Document:

Exhibit 10.1

Exhibit 10.1

EXECUTION COPY

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

Dated
as of July 23, 2010

among

CHICAGO BRIDGE & IRON COMPANY N.V.,

THE SUBSIDIARY BORROWERS,

THE INSTITUTIONS FROM TIME TO TIME PARTIES HERETO AS LENDERS

and

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

and

BANK OF AMERICA, N.A.,

as Syndication Agent

and

BNP PARIBAS, THE ROYAL BANK OF SCOTLAND PLC, WELLS FARGO BANK,

N.A. AND CREDIT AGRICOLE CORPORATE & INVESTMENT BANKING,

as Documentation Agents

 

J.P. MORGAN SECURITIES INC. and BANC OF AMERICA SECURITIES LLC,

as Joint Lead Arrangers and Joint Book Runners

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	ARTICLE I: DEFINITIONS
	 	 	1	 
	1.1. Certain Defined Terms
	 	 	1	 
	1.2. Singular/Plural References; Accounting Terms
	 	 	28	 
	1.3. References
	 	 	29	 
	1.4. Supplemental Disclosure
	 	 	29	 
	 
	 	 	 	 
	ARTICLE II: REVOLVING LOAN FACILITY
	 	 	29	 
	2.1. Revolving Loans
	 	 	29	 
	(A) Amount of Revolving Loans
	 	 	29	 
	(B) Borrowing/Election Notice
	 	 	30	 
	(C) Making of Revolving Loans
	 	 	30	 
	(D) Minimum Initial Borrowing
	 	 	30	 
	2.2. Swing Line Loans
	 	 	30	 
	(A) Amount of Swing Line Loans
	 	 	30	 
	(B) Borrowing/Election Notice
	 	 	31	 
	(C) Making of Swing Line Loans
	 	 	31	 
	(D) Repayment of Swing Line Loans
	 	 	31	 
	2.3. Rate Options for all Advances; Maximum Interest Periods
	 	 	32	 
	2.4. Optional Payments; Mandatory Prepayments
	 	 	32	 
	(A) Optional Payments
	 	 	32	 
	(B) Determination of Dollar Amounts of Letters of Credit;
Mandatory Prepayments of Revolving Loans and Cash Collateralization of
Letters of Credit
	 	 	32	 
	2.5. Changes in Commitments
	 	 	34	 
	(A) Voluntary Commitment Reductions
	 	 	34	 
	(B) Increase in Commitments
	 	 	34	 
	2.6. Method of Borrowing
	 	 	37	 
	2.7. Method of Selecting Types and Interest Periods for Advances
	 	 	37	 
	2.8. Minimum Amount of Each Advance
	 	 	37	 
	2.9. Method of Selecting Types and Interest Periods for Conversion and
Continuation of Advances
	 	 	37	 
	(A) Right to Convert
	 	 	37	 
	(B) Automatic Conversion and Continuation
	 	 	37	 
	(C) No Conversion Post-Default or Post-Unmatured Default
	 	 	38	 
	(D) Borrowing/Election Notice
	 	 	38	 
	2.10. Default Rate
	 	 	38	 
	2.11. Method of Payment
	 	 	38	 
	(A) Method of Payment
	 	 	38	 
	(B) Market Disruption
	 	 	39	 
	2.12. Evidence of Debt
	 	 	39	 
	(A) Loan Account
	 	 	39	 
	(B) Register
	 	 	40	 
	(C) Entries in Loan Account and Register
	 	 	40	 

 

ii

 

	 	 	 	 	 
	(D)Noteless Transaction; Notes Issued Upon Request
	 	 	40	 
	2.13. Telephonic Notices
	 	 	40	 
	2.14. Promise to Pay; Interest and Commitment Fees; Interest Payment Dates;
Interest and Fee Basis; Taxes; Loan and Control Accounts
	 	 	40	 
	(A) Promise to Pay
	 	 	41	 
	(B) Interest Payment Dates
	 	 	41	 
	(C) Commitment Fees; Additional Fees
	 	 	41	 
	(D) Interest and Fee Basis; Applicable Floating Rate
Margins, Applicable Eurodollar Margin, Applicable L/C Fee Percentage
and Applicable Commitment Fee Percentage
	 	 	42	 
	(E) Taxes
	 	 	43	 
	2.15. Notification of Advances, Interest Rates, Prepayments and Aggregate
Commitment Reductions
	 	 	47	 
	2.16. Lending Installations
	 	 	47	 
	2.17. Non-Receipt of Funds by the Administrative Agent
	 	 	47	 
	2.18. Termination Date
	 	 	48	 
	2.19. Replacement of Certain Lenders
	 	 	48	 
	2.20. Subsidiary Borrowers
	 	 	49	 
	2.21. Judgment Currency
	 	 	49	 
	2.22. Defaulting Lenders
	 	 	50	 
	(A) Fees
	 	 	50	 
	(B) Voting
	 	 	50	 
	(C) Outstanding Swing Line Loans and Letters of Credit
	 	 	50	 
	(D) New Swing Line Loans and Letters of Credit
	 	 	51	 
	 
	 	 	 	 
	ARTICLE III: THE LETTER OF CREDIT FACILITY
	 	 	52	 
	3.1. Obligation to Issue Letters of Credit
	 	 	52	 
	3.2. Transitional Provision
	 	 	52	 
	3.3. Types and Amounts
	 	 	52	 
	3.4. Conditions
	 	 	53	 
	3.5. Procedure for Issuance of Letters of Credit
	 	 	53	 
	(A) Issuance
	 	 	53	 
	(B) Notice
	 	 	53	 
	(C) No Amendment
	 	 	54	 
	3.6. Letter of Credit Participation
	 	 	54	 
	3.7. Reimbursement Obligation
	 	 	54	 
	3.8. Letter of Credit Fees
	 	 	55	 
	3.9. Borrower and Issuing Bank Reporting Requirements
	 	 	56	 
	(A) Letter of Credit Reports
	 	 	56	 
	(B) Other
	 	 	56	 
	3.10. Indemnification; Exoneration
	 	 	56	 
	(A) Indemnification
	 	 	56	 
	(B) Risk Assumption
	 	 	57	 
	(C) No Liability
	 	 	57	 
	(D) Survival of Agreements and Obligations
	 	 	57	 
	3.11. Market Disruption
	 	 	58	 
	3.12. L/C Collateral Account
	 	 	58	 

 

iii

 

	 	 	 	 	 
	ARTICLE IV: CHANGE IN CIRCUMSTANCES
	 	 	58	 
	4.1. Yield Protection
	 	 	58	 
	(A) Yield Protection
	 	 	58	 
	(B) Non-U.S. Reserve Costs or Fees With Respect to Loans
and Letters of Credit to Borrowers
	 	 	59	 
	4.2. Changes in Capital Adequacy Regulations
	 	 	60	 
	4.3. Availability of Types of Advances
	 	 	60	 
	4.4. Funding Indemnification
	 	 	61	 
	4.5. Lender Statements; Survival of Indemnity
	 	 	61	 
	 
	 	 	 	 
	ARTICLE V: CONDITIONS PRECEDENT
	 	 	61	 
	5.1. Initial Advances and Letters of Credit
	 	 	61	 
	5.2. Initial Advance to Each New Subsidiary Borrower
	 	 	63	 
	5.3. Each Advance and Letter of Credit
	 	 	64	 
	(A) No Defaults
	 	 	64	 
	(B) Representations and Warranties
	 	 	64	 
	(C) Maximum Amounts
	 	 	64	 
	 
	 	 	 	 
	ARTICLE VI: REPRESENTATIONS AND WARRANTIES
	 	 	64	 
	6.1. Organization; Corporate Powers; Dutch Financial Supervision Act
	 	 	64	 
	6.2. Authority, Execution and Delivery; Loan Documents
	 	 	64	 
	(A) Power and Authority
	 	 	64	 
	(B) Execution and Delivery
	 	 	65	 
	(C) Loan Documents
	 	 	65	 
	6.3. No Conflict; Governmental Consents
	 	 	65	 
	6.4. Financial Statements
	 	 	65	 
	(A) Pro Forma Financials
	 	 	65	 
	(B) Audited Financial Statements
	 	 	66	 
	(C) Interim Financial Statements
	 	 	66	 
	6.5. No Material Adverse Change
	 	 	66	 
	6.6. Taxes
	 	 	66	 
	(A) Tax Examinations
	 	 	66	 
	(B) Payment of Taxes
	 	 	67	 
	6.7. Litigation; Loss Contingencies and Violations
	 	 	67	 
	6.8. Subsidiaries
	 	 	67	 
	6.9. ERISA
	 	 	68	 
	6.10. Accuracy of Information
	 	 	68	 
	6.11. Securities Activities
	 	 	69	 
	6.12. Material Agreements
	 	 	69	 
	6.13. Compliance with Laws
	 	 	69	 
	6.14. Assets and Properties
	 	 	69	 
	6.15. Statutory Indebtedness Restrictions
	 	 	69	 
	6.16. Insurance
	 	 	69	 
	6.17. Environmental Matters
	 	 	70	 
	(A) Environmental Representations
	 	 	70	 
	(B) Materiality
	 	 	70	 

 

iv

 

	 	 	 	 	 
	6.18. Representations and Warranties of each Subsidiary Borrower
	 	 	70	 
	(A) Organization and Corporate Powers
	 	 	70	 
	(B) Binding Effect
	 	 	71	 
	(C) No Conflict; Government Consent
	 	 	71	 
	(D) Filing
	 	 	71	 
	(E) No Immunity
	 	 	72	 
	(F) Application of Representations and Warranties
	 	 	72	 
	6.19. Benefits
	 	 	72	 
	6.20. Solvency
	 	 	72	 
	 
	 	 	 	 
	ARTICLE VII: COVENANTS
	 	 	72	 
	7.1. Reporting
	 	 	72	 
	(A) Financial Reporting
	 	 	72	 
	(B)Notice of Default
	 	 	74	 
	(C) Lawsuits
	 	 	74	 
	(D) ERISA Notices
	 	 	75	 
	(E) Other Indebtedness
	 	 	76	 
	(F) Other Reports
	 	 	76	 
	(G) Environmental Notices
	 	 	76	 
	(H) Other Information
	 	 	76	 
	7.2. Affirmative Covenants
	 	 	77	 
	(A) Existence, Etc.
	 	 	77	 
	(B) Corporate Powers; Conduct of Business
	 	 	77	 
	(C) Compliance with Laws, Etc.
	 	 	77	 
	(D) Payment of Taxes and Claims; Tax Consolidation
	 	 	77	 
	(E) Insurance
	 	 	77	 
	(F) Inspection of Property; Books and Records; Discussions
	 	 	78	 
	(G) ERISA Compliance
	 	 	78	 
	(H) Maintenance of Property
	 	 	78	 
	(I) Environmental Compliance
	 	 	78	 
	(J) Use of Proceeds
	 	 	78	 
	(K) Subsidiary Guarantors
	 	 	79	 
	(L) Foreign Employee Benefit Compliance
	 	 	80	 
	7.3. Negative Covenants
	 	 	80	 
	(A) Subsidiary Indebtedness
	 	 	80	 
	(B) Sales of Assets
	 	 	81	 
	(C) Liens
	 	 	82	 
	(D) Investments
	 	 	82	 
	(E) Contingent Obligations
	 	 	83	 
	(F) Conduct of Business; Subsidiaries; Permitted Acquisitions
	 	 	83	 
	(G) Transactions with Shareholders and Affiliates
	 	 	85	 
	(H) Restriction on Fundamental Changes
	 	 	85	 
	(I) Sales and Leasebacks
	 	 	85	 
	(J) Margin Regulations
	 	 	85	 
	(K) ERISA
	 	 	85	 
	(L) Corporate Documents
	 	 	86	 
	(M) Fiscal Year
	 	 	86	 

 

v

 

	 	 	 	 	 
	(N) Subsidiary Covenants
	 	 	86	 
	(O) Hedging Obligations
	 	 	86	 
	(P) Issuance of Disqualified Stock
	 	 	86	 
	(Q) Non-Guarantor Subsidiaries
	 	 	87	 
	(R) Intercompany Indebtedness
	 	 	87	 
	(S) Restricted Payments
	 	 	87	 
	7.4. Financial Covenants
	 	 	87	 
	(A) Maximum Leverage Ratio
	 	 	87	 
	(B) Minimum Fixed Charge Coverage Ratio
	 	 	87	 
	(C) Minimum Consolidated Net Worth
	 	 	88	 
	 
	 	 	 	 
	ARTICLE VIII: DEFAULTS
	 	 	88	 
	8.1. Defaults
	 	 	88	 
	(A) Failure to Make Payments When Due
	 	 	88	 
	(B) Breach of Certain Covenants
	 	 	88	 
	(C) Breach of Representation or Warranty
	 	 	88	 
	(D) Other Defaults
	 	 	88	 
	(E) Default as to Other Indebtedness
	 	 	89	 
	(F) Involuntary Bankruptcy; Appointment of Receiver, Etc.
	 	 	89	 
	(G) Voluntary Bankruptcy; Appointment of Receiver, Etc.
	 	 	89	 
	(H) Judgments and Attachments
	 	 	90	 
	(I) Dissolution
	 	 	90	 
	(J) Loan Documents
	 	 	90	 
	(K) Termination Event
	 	 	90	 
	(L) Waiver of Minimum Funding Standard
	 	 	90	 
	(M) Change of Control
	 	 	90	 
	(N) Environmental Matters
	 	 	90	 
	(O) Guarantor Revocation
	 	 	91	 
	 
	 	 	 	 
	ARTICLE IX: ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES
	 	 	91	 
	9.1. Termination of Commitments; Acceleration
	 	 	91	 
	9.2. Amendments
	 	 	92	 
	9.3. Preservation of Rights
	 	 	93	 
	 
	 	 	 	 
	ARTICLE X: GUARANTY
	 	 	93	 
	10.1. Guaranty
	 	 	93	 
	10.2. Waivers; Subordination of Subrogation
	 	 	94	 
	(A) Waivers
	 	 	94	 
	(B) Subordination of Subrogation
	 	 	94	 
	10.3. Guaranty Absolute
	 	 	94	 
	10.4. Acceleration
	 	 	95	 
	10.5. Marshaling; Reinstatement
	 	 	95	 
	10.6. Termination Date
	 	 	96	 
	 
	 	 	 	 
	ARTICLE XI: GENERAL PROVISIONS
	 	 	96	 
	11.1. Survival of Representations
	 	 	96	 

 

vi

 

	 	 	 	 	 
	11.2. Governmental Regulation
	 	 	96	 
	11.3. Performance of Obligations
	 	 	96	 
	11.4. Headings
	 	 	97	 
	11.5. Entire Agreement
	 	 	97	 
	11.6. Several Obligations; Benefits of this Agreement
	 	 	97	 
	11.7. Expenses; Indemnification
	 	 	97	 
	(A) Expenses
	 	 	97	 
	(B) Indemnity
	 	 	98	 
	(C) Waiver of Certain Claims; Settlement of Claims
	 	 	99	 
	(D) Survival of Agreements
	 	 	99	 
	(E) Payment
	 	 	99	 
	11.8. Numbers of Documents
	 	 	99	 
	11.9. Accounting
	 	 	99	 
	11.10. Severability of Provisions
	 	 	100	 
	11.11. Nonliability of Lenders
	 	 	100	 
	11.12. GOVERNING LAW
	 	 	100	 
	11.13. CONSENT TO JURISDICTION; SERVICE OF PROCESS; JURY TRIAL
	 	 	100	 
	(A) EXCLUSIVE JURISDICTION
	 	 	100	 
	(B) OTHER JURISDICTIONS
	 	 	101	 
	(C) VENUE
	 	 	101	 
	(D) SERVICE OF PROCESS
	 	 	101	 
	(E) WAIVER OF JURY TRIAL
	 	 	101	 
	(F) ADVICE OF COUNSEL
	 	 	102	 
	11.14. Other Transactions
	 	 	102	 
	11.15. Subordination of Intercompany Indebtedness
	 	 	102	 
	11.16. Lenders Not Utilizing Plan Assets
	 	 	103	 
	11.17. Collateral
	 	 	103	 
	11.18. USA PATRIOT Act, Bank Secrecy Act and Office of Foreign Assets Control
	 	 	104	 
	 
	 	 	 	 
	ARTICLE XII: THE ADMINISTRATIVE AGENT
	 	 	104	 
	12.1. Appointment; Nature of Relationship
	 	 	104	 
	12.2. Powers
	 	 	104	 
	12.3. General Immunity
	 	 	104	 
	12.4. No Responsibility for Credit Extensions, Creditworthiness, Recitals, Etc.
	 	 	105	 
	12.5. Action on Instructions of Lenders
	 	 	105	 
	12.6. Employment of Agents and Counsel
	 	 	105	 
	12.7. Reliance on Documents; Counsel
	 	 	105	 
	12.8. The Administrative Agent’s Reimbursement and Indemnification
	 	 	105	 
	12.9. Rights as a Lender
	 	 	106	 
	12.10. Lender Credit Decision
	 	 	106	 
	12.11. Successor Administrative Agent
	 	 	106	 
	12.12. Documentation Agents, Syndication Agent and Arrangers
	 	 	107	 
	 
	 	 	 	 
	ARTICLE XIII: SETOFF; RATABLE PAYMENTS
	 	 	107	 
	13.1. Setoff
	 	 	107	 

 

vii

 

	 	 	 	 	 
	13.2. Ratable Payments
	 	 	107	 
	13.3. Application of Payments
	 	 	107	 
	13.4. Relations Among Lenders
	 	 	108	 
	(A) No Action Without Consent
	 	 	108	 
	(B) Not Partners; No Liability
	 	 	109	 
	13.5. Failure to Make Payment
	 	 	109	 
	 
	 	 	 	 
	ARTICLE XIV: BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS
	 	 	109	 
	14.1. Successors and Assigns
	 	 	109	 
	14.2. Participations
	 	 	110	 
	(A) Permitted Participants; Effect
	 	 	110	 
	(B) Voting Rights
	 	 	110	 
	(C) Benefit of Setoff
	 	 	110	 
	14.3. Assignments
	 	 	110	 
	(A) Permitted Assignments
	 	 	110	 
	(B) Effect; Effective Date
	 	 	111	 
	(C) The Register
	 	 	112	 
	(D) Designated Lender
	 	 	112	 
	14.4. Confidentiality
	 	 	113	 
	14.5. Dissemination of Information
	 	 	114	 
	 
	 	 	 	 
	ARTICLE XV: NOTICES
	 	 	114	 
	15.1. Giving Notice
	 	 	114	 
	15.2. Change of Address
	 	 	114	 
	 
	 	 	 	 
	ARTICLE XVI: EXISTING CREDIT AGREEMENT
	 	 	114	 
	16.1. Amendment and Restatement
	 	 	114	 
	16.2. Departing Lenders
	 	 	115	 
	 
	 	 	 	 
	ARTICLE XVII: COUNTERPARTS
	 	 	115	 

 

viii

 

EXHIBITS AND SCHEDULES

Exhibits

	 	 	 	 	 
	EXHIBIT A-1

	 	—
	 	Commitments (Definitions)
	EXHIBIT A-2

	 	—
	 	Issuing Banks
	EXHIBIT A-3

	 	—
	 	Mandatory Cost
	EXHIBIT B

	 	—
	 	Form of Borrowing/Election Notice (Section 2.2 and
Section 2.7 and Section 2.9)
	EXHIBIT C

	 	—
	 	Form of Request for Letter of Credit (Section 3.4)
	EXHIBIT D

	 	—
	 	Form of Assignment and Acceptance Agreement (Sections
2.19 and 14.3)
	EXHIBIT E-1

	 	—
	 	Form of Company’s US Counsel’s Opinion (Section 5.1)
	EXHIBIT E-2

	 	—
	 	Form of Company’s Foreign Counsel’s Opinion (Section
5.1)
	EXHIBIT E-3

	 	—
	 	List of Closing Documents (Section 5.1)
	EXHIBIT E-4

	 	—
	 	Form of Counsel’s Opinion for Subsidiary Borrowers
	EXHIBIT F

	 	—
	 	Form of Officer’s Certificate (Sections 5.3 and
7.1(A)(iii))
	EXHIBIT G

	 	—
	 	Form of Compliance Certificate (Sections 5.3 and
7.1(A)(iii))
	EXHIBIT H

	 	—
	 	Form of Subsidiary Guaranty (Definitions)
	EXHIBIT I

	 	—
	 	Form of Revolving Loan Note
	EXHIBIT J

	 	—
	 	Form of Assumption Letter (Definitions)
	EXHIBIT K

	 	—
	 	Form of Designation Agreement (Section 14.3(D))
	EXHIBIT L

	 	—
	 	Form of Commitment and Acceptance (Section 2.5(B)(i))

Schedules

	 	 	 	 	 
	Schedule 1.1.1

	 	—
	 	Permitted Existing Indebtedness (Definitions)
	Schedule 1.1.2

	 	—
	 	Permitted Existing Investments (Definitions)
	Schedule 1.1.3

	 	—
	 	Permitted Existing Liens (Definitions)
	Schedule 1.1.4

	 	—
	 	Permitted Existing Contingent Obligations

(Definitions)
	Schedule 1.1.5

	 	—
	 	Material Subsidiaries
	Schedule 3.2

	 	—
	 	Transitional Letters of Credit (Section 3.2)
	Schedule 6.4

	 	—
	 	Pro Forma Financial Statements (Section 6.4(A))
	Schedule 6.7

	 	—
	 	FTC Litigation (Section 6.7)
	Schedule 6.8

	 	—
	 	Subsidiaries (Section 6.8)

 

ix

 

	 	 	 	 	 
	Schedule 6.9

	 	—
	 	Pensions and Post-Retirement Plans
	Schedule 6.17

	 	—
	 	Environmental Matters (Section 6.17)
	Schedule 7.3(N)

	 	—
	 	Subsidiary Covenants (Section 7.3(N))
	Schedule 7.3(S)

	 	—
	 	Permitted Restricted Payments (Section 7.3(S))

 

x

 

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

This Third Amended and Restated Credit Agreement dated as of July 23, 2010 is entered into
among Chicago Bridge & Iron Company N.V., a corporation organized under the laws of The Kingdom of
the Netherlands (the “Company”), and one or more Subsidiaries of the Company (whether now existing
or hereafter formed collectively referred to herein as the “Subsidiary Borrowers”), the
institutions from time to time parties hereto as Lenders, whether by execution of this Agreement or
an Assignment Agreement pursuant to Section 14.3, and JPMorgan Chase Bank, N.A., in its capacity as
contractual representative (the “Administrative Agent”) for itself and the other Lenders to amend
and restate the Existing Credit Agreement and, from and after the Closing Date, the Existing Credit
Agreement is hereby amended and restated in its entirety to read as set forth herein. The parties
hereto agree as follows:

ARTICLE I: DEFINITIONS

1.1. Certain Defined Terms. In addition to the terms defined above, the following terms used
in this Agreement shall have the following meanings, applicable both to the singular and the plural
forms of the terms defined as used in this Agreement:

“Accounting Change” is defined in Section 11.9.

“Acquisition” means any transaction, or any series of related transactions, consummated on or
after the date of this Agreement, by which the Company or any of its Subsidiaries (i) acquires any
going business or all or substantially all of the assets of any Person, firm, corporation or
division thereof, whether through purchase of assets, merger or otherwise or (ii) directly or
indirectly acquires (in one transaction or as the most recent transaction in a series of
transactions) at least a majority (in number of votes) of the securities of a corporation which
have ordinary voting power for the election of directors (other than securities having such power
only by reason of the happening of a contingency) or a majority (by percentage of voting power) of
the outstanding Equity Interests of another Person.

“Adjusted Aggregate Commitment” means, on any date of determination, the Aggregate Commitment
minus an amount equal to three percent (3%) of the aggregate face amounts of all Letters of
Credit denominated in Agreed Currencies other than Dollars.

“Adjusted Indebtedness” of a Person means, without duplication, such Person’s Indebtedness but
excluding obligations with respect to (i) the undrawn portion of any Performance Letters of Credit,
bank guarantees supporting obligations comparable to those supported by Performance Letters of
Credit and all reimbursement agreements related thereto and (ii) liabilities of such Person or any
of its Subsidiaries under any sale and leaseback transaction which do not create a liability on the
consolidated balance sheet of such Person.

“Administrative Agent” means JPMorgan in its capacity as contractual representative for itself
and the Lenders pursuant to Article XII hereof and any successor Administrative Agent appointed
pursuant to Article XII hereof.

 

1

 

“Advance” means a borrowing hereunder consisting of the aggregate amount of the several Loans
made by some or all of the Lenders to the applicable Borrower of the same Type and, in the case of
Eurodollar Rate Advances for the same Interest Period.

“Affected Lender” is defined in Section 2.19.

“Affiliate” of any Person means any other Person directly or indirectly controlling,
controlled by or under common control with such Person. A Person shall be deemed to control
another Person if the controlling Person is the “beneficial owner” (as defined in Rule 13d-3 under
the Securities Exchange Act of 1934) of greater than ten percent (10.0%) or more of any class of
voting securities (or other voting interests) of the controlled Person or possesses, directly or
indirectly, the power to direct or cause the direction of the management or policies of the
controlled Person, whether through ownership of Capital Stock, by contract or otherwise.

“Aggregate Commitment” means the aggregate of the Commitments of all the Lenders, as may be
adjusted from time to time pursuant to the terms hereof. The Aggregate Commitment as of the
Closing Date is One Billion and One Hundred Million Dollars ($1,100,000,000).

“Agreed Currencies” means (i) Dollars and (ii) any other Eligible Agreed Currency which the
applicable Borrower requests the applicable Issuing Bank to include as an Agreed Currency hereunder
and which is acceptable to such Issuing Bank and the Administrative Agent. For purposes of this
definition, “Eligible Agreed Currency” means any currency other than Dollars (i) that is readily
available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in
the London interbank market, (iv) which is convertible into Dollars in the international interbank
market and (v) as to which an Equivalent Amount may be readily calculated.

“Agreement” means this Third Amended and Restated Credit Agreement, as it may be amended,
restated or otherwise modified and in effect from time to time.

“Agreement Accounting Principles” means generally accepted accounting principles as in effect
in the United States from time to time, applied in a manner consistent with that used in preparing
the financial statements of the Company referred to in Section 6.4(B) hereof; provided, however,
except as provided in Section 11.9, that with respect to the calculation of financial ratios and
other financial tests required by this Agreement, “Agreement Accounting Principles” means generally
accepted accounting principles as in effect in the United States as of the date of this Agreement,
applied in a manner consistent with that used in preparing the financial statements of the Company
referred to in Section 6.4(B) hereof.

“Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (i) the
Prime Rate in effect on such day, (ii) the Federal Funds Effective Rate in effect on such day
plus 1/2 of 1%, and (iii) the Eurodollar Rate (without giving effect to the Applicable
Eurodollar Margin) for a one month Interest Period on such day (or if such day is not a Business
Day, the immediately preceding Business Day) plus 1%, provided that, for the
avoidance of doubt, the Eurodollar Rate for any day shall be based on the rate appearing on Reuters
Screen LIBOR01 Page (or on any successor or substitute page of such page) at approximately 11:00
a.m. London time on such day. Any change in the Alternate Base Rate due to a change in the
Prime Rate, the Federal Funds Effective Rate or the Eurodollar Rate shall be effective from and
including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or
the Eurodollar Rate, respectively.

 

2

 

“Applicable Commitment Fee Percentage” means, as at any date of determination, the rate per
annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof
determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

“Applicable Eurodollar Margin” means, as at any date of determination, the rate per annum then
applicable to Eurodollar Rate Loans determined in accordance with the provisions of Section
2.14(D)(ii) hereof.

“Applicable Floating Rate Margins” means, as at any date of determination, the rate per annum
then applicable to Floating Rate Loans, determined in accordance with the provisions of Section
2.14(D)(ii) hereof.

“Applicable L/C Fee Percentage” means, as at any date of determination, (x) with respect to
Performance Letters of Credit, the rate per annum then applicable to Performance Letters of Credit,
and (y) with respect to Financial Letters of Credit, the rate per annum then applicable to
Financial Letters of Credit, in each case determined in accordance with the provisions of Section
2.14(D)(ii).

“Arrangers” means JPMSI and BAS, in their respective capacities as the arrangers for the
credit transaction evidenced by this Agreement.

“Asset Sale” means, with respect to any Person, the sale, lease, conveyance, disposition or
other transfer by such Person of any of its assets (including by way of a sale-leaseback
transaction, and including the sale or other transfer of any of the Equity Interests of any
Subsidiary of such Person, but not the Equity Interests of such Person) to any Person other than
the Company or any of its wholly-owned Subsidiaries other than (i) the sale of inventory in the
ordinary course of business and (ii) the sale or other disposition of any obsolete equipment
disposed of in the ordinary course of business.

“Assignment Agreement” means an assignment and acceptance agreement entered into in connection
with an assignment pursuant to Section 14.3 hereof in substantially the form of Exhibit D.

“Assumption Letter” means a letter of a Subsidiary of the Company addressed to the Lenders in
substantially the form of Exhibit J hereto pursuant to which such Subsidiary agrees to become a
“Subsidiary Borrower” and agrees to be bound by the terms and conditions hereof.

“Authorized Officer” means a Managing Director of the Company, or such other Person as
authorized by a Managing Director, acting singly; provided, that the Administrative Agent shall
have received a manually signed certificate of the Secretary of the Company as to the incumbency
of, and bearing a manual specimen signature of, such duly authorized Person.

 

3

 

“Bank Undertaking” means an independent undertaking (within the meaning of, and complying with
the requirements of, 12 C.F.R §§7.1016 or 7.1017) of an issuer thereof (including an Issuing Bank)
as to which such issuer’s obligation to honor depends upon the presentation of specified documents
and not upon nondocumentary conditions or any question or fact or law.

“Bankruptcy Event” means, with respect to any Person, such Person becomes the subject of a
bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator,
custodian, assignee for the benefit of creditors or similar Person charged with the reorganization
or liquidation of its business appointed for it, or, in the good faith determination of the
Administrative Agent, has taken any action in furtherance of, or indicating its consent to,
approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy
Event shall not result solely by virtue of any ownership interest, or the acquisition of any
ownership interest, in such Person by a Governmental Authority or instrumentality thereof,
provided, further, that such ownership interest does not result in or provide such Person with
immunity from the jurisdiction of courts within the United States or from the enforcement of
judgments or writs of attachment on its assets or permit such Person (or such Governmental
Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or
agreements made by such Person.

“BAS” means Banc of America Securities LLC, and its successors.

“Benefit Plan” means a defined benefit plan as defined in Section 3(35) of ERISA (other than a
Multiemployer Plan or Foreign Pension Plan) in respect of which the Company or any other member of
the Controlled Group is, or within the immediately preceding six (6) years was, an “employer” as
defined in Section 3(5) of ERISA.

“Borrower” means, as applicable, any of the Company and the Subsidiary Borrowers, together
with their permitted respective successors and assigns; and “Borrowers” shall mean, collectively,
the Company and the Subsidiary Borrowers.

“Borrowing Date” means a date on which an Advance or Swing Line Loan is made hereunder.

“Borrowing/Election Notice” is defined in Section 2.7.

“Business Day” means (i) with respect to any borrowing, payment or rate selection of Loans
bearing interest at the Eurodollar Rate, a day (other than a Saturday or Sunday) on which banks are
open for business in Chicago, Illinois and New York, New York and on which dealings in Dollars and
the other Agreed Currencies are carried on in the London interbank market (and, if the Letter of
Credit which is the subject of such issuance or payment is denominated in euro, a day upon which
such clearing system as is determined by the Administrative Agent to be suitable for clearing or
settlement of the euro is open for business) and (ii) for all other purposes a day (other than a
Saturday or Sunday) on which banks are open for business in Chicago, Illinois and New York, New
York.

“Buying Lender” is defined in Section 2.5(B)(ii).

 

4

 

“Capital Stock” means (i) in the case of a corporation, corporate stock, (ii) in the case of
an association or business entity, any and all shares, interests, participations, rights or other
equivalents (however designated) of corporate stock, (iii) in the case of a partnership,
partnership interests (whether general or limited) and (iv) any other interest or participation
that confers on a Person the right to receive a share of the profits and losses of, or
distributions of assets of, the issuing Person.

“Capitalized Lease” of a Person means any lease of property by such Person as lessee which
would be capitalized on a balance sheet of such Person prepared in accordance with Agreement
Accounting Principles.

“Capitalized Lease Obligations” of a Person means the amount of the obligations of such Person
under Capitalized Leases which would be capitalized on a balance sheet of such Person prepared in
accordance with Agreement Accounting Principles.

“Cash Equivalents” means (i) marketable direct obligations issued or unconditionally
guaranteed by the United States government and backed by the full faith and credit of the United
States government; (ii) domestic and Eurodollar certificates of deposit and time deposits, bankers’
acceptances and floating rate certificates of deposit issued by any commercial bank organized under
the laws of the United States, any state thereof, the District of Columbia, any foreign bank, or
its branches or agencies, the long-term indebtedness of which institution at the time of
acquisition is rated A- (or better) by S&P or A3 (or better) by Moody’s, and which certificates of
deposit and time deposits are fully protected against currency fluctuations for any such deposits
with a term of more than ninety (90) days; (iii) shares of money market, mutual or similar funds
having assets in excess of $100,000,000 and the investments of which are limited to (x) investment
grade securities (i.e., securities rated at least Baa by Moody’s or at least BBB by S&P) and (y)
commercial paper of United States and foreign banks and bank holding companies and their
subsidiaries and United States and foreign finance, commercial industrial or utility companies
which, at the time of acquisition, are rated A-1 (or better) by S&P or P-1 (or better) by Moody’s
(all such institutions being, “Qualified Institutions”); (iv) commercial paper of Qualified
Institutions; provided that the maturities of such Cash Equivalents shall not exceed three hundred
sixty-five (365) days from the date of acquisition thereof; and (v) auction rate securities
(long-term, variable rate bonds tied to short-term interest rates) that are rated Aaa by Moody’s or
AAA by S&P.

“Change” is defined in Section 4.2.

“Change of Control” means an event or series of events by which:

(i) any “person” or “group” (within the meaning of Sections 13(d) and 14(d)(2) of
the Securities Exchange Act of 1934) becomes the “beneficial owner” (as defined in Rule
13d-3 under the Securities Exchange Act of 1934), directly or indirectly, of twenty
percent (20%) or more of the voting power of the then outstanding Capital Stock of the
Company entitled to vote generally in the election of the directors of the Company; or

 

5

 

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

(iii) except as expressly permitted under the terms of this Agreement, the Company
or any Subsidiary Borrower consolidates with or merges into another Person or conveys,
transfers or leases all or substantially all of its property to any Person, or any
Person consolidates with or merges into the Company or any Subsidiary Borrower, in
either event pursuant to a transaction in which the outstanding Capital Stock of the
Company or such Subsidiary Borrower, as applicable, is reclassified or changed into or
exchanged for cash, securities or other property; or

(iv) except as otherwise expressly permitted under the terms of this Agreement, the
Company shall cease to own and control, either directly or indirectly, all of the
economic and voting rights associated with all of the outstanding Capital Stock of each
of the Subsidiary Guarantors or shall cease to have the power, directly or indirectly,
to elect all of the members of the board of directors of each of the Subsidiary
Guarantors.

“Closing Date” means July 23, 2010.

“Code” means the Internal Revenue Code of 1986, as amended, reformed or otherwise modified
from time to time.

“Commission” means the Securities and Exchange Commission of the United States of America and
any Person succeeding to the functions thereof.

“Commitment” means, for each Lender, the obligation of such Lender to make Revolving Loans and
to purchase participations in Letters of Credit and to participate in Swing Line Loans not
exceeding the amount set forth on Exhibit A-1 to this Agreement opposite its name thereon under the
heading “Commitment” or in the Assignment Agreement by which it became a Lender, as such amount may
be modified from time to time pursuant to the terms of this Agreement or to give effect to any
applicable Assignment Agreement.

“Commitment Increase Notice” is defined in Section 2.5(B)(i).

“Company” means Chicago Bridge & Iron Company N.V., a corporation organized under the laws of
The Kingdom of the Netherlands.

“Computation Date” is defined in Section 2.4(B).

“Consolidated Fixed Charges” means, for any period, the sum of (i) Consolidated Long-Term
Lease Rentals for such period and (ii) consolidated interest expense of the Company and its
Subsidiaries (including capitalized interest and the interest component of Capitalized Leases) for
such period.

 

6

 

“Consolidated Long-Term Lease Rentals” means, for any period, the sum of the minimum amount of
rental and other obligations of the Company and its Subsidiaries required to
be paid during such period under all leases of real or personal property (other than Capital
Leases) having a term (including any required renewals or extensions or any renewals or extensions
at the option of the lessor or lessee) of one year or more after the commencement of the initial
term, determined on a consolidated basis in accordance with GAAP.

“Consolidated Net Income” means, for any period, the net income (or deficit) of the Company
and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP,
but excluding in any event (a) any extraordinary gain or loss (net of any tax effect) and (b) net
earnings of any Person (other than a Subsidiary) in which the Company or any Subsidiary has an
ownership interest unless such net earnings shall have actually been received by the Company or
such Subsidiary in the form of cash distributions.

“Consolidated Net Income Available for Fixed Charges” means, for any period, Consolidated Net
Income plus, to the extent deducted in determining such Consolidated Net Income, (i) provisions for
income taxes and (ii) Consolidated Fixed Charges.

“Consolidated Net Worth” means, at a particular date, all amounts which would be included
under shareholders’ or members’ equity on the consolidated balance sheet for the Company and its
consolidated Subsidiaries plus any preferred stock of the Company to the extent that it has not
been redeemed for indebtedness, as determined in accordance with Agreement Accounting Principles.

“Contaminant” means any waste, pollutant, hazardous substance, toxic substance, hazardous
waste, special waste, petroleum or petroleum-derived substance or waste, asbestos, polychlorinated
biphenyls (“PCBs”), or any constituent of any such substance or waste, and includes but is not
limited to these terms as defined in Environmental, Health or Safety Requirements of Law.

“Contingent Obligation”, as applied to any Person, means any Contractual Obligation,
contingent or otherwise, of that Person with respect to any Indebtedness of another or other
obligation or liability of another, including, without limitation, any such Indebtedness,
obligation or liability of another directly or indirectly guaranteed, endorsed (otherwise than for
collection or deposit in the ordinary course of business), co-made or discounted or sold with
recourse by that Person, or in respect of which that Person is otherwise directly or indirectly
liable, including Contractual Obligations (contingent or otherwise) arising through any agreement
to purchase, repurchase, or otherwise acquire such Indebtedness, obligation or liability or any
security therefor, or to provide funds for the payment or discharge thereof (whether in the form of
loans, advances, stock purchases, capital contributions or otherwise), or to maintain solvency,
assets, level of income, or other financial condition, or to make payment other than for value
received. The amount of any Contingent Obligation shall be equal to the present value of the
portion of the obligation so guaranteed or otherwise supported, in the case of known recurring
obligations, and the maximum reasonably anticipated liability in respect of the portion of the
obligation so guaranteed or otherwise supported assuming such Person is required to perform
thereunder, in all other cases.

 

7

 

“Continuing Director” means, with respect to any person as of any date of determination, any
member of the board of directors of such Person who (a) was a member of
such board of directors on the Closing Date, or (b) was nominated for election or elected to
such board of directors with the approval of the required majority of the Continuing Directors who
were members of such board at the time of such nomination or election; provided that an individual
who is so elected or nominated in connection with a merger, consolidation, acquisition or similar
transaction shall not be a Continuing Director unless such individual was a Continuing Director
prior thereto.

“Contractual Obligation”, as applied to any Person, means any provision of any equity or debt
securities issued by that Person or any indenture, mortgage, deed of trust, security agreement,
pledge agreement, guaranty, contract, undertaking, agreement or instrument (including, without
limitation, the Term Loan Agreement and the Letter of Credit Agreement), in any case in writing, to
which that Person is a party or by which it or any of its properties is bound, or to which it or
any of its properties is subject.

“Control” means the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of a Person, whether through the ability to exercise voting
power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto.

“Controlled Group” means the group consisting of (i) any corporation which is a member of the
same controlled group of corporations (within the meaning of Section 414(b) of the Code) as the
Company; (ii) a partnership or other trade or business (whether or not incorporated) which is under
common control (within the meaning of Section 414(c) of the Code) with the Company; and (iii) a
member of the same affiliated service group (within the meaning of Section 414(m) of the Code) as
the Company, any corporation described in clause (i) above or any partnership or trade or business
described in clause (ii) above.

“Country Risk Event” means:

(i) any law, action or failure to act by any Governmental Authority in the
applicable Borrower’s or Letter of Credit beneficiary’s country which has the effect of:

(a) changing the Obligations as originally agreed,

(b) changing the ownership or control by the applicable Borrower or Letter of
Credit beneficiary of its business, or

(c) preventing or restricting the conversion into or transfer of the applicable
Agreed Currency;

(ii) force majeure; and

(iii) any similar event

which, in relation to (i), (ii) and (iii), directly or indirectly, prevents or restricts the
payment or transfer of any amounts owing under the Obligations in the applicable Agreed Currency
into an
account designated by the Administrative Agent or applicable Issuing Bank and freely available to
the Administrative Agent or such Issuing Bank.

 

8

 

“Credit Exposure” means, with respect to any Lender at any time, the sum of the outstanding
principal amount of such Lender’s Revolving Loans plus such Lender’s L/C Exposure and its
participation interests in the outstanding Swing Line Loans.

“Customary Permitted Liens” means:

(i) Liens (other than Environmental Liens and Liens in favor of the IRS or the
PBGC) with respect to the payment of taxes, assessments or governmental charges in all
cases which are not yet due or (if foreclosure, distraint, sale or other similar
proceedings shall not have been commenced or any such proceeding after being commenced
is stayed) which are being contested in good faith by appropriate proceedings properly
instituted and diligently conducted and with respect to which adequate reserves or other
appropriate provisions are being maintained in accordance with Agreement Accounting
Principles;

(ii) statutory Liens of landlords and Liens of suppliers, mechanics, carriers,
materialmen, warehousemen, service providers or workmen and other similar Liens imposed
by law created in the ordinary course of business for amounts not yet due or which are
being contested in good faith by appropriate proceedings properly instituted and
diligently conducted and with respect to which adequate reserves or other appropriate
provisions are being maintained in accordance with Agreement Accounting Principles;

(iii) Liens (other than Environmental Liens and Liens in favor of the IRS or the
PBGC) incurred or deposits made in the ordinary course of business in connection with
workers’ compensation, unemployment insurance or other types of social security benefits
or to secure the performance of bids, tenders, sales, contracts (other than for the
repayment of borrowed money), surety, appeal and performance bonds; provided that (A)
all such Liens do not in the aggregate materially detract from the value of the
Company’s or its Subsidiary’s assets or property taken as a whole or materially impair
the use thereof in the operation of the businesses taken as a whole, and (B) all Liens
securing bonds to stay judgments or in connection with appeals do not secure at any time
an aggregate amount exceeding $5,000,000;

(iv) Liens arising with respect to zoning restrictions, easements, encroachments,
licenses, reservations, covenants, rights-of-way, utility easements, building
restrictions and other similar charges, restrictions or encumbrances on the use of real
property which do not in any case materially detract from the value of the property
subject thereto or interfere with the ordinary conduct of the business of the Company or
any of its respective Subsidiaries;

(v) Liens of attachment or judgment with respect to judgments, writs or warrants of
attachment, or similar process against the Company or any of its Subsidiaries which do
not constitute a Default under Section 8.1(H) hereof; and

 

9

 

(vi) any interest or title of the lessor in the property subject to any operating
lease entered into by the Company or any of its Subsidiaries in the ordinary course of
business.

“Default” means an event described in Article VIII hereof.

“Defaulting Lender” means any Lender that (a) has failed, within two Business Days of the date
required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion of its
participations in Letters of Credit or Swing Line Loans or (iii) pay over to any Lender Party any
other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such
Lender notifies the Administrative Agent in writing that such failure is the result of such
Lender’s good faith determination that a condition precedent to funding (specifically identified
and including the particular default, if any) has not been satisfied, (b) has notified any Borrower
or any Lender Party in writing, or has made a public statement to the effect, that it does not
intend or expect to comply with any of its funding obligations under this Agreement (unless such
writing or public statement indicates that such position is based on such Lender’s good faith
determination that a condition precedent (specifically identified and including the particular
default, if any) to funding a loan under this Agreement cannot be satisfied) or generally under
other agreements in which it commits to extend credit, (c) has failed, within three Business Days
after request by a Lender Party, acting in good faith, to provide a certification in writing from
an authorized officer of such Lender that it will comply with its obligations to fund prospective
Loans and participations in then outstanding Letters of Credit and Swing Line Loans under this
Agreement, provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause
(c) upon such Lender Party’s receipt of such certification in form and substance satisfactory to it
and the Administrative Agent, or (d) has become the subject of a Bankruptcy Event.

“Departing Lender” means each lender under the Existing Credit Agreement that executes and
delivers to the Administrative Agent a Departing Lender Signature Page.

“Departing Lender Signature Page” means each signature page to this Agreement on which it is
indicated that the Departing Lender executing the same shall cease to be a party to the Existing
Credit Agreement on the Closing Date.

“Designated Lender” means, with respect to each Designating Lender, each Eligible Designee
designated by such Designating Lender pursuant to Section 14.3(D).

“Designating Lender” means, with respect to each Designated Lender, the Lender that designated
such Designated Lender pursuant to Section 14.3(D).

“Designation Agreement” is defined in Section 14.3(D).

“Disclosed Litigation” is defined in Section 6.7.

“Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of any
security into which it is convertible or for which it is exchangeable), or upon the happening of
any event, matures or is mandatorily redeemable, pursuant to a sinking fund
obligation or otherwise, or redeemable at the option of the holder thereof, in whole or in
part, on or prior to the date that is ninety-one (91) days after the Termination Date.

 

10

 

“DOL” means the United States Department of Labor and any Person succeeding to the functions
thereof.

“Dollar” and “$” means dollars in the lawful currency of the United States of America.

“Dollar Amount” of any currency at any date shall mean (i) the amount of such currency if such
currency is Dollars or (ii) the equivalent in such currency of such amount of Dollars if such
currency is any currency other than Dollars, calculated on the basis of the Spot Rate (determined
as of such date, if such date is a Computation Date, or if such date is not a Computation Date, as
of the most recent Computation Date) of the Administrative Agent or the applicable Issuing Bank, as
the case may be.

“Domestic Subsidiary” means a Subsidiary of the Company organized
under the laws of a jurisdiction located in the United States of America and substantially all of
the operations of which are conducted within the United States.

“Dutch Financial Supervision Act” means the Dutch Financial Supervision Act 2007 (Wet
Financieel Toezicht), as amended from time to time.

“EBIT” means, for any period, on a consolidated basis for the Company and its Subsidiaries,
the sum of the amounts for such period, without duplication, calculated in each case in accordance
with Agreement Accounting Principles, of (i) Consolidated Net Income, plus (ii) Interest Expense to
the extent deducted in computing Consolidated Net Income, plus (iii) charges against income for
foreign, federal, state and local taxes to the extent deducted in computing Consolidated Net
Income, plus (iv) any other non-recurring non-cash charges (excluding any such non-cash charges to
the extent any such non-cash charge becomes, or is expected to become, a cash charge in a later
period) to the extent deducted in computing Consolidated Net Income, plus (v) extraordinary losses
incurred other than in the ordinary course of business to the extent deducted in computing
Consolidated Net Income, minus (vi) any non-recurring non-cash credits to the extent added in
computing Consolidated Net Income, minus (vii) extraordinary gains realized other than in the
ordinary course of business to the extent added in computing Consolidated Net Income.

“EBITDA” means, for any period, on a consolidated basis for the Company and its Subsidiaries,
the sum of the amounts for such period, without duplication, calculated in each case in accordance
with Agreement Accounting Principles, of (i) EBIT plus (ii) depreciation expense to the extent
deducted in computing Consolidated Net Income, plus (iii) amortization expense, including, without
limitation, amortization of goodwill and other intangible assets to the extent deducted in
computing Consolidated Net Income, plus (iv) non-cash compensation expenses under stock option
plans for management or employees to the extent deducted in computing Consolidated Net Income.

“Effective Commitment Amount” is defined in Section 2.5(B)(i).

 

11

 

“Eligible Assignee” means a Person that is primarily engaged in the business of commercial
banking and that (A) is an affiliate of a Lender or (B) shall have senior unsecured long-term debt
ratings which are rated at least BBB (or the equivalent) as publicly announced by S&P or Fitch
Investors Services, Inc. or Baa2 (or the equivalent) as publicly announced by Moody’s, or shall
otherwise be reasonably acceptable to the Administrative Agent and the Issuing Banks.

“Eligible Cash Equivalents” means Cash Equivalents consisting of (i) marketable direct
obligations issued or unconditionally guaranteed by the United States government and backed by the
full faith and credit of the United States government, (ii) domestic and Eurodollar certificates of
deposit and time deposits, bankers’ acceptances and floating rate certificates of deposit issued by
any commercial bank organized under the laws of the United States, any state thereof, the District
of Columbia, any foreign bank, or its branches or agencies, the long-term indebtedness of which
institution at the time of acquisition is rated A- (or better) by S&P or A3 (or better) by Moody’s,
and which certificates of deposit and time deposits are fully protected against currency
fluctuations for any such deposits with a term of more than ninety (90) days, (iii) commercial
paper rated at least A-1 by Standard & Poor’s Ratings Services or P-1 by Moody’s Investors Service,
Inc. and maturing not more than thirty (30) days from the date of issuance or (iv) debt securities
other than commercial paper, the issuer of which shall have a senior unsecured long-term debt
rating from Standard & Poor’s Ratings Services of at least A and which debt securities shall mature
not more than thirty (30) days from the date of issuance.

“Eligible Designee” means a special purpose corporation, partnership, limited partnership or
limited liability company that is administered by a Lender or an Affiliate of a Lender and (i) is
organized under the laws of the United States of America or any state thereof, (ii) is engaged
primarily in making, purchasing or otherwise investing in commercial loans in the ordinary course
of its business and (iii) issues (or the parent of which issues) commercial paper rated at least
A-1 or the equivalent thereof by S&P or the equivalent thereof by Moody’s.

“EMU” means Economic and Monetary Union as contemplated in the Treaty on European Union.

“Environmental, Health or Safety Requirements of Law” means all Requirements of Law derived
from or relating to foreign, federal, state and local laws or regulations relating to or addressing
pollution or protection of the environment, or protection of worker health or safety, including,
but not limited to, the Comprehensive Environmental Response, Compensation and Liability Act, 42
U.S.C. § 9601 et seq., the Occupational Safety and Health Act of 1970, 29 U.S.C. § 651 et seq., and
the Resource Conservation and Recovery Act of 1976, 42 U.S.C. § 6901 et seq., in each case
including any amendments thereto, any successor statutes, and any regulations or guidance
promulgated thereunder, and any state or local equivalent thereof.

“Environmental Lien” means a lien in favor of any Governmental Authority for (a) any liability
under Environmental, Health or Safety Requirements of Law, or (b) damages arising from, or costs
incurred by such Governmental Authority in response to, a Release or threatened Release of a
Contaminant into the environment.

 

12

 

“Equity Interests” means Capital Stock and all warrants, options or other rights to acquire
Capital Stock (but excluding any debt security that is convertible into, or exchangeable for,
Capital Stock). Equity Interests will not include any Incentive Arrangements or obligations or
payments thereunder.

“Equivalent Amount” of any currency with respect to any amount of Dollars at any date shall
mean the equivalent in such currency of such amount of Dollars, calculated on the basis of the Spot
Rate (determined as of such date, if such date is a Computation Date, or if such date is not a
Computation Date, as of the most recent Computation Date) of the Administrative Agent or the
applicable Issuing Bank, as the case may be.

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to
time including (unless the context otherwise requires) any rules or regulations promulgated
thereunder.

“Escalating L/C” means each Letter of Credit which provides for an increasing face amount from
time to time.

“euro” and/or “EUR” means the euro referred to in Council Regulation (EC) No. 1103/97 dated
June 17, 1997 passed by the Council of the European Union, or, if different, the then lawful
currency of the member states of the European Union that participate in the third stage of EMU.

“Eurodollar Base Rate” means, with respect to a Eurodollar Rate Advance for the relevant
Interest Period, the applicable British Bankers’ Association Interest Settlement Rate for deposits
in Dollars appearing on Reuters Screen FRBD as of 11:00 a.m. (London time) two Business Days prior
to the first day of such Interest Period, and having a maturity equal to such Interest Period,
provided that, (i) if Reuters Screen FRBD is not available to the Administrative Agent for any
reason, the applicable Eurodollar Reference Rate for the relevant Interest Period shall instead be
the applicable British Bankers’ Association Interest Settlement Rate for deposits in Dollars as
reported by any other generally recognized financial information service as of 11:00 a.m. (London
time) two Business Days prior to the first day of such Interest Period, and having a maturity equal
to such Interest Period, and (ii) if no such British Bankers’ Association Interest Settlement Rate
is available, the applicable Eurodollar Reference Rate for the relevant Interest Period shall
instead be the rate determined by the Administrative Agent to be the rate at which JPMorgan offers
to place deposits in Dollars with first-class banks in the London interbank market at approximately
11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period, in the
approximate amount of JPMorgan’s relevant Eurodollar Loan and having a maturity equal to such
Interest Period.

“Eurodollar Rate” means, with respect to a Eurodollar Rate Advance for the relevant Interest
Period, the sum of (i) the quotient of (a) the Eurodollar Base Rate applicable to such Interest
Period, divided by (b) one minus the Reserve Requirement (expressed as a decimal) applicable to
such Interest Period, plus (ii) the then Applicable Eurodollar Margin, changing as and when the
Applicable Eurodollar Margin changes, plus (iii) for Eurodollar Rate Advances by a Lender from its
office or branch in the United Kingdom, the Mandatory Cost, plus (iv) any other mandatory costs
imposed by any governmental or regulatory authority.

 

13

 

“Eurodollar Rate Advance” means an Advance which bears interest at a Eurodollar Rate.

“Eurodollar Rate Loan” means a Loan made on a fully syndicated basis pursuant to Section 2.1,
which bears interest at a Eurodollar Rate.

“Excluded Foreign Subsidiary” means any Foreign Subsidiary other than those listed as Foreign
Subsidiaries on Schedule 1.1.5.

“Existing Credit Agreement” means that certain Second Amended and Restated Credit Agreement
dated as of October 13, 2006 by and among the Company and certain of the Subsidiary Borrowers
parties thereto, the lenders party thereto and JPMorgan as administrative agent.

“Facility Termination Date” shall mean the date on which all of the Termination Conditions
have been satisfied.

“Federal Funds Effective Rate” means, for any day, an interest rate per annum equal to the
weighted average of the rates on overnight Federal funds transactions with members of the Federal
Reserve System arranged by Federal funds brokers on such day, as published for such day (or, if
such day is not a Business Day, for the immediately preceding Business Day) by the Federal Reserve
Bank of New York, or, if such rate is not so published for any day which is a Business Day, the
average of the quotations at approximately 10:00 a.m. (Chicago time) on such day on such
transactions received by the Administrative Agent from three Federal funds brokers of recognized
standing selected by the Administrative Agent in its sole discretion.

“Financial Credit Obligations” means the sum of the outstanding principal amount of all Loans
and all Financial L/C Obligations.

“Financial Credit Sublimit” means, at any time, an amount equal to 50% of the Aggregate
Commitment at such time.

“Financial L/C Obligations” means, without duplication, an amount equal to the sum of (i) the
aggregate of the Dollar Amount then available for drawing under each of the Financial Letters of
Credit (provided that, with respect to any Escalating L/C which is a Financial Letter of Credit,
such available amount shall equal the maximum Dollar Amount (after giving effect to all possible
increases) available to be drawn under such Escalating L/C), (ii) the Dollar Amount equal to the
stated amount of all outstanding L/C Drafts corresponding to the Financial Letters of Credit, which
L/C Drafts have been accepted by the applicable Issuing Bank, (iii) the aggregate outstanding
Dollar Amount of all Reimbursement Obligations under Financial Letters of Credit at such time and
(iv) the aggregate Dollar Amount equal to the maximum stated amount of all Financial Letters of
Credit requested by the Borrowers but not yet issued or, in the case of an Escalating L/C which is
a Financial Letter of Credit, the portion of such maximum stated amount not yet issued (unless the
request for an unissued Financial Letter of Credit has been denied).

“Financial Letter of Credit” means any letter of credit or Bank Undertaking other than a
Performance Letter of Credit.

 

14

 

“Financial Officer” means any of the chief financial officer, principal accounting officer,
treasurer or controller of the Company, acting singly.

“Fixed Charge Coverage Ratio” is defined in Section 7.4(B).

“Floating Rate” means, for any day for any Loan, a rate per annum equal to the Alternate Base
Rate for such day, changing when and as the Alternate Base Rate changes, plus the then Applicable
Floating Rate Margin.

“Floating Rate Advance” means an Advance which bears interest at the Floating Rate.

“Floating Rate Loan” means a Loan, or portion thereof, which bears interest at the Floating
Rate.

“Foreign Employee Benefit Plan” means any employee benefit plan as defined in Section 3(3) of
ERISA which is maintained or contributed to for the benefit of the employees of the Company, any of
its respective Subsidiaries or any members of its Controlled Group and is not covered by ERISA
pursuant to ERISA Section 4(b)(4).

“Foreign Pension Plan” means any employee benefit plan as described in Section 3(3) of ERISA
for which the Company or any member of its Controlled Group is a sponsor or administrator and which
(i) is maintained or contributed to for the benefit of employees of the Company, any of its
respective Subsidiaries or any member of its Controlled Group, (ii) is not covered by ERISA
pursuant to Section 4(b)(4) of ERISA, and (iii) under applicable local law, is required to be
funded through a trust or other funding vehicle.

“Foreign Subsidiary” means a Subsidiary of the Company which is not a Domestic Subsidiary.

“Funded Issuing Bank” means, at any date of determination, each Issuing Bank which has issued
a Letter of Credit and such Letter of Credit is outstanding as of such date.

“Governmental Acts” is defined in Section 3.10(A).

“Governmental Authority” means any nation or government, any federal, state, local or other
political subdivision thereof and any entity exercising executive, legislative, judicial,
regulatory or administrative authority or functions of or pertaining to government, including any
authority or other quasi-governmental entity established to perform any of such functions.

“Gross Negligence” means recklessness, or actions taken or omitted with conscious indifference
to or the complete disregard of consequences or rights of others affected. Gross Negligence does
not mean the absence of ordinary care or diligence, or an inadvertent act or inadvertent failure to
act. If the term “gross negligence” is used with respect to the Administrative Agent or any Lender
or any indemnitee in any of the other Loan Documents, it shall have the meaning set forth herein.

 

15

 

“Guaranteed Obligations” is defined in Section 10.1.

“Guarantor(s)” shall mean the Company and the Subsidiary Guarantors.

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

“Hedging Arrangements” is defined in the definition of Hedging Obligations below.

“Hedging Obligations” of a Person means any and all obligations of such Person, whether
absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired
(including all renewals, extensions and modifications thereof and substitutions therefor), under
(i) any and all agreements, devices or arrangements designed to protect at least one of the parties
thereto from the fluctuations of interest rates, commodity prices, exchange rates or forward rates
applicable to such party’s assets, liabilities or exchange transactions, including, but not limited
to, dollar-denominated or cross-currency interest rate exchange agreements, forward currency
exchange agreements, interest rate cap or collar protection agreements, forward rate currency or
interest rate options, puts and warrants or any similar derivative transactions (“Hedging
Arrangements”), and (ii) any and all cancellations, buy backs, reversals, terminations or
assignments of any of the foregoing.

“Incentive Arrangements” means any stock ownership, restricted stock, stock option, stock
appreciation rights, “phantom” stock plans, employment agreements, non-competition agreements,
subscription and stockholders agreements and other incentive and bonus plans and similar
arrangements made in connection with the retention of executives, officers or employees of the
Company and its Subsidiaries.

“Indebtedness” of a Person means, without duplication, such Person’s (a) obligations for
borrowed money, (b) obligations representing the deferred purchase price of property or services
(other than (i) accounts payable arising in the ordinary course of such Person’s business payable
on terms customary in the trade, and (ii) earnouts or other similar forms of contingent purchase
prices), (c) obligations, whether or not assumed, secured by Liens or payable out of the proceeds
or production from property or assets now or hereafter owned or acquired by such Person, (d)
obligations which are evidenced by notes, acceptances or other instruments, (e) Capitalized Lease
Obligations, (f) Contingent Obligations, (g) obligations with respect to any letters of credit,
bank guarantees and similar instruments, including, without limitation, Financial Letters of Credit
and Performance Letters of Credit, and all reimbursement agreements related thereto, (h)
Off-Balance Sheet Liabilities and (j) Disqualified Stock.

“Indemnified Matters” is defined in Section 11.7(B).

“Indemnitees” is defined in Section 11.7(B).

 

16

 

“Interest Expense” means, for any period, the total gross interest expense of the Company and
its consolidated Subsidiaries, whether paid or accrued, including, without
duplication, the interest component of Capitalized Leases, commitment and letter of credit
fees, the discount or implied interest component of Off-Balance Sheet Liabilities, capitalized
interest expense, pay-in-kind interest expense, amortization of debt documents and net payments (if
any) pursuant to Hedging Arrangements relating to interest rate protection, all as determined in
conformity with Agreement Accounting Principles.

“Interest Period” means with respect to a Eurodollar Rate Loan, a period of one (1), two (2),
three (3) months or six (6) months, commencing on a Business Day selected by the applicable
Borrower on which a Eurodollar Rate Advance is made to such Borrower pursuant to this Agreement.
Such Interest Period shall end on (but exclude) the day which corresponds numerically to such date
one, two, three or six months thereafter; provided, however, that if there is no such numerically
corresponding day in such next, second, third or sixth succeeding month, such Interest Period shall
end on the last Business Day of such next, second, third or sixth succeeding month. If an Interest
Period would otherwise end on a day which is not a Business Day, such Interest Period shall end on
the next succeeding Business Day, provided, however, that if said next succeeding Business Day
falls in a new calendar month, such Interest Period shall end on the immediately preceding Business
Day.

“Investment” means, with respect to any Person, (i) any purchase or other acquisition by that
Person of any Indebtedness, Equity Interests or other securities, or of a beneficial interest in
any Indebtedness, Equity Interests or other securities, issued by any other Person, (ii) any
purchase by that Person of all or substantially all of the assets of a business (whether of a
division, branch, unit operation, or otherwise) conducted by another Person; (iii) any loan,
advance (other than deposits with financial institutions available for withdrawal on demand,
prepaid expenses, accounts receivable, advances to employees and similar items made or incurred in
the ordinary course of business) or capital contribution actually invested by that Person to any
other Person (but excluding any subsequent passive increases or accretions to the value of such
initial capital contribution), including all Indebtedness to such Person arising from a sale of
property by such Person other than in the ordinary course of its business; and (iv) any non-arms
length transaction by such Person with another Person or any other transfer of assets by such
Person in another Person, with the amount of such Investment being an amount equal to the net
benefit derived by such other Person resulting from any such transactions.

“IRS” means the Internal Revenue Service and any Person succeeding to the functions thereof.

“Issuing Banks” means JPMorgan or any of its Affiliates or any of the other Lenders identified
on Exhibit A-2 hereto (as amended or supplemented from time to time) in its separate capacity as an
issuer of Letters of Credit pursuant to Section 3.1. The designation of any Lender as an Issuing
Bank after the Closing Date shall be subject to the prior written consent of such designee and the
Administrative Agent.

“Issuing Bank Sublimit” means with respect to each Issuing Bank, $1,100,000,000 or such lesser
amount as may be separately agreed in writing between such Issuing Bank and the Company from time
to time (with specific notice of such amount, and any change thereto, with respect to each Issuing
Bank being promptly communicated to the Administrative Agent).

 

17

 

“JPMorgan” means JPMorgan Chase Bank, N.A., in its individual capacity, and its successors.

“JPMSI” means J.P. Morgan Securities Inc, and its successors.

“L/C Collateral Account” is defined in Section 3.12.

“L/C Documents” is defined in Section 3.4.

“L/C Draft” means a draft drawn on an Issuing Bank pursuant to a Letter of Credit.

“L/C Exposure” means with respect to any Lender at any time, such Lender’s Pro Rata Share of
the outstanding L/C Obligations (without giving effect to any L/C Obligations described in clause
(iv) of the definition thereof).

“L/C Interest” is defined in Section 3.6.

“L/C Obligations” means, without duplication, an amount equal to the sum of (i) the aggregate
of the Dollar Amount then available for drawing under each of the Letters of Credit (provided that,
with respect to any Escalating L/C, such available amount shall equal the maximum Dollar Amount
(after giving effect to all possible increases) available to be drawn under such Escalating L/C),
(ii) the Dollar Amount equal to the stated amount of all outstanding L/C Drafts corresponding to
the Letters of Credit, which L/C Drafts have been accepted by the applicable Issuing Bank, (iii)
the aggregate outstanding Dollar Amount of all Reimbursement Obligations at such time and (iv) the
aggregate Dollar Amount equal to the maximum stated amount of all Letters of Credit requested by
the Borrowers but not yet issued or, in the case of an Escalating L/C, the portion of such maximum
stated amount not yet issued (unless the request for an unissued Letter of Credit has been denied).

“Lenders” means the lending institutions listed on the signature pages of this Agreement and
their respective successors and assigns. For the avoidance of doubt, the term “Lenders” excludes
any Departing Lenders.

“Lender Increase Notice” is defined in Section 2.5(B)(i).

“Lender Parent” means, with respect to any Lender, any Person as to which such Lender is,
directly or indirectly, a subsidiary.

“Lender Party” means the Administrative Agent, each Issuing Bank, the Swing Line Bank or any
other Lender.

“Lending Installation” means, with respect to a Lender or the Administrative Agent, any
office, branch, subsidiary or affiliate of such Lender or the Administrative Agent listed on the
signature pages of this Agreement for such Lender, or on the administrative information sheets
provided to the Administrative Agent in connection herewith or otherwise selected by such Lender or
the Administrative Agent pursuant to Section 2.16.

 

18

 

“Letter of Credit” means the Performance Letters of Credit and Financial Letters of Credit to
be (a) issued by the Issuing Banks pursuant to Section 3.1 hereof or (b) deemed issued by the
Issuing Banks pursuant to Section 3.2 hereof.

“Letter of Credit Agreement” means, collectively, those certain Letter of Credit and Term Loan
Agreements, dated as of November 6, 2006, among the Company and certain of its Subsidiaries as
co-obligors, Bank of America, N.A. (“BofA”), as administrative agent, BofA and JPMorgan, as L/C
issuers, and the lenders parties thereto, providing for supplemental term letter of credit
facilities in an aggregate cumulative principal amount not to exceed $600,000,000 and on terms and
conditions satisfactory to the Administrative Agent, in each case, as amended, restated,
supplemented or otherwise modified from time to time.

“Leverage Ratio” is defined in Section 7.4(A).

“Lien” means any lien (statutory or other), mortgage, pledge, hypothecation, assignment,
deposit arrangement, encumbrance or preference, priority or security agreement or preferential
arrangement of any kind or nature whatsoever (including, without limitation, the interest of a
vendor or lessor under any conditional sale, Capitalized Lease or other title retention agreement).

“Loan Account” is defined in Section 2.12(A).

“Loan Documents” means this Agreement, each Assumption Letter executed hereunder, the
Subsidiary Guaranty and all other documents, instruments, notes and agreements executed in
connection therewith or contemplated thereby, as the same may be amended, restated or otherwise
modified and in effect from time to time.

“Loan Parties” means, at any time, the Company, each Subsidiary Borrower that is a party
hereto as of such time and each of the Guarantors.

“Loan(s)” means, with respect to a Lender, such Lender’s portion of any Advance made pursuant
to Section 2.1 hereof, and in the case of the Swing Line Bank, any Swing Line Loan made pursuant to
Section 2.2 hereof, and collectively all Revolving Loans and Swing Line Loans, whether made or
continued as or converted to Floating Rate Loans or Eurodollar Rate Loans.

“Mandatory Cost” is described in Exhibit A-3 hereto.

“Margin Stock” shall have the meaning ascribed to such term in Regulation U.

“Market Disruption” is defined in Section 2.11.

“Material Adverse Effect” means a material adverse effect upon (a) the business, condition
(financial or otherwise), operations, performance, properties, results of operations or prospects
of the Company, any other Borrower, or the Company and its Subsidiaries, taken as a whole, (b) the
collective ability of the Company or any of its Subsidiaries to perform their respective
obligations under the Loan Documents, or (c) the ability of the Lenders or the Administrative Agent
to enforce the Obligations; it being understood and agreed that the
occurrence of a Product Liability Event shall not constitute an event which causes a “Material
Adverse Effect” unless and until the aggregate amount of, or attributable to, Product Liability
Events (to the extent not covered by third-party insurance as to which the insured does not dispute
coverage) exceeds, during any period of twelve (12) consecutive months, the greater of (x)
$20,000,000 and (y) 20% of EBITDA (for the then most recently completed period of four fiscal
quarters of the Company).

 

19

 

“Material Indebtedness” is defined in Section 8.1(E).

“Material Subsidiary” means, without duplication, (a) each Borrowing Subsidiary and (b) any
Subsidiary that directly or indirectly owns or Controls any Borrowing Subsidiary or other Material
Subsidiary and (c) any other Subsidiary (i) the consolidated net revenues of which for the most
recent fiscal year of the Company for which audited financial statements have been delivered
pursuant to Section 7.01(A)(ii) were greater than five percent (5%) of the Company’s consolidated
net revenues for such fiscal year or (ii) the consolidated tangible assets of which as of the end
of such fiscal year were greater than five percent (5%) of the Company’s consolidated tangible
assets as of such date; provided that, if at any time the aggregate amount of the consolidated net
revenues or consolidated tangible assets of all Subsidiaries that are not Material Subsidiaries
exceeds twenty percent (20%) of the Company’s consolidated net revenues for any such fiscal year or
twenty percent (20%) of the Company’s consolidated tangible assets as of the end of any such fiscal
year, the Company (or, in the event the Company has failed to do so within 10 days, the
Administrative Agent) shall designate sufficient Subsidiaries as “Material Subsidiaries” to
eliminate such excess, and such designated Subsidiaries shall for all purposes of this Agreement
constitute Material Subsidiaries. For purposes of making the determinations required by this
definition, revenues and assets of Foreign Subsidiaries shall be converted into Dollars at the
rates used in preparing the consolidated balance sheet of the Company included in the applicable
financial statements. The Material Subsidiaries on the Closing Date are identified in Schedule
1.1.5 hereto.

“Moody’s” means Moody’s Investors Service, Inc.

“Multiemployer Plan” means a “Multiemployer Plan” as defined in Section 4001(a)(3) of ERISA
which is, or within the immediately preceding six (6) years was, contributed to by either the
Company or any member of the Controlled Group.

“Net Cash Proceeds” means, with respect to any Asset Sale or Sale and Leaseback Transaction by
any Person, (a) cash or Cash Equivalents (freely convertible into Dollars) received by such Person
or any Subsidiary of such Person from such Asset Sale or Sale and Leaseback Transaction (including
cash received as consideration for the assumption or incurrence of liabilities incurred in
connection with or in anticipation of such Asset Sale or Sale and Leaseback Transaction), after (i)
provision for all income or other taxes measured by or resulting from such Asset Sale or Sale and
Leaseback Transaction, (ii) payment of all brokerage commissions and other fees and expenses and
commissions related to such Asset Sale or Sale and Leaseback Transaction, and (iii) all amounts
used to repay Indebtedness (and any premium or penalty thereon) secured by a Lien on any asset
disposed of in such Asset Sale or Sale and Leaseback Transaction or which is or may be required (by
the express terms of the instrument governing such Indebtedness or by applicable law) to be repaid
in connection with such Asset
Sale or Sale and Leaseback Transaction (including payments made to obtain or avoid the need
for the consent of any holder of such Indebtedness); and (b) cash or Cash Equivalents payments in
respect of any other consideration received by such Person or any Subsidiary of such Person from
such Asset Sale or Sale and Leaseback Transaction upon receipt of such cash payments by such Person
or such Subsidiary.

 

20

 

“New Money Credit Event” means, with respect to any Issuing Bank, any increase (directly or
indirectly) in such Issuing Bank’s exposure (whether by way of additional credit or banking
facilities or otherwise, including as part of a restructuring) to the applicable Borrower, any
Governmental Authority in such Borrower’s or any applicable Letter of Credit beneficiary’s country
occurring by reason of (i) any law, action or requirement of any Governmental Authority in such
Borrower’s or such Letter of Credit beneficiary’s country, or (ii) any request in respect of
external indebtedness of borrowers in such Borrower’s or such Letter of Credit beneficiary’s
country applicable to banks generally which conduct business with such borrowers, or (iii) any
agreement in relation to clause (i) or (ii), in each case to the extent calculated by reference to
the Obligations outstanding prior to such increase.

“Notice of Assignment” is defined in Section 14.3(B).

“Obligations” means all Loans, L/C Obligations, advances, debts, liabilities, obligations,
covenants and duties owing, by the Borrowers or any of their Subsidiaries to the Administrative
Agent, any Lender, the Swing Line Bank, the Arrangers, any Affiliate of the Administrative Agent or
any Lender, any Issuing Bank, any Indemnitee, of any kind or nature, present or future, arising
under this Agreement, the L/C Documents or any other Loan Document, whether or not evidenced by any
note, guaranty or other instrument, whether or not for the payment of money, whether arising by
reason of an extension of credit, loan, foreign exchange risk, guaranty, indemnification, or in any
other manner, whether direct or indirect (including those acquired by assignment), absolute or
contingent, due or to become due, now existing or hereafter arising and however acquired. The term
includes, without limitation, all interest, charges, expenses, fees, attorneys’ fees and
disbursements, paralegals’ fees (in each case whether or not allowed), and any other sum chargeable
to the Company or any of its Subsidiaries under this Agreement or any other Loan Document.

“Off-Balance Sheet Liabilities” of a Person means (a) any repurchase obligation or liability
of such Person or any of its Subsidiaries with respect to Receivables sold by such Person or any of
its Subsidiaries, (b) any liability of such Person or any of its Subsidiaries under any sale and
leaseback transactions which do not create a liability on the consolidated balance sheet of such
Person, (c) any liability of such Person or any of its Subsidiaries under any financing lease or
so-called “synthetic lease” or “tax ownership operating lease” transaction, or (d) any obligations
of such Person or any of its Subsidiaries arising with respect to any other transaction which is
the functional equivalent of or takes the place of borrowing but which does not constitute a
liability on the consolidated balance sheets of such Person and its Subsidiaries.

“Other Taxes” is defined in Section 2.14(E)(ii).

“Participants” is defined in Section 14.2(A).

 

21

 

“Payment Date” means the last Business Day of each quarter, the Termination Date and the
Facility Termination Date.

“PBGC” means the Pension Benefit Guaranty Corporation, or any successor thereto.

“Performance Letter of Credit” means a letter of credit or Bank Undertaking issued to secure
ordinary course performance obligations of the Company or a Subsidiary in connection with active
construction projects (including projects about to be commenced) or bids for prospective
construction projects.

“Permitted Acquisition” is defined in Section 7.3(F).

“Permitted Existing Contingent Obligations” means the Contingent Obligations of the Company
and its Subsidiaries identified as such on Schedule 1.1.4 to this Agreement.

“Permitted Existing Indebtedness” means the Indebtedness of the Company and its Subsidiaries
identified as such on Schedule 1.1.1 to this Agreement.

“Permitted Existing Investments” means the Investments of the Company and its Subsidiaries
identified as such on Schedule 1.1.2 to this Agreement.

“Permitted Existing Liens” means the Liens on assets of the Company and its Subsidiaries
identified as such on Schedule 1.1.3 to this Agreement.

“Permitted Sale and Leaseback Transactions” means (a) (i) any Sale and Leaseback Transaction
of the Company’s administrative headquarters facility in The Woodlands, Texas and (ii) any Sale and
Leaseback Transaction of all or any portion of the Company’s other property, in each case on terms
acceptable to the Administrative Agent and only to the extent that the aggregate amount of Net Cash
Proceeds from all such Permitted Sale and Leaseback Transactions is less than or equal to
$50,000,000 and (b) any Sale and Leaseback Transaction of the Company’s facility in Plainfield,
Illinois.

“Person” means any individual, corporation, firm, enterprise, partnership, trust, incorporated
or unincorporated association, joint venture, joint stock company, limited liability company or
other entity of any kind, or any government or political subdivision or any agency, department or
instrumentality thereof.

“Plan” means an employee benefit plan defined in Section 3(3) of ERISA, other than a
Multiemployer Plan, in respect of which the Company or any member of the Controlled Group is, or
within the immediately preceding six (6) years was, an “employer” as defined in Section 3(5) of
ERISA.

“Pricing Ratio” means the ratio of (i) all Adjusted Indebtedness of the Company and its
Subsidiaries to (ii) EBITDA.

 

22

 

“Prime Rate” means the prime rate of interest announced by JPMorgan from time to time (which
is not necessarily the lowest rate charged to any customer), changing when and as said prime rate
changes.

“Proposed New Lender” is defined in Section 2.5(B)(i).

“Pro Rata Share” means, with respect to any Lender, the percentage obtained by dividing (A)
the Lender’s Commitment at such time (in each case, as adjusted from time to time in accordance
with the provisions of this Agreement) by (B) the Aggregate Commitment at such time (excluding, in
the case of Section 2.22, at any time a Defaulting Lender shall exist, such Defaulting
Lender’s Commitment); provided, however, if the Commitments are terminated pursuant to the terms of
this Agreement, then “Pro Rata Share” means the percentage obtained by dividing (x) the sum of (A)
such Lender’s Revolving Loans, plus (B) such Lender’s share of the obligations to purchase
participations in Swing Line Loans and Letters of Credit, by (y) the sum of (A) the aggregate
outstanding amount of Revolving Loans, plus (B) the aggregate outstanding amount of all Swing Line
Loans and the Dollar Amount of all Letters of Credit, in each case giving effect to any Lender’s
status as a Defaulting Lender at the time of determination.

“Product Liability Event” means, solely in connection with asbestos-related claims and
litigation, (i) the entry of one or more final judgments or orders against the Company or any
Subsidiary, or (ii) the Company or any Subsidiary (a) enters into settlements for the payment of
money or (b) pays any legal expenses associated with such judgment, orders or settlements and any
and all other aspects of any claims and litigation associated therewith, and with respect to such
judgments or orders, (A) enforcement proceedings are commenced by any creditor upon such judgment
or order, or (B) there is a period of 30 consecutive days during which a stay of enforcement of
such judgment, by reason of a pending appeal or otherwise, is not in effect.

“Purchasers” is defined in Section 14.3(A)(i).

“Rate Option” means the Eurodollar Rate or the Floating Rate, as applicable.

“Receivable(s)” means and includes all of the Company’s and its consolidated Subsidiaries’
presently existing and hereafter arising or acquired accounts, accounts receivable, and all present
and future rights of the Company or its Subsidiaries, as applicable, to payment for goods sold or
leased or for services rendered (except those evidenced by instruments or chattel paper), whether
or not they have been earned by performance, and all rights in any merchandise or goods which any
of the same may represent, and all rights, title, security and guaranties with respect to each of
the foregoing, including, without limitation, any right of stoppage in transit.

“Register” is defined in Section 14.3(C).

“Regulation T” means Regulation T of the Board of Governors of the Federal Reserve System as
from time to time in effect and any successor or other regulation or official interpretation of
said Board of Governors relating to the extension of credit by and to brokers and dealers of
securities for the purpose of purchasing or carrying margin stock (as defined therein).

 

23

 

“Regulation U” means Regulation U of the Board of Governors of the Federal Reserve System as
from time to time in effect and any successor or other regulation or official interpretation of
said Board of Governors relating to the extension of credit by banks, non-banks and non-broker
lenders for the purpose of purchasing or carrying Margin Stock applicable to member banks of the
Federal Reserve System.

“Regulation X” means Regulation X of the Board of Governors of the Federal Reserve System as
from time to time in effect and any successor or other regulation or official interpretation of
said Board of Governors relating to the extension of credit by foreign lenders for the purpose of
purchasing or carrying margin stock (as defined therein).

“Reimbursement Obligation” is defined in Section 3.7.

“Release” means any release, spill, emission, leaking, pumping, injection, deposit, disposal,
discharge, dispersal, leaching or migration into the indoor or outdoor environment, including the
movement of Contaminants through or in the air, soil, surface water or groundwater.

“Replacement Lender” is defined in Section 2.19.

“Reportable Event” means a reportable event as defined in Section 4043 of ERISA and the
regulations issued under such section, with respect to a Plan, excluding, however, such events as
to which the PBGC by regulation or otherwise waived the requirement of Section 4043(a) of ERISA
that it be notified within thirty (30) days after such event occurs, provided, however, that a
failure to meet the minimum funding standards of Section 412 of the Code and of Section 302 of
ERISA shall be a Reportable Event regardless of the issuance of any such waiver of the notice
requirement in accordance with either Section 4043(a) of ERISA or Section 412(d) of the Code.

“Required Lenders” means, subject to Section 2.22(B), Lenders whose Pro Rata Shares,
in the aggregate, are greater than fifty percent (50%); provided, however, that, if the Commitments
have been terminated pursuant to the terms of this Agreement, “Required Lenders” means Lenders
(without regard to the Lenders’ performance of their respective obligations hereunder) whose
aggregate ratable shares (stated as a percentage) of the aggregate outstanding principal balance of
the sum of all Loans and L/C Obligations are greater than fifty percent (50%).

“Requirements of Law” means, as to any Person, the charter and by-laws or other organizational
or governing documents of such Person, and any law, rule or regulation, or determination of an
arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon
such Person or any of its property or to which such Person or any of its property is subject
including, without limitation, the Securities Act of 1933, the Securities Exchange Act of 1934,
Regulations T, U and X, ERISA, the Fair Labor Standards Act, the Worker Adjustment and Retraining
Notification Act, Americans with Disabilities Act of 1990, and any certificate of occupancy, zoning
ordinance, building, environmental or land use requirement or permit or environmental, labor,
employment, occupational safety or health law, rule or regulation, including Environmental, Health
or Safety Requirements of Law.

 

24

 

“Reserve Requirement” means, with respect to an Interest Period, the maximum aggregate reserve
requirement (including all basic, supplemental, marginal and other reserves) which is imposed under
Regulation D on Eurodollar liabilities.

“Restricted Payment” means (i) any dividend or other distribution, direct or indirect, on
account of any Equity Interests of the Company or any of its Subsidiaries now or hereafter
outstanding, except a dividend payable solely in such Person’s Capital Stock (other than
Disqualified Stock) or in options, warrants or other rights to purchase such Capital Stock, (ii)
any redemption, retirement, purchase or other acquisition for value, direct or indirect, of any
Equity Interests of the Company or any of its Subsidiaries now or hereafter outstanding, other than
in exchange for, or out of the proceeds of, the substantially concurrent sale (other than to a
Subsidiary of the Company) of other Equity Interests of the Company or any of its Subsidiaries
(other than Disqualified Stock), (iii) any payment or prepayment of principal of, or interest
(whether in cash or as payment-in-kind), premium, if any, fees or other charges with respect to,
any Indebtedness subordinated to the Obligations, or any redemption, purchase, retirement,
defeasance, prepayment or other acquisition for value, direct or indirect, of any Indebtedness
other than (a) the Obligations and (b) any scheduled payments of principal of or interest with
respect to Company’s Indebtedness issued pursuant to the Term Loan Agreement or the Letter of
Credit Agreement, (iv) any payment of a claim for the rescission of the purchase or sale of, or for
material damages arising from the purchase or sale of, any Indebtedness (other than the
Obligations) or any Equity Interests of the Company or any of its Subsidiaries, or of a claim for
reimbursement, indemnification or contribution arising out of or related to any such claim for
damages or rescission and (v) any payment in respect of a purchase price adjustment, earn-out or
other similar form of contingent purchase price.

“Revolving Credit Availability” means, at any particular time, the amount by which the
Adjusted Aggregate Commitment at such time exceeds the Revolving Credit Obligations outstanding at
such time.

“Revolving Credit Obligations” means, at any particular time, the sum of (i) the outstanding
principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of
the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

“Revolving Loan” is defined in Section 2.1.

“Risk-Based Capital Guidelines” is defined in Section 4.2.

“S&P” means Standard & Poor’s Ratings Group, a division of McGraw-Hill, Inc.

“Sale and Leaseback Transaction” means any lease, whether an operating lease or a Capitalized
Lease, of any property (whether real or personal or mixed), (i) which the Company or one of its
Subsidiaries sold or transferred or is to sell or transfer to any other Person, or (ii) which the
Company or one of its Subsidiaries intends to use for substantially the same purposes as any other
property which has been or is to be sold or transferred by the Company or one of its Subsidiaries
to any other Person in connection with such lease.

“Securities Act” means the Securities Act of 1933, as amended from time to time.

 

25

 

“Selling Lender” is defined in Section 2.5(B)(ii).

“Single Employer Plan” means a Plan maintained by the Company or any member of the Controlled
Group for employees of the Company or any member of the Controlled Group.

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

(i) the fair value of its assets (both at fair valuation and at present fair
saleable value) is equal to or in excess of the total amount of its liabilities,
including, without limitation, contingent liabilities; and

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

(iii) it has capital sufficient to carry on its business as conducted and as
proposed to be conducted.

With respect to contingent liabilities (such as litigation, guarantees and pension plan
liabilities), such liabilities shall be computed at the amount which, in light of all the facts and
circumstances existing at the time, represent the amount which can be reasonably be expected to
become an actual or matured liability.

“Spot Rate” for a currency means the rate determined by the Administrative Agent or the
applicable Issuing Bank, as applicable, to be the rate quoted by the Person acting in such capacity
as the spot rate for the purchase by such Person of such currency with another currency through its
principal foreign exchange trading office on the Business Day immediately preceding the most recent
Computation Date provided for in Section 2.4(B); provided that the Administrative Agent or
such Issuing Bank may obtain such spot rate from another financial institution designated by the
Administrative Agent or the Issuing Bank if the Person acting in such capacity does not have as of
the date of determination a spot buying rate for any such currency; and provided
further that an Issuing Bank may use such spot rate quoted on the date as of which the
foreign exchange computation is made in the case of any Letter of Credit denominated in an Agreed
Currency.

“Subsidiary” means, as to any Person, any corporation, association or other business entity in
which such Person or one or more of its Subsidiaries or such Person and one or more of its
Subsidiaries owns sufficient equity or voting interests to enable it or them (as a group)
ordinarily, in the absence of contingencies, to elect a majority of the directors (or Persons
performing similar functions) of such entity, and any partnership, limited liability company or
joint venture if more than 50% interest in the profits or capital thereof is owned by such Person
or one or more of its Subsidiaries or such Person and one or more of its Subsidiaries (unless such
partnership, limited liability company or joint venture can and does ordinarily take major business
actions without the prior approval of such Person or one or more of its Subsidiaries). Unless the
context otherwise clearly requires, any reference to a “Subsidiary” is a reference to a Subsidiary
of the Company.

 

26

 

“Subsidiary Borrower” means any Subsidiaries of the Company duly designated by the Company
pursuant to Section 2.20 to request Advances hereunder, which Subsidiary shall have delivered to
the Administrative Agent an Assumption Letter in accordance with Section 2.20 and such other
documents as may be required pursuant to this Agreement, in each case together with its respective
successors and assigns, including a debtor-in-possession on behalf of such Subsidiary Borrower.

“Subsidiary Guarantor(s)” means (a) each Subsidiary Borrower, (b) all of the Company’s
Material Subsidiaries (other than any Excluded Foreign Subsidiary); (c) all New Subsidiaries which
are Material Subsidiaries and which have or are required to have satisfied the provisions of
Section 7.2(K)(i); (d) all of the Company’s Subsidiaries which become Material Subsidiaries and
which have satisfied or are required to have satisfied the provisions of Section 7.2(K)(ii); and
(e) all other Subsidiaries which become Subsidiary Guarantors in satisfaction of the provisions of
Section 7.2(K)(iii) or Section 7.3(Q), in each case with respect to clauses (a) through (e) above,
and together with their respective successors and assigns.

“Subsidiary Guaranty” means that certain Subsidiary Guaranty, dated as of August 22, 2003
executed by each of Subsidiary Guarantors as of such date (and any and all supplements thereto
executed from time to time by each additional Subsidiary Guarantor) in favor of the Administrative
Agent in substantially the form of Exhibit H attached hereto, as the same may be amended, restated,
supplemented or otherwise modified from time to time.

“Substantial Portion” means, with respect to the assets of the Company and its Subsidiaries,
assets which (i) represent more than 10% of the consolidated assets of the Company and its
Subsidiaries as would be shown in the consolidated financial statements of the Company and its
Subsidiaries as at the beginning of the twelve-month period ending with the month in which such
determination is made, or (ii) are responsible for more than 10% of the consolidated net sales or
of the consolidated net income of the Company and its Subsidiaries as reflected in the financial
statements referred to in clause (i) above.

“Swing Line Bank” means JPMorgan or any other Lender as a successor Swing Line Bank pursuant
to the terms hereof.

“Swing Line Commitment” means the commitment of the Swing Line Bank to make Swing Line Loans
up to a maximum principal amount of Twenty-Five Million and 00/100 Dollars ($25,000,000) at any one
time outstanding.

“Swing Line Loan” means a Loan made available to the applicable Borrower by the Swing Line
Bank pursuant to Section 2.2 hereof.

“Taxes” is defined in Section 2.14(E)(i).

“Term Loan Agreement” means that certain Term Loan Agreement, dated as of November 9, 2007, by
and among the Company, Chicago Bridge & Iron Company, as the “Borrower”, JPMorgan Chase Bank,
National Association, as “Administrative Agent” thereunder, and the lenders party thereto, as
amended, restated, supplemented or otherwise modified from time to time.

 

27

 

“Termination Conditions” is defined in Section 2.18.

“Termination Date” means the earlier of (a) July 23, 2014, and (b) the date of termination in
whole of the Aggregate Commitment pursuant to Section 2.5 hereof or the Commitments pursuant to
Section 9.1 hereof.

“Termination Event” means (i) a Reportable Event with respect to any Benefit Plan; (ii) the
withdrawal of the Company or any member of the Controlled Group from a Benefit Plan during a plan
year in which the Company or such Controlled Group member was a “substantial employer” as defined
in Section 4001(a)(2) of ERISA or the cessation of operations which results in the termination of
employment of twenty percent (20%) of Benefit Plan participants who are employees of the Company or
any member of the Controlled Group; (iii) the imposition of an obligation on the Company or any
member of the Controlled Group under Section 4041 of ERISA to provide affected parties written
notice of intent to terminate a Benefit Plan in a distress termination described in Section 4041(c)
of ERISA; (iv) the institution by the PBGC or any similar foreign governmental authority of
proceedings to terminate a Benefit Plan or Foreign Pension Plan; (v) any event or condition which
constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a
trustee to administer, any Benefit Plan; (vi) that a foreign governmental authority shall appoint
or institute proceedings to appoint a trustee to administer any Foreign Pension Plan in place of
the existing administrator, or (vii) the partial or complete withdrawal of the Company or any
member of the Controlled Group from a Multiemployer Plan or Foreign Pension Plan.

“Transferee” is defined in Section 14.5.

“Treaty on European Union” means the Treaty of Rome of March 25, 1957, as amended by the
Single European Act 1986 and the Maastricht Treaty (which was signed at Maastricht on February 7,
1992 and came into force on November 1, 1993), as amended from time to time.

“Type” means, with respect to any Loan, its nature as a Floating Rate Loan or a Eurodollar
Rate Loan.

“Unfunded Liabilities” means (i) in the case of Single Employer Plans, the amount (if any) by
which the aggregate accumulated benefit obligations exceeds the aggregate fair market value of
assets of present value of all vested nonforfeitable benefits under all Single Employer Plans as of
the most recent measurement date, all as determined under FAS 87 using the methods and assumptions
used by the Company for financial accounting purposes, and (ii) in the case of Multiemployer Plans,
the withdrawal liability that would be incurred by the Controlled Group if all members of the
Controlled Group completely withdrew from all Multiemployer Plans.

“Unmatured Default” means an event which, but for the lapse of time or the giving of notice,
or both, would constitute a Default.

1.2. Singular/Plural References; Accounting Terms. The foregoing definitions shall be equally
applicable to both the singular and plural forms of the defined terms. Any
accounting terms used in this Agreement which are not specifically defined herein shall have
the meanings customarily given them in accordance with Agreement Accounting Principles.

 

28

 

1.3. References. Any references to the Company’s Subsidiaries shall not in any way be
construed as consent by the Administrative Agent or any Lender to the establishment, maintenance or
acquisition of any Subsidiary, except as may otherwise be permitted hereunder.

1.4. Supplemental Disclosure. At any time at the request of the Administrative Agent and at
such additional times as the Company determines, the Company shall supplement each schedule or
representation herein or in the other Loan Documents with respect to any matter hereafter arising
which, if existing or occurring at the date of this Agreement, would have been required to be set
forth or described in such schedule or as an exception to such representation or which is necessary
to correct any information in such schedule or representation which has been rendered inaccurate
thereby. Notwithstanding that any such supplement to such schedule or representation may disclose
the existence or occurrence of events, facts or circumstances which are either prohibited by the
terms of this Agreement or any other Loan Documents or which result in the breach of any
representation or warranty, such supplement to such schedule or representation shall not be deemed
either an amendment thereof or a waiver of such breach unless expressly consented to in writing by
Administrative Agent and the Required Lenders, and no such amendments, except as the same may be
consented to in a writing which expressly includes a waiver, shall be or be deemed a waiver by the
Administrative Agent or any Lender of any Default disclosed therein. Any items disclosed in any
such supplemental disclosures shall be included in the calculation of any limits, baskets or
similar restrictions contained in this Agreement or any of the other Loan Documents.

ARTICLE II: REVOLVING LOAN FACILITY

2.1. Revolving Loans.

(A) Amount of Revolving Loans. Upon the satisfaction of the conditions precedent set
forth in Sections 5.1, 5.2 and 5.3, as applicable, from and including the Closing Date and
prior to the Termination Date, each Lender severally and not jointly agrees, on the terms
and conditions set forth in this Agreement, to continue the revolving loans outstanding
under the Existing Credit Agreement as of the Closing Date and make revolving loans to the
Borrowers from time to time, in Dollars, in an amount not to exceed such Lender’s Pro Rata
Share of Revolving Credit Availability at such time (each individually, a “Revolving Loan”
and, collectively, the “Revolving Loans”); provided however, at no time shall (i) the
amount of the Revolving Credit Obligations exceed the Adjusted Aggregate Commitment and (ii)
the Financial Credit Obligations exceed the Financial Credit Sublimit. Subject to the terms
of this Agreement, the Borrowers may borrow, repay and reborrow Revolving Loans at any time
prior to the Termination Date. The Revolving Loans made on the Closing Date or on or before
the third (3rd) Business Day thereafter shall initially be Floating Rate Loans and
thereafter may be continued as Floating Rate Loans or converted into Eurodollar Rate Loans
in the manner provided in Section 2.9 and subject to the other conditions and limitations
therein set forth and set forth in this Article II and set forth in the definition of
Interest Period. Revolving Loans
made after the third (3rd) Business Day after the Closing Date shall be, at the option
of the applicable Borrower, either Floating Rate Loans or Eurodollar Rate Loans selected in
accordance with Section 2.9. On the Termination Date, each of the Borrowers shall repay in
full the outstanding principal balance of the Revolving Loans made to it. Each Advance
under this Section 2.1 shall consist of Revolving Loans made by each Lender ratably in
proportion to such Lender’s respective Pro Rata Share.

 

29

 

(B) Borrowing/Election Notice. The applicable Borrower shall deliver to the
Administrative Agent a Borrowing/Election Notice, signed by it, in accordance with the terms
of Section 2.7.

(C) Making of Revolving Loans. Promptly after receipt of the Borrowing/Election Notice
under Section 2.7 in respect of Revolving Loans, the Administrative Agent shall notify each
Lender by telecopy, or other similar form of transmission, of the requested Revolving Loan.
Each Lender shall make available its Revolving Loan in accordance with the terms of Section
2.6. The Administrative Agent will promptly make the funds so received from the Lenders
available to the applicable Borrower at the Administrative Agent’s office in Chicago,
Illinois on the applicable Borrowing Date and shall disburse such proceeds in accordance
with the applicable Borrower’s disbursement instructions set forth in such
Borrowing/Election Notice. The failure of any Lender to deposit the amount described above
with the Administrative Agent on the applicable Borrowing Date shall not relieve any other
Lender of its obligations hereunder to make its Revolving Loan on such Borrowing Date.

(D) Minimum Initial Borrowing. The first borrowing from any Lender shall at all times
be at least the equivalent in Dollars of € 50,000 unless no Borrower incorporated under
Dutch law is borrowing from such Lender.

2.2. Swing Line Loans.

(A) Amount of Swing Line Loans. On the terms and conditions set forth in this
Agreement and upon the satisfaction of the conditions precedent set forth in Section 5.1,
5.2 and 5.3, as applicable, from and including the Closing Date and prior to the Termination
Date, the Swing Line Bank agrees to make swing line loans to the Borrowers from time to
time, in Dollars, in an amount not to exceed the Swing Line Commitment (each, individually,
a “Swing Line Loan” and collectively, the “Swing Line Loans”); provided, however, at no time
shall (i) the amount of the Revolving Credit Obligations exceed the Adjusted Aggregate
Commitment and (ii) the amount of the Financial Credit Obligations exceed the Financial
Credit Sublimit; and provided, further, that at no time shall the sum of (a) the Swing Line
Bank’s Pro Rata Share of the Swing Line Loans, plus (b) the outstanding amount of Revolving
Loans made by the Swing Line Bank pursuant to Section 2.1, plus (c) the Swing Line Bank’s
share of the obligations to purchase participations in Letters of Credit, exceed the Swing
Line Bank’s Commitment at such time. Subject to the terms of this Agreement, the Borrowers
may borrow, repay and reborrow Swing Line Loans at any time prior to the Termination Date.

 

30

 

(B) Borrowing/Election Notice. The applicable Borrower shall deliver to the
Administrative Agent and the Swing Line Bank a Borrowing/Election Notice, signed by it, not
later than 12:00 p.m. (Chicago time) on the Borrowing Date of each Swing Line Loan,
specifying (i) the applicable Borrowing Date (which date shall be a Business Day and which
may be the same date as the date the Borrowing/Election Notice is given), and (ii) the
aggregate amount of the requested Swing Line Loan which shall be an amount not less than
$100,000 (and increments of $100,000 if in excess thereof).

(C) Making of Swing Line Loans. Promptly after receipt of the Borrowing/Election
Notice under Section 2.2(B) in respect of Swing Line Loans the Administrative Agent shall
notify each Lender by telex or telecopy, or other similar form of transmission, of the
requested Swing Line Loan. Not later than 4:00 p.m. (Chicago time) on the applicable
Borrowing Date, the Swing Line Bank shall make available its Swing Line Loan, in funds
immediately available in Chicago to the Administrative Agent at its address specified
pursuant to Article XV. The Administrative Agent will promptly make the funds so received
from the Swing Line Bank available to the applicable Borrower on the Borrowing Date at the
Administrative Agent’s aforesaid address. The Swing Line Loans shall be Floating Rate Loans
unless the applicable Borrower and the Swing Line Bank agree otherwise.

(D) Repayment of Swing Line Loans. Each Swing Line Loan shall be paid in full by the
applicable Borrower on or before the fifth (5th) Business Day after the Borrowing Date for
such Swing Line Loan. The applicable Borrower may at any time pay, without penalty or
premium, all outstanding Swing Line Loans or, in a minimum amount of $100,000 and increments
of $100,000 in excess thereof, any portion of the outstanding Swing Line Loans, upon notice
to the Administrative Agent and the Swing Line Bank. In addition, the Administrative Agent
(i) may at any time in the sole discretion of the Swing Line Bank with respect to any
outstanding Swing Line Loan, or (ii) shall on the fifth (5th) Business Day after the
Borrowing Date of any Swing Line Loan, require each Lender (including the Swing Line Bank)
to make a Revolving Loan in the amount of such Lender’s Pro Rata Share of such Swing Line
Loan, for the purpose of repaying such Swing Line Loan. Not later than 2:00 p.m. (Chicago
time) on the date of any notice received pursuant to this Section 2.2(D), each Lender shall
make available its required Revolving Loan or Revolving Loans, in funds immediately
available in Chicago to the Administrative Agent at its address specified pursuant to
Article XV. Revolving Loans made pursuant to this Section 2.2(D) shall initially be
Floating Rate Loans and thereafter may be continued as Floating Rate Loans or converted into
Eurodollar Rate Loans in the manner provided in Section 2.9 and subject to the other
conditions and limitations therein set forth and set forth in this Article II. Unless a
Lender shall have notified the Swing Line Bank, prior to its making any Swing Line Loan,
that any applicable condition precedent set forth in Sections 5.1, 5.2 and 5.3, as
applicable, had not then been satisfied, such Lender’s obligation to make Revolving Loans
pursuant to this Section 2.2(D) to repay Swing Line Loans shall be unconditional,
continuing, irrevocable and absolute and shall not be affected by any circumstances,
including, without limitation, (a) any set-off, counterclaim, recoupment, defense or other
right which such Lender may have against the Administrative Agent, the Swing Line Bank or
any other Person, (b) the occurrence or continuance of a Default

 

31

 

or Unmatured Default,
(c) any adverse change in the condition (financial or otherwise) of the Company, or (d)
any other circumstances, happening or event whatsoever. In the event that any Lender fails
to make payment to the Administrative Agent of any amount due under this Section 2.2(D), the
Administrative Agent shall be entitled to receive, retain and apply against such obligation
the principal and interest otherwise payable to such Lender hereunder until the
Administrative Agent receives such payment from such Lender or such obligation is otherwise
fully satisfied. In addition to the foregoing, if for any reason any Lender fails to make
payment to the Administrative Agent of any amount due under this Section 2.2(D), such Lender
shall be deemed, at the option of the Administrative Agent, to have unconditionally and
irrevocably purchased from the Swing Line Bank, without recourse or warranty, an undivided
interest and participation in the applicable Swing Line Loan in the amount of such Revolving
Loan, and such interest and participation may be recovered from such Lender together with
interest thereon at the Federal Funds Effective Rate for each day during the period
commencing on the date of demand and ending on the date such amount is received. On the
Termination Date, each of the Borrowers shall repay in full the outstanding principal
balance of all Swing Line Loans made to it.

2.3. Rate Options for all Advances; Maximum Interest Periods. The Swing Line Loans shall be
Floating Rate Loans unless the applicable Borrower and the Swing Line Bank agree otherwise. The
Revolving Loans may be Floating Rate Advances or Eurodollar Rate Advances, or a combination
thereof, selected by the applicable Borrowers in accordance with Section 2.9. The Borrowers may
select, in accordance with Section 2.9, Rate Options and Interest Periods applicable to portions of
the Revolving Loans; provided that there shall be no more than seven (7) Interest Periods in effect
with respect to all of the Loans at any time.

2.4. Optional Payments; Mandatory Prepayments.

(A) Optional Payments. The Borrowers may from time to time and at any time upon at
least one (1) Business Day’s prior written notice repay or prepay, without penalty or
premium all or any part of outstanding Floating Rate Advances in an aggregate minimum amount
of One Million Dollars ($1,000,000) and in integral multiples of One Million Dollars
($1,000,000) in excess thereof. Eurodollar Rate Advances may be voluntarily repaid or
prepaid prior to the last day of the applicable Interest Period, subject to the
indemnification provisions contained in Section 4.4, in an aggregate minimum amount of Four
Million and 00/100 Dollars ($4,000,000) and in integral multiples of One Million and 00/100
Dollars ($1,000,000) in excess thereof; provided, that the applicable Borrower may not so
prepay Eurodollar Rate Advances unless it shall have provided at least three (3) Business
Days’ prior written notice to the Administrative Agent of such prepayment and provided,
further, all Eurodollar Loans constituting part of the same Eurodollar Rate Advance shall be
repaid or prepaid at the same time.

(B) Determination of Dollar Amounts of Letters of Credit; Mandatory Prepayments of
Revolving Loans and Cash Collateralization of Letters of Credit.

(i) The Administrative Agent or the applicable Issuing Bank, as the case may be,
will determine the Dollar Amount of:

(a) each Letter of Credit on each date of issuance, extension and renewal of
such Letter of Credit and each date of an amendment of such Letter of Credit having
the effect of increasing the amount thereof;

 

32

 

(b) each Letter of Credit on each date of any payment by an Issuing Bank under
such Letter of Credit denominated in an Agreed Currency other than Dollars; and

(c) all other outstanding L/C Obligations on and as of the last Business Day of
each calendar month and on any other Business Day elected by the Administrative
Agent or the applicable Issuing Bank, as the case may be, in its discretion or upon
instruction by the Required Lenders.

Each day upon or as of which the Administrative Agent or an Issuing Bank determines
Dollar Amounts as described in the preceding clauses (a), (b) and (c) is herein
described as a “Computation Date” with respect to each Letter of Credit for which a
Dollar Amount is determined on or as of such day.

(ii) If at any time and for any reason (other than as the result of fluctuations in
currency exchange rates) the Dollar Amount of (a) the Revolving Credit Obligations
(calculated, with respect to all L/C Obligations denominated in Agreed Currencies other
than Dollars, as of the most recent Computation Date with respect to each such L/C
Obligation) is greater than the Adjusted Aggregate Commitment or (b) the Financial
Credit Obligations (calculated, with respect to all Financial L/C Obligations
denominated in Agreed Currencies other than Dollars, as of the most recent Computation
Date with respect to each such Financial L/C Obligations) is greater than the Financial
Credit Sublimit, the Borrowers shall immediately make a mandatory prepayment of the
Obligations in an amount equal to such excess.

(iii) If, on any Computation Date, as a result of fluctuations in currency exchange
rates, the Dollar Amount of the Revolving Credit Obligations exceeds, by more than the
Equivalent Amount of $500,000, the Adjusted Aggregate Commitment (such excess being the
“Deficient Amount”), the Administrative Agent shall so notify the Company and the
Lenders of such occurrence and the Borrowers shall immediately remit to the
Administrative Agent a payment in an aggregate principal amount sufficient to eliminate
the Deficient Amount, which funds shall be deposited in the L/C Collateral Account and
shall be held as cash collateral for the benefit of the Revolving Credit Obligations;
provided, however, if and to the extent the Deficient Amount is reduced from one
Computation Date to the immediately succeeding Computation Date, the Administrative
Agent shall (so long as no Default or Unmatured Default is then continuing) promptly
remit to the Company all cash amounts in excess of the Deficient Amount then held in the
L/C Collateral Account on such succeeding Computation Date.

(iv) All of the mandatory prepayments made under this Section 2.4(B) shall be
applied first to Floating Rate Loans and to any Eurodollar Rate Loans maturing on such
date and then to subsequently maturing Eurodollar Rate Loans.

 

33

 

2.5. Changes in Commitments.

(A) Voluntary Commitment Reductions. The Company may permanently reduce the Aggregate
Commitment in whole, or in part ratably among the Lenders, in an aggregate minimum amount of
Ten Million and 00/100 Dollars ($10,000,000) and integral multiples of One Million and
00/100 Dollars ($1,000,000) in excess of that amount (unless the Aggregate Commitment is
reduced in whole), upon at least three (3) Business Day’s prior written notice to the
Administrative Agent, which notice shall specify the amount of any such reduction; provided,
however, that the amount of the Aggregate Commitment may not be reduced below the aggregate
principal amount of the outstanding Revolving Credit Obligations. All accrued commitment
fees shall be payable on the effective date of any termination of all or any part of the
obligations of the Lenders to make Loans hereunder.

(B) Increase in Commitments.

(i) At any time, the Company (on behalf of itself and the other Borrowers) may
request that the Aggregate Commitment be increased by an aggregate principal amount not
in excess of $150,000,000; provided that, without the prior written consent of the
Required Lenders, (a) the Aggregate Commitment shall at no time exceed $1,250,000,000
minus the aggregate amount of all reductions in the Aggregate Commitment previously made
pursuant to Section 2.5(A); (b) the Company shall not be entitled to make more than one
such request during any calendar year; and (c) each such request shall be in a minimum
amount of at least $50,000,000 and increments of $5,000,000 in excess thereof. Such
request shall be made in a written notice given to the Administrative Agent and the
Lenders by the Company not less than twenty (20) Business Days prior to the proposed
effective date of such increase, which notice (a “Commitment Increase Notice”) shall
specify the amount of the proposed increase in the Aggregate Commitment and the proposed
effective date of such increase. In the event of such a Commitment Increase Notice,
each of the Lenders shall be given the opportunity to participate in the requested
increase ratably in proportions that their respective Commitments bear to the Aggregate
Commitment. No Lender shall have any obligation to increase its Commitment pursuant to
a Commitment Increase Notice. On or prior to the date that is fifteen (15) Business
Days after receipt of the Commitment Increase Notice, each Lender shall submit to the
Administrative Agent a notice indicating the maximum amount by which it is willing to
increase its Commitment in connection with such Commitment Increase Notice (any such
notice to the Administrative Agent being herein a “Lender Increase Notice”). Any Lender
which does not submit a Lender Increase Notice to the Administrative Agent prior to the
expiration of such fifteen (15) Business Day period shall be deemed to have denied any
increase in its Commitment. In the event that the increases of Commitments set forth in
the Lender Increase Notices exceed the amount requested by the Company in the Commitment
Increase Notice, the Administrative Agent and each Arranger shall have the right, in
consultation with the Company, to allocate the amount of increases necessary to meet the
Company’s Commitment Increase Notice. In the event that the Lender Increase Notices are
less than the amount requested by the Company, not later

 

34

 

than three (3) Business Days
prior to the proposed effective
date the Company may notify the Administrative Agent of any financial institution
that shall have agreed to become a “Lender” party hereto (a “Proposed New Lender”) in
connection with the Commitment Increase Notice. Any Proposed New Lender shall be
consented to by the Administrative Agent (which consent shall not be unreasonably
withheld). If the Company shall not have arranged any Proposed New Lender(s) to commit
to the shortfall from the Lender Increase Notices, then the Company shall be deemed to
have reduced the amount of its Commitment Increase Notice to the aggregate amount set
forth in the Lender Increase Notices. Based upon the Lender Increase Notices, any
allocations made in connection therewith and any notice regarding any Proposed New
Lender, if applicable, the Administrative Agent shall notify the Company and the Lenders
on or before the Business Day immediately prior to the proposed effective date of the
amount of each Lender’s and Proposed New Lenders’ Commitment (the “Effective Commitment
Amount”) and the amount of the Aggregate Commitment, which amounts shall be effective on
the following Business Day. Any increase in the Aggregate Commitment shall be subject
to the following conditions precedent: (A) the Company shall have obtained the consent
thereto of each Guarantor and its reaffirmation of the Loan Document(s) executed by it,
which consent and reaffirmation shall be in writing and in form and substance reasonably
satisfactory to the Administrative Agent, (B) as of the date of the Commitment Increase
Notice and as of the proposed effective date of the increase in the Aggregate Commitment
all representations and warranties shall be true and correct in all material respects as
though made on such date and no event shall have occurred and then be continuing which
constitutes a Default or Unmatured Default, (C) the Borrowers, the Administrative Agent
and each Proposed New Lender or Lender that shall have agreed to provide a “Commitment”
in support of such increase in the Aggregate Commitment shall have executed and
delivered a “Commitment and Acceptance” substantially in the form of Exhibit L hereto,
(D) counsel for the Company and for the Guarantors shall have provided to the
Administrative Agent supplemental opinions in form and substance reasonably satisfactory
to the Administrative Agent and (E) the Borrowers and the Proposed New Lender shall
otherwise have executed and delivered such other instruments and documents as may be
required under Article V or that the Administrative Agent shall have reasonably
requested in connection with such increase. If any fee shall be charged by the Lenders
in connection with any such increase, such fee shall be in accordance with then
prevailing market conditions, which market conditions shall have been reasonably
documented by the Administrative Agent to the Company. Upon satisfaction of the
conditions precedent to any increase in the Aggregate Commitment, the Administrative
Agent shall promptly advise the Company and each Lender of the effective date of such
increase. Upon the effective date of any increase in the Aggregate Commitment that is
supported by a Proposed New Lender, such Proposed New Lender shall be a party to this
Agreement as a Lender and shall have the rights and obligations of a Lender hereunder
and thereunder. Nothing contained herein shall constitute, or otherwise be deemed to
be, a commitment on the part of any Lender to increase its Commitment hereunder at any
time.

 

35

 

(ii) For purposes of this clause (ii), (A) the term “Buying Lender(s)” shall mean
(1) each Lender the Effective Commitment Amount of which is greater than its
Commitment prior to the effective date of any increase in the Aggregate Commitment
and (2) each Proposed New Lender that is allocated an Effective Commitment Amount in
connection with any Commitment Increase Notice and (b) the term “Selling Lender(s)”
shall mean each Lender whose Commitment is not being increased from that in effect prior
to such increase in the Aggregate Commitment. Effective on the effective date of any
increase in the Aggregate Commitment pursuant to clause (i) above, each Selling Lender
hereby sells, grants, assigns and conveys to each Buying Lender, without recourse,
warranty, or representation of any kind, except as specifically provided herein, an
undivided percentage in such Selling Lender’s right, title and interest in and to its
outstanding Loans and L/C Obligations in the respective Dollar Amounts and percentages
necessary so that, from and after such sale, each such Selling Lender’s outstanding
Loans and L/C Obligations shall equal such Selling Lender’s Pro Rata Share (calculated
based upon the Effective Commitment Amounts) of the outstanding Loans and L/C
Obligations. Effective on the effective date of the increase in the Aggregate
Commitment pursuant to clause (i) above, each Buying Lender hereby purchases and accepts
such grant, assignment and conveyance from the Selling Lenders. Each Buying Lender
hereby agrees that its respective purchase price for the portion of the outstanding
Loans and L/C Obligations purchased hereby shall equal the respective Dollar Amount
necessary so that, from and after such payments, each Buying Lender’s outstanding Loans
and L/C Obligations shall equal such Buying Lender’s Pro Rata Share (calculated based
upon the Effective Commitment Amounts) of the outstanding Loans and L/C Obligations.
Such amount shall be payable on the effective date of the increase in the Aggregate
Commitment by wire transfer of immediately available funds to the Administrative Agent.
The Administrative Agent, in turn, shall wire transfer any such funds received to the
Selling Lenders, in same day funds, for the sole account of the Selling Lenders. Each
Selling Lender hereby represents and warrants to each Buying Lender that such Selling
Lender owns the Loans and L/C Obligations being sold and assigned hereby for its own
account and has not sold, transferred or encumbered any or all of its interest in such
Loans and L/C Obligations, except for participations which will be extinguished upon
payment to Selling Lender of an amount equal to the portion of the outstanding Loans and
L/C Obligations being sold by such Selling Lender. Each Buying Lender hereby
acknowledges and agrees that, except for each Selling Lender’s representations and
warranties contained in the foregoing sentence, each such Buying Lender has entered into
its Commitment and Acceptance with respect to such increase on the basis of its own
independent investigation and has not relied upon, and will not rely upon, any explicit
or implicit written or oral representation, warranty or other statement of the Lenders
or the Administrative Agent concerning the authorization, execution, legality, validity,
effectiveness, genuineness, enforceability or sufficiency of this Agreement or the other
Loan Documents. The Company hereby agrees to compensate each Selling Lender for all
losses, expenses and liabilities incurred by each Lender in connection with the sale and
assignment of any Eurodollar Loan hereunder on the terms and in the manner as set forth
in Section 4.4.

 

36

 

2.6. Method of Borrowing. On each Borrowing Date, each Lender shall make available its
Revolving Loan or Revolving Loans, if any, not later than noon, Chicago time, in
Federal or other funds immediately available to the Administrative Agent, in Chicago, Illinois
at its address specified in or pursuant to Article XV. Unless the Administrative Agent determines
that any applicable condition specified in Article V has not been satisfied, the Administrative
Agent will make the funds so received from the Lenders available to the applicable Borrower at the
Administrative Agent’s aforesaid address.

2.7. Method of Selecting Types and Interest Periods for Advances. The applicable Borrower
shall select the Type of Advance and, in the case of each Eurodollar Rate Advance, the Interest
Period applicable to each Advance from time to time. The applicable Borrower shall give the
Administrative Agent irrevocable notice in substantially the form of Exhibit B hereto (a
“Borrowing/Election Notice”) not later than 10:00 a.m. (Chicago time) (a) on or before the
Borrowing Date of each Floating Rate Advance, (b) three (3) Business Days before the Borrowing Date
for each Eurodollar Rate Advance. The Borrowers shall select Interest Periods so that, to the best
of their knowledge, it will not be necessary to prepay all or any portion of any Eurodollar Rate
Loan prior to the last day of the applicable Interest Period in order to make mandatory prepayments
as required pursuant to the terms hereof. Each Floating Rate Advance and all Obligations other
than Loans shall bear interest from and including the date of the making of such Advance, in the
case of Loans, and the date such Obligation is due and owing in the case of such other Obligations,
to (but not including) the date of repayment thereof at the Floating Rate changing when and as such
Floating Rate changes. Changes in the rate of interest on that portion of any Advance maintained
as a Floating Rate Loan will take effect simultaneously with each change in the Alternate Base
Rate. Each Eurodollar Rate Advance shall bear interest from and including the first day of the
Interest Period applicable thereto to (but not including) the last day of such Interest Period at
the interest rate determined as applicable to such Eurodollar Rate Advance and shall change as and
when the Applicable Eurodollar Margin changes.

2.8. Minimum Amount of Each Advance. Each Advance (other than an Advance to repay Swing Line
Loans or a Reimbursement Obligation) shall be in the minimum amount of Four Million Dollars
($4,000,000) and in multiples of One Million Dollars ($1,000,000) if in excess thereof, provided,
however, that any Floating Rate Advance may be in the amount of the unused Adjusted Aggregate
Commitment.

2.9. Method of Selecting Types and Interest Periods for Conversion and Continuation of
Advances.

(A) Right to Convert. The applicable Borrower may elect from time to time, subject to
the provisions of Section 2.3 and this Section 2.9, to convert all or any part of a Loan of
any Type into any other Type or Types of Loans; provided that any conversion of any
Eurodollar Rate Advance shall be made on, and only on, the last day of the Interest Period
applicable thereto.

(B) Automatic Conversion and Continuation. Floating Rate Loans shall continue as
Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar
Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of
the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall
be automatically converted into Floating Rate Loans unless
such Eurodollar Rate Loans shall have been repaid or the Company shall have given the
Administrative Agent notice in accordance with Section 2.9 (D) requesting that, at the end
of such Interest Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan.

 

37

 

(C) No Conversion Post-Default or Post-Unmatured Default. Notwithstanding anything to
the contrary contained in Section 2.9(A) or Section 2.9(B), no Loan may be converted into or
continued as a Eurodollar Rate Loan (except with the consent of the Required Lenders) when
any Default or Unmatured Default has occurred and is continuing.

(D) Borrowing/Election Notice. The Company shall give the Administrative Agent an
irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Loan into a
Eurodollar Rate Loan or continuation of a Eurodollar Rate Loan not later than 10:00 a.m.
(Chicago time) (x) one (1) Business Day prior to the date of the requested conversion or
continuation, with respect to any Loan to be converted to or continued as a Floating Rate
Advance, and (y) three (3) Business Days prior to the date of the requested conversion or
continuation, with respect to any Loan to be converted or continued as a Eurodollar Rate
Loan, specifying: (1) the requested date (which shall be a Business Day) of such conversion
or continuation; (2) the amount and Type of the Loan to be converted or continued; and (3)
if applicable, the amount of Eurodollar Rate Loan(s) into which such Loan is to be converted
or continued and the duration of the Interest Period applicable thereto.

2.10. Default Rate. After the occurrence and during the continuance of a Default, at the
option of the Administrative Agent or at the direction of the Required Lenders the interest rate(s)
applicable to the Obligations and all other fees (including the fees payable under Section 3.8 with
respect to Letters of Credit) shall be equal to (x) the interest rates and fees calculated based on
the maximum Applicable Floating Rate Margins, Applicable Eurodollar Margin, Applicable L/C Fee
Percentage and Applicable Commitment Fee Percentage, as applicable, as specified pursuant to
Section 2.14(D)(ii) plus (y) two percent (2.00%) per annum for all such Obligations and fees;
provided that during the continuation of a Default under Sections 8.1(F) or 8.1(G) such interest
rate and fee increases shall be automatically applicable without any election of the Administrative
Agent or action of the Required Lenders.

2.11. Method of Payment.

(A) Method of Payment. All payments of principal, interest, fees, reimbursements,
commissions, L/C Obligations and other Obligations hereunder shall be made, without setoff,
deduction or counterclaim (unless indicated otherwise in Section 2.14(E)), in immediately
available funds to the Administrative Agent at the Administrative Agent’s address specified
pursuant to Article XV, or at any other Lending Installation of the applicable Issuing Bank
specified in writing by such Issuing Bank to the applicable Borrower in connection with any
Letter of Credit issued in an Agreed Currency other than Dollars. Each Advance shall be
repaid or prepaid in Dollars in the amount equal to the amount borrowed and interest payable
thereon shall also be paid in Dollars. Each L/C Obligation denominated in an Agreed Currency
other than Dollars

 

38

 

shall be repaid, and all interest and fees to be paid in respect thereof shall be paid,
in the currency in which the related Letter of Credit was issued or, where such currency has
converted to euro, in euro. All payments to be made by any Borrower hereunder in any
currency other than Dollars shall be made in such currency on the date due in such funds as
may then be customary for the settlement of international transactions in such currency for
the account of the Administrative Agent or applicable Issuing Bank, as applicable, at its
designated Lending Installation for such currency. Each payment delivered to the
Administrative Agent for the account of any Lender shall be delivered promptly by the
Administrative Agent to such Lender in the same type of funds that the Administrative Agent
received at its address specified pursuant to Article XV or at any Lending Installation
specified in a notice received by the Administrative Agent from such Lender. The
Administrative Agent is hereby authorized to charge any account of the applicable Borrower
maintained with JPMorgan or any of its Affiliates for each payment of principal, interest
and fees as it becomes due hereunder. Each reference to the Administrative Agent in this
Section 2.11 shall also be deemed to refer, and shall apply equally, to each Issuing Bank,
in the case of payments required to be made by any Borrower to any Issuing Bank pursuant to
Article III.

(B) Market Disruption. If, after the designation by the applicable Issuing Bank and
the Administrative Agent of any currency as an Agreed Currency, in the reasonable opinion of
any Borrower, any Issuing Bank, the Required Lenders or the Administrative Agent, (x) there
shall occur any change in national or international financial, political or economic
conditions or currency exchange rates or currency control or other exchange regulations are
imposed in the country which issues such currency with the result that it shall be
impractical for any L/C Obligation to be denominated in such currency or different types of
such currency are introduced, (y) such currency is no longer readily available or freely
traded or (z) an Equivalent Amount of such currency is not readily calculable (any such
event a “Market Disruption”), such Borrower, such Issuing Bank, the Required Lenders or the
Administrative Agent, as applicable, shall promptly notify the Lenders, the Issuing Banks,
the Administrative Agent and the Borrowers, and such currency shall no longer be an Agreed
Currency until such time as the Administrative Agent and any applicable Issuing Bank agrees
to reinstate such currency as an Agreed Currency, and all payments to be made by the
applicable Borrower hereunder in such currency shall instead be made when due in Dollars in
an amount equal to the Dollar Amount (as of the date of repayment) of such payment due, it
being the intention of the parties hereto that the Borrowers take all risks of the
imposition of any such currency control or exchange regulations. For purposes of this
Section 2.11(B), the commencement of the third stage of the European Economic and Monetary
Union shall not constitute the imposition of currency control or exchange regulations.

2.12. Evidence of Debt.

(A) Loan Account. Each Lender shall maintain in accordance with its usual practice an
account or accounts (a “Loan Account”) on its books and records evidencing the indebtedness
of the Borrowers to such Lender owing to such Lender from time to time, including the
amounts of principal and interest payable and paid to such Lender from time to time
hereunder.

 

39

 

(B) Register. The Register maintained by the Administrative Agent pursuant to Section
14.3(C) shall include a control account, and a subsidiary account for each Lender and each
Borrower, in which accounts (taken together) shall be recorded (i) the date and the amount
of each Loan made hereunder, the Type thereof and the Interest Period, if any, applicable
thereto, (ii) the amount of any principal or interest due and payable or to become due and
payable from each of the Borrowers to each Lender hereunder, (iii) the effective date and
amount of each Assignment Agreement delivered to and accepted by it and the parties thereto
pursuant to Section 14.3, (iv) the amount of any sum received by the Administrative Agent
hereunder for the account of the Lenders and each Lender’s share thereof, and (v) all other
appropriate debits and credits as provided in this Agreement, including, without limitation,
all fees, charges, expenses and interest.

(C) Entries in Loan Account and Register. The entries made in the Loan Account, the
Register and the other accounts maintained pursuant to clauses (A) or (B) of this Section
shall be prima facie evidence thereof for all purposes, absent manifest error, unless the
applicable Borrower objects to information contained in the Loan Accounts, the Register or
the other accounts within thirty (30) days of the applicable Borrower’s receipt of such
information; provided that the failure of any Lender or the Administrative Agent to maintain
such accounts or any error therein shall not in any manner affect the obligation of the
Borrowers to repay the Loans or other amounts in accordance with the terms of this
Agreement.

(D) Noteless Transaction; Notes Issued Upon Request. Any Lender may request that the
Revolving Loans made or to be made by it each be evidenced by a promissory note in
substantially the form of Exhibit I to evidence such Lender’s Revolving Loans. In such
event, the Borrowers shall prepare, execute and deliver to such Lender a promissory note for
such Loans payable to the order of such Lender. Thereafter, the Loans evidenced by such
promissory note and interest thereon shall at all times (including after assignment pursuant
to Section 14.3) be represented by one or more promissory notes in such form payable to the
order of the payee named therein.

2.13. Telephonic Notices. The Borrowers authorize the Lenders and the Administrative Agent to
extend, convert or continue Advances, effect selections of Types of Advances and to transfer funds
based on telephonic notices made by any person or persons the Administrative Agent or any Lender in
good faith believes to be acting on behalf of the applicable Borrower. Each of the Subsidiary
Borrowers authorizes the Company to make requests and give notices hereunder on behalf of such
Subsidiary Borrowers. The Borrowers agree to deliver promptly to the Administrative Agent a
written confirmation, signed by an Authorized Officer, of each telephonic notice. If the written
confirmation differs in any material respect from the action taken by the Administrative Agent and
the Lenders, the records of the Administrative Agent and the Lenders shall govern absent manifest
error. In case of disagreement concerning such notices, if the Administrative Agent has recorded
telephonic borrowing notices, such recordings will be made available to the applicable Borrower
upon its request therefor.

2.14. Promise to Pay; Interest and Commitment Fees; Interest Payment Dates; Interest and Fee
Basis; Taxes; Loan and Control Accounts.

 

40

 

(A) Promise to Pay. All Advances shall be paid in full by the applicable Borrowers on
the Termination Date. Each Borrower unconditionally promises to pay when due the principal
amount of each Loan and all other Obligations incurred by it, and to pay all unpaid interest
accrued thereon, in accordance with the terms of this Agreement and the other Loan
Documents, and confirms that all Borrowers (other than Borrowers which are Foreign
Subsidiaries) shall be jointly and severally liable for all of the Obligations.

(B) Interest Payment Dates. Interest accrued on each Floating Rate Loan shall be
payable on each Payment Date, commencing with the first such date to occur after the Closing
Date, upon any prepayment whether by acceleration or otherwise, and at maturity (whether by
acceleration or otherwise). Interest accrued on each Eurodollar Rate Loan shall be payable
on the last day of its applicable Interest Period, on any date on which the Eurodollar Rate
Loan is prepaid, whether by acceleration or otherwise, and at maturity; provided, interest
accrued on each Eurodollar Rate Loan having an Interest Period longer than three months
shall also be payable on the last day of each three-month interval during such Interest
Period. Interest accrued on the principal balance of all other Obligations shall be payable
in arrears (i) on the last day of each calendar quarter, commencing on the first such day
following the incurrence of such Obligation, (ii) upon repayment thereof in full or in part,
and (iii) if not theretofore paid in full, at the time such other Obligation becomes due and
payable (whether by acceleration or otherwise).

(C) Commitment Fees; Additional Fees.

(i) The Company shall pay to the Administrative Agent, for the account of the
Lenders in accordance with their Pro Rata Shares, from and after the Closing Date until
the date on which the Aggregate Commitment shall be terminated in whole, a commitment
fee at the rate of the then Applicable Commitment Fee Percentage multiplied by the
average amount by which (A) the Aggregate Commitment in effect from time to time exceeds
(B) the Revolving Credit Obligations (excluding the outstanding principal amount of the
Swing Line Loans) in effect from time to time during each fiscal quarter of the Company.
All such commitment fees payable under this clause (C) shall be payable quarterly on
the last day of each fiscal quarter of the Company occurring after the Closing Date
(with the first such payment being calculated for the period from the Closing Date and
ending on September 30, 2010), and, in addition, on any date on which the Aggregate
Commitment shall be terminated in whole.

(ii) The Company agrees to pay or to cause the Borrowers to pay to (a) the
Administrative Agent for the sole account of the Administrative Agent and JPMSI and (b)
the Syndication Agent for the sole account of the Syndication Agent and BAS, in each
case the applicable fees set forth in those certain fee letters identified and described
in Section 5.1(viii), in each case payable at the times and in the amounts set forth
therein.

 

41

 

(D) Interest and Fee Basis; Applicable Floating Rate Margins, Applicable Eurodollar
Margin, Applicable L/C Fee Percentage and Applicable Commitment Fee Percentage.

(i) Interest on all fees, Eurodollar Rate Loans and Floating Rate Loans calculated
by reference to the Federal Fund Effective Rate shall be calculated for actual days
elapsed on the basis of a 360-day year; provided, that the Applicable L/C Fee Percentage
applicable to Letters of Credit issued in British Pounds Sterling, if any, shall be
calculated for actual days elapsed on the basis of a 365-day year. Interest on all
Alternate Base Rate Loans calculated by reference to the Prime Rate shall be calculated
for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable
for the day an Obligation is incurred but not for the day of any payment on the amount
paid if payment is received prior to 2:00 p.m. (Chicago time or local time, as
applicable) at the place of payment. If any payment of principal of or interest on a
Loan or any payment of any other Obligations shall become due on a day which is not a
Business Day, such payment shall be made on the next succeeding Business Day and, in the
case of a principal payment, such extension of time shall be included in computing
interest, fees and commissions in connection with such payment.

(ii) (a) The Applicable Floating Rate Margin, Applicable Eurodollar Margin,
Applicable L/C Fee Percentage and Applicable Commitment Fee Percentage shall, subject to
the provisions of Section 2.14(D)(ii)(b) below, be determined from time to time by
reference to the table set forth below, on the basis of the then applicable Pricing
Ratio as described in this Section 2.14(D)(ii):

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Greater than or	 	 	Greater than or	 	 	 	 
	 	 	 	 	 	 	equal to 1.00 to	 	 	equal to 1.50 to	 	 	Greater than or	 
	 	 	Less than 1.00 to	 	 	1.00 and less	 	 	1.00 but less	 	 	equal to 2.00 to	 
	Pricing Ratio	 	1.00	 	 	than 1.50 to 1.00	 	 	than 2.00 to 1.00	 	 	1.00	 
	Applicable
Commitment Fee
	 	 	0.35	%	 	 	0.40	%	 	 	0.45	%	 	 	0.50	%
	Applicable L/C Fee
for Performance
Letters of Credit
	 	 	1.125	%	 	 	1.25	%	 	 	1.375	%	 	 	1. 50	%
	Applicable L/C Fee
for Financial
Letters of Credit
	 	 	2.25	%	 	 	2.50	%	 	 	2.75	%	 	 	3.00	%
	Applicable
Eurodollar Margin
	 	 	2.25	%	 	 	2.50	%	 	 	2.75	%	 	 	3.00	%
	Applicable Floating
Rate Margin
	 	 	1.25	%	 	 	1.50	%	 	 	1.75	%	 	 	2.00	%

 

42

 

(b) (1) Notwithstanding the foregoing or anything else contained in this Agreement to
the contrary, for purposes of computing the Revolving Credit Obligations in connection
with determining the applicable commitment fee, the parties hereto acknowledge and agree
that to the extent any Escalating L/C is then issued and outstanding, the applicable
commitment fee shall be calculated based on the maximum Dollar Amount (after giving
effect to all possible increases) available to be drawn thereunder.

(2) For purposes of this Section 2.14(D)(ii), the Pricing Ratio shall be calculated as
provided in Section 7.4(A); provided, however, that until such time as
the Company delivers the financial statements for the fiscal quarter ending September
30, 2010, the Pricing Ratio shall be deemed to be less than 1.00 to 1.00. Upon receipt
of the financial statements delivered pursuant to Sections 7.1(A)(i) and (ii), as
applicable, the Applicable Floating Rate Margins, Applicable Eurodollar Margin,
Applicable L/C Fee Percentage and Applicable Commitment Fee Percentage shall be
adjusted, such adjustment being effective five (5) Business Days following the date such
financial statements and the compliance certificate required to be delivered in
connection therewith pursuant to Section 7.1(A)(iii) shall be due; provided, that if the
Company shall not have timely delivered its financial statements in accordance with
Section 7.1(A)(i) or (ii), as applicable, then commencing on the date upon which such
financial statements should have been delivered and continuing until five (5) Business
Days following the date such financial statements are actually delivered, the Applicable
Floating Rate Margins, Applicable Eurodollar Margin, Applicable L/C Fee Percentage and
Applicable Commitment Fee Percentage shall be the maximum Applicable Floating Rate
Margins, Applicable Eurodollar Margin, Applicable L/C Fee Percentage and Applicable
Commitment Fee Percentage, as applicable, as set forth in this Section 2.14(D)(ii).

(E) Taxes.

(i) Any and all payments by the Borrowers hereunder (whether in respect of
principal, interest, fees or otherwise) shall be made free and clear of and without
deduction for any and all present or future taxes, levies, imposts, deductions, charges
or withholdings or any interest, penalties and liabilities with respect thereto
including those arising after the Closing Date as a result of the adoption of or any
change in any law, treaty, rule, regulation, guideline or determination of a
Governmental Authority or any change in the interpretation or application thereof by a
Governmental Authority but excluding, in the case of each Lender and the Administrative
Agent, such taxes

 

43

 

 (including income taxes, franchise taxes and branch profit taxes) as are
imposed on or measured by such Lender’s or the Administrative Agent’s, as the case may
be, net income by the United States of America or any Governmental Authority of the
jurisdiction under the laws of which such Lender or the Administrative Agent, as the
case may be, is organized (all such non-excluded taxes, levies, imposts, deductions,
charges, withholdings, and liabilities which the Administrative Agent or a Lender
determines to be applicable to this Agreement, the other Loan Documents, the
Commitments, the Loans or the Letters of Credit being hereinafter referred to as
“Taxes”). If any Borrower shall be required by law to deduct or withhold any Taxes from
or in respect of any sum payable hereunder or under the other Loan Documents to any
Lender or the Administrative Agent, (i) the sum payable shall be increased as may be
necessary so that after making all required deductions or withholdings (including
deductions applicable to additional sums payable under this Section 2.14(E)) such Lender
or Administrative Agent (as the case may be) receives an amount equal to the sum it
would have received had no such deductions or withholdings been made, (ii) the
applicable Borrower shall make such deductions or withholdings, and (iii) the applicable
Borrower shall pay the full amount deducted or withheld to the relevant taxation
authority or other authority in accordance with applicable law. If a withholding tax of
the United States of America or any other Governmental Authority shall be or become
applicable (y) after the date of this Agreement, to such payments by the applicable
Borrower made to the Lending Installation or any other office that a Lender may claim as
its Lending Installation, or (z) after such Lender’s selection and designation of any
other Lending Installation, to such payments made to such other Lending Installation,
such Lender shall use reasonable efforts to make, fund and maintain the affected Loans
through another Lending Installation of such Lender in another jurisdiction so as to
reduce the applicable Borrower’s liability hereunder, if the making, funding or
maintenance of such Loans through such other Lending Installation of such Lender does
not, in the judgment of such Lender, otherwise adversely affect such Loans, or
obligations under the Commitment of such Lender.

(ii) In addition, the Borrowers agree to pay any present or future stamp or
documentary taxes or any other excise or property taxes, charges, or similar levies
which arise from any payment made hereunder, from the issuance of Letters of Credit
hereunder, or from the execution, delivery or registration of, or otherwise with respect
to, this Agreement, the other Loan Documents, the Commitments, the Loans or the Letters
of Credit (hereinafter referred to as “Other Taxes”).

(iii) The Company and each Subsidiary Borrower shall indemnify each Lender and the
Administrative Agent for the full amount of Taxes and Other Taxes (including, without
limitation, any Taxes or Other Taxes imposed by any Governmental Authority on amounts
payable under this Section 2.14(E)) paid by such Lender or the Administrative Agent (as
the case may be) and any liability (including penalties, interest, and expenses) arising
therefrom or with respect thereto, whether or not such Taxes or Other Taxes were
correctly or legally asserted. This indemnification shall be made within thirty (30)
days after the date such Lender or the Administrative Agent (as the case may be) makes
written demand therefor.

 

44

 

If the
Taxes or Other Taxes with respect to which the Company or any Subsidiary Borrower
has made either a direct payment to the taxation or other authority or an
indemnification payment hereunder are subsequently refunded to any Lender, such Lender
will return to the applicable Borrower, if no Event of Default has occurred and is
continuing, an amount equal to the lesser of the indemnification payment or the refunded
amount. A certificate as to any additional amount payable to any Lender or the
Administrative Agent under this Section 2.14(E) submitted to the applicable Borrower and
the Administrative Agent (if a Lender is so submitting) by such Lender or the
Administrative Agent shall show in reasonable detail the amount payable and the
calculations used to determine such amount and shall, absent manifest error, be final,
conclusive and binding upon all parties hereto. With respect to such deduction or
withholding for or on account of any Taxes and to confirm that all such Taxes have been
paid to the appropriate Governmental Authorities, the applicable Borrower shall promptly
(and in any event not later than thirty (30) days after receipt) furnish to each Lender
and the Administrative Agent such certificates, receipts and other documents as may be
required (in the reasonable judgment of such Lender or the Administrative Agent) to
establish any tax credit to which such Lender or the Administrative Agent may be
entitled.

(iv) Within thirty (30) days after the date of any payment of Taxes or Other Taxes
by the Company or any Subsidiary Borrower, the Company shall furnish to the
Administrative Agent the original or a certified copy of a receipt evidencing payment
thereof.

(v) Without prejudice to the survival of any other agreement of the Company and the
Subsidiary Borrowers hereunder, the agreements and obligations of the Borrowers
contained in this Section 2.14(E) shall survive the payment in full of all Obligations,
the termination of the Letters of Credit and the termination of this Agreement.

(vi) Each Lender (including any Replacement Lender or Purchaser) that is not
created or organized under the laws of the United States of America or a political
subdivision thereof (each a “Non-U.S. Lender”) shall deliver to the Company and the
Administrative Agent on or before the Closing Date, or, if later, the date on which such
Lender becomes a Lender pursuant to Section 14.3 hereof (and from time to time
thereafter upon the request of the Company or the Administrative Agent, but only for so
long as such Non-U.S. Lender is legally entitled to do so), either (1) two (2) duly
completed copies of either (A) IRS Form W-8BEN, or (B) IRS Form W-8ECI, or in either
case an applicable successor form; or (2) in the case of a Non-U.S. Lender that is not
legally entitled to deliver the forms listed in clause (vi)(1), (x) a certificate of a
duly authorized officer of such Non-U.S. Lender to the effect that such Non-U.S. Lender
is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10
percent shareholder” of the Company or any Subsidiary Borrower within the meaning of
Section 881(c)(3)(B) of the Code, or (C) a controlled foreign corporation receiving
interest from a related person within the meaning of Section 881(c)(3)(C) of the Code
(such certificate, an “Exemption Certificate”) and (y) two (2) duly completed copies of
IRS Form W-8BEN or

 

45

 

applicable successor form. Each
such Lender further agrees to deliver to the Company and the Administrative Agent
from time to time a true and accurate certificate executed in duplicate by a duly
authorized officer of such Lender in a form satisfactory to the Company and the
Administrative Agent, before or promptly upon the occurrence of any event requiring a
change in the most recent certificate previously delivered by it to the Company and the
Administrative Agent pursuant to this Section 2.14(E)(vi). Further, each Lender which
delivers a form or certificate pursuant to this clause (vi) covenants and agrees to
deliver to the Company and the Administrative Agent within fifteen (15) days prior to
the expiration of such form, for so long as this Agreement is still in effect, another
such certificate and/or two (2) accurate and complete original newly-signed copies of
the applicable form (or any successor form or forms required under the Code or the
applicable regulations promulgated thereunder).

Each Lender shall promptly furnish to the Company and the Administrative Agent such
additional documents as may be reasonably required by any Borrower or the Administrative
Agent to establish any exemption from or reduction of any Taxes or Other Taxes required
to be deducted or withheld and which may be obtained without undue expense to such
Lender. Notwithstanding any other provision of this Section 2.14(E), no Borrower shall
be obligated to gross up any payments to any Lender pursuant to Section 2.14(E)(i), or
to indemnify any Lender pursuant to Section 2.14(E)(iii), in respect of United States
federal withholding taxes to the extent imposed as a result of (x) the failure of such
Lender to deliver to the Company the form or forms and/or an Exemption Certificate, as
applicable to such Lender, pursuant to Section 2.14(E)(vi), (y) such form or forms
and/or Exemption Certificate not establishing a complete exemption from U.S. federal
withholding tax or the information or certifications made therein by the Lender being
untrue or inaccurate on the date delivered in any material respect, or (z) the Lender
designating a successor Lending Installation at which it maintains its Loans which has
the effect of causing such Lender to become obligated for tax payments in excess of
those in effect immediately prior to such designation; provided, however, that the
applicable Borrower shall be obligated to gross up any payments to any such Lender
pursuant to Section 2.14(E)(i), and to indemnify any such Lender pursuant to Section
2.14(E)(iii), in respect of United States federal withholding taxes if (i) any such
failure to deliver a form or forms or an Exemption Certificate or the failure of such
form or forms or exemption certificate to establish a complete exemption from U.S.
federal withholding tax or inaccuracy or untruth contained therein resulted from a
change in any applicable statute, treaty, regulation or other applicable law or any
interpretation of any of the foregoing occurring after the Closing Date, which change
rendered such Lender no longer legally entitled to deliver such form or forms or
Exemption Certificate or otherwise ineligible for a complete exemption from U.S. federal
withholding tax, or rendered the information or the certifications made in such form or
forms or Exemption Certificate untrue or inaccurate in any material respect, (ii) the
redesignation of the Lender’s Lending Installation was made at the request of the
Company or (iii) the obligation to gross up payments to any such Lender pursuant to
Section 2.14(E)(i), or to indemnify any such Lender pursuant to Section 2.14(E)(iii), is
with respect to a Purchaser that becomes a Purchaser as a result of an assignment
made at the request of the Company.

 

46

 

(vii) Upon the request, and at the expense of the Company, each Lender to which any
Borrower is required to pay any additional amount pursuant to this Section 2.14(E),
shall reasonably afford the applicable Borrower the opportunity to contest, and shall
reasonably cooperate with the applicable Borrower in contesting, the imposition of any
Tax giving rise to such payment; provided, that (i) such Lender shall not be required to
afford the applicable Borrower the opportunity to so contest unless the applicable
Borrower shall have confirmed in writing to such Lender its obligation to pay such
amounts pursuant to this Agreement; and (ii) the Company shall reimburse such Lender for
its reasonable attorneys’ and accountants’ fees and disbursements incurred in so
cooperating with the applicable Borrower in contesting the imposition of such Tax.

2.15. Notification of Advances, Interest Rates, Prepayments and Aggregate Commitment
Reductions. Promptly after receipt thereof, the Administrative Agent will notify each Lender of
the contents of each Aggregate Commitment reduction notice, Borrowing/Election Notice, and
repayment notice received by it hereunder. The Administrative Agent will notify the applicable
Borrower and each Lender of the interest rate applicable to each Eurodollar Rate Loan promptly upon
determination of such interest rate and will give each Lender prompt notice of each change in the
Alternate Base Rate.

2.16. Lending Installations. Each Lender will book its Loans or Letters of Credit at the
appropriate Lending Installation listed on the administrative information sheets provided to the
Administrative Agent in connection herewith or such other Lending Installation designated by such
Lender in accordance with the final sentence of this Section 2.16. All terms of this Agreement
shall apply to any such Lending Installation. Each Lender may, by written or facsimile notice to
the Administrative Agent and the Company, designate a Lending Installation through which Loans will
be made by it and for whose account Loan payments and/or payments of L/C Obligations are to be
made.

2.17. Non-Receipt of Funds by the Administrative Agent. Unless a Borrower or a Lender, as the
case may be, notifies the Administrative Agent prior to the date (or, with respect to a Floating
Rate Advance to be made on the same day as requested, time) on which it is scheduled to make
payment to the Administrative Agent of (i) in the case of a Lender, the proceeds of a Loan or (ii)
in the case of any Borrower, a payment of principal, interest or fees to the Administrative Agent
for the account of the Lenders, that it does not intend to make such payment, the Administrative
Agent may assume that such payment has been made. The Administrative Agent may, but shall not be
obligated to, make the amount of such payment available to the intended recipient in reliance upon
such assumption. If such Lender or the applicable Borrower, as the case may be, has not in fact
made such payment to the Administrative Agent, the recipient of such payment shall, on demand by
the Administrative Agent, repay to the Administrative Agent the amount so made available together
with interest thereon in respect of each day during the period commencing on the date such amount
was so made available by the Administrative Agent until the date the Administrative Agent recovers
such amount at a rate per annum equal to (i) in the case of payment by a Lender, the Federal
Funds Effective Rate for such day or (ii) in the case of payment by a Borrower, the interest
rate applicable to the relevant Loan.

 

47

 

2.18. Termination Date. This Agreement shall be effective until the Termination Date.
Notwithstanding the termination of this Agreement, until (A) all financing arrangements among the
Borrowers and the Lenders shall have been terminated and (B) all of the Letters of Credit shall
have expired, been cancelled or terminated, or cash collateralized pursuant to the terms of this
Agreement or supported by a letter of credit acceptable to the Administrative Agent (collectively,
the “Termination Conditions”), all of the rights and remedies under this Agreement and the other
Loan Documents shall survive.

2.19. Replacement of Certain Lenders. In the event a Lender (“Affected Lender”) shall have:
(i) become a Defaulting Lender, (ii) requested compensation from any Borrower under Sections
2.14(E), 4.1 or 4.2 to recover Taxes, Other Taxes or other additional costs incurred by such Lender
which are not being incurred generally by the other Lenders, (iii) delivered a notice pursuant to
Section 4.3 claiming that such Lender is unable to extend Eurodollar Rate Loans to any Borrower for
reasons not generally applicable to the other Lenders or (iv) has invoked Section 11.2; then, in
any such case, after engagement of one or more “Replacement Lenders” (as defined below) by the
Company and/or the Administrative Agent, the Company or the Administrative Agent may make written
demand on such Affected Lender (with a copy to the Administrative Agent in the case of a demand by
the Company and a copy to the Company in the case of a demand by the Administrative Agent) for the
Affected Lender to assign, and such Affected Lender shall use commercially reasonable efforts to
assign pursuant to one or more duly executed Assignment Agreements five (5) Business Days after the
date of such demand, to one or more financial institutions that comply with the provisions of
Section 14.3(A) which the Company or the Administrative Agent, as the case may be, shall have
engaged for such purpose (“Replacement Lender”), all of such Affected Lender’s rights and
obligations under this Agreement and the other Loan Documents (including, without limitation, its
Commitment, all Loans owing to it, all of its participation interests in existing Letters of
Credit, L/C Drafts and unreimbursed drawings under Letters of Credit, and its obligation to
participate in additional Letters of Credit and Swing Line Loans hereunder) in accordance with
Section 14.3. The Administrative Agent agrees, upon the occurrence of such events with respect to
an Affected Lender and upon the written request of the Company, to use its reasonable efforts to
obtain the commitments from one or more financial institutions to act as a Replacement Lender. The
Administrative Agent is authorized to execute one or more of such assignment agreements as
attorney-in-fact for any Affected Lender failing to execute and deliver the same within five (5)
Business Days after the date of such demand. Further, with respect to such assignment the Affected
Lender shall have concurrently received, in cash, all amounts due and owing to the Affected Lender
hereunder or under any other Loan Document, including, without limitation, the aggregate
outstanding principal amount of the Loans owed to such Lender, together with accrued interest
thereon through the date of such assignment, amounts payable under Sections 2.14(E), 4.1, and 4.2
with respect to such Affected Lender and compensation payable under Section 2.14(C) in the event of
any replacement of any Affected Lender under clause (ii) or clause (iii) of this Section 2.19;
provided that upon such Affected Lender’s replacement, such Affected Lender shall cease to be a
party hereto but shall continue to be entitled to the benefits of Sections 2.14(E), 4.1, 4.2, 4.4,
and 11.7, as well as to any fees accrued for its account hereunder and not yet paid, and shall
continue to be obligated under Section 12.8.

 

48

 

2.20. Subsidiary Borrowers. The Company may at any time or from time to time upon not less
than (x) five (5) Business Days’ prior written notice (or such lesser time as acceptable to the
Administrative Agent in its sole discretion) to the Administrative Agent (which shall promptly
notify the Lenders thereof) in the case of any Domestic Subsidiary and (y) ten (10) Business Days’
prior written notice (or such lesser time as acceptable to the Administrative Agent in its sole
discretion) to the Administrative Agent (which shall promptly notify the Lenders thereof) in the
case of any Foreign Subsidiary, and with the consent of the Administrative Agent, add as a party to
this Agreement any Subsidiary to be a Subsidiary Borrower hereunder by the execution and delivery
to the Administrative Agent and the Lenders of (a) a duly completed Assumption Letter by such
Subsidiary, with the written consent of the Company at the foot thereof, (b) such guaranty and
subordinated intercompany indebtedness documents as may be reasonably required by the
Administrative Agent and such other opinions, documents, certificates or other items as may be
required by Section 5.2, such documents with respect to any additional Subsidiaries to be
substantially similar in form and substance to the Loan Documents executed on or about the Closing
Date by the Subsidiaries parties hereto as of the Closing Date. Upon such execution, delivery and
consent such Subsidiary shall for all purposes be a party hereto as a Subsidiary Borrower as fully
as if it had executed and delivered this Agreement. So long as the principal of and interest on
any Advances made to any Subsidiary Borrower under this Agreement shall have been repaid or paid in
full, all Letters of Credit issued for the account of such Subsidiary Borrower have expired or been
returned and terminated and all other obligations of such Subsidiary Borrower under this Agreement
shall have been fully performed, the Company may, by not less than five (5) Business Days’ prior
notice to the Administrative Agent (which shall promptly notify the Lenders thereof), terminate
such Subsidiary Borrower’s status as a “Subsidiary Borrower”. The Administrative Agent shall give
the Lenders written notice of the addition of any Subsidiary Borrowers to this Agreement.

2.21. Judgment Currency. If, for the purposes of obtaining judgment in any court, it is
necessary to convert a sum due from any Borrower hereunder in the currency expressed to be payable
herein (the “specified currency”) into another currency, the parties hereto agree, to the fullest
extent that they may effectively do so, that the rate of exchange used shall be that at which in
accordance with normal banking procedures the Administrative Agent could purchase the specified
currency with such other currency at the Administrative Agent’s main office in Chicago, Illinois on
the Business Day preceding that on which the final, non-appealable judgment is given. The
obligations of each Borrower in respect of any sum due to any Lender, any Issuing Bank or the
Administrative Agent hereunder shall, notwithstanding any judgment in a currency other than the
specified currency, be discharged only to the extent that on the Business Day following receipt by
such Lender, such Issuing Bank or the Administrative Agent (as the case may be) of any sum adjudged
to be so due in such other currency such Lender, such Issuing Bank or the Administrative Agent (as
the case may be) may in accordance with normal, reasonable banking procedures purchase the
specified currency with such other currency. If the amount of the specified currency so purchased
is less than the sum originally due to such Lender, such Issuing Bank or the Administrative Agent,
as the case may be, in the specified currency, each Borrower agrees, to the fullest extent that it
may effectively do so, as a separate obligation and notwithstanding any such judgment, to reimburse
such Lender, such Issuing Bank or the Administrative Agent, as the case may be, for any such loss;
and if no Default or Unmatured Default shall have occurred and is continuing and the amount of the
specified currency so purchased exceeds (a) the sum originally due to any Lender, any Issuing
Bank or the Administrative Agent, as the case may be, in the specified currency and (b) any
amounts shared with other Lenders as a result of allocations of such excess as a disproportionate
payment to such Lender or Issuing Bank under Section 14.2, such Lender, such Issuing Bank or the
Administrative Agent, as the case may be, agrees to remit such excess to such Borrower.

 

49

 

2.22. Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if
any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as
such Lender is a Defaulting Lender:

(A) Fees. Fees shall cease to accrue on the unfunded portion of the Commitment of such
Defaulting Lender pursuant to Section 2.14(C);

(B) Voting. The Commitment and Credit Exposure of such Defaulting Lender shall not be
included in determining whether the Required Lenders have taken or may take any action
hereunder (including any consent to any amendment, waiver or other modification pursuant to
Section 9.2); provided, that this clause (B) shall not apply to the vote of
a Defaulting Lender in the case of an amendment, waiver or other modification requiring the
consent of such Lender or each Lender affected thereby;

(C) Outstanding Swing Line Loans and Letters of Credit. If any Swing Line Loans or
Letters of Credit are outstanding at the time such Lender becomes a Defaulting Lender then:

(i) all or any part of such Defaulting Lender’s L/C Interest and interest in such
Swing Line Loans shall be reallocated among the non-Defaulting Lenders in accordance
with their respective Pro Rata Share but only to the extent the sum of all
non-Defaulting Lenders’ Credit Exposure plus such Defaulting Lender’s L/C Exposure
and interest in Swing Line Loans does not exceed the total of all non-Defaulting
Lenders’ Commitments; and

(ii) if the reallocation described in clause (i) above cannot, or can only
partially, be effected, the applicable Borrower shall within one Business Day
following notice by the Administrative Agent (x) first, prepay such Swing
Line Loans and (y) second, cash collateralize for the benefit of the Issuing
Bank only such Borrower’s obligations corresponding to such Defaulting Lender’s L/C
Exposure (after giving effect to any partial reallocation pursuant to clause (i)
above) in accordance with the procedures set forth in Section 3.12 for so
long as such L/C Exposure is outstanding;

(iii) if the applicable Borrower cash collateralizes any portion of such Defaulting
Lender’s L/C Exposure pursuant to clause (ii) above, such Borrower shall not be
required to pay any fees to such Defaulting Lender pursuant to Section 3.8
with respect to such Defaulting Lender’s L/C Exposure during the period such
Defaulting Lender’s L/C Exposure is cash collateralized;

(iv) if the L/C Exposure of the non-Defaulting Lenders is reallocated pursuant to
clause (i) above, then the fees payable to the Lenders pursuant to Section 
2.14(C) and Section 3.8 shall be adjusted in accordance with such
non-Defaulting Lenders’ Pro Rata Shares; and

 

50

 

(v) if all or any portion of such Defaulting Lender’s L/C Exposure is neither
reallocated nor cash collateralized pursuant to clause (i) or (ii) above, then,
without prejudice to any rights or remedies of any Issuing Bank or any other Lender
hereunder, all letter of credit fees payable under Section 3.8 with respect
to such Defaulting Lender’s L/C Exposure shall be payable to the Issuing Banks until
and to the extent that such L/C Exposure is reallocated and/or cash collateralized;
and

(D) New Swing Line Loans and Letters of Credit. So long as any Lender is a Defaulting
Lender, the Swing Line Bank shall not be required to fund any Swing Line Loan and the
Issuing Banks shall not be required to issue, amend or increase any Letter of Credit, unless
they are satisfied that the related exposure and the Defaulting Lender’s then outstanding
L/C Exposure will be 100% covered by the Commitments of the non-Defaulting Lenders and/or
cash collateral will be provided by the applicable Borrower in accordance with Section
2.22(C), and participating interests in any newly made Swing Line Loan or any newly
issued or increased Letter of Credit shall be allocated among non-Defaulting Lenders in a
manner consistent with Section 2.22(C)(i) (and such Defaulting Lender shall not
participate therein).

If (i) a Bankruptcy Event with respect to a Lender Parent of any Lender shall occur following
the date hereof and for so long as such event shall continue or (ii) any Lender has defaulted in
fulfilling its obligations under one or more other agreements in which such Lender commits to
extend credit, the Swing Line Bank shall not be required to fund any Swing Line Loan and no Issuing
Bank shall be required to issue, amend or increase any Letter of Credit, unless the Swing Line Bank
or any Issuing Bank, as the case may be, shall have entered into arrangements with the Company,
such Lender or the non-Defaulting Lenders, satisfactory to the Swing Line Bank or such Issuing
Bank, as the case may be, to defease any risk to it in respect of such Lender hereunder.

In the event that the Administrative Agent, the Company, each Issuing Bank and the Swing Line
Bank each agrees that a Defaulting Lender has adequately remedied all matters that caused such
Lender to be a Defaulting Lender, then (i) the participations in Swing Line Loans and L/C Interests
and interests in Reimbursement Obligations of the Lenders shall be readjusted to reflect the
inclusion of such Lender’s Commitment and on such date such Lender shall purchase at par such of
the Loans of the other Lenders (other than Swing Line Loans) as the Administrative Agent shall
determine may be necessary in order for such Lender to hold such Loans in accordance with its Pro
Rata Share and (ii) the amount of cash collateral provided by any Borrower as a result of the
existence of such Defaulting Lender pursuant to Section 2.22(C) (to the extent not applied as
aforesaid) shall be returned to the applicable Borrower within three (3) Business Days after such
determination.

 

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ARTICLE III: THE LETTER OF CREDIT FACILITY

3.1. Obligation to Issue Letters of Credit. Subject to the terms and conditions of this
Agreement and in reliance upon the representations, warranties and covenants of the Borrowers
herein set forth, each Issuing Bank hereby agrees to issue for the account of the Company or any
Subsidiary Borrower through such Issuing Bank’s branches as it and the Company may jointly agree,
one or more Letters of Credit denominated in an Agreed Currency in accordance with this Article
III, from time to time during the period, commencing on the Closing Date and ending on the fifth
(5th) Business Day prior to the Termination Date; provided, however, if an Issuing Bank
is requested to issue Letters of Credit with respect to a jurisdiction such Issuing Bank deems, in
its sole discretion, may at any time subject it to a New Money Credit Event, the Company shall, at
the request of such Issuing Bank, guaranty and indemnify such Issuing Bank against any and all
costs, liabilities and losses resulting from any New Money Credit Event in a form and substance
satisfactory to such Issuing Bank.

3.2. Transitional Provision. Subject to the satisfaction of the conditions contained in
Sections 5.1, 5.2 and 5.3, from and after the Closing Date each of the letters of credit identified
on Schedule 3.2 hereto (the “Existing LCs”) and issued for the account of the Company and its
Subsidiaries pursuant to the Existing Credit Agreement (or deemed to be issued under the Existing
Credit Agreement) shall be deemed to be Letters of Credit issued pursuant to this Article III. In
the event any Lender that is the issuer of any Existing LCs is not an Issuing Bank hereunder on the
Closing Date, such Lender shall be deemed to be an Issuing Bank solely for purposes of such
Existing LCs and shall not have any obligation to issue new Letters of Credit hereunder until and
unless such Lender becomes an Issuing Bank in accordance herewith.

3.3. Types and Amounts. No Issuing Bank shall have any obligation to and no Issuing Bank
shall:

(i) issue (or amend) any Letter of Credit if on the date of issuance (or
amendment), before or after giving effect to the Letter of Credit requested hereunder,
(a) the Dollar Amount of the Revolving Credit Obligations at such time would exceed the
Adjusted Aggregate Commitment at such time (as such amount may be increased from time to
time as provided in Section 2.5(B)) calculated as of the date of issuance of any Letter
of Credit, (b) the Dollar Amount of the Financial Credit Obligations at such time would
exceed the Financial Credit Sublimit as of the date of issuance of any Letter of Credit
or (c) the Dollar Amount of all Letters of Credit issued by such Issuing Bank would
exceed the Issuing Bank Sublimit of such Issuing Bank; or

(ii) issue (or amend) any Letter of Credit which has an expiration date later than
the date which is five (5) Business Days immediately preceding the Termination Date;
provided, that any Letter of Credit may provide for the renewal thereof for additional
periods (which in no event shall extend beyond the fifth (5th) Business Day
prior to the Termination Date).

 

52

 

3.4. Conditions. In addition to being subject to the satisfaction of the conditions contained
in Sections 5.1, 5.2 and 5.3, the obligation of an Issuing Bank to issue any Letter of Credit is
subject to the satisfaction in full of the following conditions:

(i) the applicable Borrower shall have delivered to the applicable Issuing Bank (at
such times and in such manner as such Issuing Bank may reasonably prescribe) and the
Administrative Agent, a request for issuance of such Letter of Credit in substantially
the form of Exhibit C hereto, duly executed applications for such Letter of Credit and
such other documents, instructions and agreements as may be required pursuant to the
terms thereof (all such applications, documents, instructions, and agreements being
referred to herein as the “L/C Documents”), and the proposed Letter of Credit shall be
reasonably satisfactory to such Issuing Bank as to form and content;

(ii) as of the date of issuance no order, judgment or decree of any court,
arbitrator or Governmental Authority shall purport by its terms to enjoin or restrain
the applicable Issuing Bank from issuing such Letter of Credit and no law, rule or
regulation applicable to such Issuing Bank and no request or directive (whether or not
having the force of law) from a Governmental Authority with jurisdiction over such
Issuing Bank shall prohibit or request that such Issuing Bank refrain from the issuance
of Letters of Credit generally or the issuance of that Letter of Credit; and

(iii) the issuance of the Letter of Credit would not violate one or more policies
of the applicable Issuing Bank applicable to letters of credit generally.

3.5. Procedure for Issuance of Letters of Credit.

(A) Issuance. Subject to the terms and conditions of this Article III and provided
that the applicable conditions set forth in Sections 5.1, 5.2 and 5.3 hereof have been
satisfied, the applicable Issuing Bank shall, on the requested date, issue a Letter of
Credit for the account of the Company or a Subsidiary Borrower, as applicable in accordance
with such Issuing Bank’s usual and customary business practices and, in this connection,
such Issuing Bank may assume that the applicable conditions set forth in Section 5.3 hereof
have been satisfied unless it shall have received notice to the contrary from the
Administrative Agent or a Lender or has knowledge that the applicable conditions have not
been met. To the extent that there shall be any conflict between the provisions of any L/C
Document and the provisions of this Agreement, the provisions of this Agreement shall
prevail.

(B) Notice. The applicable Issuing Bank shall promptly (but no later than the fifth
Business Day after such issuance) notify the Administrative Agent by written or telex
notice, or telephonic notice confirmed promptly thereafter in writing, of (i) the issuance
of a Letter of Credit, (ii) its reasonable determination as to whether such Letter of Credit
is a Financial Letter of Credit or a Performance Letter of Credit and (iii) with respect to
any Letter of Credit denominated in an Agreed Currency other than Dollars, the Dollar Amount
of such Letter of Credit (calculated by the applicable Issuing Bank using the Spot Rate
determined as of the date of issuance of such Letter of Credit); provided, however, that the
failure to provide such notice shall not result in any liability on the part of such Issuing
Bank.

 

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(C) No Amendment. No Issuing Bank shall extend or amend any Letter of Credit unless
the requirements of this Section 3.5 are met as though a new Letter of Credit was being
requested and issued.

3.6. Letter of Credit Participation. On the date of this Agreement, with respect to the
Letters of Credit identified in Section 3.2, and immediately upon the issuance of each Letter of
Credit hereunder, each Lender shall be deemed to have automatically, irrevocably and
unconditionally purchased and received from the applicable Issuing Bank an undivided interest and
participation in and to such Letter of Credit, the obligations of the applicable Borrower in
respect thereof, and the liability of such Issuing Bank thereunder (collectively, an “L/C
Interest”) in an amount equal to the Dollar Amount available for drawing under such Letter of
Credit multiplied by such Lender’s Pro Rata Share. Each Issuing Bank will notify the
Administrative Agent and each Lender promptly upon presentation to it of an L/C Draft or upon any
other draw under a Letter of Credit, which notice shall also state the Agreed Currency and face
amount of such L/C Draft or other draw. On the Business Day on which an Issuing Bank makes payment
of each such L/C Draft or, in the case of any other draw on a Letter of Credit, on demand by the
Administrative Agent or the applicable Issuing Bank, each Lender shall make payment to the
Administrative Agent, for the account of the applicable Issuing Bank, in immediately available
funds in Dollars in an amount (to the extent such amount has not been timely reimbursed by the
Borrowers pursuant to Section 3.7) equal to such Lender’s Pro Rata Share of the Dollar Amount of
such payment or draw. The obligation of each Lender to reimburse the Issuing Banks under this
Section 3.6 shall be unconditional, continuing, irrevocable and absolute. In the event that any
Lender fails to make payment to the Administrative Agent of any amount due under this Section 3.6,
the Administrative Agent shall be entitled to receive, retain and apply against such obligation the
principal and interest otherwise payable to such Lender hereunder until the Administrative Agent
receives such payment from such Lender or such obligation is otherwise fully satisfied; provided,
however, that nothing contained in this sentence shall relieve such Lender of its obligation to
reimburse the applicable Issuing Bank for such amount in accordance with this Section 3.6.

3.7. Reimbursement Obligation. Each of the Borrowers agree unconditionally, irrevocably and
absolutely to pay immediately to the Administrative Agent, for the account of the Lenders, the
amount of each advance drawn under or pursuant to a Letter of Credit issued to it or an L/C Draft
related thereto (such obligation of such Borrower to reimburse the Administrative Agent for an
advance made under a Letter of Credit or L/C Draft being hereinafter referred to as a
“Reimbursement Obligation” with respect to such Letter of Credit or L/C Draft), each such
reimbursement to be made by the applicable Borrower no later than the Business Day on which the
applicable Issuing Bank makes payment of each such L/C Draft or, if the applicable Borrower shall
have received notice of a Reimbursement Obligation later than 12:00 p.m. (Chicago time), on any
Business Day or on a day which is not a Business Day, no later than 12:00 p.m. (Chicago time), on
the immediately following Business Day or, in the case of any other draw on a Letter of Credit, the
date specified in the demand of such Issuing Bank. If any Borrower at any time fails to repay a
Reimbursement Obligation at the time specified in the preceding sentence, such unpaid Reimbursement
Obligation shall at that time be automatically converted into an obligation denominated in Dollars
and such Borrower shall be deemed to have elected to borrow Revolving Loans from the Lenders, as of
the date of the advance giving rise to the Reimbursement

 

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Obligation, equal in amount to the Dollar
Amount of the unpaid
Reimbursement Obligation. Such Revolving Loans shall be made as of the date of the payment
giving rise to such Reimbursement Obligation, automatically, without notice and without any
requirement to satisfy the conditions precedent otherwise applicable to an Advance of Revolving
Loans. Such Revolving Loans shall constitute a Floating Rate Advance, the proceeds of which
Advance shall be used to repay such Reimbursement Obligation. If, for any reason, any Borrower
fails to repay a Reimbursement Obligation on the day such Reimbursement Obligation arises and, for
any reason, the Lenders are unable to make or have no obligation to make Revolving Loans, then such
Reimbursement Obligation shall become immediately due and payable and bear interest from and after
such day, until paid in full, at the interest rate applicable to a Floating Rate Advance (or, in
the case of a Reimbursement Obligation denominated in an Agreed Currency other than Dollars, at the
rate determined by the applicable Issuing Bank in good faith to represent such Issuing Bank’s cost
of overnight or short-term funds in the applicable Agreed Currency plus the then effective
Applicable Eurodollar Margin). The Borrowers agree to indemnify each Issuing Bank against any loss
or expense determined by such Issuing Bank in good faith to have resulted from any conversion
pursuant to this Section 3.7 by reason of the inability of such Issuing Bank to convert the Dollar
Amount received from the applicable Borrower or from the Lenders, as applicable, into an amount in
the applicable Agreed Currency of such Letter of Credit equal to the amount of such Reimbursement
Obligation.

3.8. Letter of Credit Fees. The Borrowers agree to pay:

(i) quarterly, in arrears, to the Administrative Agent for the ratable benefit of
the Lenders, a letter of credit fee at a rate per annum equal to the Applicable L/C Fee
Percentage for Performance Letters of Credit and Financial Letters of Credit, as
applicable, on the average daily outstanding Dollar Amount available for drawing under
all Performance Letters of Credit and Financial Letters of Credit, respectively;
provided, however, that for purposes of computing the average daily
outstanding Dollar Amount available for drawing under all Letters of Credit, to the
extent any Escalating L/C is then issued and outstanding, the letter of credit fee shall
be calculated based on the maximum Dollar Amount (after giving effect to all possible
increases) available to be drawn thereunder;

(ii) quarterly, in arrears, to the applicable Issuing Bank, a letter of credit
fronting fee equal to the lesser of (x) 0.20% or (y) such other percentage as is agreed
upon between the applicable Borrower and the applicable Issuing Bank, in each case, per
annum on the average daily outstanding stated amount available for drawing under all
Letters of Credit issued by such Issuing Bank; provided, however, that
for purposes of computing the average daily outstanding stated amount available for
drawing under all Letters of Credit issued by such Issuing Bank, to the extent any
Escalating L/C is then issued and outstanding by such Issuing Bank, the letter of credit
fronting fee shall be calculated based on the maximum Dollar Amount (after giving effect
to all possible increases) available to be drawn thereunder; and

(iii) to the applicable Issuing Bank, all customary fees and other issuance,
amendment, cancellation, document examination, negotiation, transfer and presentment
expenses and related charges in connection with the issuance, amendment, cancellation,
presentation of L/C Drafts, negotiation, transfer and the like
customarily charged by such Issuing Banks with respect to financial, performance
and commercial letters of credit, including, without limitation, standard commissions
with respect to Performance Letters of Credit, payable at the time of invoice of such
amounts.

 

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3.9. Borrower and Issuing Bank Reporting Requirements.

(A) Letter of Credit Reports.

(i) Each Issuing Bank shall furnish to the Administrative Agent on the fifth
Business Day of each calendar quarter a written report (A) summarizing issuance and
expiration dates of Letters of Credit issued by such Issuing Bank during the preceding
calendar quarter and drawings during such calendar quarter under all Letters of Credit
issued by such Issuing Bank and (B) setting forth the average daily aggregate Dollar
Amount during the preceding calendar quarter of all Letters of Credit issued by such
Issuing Bank.

(ii) Each Issuing Bank shall furnish to the Administrative Agent on the fifth
Business Day of each calendar month a written report setting forth the Dollar Amount of
each Letter of Credit issued by such Issuing Bank and outstanding as of such date
(calculated using the Spot Rates determined as of such date, if such date is a
Computation Date, or if such date is not a Computation Date, as of the most recent
Computation Date).

(iii) In addition, upon the request of the Administrative Agent, each Issuing Bank
shall furnish to the Administrative Agent copies of any Letter of Credit and any
application for or reimbursement agreement with respect to a Letter of Credit to which
the Issuing Bank is party and such other documentation as may reasonably be requested by
the Administrative Agent. Upon the request of any Lender, the Administrative Agent will
provide to such Lender information concerning such Letters of Credit as the
Administrative Agent has received from the Issuing Banks.

(B) Other. The Company shall, at any time as requested by the Administrative Agent or
the Required Lenders but in any event no later than the tenth Business Day following the
last day of each month, provide to the Administrative Agent schedules, in form and substance
reasonably satisfactory to the Administrative Agent, showing the date of issue, account
party, Agreed Currency and amount in such Agreed Currency, Issuing Bank, expiration date and
the reference number of each Letter of Credit issued hereunder and outstanding at any time
during such month.

3.10. Indemnification; Exoneration.

(A) Indemnification. In addition to amounts payable as elsewhere provided in this
Article III, each Borrower hereby agrees to protect, indemnify, pay and save harmless the
Administrative Agent, each Issuing Bank and each Lender from and against any and all
liabilities and costs which the Administrative Agent, such Issuing Bank or such Lender may
incur or be subject to in any way directly connected with (i) the issuance of any Letter of
Credit other than, in the case of the applicable Issuing Bank, as
a result of its Gross Negligence or willful misconduct of such Issuing Bank, as
determined by the final judgment of a court of competent jurisdiction, or (ii) the failure
of the applicable Issuing Bank to honor a drawing under a Letter of Credit as a result of
any act or omission, whether rightful or wrongful, of any present or future de jure or de
facto Governmental Authority (all such acts or omissions herein called “Governmental Acts”).

 

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(B) Risk Assumption. As among the Borrowers, the Lenders, the Administrative Agent and
the Issuing Banks, the Borrowers assume all risks of the acts and omissions of, or misuse of
such Letter of Credit by, the beneficiary of any Letters of Credit. In furtherance and not
in limitation of the foregoing, subject to the provisions of the Letter of Credit
applications and Letter of Credit reimbursement agreements executed by the Borrowers at the
time of request for any Letter of Credit, neither the Administrative Agent, any Issuing Bank
nor any Lender shall be responsible (in the absence of Gross Negligence or willful
misconduct in connection therewith, as determined by the final judgment of a court of
competent jurisdiction): (i) for the form, validity, sufficiency, accuracy, genuineness or
legal effect of any document submitted by any party in connection with the application for
and issuance of the Letters of Credit, even if it should in fact prove to be in any or all
respects invalid, insufficient, inaccurate, fraudulent or forged; (ii) for the validity or
sufficiency of any instrument transferring or assigning or purporting to transfer or assign
a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in
part, which may prove to be invalid or ineffective for any reason; (iii) for failure of the
beneficiary of a Letter of Credit to comply duly with conditions required in order to draw
upon such Letter of Credit; (iv) for errors, omissions, interruptions or delays in
transmission or delivery of any messages, by mail, cable, telegraph, telex, or other similar
form of teletransmission or otherwise; (v) for errors in interpretation of technical trade
terms; (vi) for any loss or delay in the transmission or otherwise of any document required
in order to make a drawing under any Letter of Credit or of the proceeds thereof; (vii) for
the misapplication by the beneficiary of a Letter of Credit of the proceeds of any drawing
under such Letter of Credit; and (viii) for any consequences arising from causes beyond the
control of the Administrative Agent, the Issuing Banks and the Lenders, including, without
limitation, any Governmental Acts. None of the above shall affect, impair, or prevent the
vesting of any Issuing Bank’s rights or powers under this Section 3.10.

(C) No Liability. In furtherance and extension and not in limitation of the specific
provisions hereinabove set forth, any action taken or omitted by any Issuing Bank under or
in connection with the Letters of Credit or any related certificates shall not, in the
absence of Gross Negligence or willful misconduct of such Issuing Bank, as determined by the
final judgment of a court of competent jurisdiction, put the applicable Issuing Bank, the
Administrative Agent or any Lender under any resulting liability to any Borrower or relieve
any Borrower of any of its obligations hereunder to any such Person.

(D) Survival of Agreements and Obligations. Without prejudice to the survival of any
other agreement of the Borrowers hereunder, the agreements and obligations of the Borrowers
contained in this Section 3.10 shall survive the payment in full of principal and interest
hereunder, the termination of the Letters of Credit and the termination of this Agreement.

 

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3.11. Market Disruption. Notwithstanding the satisfaction of all conditions referred to in
Article II, Article III and Article V with respect to any Letter of Credit to be issued in any
Agreed Currency other than Dollars, if there shall occur on or prior to the date of issuance of
such Letter of Credit any Market Disruption, then the Administrative Agent shall forthwith give
notice thereof to the Borrowers, the Issuing Bank and the Lenders, and such Letter of Credit shall
not be denominated in such Agreed Currency but shall be made on the date of issuance of such Letter
of Credit in Dollars, in a face amount equal to the Dollar Amount of the face amount specified in
the related request or application for such Letter of Credit, unless the Borrower notifies the
Administrative Agent at least one Business Day before such date that (i) it elects not to request
the issuance of such Letter of Credit on such date or (ii) it elects to have such Letter of Credit
issued on such date in a different Agreed Currency, as the case may be, in which the denomination
of such Letter of Credit would in the opinion of the applicable Issuing Bank, the Administrative
Agent and the Required Lenders be practicable and in a face amount equal to the Dollar Amount of
the face amount specified in the related request or application for such Letter of Credit, as the
case may be.

3.12. L/C Collateral Account. The Company agrees that it will, as required by Sections
2.4(B)(iii), 2.22 or 9.1 and until the final expiration date of any Letter of Credit and
thereafter as long as any amount is payable to the Issuing Banks or the Lenders in respect of any
Letter of Credit, maintain a special collateral account pursuant to arrangements satisfactory to
the Administrative Agent (the “L/C Collateral Account”) at the Administrative Agent’s office at the
address specified pursuant to Article XV, in the name of the Company but under the sole dominion
and control of the Administrative Agent, for the benefit of the Administrative Agent, the Issuing
Banks and the Lenders and in which the Company shall have no interest other than as set forth in
Sections 2.4(B)(iii), 2.22 or 9.1. The Company hereby pledges, assigns and grants to the
Administrative Agent, on behalf of and for the ratable benefit of the Administrative Agent, the
Issuing Banks and the Lenders, a security interest in all of the Company’s right, title and
interest in and to all funds which may from time to time be on deposit in the L/C Collateral
Account to secure the prompt and complete payment and performance of the Obligations. The
Administrative Agent will invest any funds on deposit from time to time in the L/C Collateral
Account in certificates of deposit of JPMorgan having a maturity not exceeding thirty (30) days.
Nothing in this Section 3.12 shall either obligate the Administrative Agent to require the Company
to deposit any funds in the L/C Collateral Account or limit the right of the Administrative Agent
to release any funds held in the L/C Collateral Account in each case other than as required by
Sections 2.4(B)(iii), 2.22 or 9.1.

ARTICLE IV: CHANGE IN CIRCUMSTANCES

4.1. Yield Protection.

(A) Yield Protection. If any law or any governmental or quasi-governmental rule,
regulation, policy, guideline or directive (whether or not having the force of law) adopted
after the date of this Agreement and having general applicability to all banks within the
jurisdiction in which such Lender operates (excluding, for the avoidance of doubt, the
effect of and phasing in of capital requirements or other regulations or guidelines passed
prior to the date of this Agreement), or any interpretation or application
thereof by any Governmental Authority charged with the interpretation or application
thereof, or the compliance of any Lender therewith,

(i) subjects any Lender or any applicable Lending Installation to any tax, duty,
charge or withholding on or from payments due from any Borrower (excluding taxation of
the overall net income of any Lender or taxation of a similar basis, which are governed
by Section 2.14(E)), or changes the basis of taxation of payments to any Lender in
respect of its Commitment, Loans, its L/C Interests, the Letters of Credit or other
amounts due it hereunder, or

 

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(ii) imposes or increases or deems applicable any reserve, assessment, insurance
charge, special deposit or similar requirement against assets of, deposits with or for
the account of, or credit extended by, any Lender or any applicable Lending Installation
(other than reserves and assessments taken into account in determining the interest rate
applicable to Eurodollar Rate Loans) with respect to its Commitment, Loans, L/C
Interests or the Letters of Credit, or

(iii) imposes any other condition the result of which is to increase the cost to
any Lender or any applicable Lending Installation of making, funding or maintaining its
Commitment, the Loans, the L/C Interests or the Letters of Credit or reduces any amount
receivable by any Lender or any applicable Lending Installation in connection with its
Commitment, Loans or Letters of Credit, or requires any Lender or any applicable Lending
Installation to make any payment calculated by reference to the amount of Commitment,
Loans or L/C Interests held or interest received by it or by reference to the Letters of
Credit, by an amount deemed material by such Lender;

and the result of any of the foregoing is to increase the cost to that Lender of making,
renewing or maintaining its Commitment, Loans, L/C Interests, or Letters of Credit or to
reduce any amount received under this Agreement, then, within fifteen (15) days after
receipt by the Company or any other Borrower of written demand by such Lender pursuant to
Section 4.5, the applicable Borrowers shall pay such Lender that portion of such increased
expense incurred or reduction in an amount received which such Lender determines is
attributable to making, funding and maintaining its Loans, L/C Interests, Letters of Credit
and its Commitment.

(B) Non-U.S. Reserve Costs or Fees With Respect to Loans and Letters of Credit to
Borrowers. If any law or any governmental or quasi-governmental rule, regulation, policy,
guideline or directive of any jurisdiction outside of the United States of America or any
subdivision thereof (whether or not having the force of law), imposes or deems applicable
any reserve requirement against or fee with respect to assets of, deposits with or for the
account of, or credit extended by, any Lender, any Issuing Bank or any applicable Lending
Installation, and the result of the foregoing is to increase the cost to such Lender, such
Issuing Bank or applicable Lending Installation of making or maintaining its Eurodollar
Loans to, or issuing a Letter of Credit in an Agreed Currency other than Dollars for the
benefit of, any Borrower or its Commitment to

 

59

 

 any Borrower or to reduce the return received
by such Lender, such Issuing Bank or applicable Lending
Installation in connection with such Eurodollar Loans or Letters of Credit to or for
the benefit of any Borrower or Commitment to any Borrower, then, within 15 days of demand by
such Lender or such Issuing Bank, such Borrower shall pay such Lender or such Issuing Bank,
as applicable, such additional amount or amounts as will compensate such Lender or such
Issuing Bank for such increased cost or reduction in amount received, provided that such
Borrower shall not be required to compensate any Lender for such non-U.S. reserve costs or
fees to the extent that an amount equal to such reserve costs or fees is received by such
Lender as a result of the calculation of the interest rate applicable to Eurodollar Rate
Advances pursuant to clause (i)(b) of the definition of “Eurodollar Rate.”

4.2. Changes in Capital Adequacy Regulations. If a Lender determines (i) the amount of
capital required or expected to be maintained by such Lender, any Lending Installation of such
Lender or any corporation controlling such Lender is increased as a result of a “Change” (as
defined below), and (ii) such increase in capital will result in an increase in the cost to such
Lender of maintaining its Commitment, Loans, L/C Interests, the Letters of Credit or its obligation
to make Loans hereunder, then, within fifteen (15) days after receipt by the Company or any other
Borrower of written demand by such Lender pursuant to Section 4.5, the applicable Borrowers shall
pay such Lender the amount necessary to compensate for any shortfall in the rate of return on the
portion of such increased capital which such Lender determines is attributable to this Agreement,
its Commitment, its Loans, its L/C Interests, the Letters of Credit or its obligation to make Loans
hereunder (after taking into account such Lender’s policies as to capital adequacy). “Change”
means (i) any change after the date of this Agreement in the “Risk-Based Capital Guidelines” (as
defined below) excluding, for the avoidance of doubt, the effect of any phasing in of such
Risk-Based Capital Guidelines or any other capital requirements passed prior to the Closing Date,
or (ii) any adoption of or change in any other law, governmental or quasi-governmental rule,
regulation, policy, guideline, interpretation, or directive (whether or not having the force of
law) after the date of this Agreement which affects the amount of capital required or expected to
be maintained by any Lender or any Lending Installation or any corporation controlling any Lender.
“Risk-Based Capital Guidelines” means (i) the risk-based capital guidelines in effect in the United
States on the date of this Agreement, including transition rules, and (ii) the corresponding
capital regulations promulgated by regulatory authorities outside the United States implementing
the July 1988 report of the Basel Committee on Banking Regulation and Supervisory Practices
Entitled “International Convergence of Capital Measurements and Capital Standards,” including
transition rules, and any amendments to such regulations adopted prior to the date of this
Agreement.

4.3. Availability of Types of Advances. If (i) any Lender determines that maintenance of its
Eurodollar Rate Loans at a suitable Lending Installation would violate any applicable law, rule,
regulation or directive, whether or not having the force of law, or (ii) the Required Lenders
determine that (x) deposits of a type or maturity appropriate to match fund Eurodollar Rate Loans
are not available or (y) the interest rate applicable to a Eurodollar Rate Loan does not accurately
reflect the cost of making or maintaining such an Advance, then the Administrative Agent shall
suspend the availability of the affected Type of Advance and, in the case of any occurrence set
forth in clause (i), require any Advances of the affected Type to be repaid or converted into
another Type.

 

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4.4. Funding Indemnification. If any payment of a Eurodollar Rate Loan occurs on a date which
is not the last day of the applicable Interest Period, whether because of acceleration, prepayment
(whether voluntary or mandatory, including, without limitation, as required pursuant to Section
2.4(B)), or otherwise (including, without limitation, as a result of the provisions of Section
2.5(B)), or a Eurodollar Rate Loan is not made on the date specified by the applicable Borrower for
any reason other than default by the Lenders, or a Eurodollar Rate Loan is not prepaid on the date
specified by the applicable Borrower for any reason, the Borrowers indemnify each Lender for any
loss or cost incurred by it resulting therefrom, including, without limitation, any loss or cost in
liquidating or employing deposits acquired to fund or maintain the Eurodollar Rate Loan.

4.5. Lender Statements; Survival of Indemnity. If reasonably possible, each Lender shall
designate an alternate Lending Installation with respect to its Eurodollar Rate Loan to reduce any
liability of any Borrower to such Lender under Sections 4.1 and 4.2 or to avoid the unavailability
of a Type of Advance under Section 4.3, so long as such designation is not, in the judgment of the
Lender, disadvantageous to such Lender. Each Lender shall deliver a written statement of such
Lender to the Company (with a copy to the Administrative Agent) as to the amount due, if any, under
Sections 2.14(E), 4.1, 4.2 or 4.4 and shall set forth in reasonable detail the calculations upon
which such Lender determined such amount and shall be prima facie evidence thereof and binding on
the Borrowers in the absence of manifest error. Determination of amounts payable under such
Sections in connection with a Eurodollar Rate Loan shall be calculated as though each Lender funded
its Eurodollar Rate Loan through the purchase of a deposit of the type and maturity corresponding
to the deposit used as a reference in determining the Eurodollar Rate applicable to such Loan,
whether in fact that is the case or not. Unless otherwise provided herein, the amount specified in
the written statement of any Lender shall be payable on demand after receipt by the applicable
Borrower of such statement. The obligations of the Company and the other Borrowers under Sections
2.14(E), 4.1, 4.2 and 4.4 shall survive payment of the Obligations and termination of this
Agreement.

ARTICLE V: CONDITIONS PRECEDENT

5.1. Initial Advances and Letters of Credit. The Lenders shall not be required to make the
initial Loans or issue any Letters of Credit unless, on or prior to the Closing Date, the Borrowers
have furnished to the Administrative Agent each of the following, with sufficient copies (if
applicable) for the Lenders, all in form and substance satisfactory to the Administrative Agent and
the Lenders:

(i) Copies of the Certificate of Incorporation or comparable charter documents of
each of the Borrowers as of the Closing Date, together with all amendments and a
certificate of good standing, both certified as of a recent date by the appropriate
governmental officer in its jurisdiction of incorporation;

(ii) Copies, certified by the Secretary or Assistant Secretary of each of the
Borrowers of their respective By-Laws or comparable governance documents and of their
respective Board of Directors’ resolutions authorizing the execution of the Loan
Documents entered into by it;

 

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(iii) An incumbency certificate, executed by the Secretary or Assistant Secretary
of each of the Borrowers, which shall identify by name and title and bear the signature
of the officers of the applicable Borrower authorized to sign the Loan Documents and, of
the applicable Borrower to make borrowings hereunder, upon which certificate the Lenders
shall be entitled to rely until informed of any change in writing by the Company;

(iv) A certificate, in form and substance satisfactory to the Administrative Agent,
signed by an Authorized Officer of the Company, certifying that on the date of this
Agreement (a) all the representations in this Agreement are true and correct (unless
such representation and warranty is made as of a specific date, in which case, such
representation and warranty shall be true and correct as of such date), (b) no Default
or Unmatured Default has occurred and is continuing and (c) there exists no injunction
or temporary restraining order which would prohibit the making of the Loans, the
issuance of the Letters of Credit or the consummation of the other transactions
contemplated by the Loan Documents or any litigation seeking such an injunction or
restraining order;

(v) The written opinions of the Borrowers’ and Guarantors’ Assistant General
Counsel, and of the Company’s Dutch counsel, addressed to the Administrative Agent and
the Lenders, in substantially the forms attached hereto as Exhibit E-1 and Exhibit E-2,
respectively;

(vi) Such other documents as the Administrative Agent or its counsel may have
reasonably requested, including, without limitation, all of the documents reflected on
the List of Closing Documents attached as Exhibit E-3 to this Agreement;

(vii) Evidence satisfactory to the Administrative Agent of the payment, prior to or
simultaneously with the initial Advance hereunder, of all interest, fees and premiums,
if any, on all loans and other extensions of credit outstanding under the Existing
Credit Agreement (including interest and fees owing to the Departing Lenders);

(viii) Evidence satisfactory to (a) the Administrative Agent that the Company has
paid or caused to be paid to the Administrative Agent and JPMSI the fees (including,
without limitation, the upfront fees payable to the Lenders) agreed to in the fee letter
dated June 9, 2010, among the Administrative Agent, JPMSI and the Company and (b) the
Syndication Agent that the Company has paid or caused to be paid to the Syndication
Agent and BAS the fees agreed to in the fee letter dated June 9, 2010 among the
Syndication Agent, BAS and the Company; and

(ix) The Lenders, Administrative Agent and the Arrangers shall have received all
fees required to be paid and all reasonable and documented expenses for which invoices
have been presented, on or before the Closing Date.

 

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5.2. Initial Advance to Each New Subsidiary Borrower. No Lender shall be required to make an
Advance hereunder or purchase participations in Letters of Credit, no Issuing Bank shall be
required to issue a Letter of Credit hereunder, in each case, to a new Subsidiary Borrower added
after the Closing Date unless the Company has furnished or caused to be furnished to the
Administrative Agent with sufficient copies for the Lenders:

(i) The Assumption Letter executed and delivered by such Subsidiary Borrower and
containing the written consent of the Company at the foot thereof, as contemplated by
Section 2.20;

(ii) Copies, certified by the Secretary, Assistant Secretary, Director or Officer
of the Subsidiary Borrower, of its Board of Directors’ resolutions (and/or resolutions
of other bodies, if any are deemed necessary by the Administrative Agent) approving the
Assumption Letter;

(iii) An incumbency certificate, executed by the Secretary, Assistant Secretary,
Director or Officer of the Subsidiary Borrower, which shall identify by name and title
and bear the signature of the officers of such Subsidiary Borrower authorized to sign
the Assumption Letter and the other documents to be executed and delivered by such
Subsidiary Borrower hereunder, upon which certificate the Administrative Agent and the
Lenders shall be entitled to rely until informed of any change in writing by the
Company;

(iv) An opinion of counsel to such Subsidiary Borrower, substantially in the form
of Exhibit E-4 hereto or, in the case of a new non-domestic Subsidiary Borrower, in a
form reasonably acceptable to the Administrative Agent;

(v) Guaranty documentation, if applicable, from such Subsidiary Borrower in form
and substance acceptable to the Administrative Agent as required pursuant to Section
7.2(K);

(vi) All documentation and other information required by bank regulatory
authorities under applicable “know-your-customer” and anti-money laundering rules and
regulations, including the USA PATRIOT Act; and

(vii) With respect to the initial Advance or any Swing Line Loan made to, or Letter
of Credit issued for the account of, any Subsidiary Borrower organized under the laws of
England and Wales (or any other jurisdiction where filings are required in order for
amounts payable under this Agreement to be exempt from applicable withholding or other
taxes), the Administrative Agent shall have received originals and/or copies, as
applicable, of all filings required to be made and such other evidence as the
Administrative Agent may require establishing to the Administrative Agent’s satisfaction
that each Lender, Swing Line Bank and Issuing Bank is entitled to receive payments under
the Loan Documents without deduction or withholding of any English (or other applicable
jurisdictions) taxes or with such deductions and withholding of English (or other
applicable jurisdictions) taxes as may be acceptable to the Administrative Agent.

 

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5.3. Each Advance and Letter of Credit. The Lenders shall not be required to make any
Advance, or convert or continue any Advance, or issue or amend any Letter of Credit and no Swing
Line Bank shall be required to make any Swing Line Loans hereunder, unless on the applicable
Borrowing Date, or in the case of a Letter of Credit, the date on which the Letter of Credit is to
be issued or amended:

(A) No Defaults. There exists no Default or Unmatured Default;

(B) Representations and Warranties. All of the representations and warranties
contained in Article VI are true and correct as of such Borrowing Date (unless such
representation and warranty is made as of a specific date, in which case, such
representation and warranty shall be true and correct as of such date) except for changes in
the Schedules to this Agreement reflecting transactions permitted by or not in violation of
this Agreement; and

(C) Maximum Amounts. The Revolving Credit Obligations do not, and after making such
proposed Advance or issuing or amending such Letter of Credit would not, exceed the Adjusted
Aggregate Commitment and the Financial Credit Obligations do not, and after making such
proposed Advance or issuing or amending such Letter of Credit would not, exceed the
Financial Credit Sublimit.

Each Borrowing/Election Notice with respect to each such Advance and the letter of credit
application with respect to each Letter of Credit shall constitute a representation and warranty by
the Borrowers that the conditions contained in Sections 5.3(A), (B) and (C) have been satisfied.

ARTICLE VI: REPRESENTATIONS AND WARRANTIES

In order to induce the Administrative Agent and the Lenders to enter into this Agreement and
to make the Loans and the other financial accommodations to the Borrowers and to issue the Letters
of Credit described herein, the Company represents and warrants as follows to each Lender and the
Administrative Agent as of the Closing Date, giving effect to the consummation of the transactions
contemplated by the Loan Documents on the Closing Date, and thereafter on each date as required by
Section 5.1, 5.2 and 5.3:

6.1. Organization; Corporate Powers; Dutch Financial Supervision Act. The Company and each of
its Subsidiaries (i) is a corporation, limited liability company or partnership that is duly
organized, validly existing and in good standing under the laws of the jurisdiction of its
organization, (ii) is duly qualified to do business as a foreign entity and is in good standing
under the laws of each jurisdiction in which failure to be so qualified and in good standing could
not reasonably be expected to have a Material Adverse Effect, and (iii) has all requisite power and
authority to own, operate and encumber its property and to conduct its business as presently
conducted and as proposed to be conducted.

6.2. Authority, Execution and Delivery; Loan Documents.

(A) Power and Authority. Each of the Loan Parties has the requisite power and
authority to execute, deliver and perform each of the Loan Documents which are to be
executed by it as required by this Agreement and the other Loan Documents and (ii) to
file the Loan Documents which must be filed by it as required by this Agreement, the
other Loan Documents or otherwise with any Governmental Authority.

 

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(B) Execution and Delivery. The execution, delivery, performance and filing, as the
case may be, of each of the Loan Documents as required by this Agreement or otherwise and to
which any Loan Party is party, and the consummation of the transactions contemplated
thereby, have been duly approved by the respective boards of directors and, if necessary,
the shareholders of the applicable Loan Parties, and such approvals have not been rescinded.

(C) Loan Documents. Each of the Loan Documents to which the Company or any of its
Subsidiaries is a party has been duly executed, delivered or filed, as the case may be, by
it and constitutes its legal, valid and binding obligation, enforceable against it in
accordance with its terms (except as enforceability may be limited by bankruptcy,
insolvency, or similar laws affecting the enforcement of creditors’ rights generally), is in
full force and effect and no material term or condition thereof has been amended, modified
or waived from the terms and conditions contained in the Loan Documents delivered to the
Administrative Agent pursuant to Section 5.1 without the prior written consent of the
Required Lenders, and the Company and its Subsidiaries have, and, to the best of the
Company’s and its Subsidiaries’ knowledge, all other parties thereto have, performed and
complied with all the terms, provisions, agreements and conditions set forth therein and
required to be performed or complied with by such parties, and no unmatured default, default
or breach of any covenant by any such party exists thereunder.

6.3. No Conflict; Governmental Consents. The execution, delivery and performance of each of
the Loan Documents to which each of the Loan Parties is a party do not and will not (i) conflict
with the certificate or articles of incorporation or by-laws of such Loan Party, (ii) constitute a
tortious interference with any Contractual Obligation of any Person or conflict with, result in a
breach of or constitute (with or without notice or lapse of time or both) a default under any
Requirement of Law or Contractual Obligation of any such Loan Party, or require termination of any
Contractual Obligation, (iii) result in or require the creation or imposition of any Lien
whatsoever upon any of the property or assets of the Company or any of its Subsidiaries, other than
Liens permitted or created by the Loan Documents, or (iv) require any approval of any Loan Party’s
Board of Directors or shareholders except such as have been obtained. The execution, delivery and
performance of each of the Loan Documents to which the Company or any of its Subsidiaries is a
party do not and will not require any registration with, consent or approval of, or notice to, or
other action to, with or by any Governmental Authority, except filings, consents or notices which
have been made, obtained or given, or which, if not made, obtained or given, individually or in the
aggregate could not reasonably be expected to have a Material Adverse Effect.

6.4. Financial Statements.

(A) Pro Forma Financials. The combined pro forma balance sheet, income statements and
statements of cash flow of the Company and its Subsidiaries, copies of which are attached
hereto as Schedule 6.4 to this Agreement, present on a pro forma basis the financial
condition of the Company and such Subsidiaries as of such date, and
demonstrate that the Company and its Subsidiaries can repay their debts and satisfy
their other obligations as and when due, and can comply with the requirements of this
Agreement. The projections and assumptions expressed in the pro forma financials referenced
in this Section 6.4(A) were prepared in good faith and represent management’s opinion based
on the information available to the Company at the time so furnished and, since the
preparation thereof and up to the Closing Date, there has occurred no change in the
business, financial condition, operations, or prospects of the Company or any of its
Subsidiaries, or the Company and its Subsidiaries taken as a whole, which has had or could
reasonably be expected to have a Material Adverse Effect.

 

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(B) Audited Financial Statements. Complete and accurate copies of the audited
financial statements and the audit reports related thereto of the Company and its
consolidated Subsidiaries as at December 31, 2009 have been delivered to the Administrative
Agent and such financial statements were prepared in accordance with generally accepted
accounting principles in effect on the date such statements were prepared and fairly present
the consolidated financial condition and operations of the Company and its Subsidiaries at
such date and the consolidated results of their operations for the period then ended.

(C) Interim Financial Statements. Complete and accurate copies of the unaudited
financial statements of the Company and its consolidated Subsidiaries as at March 31, 2010
have been delivered to the Administrative Agent and such financial statements were prepared
in accordance with generally accepted accounting principles in effect on the date such
statements were prepared and fairly present the consolidated financial condition and
operations of the Company and its Subsidiaries at such date and the consolidated results of
their operations for the period then ended, subject to normal year-end audit adjustments.

6.5. No Material Adverse Change. Since December 31, 2009, there has occurred no change in the
business, properties, condition (financial or otherwise), performance, results of operations or
prospects of the Company, any other Borrower or the Company and its Subsidiaries taken as a whole,
or any other event which has had or could reasonably be expected to have a Material Adverse Effect.

6.6. Taxes.

(A) Tax Examinations. All deficiencies which have been asserted against the Company or
any of the Company’s Subsidiaries as a result of any federal, state, local or foreign tax
examination for each taxable year in respect of which an examination has been conducted have
been fully paid or finally settled or are being contested in good faith, and no issue has
been raised by any taxing authority in any such examination which, by application of similar
principles, could reasonably be expected to result in assertion by such taxing authority of
a material deficiency for any other year not so examined which has not been reserved for in
the Company’s consolidated financial statements to the extent, if any, required by Agreement
Accounting Principles. Except as permitted pursuant to Section 7.2(D), neither the Company
nor any of the Company’s
Subsidiaries anticipates any tax liability with respect to the years which have not
been closed pursuant to applicable law.

 

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(B) Payment of Taxes. All material tax returns and reports of the Company and its
Subsidiaries required to be filed have been timely filed, and all taxes, assessments, fees
and other governmental charges thereupon and upon their respective property, assets, income
and franchises which are shown in such returns or reports to be due and payable have been
paid except those items which are being contested in good faith and have been reserved for
in accordance with Agreement Accounting Principles. The Company has no knowledge of any
proposed tax assessment against it or any of its Subsidiaries that will have or could
reasonably be expected to have a Material Adverse Effect.

6.7. Litigation; Loss Contingencies and Violations. Other than as identified on Schedule 6.7,
there is no action, suit, proceeding, arbitration or, to the Company’s knowledge, investigation
before or by any Governmental Authority or private arbitrator pending or, to the Company’s
knowledge, threatened against or affecting the Company or any of its Subsidiaries or any property
of any of them, including, without limitation, any such actions, suits, proceedings, arbitrations
and investigations disclosed in the Company’s SEC Forms 10-K and 10-Q (the “Disclosed Litigation”),
which (i) challenges the validity or the enforceability of any material provision of the Loan
Documents or (ii) has or could reasonably be expected to have a Material Adverse Effect. There is
no material loss contingency within the meaning of Agreement Accounting Principles which has not
been reflected in the consolidated financial statements of the Company prepared and delivered
pursuant to Section 7.1(A) for the fiscal period during which such material loss contingency was
incurred. Neither the Company nor any of its Subsidiaries is (A) in violation of any applicable
Requirements of Law which violation could reasonably be expected to have a Material Adverse Effect,
or (B) subject to or in default with respect to any final judgment, writ, injunction, restraining
order or order of any nature, decree, rule or regulation of any court or Governmental Authority
which could reasonably be expected to have a Material Adverse Effect.

6.8. Subsidiaries. Schedule 6.8 to this Agreement (i) contains a description of the corporate
structure of the Company, its Subsidiaries and any other Person in which the Company or any of its
Subsidiaries holds an Equity Interest; and (ii) accurately sets forth (A) the correct legal name,
the jurisdiction of incorporation and the jurisdictions in which each of the Company and the direct
and indirect Subsidiaries of the Company are qualified to transact business as a foreign
corporation, (B) the authorized, issued and outstanding shares of each class of Capital Stock of
each of the Company’s Foreign Subsidiaries and the owners of such shares (both as of the Closing
Date and on a fully-diluted basis), and (C) a summary of the direct and indirect partnership, joint
venture, or other Equity Interests, if any, of the Company and each of its Subsidiaries in any
Person. Except as disclosed on Schedule 6.8, none of the issued and outstanding Capital Stock of
the Company’s Foreign Subsidiaries is subject to any vesting, redemption, or repurchase agreement,
and there are no warrants or options outstanding with respect to such Capital Stock. The
outstanding Capital Stock of each of the Company’s Subsidiaries is duly authorized, validly issued,
fully paid and nonassessable and is not Margin Stock.

 

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6.9. ERISA. No Benefit Plan has incurred any material accumulated funding deficiency (as
defined in Sections 302(a)(2) of ERISA and 412(a) of the Code) whether or not waived. Neither the
Company nor any member of the Controlled Group has incurred any material liability to the PBGC
which remains outstanding other than the payment of premiums. As of the last day of the most
recent prior plan year, the market value of assets under each Benefit Plan, other than any
Multiemployer Plan, was not by a material amount less than the present value of benefit liabilities
thereunder (determined in accordance with the actuarial valuation assumptions described therein).
Neither the Company nor any member of the Controlled Group has (i) failed to make a required
contribution or payment to a Multiemployer Plan of a material amount or (ii) incurred a material
complete or partial withdrawal under Section 4203 or Section 4205 of ERISA from a Multiemployer
Plan. Neither the Company nor any member of the Controlled Group has failed to make an installment
or any other payment of a material amount required under Section 412 of the Code on or before the
due date for such installment or other payment. Each Plan, Foreign Employee Benefit Plan and
Non-ERISA Commitment complies in all material respects in form, and has been administered in all
material respects in accordance with its terms and in accordance with all applicable laws and
regulations, including but not limited to ERISA and the Code. There have been no and there is no
prohibited transaction described in Sections 406 of ERISA or 4975 of the Code with respect to any
Plan for which a statutory or administrative exemption does not exist which could reasonably be
expected to subject the Company or any of is Subsidiaries to material liability. Neither the
Company nor any member of the Controlled Group has taken or failed to take any action which would
constitute or result in a Termination Event, which action or inaction could reasonably be expected
to subject the Company or any of its Subsidiaries to material liability. Neither the Company nor
any member of the Controlled Group is subject to any material liability under, or has any potential
material liability under, Section 4063, 4064, 4069, 4204 or 4212(c) of ERISA. The present value of
the aggregate liabilities to provide all of the accrued benefits under any Foreign Pension Plan do
not exceed the current fair market value of the assets held in trust or other funding vehicle for
such plan by a material amount. With respect to any Foreign Employee Benefit Plan other than a
Foreign Pension Plan, reasonable reserves have been established in accordance with prudent business
practice or where required by ordinary accounting practices in the jurisdiction in which such plan
is maintained. Except as set forth on Schedule 6.9, neither the Company nor any other member of
the Controlled Group has taken or failed to take any action, nor has any event occurred, with
respect to any “employee benefit plan” (as defined in Section 3(3) of ERISA) which action, inaction
or event could reasonably be expected to subject the Company or any of its Subsidiaries to material
liability. For purposes of this Section 6.9, “material” means any amount, noncompliance or other
basis for liability which could reasonably be expected to subject the Company or any of its
Subsidiaries to liability, individually or in the aggregate with each other basis for liability
under this Section 6.9, in excess of $2,000,000.

6.10. Accuracy of Information. The information, exhibits and reports furnished by or on
behalf of the Company and any of its Subsidiaries to the Administrative Agent or to any Lender in
connection with the negotiation of, or compliance with, the Loan Documents, the representations and
warranties of the Company and its Subsidiaries contained in the Loan Documents, and all
certificates and documents delivered to the Administrative Agent and the Lenders pursuant to the
terms thereof, taken as a whole, do not contain as of the date furnished any untrue statement of a
material fact or omit to state a material fact necessary in order to make
the statements contained herein or therein, in light of the circumstances under which they
were made, not misleading.

 

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6.11. Securities Activities. Neither the Company nor any of its Subsidiaries is engaged
principally, or as one of its important activities, in the business of extending credit for the
purpose of purchasing or carrying Margin Stock. Margin Stock constitutes less than 25% of the
value of those assets of the Company and its Subsidiaries which are subject to any limitation on
sale, pledge, or other restriction hereunder.

6.12. Material Agreements. Neither the Company nor any of its Subsidiaries is a party to any
Contractual Obligation or subject to any charter or other corporate restriction which individually
or in the aggregate has had or could reasonably be expected to have a Material Adverse Effect.
Neither the Company nor any of its Subsidiaries has received notice or has knowledge that (i) it is
in default in the performance, observance or fulfillment of any of the obligations, covenants or
conditions contained in any Contractual Obligation applicable to it, or (ii) any condition exists
which, with the giving of notice or the lapse of time or both, would constitute a default with
respect to any such Contractual Obligation, in each case, except where such default or defaults, if
any, individually or in the aggregate could not reasonably be expected to have a Material Adverse
Effect.

6.13. Compliance with Laws. The Company and its Subsidiaries are in compliance with all
Requirements of Law applicable to them and their respective businesses, in each case where the
failure to so comply individually or in the aggregate could reasonably be expected to have a
Material Adverse Effect.

6.14. Assets and Properties. The Company and each of its Subsidiaries has good and marketable
title to all of its material assets and properties (tangible and intangible, real or personal)
owned by it or a valid leasehold interest in all of its material leased assets (except insofar as
marketability may be limited by any laws or regulations of any Governmental Authority affecting
such assets), and all such assets and property are free and clear of all Liens, except Liens
permitted under Section 7.3(C). Substantially all of the assets and properties owned by, leased to
or used by the Company and/or each such Subsidiary of the Company are in adequate operating
condition and repair, ordinary wear and tear excepted. Neither this Agreement nor any other Loan
Document, nor any transaction contemplated under any such agreement, will affect any right, title
or interest of the Company or such Subsidiary in and to any of such assets in a manner that could
reasonably be expected to have a Material Adverse Effect.

6.15. Statutory Indebtedness Restrictions. Neither the Company nor any of its Subsidiaries is
subject to regulation under the Federal Power Act, the Investment Company Act of 1940, or any other
foreign, federal or state statute or regulation which limits its ability to incur indebtedness or
its ability to consummate the transactions contemplated hereby.

6.16. Insurance. The insurance policies and programs in effect with respect to the
respective properties, assets, liabilities and business of the Company and its Subsidiaries reflect
coverage that is reasonably consistent with prudent industry practice.

 

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6.17. Environmental Matters.

(A) Environmental Representations. Except as disclosed on Schedule 6.17 to this
Agreement:

(i) the operations of the Company and its Subsidiaries comply in all material
respects with Environmental, Health or Safety Requirements of Law;

(ii) the Company and its Subsidiaries have all material permits, licenses or other
authorizations required under Environmental, Health or Safety Requirements of Law and
are in material compliance with such permits;

(iii) neither the Company, any of its Subsidiaries nor any of their respective
present property or operations, or, to the Company’s or any of its Subsidiaries’
knowledge, any of their respective past property or operations, are subject to or the
subject of, any investigation known to the Company or any of its Subsidiaries, any
judicial or administrative proceeding, order, judgment, decree, settlement or other
agreement respecting: (A) any material violation of Environmental, Health or Safety
Requirements of Law; (B) any remedial action; or (C) any material claims or liabilities
arising from the Release or threatened Release of a Contaminant into the environment;

(iv) there is not now, nor to the Company’s or any of its Subsidiaries’ knowledge
has there ever been, on or in the property of the Company or any of its Subsidiaries any
landfill, waste pile, underground storage tanks, aboveground storage tanks, surface
impoundment or hazardous waste storage facility of any kind, any polychlorinated
biphenyls (PCBs) used in hydraulic oils, electric transformers or other equipment, or
any asbestos containing material; and

(v) neither the Company nor any of its Subsidiaries has any material Contingent
Obligation in connection with any Release or threatened Release of a Contaminant into
the environment.

(B) Materiality. For purposes of this Section 6.17 “material” means any noncompliance
or basis for liability which could reasonably be likely to subject the Company or any of its
Subsidiaries to liability, individually or in the aggregate, in excess of $5,000,000.

6.18. Representations and Warranties of each Subsidiary Borrower. Each Subsidiary Borrower
represents and warrants to the Lenders that:

(A) Organization and Corporate Powers. Such Subsidiary Borrower (i) is a company duly
formed and validly existing and in good standing under the laws of the state or country of
its organization (such jurisdiction being hereinafter referred to as the “Home Country”) and
(ii) has the requisite power and authority to own its property and assets and to carry on
its business substantially as now conducted except where the failure to have such requisite
authority would not reasonably be expected to have a Material Adverse Effect.

 

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(B) Binding Effect. Each Loan Document executed by such Subsidiary Borrower is the
legal, valid and binding obligation of such Subsidiary Borrower enforceable in accordance
with its respective terms, except as enforceability may be limited by bankruptcy, insolvency
or similar laws affecting the enforcement of creditors’ rights generally and general
equitable principles.

(C) No Conflict; Government Consent. Neither the execution and delivery by such
Subsidiary Borrower of the Loan Documents to which it is a party, nor the consummation by it
of the transactions therein contemplated to be consummated by it, nor compliance by such
Subsidiary Borrower with the provisions thereof will violate any law, rule, regulation,
order, writ, judgment, injunction, decree or award binding on such Subsidiary Borrower or
any of its Subsidiaries or such Subsidiary Borrower’s or any of its Subsidiaries’ memoranda
or articles of association or the provisions of any indenture, instrument or agreement to
which such Subsidiary Borrower or any of its Subsidiaries is a party or is subject, or by
which it, or its property, is bound, or conflict with or constitute a default thereunder, or
result in the creation or imposition of any lien in, of or on the property of such
Subsidiary Borrower or any of its Subsidiaries pursuant to the terms of any such indenture,
instrument or agreement in any such case which violation, conflict, default, creation or
imposition would not reasonably be expected to have a Material Adverse Effect. No order,
consent, approval, license, authorization, or validation of, or filing, recording or
registration with, or exemption by, any Governmental Authority is required to authorize, or
is required in connection with the execution, delivery and performance of, or the legality,
validity, binding effect or enforceability of, any of the Loan Documents, except for such as
have been obtained or made.

(D) Filing. To ensure the enforceability or admissibility in evidence of this
Agreement and each Loan Document to which such Subsidiary Borrower is a party in its Home
Country, it is not necessary that this Agreement or any other Loan Document to which such
Subsidiary Borrower is a party or any other document be filed or recorded with any court or
other authority in its Home Country or that any stamp or similar tax be paid to or in
respect of this Agreement or any other Loan Document of such Subsidiary Borrower. The
qualification by any Lender or the Administrative Agent for admission to do business under
the laws of such Subsidiary Borrower’s Home Country does not constitute a condition to, and
the failure to so qualify does not affect, the exercise by any Lender or the Administrative
Agent of any right, privilege, or remedy afforded to any Lender or the Administrative Agent
in connection with the Loan Documents to which such Subsidiary Borrower is a party or the
enforcement of any such right, privilege, or remedy against Subsidiary Borrower. The
performance by any Lender or the Administrative Agent of any action required or permitted
under the Loan Documents will not (i) violate any law or regulation of such Subsidiary
Borrower’s Home Country or any political subdivision thereof, (ii) result in any tax or
other monetary liability to such party pursuant to the laws of such Subsidiary Borrower’s
Home Country or political subdivision or taxing authority thereof (provided that, should any
such action result in any such tax or other monetary liability to the Lender or the
Administrative Agent, the Borrowers hereby agree to indemnify such Lender or the
Administrative Agent, as the case may be, against (x) any such tax or other monetary
liability and (y) any increase in any tax or other monetary liability which results from
such action by such Lender or the
Administrative Agent and, to the extent the Borrowers make such indemnification, the
incurrence of such liability by the Administrative Agent or any Lender will not constitute a
Default) or (iii) violate any rule or regulation of any federation or organization or
similar entity of which the such Subsidiary Borrower’s Home Country is a member.

 

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(E) No Immunity. Neither such Subsidiary Borrower nor any of its assets is entitled to
immunity from suit, execution, attachment or other legal process. Such Subsidiary
Borrower’s execution and delivery of the Loan Documents to which it is a party constitute,
and the exercise of its rights and performance of and compliance with its obligations under
such Loan Documents will constitute, private and commercial acts done and performed for
private and commercial purposes.

(F) Application of Representations and Warranties. It is understood and agreed by the
parties hereto that the representations and warranties of each Subsidiary Borrower in this
Section 6.18 shall only be applicable to such Subsidiary Borrower on and after the date of
its execution of an Assumption Letter.

6.19. Benefits. Each of the Company and its Subsidiaries will benefit from the financing
arrangement established by this Agreement. The Administrative Agent and the Lenders have stated
and the Company acknowledges that, but for the agreement by each of the Subsidiary Guarantors to
execute and deliver the Subsidiary Guaranty, the Administrative Agent and the Lenders would not
have made available the credit facilities established hereby on the terms set forth herein.

6.20. Solvency. After giving effect to (i) the Loans to be made, and the Letters of Credit to
be issued, on the Closing Date or such other date as Loans or Letters of Credit requested hereunder
are made or issued (as applicable), (ii) the other transactions contemplated by this Agreement and
the other Loan Documents and (iii) the payment and accrual of all transaction costs with respect to
the foregoing, the Company and its Subsidiaries taken as a whole are Solvent.

ARTICLE VII: COVENANTS

The Company covenants and agrees that so long as any Commitments are outstanding and
thereafter until all of the Termination Conditions have been satisfied, unless the Required Lenders
shall otherwise give prior written consent:

7.1. Reporting. The Company shall:

(A) Financial Reporting. Furnish to the Administrative Agent (for delivery to each of
the Lenders):

(i) Quarterly Reports. As soon as practicable and in any event within forty-five
(45) days after the end of each of (a) the first three quarterly periods of each of its
fiscal years, the consolidated balance sheet of the Company and its Subsidiaries as at
the end of such period and the related consolidated statements of income and cash flows
of the Company and its Subsidiaries for such fiscal quarter and for the period from the
beginning of the then current fiscal

 

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year to the end of such fiscal quarter,
certified by a Financial Officer of the Company on behalf of the Company and its
Subsidiaries as fairly presenting the consolidated financial position of the Company and
its Subsidiaries as at the dates indicated and the results of their operations and cash
flows for the periods indicated in accordance with Agreement Accounting Principles,
subject to normal year-end audit adjustments and the absence of footnotes and (b) each
quarterly period of its fiscal year, (1) schedules, in form and substance reasonably
satisfactory to the Administrative Agent, showing (aa) the date of issue, account party,
Agreed Currency and amount (both drawn and undrawn) in such Agreed Currency, Issuing
Bank, expiration date and the reference number of each Letter of Credit issued hereunder
and (bb) the comparable information and details for each other letter of credit issued
for the account of the Company or any Subsidiary, in each case outstanding at the end of
such quarterly period and (2) a report relating to the asbestos litigation described in
Schedule 6.17, and any other Product Liability Events, for such quarter, such report
being in form and substance satisfactory to the Administrative Agent and in any event
describing (aa) any final judgments or orders (whether monetary or non-monetary) entered
against the Company or any Subsidiary and (bb) any settlements for the payment of money
entered into by the Company or any Subsidiary.

(ii) Annual Reports. As soon as practicable, and in any event within ninety (90)
days after the end of each fiscal year, (a) the consolidated balance sheet of the
Company and its Subsidiaries as at the end of such fiscal year and the related
consolidated statements of income, stockholders’ equity and cash flows of the Company
and its Subsidiaries for such fiscal year, and in comparative form the corresponding
figures for the previous fiscal year along with consolidating schedules in form and
substance sufficient to calculate the financial covenants set forth in Section 7.4 and
(b) an audit report on the consolidated financial statements (but not the consolidating
financial statements or schedules) listed in clause (a) hereof of independent certified
public accountants of recognized national standing, which audit report shall be
unqualified and shall state that such financial statements fairly present the
consolidated financial position of the Company and its Subsidiaries as at the dates
indicated and the results of their operations and cash flows for the periods indicated
in conformity with Agreement Accounting Principles and that the examination by such
accountants in connection with such consolidated financial statements has been made in
accordance with generally accepted auditing standards. The deliveries made pursuant to
this clause (ii) shall be accompanied by (x) any management letter prepared by the
above-referenced accountants, and (y) a certificate of such accountants that, in the
course of their examination necessary for their certification of the foregoing, they
have obtained no knowledge of any Default or Unmatured Default, or if, in the opinion of
such accountants, any Default or Unmatured Default shall exist, stating the nature and
status thereof.

 

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(iii) Officer’s Certificate. Together with each delivery of any financial
statement (a) pursuant to clauses (i) or (ii) of this Section 7.1(A), an Officer’s
Certificate of the Company, substantially in the form of Exhibit F attached hereto and
made a part hereof, stating that as of the date of such Officer’s Certificate no Default
or Unmatured Default exists, or if any Default or Unmatured Default exists, stating
the nature and status thereof and (b) pursuant to clauses (i) and (ii) of this
Section 7.1(A), a compliance certificate, substantially in the form of Exhibit G
attached hereto and made a part hereof, signed by an Authorized Officer, which
demonstrates compliance with the tests contained in Section 7.3 and Section 7.4, and
which calculates the Pricing Ratio for purposes of determining the then Applicable
Floating Rate Margin, Applicable Eurodollar Margin, Applicable L/C Fee Percentage and
Applicable Commitment Fee Percentage.

(iv) Budgets; Business Plans; Financial Projections. As soon as practicable and in
any event not later than one hundred twenty (120) days after the beginning of each
fiscal year commencing with the fiscal year beginning January 1, 2011, a copy of the
plan and forecast (including a projected balance sheet, income statement and a statement
of cash flow) of the Company and its Subsidiaries for the upcoming three (3) fiscal
years prepared in such detail as shall be reasonably satisfactory to the Administrative
Agent.

(B) Notice of Default. Promptly upon any of the chief executive officer, chief
operating officer, chief financial officer, treasurer, controller, chief legal officer or
general counsel of the Company obtaining knowledge (i) of any condition or event which
constitutes a Default or Unmatured Default, or becoming aware that any Lender or
Administrative Agent has given any written notice with respect to a claimed Default or
Unmatured Default under this Agreement, or (ii) that any Person has given any written notice
to the Company or any Subsidiary of the Company or taken any other action with respect to a
claimed default or event or condition of the type referred to in Section 8.1(E), or (iii)
that any other development, financial or otherwise, which could reasonably be expected to
have a Material Adverse Effect has occurred, the Company shall deliver to the Administrative
Agent and the Lenders an Officer’s Certificate specifying (a) the nature and period of
existence of any such claimed default, Default, Unmatured Default, condition or event, (b)
the notice given or action taken by such Person in connection therewith, and (c) what action
the Company has taken, is taking and proposes to take with respect thereto.

(C) Lawsuits.

(i) Promptly upon the Company obtaining knowledge of the institution of, or written
threat of, any action, suit, proceeding, governmental investigation or arbitration, by
or before any Governmental Authority, against or affecting the Company or any of its
Subsidiaries or any property of the Company or any of its Subsidiaries not previously
disclosed pursuant to Section 6.7, which action, suit, proceeding, governmental
investigation or arbitration exposes, or in the case of multiple actions, suits,
proceedings, governmental investigations or arbitrations arising out of the same general
allegations or circumstances which expose, in the Company’s reasonable judgment, the
Company and/or any of its Subsidiaries to liability in an amount aggregating $20,000,000
or more, give written notice thereof to the Administrative Agent and the Lenders and
provide such other information as may be reasonably available to enable each Lender and
the Administrative Agent and its counsel to evaluate such matters; and

 

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(ii) Promptly upon the Company or any of its Subsidiaries obtaining knowledge of
any material adverse developments with respect to any of the Disclosed Litigation, which
Disclosed Litigation exposes, in the Company’s reasonable judgment, the Company and/or
any of its Subsidiaries to liability in an amount aggregating $5,000,000 or more, give
written notice thereof to the Administrative Agent and the Lenders and provide such
other information as may be reasonably available to enable each Lender and the
Administrative Agent and its counsel to evaluate such matters; and

(iii) In addition to the requirements set forth in clauses (i) and (ii) of this
Section 7.1(C), upon request of the Administrative Agent or the Required Lenders,
promptly give written notice of the status of any Disclosed Litigation or any action,
suit, proceeding, governmental investigation or arbitration covered by a report
delivered pursuant to clause (i) above and provide such other information as may be
reasonably available to it that would not jeopardize any attorney-client privilege by
disclosure to the Lenders to enable each Lender and the Administrative Agent and its
counsel to evaluate such matters.

(D) ERISA Notices. Deliver or cause to be delivered to the Administrative Agent and
the Lenders, at the Company’s expense, the following information and notices as soon as
reasonably possible, and in any event:

(i) (a) within ten (10) Business Days after the Company obtains knowledge that a
Termination Event has occurred, a written statement of a Financial Officer of the
Company describing such Termination Event and the action, if any, which the Company has
taken, is taking or proposes to take with respect thereto, and when known, any action
taken or threatened by the IRS, DOL or PBGC with respect thereto and (b) within ten (10)
Business Days after any member of the Controlled Group obtains knowledge that a
Termination Event has occurred which could reasonably be expected to subject the Company
or any of its Subsidiaries to liability in excess of $5,000,000, a written statement of
a Financial Officer or designee of the Company describing such Termination Event and
the action, if any, which the member of the Controlled Group has taken, is taking or
proposes to take with respect thereto, and when known, any action taken or threatened by
the IRS, DOL or PBGC with respect thereto;

(ii) within ten (10) Business Days after the filing of any funding waiver request
with the IRS, a copy of such funding waiver request and thereafter all communications
received by the Company or a member of the Controlled Group with respect to such request
within ten (10) Business Days such communication is received; and

(iii) within ten (10) Business Days after the Company or any member of the
Controlled Group knows or has reason to know that (a) a Multiemployer Plan has been
terminated, (b) the administrator or plan sponsor of a Multiemployer Plan intends to
terminate a Multiemployer Plan, or (c) the PBGC has instituted or will
institute proceedings under Section 4042 of ERISA to terminate a Multiemployer
Plan, a notice describing such matter.

 

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For purposes of this Section 7.1(D), the Company, any of its Subsidiaries and any member of
the Controlled Group shall be deemed to know all facts known by the administrator of any
Plan of which the Company or any member of the Controlled Group or such Subsidiary is the
plan sponsor.

(E) Other Indebtedness. Deliver to the Administrative Agent (i) a copy of each regular
report, notice or communication regarding potential or actual defaults or amortization
events (including any accompanying officer’s certificate) delivered by or on behalf of the
Company to the holders of Material Indebtedness pursuant to the terms of the agreements
governing such Material Indebtedness, such delivery to be made at the same time and by the
same means as such notice of default is delivered to such holders, and (ii) a copy of each
notice or other communication received by the Company from the holders of Material
Indebtedness regarding potential or actual defaults pursuant to the terms of such Material
Indebtedness, such delivery to be made promptly after such notice or other communication is
received by the Company or any of its Subsidiaries.

(F) Other Reports. Deliver or cause to be delivered to the Administrative Agent and
the Lenders copies of (i) all financial statements, reports and notices, if any, sent or
made available generally by the Company to their securities holders or filed with the
Commission by the Company, (ii) all press releases made available generally by the Company
or any of the Company’s Subsidiaries to the public concerning material developments in the
business of the Company or any such Subsidiary and (iii) all notifications received from the
Commission by the Company or its Subsidiaries pursuant to the Securities Exchange Act of
1934 and the rules promulgated thereunder.

(G) Environmental Notices. As soon as possible and in any event within ten (10) days
after receipt by the Company, deliver to the Administrative Agent and the Lenders a copy of
(i) any notice or claim to the effect that the Company or any of its Subsidiaries is or may
be liable to any Person as a result of the Release by the Company, any of its Subsidiaries,
or any other Person of any Contaminant into the environment, and (ii) any notice alleging
any violation of any Environmental, Health or Safety Requirements of Law by the Company or
any of its Subsidiaries if, in either case, such notice or claim relates to an event which
could reasonably be expected to subject the Company and its Subsidiaries to liability
individually or in the aggregate in excess of $5,000,000.

(H) Other Information. Promptly upon receiving a request therefor from the
Administrative Agent (acting on its own behalf or at the request of any Lender or Issuing
Bank), prepare and deliver to the Administrative Agent and the Lenders such other
information with respect to the Company, any of its Subsidiaries, as from time to time may
be reasonably requested by the Administrative Agent.

 

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7.2. Affirmative Covenants.

(A) Existence, Etc. The Company shall and, except as permitted pursuant to Section
7.3(H), shall cause each of its Subsidiaries to, at all times maintain its existence and
preserve and keep, or cause to be preserved and kept, in full force and effect its rights
and franchises material to its businesses.

(B) Corporate Powers; Conduct of Business. The Company shall, and shall cause each of
its Subsidiaries to, qualify and remain qualified to do business in each jurisdiction in
which the nature of its business requires it to be so qualified and where the failure to be
so qualified will have or could reasonably be expected to have a Material Adverse Effect.
The Company will, and will cause each Subsidiary to, carry on and conduct its business in
substantially the same manner and in substantially the same fields of enterprise as it is
presently conducted.

(C) Compliance with Laws, Etc. The Company shall, and shall cause its Subsidiaries to,
(a) comply with all Requirements of Law and all restrictive covenants affecting such Person
or the business, properties, assets or operations of such Person, and (b) obtain as needed
all permits necessary for its operations and maintain such permits in good standing unless
failure to comply or obtain such permits could not reasonably be expected to have a Material
Adverse Effect.

(D) Payment of Taxes and Claims; Tax Consolidation. The Company shall pay, and cause
each of its Subsidiaries to pay, (i) all taxes, assessments and other governmental charges
imposed upon it or on any of its properties or assets or in respect of any of its
franchises, business, income or property before any penalty or interest accrues thereon, and
(ii) all claims (including, without limitation, claims for labor, services, materials and
supplies) for sums which have become due and payable and which by law have or may become a
Lien (other than a Lien permitted by Section 7.3(C)) upon any of the Company’s or such
Subsidiary’s property or assets, prior to the time when any penalty or fine shall be
incurred with respect thereto; provided, however, that no such taxes, assessments and
governmental charges referred to in clause (i) above or claims referred to in clause (ii)
above (and interest, penalties or fines relating thereto) need be paid if being contested in
good faith by appropriate proceedings diligently instituted and conducted and if such
reserve or other appropriate provision, if any, as shall be required in conformity with
Agreement Accounting Principles shall have been made therefor.

(E) Insurance. The Company shall maintain for itself and its Subsidiaries, or shall
cause each of its Subsidiaries to maintain in full force and effect, insurance policies and
programs, with such deductibles or self-insurance amounts as reflect coverage that is
reasonably consistent with prudent industry practice as determined by the Company.

 

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(F) Inspection of Property; Books and Records; Discussions. The Company shall permit
and cause each of its Subsidiaries to permit, any authorized representative(s) designated by
either the Administrative Agent or any Lender to visit and inspect any of the properties of
the Company or any of its Subsidiaries, to examine their respective financial and accounting
records and other material data relating to their respective businesses or the transactions
contemplated hereby (including, without limitation, in connection with environmental
compliance, hazard or liability), and to discuss their
affairs, finances and accounts with their officers and independent certified public
accountants, all upon reasonable notice and at such reasonable times during normal business
hours, as often as may be reasonably requested (provided that an officer of the Company or
any of its Subsidiaries may, if it so desires, be present at and participate in any such
discussion). The Company shall keep and maintain, and cause each of its Subsidiaries to
keep and maintain, in all material respects, proper books of record and account in which
entries in conformity with Agreement Accounting Principles shall be made of all dealings and
transactions in relation to their respective businesses and activities. If a Default has
occurred and is continuing, the Company, upon the Administrative Agent’s request, shall turn
over copies of any such records to the Administrative Agent or its representatives.

(G) ERISA Compliance. The Company shall, and shall cause each of its Subsidiaries to,
establish, maintain and operate all Plans to comply in all material respects with the
provisions of ERISA and shall operate all Plans to comply in all material respects with the
applicable provisions of the Code, all other applicable laws, and the regulations and
interpretations thereunder and the respective requirements of the governing documents for
such Plans, except for any noncompliance which, individually or in the aggregate, could not
reasonably be expected to subject the Company or any of its Subsidiaries to liability,
individually or in the aggregate, in excess of $20,000,000.

(H) Maintenance of Property. The Company shall cause all property used or useful in
the conduct of its business or the business of any Subsidiary to be maintained and kept in
good condition, repair and working order and supplied with all necessary equipment and shall
cause to be made all necessary repairs, renewals, replacements, betterments and improvements
thereof, all as in the judgment of the Company may be necessary so that the business carried
on in connection therewith may be properly and advantageously conducted at all times;
provided, however, that nothing in this Section 7.2(H) shall prevent the Company or any of
its Subsidiaries from discontinuing the operation or maintenance of any of such property if
such discontinuance is, in the judgment of the Company, desirable in the conduct of its
business or the business of any Subsidiary and not disadvantageous in any material respect
to the Administrative Agent or the Lenders.

(I) Environmental Compliance. The Company and its Subsidiaries shall comply with all
Environmental, Health or Safety Requirements of Law, except where noncompliance will not
have or is not reasonably likely to subject the Company or any of its Subsidiaries to
liability, individually or in the aggregate, in excess of $20,000,000.

(J) Use of Proceeds. The Borrowers shall use the proceeds of the Revolving Loans to
provide funds for general corporate purposes of the Company and its Subsidiaries, including,
without limitation, to refinance certain existing debt, for working capital purposes and to
finance Permitted Acquisitions. The Company will not, nor will they permit any Subsidiary
to, use any of the proceeds of the Loans to purchase or carry any Margin Stock in violation
of any applicable legal and regulatory requirements including, without limitation,
Regulations T, U, and X, the Securities Act of 1933 and the
Securities Exchange Act of 1934 and the regulations promulgated thereunder, or to make
any Acquisition, other than a Permitted Acquisition pursuant to Section 7.3(F).

 

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(K) Subsidiary Guarantors.

(i) New Subsidiaries. The Company shall cause each New Subsidiary that is, at any
time, a Material Subsidiary (other than any Excluded Foreign Subsidiary) and each other
Subsidiary as is necessary to remain in compliance with the terms of Section 7.3(Q), to
deliver to the Administrative Agent an executed supplement to the Subsidiary Guaranty in
the form of the supplement attached thereto (a “Supplement”) to become a Subsidiary
Guarantor and appropriate corporate resolutions, opinions and other documentation in
form and substance reasonably satisfactory to the Administrative Agent, such Supplement
and other documentation to be delivered to the Administrative Agent as promptly as
possible upon the creation, acquisition of or capitalization thereof or if otherwise
necessary to remain in compliance with Section 7.3(Q), but in any event within thirty
(30) days of such creation, acquisition or capitalization.

(ii) Additional Material Subsidiaries. If any consolidated Subsidiary of the
Company (other than a New Subsidiary to the extent addressed in Section 7.2(K)(i))
becomes a Material Subsidiary (other than an Excluded Foreign Subsidiary), the Company
shall cause any such Material Subsidiary to deliver to the Administrative Agent an
executed Supplement to become a Subsidiary Guarantor and appropriate corporate
resolutions, opinions and other documentation in form and substance reasonably
satisfactory to the Administrative Agent in connection therewith, such Supplement and
other documentation to be delivered to the Administrative Agent as promptly as possible
but in any event within thirty (30) days following the date on which such consolidated
Subsidiary became a Material Subsidiary.

(iii) Other Required Guarantors. If at any time any Subsidiary of the Company
which is not a Subsidiary Guarantor guaranties any Indebtedness of the Company
(including, without limitation, Indebtedness incurred pursuant to the Term Loan
Agreement or the Letter of Credit Agreement and all replacements, substitutions,
extensions or renewals thereof) other than the Indebtedness hereunder, the Company shall
cause such Subsidiary to deliver to the Administrative Agent an executed Supplement to
become a Subsidiary Guarantor and appropriate corporate resolutions, opinions and other
documentation in form and substance reasonably satisfactory to the Administrative Agent
in connection therewith, such Supplement and other documentation to be delivered to the
Administrative Agent concurrently with the delivery of the guaranty of such other
Indebtedness.

(iv) Additional Excluded Foreign Subsidiaries. In the event any Subsidiary
otherwise required to become a Guarantor under paragraphs (ii) or (iii) above would
cause the Company adverse tax consequences if it were to become a Guarantor or is
restricted from becoming a Guarantor as a result of domestic laws or otherwise, the
Administrative Agent may, in its discretion, permit such Subsidiary to be treated as
an Excluded Foreign Subsidiary, and, accordingly, such Subsidiary would not be
required to become a Guarantor.

 

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(L) Foreign Employee Benefit Compliance. The Company shall, and shall cause each of
its Subsidiaries and each member of its Controlled Group to, establish, maintain and
operate all Foreign Employee Benefit Plans to comply in all material respects with all laws,
regulations and rules applicable thereto and the respective requirements of the governing
documents for such Plans, except for failures to comply which, in the aggregate, would not
be reasonably likely to subject the Company or any of its Subsidiaries to liability,
individually or in the aggregate, in excess of $20,000,000.

7.3. Negative Covenants.

(A) Subsidiary Indebtedness. The Company shall not permit any of its Subsidiaries
directly or indirectly to create, incur, assume or otherwise become or remain directly or
indirectly liable with respect to any Indebtedness, except:

(i) Indebtedness of the Borrowers under this Agreement and the Subsidiaries under
the Subsidiary Guaranty;

(ii) Indebtedness in respect of guaranties executed by any Subsidiary Guarantor
with respect to any Indebtedness of the Company, provided such Indebtedness is not
incurred by the Company in violation of this Agreement;

(iii) Indebtedness in respect of obligations secured by Customary Permitted Liens;

(iv) Indebtedness constituting Contingent Obligations permitted by Section 7.3(E);

(v) Unsecured Indebtedness arising from loans from (a) any Subsidiary to any
wholly-owned Subsidiary, (b) the Company to any wholly-owned Subsidiary, (c) Lealand
Finance Company B.V. to any Subsidiary (other than any Subsidiary Guarantor) in an
aggregate outstanding principal amount not to exceed $50,000,000 at any time and (d) any
one or more Subsidiary Guarantors to Horton CBI, Limited in an aggregate outstanding
principal amount not to exceed $100,000,000; provided, that if either the Company or any
Subsidiary Guarantor is the obligor on such Indebtedness, such Indebtedness may only be
due either the Company or a Subsidiary Guarantor and shall be expressly subordinate to
the payment in full in cash of the Obligations on terms satisfactory to the
Administrative Agent;

(vi) Indebtedness in respect of Hedging Obligations which are not prohibited under
Section 7.3(O);

(vii) Indebtedness (a) with respect to surety, appeal and performance bonds and
Performance Letters of Credit obtained by any of the Company’s Subsidiaries in the
ordinary course of business, and (b) incurred or maintained by any of the Company’s
Subsidiaries under the Letter of Credit Agreement or the Term Loan Agreement and
the other ‘Loan Documents’ (as defined in the Term Loan Agreement);

 

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(viii) Indebtedness evidenced by letters of credit, bank guarantees or other
similar instruments in an aggregate face amount not to exceed at any time $60,000,000
issued in the ordinary course of business to secure obligations of the Company and its
Subsidiaries under workers’ compensation and other social security programs, and
Contingent Obligations with respect to any such permitted letters of credit, bank
guarantees or other similar instruments; and

(ix) (a) Permitted Existing Indebtedness and (b) other Indebtedness, in addition to
that referred to elsewhere in this Section 7.3(A), incurred by the Company’s
Subsidiaries, provided that no Default or Unmatured Default shall have occurred and be
continuing at the date of such incurrence or would result therefrom, and provided
further that the aggregate outstanding amount of all Indebtedness incurred by the
Company’s Subsidiaries under this clause (ix)(b) shall not at any time exceed
$20,000,000.

(B) Sales of Assets. Neither the Company nor any of its Subsidiaries shall consummate
any Asset Sale, except:

(i) sales of inventory in the ordinary course of business;

(ii) the disposition in the ordinary course of business of equipment that is
obsolete, excess or no longer used or useful in the Company’s or its Subsidiaries’
businesses;

(iii) transfers of assets between the Company and any wholly-owned Subsidiary of
the Company, or between wholly-owned Subsidiaries of the Company not otherwise
prohibited by this Agreement;

(iv) the Permitted Sale and Leaseback Transactions;

(v) the sale or other disposition of those certain assets acquired from Pitt-Des
Moines Inc. and identified in a ruling dated as of July 12, 2003 by the Federal Trade
Commission requiring the divestiture of such assets so long as the aggregate book value
of such assets described in this clause (v) does not exceed $15,000,000 and the sale of
such assets is on terms ordered by the Federal Trade Commission or otherwise reasonably
acceptable to the Administrative Agent; and

(vi) other leases, sales or other dispositions of assets if such transaction (a) is
for consideration consisting at least eighty percent (80%) of cash, (b) is for not less
than fair market value (as determined in good faith by the Company’s board of
directors), and (c) involves assets that, together with all other assets of the Company
and its Subsidiaries previously leased, sold or disposed of (other than pursuant to
clauses (i) through (v) above) as permitted by this Section (x) during the twelve-month
period ending with the month in which any such lease, sale or other disposition occurs,
do not constitute a Substantial Portion of the assets of the Company and its
Subsidiaries and (y) since the Closing Date do not exceed $40,000,000, in each case
when combined with all such other transactions during such period (each such transaction
being valued at book value).

 

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(C) Liens. Neither the Company nor any of its Subsidiaries shall directly or
indirectly create, incur, assume or permit to exist any Lien on or with respect to any of
their respective property or assets except:

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

(ii) Customary Permitted Liens;

(iii) Liens arising pursuant to the Term Loan Agreement and the other “Loan
Documents” (as defined in the Term Loan Agreement); and

(iv) other Liens, including Permitted Existing Liens, (a) securing Indebtedness of
the Company (other than Indebtedness of the Company owed to any Subsidiary) and/or (b)
securing Indebtedness of the Company’s Subsidiaries as permitted pursuant to Section
7.3(A) and in an aggregate outstanding amount not to exceed ten percent (10%) of
consolidated assets of the Company and its Subsidiaries at any time.

In addition, neither the Company nor any of its Subsidiaries shall become a party to any
agreement, note, indenture or other instrument, or take any other action, which would
prohibit the creation of a Lien on any of its properties or other assets in favor of the
Administrative Agent as collateral for the Obligations; provided that any agreement, note,
indenture or other instrument in connection with purchase money Indebtedness (including
Capitalized Leases) incurred in compliance with the terms of this Agreement may prohibit the
creation of a Lien in favor of the Administrative Agent and the Lenders on the items of
property obtained with the proceeds of such Indebtedness.

(D) Investments. Except to the extent permitted pursuant to Section 7.3(F), neither
the Company nor any of its Subsidiaries shall directly or indirectly make or own any
Investment except:

(i) Investments in cash and Cash Equivalents;

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

(iii) Investments in trade receivables or received in connection with the
bankruptcy or reorganization of suppliers and customers and in settlement of delinquent
obligations of, and other disputes with, customers and suppliers arising in the ordinary
course of business;

(iv) Investments consisting of deposit accounts maintained by the Company and its
Subsidiaries;

 

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(v) Investments consisting of non-cash consideration from a sale, assignment,
transfer, lease, conveyance or other disposition of property permitted by Section
7.3(B);

(vi) Investments in any consolidated Subsidiaries;

(vii) Investments in joint ventures (other than Subsidiaries) and nonconsolidated
Subsidiaries in an aggregate amount not to exceed $200,000,000;

(viii) Investments constituting Permitted Acquisitions;

(ix) Investments constituting Indebtedness permitted by Section 7.3(A) or
Contingent Obligations permitted by Section 7.3(E);

(x) Investments in addition to those referred to elsewhere in this Section 7.3(D)
in an aggregate amount not to exceed $20,000,000.

(E) Contingent Obligations. None of the Company’s Subsidiaries shall directly or
indirectly create or become or be liable with respect to any Contingent Obligation, except:
(i) recourse obligations resulting from endorsement of negotiable instruments for collection
in the ordinary course of business; (ii) Permitted Existing Contingent Obligations; (iii)
Contingent Obligations (x) incurred by any Subsidiary of the Company to support the
performance of bids, tenders, sales or contracts (other than for the repayment of borrowed
money) of any other Subsidiary of the Company or, solely to the extent of its relative
ownership interest therein, any Person (other than a wholly-owned Subsidiary of the Company)
in which such Subsidiary has a joint interest or other ownership interest, in each case in
the ordinary course of business, and, in the case of joint ventures or other ownership
interests, the Contingent Obligation in respect thereof is in an aggregate amount not to
exceed $30,000,000, (y) incurred by any Subsidiary of the Company under the Term Loan
Agreement or the Letter of Credit Agreement, and (z) with respect to surety, appeal and
performance bonds obtained by the Company or any Subsidiary (provided that the Indebtedness
with respect thereto is permitted pursuant to Section 7.3(A)) or, solely to the extent of
its relative ownership interest therein, any Person (other than a wholly-owned Subsidiary of
the Company) in which such Subsidiary has a joint interest or other ownership interest, in
each case in the ordinary course of business and, in the case of joint ventures or other
ownership interests, the Contingent Obligation in respect thereof is in an aggregate amount
not to exceed $30,000,000; and (iv) Contingent Obligations of the Subsidiary Guarantors
under the Subsidiary Guaranty.

(F) Conduct of Business; Subsidiaries; Permitted Acquisitions. Neither the Company nor
any of its Subsidiaries shall engage in any business other than the businesses engaged in by
the Company and its Subsidiaries on the Closing Date and any business or activities which
are substantially similar, related or incidental thereto or logical extensions thereof. The
Company shall not create, acquire or capitalize any Subsidiary after the Closing Date unless
(i) no Default or Unmatured Default shall have occurred and be continuing or would result
therefrom; (ii) after such creation, acquisition or

 

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capitalization, all of the
representations and warranties contained herein shall be true
and correct (unless such representation and warranty is made as of a specific date, in
which case, such representation or warranty shall be true and correct as of such date); and
(iii) after such creation, acquisition or capitalization the Company and such Subsidiary
shall be in compliance with the terms of Sections 7.2(K) and 7.3(R). Neither the Company
nor its Subsidiaries shall make any Acquisitions, other than Acquisitions meeting the
following requirements or otherwise approved by the Required Lenders each such Acquisition
constituting a “Permitted Acquisition”):

(a) as of the date of consummation of such Acquisition (before and after taking
into account such Acquisition), all representations and warranties set forth in this
Agreement and the other Loan Documents shall be true and correct in all material
respects as though made on such date (unless such representation and warranty is
made as of a specific date, in which case, such representation and warranty shall be
true and correct as of such date) and no event shall have occurred and then be
continuing which constitutes a Default or Unmatured Default under this Agreement;

(b) prior to the consummation of any such Permitted Acquisition, the Company
shall provide written notification to the Administrative Agent of all pro forma
adjustments to EBITDA to be made in connection with such Acquisition;

(c) the purchase is consummated pursuant to a negotiated acquisition agreement
on a non-hostile basis and approved by the target company’s board of directors (and
shareholders, if necessary) prior to the consummation of the Acquisition;

(d) the businesses being acquired shall be substantially similar, related or
incidental to the businesses or activities engaged in by the Company and its
Subsidiaries on the Closing Date;

(e) prior to such Acquisition and the incurrence of any Indebtedness permitted
by Section 7.3(A) in connection therewith, the Company shall deliver to the
Administrative Agent and the Lenders a certificate from one of the Authorized
Officers, demonstrating, on a pro forma basis using unadjusted historical audited or
reviewed unaudited financial statements obtained from the seller(s) in respect of
each such Acquisition as if the Acquisition and such incurrence of Indebtedness had
occurred on the first day of the twelve-month period ending on the last day of the
Company’s most recently completed fiscal quarter, the Company would have been in
compliance with the financial covenants in Section 7.4 and not otherwise in Default;
and

(f) without the prior written consent of the Required Lenders, (i) the purchase
price for the Acquisition (including, without limitation or duplication, cash,
Capital Stock, Restricted Payments and Indebtedness assumed) shall not exceed 10% of
Consolidated Net Worth as of the Company’s most recently ended fiscal year prior to
such Acquisition and (ii) the aggregate of the purchase price for all Acquisitions
(including, without limitation or duplication, cash, Capital
Stock, Restricted Payments and Indebtedness assumed) otherwise permitted
hereunder shall not exceed $200,000,000 during the term of this Agreement.

 

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(G) Transactions with Shareholders and Affiliates. Other than (i) Investments
permitted by Section 7.3(D), neither the Company nor any of its Subsidiaries shall directly
or indirectly (a) enter into or permit to exist any transaction (including, without
limitation, the purchase, sale, lease or exchange of any property or the rendering of any
service) with, or make loans or advances to any holder or holders of any of the Equity
Interests of the Company, or with any Affiliate of the Company which is not its Subsidiary
of the Company, on terms that are less favorable to the Company or any of its Subsidiaries,
as applicable, than those that could reasonably be obtained in an arm’s length transaction
at the time from Persons who are not such a holder or Affiliate.

(H) Restriction on Fundamental Changes. Neither the Company nor any of its
Subsidiaries shall enter into any merger or consolidation, or liquidate, wind-up or dissolve
(or suffer any liquidation or dissolution), or convey, lease, sell, transfer or otherwise
dispose of, in one transaction or series of transactions, all or substantially all of the
Company’s consolidated business or property (each such transaction a “Fundamental Change”),
whether now or hereafter acquired, except (i) Fundamental Changes permitted under Sections
7.3(B), 7.3(D) or 7.3(G), (ii) a Subsidiary of the Company may be merged into or
consolidated with the Company (in which case the Company shall be the surviving corporation)
or any wholly-owned Subsidiary of the Company provided the Company owns, directly or
indirectly, a percentage of the equity of the merged entity not less than the percentage it
owned of the Subsidiary prior to such Fundamental Change and if the predecessor Subsidiary
was a Guarantor, the surviving Subsidiary shall be a Guarantor hereunder, and (iii) any
liquidation of any Subsidiary of the Company, into the Company or another Subsidiary of the
Company, as applicable.

(I) Sales and Leasebacks. Neither the Company nor any of its Subsidiaries shall become
liable, directly, by assumption or by Contingent Obligation, with respect to any Sale and
Leaseback Transaction (other than the Permitted Sale and Leaseback Transactions), unless the
sale involved is not prohibited under Section 7.3(B), the lease involved is not prohibited
under Section 7.3(A) and any related Investment is not prohibited under Section 7.3(D).

(J) Margin Regulations. Neither the Company nor any of its Subsidiaries, shall use all
or any portion of the proceeds of any credit extended under this Agreement to purchase or
carry Margin Stock in violation of any applicable legal and regulatory requirements
including, without limitation, Regulations T, U and X, the Securities Act of 1933, and the
Securities Exchange Act of 1934 and the regulations promulgated thereunder.

(K) ERISA. The Company shall not

(i) permit to exist any accumulated funding deficiency (as defined in Sections 302
of ERISA and 412 of the Code), with respect to any Benefit Plan, whether or not waived;

 

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(ii) terminate, or permit any Controlled Group member to terminate, any Benefit
Plan which would result in liability of the Company or any Controlled Group member under
Title IV of ERISA;

(iii) fail, or permit any Controlled Group member to fail, to pay any required
installment or any other payment required under Section 412 of the Code on or before the
due date for such installment or other payment; or

(iv) permit any unfunded liabilities with respect to any Foreign Pension Plan;

except those contained in Schedule 6.9 and where such transactions, events, circumstances,
or failures are not, individually or in the aggregate, reasonably expected to result in
liability individually or in the aggregate in excess of $20,000,000.

(L) Corporate Documents. Neither the Company nor any of its Subsidiaries shall amend,
modify or otherwise change any of the terms or provisions in any of their respective
constituent documents as in effect on the Closing Date in any manner adverse to the
interests of the Lenders, without the prior written consent of the Required Lenders.

(M) Fiscal Year. Neither the Company nor any of its consolidated Subsidiaries shall
change its fiscal year for accounting or tax purposes from a period consisting of the
12-month period ending on the last day of December of each year.

(N) Subsidiary Covenants. Except as set forth on Schedule 7.3(N), the Company will
not, and will not permit any Subsidiary to, create or otherwise cause to become effective or
suffer to exist any consensual encumbrance or restriction of any kind on the ability of any
Subsidiary to pay dividends or make any other distribution on its stock or redemption of its
stock, or make any other Restricted Payment, pay any Indebtedness or other Obligation owed
to Company or any other Subsidiary, make loans or advances or other Investments in the
Company or any other Subsidiary, or sell, transfer or otherwise convey any of its property
to the Company or any other Subsidiary, or merge, consolidate with or liquidate into the
Company or any other Subsidiary.

(O) Hedging Obligations. The Company shall not and shall not permit any of its
Subsidiaries to enter into any Hedging Arrangements evidencing Hedging Obligations, other
than Hedging Arrangements entered into by the Company or its Subsidiaries pursuant to which
the Company or such Subsidiary has hedged its reasonably estimated interest rate, foreign
currency or commodity exposure, and which are non-speculative in nature.

(P) Issuance of Disqualified Stock. From and after the Closing Date, neither the
Company, nor any of its Subsidiaries shall issue any Disqualified Stock. All issued and
outstanding Disqualified Stock shall be treated as Indebtedness for all purposes of this
Agreement, and the amount of such deemed Indebtedness shall be the aggregate amount of the
liquidation preference of such Disqualified Stock.

 

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(Q) Non-Guarantor Subsidiaries. The Company will not at any time permit the sum of the
aggregate assets of all of the Company’s Subsidiaries which are not
Subsidiary Guarantors (the non-guarantor Subsidiaries being referred to collectively as
the “Non-Obligor Subsidiaries”) to exceed twenty percent (20%) of the Company’s and its
Subsidiaries consolidated assets.

(R) Intercompany Indebtedness. The Company shall not create, incur, assume or
otherwise become or remain directly or indirectly liable with respect to any Indebtedness
arising from loans from any Subsidiary to the Company unless (a) such Indebtedness is
unsecured and (ii) such Indebtedness shall be expressly subordinate to the payment in full
in cash of the Obligations on terms satisfactory to the Administrative Agent.

(S) Restricted Payments. The Company shall not, nor shall it permit any Subsidiary to,
declare, make or pay any Restricted Payments (other than permitted Restricted Payments
listed on Schedule 7.3(S)) in excess of $100,000,000 in the aggregate during any period of
twelve (12) consecutive months.

7.4. Financial Covenants. The Company shall comply with the following:

(A) Maximum Leverage Ratio. As of the last day of each fiscal quarter, the Company
shall not permit the ratio (the “Leverage Ratio”) of (i) all Adjusted Indebtedness of the
Company and its Subsidiaries to (ii) EBITDA to be greater than 2.50 to 1.00 for the
four-quarter period ending on such date.

The Leverage Ratio (and for purposes of determining the Applicable Floating Rate
Margin, Applicable Eurodollar Margin, Applicable L/C Fee Percentage and Applicable
Commitment Fee Percentage pursuant to Section 2.14(D)(ii), the Pricing Ratio) shall be
calculated, in each case, determined as of the last day of each fiscal quarter based upon
(a) for Adjusted Indebtedness, Adjusted Indebtedness as of the last day of each such fiscal
quarter; and (b) for EBITDA, the actual amount for the four-quarter period ending on such
day, calculated, with respect to Permitted Acquisitions, on a pro forma basis using
historical audited and reviewed unaudited financial statements obtained from the seller(s)
in such Permitted Acquisition, broken down by fiscal quarter in the Company’s reasonable
judgment and satisfactory to the Administrative Agent and as reported to the Administrative
Agent pursuant to the provisions of Section 7.3(F)(b).

(B) Minimum Fixed Charge Coverage Ratio. The Company and its consolidated Subsidiaries
shall maintain a ratio (“Fixed Charge Coverage Ratio”), without duplication, of Consolidated
Net Income Available for Fixed Charges to Consolidated Fixed Charges for the period of four
fiscal quarters ending on the last day of each fiscal quarter, of at least 1.75 to 1.00 as
of the end of such fiscal quarter for the period commencing with the fiscal quarter ending
on June 30, 2010 through the Termination Date.

 

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If, during the period for which Consolidated Net Income Available for Fixed Charges and
Consolidated Fixed Charges are being calculated, the Company or any Subsidiary has acquired
any Person (or the assets thereof) resulting in such Person becoming or otherwise resulting
in a Subsidiary, compliance with this Section 7.4(B)
shall be determined by calculating Consolidated Net Income Available for Fixed Charges
and Consolidated Fixed Charges on a pro forma basis as if such Subsidiary had become such a
Subsidiary on the first day of such period and any Indebtedness incurred in connection
therewith was incurred on such date.

(C) Minimum Consolidated Net Worth. The Company shall not permit its Consolidated Net
Worth at any time to be less than (i) the sum of (a) $674,755,000 plus (b) fifty percent
(50%) of the sum of Consolidated Net Income (if positive) earned in each fiscal quarter,
commencing with the fiscal quarter ending on September 30, 2010, plus (c) 75% of the amount,
if any, by which stockholders’ equity of the Company is, in accordance with Agreement
Accounting Principles, adjusted from time to time as a result of the issuance of any Equity
Interests after June 30, 2010.

ARTICLE VIII: DEFAULTS

8.1. Defaults. Each of the following occurrences shall constitute a Default under this
Agreement:

(A) Failure to Make Payments When Due. The Company or any Subsidiary Borrower shall
(i) fail to pay when due any of the Obligations consisting of principal with respect to the
Loans or Reimbursement Obligations or (ii) shall fail to pay within five (5) days of the
date when due any of the other Obligations under this Agreement or the other Loan Documents.

(B) Breach of Certain Covenants. The Company shall fail duly and punctually to perform
or observe any agreement, covenant or obligation binding on the Company under Sections
7.1(A), 7.2(A), 7.2(F), 7.2(K), 7.3 or 7.4.

(C) Breach of Representation or Warranty. Any representation or warranty made or
deemed made by the Company or any Subsidiary Borrower to the Administrative Agent or any
Lender herein or by the Company or any Subsidiary Borrower or any of its Subsidiaries in any
of the other Loan Documents or in any statement or certificate or information at any time
given by any such Person pursuant to any of the Loan Documents shall be false or misleading
in any material respect on the date as of which made (or deemed made).

(D) Other Defaults. The Company or any Subsidiary Borrower shall default in the
performance of or compliance with any term contained in this Agreement (other than as
covered by paragraphs (A) or (B) or (C) of this Section 8.1), or the Company or any
Subsidiary Borrower or any of its Subsidiaries shall default in the performance of or
compliance with any term contained in any of the other Loan Documents, and such default
shall continue for thirty (30) days after the occurrence thereof.

 

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(E) Default as to Other Indebtedness. The Company or any of its Subsidiaries shall
fail to make any payment when due (whether by scheduled maturity, required prepayment,
acceleration, demand or otherwise) with respect to any Indebtedness (other than Indebtedness
hereunder), beyond any period of grace provided with respect thereto,
which individually or together with other such Indebtedness as to which any such
failure or other Default under this clause (E) exists has an aggregate outstanding principal
amount equal to or in excess of Twenty Million and 00/100 Dollars ($20,000,000) (such
Indebtedness being “Material Indebtedness”); or any breach, default or event of default
(including any termination event, amortization event, liquidation event or event of like
import arising under any agreement or instrument giving rise to any Off-Balance Sheet
Liabilities) shall occur, or any other condition shall exist under any instrument, agreement
or indenture pertaining to any such Material Indebtedness, beyond any period of grace, if
any, provided with respect thereto, if the effect thereof is to cause an acceleration,
mandatory redemption, a requirement that the Company offer to purchase such Indebtedness or
other required repurchase or early amortization of such Indebtedness, or permit the
holder(s) of such Indebtedness to accelerate the maturity of any such Indebtedness or
require a redemption, early amortization or repurchase of such Indebtedness; or any such
Indebtedness shall be otherwise declared to be due and payable (by acceleration or
otherwise) or required to be prepaid, redeemed, amortized or otherwise repurchased by the
Company or any of its Subsidiaries (other than by a regularly scheduled required prepayment)
prior to the stated maturity thereof.

(F) Involuntary Bankruptcy; Appointment of Receiver, Etc.

(i) An involuntary case shall be commenced against the Company or any of the
Company’s Subsidiaries and the petition shall not be dismissed, stayed, bonded or
discharged within forty-five (45) days after commencement of the case; or a court having
jurisdiction in the premises shall enter a decree or order for relief in respect of the
Company or any of the Company’s Subsidiaries in an involuntary case, under any
applicable bankruptcy, insolvency or other similar law now or hereinafter in effect; or
any other similar relief shall be granted under any applicable federal, state, local or
foreign law.

(ii) A decree or order of a court having jurisdiction in the premises for the
appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer
having similar powers over the Company or any of the Company’s Subsidiaries or over all
or a substantial part of the property of the Company or any of the Company’s
Subsidiaries shall be entered; or an interim receiver, trustee or other custodian of the
Company or any of the Company’s Subsidiaries or of all or a substantial part of the
property of the Company or any of the Company’s Subsidiaries shall be appointed or a
warrant of attachment, execution or similar process against any substantial part of the
property of the Company or any of the Company’s Subsidiaries shall be issued and any
such event shall not be stayed, dismissed, bonded or discharged within forty-five (45)
days after entry, appointment or issuance.

(G) Voluntary Bankruptcy; Appointment of Receiver, Etc. The Company or any of the
Company’s Subsidiaries shall (i) commence a voluntary case under any applicable bankruptcy,
insolvency or other similar law now or hereafter in effect, (ii) consent to the entry of an
order for relief in an involuntary case, or to the conversion of an involuntary case to a
voluntary case, under any such law, (iii) consent to the appointment of or taking possession
by a receiver, trustee or other custodian for all or a
substantial part of its property, (iv) make any assignment for the benefit of creditors
or (v) take any corporate action to authorize any of the foregoing.

 

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(H) Judgments and Attachments. Any money judgment(s), writ or warrant of attachment,
or similar process against the Company or any of its Subsidiaries or any of their respective
assets involving in any single case or in the aggregate an amount in excess of Twenty
Million and 00/100 Dollars ($20,000,000) (to the extent not covered by independent third
party insurance as to which the insurer does not dispute coverage) is or are entered and
shall remain undischarged, unvacated, unbonded or unstayed for a period of thirty (30) days
or in any event later than fifteen (15) days prior to the date of any proposed sale
thereunder.

(I) Dissolution. Any order, judgment or decree shall be entered against the Company or
any Subsidiary decreeing its involuntary dissolution or split up and such order shall remain
undischarged and unstayed for a period in excess of forty-five (45) days; or the Company or
any Subsidiary shall otherwise dissolve or cease to exist except as specifically permitted
by this Agreement.

(J) Loan Documents. At any time, for any reason, any Loan Document as a whole that
materially affects the ability of the Administrative Agent, or any of the Lenders to enforce
the Obligations ceases to be in full force and effect or the Company or any of the Company’s
Subsidiaries party thereto seeks to repudiate its obligations thereunder.

(K) Termination Event. Any Termination Event occurs which the Required Lenders believe
is reasonably likely to subject the Company to liability in excess of $20,000,000.

(L) Waiver of Minimum Funding Standard. If the plan administrator of any Plan applies
under Section 412(d) of the Code for a waiver of the minimum funding standards of Section
412(a) of the Code and any Lender believes the substantial business hardship upon which the
application for the waiver is based could reasonably be expected to subject either the
Company or any Controlled Group member to liability in excess of $20,000,000.

(M) Change of Control. A Change of Control shall occur.

(N) Environmental Matters. The Company or any of its Subsidiaries shall be the subject
of any proceeding or investigation (other than in connection with a Product Liability Event)
pertaining to (i) the Release by the Company or any of its Subsidiaries of any Contaminant
into the environment, (ii) the liability of the Company or any of its Subsidiaries arising
from the Release by any other Person of any Contaminant into the environment, or (iii) any
violation of any Environmental, Health or Safety Requirements of Law which by the Company or
any of its Subsidiaries, which, in any case, has or is reasonably likely to subject the
Company to liability individually or in the aggregate in excess of $20,000,000 (to the
extent not covered by independent third party insurance as to which the insurer does not
dispute coverage).

 

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(O) Guarantor Revocation. Any Guarantor of the Obligations shall terminate or revoke
any of its obligations under the applicable Guaranty or breach any of the material terms of
such Guaranty.

A Default shall be deemed “continuing” until cured or until waived in writing in accordance
with Section 9.2.

ARTICLE IX: ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES

9.1. Termination of Commitments; Acceleration. (i) If any Default described in Section 8.1(F)
or 8.1(G) occurs with respect to the Company, any Subsidiary Borrower or any Subsidiary Guarantor,
the obligations of the Lenders to make Loans hereunder and the obligation of any Issuing Banks to
issue Letters of Credit hereunder shall automatically terminate and the Obligations shall
immediately become due and payable without any election, action, presentment, demand, protest or
notice of any kind on the part of the Administrative Agent or any Lender, all of which the
Borrowers expressly waive. If any other Default occurs, the Required Lenders may terminate or
suspend the obligations of the Lenders to make Loans hereunder and the obligation of the Issuing
Banks to issue Letters of Credit hereunder, or declare the Obligations to be due and payable, or
both, whereupon the Obligations shall become immediately due and payable, without presentment,
demand, protest or notice of any kind, all of which the Borrowers expressly waive. In either case,
upon the Obligations becoming so due and payable, each Borrower will be and become thereby
unconditionally obligated, without any further notice, act or demand, to pay to the Administrative
Agent an amount in immediately available funds, which funds shall be held in the L/C Collateral
Account, equal to the difference of (x) the amount of L/C Obligations at such time plus the
aggregate amount of all fees and expenses that may accrue or arise until all Letters of Credit have
expired or been terminated, less (y) the amount on deposit in the L/C Collateral Account at such
time which is free and clear of all rights and claims of third parties and has not been applied
against the Obligations (such difference, the “Collateral Shortfall Amount”).

(ii) If at any time while any Default is continuing, the Administrative Agent
determines that the Collateral Shortfall Amount at such time is greater than zero, the
Administrative Agent may make demand on the Borrowers to pay, and the Borrowers will,
forthwith upon such demand and without any further notice or act, pay to the
Administrative Agent the Collateral Shortfall Amount, which funds shall be deposited in
the L/C Collateral Account.

(iii) The Administrative Agent may at any time while any Default is continuing and
funds are deposited in the L/C Collateral Account, apply such funds to the payment of
the Obligations and any other amounts as shall from time to time have become due and
payable by any Borrower to the Administrative Agent, the Lenders or the Issuing Banks
under the Loan Documents.

(iv) At any time while any Default is continuing, neither any Borrower nor any
Person claiming on behalf of or through any Borrower shall have any right to withdraw
any of the funds held in the L/C Collateral Account. After all of the Obligations have
been indefeasibly paid in full and the Aggregate Commitment has
been terminated, any funds remaining in the L/C Collateral Account shall be
returned by the Administrative Agent to the Company or paid to whomever may be legally
entitled thereto at such time.

 

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9.2. Amendments. Subject to the provisions of this Article IX, the Required Lenders (or the
Administrative Agent with the consent in writing of the Required Lenders) and the Borrowers may
enter into agreements supplemental hereto for the purpose of adding or modifying any provisions to
the Loan Documents or changing in any manner the rights of the Lenders or the Borrowers hereunder
or waiving any Default hereunder; provided, however, that no such supplemental agreement shall:

(i) Postpone or extend the Termination Date, the expiry date of any Letter of
Credit beyond the Termination Date or any other date fixed for any payment of principal
of, or interest on, the Loans, the Reimbursement Obligations or any fees or other
amounts payable to any Lender (except with respect to (a) any modifications of the
provisions relating to amounts, timing or application of optional prepayments of Loans
and other Obligations, which modification shall require only the approval of the
Required Lenders and (b) a waiver of the application of the default rate of interest
pursuant to Section 2.10 hereof which waiver shall require only the approval of the
Required Lenders) or amend any provision of Section 2.4(B), in each case, without the
consent of each Lender affected thereby.

(ii) Reduce the principal Dollar Amount of any Loans or L/C Obligations, or reduce
the rate or extend the time of payment of interest or fees thereon (other than a waiver
of the application of the default rate of interest pursuant to Section 2.10 hereof)
without the consent of each Lender affected thereby.

(iii) Reduce the percentage specified in the definition of Required Lenders or any
other percentage of Lenders specified to be the applicable percentage in this Agreement
to act on specified matters or amend the definitions of “Required Lenders” or “Pro Rata
Share” without the consent of each Lender.

(iv) Increase the amount of the Commitment of any Lender hereunder, increase any
Lender’s Pro Rata Share or modify the obligation of any Lender to make a disbursement in
its Pro Rata Share thereof, in each case without the consent of such Lender.

(v) Permit the Company or, other than pursuant to a transaction permitted under the
terms of this Agreement, any Subsidiary Borrower to assign its rights under this
Agreement without the consent of each Lender.

(vi) Other than pursuant to a transaction permitted by the terms of this Agreement,
release any Guarantor from its obligations under the Guaranty without the consent of
each Lender.

(vii) Amend Section 7.2(K), Section 13.2, Section 13.3 or this Section 9.2 without
the consent of each Lender.

 

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No amendment of any provision of this Agreement relating to (a) the Administrative Agent shall
be effective without the written consent of the Administrative Agent, (b) Swing Line Loans shall be
effective without the written consent of the Swing Line Bank and (c) any Issuing Bank shall be
effective without the written consent of such Issuing Bank. No amendment to Section 2.22 of this
Agreement shall be effective without the written consent of the Administrative Agent, the Swing
Line Bank and each Issuing Bank. The Administrative Agent may waive payment of the fee required
under Section 14.3(B) without obtaining the consent of any of the Lenders. Notwithstanding
anything herein to the contrary, the Administrative Agent may amend the provisions of Exhibits A-1
and A-2 from time to time to take into account the effectiveness of assignments made pursuant to
Section 14.3 or changes in the Commitments pursuant to Section 2.5 or changes in the identities of
the Issuing Banks, provided the failure to do so shall not otherwise affect the rights or
obligations of the Lenders or the Borrowers hereunder.

The Administrative Agent may notify the other parties to this Agreement of any amendments to
this Agreement which the Administrative Agent reasonably determines to be necessary as a result of
the commencement of the third stage of the European Economic and Monetary Union. Notwithstanding
anything to the contrary contained herein, any amendments so notified shall take effect in
accordance with the terms of the relevant notification.

9.3. Preservation of Rights. No delay or omission of the Lenders or the Administrative Agent
to exercise any right under the Loan Documents shall impair such right or be construed to be a
waiver of any Default or an acquiescence therein, and the making of a Loan or the issuance of a
Letter of Credit notwithstanding the existence of a Default or the inability of the Company or any
other Borrower to satisfy the conditions precedent to such Loan or issuance of such Letter of
Credit shall not constitute any waiver or acquiescence. Any single or partial exercise of any such
right shall not preclude other or further exercise thereof or the exercise of any other right, and
no waiver, amendment or other variation of the terms, conditions or provisions of the Loan
Documents whatsoever shall be valid unless in writing signed by the requisite number of Lenders
required pursuant to Section 9.2, and then only to the extent in such writing specifically set
forth. All remedies contained in the Loan Documents or by law afforded shall be cumulative and all
shall be available to the Administrative Agent and the Lenders until all of the Termination
Conditions shall have been satisfied.

ARTICLE X: GUARANTY

10.1. Guaranty. For valuable consideration, the receipt of which is hereby acknowledged, and
to induce the Lenders to make advances to each Borrower and to issue and participate in Letters of
Credit and Swing Line Loans, the Company and each Subsidiary Borrower (collectively, the “Borrower
Guarantors”) hereby absolutely and unconditionally guarantees prompt payment when due, whether at
stated maturity, upon acceleration or otherwise, and at all times thereafter, of any and all
existing and future Obligations of each Borrower to the Administrative Agent, the Lenders, the
Swing Line Bank, the Issuing Banks, or any of them, under or with respect to the Loan Documents,
whether for principal, interest, fees, expenses or otherwise (collectively, the “Guaranteed
Obligations”).

 

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10.2. Waivers; Subordination of Subrogation.

(A) Waivers. Each Borrower Guarantor waives notice of the acceptance of this guaranty
and of the extension or continuation of the Guaranteed Obligations or any part thereof.
Each Borrower Guarantor further waives presentment, protest, notice of notices delivered or
demand made on any Borrower or action or delinquency in respect of the Guaranteed
Obligations or any part thereof, including any right to require the Administrative Agent and
the Lenders to sue any Borrower, any other guarantor or any other Person obligated with
respect to the Guaranteed Obligations or any part thereof; provided, that if at any time any
payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be
restored or returned upon the insolvency, bankruptcy or reorganization of any of the
Borrowers or otherwise, the Borrower Guarantor’s obligations hereunder with respect to such
payment shall be reinstated at such time as though such payment had not been made and
whether or not the Administrative Agent or the Lenders are in possession of this guaranty.
The Administrative Agent and the Lenders shall have no obligation to disclose or discuss
with the Company their assessments of the financial condition of the Borrowers.

(B) Subordination of Subrogation. Until the Guaranteed Obligations have been
indefeasibly paid in full in cash, each Borrower Guarantor (i) shall have no right of
subrogation with respect to such Guaranteed Obligations and (ii) waives any right to enforce
any remedy which the Administrative Agent now has or may hereafter have against any
Borrower, any other Guarantor, any endorser or any guarantor of all or any part of the
Guaranteed Obligations or any other Person. Should any Borrower Guarantor have the right,
notwithstanding the foregoing, to exercise its subrogation rights, each Borrower Guarantor
hereby expressly and irrevocably (a) subordinates any and all rights at law or in equity to
subrogation, reimbursement, exoneration, contribution, indemnification or set off that such
Borrower Guarantor may have to the indefeasible payment in full in cash of the Guaranteed
Obligations and (b) waives any and all defenses available to a surety, guarantor or
accommodation co-obligor until the Guaranteed Obligations are indefeasibly paid in full in
cash. Each Borrower Guarantor acknowledges and agrees that this subordination is intended
to benefit the Administrative Agent and shall not limit or otherwise affect any Borrower
Guarantor liability hereunder or the enforceability of this Guaranty, and that the
Administrative Agent, the Lenders and their successors and assigns are intended third party
beneficiaries of the waivers and agreements set forth in this Section 10.2.

10.3. Guaranty Absolute. This guaranty is a guaranty of payment and not of collection, is a
primary obligation of each Borrower Guarantor and not one of surety, and the validity and
enforceability of this guaranty shall be absolute and unconditional irrespective of, and shall not
be impaired or affected by any of the following: (a) any extension, modification or renewal of, or
indulgence with respect to, or substitutions for, the Guaranteed Obligations or any part thereof or
any agreement relating thereto at any time; (b) any failure or omission to enforce any right, power
or remedy with respect to the Guaranteed Obligations or any part thereof or any agreement relating
thereto; (c) any waiver of any right, power or remedy with respect to the Guaranteed Obligations or
any part thereof or any agreement relating thereto; (d) any release, surrender, compromise,
settlement, waiver, subordination or modification, with or without consideration, any other
guaranties with respect to the Guaranteed Obligations or any part thereof, or any other obligation
of any Person with respect to the Guaranteed Obligations or

 

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 any part thereof; (e) the enforceability or validity of the Guaranteed Obligations or any part
thereof or the genuineness, enforceability or validity of any agreement relating thereto,
including, without limitation, as a result of a Country Risk Event; (f) the application of payments
received from any source to the payment of obligations other than the Guaranteed Obligations, any
part thereof or amounts which are not covered by this guaranty even though the Administrative Agent
and the Lenders might lawfully have elected to apply such payments to any part or all of the
Guaranteed Obligations or to amounts which are not covered by this guaranty; (g) any change in the
ownership of any Borrower or the insolvency, bankruptcy or any other change in the legal status of
any Borrower; (h) the change in or the imposition of any law, decree, regulation or other
governmental act which does or might impair, delay or in any way affect the validity,
enforceability or the payment when due of the Guaranteed Obligations; (i) the failure of the
Company or any other Borrower to maintain in full force, validity or effect or to obtain or renew
when required all governmental and other approvals, licenses or consents required in connection
with the Guaranteed Obligations or this guaranty, or to take any other action required in
connection with the performance of all obligations pursuant to the Guaranteed Obligations or this
guaranty; (j) the existence of any claim, setoff or other rights which the Company may have at any
time against any Borrower, or any other Person in connection herewith or an unrelated transaction;
or (k) any other circumstances, whether or not similar to any of the foregoing, which could
constitute a defense to a guarantor; all whether or not such Borrower Guarantor shall have had
notice or knowledge of any act or omission referred to in the foregoing clauses (a) through (k) of
this paragraph. It is agreed that each Borrower Guarantor’s liability hereunder is several and
independent of any other guaranties or other obligations at any time in effect with respect to the
Guaranteed Obligations or any part thereof and that each Borrower Guarantor’s liability hereunder
may be enforced regardless of the existence, validity, enforcement or non-enforcement of any such
other guaranties or other obligations or any provision of any applicable law or regulation
purporting to prohibit payment by any Borrower of the Guaranteed Obligations in the manner agreed
upon between the Borrower and the Administrative Agent and the Lenders.

10.4. Acceleration. Each Borrower Guarantor agrees that, as between such Borrower Guarantor
on the one hand, and the Lenders and the Administrative Agent, on the other hand, the obligations
of each Borrower guaranteed under this Article X may be declared to be forthwith due and payable,
or may be deemed automatically to have been accelerated, as provided in Section 9.1 hereof for
purposes of this Article X, notwithstanding any stay, injunction or other prohibition (whether in a
bankruptcy proceeding affecting such Borrower or otherwise) preventing such declaration as against
such Borrower and that, in the event of such declaration or automatic acceleration, such
obligations (whether or not due and payable by such Borrower) shall forthwith become due and
payable by each Borrower Guarantor for purposes of this Article X.

10.5. Marshaling; Reinstatement. None of the Lenders nor the Administrative Agent nor any
Person acting for or on behalf of the Lenders or the Administrative Agent shall have any obligation
to marshal any assets in favor of any Borrower Guarantor or against or in payment of any or all of
the Guaranteed Obligations. If any Borrower Guarantor or any other guarantor of all or any part of
the Guaranteed Obligations makes a payment or payments to any Lender or the Administrative Agent,
which payment or payments or any part thereof are subsequently invalidated, declared to be
fraudulent or preferential, set aside and/or required to be repaid to any Borrower Guarantor or any
other guarantor or any other Person, or their respective
estates, trustees, receivers or any other party, including, without limitation, each Borrower
Guarantor, under any bankruptcy law, state or federal law, common law or equitable cause, then, to
the extent of such payment or repayment, the part of the Guaranteed Obligations which has been
paid, reduced or satisfied by such amount shall be reinstated and continued in full force and
effect as of the time immediately preceding such initial payment, reduction or satisfaction.

 

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10.6. Termination Date. This guaranty shall continue in effect until the later of (a) the
Facility Termination Date, and (b) the date on which all of the Guaranteed Obligations have been
paid in full in cash, subject to the proviso in Section 10.2(A).

ARTICLE XI: GENERAL PROVISIONS

11.1. Survival of Representations. All representations and warranties of the Borrowers
contained in this Agreement shall survive delivery of this Agreement, the making of the Loans and
the issuance of the Letters of Credit herein contemplated so long as any principal, accrued
interest, fees, or any other amount due and payable under any Loan Document is outstanding and
unpaid (other than contingent reimbursement and indemnification obligations) and so long as the
Commitments have not been terminated.

11.2. Governmental Regulation. Anything contained in this Agreement to the contrary
notwithstanding, no Lender shall be obligated to extend credit to the Company or any other Borrower
in violation of any limitation or prohibition provided by any applicable statute or regulation.

11.3. Performance of Obligations. The Borrowers agree that the Administrative Agent may, but
shall have no obligation to (i) at any time, pay or discharge taxes, liens, security interests or
other encumbrances levied or placed on or threatened against any property of any Borrower to the
extent any such Borrower is required by the terms hereof to pay any such amount, but has not done
so and (ii) after the occurrence and during the continuance of a Default, to make any other payment
or perform any act required of the Company or any other Borrower under any Loan Document or take
any other action which the Administrative Agent in its discretion deems necessary or desirable to
protect or preserve such property of the Company. The Administrative Agent shall use its
reasonable efforts to give the applicable Borrower notice of any action taken under this Section
11.3 prior to the taking of such action or promptly thereafter provided the failure to give such
notice shall not affect the applicable Borrower’s obligations in respect thereof. The Borrowers
agree to pay the Administrative Agent, upon demand, the principal amount of all funds advanced by
the Administrative Agent under this Section 11.3, together with interest thereon at the rate from
time to time applicable to Floating Rate Loans from the date of such advance until the outstanding
principal balance thereof is paid in full. If any Borrower fails to make payment in respect of any
such advance under this Section 11.3 within one (1) Business Day after the date the applicable
Borrower receives written demand therefor from the Administrative Agent, the Administrative Agent
shall promptly notify each Lender and each Lender agrees that it shall thereupon make available to
the Administrative Agent, in Dollars in immediately available funds, the amount equal to such
Lender’s Pro Rata Share of such advance. If such funds are not made available to the
Administrative Agent by such Lender within one (1) Business Day after the Administrative Agent’s
demand therefor, the Administrative Agent will be entitled to recover any such amount from such
Lender together
with interest thereon at the Federal Funds Effective Rate for each day during the period
commencing on the date of such demand and ending on the date such amount is received. The failure
of any Lender to make available to the Administrative Agent its Pro Rata Share of any such
unreimbursed advance under this Section 11.3 shall neither relieve any other Lender of its
obligation hereunder to make available to the Administrative Agent such other Lender’s Pro Rata
Share of such advance on the date such payment is to be made nor increase the obligation of any
other Lender to make such payment to the Administrative Agent.

 

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11.4. Headings. Section headings in the Loan Documents are for convenience of reference only,
and shall not govern the interpretation of any of the provisions of the Loan Documents.

11.5. Entire Agreement. The Loan Documents and the fee letters described in Section 5.1(viii)
hereof embody the entire agreement and understanding among the Borrowers, the Administrative Agent,
the Syndication Agent and the Lenders and supersede all prior agreements and understandings among
the Borrowers, the Administrative Agent, the Syndication Agent and the Lenders relating to the
subject matter thereof.

11.6. Several Obligations; Benefits of this Agreement. The respective obligations of the
Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any
other Lender (except to the extent to which the Administrative Agent is authorized to act as such).
The failure of any Lender to perform any of its obligations hereunder shall not relieve any other
Lender from any of its obligations hereunder. This Agreement shall not be construed so as to
confer any right or benefit upon any Person other than the parties to this Agreement and their
respective successors and assigns.

11.7. Expenses; Indemnification.

(A) Expenses. The Borrowers shall reimburse the Administrative Agent and each Arranger
for any reasonable costs, internal charges and out-of-pocket expenses (including reasonable
attorneys’ and paralegals’ fees and time charges of attorneys and paralegals for the
Administrative Agent or such Arranger, which attorneys and paralegals may be employees of
the Administrative Agent or such Arranger) paid or incurred by the Administrative Agent or
such Arranger in connection with the preparation, negotiation, execution, delivery,
syndication, distribution (including via the internet), review, amendment, modification, and
administration of the Loan Documents. The Borrowers also agree to reimburse the
Administrative Agent and each Arranger and the Lenders for any costs, internal charges and
out-of-pocket expenses (including attorneys’ and paralegals’ fees and time charges of
attorneys and paralegals for the Administrative Agent and such Arranger and the Lenders,
which attorneys and paralegals may be employees of the Administrative Agent or such Arranger
or the Lenders) paid or incurred by the Administrative Agent or such Arranger or any Lender
in connection with the collection of the Obligations and enforcement of the Loan Documents.
In addition to expenses set forth above, the Borrowers agree to reimburse the Administrative
Agent, promptly after the Administrative Agent’s request therefor, for each audit, or other
business analysis performed by or for the benefit of the Lenders in connection with this
Agreement or the other Loan Documents in an amount equal to the Administrative
Agent’s then customary charges for each person employed to perform such audit or
analysis, plus all costs and expenses (including, without limitation, travel expenses)
incurred by the Administrative Agent in the performance of such audit or analysis.
Administrative Agent shall provide the Borrowers with a detailed statement of all
reimbursements requested under this Section 11.7(A).

 

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(B) Indemnity. The Borrowers further agree to defend, protect, indemnify, and hold
harmless the Administrative Agent, each Arranger and each and all of the Lenders and each of
their respective Affiliates, and each of such Administrative Agent’s, Arranger’s, Lender’s,
or Affiliate’s respective officers, directors, trustees, investment advisors, employees,
attorneys and agents (including, without limitation, those retained in connection with the
satisfaction or attempted satisfaction of any of the conditions set forth in Article V)
(collectively, the “Indemnitees”) from and against any and all liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, claims, costs, expenses of any kind
or nature whatsoever (including, without limitation, the fees and disbursements of counsel
for such Indemnitees in connection with any investigative, administrative or judicial
proceeding, whether or not any of such Indemnitees shall be designated a party thereto),
imposed on, incurred by, or asserted against such Indemnitees in any manner relating to or
arising out of:

(i) this Agreement or any of the other Loan Documents, or any act, event or
transaction related or attendant thereto or to the making of the Loans, and the
issuance of and participation in Letters of Credit hereunder, the management of such
Loans or Letters of Credit, the use or intended use of the proceeds of the Loans or
Letters of Credit hereunder, or any of the other transactions contemplated by the Loan
Documents; or

(ii) any liabilities, obligations, responsibilities, losses, damages, personal
injury, death, punitive damages, economic damages, consequential damages, treble
damages, intentional, willful or wanton injury, damage or threat to the environment,
natural resources or public health or welfare, costs and expenses (including, without
limitation, attorney, expert and consulting fees and costs of investigation, feasibility
or remedial action studies), fines, penalties and monetary sanctions, interest, direct
or indirect, known or unknown, absolute or contingent, past, present or future relating
to violation of any Environmental, Health or Safety Requirements of Law arising from or
in connection with the past, present or future operations of the Company, its
Subsidiaries or any of their respective predecessors in interest, or, the past, present
or future environmental, health or safety condition of any respective property of the
Company or its Subsidiaries, the presence of asbestos-containing materials at any
respective property of the Company or its Subsidiaries or the Release or threatened
Release of any Contaminant into the environment (collectively, the “Indemnified
Matters”);

provided, however, no Borrower shall have any obligation to an Indemnitee hereunder with
respect to Indemnified Matters caused solely by or resulting solely from the willful
misconduct or Gross Negligence of such Indemnitee with respect to the Loan Documents, as
determined by the final non-appealed judgment of a court of competent jurisdiction. If
the undertaking to indemnify, pay and hold harmless set forth in the preceding sentence may
be unenforceable because it is violative of any law or public policy, the applicable
Borrower shall contribute the maximum portion which it is permitted to pay and satisfy under
applicable law, to the payment and satisfaction of all Indemnified Matters incurred by the
Indemnitees.

 

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(C) Waiver of Certain Claims; Settlement of Claims. Neither the Administrative Agent,
either Arranger, any Lender nor the Company or any other Borrower shall be liable under this
Agreement or any Loan Document or in respect of any act, omission or event relating to the
transaction contemplated hereby or thereby, on any theory of liability seeking
consequential, special, indirect, exemplary or punitive damages. No settlement shall be
entered into by the Company or any of its Subsidiaries with respect to any claim,
litigation, arbitration or other proceeding relating to or arising out of the transactions
evidenced by this Agreement or the other Loan Documents (whether or not the Administrative
Agent or any Lender or any Indemnitee is a party thereto) unless such settlement releases
all Indemnitees from any and all liability with respect thereto.

(D) Survival of Agreements. The obligations and agreements of the Borrowers under this
Section 11.7 shall survive the termination of this Agreement.

(E) Payment. All amounts due under the preceding clauses (A) and (B) of this Section
11.7 shall be payable promptly after written demand therefor.

11.8. Numbers of Documents. All statements, notices, closing documents, and requests
hereunder shall be furnished to the Administrative Agent with sufficient counterparts so that the
Administrative Agent may furnish one to each of the Lenders.

11.9. Accounting. Except as provided to the contrary herein, all accounting terms used herein
shall be interpreted and all accounting determinations hereunder shall be made in accordance with
Agreement Accounting Principles. If any changes in generally accepted accounting principles are
hereafter required or permitted and are adopted by the Company or any of its Subsidiaries with the
agreement of its independent certified public accountants and such changes result in a change in
the method of calculation of any of the financial covenants, tests, restrictions or standards
herein or in the related definitions or terms used therein (“Accounting Changes”), the parties
hereto agree, at the Company’s request, to enter into negotiations, in good faith, in order to
amend such provisions in a credit neutral manner so as to reflect equitably such changes with the
desired result that the criteria for evaluating the Company’s and its Subsidiaries’ financial
condition shall be the same after such changes as if such changes had not been made; provided,
however, until such provisions are amended in a manner reasonably satisfactory to the
Administrative Agent and the Required Lenders, no Accounting Change shall be given effect in such
calculations and all financial statements and reports required to be delivered hereunder shall be
prepared in accordance with Agreement Accounting Principles without taking into account such
Accounting Changes. In the event such amendment is entered into, all references in this Agreement
to Agreement Accounting Principles shall mean generally accepted accounting principles as of the
date of such amendment. Notwithstanding any other provision contained herein, all terms of an
accounting or financial nature used herein shall be
construed, and all computations of amounts and ratios referred to herein shall be made,
without giving effect to any election under Accounting Standards Codification 825-10-25 (previously
referred to as Statement of Financial Accounting Standards 159) (or any other Accounting Standards
Codification or Financial Accounting Standard having a similar result or effect) to value any
Indebtedness or other liabilities of the Company or any of its Subsidiaries at “fair value”, as
defined therein.

 

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11.10. Severability of Provisions. Any provision in any Loan Document that is held to be
inoperative, unenforceable, or invalid in any jurisdiction shall, as to that jurisdiction, be
inoperative, unenforceable, or invalid without affecting the remaining provisions in that
jurisdiction or the operation, enforceability, or validity of that provision in any other
jurisdiction, and to this end the provisions of all Loan Documents are declared to be severable.

11.11. Nonliability of Lenders. The relationship between the Borrowers and the Lenders and
the Administrative Agent shall be solely that of borrower and lender. Neither the Administrative
Agent nor any Lender shall have any fiduciary responsibilities to the Borrowers. Neither the
Administrative Agent nor any Lender undertakes any responsibility to any Borrower to review or
inform any Borrower of any matter in connection with any phase of the Borrowers’ business or
operations.

11.12. GOVERNING LAW. THE ADMINISTRATIVE AGENT ACCEPTS THIS AGREEMENT, ON BEHALF OF ITSELF
AND THE LENDERS, AT CHICAGO, ILLINOIS BY ACKNOWLEDGING AND AGREEING TO IT THERE. ANY DISPUTE
BETWEEN ANY BORROWER AND THE ADMINISTRATIVE AGENT, ANY LENDER ARISING OUT OF, CONNECTED WITH,
RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED BETWEEN THEM IN CONNECTION WITH, THIS
AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS, AND WHETHER ARISING IN CONTRACT, TORT, EQUITY, OR
OTHERWISE, SHALL BE RESOLVED IN ACCORDANCE WITH THE INTERNAL LAWS (INCLUDING §735 ILCS 105/5-1 ET
SEQ. BUT OTHERWISE WITHOUT REGARD TO THE CONFLICTS OF LAWS PROVISIONS) OF THE STATE OF ILLINOIS.

11.13. CONSENT TO JURISDICTION; SERVICE OF PROCESS; JURY TRIAL.

(A) EXCLUSIVE JURISDICTION. EXCEPT AS PROVIDED IN CLAUSE (B), EACH OF THE PARTIES
HERETO AGREES THAT ALL DISPUTES AMONG THEM ARISING OUT OF, CONNECTED WITH, RELATED TO, OR
INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH, THIS AGREEMENT OR
ANY OF THE OTHER LOAN DOCUMENTS WHETHER ARISING IN CONTRACT, TORT, EQUITY, OR OTHERWISE,
SHALL BE RESOLVED EXCLUSIVELY BY STATE OR FEDERAL COURTS LOCATED IN CHICAGO, ILLINOIS, BUT
THE PARTIES HERETO ACKNOWLEDGE THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD BY A
COURT LOCATED OUTSIDE OF CHICAGO, ILLINOIS. EACH OF THE PARTIES HERETO WAIVES IN ALL
DISPUTES BROUGHT PURSUANT TO THIS CLAUSE (A) ANY
OBJECTION THAT IT MAY HAVE TO THE LOCATION OF THE COURT CONSIDERING THE DISPUTE.

 

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(B) OTHER JURISDICTIONS. EACH BORROWER AGREES THAT THE ADMINISTRATIVE AGENT AND ANY
LENDER SHALL HAVE THE RIGHT TO PROCEED AGAINST EACH BORROWER OR ITS RESPECTIVE PROPERTY IN A
COURT IN ANY LOCATION TO ENABLE SUCH PERSON TO (1) OBTAIN PERSONAL JURISDICTION OVER ANY
BORROWER OR (2) IN ORDER TO ENFORCE A JUDGMENT OR OTHER COURT ORDER ENTERED IN FAVOR OF SUCH
PERSON. EACH BORROWER AGREES THAT IT WILL NOT ASSERT ANY PERMISSIVE COUNTERCLAIMS IN ANY
PROCEEDING BROUGHT BY SUCH PERSON TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF
SUCH PERSON. EACH BORROWER WAIVES ANY OBJECTION THAT IT MAY HAVE TO THE LOCATION OF THE
COURT IN WHICH SUCH PERSON HAS COMMENCED A PROCEEDING DESCRIBED IN THIS CLAUSE (B).

(C) VENUE. EACH BORROWER IRREVOCABLY WAIVES ANY OBJECTION (INCLUDING, WITHOUT
LIMITATION, ANY OBJECTION OF THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON
CONVENIENS) WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY SUCH ACTION OR
PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT
EXECUTED OR DELIVERED IN CONNECTION HEREWITH IN ANY JURISDICTION SET FORTH ABOVE.

(D) SERVICE OF PROCESS. EACH BORROWER IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN
THE MANNER PROVIDED FOR NOTICES IN ARTICLE XV, AND THE COMPANY AND EACH BORROWER OR
GUARANTOR LOCATED OR ORGANIZED OUTSIDE OF THE STATE OF ILLINOIS HEREBY IRREVOCABLY APPOINTS
THE COMPANY AT THE ADDRESS PROVIDED IN SECTION 15.1, AS ITS AGENT FOR SERVICE OF PROCESS OUT
OF ANY OF THE COURTS REFERRED TO IN PARAGRAPHS (A) AND (B) ABOVE AND THE COMPANY HEREBY
ACCEPTS SUCH APPOINTMENT. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY TO
THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW.

(E) WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ANY RIGHT TO
HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT, OR
OTHERWISE, ARISING OUT OF, CONNECTED WITH, RELATED TO OR INCIDENTAL TO THE RELATIONSHIP
ESTABLISHED AMONG THEM IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER INSTRUMENT, DOCUMENT
OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH. EACH OF THE PARTIES HERETO
AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED
BY COURT TRIAL WITHOUT A JURY AND THAT ANY PARTY
HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS AGREEMENT WITH ANY COURT AS
WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL
BY JURY.

 

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(F) ADVICE OF COUNSEL. EACH OF THE PARTIES REPRESENTS TO EACH OTHER PARTY HERETO THAT
IT HAS DISCUSSED THIS AGREEMENT AND, SPECIFICALLY, THE PROVISIONS OF SECTION 11.7 AND THIS
SECTION 11.13, WITH ITS COUNSEL.

11.14. Other Transactions. Each of the Administrative Agent, the Arrangers, the Lenders, the
Swing Line Bank, the Issuing Banks and the Borrowers acknowledge that the Lenders (or Affiliates of
the Lenders) may, from time to time, effect transactions for their own accounts or the accounts of
customers, and hold positions in loans or options on loans of the Company, the Company’s
Subsidiaries and other companies that may be the subject of this credit arrangement and nothing in
this Agreement shall impair the right of any such Person to enter into any such transaction (to the
extent it is not expressly prohibited by the terms of this Agreement) or give any other Person any
claim or right of action hereunder as a result of the existence of the credit arrangements
hereunder, all of which are hereby waived. In addition, certain Affiliates of one or more of the
Lenders are or may be securities firms and as such may effect, from time to time, transactions for
their own accounts or for the accounts of customers and hold positions in securities or options on
securities of the Company, the Company’s Subsidiaries and other companies that may be the subject
of this credit arrangement and nothing in this Agreement shall impair the right of any such Person
to enter into any such transaction (to the extent it is not expressly prohibited by the terms of
this Agreement) or give any other Person any claim or right of action hereunder as a result of the
existence of the credit arrangements hereunder, all of which are hereby waived. Each of the
Administrative Agent, the Arrangers, the Lenders, the Swing Line Bank, the Issuing Banks and the
Borrowers acknowledges and consents to these multiple roles, and further acknowledges that the fact
that any such unit or Affiliate is providing another service or product or proposal therefor to the
Company or any of its Subsidiaries does not mean that such service, product, or proposal is or will
be acceptable to any of the Administrative Agent, the Arrangers, the Lenders, the Swing Line Bank
or the Issuing Banks.

11.15. Subordination of Intercompany Indebtedness. Each Borrower agrees that any and all
claims of such Borrower against a Guarantor with respect to any “Intercompany Indebtedness” (as
hereinafter defined) shall be subordinate and subject in right of payment to the prior payment, in
full and in cash, of all Obligations and Hedging Obligations under Hedging Arrangements entered
into with the Lenders or any of their Affiliates (“Designated Hedging Agreements”); provided that,
and not in contravention of the foregoing, so long as no Default has occurred and is continuing
each Borrower may make loans to and receive payments in the ordinary course with respect to such
Intercompany Indebtedness from each such Guarantor to the extent not prohibited by the terms of
this Agreement and the other Loan Documents. Notwithstanding any right of any Borrower to ask,
demand, sue for, take or receive any payment from any Guarantor, all rights, liens and security
interests of any Borrower, whether now or hereafter arising and howsoever existing, in any assets
of any Guarantor shall be and are subordinated to the rights of the holders of the Obligations and
the Administrative Agent in those assets. No Borrower shall have any right to

 

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possession of any
such asset or to foreclose upon
any such asset, whether by judicial action or otherwise, unless and until all of the
Obligations (other than contingent indemnity obligations) and the Hedging Obligations under
Designated Hedging Agreements shall have been fully paid and satisfied (in cash) and all financing
arrangements pursuant to any Loan Document or Designated Hedging Agreement have been terminated.
If all or any part of the assets of any Guarantor, or the proceeds thereof, are subject to any
distribution, division or application to the creditors of such Guarantor, whether partial or
complete, voluntary or involuntary, and whether by reason of liquidation, bankruptcy, arrangement,
receivership, assignment for the benefit of creditors or any other action or proceeding, or if the
business of any such Guarantor is dissolved or if substantially all of the assets of any such
Guarantor are sold, then, and in any such event (such events being herein referred to as an
“Insolvency Event”), any payment or distribution of any kind or character, either in cash,
securities or other property, which shall be payable or deliverable upon or with respect to any
indebtedness of any Guarantor to any Borrower (“Intercompany Indebtedness”) shall be paid or
delivered directly to the Administrative Agent for application on any of the Obligations and
Hedging Obligations under Designated Hedging Agreements, due or to become due, until such
Obligations and Hedging Obligations (other than contingent indemnity obligations) shall have first
been fully paid and satisfied (in cash). Should any payment, distribution, security or instrument
or proceeds thereof be received by any Borrower upon or with respect to the Intercompany
Indebtedness after an Insolvency Event prior to the satisfaction of all of the Obligations (other
than contingent indemnity obligations) and Hedging Obligations under Designated Hedging Agreements
and the termination of all financing arrangements pursuant to any Loan Document and or Designated
Hedging Agreements, such Borrower shall receive and hold the same in trust, as trustee, for the
benefit of the holders of the Obligations and such Hedging Obligations and shall forthwith deliver
the same to the Administrative Agent, for the benefit of such Persons, in precisely the form
received (except for the endorsement or assignment of such Borrower where necessary), for
application to any of the Obligations and such Hedging Obligations, due or not due, and, until so
delivered, the same shall be held in trust by such Borrower as the property of the holders of the
Obligations and such Hedging Obligations. If any Borrower fails to make any such endorsement or
assignment to the Administrative Agent, the Administrative Agent or any of its officers or
employees are irrevocably authorized to make the same. Each Borrower agrees that until the
Obligations (other than the contingent indemnity obligations) and such Hedging Obligations have
been paid in full (in cash) and satisfied and all financing arrangements pursuant to any Loan
Document or any Designated Hedging Agreement have been terminated, no Borrower will assign or
transfer to any Person (other than the Administrative Agent) any claim such Borrower has or may
have against any Guarantor.

11.16. Lenders Not Utilizing Plan Assets. None of the consideration used by any of the
Lenders or Designated Lenders to make its Loans constitutes for any purpose of ERISA or Section
4975 of the Code assets of any “plan” as defined in Section 3(3) of ERISA or Section 4975 of the
Code and the rights and interests of each of the Lenders and Designated Lenders in and under the
Loan Documents shall not constitute such “plan assets” under ERISA.

11.17. Collateral. Each of the Lenders and the Issuing Banks represents to the Administrative
Agent, each of the other Lenders and each of the other Issuing Banks that it in good faith is not
relying upon any “margin stock” (as defined in Regulation U) as collateral in the extension or
maintenance of the credit provided for in this Agreement.

 

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11.18. USA PATRIOT Act, Bank Secrecy Act and Office of Foreign Assets Control. Each Lender
that is subject to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed
into law October 26, 2001)) (the “Act”) hereby notifies each Borrower that pursuant to the
requirements of the Act, it is required to obtain, verify and record information that identifies
each Borrower, which information includes the name and address of each Borrower and other
information that will allow such Lender to identify each Borrower in accordance with the Act. In
addition, and without limiting the foregoing sentence, each Borrower shall (a) ensure, and cause
each Subsidiary, if applicable, to ensure, that no Person who owns a controlling interest in or
otherwise controls such Borrower or any Subsidiary is or shall be listed in the Specially
Designated Nationals and Blocked Person List or other similar lists maintained by the Office of
Foreign Assets Control (“OFAC”), the Department of the Treasury or included in any Executive
Orders, (b) not use or permit the use of the proceeds of the Loans to violate any of the foreign
asset control regulations of OFAC or any enabling statute or Executive Order relating thereto, and
(c) comply, and cause each Subsidiary, if applicable, to comply, with all applicable Bank Secrecy
Act (“BSA”) laws and regulations, as amended.

ARTICLE XII: THE ADMINISTRATIVE AGENT

12.1. Appointment; Nature of Relationship. JPMorgan is appointed by the Lenders as the
Administrative Agent hereunder and under each other Loan Document, and each of the Lenders
irrevocably authorizes the Administrative Agent to act as the contractual representative of such
Lender with the rights and duties expressly set forth herein and in the other Loan Documents. The
Administrative Agent agrees to act as such contractual representative upon the express conditions
contained in this Article XII. In its capacity as the Lenders’ contractual representative, the
Administrative Agent is acting as an independent contractor, the rights and duties of which are
limited to those expressly set forth in this Agreement and the other Loan Documents. Each of the
Lenders agrees to assert no claim against the Administrative Agent on any agency theory or any
other theory of liability for breach of fiduciary duty.

12.2. Powers. The Administrative Agent shall have and may exercise such powers under the Loan
Documents as are specifically delegated to the Administrative Agent by the terms of each thereof,
together with such powers as are reasonably incidental thereto. The Administrative Agent shall
have no implied duties or fiduciary duties to the Lenders, or any obligation to the Lenders to take
any action hereunder or under any of the other Loan Documents except any action specifically
provided by the Loan Documents required to be taken by the Administrative Agent.

12.3. General Immunity. Neither the Administrative Agent nor any of its directors, officers,
agents or employees shall be liable to the Borrowers, the Lenders or any Lender for any action
taken or omitted to be taken by it or them hereunder or under any other Loan Document or in
connection herewith or therewith except to the extent such action or inaction is found in a final
judgment by a court of competent jurisdiction to have arisen solely from the Gross Negligence or
willful misconduct of such Person.

 

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12.4. No Responsibility for Credit Extensions, Creditworthiness, Recitals, Etc. Neither the
Administrative Agent nor any of its directors, officers, agents or employees shall be
responsible for or have any duty to ascertain, inquire into, or verify (i) any statement,
warranty or representation made in connection with any Loan Document or any credit extension
hereunder; (ii) the performance or observance of any of the covenants or agreements of any obligor
under any Loan Document; (iii) the satisfaction of any condition specified in Article V, except
receipt of items required to be delivered solely to the Administrative Agent; (iv) the existence or
possible existence of any Default or (v) the validity, effectiveness or genuineness of any Loan
Document or any other instrument or writing furnished in connection therewith. The Administrative
Agent shall not be responsible to any Lender for any recitals, statements, representations or
warranties herein or in any of the other Loan Documents or for the execution, effectiveness,
genuineness, validity, legality, enforceability, collectibility, or sufficiency of this Agreement
or any of the other Loan Documents or the transactions contemplated thereby, or for the financial
condition of any guarantor of any or all of the Obligations, the Company or any of its
Subsidiaries.

12.5. Action on Instructions of Lenders. The Administrative Agent shall in all cases be fully
protected in acting, or in refraining from acting, hereunder and under any other Loan Document in
accordance with written instructions signed by the Required Lenders (or all of the Lenders in the
event that and to the extent that this Agreement expressly requires such), and such instructions
and any action taken or failure to act pursuant thereto shall be binding on all of the Lenders and
on all owners of Loans. The Administrative Agent shall be fully justified in failing or refusing
to take any action hereunder and under any other Loan Document unless it shall first be indemnified
to its satisfaction by the Lenders pro rata against any and all liability, cost and expense that it
may incur by reason of taking or continuing to take any such action.

12.6. Employment of Agents and Counsel. The Administrative Agent may execute any of its
duties as the Administrative Agent hereunder and under any other Loan Document by or through
employees, agents, and attorney-in-fact and shall not be answerable to the Lenders, except as to
money or securities received by it or its authorized agent, for the default or misconduct of any
such agent or attorneys-in-fact selected by it with reasonable care. The Administrative Agent
shall be entitled to advice of counsel concerning the contractual arrangement between the
Administrative Agent and the Lenders and all matters pertaining to the Administrative Agent’s
duties hereunder and under any other Loan Document.

12.7. Reliance on Documents; Counsel. The Administrative Agent shall be entitled to rely upon
any notice, consent, certificate, affidavit, letter, telegram, statement, paper or document
believed by it to be genuine and correct and to have been signed or sent by the proper person or
persons, and, in respect to legal matters, upon the opinion of counsel selected by the
Administrative Agent, which counsel may be employees of the Administrative Agent.

12.8. The Administrative Agent’s Reimbursement and Indemnification. The Lenders agree to
reimburse and indemnify, in accordance with their Pro Rata Shares, the Administrative Agent (in its
capacity as such) (i) for any amounts not reimbursed by any Borrower for which the Administrative
Agent is entitled to reimbursement by any Borrower under the Loan Documents, but without affecting
the Company’s or any Borrower’s reimbursement obligations hereunder, (ii) for any other expenses
incurred by the Administrative Agent in connection with the preparation, execution, delivery,
administration and enforcement of the Loan Documents and (iii) for any liabilities, obligations,
losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind and nature whatsoever which may
be imposed on, incurred by or asserted against the Administrative Agent in any way relating to or
arising out of the Loan Documents or any other document delivered in connection therewith or the
transactions contemplated thereby, or the enforcement of any of the terms thereof or of any such
other documents, provided that no Lender shall be liable for any of the foregoing to the extent any
of the foregoing is found in a final non-appealable judgment by a court of competent jurisdiction
to have arisen solely from the Gross Negligence or willful misconduct of the Administrative Agent.

 

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12.9. Rights as a Lender. With respect to its Commitment, Loans made by it, and Letters of
Credit issued by it, the Administrative Agent shall have the same rights and powers hereunder and
under any other Loan Document as any Lender or Issuing Bank and may exercise the same as though it
were not the Administrative Agent, and the term “Lender” or “Lenders”, “Issuing Bank” or “Issuing
Banks” shall, unless the context otherwise indicates, include the Administrative Agent in its
individual capacity. The Administrative Agent may accept deposits from, lend money to, and
generally engage in any kind of trust, debt, equity or other transaction, in addition to those
contemplated by this Agreement or any other Loan Document, with the Company or any of its
Subsidiaries in which such Person is not prohibited hereby from engaging with any other Person.

12.10. Lender Credit Decision. Each Lender acknowledges that it has, independently and
without reliance upon the Administrative Agent, either Arranger or any other Lender and based on
the financial statements prepared by the Company and such other documents and information as it has
deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the
other Loan Documents. Each Lender also acknowledges that it will, independently and without
reliance upon the Administrative Agent, either Arranger or any other Lender and based on such
documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in taking or not taking action under this Agreement and the other Loan Documents.

12.11. Successor Administrative Agent. The Administrative Agent may resign at any time by
giving written notice thereof to the Lenders and the Company. Upon any such resignation, the
Required Lenders shall have the right to appoint, on behalf of the Borrowers and the Lenders, a
successor Administrative Agent. If no successor Administrative Agent shall have been so appointed
by the Required Lenders and shall have accepted such appointment within thirty days after the
retiring Administrative Agent’s giving notice of resignation, then the retiring Administrative
Agent may appoint, on behalf of the Borrowers and the Lenders, a successor Administrative Agent.
Notwithstanding anything herein to the contrary, so long as no Default has occurred and is
continuing, each such successor Administrative Agent shall be subject to approval by the Company,
which approval shall not be unreasonably withheld or delayed. Such successor Administrative Agent
shall be a commercial bank having capital and retained earnings of at least $500,000,000. Upon the
acceptance of any appointment as the Administrative Agent hereunder by a successor Administrative
Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all
the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring
Administrative Agent shall be discharged from its duties and obligations hereunder and under the
other Loan Documents. After any retiring Administrative Agent’s resignation hereunder as
Administrative Agent, the provisions of this
Article XII shall continue in effect for its benefit in respect of any actions taken or
omitted to be taken by it while it was acting as the Administrative Agent hereunder and under the
other Loan Documents.

 

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12.12. Documentation Agents, Syndication Agent and Arrangers. Neither the Documentation
Agents, the Syndication Agent nor the Arrangers shall have any right, power, obligation, liability,
responsibility or duty under this Agreement other than, except for the Arrangers, those applicable
to all Lenders as such. Without limiting the foregoing, none of such Lenders shall have or be
deemed to have a fiduciary relationship with any Lender. Each Lender hereby makes the same
acknowledgments with respect to such Lenders as it makes with respect to the Administrative Agent
in Section 12.10.

ARTICLE XIII: SETOFF; RATABLE PAYMENTS

13.1. Setoff. In addition to, and without limitation of, any rights of the Lenders under
applicable law, if any Default occurs and is continuing, any Indebtedness from any Lender to the
Company or any other Borrower (including all account balances, whether provisional or final and
whether or not collected or available) may be offset and applied toward the payment of the
Obligations owing to such Lender, whether or not the Obligations, or any part hereof, shall then be
due.

13.2. Ratable Payments. If any Lender, whether by setoff or otherwise, has payment made to it
upon its Obligations (other than payments received pursuant to Sections 4.1, 4.2 or 4.4) in a
greater proportion than that received by any other Lender, such Lender agrees, promptly upon
demand, to purchase a portion of the Obligations held by the other Lenders so that after such
purchase each Lender will hold its ratable proportion of Loans. In case any such payment is
disturbed by legal process, or otherwise, appropriate further adjustments shall be made.

13.3. Application of Payments. The Administrative Agent shall, unless otherwise specified at
the direction of the Required Lenders which direction shall be consistent with the last two
sentences of this Section 13.3, apply all payments and prepayments in respect of any Obligations in
the following order:

(i) first, to pay interest on and then principal of any portion of the Loans which
the Administrative Agent may have advanced on behalf of any Lender for which the
Administrative Agent has not then been reimbursed by such Lender or the applicable
Borrower;

(ii) second, to pay interest on and then principal of any advance made under
Section 11.3 for which the Administrative Agent has not then been paid by the applicable
Borrower or reimbursed by the Lenders;

(iii) third, to the ratable payment of the Obligations in respect of any fees,
expenses, reimbursements or indemnities then due to the Administrative Agent or either
Arranger;

 

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(iv) fourth, to pay Obligations in respect of any fees, expenses, reimbursements or
indemnities then due to the Lenders and the issuer(s) of Letters of Credit;

(v) fifth, to pay interest due in respect of Swing Line Loans;

(vi) sixth, to pay interest due in respect of Loans (other than Swing Line Loans)
and L/C Obligations;

(vii) seventh, to the ratable payment or prepayment of principal outstanding on
Swing Line Loans;

(viii) eighth, to the ratable payment or prepayment of principal outstanding on
Loans (other than Swing Line Loans) and Reimbursement Obligations;

(ix) ninth, to provide cash collateral for all other L/C Obligations; and

(x) tenth, to the ratable payment of all other Obligations.

Unless otherwise designated (which designation shall only be applicable prior to the occurrence of
a Default) by the Company, all principal payments in respect of Loans (other than Swing Line Loans)
shall be applied first, to repay outstanding Floating Rate Loans, and then to repay outstanding
Eurodollar Rate Loans with those Eurodollar Rate Loans which have earlier expiring Interest Periods
being repaid prior to those which have later expiring Interest Periods. The order of priority set
forth in this Section 13.3 and the related provisions of this Agreement are set forth solely to
determine the rights and priorities of the Administrative Agent, the Lenders, the Swing Line Bank
and the issuer(s) of Letters of Credit as among themselves. The order of priority set forth in
clauses (iv) through (x) of this Section 13.3 may at any time and from time to time be changed by
the Required Lenders without necessity of notice to or consent of or approval by any Borrower, or
any other Person; provided, that the order of priority of payments in respect of Swing Line Loans
may be changed only with the prior written consent of the Swing Line Bank and the order of priority
of payments in respect of L/C Obligations or other amounts owed to an Issuing Bank may be changed
only with the prior written consent of each Issuing Bank. The order of priority set forth in
clauses (i) through (iii) of this Section 13.3 may be changed only with the prior written consent
of the Administrative Agent, and, in the case of clause (iii), with the prior written consent of
each Arranger.

13.4. Relations Among Lenders.

(A) No Action Without Consent. Except with respect to the exercise of set-off rights
of any Lender in accordance with Section 12.1, the proceeds of which are applied in
accordance with this Agreement, and each Lender agrees that it will not take any action, nor
institute any actions or proceedings, against the Borrowers or any other obligor hereunder
or with respect to any Loan Document, without the prior written consent of the Required
Lenders or, as may be provided in this Agreement or the other Loan Documents, at the
direction of the Administrative Agent.

 

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(B) Not Partners; No Liability. The Lenders are not partners or co-venturers, and no
Lender shall be liable for the acts or omissions of, or (except as otherwise set forth
herein in case of the Administrative Agent) authorized to act for, any other Lender. The
Administrative Agent shall have the exclusive right on behalf of the Lenders to enforce the
payment of the principal of and interest on any Loan after the date such principal or
interest has become due and payable pursuant to the terms of this Agreement.

13.5. Failure to Make Payment. If and so long as any Lender shall fail to make any payment
required to be made by it pursuant to Section 2.2(D), 2.17, 3.6,
3.7, 12.8 or 13.2, then the Administrative Agent may, in its discretion and
notwithstanding any contrary provision hereof, (i) apply any amounts thereafter received by the
Administrative Agent for the account of such Lender for the benefit of the Administrative Agent,
the Swing Line Bank or any Issuing Bank to satisfy such Lender’s obligations to it under such
Section until all such unsatisfied obligations are fully paid, and/or (ii) hold any such amounts in
a segregated account as cash collateral for, and application to, any future funding obligations of
such Lender under any such Section (such amounts so held to be returned to such Lender upon its
payment of the aforementioned previously unpaid amounts); in the case of each of clauses (i) and
(ii) above, in any order as determined by the Administrative Agent in its discretion.

ARTICLE XIV: BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS

14.1. Successors and Assigns. The terms and provisions of the Loan Documents shall be binding
upon and inure to the benefit of the Borrowers and the Lenders and their respective successors and
assigns, except that (A) other than in connection with a transaction involving a Subsidiary
Borrower which is permitted pursuant to the terms of this Agreement, no Borrower shall have any
right to assign its rights or obligations under the Loan Documents without the consent of all of
the Lenders, and any such assignment in violation of this Section 14.1(A) shall be null and void,
and (B) any assignment by any Lender must be made in compliance with Section 14.3 hereof. The
parties to this Agreement acknowledge that clause (B) of this Section 14.1 relates only to absolute
assignments and does not prohibit assignments creating security interests, including, without
limitation, (x) any pledge or assignment by any Lender of all or any portion of its rights under
this Agreement and any Note to a Federal Reserve Bank or (y) in the case of a Lender which is a
fund, any pledge or assignment of all or any portion of its rights under this Agreement and any
Note to its trustee in support of its obligations to its trustee; provided, however, that no such
pledge or assignment creating a security interest shall release the transferor Lender from its
obligations hereunder unless and until the parties thereto have complied with the provisions of
Section 14.3. The Administrative Agent may treat each Lender as the owner of the Loans made by
such Lender hereunder for all purposes hereof unless and until such Lender complies with Section
14.3 hereof in the case of an assignment thereof or, in the case of any other transfer, a written
notice of the transfer is filed with the Administrative Agent. Any assignee or transferee of a
Loan, Commitment, L/C Interest or any other interest of a Lender under the Loan Documents agrees by
acceptance thereof to be bound by all the terms and provisions of the Loan Documents. Any request,
authority or consent of any Person, who at the time of making such request or giving such authority
or consent is the owner of any Loan, shall be conclusive and binding on any subsequent owner,
transferee or assignee of such Loan.

 

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14.2. Participations.

(A) Permitted Participants; Effect. Subject to the terms set forth in this Section
14.2, any Lender may, in the ordinary course of its business and in accordance with
applicable law, at any time sell to one or more banks (“Participants”) participating
interests in any Loan owing to such Lender, the Commitment of such Lender, any L/C Interest
of such Lender or any other interest of such Lender under the Loan Documents on a pro rata
or non-pro rata basis. Such participation shall not be considered an assignment under
Section 14.3 of this Agreement and such Participant shall not be considered a Lender. In
the event of any such sale by a Lender of participating interests to a Participant, such
Lender’s obligations under the Loan Documents shall remain unchanged, such Lender shall
remain solely responsible to the other parties hereto for the performance of such
obligations, such Lender shall remain the owner of all Loans made by it for all purposes
under the Loan Documents, all amounts payable by the applicable Borrower under this
Agreement shall be determined as if such Lender had not sold such participating interests,
and the applicable Borrower and the Administrative Agent shall continue to deal solely and
directly with such Lender in connection with such Lender’s rights and obligations under the
Loan Documents except that, for purposes of Article IV hereof, the Participants shall be
entitled to the same rights as if they were Lenders.

(B) Voting Rights. Each Lender shall retain the sole right to approve, without the
consent of any Participant, any amendment, modification or waiver of any provision of the
Loan Documents other than any amendment, modification or waiver which, if the Participant
were a Lender hereunder, would require the consent of such Participant pursuant to the terms
of Section 9.2 or 14.1(A).

(C) Benefit of Setoff. The Borrowers agree that each Participant shall be deemed to
have the right of setoff provided in Section 13.1 hereof in respect to its participating
interest in amounts owing under the Loan Documents to the same extent as if the amount of
its participating interest were owing directly to it as a Lender under the Loan Documents,
provided that each Lender shall retain the right of setoff provided in Section 13.1 hereof
with respect to the amount of participating interests sold to each Participant except to the
extent such Participant exercises its right of setoff. The Lenders agree to share with each
Participant, and each Participant, by exercising the right of setoff provided in Section
13.1 hereof, agrees to share with each Lender, any amount received pursuant to the exercise
of its right of setoff, such amounts to be shared in accordance with Section 13.2 as if each
Participant were a Lender.

14.3. Assignments.

(A) Permitted Assignments. Any Lender (each such assigning Lender under this Section
14.3 being a “Seller”) may, in accordance with applicable law, at any time assign to one or
more banks or other entities that are Eligible Assignees (“Purchasers”) all or a portion of
its rights and obligations under this Agreement (including, without limitation, its
Commitment, Loans owing to it, its participation interests in existing Letters of Credit and
Swing Line Loans, and its obligation to participate in additional Letters of Credit and
Swing Line Loans) in accordance with the provisions of this

 

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Section 14.3. Each assignment shall be of a constant, and not a varying, ratable percentage of
all of the Seller’s rights and obligations under this Agreement. Such assignment shall be
substantially in the form of Exhibit D hereto and shall not be permitted hereunder unless
such assignment is either for all of such Seller’s rights and obligations under the Loan
Documents or, without the prior written consent of the Administrative Agent, involves loans
and commitments in an aggregate amount of at least Five Million and 00/100 Dollars
($5,000,000) (which minimum amount shall not apply to any assignment between Lenders, or to
an Affiliate of any Lender). The written consent of the Funded Issuing Banks and the
Company (which consent, in each such case, shall not be unreasonably withheld or delayed),
shall be required prior to an assignment becoming effective with respect to a Purchaser
which is not a Lender or an Affiliate of such assigning Lender; provided that no such
consent of the Company shall be required to the extent a Default has occurred and is then
continuing or if such assignment is in connection with the physical settlement of one or
more credit derivative transactions. The written consent of the Administrative Agent (which
consent shall not be unreasonably withheld or delayed) shall be required prior to each
assignment becoming effective. Notwithstanding anything to the contrary set forth herein,
with respect to any assignment to a Purchaser which is not an existing Lender, the amount
thereof shall always be at least the equivalent in Dollars of € 50,000.

(B) Effect; Effective Date. Upon (i) delivery to the Administrative Agent of a notice
of assignment, substantially in the form attached as Appendix I to Exhibit D hereto (a
“Notice of Assignment”), together with any consent required by Section 14.3(A) hereof, (ii)
payment of a Four Thousand and 00/100 Dollar ($4,000) fee by the assignor to the
Administrative Agent for processing such assignment, which fee shall not apply to any
assignment from a Lender to an Affiliate of such Lender, and (iii) the completion of the
recording requirements in Section 14.3(C), such assignment shall become effective on the
later of such date when the requirements in clauses (i), (ii), and (iii) are met or the
effective date specified in such Notice of Assignment. The Notice of Assignment shall
contain a representation by the Purchaser to the effect that none of the consideration used
to make the purchase of the Commitment, Loans and L/C Obligations under the applicable
assignment agreement are “plan assets” as defined under ERISA and that the rights and
interests of the Purchaser in and under the Loan Documents will not be “plan assets” under
ERISA. On and after the effective date of such assignment, such Purchaser, if not already a
Lender, shall for all purposes be a Lender party to this Agreement and any other Loan
Documents executed by the Lenders and shall have all the rights and obligations of a Lender
under the Loan Documents, to the same extent as if it were an original party hereto, and no
further consent or action by any Borrower, the Lenders or the Administrative Agent shall be
required to release the Seller with respect to the percentage of the Aggregate Commitment,
Loans and Letter of Credit and Swing Line Loan participations assigned to such Purchaser.
Upon the consummation of any assignment to a Purchaser pursuant to this Section 14.3(B), the
Seller, the Administrative Agent and the Borrowers shall make appropriate arrangements so
that, to the extent notes have been issued to evidence any of the transferred Loans,
replacement notes are issued to such Seller and new notes or, as appropriate, replacement
notes, are issued to such Purchaser, in each case in principal amounts reflecting their
Commitments, as adjusted pursuant to such assignment. Notwithstanding anything to the
contrary herein, no
Borrower shall, at any time, be obligated to pay under Section 2.14(E) to any Lender
that is a Purchaser, assignee or transferee any sum in excess of the sum which such Borrower
would have been obligated to pay in respect of such transferred Loan to the Lender that was
the Seller, assignor or transferor had such assignment or transfer not been effected.

 

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(C) The Register. Notwithstanding anything to the contrary in this Agreement, each
Borrower hereby designates the Administrative Agent, and the Administrative Agent, hereby
accepts such designation, to serve as such Borrower’s contractual representative solely for
purposes of this Section 14.3(C). In this connection, the Administrative Agent shall
maintain at its address referred to in Section 15.1 a copy of each assignment delivered to
and accepted by it pursuant to this Section 14.3 and a register (the “Register”) for the
recordation of the names and addresses of the Lenders and the Commitment of, principal
amount of and interest on the Loans owing to, each Lender from time to time and whether such
Lender is an original Lender or the assignee of another Lender pursuant to an assignment
under this Section 14.3. The entries in the Register shall be conclusive and binding for
all purposes, absent manifest error, and the Company and each of its Subsidiaries, the
Administrative Agent and the Lenders may treat each Person whose name is recorded in the
Register as a Lender hereunder for all purposes of this Agreement. The Register shall be
available for inspection by any Borrower or any Lender at any reasonable time and from time
to time upon reasonable prior notice.

(D) Designated Lender.

(i) Subject to the terms and conditions set forth in this Section 14.3(D), any
Lender may from time to time elect to designate an Eligible Designee to provide all or
any part of the Loans to be made by such Lender pursuant to this Agreement; provided
that the designation of an Eligible Designee by any Lender for purposes of this Section
14.3(D) shall be subject to the approval of the Administrative Agent (which consent
shall not be unreasonably withheld or delayed). Upon the execution by the parties to
each such designation of an agreement in the form of Exhibit K hereto (a “Designation
Agreement”) and the acceptance thereof by the Administrative Agent, the Eligible
Designee shall become a Designated Lender for purposes of this Agreement. The
Designating Lender shall thereafter have the right to permit the Designated Lender to
provide all or a portion of the Loans to be made by the Designating Lender pursuant to
the terms of this Agreement and the making of the Loans or portion thereof shall satisfy
the obligations of the Designating Lender to the same extent, and as if, such Loan was
made by the Designating Lender. As to any Loan made by it, each Designated Lender shall
have all the rights a Lender making such Loan would have under this Agreement and
otherwise; provided, (x) that all voting rights under this Agreement shall be exercised
solely by the Designating Lender, (y) each Designating Lender shall remain solely
responsible to the other parties hereto for its obligations under this Agreement,
including the obligations of a Lender in respect of Loans made by its Designated Lender
and (z) no Designated Lender shall be entitled to reimbursement under Article IV hereof
for any amount which would exceed the amount that would have been payable by the
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Lender obtained any interests
hereunder. No additional Notes shall be required with respect to Loans provided by a Designated
Lender; provided, however, to the extent any Designated Lender shall advance funds, the
Designating Lender shall be deemed to hold the Notes in its possession as an agent for
such Designated Lender to the extent of the Loan funded by such Designated Lender. Such
Designating Lender shall act as administrative agent for its Designated Lender and give
and receive notices and communications hereunder. Any payments for the account of any
Designated Lender shall be paid to its Designating Lender as administrative agent for
such Designated Lender and neither the Borrowers nor the Administrative Agent shall be
responsible for any Designating Lender’s application of such payments. In addition, any
Designated Lender may (1) with notice to, but without the consent of the Borrowers or
the Administrative Agent, assign all or portions of its interests in any Loans to its
Designating Lender or to any financial institution consented to by the Administrative
Agent providing liquidity and/or credit facilities to or for the account of such
Designated Lender and (2) subject to advising any such Person that such information is
to be treated as confidential in accordance with such Person’s customary practices for
dealing with confidential, non-public information, disclose on a confidential basis any
non-public information relating to its Loans to any rating agency, commercial paper
dealer or provider of any guarantee, surety or credit or liquidity enhancement to such
Designated Lender.

(ii) Each party to this Agreement hereby agrees that it shall not institute
against, or join any other Person in instituting against any Designated Lender any
bankruptcy, reorganization, arrangements, insolvency or liquidation proceeding or other
proceedings under any federal or state bankruptcy or similar law for one year and a day
after the payment in full of all outstanding senior indebtedness of any Designated
Lender; provided that the Designating Lender for each Designated Lender hereby agrees to
indemnify, save and hold harmless each other party hereto for any loss, cost, damage and
expense arising out of their inability to institute any such proceeding against such
Designated Lender. This Section 14.3(D)(ii) shall survive the termination of this
Agreement.

14.4. Confidentiality. Subject to Section 14.5, the Administrative Agent and the Lenders and
their respective representatives, consultants and advisors shall hold all nonpublic information
obtained pursuant to the requirements of this Agreement and identified as such by the Company or
any other Borrower in accordance with such Person’s customary procedures for handling confidential
information of this nature and in accordance with safe and sound commercial lending or investment
practices and in any event may make disclosure reasonably required by a prospective Transferee in
connection with the contemplated participation or assignment or as required or requested by any
Governmental Authority or any securities exchange or similar self-regulatory organization or
representative thereof or pursuant to a regulatory examination or legal process, or to any direct
or indirect contractual counterparty in swap agreements or such contractual counterparty’s
professional advisor, and shall (x) use its commercially reasonable efforts to give prior notice of
any such disclosure to the extent permitted by applicable law, and (y) require any such Transferee
to agree (and require any of its Transferees to agree) to comply with this Section 14.4. In no
event shall the Administrative Agent or any Lender be obligated or required to return any materials
furnished by the Company; provided, however, each prospective Transferee shall be required to agree
that if it does not
become a participant or assignee it shall return all materials furnished to it by or on behalf
of the Company in connection with this Agreement.

 

113

 

14.5. Dissemination of Information. Each Borrower authorizes each Lender to disclose to any
Participant or Purchaser or any other Person acquiring an interest in the Loan Documents by
operation of law (each a “Transferee”) and any prospective Transferee any and all information in
such Lender’s possession concerning the Borrowers and its Subsidiaries; provided that prior to any
such disclosure, such prospective Transferee shall agree to preserve in accordance with Section
14.4 the confidentiality of any confidential information described therein.

ARTICLE XV: NOTICES

15.1. Giving Notice. Except as otherwise permitted by Section 2.13 with respect to
Borrowing/Election Notices, all notices and other communications provided to any party hereto under
this Agreement or any other Loan Documents shall be in writing or by telex or by facsimile and
addressed or delivered to such party at its address set forth below its signature hereto or at such
other address as may be designated by such party in a notice to the other parties. Any notice, if
mailed and properly addressed with postage prepaid, shall be deemed given three (3) Business Days
after mailed; any notice, if transmitted by telex or facsimile, shall be deemed given when
transmitted (answerback confirmed in the case of telexes); or any notice, if transmitted by
courier, one (1) Business Day after deposit with a reputable overnight carrier service, with all
charges paid.

15.2. Change of Address. The Borrowers, the Administrative Agent and any Lender may each
change the address for service of notice upon it by a notice in writing to the other parties
hereto.

ARTICLE XVI: EXISTING CREDIT AGREEMENT

16.1. Amendment and Restatement. The Borrowers, the Lenders and the Administrative Agent agree
that, upon (i) the execution and delivery of this Agreement by each of the parties hereto and (ii)
satisfaction (or waiver by the aforementioned parties) of the conditions precedent set forth in
Section 5.1, the terms and provisions of the Existing Credit Agreement shall be and hereby are
amended, superseded and restated in their entirety by the terms and provisions of this Agreement.
This Agreement is not intended to and shall not constitute a novation of the Existing Credit
Agreement or the Indebtedness created thereunder. The commitment of each Lender that is a party to
the Existing Credit Agreement shall, on the effective date hereof, automatically be deemed amended
and the only commitments shall be those hereunder. All loans, letters of credit and other
obligations incurred under the Existing Credit Agreement which are outstanding on the Closing Date
shall continue as Loans, Letters of Credit and other obligations under (and shall be governed by
the terms of) this Agreement and the other Loan Documents. Without limiting the foregoing, upon the
effectiveness hereof: (a) all references in the “Loan Documents” (as defined in the Existing Credit
Agreement) to the “Administrative Agent”, the “Credit Agreement” and the “Loan Documents” shall be
deemed to refer to the Administrative Agent, this Agreement and the Loan Documents, (b) all
obligations

 

114

 

constituting “Obligations” under the Existing Credit Agreement with any Lender or any
Affiliate
of any Lender which are outstanding on the Closing Date shall continue as Obligations under
this Agreement and the other Loan Documents and (c) subject to Section 16.2 below, the
Administrative Agent shall make such reallocations, sales, assignments or other relevant actions in
respect of each Lender’s credit and loan exposure under the Existing Credit Agreement as are
necessary in order that each such Lender’s Credit Exposure hereunder reflects such Lender’s Pro
Rata Share of the Revolving Credit Obligations on the Closing Date and the Borrowers hereby agree
to compensate each Lender (including each Departing Lender) for any and all losses, costs and
expenses incurred by such Lender in connection with the sale and assignment of any Eurodollar Rate
Loans on the terms and in the manner set forth in Section 4.4 hereof.

16.2. Departing Lenders. Each of the Departing Lenders shall be deemed to have assigned its
rights and obligations as a lender under the Existing Credit Agreement to the Lenders party to this
Agreement on the Closing Date, such deemed assignment to become effective without the execution of
an Assignment Agreement, or the consent, Notice of Assignment, assignment fee or recordation
requirements set forth in Sections 14.3(A) or 14.3(B) of the Existing Credit Agreement. On the
Closing Date and after giving effect to such assignment, the “Commitment” of each Departing Lender
under the Existing Credit Agreement shall terminate, no Departing Lender shall be a Lender
hereunder, and the Commitments of the Lenders shall be modified as set forth in Exhibit A-1.
Without limiting the generality of the foregoing and for the avoidance of doubt, all of the loans
of any Departing Lender under the Existing Credit Agreement that remain outstanding on the Closing
Date shall be repaid in full pursuant to the assignment referred to in the immediately preceding
sentence and any accrued and unpaid interest and fees payable to any Departing Lender in respect
thereof shall be paid by the Borrowers as required under Section 5.1(vii).

ARTICLE XVII: COUNTERPARTS

This Agreement may be executed in any number of counterparts, all of which taken together
shall constitute one agreement, and any of the parties hereto may execute this Agreement by signing
any such counterpart. This Agreement shall be effective when it has been executed by the Company,
the Administrative Agent and the Lenders and each party has notified the Administrative Agent by
facsimile or telephone, that it has taken such action; it being understood and agreed that the
initial extensions of credit hereunder shall be subject to the satisfaction of the conditions
precedent set forth in Section 5.1 hereof.

[Remainder of This Page Intentionally Blank]

 

115

 

IN WITNESS WHEREOF, the Borrowers, the Lenders and the Administrative Agent have executed this
Agreement as of the date first above written.

	 	 	 	 	 	 	 
	 	 	CHICAGO BRIDGE & IRON COMPANY N.V., as the Company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	CHICAGO BRIDGE & IRON COMPANY B.V.	 	 
	 

	 	Its:
	 	Managing Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Philip K. Asherman
 

	 	 
	 

	 	 	 	Name: Philip K. Asherman	 	 
	 

	 	 	 	Title:   Managing Director	 	 
	 
	 	 	 	 	 	 
	 	 	Address:

c/o Chicago Bridge & Iron Company (Delaware)

One CB&I Plaza

2103 Research Forest Drive

The Woodlands, TX 77380

Attention: Ronald Ballschmiede, Managing Director &

Chief Financial Officer

Telephone No.: (832) 513-1000

Facsimile No.: (832) 513-1092	 	 

Signature Page to Third amended and Restated Credit Agreement 

 

 

 

	 	 	 	 	 	 	 
	 	 	CB&I INC., as a Subsidiary Borrower	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Luciano Reyes
 

	 	 
	 

	 	 	 	Name: Luciano Reyes	 	 
	 

	 	 	 	Title:   Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	Address:

c/o Chicago Bridge & Iron Company (Delaware)

One CB&I Plaza

2103 Research Forest Drive

The Woodlands, TX 77380

Attention: Ronald Ballschmiede, Managing Director &

Chief Financial Officer

Telephone No.: (832) 513-1000

Facsimile No.: (832) 513-1092	 	 

Signature Page to Third amended and Restated Credit Agreement 

 

 

 

	 	 	 	 	 	 	 
	 	 	CBI SERVICES, INC., as a Subsidiary Borrower	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Terrence G. Browne
 

	 	 
	 

	 	 	 	Name: Terrence G. Browne	 	 
	 

	 	 	 	Title:   Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	Address:

c/o Chicago Bridge & Iron Company (Delaware)

One CB&I Plaza

2103 Research Forest Drive

The Woodlands, TX 77380

Attention: Ronald Ballschmiede, Managing Director &

Chief Financial Officer

Telephone No.: (832) 513-1000

Facsimile No.: (832) 513-1092	 	 

Signature Page to Third amended and Restated Credit Agreement 

 

 

 

	 	 	 	 	 	 	 
	 	 	CHICAGO BRIDGE & IRON COMPANY (DELAWARE), as a
Subsidiary Borrower	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Luciano Reyes
 

	 	 
	 

	 	 	 	Name: Luciano Reyes	 	 
	 

	 	 	 	Title:   Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	Address:

c/o Chicago Bridge & Iron Company (Delaware)

One CB&I Plaza

2103 Research Forest Drive

The Woodlands, TX 77380

Attention: Ronald Ballschmiede, Managing Director &

Chief Financial Officer

Telephone No.: (832) 513-1000

Facsimile No.: (832) 513-1092	 	 

Signature Page to Third amended and Restated Credit Agreement 

 

 

 

	 	 	 	 	 	 	 
	 	 	CB&I TYLER COMPANY, as a Subsidiary Borrower	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Luciano Reyes
 

	 	 
	 

	 	 	 	Name: Luciano Reyes	 	 
	 

	 	 	 	Title:   Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	Address:

c/o Chicago Bridge & Iron Company (Delaware)

One CB&I Plaza

2103 Research Forest Drive

The Woodlands, TX 77380

Attention: Ronald Ballschmiede, Managing Director &

Chief Financial Officer

Telephone No.: (832) 513-1000

Facsimile No.: (832) 513-1092	 	 

Signature Page to Third amended and Restated Credit Agreement 

 

 

 

	 	 	 	 	 	 	 
	 	 	CHICAGO BRIDGE & IRON COMPANY B.V., as a Subsidiary
Borrower	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Philip K. Asherman
 

	 	 
	 

	 	 	 	Name: Philip K. Asherman	 	 
	 

	 	 	 	Title:   Managing Director	 	 
	 
	 	 	 	 	 	 
	 	 	Address:

c/o Chicago Bridge & Iron Company (Delaware)

One CB&I Plaza

2103 Research Forest Drive

The Woodlands, TX 77380

Attention: Ronald Ballschmiede, Managing Director &

Chief Financial Officer

Telephone No.: (832) 513-1000

Facsimile No.: (832) 513-1092	 	 

Signature Page to Third amended and Restated Credit Agreement 

 

 

 

	 	 	 	 	 	 	 
	 	 	CHICAGO BRIDGE & IRON COMPANY, as a Subsidiary
Borrower	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Luciano Reyes
 

	 	 
	 

	 	 	 	Name: Luciano Reyes	 	 
	 

	 	 	 	Title:   Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	Address:

c/o Chicago Bridge & Iron Company (Delaware)

One CB&I Plaza

2103 Research Forest Drive

The Woodlands, TX 77380

Attention: Ronald Ballschmiede, Managing Director &

Chief Financial Officer

Telephone No.: (832) 513-1000

Facsimile No.: (832) 513-1092	 	 

Signature Page to Third amended and Restated Credit Agreement 

 

 

 

	 	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A., as Administrative Agent
and as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert Mendoza
 

	 	 
	 

	 	 	 	Name: Robert Mendoza	 	 
	 

	 	 	 	Title:   Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	Notice Address:

Attention: Robert Mendoza

Telephone: 713-216-5831

Facsimile: 713-216-6004	 	 
	 
	 	 	 	 	 	 
	 	 	Lending Installation Address:

707 Travis Street, Floor 8N

Houston, Texas 77027	 	 

Signature Page to Third amended and Restated Credit Agreement 

 

 

 

	 	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A., as Syndication Agent and as
a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By: 
	/s/ G. Scott Lambert
 

	 	 
	 

	 	 	Name: 
	G. Scott Lambert	 	 
	 

	 	 	Title:
	Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	Notice Address:

333 South Hope Street, 24th Floor

CA9-193-24-05

Los Angeles, CA 90071	 	 
	 
	 	 	 	 	 	 
	 	 	Attention: Scott Lambert/Mathew Griesbach

Telephone: 213-621-8766/213-621-8737

Facsimile: 415-503-5056/415-343-0981	 	 
	 
	 	 	 	 	 	 
	 	 	Lending Installation Address:

Bank of America, N.A.

333 South Hope Street, 24th Floor

CA9-193-24-05

Los Angeles, CA 90071	 	 

Signature Page to Third amended and Restated Credit Agreement 

 

 

 

	 	 	 	 	 	 	 
	 	 	BNP PARIBAS, as a Documentation Agent and as a
Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Joseph Mack
 

	 	 
	 

	 	 	 	Name: Joseph Mack	 	 
	 

	 	 	 	Title:   Vice President	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ William Davidson
 

	 	 
	 

	 	 	 	Name: William Davidson	 	 
	 

	 	 	 	Title:   Director	 	 
	 
	 	 	 	 	 	 
	 	 	Notice Address:	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	Attention:
	 	 
	 	 	Telephone:
	 	 
	 	 	Facsimile:
	 	 
	 
	 	 	 	 	 	 
	 	 	Lending Installation Address:	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 

Signature Page to Third amended and Restated Credit Agreement 

 

 

 

	 	 	 	 	 
	 	THE ROYAL BANK OF SCOTLAND PLC, 
as a Documentation
Agent and as a Lender

 	 
	 	By:  	/s/ Brian D. Williams
 	 
	 	 	Name:  	Brian D. Williams 	 
	 	 	Title:  	Vice President 	 

Notice Address:

The Royal Bank of Scotland plc

Attention: Annette Rodriguez

Telephone: 203-897-7648

Facsimile: 203-873-5005

Lending Installation Address:

Operations Department

600 Washington Boulevard

Stamford, CT 06901

Signature Page to Third amended and Restated Credit Agreement 

 

 

 

	 	 	 	 	 
	 	WELLS FARGO BANK, N.A., 
as a Documentation Agent
and as a Lender

 	 
	 	By:  	/s/  Thomas F. Caver, III
 	 
	 	 	Name:  	Thomas F. Caver, III 	 
	 	 	Title:  	Vice President 	 

Notice Address:

Wells Fargo Bank, N.A.

North Houston Commercial Banking Group

Attention: Thomas F. Caver, III

Telephone: 281-362-6640

Facsimile: 281-362-6611

Lending Installation Address:

21 Waterway Ave., Ste 600

The Woodlands, TX 77380

Signature Page to Third amended and Restated Credit Agreement 

 

 

 

	 	 	 	 	 
	 	CREDIT AGRICOLE CORPORATE & INVESTMENT BANKING, as
a Documentation Agent and as a Lender

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

Notice Address:

1301 Avenue of the Americas

New York, NY 10019

Attention: Mr. Gener David

Telephone: 212-261-7741

Facsimile: 917-849-5440

Signature Page to Third amended and Restated Credit Agreement 

 

 

 

	 	 	 	 	 
	 	COMPASS BANK, as a Lender

 	 
	 	By:  	/s/  Payton Swope
 	 
	 	 	Name:  	Payton Swope 	 
	 	 	Title:  	Vice President 	 

Notice Address:

24 Greenway Plaza Ste 1403

Houston, TX 77046

Attention: Keri Seadler

Telephone: 713-968-8234

Facsimile: 205-524-0385

Lending Installation Address:

24 Greenway Plaza Ste 1403

Houston, TX 77046

Signature Page to Third amended and Restated Credit Agreement 

 

 

 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION, as a Lender

 	 
	 	By:  	/s/ Mark D. Skornia
 	 
	 	 	Name:  	Mark D. Skornia 	 
	 	 	Title:  	Vice President 	 

Notice Address:

U.S. Bank, N.A.

SL-MO-T12M

7th & Washington

One US Bank Plaza

St. Louis, MO 63101

Attention: Mark D. Skornia

Telephone: 314-418-8247

Facsimile: 317-418-3859

Lending Installation Address:

U.S. Bank, N.A.

SL-MO-T12M

7th & Washington

One US Bank Plaza

St. Louis, MO 63101

Signature Page to Third amended and Restated Credit Agreement 

 

 

 

	 	 	 	 	 
	 	ING BANK N.V., as a Lender

 	 
	 	By:  	/s/  Marjan Groeneveld
 	 
	 	 	Name:  	Marjan Groeneveld 	 
	 	 	Title:  	Director 	 
	 	 	 
	 	By:  	                                                /s/  Bas Gilbert
 	 
	 	 	Name:  	Bas Gilbert 	 
	 	 	Title:  	Vice President 	 

Notice Address:

Attention: Aviva Hekscher

Telephone: +31 (0)6 306 09 437

Facsimile: +31 (0)20 56 47 330

Lending Installation Address:

P.O. Box 1800

1000 BV Amsterdam

The Netherlands

Signature Page to Third amended and Restated Credit Agreement 

 

 

 

	 	 	 	 	 
	 	BANK OF MONTREAL, as a Lender

 	 
	 	By:  	/s/ John Armstrong
 	 
	 	 	Name:  	John Armstrong 	 
	 	 	Title:  	Director 	 

Notice Address:

Attention: John Armstrong

Telephone: 312-461-2962

Facsimile: 312-293-8409

Lending Installation Address:

115 South La Salle Street

Chicago, IL 60603

Signature Page to Third amended and Restated Credit Agreement 

 

 

 

	 	 	 	 	 
	 	

UBS AG, STAMFORD BRANCH, as a Lender

 	 
	 	By:  	/s/ Iria R. Otsa
 	 
	 	 	Name:  	Iria R. Otsa 	 
	 	 	Title:  	Associate Director 	 
	 	 	 
	 	By:  	                                                 /s/  April Varner-Nanton
 	 
	 	 	Name:  	April Varner-Nanton 	 
	 	 	Title:  	Director 	 

Notice Address:

UBS AG, Stamford Branch

Attention: Jenny Miloti

Telephone: 203-709-5993

Facsimile: 203-719-5173

Lending Installation Address:

677 Washington Blvd.

Stamford, CT 06905

Signature Page to Third amended and Restated Credit Agreement

 

 

 

	 	 	 	 	 
	 	SUMITOMO MITSUI BANKING CORPORATION, as a Lender

 	 
	 	By:  	/s/ William M. Ginn
 	 
	 	 	Name:  	William M. Ginn 	 
	 	 	Title:  	Executive Officer 	 

Notice Address (for borrowing/payments/fees)

277 Park Avenue, Suite 600

New York, NY 10172

Attention: Andrew Homola

Telephone: 212-224-4320

Facsimile: 212-224-5197

Lending Installation Address:

277 Park Avenue, Suite 600

New York, NY 10172

Notice Address (for credit/relationship matters)

601 S. Figueroa Street, Suite 1800

Los Angeles, CA 90017

Attn: J.D. Benko, VP

Telephone: 213-452-7885

Facsimile: 213-632-6832

Signature Page to Third amended and Restated Credit Agreement

 

 

 

	 	 	 	 	 
	 	

RIYAD BANK, HOUSTON AGENCY, as a Lender

 	 
	 	By:  	/s/  Paul N. Travis
 	 
	 	 	Name:  	Paul N. Travis 	 
	 	 	Title:  	Vice President & Head of Corporate
Finance 	 
	 	 	 
	 	By:  	                                                 /s/ Clark Mercer
 	 
	 	 	Name:  	Clark Mercer 	 
	 	 	Title:  	VP Administrative Officer 	 

Notice Address:

Riyad Bank, Houston Agency

440 Louisiana St. Suite 1050

Houston, TX 77002

Attention: Harlene Sridharan

Telephone: 713-331-2012

Facsimile: 713-331-2025

Lending Installation Address:

Riyad Bank, Houston Agency

440 Louisiana St. Suite 1050

Houston, TX 77002

Signature Page to Third amended and Restated Credit Agreement

 

 

 

	 	 	 	 	 
	 	CAPITAL ONE BANK, N.A., as a Lender

 	 
	 	By:  	/s/ Don Backer
 	 
	 	 	Name:  	Don Backer 	 
	 	 	Title:  	Senior Vice President 	 

Notice Address:

5718 Westheimer, Ste. 600

Houston, TX 77057

Attention: Don Backer

Telephone: 713-435-5024

Facsimile: 713-706-5499

Lending Installation Address:

5718 Westheimer, Ste. 600

Houston, TX 77057

Signature Page to Third amended and Restated Credit Agreement

 

 

 

	 	 	 	 	 
	 	ABU DHABI INTERNATIONAL BANK INC., as a Lender

 	 
	 	By:  	/s/ David J. Young
 	 
	 	 	Name:  	David J. Young 	 
	 	 	Title:  	Vice President 	 
	 	 	 
	 	By:  	                                                /s/ Nagy S. Kolta
 	 
	 	 	Name:  	Nagy S. Kolta 	 
	 	 	Title:  	Executive Vice President 	 

Notice Address:

1020 19th Street, NW Washington, DC 20036

Attention: Loan Administration

Telephone: 202-842-7911

Facsimile: 202-842-7955

Lending Installation Address:

1020 19th Street, NW

Washington, DC 20036

Signature Page to Third amended and Restated Credit Agreement

 

 

 

	 	 	 	 	 
	 	

THE NORTHERN TRUST COMPANY, as a Lender

 	 
	 	By:  	/s/ Keith Burson
 	 
	 	 	Name:  	Keith Burson 	 
	 	 	Title:  	Vice President 	 

Notice Address:

50 South LaSalle Street

Chicago, IL 60603

Attention: Keith Burson

Telephone: 312-444-3099

Facsimile: 312-557-1425

Lending Installation Address:

50 South LaSalle Street

Chicago, IL 60603

Signature Page to Third amended and Restated Credit Agreement

 

 

 

	 	 	 	 	 
	 	STANDARD CHARTERED BANK, as a Lender

 	 
	 	By:  	/s/ James P. Hughes
 	 
	 	 	Name:  	James P. Hughes 	 
	 	 	Title:  	Director 	 
	 	 	 
	 	By:  	                                                /s/ Robert K. Reddington
 	 
	 	 	Name:  	Robert K. Reddington 	 
	 	 	Title:  	AVP/Credit Documentation Credit Risk
Control Standard Chartered Bank N.Y. 	 

Notice Address:

Standard Chartered Bank

Attention: Rochard VandeBerge

Telephone: 212-667-0645

Lending Installation Address:

One Madison Avenue

3rd Floor

New York, NY 10010

And

Notice Address:

Standard Chartered Bank

Attention: Victoria Faltine

Telephone: 201-706-5311

Facsimile: 201-706-6722

Lending Installation Address:

Two Gateway Center

13th Floor

Newark, NJ 07102

Signature Page to Third amended and Restated Credit Agreement

 

 

 

	 	 	 	 	 
	 	AMEGY BANK NATIONAL ASSOCIATION, as a Lender

 	 
	 	By:  	/s/ Jill S. Vaughan
 	 
	 	 	Name:  	Jill S. Vaughan 	 
	 	 	Title:  	SVP 	 

Notice Address:

10101 Grograns Mill

The Woodlands, TX 77380

Telephone: 281-320-6909

Facsimile: 713-561-7183

Lending Installation Address:

                                        

                                        

                                        

Signature Page to Third amended and Restated Credit Agreement

 

 

 

	 	 	 	 	 
	 	BANK OF TEXAS, N.A., as a Lender

 	 
	 	By:  	/s/ Marian Livingston
 	 
	 	 	Name:  	Marian Livingston 	 
	 	 	Title:  	Senior Vice President 	 

Notice Address:

1401 McKinney, Ste 1650

Houston, TX 77010

Attention: Marian Livingston

Telephone: 713-289-5843

Facsimile: 713-289-5825

Lending Installation Address:

Bank of Texas, N.A.

1401 McKinney, Ste 1650

Houston, TX 77010

Signature Page to Third amended and Restated Credit Agreement

 

 

 

	 	 	 	 	 
	 	HSBC BANK USA, NATIONAL ASSOCIATION, as a Lender

 	 
	 	By:  	/s/ Steven F. Larsen
 	 
	 	 	Name:  	Steven F. Larsen 	 
	 	 	Title:  	First Vice President 	 

Notice Address:

HSBC Bank USA, National Association

Attention: Steven F. Larsen

Telephone: 213-553-8013

Facsimile: 213-553-8056

Lending Installation Address:

660 S. Figueroa St., Suite 800

Los Angeles, CA 90017

Signature Page to Third amended and Restated Credit Agreement

 

 

 

	 	 	 	 	 
	 	COMMERZBANK AG, NEW YORK AND GRAND CAYMAN BRANCHES,
as a Lender

 	 
	 	By:  	/s/ Matthew S. Havens
 	 
	 	 	Name:  	Matthew S. Havens 	 
	 	 	Title:  	Assistant Vice President 	 

	 	 	 	 	 
	 	 	 
	 	By:  	                 /s/ Kelly Groudge
 	 
	 	 	Name:  	Kelly Groudge 	 
	 	 	Title:  	Assistant Treasurer 	 

Notice Address and Lending Installation:

2 World Financial Center

New York, NY

Attention: Matt Havens

Telephone: 212-266-7346

Facsimile: 212-266-7530

Signature Page to Third amended and Restated Credit Agreement

 

 

 

	 	 	 	 	 
	 	COMERICA BANK, as a Lender

 	 
	 	By:  	/s/  Joey Powell
 	 
	 	 	Name:  	Joey Powell 	 
	 	 	Title:  	Vice President 	 

Notice Address:

910 Louisiana Street, Ste 410

Houston, TX 77002

Attention: Joey Powell

Telephone: 713-220-5527

Facsimile: 713-220-5631

Lending Installation Address:

Comerica Bank

910 Louisiana Street, Ste 410

Houston, TX 77002

Signature Page to Third amended and Restated Credit Agreement

 

 

 

	 	 	 	 	 
	 	ARAB BANKING CORPORATION, as a Lender

 	 
	 	By:  	/s/ Robert J. Ivosevich
 	 
	 	 	Name:  	Robert J. Ivosevich 	 
	 	 	Title:  	General Manager 	 
	 	 	 
	 	By:  	                 /s/ Tony G. Berbari
 	 
	 	 	Name:  	Tony G. Berbari 	 
	 	 	Title:  	Vice President 	 

Notice Address:

600 Third Avenue, 27th Floor

New York, NY 10016

Attention: Tony G. Berbari

Telephone: 212-583-4758

Facsimile: 212-583-0921

Lending Installation Address:

600 Third Avenue, 27th Floor

New York, NY 10016

Signature Page to Third amended and Restated Credit Agreement

 

 

 

The undersigned Departing Lender hereby acknowledges and

agrees that, from and after the Closing Date, it is no longer

a party to the Existing Credit Agreement and will not be a

party to this Agreement.

DEUTSCHE BANK AG, NEW YORK BRANCH, as a Departing Lender (and
solely with respect to Section 16.2 of the Credit Agreement)

	 	 	 	 	 
	 	By:  	                                      /s/ Heidi Sandquist
 	 
	 	 	Name:  	Heidi Sandquist 	 
	 	 	Title:  	Director 	 
	 	 	 
	 	By:  	                                      /s/ Ming K. Chu
 	 
	 	 	Name:  	Ming K. Chu 	 
	 	 	Title:  	Vice President 	 

Signature Page to Third amended and Restated Credit Agreement

 

 

 

The undersigned Departing Lender hereby acknowledges and

agrees that, from and after the Closing Date, it is no longer

a party to the Existing Credit Agreement and will not be a

party to this Agreement.

PNC BANK, NATIONAL ASSOCIATION, as a Departing Lender (and
solely with respect to Section 16.2 of the Credit Agreement)

	 	 	 	 	 
	 	By:  	                                      /s/ Dale A. Stein
 	 
	 	 	Name:  	Dale A. Stein 	 
	 	 	Title:  	Senior Vice President 	 

Signature Page to Third amended and Restated Credit Agreement

 

 

 

The undersigned Departing Lender hereby acknowledges and

agrees that, from and after the Closing Date, it is no longer

a party to the Existing Credit Agreement and will not be a

party to this Agreement.

FIFTH THIRD BANK, as a Departing Lender (and solely with

respect to Section 16.2 of the Credit Agreement)

	 	 	 	 	 
	 	By:  	                                      /s/ Mike Mendenhall
 	 
	 	 	Name:  	Mike Mendenhall 	 
	 	 	Title:  	Vice President 	 

Signature Page to Third amended and Restated Credit Agreement

 

 

 

The undersigned Departing Lender hereby acknowledges and

agrees that, from and after the Closing Date, it is no longer

a party to the Existing Credit Agreement and will not be a

party to this Agreement.

CREDIT SUISSE, CAYMAN ISLANDS BRANCH, as a Departing Lender
(and solely with respect to Section 16.2 of the Credit

Agreement)

	 	 	 	 	 
	 	By:  	                                      /s/ Shaheen Malik
 	 
	 	 	Name:  	Shaheen Malik 	 
	 	 	Title:  	Vice President 	 
	 	 	 
	 	By:  	                                      /s/ Kevin Buddhdew
 	 
	 	 	Name:  	Kevin Buddhdew 	 
	 	 	Title:  	Associate 	 

Signature Page to Third amended and Restated Credit Agreement

 

 

 

The undersigned Departing Lender hereby acknowledges and

agrees that, from and after the Closing Date, it is no longer

a party to the Existing Credit Agreement and will not be a

party to this Agreement.

REGIONS BANK, as a Departing Lender (and solely with respect

to Section 16.2 of the Credit Agreement)

	 	 	 	 	 
	 	By:  	                                      /s/ William Brown
 	 
	 	 	Name:  	William Brown 	 
	 	 	Title:  	Vice President 	 

Signature Page to Third amended and Restated Credit Agreement

 

 

 

The undersigned Departing Lender hereby acknowledges and

agrees that, from and after the Closing Date, it is no longer

a party to the Existing Credit Agreement and will not be a

party to this Agreement.

ALLIED IRISH BANK, PLC, as a Departing Lender (and solely

with respect to Section 16.2 of the Credit Agreement)

	 	 	 	 	 
	 	By:  	                                      /s/ Joseph Augustini
 	 
	 	 	Name:  	Joseph Augustini 	 
	 	 	Title:  	Senior Vice President 	 
	 	 	 
	 	By:  	                                      /s/ Mare Pierron
 	 
	 	 	Name:  	Mare Pierron 	 
	 	 	Title:  	Assistant Vice President 	 

Signature Page to Third amended and Restated Credit Agreement

 

 

 

The undersigned Departing Lender hereby acknowledges and

agrees that, from and after the Closing Date, it is no longer

a party to the Existing Credit Agreement and will not be a

party to this Agreement.

BANK OF NEW YORK, as a Departing Lender (and solely with

respect to Section 16.2 of the Credit Agreement)

	 	 	 	 	 
	 	By:  	                                      /s/ Sean D. Most
 	 
	 	 	Name:  	Sean D. Most 	 
	 	 	Title:  	Senior Associate 	 

Signature Page to Third amended and Restated Credit Agreement

 

 

 

The undersigned Departing Lender hereby acknowledges and

agrees that, from and after the Closing Date, it is no longer

a party to the Existing Credit Agreement and will not be a

party to this Agreement.

THE BANK OF NOVA SCOTIA, as a Departing Lender (and solely

with respect to Section 16.2 of the Credit Agreement)

	 	 	 	 	 
	 	By:  	                                      /s/ Mark Sparrow
 	 
	 	 	Name:  	Mark Sparrow 	 
	 	 	Title:  	Director 	 

Signature Page to Third amended and Restated Credit Agreement

 

 

 

The undersigned Departing Lender hereby acknowledges and

agrees that, from and after the Closing Date, it is no longer

a party to the Existing Credit Agreement and will not be a

party to this Agreement.

UBS LOAN FINANCE LLC, as a Departing Lender (and solely with

respect to Section 16.2 of the Credit Agreement)

	 	 	 	 	 
	 	By:  	                                      /s/ Irja R. Otsa
 	 
	 	 	Name:  	Irja R. Otsa 	 
	 	 	Title:  	Associate Director 	 
	 	 	 
	 	By:  	                                      /s/ April Varner-Nanton
 	 
	 	 	Name:  	April Varner-Nanton 	 
	 	 	Title:  	Director 	 

Signature Page to Third amended and Restated Credit AgreementExhibit 10.1(a)

Exhibit 10.1(a)

EXHIBIT A-1

TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

Commitments

	 	 	 	 	 
	Name of Lender	 	Commitment	 
	JPMorgan Chase Bank, N.A.
	 	$	90,000,000.00	 
	Bank of America, N.A.
	 	$	90,000,000.00	 
	BNP Paribas
	 	$	80,000,000.00	 
	The Royal Bank of Scotland plc
	 	$	80,000,000.00	 
	Wells Fargo Bank, N.A.
	 	$	80,000,000.00	 
	Credit Agricole Corporate & Investment Banking
	 	$	80,000,000.00	 
	Compass Bank
	 	$	66,666,666.67	 
	U.S. Bank National Association
	 	$	66,666,666.67	 
	ING Bank, N.V.
	 	$	66,666,666.66	 
	Bank of Montreal
	 	$	54,000,000.00	 
	UBS AG, Stamford Branch
	 	$	42,000,000.00	 
	Sumitomo Mitsui Banking Corporation
	 	$	30,000,000.00	 
	Riyad Bank, Houston Agency
	 	$	30,000,000.00	 
	Capital One Bank, N.A.
	 	$	26,750,000.00	 
	Abu Dhabi International Bank Inc.
	 	$	25,000,000.00	 
	The Northern Trust Company
	 	$	25,000,000.00	 
	Standard Chartered Bank
	 	$	25,000,000.00	 
	Amegy Bank
	 	$	25,000,000.00	 
	Bank of Texas, N.A.
	 	$	25,000,000.00	 

 

 

 

	 	 	 	 	 
	Name of Lender	 	Commitment	 
	HSBC Bank USA
	 	$	25,000,000.00	 
	Commerzbank AG, US and Grand Cayman Branches
	 	$	25,000,000.00	 
	Comerica Bank
	 	$	25,000,000.00	 
	Arab Banking Corporation BSC
	 	$	17,250,000.00	 
	 	 	 	 
	TOTAL
	 	$	1,100,000,000	 
	 	 	 	 

 

2

 

EXHIBIT A-2

TO

AMENDED AND RESTATED CREDIT AGREEMENT

Issuing Banks

JPMorgan Chase Bank, N.A.

Bank of America, N.A.

Bank of Montreal

Wells Fargo Bank, N.A.

The Royal Bank of Scotland plc

Compass Bank

U.S. Bank National Association

BNP Paribas

 

 

 

EXHIBIT A-3

TO

AMENDED AND RESTATED CREDIT AGREEMENT

Mandatory Cost

	1.	 	The Mandatory Cost is an addition to the interest rate to compensate Lenders for the cost of
compliance with (a) the requirements of the Bank of England and/or the Financial Services
Authority (or, in either case, any other authority which replaces all or any of its functions)
or (b) the requirements of the European Central Bank.

	2.	 	On the first day of each Interest Period (or as soon as possible thereafter) the
Administrative Agent shall calculate, as a percentage rate, a rate (the “Associated Costs
Rate”) for each Lender, in accordance with the paragraphs set out below. The Mandatory
Cost will be calculated by the Administrative Agent as a weighted average of the Lenders’
Associated Costs Rates (weighted in proportion to the percentage participation of each Lender
in the relevant Loan) and will be expressed as a percentage rate per annum.

	3.	 	The Associated Costs Rate for any Lender lending from a Facility Office in a Participating
Member State will be the percentage notified by that Lender to the Administrative Agent. This
percentage will be certified by that Lender in its notice to the Administrative Agent to be
its reasonable determination of the cost (expressed as a percentage of that Lender’s
participation in all Loans made from that Facility Office) of complying with the minimum
reserve requirements of the European Central Bank in respect of loans made from that Facility
Office.

	4.	 	The Associated Costs Rate for any Lender lending from a Facility Office in the United Kingdom
will be calculated by the Administrative Agent as follows:

	 	(a)	 	in relation to a Loan in Pounds Sterling:

	 	 	 
	AB+C(B – D)+ E x 0.01
 

100 – (A+C)

	 	 per
cent. per annum

	 	(b)	 	in relation to a Loan in any currency other than Pounds Sterling:

	 	 	 
	E x 0.01
 

300

	 	 per
cent. per annum.

Where:

	 	A	 	is the percentage of Eligible Liabilities (assuming these to be in excess of any
stated minimum) which that Lender is from time to time required to maintain as an
interest free cash ratio deposit with the Bank of England to comply with cash ratio
requirements.

 

 

 

	 	B	 	is the percentage rate of interest (excluding the Applicable Eurodollar Margin
and the Mandatory Cost and, if the Loan is an Unpaid Sum, the additional rate of
interest specified in Section 2.13(c) payable for the relevant Interest Period on the
Loan.

	 	C	 	is the percentage (if any) of Eligible Liabilities which that Lender is required
from time to time to maintain as interest bearing Special Deposits with the Bank of
England.

	 	D	 	is the percentage rate per annum payable by the Bank of England to the
Administrative Agent on interest bearing Special Deposits.

	 	E	 	is designed to compensate Lenders for amounts payable under the Fees Rules and is
calculated by the Administrative Agent as being the average of the most recent rates of
charge supplied by the Reference Banks to the Administrative Agent pursuant to paragraph
7 below and expressed in pounds per £1,000,000.

	5.	 	For the purposes of this Schedule:

	 	(a)	 	“Eligible Liabilities” and “Special Deposits” have the meanings given to them
from time to time under or pursuant to the Bank of England Act 1998 or (as may be
appropriate) by the Bank of England;

	 	(b)	 	“Facility Office” means the office or offices notified by a Lender to the
Administrative Agent in writing on or before the date it becomes a Lender (or, following
that date, by not less than five Business Days’ written notice) as the office or offices
through which it will perform its obligations under this Agreement.

	 	(c)	 	“Fees Rules” means the rules on periodic fees contained in the FSA Supervision
Manual or such other law or regulation as may be in force from time to time in respect
of the payment of fees for the acceptance of deposits;

	 	(d)	 	“Fee Tariffs” means the fee tariffs specified in the Fees Rules under the
activity group A.1 Deposit acceptors (ignoring any minimum fee or zero rated fee
required pursuant to the Fees Rules but taking into account any applicable discount
rate);

	 	(e)	 	“Participating Member State” means any member state of the European Union that
adopts or has adopted the euro as its lawful currency in accordance with legislation of
the European Union relating to economic and monetary union.

	 	(f)	 	“Reference Banks” means, in relation to Mandatory Cost, the principal London
offices of JPMorgan Chase Bank, N.A.

	 	(g)	 	“Tariff Base” has the meaning given to it in, and will be calculated in
accordance with, the Fees Rules.

	 	(h)	 	“Unpaid Sum” means any sum due and payable but unpaid by the relevant Borrower
under the Loan Documents.

 

5

 

	6.	 	In application of the above formulae, A, B, C and D will be included in the formulae as
percentages (i.e. 5 per cent. will be included in the formula as 5 and not as 0.05). A
negative result obtained by subtracting D from B shall be taken as zero. The resulting
figures shall be rounded to four decimal places.

	7.	 	If requested by the Administrative Agent, each Reference Bank shall, as soon as practicable
after publication by the Financial Services Authority, supply to the Administrative Agent, the
rate of charge payable by that Reference Bank to the Financial Services Authority pursuant to
the Fees Rules in respect of the relevant financial year of the Financial Services Authority
(calculated for this purpose by that Reference Bank as being the average of the Fee Tariffs
applicable to that Reference Bank for that financial year) and expressed in pounds per
£1,000,000 of the Tariff Base of that Reference Bank.

	8.	 	Each Lender shall supply any information required by the Administrative Agent for the purpose
of calculating its Associated Costs Rate. In particular, but without limitation, each Lender
shall supply the following information on or prior to the date on which it becomes a Lender:

	 	(i)	 	the jurisdiction of its Facility Office; and

	 	(j)	 	any other information that the Administrative Agent may reasonably require for
such purpose.

Each Lender shall promptly notify the Administrative Agent of any change to the information
provided by it pursuant to this paragraph.

	9.	 	The percentages of each Lender for the purpose of A and C above and the rates of charge of
each Reference Bank for the purpose of E above shall be determined by the Administrative Agent
based upon the information supplied to it pursuant to paragraphs 7 and 8 above and on the
assumption that, unless a Lender notifies the Administrative Agent to the contrary, each
Lender’s obligations in relation to cash ratio deposits and Special Deposits are the same as
those of a typical bank from its jurisdiction of incorporation with a Facility Office in the
same jurisdiction as its Facility Office.

	10.	 	The Administrative Agent shall have no liability to any person if such determination results
in an Associated Costs Rate which over or under compensates any Lender and shall be entitled
to assume that the information provided by any Lender or Reference Bank pursuant to paragraphs
3, 7 and 8 above is true and correct in all respects.

	11.	 	The Administrative Agent shall distribute the additional amounts received as a result of the
Mandatory Cost to the Lenders on the basis of the Associated Costs Rate for each Lender based
on the information provided by each Lender and each Reference Bank pursuant to paragraphs 3, 7
and 8 above.

 

6

 

	12.	 	Any determination by the Administrative Agent pursuant to this Schedule in relation to a
formula, the Mandatory Cost, an Associated Costs Rate or any amount payable to a Lender shall,
in the absence of manifest error, be conclusive and binding on all parties hereto.

The Administrative Agent may from time to time, after consultation with the relevant Borrower and
the relevant Lenders, determine and notify to all parties hereto any amendments which are required
to be made to this Schedule in order to comply with any change in law, regulation or any
requirements from time to time imposed by the Bank of England, the Financial Services Authority or
the European Central Bank (or, in any case, any other authority which replaces all or any of its
functions) and any such determination shall, in the absence of manifest error, be conclusive and
binding on all parties hereto.

 

7

 

EXHIBIT B

TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

Form of Borrowing/Election Notice

			
	TO:	 	JPMorgan Chase Bank, N.A., as contractual representative (the “Administrative Agent”)
under that certain Third Amended and Restated Credit Agreement dated as of July 23, 2010 by
and among Chicago Bridge & Iron Company N.V., the Subsidiary Borrowers from time to time
parties thereto, the financial institutions from time to time parties thereto as lenders (the
“Lenders”) and the Administrative Agent (as the same may be amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”).

The undersigned Borrower hereby gives to the Administrative Agent [and the Swing Line Bank] a
[Borrowing/Election Notice pursuant to Section 2.2] [a Borrowing/Election Notice pursuant
to Section 2.7] [Borrowing/Election Notice pursuant to Section 2.9(D)] of the
Credit Agreement, and such Borrower hereby requests to [borrow] [convert] [continue] on
             ,        (the “Borrowing Date”) from the Lenders on a
pro rata basis an aggregate principal amount of:

(a) [US $                    ] in Revolving
Loans [as a][which are presently outstanding as a
[Floating Rate Advance][Eurodollar Rate Advance][be converted to][be continued as]]

	 	•	 	Floating Rate Advance

	 	•	 	Eurodollar Rate Advance

	 	•	 	Applicable Interest Period of                      month(s).

	 	(b)	 	$                     in Swing Line Loans as a Floating Rate Advance.

The undersigned hereby certifies to the Administrative Agent and the Lenders that (i) the
representations and warranties of the undersigned contained in Article VI of the Credit
Agreement are and shall be true and correct on and as of the date hereof and on and as of the
Borrowing Date (unless such representation and warranty is made as of a specified date, in which
case, such representation and warranty shall be true and correct as of such date) except for
changes in the Schedules to the Credit Agreement affecting transactions permitted by or not in
violation of the Credit Agreement; (ii) no Default or Unmatured Default has occurred and is
continuing on the date hereof or on the Borrowing Date or will result from the making of the
proposed Advance; and (iii) the conditions set forth in [Section 5.2 and]1
Section 5.3 of the Credit Agreement have been satisfied.

 

	 	 	 
	1	 	To include for initial advance to new Subsidiary
Borrower

 

 

 

Unless otherwise defined herein, terms defined in the Credit Agreement shall have the same
meanings in this Borrowing/Election Notice.

Dated                     
_____,

	 	 	 	 	 	 	 	 	 
	 	 	[CHICAGO BRIDGE & IRON COMPANY N.V.]

[SUBSIDIARY BORROWER]	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 

 

2

 

EXHIBIT C

TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

Form of Request for Letter of Credit

			
	TO:	 	                                      
  2, an Issuing Bank under that
certain Third Amended and Restated Credit Agreement dated as of July 23, 2010
by and among Chicago Bridge & Iron Company N.V., the Subsidiary Borrowers from
time to time parties thereto, the financial institutions from time to time
parties thereto as lenders (the “Lenders”) and JPMorgan Chase Bank, N.A., as
contractual representative for itself and the other Lenders (the
“Administrative Agent”) (as the same may be amended, restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”) and

JPMORGAN CHASE BANK, N.A., as Administrative Agent

JPMorgan Chase Bank

10 S. Dearborn St.

Chicago, IL 60303

Attention: CLS Loan and Agency

Telecopier: 312-732-2729

Confirmation: 312-732-2006

Email: CLS.Agency.LC.Sold.Team@jpmchase.com

with a copy to

JPMorgan Securities Inc.

707 Travis Street

Houston, TX 77002

Attn: Janice Carter

Telecopier: 713-216-4651

Confirmation: 713-216-4383

Email: janice.carter@jpmorgan.com

Pursuant to Section 3.4 of the Credit Agreement, the undersigned Borrower hereby gives
to the Issuing Bank a request for issuance of a [Financial][Performance]Letter of Credit on behalf
of such Borrower for the benefit of
                                        
 3, having an
address of [                    ], in the amount of [US
$                    ][                 
    in the following Agreed
Currency:                     ], with an effective date of
                    ,
 _____ 
(the “Effective
Date”) and an expiry date of                     ,
 _____.

 

	 	 	 
	2	 	Insert name of Issuing Bank.

	 
	3	 	Insert name of beneficiary (which may include a
Subsidiary).

 

 

 

The undersigned hereby certifies that (i) the representations and warranties of the
undersigned contained in Article VI of the Credit Agreement are and shall be true and correct on
and as of the date hereof and on and as of the Effective Date (unless such representation and
warranty is made as of a specified date, in which case, such representation and warranty shall be
true and correct as of such date) except for changes in the Schedules to the Credit Agreement
affecting transactions permitted by or not in violation of the Credit Agreement; (ii) no Default or
Unmatured Default has occurred and is continuing on the date hereof or on the Effective Date or
will result from the issuance of the proposed Letter of Credit; and (iii) the conditions set forth
in Sections 3.4[, 5.2 ]4 and 5.3 of the Credit Agreement have
been satisfied.

 

	 	 	 
	4	 	To include for initial Letter of Credit to new
Subsidiary Borrower

 

2

 

Unless otherwise defined herein, terms defined in the Credit Agreement shall have the same
meanings in this Request for Letter of Credit.

	 	 	 	 	 	 	 	 	 
	 	 	Dated                      _________,	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	[CHICAGO BRIDGE & IRON COMPANY N.V.]

[SUBSIDIARY BORROWER]	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 

 

3

 

EXHIBIT D

TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

Form of Assignment and Acceptance Agreement

This Assignment Agreement (this “Assignment
Agreement”) between
                                      
                   (the “Assignor”) and
                                        
(the “Assignee”) is dated as of                     , 20____. The parties hereto agree as follows:

(1) PRELIMINARY STATEMENT. The Assignor is a party to a Third Amended and Restated
Credit Agreement (which, as it may be amended, modified, renewed or extended from time to time is
herein called the “Credit Agreement”) described in Item 1 of Schedule 1 attached hereto (“Schedule
1”). Capitalized terms used herein and not otherwise defined herein shall have the meanings
attributed to them in the Credit Agreement.

(2) ASSIGNMENT AND ASSUMPTION. The Assignor hereby sells and assigns to the Assignee,
and the Assignee hereby purchases and assumes from the Assignor, an interest in and to the
Assignor’s rights and obligations under the Credit Agreement and the other Loan Documents, such
that after giving effect to such assignment the Assignee shall have purchased pursuant to this
Assignment Agreement the percentage interest specified in Item 3 of Schedule 1 of all outstanding
rights and obligations under the Credit Agreement and the other Loan Documents relating to the
facilities listed in Item 3 of Schedule 1. The aggregate Commitment (or Loans, if the applicable
Commitment has been terminated) purchased by the Assignee hereunder is set forth in Item 4 of
Schedule 1.

(3) EFFECTIVE DATE. The effective date of this Assignment Agreement (the “Effective
Date”) shall be the later of the date specified in Item 5 of Schedule 1 or two Business Days (or
such shorter period agreed to by the Administrative Agent) after this Assignment Agreement,
together with any consents required under the Credit Agreement, are delivered to the Administrative
Agent. In no event will the Effective Date occur if the payments required to be made by the
Assignee to the Assignor on the Effective Date are not made on the proposed Effective Date.

(4) PAYMENT OBLIGATIONS. In consideration for the sale and assignment of Loans
hereunder, the Assignee shall pay the Assignor, on the Effective Date, the amount agreed to by the
Assignor and the Assignee. On and after the Effective Date, the Assignee shall be entitled to
receive from the Administrative Agent all payments of principal, interest and fees with respect to
the interest assigned hereby. The Assignee will promptly remit to the Assignor any interest on
Loans and fees received from the Administrative Agent which relate to the portion of the Commitment
or Loans assigned to the Assignee hereunder for periods prior to the Effective Date and not
previously paid by the Assignee to the Assignor. In the event that either party hereto
receives any payment to which the other party hereto is entitled under this Assignment
Agreement, then the party receiving such amount shall promptly remit it to the other party hereto.

 

 

 

(5) RECORDATION FEE. The Assignor and Assignee each agree to pay one-half of the
recordation fee required to be paid to the Administrative Agent in connection with this Assignment
Agreement unless otherwise specified in Item 6 of Schedule 1.

(6) REPRESENTATIONS OF THE ASSIGNOR; LIMITATIONS ON THE ASSIGNOR’S LIABILITY. The
Assignor represents and warrants that (i) it is the legal and beneficial owner of the interest
being assigned by it hereunder, (ii) such interest is free and clear of any adverse claim created
by the Assignor and (iii) the execution and delivery of this Assignment Agreement by the Assignor
is duly authorized. It is understood and agreed that the assignment and assumption hereunder are
made without recourse to the Assignor and that the Assignor makes no other representation or
warranty of any kind to the Assignee. Neither the Assignor nor any of its officers, directors,
employees, agents or attorneys shall be responsible for (i) the due execution, legality, validity,
enforceability, genuineness, sufficiency or collectability of any Loan Document, including without
limitation, documents granting the Assignor and the other Lenders a security interest in assets of
the Borrowers or any guarantor, (ii) any representation, warranty or statement made in or in
connection with any of the Loan Documents, (iii) the financial condition or creditworthiness of the
Borrowers or any guarantor, (iv) the performance of or compliance with any of the terms or
provisions of any of the Loan Documents, (v) inspecting any of the property, books or records of
the Borrowers, (vi) the validity, enforceability, perfection, priority, condition, value or
sufficiency of any collateral securing or purporting to secure the Loans or (vii) any mistake,
error of judgment, or action taken or omitted to be taken in connection with the Loans or the Loan
Documents. Such assignment is without recourse to the Assignor.

(7) REPRESENTATIONS AND UNDERTAKINGS OF THE ASSIGNEE. The Assignee (i) confirms that
it has received a copy of the Credit Agreement, together with copies of the financial statements
requested by the Assignee and such other documents and information as it has deemed appropriate to
make its own credit analysis and decision to enter into this Assignment Agreement, (ii) agrees that
it will, independently and without reliance upon the Administrative Agent, the Assignor or any
other Lender and based on such documents and information at it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under the Loan Documents,
(iii) appoints and authorizes the Administrative Agent to take such action as agent on its behalf
and to exercise such powers under the Loan Documents as are delegated to the Administrative Agent
by the terms thereof, together with such powers as are reasonably incidental thereto, (iv) confirms
that the execution and delivery of this Assignment Agreement by the Assignee is duly authorized,
(v) agrees that it will perform in accordance with their terms all of the obligations which by the
terms of the Loan Documents are required to be performed by it as a Lender, (vi) agrees that its
payment instructions and notice instructions are as set forth in the attachment to Schedule 1,
(vii) confirms that none of the funds, monies, assets or other consideration being used
to make the purchase and

 

2

 

assumption hereunder are “plan assets” as defined under ERISA and
that its rights, benefits and interests in and under the Loan Documents will not be “plan assets”
under ERISA, (viii) agrees to indemnify and hold the Assignor harmless against all losses, costs
and expenses (including, without limitation, reasonable attorneys’ fees) and liabilities incurred
by the Assignor in connection with or arising in any manner from the Assignee’s non-performance of
the obligations assumed under this Assignment Agreement, (ix) if applicable, attaches the forms
prescribed by the Internal Revenue Service of the United States certifying that the Assignee is
entitled to receive payments under the Loan Documents without deduction or withholding of any
United States federal income taxes, (x) confirms, to the extent required under the Dutch Banking
Act and the Dutch Exemption Regulation, it is a PMP, (xi) confirms it is aware that it does not
benefit from the protection offered by the Dutch Banking Act to Lenders which are not PMPs, and
(xii) it has made its own independent appraisal of risks arising under or in connection with any
Loan Documents

(8) GOVERNING LAW. THIS ASSIGNMENT AGREEMENT SHALL BE GOVERNED BY THE INTERNAL LAW
(INCLUDING, WITHOUT LIMITATION 735 ILCS 105/5-1 ET SEQ., BUT OTHERWISE WITHOUT REGARD TO LAW OF
CONFLICTS) OF THE STATE OF ILLINOIS.

(9) NOTICES. Notices shall be given under this Assignment Agreement in the manner set
forth in the Credit Agreement. For the purpose hereof, the addresses of the parties hereto (until
notice of a change is delivered) shall be the address set forth in the attachment to Schedule 1.

(10) COUNTERPARTS; DELIVERY BY FACSIMILE. This Assignment Agreement may be executed
in counterparts. Transmission by facsimile of an executed counterpart of this Assignment Agreement
shall be deemed to constitute due and sufficient delivery of such counterpart and such facsimile
shall be deemed to be an original counterpart of this Assignment Agreement.

IN WITNESS WHEREOF, the duly authorized officers of the parties hereto have executed this
Assignment Agreement by executing Schedule 1 hereto as of the date first above written.

 

3

 

SCHEDULE 1

To Assignment Agreement

1. Description and Date of Credit Agreement. That certain Third Amended and Restated
Credit Agreement, dated as of July 23, 2010, by and among Chicago Bridge & Iron Company N.V., the
Subsidiary Borrowers from time to time parties thereto, the lenders from time to time parties
thereto (the “Lenders”) and JPMorgan Chase Bank, N.A., as contractual representative on
behalf of itself and the other Lender (the “Administrative Agent”).

	2.	 	Date of Assignment Agreement.                          , 200_

	3.	 	Amounts (As of Date of Item 2 above):     
$                    

	 	 	 	 	 
	 	 	 	 	[Facility Name*]
	 	 	 	 	 
	 

	 	Assignee’s percentage of each Facility purchased
under the Assignment Agreement**
	 	                     %
	 
	 	 	 	 
	 

	 	Amount of each Facility purchased under the
Assignment Agreement***
	 	$                    
	 
	 	 	 	 
	4.

	 	Assignee’s Commitment (or Loans with respect to
terminated Commitment) purchased hereunder:
	 	$                    
	 
	 	 	 	 
	5.

	 	Proposed Effective Date:
	 	                    
	 
	 	 	 	 
	6.

	 	Non-standard Recordation Fee Arrangement:
	 	N/A*** [Assignor/Assignee to pay 100% of fee]

 

 

 

	 	 	 
	Accepted and Agreed:
	 	 
	 
	 	 
	[NAME OF ASSIGNOR]

	 	[NAME OF ASSIGNEE]
	 
	 	 
	By:

	 	By:
	Title:

	 	Title:
	 
	 	 
	ACCEPTED AND CONSENTED TO****

	 	ACCEPTED AND CONSENTED TO
	BY

	 	BY
	 
	 	 
	[NAME OF BORROWER]

	 	JPMORGAN CHASE BANK, N.A., AS
ADMINISTRATIVE AGENT
	 
	 	 
	By:

	 	By:
	Title:

	 	Title:

	 	 	 
	*	 	Insert specific facility names per Credit Agreement

	 
	**	 	Percentage taken to 10 decimal places

	 
	***	 	If fee is split 50-50, pick N/A as option

	 
	****	 	So long as no Default shall have occurred and is continuing

 

2

 

ATTACHMENT TO

SCHEDULE 1 to ASSIGNMENT AGREEMENT

ADMINISTRATIVE INFORMATION SHEET

Attach Assignor’s Administrative Information Sheet, which must

include notice addresses for the Assignor and the Assignee

(Sample form shown below)

ASSIGNOR INFORMATION

Contact:

	 	 	 
	Name:

	 	Telephone No.:
	Fax No.:

	 	Telex No.:
	 

	 	Answerback:

Payment Information:

Name & ABA # of Destination Bank:

Account Name & Number for Wire Transfer:

Other Instructions:

Address for Notices for Assignor:

ASSIGNEE INFORMATION

Credit Contact:

	 	 	 
	Name:

	 	Telephone No.:
	Fax No.:

	 	Telex No.:
	 

	 	Answerback:

Key Operations Contacts:

	 	 	 
	Booking Installation:

	 	Booking Installation:
	Name:

	 	Name:
	Telephone No.:

	 	Telephone No.:
	Fax No.:

	 	Fax No.:
	Telex No.:

	 	Telex No.:
	Answerback:

	 	Answerback:

 

 

 

Payment Information:

Name & ABA # of Destination Bank:

Account Name & Number for Wire Transfer:

Other Instructions:

Address for Notices for Assignee:

 

2

 

JPMORGAN INFORMATION

Assignee will be called promptly upon receipt of the signed agreement.

	 	 	 
	Initial Funding Contact:	 	Subsequent Operations Contact:
	Name:

	 	Name:
	Telephone No.:

	 	Telephone No.:
	Fax No.:

	 	Fax No.:
	 

	 	JPMorgan Telex No.:

Initial Funding Standards:

Libor — Fund 2 days after rates are set.

JPMorgan Wire Instructions:

[JPMORGAN TO CONFIRM]

 

3

 

APPENDIX I

to

Assignment and Acceptance Agreement

FORM OF NOTICE OF ASSIGNMENT

[Date]

			
	To:	 	CHICAGO BRIDGE & IRON COMPANY N.V.

[Address]

Attention:

JPMorgan Chase Bank, N.A. as Administrative Agent

[Address]

Attention:

			
	From:	 	[NAME OF ASSIGNOR] (the “Assignor”)

			
		 	[NAME OF ASSIGNEE] (the “Assignee”)

1. We refer to the Third Amended and Restated Credit Agreement (as it may be amended,
modified, renewed or extended from time to time, the “Credit Agreement”) described in Item
1 of Schedule 1 attached to the Assignment Agreement referenced below (“Schedule 1”).
Capitalized terms used herein and not otherwise defined herein shall have the meanings attributed
to them in the Credit Agreement.

2. This Notice of Assignment (this “Notice”) is given and delivered to the
Administrative Agent pursuant to Section 14.3(B) of the Credit Agreement.

3. The Assignor and the Assignee have entered into an Assignment and Acceptance Agreement,
dated as of                     
_____, 20____ (the “Assignment Agreement”), pursuant to which, among
other things, the Assignor has sold, assigned, delegated and transferred to the Assignee, and the
Assignee has purchased, accepted and assumed from the Assignor the percentage interest specified in
Item 3 of Schedule 1 of all outstandings, rights and obligations under the Credit Agreement
relating to the facilities listed in Item 3 of Schedule 1. The Effective Date of the Assignment
Agreement shall be as specified in the Assignment Agreement.

4. The Assignor and the Assignee hereby give to the Company and the Administrative Agent
notice of the assignment and delegation referred to herein.

 

 

 

5. The Assignee advises the Administrative Agent that its notice and payment instructions are
set forth in the attachment to Schedule 1.

6. The Assignee hereby represents and warrants that none of the funds, monies, assets or other
consideration being used to make the purchase pursuant to the Assignment Agreement are “plan
assets” as defined under ERISA and that its rights, benefits, and interests in and under the Loan
Documents will not be “plan assets” under ERISA.

7. The Assignee authorizes the Administrative Agent to act as its contractual representative
under the Loan Documents in accordance with the terms thereof.5

	 	 	 	 	 	 	 	 	 	 	 	 	 
	NAME OF ASSIGNOR	 	NAME OF ASSIGNEE	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	 	 	 	 	Name:	 	 	 	 
	 

	 	Title:
	 	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 	 	 	 	 

	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Acknowledged and consented to by: 

JPMORGAN CHASE BANK, N.A., as
Administrative Agent	 	Acknowledged and consented to by: 

CHICAGO BRIDGE & IRON COMPANY N.V., 

By: CHICAGO BRIDGE & IRON COMPANY
B.V.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	 	 	 	 	Name:	 	 	 	 
	 

	 	Title:
	 	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 	 	 	 	 

	 	 

 

	 	 	 
	5	 	This paragraph may be eliminated if the Assignee is a
party to the Credit Agreement prior to the Effective Date.

 

 

 

EXHIBIT E-1

TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

Form of Company’s US Counsel’s Opinion(s)

Attached

 

 

 

July 23, 2010

Each of the Lenders party

to the Credit Agreement

referred to below and

JPMorgan Chase Bank, N.A.,

as Administrative Agent

Re: Chicago Bridge & Iron Company N.V.

Ladies and Gentlemen:

I have acted as United States counsel to Chicago Bridge & Iron Company N.V., a company
incorporated in The Netherlands (the “Company”), each of the “Foreign Subsidiaries” (as
defined below) and each of the “Domestic Subsidiaries” (as defined below) in connection with the
execution and delivery of that certain Third Amended and Restated Credit Agreement (the “Credit
Agreement”), dated as of the date hereof, among the Company, the Subsidiaries (as defined
below), the lenders party thereto (the “Lenders”) and JPMorgan Chase Bank, N.A., as
administrative agent for the Lenders (the “Administrative Agent”).

This opinion is furnished to you pursuant to Section 5.1(v) of the Credit Agreement.
Capitalized terms used herein without definition shall have the meanings specified in the Credit
Agreement.

In connection with the opinions expressed herein, I have examined the following documents:

	 	(i)	 	the Credit Agreement;

	 	(ii)	 	the Reaffirmation to be executed and delivered by the Company and the
Subsidiary Guarantors pursuant to Section 5.1(vi) of the Credit Agreement; and

	 	(iii)	 	each promissory note, dated as of the date hereof (if any), to be executed and
delivered pursuant to Section 2.12(D) of the Credit Agreement.

The documents referred to in clauses (i), (ii) and (iii) above are collectively referred to
herein as the “Loan Documents.” The foreign Subsidiary Borrowers and the domestic Subsidiary
Borrowers executing and delivering the Credit Agreement on the date hereof are listed on Annex
A attached hereto and are sometimes referred to herein respectively as the “Foreign
Subsidiaries” and as the “Domestic Subsidiaries” and collectively as the “Subsidiaries.”

 

 

 

July 23, 2010

Page 8

In rendering this opinion to you, I have assumed, without inquiry:

(a) (i) the genuineness of all signatures other than those on behalf of the Company and the Subsidiaries on original copies of the Loan Documents;
(ii) the conformity to the
original documents of all documents submitted to me as copies and the authenticity of all documents
submitted to me as originals; (iii) the due authorization, execution and delivery of the Loan
Documents by each of the parties thereto other than the Company (solely with respect to execution
and delivery), the Foreign Subsidiaries (solely with respect to execution and delivery) and the
Domestic Subsidiaries and (iv) the validity and enforceability of the Loan Documents against each
of the parties thereto other than the Company and the Subsidiaries;

(b) that the execution, delivery and performance of the Loan Documents by each party thereto
do not conflict with or constitute a violation of any law or governmental rule or regulation of (i)
the State of Delaware other than the General Corporation Law of the State of Delaware (the “DGCL”)
or (ii) any jurisdiction other than the United States of America and the State of Illinois;

(c) that the execution, delivery and performance of the Loan Documents by each party thereto other
than, with respect to clauses (ii) and (iii) below, as applicable to the Company and the Foreign
Subsidiaries, and with respect to clauses (i), (ii) and (iii) below, as applicable to each of the
Domestic Subsidiaries, do not breach, conflict with or constitute a violation of or default under
(i) the certificate or articles of association or incorporation, by-laws or any other charter or
governing document of such party; (ii) any agreement, instrument or document to which any such
party was, or is, a party or by which any such party or any of its properties was, or is, bound or
(iii) any order, judgment or decree to which any such party was, or is, bound or subject or by
which any of its properties was, or is, bound; and

(d) that any consideration contemplated to be given on the date hereof by any party in any of
the Loan Documents was given on the date hereof.

Based upon the foregoing assumptions and subject to the limitations, qualifications and
exceptions hereinafter set forth, I am of the opinion that:

1. Each Domestic Subsidiary on the date hereof (a) is a corporation duly organized and validly
existing under the laws of the jurisdiction of its organization, (b) has all requisite corporate
power and authority to own its property and assets and to carry on its business as now conducted
and as proposed to be conducted, (c) is duly qualified as a foreign corporation to transact
business and is in good standing in its jurisdiction of incorporation and each jurisdiction where
such qualification is required, except where the failure to be so qualified or be in good standing could not reasonably be expected to result in a Material Adverse Effect, and (d) has
the corporate power and authority to execute, deliver and perform its obligations under each Loan
Document to which it is a party.

 

 

 

July 23, 2010

Page 9

2. The execution, delivery and performance of each Loan Document by the Company on the date
hereof, and the consummation of the transactions contemplated thereby will not (a) violate (i) any
applicable federal or Illinois State law, statute, rule or regulation, the DGCL or any order of any
federal or Illinois State Governmental Authority with jurisdiction over the Company or its
properties or the Chancery Court, appellate courts or Secretary of State of the State of Delaware
or (ii) any provision of any indenture or other material agreement or instrument known to me to
which the Company is a party or by which it or any of its property may be bound, (b) result in a
default under any such indenture, agreement or other instrument or (c) result in the creation or
imposition of any Lien (other than Liens permitted under Section 7.3(C) of the Credit Agreement)
upon or with respect to any property or assets now owned or hereafter acquired by the Company
except, in the case of clauses (a) through (c) above, for any of the foregoing that could not
reasonably be expected to result in a Material Adverse Effect or materially and adversely affect
the rights or interests of the Lenders under the Loan Documents.

3. The execution, delivery and performance of each Loan Document by each Domestic Subsidiary
on the date hereof, and the consummation of the transactions contemplated thereby (a) have been
duly authorized by all requisite corporate action of such Domestic Subsidiary and (b) will not (i)
violate (A) any provision of the certificate of incorporation or by-laws of such Domestic
Subsidiary, (B) any applicable federal or Illinois State law, statute, rule or regulation, the DGCL
or any order of any federal or Illinois State Governmental Authority with jurisdiction over any
such Domestic Subsidiary or its properties or the Chancery Court, appellate courts or Secretary of
State of the State of Delaware or (C) any provision of any indenture or other material agreement or
instrument known to me to which any such Domestic Subsidiary is a party or by which it or any of
its property may be bound, (ii) result in a default under any such indenture, agreement or other
instrument or (iii) result in the creation or imposition of any Lien (other than Liens permitted
under Section 7.3(C) of the Credit Agreement) upon or with respect to any property or assets now
owned or hereafter acquired by any such Domestic Subsidiary except, in the case of clauses (b)(i)
through (b)(iii) above, for any of the foregoing that could not reasonably be expected to result in
a Material Adverse Effect or materially and adversely affect the rights or interests of the Lenders
under the Loan Documents.

4. The execution, delivery and performance of each Loan Document by each Foreign Subsidiary on
the date hereof, and the consummation of the transactions contemplated thereby will not (a) violate
(i) any applicable federal or Illinois State law, statute, rule or regulation, the DGCL or any
order of any federal or Illinois State Governmental Authority with jurisdiction over any such
Foreign Subsidiary or its properties or the Chancery Court, appellate courts or Secretary of State
of the State of Delaware or (ii) any provision of any indenture or other material agreement or
instrument known to me to which any such Foreign Subsidiary is a party or by which it or any of its
property may be bound, (b) result in a default under any such indenture, agreement or other
instrument or (c) result in the creation or imposition of any Lien (other than Liens permitted
under Section 7.3(C) of the Credit Agreement) upon or with respect to any property or assets now owned or hereafter acquired by any such Foreign Subsidiary
except, in the case of clauses (a) through (c) above, for any of the foregoing that could not
reasonably be expected to result in a Material Adverse Effect or materially and adversely affect
the rights or interests of the Lenders under the Loan Documents.

 

 

 

July 23, 2010

Page 10

5. The Company, each Domestic Subsidiary and each Foreign Subsidiary have duly executed and
delivered each Loan Document to which such Person is a party. Each such Loan Document constitutes
the legal, valid and binding obligation of each such Domestic Subsidiary, enforceable against such
Domestic Subsidiary in accordance with its terms subject to applicable bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium, or other laws affecting creditors’ rights
generally and subject to general principles of equity, regardless of whether considered in a
proceeding in equity or at law.

6. No consent or approval of, registration or filing with, or any other action by any federal
or Illinois State Governmental Authority with jurisdiction over the Company or the Subsidiaries or
the Chancery Court, or appellate courts or Secretary of State of the State of Delaware is or will
be required in connection with the execution, delivery or performance by the Company and the
Subsidiaries of each Loan Document to which such Person is a party or the consummation of the
transactions thereby, other than any such authorizations and approvals as have already been
obtained and are in full force and effect according to federal or Illinois law or the DGCL.

7. To the best of my knowledge, there are no pending or threatened actions, suits or
proceedings at law or in equity or by or before any federal, Illinois or Delaware Governmental
Authority against or affecting the Company, any Domestic Subsidiary, any Foreign Subsidiary or any
business, property or rights of any such Person that involve any Loan Documents or the transactions
contemplated thereby.

8. None of the Company or any of the Subsidiaries is an investment company or a company
controlled by an investment company within the meaning of the Investment Company Act of 1940.

My opinions set forth above are subject to the following qualifications:

A. The enforceability of the Loan Documents is subject to (i) applicable bankruptcy,
insolvency, reorganization, fraudulent conveyance or transfer, moratorium or other laws affecting
creditor’s rights generally and (ii) general principles of equity (regardless of whether considered
in a proceeding in equity or at law).

B. I express no opinion as to the Lenders’ right to collect any payment to the extent that
such payment constitutes a penalty, forfeiture or late charge.

C. I express no opinion as to the applicability of Section 548 of the Federal Bankruptcy Code
or of any provisions of any state fraudulent conveyance statute or law to the transactions
contemplated by the Loan Documents.

 

 

 

July 23, 2010

Page 11

The foregoing opinions are limited to matters involving the federal laws of the United States,
the laws of the State of Illinois and the DGCL, and I do not express any opinion as to the laws of
any other jurisdiction.

This opinion is rendered solely to, and is intended solely for the benefit of, the
Administrative Agent and the Lenders, in connection with the transactions contemplated by the Loan
Documents. This opinion may not be relied upon by the Administrative Agent or any of the Lenders or
any of their respective successors and assigns for any other purpose, or by any other person, firm
or corporation for any purpose, in each case without my prior written consent.

Very truly yours,

David A. Delman

General Counsel

 

 

 

ANNEX A

Domestic Subsidiary Borrowers

Chicago Bridge & Iron Company (Delaware)

Chicago Bridge & Iron Company

CB&I Inc.

CBI Services, Inc.

CB&I Tyler Company

Foreign Subsidiary Borrowers

Chicago Bridge & Iron Company B.V.

 

 

 

EXHIBIT E-2

TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

Form of Company’s Foreign Counsel’s Opinion(s)

Attached

 

 

 

To: the Lenders from time to time party to the Credit Agreement referred to below

Attention: JPMorgan Chase Bank, National Association, as Administrative Agent

Dear Sirs:

We have acted as special Netherlands legal counsel to each of Chicago Bridge & Iron Company N.V.
(the “Company”) and Chicago Bridge & Iron Company B.V. (“CB&I B.V.”; together with the Company,
the “Companies”), each with its registered office in Amsterdam, with respect to certain matters of
Netherlands law relating to the Third Amended and Restated Credit Agreement, dated the date hereof
(the “Credit Agreement”) among the Company; CB&I B.V. and certain other subsidiaries of the
Company as Subsidiary Borrowers; certain financial institutions named therein as Lenders; JPMorgan
Chase Bank, National Association, as Administrative Agent; Bank of America, National Association,
as Syndication Agent; [                    ] as Documentation Agents; and J.P. Morgan Securities Inc. and Bank
of America Securities LLC as Joint Lead Arrangers and Joint Book Runners.

In arriving at the opinions expressed below, we have examined and relied on the following
documents:

	 	a.	 	an executed copy of the Credit Agreement furnished to us by yourselves;

	 	b.	 	an excerpt, dated July 14, 2010, of the registration of the Company in the Trade
Register of the Chamber of Commerce of Amsterdam (the “Trade Register”), confirmed to us
to be unchanged in all respects material for rendering this opinion by telephone
communication from the Trade Register on the date hereof (the “Company Excerpt”);

	 	c.	 	a copy of the deed of incorporation (akte van oprichting) of the Company,
dated November 22, 1996 (the “Company Deed of Incorporation”);

	 	d.	 	a copy of the articles of association (statuten) of the Company, represented
by the management of the Company to be a true and correct copy of the articles of
association of the Company as in force on the date hereof (the “Company Articles”);

	 	e.	 	an excerpt, dated July 14, 2010, of the registration of CB&I B.V. in the Trade
Register, confirmed to us to be unchanged in all respects material for rendering this
opinion by telephone communication from the Trade Register on the date hereof (the “CB&I
B.V. Excerpt”; together with the Company Excerpt, the “Excerpts”);

	 	f.	 	a copy of the deed of incorporation (akte van oprichting) of CB& I B.V., dated
March 17, 1997 (the “CB&I B.V. Deed of Incorporation”);

 

 

 

July 23, 2010

Page 15

	 	g.	 	a copy of the articles of association (statuten) of CB&I B.V., represented by
the management of the Company to be a true and correct copy of the articles of
association of CB&I B.V. as in force on the date hereof (the “CB&I B.V. Articles”);

	 	h.	 	a written resolution of the Board of Directors (directie) of the Company,
reflecting the approval of the execution, delivery and performance by the Company of the
Credit Agreement (the “Company Management Board Resolutions”);

	 	i.	 	a written resolution of the Supervisory Board (raad van commissarissen) of the
Company, reflecting the approval of the execution, delivery and performance by the Company
of the Credit Agreement (the “Supervisory Board Resolutions”);

	 	j.	 	written resolutions of the Board of Directors (directie) of CB&I B.V.,
reflecting the approval of the execution, delivery and performance by CB&I B.V. of the
Credit Agreement (the “CB&I B.V. Management Board Resolutions”; together with the Company
Management Board Resolutions the “Management Board Resolutions”);

	 	k.	 	a copy of a directors certificate of the Company, dated July 21, 2010, signed by CB&I
B.V., the sole director of the Company (the “Company Management Certificate”);

	 	l.	 	a copy of a directors certificate of CB& I B.V., dated July 21, 2010, signed by a
director of CB&I B.V. (the “CB& I B.V. Management Certificate”; together with the Company
Management Certificate, the “Management Certificates”); and

	 	m.	 	a resolution of the sole shareholder of CB&I B.V., approving the execution, delivery
and performance of the Credit Agreement by CB&I B.V. (the “Shareholders Resolution”).

Capitalized terms used but not defined in this opinion are used herein as they are defined or
used in the Credit Agreement.

In examining and describing the documents listed at a. through m. above and in giving the
opinions stated below, we have, with your permission, assumed the following:

	 	(i)	 	the genuineness of all signatures on all documents;

	 	(ii)	 	the authenticity and completeness of all documents submitted to us as originals and the
conformity to authentic originals of all conformed, copied, faxed or specimen documents;

 

 

 

July 23, 2010

Page 16

	 	(iii)	 	that all information supplied to us orally by public officials and all certificates of
public officials submitted to us are true and correct in all respects;

	 	(iv)	 	the reliability of all search results obtained by electronic data transmission and the
accuracy of the results of any printed or computer search of offices of public record;

	 	(v)	 	that the information set forth in each of the Excerpts is true and correct as of the
date hereof. Although not constituting conclusive evidence thereof, this assumption is
supported by telephonic inquiries made to the Trade Register today;

	 	(vi)	 	that the Company Articles are the articles of association (statuten) of the
Company as in force on the date hereof. Although not constituting conclusive evidence
thereof, this assumption is supported by the fact that the date of the last amendment to
the articles of association of the Company as shown on the Company Excerpt corresponds with
the date shown in the Company Articles as the last date of amendment of the articles of
association of the Company;

	 	(vii)	 	that the CB&I B.V. Articles are the articles of association (statuten) of CB&I
B.V. as in force on the date hereof. Although not constituting conclusive evidence thereof,
this assumption is supported by the fact that the date of the last amendment to the
articles of association of CB&I B.V. as shown on the CB&I B.V. Excerpt corresponds with the
date shown in the CB&I B.V. Articles as the last date of amendment of the articles of
association of CB&I B.V.;

	 	(viii)	 	that none of the Management Board Resolutions, the Supervisory Board Resolutions or the
Shareholders Resolutions have been or will be revoked, amended, declared null and void
(nietig verklaard) or rescinded (vernietigd);

	 	(ix)	 	that the Company Deed of Incorporation is a notarial deed (authentieke akte),
that the contents thereof are correct and complete and that there are no defects in the
incorporation of the Company, not appearing on the face of the Company Deed of
Incorporation, on the basis of which a court might dissolve the Company;

	 	(x)	 	that the CB& I B.V. Deed of Incorporation is a notarial deed (authentieke
akte), that the contents thereof are correct and complete and that there are no defects
in the incorporation of CB& I B.V., not appearing on the face of the CB&I B.V. Deed of
Incorporation, on the basis of which a court might dissolve CB&I B.V.;

	 	(xi)	 	that neither of the Companies has passed a resolution to voluntarily dissolve
(ontbinden), merge (fuseren) or de-merge (splitsen) and no petition
has been presented to or order made by a court for the bankruptcy (faillissement)
or moratorium of payment (surséance van betaling) of either of the Companies and no
receiver, trustee, administrator (bewindvoerder) or similar officer has been
appointed in respect of either of the Companies or their respective assets and that no
decision has been taken to dissolve (ontbinden) either of the Companies by (i) the
competent Chamber of Commerce under Article 19a Book 2 of the Dutch Civil Code or (ii) the
competent District Court (rechtbank) under Article 21 Book 2 of the Dutch Civil
Code. Although not constituting conclusive evidence thereof, this assumption is supported
by information obtained by telephone today from (i) the Bankrupty Clerk’s Office
(faillissementsgriffie) of the District Court (rechtbank) of Amsterdam
(being the competent bankruptcy court in respect of each of the Companies in view of their
corporate seats being at Amsterdam) and (ii) the Trade Register;

 

 

 

July 23, 2010

Page 17

	 	(xii)	 	that each party to the Credit Agreement (other than the Companies) has been duly
incorporated and organized and is validly existing and in good standing (where such
concept is legally relevant) under the laws of its jurisdiction of incorporation and
of the jurisdiction of its principal place of business;

	 	(xiii)	 	(i) that the Credit Agreement has been duly authorized and validly executed and
delivered by all parties thereto (other than the Companies) and (ii) that under any
applicable law (other than insofar as the Companies are concerned the laws of The
Netherlands) the Credit Agreement constitutes the valid and binding obligation of each of
the parties thereto, enforceable against each of such parties in accordance with its terms;

	 	(xiv)	 	that neither the Credit Agreement nor any of the transactions contemplated thereby or
connected therewith (whether individually or seen as a whole) are or will result in a
breach of the laws of any relevant jurisdiction other than that of The Netherlands
(including for the avoidance of doubt the tax laws of any such jurisdiction) or are
intended to avoid the applicability or the consequences of such laws in a manner that is
not permitted thereunder;

	 	(xv)	 	that all the factual statements contained in the Management Certificates are true and
correct as of the date hereof;

	 	(xvi)	 	that all necessary licenses, authorizations, permissions, consents and exemptions by
or from any public or semipublic authority or agency of any country other than The
Netherlands (“Governmental Authorizations”), and all payments of stamp duties or other
taxes under the laws of any country other than The Netherlands, which may be required in
connection with the execution, delivery and performance by the parties thereto of the
Credit Agreement and any transaction contemplated therein, have been obtained or made and
in the case of Governmental Authorizations are in full force and effect;

	 	(xvii)	 	that under the laws of the State of Illinois to which the Credit Agreement is expressed
to be subject, and under all other relevant laws (other than those of The Netherlands):

	 	(a)	 	the choice of the laws of the State of Illinois as the governing
law of the Credit Agreement is a valid and binding choice of law; and

	 	(b)	 	the submission by the Companies to the exclusive jurisdiction of
the state or federal courts located in Chicago, Illinois, in or pursuant to the
Credit Agreement is valid and binding upon each of the Companies;

 

 

 

July 23, 2010

Page 18

	 	(xviii)	 	that there are no dealings between the parties thereto that affect the Credit Agreement;
and

	 	(xix)	 	that at the time of execution of the Shareholders Resolution (a) Lealand Finance B.V.
was the sole shareholder of CB&I B.V., (b) none of the shares in the capital of CB&I B.V.
were subject to any pledge or usufruct pursuant to which voting rights were transferred to
the pledgee or usufructuary and (c) no depositary receipts (certificaten) had been
issued with respect to the shares of CB&I B.V. with the cooperation of CB&I B.V.

We have undertaken no independent factual investigation in connection with the opinions expressed
herein or the transactions contemplated by the Credit Agreement other than to review the documents
listed at a. through m. above. Specifically, we have relied as to factual matters on our review of
the documents listed at a. through m. above and on the factual assumptions made herein. Our
examination referred to above has been limited to the face of the documents and we have not
examined the meaning and effect of any document governed by a law other than Dutch law.

Except as specifically mentioned herein, we have not conducted or caused to be conducted any
searches, investigations or reviews relating to any judgment, rule, regulation, order,
encumbrance, lien or third-party interest to which either of the Companies is subject or by which
their respective properties and assets are bound or any litigation or governmental proceedings
commenced, pending or threatened against or affecting either of the Companies or their respective
properties, interests, rights, assets or undertakings.

We have not been concerned with investigating or verifying the completeness or accuracy of the
facts, representations and warranties set out in the Credit Agreement (except to the extent
specifically set forth herein) and to the extent that the accuracy of such facts and warranties or
of any facts stated in any other document on which we have relied in giving this opinion is
relevant to the contents of this opinion, we have (except to the extent specifically set forth
herein) assumed that such facts are correct.

We do not express an opinion on matters of fact; matters of international law, including, without
limitation, the laws of the European Union except to the extent the laws of the European Union
have direct force and effect in The Netherlands; anti-trust law; or any matter of taxation. No
opinion is given on commercial, accounting or non-legal matters or on the ability of the parties
to meet their financial obligations under the Credit Agreement.

 

 

 

July 23, 2010

Page 19

Based on the foregoing, and subject to any facts, circumstances or documents not disclosed to us,
and subject to the further limitations, qualifications, assumptions, exclusions and exceptions set
forth herein, we are of the opinion that:

	A.	 	The Company has been duly incorporated and is validly existing as a limited liability
company (naamloze vennootschap) under the laws of The Netherlands. CB&I B.V. has been
duly incorporated and is validly existing as a private limited liability company
(besloten vennootschap met beperkte aansprakelijkheid) under the laws of The
Netherlands.

	B.	 	Each of the Companies has the corporate power and corporate authority to execute and deliver
the Credit Agreement and to perform its contractual obligations thereunder. The execution,
delivery and performance by each of the Companies of the Credit Agreement have been duly
authorized by all requisite corporate action on the part of such Company. The Credit
Agreement has been duly executed and delivered by each of the Companies.

	C.	 	Neither (i) the execution and delivery by each of the Companies of the Credit Agreement nor
(ii) the performance by each of the Companies of its contractual obligations under
the Credit Agreement, requires any consent, approval or authorisation of any national
governmental or regulatory authority of The Netherlands.

	D.	 	Under the laws of The Netherlands, there is no requirement that the Credit Agreement or any
other document be filed or registered, or that any similar formalities be complied with, in
any public office in The Netherlands in order to ensure the validity, binding effect or
enforceability of the Credit Agreement against each of the Companies in legal proceedings in
The Netherlands or the admissibility into evidence of the Credit Agreement in such
proceedings.

	E.	 	Neither (i) the execution and delivery by each of the Companies of the Credit Agreement nor
(ii) the performance by each of the Companies of its contractual obligations under the Credit
Agreement, violates or conflicts with the provisions of any published law, rule or regulation
of general application of The Netherlands. Neither (i) the execution and delivery by the
Company of the Credit Agreement nor (ii) the performance by the Company of its contractual
obligations under the Credit Agreement, violates or conflicts with any of the provisions of
the Company Articles. Neither (i) the execution and delivery by CB& I B.V. of the Credit
Agreement nor (ii) the performance by CB& I B.V. of its contractual obligations under the
Credit Agreement, violates or conflicts with any of the provisions of the CB& I B.V.
Articles.

	F.	 	The choice of the laws of the State of Illinois as the law governing the Credit Agreement is
valid and binding upon each of the Companies under the laws of The Netherlands, and
accordingly the Credit Agreement constitutes, in a proceeding before the courts of The
Netherlands duly applying the laws of the State of Illinois, the valid and legally binding
obligation of each of the Companies, enforceable against each of the Companies in accordance
with its terms, subject to such exceptions to the legal, valid and binding obligation thereof
and to the enforceability thereof as exist under the laws of the State of Illinois.

 

 

 

July 23, 2010

Page 20

	G.	 	The submission by the Companies to the exclusive jurisdiction of the state or federal courts
located in Chicago, Illinois, pursuant to Section 11.13(A) of the Credit Agreement, is valid
and binding upon each of the Companies under the laws of The Netherlands, insofar as the laws
of The Netherlands are applicable, except that such submission to jurisdiction will not be
given effect with respect to claims for relief in summary proceedings (kort geding)
before the provisional remedies judge (voorzieningenrechter) of a competent court in
The Netherlands.

	H.	 	In the absence of an applicable treaty between The Netherlands and the United States of
America, a judgment rendered by a court in the State of Illinois will not be directly
enforceable in The Netherlands. In order to obtain a judgment which is enforceable in The
Netherlands, the claim must be reheard on its merits before a competent court in The
Netherlands. However (i) a final judgment (which is a judgment not subject to being contested
by appeal or other means) for the payment of money (other than a judgment for the payment of
a fine or penalty or for the payment of punitive damages, as to which we express no opinion)
rendered against a Company, in respect of a breach by that Company of its payment obligations
under the Credit Agreement by a state or federal court located in Chicago, Illinois, acting
pursuant to the acceptance by the relevant Company of the
exclusive jurisdiction of such court pursuant to Section 11.13(A) of the Credit Agreement,
will under current practice be recognised by a Dutch court if (1) such judgment results
from proceedings compatible with Dutch concepts of due process, (2) such judgment and its
enforcement do not violate the public policy of The Netherlands, (3) the court that
rendered such judgment (x) had jurisdiction under the relevant laws applicable in the State
of Illinois and (y) did not assume jurisdiction on grounds incompatible with
internationally recognised principles in respect of jurisdictional matters and (4) such
judgment does not conflict with any other final judgment rendered between the same parties
and (ii) the court in The Netherlands that so recognises a judgment granted against a
Company as described in clause (i) of this sentence will under current practice generally
grant the same monetary relief (other than a judgment for the payment of a fine or penalty
or for the payment of punitive damages, as to which we express no opinion) set forth in
such judgment without the necessity for relitigation on the merits.

The opinions expressed herein are subject to the following exceptions, limitations, qualifications
and assumptions:

	 	(i)	 	The use of the terms “enforceable”, “enforceability”, “valid”, “binding” and
“effective” where used in paragraphs A. through H. above means that the obligations
assumed by the relevant party under the relevant agreement are of a type which Dutch law
generally recognizes or enforces; it does not mean that these obligations will necessarily
be enforced in all circumstances in accordance with their terms. In particular,
enforcement before the courts of The Netherlands will in any event be subject to the
matters set forth in paragraphs (ii) through (xviii) below.

 

 

 

July 23, 2010

Page 21

	 	(ii)	 	The opinions expressed herein may be affected or limited by and are subject in all
respects to the provisions of applicable law concerning bankruptcy
(faillissement), insolvency, fraudulent conveyance (actio Pauliana),
preferential transfers (e.g. Article 47 Faillissementswet), moratorium (surséance van
betaling), setoff, abatement (matiging), counterclaim, statute of limitations
(verjaring) and compulsory dissolution (ontbinding), and other laws now or
hereafter in effect, relating to or affecting the rights and remedies of creditors
generally.

	 	(iii)	 	The rights and obligations of the parties to the Credit Agreement are, to the extent
that the laws of The Netherlands are applicable and also possibly in the event that
enforcement by a court in The Netherlands of the Credit Agreement, or of a judgment
rendered against either of the Companies based on the Credit Agreement, is sought, subject
to the principles of reasonableness and fairness (beginselen van redelijkheid en
billijkheid), which under Dutch law govern the relationship between the parties to a
contract and which in certain circumstances may limit or preclude the reliance on, or
enforcement of, contractual terms and provisions.

	 	(iv)	 	The enforcement in The Netherlands of the Credit Agreement would be subject to the
rules of civil procedure as applied by the Dutch courts.

	 	(v)	 	Specific performance (reële executie) and other remedies analogous to common
law equitable remedies such as injunctive relief may not always be available under Dutch
law.

	 	(vi)	 	A provision which stipulates that certain documents constitute conclusive evidence may
not be enforceable in all circumstances.

	 	(vii)	 	Under Article 109, Book 6, of the Dutch Civil Code the court has the power under
certain circumstances to reduce the amount of damages that would otherwise be payable by a
party to an agreement for failure to comply with the provisions of such agreement.

	 	(viii)	 	If a specific provision in the Credit Agreement permits concurrent proceedings to be
brought in different jurisdictions at the same time relating to the same subject matter
such provision may not be enforceable in The Netherlands.

	 	(ix)	 	Article 242 of the Dutch Code of Civil Procedure may limit the enforcement in
proceedings before a Dutch court of contractual provisions providing for indemnification
for attorney’s fees and collection costs (buitengerechtelijke kosten).

 

 

 

July 23, 2010

Page 22

	 	(x)	 	Under Dutch law each power of attorney (volmacht) or mandate
(lastgeving) (including all appointments of process agents or other agents or
attorneys-in-fact), whether or not by its terms stated to be irrevocable, granted by
either of the Companies, expressly or by implication, in the Credit Agreement will
terminate without notice by force of law upon bankruptcy of such Company or, as the case
may be, of the person to whom the power of attorney (volmacht) or mandate
(lastgeving) is granted.

	 	(xi)	 	Powers of attorney granted by either of the Companies can only be exercised with the
cooperation of the court-appointed administrator (bewindvoerder) in the event such
Company is granted a suspension of payments (surséance van betaling).

	 	(xii)	 	The validity of the Credit Agreement may be affected by the provisions of Sections
3:45-3:48 of the Dutch Civil Code (to which Sections 42 through 45 of the Dutch Bankruptcy
Act correspond in case of bankruptcy). These provisions grant to creditors, including
future creditors, and the receiver in bankruptcy (curator), the right to challenge
the validity of certain transactions if (i) such transactions are entered into by a debtor
without a legal obligation to do so, (ii) the rights of one or more present or future
creditors of the debtor are thereby prejudiced and (iii) at the time such transaction was
entered into the debtor knew or reasonably should have known that the rights of one or
more other present or future creditors of the debtor would be prejudiced by such
transaction.

	 	(xiii)	 	The opinions expressed in paragraph F. above are subject to the following exceptions and
qualifications: (1) The choice of the laws of the State of Illinois as the law governing
the Credit Agreement will not be recognized as valid and binding under the laws of The
Netherlands, insofar as the laws of The Netherlands are applicable, to the extent that (a)
any provision of the Credit Agreement or (b) any
provision of the laws of the State of Illinois applicable to the Credit Agreement, is
manifestly incompatible with the public policy of The Netherlands. (2) Regardless of
the law which the parties to a contract have chosen as the governing law with respect
thereto, a court of The Netherlands may give effect to mandatory rules of the laws of
another jurisdiction with which the situation has a close connection, if and insofar
as under the laws of that other jurisdiction those rules must be applied regardless of
the law which would otherwise be applicable. (3) Regardless of the law which the
parties to a contract have chosen as the governing law with respect thereto, the
courts of The Netherlands will apply the laws of The Netherlands in a situation where
under Dutch law application of such laws is mandatory. (4) The courts of The
Netherlands will take into account the law of the country in which performance of an
obligation occurs or is to occur in relation to (a) the manner of performance of such
obligation and (b) the measures required to be taken by the obligee in the event of
failure to perform such obligation.

 

 

 

July 23, 2010

Page 23

	 	(xiv)	 	The service of process against either of the Companies other than by personal
delivery by a bailiff of the Dutch courts (gerechtsdeurwaarder) may not be
considered by a Dutch court to constitute valid service of process, notwithstanding any
provision to the contrary in the Credit Agreement.

	 	(xv)	 	Any provision of the Credit Agreement stating that the rights and obligations
thereunder shall bind or enure to the benefit of any assignee of any party thereto may not
be enforceable in The Netherlands in the absence of further agreements to that effect with
such assignee.

	 	(xvi)	 	Any provisions of the Credit Agreement providing for indemnification by a Company of
any other party, or for waiver by a Company of any claim against another party, will not
be enforceable under the laws of The Netherlands to the extent that as a result of
enforcement of such provision a party to the Credit Agreement other than a Company would
not be liable for, or would be entitled to indemnification for, such other party’s own
intentional misconduct (opzet) or gross negligence (grove schuld).

	 	(xvii)	 	Dutch law does not recognize the concept of ownership of property by a trustee for the
benefit of third persons. Accordingly, any trusts purported to be created pursuant to any
provision of the Credit Agreement would not be recognized under the laws of The
Netherlands and would not be enforced in legal proceedings before a court in The
Netherlands.

	 	(xviii)	 	Under the laws of The Netherlands an agreement by a company may be void on the grounds
of ultra vires if it is not in the interest of the company to enter into such agreement,
even if the agreement clearly falls within the scope of the literal wording of the objects
clause of the company’s articles of association. While the case law on this issue is
limited, a guarantee of, assumption of liability for, or granting of other security for,
obligations of companies other than direct or indirect majority-owned subsidiaries of the
company issuing a guarantee or granting other security may be particularly vulnerable to
challenge on this grounds. In the present case we assume that CB&I B.V. may derive
benefits from the transactions contemplated by the
Credit Agreement, taken as a whole. Whether such benefit is sufficient to make
entering into the Credit Agreement by CB&I B.V. in its “corporate interest” is a
highly fact-specific question on which we express no opinion. We note that in any
event the objects clause included in the CB&I B.V. Articles does specifically include
the granting of security and issuance of guarantees for the benefit of group companies
and third parties in general, including companies other than direct or indirect
majority-owned subsidiaries of CB&I B.V.

 

 

 

July 23, 2010

Page 24

We express no opinion concerning

	 	[a]	 	the validity, enforceability or effectiveness in proceedings in the
courts of The Netherlands of any security interest purported to be created by the
Credit Agreement;

	 	[b]	 	the provisions of Section 10.3 (e), (h) and (k) of the Credit
Agreement, of the last sentence of Section 10.3 of the Credit Agreement and of
Section 10.4 of the Credit Agreement insofar as pursuant to those provisions the
Company purports to waive any defenses available to it pursuant to mandatory
provisions of Dutch law;

	 	[c]	 	the enforceability in proceedings before the Dutch courts of the
second sentence of Section 11.13(B) of the Credit Agreement; or

	 	[d]	 	the provisions of the second sentence of Section 11.15 of the Credit
Agreement, to the extent such provision relates to liens and security interests
created by Dutch law.

This opinion speaks as of the date hereof, and we make no undertaking to supplement such opinions
if facts and circumstances (including, without limitation, amendments to the Credit Agreement) come
to our attention, or changes in the law occur, which could affect such opinion.

This opinion:

	1.	 	expresses and describes Dutch legal concepts in English and not in their original Dutch
terms; these concepts may not be identical to the concepts described by the English
translations; this opinion may therefore be relied upon only on the express conditions (x)
that such opinion and any issues of interpretation or liability arising thereunder shall be
governed by, and that all words and expressions used herein shall be construed and interpreted
in accordance with, the laws of The Netherlands and (y) that any issues of interpretation or
liability arising hereunder shall also be governed by Dutch law and shall be brought
exclusively before a Dutch court;

	2.	 	is strictly limited to the matters set forth herein and no opinion may be inferred or implied
beyond that expressly stated herein; and

	3.	 	is furnished as of its date pursuant to Section 5.1(v) of the Credit Agreement and may be
relied upon solely by the addressees hereof and may not be relied upon by or furnished,
circulated or quoted to, or used or referred to or filed with, any other person, or by any
person in any other context, without our express written consent. A copy may, however, be
provided to (i) your legal advisers solely for the purpose of the Credit Agreement and of giving
their opinions in connection therewith and subject to the restrictions set forth in this
paragraph 3, (ii) bank examiners and regulators in connection with their review of your
activities and (iii) prospective participants and assignees under the Credit Agreement subject
to the restrictions set forth in this paragraph 3.

 

 

 

July 23, 2010

Page 25

We express no opinion on any laws other than the law of The Netherlands as it stands and has been
interpreted in printed case law of the courts of The Netherlands as of the date of this opinion. In
particular, without limiting the generality of the foregoing we express no opinion concerning
whether or under what circumstances or with what result a court sitting outside The Netherlands
would or might apply Dutch law.

This opinion is given on behalf of Baker & McKenzie Amsterdam N.V. and not on behalf of or by any
other office or associated firm of the Swiss Verein Baker & McKenzie International. In this opinion
the expressions “we”, “us”, “our” and like expressions should be construed accordingly.

Yours sincerely,

Baker & McKenzie Amsterdam N.V.

 

 

 

July 23, 2010

Page 26

EXHIBIT E-3

TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

List of Closing Documents

 

 

 

$1,100,000,000

CREDIT FACILITY

TO

CHICAGO BRIDGE & IRON COMPANY N.V.

July 23, 2010

LIST OF CLOSING DOCUMENTS6

LOAN AND SECURITY DOCUMENTS

Third
Amended and Restated Credit Agreement (the “Credit Agreement”) by and among Chicago Bridge &
Iron Company N.V., a corporation organized under the laws of The Kingdom of the Netherlands (the
“Company”), and one or more subsidiaries of the company (whether now existing or hereafter formed,
the “Subsidiary Borrowers”; together with the Company, the “Borrowers”), the institutions from time
to time parties thereto as lenders (the “Lenders”), and JPMorgan Chase Bank, National Association,
in its capacity as contractual representative capacity (the “Administrative Agent”), evidencing a
$1,100,000,000 revolving credit facility to the Borrowers from the Lenders.

EXHIBITS

	 	 	 	 	 
	EXHIBIT A-1

	 	—
	 	Commitments
	EXHIBIT A-2

	 	—
	 	Issuing Banks
	EXHIBIT A-3

	 	—
	 	Mandatory Costs
	EXHIBIT B

	 	—
	 	Form of Borrowing/Election Notice
	EXHIBIT C

	 	—
	 	Form of Request for Letter of Credit
	EXHIBIT D

	 	—
	 	Form of Assignment and Acceptance Agreement
	EXHIBIT E-1

	 	—
	 	Form of Company’s US Counsel’s Opinion
	EXHIBIT E-2

	 	—
	 	Form of Company’s Foreign Counsel’s Opinion
	EXHIBIT E-3

	 	—
	 	List of Closing Documents
	EXHIBIT E-4

	 	—
	 	Form of Counsel’s Opinion for Subsidiary
Borrowers
	EXHIBIT F

	 	—
	 	Form of Officer’s Certificate

 

	 	 	 
	6	 	Capitalized terms used herein and not defined herein
shall have the meanings assigned to such terms in the Credit Agreement, as
applicable.

 

 

 

July 23, 2010

Page 28

	 	 	 	 	 
	EXHIBIT G

	 	—
	 	Form of Compliance Certificate
	EXHIBIT H

	 	—
	 	Form of Subsidiary Guaranty
	EXHIBIT I

	 	—
	 	Form of Revolving Loan Note
	EXHIBIT J

	 	—
	 	Form of Assumption Letter
	EXHIBIT K

	 	—
	 	Form of Designation Agreement
	EXHIBIT L

	 	—
	 	Form of Commitment and Acceptance

SCHEDULES

	 	 	 
	SCHEDULE 1.1.1

	 	Permitted Existing Indebtedness
	SCHEDULE 1.1.2

	 	Permitted Existing Investments
	SCHEDULE 1.1.3

	 	Permitted Existing Liens
	SCHEDULE 1.1.4

	 	Permitted Existing Contingent Obligations
	SCHEDULE 1.1.5

	 	Material Subsidiaries and Foreign Subsidiaries
that are not Excluded Foreign Subsidiaries
	SCHEDULE 3.2

	 	Transitional Letters of Credit
	SCHEDULE 6.4

	 	Pro Forma Financial Statements
	SCHEDULE 6.7

	 	FTC Litigation
	SCHEDULE 6.8

	 	Subsidiaries
	SCHEDULE 6.9

	 	Pensions and Post-Retirement Plans
	SCHEDULE 6.17

	 	Environmental Matters
	SCHEDULE 7.3(N)

	 	Subsidiary Covenants
	SCHEDULE 7.3(S)

	 	Permitted Restricted Payments

	•	 	Annex I Joinder to the Subsidiary Guaranty, executed by certain new Subsidiary Guarantors.

	•	 	Reaffirmation (the “Reaffirmation”) executed by each of the Subsidiary Guarantors, in favor
of the Administrative Agent.

	•	 	Revolving Loan Notes executed by each Borrower in favor of any Lender which has requested a
note pursuant to Section 2.12 of the Credit Agreement in the aggregate principal
amount of each such Lender’s Commitment under the Credit Agreement.

• CORPORATE DOCUMENTS

	•	 	Certificates of the Secretary or Assistant Secretary of each of the Borrowers certifying:
(i) the resolutions of the Board of Directors (or other similar governing body) of such
Borrower authorizing, inter alia, the execution, delivery and performance of
each document to which it is a party; and the names and true signatures of the incumbent
officers of such Borrower authorized to sign the documents to which it is a party and
authorized to request Advances or Letters of Credit under the Credit Agreement, and (ii) with
respect to any Borrower that is organized under the laws of any State in the United States of
America, a copy of the By-laws for such Borrower.

 

 

 

July 23, 2010

Page 29

	•	 	Articles of Incorporation of each Borrower certified as of recent date by the appropriate
governmental officer in the jurisdiction of incorporation for each such Borrower.

	•	 	Good Standing Certificate for each Borrower certified as of recent date by the appropriate
governmental officer in the jurisdiction of incorporation for each such Borrower.

• OPINIONS

	•	 	Opinion of General Counsel of the Borrowers and the Subsidiary Guarantors with respect to
the Credit Agreement and the Reaffirmation.

	•	 	Opinion of Dutch Counsel of the Company with respect to the Credit Agreement.

• CLOSING CERTIFICATES AND MISCELLANEOUS

	•	 	Officer’s Certificate of the Company certifying that on the closing date and initial
Borrowing Date (a) all the representations in the Credit Agreement are true and correct
(unless such representation and warranty is made as of a specific date, in which case, such
representation and warranty shall be true and correct as of such date), (b) no Default or
Unmatured Default has occurred and is continuing and (c) there exists no injunction or
temporary restraining order which would prohibit the making of the Loans, the issuance of the
Letters of Credit or the consummation of the other transactions contemplated by the Loan
Documents or any litigation seeking such an injunction or restraining order.

 

 

 

EXHIBIT E-4

TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

Form of Counsel’s Opinion for Subsidiary Borrowers

See Exhibit E-1

 

 

 

July 23, 2010

Page 31

EXHIBIT F

TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

Form of Officer’s Certificate

I, the undersigned, hereby certify that I am the
                     of CHICAGO BRIDGE & IRON
COMPANY B.V., which is the Managing Director of Chicago Bridge & Iron Company, N.V., a corporation
duly organized and existing under the laws of the Kingdom of the Netherlands (the
“Company”). Capitalized terms used herein and not otherwise defined herein are as defined
in that that certain Third Amended and Restated Credit Agreement dated as of July 23, 2010 by and
among the Company, the Subsidiary Borrowers from time to time parties thereto, the financial
institutions from time to time parties thereto as lenders (the “Lenders”) and JPMorgan
Chase Bank, N.A., as contractual representative for itself and the other Lenders (the
“Administrative Agent”) (as the same may be amended, restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”).

I further certify on behalf of the Company, that as of the date hereof, to the best of my
knowledge, after diligent inquiry of all relevant persons at the Company and its respective
Subsidiaries, no Default or Unmatured Default exists [other than the following (describe the nature
of the Default or Unmatured Default and the status thereof)].

IN WITNESS WHEREOF, I hereby subscribe my name on behalf of the Company on this
_____ day of
                    ,
_____.

	 	 	 	 	 	 	 	 	 
	 	 	CHICAGO BRIDGE & IRON COMPANY N.V.

By: Chicago Bridge & Iron Company B.V., its

Managing Director	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 

 

 

 

EXHIBIT G

TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

Form of Compliance Certificate

Pursuant to Section 7.1(A)(iii) of that certain Third Amended and Restated Credit
Agreement dated as of July 23, 2010 by and among Chicago Bridge & Iron Company N.V. (the
“Company”), the Subsidiary Borrowers from time to time parties thereto (together with the
Company, collectively, the “Borrowers”), the financial institutions from time to time
parties thereto as lenders (the “Lenders”), and JPMorgan Chase Bank, N.A., as contractual
representative for itself and the other Lenders (the “Administrative Agent”) (as the same
may be amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), the Company, through the undersigned
                                        
of Chicago Bridge
& Iron Company B.V., hereby delivers to the Administrative Agent [, together with the financial
statements being delivered to the Administrative Agent pursuant to Section 7.1(A) of the
Credit Agreement,] this Compliance Certificate (the “Certificate”) [for the accounting
period from                     , 20___
to                     , 20___] (the “Accounting Period”).
Capitalized terms used herein shall have the meanings set forth in the Credit Agreement.
Subsection references herein relate to subsections of the Credit Agreement.

THE UNDERSIGNED HEREBY CERTIFIES THAT:

1. I am the duly elected
                                        
of Chicago Bridge & Iron Company B.V., which is the
Managing Director of the Company;

2. I have reviewed the terms of the Credit Agreement and I have made, or have caused to be made
under my supervision, a detailed review of the transactions and conditions of the Borrowers and
their respective Subsidiaries during the Accounting Period covered by the attached financial
statements;

3. The examinations described in paragraph 2 did not disclose, and I have no knowledge of, the
existence of any condition or event which constitutes a Default or Unmatured Default during or at
the end of the Accounting Period covered by the attached financial statements or as of the date of
this Certificate [except as set forth below]; and

4. Schedule I attached hereto sets forth financial data and computations evidencing the Borrowers’
compliance with certain covenants of the Credit Agreement, all of which data and computations are
true, complete and correct.

 

 

 

The foregoing certifications, together with the computations set forth in Schedule I hereto and the
financial statements delivered with this Certificate in support hereof, are made and delivered this
_____ day of                     , 20___.

The Company hereby certifies on behalf of itself and the other Borrowers that the information set
forth herein and on the attached Schedule I hereto is accurate as of                     ,
_____, to the
best of the undersigned officer’s knowledge, after diligent inquiry, and that the financial
statements delivered herewith present fairly the financial position of the Borrowers and their
respective Subsidiaries at the dates indicated and the results of their operations and changes in
their financial position for the periods indicated in conformity with Agreement Accounting
Principles, consistently applied.

Dated                     , __

	 	 	 	 	 	 	 	 	 
	 	 	CHICAGO BRIDGE & IRON COMPANY N.V.

By: Chicago Bridge & Iron Company B.V., its

Managing Director	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	Title:
	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 

 

 

 

SCHEDULE I

to

COMPLIANCE CERTIFICATE

	 	 	 	 	 	 	 	 	 	 	 	 	 
	I.	 	FINANCIAL COVENANTS	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	A.	 	MAXIMUM LEVERAGE RATIO (Section 7.4(A))	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(1	)	 	Adjusted Indebtedness	 	 	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(2	)	 	EBITDA	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(a)
	 	Net Income
	 	 	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(b)
	 	Interest Expense
	 	+
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(c)
	 	Taxes
	 	+
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(d)
	 	Non-recurring non-cash charges

(excluding any such charge to the extent it becomes
a cash charge)
	 	+
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(e)
	 	Extraordinary losses incurred other than in
the ordinary course of business
	 	+
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(f)
	 	Non-recurring non-cash credits
	 	-
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(g)
	 	Extraordinary gains realized other than in
the ordinary course of business
	 	-
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(h)
	 	Joint venture cash distributions

(i.e. cash distributions actually received by the
Company or any Subsidiary from any Person
(other than a Subsidiary) in which the Company or any
Subsidiary has an ownership interest)
	 	+
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(i)
	 	Equity Income

(i.e. the net earnings of any Person (other
than a Subsidiary) in which the Company or any
Subsidiary has an ownership interest)
	 	-
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(j)
	 	EBIT
	 	=
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(k)
	 	Depreciation
	 	+
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(l)
	 	Amortization
	 	+
	 	$___________

 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(m)
	 	Non-cash compensation expenses

under stock option plans
	 	+
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(n)
	 	EBITDA
	 	=
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(3	)	 	“Leverage Ratio” (Ratio of item (1) to (2)(n))	 	 	 	______ to 1.00
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(4	)	 	Maximum Leverage Ratio	 	 	 	2.50 to 1.00
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	B.	 	PRICING RATIO (Section 7.4(A))	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(1	)	 	Adjusted Indebtedness	 	 	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(2	)	 	EBITDA (see A.(2)(n) above)	 	 	 	____________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(3	)	 	“Pricing Ratio” (Ratio of item (1) to (2))	 	 	 	______ to 1.00
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	C.	 	MINIMUM FIXED CHARGE COVERAGE RATIO (Section 7.4(B))	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(1	)	 	Consolidated Net Income Available for Fixed Charges	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(a)
	 	Net Income
	 	 	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(b)
	 	Extraordinary gains
	 	-
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(c)
	 	Extraordinary losses
	 	+
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(d)
	 	Other excluded earnings
	 	-
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(e)
	 	Consolidated Net Income
	 	=
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(f)
	 	Provisions for Income Taxes
	 	+
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(g)
	 	Consolidated Fixed Charges (item 2(c))
	 	+
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(h)
	 	Consolidated Net Income Available for Fixed Charges

(item 1(e) plus 1(f) plus 1(g))
	 	+
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(2	)	 	Consolidated Fixed Charges	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(a)
	 	Consolidated Long-Term Lease Rentals
	 	 	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(b)
	 	consolidated interest expense
	 	+
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	(c)
	 	Consolidated Fixed Charges
	 	=
	 	$___________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(3	)	 	Fixed Charge Coverage Ratio (Ratio of (1)(h) to (2)(c)	 	 	 	_____ to 1.00

 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(4	)	 	Minimum Fixed Charge Coverage Ratio	 	 	 	1.75 to 1.00
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	D.	 	MINIMUM CONSOLIDATED NET WORTH (Section 7.4(C)).	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(1	)	 	State whether Consolidated Net Worth (as defined) was
less than [____________], plus fifty percent (50%) of the sum
of Consolidated Net Income (if positive) calculated separately
for each fiscal quarter commencing with the fiscal quarter
ending on September 30, 2010, plus 75% of the amount by which
stockholders’ equity of the Company is, in accordance with
Agreement Accounting Principles, adjusted from time to time as
a result of the issuance of any Equity Interests after June 30,
2010	 	 	 	Yes/No
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	II.	 	OTHER MISCELLANEOUS PROVISIONS	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	A.	 	SUBSIDIARY INDEBTEDNESS (Section 7.3(A))	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(1	)	 	Aggregate principal amount of unsecured Indebtedness
from Lealand Finance Company B.V. to any Subsidiary of the
Company (other than a Subsidiary Guarantor)

[Maximum: $50,000,000]	 	 	 	$____________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(2	)	 	Aggregate principal amount of other Indebtedness
incurred by the Subsidiaries not otherwise permitted under
Section 7.3(A) [Maximum: $20,000,000][Please attached a
detailed schedule setting forth all such Subsidiary
Indebtedness]	 	 	 	$____________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	B.	 	ASSET SALES (Section 7.3(B))	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(1	)	 	Aggregate book value of assets acquired from Pitt-Des
Moines Inc. and identified in a ruling by the Federal Trade
Commission requiring the divestiture of such assets

[Maximum: $15,000,000]	 	 	 	
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(2	)	 	State whether any asset sales (other than (i) sales of
inventory in the ordinary course of business, (ii) dispositions
of obsolete equipment in the ordinary course, (iii) transfers
of assets between the Company and its wholly-owned Subsidiaries
or between wholly-owned Subsidiaries of the Company not
otherwise prohibited by the Credit Agreement and (iv) Permitted
Sale and Leaseback Transactions pursuant to Section
7.3(B)(iv)), have occurred.	 	 	 	Yes/No
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(3	)	 	If yes, attach as a schedule hereto the details of such
asset sales and calculation of compliance with Section
7.3(B)(vi).	 	 	 	 

 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	C.	 	INVESTMENTS (Section 7.3(D))	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(1	)	 	Aggregate amount of Investments in joint ventures
(other than Subsidiaries) and nonconsolidated Subsidiaries

[Maximum: $200,000,000]	 	 	 	$____________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(2	)	 	Aggregate amount of Investments not otherwise permitted
under Sections 7.3(D)(i) through (ix)

[Maximum: $20,000,000]	 	 	 	$____________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	D.	 	RESTRICTED PAYMENTS (Section 7.3(S))	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(1	)	 	Aggregate amount of Restricted Payments made or paid by the
Company or any Subsidiary during the twelve month period then ended

[Maximum: $100,000,000]	 	 	 	$____________
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	E.	 	MATERIAL SUBSIDIARY CALCULATIONS (Sections 7.2(K) and 7.3(Q))	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Material Subsidiaries	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	(3	)	 	Set forth below is a list of all Material Subsidiaries
of the Company and each other Subsidiary of the Company that
guarantees Indebtedness of the Company. Also set forth below
is an indication of whether such Subsidiaries are parties to
the Subsidiary Guaranty.	 	 	 	 

	 	 	 
	 	 	Signatory to
	 	 	Subsidiary Guaranty
	Name of Material Subsidiaries and Jurisdiction of Formation	 	(Yes/No)
	 
	 	Yes
	 
	 	Yes

 

 

 

EXHIBIT H

TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

Form of Subsidiary Guaranty

Attached

 

 

 

SUBSIDIARY GUARANTY

THIS SUBSIDIARY GUARANTY (this “Guaranty”) is made as of the 22nd day of August, 2003,
by CHICAGO BRIDGE & IRON COMPANY, a Delaware corporation, CHICAGO BRIDGE & IRON COMPANY (DELAWARE),
a Delaware corporation, CB&I TYLER COMPANY, a Delaware corporation, CB&I CONSTRUCTORS, INC., a
Texas corporation, CBI SERVICES, INC., a Delaware corporation, HORTON CBI, LIMITED, a corporation
organized under the laws of Canada, CBI VENEZOLANA, S.A., a corporation organized under the laws
of the Republic of Venezuela, CBI EASTERN ANSTALT, a corporation organized under the laws of the
Principality of Liechtenstein, CBI CONSTRUCTORS PTY, LTD., a corporation organized under the laws
of the Commonwealth of Australia, LEALAND FINANCE COMPANY B.V., a corporation organized under the
laws of the Kingdom of the Netherlands, CB&I (EUROPE) B.V., a corporation organized under the laws
of the Kingdom of the Netherlands, ARABIAN GULF MATERIAL SUPPLY COMPANY, LTD., a corporation
organized under the laws of the Cayman Islands, ASIA PACIFIC SUPPLY CO., a corporation organized
under the laws of Delaware, CBI COMPANY LTD., a corporation organized under the laws of Delaware,
CBI CONSTRUCCIONES S.A., a corporation organized under the laws of Argentina, CBI CONSTRUCTORS
LIMITED, a corporation organized under the laws of the United Kingdom, CBI HOLDINGS (U.K.) LIMITED,
a corporation organized under the laws of England and Wales, CBI OVERSEAS, LLC, a limited liability
company organized under the laws of Delaware, CENTRAL TRADING COMPANY, LTD., a corporation
organized under the laws of Delaware, CHICAGO BRIDGE & IRON (ANTILLES) N.V., a corporation
organized under the laws of Curacao, CHICAGO BRIDGE & IRON COMPANY B.V., a corporation organized
under the laws of the Netherlands, CMP HOLDINGS B.V., a corporation organized under the laws of the
Netherlands, PACIFIC RIM MATERIAL SUPPLY COMPANY, LTD., a corporation organized under the laws of
the Cayman Islands, HOWE-BAKER INTERNATIONAL, L.L.C., a limited liability company organized under
the laws of Delaware, HOWE-BAKER ENGINEERS, LTD., a limited partnership organized under the laws of
Texas, HOWE-BAKER HOLDINGS, L.L.C., a limited liability company organized under the laws of
Delaware, HOWE-BAKER MANAGEMENT, L.L.C., a limited liability company organized under the laws of
Delaware, HOWE-BAKER, L.P., a limited partnership organized under the laws of Texas, MATRIX
ENGINEERING, LTD., a limited partnership organized under the laws of Texas, HBI HOLDINGS, L.L.C., a
limited liability company organized under the laws of Delaware, HOWE-BAKER INTERNATIONAL
MANAGEMENT, L.L.C., a limited liability company organized under the laws of Delaware, A&B BUILDERS,
LTD., a limited partnership organized under the laws of Texas, MATRIX MANAGEMENT SERVICES, L.L.C.,
a limited liability company organized under the laws of Delaware, CALLIDUS TECHNOLOGIES
INTERNATIONAL, L.L.C., a limited liability company organized under the laws of Delaware, CALLIDUS
TECHNOLOGIES, L.L.C., a limited liability company organized under the laws of Oklahoma,
CONSTRUCTORS INTERNATIONAL, L.L.C., a limited liability company organized under the laws of
Delaware, SOUTHERN TROPIC MATERIAL SUPPLY COMPANY, LTD., a corporation organized under the laws of
the Cayman Islands, CB&I (NIGERIA) LIMITED, a corporation organized under the laws of Nigeria,
CHICAGO BRIDGE & IRON (ESPANA) S.A., a corporation organized under the laws of Spain, CBI
(PHILLIPINES) INC., a corporation organized under the laws of the Phillipines, CB&I JOHN BROWN
LIMITED, a company organized under the laws of England, MORSE CONSTRUCTION GROUP, INC., a
corporation organized under the laws of Washington, TPA HOWE-BAKER, LTD., a partnership organized
under the laws of Texas, and CB&I HUNGARY HOLDING LIMITED LIABILITY COMPANY, a limited liability
company organized under the laws of Hungary (collectively, the “Initial Guarantors” and
along with any additional Subsidiaries which become parties to this Guaranty by executing a
Supplement hereto in the form attached as Annex I, the “Guarantors”), in favor of the
Administrative Agent under (and as defined in) the Credit Agreements referred to below;

 

 

 

WITNESSETH:

WHEREAS, CHICAGO BRIDGE & IRON COMPANY N.V., a corporation organized under the laws of the
Kingdom of the Netherlands (the “Company”) and the Subsidiary Borrowers (together with the
Company, the “Borrowers”), the institutions from time to time parties thereto as lenders
(the “Lenders”), BANK ONE, NA, a national banking association having its principal office
in Chicago, Illinois, in its capacity as contractual representative for the Lenders (the
“Administrative Agent”), have entered into (i) a certain Three-Year Credit Agreement dated
as of August 22, 2003 (as the same may be amended, modified, supplemented and/or restated, and as
in effect from time to time, the “3-Year Credit Agreement”), and (ii) a certain Five-Year
Credit Agreement dated as of August 22, 2003 (as the same may be amended, modified, supplemented
and/or restated, as in effect from time to time, the “5-Year Credit Agreement”, and,
together with the 3-Year Credit Agreement, the “Credit Agreements”),
providing, subject to the terms and conditions thereof, for extensions of credit and other
financial accommodations to be made by the Lenders to the Borrowers;

WHEREAS, it is a condition precedent to the initial extensions of credit by the Lenders under
each of the Credit Agreements that each of the Guarantors execute and deliver this Guaranty,
whereby each of the Guarantors shall guarantee the payment when due of all “Obligations” (as
defined in the Credit Agreements), including, without limitation, all principal, interest and other
amounts that shall be at any time payable by the Borrowers under the Credit Agreements or the other
Loan Documents, and all Hedging Obligations to which any Lender shall be a counterparty (each a
“Designated Hedging Agreement”); and

WHEREAS, in consideration of the direct and indirect financial and other support that one or
more of the Borrowers has provided, and such direct and indirect financial and other support as the
Borrowers may in the future provide, to the Guarantors, and in order to induce the Lenders and the
Administrative Agent to enter into the Credit Agreements, each of the Guarantors is willing to
guarantee the Obligations of the Borrowers under the Credit Agreements and the other Loan Documents
and all Hedging Obligations under any Designated Hedging Agreements;

NOW, THEREFORE, in consideration of the premises and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

III. Definitions. Terms defined in the Credit Agreements and not otherwise defined herein
have, as used herein, the respective meanings provided for therein. For purposes of this Guaranty,
“3-Year Lenders” means all of the Lenders under the 3-Year Credit Agreement, and “5-Year Lenders”
means all of the Lenders under the 5-Year Credit Agreement. “Lenders” means, collectively, all of
the 3-Year Lenders and all of the 5-Year Lenders.

 

 

 

IV. Representations, Warranties and Covenants. Each of the Guarantors represents and warrants
(which representations and warranties shall be deemed to have been renewed at the time of the
making, conversion or continuation of any Loan or issuance of any Letter of Credit) that:

	 	(1)	 	It is a corporation, partnership or limited liability company duly and properly
incorporated or formed, validly existing and in good standing under the laws of its
jurisdiction of incorporation or formation, and has all requisite authority to conduct
its business as a foreign Person in each jurisdiction in which its business is
conducted, except where the failure to have such requisite authority would not have a
Material Adverse Effect.

	 	(2)	 	It has the power and authority and legal right to execute and deliver this
Guaranty and to perform its obligations hereunder. The execution and delivery by it of
this Guaranty and the performance by each of its obligations hereunder have been duly
authorized by proper proceedings, and this Guaranty constitutes a legal, valid and
binding obligation of each Guarantor, enforceable against such Guarantor, in accordance
with its terms, except as enforceability may be limited by bankruptcy, insolvency or
similar laws affecting the enforcement of creditors’ rights generally.

	 	(3)	 	Neither the execution and delivery by it of this Guaranty, nor the consummation
by it of the transactions herein contemplated, nor compliance by it with the terms and
provisions hereof, will (i) violate any law, rule, regulation, order, writ, judgment,
injunction, decree or award binding on it or its certificate or articles of
incorporation or by-laws, limited liability company or partnership agreement (as
applicable) or the provisions of any indenture, instrument or material agreement to
which it is a party or is subject, or by which it, or its property, is bound, (ii) or
conflict with or constitute a default thereunder, except such interference or default
which individually or in the aggregate could not reasonably be expected to have a
Material Adverse Effect, or (iii) result in the creation or imposition of any Lien in,
of or on its property pursuant to the terms of any such indenture, instrument or
material agreement. No order, consent, approval, license, authorization, or validation
of, or filing, recording or registration with, or exemption by, any Governmental
Authority, is required to authorize, or is required in connection with the execution,
delivery and performance by it of, or the legality, validity, binding effect or
enforceability against it of, this Guaranty.

In addition to the foregoing, each of the Guarantors covenants that, so long as any Lender has
any Commitment outstanding under either of the Credit Agreements or any amount payable under the
Credit Agreements or any other Obligations or Hedging Obligations under Designated Hedging
Agreements shall remain unpaid, it will, and, if necessary, will enable the Borrowers to, fully
comply with those covenants and agreements of the Borrowers applicable to such Guarantor set forth
in each of the Credit Agreements.

 

 

 

V. The Guaranty. Each of the Guarantors hereby unconditionally guarantees, jointly with the
other Guarantors and severally, the full and punctual payment when due (whether at stated maturity,
upon acceleration or otherwise) of (a) the Obligations and (b) all Hedging Obligations under the
Designated Hedging Agreements, including, without limitation, (i) the principal of and interest on
each Advance made to any of the Borrowers pursuant to the Credit Agreements, (ii) any Reimbursement
Obligations of the Borrowers, (iii) all Hedging Obligations owing to any Lender or any affiliate of
any Lender under any Designated Hedging Agreement and (iv) all other amounts payable by the
Borrowers or any of their Subsidiaries under the Credit Agreements, any Designated Hedging
Agreement and the other Loan Documents (all of the foregoing being referred to collectively as the
“Guaranteed Obligations”). Upon failure by any Borrower or any of their Affiliates, as
applicable, to pay punctually any such amount, each of the Guarantors agrees that it shall
forthwith on demand pay such amount at the place and in the manner specified in the Credit
Agreements, any Designated Hedging Agreement or the relevant Loan Document, as the case may be.
Each of the Guarantors hereby agrees that this Guaranty is an absolute, irrevocable and
unconditional guaranty of payment and is not a guaranty of collection.

VI. Guaranty Unconditional. The obligations of each of the Guarantors hereunder shall be
unconditional and absolute and, without limiting the generality of the foregoing, shall not be
released, discharged or otherwise affected by:

	 	(1)	 	any extension, renewal, settlement, indulgence, compromise, waiver or release
of or with respect to the Guaranteed Obligations or any part thereof or any agreement
relating thereto, or with respect to any obligation of any other guarantor of any of
the Guaranteed Obligations, whether (in any such case) by operation of law or
otherwise, or any failure or omission to enforce any right, power or remedy with
respect to the Guaranteed Obligations or any part thereof or any agreement relating
thereto, or with respect to any obligation of any other guarantor of any of the
Guaranteed Obligations;

	 	(2)	 	any modification or amendment of or supplement to either of the Credit
Agreements, any Designated Hedging Agreement or any other Loan Document, including,
without limitation, any such amendment which may increase the amount of, or the
interest rates applicable to, any of the Obligations guaranteed hereby;

	 	(3)	 	any release, surrender, compromise, settlement, waiver, subordination or
modification, with or without consideration, of any other guaranties with respect to
the Guaranteed Obligations or any part thereof, or any other obligation of any person
or entity with respect to the Guaranteed Obligations or any part thereof, or any
nonperfection or invalidity of any direct or indirect security for the Guaranteed
Obligations;

	 	(4)	 	any change in the corporate, partnership or other existence, structure or
ownership of any Borrower or any other guarantor of any of the Guaranteed Obligations,
or any insolvency, bankruptcy, reorganization or other similar proceeding affecting any
Borrower or any other guarantor of the Guaranteed Obligations, or any of their
respective assets or any resulting release or discharge of any obligation of any
Borrower or any other guarantor of any of the Guaranteed Obligations;

 

 

 

	 	(5)	 	the existence of any claim, setoff or other rights which the Guarantors may have at
any time against any Borrower, any other guarantor of any of the Guaranteed
Obligations, the Administrative Agent, any holder of Obligations or any other
Person, whether in connection herewith or in connection with any unrelated
transactions, provided that nothing herein shall prevent the assertion of
any such claim by separate suit or compulsory counterclaim;

	 	(6)	 	the enforceability or validity of the Guaranteed Obligations or any part
thereof or the genuineness, enforceability or validity of any agreement relating
thereto or any other invalidity or unenforceability relating to or against any Borrower
or any other guarantor of any of the Guaranteed Obligations, for any reason related to
the Credit Agreements, any Designated Hedging Agreement, any other Loan Document, or
any provision of applicable law or regulation purporting to prohibit the payment by any
Borrower or any other guarantor of the Guaranteed Obligations, of any of the Guaranteed
Obligations;

	 	(7)	 	the failure of the Administrative Agent to take any steps to perfect and
maintain any security interest in, or to preserve any rights to, any security or
collateral for the Guaranteed Obligations, if any;

	 	(8)	 	the election by, or on behalf of, any one or more of the holders of
Obligations, in any proceeding instituted under Chapter 11 of Title 11 of the United
States Code (11 U.S.C. 101 et seq.) (the “Bankruptcy Code”), of the application
of Section 1111(b)(2) of the Bankruptcy Code;

	 	(9)	 	any borrowing or grant of a security interest by any Borrower, as
debtor-in-possession, under Section 364 of the Bankruptcy Code;

	 	(10)	 	the disallowance, under Section 502 of the Bankruptcy Code, of all or any
portion of the claims of the holders of Obligations the Administrative Agent for
repayment of all or any part of the Guaranteed Obligations;

	 	(11)	 	the failure of any other Guarantor to sign or become party to this Guaranty or
any amendment, change, or reaffirmation hereof; or

	 	(12)	 	any other act or omission to act or delay of any kind by any Borrower, any
other guarantor of the Guaranteed Obligations, the Administrative Agent, any holder of
Obligations or any other Person or any other circumstance whatsoever which might, but
for the provisions of this Section 4, constitute a legal or equitable discharge
of any Guarantor’s obligations hereunder.

 

 

 

VII. Discharge Only Upon Payment In Full: Reinstatement In Certain Circumstances. Each of
the Guarantors’ obligations hereunder shall remain in full force and effect until all Guaranteed
Obligations shall have been paid in full in cash and the Commitments and all Letters of Credit
issued under the Credit Agreements shall have terminated or expired. If at any time any payment of
the principal of or interest on any Advance or Reimbursement Obligation or any other amount payable
by the Borrower or any other party under the Credit Agreements, any Designated Hedging Agreement or
any other Loan Document is rescinded or must be otherwise restored or returned upon the insolvency,
bankruptcy or reorganization of any Borrower or otherwise, each of the Guarantors’ obligations
hereunder with respect to such payment shall be reinstated as though such payment had been due but
not made at such time.

VIII. General Waivers. Each of the Guarantors irrevocably waives acceptance hereof, presentment,
demand or action on delinquency, protest, the benefit of any statutes of limitations and, to the
fullest extent permitted by law, any notice not provided for herein, as well as any requirement
that at any time any action be taken by any Person against any Borrower, any other guarantor of the
Guaranteed Obligations, or any other Person.

IX. Subordination of Subrogation; Subordination of Intercompany Indebtedness.

	 	(1)	 	Subordination of Subrogation. Until the Guaranteed Obligations have
been indefeasibly paid in full in cash, the Guarantors (i) shall have no right of
subrogation with respect to such Guaranteed Obligations and (ii) waive any right to
enforce any remedy which the Issuing Banks, holders of the Guaranteed Obligations or
the Administrative Agent now have or may hereafter have against any Borrower, any
endorser or any guarantor of all or any part of the Obligations or any other Person,
and the Guarantors waive any benefit of, and any right to participate in, any security
or collateral given to the holders of Guaranteed Obligations and the Administrative
Agent to secure the payment or performance of all or any part of the Guaranteed
Obligations or any other liability of the Borrowers to the holders of the Guaranteed
Obligations. Should any Guarantor have the right, notwithstanding the foregoing, to
exercise its subrogation rights, each Guarantor hereby expressly and irrevocably (A)
subordinates any and all rights at law or in equity to subrogation, reimbursement,
exoneration, contribution, indemnification or set off that the Guarantor may have to
the indefeasible payment in full in cash of the Guaranteed Obligations and (B) waives
any and all defenses available to a surety, guarantor or accommodation co-obligor until
the Guaranteed Obligations are indefeasibly paid in full in cash. Each Guarantor
acknowledges and agrees that this subordination is intended to benefit the
Administrative Agent and the holders of the Guaranteed Obligations and shall not limit
or otherwise affect such Guarantor’s liability hereunder or the enforceability of this
Guaranty, and that the Administrative Agent, the holders of the Guaranteed Obligations
and their respective successors and assigns are intended third party beneficiaries of
the waivers and agreements set forth in this Section 7(a).

 

 

 

	 	(2)	 	Subordination of Intercompany Indebtedness. Each Guarantor agrees that any
and all claims of such Guarantor against either any Borrower or any other Guarantor
hereunder (each an “Obligor”) with respect to any “Intercompany
Indebtedness” (as hereinafter defined), any endorser, obligor or any other guarantor
of all or any part of the Guaranteed Obligations, or against any of its properties
shall be subordinate and subject in right of payment to the prior payment, in full
and in cash, of all Guaranteed Obligations. Notwithstanding any right of any
Guarantor to ask, demand, sue for, take or receive any payment from any Obligor, all
rights, liens and security interests of such Guarantor, whether now or hereafter
arising and howsoever existing, in any assets of any other Obligor shall be and are
subordinated to the rights of the holders of the Guaranteed Obligations and the
Administrative Agent in those assets. No Guarantor shall have any right to
possession of any such asset or to foreclose upon any such asset, whether by
judicial action or otherwise, unless and until all of the Guaranteed Obligations
(other than contingent indemnity obligations) shall have been fully paid and
satisfied (in cash) and all financing arrangements pursuant to any Loan Document or
any Designated Hedging Agreement have been terminated. If all or any part of the
assets of any Obligor, or the proceeds thereof, are subject to any distribution,
division or application to the creditors of such Obligor, whether partial or
complete, voluntary or involuntary, and whether by reason of liquidation,
bankruptcy, arrangement, receivership, assignment for the benefit of creditors or
any other action or proceeding, or if the business of any such Obligor is dissolved
or if substantially all of the assets of any such Obligor are sold, then, and in any
such event (such events being herein referred to as an “Insolvency Event”),
any payment or distribution of any kind or character, either in cash, securities or
other property, which shall be payable or deliverable upon or with respect to any
indebtedness of any Obligor to any Guarantor (“Intercompany Indebtedness”)
shall be paid or delivered directly to the Administrative Agent for application on
any of the Guaranteed Obligations, due or to become due, until such Guaranteed
Obligations (other than contingent indemnity obligations) shall have first been
fully paid and satisfied (in cash). Should any payment, distribution, security or
instrument or proceeds thereof be received by the applicable Guarantor upon or with
respect to the Intercompany Indebtedness after any Insolvency Event and prior to the
satisfaction of all of the Guaranteed Obligations (other than contingent indemnity
obligations) and the termination of all financing arrangements pursuant to any Loan
Document and/or Designated Hedging Agreements, such Guarantor shall receive and hold
the same in trust, as trustee, for the benefit of the holders of the Guaranteed
Obligations and shall forthwith deliver the same to the Administrative Agent, for
the benefit of such Persons, in precisely the form received (except for the
endorsement or assignment of the Guarantor where necessary), for application to any
of the Guaranteed Obligations, due or not due, and, until so delivered, the same
shall be held in trust by the Guarantor as the property of the holders of the
Guaranteed Obligations. If any such Guarantor fails to make any such endorsement or
assignment to the Administrative Agent, the Administrative Agent or any of its
officers or employees is irrevocably authorized to make the same. Each Guarantor
agrees that until the Guaranteed Obligations (other than the contingent indemnity
obligations) have been paid in full (in cash) and satisfied and all financing
arrangements pursuant to any Loan Document or any Designated Hedging Agreement have
been terminated, no Guarantor will assign or transfer to any Person (other than the
Administrative Agent) any claim any such Guarantor has or may have against any
Obligor.

 

 

 

X. Contribution with Respect to Guaranteed Obligations.

	 	(1)	 	To the extent that any Guarantor shall make a payment under this Guaranty (a
“Guarantor Payment”) which, taking into account all other Guarantor Payments
then previously or concurrently made by any other Guarantor, exceeds the amount which
otherwise would have been paid by or attributable to such Guarantor if each Guarantor
had paid the aggregate Guaranteed Obligations satisfied by such Guarantor Payment in
the same proportion as such Guarantor’s “Allocable Amount” (as defined below) (as
determined immediately prior to such Guarantor Payment) bore to the aggregate Allocable
Amounts of each of the Guarantors as determined immediately prior to the making of such
Guarantor Payment, then, following indefeasible payment in full in cash of the
Guaranteed Obligations and termination of the Credit Agreements and the Designated
Hedging Agreements, such Guarantor shall be entitled to receive contribution and
indemnification payments from, and be reimbursed by, each other Guarantor for the
amount of such excess, pro rata based upon their respective Allocable
Amounts in effect immediately prior to such Guarantor Payment.

	 	(2)	 	As of any date of determination, the “Allocable Amount” of any Guarantor shall
be equal to the maximum amount of the claim which could then be recovered from such
Guarantor under this Guaranty without rendering such claim voidable or avoidable under
Section 548 of Chapter 11 of the Bankruptcy Code or under any applicable state Uniform
Fraudulent Transfer Act, Uniform Fraudulent Conveyance Act or similar statute or common
law.

	 	(3)	 	This Section 8 is intended only to define the relative rights of the
Guarantors, and nothing set forth in this Section 8 is intended to or shall
impair the obligations of the Guarantors, jointly and severally, to pay any amounts as
and when the same shall become due and payable in accordance with the terms of this
Guaranty.

	 	(4)	 	The parties hereto acknowledge that the rights of contribution and
indemnification hereunder shall constitute assets of the Guarantor or Guarantors to
which such contribution and indemnification is owing.

	 	(5)	 	The rights of the indemnifying Guarantors against other Guarantors under this
Section 8 shall be exercisable upon the full and indefeasible payment of the
Guaranteed Obligations in cash and the termination of the Credit Agreements and the
Designated Hedging Agreements.

XI. Stay of Acceleration. If acceleration of the time for payment of any amount payable by
any Borrower under the Credit Agreements, any counterparty to any Designated Hedging Agreement or
any other Loan Document is stayed upon the insolvency, bankruptcy or reorganization of any Borrower
or any of their Affiliates, all such amounts otherwise subject to acceleration under the terms of
the Credit Agreements, any Designated Hedging Agreement or any other Loan Document shall
nonetheless be payable by each of the Guarantors hereunder forthwith on demand by the
Administrative Agent.

 

 

 

XII. Notices. All notices, requests and other communications to any party hereunder shall
be given in the manner prescribed in Article XV of the Credit Agreements with respect to
the Administrative Agent at its notice address therein and with respect to any Guarantor at the
address set forth below or such other address or telecopy number as such party may hereafter
specify for such purpose by notice to the Administrative Agent in accordance with the provisions of
such Article XV.

Notice Address for Guarantors:

c/o Chicago Bridge & Iron Company

One CB&I Plaza

2103 Research Forest Drive

The Woodlands, TX 77380

Attn: Richard E. Goodrich, Executive Vice President & Chief Financial Officer

Fax: (_____) ____________

XIII. No Waivers. No failure or delay by the Administrative Agent or any holders of
Guaranteed Obligations in exercising any right, power or privilege hereunder shall operate as a
waiver thereof nor shall any single or partial exercise thereof preclude any other or further
exercise thereof or the exercise of any other right, power or privilege. The rights and remedies
provided in this Guaranty, the Credit Agreements, any Designated Hedging Agreement and the other
Loan Documents shall be cumulative and not exclusive of any rights or remedies provided by law.

XIV. Successors and Assigns. This Guaranty is for the benefit of the Administrative Agent
and the holders of Guaranteed Obligations and their respective successors and permitted assigns,
provided, that no Guarantor shall have any right to assign its rights or obligations
hereunder without the consent of all of the Lenders, and any such assignment in violation of this
Section 12 shall be null and void; and in the event of an assignment of any amounts payable
under the Credit Agreements, any Designated Hedging Agreement or the other Loan Documents in
accordance with the respective terms thereof, the rights hereunder, to the extent applicable to the
indebtedness so assigned, may be transferred with such indebtedness. This Guaranty shall be binding
upon each of the Guarantors and their respective successors and assigns.

XV. Changes in Writing. Other than in connection with the addition of additional
Subsidiaries, which become parties hereto by executing a Supplement hereto in the form attached as
Annex I, neither this Guaranty nor any provision hereof may be changed, waived, discharged or
terminated orally, but only in writing signed by each of the Guarantors and the Administrative
Agent with the consent of the Required Lenders under the 3-Year Credit Agreement (or all of the
3-Year Lenders if required pursuant to the terms of Section 9.2 of the 3-Year Credit Agreement) or
with the consent of the Required Lenders under the 5-Year Agreement (or all of the 5-Year Lenders
if required pursuant to the terms of Section 9.2 of the 5-Year Credit Agreement).

 

 

 

XVI. GOVERNING LAW. THE ADMINISTRATIVE AGENT ACCEPTS THIS GUARANTY, ON BEHALF OF ITSELF AND THE
LENDERS, AT CHICAGO, ILLINOIS BY ACKNOWLEDGING AND AGREEING TO IT THERE. ANY DISPUTE BETWEEN ANY
GUARANTOR AND THE ADMINISTRATIVE AGENT OR ANY HOLDER OF GUARANTEED OBLIGATIONS ARISING OUT OF,
CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION
WITH, THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS, AND WHETHER ARISING IN CONTRACT, TORT,
EQUITY, OR OTHERWISE, SHALL BE RESOLVED IN ACCORDANCE WITH THE INTERNAL LAWS (INCLUDING §735 ILCS
105/5-1 ET SEQ. BUT OTHERWISE WITHOUT REGARD TO THE CONFLICTS OF LAWS PROVISIONS) OF THE STATE OF
ILLINOIS.

XVII. CONSENT TO JURISDICTION; SERVICE OF PROCESS; JURY TRIAL.

(A) EXCLUSIVE JURISDICTION. EXCEPT AS PROVIDED IN CLAUSE (B), EACH OF THE PARTIES
HERETO AGREES THAT ALL DISPUTES AMONG THEM ARISING OUT OF, CONNECTED WITH, RELATED TO, OR
INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH, THIS GUARANTY OR ANY OF
THE OTHER LOAN DOCUMENTS WHETHER ARISING IN CONTRACT, TORT, EQUITY, OR OTHERWISE, SHALL BE RESOLVED
EXCLUSIVELY BY FEDERAL COURTS LOCATED IN CHICAGO, ILLINOIS (UNLESS THE FEDERAL COURTS WILL NOT
ACCEPT JURISDICTION, IN WHICH CASE THEY SHALL BE RESOLVED EXCLUSIVELY BY STATE COURTS LOCATED IN
CHICAGO, ILLINOIS), BUT THE PARTIES HERETO ACKNOWLEDGE THAT ANY APPEALS FROM THOSE COURTS MAY HAVE
TO BE HEARD BY A COURT LOCATED OUTSIDE OF CHICAGO, ILLINOIS. EACH OF THE PARTIES HERETO WAIVES IN
ALL DISPUTES BROUGHT PURSUANT TO THIS CLAUSE (A) ANY OBJECTION THAT IT MAY HAVE TO THE LOCATION OF
THE COURT CONSIDERING THE DISPUTE.

(B) OTHER JURISDICTIONS. EACH GUARANTOR AGREES THAT THE ADMINISTRATIVE AGENT OR ANY
HOLDER OF GUARANTEED OBLIGATIONS SHALL HAVE THE RIGHT TO PROCEED AGAINST EACH GUARANTOR OR ITS
RESPECTIVE PROPERTY IN A COURT IN ANY LOCATION TO ENABLE SUCH PERSON TO (1) OBTAIN PERSONAL
JURISDICTION OVER ANY GUARANTOR OR (2) IN ORDER TO ENFORCE A JUDGMENT OR OTHER COURT ORDER ENTERED
IN FAVOR OF SUCH PERSON. EACH GUARANTOR AGREES THAT IT WILL NOT ASSERT ANY PERMISSIVE
COUNTERCLAIMS IN ANY PROCEEDING BROUGHT BY SUCH PERSON TO ENFORCE A JUDGMENT OR OTHER COURT ORDER
IN FAVOR OF SUCH PERSON. EACH GUARANTOR WAIVES ANY OBJECTION THAT IT MAY HAVE TO THE LOCATION OF
THE COURT IN WHICH SUCH PERSON HAS COMMENCED A PROCEEDING DESCRIBED IN THIS CLAUSE (B).

(C) SERVICE OF PROCESS. EACH GUARANTOR WAIVES PERSONAL SERVICE OF ANY PROCESS UPON
IT AND IRREVOCABLY APPOINTS THE BORROWER AT ITS OFFICES LOCATED AT 1501 N. DIVISION STREET
PLAINFIELD, ILLINOIS 60544-8984, AS EACH GUARANTOR’S AGENT FOR THE PURPOSE OF ACCEPTING ANY WRITS,
SERVICE OF PROCESS OR SUMMONSES IN ANY SUIT, ACTION OR PROCEEDING ISSUED BY ANY COURT. NOTHING
HEREIN SHALL IN ANY WAY BE DEEMED TO LIMIT THE ABILITY OF THE AGENT OR THE HOLDERS OF THE
GUARANTEED OBLIGATIONS TO SERVE ANY SUCH WRITS, PROCESS OR SUMMONSES IN ANY OTHER MANNER PERMITTED
BY APPLICABLE LAW.

 

 

 

(D) VENUE. EACH GUARANTOR IRREVOCABLY WAIVES ANY OBJECTION (INCLUDING, WITHOUT
LIMITATION, ANY OBJECTION OF THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS)
WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY SUCH ACTION OR PROCEEDING WITH RESPECT TO
THIS AGREEMENT OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION
HEREWITH IN ANY JURISDICTION SET FORTH ABOVE.

(E) WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ANY RIGHT TO
HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE,
ARISING OUT OF, CONNECTED WITH, RELATED TO OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM
IN CONNECTION WITH THIS GUARANTY OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR
DELIVERED IN CONNECTION HEREWITH. EACH OF THE PARTIES HERETO AGREES AND CONSENTS THAT ANY SUCH
CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT
ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS GUARANTY WITH ANY COURT AS
WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY
JURY.

(E) ADVICE OF COUNSEL. EACH OF THE PARTIES REPRESENTS TO EACH OTHER PARTY HERETO THAT
IT HAS DISCUSSED THIS AGREEMENT AND, SPECIFICALLY, THE PROVISIONS OF THIS SECTION 15 WITH
ITS COUNSEL.

XVIII. Taxes, Expenses of Enforcement, etc.

A. Taxes.

	 	(1)	 	Any and all payments by any of the Guarantors hereunder (whether in respect of
principal, interest, fees or otherwise) shall be made free and clear of and without
deduction for any and all present or future taxes, levies, imposts, deductions, charges
or withholdings or any interest, penalties and liabilities with respect thereto
including those arising after the date hereof as a result of the adoption of or any
change in any law, treaty, rule, regulation, guideline or determination of a
Governmental Authority or any change in the interpretation or application thereof by a
Governmental Authority but excluding, in the case of each Lender and the Administrative
Agent, such taxes (including income taxes, franchise taxes and branch profit taxes) as
are imposed on or measured by such Lender’s or the Administrative Agent’s, as the case
may be, net income by the United States of America or any Governmental Authority of the
jurisdiction under the laws of which such Lender or the Administrative Agent, as the
case may be, is organized (all such non-excluded taxes, levies, imposts, deductions,
charges, withholdings, and liabilities which the Administrative Agent or a

 

 

 

Lender determines to be applicable to this Guaranty, the other Loan Documents, the
Revolving
Loan Commitments, the Loans or the Letters of Credit being hereinafter referred to as
“Taxes”). If any Guarantor shall be required by law to deduct or withhold any
Taxes from or in respect of any sum payable hereunder to any holder of
Obligations, (i) the sum payable shall be increased as may be necessary so that
after making all required deductions or withholdings (including deductions
applicable to additional sums payable under this Section 16(A)) such Lender
or Administrative Agent (as the case may be) receives an amount equal to the sum it
would have received had no such deductions or withholdings been made, (ii) the
applicable Guarantor shall make such deductions or withholdings, and (iii) the
applicable Guarantor shall pay the full amount deducted or withheld to the relevant
taxation authority or other authority in accordance with applicable law. If a
withholding tax of the United States of America or any other Governmental Authority
shall be or become applicable (y) after the date of this Guaranty, to such payments
by the applicable Guarantor made to the Lending Installation or any other office
that a Lender may claim as its Lending Installation, or (z) after such Lender’s
selection and designation of any other Lending Installation, to such payments made
to such other Lending Installation, such Lender shall use reasonable efforts to
make, fund and maintain the affected Loans through another Lending Installation of
such Lender in another jurisdiction so as to reduce the applicable Guarantor’s
liability hereunder, if the making, funding or maintenance of such Loans through
such other Lending Installation of such Lender does not, in the judgment of such
Lender, otherwise adversely affect such Loans, or obligations under the Commitments
of such Lender.

	 	(2)	 	In addition, each of the Guarantors agrees to pay any present or future stamp
or documentary taxes or any other excise or property taxes, charges, or similar levies
which arise from any payment made hereunder, or from the execution, delivery or
registration of, or otherwise with respect to, this Guaranty, the other Loan Documents,
the Commitments, the Loans or the Letters of Credit (hereinafter referred to as
“Other Taxes”).

	 	(3)	 	Subject to the exceptions in the Credit Agreements, each of the Guarantors
indemnifies each Lender and the Administrative Agent for the full amount of Taxes and
Other Taxes (including, without limitation, any Taxes or Other Taxes imposed by any
Governmental Authority on amounts payable under this Section 16(A)) paid by
such Lender or the Administrative Agent (as the case may be) and any liability
(including penalties, interest, and expenses) arising therefrom or with respect
thereto, whether or not such Taxes or Other Taxes were correctly or legally asserted.
This indemnification shall be made within thirty (30) days after the date such Lender
or the Administrative Agent (as the case may be) makes written demand therefor. If the
Taxes or Other Taxes with respect to which any Guarantor has made either a direct
payment to the taxation or other authority or an indemnification payment hereunder are
subsequently refunded to any Lender, such Lender will return to the applicable
Guarantor an amount equal to the lesser of the indemnification payment or the refunded
amount. A certificate as to any additional amount payable to any Lender or the
Administrative Agent under this Section 16(A) submitted to the applicable
Guarantor and the Administrative Agent (if a Lender is so submitting) by such Lender or
the Administrative Agent shall show in reasonable detail the amount payable and the
calculations used to determine such amount and shall, absent manifest error, be deemed
presumptively correct. With respect to such deduction or withholding for or on account
of any Taxes and to confirm that all such Taxes have been paid to the appropriate
Governmental Authorities, the applicable Guarantor or Guarantors shall promptly (and in
any event not later than thirty (30) days after receipt) furnish to each Lender and the
Administrative Agent such certificates, receipts and other documents as may be required
(in the reasonable judgment of such Lender or the Administrative Agent) to establish
any tax credit to which such Lender or the Administrative Agent may be entitled.

 

 

 

	 	(4)	 	Within thirty (30) days after the date of any payment of Taxes or Other Taxes by any
Guarantor, the applicable Guarantor shall furnish to the Administrative Agent the
original or a certified copy of a receipt evidencing payment thereof.

	 	(5)	 	Without prejudice to the survival of any other agreement of the Guarantors
hereunder, the agreements and obligations of the Guarantors contained in this
Section 16(A) shall survive the payment in full of all Guaranteed Obligations
and the termination of this Guaranty.

	B.	 	Expenses of Enforcement, Etc. Subject to the terms of the Credit Agreements, after
the occurrence of a Default under the 3-Year Credit Agreement, the 3-Year Lenders shall have
the right at any time, and, after the occurrence of a Default under the 5-Year Credit
Agreement, the 5-Year Lenders shall have the right at any time to direct the Administrative
Agent to commence enforcement proceedings with respect to the Guaranteed Obligations. The
Guarantors agree to reimburse the Administrative Agent and the holders of Obligations for any
costs and out-of-pocket expenses (including reasonable attorneys’ fees and time charges of
attorneys for the Administrative Agent and the holders of Obligations, which attorneys may be
employees of the Administrative Agent or the holders of Obligations) paid or incurred by the
Administrative Agent or any holders of Obligation in connection with the collection and
enforcement of amounts due under the Loan Documents, including without limitation this
Guaranty. The Administrative Agent agrees to distribute payments received from any of the
Guarantors hereunder to the holders of Obligations on a pro rata basis for application in
accordance with the terms of the respective Credit Agreements.

XIX. Judgment Currency. If, for the purposes of obtaining judgment in any court, it is
necessary to convert a sum due from any Guarantor hereunder in the currency expressed to be payable
herein (the “specified currency”) into another currency, the parties hereto agree, to the fullest
extent that they may effectively do so, that the rate of exchange used shall be that at which in
accordance with normal banking procedures the Administrative Agent could purchase the specified
currency with such other currency at the Administrative Agent’s main office in Chicago, Illinois on
the Business Day preceding that on which the final, non-appealable judgment is given. The
obligations of each Guarantor in respect of any sum due to the Administrative Agent, for itself and
the other Lenders, hereunder or under any other Loan Document shall, notwithstanding any judgment
in a currency other than the specified currency, be discharged only to the extent that on the
Business Day following receipt by the Administrative Agent of any sum adjudged to be so due in such
other currency the Administrative Agent may in accordance with normal, reasonable banking
procedures purchase the specified currency with such other currency. If the amount of the
specified currency so purchased is less than the sum originally due to the Administrative Agent, on
behalf of itself or any Lender, in the specified currency, each Guarantor agrees, to the fullest
extent that it may effectively do so, as a separate obligation and notwithstanding any such
judgment, to indemnify the Administrative Agent against such loss.

 

 

 

XX. Setoff. At any time after all or any part of the Guaranteed Obligations have become due
and payable (by acceleration or otherwise), each holder of Obligations and the Administrative Agent
may, without notice to any Guarantor and regardless of the acceptance of any security or collateral
for the payment hereof, appropriate and apply toward the payment of all or any part of the
Guaranteed Obligations (i) any indebtedness due or to become due from such holder of Obligations
or the Administrative Agent to any Guarantor, and (ii) any moneys, credits or other property
belonging to any Guarantor, at any time held by or coming into the possession of such holder of
Obligations or the Administrative Agent or any of their respective affiliates.

XXI. Financial Information. Each Guarantor hereby assumes responsibility for keeping
itself informed of the financial condition of the Borrowers and any and all endorsers and/or other
Guarantors of all or any part of the Guaranteed Obligations, and of all other circumstances bearing
upon the risk of nonpayment of the Guaranteed Obligations, or any part thereof, that diligent
inquiry would reveal, and each Guarantor hereby agrees that none of the holders of Obligations or
the Administrative Agent shall have any duty to advise such Guarantor of information known to any
of them regarding such condition or any such circumstances. In the event any holder of Obligations
or the Administrative Agent, in its sole discretion, undertakes at any time or from time to time to
provide any such information to a Guarantor, such holder of Obligations or the Administrative Agent
shall be under no obligation (i) to undertake any investigation not a part of its regular business
routine, (ii) to disclose any information which such holder of Obligations or the Administrative
Agent, pursuant to accepted or reasonable commercial finance or banking practices, wishes to
maintain confidential or (iii) to make any other or future disclosures of such information or any
other information to such Guarantor.

XXII. Severability. Wherever possible, each provision of this Guaranty shall be
interpreted in such manner as to be effective and valid under applicable law, but if any provision
of this Guaranty shall be prohibited by or invalid under such law, such provision shall be
ineffective to the extent of such prohibition or invalidity without invalidating the remainder of
such provision or the remaining provisions of this Guaranty.

XXIII. Merger. This Guaranty represents the final agreement of each of the Guarantors with
respect to the matters contained herein and may not be contradicted by evidence of prior or
contemporaneous agreements, or subsequent oral agreements, between the Guarantor and any holder of
Obligations or the Administrative Agent.

XXIV. Headings. Section headings in this Guaranty are for convenience of reference only
and shall not govern the interpretation of any provision of this Guaranty.

 

 

 

IN WITNESS WHEREOF, the Initial Guarantors has caused this Guaranty to be duly executed by its
authorized officer as of the day and year first above written.

	 	 	 	 	 	 	 
	CHICAGO BRIDGE & IRON COMPANY	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CB&I TYLER COMPANY	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CB&I CONSTRUCTORS, INC.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CBI SERVICES, INC.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 

Signature Page to Subsidiary Guaranty

 

 

 

	 	 	 	 	 	 	 
	HORTON CBI, LIMITED	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CBI VENEZOLANA, S.A.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CBI EASTERN ANSTALT	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CBI CONSTRUCTORS PTY, LTD.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	LEALAND FINANCE COMPANY B.V.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CB&I (EUROPE) B.V.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 

Signature Page to Subsidiary Guaranty

 

 

 

	 	 	 	 	 	 	 
	ARABIAN GULF MATERIAL SUPPLY COMPANY, LTD.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	ASIA PACIFIC SUPPLY CO.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CBI COMPANY LTD.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CBI CONSTRUCCIONES S.A.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CBI CONSTRUCTORS LIMITED	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CBI HOLDINGS (U.K.) LIMITED	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 

Signature Page to Subsidiary Guaranty

 

 

 

	 	 	 	 	 	 	 
	CBI OVERSEAS, LLC	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CENTRAL TRADING COMPANY, LTD.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CHICAGO BRIDGE & IRON (ANTILLES) N.V.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CHICAGO BRIDGE & IRON COMPANY B.V.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CMP HOLDINGS B.V.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	PACIFIC RIM MATERIAL SUPPLY COMPANY, LTD.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	HOWE-BAKER INTERNATIONAL, L.L.C.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 

Signature Page to Subsidiary Guaranty

 

 

 

	 	 	 	 	 	 	 
	HOWE-BAKER ENGINEERS, LTD.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	HOWE-BAKER HOLDINGS, L.L.C.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	HOWE-BAKER MANAGEMENT, L.L.C.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	HOWE-BAKER, L.P.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	MATRIX ENGINEERING, LTD.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 

Signature Page to Subsidiary Guaranty

 

 

 

	 	 	 	 	 	 	 
	HBI HOLDINGS, L.L.C.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	HOWE-BAKER INTERNATIONAL MANAGEMENT, L.L.C.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	A&B BUILDERS, LTD.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	MATRIX MANAGEMENT SERVICES, L.L.C.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CALLIDUS TECHNOLOGIES INTERNATIONAL, L.L.C.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CALLIDUS TECHNOLOGIES, L.L.C.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CONSTRUCTORS INTERNATIONAL, L.L.C.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 

Signature Page to Subsidiary Guaranty

 

 

 

	 	 	 	 	 	 	 
	SOUTHERN TROPIC MATERIAL SUPPLY COMPANY, LTD.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CB&I (NIGERIA) LIMITED	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CHICAGO BRIDGE & IRON (ESPANA) S.A.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CBI (PHILLIPINES), INC.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CB&I JOHN BROWN LIMITED	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	MORSE CONSTRUCTION GROUP, INC.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	TPA HOWE-BAKER, LTD.	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	CBI HUNGARY HOLDING LIMITED LIABILITY COMPANY	 	 
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 

Signature Page to Subsidiary Guaranty

 

 

 

ANNEX I TO GUARANTY

Reference is hereby made to the Guaranty (the “Guaranty”) made as of the 22nd day of
August, 2003 by CHICAGO BRIDGE & IRON COMPANY, a Delaware corporation, CHICAGO BRIDGE & IRON
COMPANY (DELAWARE), a Delaware corporation, CB&I TYLER COMPANY, a Delaware corporation, CB&I
CONSTRUCTORS, INC., a Texas corporation, CBI SERVICES, INC., a Delaware corporation, HORTON CBI,
LIMITED, a corporation organized under the laws of Canada, CBI VENEZOLANA, S.A., a corporation
organized under the laws of the Republic of Venezuela, CBI EASTERN ANSTALT, a corporation organized
under the laws of the Principality of Liechtenstein, CBI CONSTRUCTORS PTY, LTD., a corporation
organized under the laws of the Commonwealth of Australia, LEALAND FINANCE COMPANY B.V., a
corporation organized under the laws of the Kingdom of the Netherlands, CB&I (EUROPE) B.V., a
corporation organized under the laws of the Kingdom of the Netherlands, ARABIAN GULF MATERIAL
SUPPLY COMPANY, LTD., a corporation organized under the laws of the Cayman Islands, ASIA PACIFIC
SUPPLY CO., a corporation organized under the laws of Delaware, CBI COMPANY LTD., a corporation
organized under the laws of Delaware, CBI CONSTRUCCIONES S.A., a corporation organized under the
laws of Argentina, CBI CONSTRUCTORS LIMITED, a corporation organized under the laws of the United
Kingdom, CBI HOLDINGS (U.K.) LIMITED, a corporation organized under the laws of England and Wales,
CBI OVERSEAS, LLC, a limited liability company organized under the laws of Delaware, CENTRAL
TRADING COMPANY, LTD., a corporation organized under the laws of Delaware, CHICAGO BRIDGE & IRON
(ANTILLES) N.V., a corporation organized under the laws of Curacao, CHICAGO BRIDGE & IRON COMPANY
B.V., a corporation organized under the laws of the Netherlands, CMP HOLDINGS B.V., a corporation
organized under the laws of the Netherlands, PACIFIC RIM MATERIAL SUPPLY COMPANY, LTD., a
corporation organized under the laws of the Cayman Islands, HOWE-BAKER INTERNATIONAL, L.L.C., a
limited liability company organized under the laws of Delaware, HOWE-BAKER ENGINEERS, LTD., a
limited partnership organized under the laws of Texas, HOWE-BAKER HOLDINGS, L.L.C., a limited
liability company organized under the laws of Delaware, HOWE-BAKER MANAGEMENT, L.L.C., a limited
liability company organized under the laws of Delaware, HOWE-BAKER, L.P., a limited partnership
organized under the laws of Texas, MATRIX ENGINEERING, LTD., a limited partnership organized under
the laws of Texas, HBI HOLDINGS, L.L.C., a limited liability company organized under the laws of
Delaware, HOWE-BAKER INTERNATIONAL MANAGEMENT, L.L.C., a limited liability company organized under
the laws of Delaware, A&B BUILDERS, LTD., a limited partnership organized under the laws of Texas,
MATRIX MANAGEMENT SERVICES, L.L.C., a limited liability company organized under the laws of
Delaware, CALLIDUS TECHNOLOGIES INTERNATIONAL, L.L.C., a limited liability company organized under
the laws of Delaware, CALLIDUS TECHNOLOGIES, L.L.C., a limited liability company organized under
the laws of Oklahoma, CONSTRUCTORS INTERNATIONAL, L.L.C., a limited liability company organized
under the laws of Delaware, SOUTHERN TROPIC MATERIAL SUPPLY COMPANY, LTD., a corporation organized
under the laws of the Cayman Islands, CB&I (NIGERIA) LIMITED, a corporation organized under the
laws of Nigeria, CHICAGO BRIDGE & IRON (ESPANA) S.A., a corporation organized under the laws of
Spain, CBI (PHILLIPINES) INC., a corporation

 

 

 

organized
under the laws of the Phillipines, CB&I JOHN BROWN LIMITED, a company organized under the laws of England, MORSE CONSTRUCTION GROUP, INC.,
a corporation organized under the laws of Washington, TPA HOWE-BAKER, LTD., a partnership organized
under the laws of Texas, and CB&I HUNGARY HOLDING LIMITED LIABILITY COMPANY, a limited liability
company organized under the laws of Hungary (the “Initial Guarantors” and along with any
additional Subsidiaries which become parties to this Guaranty by executing a Supplement hereto in
the form attached as Annex I, the “Guarantors”) in favor of the Administrative Agent under
the Credit Agreements. Capitalized terms used herein and not defined herein shall have the
meanings given to them in the Guaranty. By its execution below, the undersigned [NAME OF NEW
GUARANTOR], a [corporation] [partnership] [limited liability company], agrees to become, and does
hereby become, a Guarantor under the Guaranty and agrees to be bound by such Guaranty as if
originally a party thereto. By its execution below, the undersigned represents and warrants as to
itself that all of the representations and warranties contained in Section 2 of the
Guaranty are true and correct in all respects as of the date hereof.

IN WITNESS WHEREOF, [NAME OF NEW GUARANTOR], a [corporation] [partnership] [limited liability
company] has executed and delivered this Annex I counterpart to the Guaranty as of this ______________ day of __________, _____.

[NAME OF NEW GUARANTOR]

	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 	 	 	 	 	 	 

 

 

 

EXHIBIT I

TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

Form of Revolving Loan Note

	 	 	 
	$                    

	 	Chicago, Illinois
	 

	 	[DATE]

FOR VALUE RECEIVED, the undersigned, CHICAGO BRIDGE & IRON COMPANY N.V., a corporation
organized under the laws of the Kingdom of the Netherlands (the “Borrower”), HEREBY
UNCONDITIONALLY PROMISES TO PAY to the order of [__________] (the “Lender”) the
principal sum of [__________] AND NO/100 DOLLARS ($[__________]), or, if less, the
aggregate unpaid amount of all “Revolving Loans” (as defined in the Credit Agreement referred to
below) made by the Lender to such Borrower pursuant to the “Credit Agreement” (as defined below),
on the “Termination Date” (as such term is defined in the Credit Agreement) or on such earlier date
as may be required by the terms of the Credit Agreement. Capitalized terms used herein and not
otherwise defined herein are as defined in the Credit Agreement.

The undersigned Borrower promises to pay interest on the unpaid principal amount of each
Revolving Loan made to it from the date of such Revolving Loan until such principal amount is paid
in full at a rate or rates per annum determined in accordance with the terms of the Credit
Agreement. Interest hereunder is due and payable at such times and on such dates as set forth in
the Credit Agreement.

At the time of each Revolving Loan, and upon each payment or prepayment of principal of each
Revolving Loan, the Lender shall make a notation either on the schedule attached hereto and made a
part hereof, or in such Lender’s own books and records, in each case specifying the amount of such
Revolving Loan, the respective Interest Period thereof (in the case of Eurodollar Rate Loans) or
the amount of principal paid or prepaid with respect to such Revolving Loan, as applicable;
provided that the failure of the Lender to make any such recordation or notation shall not
affect the Obligations of the undersigned Borrower hereunder or under the Credit Agreement.

This Revolving Loan Note is one of the promissory notes referred to in, and is entitled to the
benefits of, that certain Third Amended and Restated Credit Agreement dated as of July 23, 2010 by
and among Chicago Bridge & Iron Company N.V., the Subsidiary Borrowers from time to time parties
thereto (collectively, the “Borrowers”), the financial institutions from time to time
parties thereto as lenders (the “Lenders”), and JPMorgan Chase Bank, N.A., as contractual
representative for itself and the other Lenders (the “Administrative Agent”) (as the same
may be amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”). The Credit Agreement, among other things, (i) provides for the making of Revolving
Loans by the Lender to the undersigned Borrower and the other Borrowers under the Credit Agreement
from time to time in an aggregate amount not to exceed at any time outstanding the Dollar Amount
first above mentioned, the indebtedness of the undersigned Borrower resulting from each such
Revolving Loan to it being evidenced by this Revolving Loan Note, and (ii) contains provisions for
acceleration of the maturity hereof upon the happening of certain stated events and also for
prepayments of the principal hereof prior to the maturity hereof upon the terms and conditions
therein specified.

 

 

 

Demand, presentment, protest and notice of nonpayment and protest are hereby waived by the
Borrower.

Whenever in this Revolving Loan Note reference is made to the Administrative Agent, the Lender
or the Borrower, such reference shall be deemed to include, as applicable, a reference to their
respective successors and assigns. The provisions of this Revolving Loan Note shall be binding
upon and shall inure to the benefit of said successors and assigns. The Borrower’s successors and
assigns shall include, without limitation, a receiver, trustee or debtor in possession of or for
the Borrower.

This Revolving Loan Note shall be interpreted, and the rights and liabilities of the parties
hereto determined, in accordance with the internal laws (including Section 735 ILCS 105/5-1 et seq.
but otherwise without regard to the conflicts of laws provisions) of the State of Illinois.

	 	 	 	 	 	 	 
	 	 	CHICAGO BRIDGE & IRON COMPANY
	 	 	N.V., as the Borrower
	 	 	By: CHICAGO BRIDGE & IRON COMPANY B.V.
	 	 	Its: Managing Director
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:
	 	Managing Director

 

2

 

SCHEDULE OF REVOLVING LOANS AND PAYMENTS OR PREPAYMENTS

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Amount of	 	 	 	 
	 	 	 	 	 	 	 	 	Principal	 	Unpaid	 	 
	 	 	Amount of	 	Type of	 	Interest	 	Paid or	 	Principal	 	Notation
	Date	 	Loan	 	Loan Currency	 	Period/ Rate	 	Prepaid	 	Balance	 	Made By
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 

 

 

 

EXHIBIT J

TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

Form of Assumption Letter

_____________, 20__

To the Administrative Agent and the Lenders party to the

Credit Agreement referred

to below

Ladies and Gentlemen:

Reference is made to that certain Third Amended and Restated Credit Agreement dated as of July
23, 2010 by and among Chicago Bridge & Iron Company N.V., the Subsidiary Borrowers from time to
time parties thereto, the financial institutions from time to time parties thereto as lenders (the
“Lenders”), and JPMorgan Chase Bank, N.A., as contractual representative for itself and the
other Lenders (the “Administrative Agent”) (as the same may be amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”). Terms
defined in the Credit Agreement and used herein are used herein as defined therein.

The undersigned,
 _____ 
(the “Subsidiary”), a
 _____ 
[corporation], wishes
to become a “Subsidiary Borrower” under the Credit Agreement, and accordingly hereby agrees that
from the date hereof it shall become a “Subsidiary Borrower” under the Credit Agreement and agrees
that from the date hereof and until the payment in full of the principal of and interest on all
Advances made to it under the Credit Agreement and performance of all of its other obligations
thereunder, and termination hereunder of its status as a “Subsidiary Borrower” as provided below,
it shall perform, comply with and be bound by each of the provisions of the Credit Agreement which
are stated to apply to a “Borrower” or a “Subsidiary Borrower.” Without limiting the generality of
the foregoing, the Subsidiary hereby represents and warrants that: (i) each of the representations
and warranties set forth in Section 6.18 of the Credit Agreement is hereby made by
such Subsidiary on and as of the date hereof as if made on and as of the date hereof and as if such
Subsidiary is a “Subsidiary Borrower” and this Assumption Letter is the “Agreement” referenced
therein, and (ii) it has heretofore received a true and correct copy of the Credit Agreement
(including any modifications thereof or supplements or waivers thereto) as in effect on the date
hereof. In addition, the Subsidiary hereby authorizes each of the Borrowers to act on its behalf
as and to the extent provided for in Article II of the Credit Agreement in connection with the
selection of Types and Interest Periods for Advances and the conversion and continuation of
Advances.

So long as the principal of and interest on all Advances made to the Subsidiary Borrower under
the Credit Agreement shall have been repaid or paid in full, all Letters of Credit issued for the
account of the Subsidiary Borrower have expired or been returned and terminated and all other
obligations of the Subsidiary Borrower under this Agreement shall have been fully performed, the
Subsidiary may, by not less than five Business Days’ prior notice to the Administrative Agent (who
shall promptly notify the Lender thereof) terminate its status as a “Subsidiary Borrower.”

 

 

 

CHOICE OF LAW. THIS ASSUMPTION LETTER SHALL BE CONSTRUED IN ACCORDANCE WITH THE
INTERNAL LAWS (INCLUDING 735 ILCS 105/5-1 ET SEQ. BUT OTHERWISE WITHOUT REGARD TO CONFLICTS OF LAW
PROVISIONS) OF THE STATE OF ILLINOIS, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL
BANKS.

IN WITNESS WHEREOF, the Subsidiary has duly executed and delivered this Assumption Letter as
of the date and year first above written.

	 	 	 	 	 
	 	[Name of Subsidiary Borrower]

 	 
	 	By:  	 	 
	 	 	Title:  	 	 
	 	 	Address for Notices under the Credit Agreement: 	 

Consented to:

CHICAGO BRIDGE & IRON COMPANY N.V.

By: Chicago Bridge & Iron Company B.V., its Managing Director

	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 

 

2

 

EXHIBIT K

TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

Form of Designation Agreement

Dated __________, 20__

Reference is made to the Third Amended and Restated Credit Agreement dated as of July 23, 2010
(as amended or otherwise modified from time to time, the “Credit Agreement”) among Chicago
Bridge & Iron Company N.V., a corporation organized under the laws of the Kingdom of the
Netherlands (the “Company”), the Subsidiary Borrowers from time to time party thereto
(together with the Company, collectively, the “Borrowers”), the lenders from time to time
party thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as Administrative Agent,
___________. Terms defined in the Credit Agreement are used herein as therein defined.

___________ (the “Designating Lender”), ____________ (the “Designated Lender”),
and the Company, on behalf of itself and the other Borrowers, agree as follows:

	1.	 	The Designating Lender hereby designates the Designated Lender, and the Designated Lender
hereby accepts such designation, as its Designated Lender under the Credit Agreement.

	2.	 	The Designating Lender makes no representations or warranty and assumes no responsibility
with respect to the financial condition of the Borrowers or the performance or observance by
the Borrowers of any of their respective obligations under the Credit Agreement or any other
instrument or document furnished pursuant thereto.

	3.	 	The Designated Lender (i) confirms that it has received a copy of the Credit Agreement,
together with copies of the financial statements referred to in Article VII thereof and such
other documents and information as it has deemed appropriate to make its own credit analysis
and decision to enter into this Designation Agreement; (ii) agrees that it will, independently
and without reliance upon the Administrative Agent, the Designating Lender or any other Lender
and based on such documents and information as it shall deem appropriate at the time, continue
to make its own credit decisions in taking or not taking any action it may be permitted to
take under the Credit Agreement; (iii) confirms that it is an Eligible Designee; (iv) appoints
and authorizes the Designating Lender as its administrative agent and attorney-in-fact and
grants the Designating Lender an irrevocable power of attorney to receive payments made for
the benefit of the Designated Lender under the Credit Agreement and to deliver and receive all
communications and notices under the Credit Agreement, if any, that Designated Lender is
obligated to deliver or has the right to receive thereunder; (v) acknowledges that it is
subject to and bound by the confidentiality provisions of the Credit Agreement (except as
permitted under Section 14.4 and Section 14.5 thereof); (vi) confirms, to the
extent required under the Dutch Banking Act and the Dutch Exemption Regulation, it is a PMP,
(vii) confirms it is aware that it does not benefit from the protection offered by the Dutch
Banking Act to Lenders which are not PMPs and (viii) acknowledges that the Designating Lender
retains the sole right and responsibility to vote under the Credit Agreement, including,
without limitation, the right to approve any amendment, modification or waiver of any
provision of the Credit Agreement, and agrees that the Designated Lender shall be bound by all
such votes, approvals, amendments, modifications and waivers and all other agreements of the
Designating Lender pursuant to or in connection with the Credit Agreement.

 

3

 

	4.	 	Following the execution of this Designation Agreement by the Designating Lender, the Designated
Lender and the Company, it will be delivered to the Administrative Agent for acceptance and
recording by the Administrative Agent. The effective Date of this Designation Agreement shall
be the date of acceptance thereof by the Administrative Agent, unless otherwise specified on the
signature page hereto (the “Effective Date”).

	5.	 	Upon such acceptance and recording by the Administrative Agent, as of the Effective Date (a)
the Designated Lender shall have the right to make Loans as a Lender pursuant to Section 2.1
or 2.2 of the Credit Agreement and the rights of a Lender related thereto and (b) the making
of any such Loans by the Designated Lender shall satisfy the obligations of the Designating
Lender under the Credit Agreement to the same extent, and as if, such Loans were made by the
Designating Lender.

	6.	 	This Designation Agreement shall be governed by, and construed in accordance with, the
internal laws (including §735 ILCS 105/5-1 et seq. but otherwise without regard to the
conflicts of laws provisions) of the State of Illinois.

IN WITNESS WHEREOF, the parties have caused this Designation Agreement to be executed by their
respective officers hereunto duly authorized, as of the date first above written.

Effective Date7:

	 	 	 	 	 
	 	[NAME OF DESIGNATING LENDER]

 	 
	 	By:  	 	 
	 	 	Name: 	 	 
	 	 	Title:  	 	 
	 
	 	[NAME OF DESIGNATED LENDER]

 	 
	 	By:  	 	 
	 	 	Name: 	 	 
	 	 	Title:  	 	 
	 
	 	CHICAGO BRIDGE & IRON COMPANY N.V.

 	 
	 	By:  	Chicago Bridge & Iron Company B.V., its Managing Director
 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name: 	 	 
	 	 	Title:  	 	 

 

	 	 	 
	7	 	This date should be no earlier than the date of
acceptance by the Administrative Agent.

 

2

 

Accepted and Approved this
_____ day of ____________, _____

	 	 	 	 	 	 	 
	JPMORGAN CHASE BANK, N.A. as Administrative Agent
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Title:	 	 	 	 

 

3

 

EXHIBIT L

TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

Form of Commitment and Acceptance

Dated                     , 20__

Reference is made to the Third Amended and Restated Credit Agreement dated as of July 23, 2010
among Chicago Bridge & Iron Company N.V., a corporation organized under the law of the Kingdom of
the Netherlands (the “Company”), the Subsidiary Borrowers from time to time party thereto
(together with the Company, collectively, the “Borrowers”), the financial institutions
party thereto (the “Lenders”) and JPMorgan Chase Bank, N.A., as contractual representative
for the Lenders (the “Administrative Agent”) (as the same may be amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”). Terms
defined in the Credit Agreement are used herein with the same meaning.

Pursuant to Section 2.5(B) of the Credit Agreement, the Company has requested an
increase in the Aggregate Commitment from $                     to $                    . Such increase in the
Aggregate Commitment is to become effective on the date (the “Effective Date”) which is the
later of (i)                     ,
 _____ 
and (ii) the date on which the conditions precedent set forth in
Section 2.5(B) in respect of such increase have been satisfied. In connection with such
requested increase in the Aggregate Commitment, the Borrowers, the Administrative Agent and
                     (the “Accepting Bank”) hereby agree as follows:

1. Effective as of the Effective Date, [the Accepting Bank shall become a party to the Credit
Agreement as a Lender and shall have all of the rights and obligations of a Lender thereunder and
shall thereupon have a Commitment under and for purposes of the Credit Agreement in an amount equal
to the] [the Commitment of the Accepting Bank under the Credit Agreement shall be increased from
$                     to the] amount set forth opposite the Accepting Bank’s name on the signature page
hereof.

[2. The Accepting Bank hereby (i) confirms that it has received a copy of the Credit
Agreement, together with copies of the financial statements and such other documents and
information as it has deemed appropriate to make its own credit analysis and decision to enter into
this Commitment and Acceptance Agreement; (ii) agrees that it will, independently and without
reliance upon the Administrative Agent or any other Lender and based on such documents and
information as it shall deem appropriate at the time, continue to make its own credit decisions in
taking or not taking action under the Credit Agreement; (iii) appoints and authorizes the
Administrative Agent to take such action as contractual representative on its behalf and to
exercise such powers under the Credit Agreement and the other Loan Documents as are delegated to
the Administrative Agent by the terms thereof, together with such powers as are reasonably
incidental thereto; (iv) confirms, to the extent required under the Dutch Banking Act and the Dutch
Exemption Regulation, it is a PMP, (v) confirms it is aware that it does not benefit from the
protection offered by the Dutch Banking Act to Lenders which are not PMPs and (vi) agrees that it
will perform in accordance with their terms all of the obligations which by the terms of the Credit
Agreement are required to be performed by it as a Lender]

 

4

 

3. The Company on behalf of all of the Borrowers hereby represents and warrants that as of the
date hereof and as of the Effective Date, no event shall have occurred and then be continuing which
constitutes a Default or an Unmatured Default.

4. THIS COMMITMENT AND ACCEPTANCE AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE INTERNAL LAWS (INCLUDING SECTION 735 ILCS 105/5-1 ET SEQ. BUT OTHERWISE WITHOUT REGARD TO
THE CONFLICTS OF LAWS PROVISIONS) OF THE STATE OF ILLINOIS.

5. This Commitment and Acceptance Agreement may be executed in one or more counterparts, each
of which shall be deemed an original, but all of which taken together shall constitute one and the
same instrument.

IN WITNESS WHEREOF, the parties hereto have caused this Commitment and Acceptance Agreement to
be executed by their respective officers thereunto duly authorized, as of the date first above
written.

	 	 	 	 	 	 	 	 	 
	 	 	CHICAGO BRIDGE & IRON COMPANY N.V.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By: Chicago Bridge & Iron Company B.V., its Managing Director	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Administrative Agent	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	COMMITMENT	 	ACCEPTING BANK	 	 
	 
	 	 	 	 	 	 	 	 
	$                    	 	[BANK]	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

 

5

 

Reaffirmations of Guarantors

Each of the undersigned hereby acknowledges receipt of the foregoing Commitment and
Acceptance. Capitalized terms used in this Reaffirmation and not defined herein shall have the
meanings given to them in the Credit Agreement referred to in the foregoing Commitment and
Acceptance. Without in any way establishing a course of dealing by the Administrative Agent or any
Lender, the undersigned reaffirms the terms and conditions of the Guaranty dated as of August 22,
2003 executed by it and acknowledges and agrees that such Guaranty and each and every other Loan
Document executed by the undersigned in connection with the Credit Agreement remain in full force
and effect and are hereby ratified, reaffirmed and confirmed. All references to the Credit
Agreement contained in the above-referenced documents shall be a reference to the Credit Agreement
as so amended by the Commitment and Acceptance and as the same may from time to time hereafter be
amended, modified or restated. The failure of any Guarantor to sign this Reaffirmation shall not
release, discharge or otherwise affect the obligations of any of the Guarantors hereunder or under
the Guaranty.

[SIGNATURE BLOCKS FOR GUARANTORS]

 

6

 

 

Schedule 1.1.1 — Permitted Existing Indebtedess

In 000’s of USD Equivalent

As of March 31, 2010

	 	 	 	 	 	 	 
	 	 	 	 	(in 000s)	 
	Company	 	Party	 	US$	 
	Section (a) — Borrowed Money
	 	 	 	 	 	 
	CBI Venezolana S.A.
	 	Banco Venezolano de Credito	 	 	583	 
	 
	 	 	 	 	 	 
	Chicago Bridge & Iron Company N.V.
	 	Various	 	 	120,000	 
	Chicago Bridge & Iron Company
	 	Bank Lenders	 	 	 	 
	 
	 	 	 	 	 	 
	Section (b) — Deferred Purchase Price
	 	 	 	 	N/A	 
	 
	 	 	 	 	 	 
	Section (c) — Lien Obligations
	 	 	 	 	N/A	 
	 
	 	 	 	 	 	 
	Section (d) — Notes
	 	 	 	 	N/A	 
	 
	 	 	 	 	 	 
	Section (e) — Capitalized Leases
	 	 	 	 	N/A	 
	 
	 	 	 	 	 	 
	Section (f) — Contingent Obligations	 	Refer to Schedule 1.1.4
	 
	 
	 	 	 	 	 	 
	Section (g) — Financial Letters of Credit	 	as of 3.31.10
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	In 000s of	 
	Issued By	 	Currency	 	 	In 000s of local	 	 	USD	 
	ANZ Australian-New Zealand Banking Group
	 	PGK	 	 	4.6	 	 	 	1.7	 
	ANZ Australian-New Zealand Banking Group
	 	PGK	 	 	32.2	 	 	 	12.0	 
	Calyon Bank, New York
	 	USD	 	 	4,361.0	 	 	 	4,361.0	 
	Calyon Bank, New York
	 	SGD	 	 	222.9	 	 	 	159.3	 
	Calyon Bank, New York
	 	USD	 	 	5,325.4	 	 	 	5,325.4	 
	Commerzbank AG
	 	EUR	 	 	106.8	 	 	 	144.3	 
	Commerzbank AG
	 	EUR	 	 	265.0	 	 	 	358.0	 
	HSBC Bank, Australia
	 	AUD	 	 	195.5	 	 	 	179.3	 
	HSBC Bank, Australia
	 	AUD	 	 	39.7	 	 	 	36.4	 
	HSBC Bank, Australia
	 	AUD	 	 	61.5	 	 	 	56.4	 
	HSBC Bank, Australia
	 	AUD	 	 	600.0	 	 	 	550.3	 
	JPMorgan Chase Bank, N.A.
	 	USD	 	 	3,030.0	 	 	 	3,030.0	 
	JPMorgan Chase Bank, N.A.
	 	USD	 	 	23,100.0	 	 	 	23,100.0	 
	JPMorgan Chase Bank, N.A.
	 	USD	 	 	915.0	 	 	 	915.0	 
	JPMorgan Chase Bank, N.A.
	 	USD	 	 	2,000.0	 	 	 	2,000.0	 
	JPMorgan Chase Bank, N.A.
	 	USD	 	 	4,436.8	 	 	 	4,436.8	 
	Mashreq Bank
	 	AED	 	 	30.0	 	 	 	8.2	 
	Mashreq Bank
	 	AED	 	 	160.0	 	 	 	43.6	 
	Mashreq Bank
	 	AED	 	 	50.0	 	 	 	13.6	 
	Saudi American Bank
	 	SAR	 	 	28.1	 	 	 	7.5	 
	Saudi American Bank
	 	SAR	 	 	63.4	 	 	 	16.9	 
	Saudi American Bank
	 	SAR	 	 	394.5	 	 	 	105.2	 
	Saudi American Bank
	 	SAR	 	 	157.3	 	 	 	41.9	 
	Saudi American Bank
	 	SAR	 	 	665.1	 	 	 	177.4	 
	Saudi American Bank
	 	SAR	 	 	365.7	 	 	 	97.5	 
	Saudi American Bank
	 	SAR	 	 	381.7	 	 	 	101.8	 
	Saudi American Bank
	 	SAR	 	 	291.7	 	 	 	77.8	 
	Saudi American Bank
	 	SAR	 	 	50.0	 	 	 	13.3	 
	Standard Bank
	 	ZAR	 	 	2.5	 	 	 	0.3	 
	Grand Total
	 	 	 	 	 	 	 	 	 	 	45,371.0	 
	 
	 	 	 	 	 	 	 	 	 	 	 

Refer to Schedule 1.1.4 for a list of all Performance & Financial Letters of Credit

	 	 	 	 	 
	Section (h) — Off-Balance Sheet Liabilities
	 	 	 	 
	Sale & Leaseback of Plainfield Facility
	 	 	33,813	 
	Section (j) — Disqualified Stock
	 	 	N/A	 

 

 

 

 

Schedule 1.1.2 — Permitted Existing Investments

As of March 31, 2010

As of March 31, 2010, the Company had invested $176.4 million of its excess cash in overnight funds and money market funds at JP Morgan Chase Bank NA, Bank of America NA, Northern Trust, PNC Bank, Amegy Bank, Allied Irish Bank, Bank of New York, Comerica Bank, Fifth Third Bank and US Bank.

The Company has investments in the following list of entities:

Arabian CBI Ltd.

Arabian CBI Tank Manufacturing Company Limited

CBI (Malaysia)Sdn. Bhd.

Chicago Bridge & Iron Company (Egypt) LLC

Horton CBI, Limited

CBI (Philippines) Inc.

CBI (Thailand) Limited

Chicago Bridge & Iron Company LLC

Catalytic Distillation Tech (CDTECH)

CBI Clough JV Pte. Ltd

Chevron Lummus Global (CLG)

Please refer to Schedule 6.8 for a more detailed presentation.

 

 

 

 

Schedule 1.1.3 — Permitted Existing Liens

In 000’s of USD Equivalent

As of March 31, 2010

None

 

 

 

Schedule 1.1.4 — Permitted Existing Contingent Obligations

Consolidated Letters of Credit and Bank Guarantees

As of March 31, 2010

Sum of Amount O/S in 000s USD

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Currency of	 	 	 	 
	Entity Name	 	LC Number	 	Issued By	 	Beneficiary	 	Purpose	 	Effective Date	 	 	Expiry Date	 	 	CCY	 	Issue	 	 	Value in USD	 
	Arabian CBI Ltd.
	 	3000368880	 	Saudi American Bank	 	Ministry of Foreign Affairs	 	Financial	 	 	11/22/2006	 	 	 	10/30/2010	 	 	SAR	 	 	291.7	 	 	 	77.8	 
	Arabian CBI Ltd.
	 	3000368994	 	Saudi American Bank	 	Saad Specialist Hospital	 	Financial	 	 	2/6/2007	 	 	 	2/4/2011	 	 	SAR	 	 	50.0	 	 	 	13.3	 
	Arabian CBI Ltd.
	 	3000369582	 	Saudi American Bank	 	Saudi Kayan Petrochemical Co.	 	Performance	 	 	10/24/2007	 	 	 	1/29/2011	 	 	SAR	 	 	1,796.6	 	 	 	479.1	 
	Arabian CBI Ltd.
	 	3000390413	 	Saudi American Bank	 	JGC Corporation	 	Performance	 	 	8/13/2008	 	 	 	1/30/2011	 	 	USD	 	 	3,691.6	 	 	 	3,691.6	 
	Arabian CBI Ltd.
	 	3000390414	 	Saudi American Bank	 	Samsung Saudi Arabia Ltd.	 	Warranty	 	 	8/13/2008	 	 	 	1/30/2011	 	 	USD	 	 	462.4	 	 	 	462.4	 
	Arabian CBI Ltd.
	 	3000390636	 	Saudi American Bank	 	Saudi Kayan Petrochemical Co.	 	Performance	 	 	10/21/2008	 	 	 	10/31/2011	 	 	USD	 	 	484.2	 	 	 	484.2	 
	Arabian CBI Ltd.
	 	3000390704	 	Saudi American Bank	 	Contract and Trading (C.A.T.)	 	Performance	 	 	10/29/2008	 	 	 	4/14/2010	 	 	USD	 	 	1,034.7	 	 	 	1,034.7	 
	Arabian CBI Ltd.
	 	3000390891	 	Saudi American Bank	 	Saudi Archirodon Ltd.	 	Performance	 	 	12/17/2008	 	 	 	3/10/2011	 	 	SAR	 	 	1,550.0	 	 	 	413.3	 
	Arabian CBI Ltd.
	 	3000390892	 	Saudi American Bank	 	Saudi Archirodon Ltd.	 	Advance	 	 	12/17/2008	 	 	 	4/30/2010	 	 	SAR	 	 	161.3	 	 	 	43.0	 
	Arabian CBI Ltd.
	 	3000390948	 	Saudi American Bank	 	SABIC Services Ltd.	 	Warranty	 	 	12/30/2008	 	 	 	5/31/2010	 	 	USD	 	 	370.3	 	 	 	370.3	 
	Arabian CBI Ltd.
	 	GCU/CG0705861	 	Standard Chartered Bank, Dubai	 	Saudi Kayan Petrochemical Company	 	Retention	 	 	11/7/2007	 	 	 	12/31/2010	 	 	USD	 	 	3,043.7	 	 	 	3,043.7	 
	Arabian CBI Ltd.
	 	PEB/CCO/059289/B	 	HSBC Bank, Middle East	 	JGC Arabia Limited	 	Performance	 	 	8/8/2005	 	 	 	4/30/2010	 	 	SAR	 	 	6,476.3	 	 	 	1,726.9	 
	Arabian CBI Ltd.
	 	SB07/4029	 	Arab Banking Corporation	 	Middle East Engineering & Development Co.Ltd	 	Performance	 	 	5/15/2007	 	 	 	5/18/2010	 	 	USD	 	 	867.0	 	 	 	867.0	 
	Arabian CBI Ltd.
	 	SB07/4031	 	Arab Banking Corporation	 	Saudi Kayan Petrochemical  Co.	 	Performance	 	 	7/7/2007	 	 	 	10/15/2011	 	 	USD	 	 	4,379.3	 	 	 	4,379.3	 
	Arabian CBI Ltd.
	 	SB08/4153	 	Arab Banking Corporation	 	C.A.T International Limited	 	Performance	 	 	2/20/2008	 	 	 	5/15/2011	 	 	USD	 	 	4,132.7	 	 	 	4,132.7	 
	Arabian CBI Ltd.
	 	3000391597	 	Saudi American Bank	 	Saudi Kayan Petrochemical Co.	 	Retention	 	 	5/19/2009	 	 	 	12/31/2010	 	 	USD	 	 	3,298.7	 	 	 	3,298.7	 
	Arabian CBI Ltd.
	 	3000392001	 	Saudi American Bank	 	Ministry of Foreign Affairs	 	Tax Bond	 	 	8/11/2009	 	 	 	7/30/2010	 	 	SAR	 	 	218.1	 	 	 	58.1	 
	Arabian CBI Ltd.
	 	3000392023	 	Saudi American Bank	 	Gama Industry Arabia Ltd.	 	Performance	 	 	8/19/2009	 	 	 	8/1/2011	 	 	USD	 	 	353.3	 	 	 	353.3	 
	Arabian CBI Ltd.
	 	3000392036	 	Saudi American Bank	 	Saudi Polymers Co.	 	Performance	 	 	8/25/2009	 	 	 	12/31/2010	 	 	USD	 	 	142.6	 	 	 	142.6	 
	Arabian CBI Ltd.
	 	3000392071	 	Saudi American Bank	 	El Seif Engineering	 	Advance	 	 	9/6/2009	 	 	 	11/4/2010	 	 	SAR	 	 	1,797.0	 	 	 	479.2	 
	Arabian CBI Ltd.
	 	3000392203	 	Saudi American Bank	 	JGC Arabia Limited	 	Performance	 	 	10/10/2009	 	 	 	7/31/2012	 	 	SAR	 	 	7,215.0	 	 	 	1,923.9	 
	Arabian CBI Ltd.
	 	3000392204	 	Saudi American Bank	 	JGC Arabia Limited	 	Advance	 	 	10/10/2009	 	 	 	7/31/2011	 	 	SAR	 	 	7,215.0	 	 	 	1,923.9	 
	Arabian CBI Ltd.
	 	3000392357	 	Saudi American Bank	 	Al Latifia Trading	 	Advance	 	 	11/15/2009	 	 	 	6/30/2010	 	 	SAR	 	 	515.6	 	 	 	137.5	 
	Arabian CBI Ltd.
	 	3000392354	 	Saudi American Bank	 	ESEC/CCC-JV	 	Performance	 	 	11/15/2009	 	 	 	1/25/2012	 	 	SAR	 	 	1,797.0	 	 	 	479.2	 
	Arabian CBI Ltd.
	 	3000392411	 	Saudi American Bank	 	M.S. Al Suwaidi Industrial Services	 	Retention	 	 	11/25/2009	 	 	 	6/16/2011	 	 	SAR	 	 	5,784.3	 	 	 	1,542.4	 
	Arabian CBI Ltd.
	 	3000392410	 	Saudi American Bank	 	M.S. Al Suwaidi Industrial Services	 	Performance	 	 	11/25/2009	 	 	 	6/16/2011	 	 	SAR	 	 	5,784.3	 	 	 	1,542.4	 
	Arabian CBI Ltd.
	 	3000392409	 	Saudi American Bank	 	M.S. Al Suwaidi Industrial Services	 	Performance	 	 	11/25/2009	 	 	 	1/7/2011	 	 	SAR	 	 	2,888.0	 	 	 	770.1	 
	Arabian CBI Ltd.
	 	3000392412	 	Saudi American Bank	 	M.S. Al Suwaidi Industrial Services	 	Retention	 	 	11/25/2009	 	 	 	1/7/2011	 	 	SAR	 	 	2,888.0	 	 	 	770.1	 
	Arabian CBI Ltd.
	 	3000392426	 	Saudi American Bank	 	M.S. Al Suwaidi Industrial Services	 	Advance	 	 	12/6/2009	 	 	 	6/16/2011	 	 	SAR	 	 	13,008.5	 	 	 	3,468.7	 
	Arabian CBI Ltd.
	 	3000392391	 	Saudi American Bank	 	Snamprogetti S.p.A	 	Performance	 	 	11/22/2009	 	 	 	6/5/2012	 	 	SAR	 	 	5,284.6	 	 	 	1,409.1	 
	Arabian CBI Ltd.
	 	3000392389	 	Saudi American Bank	 	Snamprogetti S.p.A	 	Advance	 	 	11/22/2009	 	 	 	6/5/2012	 	 	SAR	 	 	5,284.6	 	 	 	1,409.1	 
	Arabian CBI Ltd.
	 	3000392592	 	Saudi American Bank	 	Snamprogetti S.p.A	 	Retention	 	 	12/29/2009	 	 	 	6/5/2012	 	 	SAR	 	 	5,284.6	 	 	 	1,409.1	 
	Arabian CBI Ltd.
	 	HOU/S/06271	 	Riyad Bank, Houston	 	JGC Arabia Limited	 	Refundment	 	 	12/23/2009	 	 	 	1/31/2011	 	 	SAR	 	 	6,864.0	 	 	 	1,830.3	 
	Arabian CBI Ltd.
	 	3000392634	 	Saudi American Bank	 	King Abdul Aziz Port	 	Financial	 	 	1/6/2010	 	 	 	1/24/2012	 	 	SAR	 	 	28.1	 	 	 	7.5	 
	Arabian CBI Ltd.
	 	3000392749	 	Saudi American Bank	 	King Abdul Aziz Port	 	Financial	 	 	1/26/2010	 	 	 	1/13/2011	 	 	SAR	 	 	63.4	 	 	 	16.9	 
	Arabian CBI Ltd.
	 	3000392842	 	Saudi American Bank	 	Samsung Engineering Co. Ltd., Seoul	 	Warranty	 	 	2/10/2010	 	 	 	5/17/2011	 	 	SAR	 	 	548.2	 	 	 	146.2	 
	Arabian CBI Ltd.
	 	3000392870	 	Saudi American Bank	 	King Abdul Aziz Port	 	Financial	 	 	2/16/2010	 	 	 	2/4/2011	 	 	SAR	 	 	394.5	 	 	 	105.2	 
	Arabian CBI Ltd.
	 	3000392968	 	Saudi American Bank	 	King Abdul Aziz Port	 	Financial	 	 	3/7/2010	 	 	 	2/22/2011	 	 	SAR	 	 	157.3	 	 	 	41.9	 
	Arabian CBI Ltd.
	 	3000392969	 	Saudi American Bank	 	King Abdul Aziz Port	 	Financial	 	 	3/7/2010	 	 	 	2/22/2011	 	 	SAR	 	 	665.1	 	 	 	177.4	 
	Arabian CBI Ltd.
	 	3000392970	 	Saudi American Bank	 	King Abdul Aziz Port	 	Financial	 	 	3/7/2010	 	 	 	2/22/2011	 	 	SAR	 	 	365.7	 	 	 	97.5	 
	Arabian CBI Ltd.
	 	3000393002	 	Saudi American Bank	 	Snamprogetti S.p.A	 	Performance	 	 	3/14/2010	 	 	 	12/31/2010	 	 	SAR	 	 	321.8	 	 	 	85.8	 
	Arabian CBI Ltd.
	 	3000393081	 	Saudi American Bank	 	King Abdul Aziz Port	 	Financial	 	 	3/27/2010	 	 	 	3/11/2011	 	 	SAR	 	 	381.7	 	 	 	101.8	 
	Arabian CBI Ltd.
	 	GCU/CG1000920	 	Standard Chartered Bank, Dubai	 	Mitsubishi Heavy Industries Ltd.	 	Warranty	 	 	2/16/2010	 	 	 	7/31/2012	 	 	USD	 	 	3,076.5	 	 	 	3,076.5	 
	CB&I Europe B.V. — Fujian
	 	80247	 	HSBC Bank, Australia	 	CNOOC Fujian LNG Co. Ltd.	 	Retention	 	 	10/21/2008	 	 	 	9/17/2010	 	 	USD	 	 	170.0	 	 	 	170.0	 
	CB&I Europe B.V. — Fujian
	 	GCU/CG0900298	 	Standard Chartered Bank, Dubai	 	CNOOC-Fujian LNG Co. Ltd.	 	Performance	 	 	1/21/2009	 	 	 	6/21/2011	 	 	USD	 	 	14,366.8	 	 	 	14,366.8	 
	CB&I Europe B.V. — Fujian
	 	GCU/CG0900300	 	Standard Chartered Bank, Dubai	 	CNOOC-Fujian LNG Co. Ltd.	 	Advance	 	 	1/21/2009	 	 	 	6/21/2011	 	 	USD	 	 	106.0	 	 	 	106.0	 
	CB&I Europe B.V. — Fujian
	 	GCU/CG0900315	 	Standard Chartered Bank, Dubai	 	CNOOC-Fujian LNG Co. Ltd.	 	Advance	 	 	2/17/2009	 	 	 	6/21/2011	 	 	USD	 	 	407.2	 	 	 	407.2	 
	CB&I Europe B.V. — Fujian
	 	GCU/CG0900687	 	Standard Chartered Bank, Dubai	 	CNOOC Fujian LNG Co. Ltd.	 	Advance	 	 	2/12/2009	 	 	 	6/21/2011	 	 	USD	 	 	854.0	 	 	 	854.0	 
	CB&I Europe B.V. — Fujian
	 	GCU/CG0900688	 	Standard Chartered Bank, Dubai	 	CNOOC Fujian LNG Co. Ltd.	 	Advance	 	 	2/12/2009	 	 	 	6/21/2011	 	 	USD	 	 	2,372.2	 	 	 	2,372.2	 
	CB&I Europe B.V. — Fujian
	 	GCU/CG1000195	 	Standard Chartered Bank, Dubai	 	CNOOC-Fujian LNG Co. Ltd.	 	Advance	 	 	1/18/2010	 	 	 	6/21/2011	 	 	USD	 	 	1,268.9	 	 	 	1,268.9	 
	CB&I Europe B.V. — Fujian
	 	GCU/CG1000196	 	Standard Chartered Bank, Dubai	 	CNOOC-Fujian LNG Co. Ltd.	 	Advance	 	 	1/18/2010	 	 	 	6/21/2011	 	 	USD	 	 	1,165.5	 	 	 	1,165.5	 

 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Currency of	 	 	 	 
	Entity Name	 	LC Number	 	Issued By	 	Beneficiary	 	Purpose	 	Effective Date	 	 	Expiry Date	 	 	CCY	 	Issue	 	 	Value in USD	 
	CB&I Europe B.V. — Fujian
	 	GCU/CG1000197	 	Standard Chartered Bank, Dubai	 	CNOOC-Fujian LNG Co. Ltd.	 	Advance	 	 	1/18/2010	 	 	 	6/21/2011	 	 	USD	 	 	2,198.5	 	 	 	2,198.5	 
	CB&I Lummus Alireza Co. Ltd.
	 	3000364474	 	Saudi American Bank (SAMBA)	 	Al Jubail Petrochemical Company	 	Performance	 	 	1/23/2000	 	 	 	1/23/2011	 	 	SAR	 	 	54.3	 	 	 	14.5	 
	CB&I Lummus Alireza Co. Ltd.
	 	HOU/S/05886	 	Riyad Bank, Houston	 	Al-Jubail Petrochemical Company (Kemya)	 	Performance	 	 	5/21/2008	 	 	 	7/21/2010	 	 	USD	 	 	5,000.0	 	 	 	5,000.0	 
	CB&I Lummus B.V.
	 	2008.005.941	 	ING Bank	 	Essent Projects B.V.	 	Performance	 	 	7/10/2008	 	 	 	12/31/2012	 	 	EUR	 	 	2,217.5	 	 	 	2,995.8	 
	CB&I Lummus B.V.
	 	2008.010.637	 	ING Bank	 	NV Nederlandse Gasunie	 	Other	 	 	12/23/2008	 	 	 	12/31/2011	 	 	EUR	 	 	5,000.0	 	 	 	6,755.0	 
	CB&I Lummus B.V.
	 	504BGA0800732	 	Deutsche Bank AG	 	Sanpaolo IMI S. p. A.	 	Performance	 	 	1/24/2008	 	 	 	5/7/2010	 	 	EUR	 	 	3,013.9	 	 	 	4,071.7	 
	CB&I Lummus B.V.
	 	504BGA0800734	 	Deutsche Bank AG	 	Sanpaolo IMI S. p. A.	 	Retention	 	 	1/24/2008	 	 	 	5/7/2010	 	 	EUR	 	 	1,506.9	 	 	 	2,035.9	 
	CB&I Lummus B.V.
	 	504BGA0800716	 	Deutsche Bank AG	 	INA Industrija Nafte d.d.	 	Performance	 	 	1/9/2008	 	 	 	12/31/2010	 	 	EUR	 	 	71.6	 	 	 	96.7	 
	CB&I Lummus B.V.
	 	09G830181	 	ABN AMRO Bank, N.V., Rotterdam	 	Indian Oil Corporation Ltd.	 	Advance	 	 	8/1/2009	 	 	 	4/15/2014	 	 	EUR	 	 	671.9	 	 	 	907.8	 
	CB&I Lummus B.V.
	 	09G830261	 	ABN AMRO Bank, N.V., Rotterdam	 	Nuon Zuidwending B.V.	 	Performance	 	 	9/1/2009	 	 	 	5/10/2011	 	 	EUR	 	 	325.0	 	 	 	439.1	 
	CB&I Lummus B.V.
	 	09G830687	 	ABN AMRO Bank, N.V., Rotterdam	 	OAO Nizhnekamskneftekhim	 	Performance	 	 	10/19/2009	 	 	 	10/15/2012	 	 	EUR	 	 	219.0	 	 	 	295.9	 
	CB&I Lummus B.V.
	 	09G831084	 	ABN AMRO Bank, N.V., Rotterdam	 	Shell Nederland Raffinaderij B.V.	 	Performance	 	 	11/30/2009	 	 	 	7/28/2010	 	 	EUR	 	 	242.0	 	 	 	326.9	 
	CB&I Lummus B.V.
	 	K630057	 	ING Bank	 	Gassled JV	 	Performance	 	 	2/4/2010	 	 	 	1/31/2014	 	 	EUR	 	 	617.5	 	 	 	834.3	 
	CB&I Lummus B.V.
	 	K636390	 	ING Bank	 	Egyptian Petrochemicals Holding Co.	 	Payment	 	 	2/22/2010	 	 	 	10/11/2010	 	 	USD	 	 	400.0	 	 	 	400.0	 
	CB&I Lummus B.V.
	 	10G831501	 	ABN AMRO Bank, N.V., Rotterdam	 	Gasunie Zuidwending B.V.	 	Advance	 	 	3/30/2010	 	 	 	6/30/2010	 	 	EUR	 	 	115.8	 	 	 	156.4	 
	CB&I Lummus B.V.
	 	10G831502	 	ABN AMRO Bank, N.V., Rotterdam	 	Gasunie Zuidwending B.V.	 	Performance	 	 	3/30/2010	 	 	 	11/14/2011	 	 	EUR	 	 	115.8	 	 	 	156.4	 
	CB&I Lummus B.V.
	 	10G831528	 	ABN AMRO Bank, N.V., Rotterdam	 	Association Sonatrach Total Cespa	 	Performance	 	 	1/1/2010	 	 	 	5/4/2010	 	 	USD	 	 	100.0	 	 	 	100.0	 
	CB&I Lummus Crest Mauritius
	 	09G823902	 	ABN AMRO Bank, N.V., Rotterdam	 	Nagarjuna Oil Corporation Limited (NOCL)	 	Performance	 	 	2/9/2009	 	 	 	1/31/2014	 	 	EUR	 	 	2,640.0	 	 	 	3,566.6	 
	CB&I Lummus GmbH
	 	FRWAV70059790301	 	Commerzbank AG	 	Grupa LOTOS	 	Performance	 	 	9/26/2008	 	 	 	5/30/2011	 	 	EUR	 	 	11,162.5	 	 	 	15,080.5	 
	CB&I Lummus GmbH
	 	KYJAV70009020001	 	Commerzbank AG	 	OMV	 	Performance	 	 	9/17/2008	 	 	 	7/4/2010	 	 	EUR	 	 	3,284.3	 	 	 	4,437.1	 
	CB&I Lummus GmbH
	 	KYJAV70011250001	 	Commerzbank AG	 	OMV	 	Performance	 	 	10/29/2008	 	 	 	7/4/2010	 	 	EUR	 	 	3,284.3	 	 	 	4,437.1	 
	CB&I Lummus GmbH
	 	KYJAV70013410001	 	Commerzbank AG	 	OMV	 	Performance	 	 	12/3/2008	 	 	 	7/4/2010	 	 	EUR	 	 	133.3	 	 	 	180.2	 
	CB&I Lummus GmbH
	 	MAKAV06352000200	 	Commerzbank AG	 	Alphabet-Dr.Langhauser	 	Performance	 	 	12/18/2006	 	 	 	5/30/2010	 	 	EUR	 	 	7.7	 	 	 	10.4	 
	CB&I Lummus GmbH
	 	MAKAV06352000300	 	Commerzbank AG	 	Alphabet-Dr.Özdemir	 	Performance	 	 	12/18/2006	 	 	 	5/30/2010	 	 	EUR	 	 	7.7	 	 	 	10.4	 
	CB&I Lummus GmbH
	 	FRWAV70083880301	 	Commerzbank AG	 	Slovnaft	 	Performance	 	 	7/1/2009	 	 	 	6/30/2012	 	 	EUR	 	 	105.0	 	 	 	141.9	 
	CB&I Lummus GmbH
	 	MAKAV02280000101	 	Commerzbank AG	 	Sicherung ATZ	 	Financial	 	 	7/26/2004	 	 	 	12/31/2016	 	 	EUR	 	 	265.0	 	 	 	358.0	 
	CB&I Lummus Pte Ltd.
	 	008837025	 	Calyon Bank, New York	 	Ascendas (Tuas) Pte Ltd.	 	Financial	 	 	3/29/2010	 	 	 	12/30/2010	 	 	SGD	 	 	222.9	 	 	 	159.3	 
	CB&I Lummus s.r.o.
	 	08G818783	 	ABN AMRO Bank, N.V., Rotterdam	 	INA Industrija Nafte, Rijeka, Croatia	 	Advance	 	 	2/18/2008	 	 	 	6/20/2010	 	 	EUR	 	 	331.3	 	 	 	447.6	 
	CB&I Lummus s.r.o.
	 	08G818784	 	ABN AMRO Bank, N.V., Rotterdam	 	INA Industrija Nafte, Rijeka, Croatia	 	Performance	 	 	2/18/2008	 	 	 	6/20/2011	 	 	EUR	 	 	1,990.0	 	 	 	2,688.5	 
	CB&I Lummus s.r.o.
	 	08G818951	 	ABN AMRO Bank, N.V., Rotterdam	 	Petrom SA, Bucharest Rumania	 	Performance	 	 	2/27/2008	 	 	 	3/31/2012	 	 	EUR	 	 	322.0	 	 	 	435.0	 
	CB&I Lummus s.r.o.
	 	08G819153	 	ABN AMRO Bank, N.V., Rotterdam	 	Synthos PBR s.r.o., Kralupy, Czech Republic	 	Performance	 	 	3/14/2008	 	 	 	9/27/2011	 	 	CZK	 	 	1,650.0	 	 	 	87.4	 
	CB&I Lummus s.r.o.
	 	08G821416	 	ABN AMRO Bank, N.V., Rotterdam	 	Petrom SA, Bucharest, Rumania	 	Performance	 	 	8/7/2008	 	 	 	4/30/2012	 	 	EUR	 	 	10.0	 	 	 	13.4	 
	CB&I Lummus s.r.o.
	 	08G821548	 	ABN AMRO Bank, N.V., Rotterdam	 	Slovnaft a.s, Bratislava, Slovak Republic	 	Performance	 	 	8/22/2008	 	 	 	7/31/2011	 	 	EUR	 	 	280.0	 	 	 	378.3	 
	CB&I Lummus s.r.o.
	 	08G822280	 	ABN AMRO Bank, N.V., Rotterdam	 	Petrom SA, Bucharest	 	Performance	 	 	10/21/2008	 	 	 	8/30/2012	 	 	EUR	 	 	309.4	 	 	 	418.0	 
	CB&I Lummus s.r.o.
	 	09G824087	 	ABN AMRO Bank, N.V., Rotterdam	 	Synthos PBR s.r.o., Kralupy, Czech Republic	 	Advance	 	 	2/6/2009	 	 	 	7/30/2011	 	 	CZK	 	 	22,525.0	 	 	 	1,193.8	 
	CB&I Lummus s.r.o.
	 	HTFZ22630	 	CSOB Ceskoslovenska Obchodini Banka	 	Spolek pro Chemickou V’yrobu	 	Performance	 	 	6/11/2008	 	 	 	7/31/2010	 	 	CZK	 	 	813.7	 	 	 	43.1	 
	CB&I Lummus s.r.o.
	 	09G824086	 	ABN AMRO Bank, N.V., Rotterdam	 	Synthos PBR s.r.o., Kralupy, Czech Republic	 	Performance	 	 	3/13/2009	 	 	 	12/30/2012	 	 	CZK	 	 	22,525.0	 	 	 	1,193.8	 
	CB&I Lummus s.r.o.
	 	FRWAV70093400201	 	Commerzbank AG	 	Naftna Industrija Srbije	 	Advance	 	 	10/27/2009	 	 	 	12/31/2012	 	 	EUR	 	 	14,408.1	 	 	 	19,465.3	 
	CB&I Lummus s.r.o.
	 	FRWAV70093380201	 	Commerzbank AG	 	Naftna Industrija Srbije	 	Performance	 	 	10/27/2009	 	 	 	10/14/2014	 	 	EUR	 	 	6,003.4	 	 	 	8,110.6	 
	CB&I UK Limited
	 	715837053	 	Calyon Bank, New York	 	GNL Quintero S.A.	 	Retention	 	 	6/7/2007	 	 	 	9/20/2010	 	 	USD	 	 	8,725.9	 	 	 	8,725.9	 
	CB&I UK Limited
	 	10847 AC 00001	 	De Nationale Borg	 	Portland Gas Storage Ltd.	 	Performance	 	 	11/20/2008	 	 	 	11/30/2010	 	 	GBP	 	 	267.5	 	 	 	406.2	 
	CB&I UK Limited
	 	10847 AC 00002	 	De Nationale Borg	 	HSBC - Agip Kazakhstan North Caspian Operating Co. N.V.	 	Advance	 	 	2/12/2009	 	 	 	2/10/2011	 	 	GBP	 	 	750.0	 	 	 	1,138.8	 
	CB&I UK Limited
	 	10847 AC 00003	 	De Nationale Borg	 	Agip Kazakhstan North Caspian Operating Co. N.V.	 	Retention	 	 	2/9/2009	 	 	 	2/10/2011	 	 	GBP	 	 	1,100.0	 	 	 	1,670.2	 
	CB&I UK Limited
	 	779-02-0053968-I	 	Standard Chartered Bank, London	 	HM Customs and Excise	 	VAT Deferment Bond	 	 	4/20/2005	 	 	 	12/30/2010	 	 	GBP	 	 	1,000.0	 	 	 	1,518.4	 
	CB&I UK Limited
	 	10847 AC 00005	 	De Nationale Borg	 	Shell Development Kashagan B.V.	 	Retention	 	 	3/15/2010	 	 	 	7/1/2012	 	 	GBP	 	 	2,100.0	 	 	 	3,188.6	 
	CB&I UK Limited
	 	AETEB/GTY/1069611/B	 	HSBC Bank, Middle East	 	Eni Tunisia B.V.	 	Tender	 	 	3/22/2010	 	 	 	7/1/2010	 	 	USD	 	 	500.0	 	 	 	500.0	 
	CB&I UK Limited — Isle of Grain
	 	T401109	 	The Royal Bank of Scotland	 	National Grid Grain LNG Limited	 	Performance	 	 	8/3/2006	 	 	 	11/27/2010	 	 	GBP	 	 	12,383.1	 	 	 	18,802.5	 
	CB&I UK Limited — Isle of Grain
	 	T403114	 	The Royal Bank of Scotland	 	National Grid Grain LNG Limited	 	Retention	 	 	5/1/2008	 	 	 	2/10/2013	 	 	GBP	 	 	11,316.1	 	 	 	17,182.3	 
	CB&I UK Limited — South Hook
	 	10847 AA 00024	 	De Nationale Borg	 	South Hook LNG Terminal Company Ltd.	 	Performance	 	 	10/16/2006	 	 	 	12/31/2011	 	 	GBP	 	 	8,896.7	 	 	 	13,508.8	 
	CB&I UK Limited — South Hook
	 	G832	 	Qatar National Bank SAQ	 	South Hook LNG Terminal Company Limited	 	Performance	 	 	11/1/2004	 	 	 	12/31/2011	 	 	GBP	 	 	24,998.9	 	 	 	37,958.3	 
	CB&I UK Limited — South Hook
	 	G838	 	Qatar National Bank SAQ	 	South Hook LNG Terminal Company Limited	 	Performance	 	 	1/14/2005	 	 	 	12/31/2011	 	 	GBP	 	 	16,796.0	 	 	 	25,503.0	 
	CB&I, Inc.
	 	9701	 	Abu Dhabi International Bank, Inc.	 	Yemen LNG Company Ltd.	 	Performance	 	 	8/12/2007	 	 	 	9/26/2011	 	 	USD	 	 	7,295.2	 	 	 	7,295.2	 
	CB&I, Inc.
	 	S730463	 	National Bank of Kuwait	 	Qatar Fertiliser Company S.A.Q.	 	Performance	 	 	6/22/2007	 	 	 	5/31/2010	 	 	USD	 	 	1,585.3	 	 	 	1,585.3	 
	CB&I, Inc.
	 	S730496	 	National Bank of Kuwait	 	Qatar Fertiliser Company S.A.Q.	 	Performance	 	 	3/4/2009	 	 	 	8/27/2010	 	 	USD	 	 	1,585.3	 	 	 	1,585.3	 
	CBI Constructors FZE
	 	PPU/LA8838 / MEAE2AE07G401854	 	ABN AMRO Bank, N.V., Dubai	 	Jebel Ali Free Zone Authority	 	Labor	 	 	7/26/2001	 	 	 	7/25/2010	 	 	AED	 	 	75.0	 	 	 	20.4	 
	CBI Constructors Pty. Limited
	 	20095	 	HSBC Bank, Australia	 	ANZ Bank	 	Financial	 	 	12/24/2003	 	 	 	6/30/2010	 	 	AUD	 	 	195.5	 	 	 	179.3	 
	CBI Constructors Pty. Limited
	 	21197	 	ANZ Australian-New Zealand Banking Group	 	Internal Revenue PNG	 	Financial	 	 	10/21/1997	 	 	 	7/21/2010	 	 	PGK	 	 	32.2	 	 	 	12.0	 
	CBI Constructors Pty. Limited
	 	70134	 	HSBC Bank, Australia	 	RISC PTY Ltd.	 	Financial	 	 	8/30/2007	 	 	 	9/1/2010	 	 	AUD	 	 	39.7	 	 	 	36.4	 

 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Currency of	 	 	 	 
	Entity Name	 	LC Number	 	Issued By	 	Beneficiary	 	Purpose	 	Effective Date	 	 	Expiry Date	 	 	CCY	 	Issue	 	 	Value in USD	 
	CBI Constructors Pty. Limited
	 	70188	 	HSBC Bank, Australia	 	Woodside Burrup PTY Ltd.	 	Performance	 	 	11/9/2007	 	 	 	4/30/2010	 	 	AUD	 	 	21,339.7	 	 	 	19,572.8	 
	CBI Constructors Pty. Limited
	 	70212	 	HSBC Bank, Australia	 	Woodside Energy Ltd.	 	Performance	 	 	12/3/2007	 	 	 	8/31/2010	 	 	AUD	 	 	2,000.0	 	 	 	1,834.4	 
	CBI Constructors Pty. Limited
	 	80209	 	HSBC Bank, Australia	 	Woodside Energy Ltd.	 	Performance	 	 	8/19/2008	 	 	 	7/31/2010	 	 	AUD	 	 	1,520.0	 	 	 	1,394.1	 
	CBI Constructors Pty. Limited
	 	80301	 	HSBC Bank, Australia	 	BP Australia Pty Ltd.	 	Performance	 	 	12/11/2008	 	 	 	10/1/2010	 	 	AUD	 	 	389.3	 	 	 	357.1	 
	CBI Constructors Pty. Limited
	 	80304	 	HSBC Bank, Australia	 	BP Australia Pty Ltd.	 	Performance	 	 	12/11/2008	 	 	 	4/10/2011	 	 	AUD	 	 	371.2	 	 	 	340.5	 
	CBI Constructors Pty. Limited
	 	3335992	 	ANZ Australian-New Zealand Banking Group	 	Shepparton Waterboard	 	Performance	 	 	11/27/1992	 	 	 	7/27/2010	 	 	AUD	 	 	8.0	 	 	 	7.3	 
	CBI Constructors Pty. Limited
	 	29070196-A	 	ANZ Australian-New Zealand Banking Group	 	Collector of Customs PNG	 	Financial	 	 	7/31/1996	 	 	 	7/31/2010	 	 	PGK	 	 	4.6	 	 	 	1.7	 
	CBI Constructors Pty. Limited
	 	90139	 	HSBC Bank, Australia	 	Cutmere Pty. Ltd.	 	Security	 	 	8/11/2009	 	 	 	2/28/2012	 	 	AUD	 	 	362.6	 	 	 	332.6	 
	CBI Constructors Pty. Limited
	 	90153	 	HSBC Bank, Australia	 	BP Australia Pty Ltd.	 	Performance	 	 	8/24/2009	 	 	 	4/28/2010	 	 	AUD	 	 	233.6	 	 	 	214.3	 
	CBI Constructors Pty. Limited
	 	90154	 	HSBC Bank, Australia	 	BP Australia Pty Ltd.	 	Performance	 	 	8/24/2009	 	 	 	4/27/2011	 	 	AUD	 	 	233.6	 	 	 	214.3	 
	CBI Constructors Pty. Limited
	 	90199	 	HSBC Bank, Australia	 	Epping Real Estate Pty Ltd.	 	Financial	 	 	11/18/2009	 	 	 	3/31/2010	 	 	AUD	 	 	61.5	 	 	 	56.4	 
	CBI Constructors Pty. Limited
	 	90200	 	HSBC Bank, Australia	 	Saji Pty Ltd.	 	Financial	 	 	11/19/2009	 	 	 	11/22/2019	 	 	AUD	 	 	600.0	 	 	 	550.3	 
	CBI Constructors Pty. Limited
	 	90215	 	HSBC Bank, Australia	 	Rio Tinto Aluminium Pty Ltd.	 	Performance	 	 	12/1/2009	 	 	 	12/1/2010	 	 	AUD	 	 	6,371.0	 	 	 	5,843.5	 
	CBI Constructors Pty. Limited
	 	100046	 	HSBC Bank, Australia	 	Rio Tinto Aluminium Pty Ltd.	 	Performance	 	 	3/16/2010	 	 	 	6/30/2011	 	 	AUD	 	 	133.7	 	 	 	122.6	 
	CBI Constructors S.A. (Proprietary) Limited
	 	M302406	 	Standard Bank	 	Department of Customs & Excise	 	Financial	 	 	11/7/1995	 	 	 	12/31/2010	 	 	ZAR	 	 	2.5	 	 	 	0.3	 
	CBI Eastern Anstalt
	 	9493	 	Abu Dhabi International Bank, Inc.	 	Eastern Bechtel Co., Ltd	 	Performance	 	 	3/3/2006	 	 	 	1/30/2011	 	 	USD	 	 	1,022.2	 	 	 	1,022.2	 
	CBI Eastern Anstalt
	 	9870	 	Abu Dhabi International Bank, Inc.	 	Abu Dhabi Oil Refining Company (TAKREER)	 	Performance	 	 	10/23/2008	 	 	 	2/28/2014	 	 	USD	 	 	464.5	 	 	 	464.5	 
	CBI Eastern Anstalt
	 	008302/0000/00 / MEAE2AE7G501853	 	ABN AMRO Bank, N.V., Dubai	 	Ministry of Labour	 	Labor	 	 	7/15/2001	 	 	 	7/14/2010	 	 	AED	 	 	24.0	 	 	 	6.5	 
	CBI Eastern Anstalt
	 	008330/0000/00 / MEAE2AE07G501851	 	ABN AMRO Bank, N.V., Dubai	 	Ministry of Labour	 	Labor	 	 	7/24/2001	 	 	 	7/24/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	APG/GTY/064906/B	 	HSBC Bank, Middle East	 	Qatar Shell GTL Limited	 	Advance	 	 	11/14/2006	 	 	 	9/30/2010	 	 	USD	 	 	3,276.4	 	 	 	3,276.4	 
	CBI Eastern Anstalt
	 	APG/GTY/064907/B	 	HSBC Bank, Middle East	 	Qatar Shell GTL Limited	 	Advance	 	 	11/14/2006	 	 	 	9/30/2010	 	 	GBP	 	 	177.7	 	 	 	269.8	 
	CBI Eastern Anstalt
	 	APG/GTY/064908/B	 	HSBC Bank, Middle East	 	Qatar Shell GTL Limited	 	Advance	 	 	11/14/2006	 	 	 	9/30/2010	 	 	EUR	 	 	656.9	 	 	 	887.4	 
	CBI Eastern Anstalt
	 	FNG GTY/0612013/B / GTE DOH 063537	 	HSBC Bank, Middle East	 	Qatar Shell GTL Limited	 	Tax Retention Bond	 	 	11/30/2006	 	 	 	9/30/2010	 	 	USD	 	 	100.0	 	 	 	100.0	 
	CBI Eastern Anstalt
	 	FNG GTY/082992/B & FNG DOH 087032	 	HSBC Bank, Middle East	 	Chiyoda, Snamprogetti & Co. W.L.L.	 	Tax Retention Bond	 	 	3/26/2008	 	 	 	7/26/2010	 	 	USD	 	 	2,205.2	 	 	 	2,205.2	 
	CBI Eastern Anstalt
	 	FNG GTY/0958330B / FNG DOH 097017	 	HSBC Bank, Middle East	 	Qatar Shell GTL Limited	 	Tax Retention Bond	 	 	1/29/2009	 	 	 	9/30/2010	 	 	USD	 	 	2,200.0	 	 	 	2,200.0	 
	CBI Eastern Anstalt
	 	G030505	 	Mashreq Bank	 	Ministry of Labour	 	Labor	 	 	9/11/2002	 	 	 	9/10/2010	 	 	AED	 	 	15.0	 	 	 	4.1	 
	CBI Eastern Anstalt
	 	G031219	 	Mashreq Bank	 	Ministry of Labour	 	Labor	 	 	10/21/2002	 	 	 	10/20/2010	 	 	AED	 	 	18.0	 	 	 	4.9	 
	CBI Eastern Anstalt
	 	G031797	 	Mashreq Bank	 	Ministry of Labour	 	Labor	 	 	12/1/2002	 	 	 	12/1/2010	 	 	AED	 	 	51.0	 	 	 	13.9	 
	CBI Eastern Anstalt
	 	G032192	 	Mashreq Bank	 	Ministry of Labour	 	Labor	 	 	12/30/2002	 	 	 	12/30/2010	 	 	AED	 	 	51.0	 	 	 	13.9	 
	CBI Eastern Anstalt
	 	G032738	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	2/3/2003	 	 	 	7/3/2010	 	 	AED	 	 	135.0	 	 	 	36.8	 
	CBI Eastern Anstalt
	 	G033066	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	2/24/2003	 	 	 	4/23/2010	 	 	AED	 	 	24.0	 	 	 	6.5	 
	CBI Eastern Anstalt
	 	G033317	 	Mashreq Bank	 	Ministry of Labour & Social Affairs - Labor Sector	 	Labor	 	 	3/10/2003	 	 	 	9/9/2010	 	 	AED	 	 	9.0	 	 	 	2.5	 
	CBI Eastern Anstalt
	 	G033588	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	3/25/2003	 	 	 	9/24/2010	 	 	AED	 	 	81.0	 	 	 	22.1	 
	CBI Eastern Anstalt
	 	G034082	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	4/22/2003	 	 	 	4/21/2010	 	 	AED	 	 	93.0	 	 	 	25.3	 
	CBI Eastern Anstalt
	 	G034167	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	4/27/2003	 	 	 	4/26/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G041536	 	Mashreq Bank	 	Ministry of Labour and Social Affair	 	Labor	 	 	8/8/2004	 	 	 	8/7/2010	 	 	AED	 	 	42.0	 	 	 	11.4	 
	CBI Eastern Anstalt
	 	G041830	 	Mashreq Bank	 	Ministry of Labour and Social Affair	 	Labor	 	 	8/23/2004	 	 	 	8/22/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G041943	 	Mashreq Bank	 	Ministry of Labour and Social Affair	 	Labor	 	 	8/29/2004	 	 	 	8/28/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G042249	 	Mashreq Bank	 	Ministry of Labour and Social Affair	 	Labor	 	 	9/15/2004	 	 	 	9/14/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G042480	 	Mashreq Bank	 	Ministry of Labour and Social Affair	 	Labor	 	 	9/27/2004	 	 	 	9/26/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G042598	 	Mashreq Bank	 	Ministry of Labour and Social Affair	 	Labor	 	 	10/4/2004	 	 	 	10/4/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G042845	 	Mashreq Bank	 	Ministry of Labour and Social Affair	 	Labor	 	 	10/19/2004	 	 	 	10/18/2010	 	 	AED	 	 	6.0	 	 	 	1.6	 
	CBI Eastern Anstalt
	 	G042846	 	Mashreq Bank	 	Ministry of Labour and Social Affair	 	Labor	 	 	10/19/2004	 	 	 	10/18/2010	 	 	AED	 	 	6.0	 	 	 	1.6	 
	CBI Eastern Anstalt
	 	G044076	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	1/6/2005	 	 	 	9/5/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G044192	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	1/15/2005	 	 	 	9/14/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G044292	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	1/18/2005	 	 	 	9/17/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G044485	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	2/1/2005	 	 	 	9/1/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G044693	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	2/13/2005	 	 	 	9/12/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G045098	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	3/9/2005	 	 	 	4/8/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G046934	 	Mashreq Bank	 	Ministry of Labour and Social Affairs-Labour Secto	 	Labor	 	 	6/12/2005	 	 	 	9/11/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G047122	 	Mashreq Bank	 	Ministry of Labour and Social Affair	 	Labor	 	 	6/25/2005	 	 	 	9/24/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G047228	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	6/28/2005	 	 	 	9/27/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G047498	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	7/11/2005	 	 	 	9/10/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G047848	 	Mashreq Bank	 	Ministry of Labour and Social Affairs-Labor Sector	 	Labor	 	 	8/2/2005	 	 	 	8/1/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G047973	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	8/11/2005	 	 	 	8/10/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G048182	 	Mashreq Bank	 	Ministry of Labour and Social Affair - Labor Secto	 	Labor	 	 	8/23/2005	 	 	 	8/22/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G048313	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	8/30/2005	 	 	 	8/29/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G048417	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	9/7/2005	 	 	 	9/6/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 

 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Currency of	 	 	 	 
	Entity Name	 	LC Number	 	Issued By	 	Beneficiary	 	Purpose	 	Effective Date	 	 	Expiry Date	 	 	CCY	 	Issue	 	 	Value in USD	 
	CBI Eastern Anstalt
	 	G048567	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	9/14/2005	 	 	 	9/13/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G048832	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	9/29/2005	 	 	 	9/28/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G048837	 	Mashreq Bank	 	Ministry of Economy and Plannning	 	Trade License Guarantee	 	 	10/1/2005	 	 	 	10/1/2010	 	 	AED	 	 	50.0	 	 	 	13.6	 
	CBI Eastern Anstalt
	 	G048838	 	Mashreq Bank	 	Ministry of Economy and Planning	 	Trade License Guarantee	 	 	10/1/2005	 	 	 	10/1/2010	 	 	AED	 	 	50.0	 	 	 	13.6	 
	CBI Eastern Anstalt
	 	G049068	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	10/15/2005	 	 	 	10/14/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G049815	 	Mashreq Bank	 	Ministry of Labour & Social Affairs - Labour Secto	 	Labor	 	 	11/24/2005	 	 	 	11/23/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G049951	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	12/4/2005	 	 	 	12/3/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G049952	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	12/4/2005	 	 	 	12/3/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G050130	 	Mashreq Bank	 	Ministry of Labour and Social Affairs Labor Sector	 	Labor	 	 	12/12/2005	 	 	 	12/11/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G050332	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	12/22/2005	 	 	 	12/21/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G050450	 	Mashreq Bank	 	Abu Dhabi National Oil Company for Distribution	 	Warranty	 	 	12/28/2005	 	 	 	12/28/2010	 	 	AED	 	 	500.0	 	 	 	136.1	 
	CBI Eastern Anstalt
	 	G050558	 	Mashreq Bank	 	Jebel Ali Free Zone Authority	 	Labor	 	 	1/12/2006	 	 	 	8/11/2010	 	 	AED	 	 	50.0	 	 	 	13.6	 
	CBI Eastern Anstalt
	 	G050929	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	1/31/2006	 	 	 	4/30/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G050944	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	2/2/2006	 	 	 	4/1/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G051180	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	2/15/2006	 	 	 	4/14/2010	 	 	AED	 	 	6.0	 	 	 	1.6	 
	CBI Eastern Anstalt
	 	G052435	 	Mashreq Bank	 	Abu Dhabi National Oil Company for Distribution	 	Financial	 	 	4/19/2006	 	 	 	4/18/2010	 	 	AED	 	 	30.0	 	 	 	8.2	 
	CBI Eastern Anstalt
	 	G052967	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	5/15/2006	 	 	 	5/15/2010	 	 	AED	 	 	9.0	 	 	 	2.5	 
	CBI Eastern Anstalt
	 	G052990	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	5/15/2006	 	 	 	5/15/2010	 	 	AED	 	 	9.0	 	 	 	2.5	 
	CBI Eastern Anstalt
	 	G053316	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	6/3/2006	 	 	 	6/2/2010	 	 	AED	 	 	9.0	 	 	 	2.5	 
	CBI Eastern Anstalt
	 	G053537	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	6/14/2006	 	 	 	6/13/2010	 	 	AED	 	 	30.0	 	 	 	8.2	 
	CBI Eastern Anstalt
	 	G053539	 	Mashreq Bank	 	Jebel Ali Free Zone Authority	 	Labor	 	 	6/14/2006	 	 	 	6/13/2010	 	 	AED	 	 	75.0	 	 	 	20.4	 
	CBI Eastern Anstalt
	 	G053611	 	Mashreq Bank	 	Ministry of Labour and Social Affairs	 	Labor	 	 	6/18/2006	 	 	 	6/18/2010	 	 	AED	 	 	24.0	 	 	 	6.5	 
	CBI Eastern Anstalt
	 	G053859	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	7/1/2006	 	 	 	7/1/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G054491	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	8/1/2006	 	 	 	7/31/2010	 	 	AED	 	 	15.0	 	 	 	4.1	 
	CBI Eastern Anstalt
	 	G054507	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	8/2/2006	 	 	 	8/1/2010	 	 	AED	 	 	21.0	 	 	 	5.7	 
	CBI Eastern Anstalt
	 	G054560	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	8/6/2006	 	 	 	8/5/2010	 	 	AED	 	 	33.0	 	 	 	9.0	 
	CBI Eastern Anstalt
	 	G055396	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	9/27/2006	 	 	 	9/26/2010	 	 	AED	 	 	63.0	 	 	 	17.2	 
	CBI Eastern Anstalt
	 	G055572	 	Mashreq Bank	 	Ministry of Labour & Social Affairs - Dubai	 	Labor	 	 	10/9/2006	 	 	 	10/8/2010	 	 	AED	 	 	6.0	 	 	 	1.6	 
	CBI Eastern Anstalt
	 	G055669	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	10/15/2006	 	 	 	10/14/2010	 	 	AED	 	 	6.0	 	 	 	1.6	 
	CBI Eastern Anstalt
	 	G055918	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	11/2/2006	 	 	 	11/1/2010	 	 	AED	 	 	6.0	 	 	 	1.6	 
	CBI Eastern Anstalt
	 	G056079	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	11/14/2006	 	 	 	11/13/2010	 	 	AED	 	 	6.0	 	 	 	1.6	 
	CBI Eastern Anstalt
	 	G056125	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	11/16/2006	 	 	 	11/15/2010	 	 	AED	 	 	6.0	 	 	 	1.6	 
	CBI Eastern Anstalt
	 	G056206	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	11/21/2006	 	 	 	11/20/2010	 	 	AED	 	 	12.0	 	 	 	3.3	 
	CBI Eastern Anstalt
	 	G056290	 	Mashreq Bank	 	Ministry of Labour & Social Affairs - Abu Dhabi	 	Labor	 	 	11/26/2006	 	 	 	11/25/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G056617	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	12/17/2006	 	 	 	12/16/2010	 	 	AED	 	 	12.0	 	 	 	3.3	 
	CBI Eastern Anstalt
	 	G056624	 	Mashreq Bank	 	Ministry of Economy and Planning	 	Trade License	 	 	12/18/2006	 	 	 	12/17/2010	 	 	AED	 	 	50.0	 	 	 	13.6	 
	CBI Eastern Anstalt
	 	G056634	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	12/18/2006	 	 	 	12/17/2010	 	 	AED	 	 	21.0	 	 	 	5.7	 
	CBI Eastern Anstalt
	 	G056843	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	1/7/2007	 	 	 	9/6/2010	 	 	AED	 	 	12.0	 	 	 	3.3	 
	CBI Eastern Anstalt
	 	G057028	 	Mashreq Bank	 	Ministry of Laboiur & Social Affairs	 	Labor	 	 	1/18/2007	 	 	 	9/17/2010	 	 	AED	 	 	27.0	 	 	 	7.4	 
	CBI Eastern Anstalt
	 	G057284	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	2/8/2007	 	 	 	9/7/2010	 	 	AED	 	 	87.0	 	 	 	23.7	 
	CBI Eastern Anstalt
	 	G057586	 	Mashreq Bank	 	Ministry of Labour & Social Affairs - Abu Dhabi	 	Labor	 	 	2/28/2007	 	 	 	9/27/2010	 	 	AED	 	 	18.0	 	 	 	4.9	 
	CBI Eastern Anstalt
	 	G057587	 	Mashreq Bank	 	Ministry of Labour & Social Affairs - Dubai	 	Labor	 	 	2/28/2007	 	 	 	9/27/2010	 	 	AED	 	 	45.0	 	 	 	12.3	 
	CBI Eastern Anstalt
	 	G057765	 	Mashreq Bank	 	Ministry of Labour & Social Affairs - Ajman	 	Labor	 	 	3/13/2007	 	 	 	9/12/2010	 	 	AED	 	 	27.0	 	 	 	7.4	 
	CBI Eastern Anstalt
	 	G058307	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	4/17/2007	 	 	 	9/16/2010	 	 	AED	 	 	9.0	 	 	 	2.5	 
	CBI Eastern Anstalt
	 	G058364	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	4/19/2007	 	 	 	9/18/2010	 	 	AED	 	 	9.0	 	 	 	2.5	 
	CBI Eastern Anstalt
	 	G058411	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	4/23/2007	 	 	 	9/22/2010	 	 	AED	 	 	24.0	 	 	 	6.5	 
	CBI Eastern Anstalt
	 	G058746	 	Mashreq Bank	 	Ministry of Labour & Social Affairs - Dubai	 	Labor	 	 	5/14/2007	 	 	 	9/13/2010	 	 	AED	 	 	27.0	 	 	 	7.4	 
	CBI Eastern Anstalt
	 	G058831	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Ajman	 	Labor	 	 	5/20/2007	 	 	 	9/19/2010	 	 	AED	 	 	18.0	 	 	 	4.9	 
	CBI Eastern Anstalt
	 	G058915	 	Mashreq Bank	 	Ministry of Labor & social Affairs - Dubai	 	Labor	 	 	5/24/2007	 	 	 	9/23/2010	 	 	AED	 	 	27.0	 	 	 	7.4	 
	CBI Eastern Anstalt
	 	G058916	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Ajman	 	Labor	 	 	5/24/2007	 	 	 	9/23/2010	 	 	AED	 	 	33.0	 	 	 	9.0	 
	CBI Eastern Anstalt
	 	G059084	 	Mashreq Bank	 	Ministry of Labor & social Affairs - Dubai	 	Labor	 	 	6/6/2007	 	 	 	6/5/2010	 	 	AED	 	 	18.0	 	 	 	4.9	 
	CBI Eastern Anstalt
	 	G059345	 	Mashreq Bank	 	Ministry of Labor & social Affairs - Dubai	 	Labor	 	 	6/24/2007	 	 	 	6/23/2010	 	 	AED	 	 	21.0	 	 	 	5.7	 
	CBI Eastern Anstalt
	 	G059346	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Ajman	 	Labor	 	 	6/24/2007	 	 	 	6/23/2010	 	 	AED	 	 	30.0	 	 	 	8.2	 
	CBI Eastern Anstalt
	 	G059409	 	Mashreq Bank	 	Ministry of Labor and Social Affairs - Ajman	 	Labor	 	 	6/27/2007	 	 	 	6/26/2010	 	 	AED	 	 	18.0	 	 	 	4.9	 
	CBI Eastern Anstalt
	 	G059685	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Ajman	 	Labor	 	 	7/15/2007	 	 	 	7/14/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G059735	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	7/17/2007	 	 	 	7/16/2010	 	 	AED	 	 	6.0	 	 	 	1.6	 
	CBI Eastern Anstalt
	 	G059745	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Ajman	 	Labor	 	 	7/18/2007	 	 	 	7/17/2010	 	 	AED	 	 	24.0	 	 	 	6.5	 
	CBI Eastern Anstalt
	 	G059746	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	7/18/2007	 	 	 	7/17/2010	 	 	AED	 	 	18.0	 	 	 	4.9	 

 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Currency of	 	 	 	 
	Entity Name	 	LC Number	 	Issued By	 	Beneficiary	 	Purpose	 	Effective Date	 	 	Expiry Date	 	 	CCY	 	Issue	 	 	Value in USD	 
	CBI Eastern Anstalt
	 	G059770	 	Mashreq Bank	 	Jebel Ali FreeZone Authority	 	Labor	 	 	7/19/2007	 	 	 	7/18/2010	 	 	AED	 	 	50.0	 	 	 	13.6	 
	CBI Eastern Anstalt
	 	G059922	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	7/29/2007	 	 	 	7/28/2010	 	 	AED	 	 	18.0	 	 	 	4.9	 
	CBI Eastern Anstalt
	 	G059959	 	Mashreq Bank	 	Ministry of Labour & Social Affairs	 	Labor	 	 	8/1/2007	 	 	 	7/31/2010	 	 	AED	 	 	21.0	 	 	 	5.7	 
	CBI Eastern Anstalt
	 	G060582	 	Mashreq Bank	 	Ministry of Labor and Social Affairs	 	Labor	 	 	9/20/2007	 	 	 	9/19/2010	 	 	AED	 	 	15.0	 	 	 	4.1	 
	CBI Eastern Anstalt
	 	G060655	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	9/26/2007	 	 	 	9/25/2010	 	 	AED	 	 	30.0	 	 	 	8.2	 
	CBI Eastern Anstalt
	 	G061034	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Ajman	 	Labor	 	 	10/30/2007	 	 	 	10/29/2010	 	 	AED	 	 	21.0	 	 	 	5.7	 
	CBI Eastern Anstalt
	 	G061383	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Ajman	 	Labor	 	 	11/26/2007	 	 	 	11/25/2010	 	 	AED	 	 	12.0	 	 	 	3.3	 
	CBI Eastern Anstalt
	 	G061434	 	Mashreq Bank	 	Star Energy Resources Ltd.	 	Advance	 	 	11/29/2007	 	 	 	8/28/2010	 	 	USD	 	 	438.5	 	 	 	438.5	 
	CBI Eastern Anstalt
	 	G061451	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Ajman	 	Labor	 	 	12/3/2007	 	 	 	12/2/2010	 	 	AED	 	 	6.0	 	 	 	1.6	 
	CBI Eastern Anstalt
	 	G061782-A	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	12/30/2007	 	 	 	12/29/2010	 	 	AED	 	 	18.0	 	 	 	4.9	 
	CBI Eastern Anstalt
	 	G061808	 	Mashreq Bank	 	Jebel Ali Free Zone Authority	 	Labor	 	 	1/3/2008	 	 	 	1/2/2011	 	 	AED	 	 	100.0	 	 	 	27.2	 
	CBI Eastern Anstalt
	 	G061826	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Ajman	 	Labor	 	 	1/6/2008	 	 	 	1/5/2011	 	 	AED	 	 	6.0	 	 	 	1.6	 
	CBI Eastern Anstalt
	 	G061907	 	Mashreq Bank	 	Ministry of Labour & Social Affairs - Ajman	 	Labor	 	 	1/15/2008	 	 	 	1/14/2011	 	 	AED	 	 	9.0	 	 	 	2.5	 
	CBI Eastern Anstalt
	 	G062224	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Ajman	 	Labor	 	 	2/7/2008	 	 	 	9/7/2010	 	 	AED	 	 	6.0	 	 	 	1.6	 
	CBI Eastern Anstalt
	 	G062312	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Ajman	 	Labor	 	 	2/14/2008	 	 	 	9/13/2010	 	 	AED	 	 	9.0	 	 	 	2.5	 
	CBI Eastern Anstalt
	 	G062384	 	Mashreq Bank	 	Ministry of Labor & Social Affairs - Ajman	 	Labor	 	 	2/19/2008	 	 	 	9/18/2010	 	 	AED	 	 	3.0	 	 	 	0.8	 
	CBI Eastern Anstalt
	 	G062558	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	3/3/2008	 	 	 	9/2/2010	 	 	AED	 	 	6.0	 	 	 	1.6	 
	CBI Eastern Anstalt
	 	G062726	 	Mashreq Bank	 	Ministry of Labor & Social Affairs	 	Labor	 	 	3/12/2008	 	 	 	9/11/2010	 	 	AED	 	 	6.0	 	 	 	1.6	 
	CBI Eastern Anstalt
	 	G066639	 	Mashreq Bank	 	Enelpower S.P.A.	 	Advance	 	 	1/26/2009	 	 	 	7/26/2010	 	 	EUR	 	 	273.2	 	 	 	369.1	 
	CBI Eastern Anstalt
	 	G066781	 	Mashreq Bank	 	Emirates General Petroleum Corporation (EMARAT)	 	Performance	 	 	2/10/2009	 	 	 	6/6/2011	 	 	AED	 	 	8,502.6	 	 	 	2,315.0	 
	CBI Eastern Anstalt
	 	G066782	 	Mashreq Bank	 	Emirates General Petroleum Corporation (EMARAT)	 	Advance	 	 	2/10/2009	 	 	 	7/22/2010	 	 	AED	 	 	8,502.6	 	 	 	2,315.0	 
	CBI Eastern Anstalt
	 	G974	 	Qatar National Bank SAQ, London	 	Snamprogetti S.p.A.	 	Advance	 	 	5/8/2008	 	 	 	9/14/2011	 	 	USD	 	 	4,503.7	 	 	 	4,503.7	 
	CBI Eastern Anstalt
	 	G976	 	Qatar National Bank SAQ, London	 	Snamprogetti S.p.A.	 	Performance	 	 	5/8/2008	 	 	 	10/28/2013	 	 	EUR	 	 	545.2	 	 	 	736.6	 
	CBI Eastern Anstalt
	 	G977	 	Qatar National Bank SAQ, London	 	Snamprogetti S.p.A.	 	Performance	 	 	5/8/2008	 	 	 	10/28/2013	 	 	USD	 	 	7,150.0	 	 	 	7,150.0	 
	CBI Eastern Anstalt
	 	GCU/CG0704691	 	Standard Chartered Bank, Dubai	 	TR Offsites	 	Advance	 	 	9/9/2007	 	 	 	7/9/2010	 	 	USD	 	 	6,495.0	 	 	 	6,495.0	 
	CBI Eastern Anstalt
	 	GCU/CG0704692	 	Standard Chartered Bank, Dubai	 	TR Offsites	 	Performance	 	 	9/9/2007	 	 	 	8/31/2011	 	 	USD	 	 	4,330.0	 	 	 	4,330.0	 
	CBI Eastern Anstalt
	 	GT02/1999/0443  /  DU1/CG9920443	 	Standard Chartered Bank, Dubai	 	Jebel Ali Free Zone Authority	 	Labor	 	 	9/1/1999	 	 	 	9/30/2010	 	 	AED	 	 	100.0	 	 	 	27.2	 
	CBI Eastern Anstalt
	 	GTE/GTY/01710312B / REB DOH 070250	 	HSBC Bank, Middle East	 	Qatar Shell GTL Limited	 	Tax Retention Bond	 	 	1/22/2007	 	 	 	9/30/2010	 	 	USD	 	 	1,216.6	 	 	 	1,216.6	 
	CBI Eastern Anstalt
	 	LA12751 / MEAE2AE07G501847	 	ABN AMRO Bank, N.V., Dubai	 	Jebel Ali Free Zone Authority	 	Labor	 	 	3/10/2005	 	 	 	9/9/2010	 	 	AED	 	 	50.0	 	 	 	13.6	 
	CBI Eastern Anstalt
	 	PEB/CCO/044089/B / PEB DOH 042531	 	HSBC Bank, Middle East	 	Qatar Fuel (WOQOD)	 	Performance	 	 	11/24/2004	 	 	 	8/31/2010	 	 	QAR	 	 	2,000.0	 	 	 	549.4	 
	CBI Eastern Anstalt
	 	PEB/CCO/061333/B  / PEB DOH 061055	 	HSBC Bank, Middle East	 	Fluor Mideast Limited	 	Performance	 	 	4/3/2006	 	 	 	8/16/2011	 	 	USD	 	 	7,699.4	 	 	 	7,699.4	 
	CBI Eastern Anstalt
	 	PEB/CCO/510393/B	 	HSBC Bank, Middle East	 	Snamprogetti S.p.A.	 	Performance	 	 	9/28/2005	 	 	 	3/3/2011	 	 	USD	 	 	7,000.0	 	 	 	7,000.0	 
	CBI Eastern Anstalt
	 	PEB/GTY/0611743/B	 	HSBC Bank, Middle East	 	Qatar Shell GTL Limited	 	Performance	 	 	11/16/2006	 	 	 	9/30/2010	 	 	USD	 	 	38,930.3	 	 	 	38,930.3	 
	CBI Eastern Anstalt
	 	PEB/GTY/064693/B	 	HSBC Bank, Middle East	 	Eastern Bechtel Co. Ltd.	 	Performance	 	 	10/31/2006	 	 	 	12/31/2010	 	 	USD	 	 	240.5	 	 	 	240.5	 
	CBI Eastern Anstalt
	 	PEB/GTY/084089/B	 	HSBC Bank, Middle East	 	Eastern Bechtel Co. Ltd. (EBCL)	 	Performance	 	 	4/23/2008	 	 	 	4/30/2013	 	 	USD	 	 	39.3	 	 	 	39.3	 
	CBI Eastern Anstalt
	 	PPU/LA7801 / MEAE2AE07G501849	 	ABN AMRO Bank, N.V., Dubai	 	Jebel Ali Free Zone Authority	 	Labor	 	 	2/27/2001	 	 	 	7/27/2010	 	 	AED	 	 	50.0	 	 	 	13.6	 
	CBI Eastern Anstalt
	 	REB/GTY/080791/B / REB DOH 087011	 	HSBC Bank, Middle East	 	Qatar Shell GTL Limited	 	Tax Retention Bond	 	 	1/29/2008	 	 	 	9/30/2010	 	 	USD	 	 	4,625.0	 	 	 	4,625.0	 
	CBI Eastern Anstalt
	 	9973	 	Abu Dhabi International Bank, Inc.	 	Kuwait Paraxylene Production Company	 	Performance	 	 	6/8/2009	 	 	 	7/31/2010	 	 	USD	 	 	875.0	 	 	 	875.0	 
	CBI Eastern Anstalt
	 	9972	 	Abu Dhabi International Bank, Inc.	 	Kuwait Paraxylene Production Company	 	Performance	 	 	6/8/2009	 	 	 	7/30/2010	 	 	USD	 	 	875.0	 	 	 	875.0	 
	CBI Eastern Anstalt
	 	FNG GTY/081780/B & FNG DOH 087024	 	HSBC Bank, Middle East	 	Linde AG	 	Tax Bond	 	 	2/23/2008	 	 	 	7/23/2010	 	 	USD	 	 	141.4	 	 	 	141.4	 
	CBI Eastern Anstalt
	 	G067372	 	Mashreq Bank	 	Ministry of Labor - Abu Dhabi	 	Labor Guarantee	 	 	4/9/2009	 	 	 	9/8/2010	 	 	AED	 	 	24.0	 	 	 	6.5	 
	CBI Eastern Anstalt
	 	G067443	 	Mashreq Bank	 	Ministry of Labor - Abu Dhabi	 	Labor Guarantee	 	 	4/19/2009	 	 	 	9/18/2010	 	 	AED	 	 	27.0	 	 	 	7.4	 
	CBI Eastern Anstalt
	 	G067436	 	Mashreq Bank	 	Ministry of Labor - Abu Dhabi	 	Labor Guarantee	 	 	4/19/2009	 	 	 	9/18/2010	 	 	AED	 	 	30.0	 	 	 	8.2	 
	CBI Eastern Anstalt
	 	G067545	 	Mashreq Bank	 	Ministry of Labor - Abu Dhabi	 	Labor Guarantee	 	 	4/21/2009	 	 	 	9/20/2010	 	 	AED	 	 	150.0	 	 	 	40.8	 
	CBI Eastern Anstalt
	 	G067817	 	Mashreq Bank	 	Ministry of Labor - Abu Dhabi	 	Labor	 	 	5/18/2009	 	 	 	9/17/2010	 	 	AED	 	 	150.0	 	 	 	40.8	 
	CBI Eastern Anstalt
	 	G067857	 	Mashreq Bank	 	Ministry of Labor - Abu Dhabi	 	Labor Guarantee	 	 	5/21/2009	 	 	 	9/20/2010	 	 	AED	 	 	150.0	 	 	 	40.8	 
	CBI Eastern Anstalt
	 	G067881	 	Mashreq Bank	 	Ministry of Labor - Abu Dhabi	 	Labor Guarantee	 	 	5/24/2009	 	 	 	9/23/2010	 	 	AED	 	 	90.0	 	 	 	24.5	 
	CBI Eastern Anstalt
	 	G068194	 	Mashreq Bank	 	Ministry of Labor - Abu Dhabi	 	Labor Guarantee	 	 	6/21/2009	 	 	 	9/20/2010	 	 	AED	 	 	150.0	 	 	 	40.8	 
	CBI Eastern Anstalt
	 	G068236	 	Mashreq Bank	 	Ministry of Labor - Abu Dhabi	 	Labor Guarantee	 	 	6/23/2009	 	 	 	9/22/2010	 	 	AED	 	 	225.0	 	 	 	61.3	 
	CBI Eastern Anstalt
	 	G068235	 	Mashreq Bank	 	Ministry of Labor - Abu Dhabi	 	Labor Guarantee	 	 	6/23/2009	 	 	 	9/22/2010	 	 	AED	 	 	150.0	 	 	 	40.8	 
	CBI Eastern Anstalt
	 	GCU/CG0902515	 	Standard Chartered Bank, Dubai	 	Cabinda Gulf Oil Company, Ltd.	 	Performance	 	 	5/14/2009	 	 	 	12/31/2011	 	 	USD	 	 	2,699.3	 	 	 	2,699.3	 
	CBI Eastern Anstalt
	 	DU1/CGY304132	 	Standard Chartered Bank, Dubai	 	CBI Thailand	 	Performance	 	 	9/11/2003	 	 	 	9/19/2010	 	 	THB	 	 	80,000.0	 	 	 	2,473.7	 
	CBI Eastern Anstalt
	 	DU1/CGY304018	 	Standard Chartered Bank, Dubai	 	Standard Chartered Bank (Thai) PLC	 	Performance	 	 	9/4/2003	 	 	 	9/19/2010	 	 	USD	 	 	600.0	 	 	 	600.0	 
	CBI Eastern Anstalt
	 	10001	 	Abu Dhabi International Bank, Inc.	 	Abu Dhabi Gas Industries Ltd. (GASCO)	 	Advance	 	 	9/1/2009	 	 	 	8/28/2010	 	 	USD	 	 	52,680.4	 	 	 	52,680.4	 
	CBI Eastern Anstalt
	 	10000	 	Abu Dhabi International Bank, Inc.	 	Abu Dhabi Gas Industries Ltd. (GASCO)	 	Performance	 	 	9/1/2009	 	 	 	8/28/2010	 	 	USD	 	 	52,680.4	 	 	 	52,680.4	 
	CBI Eastern Anstalt
	 	G068464	 	Mashreq Bank	 	Ministry of Labor - Abu Dhabi	 	Labor Guarantee	 	 	7/13/2009	 	 	 	9/12/2010	 	 	AED	 	 	150.0	 	 	 	40.8	 
	CBI Eastern Anstalt
	 	G068786	 	Mashreq Bank	 	Ministry of Labor - Abu Dhabi	 	Labor Guarantee	 	 	8/10/2009	 	 	 	8/9/2010	 	 	AED	 	 	300.0	 	 	 	81.7	 
	CBI Eastern Anstalt
	 	AE/TEB/GTY/0966258/B	 	HSBC Bank, Middle East	 	Zakum Development Company (ZADCO)	 	Tender Bond	 	 	11/17/2009	 	 	 	9/2/2010	 	 	USD	 	 	500.0	 	 	 	500.0	 

 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Currency of	 	 	 	 
	Entity Name	 	LC Number	 	Issued By	 	Beneficiary	 	Purpose	 	Effective Date	 	 	Expiry Date	 	 	CCY	 	Issue	 	 	Value in USD	 
	CBI Eastern Anstalt
	 	G069946	 	Mashreq Bank	 	Star Energy Resources Ltd.	 	Retention	 	 	12/20/2009	 	 	 	1/20/2012	 	 	USD	 	 	771.2	 	 	 	771.2	 
	CBI Eastern Anstalt
	 	G069217	 	Mashreq Bank	 	Star Energy Resources Ltd.	 	Advance	 	 	10/8/2009	 	 	 	1/21/2011	 	 	USD	 	 	771.2	 	 	 	771.2	 
	CBI Eastern Anstalt
	 	G070330	 	Mashreq Bank	 	Abu Dhabi National Oil Company for Distribution	 	Financial	 	 	2/14/2010	 	 	 	1/25/2011	 	 	AED	 	 	160.0	 	 	 	43.6	 
	CBI Eastern Anstalt — GES
	 	G057128	 	Mashreq Bank	 	Ministry of Economy and Planning	 	Financial	 	 	1/28/2007	 	 	 	8/27/2010	 	 	AED	 	 	50.0	 	 	 	13.6	 
	CBI Montajes de Chile, Limitada — GNL Quintero
	 	715837056	 	Calyon Bank, New York	 	GNL Quintero S.A.	 	Retention	 	 	6/7/2007	 	 	 	9/20/2010	 	 	USD	 	 	46,508.1	 	 	 	46,508.1	 
	CBI Overseas, LLC
	 	90142 / 92784	 	HSBC Bank, Australia	 	Invista (Singapore) Pte. Ltd.	 	Warranty	 	 	8/24/2009	 	 	 	7/19/2010	 	 	USD	 	 	1,458.3	 	 	 	1,458.3	 
	CBI/ST Limited [CBI Thailand Ltd.]
	 	70228 / 74737	 	HSBC Bank, Australia	 	Star Petroleum Refining Company Limited	 	Performance	 	 	12/19/2007	 	 	 	10/30/2010	 	 	THB	 	 	27,321.0	 	 	 	844.8	 
	CBI/ST Limited [CBI Thailand Ltd.]
	 	70229 / 74736	 	HSBC Bank, Australia	 	Star Petroleum Refining Company Limited	 	Performance	 	 	12/19/2007	 	 	 	10/30/2010	 	 	USD	 	 	30.2	 	 	 	30.2	 
	Chicago Bridge & Iron Company (Illinois)
	 	EBI-PFG-0200344	 	Emirates Bank International	 	Saudi Arabian Oil Company	 	Performance	 	 	2/19/2002	 	 	 	7/1/2010	 	 	USD	 	 	5,786.1	 	 	 	5,786.1	 
	Chicago Bridge & Iron Company N.V.
	 	731337018	 	Calyon Bank, New York	 	HSBC Bank USA, N.A.	 	Financial	 	 	11/9/2007	 	 	 	3/28/2011	 	 	USD	 	 	4,361.0	 	 	 	4,361.0	 
	Chicago Bridge & Iron Company N.V.
	 	005637027	 	Calyon Bank, New York	 	Skandinaviska Enskilda Banken	 	Financial	 	 	2/25/2010	 	 	 	12/30/2010	 	 	USD	 	 	5,325.4	 	 	 	5,325.4	 
	Lummus Novolen Technology GmbH
	 	FHGAV08077000200	 	Commerzbank AG	 	IVG, Frankfurt/M, Germany	 	Financial	 	 	3/17/2008	 	 	 	3/31/2015	 	 	EUR	 	 	106.8	 	 	 	144.3	 
	Lummus Novolen Technology GmbH
	 	2004.010.814	 	ING Bank	 	China Petrochemical International Co. Ltd.	 	Advance	 	 	11/25/2004	 	 	 	10/31/2010	 	 	USD	 	 	345.9	 	 	 	345.9	 
	Lummus Novolen Technology GmbH
	 	2006.008.086	 	ING Bank	 	National Petrochemical Industrial Company	 	Advance	 	 	9/13/2006	 	 	 	7/30/2011	 	 	USD	 	 	2,833.0	 	 	 	2,833.0	 
	Lummus Novolen Technology GmbH
	 	2006.009.800	 	ING Bank	 	Shenhua Ningxia Coal Industry Group Ltd.	 	Performance	 	 	11/2/2006	 	 	 	2/14/2013	 	 	USD	 	 	1,795.0	 	 	 	1,795.0	 
	Lummus Novolen Technology GmbH
	 	2006.009.804	 	ING Bank	 	Shenhua Ningxia Coal Industry Group Ltd.	 	Performance	 	 	11/2/2006	 	 	 	2/15/2013	 	 	USD	 	 	1,673.0	 	 	 	1,673.0	 
	Lummus Novolen Technology GmbH
	 	2009.002.607	 	ING Bank	 	Brahmaputra Cracker and Polymer Limited	 	Performance	 	 	4/10/2009	 	 	 	4/1/2010	 	 	EUR	 	 	320.0	 	 	 	432.3	 
	Lummus Novolen Technology GmbH
	 	2009.002.608	 	ING Bank	 	Brahmaputra Cracker and Polymer Limited	 	Performance	 	 	4/10/2009	 	 	 	4/30/2014	 	 	EUR	 	 	240.0	 	 	 	324.2	 
	Lummus Technology Heat Transfer B.V.
	 	06G111609	 	ABN AMRO Bank, N.V., Rotterdam	 	Shell Eastern Petroleum (pte) Ltd, Singapore	 	Performance	 	 	9/21/2006	 	 	 	5/30/2011	 	 	EUR	 	 	7,000.0	 	 	 	9,457.0	 
	Lummus Technology Heat Transfer B.V.
	 	07G113682	 	ABN AMRO Bank, N.V., Rotterdam	 	NEM bv, Leiden, The Netherlands	 	Performance	 	 	2/8/2007	 	 	 	8/17/2011	 	 	EUR	 	 	860.9	 	 	 	1,163.1	 
	Lummus Technology Heat Transfer B.V.
	 	504BGA0700054	 	Deutsche Bank AG	 	Larsen & Toubro Ltd.	 	Performance	 	 	1/22/2007	 	 	 	8/9/2011	 	 	EUR	 	 	282.0	 	 	 	381.0	 
	Lummus Technology Heat Transfer B.V.
	 	504BGA0700056	 	Deutsche Bank AG	 	Larsen & Toubro Ltd.	 	Performance	 	 	1/22/2007	 	 	 	8/9/2011	 	 	EUR	 	 	2,473.0	 	 	 	3,341.0	 
	Lummus Technology Heat Transfer B.V.
	 	2009.000.557	 	ING Bank	 	OAO “Nizhnekamskneftekhim” NKNK, 4600008320 Supply	 	Performance	 	 	2/5/2009	 	 	 	6/22/2011	 	 	EUR	 	 	2,850.0	 	 	 	3,850.4	 
	Lummus Technology Heat Transfer B.V.
	 	09G830385	 	ABN AMRO Bank, N.V., Rotterdam	 	Shell Nederland Raffinaderij B.V.	 	Advance	 	 	9/16/2009	 	 	 	7/28/2010	 	 	EUR	 	 	242.0	 	 	 	326.9	 
	Lummus Technology Heat Transfer B.V.
	 	09G830386	 	ABN AMRO Bank, N.V., Rotterdam	 	Shell Nederland Raffinaderij B.V.	 	Performance	 	 	9/17/2009	 	 	 	7/28/2013	 	 	EUR	 	 	242.0	 	 	 	326.9	 
	Lummus Technology Heat Transfer B.V.
	 	FRWAV70029860101	 	Commerzbank AG	 	Shell Nederland Chemie B.V.	 	Performance	 	 	11/23/2007	 	 	 	11/11/2010	 	 	EUR	 	 	1,981.5	 	 	 	2,677.0	 
	Lummus Technology Heat Transfer B.V.
	 	10G831506	 	ABN AMRO Bank, N.V., Rotterdam	 	Shell Nederland Raffinaderij B.V.	 	Payment	 	 	1/8/2010	 	 	 	6/28/2010	 	 	EUR	 	 	726.0	 	 	 	980.8	 
	Lummus Technology Heat Transfer B.V.
	 	10G831493	 	ABN AMRO Bank, N.V., Rotterdam	 	Brahmaputra Cracker and Polymer Limited	 	Bid Proposal	 	 	1/9/2010	 	 	 	10/20/2010	 	 	USD	 	 	106.4	 	 	 	106.4	 
	Lummus Technology Heat Transfer B.V.
	 	2009.007.959	 	ING Bank	 	Samsung Engineering Co. Ltd.	 	Maintenance	 	 	2/12/2010	 	 	 	11/29/2011	 	 	USD	 	 	576.0	 	 	 	576.0	 
	Lummus Technology Heat Transfer B.V.
	 	10G832254	 	ABN AMRO Bank, N.V., Rotterdam	 	Technidas Reunidas Jubail Refinery	 	Performance	 	 	3/30/2010	 	 	 	7/12/2011	 	 	EUR	 	 	1,544.4	 	 	 	2,086.5	 
	Lummus Technology, Inc.
	 	730637048	 	Calyon Bank, New York	 	Chevron Corporation	 	Performance	 	 	11/2/2007	 	 	 	2/7/2011	 	 	USD	 	 	450.0	 	 	 	450.0	 
	Lummus Technology, Inc.
	 	730637050	 	Calyon Bank, New York	 	Chevron Corporation	 	Performance	 	 	11/2/2007	 	 	 	8/17/2011	 	 	USD	 	 	204.5	 	 	 	204.5	 
	Lummus Technology, Inc.
	 	55575609626	 	Skandinaviska Enskilda Banken	 	China Petrochemical International Co., Ltd.	 	Performance	 	 	11/16/2004	 	 	 	10/31/2010	 	 	USD	 	 	400.5	 	 	 	400.5	 
	Lummus Technology, Inc.
	 	55575609634	 	Skandinaviska Enskilda Banken	 	China Petrochemical International Co., Ltd.	 	Performance	 	 	11/16/2004	 	 	 	10/31/2010	 	 	USD	 	 	82.2	 	 	 	82.2	 
	Lummus Technology, Inc.
	 	55575635678	 	Skandinaviska Enskilda Banken	 	PT Pertamina (PERSERO)	 	Performance	 	 	1/23/2007	 	 	 	4/25/2014	 	 	USD	 	 	242.5	 	 	 	242.5	 
	Lummus Technology, Inc.
	 	55575635686	 	Skandinaviska Enskilda Banken	 	PT Pertamina (PERSERO)	 	Performance	 	 	1/23/2007	 	 	 	4/25/2014	 	 	USD	 	 	275.0	 	 	 	275.0	 
	Lummus Technology, Inc.
	 	55575638820	 	Skandinaviska Enskilda Banken	 	CPC Corporation	 	Performance	 	 	4/16/2007	 	 	 	3/27/2013	 	 	USD	 	 	1,342.0	 	 	 	1,342.0	 
	Lummus Technology, Inc.
	 	55575640086	 	Skandinaviska Enskilda Banken	 	Kuwait National Petroleum Company (K.S.C.)	 	Performance	 	 	5/25/2007	 	 	 	11/30/2014	 	 	KWD	 	 	281.9	 	 	 	976.5	 
	Lummus Technology, Inc.
	 	55575643492	 	Skandinaviska Enskilda Banken	 	Nefjtanaya Compania Rosneft Inn	 	Performance	 	 	7/30/2007	 	 	 	7/30/2011	 	 	USD	 	 	105.0	 	 	 	105.0	 
	Lummus Technology, Inc.
	 	55575644901	 	Skandinaviska Enskilda Banken	 	Shanghai SECCO Petrochemical Company Ltd.	 	Performance	 	 	9/13/2007	 	 	 	10/31/2010	 	 	USD	 	 	795.0	 	 	 	795.0	 
	Lummus Technology, Inc.
	 	55575648990	 	Skandinaviska Enskilda Banken	 	(blank)	 	Performance	 	 	12/11/2007	 	 	 	4/12/2012	 	 	USD	 	 	1,104.5	 	 	 	1,104.5	 
	Lummus Technology, Inc.
	 	777-52-0067696-L	 	Standard Chartered Bank, New York	 	Shanghai SECCO Petrochemical Company Ltd.	 	Performance	 	 	8/28/2008	 	 	 	12/31/2011	 	 	USD	 	 	945.0	 	 	 	945.0	 
	Lummus Technology, Inc.
	 	777-52-0073590-L	 	Standard Chartered Bank, New York	 	IRPC Public Company Limited	 	Performance	 	 	3/12/2009	 	 	 	7/11/2011	 	 	USD	 	 	385.0	 	 	 	385.0	 
	Lummus Technology, Inc.
	 	9963	 	Abu Dhabi International Bank, Inc.	 	Kuwait National Petroleum Company (K.S.C.)	 	Performance	 	 	5/20/2009	 	 	 	12/14/2014	 	 	KWD	 	 	281.9	 	 	 	976.5	 
	Lummus Technology, Inc.
	 	AEPEBGTY0960816B	 	HSBC Bank, Middle East	 	Sidi Kerir Petrochemicals Co. (SIDPEC)	 	Performance	 	 	5/18/2009	 	 	 	12/31/2012	 	 	USD	 	 	1,700.0	 	 	 	1,700.0	 
	Lummus Technology, Inc.
	 	AEAPGGTY0962956B	 	HSBC Bank, Middle East	 	Sidi Kerir Petrochemicals Co. (SIDPEC)	 	Advance	 	 	7/13/2009	 	 	 	4/13/2010	 	 	USD	 	 	446.3	 	 	 	446.3	 
	Lummus Technology, Inc.
	 	AEAPGGTY0962957B	 	HSBC Bank, Middle East	 	Sidi Kerir Petrochemicals Co. (SIDPEC)	 	Advance	 	 	7/13/2009	 	 	 	4/13/2010	 	 	EUR	 	 	115.5	 	 	 	156.0	 
	Lummus Technology, Inc.
	 	AEPEBGTY0962962B	 	HSBC Bank, Middle East	 	Sidi Kerir Petrochemicals Co. (SIDPEC)	 	Performance	 	 	7/13/2009	 	 	 	12/31/2013	 	 	USD	 	 	212.5	 	 	 	212.5	 
	Lummus Technology, Inc.
	 	AEPEBGTY0962961B	 	HSBC Bank, Middle East	 	Sidi Kerir Petrochemicals Co. (SIDPEC)	 	Performance	 	 	7/13/2009	 	 	 	12/31/2013	 	 	EUR	 	 	357.5	 	 	 	483.0	 
	Lummus Technology, Inc.
	 	AETEBGTY0965616B / 095195	 	HSBC Bank, Middle East	 	Gulf of Suez Petroleum Company (GUPCO)	 	Tender	 	 	10/25/2009	 	 	 	4/1/2010	 	 	USD	 	 	11.0	 	 	 	11.0	 
	Lummus Technology, Inc.
	 	HOU/S/06272	 	Riyad Bank, Houston	 	Direct Reduction Iron Company, Ltd.	 	Advance	 	 	12/23/2009	 	 	 	7/30/2010	 	 	USD	 	 	988.0	 	 	 	988.0	 
	Lummus Technology, Inc.
	 	AETEBGTY1068889B / TEB BAF 100229	 	HSBC Bank, Middle East	 	Oman Refineries and Petrochemicals Company	 	Tender	 	 	3/3/2010	 	 	 	6/6/2010	 	 	OMR	 	 	13.5	 	 	 	35.1	 
	Lummus Technology, Inc.
	 	AEAPGGTY1068810B / GTEALX100158	 	HSBC Bank, Middle East	 	Sidi Kerir Petrochemicals Co. (SIDPEC)	 	Advance	 	 	2/23/2010	 	 	 	12/31/2011	 	 	USD	 	 	165.0	 	 	 	165.0	 
	Lummus Technology, Inc.
	 	AEPEBGTY1068808B / GTEALX100159	 	HSBC Bank, Middle East	 	Sidi Kerir Petrochemicals Co. (SIDPEC)	 	Performance	 	 	2/23/2010	 	 	 	12/31/2013	 	 	USD	 	 	82.5	 	 	 	82.5	 
	Lummus Technology, Inc.
	 	09G830644	 	ABN AMRO Bank, N.V., Rotterdam	 	Haldia Petrochemicals	 	Performance	 	 	3/30/2010	 	 	 	6/6/2010	 	 	EUR	 	 	562.0	 	 	 	759.2	 
	Lummus Technology, Inc. — Heat Transfer Division
	 	504BGA0801187	 	Deutsche Bank AG	 	JGC Corporation	 	Performance	 	 	9/18/2008	 	 	 	12/14/2012	 	 	USD	 	 	14,576.8	 	 	 	14,576.8	 
	Netherlands Operating Company, B.V.
	 	09G823909	 	ABN AMRO Bank, N.V., Rotterdam	 	Nagarjuna Oil Corporation Limited (NOCL)	 	Advance	 	 	1/21/2009	 	 	 	8/30/2011	 	 	EUR	 	 	393.0	 	 	 	530.9	 
	Netherlands Operating Company, B.V.
	 	09G824798	 	ABN AMRO Bank, N.V., Rotterdam	 	Nagarjuna Oil Corporation Limited (NOCL)	 	Advance	 	 	5/7/2009	 	 	 	5/30/2013	 	 	EUR	 	 	450.0	 	 	 	608.0	 

 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Currency of	 	 	 	 
	Entity Name	 	LC Number	 	Issued By	 	Beneficiary	 	Purpose	 	Effective Date	 	 	Expiry Date	 	 	CCY	 	Issue	 	 	Value in USD	 
	Oasis Supply Company Anstalt
	 	PEB/GTY/0752152/B	 	HSBC Bank, Middle East	 	Hyundai Engineering & Construction Co. Ltd.	 	Performance	 	 	5/10/2007	 	 	 	4/18/2010	 	 	USD	 	 	978.0	 	 	 	978.0	 
	Oasis Supply Company Anstalt
	 	GCU/CG0904800	 	Standard Chartered Bank, Dubai	 	Outotec GmbH	 	Warranty	 	 	8/20/2009	 	 	 	8/1/2011	 	 	USD	 	 	530.7	 	 	 	530.7	 
	Pacific Rim Material Supply Company, Ltd.
	 	80010	 	HSBC Bank, Australia	 	Star Petroleum Refining Company	 	Performance	 	 	1/11/2008	 	 	 	10/30/2010	 	 	USD	 	 	331.3	 	 	 	331.3	 
	Pacific Rim Material Supply Company, Ltd. — Fujian
	 	10847 AA 00022	 	De Nationale Borg	 	Emmanuel Cotessat-Societe D’Advocats	 	Tax Guarantee	 	 	11/16/2005	 	 	 	7/15/2010	 	 	EUR	 	 	50.0	 	 	 	67.6	 
	Pacific Rim Material Supply Company, Ltd. — Fujian
	 	DU1/CG0505797	 	Standard Chartered Bank, Dubai	 	CNOOC Fujian LNG Co. Ltd.	 	Performance	 	 	12/19/2005	 	 	 	12/19/2012	 	 	USD	 	 	6,850.0	 	 	 	6,850.0	 
	Pacific Rim Material Supply Company, Ltd. — Fujian
	 	PEBPTH050060	 	HSBC Bank, Australia	 	CNOOC Fujian LNG Co. Ltd.	 	Performance	 	 	6/10/2005	 	 	 	9/17/2010	 	 	USD	 	 	5,012.7	 	 	 	5,012.7	 
	Southern Tropic Material Supply Company, Ltd.
	 	715837055	 	Calyon Bank, New York	 	GNL Quintero S.A.	 	Retention	 	 	6/7/2007	 	 	 	9/20/2010	 	 	USD	 	 	33,418.0	 	 	 	33,418.0	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Bi-Lat Utilization
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	719,094.9	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 
	CBI Peruana, SAC
	 	302638-2	 	JPMorgan Chase Bank, N.A.	 	Peru LNG S.R.L.	 	(blank)	 	 	1/2/2007	 	 	 	10/14/2011	 	 	USD	 	 	50,000.0	 	 	 	50,000.0	 
	CBI Peruana, SAC
	 	3086074	 	Bank of America, N.A.	 	Peru LNG S.R.L.	 	Performance	 	 	12/29/2006	 	 	 	10/14/2011	 	 	USD	 	 	81,250.0	 	 	 	81,250.0	 
	CBI Peruana, SAC
	 	302638-1	 	JPMorgan Chase Bank, N.A.	 	Peru LNG S.R.L.	 	Performance	 	 	1/2/2007	 	 	 	10/14/2011	 	 	USD	 	 	18,750.0	 	 	 	18,750.0	 
	CB&I, Inc.
	 	256940	 	JPMorgan Chase Bank, N.A.	 	Golden Pass LNG Terminal L.P.	 	Performance	 	 	11/6/2006	 	 	 	7/13/2012	 	 	USD	 	 	18,572.1	 	 	 	18,572.1	 
	CB&I, Inc.
	 	3083786	 	Bank of America, N.A.	 	Golden Pass LNG Terminal L.P.	 	Performance	 	 	8/18/2006	 	 	 	3/17/2012	 	 	USD	 	 	73,899.0	 	 	 	73,899.0	 
	CB&I, Inc.
	 	3083788	 	Bank of America, N.A.	 	Golden Pass LNG Terminal L.P.	 	Performance	 	 	8/18/2006	 	 	 	7/13/2012	 	 	USD	 	 	26,101.0	 	 	 	26,101.0	 
	Chicago Bridge & Iron Company (Delaware)
	 	SLT321426	 	JPMorgan Chase Bank, N.A.	 	JPMorgan Chase Bank, N.A.	 	Financial	 	 	5/29/2001	 	 	 	8/31/2010	 	 	USD	 	 	2,000.0	 	 	 	2,000.0	 
	Chicago Bridge & Iron Company (Delaware)
	 	SLT751064	 	JPMorgan Chase Bank, N.A.	 	Continental Casualty Company	 	Financial	 	 	2/1/2003	 	 	 	2/1/2011	 	 	USD	 	 	3,030.0	 	 	 	3,030.0	 
	Chicago Bridge & Iron Company N.V.
	 	286175	 	JPMorgan Chase Bank, N.A.	 	Zurich American Insurance Company	 	Financial	 	 	12/27/2006	 	 	 	10/24/2011	 	 	USD	 	 	915.0	 	 	 	915.0	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Credit-Linked Utilization
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	274,517.1	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 
	Arabian CBI Ltd.
	 	533636030	 	Calyon Bank, New York	 	Samsung Saudi Arabia, Ltd.	 	Performance	 	 	12/2/2005	 	 	 	4/3/2010	 	 	SAR	 	 	5,268.8	 	 	 	1,404.9	 
	Catalytic Distillation Technologies
	 	537709	 	JPMorgan Chase Bank, N.A.	 	Refineria de Cartagena, S.A.	 	Performance	 	 	8/7/2008	 	 	 	4/28/2010	 	 	USD	 	 	383.6	 	 	 	383.6	 
	Catalytic Distillation Technologies
	 	91905431	 	BNP Paribas, San Francisco	 	Petroquimica Morelos, S.A. de C.V.	 	Performance	 	 	11/19/2008	 	 	 	8/31/2010	 	 	USD	 	 	117.5	 	 	 	117.5	 
	CB&I UK Limited
	 	323904	 	JPMorgan Chase Bank, N.A.	 	GNL Quintero, S.A.	 	Performance	 	 	4/17/2007	 	 	 	9/20/2010	 	 	USD	 	 	8,725.9	 	 	 	8,725.9	 
	CB&I, Inc.
	 	338560	 	JPMorgan Chase Bank, N.A.	 	Southern LNG, Inc.	 	Performance	 	 	6/27/2007	 	 	 	8/9/2013	 	 	USD	 	 	19,608.3	 	 	 	19,608.3	 
	CB&I, Inc.
	 	538322	 	JPMorgan Chase Bank, N.A.	 	SK Energy Co., Ltd.	 	Performance	 	 	12/16/2008	 	 	 	4/21/2010	 	 	USD	 	 	54.4	 	 	 	54.4	 
	CB&I, Inc.
	 	538418	 	JPMorgan Chase Bank, N.A.	 	Marathon Petroleum Company, LLC	 	Retention	 	 	12/22/2008	 	 	 	3/31/2010	 	 	USD	 	 	746.3	 	 	 	746.3	 
	CB&I, Inc.
	 	539063	 	JPMorgan Chase Bank, N.A.	 	Flint Hills Resources, L.P.	 	Retention	 	 	2/13/2009	 	 	 	2/1/2011	 	 	USD	 	 	9,100.0	 	 	 	9,100.0	 
	CB&I, Inc.
	 	SLT410872	 	JPMorgan Chase Bank, N.A.	 	Dominion Cove Point LNG, L.P.	 	Performance	 	 	1/5/2005	 	 	 	4/30/2010	 	 	USD	 	 	24,107.5	 	 	 	24,107.5	 
	CB&I, Inc.
	 	522875	 	JPMorgan Chase Bank, N.A.	 	ConocoPhillips Company	 	Performance	 	 	9/23/2009	 	 	 	3/31/2011	 	 	USD	 	 	4,154.3	 	 	 	4,154.3	 
	CB&I, Inc.
	 	538976	 	JPMorgan Chase Bank, N.A.	 	Chevron Products Company	 	Performance	 	 	2/17/2009	 	 	 	8/1/2011	 	 	USD	 	 	1,000.0	 	 	 	1,000.0	 
	CB&I, Inc.
	 	S30654T	 	Compass Bank, N.A.	 	Pluspetrol Peru Corporation, S.A.	 	Advance	 	 	12/10/2009	 	 	 	12/10/2010	 	 	USD	 	 	16,500.0	 	 	 	16,500.0	 
	CB&I, Inc.
	 	523508	 	JPMorgan Chase Bank, N.A.	 	GS Caltex Corporation	 	Retention	 	 	1/7/2010	 	 	 	6/30/2011	 	 	USD	 	 	591.4	 	 	 	591.4	 
	CB&I, Inc.
	 	523509	 	JPMorgan Chase Bank, N.A.	 	GS Caltex Corporation	 	Retention	 	 	1/7/2010	 	 	 	6/30/2011	 	 	USD	 	 	574.0	 	 	 	574.0	 
	CB&I, Inc.
	 	523510	 	JPMorgan Chase Bank, N.A.	 	GS Caltex Corporation	 	Retention	 	 	1/7/2010	 	 	 	1/31/2011	 	 	USD	 	 	574.0	 	 	 	574.0	 
	CB&I, Inc.
	 	523751	 	JPMorgan Chase Bank, N.A.	 	WRB Refining LLC	 	Performance	 	 	2/19/2010	 	 	 	3/15/2011	 	 	USD	 	 	10,295.4	 	 	 	10,295.4	 
	CB&I, Inc.
	 	523850	 	JPMorgan Chase Bank, N.A.	 	WRB Refining LLC	 	Performance	 	 	2/19/2010	 	 	 	8/31/2011	 	 	USD	 	 	888.7	 	 	 	888.7	 
	CB&I, Inc.
	 	523851	 	JPMorgan Chase Bank, N.A.	 	Daelim Industrial Co. Ltd.	 	Performance	 	 	3/25/2010	 	 	 	5/31/2011	 	 	USD	 	 	202.8	 	 	 	202.8	 
	CBI Americas Ltd.
	 	284899	 	JPMorgan Chase Bank, N.A.	 	Refineria de Cartagena, S.A.	 	Performance	 	 	1/7/2008	 	 	 	5/31/2010	 	 	USD	 	 	8,000.0	 	 	 	8,000.0	 
	CBI Americas Ltd.
	 	3086807	 	Bank of America, N.A.	 	Petroleum Company of Trinidad and Tobago Limited	 	Performance	 	 	2/16/2007	 	 	 	1/15/2011	 	 	USD	 	 	1,600.0	 	 	 	1,600.0	 
	CBI Americas Ltd.
	 	522874	 	JPMorgan Chase Bank, N.A.	 	Petroterminal de Panama, S.A.	 	Performance	 	 	9/29/2009	 	 	 	9/30/2011	 	 	USD	 	 	21,892.5	 	 	 	21,892.5	 
	CBI Americas Ltd.
	 	91912497	 	BNP Paribas, San Francisco	 	Bariven S.A. c/o PDVSA Services, B.V.	 	Performance	 	 	1/14/2010	 	 	 	3/31/2010	 	 	USD	 	 	1,284.6	 	 	 	1,284.6	 
	CBI Americas Ltd.
	 	523542	 	JPMorgan Chase Bank, N.A.	 	Refineria Texaco de Honduras	 	Performance	 	 	1/8/2010	 	 	 	5/31/2010	 	 	USD	 	 	81.9	 	 	 	81.9	 
	CBI Company, Ltd.
	 	91909231	 	BNP Paribas, San Francisco	 	Pueblo Viejo Dominicana Corporation	 	Performance	 	 	7/10/2009	 	 	 	5/1/2010	 	 	USD	 	 	44.0	 	 	 	44.0	 
	CBI Constructors Pty. Limited
	 	91910522	 	BNP Paribas, San Francisco	 	Chevron Australia Pty. Ltd.	 	Retention	 	 	9/28/2009	 	 	 	9/29/2010	 	 	AUD	 	 	64,814.2	 	 	 	59,447.6	 
	CBI Constructors Pty. Limited-Ecuador Branch
	 	3098867	 	Bank of America, N.A.	 	Flota Petrolera Ecuatoriana (FLOPEC)	 	Performance	 	 	3/12/2009	 	 	 	3/11/2011	 	 	USD	 	 	2,487.5	 	 	 	2,487.5	 
	CBI Constructors Pty. Limited-Ecuador Branch
	 	3098909	 	Bank of America, N.A.	 	Flota Petrolera Ecuatoriana (FLOPEC)	 	Performance	 	 	4/16/2009	 	 	 	11/30/2010	 	 	USD	 	 	12,087.1	 	 	 	12,087.1	 
	CBI Montajes de Chile, Limitada — GNL Quintero
	 	323907	 	JPMorgan Chase Bank, N.A.	 	GNL Quintero, S.A.	 	Performance	 	 	4/17/2007	 	 	 	9/20/2010	 	 	USD	 	 	46,508.1	 	 	 	46,508.1	 
	CBI Montajes de Chile, Limitada — GNL Quintero
	 	S29873T	 	Compass Bank, N.A.	 	Abastecedora de Combustible, S.A.	 	Performance	 	 	12/17/2008	 	 	 	3/28/2011	 	 	UF	 	 	6.2	 	 	 	248.2	 
	CBI Montajes de Chile, Limitada — GNL Quintero
	 	S30706T	 	Compass Bank, N.A.	 	Compania de Petroleos de Chile	 	Advance	 	 	1/27/2010	 	 	 	8/3/2010	 	 	UF	 	 	4.8	 	 	 	190.6	 
	CBI Montajes de Chile, Limitada — GNL Quintero
	 	S30708T	 	Compass Bank, N.A.	 	Compania de Petroleos de Chile	 	Advance	 	 	1/26/2010	 	 	 	1/3/2011	 	 	UF	 	 	2.4	 	 	 	95.3	 
	CBI Montajes de Chile, Limitada — GNL Quintero
	 	S30709T	 	Compass Bank, N.A.	 	Compania de Petroleos de Chile	 	Advance	 	 	1/26/2010	 	 	 	2/20/2011	 	 	UF	 	 	8.1	 	 	 	322.9	 
	CBI Montajes de Chile, Limitada — GNL Quintero
	 	S30713T	 	Compass Bank, N.A.	 	Compania de Petroleos de Chile	 	Advance	 	 	1/26/2010	 	 	 	9/20/2010	 	 	UF	 	 	16.2	 	 	 	645.9	 
	CBI Montajes de Chile, Limitada — GNL Quintero
	 	S30732T	 	Compass Bank, N.A.	 	Empresa Constructora Belfi, S.A.	 	Advance	 	 	2/10/2010	 	 	 	2/20/2011	 	 	UF	 	 	21.2	 	 	 	846.2	 
	CBI Montajes de Chile, Limitada — GNL Quintero
	 	S30733T	 	Compass Bank, N.A.	 	Empresa Constructora Belfi, S.A.	 	Advance	 	 	2/10/2010	 	 	 	2/20/2011	 	 	UF	 	 	13.2	 	 	 	526.7	 
	CBI Services, Inc.
	 	578919	 	JPMorgan Chase Bank, N.A.	 	Shaw Constructors, Inc.	 	Advance	 	 	6/24/2008	 	 	 	4/30/2010	 	 	USD	 	 	1,913.9	 	 	 	1,913.9	 

 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Value in	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Currency of	 	 	 	 
	Entity Name	 	LC Number	 	Issued By	 	Beneficiary	 	Purpose	 	Effective Date	 	 	Expiry Date	 	 	CCY	 	Issue	 	 	Value in USD	 
	CBI Services, Inc.
	 	537891	 	JPMorgan Chase Bank, N.A.	 	Duke Energy Indiana, Inc.	 	Performance	 	 	6/11/2009	 	 	 	6/30/2011	 	 	USD	 	 	900.0	 	 	 	900.0	 
	CBI Services, Inc.
	 	523047	 	JPMorgan Chase Bank, N.A.	 	UGI LNG, Inc.	 	Performance	 	 	10/21/2009	 	 	 	4/19/2011	 	 	USD	 	 	22,000.0	 	 	 	22,000.0	 
	Chicago Bridge & Iron Company (Delaware)
	 	DTNLFS600248	 	ING Bank	 	Staatsolie Maatschappij Suriname N.V.	 	Bid	 	 	2/11/2010	 	 	 	6/23/2010	 	 	USD	 	 	10,000.0	 	 	 	10,000.0	 
	Chicago Bridge & Iron Company N.V.
	 	SLT750105	 	JPMorgan Chase Bank, N.A.	 	National Union Fire Insurance Co. of Pittsburgh, PA	 	Financial	 	 	10/22/2001	 	 	 	1/31/2011	 	 	USD	 	 	4,436.8	 	 	 	4,436.8	 
	Chicago Bridge Uruguay S.A.
	 	S29089T	 	Compass Bank, N.A.	 	Administracion Nacional de Combustibles, Alcohol	 	Performance	 	 	6/18/2008	 	 	 	2/15/2011	 	 	USD	 	 	823.0	 	 	 	823.0	 
	Constructora C.B.I. Limitada
	 	255306	 	JPMorgan Chase Bank, N.A.	 	Ingeneria y Construccion SIGDO Koppers S.A.	 	Performance	 	 	11/21/2007	 	 	 	10/5/2011	 	 	USD	 	 	150.0	 	 	 	150.0	 
	CSA Trading Company Ltd.
	 	538323	 	JPMorgan Chase Bank, N.A.	 	Petroterminal de Panama, S.A.	 	Performance	 	 	11/14/2008	 	 	 	7/15/2010	 	 	USD	 	 	6,326.3	 	 	 	6,326.3	 
	CSA Trading Company Ltd.
	 	3086808	 	Bank of America, N.A.	 	Petroleum Company of Trinidad and Tobago Limited	 	Performance	 	 	2/16/2007	 	 	 	1/15/2011	 	 	USD	 	 	4,900.0	 	 	 	4,900.0	 
	CSA Trading Company Ltd.
	 	91911955	 	BNP Paribas, San Francisco	 	Pueblo Viejo Dominicana Corporation	 	Performance	 	 	12/18/2009	 	 	 	12/15/2010	 	 	USD	 	 	88.0	 	 	 	88.0	 
	CSA Trading Company Ltd.
	 	S30714T	 	Compass Bank, N.A.	 	Empresa Constructora Belfi, S.A.	 	Advance	 	 	1/26/2010	 	 	 	10/7/2010	 	 	USD	 	 	3,021.1	 	 	 	3,021.1	 
	Horton CBI, Limited
	 	578867	 	JPMorgan Chase Bank, N.A.	 	Terasen Gas, Inc.	 	Retention	 	 	4/25/2008	 	 	 	2/1/2011	 	 	CAD	 	 	9,181.9	 	 	 	9,043.5	 
	Horton CBI, Limited
	 	578918	 	JPMorgan Chase Bank, N.A.	 	Sturgeon County	 	Performance	 	 	5/13/2008	 	 	 	7/1/2010	 	 	CAD	 	 	229.8	 	 	 	226.3	 
	Horton CBI, Limited
	 	649901	 	JPMorgan Chase Bank, N.A.	 	Bear Head LNG c/o Anadarko Petroleum Corp	 	Performance	 	 	8/29/2005	 	 	 	8/29/2010	 	 	USD	 	 	1,518.9	 	 	 	1,518.9	 
	Horton CBI, Limited
	 	523305	 	JPMorgan Chase Bank, N.A.	 	Imperial Oil Resources Ventures Limited	 	Performance	 	 	1/15/2010	 	 	 	4/30/2010	 	 	CAD	 	 	6,422.0	 	 	 	6,325.2	 
	Howe-Baker Engineers, Ltd.
	 	253550	 	JPMorgan Chase Bank, N.A.	 	Cabinda Gulf Oil Company, Ltd.	 	Performance	 	 	4/10/2006	 	 	 	12/1/2010	 	 	USD	 	 	32,469.5	 	 	 	32,469.5	 
	Lummus Novolen Technology GmbH
	 	538419	 	JPMorgan Chase Bank, N.A.	 	Petrochina International Co., Ltd.	 	Performance	 	 	12/19/2008	 	 	 	8/15/2010	 	 	USD	 	 	97.5	 	 	 	97.5	 
	Lummus Novolen Technology GmbH
	 	91902181	 	BNP Paribas, San Francisco	 	Guru Gobind Singh Refinery, India	 	Performance	 	 	5/23/2008	 	 	 	10/6/2011	 	 	EUR	 	 	683.0	 	 	 	922.7	 
	Lummus Novolen Technology GmbH
	 	91912121	 	BNP Paribas, San Francisco	 	Engineers of India Limited	 	Performance	 	 	12/23/2009	 	 	 	3/19/2011	 	 	EUR	 	 	438.0	 	 	 	591.7	 
	Lummus Technology, Inc.
	 	537710	 	JPMorgan Chase Bank, N.A.	 	Refineria de Cartagena, S.A.	 	Performance	 	 	8/7/2008	 	 	 	9/1/2010	 	 	USD	 	 	757.5	 	 	 	757.5	 
	Lummus Technology, Inc.
	 	577749	 	JPMorgan Chase Bank, N.A.	 	Shanghai SECCO Petrochemical Company Ltd.	 	Performance	 	 	1/14/2008	 	 	 	9/13/2010	 	 	USD	 	 	378.0	 	 	 	378.0	 
	Lummus Technology, Inc.
	 	577792	 	JPMorgan Chase Bank, N.A.	 	Shanghai SECCO Petrochemical Company Ltd.	 	Performance	 	 	1/14/2008	 	 	 	9/13/2010	 	 	USD	 	 	303.0	 	 	 	303.0	 
	Lummus Technology, Inc.
	 	578866	 	JPMorgan Chase Bank, N.A.	 	Shanghai SECCO Petrochemical Company Ltd.	 	Performance	 	 	4/28/2008	 	 	 	12/30/2010	 	 	USD	 	 	1,092.0	 	 	 	1,092.0	 
	Lummus Technology, Inc.
	 	91901292	 	BNP Paribas, San Francisco	 	Guru Gobind Singh Refinery, India	 	Performance	 	 	3/5/2008	 	 	 	9/1/2011	 	 	USD	 	 	606.0	 	 	 	606.0	 
	Lummus Technology, Inc.
	 	91903105	 	BNP Paribas, San Francisco	 	Mangalore Refinery and Petrochemical Ltd	 	Performance	 	 	7/2/2008	 	 	 	10/6/2011	 	 	USD	 	 	385.1	 	 	 	385.1	 
	Lummus Technology, Inc.
	 	91904072	 	BNP Paribas, San Francisco	 	PEMEX Refinacion	 	Performance	 	 	9/4/2008	 	 	 	8/31/2010	 	 	USD	 	 	159.5	 	 	 	159.5	 
	Lummus Technology, Inc.
	 	537711	 	JPMorgan Chase Bank, N.A.	 	Shanghai SECCO Petrochemical Company Ltd.	 	Performance	 	 	6/19/2009	 	 	 	12/9/2010	 	 	USD	 	 	619.0	 	 	 	619.0	 
	Lummus Technology, Inc.
	 	91909336	 	BNP Paribas, San Francisco	 	Brahmaputra Cracker and Polymer Limited	 	Performance	 	 	7/17/2009	 	 	 	6/21/2010	 	 	USD	 	 	670.0	 	 	 	670.0	 
	Lummus Technology, Inc.
	 	91909335	 	BNP Paribas, San Francisco	 	Brahmaputra Cracker and Polymer Limited	 	Performance	 	 	7/17/2009	 	 	 	6/26/2010	 	 	EUR	 	 	218.9	 	 	 	295.7	 
	Lummus Technology, Inc.
	 	91909337	 	BNP Paribas, San Francisco	 	Brahmaputra Cracker and Polymer Limited	 	Performance	 	 	7/17/2009	 	 	 	6/14/2011	 	 	USD	 	 	252.5	 	 	 	252.5	 
	Lummus Technology, Inc.
	 	522184	 	JPMorgan Chase Bank, N.A.	 	Shanghai SECCO Petrochemical Company Ltd.	 	Warranty	 	 	7/17/2009	 	 	 	12/9/2010	 	 	USD	 	 	654.3	 	 	 	654.3	 
	Lummus Technology, Inc.
	 	522625	 	JPMorgan Chase Bank, N.A.	 	Shanghai SECCO Petrochemical Company Ltd.	 	Performance	 	 	8/21/2009	 	 	 	1/18/2011	 	 	USD	 	 	16.7	 	 	 	16.7	 
	Lummus Technology, Inc.
	 	522656	 	JPMorgan Chase Bank, N.A.	 	Shanghai SECCO Petrochemical Company Ltd.	 	Performance	 	 	8/21/2009	 	 	 	1/18/2011	 	 	USD	 	 	16.7	 	 	 	16.7	 
	Lummus Technology, Inc.
	 	523214	 	JPMorgan Chase Bank, N.A.	 	PTT Chemical Public Company Limited	 	Performance	 	 	11/20/2009	 	 	 	8/19/2011	 	 	USD	 	 	644.0	 	 	 	644.0	 
	Lummus Technology, Inc.
	 	523215	 	JPMorgan Chase Bank, N.A.	 	PTT Chemical Public Company Limited	 	Performance	 	 	11/20/2009	 	 	 	8/19/2011	 	 	USD	 	 	1,095.0	 	 	 	1,095.0	 
	Lummus Technology, Inc.
	 	523304	 	JPMorgan Chase Bank, N.A.	 	China National Chemical Construction Shaanxi Import & Export Company	 	Performance	 	 	12/23/2009	 	 	 	1/3/2011	 	 	USD	 	 	763.5	 	 	 	763.5	 
	Lummus Technology, Inc.
	 	523511	 	JPMorgan Chase Bank, N.A.	 	Jilin Chemical Industries Import and Export Company	 	Performance	 	 	1/22/2010	 	 	 	10/29/2010	 	 	USD	 	 	914.5	 	 	 	914.5	 
	Lummus Technology, Inc.
	 	523750	 	JPMorgan Chase Bank, N.A.	 	CNPC Materials Company	 	Performance	 	 	2/4/2010	 	 	 	11/1/2010	 	 	USD	 	 	444.1	 	 	 	444.1	 
	Lummus Technology, Inc. — Heat Transfer Division
	 	522657	 	JPMorgan Chase Bank, N.A.	 	CTCI Corporation	 	Advance	 	 	9/10/2009	 	 	 	7/15/2011	 	 	USD	 	 	4,270.0	 	 	 	4,270.0	 
	Lummus Technology, Inc. — Heat Transfer Division
	 	523543	 	JPMorgan Chase Bank, N.A.	 	Samsung Total Petrochemicals Co. Ltd.	 	Performance	 	 	2/2/2010	 	 	 	2/9/2011	 	 	USD	 	 	119.0	 	 	 	119.0	 
	Oceanic Contractors, Inc.
	 	91913099	 	BNP Paribas, San Francisco	 	Pluspetrol Peru Corporation, S.A.	 	Performance	 	 	2/19/2010	 	 	 	2/23/2011	 	 	USD	 	 	45.0	 	 	 	45.0	 
	Southern Tropic Material Supply Company, Ltd.
	 	323901	 	JPMorgan Chase Bank, N.A.	 	GNL Quintero, S.A.	 	Performance	 	 	4/17/2007	 	 	 	9/20/2010	 	 	USD	 	 	33,418.0	 	 	 	33,418.0	 
	Woodlands International Insurance Company Limited
	 	246955	 	JPMorgan Chase Bank, N.A.	 	Zurich American Insurance Company	 	Financial	 	 	3/22/2006	 	 	 	3/31/2010	 	 	USD	 	 	23,100.0	 	 	 	23,100.0	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	432,111.8	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Foreign Currency Adjustment
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	2,434.0	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Revolver Utilization
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	434,545.8	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Utilization
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1,428,157.8	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

 

 

Schedule 1.1.4 — Permitted Existing Contingent Obligations

Consolidated Surety Bonds

As of March 31, 2010

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	CBI COMPANY	 	BOND NUMBER	 	BENEFICIARY	 	PURPOSE	 	ISSUE DATE	 	 	EXPIRY DATE	 	 	VALUE IN USD	 
	CB&I CONSTRUCTORS, INC.
	 	58660871	 	BOARD OF WATER COMMISSIONERS FOR THE	 	Performance & Payment	 	22-Dec-08	 	15-Feb-11	 	 	9,835,000	 
	CB&I CONSTRUCTORS, INC.
	 	58663553	 	TANGIPAHOA WATER DISTRICT	 	Performance & Payment	 	01-May-09	 	01-Apr-10	 	 	1,189,000	 
	CB&I CONSTRUCTORS, INC.
	 	58633479	 	STATE OF WYOMING	 	Wage & Welfare	 	03-Apr-09	 	03-Apr-10	 	 	16,000	 
	CB&I CONSTRUCTORS, INC.
	 	CMS226330	 	CALVERT COUNTY DEPARTMENT OF PUBLIC	 	License & Permit	 	17-Apr-09	 	17-Apr-10	 	 	136,802	 
	CB&I CONSTRUCTORS, INC.
	 	58660882	 	CITY OF MIDWEST CITY	 	Performance & Payment	 	20-Feb-09	 	20-Apr-10	 	 	1,073,330	 
	CB&I CONSTRUCTORS, INC.
	 	CMS242762	 	STATE OF MISSISSIPPI	 	License & Permit	 	22-Apr-09	 	22-Apr-10	 	 	147,595	 
	CB&I CONSTRUCTORS, INC.
	 	CMS242763	 	STATE OF MISSISSIPPI	 	License & Permit	 	22-Apr-09	 	22-Apr-10	 	 	257,880	 
	CB&I CONSTRUCTORS, INC.
	 	K07443936	 	STATE OF NEVADA	 	License & Permit	 	22-Apr-09	 	22-Apr-10	 	 	20,000	 
	CB&I CONSTRUCTORS, INC.
	 	141202	 	CITY OF AMES	 	Performance & Payment	 	04-Jan-10	 	01-May-10	 	 	53,000	 
	CB&I CONSTRUCTORS, INC.
	 	82161482	 	CENTERPOINT GARDEN CITY, LLC	 	Performance & Payment	 	15-Jul-09	 	01-May-10	 	 	1,064,927	 
	CB&I CONSTRUCTORS, INC.
	 	CMS242765	 	WAYNE COUNTY DEPARTMENT OF	 	License & Permit	 	08-May-09	 	08-May-10	 	 	1,500	 
	CB&I CONSTRUCTORS, INC.
	 	K07443985	 	ROAD COMMISSION FOR OAKLAND COUNTY	 	License & Permit	 	24-May-09	 	24-May-10	 	 	2,000	 
	CB&I CONSTRUCTORS, INC.
	 	58660889	 	CITY OF MCCOMB, MS	 	Performance & Payment	 	25-Mar-09	 	25-May-10	 	 	1,813,000	 
	CB&I CONSTRUCTORS, INC.
	 	CMS226331	 	CALVERT COUNTY DEPARTMENT OF PUBLIC	 	License & Permit	 	01-Jun-09	 	01-Jun-10	 	 	102,175	 
	CB&I CONSTRUCTORS, INC.
	 	58665760	 	CITY OF CAMERON	 	Performance & Payment	 	12-Aug-09	 	01-Jun-10	 	 	1,246,000	 
	CB&I CONSTRUCTORS, INC.
	 	141151	 	CITY OF WAMEGO	 	Performance & Payment	 	22-Sep-09	 	10-Jun-10	 	 	917,000	 
	CB&I CONSTRUCTORS, INC.
	 	K08232714	 	COTUIT WATER DEPARTMENT	 	Performance & Payment	 	01-Dec-08	 	30-Jun-10	 	 	1,635,500	 
	CB&I CONSTRUCTORS, INC.
	 	K08031149	 	STATE OF NEW MEXICO	 	License & Permit	 	01-Jul-09	 	01-Jul-10	 	 	10,000	 
	CB&I CONSTRUCTORS, INC.
	 	K08233159	 	CITY OF NACOGDOCHES, TX	 	Performance & Payment	 	05-May-09	 	14-Jul-10	 	 	1,233,000	 
	CB&I CONSTRUCTORS, INC.
	 	82138259	 	KING GEORGE COUNTY SERVICE AUTHORITY	 	Performance & Payment	 	15-May-08	 	15-Jul-10	 	 	1,488,000	 
	CB&I CONSTRUCTORS, INC.
	 	K08233251	 	CITY OF MARYSVILLE, KANSAS	 	Performance & Payment	 	15-May-09	 	15-Jul-10	 	 	1,009,000	 
	CB&I CONSTRUCTORS, INC.
	 	K08031186	 	CITY OF GONZALES, LA	 	License & Permit	 	18-Jul-09	 	18-Jul-10	 	 	5,000	 
	CB&I CONSTRUCTORS, INC.
	 	K08031216	 	STATE OF LOUISIANA	 	License & Permit	 	28-Jul-09	 	28-Jul-10	 	 	116,950	 
	CB&I CONSTRUCTORS, INC.
	 	58656313	 	MARSHALLTOWN WATER WORKS	 	Performance & Payment	 	31-Oct-08	 	31-Jul-10	 	 	1,259,000	 
	CB&I CONSTRUCTORS, INC.
	 	58663552	 	HAMMOND WATER DISTRICT	 	Performance & Payment	 	01-Jun-09	 	01-Aug-10	 	 	1,971,000	 
	CB&I CONSTRUCTORS, INC.
	 	58663576	 	DIRECTOR OF FINANCE, HOWARD COUNTY, MD	 	Performance & Payment	 	01-Aug-09	 	01-Aug-10	 	 	1,723,660	 
	CB&I CONSTRUCTORS, INC.
	 	82154883	 	VILLAGE OF OSWEGO	 	Performance & Payment	 	01-Apr-09	 	01-Aug-10	 	 	2,769,000	 
	CB&I CONSTRUCTORS, INC.
	 	58618537	 	CITY OF AUBURN, ALABAMA	 	License & Permit	 	04-Aug-09	 	04-Aug-10	 	 	5,000	 
	CB&I CONSTRUCTORS, INC.
	 	58663554	 	MARSHFIELD UTILITIES	 	Performance & Payment	 	15-Jun-09	 	15-Aug-10	 	 	1,341,000	 
	CB&I CONSTRUCTORS, INC.
	 	K07445076	 	STATE OF MISSISSIPPI	 	License & Permit	 	17-Aug-09	 	17-Aug-10	 	 	43,645	 
	CB&I CONSTRUCTORS, INC.
	 	81558756	 	JACOBS ENGINEERING AS AGENT FOR FLINT	 	Payment	 	23-Aug-09	 	23-Aug-10	 	 	264,008	 
	CB&I CONSTRUCTORS, INC.
	 	82154836	 	CITY OF ST. JOSEPH	 	Performance & Payment	 	01-Sep-08	 	26-Aug-10	 	 	2,867,000	 
	CB&I CONSTRUCTORS, INC.
	 	58663575	 	GREENVILLE SANITARY DISTRICT	 	Performance & Payment	 	30-Jun-09	 	30-Aug-10	 	 	1,810,000	 
	CB&I CONSTRUCTORS, INC.
	 	58663561	 	CITY OF HIGH POINT	 	Performance & Payment	 	30-Jun-09	 	31-Aug-10	 	 	2,862,000	 
	CB&I CONSTRUCTORS, INC.
	 	82154854	 	CITY OF DUBLIN	 	Performance & Payment	 	03-Nov-08	 	03-Sep-10	 	 	4,528,000	 
	CB&I CONSTRUCTORS, INC.
	 	CMS242774	 	STATE OF MISSISSIPPI	 	License & Permit	 	09-Sep-09	 	09-Sep-10	 	 	54,145	 
	CB&I CONSTRUCTORS, INC.
	 	CMS242775	 	STATE OF MISSISSIPPI	 	License & Permit	 	09-Sep-09	 	09-Sep-10	 	 	55,405	 
	CB&I CONSTRUCTORS, INC.
	 	58663569	 	CITY OF WYOMING	 	Performance & Payment	 	01-Jun-09	 	15-Sep-10	 	 	859,000	 
	CB&I CONSTRUCTORS, INC.
	 	82161453	 	CITY OF PEARL	 	Performance & Payment	 	15-Jun-09	 	15-Sep-10	 	 	1,547,000	 
	CB&I CONSTRUCTORS, INC.
	 	58663566	 	CITY OF ARLINGTON TEXAS	 	Performance & Payment	 	21-May-09	 	21-Sep-10	 	 	3,231,000	 
	CB&I CONSTRUCTORS, INC.
	 	141172	 	CITY OF MENDOTA, IL	 	Performance & Payment	 	15-Nov-09	 	01-Oct-10	 	 	1,660,000	 
	CB&I CONSTRUCTORS, INC.
	 	58618541	 	STATE OF CALIFORNIA	 	License & Permit	 	04-Oct-09	 	04-Oct-10	 	 	12,500	 
	CB&I CONSTRUCTORS, INC.
	 	TB6389	 	DILLINGHAM-RAY WILSON	 	Judicial	 	09-Oct-09	 	09-Oct-10	 	 	261,721	 
	CB&I CONSTRUCTORS, INC.
	 	141148	 	CITY OF ALAMOSA	 	Performance & Payment	 	18-Sep-09	 	15-Oct-10	 	 	2,227,000	 
	CB&I CONSTRUCTORS, INC.
	 	82154866	 	CITY OF OREGON, OH	 	Performance & Payment	 	31-Dec-08	 	15-Oct-10	 	 	3,427,200	 
	CB&I CONSTRUCTORS, INC.
	 	K07444400	 	COUNTY OF PORTER AND ALL CITIES AND	 	License & Permit	 	16-Oct-09	 	16-Oct-10	 	 	5,000	 
	CB&I CONSTRUCTORS, INC.
	 	82168390	 	TEICHERT CONSTRUCTION	 	Performance & Payment	 	03-Aug-09	 	25-Oct-10	 	 	792,400	 
	CB&I CONSTRUCTORS, INC.
	 	K08309826	 	THE CITY OF RIPON, CA	 	Maintenance Bond	 	31-Oct-09	 	31-Oct-10	 	 	100,000	 
	CB&I CONSTRUCTORS, INC.
	 	142641	 	STOUGHTON UTILITIES	 	Performance & Payment	 	28-Sep-09	 	31-Oct-10	 	 	1,239,500	 
	CB&I CONSTRUCTORS, INC.
	 	141160	 	VILLAGE OF FRANKFORT	 	Performance & Payment	 	01-Nov-09	 	01-Nov-10	 	 	2,259,000	 
	CB&I CONSTRUCTORS, INC.
	 	141176	 	IOWA REGIONAL UTILITIES ASSOCIATION, D/B/A	 	Performance & Payment	 	30-Nov-09	 	01-Nov-10	 	 	839,000	 
	CB&I CONSTRUCTORS, INC.
	 	141194	 	IOWA REGIONAL UTILITIES ASSOCIATION, D/B/A	 	Performance & Payment	 	18-Dec-09	 	01-Nov-10	 	 	1,098,000	 
	CB&I CONSTRUCTORS, INC.
	 	58660886	 	CHARTER TOWNSHIP OF VAN BUREN	 	Performance & Payment	 	01-Mar-09	 	01-Nov-10	 	 	5,183,000	 
	CB&I CONSTRUCTORS, INC.
	 	K08309747	 	TOWN OF CHESAPEAKE BEACH	 	Performance & Payment	 	04-Sep-09	 	01-Nov-10	 	 	1,939,330	 
	CB&I CONSTRUCTORS, INC.
	 	141203	 	CITY OF WICHITA WATER UTILITIES	 	Performance & Payment	 	04-Jan-10	 	04-Nov-10	 	 	6,233,000	 
	CB&I CONSTRUCTORS, INC.
	 	82135079	 	INDUSTRIAL DEVELOPMENT INTERNATIONAL,	 	Performance & Payment	 	01-Oct-07	 	07-Nov-10	 	 	1,238,050	 

 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	CBI COMPANY	 	BOND NUMBER	 	BENEFICIARY	 	PURPOSE	 	ISSUE DATE	 	 	EXPIRY DATE	 	 	VALUE IN USD	 
	CB&I CONSTRUCTORS, INC.
	 	82161474	 	CITY OF RAMSEY	 	Performance & Payment	 	01-Jul-09	 	19-Nov-10	 	 	3,188,400	 
	CB&I CONSTRUCTORS, INC.
	 	82187970	 	CITY OF GLADWIN, MI	 	Performance & Payment	 	06-Jan-10	 	26-Nov-10	 	 	1,326,000	 
	CB&I CONSTRUCTORS, INC.
	 	81365469	 	MOUNT AIRY NO. 1 L.L.C.	 	Payment	 	30-Nov-09	 	30-Nov-10	 	 	98,700	 
	CB&I CONSTRUCTORS, INC.
	 	141135	 	BARTLESVILLE MUNICIPAL AUTHORITY	 	Performance & Payment	 	14-Aug-09	 	30-Nov-10	 	 	1,738,550	 
	CB&I CONSTRUCTORS, INC.
	 	141140	 	FAIRFAX WATER	 	Performance & Payment	 	17-Sep-09	 	01-Dec-10	 	 	5,973,330	 
	CB&I CONSTRUCTORS, INC.
	 	58663577	 	TOWN OF WELLFLEET, MASSACHUSETTS	 	Performance & Payment	 	01-Aug-09	 	01-Dec-10	 	 	1,347,330	 
	CB&I CONSTRUCTORS, INC.
	 	82168396	 	AQUA OHIO, INC.	 	Performance & Payment	 	10-Jul-09	 	01-Dec-10	 	 	1,022,000	 
	CB&I CONSTRUCTORS, INC.
	 	58618586	 	JEB BUSH, GOVERNOR OF THE STATE OF	 	License & Permit	 	05-Dec-09	 	05-Dec-10	 	 	5,000	 
	CB&I CONSTRUCTORS, INC.
	 	58665763	 	THE CITY OF ARDMORE, OKLAHOMA	 	Performance & Payment	 	15-Sep-09	 	15-Dec-10	 	 	3,188,900	 
	CB&I CONSTRUCTORS, INC.
	 	K08233123	 	CITY OF WOODLAND	 	Performance & Payment	 	15-May-09	 	15-Dec-10	 	 	2,390,000	 
	CB&I CONSTRUCTORS, INC.
	 	141163	 	MOORE COUNTY PUBLIC UTILITIES	 	Performance & Payment	 	31-Oct-09	 	31-Dec-10	 	 	1,227,000	 
	CB&I CONSTRUCTORS, INC.
	 	141173	 	CITY OF LIVE OAK	 	Performance & Payment	 	19-Nov-09	 	31-Dec-10	 	 	1,043,000	 
	CB&I CONSTRUCTORS, INC.
	 	141183	 	THE CITY OF NORTH MYRTLE BEACH	 	Performance & Payment	 	31-Dec-09	 	31-Dec-10	 	 	1,428,600	 
	CB&I CONSTRUCTORS, INC.
	 	141186	 	CLINTON COUNTY BOARD OF COMMISSIONERS	 	Performance & Payment	 	14-Dec-09	 	31-Dec-10	 	 	1,826,000	 
	CB&I CONSTRUCTORS, INC.
	 	58643664	 	TOWN OF LEDYARD	 	Performance & Payment	 	10-Sep-07	 	31-Dec-10	 	 	1,614,000	 
	CB&I CONSTRUCTORS, INC.
	 	58660877	 	HARRISON COUNTY UTILITY AUTHORITY	 	Performance & Payment	 	30-Mar-09	 	31-Dec-10	 	 	7,368,000	 
	CB&I CONSTRUCTORS, INC.
	 	58665753	 	SOUTHSIDE RURAL COMMUNITY WATER	 	Performance & Payment	 	31-Aug-09	 	31-Dec-10	 	 	1,461,000	 
	CB&I CONSTRUCTORS, INC.
	 	58665761	 	CITY OF SOUTHAVEN	 	Performance & Payment	 	31-Aug-09	 	31-Dec-10	 	 	1,583,000	 
	CB&I CONSTRUCTORS, INC.
	 	K07444126	 	KALAMAZOO COUNTY DRAIN COMMISSION	 	License & Permit	 	01-Jan-10	 	01-Jan-11	 	 	6,250	 
	CB&I CONSTRUCTORS, INC.
	 	K07444515	 	STATE OF NEW MEXICO	 	License & Permit	 	02-Jan-10	 	02-Jan-11	 	 	76,067	 
	CB&I CONSTRUCTORS, INC.
	 	58618592	 	STATE OF CONNECTICUT	 	License & Permit	 	11-Jan-10	 	11-Jan-11	 	 	55,945	 
	CB&I CONSTRUCTORS, INC.
	 	82187969	 	CITY OF MORGAN CITY	 	Performance & Payment	 	15-Jan-10	 	15-Jan-11	 	 	1,593,000	 
	CB&I CONSTRUCTORS, INC.
	 	82187973	 	SIERRA NEVADA CONSTRUCTION, INC.	 	Performance & Payment	 	15-Jan-10	 	15-Jan-11	 	 	569,750	 
	CB&I CONSTRUCTORS, INC.
	 	58663568	 	CITY OF ALLEN	 	Performance & Payment	 	01-Jun-09	 	19-Jan-11	 	 	5,583,000	 
	CB&I CONSTRUCTORS, INC.
	 	82187984	 	TOWN OF DELHI	 	Performance & Payment	 	28-Mar-10	 	28-Feb-11	 	 	1,388,000	 
	CB&I CONSTRUCTORS, INC.
	 	141149	 	CITY OF RUSTON, LOUISIANA	 	Performance & Payment	 	18-Sep-09	 	01-Mar-11	 	 	2,633,000	 
	CB&I CONSTRUCTORS, INC.
	 	141206	 	CITY OF WESTON, MO	 	Performance & Payment	 	01-Feb-10	 	01-Mar-11	 	 	1,098,000	 
	CB&I CONSTRUCTORS, INC.
	 	58663574	 	LINCOLN PIPESTONE RURAL WATER SYSTEM	 	Performance & Payment	 	01-Jul-09	 	01-Mar-11	 	 	1,655,000	 
	CB&I CONSTRUCTORS, INC.
	 	58633468	 	STATE OF ARKANSAS	 	License & Permit	 	10-Mar-10	 	10-Mar-11	 	 	10,000	 
	CB&I CONSTRUCTORS, INC.
	 	CMS242756	 	STATE OF MISSISSIPPI	 	License & Permit	 	12-Mar-10	 	12-Mar-11	 	 	63,455	 
	CB&I CONSTRUCTORS, INC.
	 	K08030893	 	STATE OF ALASKA	 	License & Permit	 	14-Mar-10	 	14-Mar-11	 	 	10,000	 
	CB&I CONSTRUCTORS, INC.
	 	58633470	 	STATE OF CALIFORNIA	 	License & Permit	 	26-Mar-10	 	26-Mar-11	 	 	12,500	 
	CB&I CONSTRUCTORS, INC.
	 	58633471	 	STATE OF CALIFORNIA	 	License & Permit	 	26-Mar-10	 	26-Mar-11	 	 	12,500	 
	CB&I CONSTRUCTORS, INC.
	 	K0830998A	 	CITY OF COLUMBUS	 	License & Permit	 	31-Mar-10	 	31-Mar-11	 	 	25,000	 
	CB&I CONSTRUCTORS, INC.
	 	141192	 	VILLAGE OF CHANNAHON	 	Performance & Payment	 	01-Jan-10	 	01-May-11	 	 	1,659,000	 
	CB&I CONSTRUCTORS, INC.
	 	K08309632	 	CITY OF BILLINGS	 	Performance & Payment	 	15-Jul-09	 	01-Jun-11	 	 	2,468,000	 
	CB&I CONSTRUCTORS, INC.
	 	142642	 	CITY OF ROCHESTER, MN	 	Performance & Payment	 	31-Oct-09	 	31-Jul-11	 	 	2,838,000	 
	CB&I CONSTRUCTORS, INC.
	 	82187964	 	CITY OF MITCHELL	 	Performance & Payment	 	01-Jan-10	 	31-Jul-11	 	 	1,756,000	 
	CB&I CONSTRUCTORS, INC.
	 	141147	 	PRINCE WILLIAM COUNTY SERVICE AUTHORITY	 	Performance & Payment	 	01-Oct-09	 	01-Aug-11	 	 	3,339,330	 
	CB&I CONSTRUCTORS, INC.
	 	58669597	 	CITY OF PICKERINGTON	 	Performance & Payment	 	15-Mar-10	 	15-Aug-11	 	 	1,741,000	 
	CB&I CONSTRUCTORS, INC.
	 	K08309784	 	COLD HARBOR BUILDING COMPANY	 	Performance & Payment	 	23-Sep-09	 	31-Aug-11	 	 	1,968,000	 
	CB&I CONSTRUCTORS, INC.
	 	141142	 	KEOKUK MUNICIPAL WATER WORKS	 	Performance & Payment	 	10-Sep-09	 	01-Sep-11	 	 	5,503,000	 
	CB&I CONSTRUCTORS, INC.
	 	58665770	 	CITY OF TAYLORVILLE	 	Performance & Payment	 	14-Sep-09	 	01-Sep-11	 	 	2,680,000	 
	CB&I CONSTRUCTORS, INC.
	 	141215	 	CITY OF COLUMBUS	 	Performance & Payment	 	01-Mar-10	 	01-Oct-11	 	 	4,156,900	 
	CB&I CONSTRUCTORS, INC.
	 	58643666	 	CITY OF WOOSTER	 	Maintenance Bond	 	03-Nov-09	 	03-Nov-11	 	 	1,824,178	 
	CB&I CONSTRUCTORS, INC.
	 	82187961	 	MID-DAKOTA RURAL WATER SYSTEM, INC.	 	Performance & Payment	 	30-Nov-09	 	18-Nov-11	 	 	3,155,000	 
	CB&I CONSTRUCTORS, INC.
	 	K08232702	 	VEOLIA WATER NORTH AMERICA-CENTRAL,	 	Payment	 	26-Nov-09	 	26-Nov-11	 	 	231,500	 
	CB&I CONSTRUCTORS, INC.
	 	K08232775	 	STATE OF MISSISSIPPI	 	License & Permit	 	31-Dec-09	 	31-Dec-11	 	 	64,855	 
	CB&I CONSTRUCTORS, INC.
	 	58637907	 	STATE OF ILLINOIS	 	Notary Public	 	24-Apr-07	 	23-Apr-12	 	 	5,000	 
	CB&I CONSTRUCTORS, INC.
	 	15920529	 	THE GOVERNOR OF THE STATE OF TEXAS	 	Notary Public	 	11-Jan-09	 	11-Jan-13	 	 	10,000	 
	CB&I CONSTRUCTORS, INC.
	 	K07786189	 	STATE OF ARIZONA	 	License & Permit	 	03-Mar-10	 	02-Mar-13	 	 	90,000	 
	CB&I CONSTRUCTORS, INC.
	 	58669592	 	STATE OF CALIFORNIA	 	Notary Public	 	28-Dec-09	 	27-Dec-13	 	 	15,000	 
	CB&I, INC.
	 	82154882	 	CITY OF RIVERSIDE PUBLIC UTILITIES	 	Performance	 	09-Mar-09	 	01-Apr-10	 	 	784,690	 
	CB&I, INC.
	 	82161484	 	FLINTCO, INC.	 	Performance & Payment	 	15-Jul-09	 	01-May-10	 	 	2,531,500	 
	CB&I, INC.
	 	58618535	 	STATE OF IOWA	 	License & Permit	 	07-Aug-08	 	07-Aug-10	 	 	50,000	 
	CB&I, INC.
	 	141164	 	TOWN OF CENTURY	 	Performance & Payment	 	31-Oct-09	 	31-Oct-10	 	 	1,037,000	 
	CB&I, INC.
	 	141208	 	TOWN OF SMYRNA, TN	 	Performance & Payment	 	19-Jan-10	 	12-Dec-10	 	 	939,000	 
	CB&I, INC.
	 	141168	 	THE CITY OF BUSHNELL	 	Performance & Payment	 	06-Nov-09	 	20-Dec-10	 	 	1,637,000	 
	CB&I, INC.
	 	141136	 	STARR-IVA WATER DISTRICT	 	Performance & Payment	 	31-Aug-09	 	31-Dec-10	 	 	1,655,000	 
	CB&I, INC.
	 	K07444448	 	STATE OF NORTH CAROLINA	 	License & Permit	 	01-Jan-10	 	01-Jan-11	 	 	2,000,000	 
	CB&I, INC.
	 	58618594	 	STATE OF OKLAHOMA CONSTRUCTION	 	License & Permit	 	09-Jan-10	 	09-Jan-11	 	 	5,000	 
	CB&I, INC.
	 	K07444540	 	VILLAGE OF GILBERTS	 	License & Permit	 	30-Jan-10	 	30-Jan-11	 	 	3,000	 
	CB&I, INC.
	 	CMS242757	 	HARRIS COUNTY FLOOD CONTROL DISTRICT	 	License & Permit	 	01-Apr-09	 	01-Apr-11	 	 	31,440	 

 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	CBI COMPANY	 	BOND NUMBER	 	BENEFICIARY	 	PURPOSE	 	ISSUE DATE	 	 	EXPIRY DATE	 	 	VALUE IN USD	 
	CB&I, INC.
	 	K08031058	 	STATE OF TEXAS	 	Blanket Performance (Oil & Gas)	 	30-Oct-09	 	30-Oct-11	 	 	25,000	 
	CB&I, INC.
	 	15980507	 	THE GOVERNOR OF THE STATE OF TEXAS	 	Notary Public	 	03-Apr-10	 	03-Apr-14	 	 	10,000	 
	CB&I, INC.
	 	CMS215365	 	CALVERT COUNTY DEPARTMENT OF PUBLIC	 	License & Permit	 	06-May-09	 	06-May-10	 	 	69,125	 
	CB&I, INC.
	 	81558787	 	TERRA MISSISSIPPI NITROGEN, INC.	 	Payment	 	07-Oct-09	 	07-Oct-10	 	 	299,300	 
	CB&I, INC.
	 	81558803	 	CHEVRON PRODUCTS COMPANY	 	Payment	 	07-Nov-09	 	07-Nov-10	 	 	128,091	 
	CB&I, INC.
	 	82154877	 	US ARMY CORPS OF ENGINEERS, MOBILE	 	Performance & Payment	 	01-Mar-09	 	30-Nov-10	 	 	28,158,000	 
	CB&I, INC.
	 	K07786104	 	TONY WILSON	 	Judicial	 	20-Dec-09	 	20-Dec-10	 	 	50,000	 
	CB&I, INC.
	 	81558805	 	PASADENA REFINING SYSTEM, INC.	 	Payment	 	21-Dec-09	 	21-Dec-10	 	 	88,570	 
	CB&I, INC.
	 	K0831021A	 	CITY OF BRUNSWICK	 	License & Permit	 	05-Mar-10	 	31-Dec-10	 	 	25,000	 
	CB&I, INC.
	 	CMS226322	 	JE MERIT CONSTRUCTORS, INC.	 	Payment	 	10-Jan-10	 	10-Jan-11	 	 	428,277	 
	CB&I, INC.
	 	K07786141	 	HAWAII ELECTRIC LIGHT COMPANY, INC.	 	Payment	 	21-Jan-10	 	21-Jan-11	 	 	183,176	 
	CB&I, INC.
	 	CMS242750	 	STATE OF OREGON	 	License & Permit	 	29-Jan-10	 	29-Jan-11	 	 	75,000	 
	CB&I, INC.
	 	CMS226329	 	SUNOCO PIPELINE L.P.	 	Payment	 	01-Mar-10	 	01-Mar-11	 	 	393,200	 
	CB&I, INC.
	 	58633472	 	STATE OF WASHINGTON	 	License & Permit	 	16-Mar-10	 	16-Mar-11	 	 	12,000	 
	CB&I, INC.
	 	58663560	 	VILLAGE OF HOFFMAN ESTATES	 	Performance & Payment	 	22-May-09	 	15-Jul-11	 	 	3,829,000	 
	CB&I, INC.
	 	58665751	 	CITY OF CORTLAND	 	Performance & Payment	 	01-Aug-09	 	01-Aug-11	 	 	1,472,000	 
	CBI AMERICAS LIMITED
	 	15838737	 	THE GOVERNOR OF THE STATE OF TEXAS	 	Notary Public	 	20-Mar-07	 	20-Mar-11	 	 	10,000	 
	CBI COMPANY LIMITED
	 	15943983	 	THE GOVERNOR OF THE STATE OF TEXAS	 	Notary Public	 	10-Jun-09	 	10-Jun-13	 	 	10,000	 
	CBI SERVICES, INC.
	 	K07443821	 	STATE OF NEBRASKA	 	License & Permit	 	24-Apr-09	 	24-Apr-10	 	 	47,000	 
	CBI SERVICES, INC.
	 	CMS215358	 	STATE OF ARKANSAS	 	License & Permit	 	30-Apr-09	 	30-Apr-10	 	 	10,000	 
	CBI SERVICES, INC.
	 	58627861	 	METROPOLITAN REGIONAL COUNCIL OF	 	Wage & Welfare	 	01-May-09	 	01-May-10	 	 	50,000	 
	CBI SERVICES, INC.
	 	58663555	 	TOWNSHIP OF LOWER MUNICIPAL UTILITIES	 	Performance & Payment	 	01-Jun-09	 	01-Jun-10	 	 	1,873,660	 
	CBI SERVICES, INC.
	 	CMS215364	 	THE STATE OF CALIFORNIA	 	Workers’ Compensation	 	07-Jun-09	 	07-Jun-10	 	 	220,000	 
	CBI SERVICES, INC.
	 	CMS226301	 	U.A. LOCAL UNION NO. 322	 	Wage & Welfare	 	30-Jun-09	 	30-Jun-10	 	 	200,000	 
	CBI SERVICES, INC.
	 	CMS226302	 	LOCAL 282 TRUST FUNDS	 	Wage & Welfare	 	04-Jul-09	 	04-Jul-10	 	 	10,000	 
	CBI SERVICES, INC.
	 	K07444965	 	CITY OF MARYSVILLE	 	Payment	 	16-Jul-09	 	16-Jul-10	 	 	64,145	 
	CBI SERVICES, INC.
	 	K07444977	 	BOARD OF COMMISSIONERS OF COUNTY OF	 	License & Permit	 	16-Jul-09	 	16-Jul-10	 	 	5,000	 
	CBI SERVICES, INC.
	 	CMS215368	 	STATE OF ARIZONA	 	License & Permit	 	27-Jul-09	 	27-Jul-10	 	 	40,000	 
	CBI SERVICES, INC.
	 	K07445052	 	STATE OF OREGON	 	Payment	 	07-Aug-09	 	07-Aug-10	 	 	30,000	 
	CBI SERVICES, INC.
	 	82168395	 	EAST GREENWICH TOWNSHIP	 	Performance & Payment	 	14-Aug-09	 	14-Aug-10	 	 	2,193,660	 
	CBI SERVICES, INC.
	 	58618536	 	STATE OF ALASKA	 	License & Permit	 	31-Aug-09	 	31-Aug-10	 	 	5,000	 
	CBI SERVICES, INC.
	 	CMS226311	 	TRUSTEES OF THE STRUCTURAL STEEL AND	 	Wage & Welfare	 	20-Sep-09	 	20-Sep-10	 	 	25,000	 
	CBI SERVICES, INC.
	 	CMS226313	 	STATE OF MISSOURI	 	License & Permit	 	01-Oct-09	 	01-Oct-10	 	 	25,000	 
	CBI SERVICES, INC.
	 	K08031551	 	STATE OF CONNECTICUT	 	License & Permit	 	01-Oct-09	 	01-Oct-10	 	 	90,472	 
	CBI SERVICES, INC.
	 	58660890	 	CITY OF SYCAMORE	 	Performance & Payment	 	01-Apr-09	 	01-Oct-10	 	 	2,990,000	 
	CBI SERVICES, INC.
	 	K07444394	 	STATE OF NEVADA	 	License & Permit	 	04-Oct-09	 	04-Oct-10	 	 	50,000	 
	CBI SERVICES, INC.
	 	58618558	 	STATE OF IOWA	 	License & Permit	 	01-Nov-08	 	01-Nov-10	 	 	65,000	 
	CBI SERVICES, INC.
	 	58663562	 	EAST WINDSOR MUNICIPAL UTILITIES	 	Performance & Payment	 	01-Jun-09	 	01-Nov-10	 	 	2,694,660	 
	CBI SERVICES, INC.
	 	58665778	 	LAKEWOOD TOWNSHIP MUA	 	Performance & Payment	 	01-Nov-09	 	01-Nov-10	 	 	1,721,330	 
	CBI SERVICES, INC.
	 	K08233020	 	HASKELL CORPORATION DBA F.M. HASKELL	 	Performance & Payment	 	02-Mar-09	 	31-Dec-10	 	 	1,226,136	 
	CBI SERVICES, INC.
	 	58627864	 	STATE OF NEVADA	 	License & Permit	 	01-Jan-10	 	01-Jan-11	 	 	100	 
	CBI SERVICES, INC.
	 	58618603	 	OPERATING ENGINEERS LOCAL 825 FUND	 	Wage & Welfare	 	10-Jan-10	 	10-Jan-11	 	 	25,000	 
	CBI SERVICES, INC.
	 	K07786153	 	HONEYWELL INTERNATIONAL	 	Payment	 	23-Jan-10	 	23-Jan-11	 	 	80,705	 
	CBI SERVICES, INC.
	 	58627862	 	TWIN CITY IRON WORKERS FRINGE BENEFIT	 	Wage & Welfare	 	27-Jan-10	 	27-Jan-11	 	 	25,000	 
	CBI SERVICES, INC.
	 	58627863	 	THE BUILDING, CONCRETE, EXCAVATING AND	 	Wage & Welfare	 	01-Mar-10	 	01-Mar-11	 	 	25,000	 
	CBI SERVICES, INC.
	 	58627865	 	INTERNATIONAL ASSOCIATION OF HEAT AND	 	Wage & Welfare	 	01-Mar-10	 	01-Mar-11	 	 	100,000	 
	CBI SERVICES, INC.
	 	58633476	 	STATE OF WASHINGTON	 	License & Permit	 	16-Mar-10	 	16-Mar-11	 	 	12,000	 
	CBI SERVICES, INC.
	 	58627876	 	IRON WORKERS’ LOCAL NO. 25	 	Wage & Welfare	 	17-Mar-10	 	17-Mar-11	 	 	25,000	 
	CBI SERVICES, INC.
	 	K08407459	 	WESTON SOLUTIONS, INC.	 	Performance & Payment	 	18-Mar-10	 	18-Mar-11	 	 	1,513,101	 
	CBI SERVICES, INC.
	 	K07444709	 	STATE OF OREGON	 	License & Permit	 	20-Mar-10	 	20-Mar-11	 	 	2,750	 
	CBI SERVICES, INC.
	 	58633474	 	STATE OF CALIFORNIA	 	License & Permit	 	25-Mar-10	 	25-Mar-11	 	 	12,500	 
	CBI SERVICES, INC.
	 	58633475	 	STATE OF CALIFORNIA	 	License & Permit	 	25-Mar-10	 	25-Mar-11	 	 	12,500	 
	CBI SERVICES, INC.
	 	CMS242761	 	STATE OF OREGON	 	License & Permit	 	26-Mar-10	 	26-Mar-11	 	 	75,000	 
	CBI SERVICES, INC.
	 	141141	 	CITY OF VIRGINIA	 	Performance & Payment	 	10-Sep-09	 	31-Mar-11	 	 	1,588,800	 
	CBI SERVICES, INC.
	 	58669585	 	CITY OF BRIDGETON, NJ	 	Performance & Payment	 	01-Dec-09	 	01-Jun-11	 	 	1,529,330	 
	CBI SERVICES, INC.
	 	CMS226303	 	IRON WORKERS LOCALS 40, 361 & 417 UNION	 	Wage & Welfare	 	04-Jul-08	 	04-Jul-11	 	 	30,000	 
	CBI SERVICES, INC.
	 	82187968	 	CITY OF TAUNTON	 	Performance & Payment	 	01-Jan-10	 	01-Aug-11	 	 	2,748,330	 
	CBI SERVICES, INC.
	 	82168409	 	CITY OF TWO HARBORS	 	Performance & Payment	 	11-Sep-09	 	07-Oct-11	 	 	2,433,000	 
	CBI SERVICES, INC.
	 	58665765	 	NOVA GROUP, INC.-UNDERGROUND	 	Performance & Payment	 	02-Sep-09	 	30-Nov-11	 	 	5,885,381	 
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
	 	K07443948	 	VILLAGE OF PLAINFIELD	 	License & Permit	 	16-May-09	 	16-May-10	 	 	10,000	 
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
	 	CMS215363	 	STATE OF ARIZONA	 	License & Permit	 	30-Jun-09	 	30-Jun-10	 	 	102,000	 
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
	 	58618538	 	STATE OF FLORIDA	 	Payment	 	27-Aug-09	 	27-Aug-10	 	 	50,000	 
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
	 	58618533	 	STATE OF ALASKA	 	License & Permit	 	29-Sep-09	 	29-Sep-10	 	 	10,000	 

 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	CBI COMPANY	 	BOND NUMBER	 	BENEFICIARY	 	PURPOSE	 	ISSUE DATE	 	 	EXPIRY DATE	 	 	VALUE IN USD	 
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
	 	58618542	 	STATE OF IOWA	 	License & Permit	 	09-Oct-08	 	09-Oct-10	 	 	50,000	 
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
	 	58618595	 	STATE OF ARIZONA	 	License & Permit	 	22-Jan-10	 	22-Jan-11	 	 	40,000	 
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
	 	58618596	 	STATE OF WASHINGTON	 	License & Permit	 	22-Jan-10	 	22-Jan-11	 	 	12,000	 
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
	 	CMS242781	 	STATE OF OREGON	 	License & Permit	 	09-Feb-10	 	09-Feb-11	 	 	75,000	 
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
	 	15832648	 	THE GOVERNOR OF THE STATE OF TEXAS	 	Notary Public	 	13-Feb-07	 	13-Feb-11	 	 	10,000	 
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
	 	58633482	 	STATE OF ARKANSAS	 	License & Permit	 	18-Mar-10	 	18-Mar-11	 	 	10,000	 
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
	 	58633483	 	STATE OF WASHINGTON	 	License & Permit	 	18-Mar-10	 	18-Mar-11	 	 	6,000	 
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
	 	15832649	 	THE GOVERNOR OF THE STATE OF TEXAS	 	Notary Public	 	26-Apr-07	 	26-Apr-11	 	 	10,000	 
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
	 	58653046	 	STATE OF ILLINOIS	 	Notary Public	 	20-Aug-08	 	20-Aug-12	 	 	5,000	 
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
	 	58656303	 	STATE OF ILLINOIS	 	Notary Public	 	03-Oct-08	 	03-Oct-12	 	 	5,000	 
	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
	 	15929133	 	THE GOVERNOR OF THE STATE OF TEXAS	 	Notary Public	 	22-Feb-09	 	22-Feb-13	 	 	10,000	 
	CHICAGO BRIDGE & IRON COMPANY; CB&I INC.; CENTRAL TRADING
	 	80729005	 	U. S. CUSTOMS AND BORDER PROTECTION	 	Customs	 	04-Sep-09	 	03-Sep-11	 	 	200,000	 
	HORTON CBI, LIMITED
	 	M413771	 	HER MAJESTY IN RIGHT OF CANADA	 	Customs	 	27-Oct-09	 	27-Oct-10	 	 	5,000	 
	HOWE-BAKER ENGINEERS, LTD.
	 	58627879	 	STATE OF WASHINGTON	 	License & Permit	 	16-Apr-09	 	16-Apr-10	 	 	12,000	 
	HOWE-BAKER ENGINEERS, LTD.
	 	K0744414A	 	STATE OF OKLAHOMA CONSTRUCTION	 	License & Permit	 	10-Jul-09	 	10-Jul-10	 	 	5,000	 
	HOWE-BAKER ENGINEERS, LTD.
	 	CMS215369	 	STATE OF OKLAHOMA CONSTRUCTION	 	License & Permit	 	17-Aug-09	 	17-Aug-10	 	 	5,000	 
	HOWE-BAKER ENGINEERS, LTD.
	 	58637902	 	STATE OF CALIFORNIA	 	License & Permit	 	01-Jan-10	 	01-Jan-11	 	 	12,500	 
	HOWE-BAKER ENGINEERS, LTD.
	 	58627877	 	STATE OF CALIFORNIA	 	License & Permit	 	11-Mar-10	 	11-Mar-11	 	 	12,500	 
	LUMMUS TECHNOLOGY INC.
	 	K07785963	 	STATE OF LOUISIANA	 	License & Permit	 	15-Aug-09	 	15-Aug-10	 	 	1,440,000	 
	LUMMUS TECHNOLOGY INC.
	 	K07785926	 	STATE OF OKLAHOMA	 	License & Permit	 	25-Oct-09	 	25-Oct-10	 	 	5,000	 
	LUMMUS TECHNOLOGY INC.
	 	K0778594A	 	STATE OF ARKANSAS	 	License & Permit	 	25-Oct-09	 	25-Oct-10	 	 	10,000	 
	MATRIX ENGINEERING, LTD.
	 	CMS226306	 	STATE OF WYOMING	 	Wage & Welfare	 	01-Apr-09	 	01-Apr-10	 	 	12,000	 
	MATRIX ENGINEERING, LTD.
	 	CMS226317	 	CITY OF BEAUMONT, TEXAS	 	License & Permit	 	13-Sep-09	 	13-Sep-10	 	 	15,000	 
	MATRIX ENGINEERING, LTD.
	 	15830164	 	THE GOVERNOR OF THE STATE OF TEXAS	 	Notary Public	 	25-Nov-06	 	25-Nov-10	 	 	10,000	 
	MATRIX ENGINEERING, LTD.
	 	K08232787	 	CLERK OF THE STATE OF LOUISIANA, OFFICE OF	 	Judicial	 	22-Dec-09	 	22-Dec-10	 	 	50,000	 
	MORSE CONSTRUCTION GROUP, INC.
	 	CMS226327	 	PACIFIC ENERGY GROUP, LLC	 	Payment	 	06-Jan-10	 	06-Jan-11	 	 	599,660	 
	CBI VENEZOLANA
	 	Various	 	Various	 	Various	 	Various	 	31-Mar-11	 	 	44,269	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	CURRENT SUBTOTAL	 	 	 	 	 	 	 	 	 	 	 	 	243,744,121	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

 

 

 

Schedule 1.1.5

Material Subsidiaries & Foreign Subsidiaries

that are not Excluded Foreign Subsidiaries

SUBSIDIARY BORROWERS

	 	 	 	 	 	 	 	 	 
	 	 	Organized	 	 	Equity	 
	1 CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
	 	Delaware	 	 	100	%
	2 CBI SERVICES, INC.
	 	Delaware	 	 	100	%
	3 CB&I INC. (Formerly CB&I Constructors, Inc.)
	 	Texas	 	 	100	%
	4 CB&I TYLER COMPANY
	 	Delaware	 	 	100	%
	5 CHICAGO BRIDGE & IRON COMPANY B.V.
	 	Netherlands	 	 	100	%
	6 CHICAGO BRIDGE & IRON COMPANY
	 	Delaware	 	 	100	%

MATERIAL SUBSIDIARIES

	 	 	 	 	 	 	 
	 	 	Organized	 	Equity	 
	U.S. Material Subsidiaries
	 	 	 	 	 	 
	1 ASIA PACIFIC SUPPLY CO.
	 	Delaware	 	 	100	%
	2 CB&I TYLER COMPANY
	 	Delaware	 	 	100	%
	3 CB&I WOODLANDS L.L.C.
	 	Delaware	 	 	100	%
	4 CBI AMERICAS LTD.
	 	Delaware	 	 	100	%
	5 CBI COMPANY LTD.
	 	Delaware	 	 	100	%
	6 CBI OVERSEAS, LLC
	 	Delaware	 	 	100	%
	7 CBI SERVICES, INC.
	 	Delaware	 	 	100	%
	8 CENTRAL TRADING COMPANY, LTD.
	 	Delaware	 	 	100	%
	9 CHICAGO BRIDGE & IRON COMPANY
	 	Delaware	 	 	100	%
	10 CHICAGO BRIDGE & IRON COMPANY (DELAWARE)
	 	Delaware	 	 	100	%
	11 CONSTRUCTORS INTERNATIONAL, L.L.C.
	 	Delaware	 	 	100	%
	12 CSA TRADING COMPANY, LTD.
	 	Delaware	 	 	100	%
	13 HBI HOLDINGS, L.L.C.
	 	Delaware	 	 	100	%
	14 HOWE-BAKER HOLDINGS, L.L.C.
	 	Delaware	 	 	100	%
	15 HOWE-BAKER INTERNATIONAL MANAGEMENT, L.L.C.
	 	Delaware	 	 	100	%
	16 HOWE-BAKER INTERNATIONAL, L.L.C.
	 	Delaware	 	 	100	%
	17 HOWE-BAKER MANAGEMENT, L.L.C.
	 	Delaware	 	 	100	%
	18 MATRIX MANAGEMENT SERVICES, L.L.C.
	 	Delaware	 	 	100	%
	19 OCEANIC CONTRACTORS, INC.
	 	Delaware	 	 	100	%
	20 CHICAGO BRIDGE & IRON COMPANY
	 	Illinois	 	 	100	%
	21 A&B BUILDERS, LTD.
	 	Texas	 	 	100	%
	22 CB&I INC. (Formerly CB&I Constructors, Inc.)
	 	Texas	 	 	100	%
	23 HOWE-BAKER ENGINEERS, LTD.
	 	Texas	 	 	100	%
	24 MATRIX ENGINEERING, LTD.
	 	Texas	 	 	100	%
	25 CB&I LUMMUS GLOBAL INTERNATIONAL CORPORATION
	 	Delaware	 	 	100	%
	26 CB&I LUMMUS GLOBAL OVERSEAS CORPORATION
	 	Delaware	 	 	100	%
	27 LUMMUS CATALYST COMPANY LTD.
	 	Delaware	 	 	100	%
	28 LUMMUS TECHNOLOGY INC.
	 	Delaware	 	 	100	%
	29 CB&I LGI CONSTRUCTORS INC.
	 	Texas	 	 	100	%

 

 

 

	 	 	 	 	 	 	 
	 	 	Organized	 	Equity	 
	Foreign Material Subsidiaries
	 	 	 	 	 	 
	1 ARABIAN GULF MATERIAL SUPPLY COMPANY, LTD.
	 	Cayman Islands	 	 	100	%
	2 CB&I (EUROPE) B.V.
	 	Netherlands	 	 	100	%
	3 CB&I (NIGERIA) LIMITED
	 	Nigeria	 	 	100	%
	4 CB&I FINANCE COMPANY LIMITED
	 	Ireland	 	 	100	%
	5 CB&I LUMMUS B.V.
	 	Netherlands	 	 	100	%
	6 CB&I LUMMUS CREST LTD.
	 	United Kingdom	 	 	100	%
	7 CB&I LUMMUS MALTA LIMITED
	 	Malta	 	 	100	%
	8 CB&I LUMMUS PTE. LTD.
	 	Singapore	 	 	100	%
	9 CB&I LUMMUS GMBH
	 	Germany	 	 	100	%
	10 CB&I LUMMUS S.R.O.
	 	Czech Republic	 	 	100	%
	11 CB&I OIL & GAS EUROPE B.V.
	 	Netherlands	 	 	100	%
	12 CB&I UK LIMITED
	 	United Kingdom	 	 	100	%
	13 CBI (PHILIPPINES), INC.
	 	Philippines	 	 	100	%
	14 CBI Colombiana S.A.
	 	Colombia	 	 	100	%
	15 CBI CONSTRUCCIONES S.A.
	 	Argentina	 	 	100	%
	16 CBI Constructors (PNG) Pty. Limited
	 	Papua New Guinea	 	 	100	%
	17 CBI CONSTRUCTORS LIMITED
	 	United Kingdom	 	 	100	%
	18 CBI CONSTRUCTORS PTY, LTD.
	 	Australia	 	 	100	%
	19 CBI EASTERN ANSTALT
	 	Licechtenstein	 	 	100	%
	20 CBI Engineering Consultant (Shanghai) Co. Ltd.
	 	Shanghai	 	 	100	%
	21 CBI HOLDINGS (U.K.) LIMITED
	 	United Kingdom	 	 	100	%
	22 CBI HUNGARY HOLDING LIMITED LIABILITY COMPANY
	 	Hungary	 	 	100	%
	23 CBI LUXEMBOURG S.A.R.L.
	 	Luxembourg	 	 	100	%
	24 CBI MONTAJES DE CHILE LIMITADA
	 	Chile	 	 	100	%
	25 CBI PERUANA S.A.C.
	 	Peru	 	 	100	%
	26 CBI VENEZOLANA, S.A.
	 	Venezuela	 	 	100	%
	27 CHICAGO BRIDGE & IRON (ANTILLES ) N.V.
	 	Curacao	 	 	100	%
	28 CHICAGO BRIDGE & IRON COMPANY B.V.
	 	Netherlands	 	 	100	%
	29 CMP HOLDINGS B.V.
	 	Netherlands	 	 	100	%
	30 HORTON CBI, LIMITED
	 	Canada	 	 	100	%
	31 HUA LU ENGINEERING CO., LTD.
	 	China	 	 	100	%
	32 LEALAND FINANCE COMPANY B.V.
	 	Netherlands	 	 	100	%
	33 LUMMUS NOVOLEN TECHNOLOGY GMBH
	 	Germany	 	 	100	%
	34 LUMMUS TECHNOLOGY HEAT TRANSFER B.V.
	 	Netherlands	 	 	100	%
	35 LUTECH RESOURCES LIMITED
	 	United Kingdom	 	 	100	%
	36 NETHERLANDS OPERATING COMPANY B.V.
	 	Netherlands	 	 	100	%
	37 PACIFIC RIM MATERIAL SUPPLY COMPANY, LTD.
	 	Cayman Islands	 	 	100	%
	38 SOUTHERN TROPIC MATERIAL SUPPLY COMPANY, LTD.
	 	Cayman Islands	 	 	100	%
	39 WOODLANDS INTERNATIONAL INSURANCE COMPANY LIMITED
	 	Ireland	 	 	100	%

	 	 	 	 	 	 	 
	Foreign Material Subsidiaries that are NOT excluded Forein Subsidiaries
	 	 	 	 	 	 
	 	 	 	 
	1 ARABIAN GULF MATERIAL SUPPLY COMPANY, LTD.
	 	Cayman Islands	 	 	100	%
	2 CB&I (EUROPE) B.V.
	 	Netherlands	 	 	100	%
	3 CB&I (NIGERIA) LIMITED
	 	Nigeria	 	 	100	%
	4 CB&I FINANCE COMPANY LIMITED
	 	Ireland	 	 	100	%
	5 CB&I LUMMUS B.V.
	 	Netherlands	 	 	100	%
	6 CB&I LUMMUS CREST LTD.
	 	United Kingdom	 	 	100	%
	7 CB&I LUMMUS MALTA LIMITED
	 	Malta	 	 	100	%
	8 CB&I LUMMUS GMBH
	 	Germany	 	 	100	%

 

 

 

 

	 	 	 	 	 	 	 
	 	 	Organized	 	Equity	 
	9 CB&I LUMMUS PTE. LTD.
	 	Singapore	 	 	100	%
	10 CB&I LUMMUS S.R.O.
	 	Czech Republic	 	 	100	%
	11 CB&I OIL & GAS EUROPE B.V.
	 	Netherlands	 	 	100	%
	12 CB&I UK LIMITED
	 	United Kingdom	 	 	100	%
	13 CBI (PHILIPPINES), INC.
	 	Philippines	 	 	100	%
	14 CBI Colombiana S.A.
	 	Columbia	 	 	100	%
	15 CBI CONSTRUCCIONES S.A.
	 	Argentina	 	 	100	%
	16 CBI Constructors (PNG) Pty. Limited
	 	Papua New Guinea	 	 	100	%
	17 CBI CONSTRUCTORS LIMITED
	 	United Kingdom	 	 	100	%
	18 CBI CONSTRUCTORS PTY, LTD.
	 	Australia	 	 	100	%
	19 CBI EASTERN ANSTALT
	 	Licechtenstein	 	 	100	%
	20 CBI Engineering Consultant (Shanghai) Co. Ltd.
	 	Shanghai	 	 	100	%
	21 CBI HOLDINGS (U.K.) LIMITED
	 	United Kingdom	 	 	100	%
	22 CBI HUNGARY HOLDING LIMITED LIABILITY COMPANY
	 	Hungary	 	 	100	%
	23 CBI LUXEMBOURG S.A.R.L.
	 	Luxembourg	 	 	100	%
	24 CBI MONTAJES DE CHILE LIMITADA
	 	Chile	 	 	100	%
	25 CBI PERUANA S.A.C.
	 	Peru	 	 	100	%
	26 CBI VENEZOLANA, S.A.
	 	Venezuela	 	 	100	%
	27 CHICAGO BRIDGE & IRON (ANTILLES ) N.V.
	 	Curacao	 	 	100	%
	28 CHICAGO BRIDGE & IRON COMPANY B.V.
	 	Netherlands	 	 	100	%
	29 CMP HOLDINGS B.V.
	 	Netherlands	 	 	100	%
	30 HORTON CBI, LIMITED
	 	Canada	 	 	100	%
	31 HUA LU ENGINEERING CO., LTD.
	 	China	 	 	100	%
	32 LEALAND FINANCE COMPANY B.V.
	 	Netherlands	 	 	100	%
	33 LUMMUS NOVOLEN TECHNOLOGY GMBH
	 	Germany	 	 	100	%
	34 LUMMUS TECHNOLOGY HEAT TRANSFER B.V.
	 	Netherlands	 	 	100	%
	35 LUTECH RESOURCES LIMITED
	 	United Kingdom	 	 	100	%
	36 NETHERLANDS OPERATING COMPANY B.V.
	 	Netherlands	 	 	100	%
	37 PACIFIC RIM MATERIAL SUPPLY COMPANY, LTD.
	 	Cayman Islands	 	 	100	%
	38 SOUTHERN TROPIC MATERIAL SUPPLY COMPANY, LTD.
	 	Cayman Islands	 	 	100	%
	39 WOODLANDS INTERNATIONAL INSURANCE COMPANY LIMITED
	 	Ireland	 	 	100	%

 

 

 

 

Schedule 3.2 — Transitional Letters of

Credit

As of July 23, 2010

	 	 	 	 	 	 	 
	LC Number	 	Beneficiary	 	Value in USD	 
	3086807
	 	Petroleum Company of Trinidad and Tobago Limited	 	 	3,537	 
	3086808
	 	Petroleum Company of Trinidad and Tobago Limited	 	 	7,137	 
	3098867
	 	Flota Petrolera Ecuatoriana (FLOPEC)	 	 	2,488	 
	3098909
	 	Flota Petrolera Ecuatoriana (FLOPEC)	 	 	12,087	 
	91901292
	 	Guru Gobind Singh Refinery, India	 	 	606	 
	91902181
	 	Guru Gobind Singh Refinery, India	 	 	871	 
	91903105
	 	Mangalore Refinery and Petrochemical Ltd	 	 	385	 
	91904072
	 	PEMEX Refinacion	 	 	160	 
	91905431
	 	Petroquimica Morelos, S.A. de C.V.	 	 	118	 
	91909337
	 	Brahmaputra Cracker and Polymer Limited	 	 	253	 
	91910522
	 	Chevron Australia Pty. Ltd.	 	 	56,913	 
	91911955
	 	Pueblo Viejo Dominicana Corporation	 	 	88	 
	91912121
	 	Engineers of India Limited	 	 	559	 
	91913099
	 	Pluspetrol Peru Corporation, S.A.	 	 	45	 
	A30900T
	 	AESA Peru S.A.C.	 	 	251	 
	S29089T
	 	Administracion Nacional de Combustibles, Alcohol	 	 	823	 
	S29873T
	 	Abastecedora de Combustible, S.A.	 	 	252	 
	S30654T
	 	Pluspetrol Peru Corporation, S.A.	 	 	45,095	 
	S30706T
	 	Compania de Petroleos de Chile	 	 	194	 
	S30708T
	 	Compania de Petroleos de Chile	 	 	97	 
	S30709T
	 	Compania de Petroleos de Chile	 	 	328	 
	S30713T
	 	Compania de Petroleos de Chile	 	 	657	 
	S30714T
	 	Empresa Constructora Belfi, S.A.	 	 	3,021	 
	S30732T
	 	Empresa Constructora Belfi, S.A.	 	 	861	 
	S30733T
	 	Empresa Constructora Belfi, S.A.	 	 	536	 
	S30854T
	 	Compania de Petroleos de Chile	 	 	604	 
	S30871T
	 	Pluspetrol Peru Corporation, S.A.	 	 	6,868	 
	S30901T
	 	AESA Peru S.A.C.	 	 	540	 
	246955
	 	Zurich American Insurance Company	 	 	12,800	 
	SLT750105
	 	National Union Fire Insurance Co. of Pittsburgh, PA	 	 	4,437	 
	253550
	 	Cabinda Gulf Oil Company, Ltd.	 	 	16,800	 
	255306
	 	Ingeneria y Construccion SIGDO Koppers S.A.	 	 	150	 
	323901
	 	GNL Quintero, S.A.	 	 	33,418	 
	323904
	 	GNL Quintero, S.A.	 	 	8,726	 
	323907
	 	GNL Quintero, S.A.	 	 	46,508	 
	338560
	 	Southern LNG, Inc.	 	 	9,804	 
	522184
	 	Shanghai SECCO Petrochemical Company Ltd.	 	 	654	 
	522625
	 	Shanghai SECCO Petrochemical Company Ltd.	 	 	17	 
	522656
	 	Shanghai SECCO Petrochemical Company Ltd.	 	 	17	 
	522657
	 	CTCI Corporation	 	 	4,270	 

 

 

 

 

	 	 	 	 	 	 	 
	LC Number	 	Beneficiary	 	Value in USD	 
	522874
	 	Petroterminal de Panama, S.A.	 	 	21,893	 
	522875
	 	ConocoPhillips Company	 	 	4,154	 
	523047
	 	UGI LNG, Inc.	 	 	22,000	 
	523214
	 	PTT Chemical Public Company Limited	 	 	644	 
	523215
	 	PTT Chemical Public Company Limited	 	 	1,095	 
	523304
	 	China National Chemical Construction Shaanxi Import & Export Company	 	 	764	 
	523305
	 	Imperial Oil Resources Ventures Limited	 	 	6,737	 
	523508
	 	GS Caltex Corporation	 	 	591	 
	523510
	 	GS Caltex Corporation	 	 	574	 
	523511
	 	Jilin Chemical Industries Import and Export Company	 	 	915	 
	523543
	 	Samsung Total Petrochemicals Co. Ltd.	 	 	119	 
	523750
	 	CNPC Materials Company	 	 	444	 
	523751
	 	WRB Refining LLC	 	 	10,295	 
	523850
	 	WRB Refining LLC	 	 	889	 
	523851
	 	Daelim Industrial Co. Ltd.	 	 	203	 
	524598
	 	Honam Petrochemicals Corporation	 	 	91	 
	524599
	 	Petrojam Limited	 	 	6	 
	524767
	 	Petrojam Limited	 	 	5	 
	537709
	 	Refineria de Cartagena, S.A.	 	 	384	 
	537710
	 	Refineria de Cartagena, S.A.	 	 	758	 
	537711
	 	Shanghai SECCO Petrochemical Company Ltd.	 	 	619	 
	537891
	 	Duke Energy Indiana, Inc.	 	 	264	 
	538323
	 	Petroterminal de Panama, S.A.	 	 	6,326	 
	538419
	 	Petrochina International Co., Ltd.	 	 	98	 
	538976
	 	Chevron Products Company	 	 	1,000	 
	539063
	 	Flint Hills Resources, L.P.	 	 	9,800	 
	577749
	 	Shanghai SECCO Petrochemical Company Ltd.	 	 	378	 
	577792
	 	Shanghai SECCO Petrochemical Company Ltd.	 	 	303	 
	578866
	 	Shanghai SECCO Petrochemical Company Ltd.	 	 	1,092	 
	578867
	 	Terasen Gas, Inc.	 	 	11,183	 
	578918
	 	Sturgeon County	 	 	241	 
	SLT410872
	 	Dominion Cove Point LNG, L.P.	 	 	24,108	 
	482038
	 	Skyford Chemical (Ningbo) Co., Ltd.	 	 	1,197	 
	524766
	 	China National Technical Import and Export Corp.	 	 	300	 
	482084
	 	Terminal Industrial Taboguilla S.A. (TITSA)	 	 	100	 
	482039
	 	Occidental of Elk Hills, Inc.	 	 	28,098	 
	NTS661771
	 	Zurich American Insurance Company	 	 	12,611	 
	SLCPPDX05105
	 	Refineria de Cartagena, S.A.	 	 	70,000	 
	 
	 	 	 	 	 
	Subtotal
	 	 	 	 	523,249	 
	Plus 3% Foreign Currency Adjustment	 	 	2,383	 
	 
	 	 	 	 	 
	Total
	 	 	 	 	525,632	 
	 
	 	 	 	 	 

 

 

 

 

Schedule 6.4 — Pro Forma Financial Statements

In 000’s of USD Equivalent

As of March 31, 2010

None

 

 

 

 

Schedule 6.7 — Litigation

As of March 31, 2010

We have been and may from time to time be named as a defendant in legal actions claiming damages in
connection with engineering and construction projects, technology licenses and other matters.
These are typically claims that arise in the normal course of business, including
employment-related claims and contractual disputes or claims for personal injury or property damage
which occur in connection with services performed relating to project or construction sites.
Contractual disputes normally involve claims relating to the timely completion of projects,
performance of equipment or technologies, design or other engineering services or project
construction services provided by us. Management does not currently believe that any of our pending
contractual, employment-related personal injury or property damage claims and disputes will have a
material effect on our future results of operations, financial position or cash flow.

Asbestos Litigation—We are a defendant in lawsuits wherein plaintiffs allege exposure to asbestos
due to work we may have performed at various locations. We have never been a manufacturer,
distributor or supplier of asbestos products. Through March 31, 2010, we have been named a
defendant in lawsuits alleging exposure to asbestos involving approximately 4,900 plaintiffs and,
of those claims, approximately 1,400 claims were pending and 3,500 have been closed through
dismissals or settlements. Through March 31, 2010, the claims alleging exposure to asbestos that
have been resolved have been dismissed or settled for an average settlement amount of approximately
one thousand dollars per claim. We review each case on its own merits and make accruals based on
the probability of loss and our estimates of the amount of liability and related expenses, if any.
We do not currently believe that any unresolved asserted claims will have a material adverse effect
on our future results of operations, financial position or cash flow, and, at March 31, 2010, we
had accrued approximately $2.1 million for liability and related expenses. With respect to
unasserted asbestos claims, we cannot identify a population of potential claimants with sufficient
certainty to determine the probability of a loss and to make a reasonable estimate of liability, if
any. While we continue to pursue recovery for recognized and unrecognized contingent losses through
insurance, indemnification arrangements or other sources, we are unable to quantify the amount, if
any, that we may expect to recover because of the variability in coverage amounts, deductibles,
limitations and viability of carriers with respect to our insurance policies for the years in
question.

Environmental Matters—Our operations are subject to extensive and changing U.S. federal, state and
local laws and regulations, as well as the laws of other nations, that establish health and
environmental quality standards. These standards, among others, relate to air and water pollutants
and the management and disposal of hazardous substances and wastes. We are exposed to potential
liability for personal injury or property damage caused by any release, spill, exposure or other
accident involving such pollutants, substances or wastes.

In connection with the historical operation of our facilities, substances which currently are or
might be considered hazardous were used or disposed of at some sites that will or may require us to
make expenditures for remediation. In addition, we have agreed to indemnify parties from whom we
have purchased or to whom we have sold facilities for certain environmental liabilities arising
from acts occurring before the dates those facilities were transferred.

We believe that we are currently in compliance, in all material respects, with all environmental
laws and regulations. We do not currently believe that any environmental matters will have a
material adverse effect on our future results of operations or financial position. We do not
anticipate that we will incur material capital expenditures for environmental controls or for the
investigation or remediation of environmental conditions during the remainder of 2010 or 2011.

 

 

 

SCHEDULE 6.8

850 PINE STREET INC.

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000.0000
	# Shares Issued
	 	1,000.0000
	# Outstanding
	 	1,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	A & B Builders, Ltd
(MANAGED BY MATRIX
MANAGEMENT
SERVICES, L.L.C.)
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	CB&I Tyler Company
	 	Common Shares	 	—	 	Direct	 	 	1,000.0000	 

End of Corporate Summary Report for 850 PINE STREET INC.

A & B Builders, Ltd (MANAGED BY MATRIX MANAGEMENT SERVICES, L.L.C.)

Texas

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

 

Page 1 of 76

 

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Matrix Engineering, Ltd. (MANAGED
BY HOWE-BAKER INTERNATIONAL
MANAGEMENT, L.L.C.)
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	99.0000	 
	Matrix Management Services, L.L.C.
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	1.0000	 

End of Corporate Summary Report for A & B Builders, Ltd (MANAGED BY MATRIX MANAGEMENT SERVICES, L.L.C.)

ABB Lummus Global Cyprus Ltd.

Cyprus

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Class A Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000.0000
	# Shares Issued
	 	1,000.0000
	# Outstanding
	 	1,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Lummus B.V.
	 	Class A Common Shares	 	—	 	Direct	 	 	100.0000	 
	CB&I Oil & Gas Europe B.V.
	 	Class A Common Shares	 	—	 	Direct	 	 	900.0000	 

End of Corporate Summary Report for ABB Lummus Global Cyprus Ltd.

Arabian CBI Ltd.

Saudi Arabia

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	400.0000
	# Shares Issued
	 	400.0000
	# Outstanding
	 	400.0000

 

Page 2 of 76

 

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Alfadl, Abdullah Ibrahim A.
	 	Common Shares	 	—	 	Direct	 	 	30.0000	 
	Alfadl, Saleh Abdullah
	 	Common Shares	 	—	 	Direct	 	 	70.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	300.0000	 
	Commercial & Industrial Services Co. Ltd.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 

End of Corporate Summary Report for Arabian CBI Ltd.

Arabian CBI Tank Manufacturing Company Limited

Saudi Arabia

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	400.0000
	# Shares Issued
	 	400.0000
	# Outstanding
	 	400.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	300.0000	 
	Commercial & Industrial Services Co. Ltd.
	 	Common Shares	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for Arabian CBI Tank Manufacturing Company Limited

 

Page 3 of 76

 

Arabian Gulf Material Supply Company, Ltd.

Cayman Islands

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	50,000.0000
	# Shares Issued
	 	2.0000
	# Outstanding
	 	2.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	Common Shares	 	—	 	Direct	 	 	2.0000	 
	Denton, Shaun
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Palmer, Simon
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 

End of Corporate Summary Report for Arabian Gulf Material Supply Company, Ltd.

Asia Pacific Supply Co.

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	100,000.0000
	# Shares Issued
	 	100.0000
	# Outstanding
	 	100.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for Asia Pacific Supply Co.

 

Page 4 of 76

 

Atlantis Contractors Inc.

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	100.0000
	# Shares Issued
	 	100.0000
	# Outstanding
	 	100.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for Atlantis Contractors Inc.

Cape Steel Material Supply Company, Ltd.

Cayman Islands

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	50,000.0000
	# Shares Issued
	 	2.0000
	# Outstanding
	 	2.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	Common Shares	 	—	 	Direct	 	 	2.0000	 
	Denton, Shaun
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Palmer, Simon
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 

End of Corporate Summary Report for Cape Steel Material Supply Company, Ltd.

 

Page 5 of 76

 

Catalytic Distillation Technologies

Texas

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

There are no entries in this list

End of Corporate Summary Report for Catalytic Distillation Technologies

CB&I (Global Services) Limited

Dublin

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Ordinary
	Type
	 	Common
	# Shares Authorized
	 	100,000.0000
	# Shares Issued
	 	1,000.0000
	# Outstanding
	 	1,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Ordinary	 	—	 	Direct	 	 	1,000.0000	 

End of Corporate Summary Report for CB&I (Global Services) Limited

 

Page 6 of 76

 

CB&I (Nigeria) Limited

Nigeria

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	5,000,000.0000
	# Shares Issued
	 	5,000,000.0000
	# Outstanding
	 	5,000,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Europe B. V.
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	4,999,999.0000	 

End of Corporate Summary Report for CB&I (Nigeria) Limited

CB&I CANADA LTD.

Nova Scotia

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000,000.0000
	# Shares Issued
	 	100.0000
	# Outstanding
	 	100.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I UK LIMITED
	 	Common Shares	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for CB&I CANADA LTD.

 

Page 7 of 76

 

CB&I Constructors Limited

United Kingdom

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	200,000.0000
	# Shares Issued
	 	163,536.0000
	# Outstanding
	 	163,536.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Aldinger, Thomas L.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	CBI Holdings (U.K.) Limited
	 	Common Shares	 	—	 	Direct	 	 	163,536.0000	 

End of Corporate Summary Report for CB&I Constructors Limited

CB&I Engineering and Consulting GmbH

GERMANY

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Capitalization in Dollars
	Type
	 	Common
	# Shares Authorized
	 	50,000.0000
	# Shares Issued
	 	50,000.0000
	# Outstanding
	 	50,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Lummus GmbH
	 	Capitalization in Dollars	 	—	 	Direct	 	 	50,000.0000	 

End of Corporate Summary Report for CB&I Engineering and Consulting GmbH

 

Page 8 of 76

 

CB&I Engineering Consultant (Shanghai) Co. Ltd.

Shanghai

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Capital Contributions
	Type
	 	Common
	# Shares Authorized
	 	140,000.0000
	# Shares Issued
	 	140,000.0000
	# Outstanding
	 	140,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Europe B. V.
	 	Capital Contributions	 	—	 	Direct	 	 	140,000.0000	 

End of Corporate Summary Report for CB&I Engineering Consultant (Shanghai) Co. Ltd.

CB&I Europe B. V.

The Netherlands

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	200.0000
	# Shares Issued
	 	40.0000
	# Outstanding
	 	40.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CMP Holdings B.V.
	 	Common Shares	 	—	 	Direct	 	 	40.0000	 

End of Corporate Summary Report for CB&I Europe B. V.

 

Page 9 of 76

 

CB&I Finance Company Limited

Dublin

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	100,000.0000
	# Shares Issued
	 	2.0000
	# Outstanding
	 	2.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	2.0000	 

End of Corporate Summary Report for CB&I Finance Company Limited

CB&I HOLDINGS B.V.

Amsterdam

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Registered Shares
	Type
	 	Common
	# Shares Authorized
	 	9,000,000.0000
	# Shares Issued
	 	1,800,000.0000
	# Outstanding
	 	1,800,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company N.V.
	 	Registered Shares	 	—	 	Direct	 	 	1,800,000.0000	 

End of Corporate Summary Report for CB&I HOLDINGS B.V.

 

Page 10 of 76

 

CB&I HOUSTON 06 LLC

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Tyler Company
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	0.0000	 
	CB&I UK LIMITED
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for CB&I HOUSTON 06 LLC

CB&I HOUSTON 07 LLC

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Tyler Company
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for CB&I HOUSTON 07 LLC

 

Page 11 of 76

 

CB&I HOUSTON 08 LLC

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Paddington Limited
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	0.0000	 
	CB&I Tyler Company
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	0.0000	 
	CB&I UK LIMITED
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for CB&I HOUSTON 08 LLC

CB&I HOUSTON 09 LLC

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Tyler Company
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for CB&I HOUSTON 09 LLC

 

Page 12 of 76

 

CB&I HOUSTON 10 LLC

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Tyler Company
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for CB&I HOUSTON 10 LLC

CB&I HOUSTON 11 LLC

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Tyler Company
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for CB&I HOUSTON 11 LLC

 

Page 13 of 76

 

CB&I HOUSTON 12 LLC

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Tyler Company
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for CB&I HOUSTON 12 LLC

CB&I HOUSTON 13 LLC

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Tyler Company
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for CB&I HOUSTON 13 LLC

 

Page 14 of 76

 

CB&I HOUSTON LLC

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Tyler Company
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	0.0000	 
	CB&I UK LIMITED
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for CB&I HOUSTON LLC

CB&I Hungary Holding Limited Liabiltiy Company (CBI Hungary Kft.)

Hungary

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Registered Capital
	Type
	 	Common
	# Shares Authorized
	 	15,000.0000
	# Shares Issued
	 	15,000.0000
	# Outstanding
	 	15,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	Registered Capital	 	—	 	Direct	 	 	14,500.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Registered Capital	 	—	 	Direct	 	 	500.0000	 

End of Corporate Summary Report for CB&I Hungary Holding Limited Liabiltiy Company (CBI Hungary Kft.)

 

Page 15 of 76

 

CB&I Inc.

Texas

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000,000.0000
	# Shares Issued
	 	1,000,000.0000
	# Outstanding
	 	1,000,000.0000
	 
	Security Name
	 	Preferred Shares
	Type
	 	Common
	# Shares Authorized
	 	125,000.0000
	# Shares Issued
	 	0.0000
	# Outstanding
	 	0.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	1,000,000.0000	 
	Horton CBI, Limited
	 	Preferred Shares	 	—	 	Direct	 	 	0.0000	 

End of Corporate Summary Report for CB&I Inc.

CB&I LGOC/Techint Compania

England

Capital Structure — NonDerivative

There are no entries in this list

Owners

There are no entries in this list

End of Corporate Summary Report for CB&I LGOC/Techint Compania

 

Page 16 of 76

 

CB&I London

London

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Membership Units
	Type
	 	Common
	# Shares Authorized
	 	1.0000
	# Shares Issued
	 	1.0000
	# Outstanding
	 	1.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I UK LIMITED
	 	Membership Units	 	—	 	Direct	 	 	1.0000	 

End of Corporate Summary Report for CB&I London

CB&I Lummus B.V.

The Hague

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	272,270.0000
	# Shares Issued
	 	54,454.0000
	# Outstanding
	 	54,454.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Oil & Gas Europe B.V.
	 	Common Shares	 	—	 	Direct	 	 	54,454.0000	 

End of Corporate Summary Report for CB&I Lummus B.V.

 

Page 17 of 76

 

CB&I Lummus Crest Ltd.

England

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000.0000
	# Shares Issued
	 	1,000.0000
	# Outstanding
	 	1,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Lummus B.V.
	 	Common Shares	 	—	 	Direct	 	 	1,000.0000	 

End of Corporate Summary Report for CB&I Lummus Crest Ltd.

CB&I Lummus Crest Mauritius

Unknown

Capital Structure — NonDerivative

There are no entries in this list

Owners

There are no entries in this list

End of Corporate Summary Report for CB&I Lummus Crest Mauritius

 

Page 18 of 76

 

CB&I Lummus Global International Corporation

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,500.0000
	# Shares Issued
	 	100.0000
	# Outstanding
	 	100.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Lummus Technology Inc.
	 	Common Shares	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for CB&I Lummus Global International Corporation

CB&I Lummus Global Overseas Corporation

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	100.0000
	# Shares Issued
	 	100.0000
	# Outstanding
	 	100.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Lummus Technology Inc.
	 	Common Shares	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for CB&I Lummus Global Overseas Corporation

 

Page 19 of 76

 

CB&I Lummus GmbH

GERMANY

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Capitalization in DM
	Type
	 	Common
	# Shares Authorized
	 	2,600,000.0000
	# Shares Issued
	 	2,600,000.0000
	# Outstanding
	 	2,600,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Oil & Gas Europe B.V.
	 	Capitalization in DM	 	—	 	Direct	 	 	2,600,000.0000	 

End of Corporate Summary Report for CB&I Lummus GmbH

CB&I Lummus Ltda.

Brazil

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Capitalization in Rs
	Type
	 	Common
	# Shares Authorized
	 	19,393,548.0000
	# Shares Issued
	 	19,393,548.0000
	# Outstanding
	 	19,393,548.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Lummus Global
	 	Capitalization in Rs	 	—	 	Direct	 	 	2.0000	 
	International
Corporation
Lummus Technology Inc.
	 	Capitalization in Rs	 	—	 	Direct	 	 	19,393,546.0000	 

End of Corporate Summary Report for CB&I Lummus Ltda.

 

Page 20 of 76

 

CB&I Lummus Malta Limited

Malta

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000,000.0000
	# Shares Issued
	 	100,000.0000
	# Outstanding
	 	100,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Lummus B.V.
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	CB&I Oil & Gas Europe B.V.
	 	Common Shares	 	—	 	Direct	 	 	99,999.0000	 

End of Corporate Summary Report for CB&I Lummus Malta Limited

CB&I Lummus Pte. Ltd.

Singapore

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Capitalization in SGD
	Type
	 	Common
	# Shares Authorized
	 	550,000.0000
	# Shares Issued
	 	527,802.0000
	# Outstanding
	 	527,802.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Oil & Gas Europe B.V.
	 	Capitalization in SGD	 	—	 	Direct	 	 	527,802.0000	 

End of Corporate Summary Report for CB&I Lummus Pte. Ltd.

 

Page 21 of 76

 

CB&I Lummus s.r.o.

Czech Republic

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	100,000.0000
	# Shares Issued
	 	100,000.0000
	# Outstanding
	 	100,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Oil & Gas Europe B.V.
	 	Common Shares	 	—	 	Direct	 	 	100,000.0000	 

End of Corporate Summary Report for CB&I Lummus s.r.o.

CB&I Lummus, L.L.C.

Egypt

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	500.0000
	# Shares Issued
	 	500.0000
	# Outstanding
	 	500.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Lummus B.V.
	 	Common Shares	 	—	 	Direct	 	 	50.0000	 
	CB&I Oil & Gas Europe B.V.
	 	Common Shares	 	—	 	Direct	 	 	450.0000	 

End of Corporate Summary Report for CB&I Lummus, L.L.C.

 

Page 22 of 76

 

CB&I Oil & Gas Europe B.V.

The Hague

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,115.0000
	# Shares Issued
	 	225.0000
	# Outstanding
	 	225.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	225.0000	 

End of Corporate Summary Report for CB&I Oil & Gas Europe B.V.

CB&I Paddington Limited

London

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	500,000,000.0000
	# Shares Issued
	 	3,589,077.0000
	# Outstanding
	 	3,589,077.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Tyler Company
	 	Common Shares	 	—	 	Direct	 	 	3,589,077.0000	 

End of Corporate Summary Report for CB&I Paddington Limited

 

Page 23 of 76

 

CB&I Tyler Company

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000.0000
	# Shares Issued
	 	1,000.0000
	# Outstanding
	 	1,000.0000
	 
	 	 
	Security Name
	 	Preferred Shares
	Type
	 	Common
	# Shares Authorized
	 	100.0000
	# Shares Issued
	 	10.0000
	# Outstanding
	 	10.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I WOODLANDS LLC
	 	Preferred Shares	 	—	 	Direct	 	 	10.0000	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	1,000.0000	 

End of Corporate Summary Report for CB&I Tyler Company

CB&I UK LIMITED

London

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	207,200,000.0000
	# Shares Issued
	 	117,074,741.0000
	# Outstanding
	 	117,074,741.0000

 

Page 24 of 76

 

	 	 	 
	Security Name
	 	Ordinary
	Type
	 	Common
	# Shares Authorized
	 	400,200,000.0000
	# Shares Issued
	 	155,600,000.0000
	# Outstanding
	 	155,600,000.0000
	 
	 	 
	Security Name
	 	Ordinary Shares
	Type
	 	Common
	# Shares Authorized
	 	400,200,000.0000
	# Shares Issued
	 	80,000,000.0000
	# Outstanding
	 	80,000,000.0000
	 
	 	 
	Security Name
	 	Registered Shares
	Type
	 	Common
	# Shares Authorized
	 	400,200,000.0000
	# Shares Issued
	 	25,000,000.0000
	# Outstanding
	 	25,000,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	117,074,740.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Ordinary	 	—	 	Direct	 	 	155,600,000.0000	 

End of Corporate Summary Report for CB&I UK LIMITED

CB&I UK/Techint International Construction

England

Capital Structure — NonDerivative

There are no entries in this list

Owners

There are no entries in this list

End of Corporate Summary Report for CB&I UK/Techint International Construction

 

Page 25 of 76

 

CB&I WOODLANDS LLC

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Tyler Company
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for CB&I WOODLANDS LLC

CBI (Malaysia) Sdn. Bhd.

Malaysia

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	5,000,000.0000
	# Shares Issued
	 	1,674,000.0000
	# Outstanding
	 	1,674,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Bin Ali, Datuk Abdullah
	 	Common Shares	 	—	 	Direct	 	 	421,000.0000	 
	Bin Ali, Haji Sulaiman
	 	Common Shares	 	—	 	Direct	 	 	140,000.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	1,065,000.0000	 
	Muhammed, Abdul R.
	 	Common Shares	 	—	 	Direct	 	 	30,000.0000	 
	Yusoff, Ghazali Bin Datuk
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 

End of Corporate Summary Report for CBI (Malaysia) Sdn. Bhd.

 

Page 26 of 76

 

CBI (Philippines) Inc.

Philippines

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	2,000,000.0000
	# Shares Issued
	 	1,200,000.0000
	# Outstanding
	 	1,200,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Badong, Orlando B.
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	1,199,993.0000	 
	Cochran, David J.
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Cochrane, J. A.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Han, Pin-Chung
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Javier, Carlito H.
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Molo, Pedro T.
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Nockels, Keith E.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Reyes, Salomon F.
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Tayao, Silverio S.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Trezeciak, Michael Edward
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Tsurusaki, Kenneth T.
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 

End of Corporate Summary Report for CBI (Philippines) Inc.

 

Page 27 of 76

 

CBI (Thailand) Limited

Bangkok Metropolis, Thailand

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000,000.0000
	# Shares Issued
	 	1,000,000.0000
	# Outstanding
	 	1,000,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Basgen, Thomas F.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Charnivirakul, Anutin
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Charnvirakul, Chavarat
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	499,998.0000	 
	Han, Pin-Chung
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Malawan, Anawat
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Neo Creator Co, Limited
	 	Common Shares	 	—	 	Direct	 	 	499,997.0000	 
	Sensupa, Satit
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Sino-Thai Development Co., Ltd.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Sino-Thai Engineering and Construction Public Company Limited 
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Sino-Thai Engineering Construction Co., Ltd.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Sookdhis, Tanothai
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Titanantabutr, Poosit
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Vasinwatanapong, Pattara
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 

End of Corporate Summary Report for CBI (Thailand) Limited

CBI Americas Ltd.

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	10,000.0000
	# Shares Issued
	 	10,000.0000
	# Outstanding
	 	10,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Ownership	 	 	 	 
	Name	 	Security Name	 	 	Underlying Security	 	 	Form	 	 	Current Holdings	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	 	 	Direct	 	 	10,000.0000	 

End of Corporate Summary Report for CBI Americas Ltd.

 

Page 28 of 76

 

CBI ARUBA N.V.

ARUBA

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	500.0000
	# Shares Issued
	 	100.0000
	# Outstanding
	 	100.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CBI Americas Ltd.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for CBI ARUBA N.V.

CBI Bahamas Limited

Bahamas

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	5,000.0000
	# Shares Issued
	 	5,000.0000
	# Outstanding
	 	5,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	Common Shares	 	—	 	Direct	 	 	5,000.0000	 

End of Corporate Summary Report for CBI Bahamas Limited

 

Page 29 of 76

 

CBI Caribe, Limited

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	3,500.0000
	# Shares Issued
	 	3,500.0000
	# Outstanding
	 	3,500.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	2,128.0000	 

End of Corporate Summary Report for CBI Caribe, Limited

CBI COLOMBIANA S.A.

Cartagena

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	500,000,000.0000
	# Shares Issued
	 	169,986,701.0000
	# Outstanding
	 	169,986,701.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Calcedo, Jaime Eduardo Trujillo
	 	Common Shares	 	—	 	Direct	 	 	0.0010	 
	Carvajal, Martha Tatiana Garces
	 	Common Shares	 	—	 	Direct	 	 	0.0010	 
	CBI Bahamas Limited
	 	Common Shares	 	—	 	Direct	 	 	8,499,349.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	161,487,351.9970	 
	Montgomery, Clare
	 	Common Shares	 	—	 	Direct	 	 	0.0010	 

End of Corporate Summary Report for CBI COLOMBIANA S.A.

 

Page 30 of 76

 

CBI Company Ltd.

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	10,000.0000
	# Shares Issued
	 	5,310.0000
	# Outstanding
	 	5,310.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	5,310.0000	 

End of Corporate Summary Report for CBI Company Ltd.

CBI Construcciones S.A.

Argentina

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000,000.0000
	# Shares Issued
	 	1,000,000.0000
	# Outstanding
	 	1,000,000.0000

 

Page 31 of 76

 

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	Common Shares	 	—	 	Direct	 	 	50,000.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	950,000.0000	 

End of Corporate Summary Report for CBI Construcciones S.A.

CBI Constructors (PNG) Pty. Limited

Papua New Guinea

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	100,000.0000
	# Shares Issued
	 	100,000.0000
	# Outstanding
	 	100,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CBI Constructors Pty. Limited
	 	Common Shares	 	—	 	Direct	 	 	100,000.0000	 

End of Corporate Summary Report for CBI Constructors (PNG) Pty. Limited

CBI Constructors FZE

Dubai

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1.0000
	# Shares Issued
	 	1.0000
	# Outstanding
	 	1.0000

 

Page 32 of 76

 

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 

End of Corporate Summary Report for CBI Constructors FZE

CBI Constructors Pty. Limited

New South Wales

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	500,000.0000
	# Shares Issued
	 	302,623.0000
	# Outstanding
	 	302,623.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	302,623.0000	 

End of Corporate Summary Report for CBI Constructors Pty. Limited

CBI Constructors S.A. (Proprietary) Limited

South Africa

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	275,000.0000
	# Shares Issued
	 	263,000.0000
	# Outstanding
	 	263,000.0000

 

Page 33 of 76

 

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Barrolaza, Julian Y.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	CB&I Constructors Limited
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	263,000.0000	 
	Freeman, William M.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Grinsted, P. M.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Jones, John E.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Mitchell, Marvin G.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Moore, Buell V.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Stephan, Dean E.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 

End of Corporate Summary Report for CBI Constructors S.A. (Proprietary) Limited

CBI Costa Rica, S.A.

Costa Rica

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	2,000.0000
	# Shares Issued
	 	2,000.0000
	# Outstanding
	 	2,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	1,999.0000	 
	CMP Holdings B.V.
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 

End of Corporate Summary Report for CBI Costa Rica, S.A.

 

Page 34 of 76

 

CBI de Nicaragua, Sociedad Anónima

Nicaragua

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000.0000
	# Shares Issued
	 	1,000.0000
	# Outstanding
	 	1,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CBI Caribe, Limited
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	CBI Company Ltd.
	 	Common Shares	 	—	 	Direct	 	 	998.0000	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 

End of Corporate Summary Report for CBI de Nicaragua, Sociedad Anónima

CBI de Venezuela, C. A.

Venezuela

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	2,505,000.0000
	# Shares Issued
	 	2,505,000.0000
	# Outstanding
	 	2,505,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	25,050.0000	 

End of Corporate Summary Report for CBI de Venezuela, C. A.

 

Page 35 of 76

 

CBI Dominicana, S.A.

Dominican Republic

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Ordinary Shares
	Type
	 	Common
	# Shares Authorized
	 	6,900.0000
	# Shares Issued
	 	6,900.0000
	# Outstanding
	 	6,900.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Canals, Cesar E.
	 	Ordinary Shares	 	—	 	Direct	 	 	1.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Ordinary Shares	 	—	 	Direct	 	 	6,894.0000	 
	Delman, David A.
	 	Ordinary Shares	 	—	 	Direct	 	 	1.0000	 
	Lopez, Sergio
	 	Ordinary Shares	 	—	 	Direct	 	 	1.0000	 
	Novak, Timothy
	 	Ordinary Shares	 	—	 	Direct	 	 	1.0000	 
	Rector, Ronald B.
	 	Ordinary Shares	 	—	 	Direct	 	 	1.0000	 
	Schmidt, Kenneth L.
	 	Ordinary Shares	 	—	 	Direct	 	 	1.0000	 

End of Corporate Summary Report for CBI Dominicana, S.A.

CBI Eastern Anstalt

Vaduz, Liechtenstein

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1.0000
	# Shares Issued
	 	1.0000
	# Outstanding
	 	1.0000

 

Page 36 of 76

 

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 

End of Corporate Summary Report for CBI Eastern Anstalt

CBI Holdings (U.K.) Limited

United Kingdom

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,001,000.0000
	# Shares Issued
	 	1,000,001.0000
	# Outstanding
	 	1,000,001.0000

	 	 	 
	Security Name
	 	Ordinary
	Type
	 	Common
	# Shares Authorized
	 	400,200,000.0000
	# Shares Issued
	 	297,674,741.0000
	# Outstanding
	 	297,674,741.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	1,000,001.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Ordinary	 	—	 	Direct	 	 	180,600,000.0000	 
	Kershaw, David R.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Thorburn, Wilson H.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 

End of Corporate Summary Report for CBI Holdings (U.K.) Limited

 

Page 37 of 76

 

CBI JAMAICA LIMITED

JAMAICA

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	5,000.0000
	# Shares Issued
	 	5,000.0000
	# Outstanding
	 	5,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	5,000.0000	 

End of Corporate Summary Report for CBI JAMAICA LIMITED

CBI Luxembourg S.a.r.l.

Luxembourg

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	640.0000
	# Shares Issued
	 	640.0000
	# Outstanding
	 	640.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	640.0000	 

End of Corporate Summary Report for CBI Luxembourg S.a.r.l.

 

Page 38 of 76

 

CBI MONTAJES DE CHILE LIMITADA

Chile

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Class A Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000.0000
	# Shares Issued
	 	1,000.0000
	# Outstanding
	 	1,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	Class A Common Shares	 	—	 	Direct	 	 	10.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Class A Common Shares	 	—	 	Direct	 	 	990.0000	 

End of Corporate Summary Report for CBI MONTAJES DE CHILE LIMITADA

CBI Overseas, LLC

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

There are no entries in this list

End of Corporate Summary Report for CBI Overseas, LLC

 

Page 39 of 76

 

CBI Panama, S.A.

Panama

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000.0000
	# Shares Issued
	 	1,000.0000
	# Outstanding
	 	1,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	1,000.0000	 

End of Corporate Summary Report for CBI Panama, S.A.

CBI Peruana SAC

Peru

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	5,000.0000
	# Shares Issued
	 	5,000.0000
	# Outstanding
	 	5,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Cedeno, Cipriano
	 	Common Shares	 	—	 	Direct	 	 	0.0100	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	4,999.9900	 

End of Corporate Summary Report for CBI Peruana SAC

 

Page 40 of 76

 

CBI Services, Inc.

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000,000.0000
	# Shares Issued
	 	11,000.0000
	# Outstanding
	 	11,000.0000

	 	 	 
	Security Name
	 	Preferred Shares
	Type
	 	Common
	# Shares Authorized
	 	100,000.0000
	# Shares Issued
	 	22,202.0000
	# Outstanding
	 	22,202.0000

	 	 	 
	Security Name
	 	Preferred Shares Series B
	Type
	 	Common
	# Shares Authorized
	 	48,000.0000
	# Shares Issued
	 	8,000.0000
	# Outstanding
	 	8,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	11,000.0000	 
	Horton CBI, Limited
	 	Preferred Shares	 	—	 	Direct	 	 	22,202.0000	 
	Horton CBI, Limited
	 	Preferred Shares Series B	 	—	 	Direct	 	 	8,000.0000	 

End of Corporate Summary Report for CBI Services, Inc.

CBI Venezolana, S. A.

Venezuela

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,190,000,000.0000
	# Shares Issued
	 	17,200.0000
	# Outstanding
	 	17,200.0000

 

Page 41 of 76

 

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	17,200.0000	 

End of Corporate Summary Report for CBI Venezolana, S. A.

CBIT I, LLC

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	49.0000	 
	Lopez, Sergio
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	26.0000	 
	Reyes, Luciano
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	25.0000	 

End of Corporate Summary Report for CBIT I, LLC

 

Page 42 of 76

 

CBIT II, LLC

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	49.0000	 
	Lopez, Sergio
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	26.0000	 
	Reyes, Luciano
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	25.0000	 

End of Corporate Summary Report for CBIT II, LLC

CBIT III, LLC

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	49.0000	 
	Lopez, Sergio
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	26.0000	 
	Reyes, Luciano
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	25.0000	 

End of Corporate Summary Report for CBIT III, LLC

 

Page 43 of 76

 

CBIT IV, LLC

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	49.0000	 
	Lopez, Sergio
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	26.0000	 
	Reyes, Luciano
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	25.0000	 

End of Corporate Summary Report for CBIT IV, LLC

CDTECH International Corporation

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000.0000
	# Shares Issued
	 	1,000.0000
	# Outstanding
	 	1,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Catalytic Distillation Technologies
	 	Common Shares	 	—	 	Direct	 	 	1,000.0000	 

End of Corporate Summary Report for CDTECH International Corporation

 

Page 44 of 76

 

Central Trading Company, Ltd.

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000.0000
	# Shares Issued
	 	1,000.0000
	# Outstanding
	 	1,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	1,000.0000	 

End of Corporate Summary Report for Central Trading Company, Ltd.

Chevron Lummus Global L.L.C.

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for Chevron Lummus Global L.L.C.

 

Page 45 of 76

 

Chicago Bridge & Iron (Antilles) N. V.

Curacao

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	30,000.0000
	# Shares Issued
	 	6,000.0000
	# Outstanding
	 	6,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	6,000.0000	 

End of Corporate Summary Report for Chicago Bridge & Iron (Antilles) N. V.

Chicago Bridge & Iron Company

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	3,000.0000
	# Shares Issued
	 	100.0000
	# Outstanding
	 	100.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I HOLDINGS B.V.
	 	Common Shares	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for Chicago Bridge & Iron Company

 

Page 46 of 76

 

Chicago Bridge & Iron Company

Illinois

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000.0000
	# Shares Issued
	 	1,000.0000
	# Outstanding
	 	1,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	1,000.0000	 

End of Corporate Summary Report for Chicago Bridge & Iron Company

Chicago Bridge & Iron Company & Co. L.L.C.

Oman

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	150,000.0000
	# Shares Issued
	 	150,000.0000
	# Outstanding
	 	150,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Al Bussaidy, Sayyid Slaem Musallam Ali
	 	Common Shares	 	—	 	Direct	 	 	45,000.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	105,000.0000	 

End of Corporate Summary Report for Chicago Bridge & Iron Company & Co. L.L.C.

 

Page 47 of 76

 

Chicago Bridge & Iron Company (Delaware)

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000.0000
	# Shares Issued
	 	1,000.0000
	# Outstanding
	 	1,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	1,000.0000	 

End of Corporate Summary Report for Chicago Bridge & Iron Company (Delaware)

Chicago Bridge & Iron Company (Egypt) LLC

Giza

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	2,000.0000
	# Shares Issued
	 	2,000.0000
	# Outstanding
	 	2,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	1,600.0000	 
	Marco, Basil
	 	Common Shares	 	—	 	Direct	 	 	200.0000	 
	Nassar, Mike
	 	Common Shares	 	—	 	Direct	 	 	200.0000	 

End of Corporate Summary Report for Chicago Bridge & Iron Company (Egypt) LLC

 

Page 48 of 76

 

Chicago Bridge & Iron Company B.V.

The Netherlands

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	200.0000
	# Shares Issued
	 	50.0000
	# Outstanding
	 	50.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Lealand Finance Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	50.0000	 

End of Corporate Summary Report for Chicago Bridge & Iron Company B.V.

Chicago Bridge & Iron Company N.V.

The Netherlands

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	250,000,000.0000
	# Shares Issued
	 	98,083,608.0000
	# Outstanding
	 	98,083,608.0000

Owners

There are no entries in this list

End of Corporate Summary Report for Chicago Bridge & Iron Company N.V.

 

Page 49 of 76

 

Chicago Bridge de México, S.A. de C.V.

Mexico

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000.0000
	# Shares Issued
	 	1,000.0000
	# Outstanding
	 	1,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	999.0000	 

End of Corporate Summary Report for Chicago Bridge de México, S.A. de C.V.

Chicago Bridge Uruguay S.A.

Uruguay

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,050,000.0000
	# Shares Issued
	 	262,500.0000
	# Outstanding
	 	262,500.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	262,500.0000	 

End of Corporate Summary Report for Chicago Bridge Uruguay S.A.

 

Page 50 of 76

 

CLG Technical Services LLC

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	100.0000
	# Shares Issued
	 	10.0000
	# Outstanding
	 	10.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chevron Lummus Global L.L.C.
	 	Common Shares	 	—	 	Direct	 	 	10.0000	 

End of Corporate Summary Report for CLG Technical Services LLC

CMP Holdings B.V.

The Netherlands

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	60,000,000.0000
	# Shares Issued
	 	42,889,195.0000
	# Outstanding
	 	42,889,195.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Inc.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	42,889,195.0000	 
	Oasis Supply Company Anstalt
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 

End of Corporate Summary Report for CMP Holdings B.V.

 

Page 51 of 76

 

Combustion Engineering Technology Investment Corp.

Unknown

Capital Structure — NonDerivative

There are no entries in this list

Owners

There are no entries in this list

End of Corporate Summary Report for Combustion Engineering Technology Investment Corp.

Constructora C.B.I. Limitada

Chile

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	205,000.0000
	# Shares Issued
	 	205,000.0000
	# Outstanding
	 	205,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CBI Company Ltd.
	 	Common Shares	 	—	 	Direct	 	 	202,950.0000	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	2,050.0000	 

End of Corporate Summary Report for Constructora C.B.I. Limitada

 

Page 52 of 76

 

Constructors International, L.L.C.

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

There are no entries in this list

End of Corporate Summary Report for Constructors International, L.L.C.

CSA Trading Company Ltd.

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	10,000.0000
	# Shares Issued
	 	10,000.0000
	# Outstanding
	 	10,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	10,000.0000	 

End of Corporate Summary Report for CSA Trading Company Ltd.

 

Page 53 of 76

 

Fibre Making Processes, Inc.

Illinois

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	750.0000
	# Shares Issued
	 	750.0000
	# Outstanding
	 	750.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	750.0000	 

End of Corporate Summary Report for Fibre Making Processes, Inc.

HBI Holdings, LLC

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Howe-Baker International Management, LLC
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for HBI Holdings, LLC

 

Page 54 of 76

 

Highland Trading Company, Ltd.

Cayman Islands

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	50,000.0000
	# Shares Issued
	 	2.0000
	# Outstanding
	 	2.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	2.0000	 
	Moon, Andrew
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Ridley, Timothy
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 

End of Corporate Summary Report for Highland Trading Company, Ltd.

Horton CBI, Limited

Federally Chartered

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	65,000.0000
	# Shares Issued
	 	64,979.0000
	# Outstanding
	 	64,979.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chasin, Phil
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	64,965.0000	 
	Inman, William
	 	Common Shares	 	—	 	Direct	 	 	13.0000	 

End of Corporate Summary Report for Horton CBI, Limited

 

Page 55 of 76

 

Howe-Baker Eastern Limited

United Kingdom

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000,000.0000
	# Shares Issued
	 	1.0000
	# Outstanding
	 	1.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 

End of Corporate Summary Report for Howe-Baker Eastern Limited

Howe-Baker Engineers, Ltd.

Texas

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Howe-Baker Holdings, L.L.C.
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	99.0000	 
	Howe-Baker Management, L.L.C.
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	1.0000	 

End of Corporate Summary Report for Howe-Baker Engineers, Ltd.

 

Page 56 of 76

 

Howe-Baker Holdings, L.L.C.

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Howe-Baker International, L.L.C.
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for Howe-Baker Holdings, L.L.C.

Howe-Baker International Management, LLC

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Howe-Baker International, L.L.C.
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for Howe-Baker International Management, LLC

 

Page 57 of 76

 

Howe-Baker International, L.L.C.

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Inc.
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	100.0000	 
	CB&I Tyler Company
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	0.0000	 

End of Corporate Summary Report for Howe-Baker International, L.L.C.

Howe-Baker Management, L.L.C.

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Howe-Baker Holdings, L.L.C.
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for Howe-Baker Management, L.L.C.

 

Page 58 of 76

 

Hua Lu Engineering Co., Ltd.

China

Capital Structure — NonDerivative

There are no entries in this list

Owners

There are no entries in this list

End of Corporate Summary Report for Hua Lu Engineering Co., Ltd.

International Process Supply Company, Ltd

Cayman Islands

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	50,000.0000
	# Shares Issued
	 	50,000.0000
	# Outstanding
	 	50,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	Common Shares	 	—	 	Direct	 	 	50,000.0000	 

End of Corporate Summary Report for International Process Supply Company, Ltd

 

Page 59 of 76

 

IOP Services

England

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	5,000.0000
	# Shares Issued
	 	1,000.0000
	# Outstanding
	 	1,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Oil & Gas Europe B.V.
	 	Common Shares	 	—	 	Direct	 	 	1,000.0000	 

End of Corporate Summary Report for IOP Services

Lealand Finance Company B.V.

The Netherlands

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	200.0000
	# Shares Issued
	 	40.0000
	# Outstanding
	 	40.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company N.V.
	 	Common Shares	 	—	 	Direct	 	 	40.0000	 

End of Corporate Summary Report for Lealand Finance Company B.V.

 

Page 60 of 76

 

Lummus Alireza Ltd Co

Saudi Arabia

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	35,000.0000
	# Shares Issued
	 	35,000.0000
	# Outstanding
	 	35,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Alireza, Alawi Mahmood
	 	Common Shares	 	—	 	Direct	 	 	735.0000	 
	Alireza, Yousuf
	 	Common Shares	 	—	 	Direct	 	 	735.0000	 
	CB&I Lummus B.V.
	 	Common Shares	 	—	 	Direct	 	 	33,530.0000	 

End of Corporate Summary Report for Lummus Alireza Ltd Co

Lummus Catalyst Company Ltd.

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,500.0000
	# Shares Issued
	 	100.0000
	# Outstanding
	 	100.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Lummus Technology Inc.
	 	Common Shares	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for Lummus Catalyst Company Ltd.

 

Page 61 of 76

 

Lummus Novolen Technology GmbH

GERMANY

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Capitalization in Euros
	Type
	 	Common
	# Shares Authorized
	 	25,000.0000
	# Shares Issued
	 	25,000.0000
	# Outstanding
	 	25,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Lummus GmbH
	 	Capitalization in Euros	 	—	 	Direct	 	 	25,000.0000	 

End of Corporate Summary Report for Lummus Novolen Technology GmbH

Lummus Russia B.V.

The Netherlands

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	18,000.0000
	# Shares Issued
	 	18,000.0000
	# Outstanding
	 	18,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Oil & Gas Europe B.V.
	 	Common Shares	 	—	 	Direct	 	 	18,000.0000	 
	CMP Holdings B.V.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 

End of Corporate Summary Report for Lummus Russia B.V.

 

Page 62 of 76

 

Lummus Technology B.V.

The Hague

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	272,270.0000
	# Shares Issued
	 	54,454.0000
	# Outstanding
	 	54,454.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Oil & Gas Europe B.V.
	 	Common Shares	 	—	 	Direct	 	 	54,454.0000	 

End of Corporate Summary Report for Lummus Technology B.V.

Lummus Technology Heat Transfer B.V.

The Hague

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	22,690.0000
	# Shares Issued
	 	4,538.0000
	# Outstanding
	 	4,538.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Oil & Gas Europe B.V.
	 	Common Shares	 	—	 	Direct	 	 	4,538.0000	 

End of Corporate Summary Report for Lummus Technology Heat Transfer B.V.

 

Page 63 of 76

 

Lummus Technology Inc.

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	100,000.0000
	# Shares Issued
	 	61,160.0000
	# Outstanding
	 	61,160.0000

Owners

There are no entries in this list

End of Corporate Summary Report for Lummus Technology Inc.

Lutech Resources B.V.

The Hague

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	900.0000
	# Shares Issued
	 	180.0000
	# Outstanding
	 	180.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Oil & Gas Europe B.V.
	 	Common Shares	 	—	 	Direct	 	 	180.0000	 

End of Corporate Summary Report for Lutech Resources B.V.

 

Page 64 of 76

 

Lutech Resources Canada Ltd.

Alberta

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	Unlimited
	# Shares Issued
	 	100.0000
	# Outstanding
	 	100.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for Lutech Resources Canada Ltd.

Lutech Resources Inc.

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000.0000
	# Shares Issued
	 	1,000.0000
	# Outstanding
	 	1,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	1,000.0000	 

End of Corporate Summary Report for Lutech Resources Inc.

 

Page 65 of 76

 

Lutech Resources Limited

London

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,000.0000
	# Shares Issued
	 	1,000.0000
	# Outstanding
	 	1,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Oil & Gas Europe B.V.
	 	Common Shares	 	—	 	Direct	 	 	1,000.0000	 

End of Corporate Summary Report for Lutech Resources Limited

Matrix Engineering, Ltd. (MANAGED BY HOWE-BAKER INTERNATIONAL MANAGEMENT, L.L.C.)

Texas

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Howe-Baker Holdings, L.L.C.
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	99.9000	 
	Howe-Baker International
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	0.1000	 
	Management, LLC
	 	 	 	 	 	 	 	 	 	 

End of Corporate Summary Report for Matrix Engineering, Ltd. (MANAGED BY HOWE-BAKER INTERNATIONAL MANAGEMENT, L.L.C.)

 

Page 66 of 76

 

Matrix Management Services, L.L.C.

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Matrix Engineering,
Ltd. (MANAGED BY
HOWE-BAKER
INTERNATIONAL MANAGEMENT, L.L.C.)
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for Matrix Management Services, L.L.C.

Neo Creator Co, Limited

Bangkok Metropolis, Thailand

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1,499.0000
	# Shares Issued
	 	1,499.0000
	# Outstanding
	 	1,499.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Common Shares	 	—	 	Direct	 	 	998.0000	 
	Chueasoey, Pongyuth
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Malawan, Anawat
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Manasarn, Thansammorn
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Poonithet, Adisak
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Sensupa, Satit
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Traisarnsri, Chairat
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	Vasinwatanapong, Pattara
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 
	VPPW Business Consultant Ltd.
	 	Common Shares	 	—	 	Direct	 	 	494.0000	 

End of Corporate Summary Report for Neo Creator Co, Limited

 

Page 67 of 76

 

Netherlands Operating Company B.V.

The Hague

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	910.0000
	# Shares Issued
	 	182.0000
	# Outstanding
	 	182.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Oil & Gas Europe B.V.
	 	Common Shares	 	—	 	Direct	 	 	182.0000	 

End of Corporate Summary Report for Netherlands Operating Company B.V.

Novolen Technology Holdings C.V.

The Hague

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Units of Ownership
	Type
	 	Common
	# Shares Authorized
	 	0.0000
	# Shares Issued
	 	0.0000
	# Outstanding
	 	0.0000

Owners

There are no entries in this list

End of Corporate Summary Report for Novolen Technology Holdings C.V.

 

Page 68 of 76

 

Oasis Supply Company Anstalt

Vaduz, Liechtenstein

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1.0000
	# Shares Issued
	 	1.0000
	# Outstanding
	 	1.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CBI Eastern Anstalt
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 

End of Corporate Summary Report for Oasis Supply Company Anstalt

Oasis Supply Company, Ltd.

Cayman Islands

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	50,000.0000
	# Shares Issued
	 	2.0000
	# Outstanding
	 	2.0000

 

Page 69 of 76

 

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	2.0000	 
	Moon, Andrew
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	Ridley, Timothy
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 

End of Corporate Summary Report for Oasis Supply Company, Ltd.

Oceanic Contractors, Inc.

Delaware

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	100,000.0000
	# Shares Issued
	 	45,720.0000
	# Outstanding
	 	45,720.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company
	 	Common Shares	 	—	 	Direct	 	 	45,720.0000	 
	Rebikoff, Dimitri I.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 

End of Corporate Summary Report for Oceanic Contractors, Inc.

OOO CB&I Lummus

Moscow

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	1.0000
	# Shares Issued
	 	1.0000
	# Outstanding
	 	1.0000

 

Page 70 of 76

 

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	CB&I Oil & Gas Europe B.V.
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 

End of Corporate Summary Report for OOO CB&I Lummus

Oxford Metal Supply Limited

United Kingdom

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	100.0000
	# Shares Issued
	 	100.0000
	# Outstanding
	 	100.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Aldinger, Thomas L.
	 	Common Shares	 	—	 	Direct	 	 	0.0000	 
	CB&I Constructors Limited
	 	Common Shares	 	—	 	Direct	 	 	99.0000	 
	McKenzie, J. Robert
	 	Common Shares	 	—	 	Direct	 	 	1.0000	 

End of Corporate Summary Report for Oxford Metal Supply Limited

P.T. Chicago Bridge & Iron

Indonesia

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	6,624.0000
	# Shares Issued
	 	1,656.0000
	# Outstanding
	 	1,656.0000

Owners

There are no entries in this list

End of Corporate Summary Report for P.T. Chicago Bridge & Iron

 

Page 71 of 76

 

Pacific Rim Material Supply Company, Ltd.

Cayman Islands

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	50,000.0000
	# Shares Issued
	 	2.0000
	# Outstanding
	 	2.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Ownership	 	 	 	 
	Name	 	Security Name	 	 	Underlying Security	 	 	Form	 	 	Current Holdings	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	Common Shares	 	 	 	—	 	 	Direct	 	 	2.0000	 
	Denton, Shaun
	 	Common Shares	 	 	 	—	 	 	Direct	 	 	0.0000	 
	Palmer, Simon
	 	Common Shares	 	 	 	—	 	 	Direct	 	 	0.0000	 

End of Corporate Summary Report for Pacific Rim Material Supply Company, Ltd.

Sarida Offshore Company

Unknown

Capital Structure — NonDerivative

There are no entries in this list

Owners

There are no entries in this list

End of Corporate Summary Report for Sarida Offshore Company

 

Page 72 of 76

 

Sarida Offshore Company

B.W.I.

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Percentage Ownership Interest
	Type
	 	—
	# Shares Authorized
	 	—
	# Shares Issued
	 	—
	# Outstanding
	 	—

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Lummus Technology Inc.
	 	Percentage Ownership Interest	 	—	 	Direct	 	 	100.0000	 

End of Corporate Summary Report for Sarida Offshore Company

Sarida Offshore Company

B.W.I.

Capital Structure — NonDerivative

There are no entries in this list

Owners

There are no entries in this list

End of Corporate Summary Report for Sarida Offshore Company

 

Page 73 of 76

 

Sarida Offshore Company

B.W.I.

Capital Structure — NonDerivative

There are no entries in this list

Owners

There are no entries in this list

End of Corporate Summary Report for Sarida Offshore Company

	 
	Sarida Offshore Company

	B.W.I.

Capital Structure — NonDerivative

There are no entries in this list

Owners

There are no entries in this list

End of Corporate Summary Report for Sarida Offshore Company

Southern Tropic Material Supply Company, Ltd.

Cayman Islands

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Common Shares
	Type
	 	Common
	# Shares Authorized
	 	50,000.0000
	# Shares Issued
	 	2.0000
	# Outstanding
	 	2.0000

 

Page 74 of 76

 

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron (Antilles) N. V.
	 	Common Shares	 	—	 	Direct	 	 	2.0000	 

End of Corporate Summary Report for Southern Tropic Material Supply Company, Ltd.

Tank Constructors Limited

London

Capital Structure — NonDerivative

There are no entries in this list

Owners

There are no entries in this list

End of Corporate Summary Report for Tank Constructors Limited

WOODLANDS INTERNATIONAL INSURANCE COMPANY

Ireland

Capital Structure — NonDerivative

	 	 	 
	Security Name
	 	Ordinary
	Type
	 	Common
	# Shares Authorized
	 	5,000,000.0000
	# Shares Issued
	 	860,000.0000
	# Outstanding
	 	860,000.0000

Owners

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Ownership	 	 	 
	Name	 	Security Name	 	Underlying Security	 	Form	 	Current Holdings	 
	Chicago Bridge & Iron Company B.V.
	 	Ordinary	 	—	 	Direct	 	 	860,000.0000	 

 

Page 75 of 76

 

End of Corporate Summary Report for WOODLANDS INTERNATIONAL INSURANCE COMPANY

End of Report

hCue, Powering Good Corporate Governance — brought to you by CT Corporation © 2009, a Wolters Kluwer company

 

Page 76 of 76

 

Schedule 6.9 — Pension and Postretirement Plans

In 000’s of USD Equivalent

As of December 31, 2009

CB&I reviewed the valuations of the CB&I worldwide pension and postretirement medical plans as
performed by a number of actuaries (Towers Watson; Prudential; PricewaterhouseCoopers; & Lane,
Clark & Peacock). From the actuarial reports, the underfunded status of $128.7MM as of December
31, 2009 was detailed as follows by country:

	 	 	 	 	 
	USA
	 	 	54,789	 
	Germany
	 	 	48,202	 
	London
	 	 	25,690	 
	 
	 	 	 
	 
	 	 	128,681	 
	 
	 	 	 

 

 

 

Schedule 6.17 — Environmental Matters

A (iii) A subsidiary of the Company is subject to a consent order at its former facility in New
Castle, Delaware.

Other matters disclosed in the Company’s Annual Reports on Form 10-K for the years ended
December 31, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008 & 2009.

A (iv) The Company and its subsidiaries have operated for many years at many facilities at which
there are or may have been landfills, waste piles, underground storage tanks, aboveground storage
tanks, surface impoundments and hazardous waste storage facilities of all kinds, polychlorinated
biphenyls (PCBs) used in hydraulic oils, electric transformers or other equipment or asbestos
containing materials.

A (v) A subsidiary of the Company was a minority shareholder in a company which owned or operated
wood treating facilities at sites in the United States, some of which are currently under
investigation, monitoring or remediation under various environmental laws. With respect to some of
these sites, the subsidiary has been named a potentially responsible party (UPRP”) under the
Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”) and similar state
laws. Without admitting any liability, the subsidiary has entered into a consent decree with the
federal government regarding one of these sites and has had an administrative order issued against
it with respect to another. Without admitting any liability, the subsidiary has reached settlements
at most sites, which require the other PRP’s to perform the environmental clean-up. In July, 1996,
a judgment in favor of the subsidiary was entered in the suit Aluminum Company of America v. Beazer
East, Inc. v. Chicago Bridge & Iron Company, instituted in January 1991, before the U.S. District
Court for the Western District of Pennsylvania. On September 2, 1997, the United States Court of
Appeals for the Third Circuit affirmed the judgment in favor of the Subsidiary. There were no
further appeals.

The Company has agreed to indemnify parties to whom it has sold facilities for certain
environmental liabilities arising from acts occurring before the dates those facilities were
transferred.

Other matters disclosed in the Company’s Annual Reports on Form 10-K for the years ended
December 31, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005 2006, 2007, 2008 & 2009.

 

 

 

Schedule 7.3 (N) — Existing Restrictions

As of March 31, 2010

	 	 	 	 	 
	1

	 	CBI Constructors Pty Limited
	 	(Borrower)
	 

	 	HSBC Bank
	 	(Bank)
	 
	 	 	 	 
	 

	 	Restriction/Condition
	 	Borrower undertakes to obtain
the consent of the Bank in
writing prior to the
remittance of monies by way
of a loan or dividend.

	 
	 	 	 	 
	2

	 	CBI Constructors S.A. (Pty) Limited
	 	(Borrower)
	 
	 	 	 	 
	 

	 	Restriction/Condition
	 	As a non-resident controlled
company, Borrower must be
capitalized in an amount not
less than one third of its
shareholders’ loan funds.
Dividend payment are subject
to 12.5% secondary tax.

 

 

 

Schedule 7.3 (S) — Permitted Restricted Payments

As of March 31, 2010

None

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