Document:

Exhibit

Exhibit 10.1

SEVERANCE AGREEMENT AND GENERAL RELEASE
Endologix, Inc. (“Company”) and John McDermott (“Employee”) hereby enter into the following Severance Agreement and General Release (this “Agreement”):
1.Employee shall retire as an employee of Company, and as a director and/or officer, as applicable, of each subsidiary of Company, and the employment relationship between Employee, Company and each subsidiary of Company will be separated effective on June 30, 2018 (the “Separation Date”).  In the event Company does not anticipate having a new Chief Executive Officer in place on or before the Separation Date and until a new Chief Executive Officer has been hired and is actively employed by the Company, upon thirty (30) days’ prior written notice, the Company may elect to extend the term of this Agreement, including the Separation Date and the duties to be performed by Employee hereunder, for a period designated by Company.  In the event the Company hires a new Chief Executive Officer before the Separation Date, Employee shall resign as Chief Executive Officer and as a director of the Company on such earlier date as notified in writing by the Company, and, subject to Section 2, shall remain employed in a non-executive capacity assisting in transitional matters through the Separation Date, during which time he shall continue receive base salary and all applicable employee benefits.  Employee represents and warrants to the best of his knowledge that in the course of his employment he has materially complied with applicable law and regulation.   In reliance on Employee’s representations and releases in this Agreement, and conditioned on Employee’s compliance with the terms of this Agreement, Company will provide Employee with the following, in each case less applicable withholdings as required by law:
(a)    an Agreement for Independent Contractor Services in the form of Exhibit A attached hereto (the “Independent Contractor Agreement”);
(b)    fully earned but unpaid base salary, unused and accrued vacation and unreimbursed business expenses through the date of termination, paid as soon as practicable following the Separation Date;
(c)    (i) a lump sum severance payment, equivalent to eighteen months base pay, in the gross amount of $858,000.00 (the “Severance Payment”) and (ii) payment of Employee’s target bonus for the 2018 calendar year based upon Company’s determination, in its discretion, of Company’s estimated, projected performance for calendar year 2018 using applicable information readily and reasonably available as of the Separation Date to extrapolate the extent to which Company’s estimated calendar year 2018 performance is or would be sufficient to result in the achievement of Employee’s target bonus for the 2018 calendar year, pro-rated for the number of days of calendar year 2018 preceding the Separation Date (the “Bonus Payment”);
(d)    accelerated vesting, as of the Separation Date of the unvested portion of the restricted stock awards set forth on Exhibit B (“Specified Restricted Stock Awards”);
(e)    subject to Employee’s continued service under the Independent Contractor Agreement and continued compliance with the covenants set forth in Section 7 of the Independent Contractor Agreement and the PIIA (as defined in the Independent Contractor Agreement), continued vesting of the unvested portion of the stock options set forth on Exhibit C (the “Specified Stock Options”) until the first to occur of (i) the second anniversary of the Separation Date or (ii) the date of expiration of the Term (as defined in the Independent Contractor Agreement), subject to the provisions Section 3 of 

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Exhibit 10.1

the Independent Contractor Agreement regarding termination by the Company other than for cause or due to Employee’s breach of this Agreement or the Independent Contractor Agreement including, without limitation, breach of any covenant set forth in Section 7 thereof, or the PIIA (i.e., treating the Term as remaining in effect until the third anniversary of the Separation Date for purposes of this Section 1(e));
(f)    subject to Employee’s continued service under the Independent Contractor Agreement and continued compliance with the covenants set forth in Section 7 of the Independent Contractor Agreement and the PIIA, continued exercisability of the vested portion of the Specified Stock Options until the first to occur of (i) the last day on which such options are or would be exercisable in accordance with the terms thereof determined as if Employee continued to provide continuous services through such date, (ii) the third anniversary of the Separation Date, or (iii) the date of expiration of the Term (as defined in the Independent Contractor Agreement), subject to the provisions Section 3 of the Independent Contractor Agreement regarding termination by the Company other than for cause or due to Employee’s breach of this Agreement or the Independent Contractor Agreement including, without limitation, breach of any covenant set forth in Section 7 thereof, or the PIIA (i.e., treating the Term as remaining in effect until the third anniversary of the Separation Date for purposes of this Section 1(f));
(g)    payment to Employee of an amount, as computed by the Company, representing the cost of COBRA coverage for Employee and his eligible dependents who were enrolled in the applicable health insurance plans as of the Separation Date under Company’s health insurance plans (i.e., medical, dental, prescription drug and group life) for eighteen months following the Separation Date, if needed.  Notwithstanding the foregoing, Employee shall cease to receive payment of the cost of COBRA coverage on the date Employee accepts employment with a subsequent employer, and Employee shall be responsible for paying the COBRA premiums and timely electing to continue coverage under COBRA of the medical benefits provided to Employee in effect as of the Separation Date; and
(h)    reasonable outplacement services, on an in-kind basis, from a firm selected by Company, suitable to Employee’s position and directly related to Employee’s retirement, for a period of twelve (12) months following the Separation Date, in an aggregate amount of cost to the Company not to exceed $10,000.  Notwithstanding the foregoing, Employee shall cease to receive outplacement services on the date Employee accepts employment with a subsequent employer.
The Severance Payment shall be made on or before the first business day of the calendar month occurring after the sixtieth (60th) day following the Separation Date, and the Bonus Payment shall be paid on or about the same time that other Company executives are paid (or would be paid) their respective bonus for the 2018 calendar year, as determined by the Company, which payment shall occur no later than March 15, 2019, provided that, in each case, Employee executes, and does not revoke, this Agreement.  The consideration described in this Section 1 exceeds the amounts Employee would otherwise be eligible to receive under law, agreement and/or Company policies.
2.    During the period through and including the Separation Date, and unless otherwise directed by the Company as provided in Section 1 above, Employee shall continue to perform his duties and responsibilities as Chief Executive Officer of Company and will assist in the recruitment and transition to a new Chief Executive Officer for the Company.  In the event that during such period, Employee resigns, dies, is disabled, breaches any representation, warranty or covenant set forth in this Agreement, or is terminated for Cause (as defined in Employee’s Employment Agreement dated February 1, 2014), then this Agreement and the Independent Contractor Agreement shall terminate and have no force or effect.

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Exhibit 10.1

3.    Subject to Employee’s continued compliance with the covenants set forth in Section 7 of the Independent Contractor Agreement and the PIIA, if a Change in Control (as defined in Employee’s Employment Agreement dated February 1, 2014) occurs during the Term of the attached Independent Contractor Agreement (or through the third anniversary of the Separation Date if the Independent Contractor Agreement is terminated by the Company other than for cause or due to Employee’s breach of this Agreement or the Independent Contractor Agreement including, without limitation, breach of any covenant set forth in Section 7 thereof, or the PIIA), solely as a result of the Change in Control, then (a) such portion of the Specified Stock Options (other than the stock options granted to Employee on May 31, 2017) held by Employee that would have become vested and exercisable had Employee provided services under the Independent Contractor Agreement through the second anniversary of the Separation Date shall become fully vested and exercisable as of the date of and immediately prior to the Change in Control and (b) the unvested portion of the stock options granted to Employee on May 31, 2017 shall become fully vested and exercisable as of the date of and immediately prior to the Change in Control.
Employee and Company agree that:
(a)     other than the Specified Restricted Stock Awards, the vesting of which shall be governed by the terms of this Agreement, the unvested portion of all other restricted stock awards, restricted stock unit awards and other performance awards granted to Employee shall expire and be forfeited as of the Separation Date, 
(b)    other than the Specified Stock Options, the vesting and exercisability of which shall be governed by the terms of this Agreement (including Exhibit C), the vesting and exercisability of all other stock options granted to Employee shall be determined without regard to Employee’s continued service under the Independent Contractor Agreement and as if Employee’s continuous service terminated on the Separation Date, 
(c)     all of Employee’s other rights and obligations with regard to any equity in the Company shall be governed by the terms of any applicable stock option, restricted stock, and restricted stock unit agreement(s) between Employee and Company, except as provided by this Agreement, and 
(d)     in the event of any conflict between this Agreement, Section 5 of Employee’s Employment Agreement, and the terms of any applicable stock option, restricted stock, and restricted stock unit agreement(s) between Employee and Company, the terms of this Agreement shall control.  
Employee acknowledges and agrees that any incentive stock options held by Employee will cease to be so characterized if exercised by Employee more than three (3) months following the Separation Date.
4.    As consideration for Company to enter into this Agreement, Employee agrees that he will continue to provide consulting support to Company pursuant to the Independent Contractor Agreement and will not file any complaints or other proceedings against Company or any Released Party (as defined below) with any court or arbitrator based on any claim released by this Agreement, and that if any court or arbitrator assumes jurisdiction of any proceeding against Company or any Released Party on his behalf, Employee will immediately take all actions necessary to assure the matter is dismissed or closed.  The provisions of this Agreement do not prohibit or prevent Employee from filing suit to challenge the Company’s compliance with the waiver requirements of the Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act.  Employee further acknowledges that nothing in the Agreement prohibits or prevents Employee from filing a charge with the Equal Employment 

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Exhibit 10.1

Opportunity Commission, California Department of Fair Employment and Housing, the National Labor Relations Board, the Occupational Safety and Health Administration, the Securities and Exchange Commission or any other federal, state or local governmental agency or commission (each a “Government Agency"), or participating, testifying or assisting in any investigation, hearing or other proceeding before any Government Agency.  However, Employee acknowledges that to the maximum extent permitted by law, Employee is not entitled to any monetary damages or other individual relief resulting from any charge, claim or complaint pertaining or otherwise relating to any or all of the claims that are waived or released under this Agreement, including, without limitation, pursuant to Section 5 or Section 6 below, that is filed with any Government Agency, except nothing in this Agreement prohibits or prevents Employee from receiving individual monetary awards or other individual relief by virtue of providing information to the U.S. Securities and Exchange Commission or filing a charge, claim or complaint protected under the whistleblower provisions of federal law or regulations or participating in a federal whistleblower programs including but not limited to any such programs managed by the U.S. Securities and Exchange Commission and/or the Occupational Safety and Health Administration.
5.    In exchange for the consideration referred to in Section 1 above, Employee waives and releases all claims, known and unknown, which he might otherwise have had, as of the date of execution of this Agreement, against Company or any of its parent or affiliated companies, or any of its or their respective officers, directors, stockholders, employees, attorneys, insurers, agents, successors or assigns (collectively, the “Released Parties”), including but not limited to claims regarding any aspect of Employee’s employment or compensation, the cessation of Employee’s employment, the Age Discrimination in Employment Act of 1967, the Americans with Disabilities Act of 1990, Title VII of the Civil Rights Act of 1964, 42 U.S.C. section 1981, the Fair Labor Standards Acts, the California Fair Employment and Housing Act, California Government Code section 12900, et seq., the Unruh Civil Rights Act, California Civil Code section 51, all provisions of the California Labor Code and the Employee Retirement Income Security Act, 29 U.S.C. section 1001, et seq., all as amended, any other federal, state or local law, regulation or ordinance or public policy, contract, tort or property law theory, or any other cause of action whatsoever that arose on or before the date Employee executes this Agreement.
6.    It is further understood and agreed that as a condition of this Agreement, all rights under Section 1542 of the Civil Code of the State of California are expressly waived by Employee.  Such Section reads as follows:
“A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.”
Notwithstanding Section 1542, and for the purpose of implementing a full and complete release and discharge of the Released Parties, Employee expressly acknowledges that this Agreement is intended to include and does include in its effect, without limitation, all claims which Employee does not know or suspect to exist in Employee’s favor against the Released Parties at the time of execution hereof, and that this Agreement expressly contemplates the extinguishment of all such claims.  
7.    Company and Employee agree that they will execute the General Release attached to this Agreement as Exhibit D on the Separation Date.  Company’s obligation to provide Employee the compensation and benefits set forth in Section 1 above and engage Employee as an independent contractor pursuant to this Agreement and the Independent Contractor Agreement is expressly conditioned upon the Company’s timely receipt of a valid and properly executed General Release from Employee as described 

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Exhibit 10.1

herein, and Employee not revoking that General Release as provided in the General Release.  The terms of the release provided in Sections 5 and 6 above shall remain in full force and effect, and shall remain binding even if Employee fails to execute the General Release attached to this Agreement as Exhibit D.
8.    Employee acknowledges that he is entering into this Agreement in return for such portion of the consideration described in Section 1 above that Employee would not otherwise have been entitled to receive under his Employment Agreement dated February 1, 2014.  Employee further agrees that no promises, representations, or inducements have been made to him which caused him to sign this Agreement other than those which are expressly set forth above in Section 1.  This Agreement contains all of the terms, promises, representations, and understandings made between the parties regarding the subject matter of this Agreement; provided, however, that notwithstanding any provision of this Agreement to the contrary, Employee’s Proprietary Information and Inventions Agreement and Indemnification Agreement shall remain in full force and effect in accordance with their terms.  
9.    The parties agree to act in good faith so as not to harm the business reputation and/or reputation of the other party in any way and not to make any written or oral statements about one another, including any of the Company’s directors, management, personnel, business, products or prospects, or any of the Released Parties that are false, critical, negative, defamatory or disparaging, including via internet and media.  Nothing in this Agreement shall preclude either party from communicating or testifying truthfully (a) to the extent expressly required by law, (b) to any state or federal government agency, (c) in response to subpoena to testify issues by a court of competent jurisdiction, or (d) in any action to challenge or enforce the terms of this Agreement.  Without limiting the remedies available to Company, the parties agree that any breach of this Section 9 of this Agreement shall be considered a material breach for which the non-breaching party may seek injunctive relief, and Employee agrees that any such breach will result in immediate forfeiture of any future payments and benefits to be provided to Employee under this Agreement.  In addition, the parties agree that the non-breaching party reserves any and all other legal or equitable rights it may have against the other party for breach of this Agreement, and that the non-breaching party shall be entitled to recover from the other party any and all contractual and extra-contractual consequential damages occasioned by any such material breach.
10.    Employee acknowledges that as of the date Employee signs this Agreement, Employee has been paid or received all wages and other compensation owing and payable as of that date, less appropriate withholdings.
11.    Employee will return all Company property in Employee’s possession, whether in tangible or electronic form, including, without limitation, computers, phones, printers, furniture and all data, analysis and reports regarding Company and its business, operations, intellectual property, other assets and products or potential products, on the Separation Date or on such earlier date as the Company may request, provided however, that (i) Company shall provide Employee with a replacement laptop and cell phone of reasonably similar cost, quality and specifications (the cost of which shall be subject to applicable withholdings as required by law) and (ii) Company’s information technology group shall assist Employee in securely transferring all personal information on any Company computer to a personal computer or other storage location.
12.    This Agreement will be interpreted in accordance with the laws of the State of California.  All provisions of this Agreement are severable.  Accordingly, if any provision of this Agreement is found to be unenforceable, the other provisions shall remain fully valid and enforceable.  

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Exhibit 10.1

13.    In the event of any controversy, claim or dispute between the parties hereto arising out of or relating to this Agreement, the matter shall be determined by arbitration, which shall take place in Orange County, California, under the Employment Arbitration Rules and Mediation Procedures of the American Arbitration Association as then in effect.  A copy of those Arbitration Rules and Mediations Procedures can be found at https://www.adr.org/sites/default/files/employment_arbitration_rules_and_mediation_procedures_0.pdf. The arbitrator shall be a retired Superior Court judge mutually agreeable to the parties and if the parties cannot agree such person shall be chosen in accordance with the rules of the American Arbitration Association. The arbitrator shall be bound by applicable legal precedent in reaching his or her decision. Any judgment upon such award may be entered in any court having jurisdiction thereof. Any decision or award of such arbitrator shall be final and binding upon the parties and shall not be appealable. The parties hereby consent to the jurisdiction of such arbitrator and of any court having jurisdiction to enter judgment upon and enforce any action taken by such arbitrator. The fees payable to the American Arbitration Association and the arbitrator shall be paid by the Company. All proceedings under this Section 9, and all evidence given or discovered pursuant hereto, shall be maintained in confidence by the parties and by the arbitrator. 
14.    Employee acknowledges that:  (a) Company has advised Employee to consult with an attorney and tax advisor prior to the execution of this Agreement; (b) Employee has had the opportunity to discuss this Agreement with his attorneys and tax advisors, to the full extent he so desires; (c) Employee has carefully read and fully understands all of the provisions of this Agreement; (d) Employee fully understands that this Agreement releases all of his claims, both known and unknown, against Company and the Released Parties; (e) Employee signs this Agreement voluntarily; and (f) Employee has the capacity to enter into this Agreement.
15.    To the maximum extent permissible by applicable law, the payments and benefits payable under this Agreement shall be interpreted to be exempt from Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), including, without limitation, the exemptions pursuant to Treasury Regulation Sections 1.409A-1(b)(4) and 1.409A-1(b)(9).  To the extent the payments and benefits under this Agreement are subject to Section 409A of the Code, this Agreement shall be interpreted, construed and administered in a manner that satisfies the requirements of Sections 409A(a)(2), (3) and (4) of the Code and the Treasury Regulations thereunder.  If the Company and Employee determine that any compensation, benefits or other payments that are payable under this Agreement and intended to comply with Sections 409A(a)(2), (3) and (4) of the Code do not comply with Section 409A of the Code, the Company and Employee agree to amend this Agreement, or take such other actions as the Company and Employee deem reasonably necessary or appropriate, to comply with the requirements of Section 409A of the Code, while preserving the economic agreement of the parties.  In the case of any compensation, benefits or other payments that are payable under this Agreement and intended to comply with Sections 409A(a)(2), (3) and (4) of the Code, if any provision of the Agreement would cause such compensation, benefits or other payments to fail to so comply, such provision shall not be effective and shall be null and void with respect to such compensation, benefits or other payments, and such provision shall otherwise remain in full force and effect.  The Employee’s right to receive installment payments of any severance payments or benefits under this Agreement shall be treated as a right to receive a series of separate payments, and accordingly, each installment payment shall at all times be considered a separate and distinct payment.  To the extent any reimbursement of expenses under this Agreement is subject to Section 409A of the Code, the reimbursements shall be paid in accordance with Treasury Regulation Section 1.409A-3(i)(1)(iv) and be paid on or before the last day of Employee’s taxable year following the taxable year in which Employee incurred the expenses.  If Employee is a specified employee on the Separation 

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Exhibit 10.1

Date, any payments or benefits (or portion thereof) under this Agreement that are subject to Section 409A of the Code and payable upon Employee’s separation from service shall be delayed in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, and such payments or benefits shall be paid or distributed to Employee during the thirty (30) day period commencing on the earlier of (a) the expiration of the six-month period measured from the date of Employee’s separation from service or (b) the date of Employee’s death.  Upon the expiration of the applicable six-month period under Section 409A(a)(2)(B)(i) of the Code, all payments deferred pursuant hereto shall be paid in a lump sum payment to Employee (or Employee’s estate, in the event of Employee’s death).  Any remaining payments due under the Agreement shall be paid as otherwise provided herein.
16.    Employee understands that he has twenty-one (21) days to review and fully consider this Agreement before signing it, and that he may take as much of that period as he wishes prior to signing it.  Employee also understands that within seven (7) days of the date of signing this Agreement, he has the right to revoke this Agreement.  Any such revocation must be made in a signed writing delivered to Company, c/o Jeremy Hayden, General Counsel, within the seven (7) day revocation period.  If Employee timely revokes this Agreement, it shall not be effective or enforceable, Employee must immediately return any compensation and benefits provided by this Agreement and not otherwise required by law received by Employee prior to the expiration of such revocation period and Employee will not thereafter receive any other compensation and benefits provided by this Agreement and not otherwise required by law.
17.    Company and Employee acknowledge that Employee may be entitled to advancement or indemnification to the extent provided in (and subject to the terms of) Company’s certificate of incorporation, Company’s bylaws, and that certain Indemnification Agreement between Company and Employee dated February 1, 2014, to the extent not prohibited by applicable law.
[Remainder of Page Intentionally Left Blank; Signature Page Follows]

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Exhibit 10.1

THE SIGNATURES BELOW MEAN THAT THE UNDERSIGNED HAVE READ THIS SEVERANCE AGREEMENT AND GENERAL RELEASE, FULLY UNDERSTAND SAME, AND AGREE AND VOLUNTARILY CONSENT TO ALL THE TERMS AND CONDITIONS CONTAINED IN THIS AGREEMENT.

	
		
	DATED: February 21, 2018
	JOHN McDERMOTT

/s/ John McDermott

 

	

DATED: February 21, 2018
	

ENDOLOGIX, INC.

By:  /s/ Dan Lemaitre
   
         Name: Dan Lemaitre

         Title:   Chairman of the Board

                        
 

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Exhibit 10.1

EXHIBIT A
AGREEMENT FOR INDEPENDENT CONTRACTOR SERVICES
This Agreement for Independent Contractor Services (the “Agreement”) is entered into by and between Endologix, Inc. (the “Company”) and John McDermott (“Independent Contractor”).  
WHEREAS, the Company desires to retain Independent Contractor to perform services for the Company, as more particularly described herein; and
WHEREAS, Independent Contractor is in the business of providing such services and has agreed to provide such services pursuant to the terms and conditions set forth in this Agreement.
NOW, THEREFORE, the parties agree as follows:  
1.Services to Be Performed.  Independent Contractor will consult for, advise the Company on, and/or perform services relating to the Company’s business and activities as directed by the Chairman of the Company’s Board of Directors (the “Chairman”), the Chief Executive Officer of the Company (the “CEO”), or their respective designees, which services may include without limitation, marketing and promotional activities, customer and vendor engagement and outreach, and similar services.  Independent Contractor also agrees to provide the Company with such other services that may be reasonably requested from time to time by the Chairman or CEO.  Independent Contractor agrees to use his best efforts in the performance of his obligations under this Agreement.  Independent Contractor shall cooperate with the Company’s personnel and shall observe all Company rules, including specifically those relating to discrimination and harassment, security and confidentiality.  This consulting work shall be limited to ten hours per month or less.
2.Proprietary Information and Inventions Agreement.  Independent Contractor agrees to sign and abide by the Company’s Proprietary Information and Inventions Agreement (“PIIA”).
3.Termination.  The term of this Agreement shall begin on the Separation Date and expire on the first to occur of (a) the third anniversary of the Separation Date or (b) the earlier termination of this Agreement by either party in accordance with this Section 3 (the “Term”).  At any time on or before the third anniversary of the Separation Date, this Agreement may be terminated by either party, with or without cause (which may relate to Independent Contractor’s actions under this Agreement or during his previous employment with the Company), and with or without prior notice.
In the event that this Agreement is terminated by the Company, other than for cause or due to Independent Contractor’s breach of a term or provision of this Agreement, including, without limitation, breach of any covenant set forth in Section 7 herein, the Severance Agreement and General Release signed by the parties, or the PIIA, then Independent Contractor’s Specified Stock Options (as defined in the Severance Agreement and General Release signed by the parties) shall:
(a) continue to vest in accordance with Section 1(e) of the Severance Agreement and General Release signed by the parties;

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Exhibit 10.1

(b) be exercisable in accordance with Section 1(f) of the Severance Agreement and General Release signed by the parties; and
(c) remain subject to acceleration upon a Change in Control (as defined in Independent Contractor’s Employment Agreement dated February 1, 2014) pursuant to the first sentence of Section 3 of the Severance Agreement and General Release signed by the parties, in each case determined as if the Term did not expire until the third anniversary of the Separation Date and Independent Contractor continued to provide services through such date and subject to Independent Contractor’s continued compliance with the covenants set forth in Section 7 herein and the PIIA.
Further, if the Company terminates this Agreement prior to the third anniversary of the Separation Date, other than for cause or due to Independent Contractor’s breach of a term or provision of this Agreement, including, without limitation, breach of any covenant set forth in Section 7 herein, the Severance Agreement and General Release signed by the parties, or the PIIA, then the Company shall continue to pay the monthly consulting fee set forth in Section 9 of this Agreement as if the Term did not expire until the third anniversary of the Separation Date and Independent Contractor continued to provide services through such date and subject to Independent Contractor’s continued compliance with the covenants set forth in Section 7 herein and the PIIA.
4.Independent Contractor Status.  It is the express intention of the parties hereto that Independent Contractor is and at all times during the Term of this Agreement shall remain an independent contractor and not an employee, agent, joint venturer or partner of the Company for any purposes whatsoever.  
5.Performance of Services.  The Company and Independent Contractor shall mutually agree upon the time, place, methods, manner and means of performing the Services.  In performing the Services, the amount of time devoted by Independent Contractor on any given day will be mutually agreed upon by the Company and Independent Contractor.  
6.Final Results.  In the performance of the Services, Independent Contractor has the authority to control and direct the performance of the details of the Services, the Company being interested only in the results obtained.  However, the Services contemplated herein must meet the Company’s standards and approval.  
		
	7.
	Covenants.

(a)    Non-Solicitation. Independent Contractor acknowledges that in the course of Independent Contractor’s employment with the Company and during the Term of this Agreement Independent Contractor gained and will gain knowledge of certain proprietary and confidential trade secret information of the Company, including but not limited to the Company’s product pipeline and related research and development strategy, regulatory approvals and related information and strategy, the business strategy of the Company and the business and clinical needs and activity of any and all customers of the Company (“Confidential Information”). Independent Contractor further acknowledges that Confidential Information is material and important and gravely affects the successful conduct of the Company’s business.  Accordingly, as an additional inducement for the Company to enter into this Agreement Independent Contractor agrees that during the Term and for a period of one year following the third anniversary of the Separation Date, Independent Contractor shall not directly or indirectly (a) solicit or attempt to solicit any employee of the Company as of the date of this Agreement who is then still employed 

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Exhibit 10.1

by the Company (each, a “Covered Employee”) to leave his or her employment with the Company, or induce or attempt to induce any such Covered Employee to terminate or breach his or her employment or similar agreement with the Company, or (b) use any Confidential Information to solicit, contact, or attempt to solicit or contact, or meet with the Company’s current customers for purposes of offering or accepting goods or services similar to or competitive with those offered by the Company.
(b)    Non-Competition.  As an additional inducement for the Company to enter into this Agreement, Independent Contractor agrees that during the Term, Independent Contractor shall not, directly or indirectly, own, manage, engage in, operate, control, work for, consult with, render services for, do business with, maintain any material interest in (proprietary, financial or otherwise) or participate in the ownership, management, operation or control of, any business activity anywhere in the world that engages in the research, development, manufacturing, marketing, distribution, commercialization, sale, import or export of any products for the endovascular treatment of aortic aneurysms, dissections or occlusions (such business, a “Competing Business”).  Nothing herein shall prohibit Independent Contractor from purchasing or owning less than five percent (5%) of the publicly traded securities of any corporation engaged in a Competing Business, provided that such ownership represents a passive investment and that Employee is not a controlling person of, or a member of a group that controls, such corporation.  
(c)    Non-Disparagement.  As an additional inducement for the parties to enter into this Agreement, each party agrees to act in good faith so as not to harm the business reputation of the other party in any way and agrees that he/it will not at any time make, publish, or communicate to any person or entity or in any public forum any false, negative, critical, defamatory or disparaging remarks, comments, or statements concerning the other party or, in case of the Company, its business, prospects or products, or any of its directors, officers or employees.  The Company shall make reasonable efforts to cause its current senior executive officers or any current member of the Board of Directors to comply with this requirement.
(d)    Scope.  It is the desire and intent of the Company and Independent Contractor that the provisions of this Section 7 and the PIIA shall be enforced to the fullest extent permissible under applicable laws and regulations applied in each jurisdiction in which enforcement is sought.  If any of the covenants set forth herein are held to be unreasonable, arbitrary, or against public policy, such covenants will be considered divisible with respect to scope, time, and geographic area, and in such lesser scope, time and geographic area, will be effective, binding and enforceable against Independent Contractor. 
(e)    Breach.  In the event of a breach by Independent Contractor of any of the covenants set forth in this Section 7 and the PIIA after the expiration of the Term, any and all of Independent Contractor’s rights to additional vesting, exercisability or other remuneration or compensation under Section 3 hereof or the Severance Agreement and General Release signed by the parties (if any) shall, effective as of the date of such breach, cease, terminate and be of no further force and effect.  In addition, Independent Contractor hereby consents and agrees that the Company shall be entitled to, in addition to other available remedies, a temporary or permanent injunction or other equitable relief from any court of competent jurisdiction against or in respect of any breach at any time by Independent Contractor of any of the covenants set forth in this Section 7 and the PIIA.
(f)    No Liability.  Independent Contractor acknowledges that Independent Contractor was informed that Independent Contractor has right under 18 U.S.C. Section 1833(b) which states in part: “An individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that - (A) is made (i) in confidence to a Federal, State, or local government 

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Exhibit 10.1

official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.” Nothing in this Agreement creates liability for actions taken by Independent Contractor permitted under 18 U.S.C. Section 1833(b).

8.No Employment Benefits.  Independent Contractor shall not be entitled to any employment benefits made available to employees from time to time, other than those to which he may be entitled under the Severance Agreement and General Release signed by the parties.  Independent Contractor shall be solely responsible for all state and federal income taxes, unemployment insurance, social security taxes and state disability insurance and for maintaining adequate workers’ compensation insurance coverage to the extent legally required.
9.Compensation.  For the full and proper performance of this Agreement, and subject to Sections 3 and 7(e) and above, the Company has agreed to compensate Independent Contractor by providing additional vesting and exercisability of certain equity awards as set forth in the Severance Agreement and General Release.  During the Term of this Agreement (and subject to Section 3 above), the Company shall pay Independent Contractor a monthly consulting fee, in arrears, for each completed month of service in the amount of $2,000 as consideration for Independent Contractor’s consulting services, to be directed by the Chairman, CEO or their respective designees.
10.Expenses.  The Company shall reimburse Independent Contractor for all pre-approved out-of-pocket travel and related expenses incurred by Independent Contractor in connection with the performance of services under this Agreement, provided that Independent Contractor provides accounts or invoices therefor evidencing such expenses.  Except as otherwise set forth herein, Independent Contractor shall be responsible for all business expenses incurred by Independent Contractor in connection with, or related to, the performance of services under this Agreement..
11.No Authority to Bind.  Independent Contractor shall have no power to obligate, commit or legally bind the Company in any manner whatsoever, and the Company shall have no liability to Independent Contractor or to others for any acts or omissions of Independent Contractor. 
12.Warranties.  Independent Contractor will assume sole responsibility for his compliance with applicable federal and state laws and regulations, and shall rely exclusively upon his own determination, or that of its legal advisers, that the performance of services and the receipt of fees hereunder comply with such laws and regulations.
13.Non-Assignability of Contract.  This Agreement is personal to Independent Contractor and he shall not have the right to assign any of his rights or delegate any of his duties without the express written consent of the Company.  
14.Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of California. In the event of any controversy, claim or dispute between the parties hereto arising out of or relating to this Agreement, the matter shall be determined by arbitration, which shall take place in Orange County, California, under the Employment Arbitration Rules and Mediation Procedures of the American Arbitration Association as then in effect.  A copy of those Arbitration Rules and Mediations Procedures can be found at https://www.adr.org/sites/default/files/employment_arbitration_rules_and_mediation_procedures_0.pdf. The arbitrator shall be a retired Superior Court judge mutually agreeable to the parties and if the parties cannot agree such person shall be chosen 

12

Exhibit 10.1

in accordance with the rules of the American Arbitration Association. The arbitrator shall be bound by applicable legal precedent in reaching his or her decision. Any judgment upon such award may be entered in any court having jurisdiction thereof. Any decision or award of such arbitrator shall be final and binding upon the parties and shall not be appealable. The parties hereby consent to the jurisdiction of such arbitrator and of any court having jurisdiction to enter judgment upon and enforce any action taken by such arbitrator. The fees payable to the American Arbitration Association and the arbitrator shall be paid by the Company.  All proceedings under this Section 14, and all evidence given or discovered pursuant hereto, shall be maintained in confidence by the parties and by the arbitrator.
15.Severability.  Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable laws and regulations, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or regulation in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision, but this Agreement shall, subject to Section 7(d) hereof, be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had been replaced by a valid, legal and enforceable provision that comes closest to expressing the intention of the parties hereto..
16.Amendment.  This Agreement may be amended or modified only by a written instrument executed by both the Company and Independent Contractor.
17.Counterparts.  This Agreement may be executed in counterparts, each of which shall constitute an original, but all of which taken together shall constitute one and the same instrument.
18.Complete Agreement.  This Agreement, along with the PIIA and the Severance Agreement and General Release, contains the entire understanding between the parties and supersedes, replaces and takes precedence over any prior or contemporaneous understanding or oral or written agreement between the parties respecting the subject matter of this Agreement, including, without limitation, Independent Contractor’s Employment Agreement with the Company dated February 1, 2014; provided, that nothing in this Agreement is intended to alter the Severance Agreement and General Release signed by the parties.  There are no other representations, agreements, arrangements, nor understandings, oral or written, between the parties hereto relating to the subject matter of this Agreement which are not fully expressed herein.
[Remainder of Page Intentionally Left Blank; Signature Page Follows]

13

Exhibit 10.1

This Agreement is executed and entered into on the date(s) set forth below.

JOHN McDERMOTT                    ENDOLOGIX, INC. 

/s/ John McDermott                    By:    /s/ Dan Lemaitre            

Date:    February 21, 2018                Name:    Dan Lemaitre                

Title:    Chairman of the Board        

Date:    February 21, 2018            

14

Exhibit 10.1

EXHIBIT B
ACCELERATED EQUITY AWARDS

The restricted stock award granted to Employee on May 28, 2015.
The restricted stock award granted to Employee on February 4, 2016.

For the avoidance of doubt, “Accelerated Equity Awards” shall not include the restricted stock award granted to Employee on May 22, 2014 or the performance stock awards granted to Employee on May 22, 2014, May 28, 2015 or May 31, 2017 (which performance stock awards have been cancelled because the performance criteria were not met).

15

Exhibit 10.1

EXHIBIT C
SPECIFIED STOCK OPTIONS

The stock options granted to Employee on July 6, 2009.
The stock options granted to Employee on May 20, 2010.
The stock options granted to Employee on May 25, 2011.
The stock options granted to Employee on February 4, 2016.
The stock options granted to Employee on May 31, 2017.

For the avoidance of doubt, “Specified Stock Options” shall not include the stock options granted to Employee on May 12, 2008 (which shall continue until their expiration on May 12, 2018) , or May 22, 2014 or May 28, 2015 (both of which shall terminate on the Separation Date).

16

Exhibit 10.1

EXHIBIT D
GENERAL RELEASE
This General Release (the “General Release” or the  “Agreement”) is entered into by and between Endologix, Inc. (the “Company”) and John McDermott (“Independent Contractor”).  
1.    In exchange for the consideration referred to in paragraph 1 above, Employee waives and releases all claims, known and unknown, which he might otherwise have had, as of the date of execution of this General Release, against Company or any of its parent or affiliated companies, or any of its or their respective officers, directors, stockholders, employees, attorneys, insurers, agents, successors or assigns (collectively, the “Released Parties”), including but not limited to claims regarding any aspect of Employee’s employment or compensation, the cessation of Employee’s employment, the Age Discrimination in Employment Act of 1967, the Americans with Disabilities Act of 1990, Title VII of the Civil Rights Act of 1964, 42 U.S.C. section 1981, the Fair Labor Standards Acts, the California Fair Employment and Housing Act, California Government Code section 12900, et seq., the Unruh Civil Rights Act, California Civil Code section 51, all provisions of the California Labor Code and the Employee Retirement Income Security Act, 29 U.S.C. section 1001, et seq., all as amended, any other federal, state or local law, regulation or ordinance or public policy, contract, tort or property law theory, or any other cause of action whatsoever that arose on or before the date Employee executes this Agreement.
2.    It is further understood and agreed that as a condition of this General Release, all rights under Section 1542 of the Civil Code of the State of California are expressly waived by Employee.  Such Section reads as follows:
“A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.”
Notwithstanding Section 1542, and for the purpose of implementing a full and complete release and discharge of the Released Parties, Employee expressly acknowledges that this Agreement is intended to include and does include in its effect, without limitation, all claims which Employee does not know or suspect to exist in Employee’s favor against the Released Parties at the time of execution hereof, and that this Agreement expressly contemplates the extinguishment of all such claims.
3.    This General Release does not limit Employee’s right to file a charge or complaint with any state or federal agency, or to cooperate in such a matter, although Employee expressly waives and relinquishes all right to any relief that any governmental agency may obtain on his behalf.  This General further does not preclude Employee from filing suit to challenge the Foundation’s compliance with the waiver requirements of the Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act.   
4.    Employee represents and acknowledges that Employee has returned to the Company all Company property in Employee’s possession, whether in tangible or electronic form, including, without limitation, computers, phones, printers, furniture and all data, analysis and reports regarding Company and its business, operations, intellectual property, other assets and products or potential products.  Employee further represents and warrants that Employee has no other Company property in Employee’s possession or under Employee’s control, including hard copy or electronically stored documents, computer disks, written policies or procedures or other documents pertaining to any past, present or known 

17

Exhibit 10.1

prospective clients of the Company, and that Employee has not given these or similar items to any third party, except in the course and scope of Employee’ employment with the Company.
5.    Employee understands that he had twenty-one (21) days to review and fully consider this General Release before signing it.  Employee also understands that within seven (7) days of the date of signing this General Release, he has the right to revoke this General Release.  Any such revocation must be made in a signed writing delivered to Company, c/o Jeremy Hayden, General Counsel, within the seven (7) day revocation period.  If Employee timely revokes this General Release, it shall not be effective or enforceable, Employee must immediately return any compensation and benefits provided by the Agreement and not otherwise required by law received by Employee prior to the expiration of such revocation period and Employee will not thereafter receive any other compensation and benefits provided by the Agreement and not otherwise required by law.    
6.    Employee acknowledges and agrees that upon being paid the final payment of his salary and accrued vacation on the Separation Date and any bonus payment payable on or before the Separation Date, Employee has been paid all compensation to which he is entitled in connection with his employment with the Company, including wages, bonuses and accrued vacation up to and including the Separation Date.  All such payments will be less appropriate withholdings. 

This General Release is executed and entered into on the date(s) set forth below.

JOHN McDERMOTT                    ENDOLOGIX, INC. 

By:                        

Date:                            Name:                        

Title:                        

Date:                        

18Exhibit

Exhibit 10.30(j)

AMENDMENT NO. 10 TO CREDIT AGREEMENT
This Amendment No. 10 to Credit Agreement (this “Amendment”), dated as of February 9, 2018, is made by and among CHICAGO BRIDGE & IRON COMPANY N.V., a corporation organized under the laws of the Kingdom of the Netherlands (the “Company”), CHICAGO BRIDGE & IRON COMPANY (DELAWARE), a Delaware corporation (the “Initial Borrower”), CERTAIN SUBSIDIARIES OF THE COMPANY SIGNATORY HERETO (each a “Designated Borrower” and, together with the Initial Borrower, collectively the “Borrowers” and each a “Borrower”), BANK OF AMERICA, N.A., a national banking association organized and existing under the laws of the United States (“Bank of America”), in its capacity as administrative agent for the Lenders and collateral agent for the Secured Bank Creditors (in such capacities, the “Administrative Agent” and the “Collateral Agent”, respectively), and each of the Lenders signatory hereto. 
W I T N E S S E T H:
WHEREAS, each of the Company, the Borrowers, the Administrative Agent, the Collateral Agent and the Lenders have entered into that certain Credit Agreement, dated as of October 28, 2013 (as amended by that certain Amendment to Credit Agreement, dated as of June 11, 2014, Amendment No. 2 to Credit Agreement, dated as of December 31, 2014, Amendment No. 3 to Credit Agreement, dated as of July 8, 2015, Amendment No. 4 to Credit Agreement, dated as of October 27, 2015, Amendment No. 5 to Credit Agreement, dated as of February 24, 2017, Amendment No. 6 and Waiver to Credit Agreement, dated as of May 8, 2017, Amendment No. 7 to Credit Agreement, dated as of May 29, 2017, Amendment No. 8 and Waiver to Credit Agreement, dated as of August 9, 2017, Amendment No. 9 to Credit Agreement, dated as of December 18, 2017 and as hereby amended and as from time to time further amended, modified, supplemented, restated, or amended and restated, the “Credit Agreement”; capitalized terms used in this Amendment not otherwise defined herein shall have the respective meanings given thereto in the Credit Agreement, as amended hereby), pursuant to which the Lenders have made available to the Borrowers a senior revolving credit facility in an original aggregate principal amount of $1,350,000,000; and
WHEREAS, the Company has entered into the Guaranty pursuant to which it has guaranteed certain or all of the obligations of the Borrowers under the Credit Agreement and the other Loan Documents; 
WHEREAS, the Company, the Borrowers and certain Subsidiaries have entered into certain of the Security Instruments to provide collateral as security for the obligations of the Borrowers under the Credit Agreement and the other Loan Documents; and
WHEREAS, the Borrowers have requested that the Administrative Agent, the Collateral Agent and the Lenders agree to amend the Credit Agreement in certain respects, which the Administrative Agent, the Collateral Agent and the Lenders party hereto are willing to do on the terms and conditions contained in this Amendment;
NOW, THEREFORE, in consideration of the premises and further valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
1.Amendments to Credit Agreement.  Subject to the terms and conditions set forth herein, the Credit Agreement (exclusive of Schedules and Exhibits thereto) is amended as follows:
(a)    Section 1.01 of the Credit Agreement is hereby amended by adding the following new definition in its proper alphabetical order:
““BTMU Letter of Credit” means the Irrevocable Standby Letter of Credit No. S500588N, dated October 20, 2014, issued by Bank of Tokyo-Mitsubishi UFJ for the benefit of Cameron LNG, LLC, as amended through the date hereof and as from time to time further amended, modified, supplemented, restated, or amended and restated.”  
(b)    Section 4.02(g)(i) of the Credit Agreement is hereby amended by restating such subsection in its entirety to read as follows:

“(i) any new Performance Letter of Credit will be used only to secure ordinary course performance obligations of the Company or its Subsidiaries in connection with (A) active construction projects awarded after the Amendment No. 8 Closing Date, (B) bids for prospective construction projects due after the Amendment No. 8 Closing Date, or (C) backstopping the increase in the amount of the BTMU Letter of Credit by $45,000,000 (the amount of such new Performance Letter of Credit not to exceed $22,500,000) and, for the avoidance of doubt, shall not be used to replace, or support an increase in the available amount of, any letters of credit issued for the account of the Company or its Subsidiaries outside this Agreement and the Existing Revolving Credit Agreement except as provided for in clause (C) above;”   
(c)    Section 6.12(b)(iii) of the Credit Agreement is hereby amended by restating such subsection in its entirety to read as follows:
“(iii) Letters of Credit shall not be issued to secure or backstop any surety, letter of credit (other than the BTMU Letter of Credit as provided for in Section 4.02(g)(i)(C)) or similar obligations”   
2.    Amendment to Exhibit M.  Subject to the terms and conditions set forth herein, Exhibit M to the Credit Agreement shall be amended such that after giving effect to all such amendment, it shall read in its entirety as set forth on Annex I attached hereto.
3.    Effectiveness; Conditions Precedent.  This Amendment and the amendments to the Credit Agreement provided in Sections 1 and 2 hereof shall be effective as of the date first written above upon the satisfaction of the following conditions precedent:
(a)    The Administrative Agent shall have received counterparts of this Amendment, duly executed by the Company, each Borrower, each Guarantor, the Collateral Agent and the Required Lenders, which counterparts may be delivered by facsimile or other electronic means (e.g. “.pdf” or “.tif”). 
(b)    The Administrative Agent shall have received a draft of the Letter of Credit to be issued pursuant to Section 4.02(g)(i)(C) of the Credit Agreement (as amended hereby) (the “CA Letter of Credit”) in form and substance reasonably satisfactory to the Administrative Agent.
(c)    (i) An amendment fee shall have been received by the Administrative Agent for each Lender executing this Amendment by 3:00 p.m. (New York time) on February 9, 2018 for the account of such Lender, equal to 0.15%, multiplied by each such Lender’s Commitments as of the date hereof and (ii) all other fees and expenses of the Administrative Agent (including the fees and expenses of counsel and the financial advisor to the Administrative Agent) to the extent due and payable under Section 10.04(a) of the Credit Agreement and for which invoices have been presented on or before the date that is one day prior to the date hereof shall have been paid in full (which fees and expenses may be estimated to date without prejudice to final settling of accounts for such fees and expenses).
For purposes of determining compliance with the conditions set forth in this Section 3, each Lender that has signed this Amendment shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to such Lender unless the Administrative Agent shall have received noticed from such Lender prior to the date hereof specifying its objection thereto. 
4.    Representations and Warranties.  In order to induce the Administrative Agent, the Collateral Agent and the Lenders to enter into this Amendment, the Company represents and warrants to the Administrative Agent, the Collateral Agent and the Lenders as follows:
(a)    The representations and warranties made by the Company in Article V of the Credit Agreement are true and correct in all material respects (except to the extent that such representation or warranty is qualified by reference to materiality or Material Adverse Effect, in which case it shall be true and 

2

correct in all respects) on and as of the date hereof, except to the extent that such representations and warranties expressly relate to an earlier date; and
(b)    This Amendment has been duly authorized, executed and delivered by the Company and the Borrowers and constitutes a legal, valid and binding obligation of such parties, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting the rights of creditors, and subject to equitable principles of general application. 
5.    Consent of the Guarantors.  Each Guarantor hereby consents, acknowledges and agrees to the amendments and other matters set forth herein and hereby confirms and ratifies in all respects the Guaranty to which it is a party (including without limitation the continuation of each Guarantor’s payment and performance obligations thereunder upon and after the effectiveness of this Amendment and the amendments, waivers and consents contemplated hereby) and the enforceability of the applicable Guaranty against the applicable Guarantor in accordance with its terms.
6.    Condition Subsequent.  By no later than the third Business Day after the date of the issuance of the CA Letter of Credit, the Administrative Agent shall have received evidence reasonably satisfactory to it that (i) the amount of the BTMU Letter of Credit has been increased to $658,098,021.10 and (ii) the expiry date of the BTMU Letter of Credit has been extended to no earlier than August 15, 2018.  Any failure to satisfy the condition in this Section 6 shall be an immediate Event of Default under the Credit Agreement.
7.    Entire Agreement.  This Amendment, together with all the Loan Documents (collectively, the “Relevant Documents”), sets forth the entire understanding and agreement of the parties hereto in relation to the subject matter hereof and supersedes any prior negotiations and agreements among the parties relating to such subject matter.  No promise, condition, representation or warranty, express or implied, not set forth in the Relevant Documents shall bind any party hereto, and no such party has relied on any such promise, condition, representation or warranty.  Each of the parties hereto acknowledges that, except as otherwise expressly stated in the Relevant Documents, no representations, warranties or commitments, express or implied, have been made by any party to the other in relation to the subject matter hereof or thereof.  None of the terms or conditions of this Amendment may be changed, modified, waived or canceled orally or otherwise, except in writing and in accordance with Section 10.01 of the Credit Agreement.
8.    Full Force and Effect of Loan Documents.  Except as hereby specifically amended, waived, modified or supplemented, the Credit Agreement (and each prior amendment thereto), the Subsidiary Guaranty and each other Loan Document is hereby confirmed and ratified in all respects and shall be and remain in full force and effect according to its respective terms.
9.    Governing Law.  This Amendment shall in all respects be governed by, and construed in accordance with, the laws of the State of New York, and shall be further subject to the provisions of Sections 10.14 and 10.15 of the Credit Agreement.
10.    Enforceability.  Should any one or more of the provisions of this Amendment be determined to be illegal or unenforceable as to one or more of the parties hereto, all other provisions nevertheless shall remain effective and binding on the parties hereto.  
11.    References.  All references in any of the Loan Documents to the “Credit Agreement” shall mean the Credit Agreement, as amended hereby.  This Amendment shall constitute a “Loan Document” for all purposes of the Loan Documents.
12.    Successors and Assigns.  This Amendment shall be binding upon and inure to the benefit of the Company, the Borrowers, the Administrative Agent, the Collateral Agent and each of the Guarantors and Lenders, and their respective successors, legal representatives, and assignees to the extent such assignees are permitted assignees as provided in Section 10.06 of the Credit Agreement.

3

13.    No Novation.  Neither the execution and delivery of this Amendment nor the consummation of any other transaction contemplated hereunder is intended to constitute a novation of the Credit Agreement or of any of the other Loan Documents or any obligations thereunder.
14.    Counterparts.  This Amendment may be executed in any number of counterparts, each of which shall be deemed an original as against any party whose signature appears thereon, and all of which shall together constitute one and the same instrument.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile or other electronic means (e.g. “.pdf” or “.tif”) shall be effective as delivery of a manually executed counterpart of this Amendment.
15.    FATCA.  For purposes of determining withholding Taxes imposed under the Foreign Account Tax Compliance Act (FATCA), from and after the effective date of this Amendment, it is understood and agreed that the Administrative Agent may treat (and the Lenders hereby authorize the Administrative Agent to treat) the Loans as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).
16.    Release.  EACH OF THE COMPANY AND THE BORROWERS, ON ITS OWN BEHALF AND ON BEHALF OF THE OTHER LOAN PARTIES, ITS AND THEIR RESPECTIVE AFFILIATES, SUBSIDIARIES, PREDECESSORS, SUCCESSORS, LEGAL REPRESENTATIVES AND ASSIGNS (EACH OF THE FOREGOING, COLLECTIVELY, THE “RELEASING PARTIES”), HEREBY ACKNOWLEDGES AND STIPULATES THAT AS OF THE DATE OF THIS AMENDMENT, NONE OF THE RELEASING PARTIES HAS ANY CLAIMS OR CAUSES OF ACTION OF ANY KIND WHATSOEVER RELATED TO THE LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED THEREBY AGAINST, OR ANY GROUNDS OR CAUSE FOR REDUCTION, MODIFICATION, SET ASIDE OR SUBORDINATION OF THE INDEBTEDNESS OR ANY LIENS OR SECURITY INTERESTS OF, THE ADMINISTRATIVE AGENT, THE COLLATERAL AGENT, THE LENDERS, THE L/C ISSUERS, THE OTHER SECURED BANK CREDITORS, OR ANY OF THEIR AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, ATTORNEYS, OR REPRESENTATIVES, OR AGAINST ANY OF THEIR RESPECTIVE PREDECESSORS, SUCCESSORS OR ASSIGNS (EACH OF THE FOREGOING, COLLECTIVELY, THE “RELEASED PARTIES”).  IN PARTIAL CONSIDERATION FOR THE AGREEMENT OF THE ADMINISTRATIVE AGENT, THE COLLATERAL AGENT, THE LENDERS AND THE L/C ISSUERS PARTY HERETO TO ENTER INTO THIS AMENDMENT, EACH OF THE RELEASING PARTIES HEREBY UNCONDITIONALLY WAIVES AND FULLY AND FOREVER RELEASES, REMISES, DISCHARGES AND HOLDS HARMLESS THE RELEASED PARTIES FROM ANY AND ALL CLAIMS, CAUSES OF ACTION, DEMANDS AND LIABILITIES OF ANY KIND WHATSOEVER, WHETHER DIRECT OR INDIRECT, FIXED OR CONTINGENT, LIQUIDATED OR UNLIQUIDATED, DISPUTED OR UNDISPUTED, KNOWN OR UNKNOWN, RELATED TO THE LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED THEREBY, WHICH ANY OF THE RELEASING PARTIES HAS OR MAY ACQUIRE IN THE FUTURE RELATING IN ANY WAY TO ANY EVENT, CIRCUMSTANCE, ACTION OR FAILURE TO ACT AT ANY TIME ON OR PRIOR TO THE DATE OF THIS AMENDMENT, SUCH WAIVER, RELEASE AND DISCHARGE BEING MADE WITH FULL KNOWLEDGE AND UNDERSTANDING OF THE CIRCUMSTANCES AND EFFECTS OF SUCH WAIVER, RELEASE AND DISCHARGE, AND AFTER HAVING CONSULTED LEGAL COUNSEL OF ITS OWN CHOOSING WITH RESPECT THERETO.  THIS SECTION IS IN ADDITION TO ANY OTHER RELEASE OF ANY OF THE RELEASED PARTIES BY THE RELEASING PARTIES AND SHALL NOT IN ANY WAY LIMIT ANY OTHER RELEASE, COVENANT NOT TO SUE OR WAIVER BY THE RELEASING PARTIES IN FAVOR OF THE RELEASED PARTIES.
[Signature pages follow.]

4

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

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

	 
	 

	By:
	 
	/s/ Luciano Reyes

	Name:
	 
	Luciano Reyes

	Title:
	 
	Treasurer

	 

	CB&I LLC, as a Designated Borrower

	By:
	 
	CB&I HoldCo, LLC, its Sole Member

	 
	 

	By:
	 
	/s/ Regina N. Hamilton

	Name:
	 
	Regina N. Hamilton

	Title:
	 
	Secretary

	 

	CBI SERVICES, LLC, as a Designated Borrower

	By:
	 
	CB&I HoldCo, LLC, its Sole Member

	 
	 

	By:
	 
	/s/ Regina N. Hamilton

	Name:
	 
	Regina N. Hamilton

	Title:
	 
	Secretary

	 

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

	 
	 

	By:
	 
	/s/ Michael S. Taff

	Name:
	 
	Michael S. Taff

	Title:
	 
	Managing Director

	 

	CHICAGO BRIDGE & IRON COMPANY, as a Designated Borrower

	 
	 

	By:
	 
	/s/ Luciano Reyes

	Name:
	 
	Luciano Reyes

	Title:
	 
	Vice President and Treasurer

	 
	 
	 

 

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

	
			
	 
	 
	 

	COMPANY:

	 

	CHICAGO BRIDGE & IRON COMPANY N.V.

	 
	 

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

	 
	 

	By:
	 
	/s/ Michael S. Taff

	Name:
	 
	Michael S. Taff

	Title:
	 
	Authorized Signatory

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

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

	CHICAGO BRIDGE & IRON COMPANY, a Delaware corporation

	 
	 

	By:
	 
	/s/ Michael S. Taff

	 
	 
	Name:
	 
	Michael S. Taff

	 
	 
	Title:
	 
	Authorized Signatory

	 

	CHICAGO BRIDGE & IRON COMPANY (DELAWARE)

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

	 

	CB&I TYLER COMPANY

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

	 

	CB&I LLC

	By:
	 
	CB&I HoldCo, LLC, its Sole Member

	 
	 

	By:
	 
	/s/ Regina N. Hamilton

	 
	 
	Name:
	 
	Regina N. Hamilton

	 
	 
	Title:
	 
	Secretary

	 

	CHICAGO BRIDGE & IRON COMPANY, an Illinois corporation

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

	 

	A & B BUILDERS, LTD.

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

	
					
	 
	 
	 
	 
	 

	ASIA PACIFIC SUPPLY CO.

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

	 

	CBI AMERICAS LTD.

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

	 

	CSA TRADING COMPANY LTD.

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

	 

	CB&I WOODLANDS LLC

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

	 

	CBI COMPANY LTD.

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

	 

	CENTRAL TRADING COMPANY LTD.

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

	 

	CONSTRUCTORS INTERNATIONAL, L.L.C.

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

	
					
	HBI HOLDINGS, LLC

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

	 

	HOWE-BAKER INTERNATIONAL, L.L.C.

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

	 

	HOWE-BAKER ENGINEERS, LTD.

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

	 

	HOWE-BAKER HOLDINGS, L.L.C.

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

	 

	HOWE-BAKER MANAGEMENT, L.L.C.

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

	 

	HOWE-BAKER INTERNATIONAL MANAGEMENT, LLC

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

	 

	MATRIX ENGINEERING, LTD.

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

 

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

 
	
					
	MATRIX MANAGEMENT SERVICES, LLC

	 
	 
	 
	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

	 

	OCEANIC CONTRACTORS, INC.

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

	 

	CBI VENEZOLANA, S.A.

	 
	 

	By:
	 
	/s/ Rui Orlando Gomes

	 
	 
	Name:
	 
	Rui Orlando Gomes

	 
	 
	Title:
	 
	Treasurer

	 

	CBI MONTAJES DE CHILE LIMITADA

	 
	 

	By:
	 
	/s/ Rui Orlando Gomes

	 
	 
	Name:
	 
	Rui Orlando Gomes

	 
	 
	Title:
	 
	Director/Legal Representative

	 

	CB&I EUROPE B.V.

	 
	 

	By:
	 
	/s/ Raymond Buckley

	 
	 
	Name:
	 
	Raymond Buckley

	 
	 
	Title:
	 
	Director

	 

	CBI EASTERN ANSTALT

	 
	 

	By:
	 
	/s/ Raymond Buckley

	 
	 
	Name:
	 
	Raymond Buckley

	 
	 
	Title:
	 
	Director

	 

	CB&I POWER COMPANY B.V.
(f/k/a CMP HOLDINGS B.V.)

	 
	 

	By:
	 
	/s/ Raymond Buckley

	 
	 
	Name:
	 
	Raymond Buckley

	 
	 
	Title:
	 
	Director

 

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

	
					
	 
	 
	 
	 
	 

	CBI CONSTRUCTORS PTY LTD

	 
	 

	By:
	 
	/s/ Richard W. Heo

	 
	 
	Name:
	 
	Richard W. Heo

	 
	 
	Title:
	 
	Director

	 

	CBI ENGINEERING AND CONSTRUCTION

	CONSULTANT (SHANGHAI) CO. LTD.

	 
	 

	By:
	 
	/s/ Natarajan Sankara Narayanan

	 
	 
	Name:
	 
	Natarajan Sankara Narayanan

	 
	 
	Title:
	 
	Chairman

	 

	CBI (PHILIPPINES), INC.

	 
	 

	By:
	 
	/s/ Thomas R. Feltes

	 
	 
	Name:
	 
	Thomas R. Feltes

	 
	 
	Title:
	 
	Director

	 

	CBI OVERSEAS, LLC

	 
	 

	By:
	 
	/s/ Regina N. Hamilton

	 
	 
	Name:
	 
	Regina N. Hamilton

	 
	 
	Title:
	 
	Secretary

	 

	CB&I CONSTRUCTORS LIMITED

	 
	 

	By:
	 
	/s/ Duncan Wigney

	 
	 
	Name:
	 
	Duncan Wigney

	 
	 
	Title:
	 
	Director

	 

	CB&I HOLDINGS (U.K.) LIMITED

	 
	 

	By:
	 
	/s/ Duncan Wigney

	 
	 
	Name:
	 
	Duncan Wigney

	 
	 
	Title:
	 
	Director

	 

	CB&I UK LIMITED

	 
	 

	By:
	 
	/s/ Duncan Wigney

	 
	 
	Name:
	 
	Duncan Wigney

	 
	 
	Title:
	 
	Director

 

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

	
					
	LUTECH RESOURCES LIMITED

	 
	 

	By:
	 
	/s/ Jonathan Stephenson

	 
	 
	Name:
	 
	Jonathan Stephenson

	 
	 
	Title:
	 
	Secretary

	 

	NETHERLANDS OPERATING COMPANY B.V.

	 
	 

	By:
	 
	/s/ H. M. Koese

	 
	 
	Name:
	 
	H. M. Koese

	 
	 
	Title:
	 
	Director

	 

	CBI NEDERLAND B.V.

	 
	 

	By:
	 
	/s/ Ashok Joshi

	 
	 
	Name:
	 
	Ashok Joshi

	 
	 
	Title:
	 
	Director

	
					
	CHICAGO BRIDGE & IRON (ANTILLES) N.V.

	 
	 
	 
	 
	 

	By:
	 
	/s/ Michael S. Taff

	 
	 
	Name:
	 
	Michael S. Taff

	 
	 
	Title:
	 
	Managing Director

	 

	LUMMUS TECHNOLOGY HEAT TRANSFER B.V.

	 
	 

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

	 
	 
	Name:
	 
	John R. Albanese, Jr.

	 
	 
	Title:
	 
	Director

	 

	LEALAND FINANCE COMPANY B.V.

	 
	 

	By:
	 
	/s/ Michael S. Taff

	 
	 
	Name:
	 
	Michael S. Taff

	 
	 
	Title:
	 
	Managing Director

	 

	CB&I FINANCE COMPANY LIMITED

	 
	 

	By:
	 
	/s/ Barry R. van Elven

	 
	 
	Name:
	 
	Barry R. van Elven

	 
	 
	Title:
	 
	Authorized Signatory

	 

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

	
					
	CB&I OIL & GAS EUROPE B.V.

	 
	 

	By:
	 
	/s/ Michael S. Taff

	 
	 
	Name:
	 
	Michael S. Taff

	 
	 
	Title:
	 
	Managing Director

	 

	CBI COLOMBIANA S.A.

	 
	 

	By:
	 
	/s/ Michael S. Taff

	 
	 
	Name:
	 
	Michael S. Taff

	 
	 
	Title:
	 
	Director

	 

	CHICAGO BRIDGE & IRON COMPANY B.V.

	 
	 

	By:
	 
	/s/ Michael S. Taff

	 
	 
	Name:
	 
	Michael S. Taff

	 
	 
	Title:
	 
	Managing Director

	 
	 
	 
	 
	 

	LUMMUS TECHNOLOGY INTERNATIONAL LLC (f/k/a CB&I TECHNOLOGY INTERNATIONAL CORPORATION)

	 
	 

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

	 
	 
	Name:
	 
	John R. Albanese, Jr.

	 
	 
	Title:
	 
	Vice President – Finance – Treasurer

	 

	LUMMUS TECHNOLOGY VENTURES LLC

	(f/k/a CB&I TECHNOLOGY VENTURES, INC.)

	 
	 

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

	 
	 
	Name:
	 
	John R. Albanese, Jr.

	 
	 
	Title:
	 
	Vice President & Treasurer

	 

	LUMMUS TECHNOLOGY OVERSEAS LLC (f/k/a CB&I TECHNOLOGY OVERSEAS CORPORATION)

	 
	 

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

	 
	 
	Name:
	 
	John R. Albanese, Jr.

	 
	 
	Title:
	 
	Vice President & Treasurer

	 

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

	
							
	CATALYTIC DISTILLATION TECHNOLOGIES

	 
	 

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

	 
	 
	Name:
	 
	John R. Albanese, Jr.

	 
	 
	Title:
	 
	Management Committee Member

	 

	LUMMUS TECHNOLOGY LLC (f/k/a CB&I TECHNOLOGY INC.)

	 
	 

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

	 
	 
	Name:
	 
	John R. Albanese, Jr.

	 
	 
	Title:
	 
	CFO & Treasurer

	 

	CBI SERVICES, LLC

	By:
	 
	CB&I HoldCo, LLC, its Sole Member

	 
	 

	By:
	 
	/s/ Regina N. Hamilton

	 
	 
	Name:
	 
	Regina N. Hamilton

	 
	 
	Title:
	 
	Secretary

	 
	 
	 
	 
	 

	WOODLANDS INTERNATIONAL INSURANCE COMPANY

	 
	 

	By:
	 
	/s/ Michelle Turgeon

	 
	 
	Name:
	 
	Michelle Turgeon

	 
	 
	Title:
	 
	Director

	 

	CB&I HUNGARY HOLDING LIMITED LIABILITY COMPANY

	 
	 

	By:
	 
	/s/ William G. Lamb

	 
	 
	Name:
	 
	William G. Lamb

	 
	 
	Title:
	 
	Director

	 

	CB&I NOVOLEN TECHNOLOGY GMBH  
(f/k/a LUMMUS NOVOLEN TECHNOLOGY GMBH)

	 
	 

	By:
	 
	/s/ Godofredo Follmer

	 
	 
	Name:
	 
	Godofredo Follmer

	 
	 
	Title:
	 
	Managing Director

	 

	CB&I LUMMUS GMBH

	 
	 

	By:
	 
	/s/ Andreas Schwarzhaupt

	 
	 
	Name:
	 
	Andreas Schwarzhaupt

	 
	 
	Title:
	 
	Managing Director

	 

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

	
					
	CB&I S.R.O.

	 
	 

	By:
	 
	/s/ Jiri Gregor

	 
	 
	Name:
	 
	Jiri Gregor

	 
	 
	Title:
	 
	Managing Director

	 

	CBI PERUANA S.A.C.

	 
	 

	By:
	 
	/s/ Cesar Canals

	 
	 
	Name:
	 
	Cesar Canals

	 
	 
	Title:
	 
	General Manager

	 

	HORTON CBI, LIMITED

	 
	 

	By:
	 
	/s/ Gregory L. Guse

	 
	 
	Name:
	 
	Gregory L. Guse

	 
	 
	Title:
	 
	Director

	 
	 
	 
	 
	 

	CB&I (NIGERIA) LIMITED

	 
	 

	By:
	 
	/s/ Natarajan Sankara Narayanan

	 
	 
	Name:
	 
	Natarajan Sankara Narayanan

	 
	 
	Title:
	 
	Director

	 

	CB&I SINGAPORE PTE LTD.

	 
	 

	By:
	 
	/s/ Michael S. Taff

	 
	 
	Name:
	 
	Michael S. Taff

	 
	 
	Title:
	 
	Director

	 

	CB&I NORTH CAROLINA, INC.

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Director

	 

	SHAW ALLOY PIPING PRODUCTS, LLC

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Manager

	 

	CB&I WALKER LA, L.L.C.

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Manager

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

	
					
	 
	 
	 
	 
	 

	CBI OVERSEAS (FAR EAST) INC.

	 
	 

	By:
	 
	/s/ Joseph Christaldi

	 
	 
	Name:
	 
	Joseph Christaldi

	 
	 
	Title:
	 
	Director

	 

	CB&I GROUP INC. (f/k/a THE SHAW GROUP INC.)

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

	 

	LUMMUS GASIFICATION TECHNOLOGY LICENSING LLC 
(f/k/a LUMMUS GASIFICATION TECHNOLOGY LICENSING COMPANY)

	 
	 

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

	 
	 
	Name:
	 
	John R. Albanese, Jr.

	 
	 
	Title:
	 
	Director

	 

	CB&I LAURENS, INC.

	 
	 

	By:
	 
	/s/ William G. Lamb

	 
	 
	Name:
	 
	William G. Lamb

	 
	 
	Title:
	 
	Vice President – Global Tax

	 

	SHAW SSS FABRICATORS, INC.

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Treasurer

	 

	CHICAGO BRIDGE & IRON COMPANY (NETHERLANDS), LLC

	 
	 

	By:
	 
	/s/ Regina N. Hamilton

	 
	 
	Name:
	 
	Regina N. Hamilton

	 
	 
	Title:
	 
	Director

	 
	 
	 
	 
	 

	CBI US HOLDING COMPANY INC.

	 
	 

	By:
	 
	/s/ Regina N. Hamilton

	 
	 
	Name:
	 
	Regina N. Hamilton

	 
	 
	Title:
	 
	Secretary

	 

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

	
					
	CBI HOLDCO TWO INC.

	 
	 

	By:
	 
	/s/ Regina N. Hamilton

	 
	 
	Name:
	 
	Regina N. Hamilton

	 
	 
	Title:
	 
	Secretary

	 

	CBI COMPANY BV

	 
	 

	By:
	 
	/s/ Ashok Joshi

	 
	 
	Name:
	 
	Ashok Joshi

	 
	 
	Title:
	 
	Director

	 

	CB&I HOLDCO, LLC

	 
	 

	By:
	 
	/s/ Regina N. Hamilton

	 
	 
	Name:
	 
	Regina N. Hamilton

	 
	 
	Title:
	 
	Secretary

	 

	CBI UK CAYMAN ACQUISITION LTD.

	 
	 

	By:
	 
	/s/ Jonathan Paul Stephenson

	 
	 
	Name:
	 
	Jonathan Paul Stephenson

	 
	 
	Title:
	 
	Company Secretary

	 

	CB&I INTERNATIONAL INC.

	 
	 

	By:
	 
	/s/ Luciano Reyes

	 
	 
	Name:
	 
	Luciano Reyes

	 
	 
	Title:
	 
	Director

	 

	CB&I Fabrication, LLC

	 
	 

	By:
	 
	/s/ Hector Gonzalez

	 
	 
	Name:
	 
	Hector Gonzalez

	 
	 
	Title:
	 
	Vice President Finance

	 

	Arabian CBI Ltd.

	 
	 

	By:
	 
	/s/ Hector Gonzalez

	 
	 
	Name:
	 
	Hector Gonzalez

	 
	 
	Title:
	 
	Director

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

	
					
	Arabian CBI Tank Manufacturing Company Inc.

	 
	 

	By:
	 
	/s/ Hector Gonzalez

	 
	 
	Name:
	 
	Hector Gonzalez

	 
	 
	Title:
	 
	Director

	 

	CB&I Clearfield, Inc.

	 
	 

	By:
	 
	/s/ Richard Heo

	 
	 
	Name:
	 
	Richard Heo

	 
	 
	Title:
	 
	Executive Vice President

	 

	CB&I El Dorado, Inc.

	 
	 

	By:
	 
	/s/ Regina N. Hamilton

	 
	 
	Name:
	 
	Regina N. Hamilton

	 
	 
	Title:
	 
	Secretary

	 

	CB&I Lake Charles

	 
	 

	By:
	 
	/s/ William G. Lamb

	 
	 
	Name:
	 
	William G. Lamb

	 
	 
	Title:
	 
	Vice President, Global Tax

	 
	 
	 
	 
	 

	CBI Company Two BV

	 
	 

	By:
	 
	/s/ Ashok Joshi

	 
	 
	Name:
	 
	Ashok Joshi

	 
	 
	Title:
	 
	Director

 
 

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

ADMINISTRATIVE AGENT:

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

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

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

COLLATERAL AGENT:

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

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

    

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

LENDERS:

BANK OF AMERICA, N.A., as a Lender, L/C Issuer and Swing Line Lender

By:    /s/ Sophie Lee        
Name:  Sophie Lee
Title:    Vice President

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

ZB, N.A. D/B/A AMEGY BANK NATIONAL ASSOCIATION, as a Lender

By:      /s/ James L. Warshaw        
Name:    James L. Warshaw    
Title:    Vice President     

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a Lender and an L/C Issuer

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

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

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender and an L/C Issuer

By:    /s/ Mark Maloney        
Name:  Mark Maloney
Title:    Authorized Signatory

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

BOKF, NA DBA BANK OF TEXAS, as a Lender 

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

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

BNP PARIBAS, as a Lender and an L/C Issuer

By:    /s/ Todd Rodgers            
Name:  Todd Rodgers
Title:    Director

By:    /s/ Mary-Ann Wong        
Name:  Mary-Ann Wong
Title:    Vice President

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

BANK OF MONTREAL, as a Lender

By:    /s/ Michael Gift            
Name:  Michael Gift
Title:    Director

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

ARAB BANKING CORPORATION (B.S.C), Grand Cayman Branch as a Lender 
By:    /s/ Richard Tull        
Name:  Richard Tull
Title:    Head of Wholesale Banking, North America

By:    /s/ Victoria Gale        
Name:  Victoria Gale
Title:    Senior Relationship Manager

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED, as a Lender 

By:    /s/ Robert Grillo        
Name:  Robert Grillo
Title:    Director

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

BANCO BILBAO VIZCAYA AGENTARIA, S.A. NEW YORK BRANCH, as a Lender 

By:    /s/ Brian Crowley        
Name:  Brian Crowley
Title:    Managing Director

By:    /s/ Cara Younger        
Name:  Cara Younger
Title:    Director

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

HSBC BANK USA, NATIONAL ASSOCIATION, as a Lender 

By:    /s/ John P Northington        
Name:  John P Northington
Title:    Senior Vice President

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

COMERICA BANK., as a Lender 

By:    /s/ Gary P. Mach        
Name:  Gary P. Mach
Title:    Vice President

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

COMMERZBANK AG, NEW YORK BRANCH, as a Lender 

By:    /s/ James Boyle            
Name:  James Boyle
Title:    Director

By:    /s/ Tom Scheinzbach        
Name:  Tom Scheinzbach
Title:    Director

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

SUMITOMO MITSUI BANKING CORPORATION, as a Lender 

By:    /s/ Toshitake Funaki        
Name:  Toshitake Funaki
Title:    Managing Director

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

LLOYDS BANK PLC, as a Lender 

By: /s/ Davon Ropat    
Name:  Davon Ropat
Title:    Senior Vice President

By: /s/ Jennifer Larrow    
Name:  Jennifer Larrow
Title:    Assistant Manager

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

NATIONAL BANK OF KUWAIT, S.A.K. - NEW YORK, as a Lender 

By:    /s/ Michael G. McHugh            
Name:  Michael G. McHugh
Title:    Executive Manager

By:    /s/ Arlette Kittaneh            
Name:  Arlette Kittaneh
Title:    Senior Vice President

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

REGIONS BANK, as a Lender 

By:    /s/ Bryan L. Cheek    
Name:  Bryan L. Cheek 
Title:    Sr. Vice President

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

SANTANDER BANK, N.A., as a Lender 

By:    /s/ Mark Connelly        
Name:  Mark Connelly 
Title:    Senior Vice President

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

RIYAD BANK, HOUSTON AGENCY, as a Lender 

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

By:    /s/ Tim Hartnett            
Name:  Tim Hartnett
Title:    Vice President & Administrative Officer

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

ING BANK N.V., DUBLIN BRANCH, as a Lender 

By:    /s/ Shaun Hayley        
Name:  Shaun Hayley
Title:    Director

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

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

INTESA SANPAOLO S.P.A., NEW YORK BRANCH, as a Lender 

By:    /s/ Jennifer Feldman Facciola        
Name:  Jennifer Feldman Facciola
Title:    Relationship Manager

By:    /s/ Francesco Di Mario            
Name:  Francesco Di Mario
Title:    FVP Head of Credit

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

DBS BANK LTD., as a Lender 

By:    /s/ Yeo How Ngee         
Name:  Yeo How Ngee
Title:    Managing Director

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

STANDARD CHARTERED BANK, as a Lender 

By: /s/ Daniel Mattern    

Name: Daniel Mattern 
Title: Associate Director

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

The Toronto-Dominion Bank, New York Branch as a Lender 

By: /s/ Annie Dorval    

Name: Annie Dorval 
Title: Authorized Signatory

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

U.S. BANK NATIONAL ASSOCIATION, as a Lender and an L/C Issuer

By: /s/ David C. Heyson    
Name: David C. Heyson 
Title: Executive Vice President

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

THE BANK OF NOVA SCOTIA, as a Lender 

By: /s/ Justin Mitges    
Name:  Justin Mitges
Title:    Senior Manager

By: /s/ Neel Chopra    
Name:  Neel Chopra
Title:    Director

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

THE NORTHERN TRUST COMPANY, as a Lender 

By:    /s/ Robert P. Veltman        
Name:  Robert P. Veltman
Title:    Vice President

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

WHITNEY BANK, as a Lender 

By: /s/ J. Greg Scott    
Name: J. Greg Scott
Title: Senior Vice President

Chicago Bridge & Iron
Amendment No. 10 to Credit Agreement
Signature Page

ANNEX I

AMENDED EXHIBIT M

(see attached)

EXHIBIT M
FORM OF L/C APPLICATION CERTIFICATE
Reference is made to (i) that certain Credit Agreement, dated as of October 28, 2013 (as amended, restated, amended and restated, extended, supplemented or otherwise modified in writing 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”), Chicago Bridge & Iron Company (Delaware), a Delaware corporation (the “Initial Borrower”), certain Subsidiaries of the Company from time to time party thereto (each a “Designated Borrower” and, together with the Initial Borrower, the “Borrowers” and each a “Borrower”), the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, L/C Issuer and Swing Line Lender, and reference is made thereto for full particulars of the matters described therein and (ii) that Letter of Credit Application dated as of [_____] and delivered to the applicable L/C Issuer and Administrative Agent pursuant to Section 2.03(b)(i) of the Credit Agreement (the “Relevant Application”).  All capitalized terms used in this Officer’s Certificate (the “Certificate”) and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement.

The undersigned, in his/her capacity as a Financial Officer of the Company not in any personal capacity, certifies on behalf of the Company that as of the date hereof, to his/her knowledge, after diligent inquiry of all relevant persons at the Company and its respective Subsidiaries:
(a)        The representations and warranties of the Borrowers contained in Article V are true and correct in all material respects (except to the extent that such representation or warranty is qualified by reference to materiality or Material Adverse Effect, in which case it shall be true and correct in all respects) on and as of the date of the [Letter of Credit] [amendment to an existing Letter of Credit] requested pursuant to the Relevant Application (the [“Proposed Letter of Credit”] [“Proposed Amendment”]), except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that the representations and warranties contained in subsections (a) and (b) of Section 5.05 of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01 of the Credit Agreement.

(b)        No Default shall exist, or would result from the [Proposed Letter of Credit] [Proposed Amendment] or from the application of the proceeds thereof.

[Include the following paragraph for new Performance Letters of Credit]

[(c)        The Proposed Letter of Credit will be used only to secure ordinary course performance obligations of the Company or its Subsidiaries in connection with (A) active construction projects awarded after the Amendment No. 8 Closing Date, (B) bids for prospective construction projects due after the Amendment No. 8 Closing Date, or (C) backstopping the increase in the amount of the BTMU Letter of Credit by $45,000,000 (the amount of such new Performance Letter of Credit not to exceed $22,500,000) and, for the avoidance of doubt, shall not be used to replace, or support an increase in the available amount of, any letters of credit issued for the account of the Company or its Subsidiaries outside the Credit Agreement and the Existing Revolving Credit Agreement except as provided for in clause (C) above.]

[Include the following paragraph for a Proposed Amendment that increases the amount of an existing Performance Letter of Credit]

[(c)        The increase to the amount of the Performance Letter of Credit pursuant to the Proposed Amendment will be solely for the purpose of supporting the increased ordinary course performance obligations of the Company or its Subsidiaries in connection with existing construction projects.]

[(c)/(d)]        The Company and its Subsidiaries will be in compliance with Section 7.18(c) of the Credit Agreement after giving pro forma effect to the [Proposed Letter of Credit] [Proposed Amendment].

M - 1
Form of L/C Application Certificate

[Signature Page Follows]

M - 2
Form of L/C Application Certificate

IN WITNESS WHEREOF, the undersigned has caused this Certificate to be duly executed and delivered by a proper and duly authorized officer as of the day and year first above written.

CHICAGO BRIDGE & IRON COMPANY N.V.

		
	By:
	Chicago Bridge & Iron Company B.V., 

 
By:       
Title:      

M - 3
Form of L/C Application Certificate

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