Document:

Form of Transition Services Agreement (The Babcock & Wilcox Company)

 Exhibit 10.4 

TRANSITION SERVICES AGREEMENT 

BETWEEN 
 THE
BABCOCK & WILCOX COMPANY 
 (as service provider) 

and 
 MCDERMOTT
INTERNATIONAL, INC. 
 (as service receiver) 
  

 
  
  

Dated [            ], 2010 

 TABLE OF CONTENTS 

 

					
	 	  	 	  	Page No.
	ARTICLE I	  	 DEFINITIONS
	  	1
	 Section 1.1
	  	 Definitions
	  	1
			
	ARTICLE II	  	 SERVICES
	  	2
	 Section 2.1
	  	 Services
	  	2
	 Section 2.2
	  	 Service Coordinators
	  	3
	 Section 2.3
	  	 Additional Services
	  	3
	 Section 2.4
	  	 Third Party Services
	  	3
	 Section 2.5
	  	 Standard of Performance; Limitation of Liability
	  	4
	 Section 2.6
	  	 Service Boundaries and Scope
	  	5
	 Section 2.7
	  	 Cooperation
	  	6
	 Section 2.8
	  	 Transitional Nature of Services; Changes
	  	6
	 Section 2.9
	  	 Access
	  	6
			
	ARTICLE III	  	 SERVICE CHARGES
	  	6
	 Section 3.1
	  	 Compensation
	  	6
			
	ARTICLE IV	  	 PAYMENT
	  	6
	 Section 4.1
	  	 Payment
	  	6
	 Section 4.2
	  	 Payment Disputes
	  	7
	 Section 4.3
	  	 Review of Charges; Error Correction
	  	7
	 Section 4.4
	  	 Taxes
	  	7
	 Section 4.5
	  	 Records
	  	8
			
	ARTICLE V	  	 TERM
	  	8
	 Section 5.1
	  	 Term
	  	8
			
	ARTICLE VI	  	 DISCONTINUATION OF SERVICES
	  	8
	 Section 6.1
	  	 Discontinuation of Services
	  	8
	 Section 6.2
	  	 Procedures Upon Discontinuation or Termination of Services
	  	8
			
	ARTICLE VII	  	 DEFAULT
	  	9
	 Section 7.1
	  	 Termination for Default
	  	9
			
	ARTICLE VIII	  	 INDEMNIFICATION AND WAIVER
	  	9
	 Section 8.1
	  	 Waiver of Consequential Damages
	  	9
	 Section 8.2
	  	 Services Received
	  	9
	 Section 8.3
	  	 Express Negligence
	  	10
			
	ARTICLE IX	  	 CONFIDENTIALITY
	  	11
	 Section 9.1
	  	 Confidentiality
	  	11
	 Section 9.2
	  	 System Security
	  	11
			
	ARTICLE X	  	 FORCE MAJEURE
	  	12
	 Section 10.1
	  	 Performance Excused
	  	12
	 Section 10.2
	  	 Notice
	  	12
	 Section 10.3
	  	 Cooperation
	  	12

  

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	ARTICLE XI	  	 MISCELLANEOUS
	  	12
	 Section 11.1
	  	 Entire Agreement
	  	12
	 Section 11.2
	  	 Binding Effect; No Third-Party Beneficiaries; Assignment
	  	12
	 Section 11.3
	  	 Amendment; Waivers
	  	13
	 Section 11.4
	  	 Notices
	  	13
	 Section 11.5
	  	 Counterparts
	  	13
	 Section 11.6
	  	 Severability
	  	13
	 Section 11.7
	  	 Governing Law
	  	13
	 Section 11.8
	  	 Performance
	  	14
	 Section 11.9
	  	 Relationship of Parties
	  	14
	 Section 11.10
	  	 Regulations
	  	14
	 Section 11.11
	  	 Construction
	  	14
	 Section 11.12
	  	 Effect if Separation does not Occur
	  	14

 Schedules 

Schedule A - Tax Services 
 Schedule B -
Accounting and Financial Reporting Services 
 Schedule C - Corporate Secretary Services 

Schedule D - Legal Services 
 Schedule E - Human
Resources Services 
 Schedule F - Risk Management Services 

Schedule G - Treasury Services 
 Schedule H -
Sharepoint 
 Schedule I - Disaster Recovery 

Schedule 2.4   Certain Subcontractors 

Schedule 4.1  Payment Instructions 
  

 ii 

 TRANSITION SERVICES AGREEMENT 

This TRANSITION SERVICES AGREEMENT (together with the Schedules hereto, this “Agreement”) is entered into as of
[            ], 2010, by and between The Babcock & Wilcox Company, a Delaware corporation (“B&W”), and McDermott International, Inc., a Panamanian corporation
(“McDermott”). 
 WHEREAS, the Board of Directors of McDermott has determined that it would be
appropriate and desirable for McDermott to distribute (the “Distribution”) on a pro rata basis to the holders of outstanding shares of common stock, par value $1.00 per share, of McDermott all of the outstanding shares of common stock, par
value $0.01 per share, of B&W owned by McDermott; 
 WHEREAS, in order to effectuate the foregoing,
McDermott and B&W have entered into a Master Separation Agreement, dated as of the date hereof (the “Master Separation Agreement”), which provides, among other things, upon the terms and subject to the conditions thereof, for the
separation of the respective businesses of McDermott and B&W and the Distribution, and the execution and delivery of certain other agreements, including this Agreement, in order to facilitate and provide for the foregoing; and 

WHEREAS, in order to provide for an orderly transition under the Master Separation Agreement, it will be advisable for
B&W, through members of the B&W Group, to provide to McDermott certain services described herein for a transitional period. 

NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements herein contained, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows: 

ARTICLE I 

DEFINITIONS 

Section 1.1    Definitions. As used in this Agreement, the following terms shall have the
meanings set forth below: 
 “Additional Services” has the meaning set forth in
Section 2.3. 
 “Agreement” has the meaning set forth in the preamble. 

“Availed Party” has the meaning set forth in Section 9.2(a). 

“B&W” has the meaning set forth in the preamble. 

“Distribution” has the meaning set forth in the recitals. 

“Force Majeure Event” has the meaning set forth in Section 10.1. 

 

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 “Master Separation Agreement” has the meaning set
forth in the recitals. 
 “McDermott” has the meaning set forth in the preamble.

 “Schedules” means the Schedules attached hereto. 

“Security Regulations” has the meaning set forth in Section 9.2(a). 

“Service Coordinator” has the meaning set forth in Section 2.2. 

“Services” has the meaning set forth in Section 2.1(a). 

“Systems” has the meaning set forth in Section 9.2(a). 

“Tax” has the meaning set forth in Section 4.4. 

Capitalized terms used but not otherwise defined in this Agreement shall have the respective meanings assigned to such
terms in the Master Separation Agreement. 
 ARTICLE II 

SERVICES 

Section 2.1    Services. 

(a) Upon the terms and subject to the conditions of this Agreement, B&W, acting directly and/or through its Affiliates
and their respective employees, agents, contractors or independent third parties designated by any of them, agrees to use commercially reasonable efforts to provide or to cause to be provided services to the MII Group as set forth in
Schedules A through I (including any Additional Services provided in accordance with Section 2.3 hereof, all such services are collectively referred to herein as the “Services”). 

(b) At all times during the performance of the Services, all Persons performing such Services (including agents,
temporary employees, independent third parties and consultants) shall be construed as being independent from the MII Group, and such Persons shall not be considered or deemed to be employees of any member of the MII Group nor entitled to any
employee benefits of MII as a result of this Agreement. The responsibility of such Persons is to perform the Services in accordance with this Agreement and, as necessary, to advise the applicable member of the MII Group in connection therewith, and
such Persons shall not be responsible for decision-making on behalf of any member of the MII Group. Such Persons shall not be required to report to management of any member of the MII Group nor be deemed to be under the management or direction of
any member of the MII Group. McDermott acknowledges and agrees that, except as may be expressly set forth herein as a Service (including any Additional Services provided in accordance with Section 2.3 hereof) or otherwise expressly set forth in
the Master Separation Agreement or an Ancillary Agreement, no member of the B&W Group shall be obligated to provide, or cause to be provided, any service or goods to any member of the MII Group. 

 

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 (c) Notwithstanding anything to the contrary in this Agreement, B&W and
members of the B&W Group shall not be required to perform Services hereunder or take any actions relating thereto that conflict with or violate any applicable law, contract, license, authorization, certification or permit or B&W’s Code
of Business Conduct or other governance policies, as they may be amended from time to time. 
 Section
2.2    Service Coordinators. Each party will nominate in writing a representative to act as the primary contact with respect to the provision of the Services and the resolution of disputes under this Agreement (each such
person, a “Service Coordinator”). The initial Service Coordinators shall be Mr. Gary Brauchle (for McDermott) and Mr. Keith Robinson (for B&W) (or their designated delegates) for each of McDermott and B&W, respectively.
The Service Coordinators shall meet as expeditiously as possible to resolve any dispute hereunder; and any dispute that is not resolved by the Service Coordinators within 45 days shall be resolved in accordance with the dispute resolution procedures
set forth in Article V of the Master Separation Agreement. Each party hereto may treat an act of a Service Coordinator of the other party hereto which is consistent with the provisions of this Agreement as being authorized by such other party
without inquiring behind such act or ascertaining whether such Service Coordinator had authority to so act; provided, however, that no such Service Coordinator shall have authority to amend this Agreement. McDermott and B&W shall
advise each other promptly (in any case no more than three Business Days) in writing of any change in their respective Service Coordinators, setting forth the name of the replacement, and stating that the replacement Service Coordinator is
authorized to act for such party in accordance with this Section 2.2. 
 Section
2.3    Additional Services. McDermott may request additional Services (the “Additional Services”) from B&W by providing written notice. Upon the mutual written agreement as to the nature, cost, duration and
scope of such Additional Services, McDermott and B&W shall supplement in writing the Schedules hereto to include such Additional Services. Subject to the other limitations in this Agreement, including the provisions in Section 2.6, but
nothwithstanding the foregoing provisions of this Section 2.3, in addition to providing the Services specified in the Schedules, B&W, acting directly and/or through its Affiliates and their respective employees, agents, contractors or
independent third parties designated by any of them, shall use commercially reasonable efforts to provide or to cause to be provided additional, de minimis administrative support services to the MII Group as may be requested by any member of the MII
Group from time to time, at no cost beyond the amounts set forth in the Schedules (as the amounts set forth in the Schedules contemplate such additional, de minimis administrative support services); provided, however, that, for any such additional
services to be considered de minimis for purposes of this sentence, such additional services shall not require the attention of (i) any one employee of any member of the B&W Group for more than 2 hours in any single calendar month or
(ii) any group of employees of any one or more members of the B&W Group for more than 30 hours in any single calendar month. Except where the context otherwise indicates or requires, any such additional services referred to in the
immediately preceding sentence shall be deemed to be “Services” under this Agreement. 
 Section
2.4    Third Party Services. B&W shall have the right to hire third-party subcontractors to provide all or part of any Service hereunder; provided, that B&W shall consult in good faith with McDermott regarding the
proposed hiring of any third-party subcontractor that has not previously been involved in the activities relating to such Service prior to the date hereof; 
  

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provided, further, that, in the event such subcontracting is inconsistent with the practice applied by B&W generally from time to time within its own organization, B&W shall give notice
to McDermott of its intent to subcontract any portion of the Services and McDermott shall have 20 days (or such lesser period set forth in the notice as may be practicable in the event of exigent circumstances) to determine, in its sole discretion,
whether to permit such subcontracting or whether to cancel such Service in accordance with Article VI hereof. If McDermott opts to cancel a Service pursuant to the immediately preceding sentence, it shall not be liable to B&W pursuant to
Section 6.1 for any costs or expenses B&W or any member of the B&W Group remains obligated to pay to the third-party subcontractor identified in the notice provided by B&W as described above. B&W shall not be required to give
notice of its intent to subcontract Services to any party listed on Exhibit 2.4 hereto, nor shall McDermott have any right to cancel any Service subcontracted to any such listed party pursuant to this Section 2.4 (provided, that this sentence
shall not prevent McDermott from cancelling any Service pursuant to Section 6.1). 
 Section
2.5    Standard of Performance; Limitation of Liability. 
 (a) The Services to be
provided hereunder shall be performed with the same general degree of care, at the same general level and at the same general degree of accuracy and responsiveness, as when performed within the McDermott organization (including, for this purpose,
B&W and its subsidiaries) prior to the date of this Agreement. It is understood and agreed that B&W and the members of the B&W Group are not professional providers of the types of services included in the Services and that B&W
personnel performing Services have other responsibilities and will not be dedicated full-time to performing Services hereunder. 

(b) In the event B&W or any member of the B&W Group fails to provide, or cause to be provided, the Services in
accordance with the standard of service set forth in Section 2.5(a) or Section 2.5(c), the sole and exclusive remedy of McDermott shall be, at McDermott’s sole discretion, within 90 days from the date that B&W or such member of
the B&W Group first fails to provide such Service, to not pay for such Service; provided that in the event B&W defaults in the manner described in clause (ii) of Section 7.1, McDermott shall have the further rights set forth
in Article VII. 
 (c) EXCEPT AS EXPRESSLY SET FORTH IN THIS SECTION 2.5, NO REPRESENTATIONS OR WARRANTIES
OF ANY KIND, EXPRESSED OR IMPLIED (INCLUDING THE WARRANTIES OF NON-INFRINGEMENT, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR CONFORMITY TO ANY REPRESENTATION OR DESCRIPTION), ARE MADE BY B&W OR ANY MEMBER OF THE B&W GROUP WITH
RESPECT TO THE SERVICES UNDER THIS AGREEMENT AND, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ALL SUCH REPRESENTATIONS OR WARRANTIES ARE HEREBY WAIVED AND DISCLAIMED. MCDERMOTT (ON ITS OWN BEHALF AND ON BEHALF OF EACH OTHER MEMBER OF THE MII
GROUP) HEREBY EXPRESSLY WAIVES ANY RIGHT MCDERMOTT OR ANY MEMBER OF THE MII GROUP MAY OTHERWISE HAVE FOR ANY LOSSES, TO ENFORCE SPECIFIC PERFORMANCE OR TO PURSUE ANY OTHER REMEDY AVAILABLE IN CONTRACT, AT LAW OR IN EQUITY IN THE EVENT OF ANY
NON-PERFORMANCE, INADEQUATE PERFORMANCE, FAULTY PERFORMANCE OR OTHER FAILURE OR BREACH BY B&W OR ANY MEMBER OF THE B&W GROUP 

 

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UNDER OR RELATING TO THIS AGREEMENT, NOTWITHSTANDING THE NEGLIGENCE OR GROSS NEGLIGENCE (WHETHER SOLE, JOINT OR CONCURRENT OR ACTIVE OR PASSIVE) OF B&W OR ANY MEMBER OF THE B&W GROUP OR
ANY THIRD PARTY SERVICE PROVIDER AND WHETHER DAMAGES ARE ASSERTED IN CONTRACT OR TORT, UNDER FEDERAL, STATE OR NON U.S. LAWS OR OTHER STATUTE OR OTHERWISE; PROVIDED, HOWEVER, THAT THE FOREGOING WAIVER SHALL NOT EXTEND TO COVER, AND B&W SHALL BE
RESPONSIBLE FOR, SUCH LOSSES CAUSED BY THE WILLFUL MISCONDUCT OF B&W OR ANY MEMBER OF THE B&W GROUP. NOTWITHSTANDING ANYTHING IN THIS AGREEMENT TO THE CONTRARY, IN NO EVENT SHALL THE B&W GROUP BE LIABLE TO THE MII GROUP WITH RESPECT TO
CLAIMS ARISING OUT OF THIS AGREEMENT FOR AMOUNTS IN THE AGGREGATE EXCEEDING THE AGGREGATE SERVICE CHARGES PAID HEREUNDER BY THE MII GROUP. 

Section 2.6    Service Boundaries and Scope. Except as provided in a Schedule for a specific
Service: (a) B&W shall be required to provide, or cause to be provided, the Services only at (i) the locations such Services are being provided by any member of the B&W Group for any member of the MII Group immediately prior to the
Distribution Date and (ii) the corporate headquarters of B&W in Charlotte, North Carolina; provided, however, that, to the extent any such Service is to be provided by an employee of B&W who works in the corporate headquarters of
B&W, such Service shall, to the extent feasible, only be provided by such employee from the corporate headquarters of B&W; and (b) the Services shall be available only for purposes of conducting the business of the MII Group
substantially in the manner it was conducted immediately prior to the Distribution Date. Except as provided in a Schedule for a specific Service, in providing, or causing to be provided, the Services, B&W shall not be obligated to:
(i) maintain the employment of any specific employee or hire additional employees or third-party service providers; (ii) purchase, lease or license any additional equipment (including computer equipment, furniture, furnishings, fixtures,
machinery, vehicles, tools and other tangible personal property), software or other assets, rights or properties; (iii) make modifications to its existing systems or software; (iv) provide any member of the MII Group with access to any
systems or software other than those to which it has authorized access immediately prior to the Distribution Date; or (v) pay any costs related to the transfer or conversion of data of any member of the MII Group. McDermott acknowledges (on its
own behalf and on behalf of the other members of the MII Group) that the employees of B&W or any other members of the B&W Group who may be assisting in the provision of Services hereunder are at-will employees and, as such, may terminate or
be terminated from employment with B&W or any of the other members of the B&W Group providing Services hereunder at any time for any reason. In no event shall B&W or any of its Affiliates or any of their respective employees or agents be
required to perform any Services or take any other actions hereunder that conflict with any applicable Law. For the avoidance of doubt and except as may hereafter be designated as Additional Services in accordance with Section 2.3, the Services
do not include any services required for or as the result of any business acquisitions, divestitures, start-ups or terminations by the MII Group. To the extent McDermott desires B&W to provide any services in connection with any such
acquisitions, divestitures, start-ups or terminations, McDermott shall follow the procedures for requesting Additional Services pursuant to Section 2.3. 
  

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 Section 2.7    Cooperation. McDermott and B&W
shall cooperate with one another and provide such further assistance as the other party may reasonably request in connection with the provision of Services hereunder. 

Section 2.8    Transitional Nature of Services; Changes. Subject to Sections 2.3 and 2.5, the
parties acknowledge the transitional nature of the Services and that B&W may make changes from time to time in the manner of performing the Services. 

Section 2.9    Access. During the term of this Agreement and for so long as any Services are
being provided to McDermott by B&W, McDermott will provide B&W and its authorized representatives reasonable access, during regular business hours upon reasonable notice, to McDermott and its employees, representatives, facilities and books
and records as B&W and its representatives may reasonably require in order to perform such Services. 
 ARTICLE III

 SERVICE CHARGES 

Section 3.1    Compensation. Subject to the specific terms of this Agreement, the compensation
to be received by B&W for each Service provided hereunder will be the fees set forth on the Schedule relating to the particular Service, subject to any escalation provided for on such Schedule. In consideration for the provision of a Service,
each member of the MII Group receiving such Service shall pay to B&W or, at the election of B&W, the member of the B&W Group providing such Service, the applicable fee for such Service as set forth on the attached Schedules. 

ARTICLE IV 

PAYMENT 

Section 4.1    Payment. Except as otherwise provided in a Schedule for a specific Service,
charges for Services shall be invoiced monthly by B&W or, at its option, the member of the B&W Group providing the Service. Except as otherwise provided in a Schedule for a specific Service, McDermott shall make the corresponding payment no
later than 60 days after receipt of the invoice. Unless otherwise provided in this Agreement, McDermott shall remit funds in payment of invoices provided hereunder either by wire transfer or ACH (Automated Clearing House) in accordance with the
payment instructions set forth in Schedule 4.1. Each invoice shall be directed to the MII Service Coordinator or such other person designated in writing from time to time by such Service Coordinator. The invoice shall set forth in reasonable detail
the Services rendered and the invoice amount for the Services rendered for the period covered by such invoice. Interest will accrue on any unpaid amounts at ten percent (10%) per annum (compounded monthly) or, if less, the maximum non-usurious
rate of interest permitted by applicable law, until such amounts, together with all accrued and unpaid interest thereon, are paid in full. All timely payments under this Agreement shall be made without early payment discount. Any preexisting
obligation to make payment for Services provided hereunder shall survive the termination of this Agreement. If B&W incurs any reasonable out-of-pocket expenses (including any incremental license fees incurred by B&W in connection with
performance of the Services and any travel expenses incurred at the request or with the consent of McDermott) or remits funds to a third-party on behalf of McDermott, in either case in 

 

 6 

 
connection with the rendering of Services, then B&W shall include such amount on its monthly invoice to McDermott, with reasonable supporting documentation, and McDermott shall reimburse that
amount to B&W pursuant to this Section 4.1 as part of its next monthly payment. 
 Section
4.2    Payment Disputes. McDermott may object to any amounts for any Service at any time before, at the time of, or after payment is made, provided such objection is made in writing to B&W within 120 days following the
date of the disputed invoice. McDermott shall timely pay the disputed items in full while resolution of the dispute is pending; provided, however, that B&W shall pay interest at a rate of five percent (5%) per annum (compounded monthly) on
any amounts it is required to return to McDermott upon resolution of the dispute. Payment of any amount shall not constitute approval thereof. The Service Coordinators shall meet as expeditiously as possible to resolve any dispute. Any dispute that
is not resolved by the Service Coordinators within 45 days shall be resolved in accordance with the dispute resolution and arbitration procedures set forth in Article V of the Master Separation Agreement. Neither party (or any member of its
respective Group) shall have a right of set-off against the other party (or any member of its respective Group) for billed amounts hereunder. Upon written request, B&W will provide to McDermott reasonable detail and support documentation to
permit McDermott to verify the accuracy of an invoice. 
 Section 4.3    Review of
Charges; Error Correction. B&W shall maintain accurate books and records (including invoices of third parties) related to the Services sufficient to calculate, and allow McDermott to verify, the amounts owed under this Agreement. From time
to time until 120 days following the termination of this Agreement, McDermott shall have the right to review, and B&W shall provide access to, such books and records to verify the accuracy of such amounts, provided that such reviews shall not
occur more frequently than once per calendar quarter. Each such review shall be conducted during normal business hours and in a manner that does not unreasonably interfere with the operations of B&W. If, as a result of any such review, McDermott
determines that it overpaid any amount to B&W, then McDermott may raise an objection pursuant to the provisions of Section 4.2. McDermott shall bear the cost and expense of any such review. B&W shall make adjustments to charges as
required to reflect the discovery of errors or omissions in charges. 
 Section
4.4    Taxes. All transfer taxes, excises, fees or other charges (including value added, sales, use or receipts taxes, but not including a tax on or measured by the income, net or gross revenues, business activity or
capital of a member of the B&W Group), or any increase therein, now or hereafter imposed directly or indirectly by law upon any fees paid hereunder for Services, which a member of the B&W Group is required to pay or incur in connection with
the provision of Services hereunder (“Tax”), shall be passed on to McDermott as an explicit surcharge and shall be paid by McDermott in addition to any Service fee payment, whether included in the applicable Service fee payment, or added
retroactively. If McDermott submits to B&W a timely and valid resale or other exemption certificate acceptable to B&W and sufficient to support the exemption from Tax, then such Tax will not be added to the Service fee payable pursuant to
Article III; provided, however, that if a member of the B&W Group is ever required to pay such Tax, McDermott will promptly reimburse B&W for such Tax, including any interest, penalties and attorney’s fees related thereto. The parties
will cooperate to minimize the imposition of any Taxes. 
  

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 Section 4.5    Records. B&W shall maintain
true and correct records of all receipts, invoices, reports and such other documents relating to the Services hereunder in accordance with its standard accounting practices and procedures, consistently applied. B&W shall retain such accounting
records and make them available to McDermott’s authorized representatives and auditors for a period of not less than one year from the close of each fiscal year of B&W; provided, however, that B&W may, at its option, transfer such
accounting records to McDermott upon termination of this Agreement. 
 ARTICLE V 

TERM 

Section 5.1    Term. Subject to Articles VI and VII, the B&W Group shall provide the
specific Services to the MII Group pursuant to this Agreement for the time period set forth on the Schedule relating to the specific Service. In accordance with the Master Separation Agreement and Article VI of this Agreement, except as otherwise
provided in a Schedule for a specific Service, McDermott shall undertake to provide to itself and members of the MII Group, and to terminate as soon as reasonably practicable, the Services provided to the MII Group hereunder. Except as otherwise
provided in a Schedule for a specific Service or group of related Services, all Services provided for hereunder shall terminate on March 31, 2011. Except as otherwise expressly agreed or unless sooner terminated, this Agreement shall commence
upon the Distribution Date and shall continue in full force and effect between the parties for so long as any Service set forth in any Schedule hereto is being provided to McDermott or members of the MII Group and this Agreement shall terminate upon
the cessation of all Services provided hereunder; provided that Articles I, IV, VIII, IX and XI and Section 2.5(c) will survive the termination of this Agreement and any such termination shall not affect any obligation for the payment of
Services rendered prior to termination. 
 ARTICLE VI 

DISCONTINUATION OF SERVICES 

Section 6.1    Discontinuation of Services. Unless otherwise provided in the relevant Schedule
for a particular Service, at any time after the Distribution Date, McDermott may, without cause and in accordance with the terms and conditions hereunder and the Master Separation Agreement, request the discontinuation of one or more specific
Services by giving B&W at least 30 days’ prior written notice; provided, however, that any such discontinuation will not affect the amounts payable to B&W hereunder unless (and then only to the extent that) the charges for the
discontinued Services have been separately identified in the applicable Schedule. McDermott shall be liable to B&W for all costs and expenses B&W or any member of the B&W Group remains obligated to pay in connection with any discontinued
Service or Services, except in the case of a Service terminated by McDermott pursuant to clause (ii) of the first sentence of Section 7.1 hereof. The parties shall cooperate as reasonably required to effectuate an orderly and systematic
transfer to the MII Group of all of the duties and obligations previously performed by B&W or a member of the B&W Group under this Agreement. 

Section 6.2    Procedures Upon Discontinuation or Termination of Services. Upon the
discontinuation or termination of a Service hereunder, this Agreement shall be of no further force and effect with respect to such Service, except as otherwise provided in a Schedule for a specific 

 

 8 

 
Service and except as to obligations accrued prior to the date of discontinuation or termination; provided, however, that Articles I, IV, VIII, IX and XI and Section 2.5(c) of this
Agreement shall survive such discontinuation or termination. Each party and the applicable member(s) of its respective Group shall, within 60 days after discontinuation or termination of a Service, deliver to the other party and the applicable
member(s) of its respective Group originals of all books, records, contracts, receipts for deposits and all other papers or documents in its possession which pertain exclusively to the business of the other party and relate to such Service; provided
that a party may retain copies of material provided to the other party pursuant to this Section 6.2 as it deems necessary or appropriate in connection with its financial reporting obligations or internal control practices and policies.

 ARTICLE VII 

DEFAULT 

Section 7.1    Termination for Default. In the event (i) of a failure of McDermott to pay
for Services in accordance with the terms of this Agreement, or (ii) any party shall default, in any material respect, in the due performance or observance by it of any of the other terms, covenants or agreements contained in this Agreement,
then (1) if the non-defaulting party is B&W, B&W shall have the right, at its sole discretion, to immediately terminate the Service with respect to which the default occurred, and (2) if the non-defaulting party is McDermott,
McDermott shall have the right, at its sole discretion, to immediately terminate the Service with respect to which the default occurred, in either case if the defaulting party has failed to cure the default within 30 days of receipt of the written
notice of such default. McDermott’s right to terminate this Agreement pursuant to this Article VII and the rights set forth in Section 2.5 shall constitute McDermott’s sole and exclusive rights and remedies for a breach by B&W
hereunder (including any breach caused by an Affiliate of B&W or other third party providing a Service hereunder). 
 ARTICLE
VIII 
 INDEMNIFICATION AND WAIVER 

Section 8.1    Waiver of Consequential Damages. NEITHER PARTY SHALL BE LIABLE TO THE OTHER
PARTY UNDER THIS AGREEMENT FOR ANY EXEMPLARY, PUNITIVE, SPECIAL, INDIRECT, CONSEQUENTIAL, REMOTE OR SPECULATIVE DAMAGES (INCLUDING IN RESPECT OF LOST PROFITS OR REVENUES), HOWEVER CAUSED AND ON ANY THEORY OF LIABILITY (INCLUDING NEGLIGENCE OR GROSS
NEGLIGENCE) ARISING IN ANY WAY OUT OF THIS AGREEMENT, WHETHER OR NOT SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES; PROVIDED, HOWEVER, THAT THE FOREGOING LIMITATIONS SHALL NOT LIMIT EACH PARTY’S INDEMNIFICATION OBLIGATIONS FOR
LIABILITIES TO THIRD PARTIES AS SET FORTH IN THIS AGREEMENT, THE MASTER SEPARATION AGREEMENT OR ANY ANCILLARY AGREEMENT. 

Section 8.2    Services Received. McDermott hereby acknowledges and agrees that: 

(a) the Services to be provided hereunder are subject to and limited by the provisions of
Section 2.5, Article VII and the other provisions hereof, including the limitation of remedies available to McDermott that restricts available remedies resulting from a Service not 

 

 9 

 
provided in accordance with the terms hereof to non-payment and, in certain limited circumstances, the right to terminate this Agreement; 

(b) the Services are being provided solely to facilitate the transition of McDermott as a separate company
as a result of the Distribution, and B&W and its Affiliates do not provide any such Services to non-Affiliates; 

(c) it is not the intent of B&W and the other members of the B&W Group to render, nor of McDermott
and the other members of the MII Group to receive from B&W and the other members of the B&W Group, professional advice or opinions, whether with regard to tax, legal, treasury, finance, employment or other business and financial matters, or
technical advice, whether with regard to information technology or other matters; McDermott shall not rely on, or construe, any Service rendered by or on behalf of B&W as such professional advice or opinions or technical advice; and McDermott
shall seek all third-party professional advice and opinions or technical advice as it may desire or need, and in any event McDermott shall be responsible for and assume all risks associated with the Services, except to the limited extent set forth
in Section 2.5 and Article VII; 
 (d) with respect to any software or documentation within
the Services, McDermott shall use such software and documentation internally and for their intended purpose only, shall not distribute, publish, transfer, sublicense or in any manner make such software or documentation available to other
organizations or persons, and shall not act as a service bureau or consultant in connection with such software; and 

(e) a material inducement to B&W’s agreement to provide the Services is the limitation of
liability and the release provided by McDermott in this Agreement. 
 ACCORDINGLY, EXCEPT WITH
REGARD TO THE LIMITED REMEDIES EXPRESSLY SET FORTH HEREIN, MCDERMOTT SHALL ASSUME ALL LIABILITY FOR AND SHALL FURTHER RELEASE, DEFEND, INDEMNIFY AND HOLD B&W, ANY MEMBER OF THE B&W GROUP AND THEIR RESPECTIVE EMPLOYEES, OFFICERS, DIRECTORS
AND AGENTS (ALL AS INDEMNIFIED PARTIES) FREE AND HARMLESS FROM AND AGAINST ALL LOSSES RESULTING FROM, ARISING OUT OF OR RELATED TO THE SERVICES, HOWSOEVER ARISING AND WHETHER OR NOT CAUSED BY THE NEGLIGENCE OR GROSS NEGLIGENCE OF B&W, ANY MEMBER
OF THE B&W GROUP OR ANY THIRD PARTY SERVICE PROVIDER, OTHER THAN THOSE LOSSES CAUSED BY THE WILLFUL MISCONDUCT OF B&W OR ANY MEMBER OF THE B&W GROUP. 

Section 8.3    Express Negligence. THE INDEMNITY, RELEASES AND LIMITATIONS OF
LIABILITY IN THIS AGREEMENT (INCLUDING ARTICLES II AND VIII) ARE INTENDED TO BE ENFORCEABLE AGAINST THE PARTIES IN ACCORDANCE WITH THE EXPRESS TERMS AND SCOPE THEREOF NOTWITHSTANDING ANY EXPRESS NEGLIGENCE RULE OR ANY SIMILAR DIRECTIVE THAT WOULD
PROHIBIT OR OTHERWISE LIMIT INDEMNITIES BECAUSE OF THE NEGLIGENCE OR GROSS NEGLIGENCE (WHETHER SOLE, 
  

 10 

 
JOINT OR CONCURRENT OR ACTIVE OR PASSIVE) OR OTHER FAULT OR STRICT LIABILITY OF ANY OF THE INDEMNIFIED PARTIES. 

ARTICLE IX 

CONFIDENTIALITY 

Section 9.1    Confidentiality. B&W and McDermott each acknowledge and agree that the
terms of Section 6.9 of the Master Separation Agreement shall apply to information, documents, plans and other data made available or disclosed by one party to the other in connection with this Agreement. B&W and McDermott each acknowledge
and agree that any third party Information (to the extent such Information does not constitute B&W Books and Records) provided by any member of the MII Group to any member of the B&W Group after the Distribution Date in connection with the
provision of the Services by any member of the B&W Group, or generated, maintained or held in connection with the provision of the Services by any member of the B&W Group after the Distribution Date, in each case that primarily relates to
the MII Business, the MII Assets, or the MII Liabilities, shall not be considered Privileged Information of B&W or Confidential Information of B&W. 

Section 9.2     System Security. 

(a) If any party hereto is given access to the other party’s computer systems or software (collectively, the
“Systems”) in connection with the Services, the party given access (the “Availed Party”) shall comply with all of the other party’s system security policies, procedures and requirements that have been provided to the Availed
Party in advance and in writing (collectively, “Security Regulations”), and shall not tamper with, compromise or circumvent any security or audit measures employed by such other party. The Availed Party shall access and use only those
Systems of the other party for which it has been granted the right to access and use. 
 (b) Each party hereto
shall use commercially reasonable efforts to ensure that only those of its personnel who are specifically authorized to have access to the Systems of the other party gain such access, and use commercially reasonable efforts to prevent unauthorized
access, use, destruction, alteration or loss of information contained therein, including notifying its personnel of the restrictions set forth in this Agreement and of the Security Regulations. 

(c) If, at any time, the Availed Party determines that any of its personnel has sought to circumvent, or has
circumvented, the Security Regulations, that any unauthorized Availed Party personnel has accessed the Systems, or that any of its personnel has engaged in activities that may lead to the unauthorized access, use, destruction, alteration or loss of
data, information or software of the other party hereto, the Availed Party shall promptly terminate any such person’s access to the Systems and immediately notify the other party hereto. In addition, such other party hereto shall have the right
to deny personnel of the Availed Party access to its Systems upon notice to the Availed Party in the event that the other party hereto reasonably believes that such personnel have engaged in any of the activities set forth above in this
Section 9.2(c) or otherwise pose a security concern. The Availed Party shall use commercially reasonable efforts to cooperate with the other party hereto in investigating any apparent unauthorized access to such other party’s Systems.

  

 11 

 ARTICLE X 

FORCE MAJEURE 

Section 10.1    Performance Excused. Continued performance of a Service may be suspended
immediately to the extent caused by any event or condition beyond the reasonable control of the party suspending such performance (and not involving any willful misconduct of such party), including acts of God, pandemics, floods, fire, earthquakes,
labor or trade disturbances, strikes, war, acts of terrorism, civil commotion, electrical shortages or blackouts, breakdown or injury to computing facilities, compliance in good faith with any Law (whether or not it later proves to be invalid),
unavailability of materials or bad weather (a “Force Majeure Event”). McDermott shall not be obligated to pay any amount for Services that it does not receive as a result of a Force Majeure Event (and the parties hereto shall negotiate
reasonably to determine the amount applicable to such Services not received). In addition to the reduction of any amounts owed by McDermott hereunder, during the occurrence of a Force Majeure Event, to the extent the provision of any Service has
been disrupted or reduced, during such disruption or reduction, (a) McDermott may replace any such affected Service by providing any such Service for itself or engaging one or more third parties to provide such Service at the expense of
McDermott and (b) B&W shall cooperate with, provide such information to and take such other actions as may be reasonably required to assist such third parties to provide such substitute Service. 

Section 10.2    Notice. The party claiming suspension due to a Force Majeure Event will give
prompt notice to the other of the occurrence of the Force Majeure Event giving rise to the suspension and of its nature and anticipated duration. 

Section 10.3    Cooperation. Upon the occurrence of a Force Majeure Event, the parties shall
cooperate with each other to find alternative means and methods for the provision of the suspended Service. 
 ARTICLE XI

 MISCELLANEOUS 

Section 11.1    Entire Agreement. This Agreement, together with the documents referenced
herein (including the Master Separation Agreement), constitutes the entire agreement and understanding between the parties hereto with respect to the subject matter hereof and supersedes all prior written and oral and all contemporaneous oral
agreements and understandings with respect to the subject matter hereof. To the extent any provision of this Agreement conflicts with the provisions of the Master Separation Agreement, the provisions of this Agreement shall be deemed to control with
respect to the subject matter hereof. 
 Section 11.2    Binding Effect; No Third-Party
Beneficiaries; Assignment. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns; and nothing in this Agreement, express or implied, is intended to confer upon
any other person or entity any rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement. This Agreement may not be assigned by either party hereto, except with the prior written consent of the other party hereto.

  

 12 

 Section 11.3    Amendment; Waivers. No change or
amendment may be made to this Agreement except by an instrument in writing signed on behalf of both of the parties hereto. Either party hereto may, at any time, (i) extend the time for the performance of any of the obligations or other acts of
the other, (ii) waive any inaccuracies in the representations and warranties of the other contained herein or in any document delivered pursuant hereto, and (iii) waive compliance by the other with any of the agreements, covenants or
conditions contained herein. Any such extension or waiver shall be valid only if set forth in an instrument in writing signed by the party to be bound thereby. No failure or delay on the part of either party hereto in the exercise of any right
hereunder shall impair such right or be construed to be a waiver of, or acquiescence in, any breach of any representation, warranty, covenant or agreement contained herein, nor shall any single or partial exercise of any such right preclude other or
further exercise thereof or of any other right. 
 Section 11.4    Notices. Unless
otherwise expressly provided herein, all notices, claims, certificates, requests, demands and other communications hereunder shall be in writing and shall be deemed to be duly given (i) when personally delivered or (ii) if mailed by
registered or certified mail, postage prepaid, return receipt requested, on the date the return receipt is executed or the letter is refused by the addressee or its agent or (iii) if sent by overnight courier which delivers only upon the signed
receipt of the addressee, on the date the receipt acknowledgment is executed or refused by the addressee or its agent or (iv) if sent by facsimile or electronic mail, on the date confirmation of transmission is received (provided that a copy of
any notice delivered pursuant to this clause (iv) shall also be sent pursuant to clause (i), (ii) or (iii)), addressed to the attention of the addressee’s General Counsel at the address of its principal executive office or to such
other address or facsimile number for a party hereto as it shall have specified by like notice. 
 Section
11.5    Counterparts. This Agreement, including the Schedules hereto and the other documents referred to herein, may be executed in multiple counterparts, each of which when executed shall be deemed to be an original but
all of which together shall constitute one and the same agreement. 
 Section
11.6    Severability. If any term or other provision of this Agreement or the Schedules attached hereto is determined by a nonappealable decision by a court, administrative agency or arbitrator to be invalid, illegal or
incapable of being enforced by any rule of law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated
hereby is not affected in any manner materially adverse to either party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the court, administrative agency or arbitrator shall
interpret this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled to the fullest extent possible. If any sentence in this
Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as is enforceable. 

Section 11.7    Governing Law. This Agreement shall be governed by, and construed and enforced
in accordance with, the substantive laws of the State of Texas, without regard to any conflicts of law provisions thereof that would result in the application of the laws of any other jurisdiction. 

 

 13 

 Section 11.8    Performance. Each party hereto
shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth herein to be performed by any Subsidiary or Affiliate of such party. 

Section 11.9    Relationship of Parties. This Agreement does not create a fiduciary
relationship, partnership, joint venture or relationship of trust or agency between the parties. The parties hereto agree that B&W (and any other member of the B&W Group which performs Services hereunder) is an independent contractor in the
performance of Services for the MII Group under this Agreement. 
 Section
11.10    Regulations. All employees of B&W and the members of the B&W Group shall, when on the property of McDermott, conform to the rules and regulations of McDermott concerning safety, health and security which
are made known to such employees in advance in writing. 
 Section
11.11    Construction. This Agreement shall be construed as if jointly drafted by the parties hereto and no rule of construction or strict interpretation shall be applied against either party. In this Agreement, unless the
context clearly indicates otherwise, words used in the singular include the plural and words used in the plural include the singular; and if a word or phrase is defined in this Agreement, its other grammatical forms, as used in this Agreement, shall
have a corresponding meaning. Whenever the context requires, the gender of all words used in this Agreement includes the masculine, feminine and the neuter. Unless the context otherwise requires, the words “include,” “includes”
and “including” shall be deemed to be followed by the words “without limitation,” and the word “or” shall have the inclusive meaning represented by the phrase “and/or.” The words “shall” and
“will” are used interchangeably in this Agreement and have the same meaning. Relative to the determination of any period of time hereunder, “from” means “from and including,” “to” means “to but
excluding” and “through” means “through and including.” All references herein to a specific time of day in this Agreement shall be based upon Central Standard Time or Central Daylight Savings Time, as applicable, on the date
in question. Whenever this Agreement refers to a number of days, such number shall refer to calendar days unless Business Days are specified. Any reference herein to any Article, Section or Schedule means such Article or Section of, or such Schedule
to, this Agreement, as the case may be, and references in any Section or definition to any clause means such clause of such Section or definition. As used in this Agreement, the words “this Agreement,” “herein,”
“hereunder,” “hereof,” “hereto” and words of similar import shall be deemed references to this Agreement as a whole and not to any particular Section or other provision of this Agreement. The titles to Articles and
headings of Sections contained in this Agreement, in any Schedule and in the table of contents to this Agreement have been inserted for convenience of reference only and shall not be deemed to be a part of or to affect the meaning or interpretation
of this Agreement. 
 Section 11.12    Effect if Separation does not Occur. If the
Distribution does not occur, then all actions and events that are, under this Agreement, to be taken or occur effective as of or following the Distribution Date, or otherwise in connection with the Distribution, shall not be taken or occur except to
the extent specifically agreed by the parties and neither party shall have any liability or further obligation to the other party under this Agreement. 

[Signature page follows.] 
  

 14 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first written above. 
  

			
	THE BABCOCK & WILCOX COMPANY
		
	By:	 	 
		 	Name:
		 	Title:
	
	MCDERMOTT INTERNATIONAL, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  

 15 

 Schedule A 

Tax Services 

Description of Services to be Provided: 

Services to be provided as part of Tax Transition Services: 
  

	(A)	 Assistance with 2009 and 2010 tax compliance for the following entities / jurisdictions: 

 

	 	a.	 J. Ray Holdings, Inc. & Subsidiaries as part of the Babcock & Wilcox U.S. consolidated return 

	 	b.	 J. Ray McDermott, Inc. – Louisiana 

	 	c.	 J. Ray McDermott, Inc. – Alabama 

	 	d.	 J. Ray McDermott, Inc. – Mississippi 

	 	e.	 J. Ray McDermott, Inc. – Texas 

	 	f.	 J. Ray McDermott, Inc. – Florida 

	 	g.	 Sabine River Realty, Inc. – Louisiana 

  

	(B)	 Assistance with the calculation of the domestic tax provision to be included in the Q2 2010 (and Q3 2010, if applicable) Form 10-Q for McDermott
International, Inc. 

  

	(C)	 Miscellaneous subject matter expertise on an as needed basis 

Service Fee: 
  

			
	 Amount:
	  	$8,861 per month
	 Currency:
	  	United States Dollars (USD)

 Termination Date:

 Services provided until all 2010 tax compliance is complete (not later than November 15, 2011). 

 

 1 

 Schedule B 

Accounting and Financial Reporting Services 

Areas of Service: 

Assistance in Preparation of Quarterly/Annual Filings and Shareholder Reports 

	 	o	 Assistance with preparation and filing of MII’s quarterly and annual SEC filings (10Q/10K), in accordance with the details specified on Annex A
hereto. 

	 	o	 Assistance with managing the accounting close and consolidations efforts. 

	 	o	 Assistance with monitoring and managing collection of footnotes and coordination of SEC filings on the Securities and Exchange Commission’s
EDGAR system (XBRL / R.R. Donnelly). 

	 	o	 Assistance with evaluating stock option volatility measures and required documentation. 

	 	o	 Provision of support in the accounting for equity and pension plans (FAS 123R stock expense, compensation, options, 10Q/10K disclosures, thrift
plan, APIC, stock compensation). 

	 	o	 Provision of support in the development of select. 

	 	o	 Assistance with performing various analyses during the quarterly and annual close processes to assist MII’s management with understanding
current results and the latest forecast, with variance explanations and with information for earnings calls with analysts and others. 

Additional Subject Matter Support 

	 	o	 Assistance with accounting for SERP and Excess plan. 

	 	o	 Assistance with healthcare & benefits accounting (including pensions). 

	 	o	 Assistance with equity accounting. 

	 	o	 Assistance with SGA expense analyses and reporting (Blue Book). 

	 	o	 Assistance with thrift plan funding. 

	 	o	 Assistance with sales and use tax compliance for pre-spin periods. 

Special Provisions: 
  

	 	o	 Formal training courses will be provided if required, subject to availability of qualified trainers at rates to be agreed (not included in Service
Fee below). 

	 	o	 Except as necessitated by completion of the Distribution, preparation of quarterly and annual financial statements and reporting will be consistent
with historical practice. 

  

 2 

 Service Fee: 
  

			
	 Amount:
	  	$13,858 per month
	 Currency:
	  	United States Dollars (USD)
	 Note:
	  	Service fee above does not include interim executive costs

Termination Date: 

Services provided up to one year from the Distribution Date. 

 

 3 

 Schedule C 

Corporate Secretary Services 

Areas of Service: 
  

	1.	 Provide general advice regarding securities and corporate governance matters. 

	2.	 Provide consulting and advisory assistance regarding fiscal year proxy statement (incl. compensation discussion & analysis).

 Special Provisions: 
  

	 	•	 	 Formal training courses to be provided if required subject to availability of qualified trainers at rates to be agreed (not included in Service Fee
below). 

	 	•	 	 Support limited to the business units and associated transactions and activities as of the Distribution Date. 

	 	•	 	 Preparation of annual proxies consistent with historical practice. 

Service Fee: 
  

			
	 Amount:
	  	$3,075 per month
	 Currency:
	  	United States Dollars (USD)

 Termination Date:

 Services provided up to 9 months from the Distribution Date. 

 

 4 

 Schedule D 

Legal Services 

Description of Services to be Provided: 

Services to be provided as part of Legal Transition Services: 
  

	 	(A)	 Qualified Plans Support 

	 	(B)	 Nonqualified Deferred Compensation Plans Support 

	 	(C)	 Employee Benefit Plan Committees Support 

	 	(D)	 Employment and Separation Agreement Support 

	 	(E)	 Bell v. J. Ray McDermott, Inc. Support 

	 	(F)	 2009 Form 5500 Support 

	 	(G)	 Annual EPL and FL insurance renewal 

	 	(H)	 HR Legal Support 

(A) Qualified Plans Support 

	 	o	 Assistance as reasonably requested for tax and legal compliance of qualified plans: 

	 	¡	 	 Plan design, amendment and drafting 

	 	¡	 	 Reporting and disclosure 

	 	¡	 	 QDRO and claims administration 

	 	¡	 	 Governmental agency filings 

	 	¡	 	 Plan interpretation 

	 	¡	 	 Acting as liaison with plan service providers 

(B) Nonqualified Deferred Compensation Plans Support 

	 	o	 Assistance as reasonably requested for tax and legal compliance of nonqualified deferred compensation programs: 

	 	¡	 	 Plan design, amendment and drafting 

	 	¡	 	 Code Section 409A issues 

	 	¡	 	 Code Section 457A issues 

	 	¡	 	 Reporting and disclosure 

(C) Employee Benefit Plan Committees Support 

	 	o	 Continue to serve as nonmember secretary to the following committees: 

	 	¡	 	 U.S. and TCN Retirement Plan Investment Committees 

	 	¡	 	 Thrift Plan Committee 

	 	¡	 	 TCN Retirement Plan Administrative Committee 

 

 5 

 (D) Employment and Separation Agreement Support 

	 	o	 Assistance as reasonably requested for: 

	 	•	 	 Design and drafting of employment agreements and separation agreements 

	 	•	 	 Administration of existing agreements 

	 	•	 	 Statutory and regulatory compliance 

(E) Bell v J. Ray McDermott, Inc. Support 

	 	o	 Assistance as reasonably requested for: 

	 	•	 	 Acting as liaison with outside counsel, company employees and witnesses 

	 	•	 	 Reviewing outside counsel bills 

	 	•	 	 Setting case strategy 

	 	•	 	 Reviewing pleadings and other court filings 

(F) 2009/2010 Form 5500 Support 

	 	o	 Oversight of preparation and filing of 2009 Form 5500 for MI/JRM employee benefit plans and final 2010 filings 

(G) EPL and FL Insurance Annual Renewal Support 

	 	o	 Assistance as reasonably requested for: 

	 	•	 	 Research and preparation of responses for renewal applications 

	 	•	 	 Compilation of supporting documentation 

	 	•	 	 Preparation of presentation materials for underwriters 

	 	•	 	 Responding to questions from underwriters and brokers 

(H) HR Legal Support 

	 	o	 Assistance as reasonably requested for: 

	 	•	 	 HR related statutory and regulatory compliance 

	 	•	 	 M&A due diligence 

Service Fee: 
  

			
	 Amount:
	  	$4,690 per month
	 Currency:
	  	United States Dollars (USD)

 Termination Date:

 Services provided up to nine months from the Distribution Date. 

 

 6 

 Schedule E 

Human Resources Services 

Description of Services to be Provided: 

Services to be provided as part of Human Resources Transition Services: 
  

	 	(A)	 Assistance with Payroll Management/Oversight and Processing Support 

	 	(B)	 Assistance with Stock Plan Administration 

(A) Assistance with Payroll Management/Oversight and Processing Support 

	 	o	 Provide the services of the Director, Americas Payroll Service Center for assistance with oversight of payroll processing

	 	o	 Assistance as reasonably requested for: 

	 	•	 	 Pay issue troubleshooting 

	 	•	 	 Special payment processing (bonus, vacation, pay advances) 

	 	•	 	 Garnishment processing 

	 	•	 	 Payroll tax filings and research 

	 	•	 	 Payroll processing back-up 

(B) Assistance with Stock Plan Administration 

	 	o	 Assist with administration of the long-term incentive and supplemental executive retirement programs, to include: 

	 	•	 	 Managing Schwab service delivery 

	 	•	 	 Resolving issues and responding to inquires from plan participants 

	 	•	 	 Compliance and external reporting 

	 	•	 	 Training new Stock Plan Administrator 

Service Fee: 
  

			
	 Amount:
	  	$5,754
	 Currency:
	  	US Dollars (USD)

 Termination Date:

 Services provided for up to six months from the Transaction Date. 

 

 7 

 Schedule F 

Risk Management Services 

Description of Services to be Provided: 

Miscellaneous advice and consulting as requested concerning: 
  

	 	1.	 Historic MII CIRM activities, documents and processes including, but not limited to, insurance coverages, captive operations and coverages, and RIMS
systems. 

  

	 	2.	 Risk identification, assessment, and treatment (including financing via transfer or captive). 

 

	 	3.	 Removal of B&W related rights and obligations from Boudin and Non-B&W obligations from Creole. 

 

	 	4.	 Support migration from current RMIS System to new RMIS system. 

 

	 	5.	 New employee training. 

Charges: 
 $1,148
per month for three months from the effective date hereof. After three months, charges to be agreed if any services still are being provided. 
  

 8 

 Schedule G 

Treasury Services 

Description of Services to be Provided: 

Services to be provided as part of Treasury Transition Services: 
  

	 	(A)	 Assistance with managing surety bonding and guarantees 

Each such service category is described below. 

(A) Assistance with managing Bonding and Guarantees 

	 	o	 Assistance with establishing lines with surety companies 

	 	o	 Assistance with managing issuance of and termination of surety bonds 

	 	o	 Assistance with managing issuance of and termination of all letters of credit 

	 	o	 Assistance with managing the issuance of parent company guarantees 

Service Fee 
  

			
	 Amount:
	  	$5,032 per month

 Termination Date

 Service provided up to nine months from the Distribution Date. 

 

 9 

 Schedule H 

Sharepoint 

Description of Services to be Provided: 

Support services described in this schedule are those required to support the Sharepoint site that has been created for collaboration and
sharing of documentation between the records management personnel of McDermott and B&W (the “Sharepoint Site”). The Sharepoint Site will include information such as detailed inventory lists of records forwarded to B&W and a log
documenting when such information was forwarded. Records management personnel from McDermott and B&W may load new documents as well as modify and edit documents already loaded on the Sharepoint Site. B&W will routinely back-up the Sharepoint
Site, consistent with B&W’s back-up procedures for its other sites and applications of a similar nature, and provide a complete electronic copy of the Sharepoint Site to McDermott at the end of the Sharepoint Transition Period. 

Service Fee: 

Amount: 50% of all customary costs associated with maintaining the Sharepoint Site. 

Currency: US Dollars (USD). 

Termination Date: 

B&W will provide the Services for twenty-four (24) months from the Distribution Date, and such period may be extended by an additional
six (6) months at the request of either B&W or McDermott (“Sharepoint Transition Period”). 
  

 10 

 Schedule I 

Disaster Recovery 

Description of Services to be Provided: 

Support services described in this schedule are those required to provide disaster recovery for McDermott’s data center in Houston
(the “Houston Data Center”) during the Disaster Recovery Transition Period. In the event of an extended interruption in service to the Houston Data Center, B&W will provide the following services to McDermott from B&W’s
PGG Barberton data center: 
  

	 	•	 	 receiving and storage of backup tapes; 

  

	 	•	 	 adequate data center floor space for two standard equipment racks; 

 

	 	•	 	 six 30-Amp power feeds; 

  

	 	•	 	 work space for up to six McDermott IT personnel; 

  

	 	•	 	 landline telephone equipment/service and external internet access; and 

 

	 	•	 	 infrastructure support from B&W IT personnel as reasonably required to establish and make operational the McDermott recovery team in the PGG
Barberton data center. 

 Such services are collectively referred to herein as the “Extended
Interruption Services.” A period of Extended Interruption Services remains in effect until McDermott removes from B&W’s PGG Barberton data center all equipment installed in response to the Houston Data Center service disruption.

 In the event McDermott anticipates a disruption in service to the Houston Data Center due to hurricane or other foreseeable
event, B&W will provide the following services to McDermott from B&W’s PGG Barberton data center: 
  

	 	•	 	 receiving and storage of back up tapes; and 

  

	 	•	 	 work space for up to two McDermott IT personnel. 

Such services are collectively referred to herein as the “Foreseeable Interruption Services.” A period of Foreseeable
Interruption Services remains in effect until McDermott removes from B&W’s PGG Barberton data center all equipment installed in response to the Houston Data Center service disruption. 

Service Fee: 

Amount: 
  

	 	•	 	 $2,100 per month for those months in which the Extended Interruption Services are provided. 

 

	 	•	 	 $1,000 per month for those months in which the Foreseeable Interruption Services are provided. If Extended Interruption Services are subsequently
provided, those charges would also apply. 

 Currency: US Dollars (USD). 

 

 11 

 Termination Date: 

B&W will provide the option for McDermott to utilize the Extended Interruption Services and Foreseeable Interruption Services from the
Distribution Date until December 1, 2010, unless earlier terminated upon thirty (30) days’ prior written notice provided to B&W by McDermott (“Disaster Recovery Transition Period”). 

 

 12 

 Schedule 2.4 

Certain Subcontractors 

None. 
  

 13 

 Schedule 4.1 

Payment Instructions 

Until further notice, the following are wire transfer/ACH payment instructions for payment to B&W for amounts owing under this
Agreement: 
 The Babcock & Wilcox Company 
  

			
	 Bank Name:
	  	JP Morgan Chase Bank New York
	 Bank ABA #:
	  	021000021
	 Account Name:
	  	The Babcock & Wilcox Company
	 Account Number:
	  	304607029

  

 14Assumption and Loss Allocation Agreement

 Exhibit 10.5 

EXECUTION VERSION 

ASSUMPTION AND LOSS ALLOCATION AGREEMENT 

by and among 

ACE American Insurance Company, 

acting for itself and the ACE Affiliates (as defined below) 

and 
 MCDERMOTT
INTERNATIONAL, INC., 
 a Panamanian corporation 

and 

BABCOCK & WILCOX HOLDINGS, INC., 

a corporation organized and existing under the laws of the State of Delaware 

RECITALS 

THIS ASSUMPTION AND LOSS ALLOCATION AGREEMENT (the “Agreement”), is entered into and effective as
of May 18, 2010 (the “Effective Date”) by and among ACE AMERICAN INSURANCE COMPANY, individually and acting for the ACE Affiliates (in such capacities, the “Company”), MCDERMOTT INTERNATIONAL, INC., a
Panamanian corporation (“MII”), BABCOCK & WILCOX HOLDINGS, INC., a Delaware corporation (“B&W”), to be succeeded by The Babcock & Wilcox Company, a Delaware corporation, after the effective
time of the Merger, and, solely with respect to Sections 2, 3 and 5(c), the other MII Entities signatory hereto and the other B&W Entities signatory hereto. 

WHEREAS, the Company and/or the ACE Affiliates have issued the Existing Policies to one or more MII Entities and
one or more B&W Entities; and 
 WHEREAS, in connection with the Existing Policies, the Company, the
ACE Affiliates, one or more MII Entities, and/or one or more B&W Entities entered into various Existing Insurance Agreements; and 

WHEREAS, pursuant to the Existing Policies and the Existing Insurance Agreements, the MII Entities and the B&W
Entities are obligated, among other things, to pay or reimburse the Company and/or the ACE Affiliates for certain Obligations, which Obligations are secured by the Existing Collateral; and 

WHEREAS, B&W, prior to the Separation, is a wholly owned Subsidiary of MII; and 

WHEREAS, MII intends to spin-off B&W from MII through a dividend of common stock of B&W to the
shareholders of MII (the “Separation”); and 
 WHEREAS, in connection with the
Separation: (a) the MII Entities desire to transfer and the B&W Entities desire to assume any B&W Obligations that were incurred by, or with respect to which there exists any obligation of, an MII Entity, whether such B&W
Obligations were existing, accruing or arising before, on or after the Effective Date; and (b) the B&W Entities desire to transfer and the MII Entities desire to assume any MII Obligations that were incurred by, or with respect to which
there exists any obligation of, a B&W Entity, whether such MII Obligations were existing, accruing or arising before, on or after the Effective Date; and 

 WHEREAS, the Company, on its own behalf and on behalf of the ACE
Affiliates, is willing to consent to the transfer and assumption of the Obligations as set forth herein, subject to the terms and conditions of this Agreement; 

NOW, THEREFORE, in consideration of the mutual promises set out herein and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, including a one-time administrative fee of $25,000 (the “Fee”), and intending to be legally bound, the Parties agree as follows: 

1. Definitions. The following terms used herein, including in the recitals and Exhibits hereto, shall have
the following meanings: 
 “ACE Affiliate” means each Affiliate of ACE American
Insurance Company that is listed on Exhibit V attached hereto and made a part hereof that has issued an Existing Policy or is party to an Existing Insurance Agreement. 

“Affiliate” means, with respect to any specified Person, any other Person that directly,
or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, the specified Person. For this purpose “control” of a Person means the possession, directly or indirectly, of the power to
direct or cause the direction of the management or policies of such Person, whether through ownership of voting securities, by contract or otherwise. 

“Agreement” has the meaning set forth in the recitals to this Agreement. 

“Assumption Time” means midnight (New York time) on the Effective Date. 

“B&W” has the meaning set forth in the recitals to this Agreement. 

“B&W Assumed Obligations” has the meaning set forth in Section 5(b). 

“B&W Assumption” has the meaning set forth in Section 2(a). 

“B&W Entity” means B&W and each of the entities listed on Exhibit I
attached hereto and made a part hereof. It is acknowledged and understood that, from and after the effectiveness of the Separation, the B&W Entities will not be Subsidiaries or Affiliates of MII or any of the other MII Entities. 

“B&W LOC” has the meaning set forth in Section 5(b). 

“B&W Obligations” means any Obligations of, or to the extent arising from the
operations, business, or property of, a B&W Entity for which any MII Entity is responsible under the terms of an Existing Policy or Existing Insurance Agreement, whether arising prior to, at or after the Effective Date. 

“B&W Retained Obligations” has the meaning set forth in Section 2(d).

 “Cash Collateral” has the meaning set forth in Section 7. 

“Company” has the meaning set forth in the recitals to this Agreement. 

“Company Designation” has the meaning set forth in Section 4(a). 

“Effective Date” has the meaning set forth in the recitals to this Agreement. 

“ESIS” means ESIS, Inc., an Affiliate of the Company. 

“Existing Collateral” means any and all of the following forms of security held by the
Company or any ACE Affiliate under the terms of any Existing Policy or Existing Insurance Agreement in order to secure any Obligations outstanding as of the date hereof: (i) any and all letters of credit outstanding as of the date hereof
provided by or required to be provided by a B&W Entity or a MII Entity; (ii) any and all Cash Collateral provided by or required to be provided by a B&W Entity or a MII Entity; (iii) any securities account pledged by a B&W
Entity or a MII Entity pursuant to any Existing Insurance Agreement; or (iv) any other collateral or security previously provided by a B&W Entity or a MII Entity under the terms of any Existing Policy or Existing Insurance Agreement in
order to secure any Obligations outstanding as of the date hereof. 
  

 2 

 “Existing ESIS Agreement” means any
agreement relating to claims or losses under one or more Existing Policies in which ESIS is in direct contractual privity with any MII Entity or any B&W Entity. 

“Existing Insurance Agreement” means any agreement entered into on or prior to the date
hereof by or on behalf of (or which is otherwise binding on) any B&W Entity and/or MII Entity with the Company or an ACE Affiliate in connection with an Existing Policy, including, without limitation, any high deductible agreement, any notice of
election, any collateral agreement, any agreement relating to any deductible or paid loss retrospectively rated insurance program, any agreement relating to deductibles under any of the Existing Policies, any letter or agreement relating to policy
dividends, any early close-out agreement relating to any Existing Policy or Existing Insurance Agreement and any agreement described on Exhibit II and Exhibit VI attached hereto and made a part hereof. 

“Existing Policy” means each policy of general liability insurance, automobile liability
insurance and workers compensation insurance (other than any insurance policy that is the subject of any reinsurance agreement) issued prior to the date hereof by the Company or an ACE Affiliate to a B&W Entity or a MII Entity, as applicable,
including those policies identified on Exhibit III and Exhibit VII attached hereto and made a part hereof. 

“Fee” has the meaning set forth in the recitals to this Agreement. 

“Foreign Insurance Agreements” means the Existing Insurance Agreements listed on
Exhibit VI attached hereto and made a part hereof and any other similar written agreements entered into between the Company or any of its Affiliates and a MII Entity or a B&W Entity in connection with or relating to insurance policies
issued to cover risks located primarily outside of the continental United States during the period from January 1, 1974 through May 7, 2010. 

“Foreign Policies” means the Existing Policies listed on Exhibit VII attached
hereto and made a part hereof and any other general liability insurance policy issued by the Company or any of its Affiliates to a MII Entity or a B&W Entity to cover risks located primarily outside of the continental United States during the
period from January 1, 1974 through May 7, 2010. 
 “Master Separation
Agreement” means a Master Separation Agreement to be entered into between MII and The Babcock & Wilcox Company in connection with the Separation. 

“Merger” means the merger, to occur after the date hereof, of Babcock & Wilcox
Holdings, Inc., a Delaware corporation, with and into The Babcock & Wilcox Company, a Delaware corporation and the surviving entity of such Merger. 

“MII” has the meaning set forth in the recitals to this Agreement. 

“MII Cash Collateral” has the meaning set forth in Section 5(a). 

“MII Assumed Obligations” has the meaning set forth in Section 5(a). 

“MII Assumption” has the meaning set forth in Section 2(c). 

“MII Entity” means MII and each of the entities listed on Exhibit IV attached
hereto and made a part hereof. It is acknowledged and understood that, from and after the effectiveness of the Separation, the MII Entities will not be Subsidiaries or Affiliates of B&W or any of the other B&W Entities. 

“MII LOC” has the meaning set forth in Section 5(a). 

“MII Obligations” means any Obligations of, or to the extent arising from the operations,
business, or property of, a MII Entity for which any B&W Entity is responsible under the terms of an Existing Policy or Existing Insurance Agreement, whether arising prior to, at or after the Effective Time. 

“MII Retained Obligations” has the meaning set forth in Section 2(b). 

“Obligations” means any and all amounts, duties, liabilities and obligations, whether
accrued, fixed or contingent, mature or inchoate, known or unknown, including deductibles and premium adjustments, payable by or to be performed by a MII Entity or a B&W Entity to the Company or any ACE Affiliate under the terms of any Existing
Policy or any Existing Insurance Agreement. 
  

 3 

 “Organizational Documents” means
(a) with respect to any corporation, its certificate or articles of incorporation or organization and its bylaws, (b) with respect to any limited partnership, its certificate of limited partnership and its partnership agreement,
(c) with respect to any general partnership, its partnership agreement, and (d) with respect to any limited liability company, its certificate or articles of formation or organization and its operating agreement or other organizational
documents. 
 “Parties” means the Company, MII and B&W, collectively (and
each individually is a “Party”). 
 “Person” means an individual, a
partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, a union, an unincorporated organization or a governmental entity or any department, agency or political subdivision thereof.

 “Separation” has the meaning set forth in the recitals to this Agreement.

 “Subsidiary” means, with respect to any specified Person, any corporation,
partnership, limited liability company, joint venture or other organization, whether incorporated or unincorporated, of which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a
majority of the board of directors or others performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such specified Person or by any one or more of its Subsidiaries, or by
such specified Person and one or more of its Subsidiaries. 
 “Substituted
Collateral” means (i) the MII LOC and the B&W LOC and (ii) any other collateral or security to be provided on or after the date hereof by a B&W Entity or a MII Entity under the terms of any Existing Policy or Existing
Insurance Agreement in order to secure any Obligations outstanding as of the date hereof. 
 2.
Assumption. 
 (a) B&W Assumption. Notwithstanding anything in any Existing
Insurance Agreement or Existing Policy to the contrary, each MII Entity that is a signatory hereto hereby transfers and assigns, and B&W does hereby assume, effective as of the Assumption Time, the B&W Obligations; and B&W hereby agrees
to observe, pay, perform, satisfy, fulfill and discharge any and all now existing and hereafter arising duties, terms, provisions, covenants, obligations and liabilities of any MII Entity under the Existing Policies and Existing Insurance Agreements
in respect of the B&W Obligations (the “B&W Assumption”). The Company, on its own behalf and on behalf of the ACE Affiliates, hereby consents to, and agrees to give full force and effect to, the B&W Assumption. From and
after the Assumption Time, the Company (and/or the applicable ACE Affiliate): (i) may enforce its rights under the Existing Policies and the Existing Insurance Agreements in respect of the B&W Obligations against B&W to the same extent
such Person could, prior to the B&W Assumption, enforce such rights against the applicable MII Entity and (ii) releases each MII Entity from its obligation to observe, pay, perform, satisfy, fulfill or discharge any such B&W
Obligations. 
 (b) MII Retained Obligations. MII hereby agrees to continue to observe,
pay, perform, satisfy, fulfill and discharge any and all of its now existing and hereafter arising Obligations (other than B&W Obligations) (the “MII Retained Obligations”) in accordance with the terms of this Agreement and the
applicable Existing Policy and Existing Insurance Agreement. 
 (c) MII Assumption.
Notwithstanding anything in any Existing Insurance Agreement or Existing Policy to the contrary, each B&W Entity that is a signatory hereto hereby transfers and assigns, and MII does hereby assume, effective as of the Assumption Time, the MII
Obligations; and MII hereby agrees to observe, pay, perform, satisfy, fulfill and discharge any and all now existing and hereafter arising duties, terms, provisions, covenants, obligations and liabilities of any B&W Entity under the Existing
Policies and Existing Insurance Agreements in respect of the MII Obligations (the “MII Assumption”). The Company, on its own behalf and on behalf of the ACE Affiliates, hereby consents to, and agrees to give full force and effect
to, the MII Assumption. From and after the Assumption Time, the Company (and/or the applicable ACE Affiliate): (i) may enforce its rights under the Existing Policies and the Existing Insurance Agreements

  

 4 

 
in respect of the MII Obligations against MII to the same extent such Person could, prior to the MII Assumption, enforce such rights against the applicable B&W Entity and (ii) releases
each B&W Entity from its obligation to observe, pay, perform, satisfy, fulfill or discharge any such MII Obligations. 

(d) B&W Retained Obligations. B&W hereby agrees to continue to observe, pay, perform,
satisfy, fulfill and discharge any and all of its now existing and hereafter arising Obligations (other than MII Obligations) (the “B&W Retained Obligations”) in accordance with the terms of this Agreement and the applicable
Existing Policy and Existing Insurance Agreement. 
 (e) Obligations of the Company and the
ACE Affiliates. For the avoidance of doubt, the Parties acknowledge that nothing in this Agreement shall discharge, limit or in any way affect the obligations of the Company or the ACE Affiliates as insurers under any of the Existing Policies.
Such obligations shall continue to be performed to the extent and in the manner set forth in the applicable Existing Policy by the Company and/or by the ACE Affiliates, as the case may be, for the benefit of such Persons who are entitled to such
performance under the applicable Existing Policy, provided, however, that to the extent that such performance gives rise to Obligations, the responsibility for such Obligations shall be governed by this Agreement. 

(f) Existing ESIS Agreements. The Parties shall use commercially reasonable efforts to enter into
an agreement with ESIS promptly after the date hereof pursuant to which ESIS shall acknowledge and consent to the B&W Assumption and the MII Assumption and the other provisions of this Agreement with respect to determining any MII Obligations,
MII Retained Obligations, B&W Obligations or B&W Retained Obligations (or allocations thereof) in respect of any Existing ESIS Agreement. 

3. Joinder. As of the Effective Date, (a) to the extent that B&W is not already a party thereto
and an Existing Insurance Agreement contains any B&W Obligations, each Existing Insurance Agreement is hereby deemed amended to add B&W as an “Insured” or other such obligor thereunder solely to the extent necessary to give effect
to the B&W Assumption and (b) to the extent that MII is not already a party thereto and an Existing Insurance Agreement contains any MII Obligations, each Existing Insurance Agreement is hereby deemed amended to add MII as an
“Insured” or other such obligor thereunder solely to the extent necessary to give effect to the MII Assumption. 

4. Allocation. 

(a) Company Designations. (i) MII shall continue to pay or perform any and all Obligations
constituting MII Retained Obligations pursuant to and in the manner set forth in the applicable Existing Policy and the applicable Existing Insurance Agreement giving rise to such Obligations and (ii) B&W shall continue to pay or perform
any and all Obligations constituting B&W Retained Obligations pursuant to and in the manner set forth in the applicable Existing Policy and the applicable Existing Insurance Agreement giving rise to such Obligations; provided,
however, that in each case, MII and B&W shall provide to the Company on a timely basis such information as the Company may request so that the Company may determine whether the Obligations constitute MII Retained Obligations or B&W
Retained Obligations. The Company shall determine whether such Obligations constitute MII Retained Obligations or B&W Retained Obligations (the “Company Designation”) and shall notify the applicable Party of any such Company
Designation. With respect to the Obligations arising out of or relating to the Foreign Policies or the Foreign Insurance Agreements, if the Company is unable to make a determination as to whether any such Obligations constitute MII Retained
Obligations or B&W Retained Obligations based upon the information available to the Company, the Company will deem the Company Designation for such Obligations to be MII Retained Obligations. B&W agrees that, notwithstanding any dispute or
disagreement it may have with respect to any Company Designation, it will pay any B&W Retained Obligation pursuant to and in the manner set forth in the applicable Existing Policy and the applicable Existing Insurance Agreement giving rise to
such B&W Retained Obligation; and MII agrees that, notwithstanding any dispute or disagreement it may have with respect to any Company Designation, it will pay such MII Retained Obligation pursuant to and in the manner set forth in the
applicable Existing Policy and the applicable Existing Insurance 
  

 5 

 
Agreement giving rise to such MII Retained Obligation; provided, however, that such payment shall not be construed as prejudicial to either Party in any dispute between MII and
B&W with respect to any such Company Designation. 
 (b) Disputes. Notwithstanding any
dispute or disagreement between MII and B&W concerning a Company Designation, the applicable Party shall pay any amount payable pursuant to a Company Designation as set forth in Section 4(a), and any such dispute or disagreement between MII
and B&W shall be resolved pursuant to Article V of the Master Separation Agreement; provided, that (i) until the Master Separation Agreement is executed and delivered by all parties thereto, the reference to such agreement
herein shall be deemed to refer to the draft thereof dated as of April 28, 2010; (ii) the Company will not be made a party to any arbitration proceeding arising from such dispute or disagreement, but may be called as a witness;
(iii) any costs incurred by the Company in respect of any such arbitration proceeding will be fully reimbursed to the Company equally by the Disputing Parties promptly following receipt of a reimbursement demand from the Company;
(iv) under no circumstances will MII or B&W, as a result of such arbitration proceeding, require the Company to return any amount received by the Company pursuant to a prior Company Designation, whether such amount was received as a result
of the Company’s draw against security posted for its benefit or otherwise, and (v) the Company shall comply with the allocation or other resolution of such dispute established by any award or order of such arbitration, or settlement
between the Disputing Parties; and (vi) any indemnification and reimbursement of the Company by B&W and MII pursuant to this Agreement, the Existing Policies and the Existing Insurance Agreements and any other agreement relating to the
disputed Company Designation shall be in accordance with the allocation established by such award, order or settlement of such dispute. 

5. Collateral and Fee. 

(a) MII LOC. 

(i) MII will, within fifteen (15) days after the Effective Date, provide to the Company, as
beneficiary thereof, (A) cash collateral in an amount of $687,236 in respect of its Obligations under the Existing Insurance Agreements and the Existing Policies (other than the Foreign Insurance Agreements and Foreign Policies) and
(B) cash collateral in an amount of $6,074,640 in respect of the Foreign Insurance Agreements and Foreign Policies (such cash collateral individually and collectively being referred to herein as the “MII Cash Collateral”). The
Company shall return the MII Cash Collateral to MII promptly upon receipt of the MII LOC as set forth below. MII will, within fifteen (15) days after July 1, 2010, provide to the Company, as beneficiary thereof, (A) a clean,
irrevocable and unconditional letter of credit in an amount of $687,236 in respect of its Obligations under the Existing Insurance Agreements and the Existing Policies (other than the Foreign Insurance Agreements and Foreign Policies) and (B) a
clean, irrevocable and unconditional letter of credit in an amount of $6,074,640 in respect of the Foreign Insurance Agreements and Foreign Policies (each such letter of credit individually and collectively being referred to herein as the
“MII LOC”), issued in a form and by a bank or other financial institution, in each case acceptable to the Company; and/or such other forms of collateral as the Company may permit from time to time. The MII LOC shall be in an
aggregate amount that is less than the aggregate amount of the Existing Collateral provided by MII and shall secure the MII Retained Obligations and the Obligations assumed by MII in the MII Assumption (the “MII Assumed
Obligations”). 
 (ii) The MII LOC shall be “evergreen,” meaning that it shall
provide by its terms that it will be renewed automatically each year for an additional year unless written notice of non-renewal is received by the Company at least sixty (60) days prior to the MII LOC’s anniversary date. If the Company
permits MII to provide collateral in a form other than the MII LOC, MII shall provide such collateral in an amount and form acceptable to the Company. 

(iii) MII shall keep the MII LOC in place (or other collateral acceptable to the Company) as security for
payment of the MII Retained Obligations and the MII Assumed Obligations, until the 
  

 6 

 
Company determines in its sole discretion that there is no longer any need for such collateral. If there shall be a material deterioration in the financial condition of the bank or other
financial institution which has issued the MII LOC, the Company shall have the right to require MII to replace the MII LOC with a new letter of credit with similar terms issued by a bank or other financial institution then acceptable to the Company.

 (iv) The Company shall have the right to draw against the MII LOC and/or other collateral in
each instance where any portion of the MII Retained Obligation or the MII Assumed Obligations for any reason is not fulfilled in the manner and within the time periods required under this Agreement or the Existing Policies or Existing Insurance
Agreements giving rise thereto. 
 (v) Annually, the Company shall review and redetermine the
amount of the MII Retained Obligations and the MII Assumed Obligations and the amount of collateral security required pursuant to this Agreement. At such time, MII will provide its most recent audited financial statements, interim financial
statements, and any other financial information reasonably requested by the Company for the purpose of evaluating the financial condition of MII. MII will provide any needed increases in the amount of the MII LOC (and/or other collateral if
acceptable to the Company) within thirty (30) days of the Company’s written request for any additional required amount of the MII LOC. The Company will effect any decreases in the amount of the MII LOC (and/or other collateral) promptly,
provided that MII is not in breach of any of its obligations under this Agreement, the Existing Policies or any Existing Insurance Agreement. 

(b) B&W LOC. 

(i) B&W will, within fifteen (15) days after the Effective Date, provide to the Company, as
beneficiary thereof, (A) a clean, irrevocable and unconditional letter of credit in an amount of $33,828,776 in respect of its Obligations under the Existing Insurance Agreements and the Existing Policies (other than the Foreign Insurance
Agreements and Foreign Policies) and (B) a clean, irrevocable and unconditional letter of credit in an amount of $200,000 in respect of the Foreign Insurance Agreements and Foreign Policies (each such letter of credit individually and
collectively being referred to herein as the “B&W LOC”), issued in a form and by a bank or other financial institution, in each case acceptable to the Company; and/or such other forms of collateral as the Company may permit from
time to time. The B&W LOC shall be in an aggregate amount that is less than the aggregate amount of the Existing Collateral provided by B&W and shall secure the B&W Retained Obligations and the Obligations assumed by B&W in the
B&W Assumption (the “B&W Assumed Obligations”). 
 (ii) The B&W LOC
shall be “evergreen,” meaning that it shall provide by its terms that it will be renewed automatically each year for an additional year unless written notice of non-renewal is received by the Company at least sixty (60) days prior to
the B&W LOC’s anniversary date. If the Company permits B&W to provide collateral in a form other than the B&W LOC, B&W shall provide such collateral in an amount and form acceptable to the Company. 

(iii) B&W shall keep the B&W LOC in place (or other collateral acceptable to the Company) as
security for payment of the B&W Retained Obligations and the B&W Assumed Obligations, until the Company determines in its sole discretion that there is no longer any need for such collateral. If there shall be a material deterioration in the
financial condition of the bank or other financial institution which has issued the B&W LOC, the Company shall have the right to require B&W to replace the B&W LOC with a new letter of credit with similar terms issued by a bank or other
financial institution then acceptable to the Company. 
 (iv) The Company shall have the right to
draw against the B&W LOC and/or other collateral in each instance where any portion of the B&W Retained Obligations or the B&W Assumed Obligations for any reason is not fulfilled in the manner and within the time periods required under
this Agreement or the Existing Policies or Existing Insurance Agreements giving rise thereto. 
  

 7 

 (v) Annually, the Company shall review and redetermine the
amount of the B&W Retained Obligations and the B&W Assumed Obligations and the amount of collateral security required pursuant to this Agreement. At such time, B&W will provide its most recent audited financial statements, interim
financial statements, and any other financial information reasonably requested by the Company for the purpose of evaluating the financial condition of B&W. B&W will provide any needed increases in the amount of the B&W LOC (and/or other
collateral if acceptable to the Company) within thirty (30) days of the Company’s written request for any additional required amount of the B&W LOC. The Company will effect any decreases in the amount of the B&W LOC (and/or other
collateral) promptly, provided that B&W is not in breach of any of its obligations under this Agreement, the Existing Policies or any Existing Insurance Agreement. 

(c) Substituted Collateral. Notwithstanding anything in any Existing Policy or Existing Insurance
Agreement to the contrary, the Parties, each B&W Entity that is a party hereto and each MII Entity that is a party hereto hereby agree that, upon receipt of the Substituted Collateral as set forth in Section 5(a)(i) and 5(b)(i), the
Existing Collateral shall be replaced with such Substituted Collateral and, accordingly, shall be released by the Company and the ACE Affiliates. 

(d) Fee. No later than fifteen (15) days after the Effective Date, MII shall pay to the
Company the Fee, which shall be paid pursuant to the Company’s wire instructions as provided to MII in writing prior to the date such Fee is payable. 

6. Existing Collateral. The Substituted Collateral required to be provided by MII and B&W hereunder
shall, except to the extent provided otherwise in this Agreement, be subject to all of the terms and conditions applicable to the Existing Collateral pursuant to the Existing Insurance Agreements to the same extent that such terms and conditions
applied to the Existing Collateral thereunder. 
 7. Security Interest. Each of MII and B&W
will separately provide (or have provided) to the Company and ESIS, from time to time, funds to be credited to paid loss deposit funds, deductible funds and/ or loss funds (collectively, “Cash Collateral”) that the Company or ESIS
shall hold pursuant to the Existing Insurance Agreements with respect to the MII Retained Obligations and the MII Assumed Obligations, in the case of MII, and with respect to the B&W Retained Obligations and the B&W Assumed Obligations, in
the case of B&W. Each of MII and B&W hereby grant to the Company, for its benefit and the benefit of the ACE Affiliates, a continuing first priority security interest in and lien on all of their respective right, title and interest, if any,
in and to the Cash Collateral and all proceeds thereof as security for their now existing and hereafter arising Obligations to the Company or such ACE Affiliates. The Company shall hold the Cash Collateral in accordance with the terms of the
applicable Existing Insurance Agreement pursuant to which such Cash Collateral was provided to the Company or the applicable ACE Affiliate. The Company shall have the sole and exclusive right, and is hereby authorized, to use the Cash Collateral to
pay any and all Obligations of MII and/or B&W in accordance with the Company Designation in accordance with the terms of the applicable Existing Insurance Agreement and this Agreement. 

8. Billing. On and after the Effective Date, the Company (or any third party administrator acting on behalf
of the Company in respect of an Existing Policy) will, in each case in accordance with the billing procedures set forth in the applicable Existing Policy and Existing Insurance Agreement: 

(a) bill MII directly for the MII Retained Obligations and the MII Assumed Obligations; and 

(b) bill B&W directly for the B&W Retained Obligations and the B&W Assumed Obligations.

 9. Amendments. Neither this Agreement nor any provision hereof may be amended, changed, waived,
discharged or terminated except by a written instrument signed by the Company, B&W, MII and each other Party, if any, against whom enforcement of such amendment, change, waiver, discharge or termination is sought. 

 

 8 

 10. Successors and Assigns. This Agreement shall be binding
upon and inure to the benefit of the Parties and their respective successors and permitted assigns. Neither this Agreement nor any right or obligation hereunder may be assigned or conveyed by any Party without the prior written consent of the other
Parties, which consent shall not be unreasonably withheld. 
 11. [Intentionally Omitted]. 

12. No Waiver. The failure or refusal by any Party to exercise any rights granted hereunder shall not
constitute a waiver of such rights or preclude the subsequent exercise thereof, and no oral communication shall be asserted as a waiver of any such rights hereunder unless such communication shall be confirmed in a writing plainly expressing an
intent to waive such rights and signed by the Party against whom such waiver is asserted. 
 13.
Counterparts. This Agreement may be executed in any number of counterparts each of which when so executed and delivered shall constitute an original, but such counterparts together shall constitute one and the same agreement. The exchange
of copies of this Agreement and of signature pages by facsimile transmission or by electronic mail shall constitute effective execution and delivery of this Agreement as to the Parties and may be used in lieu of the original Agreement for all
purposes. Signatures of the Parties and other Persons signatory hereto transmitted by facsimile or by electronic mail shall be deemed to be their original signatures for all purposes. 

14. No Third Party Beneficiary. This Agreement shall not be deemed to give any right or remedy to any third
party whatsoever unless otherwise specifically granted hereunder. 
 15. Parties’
Representations. As of the Effective Date, each of the Parties expressly represents on its own behalf: (a) it is an entity in good standing in its jurisdiction of organization; (b) it has all requisite corporate power and authority
to enter into this Agreement, and to perform its obligations hereunder; (c) the execution and delivery by it of this Agreement, and the performance by it of its obligations under this Agreement, have been duly authorized by all necessary
corporate or other action; (d) this Agreement, when duly executed and delivered by it, and subject to the due execution and delivery hereof by the other Parties, will be a valid and binding obligation of it, enforceable against it, its
successors and permitted assigns, in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and general equity principles; (e) the
execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby in accordance with the respective terms and conditions hereof will not (i) violate any provision of its Organizational Documents,
(ii) violate any applicable order, judgment, injunction, award or decree of any court, arbitrator or governmental or regulatory body against it, or binding upon it, or any agreement with, or condition imposed by, any governmental or regulatory
body, foreign or domestic, binding upon it as of the date hereof, or (iii) violate any agreement, contract, obligation, promise or undertaking that is legally binding and to which it is a party or by which it is bound; and (f) the
signatory hereto on behalf of it is duly authorized and legally empowered to enter into this Agreement on its behalf. 
  

 9 

 16. Notices. Any and all notices, requests, approvals,
authorizations, consents, instructions, designations and other communications that are required or permitted to be given pursuant to this Agreement shall be in writing and may be given either by personal delivery, first class prepaid post (airmail
if to another country) or by internationally recognized overnight delivery service to the following address, or to such other address and recipient as such Party may have notified in accordance with the terms of this section as being its address or
recipient for notification for the purposes of this Agreement: 
  

					
	If to the Company	  	 ACE American Insurance Company

225 E. John Carpenter Freeway, Suite 1300

Irving, TX 75062

		  	 Attention:
	  	 Underwriting Manager

ACE Risk Management

			
		  	 Telephone:
	  	 (972) 465.7500

		  	 Facsimile:
	  	 (972) 465.7826

		
	If to any MII Entity:	  	 McDermott International, Inc.

757 N. Eldridge Parkway

Houston, Texas 77079

		  	 Attention:
	  	 VP and Chief Risk Officer (with copy to General Counsel)

			
		  	 Telephone:
	  	 281-870-5785

		  	 Telecopier:
	  	 281-870-5923

		  	 Electronic Mail:
	  	 twoodard@mcdermott.com

		
	If to any B&W Entity:	  	 Prior to the Separation:

		
		  	 Babcock & Wilcox Holdings, Inc.

800 Main Street

Lynchburg, Virginia 24504

		  	 Attention:
	  	 Director, Risk Management (with copy to General Counsel)

		  	 Telephone:
	  	 434-522-6800

			
		  	 with a copy to:
	  	
		  	 McDermott International, Inc.

777 N. Eldridge Parkway

Houston, Texas 77079

		  	 Attention:
	  	 Director, Risk Management (with copy to General Counsel)

			
		  	 Telephone:
	  	 281-870-5476

		  	 Telecopier:
	  	 281-870-5923

		  	 Electronic Mail:
	  	 cjryan@mcdermott.com

		
		  	 On and After the Separation:

		
		  	 The Babcock & Wilcox Company

The Harris Building

13024 Ballantyne Corporate Place, Suite 700

Charlotte, North Carolina

		  	 Attention:
	  	 Director, Risk Management (with copy to General Counsel)

Any notice or communication to any Person shall be deemed to be received by that Person: 

(A) upon personal delivery; or 

(B) upon receipt if sent by mail or courier. 

 

 10 

 17. Governing Law. This Agreement shall be governed by and
construed in accordance with the internal laws of the Commonwealth of Pennsylvania without regard to those provisions concerning conflicts of laws that would result in the application of the laws of any other jurisdiction. 

18. Entire Agreement. This Agreement, together with the Existing Policies and Existing Insurance
Agreements, constitute the entire agreement among all of the Parties and supersedes all other prior agreements and understandings, both written and oral, with respect to the subject matter hereof. 

19. Dispute Resolution. If a dispute between either MII or B&W, on the one hand, and the Company or any
ACE Affiliate, on the other hand, involves rights or obligations arising under this Agreement, or any of the Existing Policies or Existing Insurance Agreements, the arbitration provisions in the most recent Existing Insurance Agreement referenced in
Exhibit II shall govern the resolution of the entire dispute in all respects. In any such arbitration brought by or against MII or B&W, the other of B&W or MII, as applicable, shall have right to associate effectively in the defense and/or
prosecution of such arbitration. 
 20. Severability. If any term or other provision of this
Agreement or the Exhibits attached hereto is determined by a nonappealable decision by a court, administrative agency or arbitrator to be invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions and
provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any Party. Upon such determination
that any term or other provision is invalid, illegal or incapable of being enforced, the court, administrative agency or arbitrator shall interpret this Agreement so as to effect the original intent of the Parties as closely as possible in an
acceptable manner to the end that transactions contemplated hereby are fulfilled to the fullest extent possible. If any sentence in this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as is
enforceable. 
 21. Rules of Construction. The definitions of terms used 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
(a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified,
(b) any reference herein to any law shall be construed as referring to such law as amended, modified, codified or reenacted, in whole or in part, and in effect from time to time, (c) any reference herein to any Person shall be construed to
include such Person’s successors and assigns (subject to the restrictions contained herein), (d) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this
Agreement in its entirety and not to any particular provision hereof, (e) with respect to the determination of any time period, the word “from” means “from and including” and the word “to” means “to and
including” and (f) any reference herein to Articles, Sections and Exhibits shall be construed to refer to Articles and Sections of, and Exhibits to, this Agreement. No provision of this Agreement shall be interpreted or construed against
any Person solely because such Person or its legal representative drafted such provision. 
 [Remainder of Page Intentionally
Left Blank] 
  

 11 

 IN WITNESS WHEREOF, the Parties intending to be legally bound hereby have
executed this Agreement, by their duly authorized representatives. 
  

			
	 ACE AMERICAN INSURANCE COMPANY,

on behalf of itself and the ACE Affiliates

		
	 By:
	 	 /S/    LAURA
VEST        

	 Name:
	 	Laura Vest
	 Title:
	 	Vice President
	
	MCDERMOTT INTERNATIONAL, INC.
		
	 By:
	 	 /S/    LIANE K.
HINRICHS        

	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Senior Vice President
	
	BABCOCK & WILCOX HOLDINGS, INC.
		
	 By:
	 	 /S/    MICHAEL S.
TAFF        

	 Name:
	 	Michael S. Taff
	 Title:
	 	Senior Vice President

Signature Page to Assumption and Loss Allocation Agreement 

 ACKNOWLEDGED AND AGREED FOR PURPOSES OF SECTIONS 2, 3 and 5(c):

  

			
	B&W ENTITIES:
	
	AMERICON EQUIPMENT SERVICES, INC.
	
	AMERICON, INC.
	
	APPLIED SYNERGISTICS, INC.
	
	BABCOCK & WILCOX CANADA LTD.
	
	BABCOCK & WILCOX CHINA HOLDINGS, INC.
	
	BABCOCK & WILCOX CONSTRUCTION CO., INC.
	
	BABCOCK & WILCOX DE MONTERREY, S.A. DE C.V.
	
	BABCOCK & WILCOX DENMARK HOLDINGS, INC.
	
	BABCOCK & WILCOX EBENSBURG POWER, INC.
	
	BABCOCK & WILCOX EQUITY INVESTMENTS, INC.
	
	BABCOCK & WILCOX INDIA HOLDINGS, INC.
	
	BABCOCK & WILCOX INTERNATIONAL SALES AND SERVICE CORPORATION
	
	BABCOCK & WILCOX INTERNATIONAL, INC.
		
	 By:
	 	 /S/    BENJAMIN H.
BASH        

	 Name:
	 	Benjamin H. Bash
	 Title:
	 	Assistant Secretary of each of the above

Signature Page to Assumption and Loss Allocation Agreement 

			
	 BABCOCK & WILCOX MODULAR

NUCLEAR ENERGY LLC

	
	BABCOCK & WILCOX NUCLEAR OPERATIONS GROUP, INC.
	
	 BABCOCK & WILCOX NUCLEAR ENERGY,

INC.

	
	 BABCOCK & WILCOX NUCLEAR

SERVICES (U.K.) LIMITED

	
	 BABCOCK & WILCOX TECHNICAL

SERVICES CLINCH RIVER, LLC

	
	 BABCOCK & WILCOX POWER

GENERATION GROUP, INC.

	
	 BABCOCK & WILCOX TECHNICAL

SERVICES GROUP, INC.

	
	 BABCOCK & WILCOX TECHNICAL

SERVICES SAVANNAH RIVER COMPANY

	
	BABCOCK & WILCOX VOLUND A/S
	
	BCE PARTS LTD.
	
	BWX TECHNOLOGIES, INC.
	
	BWXT FEDERAL SERVICES, INC.
	
	BWXT HANFORD COMPANY
	
	BWXT OF IDAHO, INC.
	
	BWXT OF OHIO, INC.
	
	BWXT WASHINGTON, INC.
		
	 By:
	 	/S/    BENJAMIN H.
BASH        
	 Name:
	 	Benjamin H. Bash
	 Title:
	 	Assistant Secretary of each of the above

Signature Page to Assumption and Loss Allocation Agreement 

			
	CREOLE INSURANCE COMPANY, LTD.
	
	DELTA POWER SERVICES, LLC
	
	DIAMOND OPERATING CO., INC.
	
	DIAMOND POWER AUSTRALIA HOLDINGS, INC.
	
	DIAMOND POWER CHINA HOLDINGS, INC.
	
	 DIAMOND POWER EQUITY INVESTMENTS,

INC.

	
	DIAMOND POWER INTERNATIONAL, INC.
	
	 DIAMOND POWER SPECIALTY

(PROPRIETARY) LIMITED

	
	DPS BERKELEY, LLC
	
	DPS CADILLAC, LLC
	
	DPS FLORIDA, LLC
	
	DPS GREGORY, LLC
	
	DPS LOWELL COGEN, LLC
	
	DPS MECKLENBURG, LLC
	
	DPS MICHIGAN, LLC
	
	DPS MOJAVE, LLC
	
	DPS SABINE, LLC
	
	GUMBO INSURANCE COMPANY, LTD.
		
	By:	 	/S/    BENJAMIN H.
BASH        
	 Name:
	 	Benjamin H. Bash
	 Title:
	 	Assistant Secretary of each of the above

Signature Page to Assumption and Loss Allocation Agreement 

			
	INTECH INTERNATIONAL INC.
	
	INTECH, INC.
	
	IVEY-COOPER SERVICES, L.L.C.
	
	MARINE MECHANICAL CORPORATION
	
	NFS HOLDINGS, INC.
	
	NOG-ERWIN HOLDINGS, INC.
	
	NORTH COUNTY RECYCLING, INC.
	
	NUCLEAR FUEL SERVICES, INC.
	
	O&M HOLDING COMPANY
	
	SOFCO - EFS HOLDINGS LLC
		
	By:	 	/S/    BENJAMIN H.
BASH        
	 Name:
	 	Benjamin H. Bash
	 Title:
	 	Assistant Secretary of each of the above
	
	 BABCOCK & WILCOX TECHNICAL

SERVICES (U.K.) LIMITED

		
	By:	 	/S/    BENJAMIN H.
BASH        
	 Name:
	 	Benjamin H. Bash
	 Title:
	 	Joint Secretary

Signature Page to Assumption and Loss Allocation Agreement 

			
	B&W DE PANAMA, INC.
	
	 BABCOCK & WILCOX INTERNATIONAL

INVESTMENTS CO., INC.

	
	 BABCOCK & WILCOX INVESTMENT

COMPANY

		
	By:	 	/S/    MICHAEL S.
TAFF        
	 Name:
	 	Michael S. Taff
	 Title:
	 	Senior Vice President, of each of the above

Signature Page to Assumption and Loss Allocation Agreement 

			
	 BABCOCK & WILCOX INDIA PRIVATE

LIMITED

	
	DIAMOND POWER SPECIALTY LIMITED
		
	By:	 	/S/    ROBERT E.
STUMPF        
	 Name:
	 	Robert E. Stumpf
	 Title:
	 	Assistant Secretary
	
	NATIONAL ECOLOGY COMPANY
		
	By:	 	/S/    ROBERT E.
STUMPF        
	 Name:
	 	Robert E. Stumpf
	 Title:
	 	Secretary
	
	DIAMOND POWER DO BRASIL LIMITADA

  

			
	DIAMOND POWER INTERNATIONAL, INC.
	
	 BABCOCK & WILCOX

INTERNATIONAL SALES AND
 SERVICE
CORPORATION
 (as Shareholders of Diamond Power do

Brasil Limitada)

		
	By:	 	/S/    ROBERT E.
STUMPF        
	 Name:
	 	Robert E. Stumpf
	 Title:
	 	Assistant Secretary of each of the Shareholders

Signature Page to Assumption and Loss Allocation Agreement 

			
	P. T. BABCOCK & WILCOX ASIA
	
	 SERVICIOS DE FABRICACION DE VALLE

SOLEADO, S.A. DE C.V.

	
	 SERVICOS PROFESIONALES DE VALLE

SOLEADO, S.A. DE C.V.

		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Secretary

Signature Page to Assumption and Loss Allocation Agreement 

			
	 DIAMOND POWER CENTRAL & EASTERN

EUROPE S.R.O.

	
	DIAMOND POWER FINLAND OY
		
	By:	 	/S/    JUHA K.
MUSTONEN        
	 Name:
	 	Juha K. Mustonen
	 Title:
	 	Managing Director

Signature Page to Assumption and Loss Allocation Agreement 

			
	 DIAMOND POWER MACHINE (HUBEI) CO.,

INC.

		
	By:	 	/S/    DAVID R.
GIBBS        
	 Name:
	 	David R. Gibbs
	 Title:
	 	Director

Signature Page to Assumption and Loss Allocation Agreement 

			
	DIAMOND POWER SWEDEN AB
		
	By:	 	/S/    MIKA J.
HAIKOLA        
	 Name:
	 	Mika J. Haikola
	 Title:
	 	Managing Director

Signature Page to Assumption and Loss Allocation Agreement 

 ACKNOWLEDGED AND AGREED FOR PURPOSES OF SECTIONS 2, 3 and 5(c):

  

			
	MII ENTITIES:
	
	 CHARTERING COMPANY (SINGAPORE)

PTE. LTD.

	
	 J. RAY MCDERMOTT (QINGDAO) PTE.

LTD.

	
	 J. RAY MCDERMOTT ASIA PACIFIC PTE.

LTD.

	
	MALMAC SDN. BHD.
	
	 MCDERMOTT (MALAYSIA) SENDIRIAN

BERHAD

		
	By:	 	/S/    JEFF J.
HIGHTOWER        
	 Name:
	 	Jeff J. Hightower
	 Title:
	 	Director of each of the above
	
	BOUDIN INSURANCE COMPANY, LTD.
	
	 J. RAY MCDERMOTT EASTERN

HEMISPHERE LIMITED

	
	LAGNIAPPE INSURANCE COMPANY, LTD.
		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Assistant Secretary, of each of the above

Signature Page to Assumption and Loss Allocation Agreement 

			
	J. RAY MCDERMOTT UK LTD.
		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Joint Secretary
	
	EASTERN MARINE SERVICES, INC.
	
	 GLOBAL ENERGY - MCDERMOTT

LIMITED

	
	HYDRO MARINE SERVICES, INC.
	
	J. RAY MCDERMOTT (CASPIAN), INC.
	
	J. RAY MCDERMOTT (NIGERIA) LTD.
	
	J. RAY MCDERMOTT (NORWAY), AS
	
	 J. RAY MCDERMOTT CANADA HOLDING,

LTD.

	
	J. RAY MCDERMOTT CANADA, LTD.
	
	J. RAY MCDERMOTT CONTRACTORS, INC.
	
	 J. RAY MCDERMOTT DE MEXICO, S.A. DE

C.V.

		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Secretary of each of the above

Signature Page to Assumption and Loss Allocation Agreement 

			
	
	J. RAY MCDERMOTT ENGINEERING SERVICES PRIVATE LIMITED
	
	J. RAY MCDERMOTT ENGINEERING, LLC
	
	J. RAY MCDERMOTT FAR EAST, INC.
	
	 J. RAY MCDERMOTT INTERNATIONAL,

INC.

	
	 J. RAY MCDERMOTT INTERNATIONAL

VESSELS, LTD.

	
	J. RAY MCDERMOTT INVESTMENTS B.V.
	
	J. RAY MCDERMOTT KAZAKHSTAN LLP
	
	 J. RAY MCDERMOTT LOGISTIC SERVICES

PVT. LIMITED

	
	J. RAY MCDERMOTT MIDDLE EAST, INC.
	
	J. RAY MCDERMOTT SOLUTIONS, INC.
	
	J. RAY MCDERMOTT TECHNOLOGY, INC.
	
	 J. RAY MCDERMOTT UNDERWATER

SERVICES, INC.

	
	 J. RAY MCDERMOTT WEST AFRICA

HOLDINGS, INC.

	
	J. RAY MCDERMOTT WEST AFRICA, INC.
		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Secretary of each of the above

Signature Page to Assumption and Loss Allocation Agreement 

			
	
	 MCDERMOTT CASPIAN CONTRACTORS,

INC.

	
	MCDERMOTT FAR EAST, INC.
	
	 MCDERMOTT GULF OPERATING

COMPANY, INC.

	
	MCDERMOTT INTERNATIONAL B.V.
	
	 MCDERMOTT INTERNATIONAL

INVESTMENTS CO., INC.

	
	 MCDERMOTT INTERNATIONAL MARINE

INVESTMENTS N.V.

	
	 MCDERMOTT INTERNATIONAL TRADING

CO., INC.

	
	 MCDERMOTT INTERNATIONAL VESSELS,

INC.

	
	 MCDERMOTT MARINE MEXICO, S.A. DE

C.V.

	
	 MCDERMOTT OFFSHORE SERVICES

COMPANY, INC.

	
	MCDERMOTT OLD JV OFFICE, INC.
	
	 MCDERMOTT OVERSEAS INVESTMENT

CO. N.V.

	
	MCDERMOTT OVERSEAS, INC.
	
	MCDERMOTT TRADE CORPORATION
		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Secretary of each of the above

Signature Page to Assumption and Loss Allocation Agreement 

			
	 MENTOR SUBSEA TECHNOLOGY

SERVICES, INC.

	
	NORTH ATLANTIC VESSEL, INC.
	
	 OFFSHORE PIPELINES INTERNATIONAL,

LTD.

	
	OPI VESSELS, INC.
	
	OPMI, LTD.
	
	SABINE RIVER REALTY, INC.
	
	 SERVICIOS DE FABRICACION DE

ALTAMIRA, S.A. DE C.V.

	
	 SERVICOS PROFESIONALES DE

ALTAMIRA, S.A. DE C.V.

	
	SPARTEC, INC.
	
	VARSY INTERNATIONAL N.V.
		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Secretary of each of the above
	
	MCDERMOTT KFT.
		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Managing Director

Signature Page to Assumption and Loss Allocation Agreement 

			
	 J. RAY MCDERMOTT (AUST.) HOLDING

PTY. LIMITED

	
	MCDERMOTT AUSTRALIA PTY. LTD.
		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Corporate Officer of each of the above
	
	MCDERMOTT INCORPORATED
	
	MCDERMOTT PANAMA HOLDINGS, S.A.
	
	J. RAY MCDERMOTT HOLDINGS, LLC
	
	J. RAY MCDERMOTT, INC.
	
	J. RAY MCDERMOTT, S.A.
	
	MCDERMOTT CAYMAN LTD.
		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	Senior Vice President of each of the above
	
	 MCDERMOTT INTERNATIONAL

MARKETING, INC.

		
	By:	 	/S/    LIANE K.
HINRICHS        
	 Name:
	 	Liane K. Hinrichs
	 Title:
	 	President

Signature Page to Assumption and Loss Allocation Agreement 

					
	FLOATEC, LLC
		
	By:	 	/S/    ROBERT E.
STUMPF        
	 Name:
	 	Robert E. Stumpf
	 Title:
	 	Assistant Secretary
	
	MCDERMOTT HOLDINGS (U.K.) LIMITED
	
	 MCDERMOTT MARINE CONSTRUCTION

LIMITED

		
	By:	 	/S/    ROBERT E.
STUMPF        
	 Name:
	 	Robert E. Stumpf
	 Title:
	 	Joint Secretary of each of the above
	
	 MCDERMOTT SERVICOS DE

CONSTRUCAO, LTDA.

		
		 	J. RAY MCDERMOTT INC.
		
		 	 MCDERMOTT OVERSEAS, INC.,

(as Shareholders)

			
		 	By:	 	/S/    ROBERT E.
STUMPF        
		 	 Name:
	 	Robert E. Stumpf
		 	 Title:
	 	Assistant Secretary
	
	OFFSHORE PIPELINES SDN. BHD.
		
		 	 OFFSHORE PIPELINES SDN. BLD.

(as Sole Shareholder)

			
		 	By:	 	/S/    ROBERT E.
STUMPF        
		 	 Name:
	 	Robert E. Stumpf
		 	 Title:
	 	Assistant Secretary

Signature Page to Assumption and Loss Allocation Agreement 

			
	INTERNATIONAL VESSELS LTD.
		
	By:	 	/S/    STEVEN W.
ROLL        
	 Name:
	 	Steven W. Roll
	 Title:
	 	Director

Signature Page to Assumption and Loss Allocation Agreement 

			
	PT. BAJA WAHANA INDONESIA
		
	By:	 	/S/    SCOTT
CUMMINS        
	 Name:
	 	Scott Cummins
	 Title:
	 	President Director

Signature Page to Assumption and Loss Allocation Agreement 

			
	SINGAPORE HUANGDAO PTE. LTD.
		
	By:	 	/S/    ROCKNE L.
MOSELEY        
	 Name:
	 	Rockne L. Moseley
	 Title:
	 	Director

Signature Page to Assumption and Loss Allocation Agreement 

 EXHIBIT I – B&W ENTITIES 

See Schedule 1.1(a) and Schedule 1.1(c) attached hereto. No B&W Entity listed on Schedule 1.1(a) shall be deemed to be an “Insured”, a
“Named Insured” or otherwise be deemed to be insured under any Existing Policy or Existing Insurance Agreement solely by virtue of being listed on such Schedule 1.1(a). 

 6/2/2010 

Schedule 1.1(a) 

B&W FORMER 
  

			
	 Reference ID
	  	 Name

	333	  	Ahahsain Hudson Heat Transfer Co. Ltd.
	398	  	Advanced Refractory Technologies, Inc.
		  	A.M. Lockett & Co., Limited
		  	Amcermet Corporation
	924	  	ASEA Babcock
	235	  	Ash Acquisition Company
	326	  	B & W Clarion, Inc.
	574	  	B&W Ebensburg Pa., Inc.
	460	  	B&W Energy Investments, Inc.
	383	  	B&W Fort Worth Power, Inc.
	950	  	B&W Fuel Company
	535	  	B&W Fuel, Inc.
	922	  	B&W Mexicana, S.A. de C.V.
	9991	  	B&W North Branch G.P., Inc.
	9990	  	B&W North Branch L.P., Inc.
	537	  	B&W Nuclear Service Company
	960	  	B&W Nuclear Service Company
	536	  	B&W Nuclear, Inc.
	586	  	B&W Saba, Inc.
	591	  	B&W Service Company
	579	  	B&W SOFC G.P., Inc.
	578	  	B&W SOFC L.P., Inc.
	381	  	B&W Special Projects, Inc.
	569	  	B&W Triso Corporation
		  	B&W Tubular Products Limited
	573	  	B&W/OHM Weldon Spring, Inc.
	212	  	Babcock & Wilcox Asia Investment Co., Inc.
	115	  	Babcock & Wilcox Asia Limited
	533	  	Babcock & Wilcox Canada Leasing Ltd.
	503	  	Babcock & Wilcox Canada Ltd.
	215	  	Babcock & Wilcox China Investment Co., Inc.
	594	  	Babcock & Wilcox do Brasil Limitada
	528	  	Babcock & Wilcox do Brasil Participacoes Limitada

  

 1 

 6/2/2010 
  

			
	206	  	Babcock & Wilcox Egypt SAE
	169	  	Babcock & Wilcox Fibras Ceramicas Limitada
	519	  	Babcock & Wilcox Finance, Inc.
	557	  	Babcock & Wilcox Foreign Sales Corporation
	175	  	Babcock & Wilcox Gama Kazan Teknolojisi A.S.
	552	  	Babcock & Wilcox General Contracting Company
	565	  	Babcock & Wilcox Government Services Company
	395	  	Babcock & Wilcox HRSG Company
		  	Babcock & Wilcox Industries, Ltd.
	531	  	Babcock & Wilcox International Sales Corporation
	549	  	Babcock & Wilcox International Sales Corporation
	342	  	Babcock & Wilcox Investment Company
	305	  	Babcock & Wilcox Jonesboro Power, Inc.
	2007	  	Babcock & Wilcox Nevada, LLC
		  	Babcock & Wilcox Refractories Limited
	323	  	Babcock & Wilcox Salt City Power, Inc.
	543	  	Babcock & Wilcox Services, Inc.
	322	  	Babcock & Wilcox Tracy Power, Inc.
	314	  	Babcock & Wilcox Victorville Power, Inc.
	727	  	Babcock & Wilcox Volund France SAS
	315	  	Babcock PFBC, Inc.
	559	  	Babcock Southwest Construction Corporation
	945	  	Babcock-Brown Boveri Reaktor GmbH
	936	  	Babcock-Ultrapower Jonesboro
	937	  	Babcock-Ultrapower West Enfield
	951	  	Bailey Beijing Controls Co., Ltd.
	516	  	Bailey Controls Australia Pty. Limited
	517	  	Bailey Controls International Sales & Services Company, Inc.
	954	  	Bailey Controls Jordan for Process Controls Services, Ltd.
	563	  	Bailey Controls Sales & Service (Australia) Pty. Limited
	564	  	Bailey Controls Sales & Services Canada Inc.
	561	  	Bailey do Brasil Instrumentos Industriais Limitada
	114	  	Bailey International, Inc.
	923	  	Bailey Japan Company Limited
	542	  	Bailey Meter and Controls Company
		  	Bailey Meter Company
	562	  	Bailey Meter Co. (Japan) Ltd.

  

 2 

 6/2/2010 
  

			
		  	Bailey Meter Company Limited
		  	Bailey Meter GmbH
	646	  	Brick Insurance Company, Ltd.
	590	  	BWXT Protec, Inc.
		  	C.C. Moore & Company Engineers
	511	  	Ceramatec G.P., Inc.
	510	  	Ceramatec SOFC, Inc.
	329	  	Clarion Energy, Inc.
	328	  	Clarion Power Company
	321	  	Conam Nuclear, Inc.
		  	Control Components France
	514	  	Control Components Italy S.R.L.
		  	Control Components, Inc. (California)
		  	Control Components, Inc. (Delaware)
	948	  	Control Components Japan
	1914	  	CTR Solutions, LLC
	545	  	Detroit Broach & Machine Corporation
	551	  	Diamond Blower Company Limited
		  	Diamond Canapower Ltd.
	518	  	Diamond Power Importacao e Exportacao Ltda.
	144	  	Diamond Power Korea Inc.
	526	  	Diamond Power Specialty (Japan) Ltd.
	558	  	Diamond Power Specialty (Proprietary) Limited
	546	  	Diamond Power Specialty Corporation (Delaware)
		  	Diamond Power Speciality Corporation (Ohio)
	529	  	Diamond Power Specialty GmbH
		  	Diescher Tube Mills, Inc.
	332	  	Ebensburg Energy, Inc.
	397	  	Ejendomsaktieselskabet Falkevej2
	961	  	Enserch Environmental Management Company, Inc.
	968	  	EPC Business Trust
	919	  	Especialidades Termomecanicas, S.A. de C.V.
	550	  	Ferry-Diamond Engineering Company Limited
	928	  	Fibras Ceramicas C.A.
	509	  	Fibras Ceramicas, Inc.
	547	  	Globe Steel Tubes Corporation
		  	Greer Land Co.

  

 3 

 6/2/2010 
  

			
		  	Holmes Insulations Limited
	124	  	Hudson Heat Transfer International, Inc.
	1955	  	Hudson HEI Pty. Ltd.
	914	  	Hudson Northern Industries Inc.
	125	  	Hudson Products Aktiebolag
	567	  	Hudson Products Corporation (1)
	902	  	Hudson Products de Mexico, S.A. de C.V.
	1907	  	Integran Technologies Inc.
	461	  	International Disarmament Corporation
	941	  	Isolite Babcock Refractories Company, Ltd.
	927	  	Isolite Eastern Union Refractories Co., Ltd.
	920	  	KBW Gasification Systems, Inc.
	512	  	LT Produkter i Skutskar AB
	938	  	Maine Power Services
	345	  	McDermott Heat Transfer Company
	344	  	McDermott Productos Industriales de Mexico, S.A. de C.V.
	946	  	Medidores Bailey, S.A. de C.V.
	942	  	Morganite Ceramic Fibres Limited
	943	  	Morganite Ceramic Fibres Pty. Limited
	944	  	Morganite Ceramic Fibres S. A.
		  	National Drill & Manufacturing Co.
	544	  	National Ecology (Alabama) Incorporated
	575	  	National Ecology (Utah) Incorporated
	976	  	Nooter/Eriksen - Babcock & Wilcox, L.L.C.
	933	  	North American CWF Partnership
	9989	  	North Branch Power Company L.P.
	971	  	North County Operations Associates
		  	Nuclear Materials and Equipment Corporation
	958	  	Olin Pantex Inc.
	1153	  	P. T. Heat Exchangers Indonesia
	934	  	Palm Beach Energy Associates
		  	Piedmont Tool Machine Company
	576	  	Power Computing Company
	581	  	Power Systems Sunnyside Operations GP, Inc.
	583	  	Power Systems Sunnyside Operations LP, Inc.

  

	(1)	a Delaware Corporation 

  

 4 

 6/2/2010 
  

			
	905	  	PowerSafety International, Inc.
	508	  	Productos de Caolin, Inc.
	577	  	PSO Caribbean, Inc.
	1980	  	Savannah River Alliance LLC
	2008	  	Savannah River Tactical Services LLC
	984	  	SOFCo L.P.
	932	  	South Point CWF
	556	  	Sunland Construction Co., Inc.
	988	  	Sunnyside Cogeneration Associates
	582	  	Sunnyside II, Inc.
	992	  	Sunnyside II, L.P
	303	  	Sunnyside III, Inc.
	993	  	Sunnyside Operations Associates L.P.
	571	  	Termobloc Industria E Comercio Ltda.
	953	  	Thermax Babcock & Wilcox Limited
	502	  	TLT-Babcock, Inc.
	570	  	Triso
	1152	  	W.E. Smith Hudson Pty. Ltd.
	548	  	W. F. and John Barnes Company

  

 5 

 Draft 6/2/2010 

Schedule 1.1(c) 

B&W CURRENT 
  

					
	 Reference ID
	  	 Name
	  	  
	553	  	Americon Equipment Services, Inc.	  	
	554	  	Americon, Inc.	  	
	732	  	Applied Synergistics, Inc.	  	
	127	  	B&W de Panama, Inc.	  	
	532	  	Babcock & Wilcox Canada Ltd.	  	
	1570	  	Babcock & Wilcox China Holdings, Inc.	  	
	555	  	Babcock & Wilcox Construction Co., Inc.	  	
	2011	  	Babcock & Wilcox de Monterrey, S.A. de C.V.	  	
	1571	  	Babcock & Wilcox Denmark Holdings, Inc.	  	
	327	  	Babcock & Wilcox Ebensburg Power, Inc.	  	
	302	  	Babcock & Wilcox Equity Investments, Inc.	  	
	1965	  	Babcock & Wilcox Holdings, Inc.	  	
	2028	  	Babcock & Wilcox India Holdings, Inc.	  	
	598	  	Babcock & Wilcox India Private Limited	  	
	126	  	Babcock & Wilcox International Investments Co., Inc.	  	
	530	  	Babcock & Wilcox International Sales and Service Corporation	  	
	541	  	Babcock & Wilcox International, Inc.	  	
	380	  	Babcock & Wilcox Investment Company	  	
	2010	  	Babcock & Wilcox Modular Nuclear Energy LLC	  	
	1974	  	Babcock & Wilcox Nuclear Operations Group, Inc.	  	
	1967	  	Babcock & Wilcox Nuclear Energy, Inc.	  	(formerly Babcock & Wilcox Nuclear Power Generation Group, Inc.
	2018	  	Babcock & Wilcox Nuclear Services (U.K.) Limited	  	
	500	  	Babcock & Wilcox Power Generation Group, Inc.	  	
	1961	  	Babcock & Wilcox Technical Services (U.K.) Limited	  	
	1970	  	Babcock & Wilcox Technical Services Clinch River, LLC	  	
	572	  	Babcock & Wilcox Technical Services Group, Inc.	  	(formerly BWXT Services, Inc.)
	587	  	Babcock & Wilcox Technical Services Savannah River Company	  	(formerly BWXT Savannah River Company)
	599	  	Babcock & Wilcox Volund A/S	  	(formerly Babcock & Wilcox Volund ApS)
	2000	  	BCE Parts Ltd.	  	
	596	  	BWX Technologies, Inc.	  	
	580	  	BWXT Federal Services, Inc.	  	
	589	  	BWXT Hanford Company	  	
	382	  	BWXT of Idaho, Inc.	  	

  

 1 

 Draft 6/2/2010 
  

					
	592	  	BWXT of Ohio, Inc.	  	
	1576	  	BWXT Washington, Inc.	  	
	189	  	Creole Insurance Company, Ltd.	  	
	1988	  	Delta Power Services, LLC	  	
	766	  	Diamond Operating Co., Inc.	  	
	1572	  	Diamond Power Australia Holdings, Inc.	  	
	1984	  	Diamond Power Central & Eastern Europe s.r.o.	  	
	1573	  	Diamond Power China Holdings, Inc.	  	
	521	  	Diamond Power do Brasil Limitada	  	
	1574	  	Diamond Power Equity Investments, Inc.	  	
	525	  	Diamond Power Finland OY	  	
	504	  	Diamond Power Germany GmbH	  	(formerly Diamond Power - Sturm GmbH)
	597	  	Diamond Power International, Inc.	  	
	949	  	Diamond Power Machine (Hubei) Co., Inc.	  	
	1908	  	Diamond Power Services S.E.A. Ltd.	  	
	522	  	Diamond Power Specialty (Proprietary) Limited	  	
	523	  	Diamond Power Specialty Limited	  	
	524	  	Diamond Power Sweden AB	  	
	1990	  	DPS Berkeley, LLC	  	
	1997	  	DPS Cadillac, LLC	  	
	1995	  	DPS Florida, LLC	  	
	1993	  	DPS Gregory, LLC	  	
	1996	  	DPS Lowell Cogen, LLC	  	
	1992	  	DPS Mecklenburg, LLC	  	
	1991	  	DPS Michigan, LLC	  	
	1994	  	DPS Mojave, LLC	  	
	1998	  	DPS Sabine, LLC	  	
	278	  	Gumbo Insurance Company, Ltd.	  	
	2003	  	Intech International Inc.	  	
	2002	  	Intech, Inc.	  	
	2001	  	Ivey-Cooper Services, L.L.C.	  	
	1968	  	Marine Mechanical Corporation	  	
	540	  	National Ecology Company	  	
	2005	  	NFS Holdings, Inc.	  	
	2004	  	NOG-Erwin Holdings, Inc.	  	
	501	  	North County Recycling, Inc.	  	
	2006	  	Nuclear Fuel Services, Inc.	  	

  

 2 

 Draft 6/2/2010 
  

			
	1989	  	O&M Holding Company
	707	  	P. T. Babcock & Wilcox Asia
	534	  	Palm Beach Resource Recovery Corporation
	560	  	Power Systems Operations, Inc.
	568	  	Revloc Reclamation Service, Inc.
	2013	  	Servicios de Fabricacion de Valle Soleado, S.A. de C.V.
	2012	  	Servicios Profesionales de Valle Soleado, S.A. de C.V.
	767	  	SOFCo - EFS Holdings LLC
	2029	  	The Babcock & Wilcox Company

  

 3 

 EXHIBIT II – EXISTING INSURANCE AGREEMENTS 

See Attached. 

																	
	 Name of Agreement
	 	 Party to

Agreement
	 	 Party to

Agreement
	 	 Party to

Agreement
	 	 Party to

Agreement
	 	 Party to

Agreement
	 	Effective
Date 
of
Agreement	 	 	 	 
	 Workers Compensation Residual Market Assessments Deductible WC Programs
	 	 McDermott International, Inc.
	 	 CIGNA Insurance Company of Texas
	 		 		 		 	1992	 		 	tf
	 High Deductible Agreement
	 	 McDermott Incorporated
	 	 Insurance Company of North America
	 		 		 		 	4/1/1981	 		 	tf
	 High Deductible Agreement
	 	 McDermott International
	 	 Insurance Company of North America
	 		 		 		 	4/1/1985	 		 	tf
	 High Deductible Agreement
	 	 McDermott International
	 	 Insurance Company of North America
	 		 		 		 	4/1/1986	 		 	tf
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Insurance Company of North America
	 	 INA of Texas
	 		 		 	4/1/1987	 	 Auto & GL only
	 	tf
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Insurance Company of North America
	 		 		 		 	4/1/1988	 		 	tf
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Insurance Company of North America
	 		 		 		 	4/1/1989	 		 	tf
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Insurance Company of North America
	 		 		 		 	4/1/1990	 		 	tf
	 Cash Flow Deductible Workers’ Compensation Agreement
	 	 The Babcock & Wilcox Company
	 	 Insurance Company of North America
	 		 		 		 	4/1/1991	 		 	vm
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Insurance Company of North America
	 		 		 		 	4/1/1991	 		 	tf
	 Workers Compensation Deductible Funding Agreement
	 	 Babcock & Wilcox Company
	 	 CIGNA Insurance Company of Texas
	 	 Pacific Employers Insurance Company
	 		 		 	4/1/1992	 		 	cp
	 Agreement for Workers Compensation Residual market Assessments
	 	 Cigna Insurance Companyof Texas
	 	 Babcock & Wilson Company
	 	 Pacific Employers Insurance Company
	 		 		 	4/1/1992	 		 	cp
	 Workers Compensation Deductible Funding Agreement
	 	 McDermott International, Inc.
	 	 CIGNA Insurance Company of Texas
	 		 		 		 	4/1/1992	 		 	tf
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Insurance Company of North America
	 		 		 		 	4/1/1992	 	 XS, Auto & GL
	 	tf
	 Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 Pacific Employers Insurance Company
	 		 		 		 	4/1/1993	 		 	cp
	 Agreement for Workers Compensation Residual market Assessments Captive Program
	 	 Pacific Employers Insurance Company
	 	 Creole Insurance Company, Ltd
	 		 		 		 	4/1/1993	 		 	cp
	 Casualty Insurance Program Agreement
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 		 		 		 	4/1/1993	 		 	tf
	 Collateral Agreement
	 	 McDermott International, Inc.
	 	 Insurance Company of North America
	 		 		 		 	4/1/1993	 		 	tf
	 Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 Pacific Employers Insurance Company
	 		 		 		 	4/1/1994	 		 	cp
	 Agreement for Workers compensation Redidual Market Assessments Captive Program
	 	 Pacific Employers Insurance Company
	 	 Creole Insurance Company, Ltd
	 		 		 		 	4/1/1994	 		 	cp
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Insurance Company of North America
	 		 		 		 	4/1/1994	 		 	tf
	 Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 CIGNA Insurance Company
	 	 Bankers Standard Insurance Company
	 		 		 	4/1/1995	 		 	cp
	 Agreement Regarding Additional Premiums
	 	 McDermott International, Inc.
	 	 Creole Insurance Company, Limited
	 	 Bankers Standard Insurance Company
	 		 		 	4/1/1995	 		 	cp
	 Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 CIGNA Insurance Company
	 	 Bankers Standard Insurance Company
	 		 		 	4/1/1995	 		 	cp
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Indemnity Insurance Company of North America
	 		 		 		 	4/1/1995	 		 	tf
	 Addendum I Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 CIGNA Insurance Company
	 	 Bankers Standard Insurance Company
	 		 		 	4/1/1996	 		 	cp
	 Casualty Insurance Program Agreement
	 	 McDermott International, Inc.
	 	 Bankers Standard Insurance Company
	 		 		 		 	4/1/1996	 		 	tf
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Indemnity Insurance Company of North America
	 		 		 		 	4/1/1996	 		 	tf
	 Reinsurance Agreement
	 	 Honore Insurance Company Limited
	 	 CIGNA Insurance Company
	 		 		 		 	4/1/1997	 		 	cp
	 Reinsurance Agreement
	 	 Honore Insurance Company Limited
	 	 CIGNA Insurance Company of Canada
	 		 		 		 	4/1/1997	 		 	cp
	 Addendum III Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 CIGNA Insurance Company
	 	 Bankers Standard Insurance Company
	 	 Pacific Employers Insurance Company
	 		 	4/1/1997	 		 	cp
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Indemnity Insurance Company of North America
	 		 		 		 	4/1/1997	 		 	tf
	 Casualty Insurance Program Agreement
	 	 McDermott International, Inc.
	 	 Bankers Standard Insurance Company
	 		 		 		 	4/1/1997	 	 Addendum II to the 1996 agreement
	 	tf
	 Cash Flow Deductible Workers’ Compensation Program
	 	 McDermott International, Inc.
	 	 Hudson Companies
	 	 Bankers Standard Insurance Company
	 		 		 	4/1/1997	 		 	tf
	 Cash Flow High Deductible Program
	 	 McDermott International, Inc.
	 	 Indemnity Insurance Company of North America
	 		 		 		 	4/1/1997	 	 Auto & GL only
	 	tf
	 Specific Excess Workers’ Compensaiton & Employers’ Liability
	 	 McDermott International, Inc.
	 	 CIGNA Insurance Company
	 		 		 		 	4/1/1997	 		 	tf
	 Final Summary of Proposal
	 	 Aon Risk Services of Texas, Inc
	 	 Pacific Employers Ins/Bankers Standard Ins.
	 		 		 		 	4/1/1997	 	 Canadian Proposal included
	 	dc
	 Canadian Reinsurance Agreement
	 	 Honore Insuance Company Limited
	 	 CIGNA Insurance Company of Canada
	 		 		 		 	4/1/1997	 		 	dc
	 Addendum I - Canadian Reinsurance Agreement
	 	 Honore Insuance Company Limited
	 	 CIGNA Insurance Company of Canada
	 		 		 		 	4/1/1997	 		 	dc
	 Agreement Regarding Return Premiums
	 	 Babcock & Wilcox Company
	 	 Creole Insurance Company, Limited
	 	 CIGNA Insurance Company
	 	 Indemnity Insurance Company of North American
	 	 CIGNA Insurance Company of Canada
	 	7/28/1997	 		 	cp
	 Agreement Regarding Return Premiums
	 	 The Babcock & Wilcox Company
	 	 Creole Insurance Company, Limited
	 	 CIGNA Insurance Company
	 	 Indemnity Insurance Company of NA
	 	 CIGNA Insuarnce Company fo Canada
	 	7/28/1997	 		 	dc
	 Agreement
	 	 The Babcock & Wilcox Company
	 	 Pacific Employers Insurance Company
	 		 		 		 	4/1/1998	 		 	cp
	 Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 CIGNA Insurance Company of Texas
	 	 Pacific Employers Insurance Company
	 		 		 	4/1/1998	 		 	cp
	 Addendum I Reinsurance Agreement
	 	 Honore Insurance Company Ltd
	 	 CIGNA Insurance Company of Canada
	 		 		 		 	4/1/1998	 		 	cp
	 Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 CIGNA Insurance Company of Texas
	 	 Pacific Employers Insurance Company
	 		 		 	4/1/1998	 		 	cp
	 Casualty Insurance Program Agreement
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 	 CIGNA Insurance Company of Texas
	 		 		 	4/1/1998	 		 	tf
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 		 		 		 	4/1/1998	 		 	tf
	 Cash Flow Deductible Workers’ Compensation Program
	 	 AON Risk Services of Texas, Inc.
	 	 CIGNA Insurance Company of Texas
	 	 Pacific Employers Insurance Company
	 		 		 	4/1/1998	 		 	tf
	 Cash Flow High Deductible Program
	 	 AON Risk Services of Texas, Inc.
	 	 Insurance Company of North America
	 	 Pacific Employers Insurance Company
	 		 		 	4/1/1998	 	 Auto & GL only
	 	tf
	 Specific Excess Workers’ Compensaiton & Employers’ Liability
	 	 AON Risk Services of Texas, Inc.
	 	 CIGNA Insurance Company
	 		 		 		 	4/1/1998	 		 	tf
	 Assignment of Dividends
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 		 		 		 	4/1/1998	 		 	tf
	 TPA Agreement
	 	 The Babcock & Wilcox Company
	 	 Pacific Employers Insurance Co.
	 		 		 		 	4/1/1998	 		 	dc
	 Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 CIGNA Insurance Company of Texas
	 	 Pacific Employers Insurance Company
	 		 		 	4/1/1998	 		 	dc
	 Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 CIGNA Insurance Company of Texas
	 	 Pacific Employers Insurance Company
	 		 		 	4/1/1998	 		 	dc
	 Final Summary of Proposal
	 	 Aon Risk Services of Texas, Inc
	 	 Pacific Employers Insurance Co.
	 	 CIGNA Insurance Company
	 		 		 	4/1/1998	 	 Included: Cash Flow Ded. WC Program and Guaranteed Cost WC Program
	 	dc
	 Agreement
	 	 The Babcock & Wilcox Company
	 	 Pacific Employers Insurance Company
	 		 		 		 	4/1/1999	 		 	cp
	 Addendum I Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 Pacific Employers Insurance Company
	 	 ACE Insurance Company of Texas (formerly CIGNA Insurance company of Texas
	 		 		 	4/1/1999	 	 This Addendum is from 04/01/99 to 04/01/00
	 	cp
	 Addendum II Casualty Insurance Program Agreement
	 	 The Babcock & Wilcox Company
	 	 Pacific Employers Insurance Company
	 	 CIGNA Insurance Company of Texas
	 		 		 	4/1/1999	 	 This Addendum is from 04/01/99 to 01/01/00
	 	cp
	 Addendum II to Reinsurance Agreement
	 	 Cigna Insurance Companyof Canada
	 	 Honore Insurance Company Limited
	 		 		 		 	4/1/1999	 	 This Addendum is from 04/01/99 to 04/01/00
	 	cp
	 Addendum III to Reinsurance Agreeement
	 	 ACE INA Insurance (formely CIGNA Insurance Company of Canada
	 	 Honore Insurance Company Limited
	 		 		 		 	4/1/1999	 	 This Addendum is from 04/01/99 to 01/01/00
	 	cp
	 Multi-Line Deductible Cash Flow Insurance
	 	 AON Risk Services of Texas, Inc.
	 	 Pacific Employers Insurance Company
	 	 CIGNA Insurance Company
	 	 Insurance Company of North America
	 		 	4/1/1999	 		 	tf
	 High Deductible Agreement
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 		 		 		 	4/1/1999	 		 	tf
	 Casualty Insurance Program Agreement
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 	 CIGNA Insurance Company of Texas
	 		 		 	4/1/1999	 		 	tf
	 Casualty Insurance Program Agreement - Addendum II
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 	 ACE Insurance Company of Texas (formerly CIGNA)
	 		 		 	4/1/1999	 	 changing expiration to 01/01/00
	 	tf
	 Assignment of Dividends
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 	 Hudson Companies
	 		 		 	4/1/1999	 		 	tf
	 Combined Miult-Line Program Agreement
	 	 Pacific Employers Insurance Company
	 	 Babcock & Wilson Company
	 		 		 		 	1/1/2000	 		 	cp
	 Addendum IV Reinsurance Agreement
	 	 ACE INA Insurance
	 	 Honore Insurance Company Limited
	 		 		 		 	1/1/2000	 		 	cp
	 Combined Multi-Line Program Agreement
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 		 		 		 	1/1/2000	 	 Addendum I to the 2000 term
	 	tf
	 Assignment of Dividends
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 	 Hudson Companies
	 		 		 	1/1/2000	 		 	tf
	 Addendum II Combined Multi-line Program Agreement
	 	 Pacific Employers Insurance Company
	 	 Babcock & Wilson Company
	 		 		 		 	1/1/2001	 		 	cp
	 Addendum V to Resinsurance Agreement
	 	 ACE INA Insurance
	 	 Honore Insurance Company Limited
	 		 		 		 	1/1/2001	 		 	cp
	 Combined Multi-Line Program Agreement
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 		 		 		 	1/1/2001	 		 	tf
	 Addendum IV to Combined Multi-Line Program Agreement
	 	 Pacific Employers Insurance Company
	 	 Babcock & Wilson Company
	 		 		 		 	1/1/2002	 		 	cp

													
	 Addendum VI to Reinsurance Agreement
	 	 ACE INA Insurance
	 	 Pirogue Insurance Company, Ltd
	 		 		 	1/1/2002	 	cp
	 Addendum V to Combined Multi-Line Program Agreement
	 	 Babcock & Wilcox Company
	 	 ACE American Insurance Company
	 	 Pacific Employers Insurance Company
	 		 	1/1/2003	 	cp
	 Addendum VII to Reinsurance Agreement
	 	 ACE INA Insurance
	 	 Pirogue Insurance Company, Ltd
	 		 		 	1/1/2003	 	cp
	 Addendum VI to Combined multi-Line Program
	 	 Babcock & Wilcox Company
	 	 ACE American Insurance Company
	 	 Pacific Employers Insurance Company
	 	 ACE INA Insurance Company
	 	1/1/2004	 	cp
	 Addendum VII to Combined Multi-Line Program Agreement
	 	 Babcock & Wilcox Company
	 	 ACE American Insurance Company
	 	 ACE INA Insurance Company
	 		 	1/1/2005	 	cp
	 Addendum II to Combined Multi-Line Program Agreement
	 	 McDermott International, Inc.
	 	 Pacific Employers Insurance Company
	 		 		 	1/1/2002	 	vm
	 Addendum IV to Combined Multi-Line Program Agreement
	 	 McDermott International, Inc.
	 	 ACE American Insurance Company
	 	 Pacific Employers Insurance Company
	 		 	1/1/2003	 	vm
	 Addendum V to Combined Multi-Line Program Agreement
	 	 McDermott International, Inc.
	 	 ACE American Insurance Company
	 	 Pacific Employers Insurance Company
	 		 	1/1/2004	 	vm
	 Addendum VI to Combined Multi-Line Program Agreement
	 	 McDermott International, Inc.
	 	 ACE American Insurance Company
	 		 		 	1/1/2005	 	vm
	 Casualty Program Binder
	 	 The Babcock & Wilcox Company
	 	 ACE American Insurance Company
	 	 ACE INA Insurance
	 		 	1/1/2006	 	vm
	 Casualty Program Binder
	 	 The Babcock & Wilcox Company
	 	 ACE American Insurance Company
	 	 ACE INA Insurance
	 		 	1/1/2007	 	vm
	 Casualty Program Binder
	 	 The Babcock & Wilcox Company
	 	 ACE American Insurance Company
	 	 ACE INA Insurance
	 	 Indemnity Insurance Company of North America
	 	1/1/2008	 	vm
	 Casualty Program Proposal
	 	 The Babcock & Wilcox Company
	 	 ACE American Insurance Company
	 	 ACE INA Insurance
	 	 Indemnity Insurance Company of North America
	 	1/1/2009	 	vm
	 Casualty Program Proposal
	 	 The Babcock & Wilcox Company
	 	 ACE American Insurance Company
	 	 ACE INA Insurance
	 	 Indemnity Insurance Company of North America
	 	1/1/2010	 	vm
	 Casualty Program Binder
	 	 McDermott International, Inc.
	 	 ACE American Insurance Company
	 		 		 	1/1/2006	 	vm
	 Casualty Program Binder
	 	 McDermott International, Inc.
	 	 ACE American Insurance Company
	 		 		 	1/1/2007	 	vm
	 Casualty Program Binder
	 	 McDermott International, Inc.
	 	 ACE American Insurance Company
	 	 Indemnity Insurance Company of North America
	 		 	1/1/2008	 	vm
	 Casualty Program Proposal
	 	 McDermott International, Inc.
	 	 ACE American Insurance Company
	 	 Indemnity Insurance Company of North America
	 		 	1/1/2009	 	vm
	 Casualty Program Proposal
	 	 McDermott International, Inc.
	 	 ACE American Insurance Company
	 	 Indemnity Insurance Company of North America
	 		 	1/1/2010	 	vm

 EXHIBIT III – EXISTING POLICIES 

See Attached. 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	 Effective Date
	  	Expiration Date	  	 Policy Number
	  	 Named Insured
	  	 Type of Policy
(LOB)
	  	 Issuing Company

	4/1/1977	  	4/1/1978	  	XWC 6858	  	J. Ray McDermott & Co., Inc.	  	XWC	  	INA
	4/1/1980	  	4/1/1981	  	XCP 143599	  	J. Ray McDermott & Company - See attachment 205	  	XGL	  	INA
	4/1/1982	  	4/1/1983	  	GLP 829719	  	Babcock & Wilcox Company - See attachment 164	  	GL	  	INA
	4/1/1982	  	4/1/1985	  	XCP 014414	  	Intermountain Power Agency Department of Water & Power City of Los Angeles	  	XGL	  	INA
	4/1/1983	  	4/1/1984	  	RSC C20704202	  	Babcock & Wilcox Company - See attachment 168	  	WC	  	INA - TX
	4/1/1983	  	4/1/1984	  	RSC C20704226	  	Babcock & Wilcox Company - See attachment 178	  	WC	  	Pacific Employers
	4/1/1983	  	4/1/1984	  	SCA 5914	  	The Babcock & Wilcox Company - See attachment 176	  	Auto	  	INA - TX
	4/1/1984	  	4/1/1985	  	RSC C22890785	  	TLT Babcock, Inc., a Joint Venture	  	WC	  	Pacific Employers
	3/8/1985	  	3/8/1986	  	GLP G05111523	  	Babcock & Wilcox Company	  	GL	  	INA
	3/8/1985	  	9/12/1985	  	NWC X1939718A	  	MMC - McDermott - See attachment 137	  	WC	  	INA
	4/1/1985	  	4/1/1986	  	RSC C19396812	  	Babcock & Wilcox Company - See attachment 274	  	WC	  	Cigna
	4/1/1985	  	4/1/1986	  	XCP G05111730	  	Commonwealth Edison Company	  	XGL	  	INA
	4/1/1985	  	4/1/1986	  	XCP G0511326A	  	Intermountain Power Agency Department of Water & Power City of Los Angeles	  	GL	  	INA
	4/21/1985	  	5/2/1985	  	GLP G05111766	  	Chevron USA	  	GL	  	INA
	6/30/1985	  	7/10/1985	  	GLP G05112588	  	Chevron USA	  	GL	  	INA
	4/1/1986	  	4/1/1987	  	CPO G03518656	  	Babcock & Wilcox Company	  	GL	  	INA
	4/1/1986	  	4/1/1987	  	CPO G05114329	  	Babcock & Wilcox Company - See attachment 187	  	GL	  	INA

  

 Page 1 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1986	  	4/1/1987	  	CPO G05114329	  	Babcock & Wilcox Company - See attachment 203	  	GL	  	INA
	4/1/1986	  	4/1/1990	  	XCE G0519622A	  	McDermott International, Inc.	  	XGL	  	Cigna
	4/1/1986	  	4/1/1987	  	XCP G05114184	  	Arco Oil & Gas Company	  	XGL	  	INA
	4/1/1987	  	4/1/1988	  	CPO G05115401	  	Babcock & Wilcox Company - See attachment 50	  	XGL	  	INA
	4/1/1987	  	4/1/1988	  	CPO G05115620	  	Babcock & Wilcox Company - See attachment 51	  	GL	  	INA ILL
	4/1/1987	  	4/1/1988	  	CPO G05115632	  	Babcock & Wilcox Company - See attachment 52	  	GL	  	INA Ohio
	4/1/1987	  	4/1/1988	  	CPO G05115978	  	Babcock & Wilcox Company	  	GL	  	INA
	4/1/1987	  	4/1/1988	  	SCA 010999	  	The Babcock & Wilcox Company - See attachment 119	  	Auto	  	INA
	4/1/1987	  	4/1/1988	  	XCE G05115735	  	McDermott International, Inc.	  	XGL	  	Cigna
	4/1/1988	  	4/1/1989	  	HDO G0519393A	  	McDermott International, Inc.	  	GL	  	INA
	4/1/1988	  	4/1/1989	  	PLI 519745	  	McDermott International, Inc. - See attachment 209	  	GL	  	Alaska
	4/1/1988	  	4/1/1989	  	XSL G05194167	  	The Babcock & Wilcox Company - See attachment 49	  	XGL	  	INA
	4/1/1988	  	4/1/1989	  	XSL G05194179	  	The Babcock & Wilcox Company - See attachment 48	  	XGL	  	Cigna of Ohio
	4/1/1989	  	4/1/1990	  	CGO G05195792	  	Babcock & Wilcox Company - See attachment 79	  	GL	  	INA
	4/1/1989	  	4/1/1990	  	CPO G05195809	  	Babcock & Wilcox Company	  	GL	  	INA
	4/1/1989	  	4/1/1990	  	CPO G05195809	  	Babcock & Wilcox Company - See attachment 94	  	GL	  	INA
	4/1/1989	  	4/1/1990	  	HDC G05196218	  	McDermott International, Inc.	  	GL	  	INA
	4/1/1989	  	4/1/1990	  	HDO G05196206	  	McDermott International, Inc.	  	GL	  	INA
	4/1/1989	  	4/1/1990	  	ISA 582543	  	McDermott International, Inc. - See attachment 103	  	Auto	  	INA

  

 Page 2 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1989	  	4/1/1990	  	NWC C32916909	  	McDermott International, Inc. - See attachment 152	  	WC	  	INA
	4/1/1989	  	4/1/1990	  	PLI 519746	  	McDermott International, Inc. - See attachment 106	  	GL	  	Alaska
	4/1/1989	  	4/1/1990	  	RSC C22291312	  	B & W Fuel Company	  	WC	  	INA
	4/1/1989	  	4/1/1990	  	RSC C32916879	  	Babcock & Wilcox Company - See attachment 131	  	WC	  	Pacific Employers
	4/1/1989	  	4/1/1990	  	RSC C32916880	  	Babcock & Wilcox Company - See attachment 147	  	WC	  	Cigna
	4/1/1989	  	4/1/1990	  	RSC C32916892	  	Babcock & Wilcox Company - See attachment 132	  	WC	  	Cigna - ILL
	4/1/1989	  	4/1/1990	  	RSC C32916922	  	Babcock & Wilcox Company - See attachment 19	  	WC	  	Atlantic Employers
	4/1/1989	  	4/1/1990	  	SCA 012151	  	The Babcock & Wilcox Company - See attachment 158	  	Auto	  	INA
	4/1/1989	  	4/1/1990	  	SCA 012152	  	The Babcock & Wilcox Company - See attachment 84	  	GL	  	INA
	4/1/1989	  	4/1/1990	  	XSL G05195780	  	The Babcock & Wilcox Company - See acchment 35	  	XGL	  	INA
	4/1/1989	  	4/1/1990	  	XSL G05195780	  	The Babcock & Wilcox Company - See attachment 90	  	XGL	  	INA
	4/1/1989	  	4/1/1990	  	XSL G0519619A	  	McDermott International, Inc. - See attachment 99	  	XGL	  	INA
	4/1/1989	  	4/1/1990	  	XWC 11157	  	McDermott International, Inc.	  	XWC	  	Cigna
	9/17/1989	  	9/17/1990	  	CRL G0519698A	  	ASEA - Babcock PFBC Joint Venture	  	GL	  	INA
	4/1/1990	  	4/1/1991	  	CGO G0519751A	  	Babcock & Wilcox Company - See attachment 76	  	GL	  	INA
	4/1/1990	  	4/1/1991	  	CGO G0519751A	  	Babcock & Wilcox Company - See attachment 83	  	GL	  	INA

  

 Page 3 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1990	  	4/1/1991	  	CPO G05197521	  	Babcock & Wilcox Company - See attachment 54	  	GL	  	INA
	4/1/1990	  	4/1/1991	  	CPO G05197521	  	Babcock & Wilcox Company - See attachment 80	  	GL	  	INA
	4/1/1990	  	4/1/1991	  	CPO G05197521	  	Babcock & Wilcox Company - See attachment 80	  	GL	  	INA
	4/1/1990	  	4/1/1991	  	HDC G05197557	  	McDermott International, Inc.	  	GL	  	INA
	4/1/1990	  	4/1/1991	  	HDO G05197545	  	McDermott International, Inc.	  	GL	  	INA
	4/1/1990	  	4/1/1991	  	ISA 582563	  	McDermott International, Inc. - See attachment 111	  	Auto	  	INA
	4/1/1990	  	4/1/1991	  	NWC C22292341	  	McDermott International, Inc. - See attachment 136	  	WC	  	INA
	4/1/1990	  	4/1/1991	  	PLI 321018	  	McDermott International, Inc. - See attachment 107	  	GL	  	Alaska
	4/1/1990	  	4/1/1991	  	RSC C22292286	  	Babcock & Wilcox Company - See attachment 165	  	WC	  	Pacific Employers
	4/1/1990	  	4/1/1991	  	RSC C22292304	  	Babcock & Wilcox Company - See attachment 179	  	WC	  	Cigna - ILL
	4/1/1990	  	4/1/1991	  	RSC C22292316	  	Babcock & Wilcox Company - See attachment 188	  	WC	  	Atlantic Employers
	4/1/1990	  	4/1/1991	  	RSC C22292328	  	B & W Fuel Company	  	WC	  	INA
	4/1/1990	  	4/1/1991	  	RSC C22292730	  	Babcock & Wilcox Company	  	WC	  	INA
	4/1/1990	  	4/1/1991	  	RSC C2229362A	  	Babcock & Wilcox Company - See attachment 85	  	WC	  	California Union
	4/1/1990	  	4/1/1991	  	SCA 012197	  	The Babcock & Wilcox Company - See attachment 97	  	Auto	  	INA
	4/1/1990	  	4/1/1991	  	SCA 012198	  	The Babcock & Wilcox Company - See attachment 96	  	Auto	  	INA
	4/1/1990	  	4/1/1991	  	XCE G05197569	  	McDermott International, Inc. - See attachment 101	  	XGL	  	Cigna

  

 Page 4 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1990	  	4/1/1991	  	XSL G05197508	  	The Babcock & Wilcox Company - See attachment 92	  	XGL	  	INA
	4/1/1990	  	4/1/1991	  	XSL G05197533	  	McDermott International, Inc. - See attachment 115	  	XGL	  	INA
	4/1/1990	  	4/1/1991	  	XWC 011187	  	McDermott International, Inc. - See attachment 154	  	XWC	  	Cigna
	4/19/1990	  	4/1/1991	  	RSC C22292778	  	McDermott, Incorporated	  	WC	  	Cigna -TX
	9/12/1990	  	9/12/1991	  	CPO G13210755	  	Babcock & Wilcox Company Power Generation Group - See attachment 185	  	GL	  	INA
	4/1/1991	  	4/1/1992	  	CGO G13211061	  	Babcock & Wilcox Company - See attachment 75	  	GL	  	INA
	4/1/1991	  	4/1/1992	  	CGO G13211061	  	Babcock & Wilcox Company - See attachment 204	  	GL	  	INA
	4/1/1991	  	4/1/1992	  	CPO G13211073	  	Babcock & Wilcox Company - See attachment 39	  	GL	  	INA
	4/1/1991	  	4/1/1992	  	CPO G13211073	  	Babcock & Wilcox Company - See attachment 120	  	GL	  	INA
	4/1/1991	  	4/1/1992	  	HDC G13211103	  	McDermott International, Inc.	  	GL	  	INA
	4/1/1991	  	4/1/1992	  	HDO G13211097	  	McDermott International, Inc.	  	GL	  	INA
	4/1/1991	  	4/1/1992	  	ISA 582584	  	McDermott International, Inc. - See attachment 126	  	Auto	  	INA
	4/1/1991	  	4/1/1992	  	NWC C22293667	  	McDermott International, Inc. - See attachment 192	  	WC	  	INA
	4/1/1991	  	4/1/1992	  	PLI 321112	  	McDermott International, Inc. - See attachment 102	  	GL	  	Alaska
	4/1/1991	  	4/1/1992	  	RSC C2229354	  	Babcock & Wilcox Company - See attachment 133	  	WC	  	Pacific Employers
	4/1/1991	  	4/1/1992	  	RSC C22293564	  	Babcock & Wilcox Company - See attachment 199	  	WC	  	Atlantic Employers
	4/1/1991	  	4/1/1992	  	RSC C22293898	  	Babcock & Wilcox Company	  	WC	  	INA

  

 Page 5 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1991	  	4/1/1992	  	RSC C22293928	  	McDermott, Incorporated	  	WC	  	Cigna - TX
	4/1/1991	  	4/1/1992	  	SCA 012272	  	Babcock & Wilcox Company - See attachment 182	  	Auto	  	INA
	4/1/1991	  	4/1/1992	  	WLR C22293552	  	Babcock & Wilcox Company - See attachment 181	  	WC	  	Pacific Employers
	4/1/1991	  	4/1/1992	  	WLR C22293849	  	Babcock & Wilcox Company - See attachment 143	  	WC	  	Pacific Employers
	4/1/1991	  	4/1/1992	  	WLR C22293850	  	Babcock & Wilcox Company - See attachment 144	  	WC	  	Pacific Employers
	4/1/1991	  	4/1/1992	  	WLR C22293862	  	Babcock & Wilcox Company - See attachment 145	  	WC	  	Pacific Employers
	4/1/1991	  	4/1/1992	  	WLR C22293874	  	Babcock & Wilcox Company - See attachment 141	  	WC	  	Pacific Employers
	4/1/1991	  	4/1/1992	  	WLR C22293886	  	Babcock & Wilcox Company - See attachment 20	  	WC	  	Pacific Employers
	4/1/1991	  	4/1/1992	  	XCE G13211048	  	McDermott International, Inc. - See attachment 124	  	XGL	  	Cigna
	4/1/1991	  	4/1/1992	  	XSL G1321105A	  	The Babcock & Wilcox Company - See attachment 197	  	XGL	  	INA
	4/1/1991	  	4/1/1992	  	XSL G13211115	  	McDermott International, Inc. - See attachment 118	  	XGL	  	INA
	4/1/1991	  	4/1/1992	  	XWC 011230	  	McDermott International, Inc. - See attachment 134	  	XWC	  	Cigna
	4/1/1991	  	4/1/1992	  	XWC 011231	  	Babcock & Wilcox Company - See attachment 180	  	XWC	  	Cigna
	7/22/1991	  	7/22/1992	  	XCP G13211437	  	City of Lakeland, Florida Department of Electric & Water Utilities	  	XGL	  	INA
	8/24/1991	  	8/24/1992	  	OGL G1321153A	  	PowerSafety International, Inc.	  	GL	  	INA

  

 Page 6 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	9/12/1991	  	9/12/1992	  	CPO G13211541	  	Babcock & Wilcox Company Power Generation Group - See attachment 190	  	GL	  	INA
	4/1/1992	  	4/1/1993	  	CGO G13211887	  	Babcock & Wilcox Company - See attachment 41	  	GL	  	INA
	4/1/1992	  	4/1/1993	  	CPO G13211899	  	Babcock & Wilcox Company - See attachment 40	  	GL	  	INA
	4/1/1992	  	4/1/1993	  	CPO G13211899	  	Babcock & Wilcox Company - See attachment 87	  	GL	  	INA
	4/1/1992	  	4/1/1993	  	HDO G13211930	  	McDermott International, Inc.	  	GL	  	INA
	4/1/1992	  	4/1/1993	  	ISA 582609	  	McDermott International, Inc. - See attachment 122	  	Auto	  	INA
	4/1/1992	  	4/1/1993	  	NWC C38326296	  	McDermott International, Inc.	  	WC	  	INA
	4/1/1992	  	4/1/1993	  	PLI 321195	  	McDermott International, Inc. - See attachment 207	  	GL	  	Alaska
	4/1/1992	  	4/1/1993	  	RSC C38326259	  	Babcock & Wilcox Company - See attachment 171	  	WC	  	Pacific Employers
	4/1/1992	  	4/1/1993	  	RSC C38326351	  	Babcock & Wilcox Company	  	WC	  	INA
	4/1/1992	  	4/1/1993	  	WLR C38326260	  	Babcock & Wilcox Company - See attachment 186	  	WC	  	Pacific Employers
	4/1/1992	  	4/1/1993	  	WLR C38326338	  	Babcock & Wilcox Company - See attachment 174	  	WC	  	Cigna - TX
	4/1/1992	  	4/1/1993	  	WLR C38326363	  	McDermott, Incorporated	  	WC	  	Cigna
	4/1/1992	  	4/1/1993	  	XCP G13211991	  	Naheola Cogeneration Limited Partnership & Industrial Development Board	  	XGL	  	INA
	4/1/1992	  	4/1/1993	  	XSL G13211905	  	The Babcock & Wilcox Company - See attachment 71	  	XGL	  	INA
	4/1/1992	  	4/1/1993	  	XSL G13211966	  	McDermott International, Inc. - See attachment 117	  	XGL	  	INA

  

 Page 7 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1992	  	4/1/1993	  	XWC 011301	  	Babcock & Wilcox Company - See attachment 200	  	XWC	  	Cigna
	4/1/1992	  	4/1/1993	  	XWC 011302	  	McDermott International, Inc. - See attachment 149	  	XWC	  	Cigna
	4/1/1993	  	4/1/1994	  	CGO G13212612	  	Babcock & Wilcox Company - See attachment 73	  	GL	  	INA
	4/1/1993	  	4/1/1994	  	CGO G13212612	  	Babcock & Wilcox Company - See attachment 191	  	GL	  	INA
	4/1/1993	  	4/1/1994	  	CPO G13212600	  	Babcock & Wilcox Company - See attachment 36	  	GL	  	INA
	4/1/1993	  	4/1/1994	  	HDC G13212648	  	McDermott International, Inc.	  	GL	  	INA
	4/1/1993	  	4/1/1994	  	HDO G1321265A	  	McDermott International, Inc.	  	GL	  	INA
	4/1/1993	  	4/1/1994	  	ISA 711093	  	McDermott International, Inc. - See attachment 98	  	Auto	  	INA
	4/1/1993	  	4/1/1994	  	NWC C39770507	  	McDermott International, Inc. - See attachment 151	  	WC	  	INA
	4/1/1993	  	4/1/1994	  	PLI 321258	  	McDermott International, Inc. - See attachment 208	  	GL	  	INA
	4/1/1993	  	4/1/1994	  	RSC C36158621	  	Babcock & Wilcox Company	  	WC	  	INA
	4/1/1993	  	4/1/1994	  	RSC C39770489	  	Babcock & Wilcox Company - See attachment 160	  	WC	  	Pacific Employers
	4/1/1993	  	4/1/1994	  	SCA 012527	  	The Babcock & Wilcox Company - See attachment 184	  	Auto	  	INA
	4/1/1993	  	4/1/1994	  	SCA 012528	  	The Babcock & Wilcox Company - See attachment 195	  	Auto	  	INA
	4/1/1993	  	4/1/1994	  	WLR C39770490	  	Babcock & Wilcox Company - See attachment 162	  	WC	  	Pacific Employers
	4/1/1993	  	4/1/1994	  	WLR C39770532	  	McDermott, Incorporated	  	WC	  	Pacific Employers
	4/1/1993	  	4/1/1994	  	XCE G13212570	  	McDermott International, Inc. - See attachment 100	  	XGL	  	Cigna

  

 Page 8 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1993	  	4/1/1994	  	XCP G13212673	  	Naheola Cogeneration Limited Partnership & Industrial Development Board	  	GL	  	INA
	4/1/1993	  	4/1/1994	  	XSL G13212569	  	McDermott International, Inc. - See attachment 104	  	XGL	  	INA
	4/1/1993	  	4/1/1994	  	XSL G13212594	  	The Babcock & Wilcox Company - See attachment 72	  	XGL	  	INA
	4/1/1993	  	4/1/1994	  	XSL G13212594	  	Babcock & Wilcox Company - See attachment 166	  	XGL	  	INA
	4/1/1993	  	4/1/1994	  	XWC 011381	  	McDermott International, Inc. - See attachment 18	  	XWC	  	Cigna
	8/24/1993	  	8/24/1994	  	OGL G13212879	  	PowerSafety International, Inc.	  	GL	  	INA
	9/12/1993	  	9/13/1994	  	CPO G13212909	  	Babcock & Wilcox Company Power Generation Group - See attachment 89	  	GL	  	INA
	10/1/1993	  	4/1/1994	  	XSL G13212983	  	Hudson Companies - See attachment 183	  	XGL	  	INA
	4/1/1994	  	4/1/1995	  	CGO G13213215	  	Babcock & Wilcox Company - See attachment 38	  	GL	  	INA
	4/1/1994	  	4/1/1995	  	CGO G13213215	  	Babcock & Wilcox Company - See attachment 159	  	GL	  	INA
	4/1/1994	  	4/1/1995	  	CPO G13213203	  	Babcock & Wilcox Company - See attachment 37	  	GL	  	INA
	4/1/1994	  	4/1/1995	  	CPO G13213203	  	Babcock & Wilcox Company - See attachment 169	  	GL	  	INA
	4/1/1994	  	4/1/1995	  	HDC G1321315A	  	McDermott International, Inc.	  	GL	  	INA
	4/1/1994	  	4/1/1995	  	HDO G13213161	  	McDermott International, Inc.	  	GL	  	INA
	4/1/1994	  	4/1/1995	  	ISA 042894	  	McDermott International, Inc. - See attachment 112	  	Auto	  	INA
	4/1/1994	  	4/1/1995	  	NWC C4080951A	  	McDermott International, Inc. - See attachment 150	  	WC	  	INA

  

 Page 9 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1994	  	4/1/1995	  	PLI 321317	  	McDermott International, Inc. - See attachment 109	  	GL	  	INA
	4/1/1994	  	4/1/1995	  	RSC C40809016	  	Babcock & Wilcox Company	  	WC	  	INA
	4/1/1994	  	4/1/1995	  	RSC C40809491	  	Babcock & Wilcox Company - See attachment 172	  	WC	  	Pacific Employers
	4/1/1994	  	4/1/1995	  	RSC C40809521	  	McDermott, Incorporated	  	WC	  	Cigna - TX
	4/1/1994	  	4/1/1995	  	SCA 012556	  	The Babcock & Wilcox Company - See attachment 121	  	Auto	  	INA
	4/1/1994	  	4/1/1995	  	WLR C36160159	  	Babcock & Wilcox Company - See attachment 129	  	WC	  	Cigna - TX
	4/1/1994	  	4/1/1995	  	WLR C40809508	  	Babcock & Wilcox Company - See attachment 22	  	WC	  	Pacific Employers
	4/1/1994	  	4/1/1995	  	XCE G13213185	  	McDermott International, Inc. - See attachment 108	  	XGL	  	Cigna
	4/1/1994	  	4/1/1995	  	XSL G13213148	  	McDermott International, Inc. - See attachment 116	  	XGL	  	INA
	4/1/1994	  	4/1/1995	  	XSL G13213197	  	The Babcock & Wilcox Company - See attachment 44	  	XGL	  	INA
	4/1/1994	  	4/1/1995	  	XSL G13213197	  	Babcock & Wilcox Company - See attachment 170	  	XGL	  	INA
	4/1/1994	  	4/1/1995	  	XSL G13213227	  	Hudson Companies - See attachment 43	  	XGL	  	INA
	4/1/1994	  	4/1/1995	  	XSL G13213227	  	Hudson Companies - See attachment 86	  	XGL	  	INA
	4/1/1994	  	4/1/1995	  	XWC 011467	  	McDermott International, Inc. - See attachment 153	  	XWC	  	Cigna
	8/24/1994	  	8/24/1995	  	OGL G13213410	  	PowerSafety International, Inc.	  	GL	  	INA
	9/12/1994	  	9/12/1995	  	CPO G13213380	  	Babcock & Wilcox Company Power Generation Group - See attachment 167	  	GL	  	INA

  

 Page 10 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1995	  	4/1/1996	  	CGO G13213720	  	Babcock & Wilcox Company - See attachment 74	  	GL	  	INA
	4/1/1995	  	4/1/1996	  	CPO G13213719	  	Babcock & Wilcox Company	  	GL	  	IND
	4/1/1995	  	4/1/1996	  	HDC G13213756	  	McDermott International, Inc.	  	GL	  	IND
	4/1/1995	  	4/1/1996	  	HDO G13213744	  	McDermott International, Inc.	  	GL	  	IND
	4/1/1995	  	4/1/1996	  	ISA 042936	  	McDermott International, Inc. - See attachment 125	  	Auto	  	IND
	4/1/1995	  	4/1/1996	  	NWC C3616248A	  	Babcock & Wilcox Construction Co. - See attachment 173	  	WC	  	Cigna
	4/1/1995	  	4/1/1996	  	PLI 321380	  	McDermott International, Inc. - See attachment 127	  	GL	  	IND
	4/1/1995	  	4/1/1996	  	RSC C36162028	  	Babcock & Wilcox Company - See attachment 189	  	WC	  	Cigna
	4/1/1995	  	4/1/1996	  	RSC C36162041	  	McDermott International, Inc. - See attachment 17	  	WC	  	Bankers Standard
	4/1/1995	  	4/1/1996	  	RSC C36162053	  	Hudson Companies	  	WC	  	Bankers Standard
	4/1/1995	  	4/1/1996	  	RSC C3616234A	  	Babcock & Wilcox Company	  	WC	  	Cigna
	4/1/1995	  	4/1/1996	  	WLR C36161991	  	Babcock & Wilcox Company - See attachment 148	  	WC	  	Cigna
	4/1/1995	  	4/1/1996	  	WLR C36162004	  	Babcock & Wilcox Company - See attachment 194	  	WC	  	Bankers Standard
	4/1/1995	  	4/1/1996	  	WLR C36162016	  	Babcock & Wilcox Company - See attachment 196	  	WC	  	Cigna
	4/1/1995	  	4/1/1996	  	XCE G13213768	  	McDermott International, Inc. - See attachment 114	  	XGL	  	IND
	4/1/1995	  	4/1/1996	  	XSL G13213707	  	The Babcock & Wilcox Company - See attachment 45	  	XGL	  	IND
	4/1/1995	  	4/1/1996	  	XSL G13213707	  	The Babcock & Wilcox Company - See attachment 91	  	XGL	  	IND
	4/1/1995	  	4/1/1996	  	XSL G13213732	  	McDermott International, Inc. - See attachment 110	  	XGL	  	IND

  

 Page 11 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1995	  	4/1/1996	  	XSL G13213793	  	Hudson Companies - See attachment 88	  	XGL	  	IND
	4/1/1995	  	4/1/1996	  	XWC 011541	  	McDermott International, Inc. - See attachment 138	  	XWC	  	Cigna
	8/24/1995	  	8/24/1996	  	CAL H06353149	  	Deep Oil Technology, Inc.	  	Auto	  	IND
	8/24/1995	  	8/24/1996	  	NWC C41224319	  	Deep Oil Technology, Inc.	  	WC	  	Cigna
	8/24/1995	  	8/24/1996	  	OGL G14232096	  	Deep Oil Technology, Inc.	  	GL	  	IND
	4/1/1996	  	4/1/1997	  	CGO G18967431	  	Babcock & Wilcox Company - See attachment 77	  	GL	  	IND
	4/1/1996	  	4/1/1997	  	CPO G18968599	  	Babcock & Wilcox Company - See attachment 46	  	GL	  	IND
	4/1/1996	  	4/1/1997	  	CPO G18968599	  	Babcock & Wilcox Company - See attachment 82	  	GL	  	IND
	4/1/1996	  	4/1/1997	  	HDC G18967157	  	McDermott International, Inc.	  	GL	  	IND
	4/1/1996	  	4/1/1997	  	HDO G18967078	  	McDermott International, Inc.	  	GL	  	IND
	4/1/1996	  	4/1/1997	  	ISA H07131616	  	McDermott International, Inc. - See attachment 113	  	Auto	  	IND
	4/1/1996	  	4/1/1997	  	PLI G19067236	  	McDermott International, Inc. - See attachment 105	  	GL	  	IND
	4/1/1996	  	4/1/1997	  	RSC C2733278A	  	Babcock & Wilcox Company - See attachment 142	  	WC	  	Cigna
	4/1/1996	  	4/1/1997	  	RSC C4206726A	  	Babcock & Wilcox Company	  	WC	  	Cigna
	4/1/1996	  	4/1/1997	  	SCA 012575	  	The Babcock & Wilcox Company - See attachment 93	  	Auto	  	IND
	4/1/1996	  	4/1/1997	  	WLR C27332080	  	Babcock & Wilcox Company - See attachment 201	  	WC	  	Cigna
	4/1/1996	  	4/1/1997	  	WLR C27332742	  	McDermott International, Inc. - See attachment 155	  	WC	  	Bankers Standard
	4/1/1996	  	4/1/1997	  	WLR C27332766	  	Hudson Companies	  	WC	  	Bankers Standard
	4/1/1996	  	4/1/1997	  	WLR C27332778	  	Babcock & Wilcox Company - See attachment 140	  	WC	  	Bankers Standard

  

 Page 12 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1996	  	4/1/1997	  	WLR C27332808	  	Babcock & Wilcox Company - See attachment 146	  	WC	  	Cigna
	4/1/1996	  	4/1/1997	  	XSL G18967911	  	Babcock & Wilcox Company - See attachment 78	  	GL	  	INA
	4/1/1996	  	4/1/1997	  	XSL G1896823A	  	Hudson Companies - See attachment 55	  	XGL	  	IND
	4/1/1996	  	4/1/1997	  	XSL G18968277	  	McDermott International, Inc. - See attachment 123	  	XGL	  	IND
	4/1/1996	  	4/1/1997	  	XWC 011614	  	McDermott International, Inc. - See attachment 135	  	XWC	  	Cigna
	8/24/1996	  	8/24/1997	  	CAL H07132001	  	Deep Oil Technology, Inc.	  	Auto	  	INA
	8/24/1996	  	8/24/1997	  	NWC C42181018	  	Deep Oil Technology, Inc.	  	WC	  	INA
	8/24/1996	  	8/24/1997	  	OGL G18967364	  	Deep Oil Technology, Inc.	  	GL	  	INA
	4/1/1997	  	4/1/1998	  	RSC C42109484	  	Babcock & Wilcox Company - See attachment 21	  	WC	  	Pacific Employers
	4/1/1997	  	4/1/1998	  	RSC C42109502	  	Babcock & Wilcox Company	  	WC	  	Cigna
	4/1/1997	  	4/1/1998	  	WLR C42109460	  	Babcock & Wilcox Company - See attachment 128	  	WC	  	Pacific Employers
	4/1/1997	  	4/1/1998	  	WLR C42109472	  	Babcock & Wilcox Company - See attachment 193	  	WC	  	Bankers Standard
	4/1/1997	  	4/1/1998	  	WLR C42109496	  	Babcock & Wilcox Company - See attachment 81	  	WC	  	Pacific Employers
	4/1/1997	  	4/1/1998	  	WLR C42109514	  	Hudson Companies	  	WC	  	Bankers Standard
	4/1/1997	  	4/1/1998	  	WLR C42109526	  	McDermott International, Inc. - See attachment 156	  	WC	  	Bankers Standard
	8/24/1997	  	8/24/1998	  	CAL H07322574	  	Deep Oil Technology, Inc.	  	Auto	  	INA
	8/24/1997	  	8/24/1998	  	NWC C42425497	  	Deep Oil Technology, Inc.	  	WC	  	INA
	8/24/1997	  	8/24/1998	  	OGL G19326792	  	Deep Oil Technology, Inc.	  	GL	  	INA

  

 Page 13 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	12/18/1997	  	12/18/1998	  	OGL G1965722A	  	Monmouth Couty Materials Processing & Recovery Facility; National Ecology Company & The Babcock and Wilcox Company - See attachment 157	  	GL	  	IND
	4/1/1998	  	4/1/1999	  	HDC G19657280	  	Babcock & Wilcox Company - See attachment 61	  	GL	  	Pacific Employers
	4/1/1998	  	4/1/1999	  	HDC G19657334	  	McDermott International, Inc - See attachment 267	  	GL	  	Pacific Employers
	4/1/1998	  	4/1/1999	  	HDO G19657322	  	McDermott International, Inc - See attachment 265	  	GL	  	Pacific Employers
	4/1/1998	  	4/1/1999	  	HDO G219657292	  	Babcock & Wilcox Company - See attachment 60	  	GL	  	Pacific Employers
	4/1/1998	  	4/1/1999	  	ISA H07323360	  	The Babcock & Wilcox Company - See attachment 57	  	Auto	  	Pacific Employers
	4/1/1998	  	4/1/1999	  	ISA H07323372	  	McDermott International, Inc - See attachment 268	  	Auto	  	Pacific Employers
	4/1/1998	  	4/1/1999	  	PLI G19657346	  	McDermott International, Inc. - See attachment 59	  	GL	  	INA
	4/1/1998	  	4/1/1999	  	PWC C42460187	  	Babcock & Wilcox Company - See attachment 163	  	WC	  	Pacific Employers
	4/1/1998	  	4/1/1999	  	WLR C42460151	  	Babcock & Wilcox Company - See attachment 130	  	WC	  	Pacific Employers
	4/1/1998	  	4/1/1999	  	WLR C42460163	  	Babcock & Wilcox Company - See attachment 177	  	WC	  	Pacific Employers
	4/1/1998	  	4/1/1999	  	WLR C42460175	  	Babcock & Wilcox Company - See attachment 175	  	WC	  	Cigna - TX
	4/1/1998	  	4/1/1999	  	WLR C42460199	  	McDermott International, Inc. - See attachment 139	  	WC	  	INA
	4/1/1998	  	4/1/1999	  	WLR C42460205	  	Hudson Companies	  	WC	  	Cigna - TX

  

 Page 14 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1998	  	4/1/1999	  	XSL G19657279	  	The Babcock & Wilcox Company - See attachment 62	  	XGL	  	Pacific Employers
	4/1/1998	  	4/1/1999	  	XSL G19657309	  	Hudson Companies - See attachment 47	  	XGL	  	Pacific Employers
	4/1/1998	  	4/1/1999	  	XSL G19657309	  	Hudson Companies - See attachment 58	  	XGL	  	Pacific Employers
	4/1/1998	  	4/1/1999	  	XSL G19657310	  	McDermott International, Inc - See attachment 264	  	XGL	  	Pacific Employers
	4/1/1998	  	4/1/1999	  	XWC 011786	  	McDermott International, Inc - See attachment 266	  	XWC	  	Cigna
	8/24/1998	  	8/24/1999	  	CAL H07406794	  	Deep Oil Technology, Inc.	  	Auto	  	Cigna
	8/24/1998	  	8/24/1999	  	OGL G19657905	  	Deep Oil Technology, Inc.	  	GL	  	Cigna
	10/1/1998	  	10/1/2001	  	XOO G19658193	  	State Line Energy, LLC	  	XGL	  	Cigna
	12/18/1998	  	12/18/1999	  	CAL H07407385	  	National Ecology Company - See attachment 161	  	Auto	  	Cigna
	12/18/1998	  	12/18/1999	  	OGL G19327024	  	National Ecology Company, Power Systems Operations, Inc. and The Babcock & Wilcox Company and Monmouth County Materials Processing and Recovery Facility	  	GL	  	Cigna
	4/1/1999	  	1/1/2000	  	HDC G19657280	  	Babcock & Wilcox Company - See attachment 61	  	GL	  	Pacific Employers
	4/1/1999	  	1/1/2000	  	HDO G219657292	  	Babcock & Wilcox Company - See attachment 60	  	GL	  	Pacific Employers
	4/1/1999	  	1/1/2000	  	PLI G19657346	  	McDermott International, Inc. - See attachment 59	  	GL	  	INA
	4/1/1999	  	4/1/2000	  	PWC C42643890	  	Babcock & Wilcox Company – See attachment 2	  	WC	  	Pacific Employers
	4/1/1999	  	4/1/2000	  	PWC C42643890	  	Babcock & Wilcox Company - See attachment 25	  	WC	  	Pacific Employers

  

 Page 15 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	4/1/1999	  	4/1/2000	  	WLR C42643877	  	McDermott International, Inc - See attachment 263	  	WC	  	Pacific Employers
	4/1/1999	  	4/1/2000	  	WLR C42643889	  	Hudson Companies - See attachment 262	  	WC	  	Pacific Employers
	4/1/1999	  	4/1/2000	  	WLR C42643907	  	Babcock & Wilcox Company - See attachment 1	  	WC	  	Pacific Employers
	4/1/1999	  	1/1/2000	  	XSL G19657279	  	The Babcock & Wilcox Company - See attachment 62	  	XGL	  	Pacific Employers
	4/1/1999	  	1/1/2000	  	XSL G19657309	  	Hudson Companies - See attachment 58	  	XGL	  	Pacific Employers
	8/24/1999	  	8/24/2000	  	CAL H0767823A	  	Deep Oil Technology, Inc.	  	Auto	  	Cigna
	8/24/1999	  	8/24/2000	  	NWC C42645254	  	Deep Oil Technology, Inc.	  	WC	  	Cigna
	8/24/1999	  	8/24/2000	  	OGL G1989521A	  	Deep Oil Technology, Inc.	  	GL	  	Cigna
	12/18/1999	  	12/18/2000	  	CAL H07678903	  	National Ecology Company - See attachment 272	  	AL	  	Pacific Employers
	12/18/1999	  	12/18/2000	  	CUA-104533-0	  	National Ecology Company - See attachment 271	  	Umb	  	Westchester Fire Ins Co
	12/18/1999	  	12/18/2000	  	OGL G19895993	  	National Ecology Company - See attachment 270	  	GL	  	Pacific Employers
	1/1/2000	  	1/1/2001	  	HDC G19657280	  	Babcock & Wilcox Company - See attachment 61	  	GL	  	Pacific Employers
	1/1/2000	  	1/1/2001	  	HDO G219657292	  	Babcock & Wilcox Company - See attachment 60	  	GL	  	Pacific Employers
	1/1/2000	  	1/1/2001	  	PLI G19657346	  	McDermott International, Inc. - See attachment 59	  	GL	  	INA
	1/1/2000	  	1/1/2001	  	PWC C42645618	  	Babcock & Wilcox Company - See attachment 13	  	WC	  	Pacific Employers
	1/1/2000	  	1/1/2001	  	WLR C4264562A	  	McDermott International, Inc. - See attachment 69	  	WC	  	Pacific Employers
	1/1/2000	  	1/1/2001	  	WLR C42645631	  	Hudson Companies	  	WC	  	Pacific Employers

  

 Page 16 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	1/1/2000	  	1/1/2001	  	WLR C42645643	  	Babcock & Wilcox Company - See attachment 12	  	WC	  	Pacific Employers
	1/1/2000	  	1/1/2001	  	XOO G20292817	  	Mid American Energy Company	  	XGL	  	Pacific Employers
	1/1/2000	  	1/1/2001	  	XSL G19657279	  	The Babcock & Wilcox Company - See attachment 62	  	XGL	  	Pacific Employers
	1/1/2000	  	1/1/2001	  	XSL G19657309	  	Hudson Companies - See attachment 58	  	XGL	  	Pacific Employers
	12/11/2000	  	6/1/2001	  	XLG G20295624	  	NRG El Segundo Operations Inc.	  	XGL	  	AAI
	12/18/2000	  	12/18/2001	  	HDO G20295715	  	National Ecology Company - See attachment 269	  	GL	  	Pacific Employers
	12/18/2000	  	12/18/2001	  	ISA H07668016	  	National Ecology Company - See attachment 210	  	Auto	  	Pacific Employers
	12/18/2000	  	7/31/2001	  	XLG G20295661	  	NRG Cabrillo Power I	  	XGL	  	AAI
	1/1/2001	  	1/1/2002	  	HDC G19657280	  	Babcock & Wilcox Company - See attachment 61	  	GL	  	Pacific Employers
	1/1/2001	  	1/1/2002	  	HDO G219657292	  	Babcock & Wilcox Company - See attachment 60	  	GL	  	Pacific Employers
	1/1/2001	  	1/1/2002	  	PLI G19657346	  	McDermott International, Inc. - See attachment 59	  	GL	  	INA
	1/1/2001	  	1/1/2002	  	SCF C43139988	  	Babcock & Wilcox Company - See attachment 11	  	WC	  	Pacific Employers
	1/1/2001	  	1/1/2002	  	WLR C43139940	  	Babcock & Wilcox Company - See attachment 10	  	WC	  	Pacific Employers
	1/1/2001	  	1/1/2002	  	WLR C43140024	  	McDermott International, Inc. - See attachment 277	  	WC	  	Pacific Employers
	1/1/2001	  	1/1/2002	  	WLR C43140061	  	Hudson Companies	  	WC	  	Pacific Employers
	1/1/2001	  	1/1/2002	  	XOO G20292817	  	Mid American Energy Company	  	XGL	  	Pacific Employers
	1/1/2001	  	1/1/2002	  	XSL G19657279	  	The Babcock & Wilcox Company - See attachment 62	  	XGL	  	Pacific Employers
	1/1/2001	  	1/1/2002	  	XSL G19657309	  	Hudson Companies - See attachment 58	  	XGL	  	Pacific Employers

  

 Page 17 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	7/2/2001	  	12/31/2001	  	XLG G20298017	  	Mirant Delta LLC	  	XGL	  	AAI
	7/31/2001	  	3/31/2002	  	XLG G20295661	  	NRG Cabrillo Power I	  	XGL	  	AAI
	12/18/2001	  	12/18/2002	  	HDO G20298431	  	National Ecology Company - See attachment 276	  	GL	  	Pacific Employers
	12/18/2001	  	12/18/2002	  	ISA H0766946A	  	National Ecology Company - See attachment 275	  	AL	  	Pacific Employers
	1/1/2002	  	1/1/2003	  	HDC G19657280	  	Babcock & Wilcox Company - See attachment 61	  	GL	  	Pacific Employers
	1/1/2002	  	1/1/2003	  	HDO G219657292	  	Babcock & Wilcox Company - See attachment 60	  	GL	  	Pacific Employers
	1/1/2002	  	1/1/2003	  	PLI G19657346	  	McDermott International, Inc. - See attachment 59	  	GL	  	INA
	1/1/2002	  	1/1/2003	  	SCF C43100075	  	Babcock & Wilcox Company - See attachment 27	  	WC	  	Pacific Employers
	1/1/2002	  	1/1/2003	  	WLR C43099991	  	McDermott International, Inc. - See attachment 16	  	WC	  	Pacific Employers
	1/1/2002	  	1/1/2003	  	XSL G19657279	  	The Babcock & Wilcox Company - See attachment 62	  	XGL	  	Pacific Employers
	1/1/2002	  	1/1/2003	  	XSL G19657309	  	Hudson Companies - See attachment 58	  	XGL	  	Pacific Employers
	1/1/2002	  	1/1/2003	  	XWC 014129	  	McDermott International, Inc. - See attachment 56	  	XWC	  	AAI
	3/31/2002	  	4/30/2002	  	XLG G20295661	  	NRG Cabrillo Power I	  	XGL	  	AAI
	10/1/2002	  	1/1/2003	  	XLG G20580161	  	Mid American Energy Company	  	XGL	  	AAI
	12/18/2002	  	12/18/2003	  	HDO G2030442A	  	National Ecology Company - See attachment 273	  	GL	  	AAI
	12/18/2002	  	12/18/2003	  	ISA H07669884	  	National Ecology Company - See attachment 268	  	AL	  	AAI
	1/1/2003	  	1/1/2004	  	HDC G20580033	  	McDermott International, Inc.	  	GL	  	AAI
	1/1/2003	  	1/1/2004	  	HDC G20580124	  	Babcock & Wilocx Company - See attachment 31	  	GL	  	AAI

  

 Page 18 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	1/1/2003	  	1/1/2004	  	HDO G20579997	  	Babcock & Wilcox Company - See attachment 42	  	GL	  	AAI
	1/1/2003	  	1/1/2004	  	HDO G20580070	  	McDermott International, Inc.	  	GL	  	AAI
	1/1/2003	  	1/1/2004	  	ISA H07670023	  	McDermott International, Inc. - See attachment 34	  	Auto	  	AAI
	1/1/2003	  	1/1/2004	  	ISA H07670060	  	The Babcock & Wilcox Company - See attachment 30	  	Auto	  	AAI
	1/1/2003	  	1/1/2004	  	PLI G20580112	  	McDermott International, Inc. - See attachment 33	  	GL	  	AAI
	1/1/2003	  	1/1/2004	  	SCF C43497194	  	Babcock & Wilcox Company - See attachment 24	  	WC	  	AAI
	1/1/2003	  	1/1/2004	  	WLR C43497157	  	Babcock & Wilcox Company - See attachment 23	  	WC	  	AAI
	1/1/2003	  	1/1/2004	  	WLR C43497169	  	McDermott International, Inc. - See attachment 70	  	WC	  	AAI
	1/1/2003	  	1/1/2004	  	XSL G20579559	  	McDermott International, Inc. - See attachment 32	  	XGL	  	AAI
	1/1/2003	  	1/1/2004	  	XSL G20580045	  	The Babcock & Wilcox Company - See attachment 29	  	XGL	  	AAI
	2/1/2003	  	12/17/2003	  	OCP G20304479	  	Pasadena ISD	  	GL	  	AAI
	3/1/2003	  	3/1/2004	  	XLG G20579511	  	Reliant Energy	  	XGL	  	AAI
	12/17/2003	  	12/17/2004	  	OCP G20304479	  	Pasadena ISD	  	GL	  	AAI
	12/18/2003	  	12/18/2004	  	HDO G2030442A	  	National Ecology Company - See attachment 273	  	GL	  	AAI
	12/18/2003	  	12/18/2004	  	ISA H07669884	  	National Ecology Company - See attachment 268	  	AL	  	AAI
	1/1/2004	  	1/1/2005	  	HDC G20300140	  	Babcock & Wilcox Company - See attachment 66	  	GL	  	AAI
	1/1/2004	  	1/1/2005	  	HDO G20300103	  	Babcock & Wilcox Company - See attachment 64	  	GL	  	AAI

  

 Page 19 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	1/1/2004	  	1/1/2005	  	ISA H07670485	  	The Babcock & Wilcox Company - See acchment 63	  	Auto	  	AAI
	1/1/2004	  	1/1/2005	  	SCF C43966169	  	Babcock & Wilcox Company - See attachment 14	  	WC	  	AAI
	1/1/2004	  	1/1/2005	  	WLR C43966157	  	Babcock & Wilcox Company - See attachment 15	  	WC	  	AAI
	1/1/2004	  	1/1/2005	  	WLR C43966303	  	McDermott International, Inc. - See attachment 211	  	WC	  	AAI
	1/1/2004	  	1/1/2005	  	XSL G20300061	  	The Babcock & Wilcox Company - See attachment 65	  	XGL	  	AAI
	2/1/2004	  	2/1/2005	  	WCU 014570	  	Babcock and Wilcox Investment Company	  	XWC	  	AAI
	12/17/2004	  	12/17/2005	  	OCP G20304479	  	Pasadena ISD	  	GL	  	AAI
	12/18/2004	  	12/18/2005	  	HDO G2030442A	  	National Ecology Company - See attachment 273	  	GL	  	AAI
	12/18/2004	  	12/18/2005	  	ISA H07669884	  	National Ecology Company - See attachment 268	  	AL	  	AAI
	1/1/2005	  	1/1/2006	  	SCF C4396494A	  	Babcock & Wilcox Company - See attachment 67	  	WC	  	AAI
	1/1/2005	  	1/1/2006	  	WLR C43988761	  	Babcock & Wilcox Company - See attachment 68	  	WC	  	AAI
	1/1/2005	  	1/1/2006	  	WLR C43988840	  	McDermott International, Inc	  	WC	  	AAI
	9/19/2005	  	12/18/2005	  	XSL G20299721	  	American Electric Power Service Corp	  	XGL	  	AAI
	9/19/2005	  	12/18/2005	  	XSL G20299769	  	American Electric Power Service Corp	  	XGL	  	AAI
	12/17/2005	  	12/17/2006	  	OCP G20304479	  	Pasadena ISD	  	GL	  	AAI
	12/18/2005	  	12/18/2009	  	HDO G21703618R	  	National Ecology Company	  	GL	  	AAI
	1/1/2006	  	1/1/2007	  	HDC G21728007	  	Babcock & Wilcox Company - See attachment 217	  	GL	  	AAI

  

 Page 20 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	1/1/2006	  	1/1/2007	  	HDC G21728032	  	 McDermott International, Inc.- See

attachment 238
	  	GL	  	AAI
	1/1/2006	  	1/1/2007	  	HDO G21727994	  	Babcock & Wilcox Company - See attachment 215	  	GL	  	AAI
	1/1/2006	  	1/1/2007	  	HDO G21728020	  	McDermott International, Inc.	  	GL	  	AAI
	1/1/2006	  	1/1/2007	  	ISA H07670965	  	McDermott International, Inc - See attachment 240	  	Auto	  	AAI
	1/1/2006	  	1/1/2007	  	ISA H07670977	  	Babcock & Wilcox Company - See attachment 214	  	Auto	  	AAI
	1/1/2006	  	1/1/2007	  	PLI G21728044	  	McDermott International, Inc. See attachment 239	  	GL	  	Illinois Union Insurance Company
	1/1/2006	  	1/1/2007	  	SCF C44185520	  	Babcock & Wilcox Company - See attachment 5	  	WC	  	AAI
	1/1/2006	  	1/1/2007	  	WCU C44185544	  	McDermott International, Inc. - See attachment 212	  	XWC	  	AAI
	1/1/2006	  	1/1/2007	  	WLR C44185532	  	Babcock & Wilcox Company - See attachment 3	  	WC	  	AAI
	1/1/2006	  	1/1/2007	  	WLR C44185556	  	McDermott International, Inc.	  	WC	  	AAI
	1/1/2006	  	1/1/2007	  	XSL G21728056	  	McDermott International, Inc.- See attachment 237	  	GL	  	AAI
	1/1/2006	  	1/1/2007	  	XSL G21728068	  	Babcock & Wilcox Company - See attachment 216	  	GL	  	AAI
	12/18/2006	  	12/18/2007	  	CAL H07670928	  	National Ecology Company - See attachment 267	  	AL	  	AAI
	1/1/2007	  	1/1/2008	  	HDC G21736727	  	McDermott International, Inc - See attachment 242	  	GL	  	AAI
	1/1/2007	  	1/1/2008	  	HDC G21736764	  	Babcock & Wilcox Company - See attachment 229	  	GL	  	AAI
	1/1/2007	  	1/1/2008	  	HDC G2372358A	  	BWXT Services, Inc. - See attachment 246	  	GL	  	AAI

  

 Page 21 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	1/1/2007	  	1/1/2008	  	HDO G21736739	  	McDermott International, Inc. - See attachment 243	  	GL	  	AAI
	1/1/2007	  	1/1/2008	  	HDO G21736752	  	Babcock & Wilcox Company - See attachment 228	  	GL	  	AAI
	1/1/2007	  	1/1/2008	  	ISA H07673206	  	McDermott International, Inc - See attachment 241	  	Auto	  	AAI
	1/1/2007	  	1/1/2008	  	ISA H07673218	  	Babcock & Wilcox Company - See attachment 227	  	Auto	  	AAI
	1/1/2007	  	1/1/2008	  	ISA H07834597	  	BWXT Services, Inc. - See attachment 245	  	Auto	  	AAI
	1/1/2007	  	1/1/2008	  	SCF C44450653	  	Babcock & Wilcox Company - See attachment 9	  	WC	  	AAI
	1/1/2007	  	1/1/2008	  	WCU C44450550	  	Babcock & Wilcox Investment Company	  	WC	  	AAI
	1/1/2007	  	1/1/2008	  	WCU C44450604	  	McDermott International, Inc.	  	XWC	  	AAI
	1/1/2007	  	1/1/2008	  	WLR C44450203	  	BWXT Services, Inc.	  	WC	  	AAI
	1/1/2007	  	1/1/2008	  	WLR C44450616	  	Babcock & Wilcox Company - See attachment 4	  	WC	  	AAI
	1/1/2007	  	1/1/2008	  	WLR C44450665	  	McDermott International, Inc.	  	WC	  	AAI
	1/1/2007	  	1/1/2008	  	XSL G21736235	  	BWTX Services, Inc. - See attachment 247	  	GL	  	AAI
	1/1/2007	  	1/1/2008	  	XSL G21736740	  	Babcock & Wilcox Company - See attachment 230	  	GL	  	AAI
	1/1/2007	  	1/1/2008	  	XSL G21736776	  	McDermott International, Inc. - See attachment 244	  	GL	  	AAI
	1/1/2008	  	1/1/2009	  	HDC G23734758	  	Babcock & Wilcox Company - See attachement 220	  	GL	  	AAI
	1/1/2008	  	1/1/2009	  	HDC G23734783	  	McDermott International, Inc. - See attachment 249	  	GL	  	AAI
	1/1/2008	  	1/1/2009	  	HDO G23734746	  	Babcock & Wilcox Company - See attachment 219	  	GL	  	AAI

  

 Page 22 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	1/1/2008	  	1/1/2009	  	HDO G23734795	  	McDermott International, Inc. - See attachment 250	  	Gl	  	AAI
	1/1/2008	  	1/1/2009	  	ISA H0823839A	  	The Babcock &Wilcox Company - See attachment 221	  	Auto	  	AAI
	1/1/2008	  	1/1/2009	  	ISA H08238418	  	McDermott International, Inc. - See attachment 251	  	Auto	  	AAI
	1/1/2008	  	1/1/2009	  	PLI G2373476A	  	McDermott International, Inc. - See attachment 248	  	GL	  	AAI
	1/1/2008	  	1/1/2009	  	SCF C44479825	  	The Babcock & Wilcox Company - See attachment 7	  	WC	  	AAI
	1/1/2008	  	1/1/2009	  	WCU C44479850	  	McDermott International, Inc.	  	XWC	  	AAI
	1/1/2008	  	1/1/2009	  	WLR C44478596	  	The Babcock & Wilcox Company	  	WC	  	AAI
	1/1/2008	  	1/1/2009	  	WLR C44479813	  	The Babcock & Wilcox Company - See attachment 213	  	WC	  	IND
	1/1/2008	  	1/1/2009	  	WLR C44479862	  	McDermott International, Inc.	  	WC	  	IND
	1/1/2008	  	1/1/2009	  	XSL G23733766	  	The Babcock & Wilcox Company - See attachment 218	  	GL	  	AAI
	1/1/2009	  	1/1/2010	  	HDC G23749154	  	McDermott International, Inc. - See attachment 254	  	GL	  	AAI
	1/1/2009	  	1/1/2010	  	HDC G23749270	  	The Babcock & Wilcox Company - See attachment 223	  	GL	  	AAI
	1/1/2009	  	1/1/2010	  	HDO G23749117	  	McDermott International, Inc - See attachment 252	  	GL	  	AAI
	1/1/2009	  	1/1/2010	  	HDO G23749233	  	The Babcock & Wilcox Company - See attachment 225	  	GL	  	AAI
	1/1/2009	  	1/1/2010	  	ISA H08252464	  	McDermott International, Inc - See attachment 256	  	Auto	  	AAI
	1/1/2009	  	1/1/2010	  	ISA H08252506	  	The Babcock & Wilcox Company - See attachment 224	  	Auto	  	AAI
	1/1/2009	  	1/1/2010	  	PLI G23749075	  	McDermott International, Inc. - See attachment 253	  	GL	  	AAI

  

 Page 23 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	1/1/2009	  	1/1/2010	  	SCF C44356909	  	Babcock & Wilcox Company - See attachment 6	  	WC	  	AAI
	1/1/2009	  	1/1/2010	  	WCU C4435682A	  	McDermott International, Inc.	  	XWC	  	AAI
	1/1/2009	  	1/1/2010	  	WCU C44356867	  	Babcock & Wilcox Investment Company	  	WC	  	AAI
	1/1/2009	  	1/1/2010	  	WLR C44356788	  	McDermott International, Inc.	  	WC	  	IND
	1/1/2009	  	1/1/2010	  	WLR C44356946	  	The Babcock & Wilcox Company - See attachment 226	  	WC	  	IND
	1/1/2009	  	1/1/2010	  	WLR C44356983	  	The Babcock & Wilcox Company - See attachment 8	  	WC	  	AAI
	1/1/2009	  	1/1/2010	  	XSL G23749191	  	McDermott International, Inc. - See attachment 255	  	GL	  	AAI
	1/1/2009	  	1/1/2010	  	XSL G23749312	  	The Babcock & Wilcox Company - See attachment 222	  	GL	  	AAI
	1/1/2010	  	1/1/2011	  	HDC G24938463	  	The Babcock & Wilcox Company - See attachment 234	  	GL	  	AAI
	1/1/2010	  	1/1/2011	  	HDC G24938499	  	McDermott International, Inc. - See attachment 258	  	GL	  	AAI
	1/1/2010	  	1/1/2011	  	HDO G24938475	  	The Babcock & Wilcox Company - See attachment 233	  	GL	  	AAI
	1/1/2010	  	1/1/2011	  	ISA H0858381A	  	McDermott International, Inc. - See attachmetn 259	  	Auto	  	AAI
	1/1/2010	  	1/1/2011	  	PLI G24938505	  	McDermott International, Inc. - See attachment 257	  	GL	  	AAI
	1/1/2010	  	1/1/2011	  	SCF C45709516	  	The Babcock & Wilcox Company - See attachment 236	  	WC	  	AAI
	1/1/2010	  	1/1/2011	  	WCU C45709541	  	McDermott International, Inc	  	WC	  	AAI
	1/1/2010	  	1/1/2011	  	WLR C45709498	  	The Babcock & Wilcox Company - See attachment 231	  	WC	  	AAI
	1/1/2010	  	1/1/2011	  	WLR C45709504	  	The Babcock & Wilcox Company - See attachment 232	  	WC	  	IND

  

 Page 24 of 25 

 Exhibit 1 - Policies and Named Insured’s 

 

											
	1/1/2010	  	1/1/2011	  	WLR C4570953A	  	McDermott International, Inc. - See attachment 261	  	WC	  	IND
	1/1/2010	  	1/1/2011	  	XSL G24938451	  	The Babcock & Wilcox Company - See attachment 235	  	GL	  	AAI
	1/1/2010	  	1/1/2011	  	XSL G24938487	  	McDermott International, Inc. - See attachment 260	  	GL	  	AAI

  

 Page 25 of 25 

 EXHIBIT IV – MII ENTITIES 

See Schedule 1.1(b) and Schedule 1.1(j) attached hereto. No MII Entity listed on Schedule 1.1(b) shall be deemed to be an “Insured”, a
“Named Insured” or otherwise be deemed to be insured under any Existing Policy or Existing Insurance Agreement solely by virtue of being listed on such Schedule 1.1(b). 

 6/2/2010 
  

 Schedule 1.1(b) 

MII FORMER 
  

			
	 Reference ID
	  	  
	 947
	  	Arabian General Contracting Company
	 911
	  	Arabian Petroleum Marine Construction Company
	 8000
	  	Associated Pipe Line Contractors, Inc.
	 117
	  	Badya Builders, Inc.
	 242
	  	Beheer-en Beleggingsmaatschappij Belesa B.V.
	 9996
	  	BJA-Mentor Production Systems Limited
	 164
	  	Brown & Root McDermott Fabricators Limited
	 277
	  	Cayenne Insurance Company, Ltd.
	 629
	  	CCC Fabricaciones y Construcciones S.A. de C.V.
	 940
	  	Construcciones Maritimas Mexicanas, S.A. de C.V.
	 952
	  	Davy McDermott Limited
	 921
	  	DB/McDermott Company
	 1952
	  	Deep Gulf Contractors LLC
	 171
	  	Deep Sea Divers Australia Pty. Limited
		  	Dick Evans, Inc.
	 997
	  	ETPM International (UK) Limited
	 955
	  	ETPM International S.A.S.
	 999
	  	Far East Vessels, Inc.
	 108
	  	First Emirates Trading Corporation
		  	Harvey Lumber & Supply Company
	 174
	  	Heavy Lift Chartering, Inc.
	 935
	  	HeereMac v.o.f.
	 956
	  	Heerema-McDermott (Aust.) Pty. Ltd.
	 190
	  	Honore Insurance Company, Ltd.
	 917
	  	Initec, Astano y McDermott International Inc., S.A.
		  	Ingenieria Petrolera Maritima, S.A. de C.V.
		  	Iranian Marine Contractors, Inc.
	 102
	  	J. Ray McDermott & Co. (Nederland) B.V.
	 150
	  	J. Ray McDermott (Aust.) Pty. Ltd.
	 151
	  	J. Ray McDermott (U.K.) Inc.
	 350
	  	J. Ray McDermott (Venezuela) C.A.
	 325
	  	J. Ray McDermott Arctic Ltd.

  

 1 

 6/2/2010 
  

					
	 307
	  	J. Ray McDermott Gulf Contractors, Inc.	  	(formerly the Early Company)
	 394
	  	J. Ray McDermott International Services (No. 1) Limited	  	
	 101
	  	J. Ray McDermott International Services Limited	  	
	 152
	  	J. Ray McDermott London, Ltd.	  	
	 641
	  	J. Ray McDermott Marine Construction AS	  	
	 1125
	  	J. Ray McDermott Newfoundland, Ltd.	  	
	 871
	  	J. Ray McDermott Offshore Chartering (U.S.), Inc.	  	
	 372
	  	J. Ray McDermott Properties, Inc.	  	
	 238
	  	J. Ray McDermott Underwater Services, Inc.	  	
	 603
	  	J. Ray McDermott Venture Holdings (U.S.), Inc.	  	
	 153
	  	Jaramac Associated Services, Ltd.	  	
		  	Jaramac Petroleum (U.K.) Limited	  	
		  	Khafji Contractors, Inc.	  	
	 166
	  	Khor Contractors, Inc.	  	
	 903
	  	KME a.s.	  	
	 324
	  	Lan-Dermott, S.A. de C.V.	  	
	 202
	  	Madock Shipyard Company, Ltd.	  	
	 203
	  	Macshelf Marine Construction Company, Ltd.	  	
	 106
	  	Mandato Pty. Limited	  	
	 360
	  	Marine Contractors, Inc.	  	
	 146
	  	McAntille, N.V.	  	
	 168
	  	McDermott - ETPM V.O.F.	  	
	 158
	  	McDermott (Holland) B.V.	  	
	 304
	  	McDermott (Nigeria) Limited	  	
	 245
	  	McDermott Acquisition Company, Inc.	  	
	 972
	  	McDermott APG Services Limited	  	
	 352
	  	McDermott Azerbaijan Pipelines, Inc.	  	
	 156
	  	McDermott Azerbaijan, Inc.	  	
	 351
	  	McDermott Central & Eastern Europe, Inc.	  	
		  	McDermott de Mexico, S.A. de C.V.	  	
	 118
	  	McDermott Denmark ApS	  	
	 464
	  	McDermott Energy Services, Inc.	  	
	 178
	  	McDermott Engineering (Europe) Limited	  	
		  	McDermott Enterprises France, S.A.	  	
	 128
	  	McDermott Europe Marine Services, Ltd.	  	
	 313
	  	McDermott Industries, Inc.	  	
	 354
	  	McDermott Inland Services, Inc.	  	

  

 2 

 6/2/2010 
  

					
	 201
	  	McDermott International Asset Management, Ltd.	  	
	 343
	  	McDermott International Aviation, Inc.	  	
	 346
	  	McDermott International Aviation, Inc.	  	(formerly McDermott International Aviation Co., Inc.)
		  	McDermott International (Deutschland) GmbH	  	
	 237
	  	McDermott International Engineering & Construction Co., Ltd.	  	
	 139
	  	McDermott International Engineering Investments N.V.	  	
	 121
	  	McDermott International General Services, Inc.	  	
	 123
	  	McDermott International Marine Services, Inc.	  	
	 236
	  	McDermott International Marketing, Inc.	  	
	 143
	  	McDermott Marine UK Limited	  	
	 462
	  	McDermott Marketing Services, Inc.	  	
	 103
	  	McDermott Middle East Trading, Ltd.	  	
	 172
	  	McDermott Neutral Zone, Inc.	  	
		  	McDermott Norway, Inc.	  	
		  	McDermott Petroleum (Iran), Inc.	  	
	 105
	  	McDermott Sakhalin, Inc.	  	
	 347
	  	McDermott Shipbuilding, Inc.	  	
	 111
	  	McDermott Singapore Pte. Ltd.	  	
	 221
	  	McDermott Submarine Cable Ltd.	  	
	 1951
	  	McDermott Submarine Cable Systems Limited	  	
	 205
	  	McDermott Subsea Constructors Limited	  	
	 110
	  	McDermott Transition Co., Inc.	  	
		  	McDermott UAR, Inc.	  	
	 184
	  	McDermott West Indies Company	  	
	 187
	  	McDermott-ETPM (Norway), Inc.	  	
	 998
	  	McDermott-ETPM (UK) Limited	  	
	 963
	  	McDermott-ETPM B.V.	  	
	 161
	  	McDermott-ETPM East B.V.	  	
	 167
	  	McDermott-ETPM East N.V.	  	
	 964
	  	McDermott-ETPM N.V.	  	
	 965
	  	McDermott-ETPM S.A.	  	
	 962
	  	McDermott-ETPM West, Inc.	  	
	 104
	  	Menck GmbH	  	
	 463
	  	Mentor Engineering Consultants Limited	  	
	 131
	  	MIMCO, Inc.	  	
	 908
	  	MMC-McDermott Engineering Sdn. Berhad	  	
	 317
	  	Mofco N.V.	  	

  

 3 

 6/2/2010 
  

			
	 129
	  	NOLA, Servicos E Participacoes Ltda.
	 141
	  	Northern Marine Services, Inc.
	 107
	  	Oceanic Red Sea Company
	 620
	  	Offshore Angola, Ltd.
	 632
	  	Offshore Energy Capital Corporation
	 622
	  	Offshore Hyundai International Limited
	 630
	  	Offshore Hyundai International, Ltd.
	 210
	  	Offshore Marine Chartering N.V.
	 610
	  	Offshore Petroleum Divers, Inc.
	 614
	  	Offshore Pipelines (Mauritius) Ltd.
	 616
	  	Offshore Pipelines Far East Limited
	 617
	  	Offshore Pipelines International Gulf E.C.
	 633
	  	Offshore Power Generation Ltd.
	 635
	  	Offshore Production Vessels, Ltd.
	 615
	  	OPI Offshore Netherlands Holding B.V.
	 611
	  	OPI Sales & Service Corporation
	 628
	  	OPI Towing & Supply, L.L.C.
	 624
	  	OPMI, E.C.
	 613
	  	P. T. Armandi Pranaupaya
	 850
	  	Panama Offshore Chartering Company 1, Inc.
	 859
	  	Panama Offshore Chartering Company 10, Inc.
	 860
	  	Panama Offshore Chartering Company 11, Inc.
	 861
	  	Panama Offshore Chartering Company 12, Inc.
	 862
	  	Panama Offshore Chartering Company 13, Inc.
	 863
	  	Panama Offshore Chartering Company 14, Inc.
	 864
	  	Panama Offshore Chartering Company 15, Inc.
	 865
	  	Panama Offshore Chartering Company 16, Inc.
	 866
	  	Panama Offshore Chartering Company 17, Inc.
	 867
	  	Panama Offshore Chartering Company 18, Inc.
	 868
	  	Panama Offshore Chartering Company 19, Inc.
	 851
	  	Panama Offshore Chartering Company 2, Inc.
	 869
	  	Panama Offshore Chartering Company 20, Inc.
	 870
	  	Panama Offshore Chartering Company 21, Inc.
	 852
	  	Panama Offshore Chartering Company 3, Inc.
	 853
	  	Panama Offshore Chartering Company 4, Inc.
	 854
	  	Panama Offshore Chartering Company 5, Inc.
	 855
	  	Panama Offshore Chartering Company 6, Inc.

  

 4 

 6/2/2010 
  

			
	 856
	  	Panama Offshore Chartering Company 7, Inc.
	 857
	  	Panama Offshore Chartering Company 8, Inc.
	 858
	  	Panama Offshore Chartering Company 9, Inc.
	 154
	  	Panama Offshore Chartering Company, Inc.
	 990
	  	Personal Administrativo de Vera Cruz, S.A. de C.V.
	 991
	  	Personal Ejecutivo de Veracruz, S.A. de C.V.
	 645
	  	Pirogue Insurance Company, Ltd.
	 981
	  	Sakhalin Energy Investment Company, Ltd.
	 384
	  	Samburg Holdings, Inc.
	 109
	  	Sharman, Allen, Gay & Taylor, S.A.
	 989
	  	Tallares Navales del Golfo, S.A. de C.V.
		  	The Evelyn Kay Company
		  	The Roger Thomas Company
		  	The Rosalie E. Company
		  	The Walter E. Company
	 634
	  	TL Marine Sdn. Bhd.
	 621
	  	TL Offshore Sdn. Bhd.
	 926
	  	Topside Contractors of Newfoundland
	 925
	  	Topside Contractors of Newfoundland, Ltd.
	 642
	  	U.S. Offshore Chartering
	 918
	  	Universal Fabricators Incorporated
	 980
	  	US Shipbuilding Corporation, Inc.
	 318
	  	Wagley, Inc.

  

 5 

 6/2/2010 

Schedule 1.1(j) 

MII - CURRENT 
  

					
	 CURRENT
Reference ID
	  	 Name
	  	  
	 873
	  	Barmada McDermott (L) Limited	  	
	 1953
	  	Barmada McDermott Sdn. Bhd.	  	
	 276
	  	Boudin Insurance Company, Ltd.	  	
	 939
	  	Caspian Offshore Fabricators LLC	  	
	 116
	  	Chartering Company (Singapore) Pte. Ltd.	  	
	 142
	  	Eastern Marine Services, Inc.	  	
	 249
	  	Global Energy - McDermott Limited	  	
	 140
	  	Hydro Marine Services, Inc.	  	
	 649
	  	International Vessels Ltd.	  	
	 148
	  	J. Ray McDermott (Aust.) Holding Pty. Limited	  	
	 1982
	  	J. Ray McDermott (Caspian), Inc.	  	(formerly J. Ray McDermott Diving International, Inc.)
	 243
	  	J. Ray McDermott (Nigeria) Ltd.	  	
	 2025
	  	J. Ray McDermott (Norway), AS	  	
	 1237
	  	J. Ray McDermott (Qingdao) Pte. Ltd.	  	
	 194
	  	J. Ray McDermott Asia Pacific Pte. Ltd.	  	(formerly McDermott South East Asia Pte. Ltd.)
	 1972
	  	J. Ray McDermott Canada Holding, Ltd.	  	
	 1969
	  	J. Ray McDermott Canada, Ltd.	  	
	 204
	  	J. Ray McDermott Contractors, Inc.	  	
	 246
	  	J. Ray McDermott de Mexico, S.A. de C.V.	  	
	 208
	  	J. Ray McDermott Eastern Hemisphere Limited	  	(formerly J. Ray Middle East (Indian Ocean) Ltd.)
	 1956
	  	J. Ray McDermott Engineering Services Private Limited	  	
	 1950
	  	J. Ray McDermott Engineering, LLC	  	
	 220
	  	J. Ray McDermott Far East, Inc.	  	
	 211
	  	J. Ray McDermott Holdings, LLC	  	(formerly J. Ray McDermott Holdings, Inc.)
	 627
	  	J. Ray McDermott International Vessels, Ltd.	  	(formerly OPI International, Ltd.)
	 602
	  	J. Ray McDermott International, Inc.	  	
	 160
	  	J. Ray McDermott Investments B.V.	  	(formerly Menck B.V.)
	 1958
	  	J. Ray McDermott Kazakhstan Limited Liability Partnership	  	
	 1975
	  	J. Ray McDermott Logistic Services Pvt. Limited	  	
	 136
	  	J. Ray McDermott Middle East, Inc.	  	
	 239
	  	J. Ray McDermott Solutions, Inc.	  	(formerly J. Ray McDermott Engineering Holdings, Inc.)
	 625
	  	J. Ray McDermott Technology, Inc.	  	
	 1957
	  	J. Ray McDermott UK Ltd.	  	

  

 1 

 6/2/2010 
  

					
	 1960
	  	J. Ray McDermott Underwater Services, Inc.	  	
	 248
	  	J. Ray McDermott West Africa Holdings, Inc.	  	
	 244
	  	J. Ray McDermott West Africa, Inc.	  	
	 601
	  	J. Ray McDermott, Inc.	  	
	 207
	  	J. Ray McDermott, S.A.	  	
	 644
	  	Lagniappe Insurance Company, Ltd.	  	
	 193
	  	Malmac Sdn. Bhd.	  	
	 132
	  	McDermott (Malaysia) Sendirian Berhad	  	
	 904
	  	McDermott Abu Dhabi Offshore Construction Company	  	
	 915
	  	McDermott Arabia Company Limited	  	
	 149
	  	McDermott Australia Pty. Ltd.	  	(formerly McDermott Industries (Aust.) Pty. Limited)
	 183
	  	McDermott Azerbaijan Marine Construction, Inc.	  	
	 241
	  	McDermott Caspian Contractors, Inc.	  	
	 275
	  	McDermott Cayman Ltd.	  	
	 181
	  	McDermott Far East, Inc.	  	
	 133
	  	McDermott Gulf Operating Company, Inc.	  	
	 177
	  	McDermott Holdings (U.K.) Limited	  	
	 300
	  	McDermott Incorporated	  	
	 147
	  	McDermott International B.V.	  	
	 120
	  	McDermott International Investments Co., Inc.	  	
	 119
	  	McDermott International Marine Investments N.V.	  	
	 213
	  	McDermott International Marketing, Inc.	  	(formerly McDermott International Beijing, Inc.)
	 130
	  	McDermott International Trading Co., Inc.	  	
	 1971
	  	McDermott International Vessels, Inc.	  	
	 100
	  	McDermott International, Inc.	  	
	 1962
	  	McDermott Kft.	  	
	 349
	  	McDermott Marine Construction Limited	  	
	 1986
	  	McDermott Marine Mexico, S.A. de C.V.	  	
	 135
	  	McDermott Offshore Services Company, Inc.	  	
	 176
	  	McDermott Old JV Office, Inc.	  	
	 162
	  	McDermott Overseas Investment Co. N.V.	  	
	 390
	  	McDermott Overseas, Inc.	  	
	 1966
	  	McDermott Panama Holdings, S.A.	  	
	 170
	  	McDermott Servicos de Construcao, Ltda.	  	
	 320
	  	McDermott Trade Corporation	  	
	 306
	  	Mentor Subsea Technology Services, Inc.	  	
	 138
	  	North Atlantic Vessel, Inc.	  	

  

 2 

 6/2/2010 
  

					
	 2021
	  	North Ocean II AS	  	
	 2023
	  	North Ocean II KS	  	
	 2022
	  	North Ocean V AS	  	
	 612
	  	Offshore Pipelines International, Ltd.	  	
	 618
	  	Offshore Pipelines Nigeria Limited	  	
	 619
	  	Offshore Pipelines Sdn. Bhd.	  	
	 626
	  	OPI Vessels, Inc.	  	
	 623
	  	OPMI, Ltd.	  	
	 185
	  	P. T. Bataves Fabricators	  	
	 180
	  	P. T. McDermott Indonesia	  	
	 901
	  	PT. Baja Wahana Indonesia	  	(formerly P.T. Babcock & Wilcox Indonesia)
	 643
	  	PT. J. Ray McDermott Indonesia	  	(formerly PT. Jay Ray)
	 636
	  	Sabine River Realty, Inc.	  	
	 1977
	  	Servicios de Fabricacion de Altamira, S.A. de C.V.	  	
	 1976
	  	Servicos Profesionales de Altamira, S.A. de C.V.	  	
	 2019
	  	Singapore Huangdao Pte. Ltd.	  	
	 640
	  	SparTEC, Inc.	  	(formerly J. Ray McDermott Spars, Inc.)
	 145
	  	Varsy International N.V.	  	

  

 3 

 EXHIBIT V 

ACE AFFILIATES 

ACE American Insurance Company 

ACE Fire Underwriters Insurance Company 

ACE Indemnity Insurance Company 

ACE Insurance Company of the Midwest 

ACE Property and Casualty Insurance Company 

Illinois Union Insurance Company 

Indemnity Insurance Company of North America 

Insurance Company of North America 

Pacific Employers Insurance Company 

Bankers Standard Insurance Company 

Atlantic Employers Insurance Company 

 EXHIBIT VI –FOREIGN INSURANCE AGREEMENTS 

 

									
	 EFFECTIVE

DATE/

YEAR
	  	 PARTIES
	  	 TYPE
	  	 PROGRAMS

COVERED
	  	 POLICIES

COVERED

	 1985
	  	Mcdermott Int., Inc. and Insurance Co. of N.A.	  	High Deductible Agreement	  	General Liability
 Auto
Liability
	  	XWC11051
 ISGG05111444

92HF60007

92HF60006

	 1986
	  	Mcdermott Int., Inc. and Insurance Co. of N.A.	  	High Deductible Agreement	  	General Liability
 Auto
Liability
	  	XWC11075
 ISA480419

OGLGO511414-7

HDCGO511431-7

 EXHIBIT VI (Continued) 

 

					
	 Name Of Agreement
	  	 Party To Agreement
	  	 Effective Date of Agreement

	Security Agreement	  	McDermott International, Inc and CIGNA Property and Casualty Insurance Company	  	April 1, 1992
			
	Security Agreement	  	McDermott International, Inc and CIGNA Property and Casualty Insurance Company	  	April 1, 1993
			
	 Indemnity and Security

Agreement
	  	McDermott International, Inc. and CIGNA Insurance Company and Seguros CIGNA, S.A.	  	December 19, 1995
			
	Security Agreement	  	McDermott International, Inc. and CIGNA Insurance Company	  	April 1, 1996
			
	 Pledge and Security

Agreement
	  	 Pledgor: McDermott International, Inc.

Pledgees:CIGNA Property and Casualty CIGNA Insurance Company
	  	September 15, 1997
			
	Security Agreement	  	McDermott International, Inc. and ACE American Insurance Company	  	January 1, 2004
			
	 INAMAR Claims
 Service
Agreement
	  	McDermott International, Inc. and INAMAR	  	Annual agreements
 incepting January 1,

 2001 – December 31,

2005

			
	 INAMAR Claims
 Service
Agreement
	  	McDermott International LLC, and Babcock and Wilcox and INAMAR	  	Effective with respect
 to Claims
resulting
 from occurrences

during the period

beginning 12:00am

January 1, 2006

			
	Security Agreement	  	McDermott International, Inc. and ACE American Insurance Company	  	January 1, 2006

 EXHIBIT VII –FOREIGN POLICIES 

 

											
	 Effective Date
	  	 Policy
Number
	  	 Named Insured
	  	 Type of Policy
	  	 Issuing Company
	  	 Relating ACE
Policy
or
Policies

	 1 Jan 2007 -

31 December 2007
	  	B1003	  	J. Ray McDermott Inc. and related subsidiary and affiliated companies.	  	General	  	ACE American Ins. Co.	  	CMX043526
	  	  	  	Automobile	  	ACE American Ins. Co.	  	CMX043527
	  	  	  	Workers Comp.	  	ACE American Ins. Co.	  	CMX043525
						
	 1 Jan 2007 -

31 December 2007
	  	B1004	  	J. Ray McDermott Inc. and related subsidiary and affiliated companies.	  	General	  	ACE American Ins. Co.	  	CMX043526
	  	  	  	Workers Comp.	  	ACE American Ins. Co.	  	CMX043525
						
	 1 Jan 2005 -

31 December 2005
	  	C1001	  	J. Ray McDermott Inc. and related subsidiary and affiliated companies.	  	General	  	ACE American Ins. Co.	  	CMX043411
	  	  	  	Automobile	  	ACE American Ins. Co.	  	CMX043412
	  	  	  	Workers Comp.	  	ACE American Ins. Co.	  	CMX043410
						
	 1 Jan 2006 -

31 December 2006
	  	C1001	  	J. Ray McDermott Inc. and related subsidiary and affiliated companies.	  	General	  	ACE American Ins. Co.	  	CMX043526
	  	  	  	Automobile	  	ACE American Ins. Co.	  	CMX043527
	  	  	  	Workers Comp.	  	ACE American Ins. Co.	  	CMX043525
						
	 1 Jan 2005 -

31 December 2005
	  	C1002	  	J. Ray McDermott Inc. and related subsidiary and affiliated companies.	  	General	  	ACE American Ins. Co.	  	CMX043411
	  	  	  	Workers Comp.	  	ACE American Ins. Co.	  	CMX043410
						
	 1 Jan 2006 -

31 December 2006
	  	C1002	  	J. Ray McDermott Inc. and related subsidiary and affiliated companies.	  	General	  	ACE American Ins. Co.	  	CMX043411
	  	  	  	Workers Comp.	  	ACE American Ins. Co.	  	CMX043410
						
	 1 January 1974 -

31 December 1974
	  	23002	  	Oceanic Contractors Inc. and any subsidiary, associated or affiliated companies as their interests may appear, as now or hereafter existing, acquired or
constituted	  	Workers Comp.	  	CIGNA	  	50HF2295
	  	  	  	General & Auto	  	CIGNA	  	45HF3277
						
	 1 January 1975 -

31 December 1975
	  	23002	  	Oceanic Contractors Inc. and any subsidiary, associated or affiliated companies as their interests may appear, as now or hereafter existing, acquired or
constituted	  	Workers Comp.	  	CIGNA	  	50HF2296
	  	  	  	General & Auto	  	CIGNA	  	45HF3278

											
	 Effective Date
	  	 Policy
Number
	  	 Named Insured
	  	 Type of Policy
	  	 Issuing
Company
	  	 RelatingACE
Policy
or
Policies

						
	 1 January 1976 -

31 December 1976
	  	23002	  	Oceanic Contractors Inc. and any subsidiary, associated or affiliated companies as their interests may appear, as now or hereafter existing, acquired or constituted
	  	Workers Comp.	  	CIGNA	  	50HF2296
						
		  		  		  	General & Auto	  	CIGNA	  	45HF3278
						
	 1 January 1977 -

31 December 1977
	  	23002	  	Oceanic Contractors Inc. and any subsidiary, associated or affiliated companies as their interests may appear, as now or hereafter existing, acquired or constituted
	  	Workers Comp.	  	CIGNA	  	50HF2296
						
		  		  		  	General & Auto	  	CIGNA	  	45HF3278
						
	 1 January 1978 -

31 December 1978
	  	23002	  	Oceanic Contractors Inc. and any subsidiary, associated or affiliated companies as their interests may appear, as now or hereafter existing, acquired or constituted
	  	Workers Comp.	  	CIGNA	  	50HF2296
						
		  		  		  	General & Auto	  	CIGNA	  	45HF3277
						
	 1 January 1979 -

31 December 1979
	  	23002	  	Oceanic Contractors Inc. and any subsidiary, associated or affiliated companies as their interests may appear, as now or hereafter existing, acquired or constituted
	  	Workers Comp.	  	CIGNA	  	50HF2295
						
		  		  		  	General & Auto	  	CIGNA	  	45HF3277
						
	 1 January 1980 -

1 April 1981
	  	23002	  	 Oceanic Contractors Inc. and any subsidiary, associated or affiliated companies as their interests may appear, as now or
hereafter existing, acquired or constituted
  

McDermott International Inc effective March 14, 1980
	  	Workers Comp.	  	CIGNA	  	50HF2295
						
		  		  		  	General & Auto	  	CIGNA	  	45HF3277
						
	 1 April 1981 -
	  	23002	  	McDermott International	  	Workers Comp.	  	CIGNA	  	50HF2295

											
	 Effective Date
	  	 Policy
Number
	  	 Named Insured
	  	 Type of Policy
	  	 Issuing Company
	  	 Relating ACE
Policy or

Policies

	 1 April 1982
	  		  	Incorporated	  	General & Auto	  	CIGNA	  	45HF3277
						
	 1 April 1982 -

1 April 1983
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA	  	 92HF0001 &

ISG1163

						
	 1 April 1983 -

1 April 1984
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA	  	 92HF0001 &

ISG351763

						
	 1 April 1984 -

1 April 1985
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA	  	 92HF0001 &

ISG351764

						
	 1 April 1985 -

1 April 1986
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA	  	 92HF0001 &

ISG351763

						
	 1 April 1986 -

1 April 1987
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	Aetna Insurance Company	  	 92AET-34599,

92AET-34598 &

28AET-41012 NO

						
	 1 April 1987 -

1 April 1988
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	Aetna Insurance Company	  	 92AET-34599,

92AET-34598 &

28AET-41012

						
	 1 April 1988 -

1 April 1989
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	Aetna Insurance Company	  	 92AET-34599,

92AET-34598 &

28AET-41012

						
	 1 April 1989 -

1 April 1990
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX-12871,

CMX-12870 &

CMX-12871

											
	 Effective Date
	  	 Policy
Number
	  	 Named Insured
	  	 Type of Policy
	  	 Issuing Company
	  	 Relating ACE
Policy or

Policies

	 1 April 1990 -

1 April 1991
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX-12871,

CMX-12870 &

CMX-12871

						
	 1 April 1991 -

1 April 1992
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX-12871,

CMX-12870 &

CMX-12871

						
	 1 April 1992 -

1 April 1993
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation / Employer’s Liability / Comprehensive General and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX-12871,

CMX-12870 &

CMX-12871

						
	 1 April 1993 -

1 April 1994
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX043410,

CMX043411&

CMX043412

						
	 1 April 1994 -

1 April 1995
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX043410,

CMX043411&

CMX043412

						
	 1 April 1995 -

1 April 1996
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX043410,

CMX043411&

CMX043412

						
	 1 April 1996 -

1 April 1997
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX043410,

CMX043411&

CMX043412

						
	 1 April 1997 -

1 April 1998
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX043410,

CMX043411&

CMX043412

											
	 Effective Date
	  	 Policy
Number
	  	 Named Insured
	  	 Type of Policy
	  	 Issuing Company
	  	 Relating ACE
Policy or

Policies

	 1 April 1998 -

1 April 1999
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	 CMX043410,

CMX043411&

CMX043412

						
	 1 April 1999 -

31 December 1999
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	CIGNA Property and Casualty Insurance Company	  	CMX043410, CMX043411& CMX043412
						
	 1 January 2000 -

31 December 2000
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability / Comprehensive General

and Comprehensive

Automobile Liability
	  	ACE American Ins. Co.	  	CMX043410, CMX043411& CMX043412
						
	 1 January 2001 -

31 December 2001
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability / Comprehensive General

and Comprehensive

Automobile Liability
	  	ACE American Ins. Co.	  	CMX043410, CMX043411& CMX043412
						
	 1 January 2002 -

31 December 2002
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	ACE American Ins. Co.	  	CMX043410, CMX043411& CMX043412
						
	 1 January 2003 -

31 December 2003
	  	23002	  	McDermott International Incorporated et al	  	 Worker’s

Compensation /

Employer’s Liability /

Comprehensive General

and Comprehensive

Automobile Liability
	  	ACE American Ins. Co.	  	CMX043410, CMX043411& CMX043412
						
	 1 April 1986 -

1 April 1987
	  	23010	  	McDermott International Inc. et al	  	 worker’s compensation,

voluntary compensation of

employer’s liability coverages
	  	CIGNA	  	92AET-34599
	  	  	  	General Liability coverages	  	CIGNA	  	92AET-34598
	  	  	  	Auto Liability coverages	  	CIGNA	  	 28AET-41012

87-88

						
	1 April 1987 - 
1 April 1988	  	23010	  	McDermott International Inc. et al	  	worker’s compensation, voluntary compensation of employer’s liability coverages	  	CIGNA	  	92AET-34599
	  	  	  	General Liability Coverages	  	CIGNA	  	92AET-34598

											
	 Effective Date
	  	 Policy
Number
	  	 Named Insured
	  	 Type of Policy
	  	 Issuing
Company
	  	 Relating ACE
Policy
or
Policies

	 1 April 1988 -

1 April 1989
	  	23010	  	McDermott International Inc. et al	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	92AET-41640
	  	  	  	General Liability Coverages	  	CIGNA	  	92AET-41639
						
	 1 April 1989 -

1 April 1990
	  	23010	  	McDermott International Inc. et al	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX-12871
	  	  	  	General Liability Coverages	  	CIGNA	  	CMX-12869
						
	 1 April 1990 -

1 April 1991
	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX-12871
	  	  	  	General Liability Coverages	  	CIGNA	  	CMX-12869
						
	 1 April 1991 -

1 April 1992
	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX-12871
	  	  	  	General Liability Coverages	  	CIGNA	  	CMX-12869
						
	 1 April 1992 -

1 April 1993
	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX-12871
	  	  	  	General Liability Coverages	  	CIGNA	  	CMX-12869
						
	 1 April 1993 -

1 April 1994
	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX043410
	  	  	  	General Liability Coverages	  	CIGNA	  	CMX043411
						
	 1 April 1994 -

1 April 1995
	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX043410
	  	  	  	General Liability Coverages	  	CIGNA	  	CMX043411
						
	 1 April 1995 -

1 April 1996
	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX043410
	  	  	  	General Liability Coverages	  	CIGNA	  	CMX043411

											
	 Effective Date
	  	 Policy
Number
	  	 Named Insured
	  	 Type of Policy
	  	 Issuing Company
	  	 Relating ACE
Policy
or
Policies

	 1 April 1996 -

1 April 1997
	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX043410
	  	  	  	General
Liability
Coverages	  	CIGNA	  	CMX043411
						
	 1 April 1997 -

1 April 1998

	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX043410
	  	  	  	General
Liability
Coverages	  	CIGNA	  	CMX043411
						
	 1 April 1998 -

1 April 1999
	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX043410
	  	  	  	General
Liability
Coverages	  	CIGNA	  	CMX043411
						
	 1 April 1999 -

31 December 1999
	  	23010	  	McDermott International Inc.	  	 worker’s compensation,

voluntary compensation

of employer’s liability

coverages
	  	CIGNA	  	CMX043410
	  	  	  	General
Liability
Coverages	  	CIGNA	  	CMX043411
						
	 1 January 2000 -

31 December 2000
	  	23010	  	McDermott International Inc.	  	 worker’s
compensation,

voluntary
compensation

of employer’s
liability

coverages
	  	ACE American Ins. Co.	  	CMX043410
	  	  	  	General
Liability
Coverages	  	ACE American Ins. Co.	  	CMX043411

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