Parent Guarantor

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

	Name:	 	  

	Title:	 	  

  
 -86- 

 This Agreement is hereby 

accepted and agreed to as 
 of the date thereof. 

 

			
	[VARIATION]
		
	By	 	  

	Name:	 	  

	Title:	 	  

  
 [SCHEDULE
A NOT ATTACHED.] 

  
 SCHEDULE A

 (to Note Purchase Agreement) 

 DEFINED TERMS 

As used herein, the following terms have the respective meanings set forth below or set forth in the Section hereof following such term: 

“2013 Revolving Credit Agreement” means the Credit Agreement dated as of October 28, 2013 by and among the Parent
Guarantor, the Company and certain other Subsidiaries of the Parent Guarantor party thereto, as designated borrowers, the lenders party thereto and Bank of America, N.A., as administrative agent, as amended, restated, amended and restated,
supplemented, replaced or otherwise modified from time to time. 
 “2015 Notes” means the Company’s U.S. $200,000,000
7.53% Amended and Restated Senior Notes due July 30, 2025 issued under the 2015 NPA. 
 “2015 NPA” means the Note
Purchase Agreement dated as of July 22, 2015 between the Company, the Parent Guarantor and the Purchasers named therein, as amended, restated, assumed, supplemented or otherwise modified from time to time. 

“2015 Revolving Credit Agreement” means that certain Amended and Restated Revolving Credit Agreement dated as of July 8,
2015 by and among the Parent Guarantor, the Company and certain other Subsidiaries of the Parent Guarantor party thereto, as designated borrowers, the lenders party thereto and Bank of America, N.A., as administrative agent, in each case, as
amended, restated, amended and restated, supplemented, replaced or otherwise modified from time to time. 
 “2015 Term Loan
Agreement” means a senior term loan facility dated July 8, 2015, providing for term loans with Bank of America, N.A., as administrative agent, the Company, as borrower and the Parent Guarantor and certain of its Subsidiaries as
guarantors, and the other financial institutions party thereto, amended, restated, amended and restated, supplemented, replaced or otherwise modified from time to time. 

“Acceptable Jurisdiction” means The Netherlands, the United States of America, Canada and any country that on April 30,
2004 was a member of the European Union, including any state or political subdivision of any thereof, (including, in the case of the United States of America, the District of Columbia); provided, however, in no event shall Portugal, Italy,
Ireland, Greece and Spain be an “Acceptable Jurisdiction” hereunder. 
 “Account Control Agreement” means, with
respect to any deposit account, securities account, commodity account, securities entitlement or commodity contract in which the Escrowed Closing Proceeds shall be deposited, an agreement, in form and substance reasonably satisfactory to the
Purchasers, the financial institution or other Person at which such account is maintained or with which such entitlement or contract is carried and the Company maintaining such account or owning such entitlement or contract, effective to grant
“control” (within the meaning of Articles 8 and 9 under the applicable UCC) over such account to Escrow Agent, as amended and in effect. 

  
 EXHIBIT
1(a) 
 (to Note Purchase Agreement) 

 “Acquisition” means any transaction, or any series of related transactions,
consummated on or after the date of this Agreement, by which the Parent Guarantor 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. 
 “Additional Covenant” shall mean any affirmative or negative covenant or similar restriction
applicable to the Parent Guarantor or any Subsidiary (regardless of whether such provision is labeled or otherwise characterized as a covenant) the subject matter of which either (i) is similar to that of any covenant in Section 9 or 10 of
this Agreement, or related definitions in Schedule B to this Agreement, but contains one or more percentages, amounts or formulas that is more restrictive than those set forth herein or more beneficial to the holder or holders of the
Indebtedness created or evidenced by the document in which such covenant or similar restriction is contained (and such covenant or similar restriction shall be deemed an Additional Covenant only to the extent that it is more restrictive or more
beneficial), or (ii) is different from the subject matter of any covenant in Section 9 or 10 of this Agreement, or related definitions in Schedule B to this Agreement. 

“Additional Default” shall mean any provision contained in any document or instrument creating or evidencing Indebtedness of
the Parent Guarantor or any Subsidiary which permits the holder or holders of Indebtedness to accelerate (with the passage of time or giving of notice or both) the maturity thereof or otherwise requires the Parent Guarantor or any Subsidiary to
purchase such Indebtedness prior to the stated maturity thereof and which either (i) is similar to any Default or Event of Default contained in Section 11 of this Agreement, or related definitions in Schedule B to this Agreement, but
contains one or more percentages, amounts or formulas that is more restrictive or has a shorter grace period than those set forth herein or is more beneficial to the holders of such other Indebtedness (and such provision shall be deemed an
Additional Default only to the extent that it is more restrictive, has a shorter grace period or is more beneficial) or (ii) is different from the subject matter of any Default or Event of Default contained in Section 11 of this Agreement,
or related definitions in Schedule B to this Agreement. 
 “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.

  
 B-2 

 “Affiliate” means, at any time, and with respect to any Person, any other
Person that at such time directly or indirectly through one or more intermediaries Controls, or is Controlled by, or is under common Control with, such first Person, and, with respect to either Obligor, shall include any Person beneficially owning
or holding, directly or indirectly, 10% or more of any class of voting or equity interests of such Obligor or any Subsidiary or any corporation of which such Obligor and its Subsidiaries beneficially own or hold, in the aggregate, directly or
indirectly, 10% or more of any class of voting or equity interests. As used in this definition, “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of
a Person, whether through the ownership of voting securities, by contract or otherwise. Unless the context otherwise clearly requires, any reference to an “Affiliate” is a reference to an Affiliate of any Obligor. 

“Agreed Collateral Principles” is defined in Section 9.15(a). 

“Alternative Minimum Net Worth Amount” shall mean 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 fiscal quarter ending on September 30, 2010, plus (c) 75% of the amount, if any, by which stockholders’ equity of the Parent Guarantor is,
in accordance with GAAP, adjusted from time to time as a result of the issuance of any Equity Interests after June 30, 2010. 

“AML/Terrorist Law Listed Person” is defined in Section 5.16(a). 

“AML/Terrorist Laws” is defined in Section 5.16(c). 

“Amendment No. 2 Effective Date” means June 30, 2015. 

“Anti-Money Laundering Laws” is defined in Section 5.16(c). 

“Anti-Terrorism Order” means Executive Order No. 13,224 of September 24, 2001, Blocking Property and Prohibiting
Transactions with Persons Who Commit, Threaten to Commit or Support Terrorism, 66 U.S. Fed. Reg. 49, 079 (2001), as amended. 

“Applicable Balances” means (a) with respect to this Agreement and the 2015 NPA, the outstanding principal balance of
the Notes and the 2015 Notes as of the Relevant Completion Date, (b) with respect to the 2015 Term Loan Agreement, the outstanding principal balance of the term loans thereunder as of the Relevant Completion Date, (c) with respect to the
2013 Revolving Credit Agreement, the average daily Applicable Outstandings for the 90-day period ending as of the Relevant Completion Date, and (d) with respect to the 2015 Revolving Credit Agreement, the
average daily Applicable Outstandings for the 90-day period ending as of the Relevant Completion Date. 

“Applicable Outstandings” means, at any time, (a) with respect to the 2013 Revolving Credit Agreement, the Total
Outstandings (as defined in the 2013 Revolving Credit Agreement as in effect on the Seventh Amendment Effective Date), less the amount of Cash Collateral (as defined in the 2013 Revolving Credit Agreement as in effect on the Seventh Amendment

  
 B-3 

 
Effective Date) held by the Administrative Agent under, and as defined in, the 2013 Revolving Credit Agreement at such time, and (b) with respect to the 2015 Revolving Credit Agreement, the
Total Outstandings (as defined in the 2015 Revolving Credit Agreement as in effect on the Seventh Amendment Effective Date), less the amount of Cash Collateral (as defined in the 2015 Revolving Credit Agreement as in effect on the Seventh Amendment
Effective Date) held by the Administrative Agent under, and as defined in, the 2015 Revolving Credit Agreement at such time. 

“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. 

“Asset Sale Proceeds (Bank Debt) Cash” means the portion of any Net Cash Proceeds received from an Asset Sale or Disposition
allocated towards financing a mandatory offer of prepayment to the lenders under the Transaction Facilities which are deposited into a blocked account opened with the Collateral Agent and held as Collateral pending any such prepayment of
Indebtedness under the Transaction Facilities. 
 “Bilateral Revolving Credit Agreements” means the following revolving
credit facilities (i) a revolving credit facility of up to $263,000,000 between the Parent Guarantor and Intesa San Paolo, (ii) a revolving credit facility of up to $100,000,000 between the Parent Guarantor and SunTrust Bank, (iii) a
revolving credit facility of up to $50,000,000 between the Parent Guarantor and Santander and (iv) a revolving credit facility of up to $50,000,000 between the Parent Guarantor and National Bank of Kuwait. 

“Blocked Person” is defined in Section 5.16(a). 

“Bridge Facility” means bridge loans under a senior bridge facility with Bank of America, N.A. as administrative agent, the
Company, as borrower and the Parent Guarantor and its Subsidiaries as guarantors, as amended and in effect. 
 “Business
Day” means (a) for the purposes of Section 8.6 only, any day other than a Saturday, a Sunday or a day on which commercial banks in New York City are required or authorized to be closed, and (b) for the purposes of any other
provision of this Agreement, any day other than a Saturday, a Sunday or a day on which commercial banks in New York, New York or Houston, Texas are required or authorized to be closed. 

“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. 

  
 B-4 

 “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 GAAP. 
 “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 GAAP. 

“Cash Equivalents” means (a) 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; (b) 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, 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; (c) 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”); (d) 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
(e) 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. 

“Cash Flow Forecast” is defined in Section 7.1(k). 

“Change of Control” is defined in Section 8.7(g). 

“CISADA” means the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010, United States Public Law 111195,
as amended from time to time, and the rules and regulations promulgated thereunder from time to time in effect. 

“Closing” is defined in Section 3. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time, and the rules and regulations
promulgated thereunder from time to time. 
 “Collateral” means, with respect to any Note Party, all property of such Note
Party (whether now owned or hereafter acquired) in which such Note Party is granting a Lien in favor of the Collateral Agent, for the benefit of the Secured Creditors, to secure the obligations and liabilities of the Note Parties under the Financing
Agreements as described in the U.S. Security Instruments, the Dutch Security Instruments and the UK Security Instruments (as each such term 

  
 B-5 

 
is defined in the Seventh Amendment) or any other applicable Security Document to which such Note Party is a party and all proceeds, products, accessions, rents and profits of or in respect of
any of the foregoing. 
 “Collateral Agent” is defined in Section 9.15. 

“Collateral Effective Date” means, with respect to each Note Party, the first date on which the Liens and security interests
in Collateral described in Section 9.15 are granted or purported to be granted by such Note Party to the Collateral Agent for the benefit of the holders of the Notes and the other creditors under the Transaction Facilities. 

“Collateral Note Party” means any Person any of the assets of which are subject to a Lien under any Security Document as
security for all or any portion of the obligations of each Obligor under this Agreement. 
 “Company” means Chicago
Bridge & Iron Company (Delaware), a Delaware corporation or any successor that becomes such in the manner prescribed in Section 10.2. 

“Confidential Information” is defined in Section 21. 

“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 Parent Guarantor and its Subsidiaries (including capitalized interest and the interest component of Capitalized Leases) for such period. 

“Consolidated Long-Term Lease Rentals” means, for any period, the sum of the minimum amount of rental and other obligations
of the Parent Guarantor 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 Parent Guarantor and its Subsidiaries for
such period, determined on a consolidated basis in accordance with GAAP, but excluding in any event, without duplication, (i) any extraordinary gain or loss (net of any tax effect), (ii) cash distributions received by the Parent Guarantor or
any Subsidiary from any Eligible Joint Venture and (iii) net earnings of any Person (other than a Subsidiary) in which the Parent Guarantor or any Subsidiary has an ownership interest unless such net earnings shall have actually been received
by the Parent Guarantor or such Subsidiary in the form of cash distributions. 
 “Consolidated Net Income Available for Fixed
Charges” means, for any period, Consolidated Net Income plus, without duplication, to the extent deducted in determining such Consolidated Net Income, (i) provisions for income taxes, (ii) Consolidated Fixed Charges, (iii) to
the extent not already included in Consolidated Net Income, dividends and distributions 

  
 B-6 

 
actually received in cash during such period from Persons that are not Subsidiaries of the Parent Guarantor, (iv) up to $50,000,000, in the aggregate, of charges, expenses and losses
incurred from restructuring and integration activities, including in connection with the Tech Business Sale, from the Seventh Amendment Effective Date through the last day of the fiscal quarter ending December 31, 2018, (v) the amount of any
project charges (or Eligible Project Charges, as the case may be) incurred by the Parent Guarantor or its Subsidiaries up to a maximum of (A) $600,000,000 of project charges for the fiscal quarter ending June 30, 2017, (B) $105,000,000 of
Eligible Project Charges for the fiscal quarter ending September 30, 2017, and (C) $100,000,000 of Eligible Project Charges for the fiscal quarter ending December 31, 2017; provided that unused add backs for project charges may not be
rolled forward and used in a subsequent quarter, (vi) non-cash compensation expenses for management or employees to the extent deducted in computing Consolidated Net Income, and (vii) equity earnings
booked or recognized by the Parent Guarantor or any of its Subsidiaries from Eligible Joint Ventures not to exceed 15% of EBITDA of the Parent Guarantor pursuant to clauses (i) through (vii) of the definition of EBITDA for such period. 

“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 Parent Guarantor and its consolidated Subsidiaries plus any preferred stock of the Parent Guarantor to the extent that it has not been redeemed for indebtedness, as determined in
accordance with GAAP. 
 “Consolidated Total Assets” means, as of any date of determination, the total amount of all assets
of the Parent Guarantor and its Subsidiaries, determined on a consolidated basis in accordance with GAAP. 
 “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 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” is defined in Section 8.7(g). 

  
 B-7 

 “Controlled Entity” means any of the Subsidiaries of any Obligor and any of
their or any Obligor’s respective Controlled Affiliates. As used in this definition, “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person,
whether through the ownership of voting securities, by contract or otherwise. 
 “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, 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. 

“Credit Agreement” means, individually and collectively (as the context may require), (i) any credit or facility
agreement of an Obligor or any Subsidiary or other agreement of an Obligor or a Subsidiary, in each case, either (a) providing for a committed facility (providing for either revolving loans or term loans or a combination of both) of
Indebtedness in an aggregate principal amount of $100,000,000 or greater or (b) pursuant to which, and at the relevant time of determination, an aggregate principal amount of $100,000,000 or greater or Indebtedness is outstanding, (ii) the
2013 Revolving Credit Facility, (iii) the 2015 Revolving Credit Agreement, and (iv) the 2015 Term Loan Agreement, in each case as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions
or replacements thereof. 
 “Customary Permitted Liens” means: 

(a)     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 GAAP; 

(b)     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 GAAP; 

(c)     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 appeal bonds; provided that (i) 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 

  
 B-8 

 
businesses taken as a whole, and (ii) 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; 

(d)     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; 

(e)     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 11(k) hereof; and 

(f)     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. 
 “DBRS” means DBRS, Inc. or its successors.
 
 “Default” means an event or condition the occurrence or existence of which would, with the lapse of time or the
giving of notice or both, become an Event of Default. 
 “Default Rate” means, with respect to the Notes of any series,
that rate of interest that is the greater of (i) 2.0% per annum above the rate of interest stated in clause (a) of the first paragraph of the Notes of such series or (ii) 2.0% over the rate of interest publicly announced by Bank of
America, N.A. in New York, New York as its “base” or “prime” rate. 
 “Designated Rating Agency” means
any of DBRS, S&P, Moody’s or Fitch. 
 “Direct Foreign Subsidiary” means a Subsidiary other than a Domestic
Subsidiary a majority of whose Voting Securities, or a majority of whose Subsidiary Securities, are owned by a Domestic Subsidiary. 

“Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition (including any sale
and leaseback transaction) of any property by any Person, including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. 

“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 maturity date of the Series D Notes. 

  
 B-9 

 “Dollars” or “U.S.$” means lawful money of the United States of
America. 
 “Domestic Disregarded Subsidiary” is defined in Section 9.8. 

“Domestic Subsidiary” means a Subsidiary of the Parent Guarantor 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. 
 “EBIT”
means, for any period, on a consolidated basis for the Parent Guarantor and its Subsidiaries, the sum of the amounts for such period, without duplication, calculated in each case in accordance with GAAP, 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 Parent Guarantor and its Subsidiaries, the sum of the amounts
for such period, without duplication, calculated in each case in accordance with GAAP, of (i) EBIT plus (ii) depreciation 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) 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 Parent Guarantor, plus (vi) up to $50,000,000, in the aggregate, of charges, expenses and losses incurred from restructuring and integration activities, including in connection with the Tech Business Sale during the period from
the Seventh Amendment Effective Date through the last day of the fiscal quarter ended December 31, 2018, plus (vii) the amount of any project charges (or Eligible Project Charges, as the case may be) incurred by the Parent Guarantor or its
Subsidiaries up to a maximum of (A) $65,000,000 of project charges for the fiscal quarter ending March 31, 2017, (B) $600,000,000 of project charges for the fiscal quarter ending June 30, 2017, (C) $105,000,000 of Eligible Project Charges
for the fiscal quarter ending September 30, 2017, and (D) $100,000,000 of Eligible Project Charges for the fiscal quarter ending December 31, 2017, provided that unused add backs for project charges may not be rolled forward and used in a
subsequent quarter, and plus (viii) equity earnings booked or recognized by the Parent Guarantor or any of its Subsidiaries from Eligible Joint Ventures not to exceed 15% of EBITDA pursuant to clauses (i) through (vii) of this definition
for such period. 
 “Electronic Delivery” is defined in Section 7.1(a). 

  
 B-10 

 “Eligible Joint Venture” means, at each time of determination, a joint venture
of the Parent Guarantor or any of its Subsidiaries that has been designated as such to the holders of the Notes (i) for which annual unaudited financial statements and quarterly unaudited financial statements have been delivered to the holders
of the Notes, in each case such financial statements prepared in accordance with GAAP, (ii) of which between a 20% and 50% interest in the profits or capital thereof is owned by the Parent Guarantor or one or more of its Subsidiaries, or the
Parent Guarantor and one or more of its Subsidiaries, (iii) for which the Eligible Joint Venture Leverage Ratio of such joint venture is less than 1.00 to 1.00, and (iv) that is validly existing under the laws of its jurisdiction of
organization or formation (or equivalent); provided, however, that there may not be more than ten (10) designated Eligible Joint Ventures at any time. 

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

“Eligible Joint Venture EBITDA” means, for any period, for any joint venture of the Parent Guarantor or any of its
Subsidiaries, an amount equal to Eligible Joint Venture Consolidated Net Income for such period plus, without duplication, (i) the following to the extent deducted in calculating such Eligible Joint Venture Consolidated Net Income:
(a) Eligible Joint Venture Interest Charges for such period, (b) the provision for federal, state, local and foreign income taxes payable by such joint venture for such period, (c) depreciation and amortization expense and
(d) other non-recurring expenses of such joint venture reducing such Eligible Joint Venture Consolidated Net Income which do not represent a cash item in such period or any future period, and
minus, without duplication, (ii) the following to the extent included in calculating such Eligible Joint Venture Consolidated Net Income: (a) federal, state, local and foreign income tax credits of such joint venture for such period
and (b) all non-cash items increasing Eligible Joint Venture Consolidated Net Income for such period. 

“Eligible Joint Venture Interest Charges” means, for any period, for any joint venture of the Parent Guarantor or any of its
Subsidiaries, the sum of (i) all interest, premium payments, debt discount, fees, charges and related expenses of such joint venture in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase
price of assets, in each case to the extent treated as interest in accordance with GAAP, and (ii) the portion of rent expense of such joint venture with respect to such period under capital leases that is treated as interest in accordance with
GAAP. 
 “Eligible Joint Venture Leverage Ratio” means, as of any date of determination, for any joint venture of the
Parent Guarantor, the ratio of (i) Indebtedness for such joint venture of the Parent Guarantor or any of its Subsidiaries, on a consolidated basis, to (ii) Eligible Joint Venture EBITDA for the period of the four prior fiscal quarters
ending on or most recently ended prior to such date. 

  
 B-11 

 “Eligible Project Charges” means project charges incurred on the Calpine York II
Power Plant, IPL Eagle Valley CCGT Power Plant and Freeport LNG and Cameron LNG projects being undertaken by the Parent Guarantor and its Subsidiaries. 

“Eligible Reinvestment Proceeds” is defined in Section 9.14(d). 

“Employee Benefit Plan” means an employee benefit plan as defined in Section 3(3) of ERISA. 

“Environmental Laws” means any and all federal, state, local, and foreign statutes, laws, regulations, ordinances, rules,
judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or the release of any materials into the environment, including but
not limited to those related to Hazardous Materials. 
 “Environmental Lien” means a lien in favor of any Governmental
Authority for (a) any liability under any Environmental Law, or (b) damages arising from, or costs incurred by such Governmental Authority in response to, a release or threatened release of Hazardous Materials 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. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the rules and
regulations promulgated thereunder from time to time in effect. 
 “ERISA Affiliate” means any trade or business (whether
or not incorporated) that is treated as a single employer together with any Obligor under section 414 of the Code. 
 “Escrow
Agent” means Computershare Trust Company, N.A. and its permitted successors, as escrow agent under the terms of the Escrow Agreement. 

“Escrow Agreement” means the Escrow Agreement dated December 27, 2012 among the Escrow Agent, the Company and the
Purchasers, as amended and in effect. 
 “Escrow Agreement Default Event” shall have occurred if the Required Holders have
given the Company and the Escrow Agent written notice of the existence of a Default or Event of Default in accordance with Section 4(f) of the Escrow Agreement. 

“Escrowed Closing Proceeds” means the $800,000,000 proceeds from the issue and sale of the Notes that shall be funded by the
Purchasers on the date of Closing and held in escrow by the Escrow Agent pursuant to the terms of the Escrow Agreement. 

  
 B-12 

 “Event of Default” is defined in Section 11. 

“Excluded Foreign Subsidiary” means any Foreign Subsidiary other than those listed as Foreign Subsidiaries on
Schedule 5.4. 
 “Excluded Joint Venture” means a Subsidiary that is a joint venture or an unincorporated association
that is not required to become a Guarantor pursuant to Section 9.8. 
 “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 Subsidiaries of the Parent Guarantor parties thereto, the lenders party thereto and
JPMorgan Chase Bank, N.A., as administrative agent, as amended by Amendment No. 1 thereto dated as of October 14, 2011 and Amendment No. 2 thereto dated as of December 21, 2012, and as may be further amended, restated,
supplemented or otherwise modified from time to time. 
 “Existing Term Facility” means that certain $125,000,00 Letter of
Credit and Term Loan Agreement dated as of November 6, 2006, by and among the Parent Guarantor, the Company and certain of the Subsidiaries of the Parent Guarantor parties thereto, the lenders party thereto and Bank of America, N.A., as
administrative agent, as amended by First Amendment thereto dated November 9, 2007, Second Amendment thereto dated August 5, 2008 and Third Amendment thereto dated December 21, 2012, and as may be further amended, restated,
supplemented or otherwise modified from time to time. 
 “FEMA” is defined in Section 9.2. 

“Fifth Amendment Effective Date” means February 24, 2017. 

“Financial Advisor” is defined in Section 9.16. 

“Financial Letter of Credit” means any letter of credit issued or deemed issued under the Revolving Credit Agreement other
than a Performance Letter of Credit. 
 “Financing Agreements” means, collectively, this Agreement, the Notes, the Escrow
Agreement, the Account Control Agreement, the Security Documents, the Intercreditor Agreement and any other agreement or instrument executed and delivered from time to time in connection with any of the foregoing. 

“Fitch” means Fitch IBCA, Inc. or its successors. 

“Fixed Charge Coverage Ratio” is defined in Section 10.9. 

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

“Form 10-K” is defined in Section 7.1(b). 

  
 B-13 

 “Form 10-Q” is defined in
Section 7.1(a). 
 “Fourth Amendment Effective Date” means December 29, 2016.  

“FRB” means the Board of Governors of the Federal Reserve System of the United States. 

“FTI” is defined in Section 9.19.  

“Fundamental Change” is defined in Section 10.2. 

“GAAP” means generally accepted accounting principles (including, if applicable, International Financial Reporting Standards)
as in effect from time to time in the United States of America; provided, however, with respect to the calculation of financial ratios and other financial tests, “GAAP” means generally accepted accounting principles (including, if
applicable, International Financial Reporting Standards) as in effect on the date of this Agreement, applied in a manner consistent with that used in preparing the financial statements of the Parent Guarantor referred to in Section 5.5. 

“Governmental Authority” means 

(a)    the government of 

(i)    the United States of America or any State or other political subdivision thereof, or 

(ii)    any other jurisdiction in which any Obligor or any Subsidiary conducts all or any part of its
business, or which asserts jurisdiction over any properties of any Obligor or any Subsidiary, or 

(b)    any entity exercising executive, legislative, judicial, regulatory or administrative functions of,
or pertaining to, any such government. 
 “Guaranty” means, with respect to any Person, any obligation of such Person
guaranteeing, or in effect guaranteeing, any Indebtedness in any manner, whether directly or indirectly, including such obligations incurred through an agreement, contingent or otherwise, by such Person: 

(a)    to purchase such Indebtedness or any property constituting security therefor; 

(b)    to advance or supply funds (i) for the purchase or payment of such Indebtedness, or
(ii) to maintain any working capital or other balance sheet condition or any income statement condition of any other Person or otherwise to advance or make available funds for the purchase or payment of such indebtedness; 

  
 B-14 

 (c)    to lease properties or to purchase properties or
services primarily for the purpose of assuring the owner of such Indebtedness the ability of any other Person to make payment of the Indebtedness; or 

(d)    otherwise to assure the owner of such Indebtedness against loss in respect thereof. 

In any computation of the Indebtedness of the obligor under any Guaranty, the Indebtedness that are the subject of such Guaranty shall be
assumed to be direct obligations of such obligor. 
 “Hazardous Material” means any and all pollutants, toxic or hazardous
wastes or other substances that are regulated under laws relating to the environment, health or safety, the removal of which may be required or the generation, manufacture, refining, production, processing, treatment, storage, handling,
transportation, transfer, use, disposal, release, discharge, spillage, seepage or filtration of which is or shall be restricted, prohibited or penalized by any applicable law including, but not limited to, asbestos, urea formaldehyde foam
insulation, polychlorinated biphenyls, petroleum, petroleum products, lead based paint, radon gas or similar restricted, prohibited or penalized substances. 

“holder” means, with respect to any Note the Person in whose name such Note is registered in the register maintained by the
Company pursuant to Section 14.1. 
 “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 Parent Guarantor 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) purchase price adjustments, 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 (i) Disqualified Stock. 
 “Initial
Material Domestic Subsidiary Guarantor” means each of (i) CB&I Inc., a Texas corporation, (ii) CBI Services, Inc., a Delaware corporation, and (iii) Chicago Bridge & Iron Company, a Delaware corporation. 

  
 B-15 

 “Initial Material Subsidiary Guarantor” means, as of the date of Closing
(without duplication), any Subsidiary, other than the Company, (i) the consolidated net revenues of which for the most recent fiscal year of the Parent Guarantor for which audited financial statements have been provided were greater than 5% of
the Parent Guarantor’s consolidated net revenues for such year, (ii) the consolidated tangible assets of which as of the end of such fiscal year were greater than 5% of the Parent Guarantor’s consolidated tangible assets as of such
date or (iii) that is designated as a “borrower” under a Credit Agreement, and which Subsidiaries, collectively, constitute at least 80% of the Consolidated Total Assets at of such date and at least 80% of the consolidated net
revenues of the Parent Guarantor and its Subsidiaries for such year. As of the date of the Closing, the Initial Subsidiary Guarantors (A) that satisfy either the preceding clause (i) or (ii) are (1) CB&I Inc., a Texas corporation,
(2) Horton CBI Ltd. a corporation federally incorporated under the laws of Canada, (3) CBI Eastern Anstalt, a legal entity organized under the laws of Liechtenstein, (4) CB&I UK Limited, a private limited company incorporated
under the Companies Act of 1985 of the United Kingdom, (5) CBI Constructors Pty Ltd, a company incorporated under the laws of Australia, and (6) CBI Colombiana S.A., a company duly organized in the Republic of Colombia, and (B) that
satisfy the preceding clause (iii) are (1) CB&I Inc., a Texas corporation, (2) CBI Services, Inc., a Delaware corporation, (3) Chicago Bridge & Iron Company, B.V., a private company with limited liability
incorporated under the laws of The Netherlands, and (4) Chicago Bridge & Iron Company, a Delaware corporation, in each case without regard to the respective 80% tests referred to in the first sentence of this definition. For purposes
of making the determinations required by this definition, revenues and assets of Foreign Subsidiaries shall be converted to Dollars at the rates used in preparing the consolidated balance sheet of the Parent Guarantor included in the applicable
financial statements. 
 “Initial Subsidiary Guarantor” means, as of the date of Closing, each Subsidiary that is either an
Initial Material Subsidiary Guarantor or a “Subsidiary Guarantor” under any Credit Agreement. 
 “Institutional
Investor” means (a) any Purchaser of a Note, (b) any holder of a Note holding (together with one or more of its affiliates) more than 5% of the aggregate principal amount of the Notes then outstanding, (c) any bank, trust
company, savings and loan association or other financial institution, any pension plan, any investment company, any insurance company, any broker or dealer, or any other similar financial institution or entity, regardless of legal form, and
(d) any Related Fund of any holder of any Note. 
 “Intercreditor Agreement” has the meaning set forth in the U.S.
Security Agreement. 
 “Interest Expense” means, for any period, the total gross interest expense of the Parent Guarantor
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 Swap Contracts relating to
interest rate protection, all as determined in conformity with GAAP. 

  
 B-16 

 “Investment” means, with respect to any Person, (a) 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; (b) 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; and (c) 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 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. 

“Investment Grade Rating” means a senior unsecured long term debt rating with respect to the Notes of (a) “BBB
(low)” or better by DBRS, Inc., (b) “BBB-” or better by S&P, (c) “Baa3” or better by Moody’s, or (d) “BBB-” or
better by Fitch (or an equivalent rating from any successor to any of the foregoing); provided that if at any time the Obligors hold ratings from (i) two (but only two) of the foregoing rating agencies, the lower of such ratings shall
apply, and (ii) three or more of the foregoing rating agencies, the second lowest of such ratings shall apply.  

“IRS” means the United States Internal Revenue Service.  

“Joint Venture Indebtedness” shall mean unsecured Indebtedness of the Company or any Subsidiary Guarantor owing to a
joint venture in which the Company or any Subsidiary Guarantor owns any interest and permitted under Section 10.10(b)(12). 

“Leverage Ratio” is defined in Section 10.7. 

“Lien” means, with respect to any Person, any mortgage, lien, pledge, charge, security interest or other encumbrance, or any
interest or title of any vendor, lessor, lender or other secured party to or of such Person under any conditional sale or other title retention agreement or Capitalized Lease having substantially the same economic effect as any of the foregoing,
upon or with respect to any property or asset of such Person (including in the case of stock, stockholder agreements, voting trust agreements and all similar arrangements). 

“Listed Person” is defined in Section 5.16(a). 

“Make-Whole Amount” is defined in Section 8.6. 

“Material” means material in relation to the business, operations, affairs, financial condition, assets or properties of the
Obligors and their Subsidiaries taken as a whole. 
 “Material Subsidiary” means any Subsidiary, (i) the consolidated
net revenues of which for the most recent fiscal year of the Parent Guarantor were greater than 5% of the Parent Guarantor’s consolidated net revenues for such year or (ii) the consolidated tangible assets of which as of the end of such
fiscal year were greater than 5% of the Parent Guarantor’s 

  
 B-17 

 
consolidated tangible assets as of such date; provided that, if at any time the aggregate amount of the consolidated net revenues or consolidated assets of all Subsidiaries that are not Material
Subsidiaries exceeds 12.5% of the Parent Guarantor’s consolidated net revenues for any such fiscal year or 12.5% of the Parent Guarantor’s consolidated assets as of the end of any such fiscal year, the Parent Guarantor (or, in the event
the Parent Guarantor has failed to do so within ten (10) days, the Required Holders) 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, (x) revenues and assets of Foreign Subsidiaries shall be converted into Dollars at the rates used in preparing the
consolidated balance sheet of the Parent Guarantor included in the applicable financial statements and (y) revenues and assets of Excluded Joint Ventures shall be disregarded. The Material Subsidiaries on the Seventh Amendment Effective Date
are identified in Schedule C hereto. 
 “Material Adverse Effect” means a material adverse effect on (a) the
business, operations, affairs, financial condition, assets or properties of the Obligors and their Subsidiaries taken as a whole, or (b) the ability of the Company to perform its obligations under the Notes and the other Financing Agreements to
which it is a party, (c) the ability of the Parent Guarantor to perform its obligations under the Financing Agreements to which it is a party, including the Parent Guarantee, (d) the ability of any ability of the Subsidiary Guarantors, as
a whole, to perform their obligations under any Subsidiary Guarantee or (e) the validity or enforceability of the Financing Agreements (including the Parent Guarantee or the Notes) or any Subsidiary Guarantee of the Subsidiary Guarantors, as a
whole. 
 “Maximum Senior Obligations” means the maximum amount of obligations which may from time to time be payable or
arise under the Transaction Facilities (as in effect on the Fifth Amendment Effective Date) other than the Modified Make-Whole Amount due under Section 9.13 hereof and any Modified Make-Whole Amount due under Section 9.13 of the 2015 NPA
(and as defined therein). 
 “Memorandum” is defined in Section 5.3. 

“Minimum Availability” is defined in Section 10.22. 

“Modified Make-Whole Amount” means the Make-Whole Amount calculated by (a) replacing the phrase “0.50%
(i.e., 50 basis points)” appearing in the definition of “Reinvestment Yield” set forth in Section 8.6 with the phrase “1.50% (i.e., 150 basis points)”, (b) inserting “Section 9.13,
Section 9.14(b) or Section 9.14(c)” in lieu of the phrase “Section 8.2 or has become or is declared to be immediately due and payable pursuant to Section 12.1” appearing in the definitions of “Called
Principal” and “Settlement Date” solely for purposes of making such calculation, and (c) inserting “Section 9.13, Section 9.14(b) or Section 9.14(c)” in lieu of the phrase “Section 8.2 or
Section 12.1” appearing in the definition of “Remaining Scheduled Payments” solely for purposes of making such calculation 

“Moody’s” means Moody’s Investors Service, Inc. or its successors. 

  
 B-18 

 “Mortgage” means any mortgage, deed of trust, trust deed or other equivalent
document now or hereafter encumbering any fee-owned real property of any Domestic Subsidiary in favor of the Collateral Agent, on behalf of the Secured Creditors, as security for any of the obligations of the
Obligors under this Agreement, each of which shall be in form and substance reasonably acceptable to the Collateral Agent.  

“Mortgage Instruments” means such title reports, ALTA title insurance policies (with endorsements), evidence of zoning
compliance, property insurance, flood certifications and flood insurance (and, if applicable FEMA form acknowledgements of insurance), opinions of counsel, ALTA surveys, appraisals, environmental assessments and reports, mortgage tax affidavits and
declarations and other similar information and related certifications as are reasonably requested by, and in form and substance reasonably acceptable to, the Collateral Agent from time to time. 

“Mortgaged Properties” means, collectively, the real properties owned by the Note Parties subject to a Mortgage, including,
without limitation, all buildings, improvements, structures and fixtures now or subsequently located thereon and owned by any such Note Party, pursuant to which the Collateral Agent shall have received completed “Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard Determination with respect to each Mortgaged Property (together with a notice about special flood hazard area status and
flood disaster assistance) duly executed by each Note Party relating thereto. 
 “Most Favorable Covenant” is defined in
Section 9.11(a). 
 “Most Favored Lender Notice” is defined in Section 9.11(c). 

“Multiemployer Plan” means any Plan that is a “multiemployer plan” (as such term is defined in section 4001(a)(3)
of ERISA). 
 “NAIC” means the National Association of Insurance Commissioners or any successor thereto. 

“NEH” means Nuclear Energy Holdings, L.L.C., a Delaware limited liability company and wholly owned subsidiary of the Parent
Guarantor. 
 “NEH Bonds” means the 2.20% bonds and 2.398% bonds due March 15, 2013 issued by NEH. 

“Net Cash Proceeds” means: 

(a)    with respect to any Asset Sale, Disposition or Sale and Leaseback Transaction by any Person but excluding any Asset
Sale or Disposition (including any taking) giving rise to Net Insurance/Condemnation Proceeds and any Asset Sale to the Parent Guarantor or any of its wholly-owned Subsidiaries, (i) cash or Cash Equivalents (freely convertible into Dollars)
received by such Person or any Subsidiary of such Person from such Asset Sale, Disposition or Sale and 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, 

  
 B-19 

 
Disposition or Sale and Leaseback Transaction), after (A) provision for all income or other Taxes measured by or resulting from such Asset Sale or Sale and Leaseback Transaction,
(B) payment of all brokerage commissions and other fees and expenses and commissions related to such Asset Sale, Disposition or Sale and Leaseback Transaction, (C) all amounts used to make any mandatory prepayment of Indebtedness (and any
premium or penalty thereon) secured by a Lien on any asset disposed of in such Asset Sale, Disposition or Sale and Leaseback Transaction as required by the express terms of the instrument governing such Indebtedness or by applicable law, and
(D) the amount of any reasonable reserve established in accordance with GAAP against any working capital or other adjustments to the sale price, in each case, as described in the applicable definitive purchase agreement; provided that
(x) a cash amount equal to any such reserve is held in a blocked account opened with the Collateral Agent and (y) the amount of any subsequent reduction of such reserve shall be deemed to be Net Cash Proceeds of such Asset Sale or
Disposition received on the date of such reduction; and (ii) 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, Disposition or Sale and
Leaseback Transaction upon receipt of such cash payments by such Person or such Subsidiary; and 
 (b)    with respect
to the sale or issuance of any Capital Stock by the Parent Guarantor or any of its Subsidiaries, or the incurrence or issuance of any Indebtedness by the Parent Guarantor or any of its Subsidiaries, the excess of (i) the sum of the cash and
Cash Equivalents received in connection with such transaction over (ii) the underwriting discounts and commissions, fees and other reasonable and customary
out-of-pocket expenses, incurred by Parent Guarantor or such Subsidiary in connection therewith. 

“Net Insurance/Condemnation Proceeds” means an amount equal to (a) any cash or Cash Equivalents received by the Parent
Guarantor or any of its Subsidiaries (i) under any casualty insurance policy in respect of a covered loss thereunder of any assets of the Parent Guarantor or any of its Subsidiaries or (ii) as a result of the taking of any assets of the
Parent Guarantor or any of its Subsidiaries by any Person pursuant to the power of eminent domain, condemnation or otherwise, or pursuant to a sale of any such assets to a purchaser with such power under threat of such a taking, minus (b) (i)
any actual out-of-pocket costs incurred by the Parent Guarantor or any of its Subsidiaries in connection with the adjustment, settlement or collection of any claims of
the Parent Guarantor or such Subsidiary in respect thereof, (ii) all amounts used to make any mandatory prepayment of Indebtedness (and any premium or penalty thereon) secured by a Lien on any such assets referred to in clause (a) of this
definition as required by the express terms of the instrument governing such Indebtedness or by applicable law, (iii) in the case of a taking, the reasonable
out-of-pocket costs of putting any affected property in a safe and secure position, and (iv) any selling costs and out-of-pocket expenses (including reasonable broker’s fees or commissions, legal fees, transfer and similar Taxes and the Parent Guarantor’s good faith estimate of income Taxes paid or payable in
connection with any sale or taking of such assets as referred to in clause (a) of this definition. 
 “Non-U.S. Plan” means any plan, fund or other similar program that (a) is established or maintained outside the United States of America by any Obligor or any Subsidiary primarily for the benefit of
employees of an Obligor or one or more Subsidiaries residing outside the United States of America, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments
to be made upon termination of employment, and (b) is not subject to ERISA or the Code. 

  
 B-20 

 “Note Parties” means, collectively, the Parent Guarantor, the Company and each
Subsidiary Guarantor. 
 “Notes” is defined in Section 1. 

“Objecting Holder” means any holder that did not waive an Escrow Agreement Default Event or did not agree that such Escrow
Agreement Default Event was cured, in either case, within fifteen (15) Business Days of delivering written notice of the existence of a Default or Event of Default in accordance with Section 4(f) of the Escrow Agreement. 

“Obligors” is defined in the Preamble. 

“OFAC” means the Office of Foreign Assets Control, U.S. Department of Treasury. 

“OFAC Listed Person” is defined in Section 5.16(a). 

“OFAC Sanctions Program” means all laws, regulations, Executive Orders and any economic or trade sanction that OFAC is
responsible for administering and enforcing, including, without limitation 31 CFR Subtitle B, Chapter V, as amended, along with any enabling legislation; the Bank Secrecy Act; Trading with the Enemy Act; and any similar laws, regulations or orders
adopted by any State within the United States. A list of economic and trade sanctions administered by OFAC may be found at http://www.ustreas.gov/offices/enforcement/ofac/programs/. 

“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. 

“Officer’s Certificate” means a certificate of a Senior Financial Officer or of any other officer of an Obligor whose
responsibilities extend to the subject matter of such certificate or an authorized representative or signor of an Obligor. 

“Parent Guarantee” means the Parent Guarantee contained in Section 23 of this Agreement. 

“Parent Guarantor” means Chicago Bridge & Iron Company N.V., a corporation organized under the laws of The
Netherlands. 

  
 B-21 

 “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in
ERISA or any successor thereto. 
 “Performance Letter of Credit” means any letter of credit issued or deemed issued to
secure ordinary course performance obligations of the Parent Guarantor 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 10.13. 

“Permitted Existing Contingent Obligations” means the Contingent Obligations of the Parent Guarantor and its Subsidiaries
identified as such on Schedule 10.12 to this Agreement.  
 “Permitted Existing Indebtedness” means the Indebtedness
of the Parent Guarantor and its Subsidiaries identified as such on Schedule 10.10(b) to this Agreement. 
 “Permitted Existing J/V
Investments” means the Investments of the Parent Guarantor and its Subsidiaries identified as such on Schedule 10.11(b) 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 Notes, is subordinated in right of payment to the Notes on terms no less favorable to the holders 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 Obligors 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 Parent
Guarantor’s administrative headquarters facility in The Woodlands, Texas or (ii) any Sale and Leaseback Transaction (other than in connection with clause (a)(i)) of all or any portion of the Parent Guarantor’s other property, in each
case on terms acceptable to the Required Holders 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 Parent Guarantor’s facility in Plainfield, Illinois. 

  
 B-22 

 “Person” means an individual, partnership, corporation, limited liability
company, association, trust, unincorporated organization, business entity or Governmental Authority. 
 “Plan” means an
Employee Benefit Plan subject to Title I of ERISA that is or, within the preceding five years, has been established or maintained, or to which contributions are or, within the preceding five years, have been made or required to be made, by an
Obligor or any ERISA Affiliate or with respect to which an Obligor or any ERISA Affiliate may have any liability. 
 “Pledged
Interests” means the Subsidiary Securities heretofore pledged to the Collateral Agent and the Subsidiary Securities required to be pledged as Collateral pursuant to this Agreement or the terms of any Security Document. 

“Preferred Stock” means any class of capital stock of a Person that is preferred over any other class of capital stock (or
similar equity interests) of such Person as to the payment of dividends or the payment of any amount upon liquidation or dissolution of such Person. 

“Prohibited Subsequent Actions” is defined in Section 10.5. 

“Project Jazz” means, collectively, the Disposition by the Company of the Capital Services business. 

“property” or “properties” means, unless otherwise specifically limited, real or personal property of any
kind, tangible or intangible, choate or inchoate. 
 “Proposed Prepayment Date” is defined in Section 8.7(b). 

“PTE” is defined in Section 6.2(a). 

“Purchaser” is defined in the first paragraph of this Agreement. 

“Put Option Agreements” is defined in Section 10.3. 

“Qualified Institutional Buyer” means any Person who is a “qualified institutional buyer” within the meaning of
such term as set forth in Rule 144A(a)(1) under the Securities Act. 
 “Ratable Portion” means, with respect of any holder
of any Note upon the sale, loss or other disposition pursuant to Section 10.3(a), an amount equal to the product of (x) the net proceeds being so applied to the prepayment of Senior Indebtedness in accordance with Section 10.3(a)(2),
multiplied by (y) a fraction the numerator of which is the outstanding principal amount of such Note and the denominator of which is the aggregate outstanding principal amount of Senior Indebtedness of the Company and its Subsidiaries being
prepaid pursuant to Section 10.3(a)(2). 

  
 B-23 

 “Receivable(s)” means and includes all of the Parent Guarantor’s and its
consolidated Subsidiaries’ presently existing and hereafter arising or acquired accounts, accounts receivable, and all present and future rights of the Parent Guarantor 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. 
 “Related
Fund” means, with respect to any holder of any Note, any fund or entity that (i) invests in Securities or bank loans, and (ii) is advised or managed by such holder, the same investment advisor as such holder or by an affiliate of
such holder or such investment advisor. 
 “Release Date” is defined in Section 10.7 as in effect prior to the Fourth
Amendment Effective Date. 
 “Relevant Completion Date” means (a) with respect to each event or transaction described
in Section 9.14(a), 9.14(b) and 9.14(c), the date on which the Net Cash Proceeds arising from such event or transaction are received by the Parent Guarantor or any of its Subsidiaries and (b) with respect to each event described in
Section 9.14(e), the date on which the relevant Net Insurance/Condemnation Proceeds are required to be applied in prepayment under the 2013 Revolving Credit Agreement, the 2015 Revolving Credit Agreement and the 2015 Term Loan Agreement. 

“Required Holders” means, at any time, the holders of at least 51% in principal amount of the Notes at the time outstanding
(exclusive of Notes then owned by the Obligors or any of their respective Affiliates). Notwithstanding the foregoing, to the extent any holder of Notes or any of its controlled Affiliates is participating in the bidding process in connection with
any Tech Business Sale, the Notes held by such holder (or its controlled Affiliates) shall be excluded from any determination of the “Required Holders” for purposes of Section 10.3(a)(7), Section 10.3(b) or Section 11(n)
hereof. 
 “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. 

  
 B-24 

 “Responsible Officer” means any Senior Financial Officer and any other officer
of the Company or the Parent Guarantor, as applicable, with responsibility for the administration of the relevant portion of this Agreement. 

“Restricted Cash” means the amount of unrestricted cash and Cash Equivalents of the Parent Guarantor and its
Subsidiaries calculated on a consolidated basis in the aggregate at any time (excluding cash earmarked to pay unaffiliated third party obligations for which checks have been issued or wires or ACH have been initiated) which: (i) is held in a
bank account located outside the United States; and (ii) if transferred to a bank account located within the United States, would: (a) cause the Parent Guarantor or the relevant Subsidiary to incur a material Tax liability (despite that
person using all reasonable efforts to avoid the relevant Tax liability); or (b) would breach any applicable law or result in personal liability for the Parent Guarantor or the relevant Subsidiary or any of such person’s directors or
management (despite using all reasonable efforts to avoid the breach or result), in each case, excluding Restricted Joint Venture Cash. 

“Restricted Country” is defined in Section 5.16(a). 

“Restricted Joint Venture Cash” means the amount of cash and Cash Equivalents of the Parent Guarantor and its Subsidiaries
with respect to joint ventures and in respect of which the Parent Guarantor or relevant Subsidiary is restricted from exercising control under the applicable joint venture documentation or pursuant to a written resolution by the joint venture board
steering committee or similar governing body of each applicable joint venture. 
 “Restricted Payment” means (a) any
dividend or other distribution, direct or indirect, on account of any Equity Interests of the Parent Guarantor 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, (b) any redemption, retirement, purchase or other acquisition for value, direct or indirect, of any Equity Interests of the Parent Guarantor 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 Parent Guarantor) of other Equity Interests of the Parent Guarantor or any of
its Subsidiaries (other than Disqualified Stock), (c) 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 under the Notes and this Agreement, or any redemption, purchase, retirement, defeasance, prepayment or other acquisition for value, direct or indirect, of
any Indebtedness other than (i) the obligations under the Notes and this Agreement and (ii) any scheduled payments of principal of or interest with respect to Parent Guarantor’s Indebtedness issued pursuant to the Transaction
Facilities, (d) 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 under the Notes and this Agreement) or any Equity
Interests of the Parent Guarantor 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 (e) any payment in respect of a purchase
price adjustment, earn-out or other similar form of contingent purchase price. 

  
 B-25 

 “Revolving Credit Facility” means the Revolving Credit Agreement dated as of
December 21, 2012, among the Parent Guarantor, the Company, certain Subsidiaries of the Parent Guarantor, as Guarantors and as Subsidiary Borrowers, Bank of America, N.A., as Administrative Agent, and the other financial institutions party
thereto, as amended, replaced or otherwise modified and in effect. 
 “Sale and Leaseback Transaction” means any lease,
whether an operating lease or a Capitalized Lease, of any property (whether real or personal or mixed), (a) which the Parent Guarantor or one of its Subsidiaries sold or transferred or is to sell or transfer to any other Person, or
(b) which the Parent Guarantor 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 Parent Guarantor or one of its Subsidiaries to any other
Person in connection with such lease. 
 “S&P” means Standard & Poor’s Rating Services, a division of The
McGraw-Hill Company, or its successors.  
 “SEC” means the Securities and Exchange Commission of the United States,
or any successor thereto. 
 “Secured Creditors” shall have the meaning specified in the Intercreditor Agreement. 

 “Securities” or “Security” shall have the meaning specified in Section 2(1) of the Securities Act.

 “Securities Act” means the Securities Act of 1933, as amended from time to time, and the rules and regulations
promulgated thereunder from time to time in effect. 
 “Security Documents” is defined in Section 9.15 hereof and
includes, without limitation, all security agreements, pledge agreements, account control agreements and all other security documents hereafter delivered granting or perfecting (or purporting to grant or perfect) a Lien on any property of any Person
to secure the obligations and liabilities of the Obligors or Subsidiary Guarantors under any Financing Agreement. 
 “Security
Joinder Agreement” means a joinder agreement to any Security Document, in form and substance reasonably satisfactory to the Collateral Agent, executed and delivered by a Subsidiary Guarantor or any other Person to the Collateral Agent
pursuant to Section 9.8. 
 “Senior Financial Officer” means the chief financial officer, principal accounting
officer, treasurer or comptroller of the Company or the Parent Guarantor, as applicable. 
 “Senior Indebtedness” means, as
of the date of any determination thereof, Indebtedness determined on a consolidated basis of an Obligor and its Subsidiaries, other than Subordinated Indebtedness. 

  
 B-26 

 “Senior Secured Indebtedness” of a Person means, without duplication, such
Person’s Adjusted Indebtedness outstanding under this Agreement, the Notes and each other Transaction Facility. 
 “Senior
Secured Leverage Ratio” means, as of any date of determination, the ratio of (i) all Senior Secured Indebtedness of the Parent Guarantor and its Subsidiaries as of such date to (ii) EBITDA for the most recently-ended period of
four-fiscal quarters for which financial statements were required to have been delivered. 
 “Separate Account” is defined
in Section 6.2(a). 
 “series” means any series of Notes issued pursuant to this Agreement. 

“Series A Notes” is defined in Section 1. 

“Series B Notes” is defined in Section 1. 

“Series C Notes” is defined in Section 1. 

“Series D Notes” is defined in Section 1. 

“Seventh Amendment” means the Seventh Amendment and Waiver to this Agreement dated the Seventh Amendment Effective Date.
 
 “Seventh Amendment Effective Date” means August 9, 2017. 

“Shaw Acquisition” means the acquisition of The Shaw Group Inc. by the Parent Guarantor (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. 

“Sixth Amendment” means the Sixth Amendment to this Agreement dated the Sixth Amendment Effective Date. 

“Sixth Amendment Effective Date” means May 8, 2017. 

“Subordinated Indebtedness” means (a) all unsecured Indebtedness of the Parent Guarantor that does not have the benefit
of any guaranties or other credit support by Subsidiaries of the Parent Guarantor, and which shall contain or have applicable thereto subordination provisions (x) providing for the subordination thereof to other Indebtedness of the Parent
Guarantor (including, without limitation, the obligations of the Parent Guarantor under the Parent Guarantee and all other obligations owed to the holders under the Financing Agreements), and (y) prohibiting all payments on such Indebtedness at
any time a Default or Event of Default has occurred and is continuing hereunder, and (b) all unsecured Indebtedness of any Subsidiary of the Parent Guarantor which shall contain or have applicable thereto subordination provisions providing for
the subordination thereof to other Indebtedness of such Subsidiary (including, without limitation, the obligations of the Company under this Agreement or the Notes, or of a 

  
 B-27 

 
Subsidiary Guarantor under the Subsidiary Guarantee), which subordination provisions shall prohibit all payments on such Indebtedness at any time a Default or Event of Default has occurred and is
continuing hereunder and shall otherwise be reasonably acceptable to the Required Holders. 
 “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 first 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 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 Parent Guarantor (excluding NEH). 

“Subsidiary Borrower” is defined in Section 8.7(g). 

“Subsidiary Guarantor” means any Subsidiary that executes and delivers a Subsidiary Guarantee on the date of Closing and,
thereafter, in accordance with Section 9.8 hereof; provided that any Person constituting a Subsidiary Guarantor as defined in the preceding clause will cease to constitute a Subsidiary Guarantor when, in accordance with the terms hereof,
it is released from its Subsidiary Guarantee. 
 “Subsidiary Guarantee” is defined in Section 2.3. 

“Subsidiary Securities” means the Equity Interests issued by or equity participations in any Subsidiary, whether or not
constituting a “security” under Article 8 of the Uniform Commercial Code as in effect in any jurisdiction. 

“SVO” means the Securities Valuation Office of the NAIC or any successor to such Office. 

“Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions,
forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index
transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other
similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions
of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange
Master Agreement, 

  
 B-28 

 
or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any
Master Agreement. 
 “Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into
account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such
termination value(s), and (b) for any date prior to the date referenced in clause (a), the amounts(s) determined as the mark-to-market values(s) for such Swap
Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts. 

“Tax” means any tax (whether income, documentary, sales, stamp, registration, issue, capital, property, excise or otherwise),
duty, assessment, levy, impost, fee, compulsory loan, charge or withholding imposed by any Governmental Authority or any taxing authority thereof. 

“Taxing Jurisdiction” is defined in Section 13. 

“Tech Business” means, collectively, (a) the Technology business segment operated by the Parent Guarantor and its
Subsidiaries which provides proprietary technology licenses and associated engineering services and catalysts, primarily for the petrochemical and refining industries, and (b) the engineered products business unit residing in the Fabrication
Services business segment operated by the Parent Guarantor and its Subsidiaries which provides engineered products for the oil and gas, petrochemical, power generation, water and wastewater, mining and mineral processing industries. 

“Tech Business Sale” means the sale by the Parent Guarantor of all or substantially all of its Tech Business (whether by a
sale of assets constituting the Tech Business or Equity Interests of the Subsidiaries operating the Tech Business). 
 “Tech Sale
Marketing Materials” is defined in Section 10.3(b). 
 “Term Facility” means a senior term loan
facility dated as of December 21, 2012, initially providing for term loans 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 Company, as borrower and the Parent Guarantor and certain of its Subsidiaries as guarantors, and other financial institutions party thereto as amended, replaced, or otherwise modified and in effect from time to time. 

“Termination Event” is defined in Section 8.8(a). 

“Termination Event Prepayment Date” is defined in Section 8.8(b). 

“Termination Event Prepayment Notice” is defined in Section 8.8(b). 

“Termination Event Purchase Date” is defined in Section 8.8(c). 

  
 B-29 

 “Termination Event Purchase Request” is defined in
Section 8.8(c). 
 “Termination Price” shall mean 100.5% of the principal amount of any Note being
prepaid or purchased by the Company pursuant to and in accordance with Section 8.8. 
 “Threshold
Amount” means an amount equal to the lesser of (a) $75,000,000 (or its equivalent in the relevant currency of payment), provided that, with respect to any Bilateral Revolving Credit Agreement or any other bilateral letter of
credit facility, such Threshold Amount shall be $50,000,000, and (b) the equivalent threshold amount set forth in any other Transaction Facility (or any document related thereto).  

“Transaction” means the Shaw Acquisition, the payment of fees and expenses in connection therewith, any
issuance by the Parent Guarantor 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, the amendment of the Existing Term Facility
pursuant to Third Amendment thereto dated December 21, 2012, and the entering into and funding under the Revolving Credit Facility. 

“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., as amended an in effect. 
 “Transaction
Facilities” means this Agreement, the 2015 NPA, the 2013 Revolving Credit Agreement, the 2015 Revolving Credit Agreement and the 2015 Term Loan Agreement. 

“Transaction Closing Date” means the date of consummation of the Shaw Acquisition, 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). 
 “Unrestricted Cash” means the amount of cash and Cash Equivalents of the
Parent Guarantor and its Subsidiaries calculated on a consolidated basis in the aggregate at any time (excluding cash earmarked to pay unaffiliated third party obligations for which checks have been issued or wires or ACH have been initiated),
together with any Unrestricted Joint Venture Cash, but excluding any Restricted Cash, Asset Sales Proceeds (Bank Debt) Cash and Restricted Joint Venture Cash. 

“Unrestricted Joint Venture Cash” means the amount of cash and Cash Equivalents of the Parent Guarantor and its
Subsidiaries with respect to joint ventures that is not Restricted Joint Venture Cash.  
 “USA Patriot Act” means
United States Public Law 107-56, Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001, as amended from time to time, and
the rules and regulations promulgated thereunder from time to time in effect. 

  
 B-30 

 “U.S. Loan Party” shall mean each Obligor and each Subsidiary Guarantor that is
a Domestic Subsidiary. 
 “US CFC HoldCo” is defined as Section 9.8. 

“U.S. Security Agreement” means that certain Amended and Restated Pledge and Security Agreement dated as of August 4,
2017, among the U.S. Loan Parties and the Collateral Agent, as supplemented from time to time by the execution and delivery of Security Joinder Agreements pursuant to Section 9.8, and as further modified, amended, amended and restated or
further supplemented from time to time. 
 “Voting Securities” means shares of Capital Stock the holders of
which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even if the right so to vote has been suspended by the happening of such a contingency.

 “Wholly-Owned Subsidiary” means, at any time, any Subsidiary one hundred percent of all of the equity interests (except
directors’ qualifying shares or shares required by applicable law to be owned by another Person) and voting interests of which are owned by any one or more of either Obligor and such Obligor’s other Wholly-Owned Subsidiaries at such time.

  

  
 B-31 

 ANNEX II-A 

EXHIBIT 1(a) 
 FORM OF
AMENDED AND RESTATED SERIES A NOTE 
 (see attached) 

  
 EXHIBIT
1(a) 
 (to Note Purchase and Guarantee Agreement) 

 [FORM OF SERIES A NOTE]

 CHICAGO BRIDGE & IRON COMPANY (DELAWARE)

 7.15% AMENDED AND RESTATED SENIOR NOTE,
SERIES A, DUE DECEMBER 27, 2017 
  

			
	No. [                    ]	  	[Date]
	$[                        ]	  	PPN [                    ]

 FOR VALUE RECEIVED, the undersigned, CHICAGO
BRIDGE & IRON COMPANY (DELAWARE) (herein called the “Company”), a corporation organized and existing under the laws of the State of Delaware, hereby promises to
pay to [                    ], or registered assigns, the principal sum of
[                                        ]
DOLLARS (or so much thereof as shall not have been prepaid) on December 27, 2017, with interest (computed on the basis of a 360-day year of twelve
30-day months) (a) on the unpaid balance hereof at the rate of 7.15% per annum from the date hereof, payable semiannually, on the 27th day of June and December in each year, commencing on June 27,
2013, until the principal hereof shall have become due and payable, and (b) to the extent permitted by law, on any overdue payment of interest and, during the continuance of an Event of Default, on such unpaid balance and on any overdue payment
of any Make-Whole Amount, at a rate per annum from time to time equal to the greater of (i) 9.15% or (ii) 2.0% over the rate of interest publicly announced by Bank of America, N.A. from time to time in
New York, New York as its “base” or “prime” rate, payable semiannually as aforesaid (or, at the option of the registered holder hereof, on demand). 

Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in lawful money of the United States
of America at Bank of America, N.A or at such other place as the Company shall have designated by written notice to the holder of this Note as provided in the Note Purchase and Guarantee Agreement referred to below. 

This Note is one of a series of Senior Notes (herein called the “Notes”) issued pursuant to the Note Purchase and Guarantee
Agreement, dated as of December 27, 2012 (as from time to time amended, the “Note Purchase and Guarantee Agreement”), between the Company and the respective Purchasers named therein and is entitled to the benefits thereof. Each
holder of this Note will be deemed, by its acceptance hereof, to have (i) agreed to the confidentiality provisions set forth in Section 21 of the Note Purchase and Guarantee Agreement and (ii) made the representations set forth in
Section 6.2 of the Note Purchase and Guarantee Agreement. Unless otherwise indicated, capitalized terms used in this Note shall have the respective meanings ascribed to such terms in the Note Purchase and Guarantee Agreement. 

This Note amends and restates and is given in substitution for, but not in satisfaction of, that certain 4.15% Senior Note Due
December 27, 2017, originally issued by the Company in favor of [                    ] in the original principal amount of
$[                    ], as amended from time to time prior to the date hereof. 

  
 EXHIBIT
1(a) 
 (to Note Purchase and Guarantee Agreement) 

 This Note is a registered Note and, as provided in the Note Purchase and Guarantee Agreement,
upon surrender of this Note for registration of transfer accompanied by a written instrument of transfer duly executed, by the registered holder hereof or such holder’s attorney duly authorized in writing, a new Note for a like principal amount
will be issued to, and registered in the name of, the transferee. Prior to due presentment for registration of transfer, the Company may treat the person in whose name this Note is registered as the owner hereof for the purpose of receiving payment
and for all other purposes, and the Company will not be affected by any notice to the contrary. 
 The Company will make required
prepayments of principal on the dates and in the amounts specified in the Note Purchase and Guarantee Agreement. This Note is also subject to optional prepayment, in whole or from time to time in part, at the times and on the terms specified in the
Note Purchase and Guarantee Agreement, but not otherwise. 
 If an Event of Default occurs and is continuing, the principal of this Note may
be declared or otherwise become due and payable in the manner, at the price (including any applicable Make-Whole Amount) and with the effect provided in the Note Purchase and Guarantee Agreement. 

This Note shall be construed and enforced in accordance with, and the rights of the Company and the holder of this Note shall be governed by,
the law of the State of New York excluding choice-of-law principles of the law of such State that would permit the application of the laws of a jurisdiction other than
such State. 
  

			
	 CHICAGO BRIDGE & IRON COMPANY

    (DELAWARE)

		
	By	 	  

		 	[Title]

  
 1(a)-2 

 ANNEX II-B 

EXHIBIT 1(b) 
 FORM OF
AMENDED AND RESTATED SERIES B NOTE 
 (see attached) 

  
 EXHIBIT
1(b) 
 (to Note Purchase and Guarantee Agreement) 

 [FORM OF SERIES B NOTE]

 CHICAGO BRIDGE & IRON COMPANY (DELAWARE)

 7.57% AMENDED AND RESTATED SENIOR NOTE,
SERIES B, DUE DECEMBER 27, 2019 
  

			
	No. [                    ]	  	[Date]
	$[                    ]	  	PPN [                    ]

 FOR VALUE RECEIVED, the undersigned, CHICAGO
BRIDGE & IRON COMPANY (DELAWARE) (herein called the “Company”), a corporation organized and existing under the laws of the State of Delaware, hereby promises to
pay to [                    ], or registered assigns, the principal sum of
[                    ] DOLLARS (or so much thereof as shall not have been prepaid) on December 27, 2019, with interest (computed
on the basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance hereof at the rate of 7.57% per annum from the date hereof, payable semiannually,
on the 27th day of June and December in each year, commencing on June 27, 2013, until the principal hereof shall have become due and payable, and (b) to the extent permitted by law, on any overdue payment of interest and, during the
continuance of an Event of Default, on such unpaid balance and on any overdue payment of any Make-Whole Amount, at a rate per annum from time to time equal to the greater of (i) 9.57% or (ii) 2.0% over
the rate of interest publicly announced by Bank of America, N.A. from time to time in New York, New York as its “base” or “prime” rate, payable semiannually as aforesaid (or, at the option of the registered holder hereof, on
demand). 
 Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in lawful money of the
United States of America at Bank of America, N.A. or at such other place as the Company shall have designated by written notice to the holder of this Note as provided in the Note Purchase and Guarantee Agreement referred to below. 

This Note is one of a series of Senior Notes (herein called the “Notes”) issued pursuant to the Note Purchase and Guarantee
Agreement, dated as of December 27, 2012 (as from time to time amended, the “Note Purchase and Guarantee Agreement”), between the Company and the respective Purchasers named therein and is entitled to the benefits thereof. Each
holder of this Note will be deemed, by its acceptance hereof, to have (i) agreed to the confidentiality provisions set forth in Section 21 of the Note Purchase and Guarantee Agreement and (ii) made the representations set forth in
Section 6.2 of the Note Purchase and Guarantee Agreement. Unless otherwise indicated, capitalized terms used in this Note shall have the respective meanings ascribed to such terms in the Note Purchase and Guarantee Agreement. 

This Note amends and restates and is given in substitution for, but not in satisfaction of, that certain 4.57% Senior Note Due
December 27, 2019, originally issued by the Company in favor of [                    ] in the original principal amount of
$[                    ], as amended from time to time prior to the date hereof. 

  
 EXHIBIT
1(b) 
 (to Note Purchase and Guarantee Agreement) 

 This Note is a registered Note and, as provided in the Note Purchase and Guarantee Agreement,
upon surrender of this Note for registration of transfer accompanied by a written instrument of transfer duly executed, by the registered holder hereof or such holder’s attorney duly authorized in writing, a new Note for a like principal amount
will be issued to, and registered in the name of, the transferee. Prior to due presentment for registration of transfer, the Company may treat the person in whose name this Note is registered as the owner hereof for the purpose of receiving payment
and for all other purposes, and the Company will not be affected by any notice to the contrary. 
 The Company will make required
prepayments of principal on the dates and in the amounts specified in the Note Purchase and Guarantee Agreement. This Note is also subject to optional prepayment, in whole or from time to time in part, at the times and on the terms specified in the
Note Purchase and Guarantee Agreement, but not otherwise. 
 If an Event of Default occurs and is continuing, the principal of this Note may
be declared or otherwise become due and payable in the manner, at the price (including any applicable Make-Whole Amount) and with the effect provided in the Note Purchase and Guarantee Agreement. 

This Note shall be construed and enforced in accordance with, and the rights of the Company and the holder of this Note shall be governed by,
the law of the State of New York excluding choice-of-law principles of the law of such State that would permit the application of the laws of a jurisdiction other than
such State. 
  

			
	 CHICAGO BRIDGE & IRON COMPANY

    (DELAWARE)

		
	By	 	  

		 	[Title]

  
 1(b)-2 

 ANNEX II-C 

EXHIBIT 1(c) 
 FORM OF
AMENDED AND RESTATED SERIES C NOTE 
 (see attached) 

  
 EXHIBIT
1(c) 
 (to Note Purchase and Guarantee Agreement) 

 [FORM OF SERIES C NOTE]

 CHICAGO BRIDGE & IRON COMPANY (DELAWARE)

 8.15% AMENDED AND RESTATED SENIOR NOTE,
SERIES C, DUE DECEMBER 27, 2022 
  

			
	No. [                    ]	  	[Date]
	$[                    ]	  	PPN [                    ]

 FOR VALUE RECEIVED, the undersigned, CHICAGO
BRIDGE & IRON COMPANY (DELAWARE) (herein called the “Company”), a corporation organized and existing under the laws of the State of Delaware, hereby promises to
pay to [                    ], or registered assigns, the principal sum of
[                    ] DOLLARS (or so much thereof as shall not have been prepaid) on December 27, 2022, with interest (computed
on the basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance hereof at the rate of 8.15% per annum from the date hereof, payable semiannually,
on the 27th day of June and December in each year, commencing on June 27, 2013, until the principal hereof shall have become due and payable, and (b) to the extent permitted by law, on any overdue payment of interest and, during the
continuance of an Event of Default, on such unpaid balance and on any overdue payment of any Make-Whole Amount, at a rate per annum from time to time equal to the greater of (i) 10.15% or (ii) 2.0% over
the rate of interest publicly announced by Bank of America, N.A. from time to time in New York, New York as its “base” or “prime” rate, payable semiannually as aforesaid (or, at the option of the registered holder hereof, on
demand). 
 Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in lawful money of the
United States of America at Bank of America, N.A. or at such other place as the Company shall have designated by written notice to the holder of this Note as provided in the Note Purchase and Guarantee Agreement referred to below. 

This Note is one of a series of Senior Notes (herein called the “Notes”) issued pursuant to the Note Purchase and Guarantee
Agreement, dated as of December 27, 2012 (as from time to time amended, the “Note Purchase and Guarantee Agreement”), between the Company and the respective Purchasers named therein and is entitled to the benefits thereof. Each
holder of this Note will be deemed, by its acceptance hereof, to have (i) agreed to the confidentiality provisions set forth in Section 21 of the Note Purchase and Guarantee Agreement and (ii) made the representations set forth in
Section 6.2 of the Note Purchase and Guarantee Agreement. Unless otherwise indicated, capitalized terms used in this Note shall have the respective meanings ascribed to such terms in the Note Purchase and Guarantee Agreement. 

This Note amends and restates and is given in substitution for, but not in satisfaction of, that certain 5.15% Senior Note Due
December 27, 2022, originally issued by the Company in favor of [                    ] in the original principal amount of
$[                    ], as amended from time to time prior to the date hereof. 

  
 EXHIBIT
1(c) 
 (to Note Purchase and Guarantee Agreement) 

 This Note is a registered Note and, as provided in the Note Purchase and Guarantee Agreement,
upon surrender of this Note for registration of transfer accompanied by a written instrument of transfer duly executed, by the registered holder hereof or such holder’s attorney duly authorized in writing, a new Note for a like principal amount
will be issued to, and registered in the name of, the transferee. Prior to due presentment for registration of transfer, the Company may treat the person in whose name this Note is registered as the owner hereof for the purpose of receiving payment
and for all other purposes, and the Company will not be affected by any notice to the contrary. 
 The Company will make required
prepayments of principal on the dates and in the amounts specified in the Note Purchase and Guarantee Agreement. This Note is also subject to optional prepayment, in whole or from time to time in part, at the times and on the terms specified in the
Note Purchase and Guarantee Agreement, but not otherwise. 
 If an Event of Default occurs and is continuing, the principal of this Note may
be declared or otherwise become due and payable in the manner, at the price (including any applicable Make-Whole Amount) and with the effect provided in the Note Purchase and Guarantee Agreement. 

This Note shall be construed and enforced in accordance with, and the rights of the Company and the holder of this Note shall be governed by,
the law of the State of New York excluding choice-of-law principles of the law of such State that would permit the application of the laws of a jurisdiction other than
such State. 
  

			
	 CHICAGO BRIDGE & IRON COMPANY

(DELAWARE)

		
	By	 	  

		 	[Title]

  
 1(c)-2 

 ANNEX II-D 

EXHIBIT 1(d) 
 FORM OF
AMENDED AND RESTATED SERIES D NOTE 
 (see attached) 

  
 EXHIBIT
1(d) 
 (to Note Purchase and Guarantee Agreement) 

 [FORM OF SERIES D NOTE]

 CHICAGO BRIDGE & IRON COMPANY (DELAWARE)

 8.30% AMENDED AND RESTATED SENIOR NOTE,
SERIES D, DUE DECEMBER 27, 2024 
  

			
	No. [                    ]	  	    [Date]
	$[                    ]	  	    PPN [                    ]

 FOR VALUE RECEIVED, the undersigned, CHICAGO
BRIDGE & IRON COMPANY (DELAWARE) (herein called the “Company”), a corporation organized and existing under the laws of the State of Delaware, hereby promises to
pay to [                    ], or registered assigns, the principal sum of
[                    ] DOLLARS (or so much thereof as shall not have been prepaid) on December 27, 2024, with interest (computed
on the basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance hereof at the rate of 8.30% per annum from the date hereof, payable semiannually,
on the 27th day of June and December in each year, commencing on June 27, 2013, until the principal hereof shall have become due and payable, and (b) to the extent permitted by law, on any overdue payment of interest and, during the
continuance of an Event of Default, on such unpaid balance and on any overdue payment of any Make-Whole Amount, at a rate per annum from time to time equal to the greater of (i) 10.30% or (ii) 2.0% over
the rate of interest publicly announced by Bank of America, N.A. from time to time in New York, New York as its “base” or “prime” rate, payable semiannually as aforesaid (or, at the option of the registered holder hereof, on
demand). 
 Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in lawful money of the
United States of America at Bank of America, N.A. or at such other place as the Company shall have designated by written notice to the holder of this Note as provided in the Note Purchase and Guarantee Agreement referred to below. 

This Note is one of a series of Senior Notes (herein called the “Notes”) issued pursuant to the Note Purchase and Guarantee
Agreement, dated as of December 27, 2012 (as from time to time amended, the “Note Purchase and Guarantee Agreement”), between the Company and the respective Purchasers named therein and is entitled to the benefits thereof. Each
holder of this Note will be deemed, by its acceptance hereof, to have (i) agreed to the confidentiality provisions set forth in Section 21 of the Note Purchase and Guarantee Agreement and (ii) made the representations set forth in
Section 6.2 of the Note Purchase and Guarantee Agreement. Unless otherwise indicated, capitalized terms used in this Note shall have the respective meanings ascribed to such terms in the Note Purchase and Guarantee Agreement. 

This Note amends and restates and is given in substitution for, but not in satisfaction of, that certain 5.30% Senior Note Due
December 27, 2024, originally issued by the Company in favor of [                    ] in the original principal amount of
$[                    ], as amended from time to time prior to the date hereof. 

  
 EXHIBIT
1(d) 
 (to Note Purchase and Guarantee Agreement) 

 This Note is a registered Note and, as provided in the Note Purchase and Guarantee Agreement,
upon surrender of this Note for registration of transfer accompanied by a written instrument of transfer duly executed, by the registered holder hereof or such holder’s attorney duly authorized in writing, a new Note for a like principal amount
will be issued to, and registered in the name of, the transferee. Prior to due presentment for registration of transfer, the Company may treat the person in whose name this Note is registered as the owner hereof for the purpose of receiving payment
and for all other purposes, and the Company will not be affected by any notice to the contrary. 
 The Company will make required
prepayments of principal on the dates and in the amounts specified in the Note Purchase and Guarantee Agreement. This Note is also subject to optional prepayment, in whole or from time to time in part, at the times and on the terms specified in the
Note Purchase and Guarantee Agreement, but not otherwise. 
 If an Event of Default occurs and is continuing, the principal of this Note may
be declared or otherwise become due and payable in the manner, at the price (including any applicable Make-Whole Amount) and with the effect provided in the Note Purchase and Guarantee Agreement. 

This Note shall be construed and enforced in accordance with, and the rights of the Company and the holder of this Note shall be governed by,
the law of the State of New York excluding choice-of-law principles of the law of such State that would permit the application of the laws of a jurisdiction other than
such State. 
  

			
	 CHICAGO BRIDGE & IRON COMPANY

    (DELAWARE)

		
	By	 	  

		 	[Title]

  
 1(d)-2 

 ANNEX III 

SCHEDULE 10.10(b) 

PERMITTED EXISTING INDEBTEDNESS 

Section (a) - Borrowed Money 
  

							
	 Company
	  	 Party
	  	Amount (in $000s)	 
	 Chicago Bridge & Iron Company
	  	2015 Term Loan Agreement	  	$	481,300	 
	 Chicago Bridge & Iron Company
	  	NPA Notes	  	$	731,000	 
	 Chicago Bridge & Iron Company
	  	 2013 Revolving Credit Agreement

($1.35B)
	  	$	204,000	 
	 Chicago Bridge & Iron Company
	  	 2015 Revolving Credit Agreement

($800M)
	  	$	170,000	 
	 Section (b) - Deferred Purchase Price
	  	$	—  	 
	 Section (c) - Lien Obligations
	  	$	0	 
	 Section (d) - Notes
	  	$	—  	 
	 Section (e) - Capitalized Leases
	  	$	0	 
	 Section (f) - Contingent Obligations
	  	 
	Refer to Schedule
10.12	 
 
	 Section (g) - Letters of Credit
	  	 
 
	$1,600,000 Bilateral
 $139,600 Revolvers
	 
  

	 Section (h) - Off-Balance Sheet
Liabilities
	  

	 Sale and Leaseback of Plainfield Facility
	  		  	$	0	 
	 Section (i) - Disqualified Stock
	  	$	—  	 

 ANNEX IV 

SCHEDULE 10.10(b) 

PERMITTED EXISTING INDEBTEDNESS 

The Parent Guarantor has investments in the following list of entities: 
  

	 	1.	CBI (Malaysia) Sdn. Bhd. 

  

	 	2.	Chicago Bridge & Iron Company (Egypt) LLC 

  

	 	3.	Horton CBI, Limited 

  

	 	4.	CBI (Philippines) Inc. 

  

	 	5.	CBI (Thailand) Limited 

  

	 	6.	Chicago Bridge & Iron Company LLC 

  

	 	7.	CBI Clough JV Pte. Ltd 

  

	 	8.	Shaw Nass Middle East, W.L.L. 

  

	 	9.	Shaw Emirates Pipes Manufacturing LLC 

 ANNEX V 

SCHEDULE 10.11(g) 

PERMITTED EXISTING J/V INVESTMENTS 

The Parent Guarantor and its subsidiaries have continuing investment obligations in the following joint ventures and nonconsolidated subsidiaries: 

 

	 	1.	Chevron Lummus Global (CLG) - JV 

  

	 	2.	Net Power LLC 

  

	 	3.	CBI Kentz JV 

  

	 	4.	CB&I Areva MOX Services, LLC 

  

	 	5.	Shaw Nass Middle East, W.L.L. 

  

	 	6.	Shaw SKE&C Middle East Ltd. 

  

	 	7.	Shaw Emirates Pipes Manufacturing LLC 

  

	 	8.	CC JV 

  

	 	9.	CCZ JV 

  

	 	10.	CZJV 

  

	 	11.	Lummus JV 

  

	 	12.	CB&I/Murray and Roberts Projects Joint Venture 

  

	 	13.	Pretrofac-Sumsung-CB&I CFP Joint Operation 

  

	 	14.	ES3 - EBSE Shaw Spool Solutions Fabricação de Sistema de Tubulação Ltda. 

  

	 	15.	CB&I-CTCI B.V. 

 ANNEX VI 

SCHEDULE 10.2 

PERMITTED EXISTING CONTINGENT OBLIGATIONS 

Contingent Obligations in connection with Project Jazz. 

Contingent Obligations in connection with uncommitted bilateral letter of credit facilities. 

 ANNEX VII 

UNDELIVERED ITEMS FROM FOURTH AMENDMENT 

The waiver under Section 3(d) of this Amendment will remain effective only if the Note Parties deliver to the Collateral Agent the items listed in this
Annex VII by the respective dates specified below (which dates may be extended at the sole discretion of the Collateral Agent): 
  

					
	 Item
	  	 Description
	  	 Deadline

	1.	  	For each Mortgaged Property (other than the Parent Guarantor’s administrative headquarters facility in The Woodlands, Texas), each Mortgage and related Mortgage Instrument, in form and substance reasonably satisfactory to the
Required Holders.	  	30 days after the date requested by the Collateral Agent
			
	2.	  	With respect to each Curacao Loan Party and Liechtenstein Loan Party, each item listed in paragraph (2) of Annex VIII to this Amendment	  	September 5, 2017

 ANNEX VIII 

POST-CLOSING MATTERS 
 By the respective
deadlines specified below (which such dates may be extended at the sole discretion of the Collateral Agent), delivery of the following items: 
  

					
	 Item
	  	 Description
	  	 Deadline

	1.	  	For each Mortgaged Property (other than the Parent Guarantor’s administrative headquarters facility in The Woodlands, Texas), each Mortgage and related Mortgage Instrument, in form and substance reasonably satisfactory to the
Required Holders.	  	30 days after the date requested by the Collateral Agent
			
	 2.
	  	 The following, each of which shall be originals or telecopies (followed promptly by originals) unless otherwise specified, each properly
executed by an authorized officer of the applicable signing Curaçao Note Party, Liechtenstein Note Party or Note Party organized in Canada or Australia (collectively, the “Foreign Note Parties”, and individually, each
a “Foreign Note Party”) where applicable, and each in form and substance reasonably satisfactory to the Required Holders and the Collateral Agent:
  

(i) such certificates of resolutions or other action, incumbency certificates and/or other certificates of authorized
officers of each Foreign Note Party as the Required Holders may require evidencing the identity, authority and capacity of each authorized officer thereof authorized to act as an authorized officer in connection with the Foreign Security Instruments
to which such Foreign Note Party is a party;
  

(ii) such documents and certifications as the Required Holders may reasonably require to evidence that each Foreign
Note Party is duly organized or formed, is validly existing and in good standing and qualified in its jurisdiction of organization or maintains its principal place of business;
  

(iii) written opinions of counsel to the Foreign Note Parties (or the Secured Creditors, as is customary in such
foreign jurisdictions), addressed to the Collateral Agent and the holders of the Notes, in form and substance reasonably satisfactory to the Collateral Agent; and
  

(iv) each applicable Curaçao Security Instrument, Liechtenstein Security Instrument or Security Instrument with
respect to Canada or Australia (collectively, the “Foreign Security Instruments”, and individually, each a “Foreign Security Instrument”), in form and substance reasonably satisfactory to the
Collateral Agent, duly executed by each Foreign Note Party, together with:
  

(A) to the extent applicable, filings in form appropriate for filing in all jurisdictions that the Collateral Agent may
deem necessary or desirable in order to perfect the Liens created under the Foreign Security Instruments, covering the Collateral described in the Foreign Security Instruments;
	  	September 5, 2017

					
		  	 (B) except with respect to the Curaçao Note Parties (and, if applicable the Liechtenstein Note
Parties), copies of applicable lien searches or equivalent reports, each of a recent date listing all effective lien notices or comparable documents (together with copies of such documents) that name any Foreign Note Party as debtor and that are
filed in those jurisdictions in which any Foreign Note Party is organized or maintains its principal place of business; and
  

(C) except with respect to the Curaçao Note Parties (and, if applicable the Liechtenstein Note Parties),
certificates and instruments representing the Pledged Interests referred to in the Foreign Security Instruments accompanied by undated stock powers or instruments of transfer executed in blank.
	  	
			
	3.	  	 English law governed charges in favor of and in form and substance reasonably acceptable to the Collateral Agent with respect to the
following:
  

•    Shares in the capital of CB&I UK Limited owned by Chicago Bridge & Iron
Company (Netherlands) LLC (see Section 2.3(b) of U.S. Security Agreement)
  

•    Shares in the capital of CB&I Holdings (UK) Limited owned by Chicago
Bridge & Iron Company B.V. (see Clause 12a. of the Omnibus Deed of Pledge dated August 4, 2017 (the “Dutch Omnibus Pledge”) among the Parent Guarantor and the other Pledgors named therein and the Collateral Agent as
Pledgee)
  
 •    Shares
in the capital of Lutech Resources Limited owned by CB&I Oil and Gas Europe BV (see Clause 12b. of Dutch Omnibus Pledge)
	  	September 5, 2017
			
	4.	  	Each Grantor under the U.S. Security Agreement that maintains one or more BMG Accounts (as defined in the U.S. Security Agreement) shall use its best efforts to obtain consent from Bank Mendes Gans N.V. (“BMG”) for
the grant by such Grantor of (i) a security interest under the U.S. Security Agreement and (ii) a Dutch law-governed pledge, in each case in favor of the Collateral Agent, over such BMG Account (see
Section 2.3(c) of U.S. Security Agreement).	  	September 5, 2017
			
	5.	  	Each Pledgor under the Dutch Omnibus Pledge that maintains one or more bank accounts with BMG shall use its reasonable endeavors to obtain consent from BMG for the grant by such Pledgor of a pledge in favor of the Collateral Agent
over such bank accounts, subject to the Prior Account Bank Pledge (as defined in the Dutch Omnibus Pledge) in favor of BMG and (ii) the Prior BMG Account Bank Pledge (as defined in the Dutch Omnibus Pledge) (see Clause 4.4 of Dutch Omnibus
Pledge).	  	October 3, 2017

					
	6.	  	Each Chargor under the Composite Debenture dated August 4, 2017 (the “UK Debenture”) among CB&I UK Limited and the other Chargors named therein and the Collateral Agent, which maintain a bank account with
BMG shall use reasonable endeavours to obtain consent from BMG to the grant by such Chargor to the Collateral Agent for a third ranking pledge over any such accounts and, if such consent is granted, each such Chargor shall enter into such a pledge
to be governed by the laws of the Netherlands and to be in form and substance satisfactory to the Collateral Agent (who shall act reasonably) (see Clause 7.6 of UK Debenture).	  	October 3, 2017
			
	7.	  	Each Material Subsidiary shall do or cause to be done all things as required in Section 9.15 of the Note Purchase Agreement.	  	September 5, 2017
			
	8.	  	 Executed counterparts of re-executed Guarantor Supplements in substantially the form attached as
Exhibit A to the Subsidiary Guarantee from each of the following Subsidiary Guarantors (copies of which were previously delivered by each such Subsidiary Guarantor to the Noteholders, but cannot be located):

 
 1. Lummus Gasification Technology Licensing Company - 2012 NPA

 
 2. Chicago Bridge & Iron Company (Netherlands), LLC - 2012
and 2015 NPA
  
 3. CBI US Holding Company, Inc - 2012 and 2015
NPA
  
 4. CBI Holdco Two, Inc - 2012 and 2015 NPA

 
 5. CB&I Laurens, Inc. - 2012 NPA

 
 6. CBI Company BV - 2012 and 2015 NPA

 
 7. CBI Constructors PTY LTD - 2015 NPA
	  	August 16, 2017

					
	9.	  	Each of the following Material Subsidiaries shall have executed a Guarantor Supplement in substantially the form attached as Exhibit A to the Subsidiary Guarantee and shall do or cause to be done all such things, and delivered all
such documents, instruments and agreements as required by Section 9.8 of the Note Purchase Agreement:	  	September 5, 2017

  

							
		  	 1. New BV2
  

2. CBI UK Cayman Acquisition Ltd.
  

3. CB&I International, Inc.
  

4. CB&I Fabrication, LLC
  

5. Arabian CBI Ltd
  

6. Arabian CBI Tank Manufacturing Company Inc.

 
 7. CB&I Clearfield, Inc.

 
 8. CB&I El Dorado, Inc.

 
 9. CB&I Lake Charles, LLC
	  	 Netherlands
  

United Kingdom
  

Louisiana
  

Louisiana
  

Saudi Arabia
  

Saudi Arabia
  

Delaware
  

Arkansas
  

Louisiana
	  	

 ANNEX IX 

SCHEDULE C 

MATERIAL SUBSIDIARIES 
  

			
	1. Chicago Bridge & Iron Company	  	Delaware
	2. CB&I LLC	  	Texas
	3. CBI Services, LLC	  	Delaware
	4. Chicago Bridge & Iron Company (Delaware)	  	Delaware
	5. Chicago Bridge & Iron Company B.V.	  	Netherlands
	6. CBI Americas Ltd.	  	Delaware
	7. CB&I Woodlands LLC	  	Delaware
	8. Chicago Bridge & Iron Company	  	Illinois
	9. Asia Pacific Supply Co.	  	Delaware
	10. CBI Company Ltd.	  	Delaware
	11. Central Trading Company Ltd.	  	Delaware
	12. CSA Trading Company Ltd.	  	Delaware
	13. CB&I Technology Inc.	  	Delaware
	14. CBI Overseas, LLC	  	Delaware
	15. A & B Builders, Ltd.	  	Texas
	16. Constructors International, L.L.C.	  	Delaware
	17. HBI Holdings, LLC	  	Delaware
	18. Howe-Baker International, L.L.C.	  	Delaware
	19. Howe-Baker Engineers, Ltd.	  	Texas
	20. Howe-Baker Holdings, L.L.C.	  	Delaware
	21. Howe-Baker Management, L.L.C.	  	Delaware
	22. Howe-Baker International Management, LLC	  	Delaware
	23. Matrix Engineering, Ltd.	  	Texas
	24. Matrix Management Services, LLC	  	Delaware
	25. Oceanic Contractors, Inc.	  	Delaware
	26. CBI Venezolana, S.A.	  	Venezuela
	27. CBI Montajes de Chile Limitada	  	Chile
	28. Horton CBI, Limited	  	Canada
	29. CB&I Europe B.V.	  	Netherlands
	30. CBI Eastern Anstalt	  	Liechtenstein
	31. CB&I Power Company B.V.	  	Netherlands
	32. CBI Constructors Pty Ltd	  	Australia
	 33. CBI Engineering and Construction Consultant (Shanghai) Co. Ltd.
	  	Shanghai
	34. CBI (Philippines), Inc.	  	Philippines
	35. CBI Nederland B.V.	  	Netherlands
	36. CB&I Constructors Limited	  	United Kingdom
	37. CB&I Holdings (U.K.) Limited	  	United Kingdom
	38. CB&I UK Limited	  	United Kingdom
	39. Arabian Gulf Material Supply Company, Ltd.	  	Cayman Islands
	40. CB&I (Nigeria) Limited	  	Nigeria

			
	41. Pacific Rim Material Supply Company, Ltd.	  	Cayman Islands
	42. Southern Tropic Material Supply Company, Ltd.	  	Cayman Islands
	43. Lummus Technology Heat Transfer B.V.	  	Netherlands
	44. Lealand Finance Company B.V.	  	Netherlands
	45. CB&I Singapore PTE Ltd.	  	Singapore
	46. CB&I Oil & Gas Europe B.V.	  	Netherlands
	47. CBI Colombiana S.A.	  	Colombia
	48. Chicago Bridge & Iron (Antilles) N.V.	  	Curaçao
	49. Woodlands International Insurance Company	  	Ireland
	50. Lummus Novolen Technology GmbH	  	Germany
	51. CB&I Lummus GmbH	  	Germany
	52. CB&I Technology International Corporation	  	Delaware
	53. CB&I Technology Ventures, Inc.	  	Delaware
	54. CB&I Technology Overseas Corporation	  	Delaware
	55. CB&I Malta Limited	  	Malta
	56. Lutech Resources Limited	  	United Kingdom
	57. Netherlands Operating Company B.V.	  	Netherlands
	58. CB&I s.r.o.	  	Czech Republic
	59. CBI Peruana S.A.C.	  	Peru
	60. CBI Hungary Holding Limited Liability Company	  	Hungary
	61. Catalytic Distillation Technologies	  	Texas
	62. CB&I Tyler Company	  	Delaware
	63. CB&I Finance Company Limited	  	Ireland
	64. Shaw Alloy Piping Products, LLC	  	Louisiana
	65. CB&I Walker LA, L.L.C.	  	Louisiana
	66. The Shaw Group Inc.	  	Louisiana
	67. CBI Overseas (Far East) Inc.	  	Delaware
	68. CB&I North Carolina, Inc.	  	North Carolina
	69. Lummus Gasification Technology Licensing Company	  	Delaware
	70. CB&I Laurens, Inc.	  	South Carolina
	71. Shaw SSS Fabricators, Inc.	  	Louisiana
	72. Chicago Bridge & Iron Company (Netherlands), LLC	  	Delaware
	73. CBI US Holding Company Inc.	  	Delaware
	74. CBI HoldCo Two Inc.	  	Delaware
	75. CBI Company BV	  	Netherlands
	76. CB&I Holdco, LLC	  	Louisiana
	77. New BV2*	  	Netherlands
	78. CBI UK Cayman Acquisition Ltd.*	  	United Kingdom
	79. CB&I International, Inc.*	  	Louisiana
	80. CB&I Fabrication, LLC*	  	Louisiana
	81. Arabian CBI Ltd*	  	Saudi Arabia
	82. Arabian CBI Tank Manufacturing Company Inc.*	  	Saudi Arabia

			
	83. CB&I Clearfield, Inc.*	  	Delaware
	84. CB&I El Dorado, Inc.*	  	Arkansas
	85. CB&I Lake Charles, LLC*	  	Louisiana

  

	*	To be added as a Subsidiary Guarantor thirty (30) days post-closing. 

 ANNEX X 

SUBSIDIARY GUARANTORS 
  

			
	1. Chicago Bridge & Iron Company	  	Delaware
	2. CB&I LLC	  	Texas
	3. CBI Services, LLC	  	Delaware
	4. Chicago Bridge & Iron Company (Delaware)	  	Delaware
	5. Chicago Bridge & Iron Company B.V.	  	Netherlands
	6. CBI Americas Ltd.	  	Delaware
	7. CB&I Woodlands LLC	  	Delaware
	8. Chicago Bridge & Iron Company	  	Illinois
	9. Asia Pacific Supply Co.	  	Delaware
	10. CBI Company Ltd.	  	Delaware
	11. Central Trading Company Ltd.	  	Delaware
	12. CSA Trading Company Ltd.	  	Delaware
	13. CB&I Technology Inc.	  	Delaware
	14. CBI Overseas, LLC	  	Delaware
	15. A & B Builders, Ltd.	  	Texas
	16. Constructors International, L.L.C.	  	Delaware
	17. HBI Holdings, LLC	  	Delaware
	18. Howe-Baker International, L.L.C.	  	Delaware
	19. Howe-Baker Engineers, Ltd.	  	Texas
	20. Howe-Baker Holdings, L.L.C.	  	Delaware
	21. Howe-Baker Management, L.L.C.	  	Delaware
	22. Howe-Baker International Management, LLC	  	Delaware
	23. Matrix Engineering, Ltd.	  	Texas
	24. Matrix Management Services, LLC	  	Delaware
	25. Oceanic Contractors, Inc.	  	Delaware
	26. CBI Venezolana, S.A.	  	Venezuela
	27. CBI Montajes de Chile Limitada	  	Chile
	28. Horton CBI, Limited	  	Canada
	29. CB&I Europe B.V.	  	Netherlands
	30. CBI Eastern Anstalt	  	Liechtenstein
	31. CB&I Power Company B.V.	  	Netherlands
	32. CBI Constructors Pty Ltd	  	Australia
	 33. CBI Engineering and Construction Consultant (Shanghai) Co. Ltd.
	  	Shanghai
	34. CBI (Philippines), Inc.	  	Philippines
	35. CBI Nederland B.V.	  	Netherlands
	36. CB&I Constructors Limited	  	United Kingdom
	37. CB&I Holdings (U.K.) Limited	  	United Kingdom
	38. CB&I UK Limited	  	United Kingdom
	39. Arabian Gulf Material Supply Company, Ltd.	  	Cayman Islands
	40. CB&I (Nigeria) Limited	  	Nigeria
	41. Pacific Rim Material Supply Company, Ltd.	  	Cayman Islands

			
	42. Southern Tropic Material Supply Company, Ltd.	  	Cayman Islands
	43. Lummus Technology Heat Transfer B.V.	  	Netherlands
	44. Lealand Finance Company B.V.	  	Netherlands
	45. CB&I Singapore PTE Ltd.	  	Singapore
	46. CB&I Oil & Gas Europe B.V.	  	Netherlands
	47. CBI Colombiana S.A.	  	Colombia
	48. Chicago Bridge & Iron (Antilles) N.V.	  	Curaçao
	49. Woodlands International Insurance Company	  	Ireland
	50. Lummus Novolen Technology GmbH	  	Germany
	51. CB&I Lummus GmbH	  	Germany
	52. CB&I Technology International Corporation	  	Delaware
	53. CB&I Technology Ventures, Inc.	  	Delaware
	54. CB&I Technology Overseas Corporation	  	Delaware
	55. CB&I Malta Limited	  	Malta
	56. Lutech Resources Limited	  	United Kingdom
	57. Netherlands Operating Company B.V.	  	Netherlands
	58. CB&I s.r.o.	  	Czech Republic
	59. CBI Peruana S.A.C.	  	Peru
	60. CBI Hungary Holding Limited Liability Company	  	Hungary
	61. Catalytic Distillation Technologies	  	Texas
	62. CB&I Tyler Company	  	Delaware
	63. CB&I Finance Company Limited	  	Ireland
	64. Shaw Alloy Piping Products, LLC	  	Louisiana
	65. CB&I Walker LA, L.L.C.	  	Louisiana
	66. The Shaw Group Inc.	  	Louisiana
	67. CBI Overseas (Far East) Inc.	  	Delaware
	68. CB&I North Carolina, Inc.	  	North Carolina
	69. Lummus Gasification Technology Licensing Company	  	Delaware
	70. CB&I Laurens, Inc.	  	South Carolina
	71. Shaw SSS Fabricators, Inc.	  	Louisiana
	72. Chicago Bridge & Iron Company (Netherlands), LLC	  	Delaware
	73. CBI US Holding Company Inc.	  	Delaware
	74. CBI HoldCo Two Inc.	  	Delaware
	75. CBI Company BV	  	Netherlands
	76. CB&I Holdco, LLC	  	Louisiana
	77. New BV2*	  	Netherlands
	78. CBI UK Cayman Acquisition Ltd.*	  	United Kingdom
	79. CB&I International, Inc.*	  	Louisiana
	80. CB&I Fabrication, LLC*	  	Louisiana
	81. Arabian CBI Ltd*	  	Saudi Arabia
	82. Arabian CBI Tank Manufacturing Company Inc.*	  	Saudi Arabia
	83. CB&I Clearfield, Inc.*	  	Delaware
	84. CB&I El Dorado, Inc.*	  	Arkansas
	85. CB&I Lake Charles, LLC*	  	Louisiana

  

	*	To be added as a Subsidiary Guarantor thirty (30) days post-closing.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}]]