Document:

Amendment to Propane Sales Contract, between Spectra Energy Propane LLC

 Exhibit 10.2 

Portions of this Exhibit have been redacted pursuant to a request for confidential treatment under Rule 24b-2 of the General Rules and Regulations
under the Securities Exchange Act. Omitted information, marked “[***]” in this Exhibit, has been filed with the Securities and Exchange Commission together with such request for confidential treatment. 

AMENDMENT TO 

PROPANE SALES CONTRACT 
 THIS
AMENDMENT to the Propane Sales Contract (the “Amendment”) dated this 15th day of June 2010 (the “Effective Date”) is entered into by Gas Supply Resources, LLC as “Buyer” and Spectra Energy Propane, LLC as
“Seller”. 
 R E C I T A L S 

 

	A.	Buyer and Seller have previously entered into a Propane Sales Contract dated May 1, 2008 (the “Original Agreement”). 

 

	B.	Buyer and Seller desire to amend the Original Agreement in certain respects, (as amended, the “Agreement”). 

NOW THEREFORE, in consideration of the premises, mutual covenants and other good and valuable consideration herein set forth, the parties hereto agree as
follows: 
  

	1.	Paragraph 1 entitled “Term” shall be deleted and replaced as follow: 

The term of this Contract shall run during the period from May 1, 2008 through April 30, 2012. The term shall be divided into
contract years (each, a “Contract Year”) commencing on March 1 and ending on the next succeeding April 30. 
  

	2.	In consideration for shortening the term of the Original Agreement, Seller shall pay to Buyer a lump sum payment of $3,000,000 within ten (10) days of the
Effective Date of this Amendment. 

  

	3.	Exhibit A shall be deleted and replaced with Exhibit A-1 attached hereto and incorporated herein. 

 

	4.	Except as modified and amended herein, the other terms and provisions of the Original Agreement shall remain in full force and effect. 

 

	5.	This Amendment shall become effective as of the Effective Date. 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment by their respective duly authorized
officers of the day and year first above written. 
  

			
	BUYER:
	 GAS SUPPLY RESOURCES, LLC

		
	 By:
	 	 /s/ Mark Borer

		 	MARK BORER
		 	PRESIDENT & CHIEF EXECUTIVE OFFICER
	
	SELLER:
	 SPECTRA ENERGY PROPANE, LLC

		
	 By:
	 	 /s/ Laura Buss Sayavedra

		 	LAURA BUSS SAYAVEDRA
		 	VICE PRESIDENT

  

 2 

 EXHIBIT “A-1” 

to the Propane Sales Contract 

Dated May 1, 2008 

Between 
 Gas
Supply Resources, LLC 
 and 

Spectra Energy Propane, LLC 

Table of Differentials Used to Determine the 

Delivered Price for each Contract Year 
  

			
	 Contract Year
	  	 Differential

	 May 1, 2008 to April 30, 2009
	  	[***]
	 May 1, 2009 to April 30, 2010
	  	[***]
	 May 1, 2010 to April 30, 2011
	  	[***]
	 May 1, 2011 to April 30, 2012
	  	[***]

  

 3Joinder and Reaffirmation Agreement

 Exhibit 4.3 

Execution Version 

JOINDER AND REAFFIRMATION AGREEMENT 

This JOINDER AND REAFFIRMATION AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this
“Agreement”) dated as of August 6, 2010 among THE BABCOCK & WILCOX COMPANY, a Delaware corporation (the “New Borrower”), BABCOCK & WILCOX INVESTMENT COMPANY, a Delaware corporation (the
“Original Borrower”), BABCOCK & WILCOX INDIA HOLDINGS, INC., a Delaware corporation (the “New Subsidiary” and, together with the Original Borrower, the “New Guarantors” and, together with
the New Borrower, the “New Loan Parties”), the other Guarantors party hereto and BANK OF AMERICA, N.A., in its capacity as Administrative Agent (the “Administrative Agent”) under that certain Credit Agreement, dated
as of May 3, 2010 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the Lenders party thereto, the Administrative Agent, the Swing Line Lender and each L/C
Issuer (each as defined therein). All capitalized terms used and not defined herein shall have the meanings given thereto in the Credit Agreement or the applicable Loan Document referred to herein. 

The Original Borrower has informed the Administrative Agent that the consummation of the Spinoff occurred on July 30, 2010.

 Accordingly, pursuant to Section 6.24 of the Credit Agreement, the New Loan Parties and the other Guarantors
hereby agree as follows: 
 1. Joinder as the Borrower. The New Borrower, by execution of this Agreement, hereby
represents, warrants, acknowledges and agrees that: 
 (a) from and after the effective time of the consummation of the
Spinoff (i) the New Borrower, as provided in Section 6.24 of the Credit Agreement, is and shall be the Borrower (as defined in the Credit Agreement) under the Credit Agreement as if a signatory thereof on the Closing Date, in
substitution of the Original Borrower, and (ii) each reference to the “Borrower” in the Credit Agreement and the other Loan Documents shall be a reference to the New Borrower as described in clause(b) of the definition of
Borrower in the Credit Agreement; 
 (b) as the Borrower, it shall comply with, and be subject to, and have the benefit of,
all of the terms, conditions, covenants, agreements and obligations set forth in the Credit Agreement; and
 (c) each of
the representations and warranties of (i) the Borrower contained in Article V of the Credit Agreement and (ii) each Loan Party contained in each other Loan Document, is true and correct in all material respects on and as of the date
hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date, and except that the representations and warranties
contained in subsections (a) and (b) of Section 5.04 of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01 of
the Credit Agreement. 
 2. Joinder as a Guarantor. Each New Guarantor, by execution of this Agreement, hereby
represents, warrants, acknowledges and agrees that: 

 (a) from and after the date hereof (i) it is a Guarantor (as defined in the Guaranty),
as provided in Section 19 of the Guaranty, under the Guaranty as if a signatory thereof on the Closing Date, and (ii) each reference to a “Guarantor” or the “Guarantors” in the Guaranty and the other Loan Documents
shall include such New Guarantor as a “Guarantor”; 
 (b) it shall comply with, and be subject to, and have the
benefit of, all of the terms, conditions, covenants, agreements and obligations set forth in the Guaranty; and
 (c) each
of the representations and warranties of such Guarantor contained in the Guaranty, in the Collateral Agreement or in any other Loan Document is true and correct in all material respects on and as of the date hereof, except to the extent that such
representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date. 

Without limiting the generality of the foregoing terms of this paragraph 2, each New Guarantor hereby, jointly and severally together with the other
Guarantors, guarantees to the Administrative Agent, for the benefit of the Guaranteed Parties, to the extent provided in Section 2 of the Guaranty, the prompt payment and performance of the Guaranteed Obligations in full when due
(whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) strictly in accordance with the terms of the Guaranty. 

3. Joinder as a Grantor. Each of the New Subsidiary and the New Borrower (together, the “New Grantors”),
by execution of this Agreement, hereby represents, warrants, acknowledges and agrees that: 
 (a) from and after the date
hereof (i) it is a Grantor (as defined in the Collateral Agreement), as provided in Section 7.12 of the Collateral Agreement, under the Collateral Agreement as if a signatory thereof on the Closing Date, (ii) each reference to
a “Grantor” or the “Grantors” in the Collateral Agreement and the other Loan Documents shall include such New Grantor, and (iii) each reference to the “Collateral” in the Collateral Agreement and the other Loan
Documents shall include all Collateral (as defined in the Collateral Agreement) of each New Grantor (other than any Excluded Assets of a New Grantor); and

(b) it shall comply with, and be subject to, and have the benefit of, all of the terms, conditions, covenants, agreements and
obligations set forth in the Collateral Agreement
 Without limiting the generality of the foregoing terms of this paragraph 3, each New Grantor
hereby, to the extent set forth in Section 2.1 of the Collateral Agreement grants to the Administrative Agent, for the ratable benefit of the Secured Parties, a continuing security interest in, and, to the extent set forth in
Section 7.6 of the Collateral Agreement, a right of setoff against, any and all right, title and interest, whether now or hereafter owned or acquired, of each New Grantor in and to the Collateral of such New Grantor. 

4. Reaffirmation. Each Loan Party (including the New Loan Parties): 

(a) acknowledges, agrees and consents to the transactions set forth in paragraphs 1 through 3 of this Agreement (collectively, the
“Joinder Transactions”); 

 (b) confirms and reaffirms its obligations under the Credit Agreement, as applicable, and
each other Loan Document to which it is a party, after giving effect to the Joinder Transactions; 
 (c) acknowledges and
agrees that each reference to the “Credit Agreement,” to the “Guaranty” or to the “Collateral Agreement” as used in any Loan Document shall mean the Credit Agreement, the Guaranty, and the Collateral Agreement,
respectively, as supplemented hereby (including by the Joinder Transactions) and as otherwise amended, restated, supplemented or otherwise modified prior to the date hereof; and

(d) agrees that after giving effect to this Agreement and the Joinder Transactions, the Credit Agreement, the Guaranty, the
Collateral Agreement and each other Loan Document to which it is a party remain in full force and effect, and each are hereby ratified and confirmed by such Loan Party. 

5. Schedules. Attached hereto as Annex A is a supplement to Schedule 5.03 of the Credit Agreement and to each of the
Schedules to the Collateral Agreement to the extent such Schedules have changed since the Closing Date or will change as a result of the execution and delivery hereof (which supplements include, as of the date hereof, all information required to be
provided therein with respect to the New Loan Parties), in each case as of the date hereof. 
 6. Notices. All notices
and communications to any New Loan Party shall be given to the address of the Borrower set forth in, and otherwise made in accordance with, Section 10.02 of the Credit Agreement, Section 7.2 of the Collateral Agreement and
Section 15 of the Guaranty, as applicable. 
 7. Waiver. Each New Guarantor hereby waives acceptance by the
Administrative Agent and the Guaranteed Parties of the guarantee by such New Loan Party under the Guaranty. 
 8. Advice of
Counsel. Each Loan Party (including each New Loan Party) hereby acknowledges that (a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents to which it is a party and
(b) it has received a copy of the Credit Agreement and the other Loan Documents and has reviewed and understands the same. 

9. Counterparts; Etc. This Agreement may be executed in counterparts (and by different parties hereto in different counterparts),
each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other electronic imaging means shall be
effective as delivery of a manually executed counterpart of this Agreement. 
 10. Governing Law. This Agreement shall be
governed by and construed and interpreted in accordance with the laws of the State of New York. 
 [Signature Pages Follow]

 IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be duly executed
as of the date first above written. 
  

							
	BORROWER:	 		 	THE BABCOCK & WILCOX COMPANY
				
		 		 	By:	 	/s/ Jenny L. Apker
		 		 	Name:	 	Jenny L. Apker
		 		 	Title:	 	Vice President and Treasurer
			
	GUARANTORS:	 		 	BABCOCK & WILCOX INVESTMENT COMPANY
				
		 		 	By:	 	/s/ Jenny L. Apker
		 		 	Name:	 	Jenny L. Apker
		 		 	Title:	 	Vice President and Treasurer
			
		 		 	BABCOCK & WILCOX INDIA HOLDINGS, INC.
				
		 		 	By:	 	/s/ Jenny L. Apker
		 		 	Name:	 	Jenny L. Apker
		 		 	Title:	 	Treasurer
			
	ONLY FOR THE PURPOSES
OF PARAGRAPH 4:	 		 	 AMERICON EQUIPMENT SERVICES, INC.

AMERICON, INC.

APPLIED SYNERGISTICS, INC.

BABCOCK & WILCOX CHINA HOLDINGS, INC.

BABCOCK & WILCOX CONSTRUCTION CO, INC.

BABCOCK & WILCOX DENMARK HOLDINGS, INC.

BABCOCK & WILCOX EBENSBURG POWER, INC.

BABCOCK & WILCOX EQUITY INVESTMENTS, INC.

BABCOCK & WILCOX INTERNATIONAL SALES
AND SERVICE CORPORATION

BABCOCK & WILCOX INTERNATIONAL, INC.

BABCOCK & WILCOX MODULAR NUCLEAR ENERGY LLC

BABCOCK & WILCOX NUCLEAR ENERGY, INC.

BABCOCK & WILCOX NUCLEAR OPERATIONS
GROUP, INC.

BABCOCK & WILCOX POWER GENERATION GROUP, INC.

BABCOCK & WILCOX TECHNOLOGY, INC.

BABCOCK & WILCOX TECHNICAL SERVICES
CLINCH RIVER, LLC

BABCOCK & WILCOX TECHNICAL SERVICES GROUP, INC.

BWX TECHNOLOGIES, INC.

BWXT FEDERAL SERVICES, INC.

Babcock & Wilcox 

Joinder and Reaffirmation Agreement 

			
	 BWXT WASHINGTON, INC.

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.

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

INTECH, INC.

IVEY-COOPER SERVICES, L.L.C.

MARINE MECHANICAL CORPORATION

NFS HOLDINGS, INC.

NOG-ERWIN HOLDINGS, INC.

NUCLEAR FUEL SERVICES, INC.

O&M HOLDING COMPANY

PALM BEACH RESOURCE RECOVERY CORPORATION

POWER SYSTEMS OPERATIONS, INC.

REVLOC RECLAMATION SERVICE, INC.

SOFCO - EFS HOLDINGS LLC

		
	By:	 	/s/ Jenny L. Apker
	Name:	 	Jenny L. Apker
	Title:	 	Treasurer
	
	NATIONAL ECOLOGY COMPANY
		
	By:	 	/s/ Jenny L. Apker
	Name:	 	Jenny L. Apker
	Title:	 	Authorized Representative

Babcock & Wilcox 

Joinder and Reaffirmation Agreement 

			
	 BWXT HANFORD COMPANY

BWXT OF IDAHO, INC.

BWXT OF OHIO, INC.

BABCOCK & WILCOX TECHNICAL SERVICES
SAVANNAH RIVER COMPANY

		
	By:	 	/s/ Jenny L. Apker
	Name:	 	Jenny L. Apker
	Title:	 	Assistant Treasurer

Babcock & Wilcox 

Joinder and Reaffirmation Agreement 

			
	 Acknowledged and accepted:
  

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

		
	By:	 	/s/ Bridgett J. Manduk
	Name:	 	Bridgett J. Manduk
	Title:	 	Assistant Vice President

 Babcock
& Wilcox 
 Joinder and Reaffirmation Agreement 

 ANNEX A 

Supplemental Schedules 

[Attached Hereto] 

 Schedule 5.03 

Ownership of Subsidiaries 
  

									
	 Name
	  	Jurisdiction of
Organization	  	Number of
Shares
Authorized	  	Number of
Shares
Outstanding	  	% of Outstanding Shares
held by Borrower (direct
or indirect)
	 Americon Equipment Services, Inc.
	  	Delaware	  	1,000	  	1,000	  	100%
					
	 Americon, Inc.
	  	Delaware	  	1,000	  	100	  	100%
					
	 Applied Synergistics, Inc.
	  	Delaware	  	1,000	  	1,000	  	100%
					
	 Babcock & Wilcox Canada Ltd.
	  	Ontario	  	1,000,000	  	500,000	  	100%
					
	 Babcock & Wilcox China Holdings, Inc
	  	Delaware	  	1,000	  	1,000	  	100%
					
	 Babcock & Wilcox Construction Co., Inc.
	  	Delaware	  	1,000	  	100	  	100%
					
	 Babcock & Wilcox Denmark Holdings, Inc.
	  	Delaware	  	1,000	  	1,000	  	100%
					
	 Babcock & Wilcox Ebensburg Power, Inc.
	  	Delaware	  	1,000	  	1,000	  	100%
					
	 Babcock & Wilcox Equity Investments, Inc.
	  	Delaware	  	1,000	  	1,000	  	100%
					
	 Babcock & Wilcox India Private Limited
	  	India	  	1,000,000	  	675,020	  	100%
					
	 Babcock & Wilcox International Sales and Service Corporation
	  	Delaware	  	1,000	  	1,000	  	100%
					
	 Babcock & Wilcox International, Inc.
	  	Delaware	  	1,000	  	1,000	  	100%
					
	 Babcock & Wilcox Michoud Operations,
LLC1
	  	Louisiana	  	N/A	  	N/A	  	100%
					
	 Babcock & Wilcox Modular Nuclear Energy LLC
	  	Delaware	  	N/A	  	N/A	  	100%
					
	 Babcock & Wilcox Nuclear Operations Group, Inc.*
	  	Delaware	  	1,000	  	1,000	  	100%
					
	 Babcock & Wilcox Nuclear Energy, Inc.
	  	Delaware	  	1,000	  	1,000	  	100%
					
	 Babcock & Wilcox Power Generation Group, Inc.
	  	Delaware	  	101,000	  	101,000	  	100%
					
	 Babcock & Wilcox Technical Services (U.K.) Limited*
	  	United
Kingdom	  	100	  	2	  	100%
					
	 Babcock & Wilcox Technical Services Clinch River, LLC*
	  	Delaware	  	N/A	  	N/A	  	100%
					
	 Babcock & Wilcox Technical Services Group, Inc.*
	  	Delaware	  	1,000	  	1,000	  	100%
					
	 Babcock & Wilcox Technical Services Savannah River Company*
	  	Delaware	  	1,000	  	1,000	  	100%
					
	 Babcock & Wilcox Technology, Inc.
	  	Delaware	  	1000	  	1000	  	100%
					
	 Babcock & Wilcox Volund
	  	Denmark	  	100,000	  	100,000	  	100%

  

	1
	 Entity is inactive and is being dissolved. 

									
	 Name
	  	Jurisdiction of
Organization	  	Number of Shares
Authorized	 	Number of Shares
Outstanding	  	% of Outstanding Shares
held by Borrower (direct
or indirect)
	 A/S
	  		  		 		  	
					
	 BCE Parts Ltd.
	  	Ontario	  	Unlimited	 	1	  	100%
					
	 BWX Technologies, Inc.*
	  	Delaware	  	1,000	 	1,000	  	100%
					
	 BWXT Federal Services, Inc. *
	  	Delaware	  	1,000	 	1,000	  	100%
					
	 BWXT Hanford Company*
	  	Delaware	  	1,000	 	1,000	  	100%
					
	 BWXT of Idaho, Inc. *
	  	Delaware	  	800 Series A	 	800 Series A	  	100%
		  		  	200 Series B	 	200 Series B	  	
					
	 BWXT of Ohio, Inc. *
	  	Delaware	  	1,000	 	1,000	  	100%
					
	 BWXT Washington, Inc. *
	  	Delaware	  	1,000	 	1,000	  	100%
					
	 Delta Power Services, LLC
	  	Delaware	  	N/A	 	N/A	  	100%
					
	 Diamond Operating Co., Inc.
	  	Delaware	  	1,000	 	1,000	  	100%
					
	 Diamond Power Australia Holdings, Inc.
	  	Delaware	  	1,000	 	1,000	  	100%
					
	 Diamond Power Central & Eastern Europe s.r.o.
	  	Czech Republic	  	200,000	 	200,000	  	100%
					
	 Diamond Power China Holdings, Inc.
	  	Delaware	  	1,000	 	1,000	  	100%
					
	 Diamond Power do Brasil Limitada
	  	Brazil	  	500,000	 	300,000	  	100%
					
	 Diamond Power Equity Investments, Inc.
	  	Delaware	  	1,000	 	1,000	  	100%
					
	 Diamond Power Finland OY
	  	Finland	  	600	 	600	  	100%
					
	 Diamond Power Germany GmbH**
	  	Germany	  	125,700	 	125,700	  	94.9%
 (119,400 shares)

					
	 Diamond Power International, Inc.
	  	Delaware	  	1,000	 	1,000	  	100%
					
	 Diamond Power Services S.E.A. Ltd.
	  	Thailand	  	784	 	784	  	79.7%
 (625 shares)

					
	 Diamond Power Specialty (Proprietary) Limited
	  	Republic of
South Africa	  	1,000	 	1	  	100%
					
	 Diamond Power Specialty Limited
	  	United
Kingdom	  	500,000	 	500,000	  	100%
					
	 Diamond Power Sweden AB
	  	Sweden	  	5,000	 	5,000	  	100%
					
	 DPS Berkeley, LLC
	  	Delaware	  	N/A	 	N/A	  	100%
					
	 DPS Cadillac, LLC
	  	Delaware	  	N/A	 	N/A	  	100%
					
	 DPS Florida, LLC
	  	Delaware	  	N/A	 	N/A	  	100%
					
	 DPS Gregory, LLC
	  	Delaware	  	N/A	 	N/A	  	100%
					
	 DPS Lowell Cogen, LLC
	  	Delaware	  	N/A	 	N/A	  	100%
					
	 DPS Mecklenburg, LLC
	  	Delaware	  	N/A	 	N/A	  	100%
					
	 DPS Michigan, LLC
	  	Delaware	  	N/A	 	N/A	  	100%
					
	 DPS Mojave, LLC
	  	Delaware	  	N/A	 	N/A	  	100%
					
	 DPS Sabine, LLC
	  	Delaware	  	N/A	 	N/A	  	100%
					
	 Ebensburg Power Company ***
	  	Pennsylvania	  	N/A
 (Partnership)
	 	N/A	  	50.005%
					
	 Intech International Inc.
	  	Ontario	  	Unlimited	 	1,000	  	100%
					
	 Intech, Inc.
	  	Tennessee	  	50,000 Series A
 50,000 Series B
	 	2,500 Series A 0
Series B	  	100%
					
	 Ivey-Cooper Services, L.L.C.
	  	Tennessee	  	N/A	 	N/A	  	100%
					
	 Marine Mechanical Corporation*
	  	Delaware	  	1,500,000 Class A
500,000 Class B
1,500 Preferred	 	549,858.59 Class A
0 Class B 0 Preferred
	  	100%
					
	 National Ecology Company
	  	Delaware	  	1,000	 	1,000	  	100%
					
	 NFS Holdings, Inc. *
	  	Delaware	  	100,000	 	100,000	  	100%

									
	 Name
	  	Jurisdiction of
Organization	  	Number of
Shares
Authorized	  	Number of
Shares
Outstanding	  	% of Outstanding Shares
held by Borrower (direct
or indirect)
	 NOG-Erwin Holdings, Inc. *
	  	Delaware	  	1,000	  	1,000	  	100%
					
	 North County Recycling, Inc.
2
	  	California	  	1,000	  	300	  	100%
					
	 Nuclear Fuel Services, Inc. *
	  	Delaware	  	5,000	  	1,683	  	100%
					
	 O&M Holding Company
	  	Delaware	  	1,000	  	1,000	  	100%
					
	 P. T. Babcock & Wilcox Asia
	  	Indonesia	  	1,200	  	800	  	100%
					
	 Palm Beach Resource Recovery Corporation
	  	Florida	  	60	  	60	  	100%
					
	 Power Systems Operations, Inc.
	  	Delaware	  	1,000	  	1,000	  	100%
					
	 Revloc Reclamation Service, Inc.
	  	Delaware	  	1,000	  	1,000	  	100%
					
	 SOFCo – EFS Holdings LLC
	  	Delaware	  	N/A	  	N/A	  	100%

  

	*	Certain existing Requirements of Law and/or material contracts of the BWXT Entities restrict the transfer or hypothecation of any Stock in the BWXT Entities.

	**	The Constituent Documents of Diamond Power Germany GmbH restrict the transfer or hypothecation of any Stock in such Person. 

	***	The Amended & Restated Agreement of Ebensburg Power Company dated as of June 30, 1992 restricts the transfer or hypothecation of any Stock in the
partnership. Ebensburg Power Company is a general partnership owned 50.5% by Ebensburg Investors Limited (an unaffiliated third party), and 49.5% by B&W Ebensburg Power, Inc. (a wholly-owned subsidiary of the Borrower). The Borrower indirectly
owns a 1% interest in Ebensburg Investors Limited. 

  

 

	2
	 Entity is inactive and is being dissolved. 

									
	 Name
	  	Jurisdiction of
Organization	  	Number of
Shares
Authorized	  	Number of
Shares
Outstanding	  	% of Outstanding Shares
held by Borrower (direct
or indirect)
	 B&W de Panama, Inc.
	  	Panama	  	100,000	  	100,000	  	100%
					
	 Babcock & Wilcox Conversion Services LLC
	  	Delaware	  	N/A	  	N/A	  	51%
					
	 Babcock & Wilcox de Monterrey, S.A. de C.V.
	  	Mexico	  	Common –
Unlimited
Variable –
11,349,464	  	Common –
50,000
Variable –
11,349,464	  	100%
					
	 Babcock & Wilcox India Holdings, Inc.
	  	Delaware	  	1,000	  	1,000	  	100%
					
	 Babcock & Wilcox International Investments Co., Inc.
	  	Panama	  	100,000	  	100,000	  	100%
					
	 Babcock & Wilcox Investment Company
	  	Delaware	  	1,000	  	1,000	  	100%
					
	 Babcock & Wilcox Modular Nuclear Energy, LLC
	  	Delaware	  	N/A	  	N/A	  	100%
					
	 Babcock & Wilcox Nuclear Services (U.K.) Limited
	  	United
Kingdom	  	100	  	2	  	100%
					
	 Babcock & Wilcox Shaw Remediation, LLC
	  	Delaware	  	N/A	  	N/A	  	75%
					
	 Creole Insurance Company, Ltd.
	  	Bermuda	  	2,000	  	2,000	  	100%
					
	 Diamond Power Machine (Hubei) Co., Inc.
	  	China	  	N/A	  	N/A	  	100%
					
	 DPS Piedmont, LLC
	  	Delaware	  	N/A	  	N/A	  	100%
					
	 Gotaverken Miljo AB
	  	Sweden	  	5,000	  	5,000	  	100%
					
	 Servicios de Fabricacion de Valle Soleado, S.A. de C.V.
	  	Mexico	  	Unlimited	  	50,000	  	100%
					
	 Servicios Profesionales de Valle Soleado, S.A. de C.V.
	  	Mexico	  	Unlimited	  	50,000	  	100%

 SCHEDULE 3.3 

TO PLEDGE AND SECURITY AGREEMENT 

PERFECTED FIRST PRIORITY LIENS 

UCC Filings 
 A UCC1
Financing Statement listing each Grantor, as debtor, and the Collateral Agent, as secured party, should be filed in the applicable governmental offices set forth below. 

 

			
	 Grantor
	  	 Jurisdiction of Filing

	Americon Equipment Services, Inc.	  	Delaware Secretary of State
	Americon, Inc.	  	Delaware Secretary of State
	Applied Synergistics, Inc.	  	Delaware Secretary of State
	Babcock & Wilcox China Holdings, Inc.	  	Delaware Secretary of State
	Babcock & Wilcox Construction Co., Inc.	  	Delaware Secretary of State
	Babcock & Wilcox Denmark Holdings, Inc.	  	Delaware Secretary of State
	Babcock & Wilcox Ebensburg Power, Inc.	  	Delaware Secretary of State
	Babcock & Wilcox Equity Investments, Inc.	  	Delaware Secretary of State
	Babcock & Wilcox India Holdings, Inc.	  	Delaware Secretary of State
	Babcock & Wilcox International Sales and	  	Delaware Secretary of State
	Service Corporation	  	
	Babcock & Wilcox International, Inc.	  	Delaware Secretary of State
	Babcock & Wilcox Investment Company	  	Delaware Secretary of State
	Babcock & Wilcox Modular Nuclear Energy	  	
	LLC	  	Delaware Secretary of State
	Babcock & Wilcox Nuclear Energy, Inc.	  	Delaware Secretary of State
	Babcock & Wilcox Power Generation Group,	  	Delaware Secretary of State
	Inc.	  	
	Babcock & Wilcox Technology, Inc.	  	Delaware Secretary of State
	Delta Power Services, LLC	  	Delaware Secretary of State
	Diamond Operating Co., Inc.	  	Delaware Secretary of State
	Diamond Power Australia Holdings, Inc.	  	Delaware Secretary of State
	Diamond Power China Holdings, Inc.	  	Delaware Secretary of State
	Diamond Power Equity Investments, Inc.	  	Delaware Secretary of State
	Diamond Power International, Inc.	  	Delaware Secretary of State
	DPS Berkeley, LLC	  	Delaware Secretary of State
	DPS Cadillac, LLC	  	Delaware Secretary of State
	DPS Florida, LLC	  	Delaware Secretary of State
	DPS Gregory, LLC	  	Delaware Secretary of State
	DPS Lowell Cogen, LLC	  	Delaware Secretary of State
	DPS Mecklenburg, LLC	  	Delaware Secretary of State
	DPS Michigan, LLC	  	Delaware Secretary of State
	DPS Mojave, LLC	  	Delaware Secretary of State
	DPS Sabine, LLC	  	Delaware Secretary of State
	Intech, Inc.	  	Tennessee Secretary of State
	Ivey-Cooper Services, L.L.C.	  	Tennessee Secretary of State
	National Ecology Company	  	Delaware Secretary of State

  

 Schedule 3.3 – Page 1 

			
	O&M Holding Company	  	Delaware Secretary of State
	Palm Beach Resource Recovery Corporation	  	Florida Secured Transaction Registry
	Power Systems Operations, Inc.	  	Delaware Secretary of State
	Revloc Reclamation Service, Inc.	  	Delaware Secretary of State
	SOFCo – EFS Holdings LLC	  	Delaware Secretary of State
	The Babcock & Wilcox Company	  	Delaware Secretary of State

 To perfect the Lien in
Fixtures, a UCC1 Financing Statement listing the applicable Grantor, as debtor, and the Collateral Agent, as secured party, should be filed in the real property records of the county in which such Fixtures are located. Each such UCC1 Financing
Statement will need to include a legal description of the real property upon which such Fixtures are located. 
 Actions with
respect to Pledged Securities 
 The original of all Pledged Securities evidence by either a Certificated Security or Instrument should be
delivered to the Collateral Agent, together with an undated stock or note power, as applicable, duly executed in blank by the applicable Grantor. 

Actions with respect to Patents and Trademarks 

For Collateral consisting of Patents and Trademarks, the applicable Grantors should execute an Intellectual Property Security Agreement, and such
agreement should be recorded with the United States Patent and Trademark Office. 
 Actions with respect to Copyrights 

 For Collateral consisting of Copyrights, the applicable Grantors should execute an Intellectual Property Security Agreement, and such
agreement should be recorded with the United States Copyright Office. 
  

 Schedule 3.3 – Page 2 

 SCHEDULE 3.4 

TO PLEDGE AND SECURITY AGREEMENT 

NAME; JURISDICTION OF ORGANIZATION, ETC. 
  

									
	 Exact Legal Name of Grantor
	  	Type of
Organization	  	Jurisdiction of
Organization	  	 Chief Executive Office
	  	Organizational
Identification
Number
	Americon Equipment Services, Inc.	  	Corporation	  	Delaware	  	74 Robinson Avenue Barberton, OH 44203	  	2077236
					
	Americon, Inc.	  	Corporation	  	Delaware	  	74 Robinson Avenue Barberton, OH 44203	  	2058172
					
	Applied Synergistics, Inc.	  	Corporation	  	Delaware	  	1019 Dillard Drive Lynchburg, VA 24502-0158	  	3596853
					
	Babcock & Wilcox China Holdings, Inc.	  	Corporation	  	Delaware	  	20 S. Van Buren Ave. Barberton, OH 44203-0351	  	3563042
					
	Babcock & Wilcox Construction Co., Inc.	  	Corporation	  	Delaware	  	74 Robinson Avenue Barberton, OH 44203	  	2058181
					
	Babcock & Wilcox Denmark Holdings, Inc.	  	Corporation	  	Delaware	  	20 S. Van Buren Ave. Barberton, OH 44203-0351	  	3563041
					
	Babcock & Wilcox Ebensburg Power, Inc.	  	Corporation	  	Delaware	  	20 S. Van Buren Avenue Barberton, OH 44203	  	2109431
					
	Babcock & Wilcox Equity Investments, Inc.	  	Corporation	  	Delaware	  	20 S. Van Buren Ave. Barberton, OH 44203-0351	  	2050183
					
	Babcock & Wilcox India Holdings, Inc.	  	Corporation	  	Delaware	  	20 S. Van Buren Ave. Barberton, OH 44203-0351	  	4795557
					
	Babcock & Wilcox International Sales and Service Corporation	  	Corporation	  	Delaware	  	20 S. Van Buren Ave. Barberton, OH 44203-0351	  	0795023
					
	Babcock & Wilcox International, Inc.	  	Corporation	  	Delaware	  	20 S. Van Buren Ave. Barberton, OH 44203-0351	  	0914783
					
	Babcock & Wilcox Investment Company	  	Corporation	  	Delaware	  	The Harris Building, 13024 Ballantyne Corporate Place, Suite 700, Charlotte, North Carolina 28277	  	2235817
					
	Babcock & Wilcox Modular Nuclear Energy LLC	  	Limited
Liability
Company	  	Delaware	  	2016 Mount Athos Road Lynchburg, VA 24504-5447	  	4697877
					
	Babcock & Wilcox Nuclear Energy, Inc.	  	Corporation	  	Delaware	  	2016 Mount Athos Road Lynchburg, VA 24504-5447	  	4293945
					
	Babcock & Wilcox Power Generation Group, Inc.	  	Corporation	  	Delaware	  	20 S. Van Buren Ave. Barberton, OH 44203-0351	  	0847234

  

 Schedule 3.4 – Page 1 

									
	 Exact Legal Name of Grantor
	  	Type of
Organization	  	Jurisdiction of
Organization	  	 Chief Executive Office
	  	Organizational
Identification
Number
	Babcock & Wilcox Technology, Inc.	  	Corporation	  	Delaware	  	2016 Mount Athos Road Lynchburg, VA 24504-5447	  	2725506
					
	Delta Power Services, LLC	  	Limited
Liability
Company	  	Delaware	  	363 N. Sam Houston Parkway E, Suite 350 Houston, TX 77060	  	3363308
					
	Diamond Operating Co., Inc.	  	Corporation	  	Delaware	  	185 Great Valley Parkway Malvern, PA 19355-1321	  	3498044
					
	Diamond Power Australia Holdings, Inc.	  	Corporation	  	Delaware	  	2600 E. Main Street Lancaster, OH 43130	  	3563045
					
	Diamond Power China Holdings, Inc.	  	Corporation	  	Delaware	  	2600 E. Main Street Lancaster, OH 43130	  	3563044
					
	Diamond Power Equity Investments, Inc.	  	Corporation	  	Delaware	  	2600 E. Main Street Lancaster, OH 43130	  	3563043
					
	Diamond Power International, Inc.	  	Corporation	  	Delaware	  	2600 E. Main Street Lancaster, OH 43130	  	2725505
					
	DPS Berkeley, LLC	  	Limited
Liability
Company	  	Delaware	  	363 N. Sam Houston Parkway E, Suite 350 Houston, TX 77060	  	3685555
					
	DPS Cadillac, LLC	  	Limited
Liability
Company	  	Delaware	  	363 N. Sam Houston Parkway E, Suite 350 Houston, TX 77060	  	4111828
					
	DPS Florida, LLC	  	Limited
Liability
Company	  	Delaware	  	363 N. Sam Houston Parkway E, Suite 350 Houston, TX 77060	  	4050781
					
	DPS Gregory, LLC	  	Limited
Liability
Company	  	Delaware	  	363 N. Sam Houston Parkway E, Suite 350 Houston, TX 77060	  	3879537
					
	DPS Lowell Cogen, LLC	  	Limited
Liability
Company	  	Delaware	  	363 N. Sam Houston Parkway E, Suite 350 Houston, TX 77060	  	4060363
					
	DPS Mecklenburg, LLC	  	Limited
Liability
Company	  	Delaware	  	363 N. Sam Houston Parkway E, Suite 350 Houston, TX 77060	  	3860060
					
	DPS Michigan, LLC	  	Limited
Liability
Company	  	Delaware	  	363 N. Sam Houston Parkway E, Suite 350 Houston, TX 77060	  	3768604
					
	DPS Mojave, LLC	  	Limited
Liability
Company	  	Delaware	  	363 N. Sam Houston Parkway E, Suite 350 Houston, TX 77060	  	3950476
					
	DPS Sabine, LLC	  	Limited
Liability
Company	  	Delaware	  	363 N. Sam Houston Parkway E, Suite 350 Houston, TX 77060	  	4138849
					
	Intech, Inc.	  	Corporation	  	Tennessee	  	2802 Belle Arbor Drive Chattanooga, TN 37406	  	282042
					
	Ivey-Cooper Services, L.L.C	  	Limited
Liability
Company	  	Tennessee	  	2815 Belle Arbor Drive Chattanooga, TN 37406	  	0401423

  

 Schedule 3.4 – Page 2 

									
	 Exact Legal Name of Grantor
	  	Type of
Organization	  	Jurisdiction of
Organization	  	 Chief Executive Office
	  	Organizational
Identification
Number
	National Ecology Company	  	Corporation	  	Delaware	  	20 S. Van Buren Ave. Barberton, OH 44203-0351	  	2209966
					
	O&M Holding Company	  	Corporation	  	Delaware	  	20 S. Van Buren Ave. Barberton, OH 44203-0351	  	4568185
					
	Palm Beach Resource Recovery Corporation	  	Corporation	  	Florida	  	6101 West 45th
Street West Palm Beach, FL 33410	  	H27351
					
	Power Systems Operations, Inc.	  	Corporation	  	Delaware	  	20 S. Van Buren Avenue Barberton, OH 44203-0351	  	2074007
					
	Revloc Reclamation Service, Inc.	  	Corporation	  	Delaware	  	20 S. Van Buren Avenue Barberton, OH 44203-0351	  	2234938
					
	SOFCo – EFS Holdings LLC	  	Limited
 Liability

Company
	  	Delaware	  	20 S. Van Buren Ave. Barberton, Ohio 44203	  	3494936
					
	The Babcock & Wilcox Company	  	Corporation	  	Delaware	  	The Harris Building, 13024 Ballantyne Corporate Place, Suite 700, Charlotte, North Carolina 28277	  	100714367

 Prior Names during last 5 years:

 On November 20, 2007, The Babcock & Wilcox Company changed its name to Babcock & Wilcox Power Generation Group, Inc.

 On November 20, 2007, The Babcock & Wilcox Companies changed its name to The Babcock & Wilcox Company, and then on
March 8, 2010, changed its name to Babcock & Wilcox Investment Company 
 On April 20, 2010, McDermott Technology, Inc.
changed its name to Babcock & Wilcox Technology, Inc. 
 On April 29, 2010, Babcock & Wilcox Nuclear Power Generation
Group, Inc. changed its name to Babcock & Wilcox Nuclear Energy, Inc. 
  

 Schedule 3.4 – Page 3 

 Prior Addresses during last 5 years: 

The former chief executive office of Americon Equipment Services, Inc. was located at: 3333 Copley Road, Copley, OH 44321. 

The former chief executive office of the following entities was located at 90 E. Tuscarawas Ave., Barberton, OH 44203: 

Americon, Inc. 

Babcock & Wilcox Construction Co., Inc. 

The former chief executive office of the following entities was located at 1450 Poydras Street, New Orleans, LA 70112: 

Babcock & Wilcox Equity Investments, Inc. 

Babcock & Wilcox Holdings, Inc. 

Babcock & Wilcox International Sales and Service Corporation 

Babcock & Wilcox International, Inc. 

Babcock & Wilcox Investment Company 

Babcock & Wilcox Power Generation Group, Inc. 

The former chief executive office of the following entities was located at 1415 Louisiana Street, Suite 3500, Houston, TX 77002: 

Delta Power Services, LLC 

DPS Cadillac, LLC 

DPS Florida, LLC 

DPS Mojave, LLC 
 The former
chief executive office of the following entities was located at 67 Park Place East, Morristown, NJ 07960: 
 DPS Berkeley, LLC

 DPS Michigan, LLC 

The former chief executive office of the following entities was located at 7022 Wild Violet Drive, Humble, TX 77346: 

DPS Gregory, LLC 

DPS Mecklenburg, LLC 
 The
former chief executive office of DPS Lowell Cogen, LLC was located at: 282 Western Avenue, Lowell, MA 01852 
 The former chief executive office
of DPS Sabine, LLC was located at: 4647 FM1006 at: 4647 FM 1006 at Lanxess Plant, Orange, TX 
 The former chief executive office of
Babcock & Wilcox Investment Company was located at: 800 Main Street, Lynchburg, VA, 25404 
  

 Schedule 3.4 – Page 4 

 SCHEDULE 3.7 

TO PLEDGE AND SECURITY AGREEMENT 

INVESTMENT PROPERTY 

Pledged Stock: 
  

															
	 Grantor
	  	 Issuer
	  	Type of
Organization	  	# of
Shares
Owned	  	Total
Shares
Outstanding	  	% of
Interest
Pledged1	 	Certificate
No.	  	Par Value
per share
	Americon, Inc.	  	Americon Equipment Services, Inc.	  	Corporation	  	1,000	  	1,000	  	100%	 	1	  	$1.00
								
	Babcock & Wilcox Power Generation Group, Inc.	  	Americon, Inc.	  	Corporation	  	100	  	100	  	100%	 	2	  	$10.00
								
	Diamond Power International, Inc.	  	Applied Synergistics, Inc.	  	Corporation	  	1,000	  	1,000	  	100%	 	2	  	1.00
								
	Babcock & Wilcox Power Generation Group, Inc.	  	Babcock & Wilcox Canada
Ltd.2	  	Corporation	  	500,000	  	500,000	  	65%	 	1	  	None
								
	Babcock & Wilcox Equity Investments, Inc.	  	Babcock & Wilcox China Holdings, Inc.	  	Corporation	  	1,000	  	1,000	  	100%	 	1	  	$1.00
								
	Americon, Inc.	  	Babcock & Wilcox Construction Co., Inc.	  	Corporation	  	100	  	100	  	100%	 	2	  	$10.00
								
	Babcock & Wilcox Equity Investments, Inc.	  	Babcock & Wilcox Denmark Holdings, Inc.	  	Corporation	  	1,000	  	1,000	  	100%	 	1	  	$1.00

  

	1
	 Notwithstanding any Grantor’s delivery to the Collateral Agent of any Certificated Security evidencing more than 65% of the Voting Stock of any
Foreign Subsidiary, the Collateral does not include any Excluded Stock. 

	2
	 The stock certificate lists the issuing entity as Babcock & Wilcox Industries Ltd., which is the prior legal name of Babcock & Wilcox
Canada Ltd. 

  

 Schedule 3.7 – Page 1 

															
	 Grantor
	  	 Issuer
	  	Type of
Organization	  	# of
Shares
Owned	  	Total
Shares
Outstanding	  	% of
Interest
Pledged1	 	Certificate
No.	  	Par Value
per share
	Babcock & Wilcox Equity Investments, Inc.	  	Babcock & Wilcox Ebensburg Power, Inc.	  	Corporation	  	1,000	  	1,000	  	100%	 	1	  	$1.00
								
	Babcock & Wilcox Power Generation Group, Inc.	  	Babcock & Wilcox Equity Investments, Inc.	  	Corporation	  	1,000	  	1,000	  	100%	 	3	  	$1.00
								
	Babcock & Wilcox Equity Investments, Inc.	  	Babcock & Wilcox India Holdings, Inc.	  	Corporation	  	1,000	  	1,000	  	100%	 	1	  	$1.00
								
	Babcock & Wilcox Power Generation Group, Inc.	  	Babcock & Wilcox India Private Limited	  	Corporation	  	675,000	  	675,020	  	65%	 	05	  	10
Indian
Rupees
								
	Babcock & Wilcox Investment Company	  		  		  	20	  		  	65%	 	03 & 04	  	10
Indian
Rupees
								
	Babcock & Wilcox Power Generation Group, Inc.	  	Babcock & Wilcox International Sales and Service Corporation	  	Corporation	  	1,000	  	1,000	  	100%	 	5	  	$1.00
								
	Babcock & Wilcox Power Generation Group, Inc.	  	Babcock & Wilcox International, Inc.	  	Corporation	  	1,000	  	1,000	  	100%	 	3	  	$10,000
								
	Babcock & Wilcox Power Generation Group, Inc.	  	Babcock & Wilcox International Investments Co., Inc.	  	Corporation	  	100,000	  	100,000	  	65%	 	2	  	None
								
	The Babcock & Wilcox Company	  	Babcock & Wilcox Investment Company	  	Corporation	  	1,000	  	1,000	  	100%	 	6	  	$1.00
								
	Babcock & Wilcox	  	Babcock & Wilcox	  	Corporation	  	1,000	  	1,000	  	100%	 	3	  	$1.00

  

 Schedule 3.7 – Page 2 

															
	 Grantor
	  	 Issuer
	  	Type of
Organization	  	# of
Shares
Owned	  	Total
Shares
Outstanding	  	% of
Interest
Pledged1	 	Certificate No.	  	Par
Value
per share
	 Investment Company
  

(formerly, The Babcock & Wilcox Company)
	  	 Nuclear Energy, Inc.
  

(formerly, Babcock & Wilcox Nuclear Power Generation Group, Inc.)
	  		  		  		  		 		  	
								
	 Babcock & Wilcox Investment Company
  

(formerly, The Babcock & Wilcox Company)
	  	 Babcock & Wilcox Power Generation Group, Inc.
  

(formerly, The Babcock & Wilcox Company)
	  	Corporation	  	100,100	  	100,100	  	100%	 	5	  	$1.00
								
	Babcock & Wilcox Investment Company	  	Babcock & Wilcox Technology, Inc.	  	Corporation	  	1,000	  	1,000	  	100%	 	5	  	$1.00
								
	(formerly, The Babcock & Wilcox Company)	  	(formerly, McDermott Technology, Inc.)	  		  		  		  		 		  	
								
	Babcock & Wilcox Denmark Holdings, Inc.	  	Babcock & Wilcox Volund ApS	  	Corporation	  	100,000	  	100,000	  	65%	 	uncertificated	  	100
Danish
Kroners
								
	Babcock & Wilcox Power Generation Group, Inc.	  	B&W de Panama, Inc.	  	Corporation	  	100,000	  	100,000	  	65%	 	2	  	None
								
	Diamond Power International, Inc.	  	Diamond Operating Co., Inc.	  	Corporation	  	1,000	  	1,000	  	100%	 	1	  	$1.00
								
	Diamond Power Equity Investments, Inc.	  	Diamond Power Australia Holdings, Inc.	  	Corporation	  	1,000	  	1,000	  	100%	 	1	  	$1.00

  

 Schedule 3.7 – Page 3 

															
	 Grantor
	  	 Issuer
	  	Type of
Organization	  	# of
Shares
Owned	  	Total
Shares
Outstanding	 	% of
Interest
Pledged1	 	Certificate
No.	  	Par Value
per share
	Diamond Power Equity Investments, Inc.	  	Diamond Power China Holdings, Inc.	  	Corporation	  	1,000	  	1,000	 	100%	 	1	  	$1.00
								
	Diamond Power International, Inc.	  	Diamond Power Equity Investments, Inc.	  	Corporation	  	1,000	  	1,000	 	100%	 	1	  	$1.00
								
	Babcock & Wilcox Power Generation Group, Inc.	  	Diamond Power International, Inc.	  	Corporation	  	1,000	  	1,000	 	100%	 	2	  	$1.00
								
	Diamond Power International, Inc.	  	Diamond Power Services S.E.A. Ltd.	  	Corporation	  	623
Ordinary
shares	  	784 **
Ordinary
shares
and
496**
Preference
shares	 	100%	 	21 & 22	  	3.700
Thai
Baht
								
	Diamond Power International, Inc.	  	Diamond Power Specialty (Proprietary) Limited	  	Corporation	  	1	  	1	 	65%	 	2	  	1.00
South
African
Rand
								
	Diamond Power International,
Inc.3	  	Diamond Power Specialty Limited	  	Corporation	  	500,000	  	500,000	 	65%	 	14 & 21	  	1.00
Pound
Sterling
								
	 Babcock & Wilcox Nuclear Energy, Inc.
  

(formerly, Babkcock & Wilcox Nuclear Power Generation Group, Inc.)
	  	Intech, Inc.	  	Corporation	  	2,500	  	2,500	 	100%	 	15	  	No par

  

	3
	 The stock certificates list the registered proprietor as Babcock & Wilcox International Sales and Service Corporation. Certificates have not
been reissued since the transfer of ownership to Diamond Power International, Inc. 

  

 Schedule 3.7 – Page 4 

															
	 Grantor
	  	 Issuer
	  	Type of
Organization	  	# of
Shares
Owned	  	Total
Shares
Outstanding	  	% of
Interest
Pledged1	 	Certificate
No.	  	Par Value
per share
	Babcock & Wilcox Power Generation Group, Inc.	  	National Ecology Company	  	Corporation	  	1,000	  	1,000	  	100%	 	4	  	$1.00
								
	Babcock & Wilcox Power Generation Group, Inc.	  	North County Recycling, Inc.	  	Corporation	  	300	  	300	  	100%	 	5	  	$1.00
								
	Power Systems Operations, Inc.	  	O&M Holding Company	  	Corporation	  	1,000	  	1,000	  	100%	 	1	  	$1.00
								
	Babcock & Wilcox Equity Investments, Inc.	  	P. T. Babcock & Wilcox Asia	  	Corporation	  	792	  	800	  	65%	 	0001 - 0297	  	$500.00
								
	Babcock & Wilcox International Sales and Service Corporation	  		  		  	8	  		  	65%	 	0298 - 0300	  	$500.00
								
	Power Systems Operations, Inc.	  	Palm Beach Resource Recovery Corporation	  	Corporation	  	60	  	60	  	100%	 	2	  	No par
								
	Babcock & Wilcox Power Generation Group, Inc.	  	Power Systems Operations, Inc.	  	Corporation	  	1,000	  	1,000	  	100%	 	2	  	$10.00
								
	Power Systems Operations, Inc.	  	Revloc Reclamation Service, Inc.	  	Corporation	  	1,000	  	1,000	  	100%	 	1	  	$1.00

 Footnotes  

 

 Schedule 3.7 – Page 5 

	**	The 623 Ordinary shares owned by Diamond Power International constitute a majority of the Ordinary shares, but only account for a 48.67% effective ownership.
Phothi-Ratana Engineering Co., Ltd. owns all 496 preference shares, which constitute a 50.94% effective ownership. 

  

 Schedule 3.7 – Page 6 

 Pledged LLC Interests: 

 

															
	 Grantor
	  	 Issuer
	  	Type of
Organization	 	# of
Shares
Owned	  	Total
Shares
Outstanding	  	% of
Interest
Pledged4	 	Certificate No.	  	Par Value
per share
	Babcock & Wilcox Nuclear Energy, Inc.	  	Babcock & Wilcox Modular Nuclear Energy LLC	  	Limited
Liability
Company	 	N/A	  	N/A	  	100%	 	uncertificated	  	N/A
								
	O&M Holding Company	  	Delta Power Services, LLC	  	Limited
Liability
Company	 	N/A	  	N/A	  	100%	 	uncertificated	  	N/A
								
	Diamond Power International, Inc.	  	Diamond Power do Brasil Limitada	  	Limited
Liability
Company
(Brazil)	 	297,000
quotas	  	300,000
quotas	  	65%	 	uncertificated	  	1.00
Brazilian
Real
								
	  
 Babcock & Wilcox International Sales and Service
Corporation
	  		  		 	3,000
quotas	  		  	65%	 		  	
								
	Delta Power Services, LLC	  	DPS Berkeley, LLC	  	Limited
Liability
Company	 	N/A	  	N/A	  	100%	 	uncertificated	  	N/A
								
	Delta Power Services, LLC	  	DPS Cadillac, LLC	  	Limited
Liability
Company	 	N/A	  	N/A	  	100%	 	uncertificated	  	N/A
								
	Delta Power Services, LLC	  	DPS Florida, LLC	  	Limited
Liability
Company	 	N/A	  	N/A	  	100%	 	uncertificated	  	N/A
								
	Delta Power Services, LLC	  	DPS Gregory, LLC	  	Limited
Liability
Company	 	N/A	  	N/A	  	100%	 	uncertificated	  	N/A
								
	Delta Power Services, LLC	  	DPS Lowell Cogen, LLC	  	Limited
Liability
Company	 	N/A	  	N/A	  	100%	 	uncertificated	  	N/A
								
	Delta Power Services, LLC	  	DPS Mecklenburg, LLC	  	Limited
Liability
Company	 	N/A	  	N/A	  	100%	 	uncertificated	  	N/A
								
	Delta Power Services, LLC	  	DPS Michigan, LLC	  	Limited
Liability
Company	 	N/A	  	N/A	  	100%	 	uncertificated	  	N/A

  

	4
	 Notwithstanding any Grantor’s delivery to the Collateral Agent of any Certificated Security evidencing more than 65% of the Voting Interest of any
Foreign Subsidiary, the Collateral does not include any Excluded Stock. 

  

 Schedule 3.7 – Page 7 

															
	 Grantor
	  	 Issuer
	  	Type of
Organization	  	# of
Shares
Owned	  	Total
Shares
Outstanding	  	% of
Interest
Pledged4	 	Certificate No.	  	Par Value
per share
	Delta Power Services, LLC	  	DPS Mojave, LLC	  	Limited
Liability
Company	  	N/A	  	N/A	  	100%	 	uncertificated	  	N/A
								
	Delta Power Services, LLC	  	DPS Piedmont, LLC	  	Limited
Liability
Company	  	N/A	  	N/A	  	100%	 	uncertificated	  	N/A
								
	Delta Power Services, LLC	  	DPS Sabine, LLC	  	Limited
Liability
Company	  	N/A	  	N/A	  	100%	 	uncertificated	  	N/A
								
	Babcock & Wilcox Equity Investments, Inc.	  	Ivey Cooper Services, L.L.C.	  	Limited
Liability
Company	  	N/A	  	N/A	  	100%	 	uncertificated	  	N/A
								
	Babcock & Wilcox Technology, Inc.	  	SOFCo-EFS Holdings, LLC	  	Limited
Liability
Company	  	N/A	  	N/A	  	100%	 	uncertificated	  	N/A

 Pledged Partnership Interests: 

Babcock & Wilcox Ebensburg Power, Inc. owns a 49.5% general partnership interest in Ebensburg Power Company (which general partnership interest
is uncertificated). Babcock & Wilcox Ebensburg Power, Inc. owns a 1% general partnership interest in Ebensburg Investors Limited Partnership (an unaffiliated third party), which in turn owns the other 50.5% general partnership interest in
Ebensburg Power Company. 
 Pledged Trust Interests: 

None. 
 Pledged Notes: 

Amended and Restated Global Intercompany Note dated as of August 6, 2010, payable by the New Borrower and certain of its Subsidiaries to the order of
New Borrower, as applicable, and certain of its Subsidiaries extending credit thereunder 
 Pledged Commodities Contracts: 

None. 
  

 Schedule 3.7 – Page 8

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