Document:

Exhibit
4.13

CONTRIBUTION AGREEMENT

THIS
CONTRIBUTION AGREEMENT (this “Contribution Agreement”)
is made and entered into as of April 20th, 2006 by and among (i) ABB Ltd, a Swiss corporation,
(ii) ABB Asea Brown Boveri Ltd, a Swiss corporation, (iii) ABB Holdings Inc., a
Delaware corporation, (iv) ABB Inc., a Delaware corporation, and (v) ABB Lummus
Global Inc., a Delaware corporation, jointly and severally (each of the
foregoing as joint and several obligors of the obligations pursuant to this
Contribution Agreement, a “Contributor”), and Combustion Engineering
524(g) Asbestos PI Trust (the “Asbestos PI Trust”) a trust established
pursuant to §524(g) of Title 11 of the United States Code (11 U.S.C. §§ 101 et  seq.) (the
“Bankruptcy Code”) pursuant to the Plan of Reorganization of Combustion
Engineering, Inc. ABB Treasury Center (USA) Inc. is a party to this
Contribution Agreement solely for purposes of Sections 10(a), 10(b), 10(c) and
(g) hereof.

WHEREAS, the
Contributors have agreed to pay the Contribution Amount (as defined below) to
help fund the Asbestos PI Trust for purposes of paying asbestos-related
personal injury claims filed by claimants as provided in the CE Plan;

NOW, THEREFORE, in
consideration of the foregoing and the mutual covenants and agreements herein
contained and intending to be legally bound hereby, the parties hereto hereby
agree as follows:

1.     Definitions.  The following terms are defined as follows:

“ABB Asea” means ABB Asea Brown Boveri Ltd, a
Swiss corporation.

“ABB Ltd” means ABB Ltd, a Swiss corporation.

“ABB Group” means ABB Ltd and its Subsidiaries
from time to time.

“ABB Holdings” means ABB Holdings Inc., a
Delaware corporation.

“ABB Inc.” means ABB Inc., a Delaware
corporation.

“ABB Treasury” means ABB Treasury Center (USA)
Inc., a Delaware corporation.

“Asset Sale” means any sale or other
disposition of any assets of Lummus or any of its Subsidiaries occurring after
March 15, 2005, other than a sale or disposition of assets (i) in the Lummus
Ordinary Course of Business or (ii) exclusively to Lummus or any Subsidiary of
Lummus.

“Assumed Debt” means, in respect of an Asset
Sale or Complete Stock Disposition, the aggregate amount of any indebtedness
for borrowed money plus the fair value of 

any liabilities (whether contingent or otherwise) in
respect of letters of credit or credit support arrangements owed by any Entity
of the ABB Group and assumed by a purchaser (or any Entity as designee of such
purchaser) in connection with such Asset Sale or Complete Stock Disposition.

“Business Day” means any day other than a Saturday, Sunday, or
any other day on which banks are authorized or required to close in New York,
New York or Zürich, Switzerland.

“Capital Stock”  means, with respect to any Entity, any share
of stock, or any depositary receipt or other certificate representing any share
of stock, or any similar equity ownership interest, and any warrant, option, or
any other security providing for the right to acquire any such share of stock
or similar equity ownership interest.

“Cash Equivalents”
means, in respect of an Asset Sale or Complete Stock Disposition, any note or
other instrument or agreement pursuant to which a buyer is obligated to make
one or more deferred payments in cash of all or a portion of the purchase price
relating to such Asset Sale or Complete Stock Disposition.

“CE Plan” means the Combustion Engineering,
Inc. Plan of Reorganization as modified through October 7, 2005, as amended,
supplemented, or otherwise modified from time to time in accordance with its
terms, and the exhibits and schedules to the foregoing, as the same may be in
effect from time to time.

“Complete Stock Disposition” means a sale,
transfer, assignment or other disposition (including a disposition in a
foreclosure resulting from the enforcement of rights pursuant to the Lummus
Rights pursuant to the Pledge and Irrevocable Proxy to be dated on or about the
Lummus Effective Date, between ABB Holdings and the Lummus Trust, and whether
directly or indirectly, by merger, consolidation, reorganization or otherwise)
of any or all the Capital Stock of Lummus by any Entity of the ABB Group (other
than a sale, transfer, assignment or other disposition, by merger,
consolidation, reorganization or otherwise, pursuant to which Lummus remains a
direct or indirect Wholly Owned Subsidiary of ABB Ltd).

“Confirmation Order” has the meaning set forth
in the Glossary.

“Contribution Amount” means $204,000,000.

“Contribution Event of Default” means a
Contribution Payment Event of Default or a Contribution Non-Payment Event of
Default.

“Contribution Payment Event of Default” means a
failure to make an Early Contribution Payment that continues for ten (10) or
more days after an Early Contribution Date, or the payment of the Remaining
Contribution Amount on the Scheduled Contribution Date.

“Contribution Non-Payment Event of Default”
means a breach of any obligation, representation, covenant, promise or
agreement contained in this Contribution Agreement (other than a Contribution
Payment Event of Default) which breach continues for a period of twenty (20) or
more days after the date of receipt by each of ABB Ltd and ABB Holdings, on
behalf of 

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the Contributors, of a written notice from the
Permitted Holder clearly captioned “NOTICE OF CONTRIBUTION NON-PAYMENT EVENT OF
DEFAULT”, asserting the existence of such breach and setting forth in
reasonable detail the Permitted Holder’s basis for such assertion.

“Consolidated Net Worth” of any Entity means,
as of any date of determination, the sum of all items which pursuant to the
generally accepted accounting principles then applicable to the relevant Entity
are included in shareholders’ or owners’ equity on a consolidated balance sheet
of such Entity and its Subsidiaries as of such date.

“Cutoff Date” means the close of business on
the thirty-first (31st)
consecutive calendar day prior to the Lummus Petition Date.

“Default Rate” has the meaning set forth in
Section 4 hereof.

“DIP Financing” means any financing (whether
for borrowed money or credit support) provided to Lummus and any Subsidiaries
of Lummus on or after the Lummus Petition Date pursuant to a
debtor-in-possession credit facility under §364 of the Bankruptcy Code.

“Disputed Payment” has the meaning set forth in
Section 17(e) hereof.

“Dollars” means the legal currency of the United
States of America.

“Early Contribution Date” means, in respect of
an Early Contribution Payment, the earlier of (x) the Business Day on which
such Early Contribution Payment is made, or (y) the tenth (10th) Business Day after each date
on which Net Proceeds are received.

“Early Contribution Payment” means a payment on
account of the Contribution Amount determined pursuant to Section 3 hereof.

“Effective Date” has the meaning set forth in
the Glossary.

“Entity” has the meaning set forth in the
Glossary.

“Exit Financing”  means one or more financing facilities in an
amount equal to the amount of any unsecured financing (whether for borrowed
money or credit support) provided by any Entity (including any Entity of the
ABB Group) to Lummus and any Subsidiaries of Lummus, on or after the Lummus
Effective Date pursuant to one or more “exit” financing facilities provided to
permit Lummus access to indebtedness for borrowed money or credit support for
its post-effective date funding and credit support needs and to consummate the
Lummus Plan, and including any refinancing, amendment or modification thereof,
which amount shall be determined by Lummus, and if so determined by Lummus, may
be at least equal to the sum of (A) the Pre-Petition Short-Term Working Capital
Financing; (B) any DIP Financing; and (C) any additional financing requirements
(whether for borrowed money or credit support) of Lummus and any Subsidiaries
of Lummus on and after the Lummus Effective Date.

For purposes of this Contribution Agreement, a financing
facility will not be considered secured solely (A) because such financing
facility provides that a lender may require cash collateral (not in excess of
amounts customarily required in the relevant marketplace in a 

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comparable arms’ length transaction) in respect of
reimbursement obligations related to credit enhancements, or the creation and
perfection of security interests in deposit accounts (including cash sweeps),
or (B) by the taking of any actions by any party to any such financing facility
in furtherance of any the foregoing; provided that any such arrangements are
and remain subject to the subordination provisions (which provisions may be
incorporated by cross-reference to this Contribution Agreement) identical in
all material respects to the terms set forth in Sections 10(b), 10(c) and 10(d)
hereof.

“Final Order” has the meaning set forth in the
Glossary.

“Glossary” means the Glossary of Terms for the
Plan Documents Pursuant To Combustion Engineering Inc.’s Plan of Reorganization
adopted pursuant to the CE Plan.

“Injunction Default” has the meaning set forth
in the Glossary.

“Lummus” means ABB Lummus Global Inc., a
Delaware corporation.

“Lummus Chapter 11”  means a “pre-packaged” proceeding under
Chapter 11 of Title 11 of the United States Code in respect of Lummus.

“Lummus Effective Date” means the “effective
date” of the Lummus Plan.

“Lummus Ordinary Course of Business” means the
ordinary course of business of Lummus and its Subsidiaries, consistent in all
material respects with the manner in which it was conducted prior to March 15,
2005; provided, that the licensing and sale of technology for the oil
& gas, refining and petrochemical industries, in a manner consistent in all
material respects with Lummus’s practices prior to March 15, 2005, shall be
deemed part of the Lummus Ordinary Course of Business at all times.

“Lummus Plan” has the meaning set forth in the
Glossary.

“Lummus Petition Date” means the date on which
Lummus files a voluntary petition to initiate a Lummus Chapter 11.

“Lummus Rights” means the rights and interests
granted pursuant to the Lummus Trust Note and the Pledge and Irrevocable Proxy
to be executed in connection with the Lummus Trust Note pursuant to the Lummus
Plan.

“Lummus Trust” means the 524(g) Trust to be
created pursuant to the Lummus Plan.

“Lummus Trust Note” means the $33,000,000 Note
to be made by Lummus for the benefit of the Lummus Trust and to be executed on
or about the Lummus Effective Date pursuant to the Lummus Plan.

“Lummus Trust Note Permitted Holder” means the “Permitted
Holder” as defined in the Lummus Trust Note.

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“Net Proceeds” means, as of any time of
determination:

(A) the sum of

(i) the amount in Dollars
of (x) cash proceeds received at such time, if any, plus (y) the sum of all
deferred purchase price payments to be made in the future pursuant to Cash
Equivalents (without discount or other deduction) which Cash Equivalents are
received at such time in connection with an Asset Sale or Complete Stock
Disposition, plus

(ii) (x) if such proceeds
are received in respect of a Complete Stock Disposition, any Assumed Debt in
respect thereof plus the aggregate principal amount plus accrued interest on
any Subordinated Intercompany Indebtedness or Exit Financing that remains
outstanding immediately following the consummation of such Complete Stock
Disposition and, (y) if such proceeds are received in respect of an Asset Sale,
the aggregate amount of any Assumed Debt (including the aggregate amount of any
Subordinated Intercompany Indebtedness or Exit Financing, if any, assumed by
the purchaser in connection with such Asset Sale (which assumed amount shall be
the actual amount assumed by such purchaser which may be greater or less than
$470,000,000)) less

(B) all Transaction Costs incurred by any Entities of
the ABB Group through such time in respect of such Asset Sale or Complete Stock
Disposition (except to the extent such Transaction Costs have been applied to
reduce previous payments of Net Proceeds).

In this definition of Net Proceeds, the term “received”
means received at the time of determination by any Entity of the ABB Group or
any designee of any such Entity.

“Notice of Transaction” means, in respect of an
Asset Sale or a Complete Stock Disposition, a written notice prepared by Lummus
(i) stating that an Asset Sale or Complete Stock Disposition has occurred, (ii)
describing in reasonable detail the assets or stock sold pursuant to such
transaction, (iii) setting forth the amount of gross cash proceeds and Cash
Equivalents resulting therefrom, (iv) setting forth the items and amounts of
Transaction Costs associated therewith and otherwise reconciling in all
material respects the gross cash proceeds and the Net Proceeds received as a
result of such transaction; (v) setting forth the amount of any payments made
or to be made pursuant to the Lummus Trust Note out of Net Proceeds and any
amounts described in Section 3(a)(i) taken into account in the calculation of
the corresponding Early Contribution Payment; and (vi) setting forth the amount
of the corresponding Early Contribution Payment.

 “Optional Contribution” means a
payment by a Contributor or a Permitted Payor to the Permitted Holder in
respect of all or any portion of any Early Contribution Payment or the
Contribution Amount or any interest accrued thereon (including payments on
account of the Contribution Amount made prior to the Scheduled Contribution
Date).

“Permitted Holder” means, as of any date of
determination, the Asbestos PI Trust, or any assignee thereof that has acquired
all of the interests in this Contribution Agreement pursuant to Section 16
hereof, as applicable on such date.

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“Permitted Payor” means any Entity (other than
a Contributor) acting on behalf of, or designated by, a Contributor, provided
that such Entity can make the relevant payment without such payment being
subject to rescission, avoidance, return or recovery on account of applicable
fraudulent transfer, preference or other similar laws, or for any other reason.

“Pre-Petition Short-Term Working Capital Financing”
means the indebtedness (whether for borrowed money or credit support, including
any indebtedness in respect of reimbursement of any amounts owed pursuant to
any credit support arrangements) for principal, interest and other fees, costs
and expenses outstanding as of the moment in time immediately prior to the
filing of the Lummus Chapter 11 on the Lummus Petition Date, for advances or
loans made, or credit support provided, by any Entity of the ABB Group to
Lummus and/or its Subsidiaries between the Cutoff Date and the moment in time
immediately prior to the filing the Lummus Chapter 11 by Lummus on the Lummus
Petition Date.

For the sake of clarity, Pre-Petition Short-Term
Working Capital Financing shall include all contingent obligations of Lummus
and/or its Subsidiaries to any Entity of the ABB Group on account of credit
support provided to Lummus and/or its Subsidiaries between the Cutoff Date and
the moment in time immediately prior to the filing of the Lummus Chapter 11 on
the Lummus Petition Date, but shall not include obligations (contingent or
otherwise) of Lummus and/or its Subsidiaries to any Entity of the ABB Group on
account of credit support obligations created or incurred prior to the Cutoff
Date, which obligations shall be considered part of the Subordinated Intercompany
Indebtedness.

“Pre-Petition Short-Term Working Capital Financing
Schedule” has the meaning set forth in Section 10(j) hereof.

“Prime Rate” means as of any date of
determination, the rate publicly announced on such date as the daily “prime
rate” by The Wall Street Journal (National Edition) for transactions in
Dollars.

“Remaining Contribution Amount” means, as of
any time of determination, the Contribution Amount minus the aggregate amount
of all Optional Contributions and Early Contribution Payments paid prior to the
time of determination (except to the extent the obligations satisfied by any
such payments have been reinstated and remain unpaid).

“Restricted Payments” means any of the following:

(1)           the declaration
or payment of any dividend or distribution or the making of any other payment
or distribution on account or in respect of any Capital Stock in Lummus or any
Subsidiary of Lummus (other than in respect of dividends or distributions
payable solely to Lummus or any Subsidiary of Lummus);

(2)           the purchase,
redemption or other acquisition or retirement of any Capital Stock in Lummus or
any Subsidiary of Lummus;

(3)           the making of
any payment on or with respect to, or the purchase, redemption, defeasance or
other acquisition, retirement or satisfaction of any Subordinated Intercompany
Indebtedness;

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(4)           the making of
any loan, advance, distribution, contribution or other investment by Lummus or
any of its Subsidiaries in or to any Entity of the ABB Group, other than with
respect to loans, advances or payments made in the Lummus Ordinary Course of
Business; or

(5)           the sale or
other disposition by Lummus or any of its Subsidiaries to any Entity of the ABB
Group of any assets for less than fair market value;

provided, however, that (i) in this
Contribution Agreement “Restricted Payments” shall not (A) (subject to Section
10(b)) include any payments or distributions in respect of the Exit Financing,
(B) include any payments or distributions on account of obligations incurred by
Lummus and its Subsidiaries pursuant to the CE Plan; and (ii) in this
definition “Entity of the ABB Group” shall not include Lummus or any Subsidiary
of Lummus.

“Scheduled Contribution Date” means April 21,
2008.

“Subordinated Intercompany Indebtedness” means
the amounts owed by Lummus or any of its Subsidiaries, in respect of:

(i) (A) at any time prior to the Lummus Petition Date,
indebtedness and liabilities for borrowed money provided by ABB Treasury or any
Entity of the ABB Group in an amount equal to $470,000,000, or (B) on or after
the Lummus Petition Date, indebtedness and liabilities for borrowed money
provided by ABB Treasury or any Entity of the ABB Group in an amount equal to
the greater of (x) $470,000,000, or (y) the amount of such indebtedness and
liabilities for borrowed money actually outstanding as of the Cutoff Date, and

(ii) indebtedness and liabilities (whether fixed,
matured, contingent or otherwise) existing or which may arise to any Entities
of the ABB Group for or in respect of letters of credit or credit support
arrangements outstanding as of the Cutoff Date provided by any such Entities
(including any reimbursement or indemnity obligations or liabilities for
amounts drawn or subject to being drawn after the Cutoff Date under such
letters of credit and other credit support arrangements outstanding as of the
Cutoff Date).

For the sake of clarity, Subordinated Intercompany
Indebtedness (A) does not include the Exit Financing, and (B) shall cease to
include such indebtedness assumed by the purchaser in connection with such
Asset Sale and taken into account for the calculation of Net Proceeds pursuant
to clause (A)(ii) of the definition of “Net Proceeds” if the amount of such
indebtedness is paid, as and to the extent provided in this Contribution
Agreement, in respect of the Contribution Amount to the Permitted Holder, or,
as and to the extent provided in the Lummus Trust Note to the Lummus Trust Note
Permitted Holder, as applicable.

“Subordinated Intercompany Indebtedness Schedule”
has the meaning set forth in Section 10(k) hereof.

“Subsidiaries” shall have the meaning set forth
in the Glossary.

“Transaction Costs” means, in respect of an
Asset Sale or a Complete Stock Disposition, the aggregate amount in Dollars of
(1) the actual reasonable transaction fees, expenses and other reasonable
out-of-pocket costs incurred by any Entity of the ABB Group 

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directly relating to the relevant Asset Sale or
Complete Stock Disposition, including reasonable legal, accounting, investment
banking and brokerage fees and sales commissions; and (2) direct and reasonable
out-of-pocket costs and expenses incurred by any Entity of the ABB Group
resulting from currency exchanges and any applicable exchange controls and
other restrictions on cross-border transfers of funds relating to the relevant
transaction (without duplication in respect of any such costs and expenses
taken into account in the conversion of any proceeds pursuant to Section 5 or
the determination of Net Proceeds).

“Wholly-Owned Subsidiary” means, with respect
to any Entity as of any time of determination, any Subsidiary of such Entity
100% of the Capital Stock of which such Entity owns or controls at that time,
directly or indirectly through another Subsidiary.

Whenever the context may require, any pronoun shall
include the corresponding masculine, feminine and neuter forms.  All references herein to Sections, Exhibits
and Schedules shall be deemed references to Sections of, and Exhibits and
Schedules to, this Contribution Agreement unless the context shall otherwise
require.

Unless otherwise indicated, the term “including” means
“including without limitation”, except when used in the computation of time
periods.

For purposes of the computation of time periods,
whenever the Contribution Agreement provides for an event to occur “within” a
specified number of days of a preceding event, it shall mean that the latter
event shall occur before the close of business on the last of the specified
days, and the day on which the preceding event occurs shall not be included in
the computation of days elapsed.  The
word “from” means “from and including”, “after” means “after and excluding”,
and “to” and “until” means “to and including”.

2.     Payment of Contribution Amount.  Not later than 2:00 PM New York City time on
the Scheduled Contribution Date, the Contributors shall pay the Remaining
Contribution Amount in full to the Permitted Holder.

3.     Early Contribution Payments.

(a)   Early
Contribution Payments.

(i)            On each Early Contribution Date (if
any), and with respect to Net Proceeds (if any) received prior to the Effective
Date, within ten (10) Business Days after the Effective Date, the Contributors
shall make a payment to the Permitted Holder, on account of the Contribution
Amount, in an amount equal to the lesser of (A) the Net Proceeds received in
respect of the relevant Asset Sale or Complete Stock Disposition, or (B) the
Remaining Contribution Amount then outstanding as of the Early Contribution
Date; provided, however, that no Early Contribution Payment will
be due and payable in respect of (1) up to the first $33,000,000 of Net
Proceeds received (to the extent such amounts are used or required to be used
pursuant to the Lummus Trust Note to make payments thereunder), and any other
Net Proceeds used or required to be used to make payments of interest pursuant
to the Lummus Trust Note, in each case on account of any Asset Sale or Complete
Stock Disposition, (x) if the Lummus Effective 

 8
 

Date has
occurred and Lummus has continuing obligations under the Lummus Trust Note as
of the date the relevant Net Proceeds are received, or (y) if the Lummus
Petition Date has occurred and Lummus is then seeking confirmation of the
Lummus Plan as of the date of receipt of any such Net Proceeds, or (2) without
duplication and in addition to (1) above, at the Contributors’ election from
time to time up to an aggregate of $25,000,000 of other Net Proceeds. For the
sake of clarity, if as of any time all or any portion of the first $33,000,000
of Net Proceeds are received by any Entity of the ABB Group or any designee of
any such Entity, either (xx) the Lummus Petition Date has not occurred, (yy)
the Lummus Petition Date has occurred and Lummus is not then seeking
confirmation of the Lummus Plan, or (zz) the Lummus Effective Date has occurred
and Lummus has no continuing obligations under the Lummus Trust Note, then, in
any such event, an Early Contribution Payment (determined in accordance with
the first sentence of this Section) will be due and payable in respect of the
amount of Net Proceeds (including all or any portion of the first $33,000,000
of such Net Proceeds) received as of such time. Together with the payment of
each Early Contribution Payment, Lummus will deliver a Notice of Transaction to
the Permitted Holder pursuant to Section 19 hereof.

(ii)           For purposes of this Section 3(a) (A)
cash proceeds will be deemed “received” on the Business Day when such proceeds
first are credited as immediately available funds in the bank account of an
Entity of the ABB Group that is the recipient thereof or any designee of such
Entity and (B) Cash Equivalents issued or required to be issued by a purchaser
pursuant to or in connection with the terms of any Asset Sale or Complete Stock
Disposition shall be deemed “received” on the date of closing of the relevant
Asset Sale or Complete Stock Disposition.

(b)   Insufficient
Information to Determine Net Proceeds. If prior to delivering a Notice of
Transaction the Contributors are not able to determine the actual amount of Net
Proceeds due to insufficient information as to the amount of the Transaction
Costs, the Contributors shall estimate the amount of the Transaction Costs in
good faith based on the information available to them at such time, and the
corresponding Early Contribution Payment shall be paid based on such good faith
estimate. Reasonably promptly after becoming aware of reasonably sufficient
information to determine the definitive amount of Transaction Costs, any
shortfall in the amount of the corresponding Early Contribution Payment shall
be paid to the Permitted Holder.

4.     Default Rate.
If any payment pursuant to Section 2 or Section 3 is not made on the date due
therefor, the Contributors shall pay to the Permitted Holder interest on such
payment, and such interest shall accrue at a fixed rate equal to the Prime Rate
plus four percent (4%) per annum (“Default Rate”). Interest shall
continue to accrue until the past due payment (and all interest thereon) has
been paid in full and shall be payable without demand by the Permitted Holder.

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5.     Calculation of Foreign Currency Cash Proceeds; Allocation of Proceeds.

(a)   If
any cash proceeds are received, or Transaction Costs are incurred, in respect
of any Asset Sale or Complete Stock Disposition by any Entity of the ABB Group
in any currency other than Dollars (the “foreign currency”), the value
of such cash proceeds or Transaction Costs in Dollars shall be (i) if the
relevant Entity of the ABB Group converts such foreign currency into Dollars in
accordance with its normal banking and cash management procedures, the actual
amount of Dollars received by such Entity, or (ii) determined by applying the
applicable “noon buying rate” in New York City, New York for cable transfers in
foreign currencies as certified for customs purposes by the Federal Reserve
Bank of New York on the first Business Day following receipt of the Net
Proceeds in respect of the underlying Asset Sale or Complete Stock Disposition.  

(b)   If
proceeds are received by any Entity of the ABB Group (or any Entity designated
by any Entity of the ABB Group) from a transaction in which that
Entity concurrently undertakes an Asset Sale and a sale of other assets,
or a Complete Stock Disposition and a sale of other assets, the amount of the
proceeds of such transaction to be allocated to such Asset Sale or Complete Stock
Disposition shall be (A) the value assigned to the Asset Sale or Complete Stock
Disposition in good faith by the parties to the corresponding transaction in
the underlying transaction documents or, (B) if no such value has been
assigned, such fair market value of the assets or Lummus Capital Stock sold in
such transaction as is determined reasonably and in good faith by the Board of
Directors of the Entity of the ABB Group that is the selling party in such
transaction.                

6.     Optional Contributions.

(a)   The
Contributors’ obligation to make all or any portion of any Early Contribution
Payment or to pay the Remaining Contribution Amount may be satisfied by direct
payment of such amounts by a Permitted Payor.

(b)   To
the extent any Early Contribution Payment or the Remaining Contribution Amount
is timely paid by a Permitted Payor, the Contributors’ obligations in respect
of the amounts paid shall be deemed satisfied and the Contributors shall not be
considered in default in respect of such amounts so paid.

(c)   Any
Permitted Payor and any Contributor may at any time make payments of Optional
Contributions.

7.     Representations and Warranties.  Each Contributor hereby represents and
warrants to the Asbestos PI Trust that as of the Effective Date:

(a)   Such
Contributor has the right, power, legal capacity and authority to execute and
deliver this Contribution Agreement. 
This Contribution Agreement has been duly authorized by all necessary
corporate action and has been duly executed and delivered by such Contributor.

(b)   This
Contribution Agreement is a legal, valid and binding obligation of such
Contributor, enforceable in accordance with its terms, except as enforceability
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium
or similar laws affecting the

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enforcement of
creditors’ rights generally and by general equitable principles (whether
enforcement is sought by proceedings at law or in equity).

(c)   The
execution, delivery and performance by such Contributor of this Contribution
Agreement does not conflict with, result in a breach of any of the provisions
of, or constitute a default under, the certificate of incorporation or by-laws
of such Contributor, or any other material agreement or material contract by
which such Contributor is bound or any applicable material law or material
order, rule or regulation of any court or governmental agency having
jurisdiction over such Contributor.

(d)   No
material order, permission, consent, approval, license, authorization,
registration or filing by or with any governmental agency having jurisdiction
over such Contributor is required for the execution and delivery of this
Contribution Agreement, other than for such orders, permissions, consents,
approvals, licenses, authorizations, registrations or filings that have already
been made or obtained and are in force and effect as of the date hereof.

(e)  
(i) ABB Ltd is the indirect beneficial owner of 100% of the Capital Stock of
Lummus, and (ii) ABB Holdings owns 100% of the Capital Stock of Lummus.

(f)    The
organizational chart reflecting the ownership interests in ABB Asea, ABB
Holdings, ABB Inc., Lummus and its Subsidiaries attached as Exhibit A
hereto is true and correct in all material respects as of the Effective Date.

(g)  
Other than with respect to (A) such actions related to the case pursuant to
Chapter 11 of the Bankruptcy Code of Combustion Engineering, Inc., and (B) such
actions, if any, related to a possible case pursuant to Chapter 11 of the
Bankruptcy Code of Lummus, such Contributor has not taken, any action, (nor to
the best of its knowledge, have any steps been taken or legal proceedings been
started against it) for winding-up, dissolution or reorganization, the
enforcement of any security interest over its material assets or for the
appointment of a receiver, administrative receiver, or administrator, trustee
or similar office of it or any of its material assets.

(h)   Since
August 19, 2005, except for actions related to the possible commencement of a
case pursuant to Chapter 11 of the Bankruptcy Code of Lummus, Lummus has
conducted its business in accordance with the Lummus Ordinary Course of
Business.

(i)    The
provisions of Section 17 hereof (exclusive of Section 17(d)), as applied to ABB
Ltd and ABB Asea, do not contravene any mandatory provisions of applicable
Swiss law to which such Entity may be subject.

8.     Liability for Representations and Warranties by the Contributors.  Notwithstanding any other provision in this
Contribution Agreement to the contrary, each Contributor shall only be liable
for breaches of the representations and warranties made only by itself in this
Contribution Agreement, and shall not be liable for any breach of any
representations and warranties made by any other Contributor.

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9.     Payments.

(a)   All
payments to be made hereunder or in respect hereof shall be made in Dollars by
wire transfer of immediately available funds to the Permitted Holder in
accordance with such wire transfer instructions that are provided by the
Permitted Holder from time to time. Upon request by the Permitted Holder, each
Contributor shall provide, or cause to be provided, the Federal Reserve Bank
wire reference numbers and other wire information related to any payments
hereunder.

(b)   All
payments hereunder or in respect hereof shall be made in full, without any reduction,
set-off, counterclaim or any deduction or withholding whatsoever, including for
any and all present or future taxes.

(c)   Whenever
any payment (including payment of the Contribution Amount on the Scheduled
Contribution Date) to be made under this Contribution Agreement shall be stated
to be due on a day that is not a Business Day, such payment shall be made on
the next succeeding Business Day.

(d)   The
obligations hereunder or in respect of any payments contemplated hereby shall,
notwithstanding the rate of exchange actually applied in rendering such
conversion, be discharged only in the amount of Dollars in fact received by the
Permitted Holder.

(e)   To
the extent that any Entity makes a payment to the Permitted Holder on account
of this Contribution Agreement, which payment or any part thereof is
subsequently rescinded or avoided, or must otherwise be restored or returned by
the Permitted Holder whether upon insolvency, bankruptcy or reorganization or
otherwise, then, to the extent of the amount of such payment, the part of the
obligations under this Contribution Agreement which has been paid, reduced or
satisfied by such payment shall be reinstated and continue to be in full force
and effect as of the time immediately preceding such payment, reduction or
satisfaction.

10.  Certain Covenants

(a)   Subordination
of the Restricted Payments. The Permitted Holder shall be entitled to
receive payment in full of the Contribution Amount in accordance with the terms
of this Contribution Agreement before Lummus or any of its Subsidiaries makes
any payments or distributions of, or in respect of, the Restricted Payments.

Lummus agrees, and the
Contributors agree to cause Lummus and each of its Subsidiaries not to make any
such payment of Restricted Payments without the prior written consent of the
Permitted Holder; provided, however, that any Entity of the ABB
Group shall be permitted at all times to take any actions and further steps
that any such Entity of the ABB Group deems reasonably appropriate or advisable
(including the filing of proofs of claim and the commencement of legal actions)
to perfect, preserve and/or maintain any right, priority and interest it may
have in respect of any indebtedness or other obligations of Lummus or any of
the Subsidiaries of Lummus (including any Restricted Payments), which actions
and further steps shall nevertheless be subject to the provisions of this
Section 10.

The Contributors and ABB
Treasury agree not to exercise, and agree to cause any other Entity of the ABB
Group not to exercise, any right of set-off or any other right or action 

 12
 

that would result in the making of a Restricted
Payment, without the prior consent of the Permitted Holder.

(b)   Subordination
of the Exit Financing. Nothing in this Contribution Agreement (including
this Section 10) shall prohibit any Entity (including Lummus and its
Subsidiaries) from making or accepting payments or distributions or consenting
to or exercising rights of set-off or taking other actions to make or accept
payment in respect of the Exit Financing; provided, however, that
Lummus and its Subsidiaries shall not, and the Contributors agree to cause
Lummus and its Subsidiaries not to, make, and no holder of Exit Financing shall
accept, any payments or distributions or consent to any right of set-off or
take any other action to make payment in respect of any Exit Financing, without
the prior written consent of the Permitted Holder (i) after any Contribution
Event of Default has occurred, or (ii) if upon the consummation of the first to
occur, if any, of (A) any sale resulting in the sale of all or substantially
all of the assets of Lummus and its Subsidiaries, or (B) a Complete Stock
Disposition resulting in the sale or disposition of all of the Capital Stock of
Lummus, and after giving effect to the Early Contribution Payments required to
be made following such Asset Sales or Complete Stock Disposition and to any
Optional Contributions paid prior to such time, the Contribution Amount has not
been paid in full; and provided, further, that any Entity of the
ABB Group is permitted at all times to take any actions and further steps it
deems reasonably appropriate or advisable (including the filing of proofs of
claim and the commencement of legal actions) to perfect, preserve and/or
maintain its right, priority and interest in such Exit Financing, which actions
and further steps shall nevertheless be subject to the provisions of this
Section 10. Whether the Exit Financing is provided by an Entity of the ABB
Group or by any other Entity, the terms and conditions of subordination in
respect of Exit Financing shall include subordination provisions (which
provisions may be incorporated by cross-reference to this Contribution
Agreement) identical in all material respects with the terms of this Section 10(b)
and with the terms of Sections 10(c) and 10(d) hereof.

(c)   Transfer
of Proceeds. Should any payment or distribution prohibited by Section
10(a), Section 10(b) or Section 10(i), as applicable, be received by any Entity
of the ABB Group, the Contributors shall cause the receiving Entity of the ABB
Group, to the extent of the Remaining Contribution Amount at the time, to
receive and hold the same for the benefit of the Permitted Holder and to
forthwith upon the earlier of (A) request in writing of the Permitted Holder or
(B) such Entity having actual knowledge that such payment or distribution is
prohibited by Section 10(a), Section 10(b) or Section 10(i), as applicable,
deliver the same to the Permitted Holder, in the form received (accompanied by
the endorsement or assignment of the Contributors or any other Entity of the
ABB Group, as applicable, where necessary), for application to the Remaining
Contribution Amount, whether or not then otherwise due; provided, however,
that in respect of the first $33,000,000 of any payments or distributions, plus
payments or distributions in an amount equal to interest payable in respect
thereof pursuant to the Lummus Trust Note, that would otherwise be payable to
the Permitted Holder pursuant to this Section 10(c), and that pursuant to the
terms of the Lummus Trust Note or the Settlement Agreement (as defined in the
Lummus Trust Note) are to be paid to the Lummus Trust Note Permitted Holder,
such payments or distributions (without duplication in respect of amounts
payable, if any, to the Lummus Trust Note Permitted Holder pursuant to Section
3(a)(i) hereof) will be payable to the Lummus Trust Note Permitted Holder, and
not to the Permitted Holder. The Contributors will cause each relevant Entity
of the ABB Group to mark its books, records and any chattel paper or 

 13
 

instruments documenting the Subordinated Intercompany Indebtedness,
Exit Financing or DIP Financing, as applicable, with a conspicuous legend
stating that payments and distributions in respect of such obligations are
subject to certain restrictions and terms of subordination pursuant to this
Contribution Agreement.

(d)   No
Implied Obligations. With respect to the Restricted Payments or the Exit
Financing, as applicable, the Contributors undertake to perform only the
obligations specifically set forth in this Contribution Agreement, and no
implied covenants or obligations with respect to the Restricted Payments or the
Exit Financing, as applicable, will be read into this Contribution Agreement
against the Contributors. Neither the Contributors nor any other Entity of the
ABB Group will be deemed to owe any fiduciary duties to the Permitted Holder or
any other Entity pursuant to this Section 10.

(e)   Cash
Disposition. Except with the prior written consent of the Permitted Holder,
the Contributors will not consummate, and will not permit any other Entity of
the ABB Group to consummate, any Asset Sale or Complete Stock Disposition
providing for consideration other than in cash, Cash Equivalents or Assumed
Debt.

(f)    Limitation
on Issuance of Capital Stock. Except with the prior written consent of the
Permitted Holder, Lummus will not, and will cause its Subsidiaries not to,
issue any shares of Capital Stock, except for: (i) transfers and replacements
of outstanding shares of Capital Stock, (ii) stock splits, stock dividends and
issuances which do not decrease the percentage of ownership in Lummus or its
Subsidiaries, as applicable, of the corresponding holder of Capital Stock, or
(iii) with respect to the Subsidiaries of Lummus organized under laws other
than the laws of a state of the United States, to qualify directors to the
extent required by applicable law. Nothing in this Section 10(f) will prohibit
any Contributor from granting, or restrict the ability of any Contributor to
grant, the Lummus Rights in accordance with the Lummus Plan and this
Contribution  Agreement.

(g)   Subordinated
Intercompany Indebtedness.

(i)            Except with the prior written
consent of the Permitted Holder,  any
creditor in respect of the Subordinated Intercompany Indebtedness shall be
either ABB Treasury, ABB Holdings or any Entity of the ABB Group provided,
however, that any such creditor shall be bound by Section 10(a), 10(c)
and 10(d) of this Contribution Agreement, or by subordination provisions (which
provisions may operate by cross-reference to this Contribution Agreement)
identical in all material respects with the terms of Sections 10(a), 10(c) and
10(d) hereof.

(ii)           Without the prior written consent of
the Permitted Holder, ABB Treasury and any other creditor in respect of the
Subordinated Intercompany Indebtedness, will not sell, assign, transfer or
otherwise dispose of its interest in the Subordinated Intercompany
Indebtedness, whether in whole or in part, unless the acquirer of such interest
is an Entity of the ABB Group and agrees in a manner reasonably acceptable to
the Permitted Holder to be bound by Section 10(a), 10(c) and 10(d) of this
Contribution Agreement or by subordination 

 14
 

provisions
(which provisions may operate by cross-reference to this Contribution
Agreement) identical in all material respects with the terms of Sections 10(a),
10(c) and 10(d) hereof.

(h)   Access
to Certain Information. Upon reasonable request by the Permitted Holder,
ABB Ltd shall make one or more appropriate employees of the ABB Group
available, via teleconference for a reasonable period of time during such
employees’ regular business hours, to discuss the ABB Group’s plans and
activities, if any, with respect to any actual or prospective Asset Sale or
Complete Stock Disposition; provided, however, that (i) ABB Ltd
shall be under no obligation to provide such access more than once during any
fiscal quarter, (ii) before ABB Ltd provides any such information, the
Permitted Holder shall provide ABB Ltd with a written confidentiality agreement
in form and substance reasonably acceptable to ABB Ltd, and (iii)
notwithstanding (ii) above, ABB Ltd shall be under no obligation to provide any
information that it believes may jeopardize the success of any such plans or
activities (including any potential transaction) or would violate the terms of
any confidentiality obligation applicable to any Entity of the ABB Group.

(i)    Subordination
of DIP Facility.

(i)            Nothing in this Contribution
Agreement (including this Section 10) shall prohibit any Entity (including
Lummus and its Subsidiaries) from making or accepting payments or distributions
or consenting to or exercising rights of set-off or taking other actions to
make or accept payment in respect of the DIP Financing; provided, however, that
Lummus and its Subsidiaries shall not, and the Contributors agree to cause
Lummus and its Subsidiaries not to, make, and no holder of the DIP Financing
shall accept, any payments or distributions or consent to any right of set-off
or take any other action to make payment in respect of any DIP Financing,
without the prior written consent of the Permitted Holder (i) after any
Contribution Event of Default has occurred, or (ii) if upon the consummation of
the first to occur, if any, of (A) any sale resulting in the sale of all or
substantially all of the assets of Lummus and its Subsidiaries, or (B) a
Complete Stock Disposition resulting in the sale or disposition of all of the
Capital Stock of Lummus, and after giving effect to the Early Contribution
Payments required to be made following such Asset Sales or Complete Stock
Disposition and to any Optional Contributions paid prior to such time, the
Contribution Amount has not been paid in full; and provided, further,
that any Entity of the ABB Group is permitted at all times to take any actions
and further steps it deems reasonably appropriate or advisable (including the
filing of proofs of claim and the commencement of legal actions) to perfect,
preserve and/or maintain its right, priority and interest in such DIP
Financing, which actions and further steps shall nevertheless be subject to the
provisions of this Section 10.  The terms
and conditions of the DIP Financing shall include subordination provisions (which
provisions may be incorporated by cross-reference to this Contribution
Agreement) identical in all material respects with the terms of this Section
10(i) and with the terms of Sections 10(c) and 10(d) hereof.

 15
 

(ii)           The DIP Financing shall be unsecured.
The DIP Financing will not be considered secured solely because such  DIP Financing provides that a lender may
require cash collateral (not in excess of amounts customarily required in the
relevant marketplace in a comparable arms’ length transaction) in respect of
reimbursement obligations related to credit enhancements, or the creation and
perfection of security interests in deposit accounts (including cash sweeps),
or by the taking of any actions by any party to any such financing facility in
furtherance of any the foregoing.

(j)    Schedule
of Pre-Petition Short Term Working Capital Financing.  Not later than three (3) Business Days after
the Lummus Petition Date, Lummus shall deliver to the Asbestos PI Trust a
schedule describing the Pre-Petition Short Term Working Capital Financing (the “Pre-Petition
Short-Term Working Capital Financing Schedule”) setting forth the amount of
the Pre-Petition Short-Term Working Capital Financing and the items of
indebtedness constituting such financing, which Pre-Petition Short-Term Working
Capital Financing Schedule shall conspicuously provide (in 12-point (or larger)
bold type at least on the top of the first page thereof) that failure to object
in writing within ten (10) Business Days after receipt thereof shall constitute
irrevocable approval thereof, and shall become final and binding upon the
parties hereto if not objected to by the Asbestos PI Trust in writing as
including items of indebtedness that are not Pre-Petition Short-Term Working
Capital Financing within ten (10) Business Days after receipt thereof.  If the Asbestos PI Trust timely objects in
writing, Lummus and the Asbestos PI Trust shall negotiate in good faith, in
order to resolve the objections presented by the Asbestos PI Trust. If Lummus
and the Asbestos PI Trust are not able to reach an agreement as to the items of
indebtedness included in the Pre-Petition Short-Term Working Capital Financing
Schedule within fifteen (15) Business Days after the receipt of the written
objection made by the Asbestos PI Trust, Lummus or the Asbestos PI Trust shall
be entitled to submit the dispute to arbitration pursuant to the provisions of
Section 17(b)(B) hereof.

(k)   Schedule
of Subordinated Intercompany Indebtedness. 
Not later than three (3) Business Days after the Lummus Petition Date,
Lummus will deliver to the Asbestos PI Trust a schedule describing the
Subordinated Intercompany Indebtedness (the “Subordinated Intercompany
Indebtedness Schedule”) setting forth the amount of the Subordinated
Intercompany Indebtedness and the items of indebtedness constituting such
financing, which Subordinated Intercompany Indebtedness Schedule shall
conspicuously provide (in 12-point (or larger) bold type at least on the top of
the first page thereof) that failure to object in writing within ten (10)
Business Days after receipt thereof shall constitute irrevocable approval
thereof, become final and binding upon the parties hereto if not objected to by
the Asbestos PI Trust in writing as including items of indebtedness that are
not Subordinated Intercompany Indebtedness within ten (10) Business Days after
receipt thereof.  If the Asbestos PI
Trust timely objects in writing Lummus and the Asbestos PI Trust shall
negotiate in good faith in order to resolve the objections presented by the Asbestos
PI Trust. If Lummus and the Asbestos PI Trust are not able to reach an
agreement as to the items of indebtedness included in the Subordinated
Intercompany Indebtedness Schedule within fifteen (15) Business Days after the
receipt of the written objection made by the Asbestos PI Trust, Lummus or the
Asbestos PI Trust shall be entitled submit the dispute to arbitration pursuant
to the provisions of Section 17(b)(B) hereof.

 16
 

(l)    Certain
Financing to be provided by Entities of the ABB Group. Anything in this
Contribution Agreement notwithstanding, all Subordinated Intercompany
Indebtedness, Pre-Petition Short-Term Working Capital Financing and DIP
Financing shall be provided solely by Entities of the ABB Group.

11.  Termination. Upon the
Contribution Amount having been paid in full, any and all obligations under
this Contribution Agreement shall be discharged and this Contribution Agreement
will terminate without any further action by the parties thereto or any other
Entity (except to the extent all or any portion of the Contribution Amount is
reinstated pursuant to Section 9(e) hereof). 
Promptly upon such termination, the Permitted Holder shall execute and
deliver to the Contributors, at the Contributors’ sole cost and expense, such
documents as are reasonably requested by the Contributors to fully document the
payment, termination and discharge of all obligations hereunder.

12.  Severability.  Whenever possible, each provision of this
Contribution Agreement will be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Contribution
Agreement or the entry into by any party to this Contribution Agreement is held
to be invalid, void, voidable, illegal, unenforceable or rejected in any
respect under any applicable law or rule in any jurisdiction, such event will
not affect any other provision or the effectiveness or validity of any
provision in any other jurisdiction, including by reason of the rejection
hereof, or the obligations of any other party to this Contribution Agreement,
and this Contribution Agreement will be reformed, construed and enforced in
such jurisdiction as if such invalid, void, voidable, illegal, unenforceable or
rejected provision had never been contained herein or such party had never
joined herein.

13.  Complete Agreement. 
This Contribution Agreement embodies the complete agreement and
understanding between the parties hereto in respect of the subject matter
hereof and supersedes, preempts and terminates all other prior understandings,
agreements or representations by or among the parties hereto, written or oral,
to the extent relating thereto.

14.  Counterparts. 
This Contribution Agreement may be executed (including by facsimile) in
separate counterparts, each of which will be deemed to be an original and all
of which taken together will constitute one and the same agreement.

15.  No Third Party Beneficiaries.  There are no third party beneficiaries of
this Contribution Agreement and nothing in this Contribution Agreement, express
or implied, is intended to confer on any Entity other than the parties hereto
and their respective successors, and assigns, any rights, remedies, obligations
or liabilities; provided, however, that until such time when the Asbestos PI
Trust is not the Permitted Holder, the trustees of the Asbestos PI Trust are
third party beneficiaries of this Contribution Agreement, with full right,
power and authority to enforce the Asbestos PI Trust’s rights hereunder.

16.  Assignment.

(a)   This
Contribution Agreement shall be binding upon each Contributor and upon the
successors and permitted assigns of such Contributor and shall inure to the
benefit of the Permitted Holder and its successors and permitted assigns.

 17
 

(b)   Neither
the Asbestos PI Trust nor any Permitted Holder may assign nor transfer any of
its rights or obligations under this Contribution Agreement without the prior
written consent of the Contributors (such consent not to be unreasonably
withheld, conditioned or delayed); provided, however, that (A)
the Asbestos PI Trust or a Permitted Holder, as applicable, shall under no
circumstance (except upon the occurrence and during the continuance of a
Contribution Event of Default) be permitted to assign or transfer less than all
of its rights and obligations under this Contribution Agreement, and any
assignment or transfer must be made in compliance with federal, state and other
applicable securities laws, (B) following any assignment or transfer by the
Asbestos PI Trust, no failure by any Contributor to perform any of its
obligations under this Contribution Agreement shall cause or be the basis for
an Injunction Default; and (C) the consent of the Contributors shall not be
required for any assignment or transfer consummated after the occurrence of a
Contribution Event of Default (unless the effects of such event have been
expressly waived in writing).

(c)   None
of Contributors may assign or transfer its rights or obligations under this
Contribution Agreement without the prior written consent of the Permitted
Holder, such consent not to be unreasonably withheld, conditioned or delayed.

(d)   Notwithstanding
the preceding paragraph, however, neither such sentence nor anything else in
this Contribution Agreement shall restrict at any time the ability of any
Contributor to merge with or into, sell all or substantially all of its assets
to, or otherwise consolidate with or into, any Entity which immediately
following such transaction, is a direct or indirect Wholly Owned Subsidiary of
ABB, provided, however, that prior to and immediately after such
transaction (unless the Permitted Holder consents otherwise in writing) (i) if
the original Contributor is an Entity organized under the laws of a state of
the United States of America or the District of Columbia (a “Domestic Entity”),
the surviving or succeeding Entity (which includes any Entity to which all or
substantially all of the assets of such Contributor have been transferred) is a
Domestic Entity, or if the original Contributor is an Entity other than a
Domestic Entity (a “Foreign Entity”), then the surviving or succeeding
Entity (which includes any Entity to which all or substantially all of the
assets of such Contributor have been transferred) may be a Domestic Entity or a
Foreign Entity; (ii) the surviving or succeeding Entity shall have, after
giving effect to the relevant transaction, a Consolidated Net Worth equal to or
greater than the Consolidated Net Worth of the original Contributor; (iii) no
Contribution Event of Default shall exist immediately following the
consummation of such transaction; (iv) such transaction does not conflict with,
or result in a breach of, any of the provisions of, or constitute a default
under, the certificate of incorporation or the by-laws of such Contributor or
such surviving or succeeding Entity or any other material agreement or material
contract by which such Contributor or such surviving or succeeding Entity is
bound or any applicable law, or any applicable order, rule or regulation of any
court or governmental agency having jurisdiction; (v) the consummation of such
transaction shall not materially impair the relevant Contributor’s ability to
perform pursuant to this Contribution Agreement, (vi) at least 10 days prior to
consummation of such transaction, such Contributor shall deliver to the
Permitted Holder written notice of its intent to consummate such transaction,
and (vii) at the closing of such transaction, the surviving or succeeding
Entity shall deliver, or cause to be delivered, to the Permitted Holder a
certificate from an officer to the effect that such officer has reviewed this Contribution
Agreement for purposes of giving such certificate, that such officer is
familiar with the facts related to the transaction being consummated and that
such officer certifies that such transaction 

 18
 

complies in all material respects with the provisions of this Section
16 and is being undertaken for a valid business purpose.

(e)   Prior
to, or concurrently with, the consummation of any such merger, sale of assets
or consolidation pursuant to Section 16(d), as applicable, the surviving or
succeeding Entity shall by written instrument in form and substance reasonably
acceptable to the Permitted Holder expressly assume the rights and obligations
of the applicable Contributor hereunder, whereupon such Entity shall be the
successor of all rights and obligations of the original applicable Contributor
hereunder, with the same effect as if it had been originally named herein.

(f)    The
Contributors shall be responsible for and shall pay upon demand all reasonable
costs and expenses incurred by the Permitted Holder (including reasonable legal
fees and expenses) in connection with the transactions proposed by the
Contributors pursuant to Section 16 (d) (whether or not such transaction is in
fact consummated).

(g)   Any
assignment in breach of this Section 16 shall be null and void, and shall not
transfer any interest in this Contribution Agreement to any other Entity.

17.  Governing Law; Submission to Jurisdiction; Injunction Default, etc..

(a)   This
Contribution Agreement, and the rights and obligations of the parties hereunder,
shall be governed by and construed in accordance with the laws of the State of
New York.

(b)   With
respect to claims, suits, actions, proceedings, and other disputes arising out
of, in respect of or relating to this Contribution Agreement (such claims,
suits, actions, proceedings, and other disputes, the “Claims”) against
any Contributor other than ABB Ltd or ABB Asea, each such Contributor hereby
irrevocably submits to the jurisdiction of the Bankruptcy Court for the
District of Delaware or the United States District Court for the District of
Delaware (the “Courts”), or, if both such Courts are not permitted under
applicable law to exercise jurisdiction with respect to the matter in question,
then at the sole election of the Permitted Holder to the jurisdiction of any
other federal or state court in the state, county and city of New York, New
York or in the county of New Castle or the city of Wilmington, Delaware.

With respect to Claims
against ABB Ltd or ABB Asea, all Claims shall be resolved at the sole election
of the Permitted Holder, and ABB Ltd and ABB Asea hereby irrevocably submit for
the limited purposes set forth in this paragraph only, to the jurisdiction of,
(A) if by a court, by a court of competent jurisdiction in Zürich, except that
a Claim or dispute relating to (i) a Contribution Payment Event of Default, or
(ii) a Contribution Non-Payment Event of Default, shall be resolved at the sole
election of Permitted Holder by the Courts, or, if both such Courts are not
permitted under applicable law to exercise jurisdiction with respect to the
matter in question, then at the election of the Permitted Holder in any federal
or state court in the state, county and city of New York, New York or in the
county of New Castle or the city of Wilmington, Delaware, or (B) pursuant to
binding arbitration under the Rules of Arbitration of the International Chamber
of Commerce by one or more arbitrators appointed in accordance with 

 19
 

said Rules (with proceedings conducted at the election
of the Permitted Holder in London or New York).

Subject to the preceding
paragraph, each of the parties to this Contribution Agreement hereby (x)
submits to the jurisdiction of the courts as and for the limited purpose
described above, and (y) agrees that any and all Claims may be brought, heard
and determined in such courts.

Each of the parties to
this Contribution Agreement agrees that venue shall be proper in such courts
and hereby waives any objection or defense which it may now or hereafter have
to the laying of venue in such courts, including any of the foregoing based
upon the doctrine of forum non conveniens.
Each of the parties hereto hereby agrees that all process which may be or be
required to be served in respect of any such Claim (including any pleading,
summons or other paper initiating any such suit, action, proceeding, claim or
dispute) may be served upon it, which service shall be sufficient for all
purposes, in the manner for the provision of notice under this Contribution
Agreement and shall be deemed in every respect effective service of process
upon such party when so given; provided, however, that service
upon ABB Ltd or ABB Asea of any Claim filed in either of the Courts, or any
other court in the United States or in respect of any arbitration shall be effective
only upon the following person being served on behalf of ABB Ltd and ABB Asea
(a) Theodore L. Freedman, Kirkland & Ellis LLP, 153 E. 53rd St., New York, New York 10022, Telefax
212-446-4900; or (b) the Director of Administration of Kirkland & Ellis LLP’s
New York office, Kirkland & Ellis LLP, 153 E. 53rd St., New York, New York 10022, Telefax
212-446-4900, or (c) as otherwise provided under applicable  law. Each of ABB Ltd and ABB Asea hereby
irrevocably appoints and designates the attorneys identified in (a) and (b)
above as its agents for service of process for the limited purpose set forth
herein.

(c)   For
the avoidance of doubt, it is the parties intent that nothing in this
Contribution Agreement (including Section 17(a) and Section 17(b) above) shall
have the effect of submitting any Entity of the ABB Group other than the
Contributors and the Permitted Holder (including any other Entity of the ABB
Group organized under the laws of a jurisdiction other than the laws of a state
of the United States) to the laws of the State of New York the State of
Delaware, the laws of the United States or the jurisdiction of the Courts or
other court exercising United States federal or state jurisdiction.

(d)   Nothing
in this Section 17 shall require ABB Ltd or ABB Asea to violate any provisions
of Swiss criminal law to which it may be subject.

(e)   If
at any time the Permitted Holder asserts that the Contributors have failed to
make a payment pursuant to Section 3, 4 or 10(c) of this Contribution
Agreement, which assertion is disputed by the Contributors reasonably and in
good faith, then notwithstanding anything else in this Contribution Agreement,
the payment of the disputed amount (not including any portion of the amount
that is not disputed) will not be due hereunder (and no Injunction Default will
be deemed to have occurred as a result of the failure to make payment of such
disputed amount) unless and until (i) the Permitted Holder and Contributors
agree that such disputed amount, or any portion thereof, is due, or (ii) the
Permitted Holder’s Claim with respect to such disputed amount is decided by a
Final Order of a court or arbitrator acting pursuant to

 20

this Section
17 against any Contributor (the amount, if any, agreed upon by the Permitted
Holder and the Contributors or determined by such court or arbitrator to be due
and payable to the Permitted Holder in respect of such dispute pursuant to a
Final Order, as applicable, the “Disputed Payment”) in which event (A)
such Disputed Payment will be deemed due and payable for all purposes only ten
(10) days after the relevant order became a Final Order of such court or
arbitrator, or after resolution of such dispute by agreement of the Permitted
Holder and the Contributors, as applicable; and (B) interest at the Default
Rate shall accrue on the Disputed Payment from the date such Disputed Payment
was originally due pursuant to this Contribution Agreement without regard to
any dispute (as agreed by the parties or as determined by the Final Order court
or arbitrator) until such Disputed Payment together with interest at the
Default Rate is paid in full. For the avoidance of doubt, no Injunction Default
will be deemed to have occurred as a result of the failure to make a payment in
respect of a disputed amount, unless and until the corresponding Disputed
Payment remains unpaid on the date set forth in (A) above.

(f)    No
Contribution Event of Default, Injunction Default or any other breach or
default under this Contribution Agreement shall result solely by reason of
Lummus not obtaining for any reason whatsoever approval from a bankruptcy court
pursuant to the Lummus Chapter 11 of its obligations under this Contribution
Agreement; provided, however, that nothing in this Section 17(f)
and no failure of a bankruptcy court to approve this Contribution Agreement in
the Lummus Chapter 11 shall discharge or otherwise limit, modify or affect the
liabilities or obligations of the Contributors (other than Lummus) to satisfy
and perform the other terms and conditions of this Contribution Agreement.

18.  Remedies. 
The parties hereto acknowledge and agree that due to the unique nature
of the transactions contemplated hereby money damages will not be an adequate
remedy for any breach of the provisions of this Contribution Agreement and that
any party hereto will have the right to injunctive relief or specific
performance, in addition to all of its other rights and remedies at law or in
equity, to enforce the provisions of this Contribution Agreement.

19.  Notices.  All
notices required or permitted under this Contribution Agreement must be in
writing and will be deemed to be delivered and received (i) if personally
delivered or if delivered by the United States Postal Service, facsimile or
courier service, when actually received by the party to whom notice is sent or
(ii) with respect to parties located other than within the United States, if
deposited with the United States Postal Service (whether actually received or
not), at the close of business on the third Business Day after the day when
placed in the mail, postage prepaid, certified or registered with return
receipt requested, addressed to the appropriate party or parties, at the address
of such party or parties set forth below (or at such other address as such
party may designate by written notice to all other parties in accordance with
this Section 19); provided that to be effective any notice to the Contributors
must also be sent via facsimile or via an internationally reputable courier
service to ABB Ltd or ABB Asea (which notice shall be effective whether or not
received by ABB Ltd or ABB Asea as long as received by the principal party
being given such notice in the manner set forth herein):

 21
 

 

	
  If to ABB Ltd or ABB

  Asea:

  

  

  Kirkland & Ellis LLP

   Citigroup Center

  153 E. 53rd Street

  New York, NY 10022-4675

  Attn: Theodore L. Freedman

  Facsimile: (212) 446-4900

  	
  With copies

  to, which

  shall not

  constitute

  notice:

  	
  ABB Ltd

  Affolternstrasse 44

  CH-8050 Zürich

  Switzerland

  

  Attn: General Counsel

  Facsimile: (41) 43-317-79-92

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  If
  to ABB Holdings, ABB

  Inc. and/or Lummus:

  

  

  c/o ABB Holdings, Inc.

  ABB Lummus Global Inc.

  501 Merritt 7, 6th Floor

  P.O. Box 5308

  Norwalk, CT 06856-5308

  Attn: General Counsel/Chief

  Financial Officer

  Facsimile: (203) 750-2307

  (if sending overnight

  packages use zip code

  06851)

  	
  With copies

  to, which

  shall not

  constitute

  notice:

  	
  ABB Ltd

  Affolternstrasse 44

  CH-8050 Zürich

  Switzerland

  

  Attn: General Counsel

  Facsimile: (41) 43-317-79-92

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Kirkland & Ellis LLP

  Citigroup Center

  153 E. 53rd Street

  New York, NY 10022-4675

  Attn: Theodore L. Freedman

  Facsimile: (212) 446-4900

  
	
   

  	
   

  	
   

  
	
  If
  to the Asbestos PI Trust:

  

  Combustion Engineering

  524(g) Asbestos PI Trust:

  c/o L. Tersigni Consulting,

  P.C.

  1010 Summer Street,

  Suite 201 Stamford, CT 06905

  Attn: Loreto T. Tersigni,

  Managing Trustee

  Facsimile: (203) 252-2562

  	
  With copies

  to, which

  shall not

  constitute

  notice:

  	
  Stutzman, Bromberg, Esserman &

  Plifka

  2323 Bryan Street, Suite 2200

  Dallas, TX 75201

  Attn: Sander L. Esserman

  Facsimile: (214) 969-4999

  

 

 22
 

20.          Costs and Expenses. The Contributors agree to
reimburse the Asbestos PI Trust upon demand all reasonable and direct
out-of-pocket costs and expenses, including all reasonable attorney’s fees and
expenses which may be incurred by the Asbestos PI Trust in enforcing this
Contribution Agreement or the Guarantees or protecting the rights of the
Asbestos PI Trust hereunder or thereunder.

21.          Amendments and Waivers.  Any provision of this Contribution Agreement
may be amended or waived only with the prior written consent of each of the
parties, or its successors and assigns, as applicable, hereto.

22.          Third Party Beneficiaries. The Contributors agree
and acknowledge that, until such time as the Asbestos PI Trust is not the
Permitted Holder, the trustees of the Asbestos PI Trust are third party
beneficiaries of this Contribution Agreement, with full right, power and
authority to enforce the Asbestos PI Trust’s rights under this Contribution
Agreement.

 23

23.         English
Language.  This
Contribution Agreement is executed and shall be construed in the English
language, and the English language version shall prevail over all others.  All instruments, agreements, certificates,
opinions and other documents to be furnished or communications to be given or
made under the Contribution Agreement shall be in the English language.

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

	
   

  	
  ABB LTD

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ J.G. Scriven

  	
  /s/

  	
  Francois P. Champagne

  
	
   

  	
   

  	
  Name:

  	
   John Scriven

  	
   

  	
  Francois P. Champagne

  
	
   

  	
   

  	
  Title: 

  	
   General
  Counsel

  	
   

  	
  Senior Counsel

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ABB HOLDINGS INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ John Brett

  
	
   

  	
   

  	
  Name:

  	
   John Brett

  
	
   

  	
   

  	
  Title:

  	
   Vice President,
  Secretary and General Counsel

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ABB INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ E. Barry
  Lyon

  
	
   

  	
   

  	
  Name:

  	
   E. Barry Lyon

  
	
   

  	
   

  	
  Title:

  	
   Assistant
  Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ABB LUMMUS GLOBAL INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ MJ Ford 

  
	
   

  	
   

  	
  Name:

  	
   MJ Ford

  
	
   

  	
   

  	
  Title:

  	
   Vice President
  and Controller

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ABB ASEA BROWN BOVERI LTD

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ J.G. Scriven 

  	
  /s/

  	
  Francois P. Champagne

  
	
   

  	
   

  	
  Name:

  	
   John Scriven 

  	
  Francois P. Champagne

  
	
   

  	
   

  	
  Title:

  	
   General
  Counsel

  	
  Senior Counsel

  

 

 

	
  

  	
  ABB TREASURY CENTER (USA) INC. (SOLELY

  FOR PURPOSES OF SECTIONS 10(a), 10(b), 10(c),

  10(d) and 10(g)).

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Daniel Hagmann

  
	
   

  	
   

  	
  Name:

  	
  Daniel Hagmann

  
	
   

  	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  COMBUSTION ENGINEERING 524(g) ASBESTOS PI

  TRUST

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Ken M. Kawaichi

  
	
   

  	
   

  	
  Name:

  	
  Hon. Ken M. Kawaichi (retired)

  
	
   

  	
   

  	
  Title:

  	
  Trustee

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Ellen S. Pryor

  
	
   

  	
   

  	
  Name:

  	
  Ellen S. Pryor

  
	
   

  	
   

  	
  Title:

  	
  Trustee

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/  Loreto T.
  Tersigni

  
	
   

  	
   

  	
  Name:

  	
  Loreto T. Tersigni

  
	
   

  	
   

  	
  Title:

  	
  Trustee

  

 

Exhibit A

Organizational ChartExhibit 4.14

PROMISSORY NOTE

	
  Up to $350,000,000

  	
  Dated: April 20,
  2006

  

 

FOR VALUE RECEIVED, the undersigned, ABB Inc., a corporation
organized under the laws of Delaware (“ABB Inc.”), and ABB Ltd, a
company formed under the laws of Switzerland (“ABB”) (each of ABB Inc.
and ABB a “Maker” and, together, the “Makers”), hereby jointly
and severally promise to pay to the Combustion Engineering 524(g) Asbestos PI
Trust, a Delaware statutory trust (the “Asbestos PI Trust”), the
principal amount of up to THREE HUNDRED FIFTY
MILLION DOLLARS ($350,000,000) (which amount shall not accrue
interest except as otherwise specifically set forth in Section 1.4 herein) on
the dates, in the manner and subject to the conditions set forth in this
Promissory Note (this “Note”). All dollar amounts specified in this Note
are expressed in Dollars. Certain capitalized terms used herein are defined in
Section 3.13 of this Note.

This Note is being issued pursuant to the Plan and the ABB and
Non-Debtor Affiliate Settlement Agreement dated as of the date hereof among the
Makers, ABB Holdings Inc., as successor in interest by merger to Asea Brown
Boveri Inc., Combustion Engineering, Inc. and the Asbestos PI Trust, and
constitutes the “ABB Promissory Note” defined and described therein. This Note
and the obligations and indebtedness documented herein and evidenced hereby are
effective as of the Effective Date.

1.     Payments

1.1.  The Makers shall pay to the
Permitted Holder the following amounts:

(a)                                  Fixed
Payments (each, a “Fixed Payment”):

(i)            $50,000,000
in the aggregate, payable in equal installments on the last Business Day of
each fiscal quarter of Fiscal Year 2006 occurring after the Effective Date, provided,
however, that if the Effective Date occurs on or after the last Business
Day of the third fiscal quarter of Fiscal Year 2006, but on or before the last
Business Day of Fiscal Year 2006, then such $50,000,000 shall be payable in
full on such last Business Day of Fiscal Year 2006;

(ii)           $100,000,000
in the aggregate, payable in equal installments on the last Business Day of
each fiscal quarter of Fiscal Year 2007; and

(iii)          $100,000,000
in the aggregate, payable in equal installments on the last Business Day of
each fiscal quarter of Fiscal Year 2008.

(b)                                 Contingent
Payments (each, a “Contingent Payment”):

(i)            Contingent
Payment 1: a $25,000,000 payment (contingent only as to the time of
payment), payable at the earliest of:

 1

 

	
  (A)

  	
  180 days after
  the last Business Day of Fiscal Year 2007 if an EBIT Margin Event has
  occurred in respect of Fiscal Year 2007,

  
	
   

  	
   

  
	
  (B)

  	
  180 days after
  the last Business Day of Fiscal Year 2007 if ABB has declared and paid a cash
  dividend in respect of Fiscal Year 2007,

  
	
   

  	
   

  
	
  (C)

  	
  180 days after
  the last Business Day of any Fiscal Year after the date hereof in respect of
  which the EBIT Margin is equal to or greater than 8%, or

  
	
   

  	
   

  
	
  (D)

  	
  the last
  Business Day of Fiscal Year 2012;

  

 

(ii)           Contingent
Payment 2: a $25,000,000 payment (contingent only as to the time of
payment), payable at the earliest of:

	
  (A)

  	
  180 days after
  the last Business Day of Fiscal Year 2008 if an EBIT Margin Event has
  occurred in respect of Fiscal Year 2008,

  
	
   

  	
   

  
	
  (B)

  	
  180 days after
  the last Business Day of Fiscal Year 2008 if ABB has declared and paid a cash
  dividend in respect of Fiscal Year 2008,

  
	
   

  	
   

  
	
  (C)

  	
  180 days after
  the last Business Day of any Fiscal Year after the date hereof in respect of
  which the EBIT Margin is equal to or greater than 8%, or

  
	
   

  	
   

  
	
  (D)

  	
  the last
  Business Day of Fiscal Year 2012;

  

 

(iii)          Contingent
Payment 3: a contingent $25,000,000 payment, payable if (and only if)
either of the following events occurs:

	
  (A)

  	
  if an EBIT
  Margin Event has occurred in respect of Fiscal Year 2009, in which case the
  payment will be made 180 days after the last Business Day of Fiscal Year
  2009; or

  
	
   

  	
   

  
	
  (B)

  	
  if the EBIT
  Margin is equal to or greater than 14.00% in respect of Fiscal Year 2010, in
  which case the payment will be made 180 days after the last Business Day of
  Fiscal Year 2010; and

  

 

	
  

  	
  (iv)

  	
  Contingent Payment 4: a contingent
  $25,000,000 payment, payable within 180 days after the last Business Day of
  Fiscal Year 2010 if (and only if) an EBIT Margin Event has occurred in
  respect of Fiscal Year 2010.

  
	
   

  	
   

  	
   

  
	
   

  	
  (c)

  	
  Contingent Payments Annual Cap:
  Notwithstanding anything contained in this Note, and except upon acceleration
  pursuant to Section 2.2(i), the Makers shall not be obligated to make
  aggregate Contingent Payments in any Fiscal Year in excess of $50,000,000
  (the “Contingent Payments Annual Cap”); provided, however,
  that payment of any Contingent

  

 

 

Payment amount
that is not paid because of the application of the Contingent Payments Annual
Cap shall be deferred until, and paid on, the earlier of (i) 180 days after the
last Business Day of the next Fiscal Year in which the EBIT Margin Event
applicable to such next Fiscal Year occurs; or (ii) the last Business Day of
2012.

Nothing in this Section 1.1(c) shall be construed to cause any of the
Contingent Payments provided for in Section 1.1(b)(iii) and (iv) to be due and
payable unless such payments are otherwise due and payable in accordance with
Section 1.1(b)(iii) and (iv), as applicable.

1.2. Method of Payment; Payments on Business Days.  The Makers shall pay, or cause to be paid by
a Permitted Payor, all amounts due hereunder in Dollars, by wire transfer of
immediately available funds, to the account set forth in Section 3.2, or such
other account designated in writing for such payments by the Permitted Holder
from time to time. The Permitted Holder shall designate any change to such
account pursuant to a written notice provided to the Makers in accordance with
Section 3.2 hereof not less than 30 days before the due date for a payment
hereunder.  Whenever any payment to be
made under this Note shall be stated to be due on a day that is not a Business
Day, notwithstanding any provision to the contrary such payment shall be due on
the next succeeding Business Day.

	
  1.3. Prepayments.

  
	
   

  	
   

  
	
  (a)

  	
  The Makers (and any Permitted Payor) may make prepayments of all
  or any portion of any amounts that will become payable under this Note at any
  time before such amounts are due, without premium, penalty or discount.

  
	
   

  	
   

  
	
  (b)

  	
  The Makers’ obligation to make all or any portion of any
  payments under this Note may be satisfied by direct payment of such amounts
  by a Permitted Payor.

  
	
   

  	
   

  
	
  (c)

  	
  To the extent any amount due hereunder is timely paid by a
  Permitted Payor, the Makers’ obligations in respect of the amounts paid shall
  be deemed satisfied and no Event of Default shall occur hereunder in respect
  of such amounts paid.

  

 

1.4. Default Rate. 
If any payment pursuant to this Section 1 due under this Note is not
received by the Permitted Holder on the date such payment was originally due,
other than as a result of the application of the Contingent Payment Annual Cap,
the Makers shall pay to the Permitted Holder interest on such payment, and such
interest shall accrue from and after the due date at a fixed rate equal to the
Prime Rate plus four percent (4%) per annum (the “Default Rate”).  Interest shall continue to accrue until the
past due payment (and all interest thereon) has been paid in full and shall be
payable without demand by the Permitted Holder.

1.5. Guaranties. 
This Note, and the indebtedness and other obligations evidenced hereby,
are guaranteed by guaranties made by each of (each of the following is referred
to herein as a “Guarantor”) (i) ABB Asea Brown Boveri Ltd, a company
formed under the laws of Switzerland, (ii) ABB Holdings Inc., a corporation
formed under the laws of Delaware, (iii) ABB Turbo Systems Holding Ltd, a
company formed under the laws of Switzerland (“Turbo”) and (iv) ABB
Participation AB, a company formed under the laws of Sweden (collectively, the

 

“Guaranties” and
individually, a “Guaranty”).  Each
Guaranty, except as limited by bankruptcy law and other laws generally affecting
the rights of creditors and principles of equity, is enforceable only in
accordance with its terms, and specifically: (i) ABB Asea Brown Boveri Ltd’s
Guaranty guarantees the obligations of the Makers under this Note, except that
to the extent ABB Asea Brown Boveri Ltd’s Guaranty guarantees ABB’s obligations
hereunder, its enforceability is limited by applicable Swiss law; (ii) Turbo’s
Guaranty guarantees the obligations of the Makers under this Note, except that
to the extent Turbo’s Guaranty guarantees the Makers’ obligations, its
enforceability is limited by applicable Swiss law; and (iii) ABB Participation
AB’s Guaranty guarantees only the obligations of ABB under this Note. As of the
date hereof, the Asbestos PI Trust is entitled to all of the benefits provided
in the Guaranties.  Each Guarantor will
cease to be a guarantor for purposes of this Note upon termination of the
applicable Guaranty as explicitly permitted, and in compliance with the terms
of, the applicable Guaranty.

2.     Events
of Default — Remedies.

2.1. Event of Default. 
For purposes of this Note, an “Event of Default” shall be deemed to have
occurred if:

(i)            Any amount owed by
the Makers pursuant to the terms of Section 1.1 of this Note is not paid on the
due date therefor, which amount continues unpaid for ten (10) days after such
due date;

(ii)           Any of the
Guaranties shall (A) cease to be in full force and effect and enforceable, in
each case, in accordance with its terms for any reason whatsoever, or (B) any
Guarantor shall in writing contest or deny the validity or enforceability of
its obligations under a Guaranty; provided, however, that no
Event of Default shall occur pursuant to this Section 2.1(ii) (x) to the extent
that (A) or (B) above occur as a result of a Guarantor merging with or into,
selling all or substantially all of its assets to, reorganizing, or otherwise
consolidating with another Entity as explicitly permitted, and in compliance
with the terms of, the applicable Guaranty, or (y) as a result of a sale or
other disposition of Turbo and the resulting termination of the Guaranty
provided by Turbo and Turbo’s obligations as a Guarantor, as provided in
Section 17(g) of the Guaranty executed by Turbo;

(iii)          any material
representation or warranty contained in this Note proves to have been incorrect
in any material respect when made or deemed made, and the principal and accrued
interest, if any, on this Note has not been paid within 20 days after receipt
of written notice of such error from the Permitted Holder;

(iv)          either a Maker or a
Guarantor (a) becomes unable or fails to pay its debts generally as they become
due, (b) admits in writing its respective inability to pay debts generally, or
(c) makes a composition agreement with creditors or a general assignment for
the benefit of creditors;

(v)           any proceeding is
instituted by or against a Maker or a Guarantor (a) seeking to adjudicate it
bankrupt or insolvent, or seeking reorganization, arrangement, adjustment or
composition of it or its debts under any law relating to bankruptcy, insolvency
or

 

reorganization or relief
of debtors, or (b) seeking appointment of a receiver, trustee, or other similar
official for it or for any substantial part of its property, or a Maker or a
Guarantor takes any action to authorize or consent to any action described in
this clause (v), provided, however, with respect to any petition
filed against a Maker or a Guarantor in any insolvency case under any
bankruptcy laws, no Event of Default shall be deemed to occur unless such
preceding is not dismissed within sixty (60) days of its filing;

(vi)          a Final Order shall
determine that an Injunction Default has occurred; provided, however,
that an Event of Default pursuant to this Section 2.1(vi) shall not occur
unless the Asbestos PI Trust is the Permitted Holder at the time the relevant
order became a Final Order; or

(vii)         to the extent not
otherwise provided for under clauses (i) through (vi) of this Section 2.1, any
Maker or Guarantor violates or fails to perform or observe any covenant, term
or condition of this Note or the relevant Guaranty, as applicable, which
remains unremedied for a period of forty (40) days after receipt of written
notice thereof sent by Permitted Holder to each Maker or Guarantor, as
applicable.

2.2. Remedies during the Continuance of an Event of Default.  (a) If an Event of Default has occurred and
is continuing:

(i)            all payments
provided for under Section 1.1 hereof shall become immediately due and payable
on the twentieth (20th) day after written demand by the
Permitted Holder of this Note has been given to the Makers, except that

(A)  with respect to the event described Section 2.1(ii), if
a replacement guaranty by an Entity reasonably satisfactory to the Permitted
Holder has been provided on or prior to the end of such twentieth (20th) day the payments provided for
under Section 1.1. shall not be immediately due and payable and no Event of
Default shall be deemed to have occurred;

(B)  with respect to the events described in Section 2.1(iv),
if an Entity reasonably satisfactory to the Permitted Holder to replace such
Maker or Guarantor has been provided on or prior to the end of such twentieth
(20th) day, the payments provided for under Section 1.1. shall not
become immediately due and payable and no Event of Default shall be deemed to
have occurred; and

(C)  with respect to the occurrence of the events described
in Section 2.1(v), all payments provided for under Section 1.1 shall become
immediately due and payable upon the occurrence thereof, without notice or
demand of any kind;

and provided, that with respect to the Contingent Payments
provided for under Sections 1.1(b)(iii) and (iv), such amounts shall only be
deemed immediately due and payable hereunder if, as of the date of the Event of
Default, such payment is due and no longer contingent in accordance with the
terms and conditions of Sections 1.1(b)(iii) and (iv) respectively;

 

(ii)           with respect to any
Contingent Payment provided for under Sections 1.1(b)(iii) and (iv) that is not
yet due and remains contingent in accordance with the terms and conditions of
such Sections 1.1(b)(iii) and (iv) as of the date of the Event of Default, the
Permitted Holder may require, as of the date of the Event of Default, that the
Makers or any Guarantor provide reasonable additional security for such payment
obligations (which continue notwithstanding such Event of Default), which may
include a letter of credit or other security reasonably acceptable to the
Permitted Holder; and

(iii)          the Permitted
Holder of this Note may take whatever action at law or in equity, including
remedies set forth in the Guaranties, that in its discretion may be necessary
or desirable to collect amounts then due and thereafter to become due, or to
enforce performance and observance of any obligation, agreement or covenant of
the Makers under this Note or of the Guarantors under the Guaranties.

(b)           Upon the occurrence of an Event of Default, the Permitted
Holder of this Note shall be entitled to recover promptly upon demand by the
Permitted Holder all reasonable out-of-pocket costs and expenses (including
reasonable attorneys’ fees and expenses) incurred by the Permitted Holder or
its representatives in connection with the enforcement of this Note or the
taking of any actions or the exercise of remedies (whether by law or in equity)
to collect on this Note and any indebtedness evidenced hereby, or the taking of
any actions or the exercise of remedies to collect on any obligations of a
Maker hereunder.

(c)           The remedies set herein provided are cumulative with, and
not exclusive of, any remedies provided by law, in equity or otherwise
available pursuant to any other Plan Document.

2.3. Reinstatement. 
Notwithstanding any provision herein to the contrary, each Maker   agrees that, to the extent that any Entity
(including any Permitted Payor) makes a payment or payments to the Permitted
Holder on account of any amount(s) due under this Note (whether in respect of
Fixed Payments, Contingent Payments, default interest, costs and expenses or
otherwise), or the Permitted Holder receives any proceeds of collateral (if
any), securing any such amount(s), which payments or proceeds or any part
thereof are subsequently invalidated, declared to be fraudulent or
preferential, set aside and/or required or agreed to be repaid or returned by
the Permitted Holder under any bankruptcy law, state or federal law, common
law, equitable cause, then, to the extent of the amount of such payments and
proceeds, this Note and the indebtedness represented hereby which has been
paid, reduced or satisfied by such amount shall be reinstated and continued in
full force and effect as of the time immediately preceding such initial
payment, reduction or satisfaction.

2.4. Limitation on Injunction Default. An Event of Default
pursuant to this Note will not cause or be the basis for an Injunction Default
pursuant to the Plan if at the time such Event of Default has occurred the
Asbestos PI Trust is not the Permitted Holder.

3.     Miscellaneous.

3.1. Representations and Warranties of the Makers.

	
  (a)

  	
  Each Maker represents and warrants, as of the Effective Date
  that the execution and delivery of this Note has been authorized by such
  Maker’s board of directors,

  

 

 

	
  

  	
  as required, and by any necessary vote or consent of the
  stockholders of such Maker.

  
	
   

  	
   

  
	
  (b)

  	
  This Note is a legal, valid and binding obligation of such
  Maker, enforceable in accordance with its terms, except as enforceability may
  be limited by applicable bankruptcy, insolvency, reorganization, moratorium
  or similar laws affecting the enforcement of creditors’ rights generally and
  by general equitable principles (whether enforcement is sought by proceedings
  at law or in equity).

  
	
   

  	
   

  
	
  (c)

  	
  The execution, delivery and performance by such Maker of this
  Note does not conflict with, result in a breach of any of the provisions of,
  or constitute an event of default under, the certificate of incorporation or
  articles of incorporation, or the by-laws, of such Maker, or any material
  contract by which such Maker is bound or any applicable material law or
  material order, rule or regulation of any court or governmental agency having
  jurisdiction over such Maker.

  
	
   

  	
   

  
	
  (d)

  	
  No material order, permission, consent, approval, license,
  authorization, registration or filing by or with any governmental agency
  having jurisdiction over such Maker is required for the execution and
  delivery of this Note, other than for such material orders, permissions,
  consents, approvals, licenses, authorizations, registrations or filings that
  have been obtained and are in force and effect as of the date hereof.

  
	
   

  	
   

  
	
  (e)

  	
  The provisions of Section 3.9 hereof (other than Section
  3.9(vi)), as applied to ABB do not contravene any mandatory provisions of
  applicable Swiss law to which such ABB may be subject.

  

 

3.2. Notices.  All
notices required or permitted under this Note must be in writing and will be
deemed to be delivered and received (i) if personally delivered or if delivered
by the United States Postal Service, facsimile or courier service, when
actually received by the party to whom notice is sent or (ii) except for
notices to ABB, if deposited with the United States Postal Service (whether
actually received or not), at the close of business on the third Business Day
next following the day when placed in the mail, postage prepaid, certified or
registered with return receipt requested, addressed to the appropriate party or
parties, at the address of such party or parties set forth below (or at such
other address as such party may designate by written notice to all other
parties in accordance with this Section 3.2); provided that to be effective any
notice to ABB hereunder must also be given to ABB Inc. and any notice to ABB
Inc. must also be given to ABB:

 

	
  If to the
  Permitted Holder:
 Combustion
  Engineering 524(g) Asbestos PI Trust:

  c/o L. Tersigni Consulting, P.C.

  1010 Summer Street, Suite 201

  Stamford, CT 06905

  Attn: Larry Tersigni, Managing

  Trustee

  Facsimile: (203) 252-2562

  	
  copies to:

  	
  Stutzman,
  Bromberg

  Esserman & Plifka

  2323
  Bryan Street, Suite 2200

  Dallas, TX 75201

  Attn: Sander L. Esserman

  Facsimile: (214) 969-4999

  
	
   

  	
   

  	
   

  
	
  Permitted Holder’s wire info:
 Transfer of Federal Funds

  JPMorganChase

  ABA No. 021000021

  A/C = 900-9-000176

  BBK = JPMorganChase

  A/C: Account # P87485

  BNF: Combustion Engineering

  Asbestos Trust

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  If to ABB Inc.:

  ABB Inc.

  501 Merritt 7, 6th Floor

  P. O. Box 5308

  Norwalk, CT 06856-5308

  Attn: General Counsel/
          Chief Financial Officer
  Facsimile: (203) 750-2307

  (if sending overnight packages

  use zip code 06851)

  	
  With copies to,
  which shall not constitute notice:

  	
  Kirkland &
  Ellis LLP

  Citicorp Center

  153 E. 53rd Street

  New York, NY 10022-4675

  Attn: Theodore L. Freedman

  Facsimile: (212) 446-4900

  
	
   

  	
   

  	
  ABB Ltd

  Affolternstrasse 44

  CH-8050 Zürich

  Switzerland

  Attn: General Counsel/
          Chief Financial Officer

  Facsimile: (41) 43-317-79-92

  

 

 

	
  If to ABB:

  Kirkland & Ellis LLP

  Citicorp Center

  153 E. 53rd Street

  New York, NY 10022-4675

  Attn: Theodore L. Freedman

  Facsimile: (212) 446-4900

  	
  With copies to,
  which shall not constitute notice:

  	
  ABB Ltd

  Affolternstrasse 44

  CH-8050 Zürich

  Switzerland

  Attn: General Counsel/Chief

  
	
  Financial Officer

  
	
  Facsimile: (41)
  43-317-79-92

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  ABB Inc.

  501
  Merritt 7, 6th Floor

  P.O. Box 5308

  Norwalk, CT 06856-5308

  Attn: General Counsel/Chief

  Financial Officer

  Facsimile: (203) 750-2307

  (if sending overnight packages use zip
  06851)

  

 

3.3. Waiver of Presentment. Etc.  Each of the Makers hereby waives acceptance,
presentment and demand for payment, notice of dishonor, protest and notice of
protest of this Note. Each Maker hereby waives the pleading of any statute of
limitations as a defense to any demand hereunder against such Maker.

3.4. Cancellation Upon Payment in Full. Promptly upon
payment in full of all amounts owed to the Permitted Holder hereunder, the
Permitted Holder shall return this Note to either Maker marked “cancelled”, and
shall otherwise execute and deliver all such documents as reasonably requested
by the Makers, at the Makers’ cost and expense, to fully document the payment
of all obligations hereunder.

3.5. Waivers.  No
delay on the part of the Permitted Holder in exercising any right or remedy
under this Note or failure to exercise the same shall operate as a waiver in
whole or in part of any such right or remedy.

3.6. Captions.  The
captions of the sections and subsections of this Note have been inserted for
convenience only and shall not in any way affect the meaning or construction of
any provision of this Note.

3.7. Severability. 
If any term of this Note shall be held to be invalid, illegal or
unenforceable, the validity, legality and enforceability of all other terms
hereof shall in no way be affected thereby.

3.8. Binding Nature. 
This Note shall be binding upon the Makers and their successors and permitted
assigns and shall inure to the benefit of the Permitted Holder, and its
successors and permitted assigns.

 

3.9. Governing Law; Jurisdiction.

(i)            This Note and the
rights and obligations of the parties hereto shall be construed in accordance
with the laws of the State of New York, without giving effect to any choice or
conflict of law provision or rule (whether of the State of New York or any
other jurisdiction) that would cause the application of the laws of any
jurisdiction other than the State of New York.

(ii)           With respect to
claims, suits, actions, proceedings, and other disputes arising out of, in
respect of or relating to this Note (such claims, suits, actions, proceedings,
and other disputes, the “Claims”) against any Maker other than ABB, each
such Maker hereby irrevocably submits to the jurisdiction of the Bankruptcy
Court for the District of Delaware or the United States District Court for the
District of Delaware (the “Courts”), or, if both such Courts are not
permitted under applicable law to exercise jurisdiction with respect to the
matter in question then, at the sole election of the Permitted Holder, to the
jurisdiction of any other federal or state court in the state, county and city
of New York, New York and in the County of New Castle or the city of
Wilmington, Delaware.

(iii)          With respect to
Claims against ABB, all Claims shall be resolved at the sole election of the
Permitted Holder, and ABB hereby irrevocably submits for the limited purposes
set forth below in this paragraph only, to the jurisdiction of, (a) if by a
court, by a court of competent jurisdiction in Zürich, except that a Claim or
dispute relating to an Event of Default shall be resolved at the sole election
of Permitted Holder by the Courts, or, if both such Courts are not permitted
under applicable law to exercise jurisdiction with respect to the matter in
question then, at the election of the Permitted Holder, in any federal or state
court in the state, county and city of New York, New York or in the County of
New Castle or the city of Wilmington, Delaware, or (b) pursuant to binding
arbitration under the Rules of Arbitration of the International Chamber of
Commerce by one or more arbitrators appointed in accordance with said Rules
(with proceedings conducted at the election of the Permitted Holder, in London
or New York).

(iv)          Subject to the
preceding paragraph, each of the parties to this Note Agreement hereby (a)
submits to the jurisdiction of the courts as and for the limited purpose
described above, and (b) agrees that any and all Claims may be brought, heard
and determined in such courts.

(v)           Each of the Makers
and the Permitted Holder agrees that venue shall be proper in such courts and
hereby waives any objection or defense which it may now or hereafter have to
the laying of venue in such courts, including any of the foregoing based upon
the doctrine of forum non conveniens.
Each of Makers and the Permitted Holder hereby agrees that all process which
may be or be required to be served in respect of any such Claim (including any
pleading, summons or other paper initiating any such suit, action, proceeding,
claim or dispute) may be served upon it, which service shall be sufficient for
all purposes, in the manner for the provision of notice under this Note and
shall be deemed in every respect effective service of process upon such party
when so given; provided, however, that service upon ABB of any Claim filed in
either of the Courts, or any other court in the United States or in respect of
any arbitration shall be effective only upon one of the following persons being
serviced on behalf of ABB Ltd: (a) Theodore L. Freedman, Kirkland & Ellis
LLP, 153 E. 53rd St., New York, New York 10022, Telefax 212-446-4900; (b) the
Director of Administration of Kirkland & Ellis LLP’s New York

 

office, Kirkland &
Ellis LLP, 153 E. 53rd St., New York, New York 10022, Telefax 212-446-4900, or
(c) as otherwise provided under applicable law. ABB hereby irrevocably appoints
and designates the attorneys identified in (a) and (b) above as its agents for
service of process for the limited purpose stated herein.

(vi)          Nothing in this
Section 3.9 shall require ABB to violate any provisions of Swiss
criminal law to which it may be subject.

(vii)         If at any time the
Permitted Holder asserts that (A) the Makers have failed to make a Contingent
Payment, which assertion is disputed by the Makers based upon the Makers’
reasonable assertion in good faith that an EBIT Margin Event has not occurred,
or in the case of any of the Contingent Payments pursuant to Section
1.1(b)(i)(B) or 1.1 (b)(ii)(B), that ABB has not declared and paid a cash
dividend as described therein, or, in the case of any of the Contingent
Payments pursuant to Section 1.1(b)(i)(C), 1.1(b)(ii)(C) or 1.1(b)(iii)(B),
that the EBIT Margin set forth therein has not been achieved or as a result of
a good faith dispute in connection with the exercise of remedies pursuant to
Section 2.2; then notwithstanding anything else in this Note, the payment of
the disputed amount will not be due hereunder (and no Injunction Default will
be deemed to have occurred as a result of the failure to make payment of such
disputed amount) unless and until (i) the Permitted Holder and Makers agree
that such disputed amount, or any portion thereof, is due, or (ii) the Permitted
Holder’s Claim with respect to such disputed amount is decided by a Final Order
of a court or arbitrator acting pursuant to this Section 3.9 against the Makers
(the amount, if any, agreed upon by the Permitted Holder and the Makers or
determined by such court or arbitrator to be due and payable to the Permitted
Holder in respect of such dispute pursuant to a Final Order, as applicable, the
“Disputed Payment”) in which event (x) such Disputed Payment will be
deemed due and payable for all purposes only ten (10) days after the relevant
order became a Final Order of such court or arbitrator, or after resolution of
such dispute by agreement of the Permitted Holder and the Makers, as
applicable; and (y) interest at the Default Rate shall accrue on the Disputed
Payment from the date such Disputed Payment was originally due pursuant to this
Note without regard to any dispute (as agreed by the parties or as determined
by the Final Order of a court or arbitrator) until such Disputed Payment
together with interest at the Default Rate is paid in full. For the avoidance
of doubt, no Injunction Default will be deemed to have occurred as a result of
the failure to make a payment in respect of a disputed amount, unless and until
the corresponding Disputed Payment remains unpaid on the date set forth in (x)
above.

3.10.        No Modification
Except in Writing.  Neither this Note
nor any provisions hereof may be waived, modified, amended, discharged or
terminated except by an instrument signed by the Makers and the Permitted Holder,
and then only to the extent set forth in such instrument.

3.11.        Gender/Number.  As used in this Note, the masculine shall
include the feminine and neuter and vice versa; the singular shall include the
plural and the plural shall include the singular, as the context may require.

3.12.        Non-transferable.
Neither the Asbestos PI Trust nor any Permitted Holder may assign nor transfer
any of its rights or obligations under this Note without the prior written
consent of the Makers (such consent not to be unreasonably withheld,
conditioned or delayed); provided, however, that (A) the Asbestos
PI Trust or a Permitted Holder, as applicable, shall

under no circumstance
(including upon the occurrence and during the continuance of an Event of
Default) be permitted to assign or transfer less than all of the Permitted
Holder’s rights and obligations under this this Note, and any assignment must
be made in compliance with federal, state and other securities laws, (B)
following any assignment or transfer by the Asbestos PI Trust, no failure by
any Maker to perform any of its obligations under this Note shall cause or be
the basis for an Injunction Default; and (C) the consent of the Makers shall
not be required for any assignment or transfer consummated after the occurrence
of an Event of Default (unless the Event of Default has been cured or the
effects of such Event of Default have been expressly waived in writing).

Any
assignment in breach of this Section 3.12 shall be null and void, and shall not
transfer any interest in this Note to any other Entity. ABB Inc. shall maintain
a register on which it records the name and address of the Permitted Holder and
the principal amount of and interest, if any, on this Note from time to time.

3.13.        Definitions.  The following capitalized terms used herein
shall have the meanings set forth below:

“ABB” has the meaning set forth in the preamble.

“ABB Group” means
ABB and its Subsidiaries from time to time.

“ABB Inc.” has the meaning set forth in the preamble.

“Asbestos PI Trust” has the meaning set forth in the
preamble.

“Business Day” means any day other than a Saturday, Sunday,
or other day on which banks are authorized or required to close in New York,
New York or Zürich, Switzerland.

“Claims” has the meaning set forth in Section 3.9(ii)
hereof.

“Contingent Payment Annual Cap” has the meaning set forth
in Section 1.1(c).

“Default Rate” has the meaning set forth in Section 1.4.

“Dollars” means the lawful currency of the United States of
America.

“EBIT” means earnings before interest and taxes
as reflected in the Financial Statements.

“EBIT Margin Event” shall occur with respect to
a Fiscal Year if ABB’s ratio of EBIT to “revenues” for such Fiscal Year (as
reflected in the corresponding line item in the Financial Statements) (such
ratio, the “EBIT Margin”) is greater than or equal to (i) 8.0% in the
case of Fiscal Year 2007 and Fiscal Year 2008, (ii) 9.0% in the case of Fiscal
Year 2009; (iii) 9.5% in the case of Fiscal Year 2010.

“Effective Date” has the meaning set forth in the Plan.

 

“Entity” means any
individual, corporation, limited liability company, partnership, association,
joint stock company, joint venture, estate, trust, unincorporated organization
or government or any political subdivision thereof, or other person.

“Event of Default” has the meaning set forth in Section 2.1
hereof.

“Final Order” has the meaning set forth in the Glossary.

“Financial Statements”
means the annual audited consolidated financial statements of ABB for the
relevant period, prepared applying United States generally accepted accounting
principles, as approved by the shareholders of ABB in accordance with
applicable law.

“Glossary” means the
Glossary of Terms for the Plan Documents Pursuant To Combustion Engineering
Inc.’s Plan of Reorganization as modified through October 7, 2005, adopted
pursuant to the Plan.

“Guaranties” has
the meaning set forth in Section 1.5 hereof.

“Guarantor” has the
meaning set forth in Section 1.5 hereof.

“Injunction Default”
has the meaning set forth in the Glossary.

“Maker” or “Makers” has the meaning set forth in the
preamble.

“Note” has the meaning set forth in the preamble.

“Plan” means the Combustion Engineering, Inc.’s Plan of
Reorganization as modified through October 7, 2005 as amended, supplemented, or
otherwise modified from time to time in accordance with its terms, and the
exhibits, and schedules to the foregoing, as the same may be in effect from
time.

“Plan Document” has the meaning set forth in the Glossary.

“Permitted Holder”
means, as of any date of determination, the Asbestos PI Trust, or any assignee
thereof that has acquired all of the interests in the Note pursuant to Section
3.12 hereof, as applicable on such date.

“Permitted Payor” means a Guarantor, any affiliate of a
Guarantor, or any other Entity  (other
than the Makers) acting on behalf of, or designated by, the Makers or a
Guarantor, provided that Guarantor, any affiliate of Guarantor or other
Entity can make the relevant payment without such payment being subject to rescission,
avoidance, return or recovery on account of applicable fraudulent transfer,
preference or other similar laws, or for any other reason.

“Plan” has the meaning set forth in the Glossary.

 

“Prime Rate” means as of any date of determination, the
rate publicly announced on such date as the daily “prime rate” by The Wall
Street Journal (National Edition) for transactions in Dollars.

“revenues” means, for any Fiscal Year, the consolidated
revenues of ABB and its subsidiaries for such Fiscal Year, as reflected in the
Financial Statements.

“Subsidiary” has the meaning set forth in the Glossary.

“Turbo” has the meaning set forth in Section 1.5 hereof.

Unless otherwise indicated, the term “including” means “including
without limitation”, except when used in the computation of time periods.

For purposes of the computation of time periods, whenever this
Note provides for an event to occur “within” a specified number of days of a preceding
event, it shall mean that the latter event shall occur before the close of
business on the last of the specified days, and the day on which the preceding
event occurs shall not be included in the computation of days elapsed.  The word “from” means “from and including”, “after”
means “after and excluding”, “to” and “until” means “to and including”.

3.14.        Third Party Beneficiary.  Each of the Makers hereby agrees and
acknowledges that, until such time when the Asbestos PI Trust is not the
Permitted Holder, the trustees of the Asbestos PI Trust are third party
beneficiaries of this Note, with full right, power and authority to enforce the
Asbestos PI Trust’s rights under this Note.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IN WITNESS WHEREOF, the
Makers have fully executed this Promissory Note as of the day and year first
above written.

	
  

  	
  MAKERS:

  
	
   

  	
   

  	
   

  
	
   

  	
  ABB Inc., a
  Delaware corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ E. Barry
  Lyon

  
	
   

  	
  Name:

  	
  E. Barry Lyon

  
	
   

  	
  Title:

  	
  Assistant
  Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ABB Ltd, a
  company organized under the 

  
	
   

  	
  laws of
  Switzerland

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Alfred
  Storck

  
	
   

  	
  Name:

  	
  Alfred Storck

  
	
   

  	
  Title:

  	
  Deputy CFO

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Francois P.
  Champagne

  
	
   

  	
  Name:

  	
  Francois P. Champagne

  
	
   

  	
  Title:

  	
  Senior Counsel

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Acknowledged and
  accepted as of           ,
  2006:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Combustion
  Engineering 524(g) Asbestos PI Trust,

  	
   

  	
   

  
	
  a Delaware
  statutory trust

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/  Loreto T.
  Tersigni

  	
   

  
	
   

  	
  Loreto T. Tersigni, Trustee 

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/  Ellen S. Pryor

  	
   

  
	
   

  	
  Ellen S. Pryor

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/  Ken M. Kawaichi

  	
   

  
	
   

  	
  Hon. Ken M. Kawaichi, Ret., Trustee

  
					

 

Signature Page for $350M Promissory Note

 

 15

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